连续五年年报“失真”领罚单，ST绝味前三季度营收净利双降

Core Points - ST Juewei reported a revenue of approximately 4.26 billion yuan for the first three quarters of 2025, a year-on-year decline of 15.04% [2] - The net profit attributable to shareholders was about 280 million yuan, down 36.07% year-on-year [2] - The net profit excluding non-recurring gains and losses was approximately 241 million yuan, a decrease of 43.27% year-on-year [2] - The decline in performance is attributed to the impact of the industry market environment, leading to a decrease in the sales volume of main products [2] Regulatory Issues - On September 30, 2025, ST Juewei received an administrative penalty decision from the Hunan Regulatory Bureau of the China Securities Regulatory Commission [2] - The company was found to have failed to recognize revenue from franchise store renovation services from 2017 to 2021, resulting in understated annual report revenues [2] - The penalties included a correction order, a warning, and a fine of 4 million yuan, along with warnings and varying fines for responsible individuals [2]