Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng (603388) for falsifying financial data over three consecutive years, leading to potential delisting from the Shanghai Stock Exchange [1][2] Group 1: Administrative Penalties - *ST Yuancheng is facing a fine of 37.45 million yuan for the company and a total of 42 million yuan for five responsible individuals [1] - The actual controller of *ST Yuancheng will be banned from the securities market for 10 years [1] - The CSRC will transfer any criminal evidence to the public security authorities for further investigation [1] Group 2: Company Background and Financials - *ST Yuancheng was established in 1999 and is headquartered in Hangzhou, Zhejiang [2] - For the first half of 2025, the company's revenue composition is as follows: 97.39% from engineering construction and greening maintenance, 2.04% from landscape design, 0.41% from information services and others, and 0.16% from other sources [2] - As of October 10, *ST Yuancheng's total market value is 537 million yuan [2]
证监会出手,603388强制退市!董事长被罚2800万元,10年市场禁入