YUNNEI POWER(SZ:000903) Zheng Quan Ri Bao·2025-10-29 23:35Core Viewpoint - The company, ST Yundong, has faced significant financial reporting issues leading to regulatory penalties and adjustments in its financial statements due to prior misstatements [6][8][9]. Financial Data - The company has made retrospective adjustments to its financial data for the third quarter of 2025, with operating costs revised from 3,824,397,820.43 yuan to 3,912,205,918.98 yuan, and selling expenses adjusted from 175,697,895.57 yuan to 87,889,797.02 yuan [3]. - The third-quarter financial report for 2025 has not been audited [12]. Regulatory Actions - The company received an administrative penalty notice from the Yunnan Securities Regulatory Bureau on July 8, 2025, leading to a risk warning and a change in stock designation from "Yunnei Power" to "ST Yundong" [6][8]. - On August 8, 2025, the company was penalized for false records in its 2021 and 2022 annual reports, resulting in fines and warnings for the company and responsible individuals [6][8]. Corporate Governance Changes - The company has canceled its supervisory board, transferring its responsibilities to the audit committee of the board of directors to enhance governance efficiency [8]. - The company plans to improve its internal control systems and financial reporting quality following the penalties received [8]. Legal Matters - The company is involved in a legal dispute with Suzhou Mingzhi Technology Co., Ltd., which has resulted in the freezing of 36 million yuan in bank accounts [8][9]. - A counterclaim has been filed against Mingzhi Technology for compensation of 40,162,948.38 yuan, with the court set to hear the case on November 12, 2025 [9].