Core Viewpoint - The China Securities Regulatory Commission (CSRC) announced administrative penalties against Yuancheng Environment Co., Ltd. (*ST Yuancheng) for suspected false reporting of financial data, leading to potential delisting procedures due to serious violations of securities laws [1] Summary by Categories Company Actions - *ST Yuancheng has been found to have inflated revenue and profits for three consecutive years, violating securities laws and regulations [1] - The CSRC plans to impose a fine of 37.4546 million yuan on the company [1] Penalties and Consequences - A total of 42 million yuan in fines will be levied against five responsible individuals [1] - The actual controller of *ST Yuancheng will face a 10-year ban from the securities market [1] Legal Proceedings - The CSRC will transfer any potential criminal evidence to law enforcement agencies in accordance with legal requirements [1]
证监会：严肃查处*ST元成严重财务造假案件
Xin Hua Wang·2025-10-10 12:23