证监会最新发布，严肃查处

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng for suspected false financial reporting, proposing fines totaling 374.5 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][2][4] Group 1: Financial Misconduct - *ST Yuancheng has been found to have inflated revenue and profits for three consecutive years from 2020 to 2022, violating securities laws [1][2] - The company inflated operating costs by 158 million yuan, operating income by 209 million yuan, and total profit by 50.46 million yuan through manipulation of project costs related to the Yuelongshan International Tourism Resort [2][3] - In the 2022 annual report, *ST Yuancheng reported inflated operating income of 14.16 million yuan and inflated total profit of 13.45 million yuan, which represented 4.33% and 24.60% of the disclosed amounts, respectively [2] Group 2: Regulatory Actions - The CSRC plans to impose a fine of 37.45 million yuan on *ST Yuancheng and additional fines on responsible individuals, including 28 million yuan on the actual controller [3][4] - This incident marks the 13th company this year facing severe penalties for financial fraud, indicating a historical high in regulatory actions [4] - The CSRC emphasizes a stricter approach to financial fraud, moving beyond mere fines to enforce delisting procedures for companies that falsify financial data [4][5] Group 3: Broader Implications - The CSRC is committed to combating financial fraud, focusing on key stakeholders such as actual controllers and major shareholders, while also holding intermediaries accountable [5][6] - The regulatory body aims to dismantle the profit chain associated with financial fraud through a comprehensive accountability system that includes administrative, civil, and criminal penalties [6]