TYHI(SH:600169) Zhong Guo Jing Ying Bao·2025-11-01 14:10Core Points - Taiyuan Heavy Industry (600169.SH) received an administrative penalty notice from the Shanxi Securities Regulatory Bureau for violations of information disclosure laws, resulting in a total fine of 16.95 million yuan for the company and its executives [2][3] - The company manipulated financial data related to the development of a 300MW wind power project from 2012 to 2021, leading to false records in annual reports for seven years [2][3] - The stock will be suspended for one day starting November 3 and will be subject to risk warnings, with a new daily price fluctuation limit of 5% [3] Summary by Sections Regulatory Actions - The Shanxi Securities Regulatory Bureau determined that Taiyuan Heavy Industry's actions violated the Securities Law of 2005 and 2019, constituting false disclosures [3] - The company was fined 8 million yuan and ordered to correct its actions, while several executives faced lifetime and temporary market bans [3] Financial Manipulation Details - The company overstated revenue by over 756 million yuan in 2014, which accounted for 8.39% of the reported revenue for that year, and inflated total profits by 155 million yuan, representing a staggering 763.89% increase [2] - False financial data was also cited in the company's 2020 non-public stock issuance application, further violating disclosure obligations [2] Future Implications - The involved project was completed in 2021, and all related assets are expected to be divested by 2024, with the company asserting that these issues will not impact future operations [3]