TYHI(SH:600169) Zheng Quan Ri Bao·2025-10-31 22:24Core Viewpoint - Taiyuan Heavy Industry Co., Ltd. is facing administrative penalties from the Shanxi Securities Regulatory Bureau due to violations related to information disclosure, specifically concerning inflated financial data from 2014 to 2021 [8][13][19]. Financial Data - The company reported inflated revenues and profits in multiple years, including 2014 where revenue was overstated by approximately 756.67 million yuan, representing 8.39% of the reported revenue for that year [9]. - In 2016, the company overstated revenue by about 751.89 million yuan, which was 17.58% of the reported revenue [10]. - The financial discrepancies continued into 2021, with understated revenues of approximately 93.41 million yuan, which was 1.12% of the reported revenue for that year [12]. Administrative Penalties - The company is subject to a fine of 8 million yuan and has been ordered to correct its financial disclosures [18]. - Key executives, including former CEO Fan Weimin, face severe penalties, including lifetime bans from the securities market due to their roles in the violations [19][20]. - Other executives received varying fines and warnings based on their involvement in the misleading financial reporting [18][19]. Company Response - The company has committed to correcting the financial reports and improving internal controls to prevent future violations [21][22]. - It has assured stakeholders that its current operations are normal and that the projects involved have been completed and divested [21].