中国证监会山东监管局行政处罚决定书（山东美晨科技股份有限公司等）

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Shandong Meichen Technology Co., Ltd. for violations related to information disclosure and financial fraud from 2014 to 2018 [2][16]. Summary by Sections Company Overview - Shandong Meichen Technology Co., Ltd. is based in Weifang, Shandong Province, and has been involved in financial misconduct related to its subsidiary, Hangzhou Saishi Garden Group Co., Ltd. [2] Violations and Findings - From 2014 to 2018, Meichen Technology inflated its revenue and profits through fraudulent activities, including false procurement and sales, resulting in significant discrepancies in its financial reports [10][11]. - The inflated revenues were reported as follows: - 2014: 23.66 million CNY (2.06% of reported revenue) - 2015: 372.64 million CNY (20.67%) - 2016: 725.61 million CNY (24.60%) - 2017: 215.19 million CNY (5.53%) - 2018: 100.68 million CNY (2.88%) [10] - The inflated profits were reported as follows: - 2014: 22.93 million CNY (17.91% of reported profit) - 2015: 188.54 million CNY (75.64%) - 2016: 259.58 million CNY (49.78%) - 2017: 117.43 million CNY (15.49%) - 2018: 69.49 million CNY (15.58%) [10] Key Individuals Involved - Key individuals involved in the misconduct include: - Guo Baifeng, who was the chairman of Saishi Garden and organized the financial fraud [11][15] - Zhang Lei (born February 1977), who served as chairman and failed to ensure accurate reporting [11][15] - Li Ronghua, who participated in the fraud and held positions as a director and general manager [11][15] - Other executives, including Zheng Zhaowei, Zhang Lei (born December 1981), Liu Jianyu, and others, were also implicated for failing to fulfill their duties [12][13][15]. Penalties Imposed - The CSRC has ordered Meichen Technology to correct its practices and imposed a fine of 600,000 CNY [16]. - Individual penalties include: - Guo Baifeng, Zhang Lei (born February 1977), and Li Ronghua: 300,000 CNY each [16] - Zheng Zhaowei: 250,000 CNY [16] - Zhang Lei (born December 1981), Liu Jianyu, and Sun Shuqin: 200,000 CNY each [16] - Li Weigang: 150,000 CNY [16] - Other involved parties received fines ranging from 100,000 CNY to 50,000 CNY [16]. - Guo Baifeng faces a 10-year ban from the securities market due to the severity of his violations [16].