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证监会严肃查处*ST元成严重财务造假案件 年内因财务造假实质触及重大违法强制退市指标公司已达13家
Zheng Quan Ri Bao·2025-10-10 16:08

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng for falsifying financial data over three consecutive years, leading to a proposed fine of 37.45 million yuan for the company and 42 million yuan for five responsible individuals, along with a 10-year market ban for the actual controller [1][4][5]. Group 1: Company Violations - *ST Yuancheng has been found to have inflated revenue and profits for three consecutive years, violating securities laws [1][4]. - The company reported a revenue of 146 million yuan for 2024, with a net profit of -32.3 million yuan, triggering a warning for potential delisting due to financial indicators [3][4]. - The company’s financial reports for 2020 to 2022 included false records, with a total of 158 million yuan in inflated costs and 209 million yuan in inflated revenue [4][5]. Group 2: Regulatory Actions - The CSRC plans to impose a total fine of 79.45 million yuan on *ST Yuancheng and its responsible personnel, with the actual controller facing a 10-year ban from the securities market [1][5]. - The Shanghai Stock Exchange will initiate delisting procedures for *ST Yuancheng due to serious violations of financial reporting standards [1][5]. - This year, 13 companies have been identified as having reached the threshold for mandatory delisting due to financial fraud, reflecting the regulatory body's strict stance against such practices [2][5]. Group 3: Broader Industry Context - The regulatory framework for financial fraud has been strengthened, with over 40 cases receiving administrative penalties this year alone [7][8]. - The introduction of new legal provisions allows companies to reclaim excessive compensation from executives involved in financial fraud, enhancing internal governance [9][10]. - The CSRC is shifting towards a comprehensive regulatory approach that includes prevention, control, and post-incident accountability to combat financial fraud effectively [8][10].