收购项目当年就为其虚增利润 11年后美晨科技终难逃处罚

Core Viewpoint - Meicheng Technology has been involved in a long-term financial fraud case, inflating revenues and profits from 2014 to 2018, leading to significant regulatory penalties and stock market repercussions [1][2][3]. 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 658 million yuan, starting the fraudulent activities in the year of acquiring Saishi Landscaping [1][2]. - 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 [2]. - The annual breakdown of inflated revenues shows a peak in 2016 with an inflated revenue of 726 million yuan, accounting for 24.60% of the reported revenue for that year [2]. Group 2: Regulatory Actions and Penalties - The Shandong Securities Regulatory Bureau issued a warning and a fine of 600,000 yuan to Meicheng Technology, with 12 responsible individuals fined a total of 2.9 million yuan [3]. - Key figures involved in the fraud, including the former chairman of Saishi Landscaping and the former chairman of Meicheng Technology, received fines and warnings, with one individual facing a 10-year ban from the securities market [3]. - Following the announcement of the fraud, Meicheng Technology's stock will be suspended for one day and will be subject to risk warnings, changing its name to "ST Meicheng" starting September 30, 2025 [3][4]. Group 3: Company Background and Recent Performance - Meicheng Technology, established in 2004 and listed in 2011, operates in high-end intelligent manufacturing, quality living environments, landscape construction, and ecological agriculture [4]. - In the first half of 2025, the company reported revenues of 863 million yuan, a year-on-year increase of 1.41%, but incurred a net loss of 91.68 million yuan, an improvement from a loss of 192 million yuan in the same period last year [4].