Juewei Food (SH:603517) Guo Ji Jin Rong Bao·2025-09-23 08:28Core Points - ST Juewei's stock price fell by 4.98% on its first day of resumption, closing at 14.49 yuan, with a total market value of 8.781 billion yuan [1] - The company was suspended for one day due to five consecutive years of financial disclosure violations related to a renovation account from several years ago [3] - The China Securities Regulatory Commission (CSRC) issued a notice of administrative penalty, indicating that Juewei failed to recognize revenue from franchise store renovations from 2017 to 2021, leading to understated annual reports by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% respectively [3] - The Hunan Regulatory Bureau imposed a fine of 4 million yuan on Juewei and issued warnings and fines to key executives, including 2 million yuan for the chairman and general manager, 1.5 million yuan for the former CFO, and 1 million yuan for the former secretary [5] - Industry analyst Zhu Danpeng stated that the penalties will cause immeasurable damage to the company's reputation and significantly impact the confidence of its team, suppliers, and franchisees [5]