累计虚增利润6.58亿元，美晨科技将被处罚；公司股票将于9月29日开市起停牌1天，并自9月30日被实施其他风险警示

Core Points - Meicheng Technology has been found to have inflated profits by 658 million yuan and revenues by 1.438 billion yuan from 2014 to 2018, leading to administrative penalties from the Shandong Securities Regulatory Bureau [2][8][9] - The company's stock will be suspended for one day starting September 29 and will be subject to risk warnings from September 30, changing its name to "ST Meicheng" [5][11] Financial Misconduct - The inflated revenues and profits were achieved through false accounting practices, including fictitious purchases and sales, resulting in significant discrepancies in reported financials [8][9] - The specific inflated amounts for each year from 2014 to 2018 include: - 2014: Revenue inflated by 23.66 million yuan, profit inflated by 22.93 million yuan - 2015: Revenue inflated by 373 million yuan, profit inflated by 189 million yuan - 2016: Revenue inflated by 726 million yuan, profit inflated by 260 million yuan - 2017: Revenue inflated by 215 million yuan, profit inflated by 117 million yuan - 2018: Revenue inflated by 101 million yuan, profit inflated by 69.49 million yuan [8][9] Regulatory Actions - The Shandong Securities Regulatory Bureau plans to impose a fine of 600,000 yuan on Meicheng Technology and a total of 2.3 million yuan on 12 responsible individuals, including the former chairman [9] - The former chairman, Guo Baifeng, is facing a 10-year ban from the securities market due to the severity of the violations [9] Business Impact - Meicheng Technology has reported continuous losses for four consecutive years, totaling 3.683 billion yuan, primarily due to declining performance in its landscaping business [12][13][15] - The company is in the process of divesting its loss-making assets, particularly the subsidiary Sai Stone Landscaping, to improve its financial situation [15][16] Stock Market Reaction - As of September 26, Meicheng Technology's stock closed at 3.22 yuan per share, with a market capitalization of 4.643 billion yuan [17]