Juewei Food (SH:603517) Zhong Guo Xin Wen Wang·2025-09-23 13:09Core Viewpoint - On September 23, ST Juewei's stock price hit the daily limit down on its first day of resuming trading, closing at 14.49 yuan, with a total market value of 8.781 billion yuan [1][2]. Group 1: Stock Performance - ST Juewei's stock was suspended for one day before resuming trading and was subsequently placed under risk warning [1][3]. - The stock opened at 14.49 yuan and experienced a decline of 0.76 yuan, or 4.98%, by the close [2][3]. Group 2: Regulatory Issues - The company was designated as "ST" due to violations related to information disclosure [3][6]. - An administrative penalty notice from the China Securities Regulatory Commission indicated that from 2017 to 2021, Juewei failed to recognize revenue from franchise store renovation, leading to understated annual reports by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% respectively for those years [3][6]. - The former chairman and general manager, Dai Wenjun, along with other executives, were held responsible for the mismanagement and were fined a total of 4 million yuan [6]. Group 3: Financial Performance - In the first half of 2025, Juewei reported revenue of 2.82 billion yuan, a year-on-year decrease of 15.57%, and a net profit attributable to shareholders of 175 million yuan, down 40.71% year-on-year [7].