Core Viewpoint - *ST Yuancheng has been found guilty of systematic financial fraud for three consecutive years, leading to severe penalties and potential delisting from the stock market [1][4][5]. Group 1: Financial Misconduct - The China Securities Regulatory Commission (CSRC) has issued a notice regarding *ST Yuancheng's serious financial fraud, which includes inflated revenue and profits over three years [1][2]. - The company is accused of inflating its operating costs by 158 million yuan, operating revenue by 209 million yuan, and total profit by 50.46 million yuan from 2020 to 2022 [3]. - In 2022, *ST Yuancheng reported inflated operating revenue of 14.16 million yuan and inflated total profit of 13.45 million yuan, which represented 4.33% and 24.6% of the disclosed amounts, respectively [3]. Group 2: Regulatory Actions - The CSRC plans to impose a fine of 37.45 million yuan on *ST Yuancheng and a total of 42 million yuan on five responsible individuals, including a 10-year market ban for the actual controller [1][4]. - The company is facing mandatory delisting procedures due to serious violations of securities laws, as it has triggered conditions for forced delisting under the Shanghai Stock Exchange rules [4][5]. - The company has acknowledged the risks of major violations leading to delisting, alongside financial risks and uncertainties regarding its ability to continue operations [4]. Group 3: Legal Implications - The CSRC has stated that it will transfer any criminal evidence related to *ST Yuancheng to the public security authorities, adhering to the principle of "should transfer all" [6][7]. - In 2024, the CSRC has sent 178 cases of suspected criminal activities to the police, marking a 51% increase from the previous year [6].
5名责任人员合计被罚4200万元
Jin Rong Shi Bao·2025-10-14 01:12