5年虚增利润超6.5亿元 拟对12人追责 美晨科技将被“ST”

Core Viewpoint - Meicheng Technology has been found guilty of financial fraud over a five-year period, leading to significant penalties and regulatory actions [2][4]. Group 1: Financial Fraud Details - From 2014 to 2018, Meicheng Technology inflated its revenue by a total of 1.438 billion yuan and profits by nearly 658 million yuan through its subsidiary, Haizhou Saishi Garden Group [2][3]. - The fraudulent activities included false procurement of labor and seedlings, which inflated construction costs and completion percentages, as well as fictitious sales of seedlings and misrecording of costs [3]. - The annual revenue inflation was reported as follows: 23.66 million yuan (2014), 373 million yuan (2015), 726 million yuan (2016), 215 million yuan (2017), and 101 million yuan (2018), representing 2.06%, 20.67%, 24.60%, 5.53%, and 2.88% of the disclosed revenue respectively [3]. - Profit inflation for the same years was reported as: 22.93 million yuan (2014), 189 million yuan (2015), 260 million yuan (2016), 117 million yuan (2017), and 69.49 million yuan (2018), accounting for 17.91%, 75.64%, 49.78%, 15.49%, and 15.58% of the disclosed profit respectively [3]. Group 2: Regulatory Actions - The Shandong Securities Regulatory Bureau has proposed a fine of 600,000 yuan for Meicheng Technology and intends to hold 12 individuals accountable, including significant fines and a 10-year market ban for the former chairman of Saishi Garden, Guo Baifeng [4][5]. - Meicheng Technology's stock will be subject to risk warnings starting September 30, 2025, with the stock name changing from "Meicheng Technology" to "ST Meicheng" [6]. - The company has stated that despite the financial discrepancies, the violations do not warrant a mandatory delisting, and it will enhance its internal governance and information disclosure practices [6][7]. Group 3: Future Actions and Compliance - Meicheng Technology must meet two conditions to apply for the removal of the risk warning: restating the financial reports for the relevant years and waiting 12 months after the formal administrative penalty decision from the China Securities Regulatory Commission [7]. - The company has emphasized its commitment to addressing the issues raised in the notice and aims to mitigate the impact on its operations and reputation [6][7].