美晨科技被处罚，股民索赔可期

Core Points - Shandong Meichen Technology Co., Ltd. has been penalized by the China Securities Regulatory Commission (CSRC) for financial misconduct involving inflated revenues and profits from 2014 to 2018 [1][2][3] Summary by Sections Company Misconduct - Meichen Technology acquired 100% of Hangzhou Saishi Garden Group Co., Ltd. in September 2014, which led to the latter becoming a wholly-owned subsidiary [2] - From 2014 to 2018, Saishi Garden inflated construction costs and completion percentages through false procurement and sales, resulting in a total inflated revenue of 1,437.78 million yuan and inflated profits of 657.96 million yuan [2] - The inflated revenues and profits for each year were as follows: - 2014: Revenue inflated by 23.66 million yuan (2.06% of reported revenue), profit inflated by 22.93 million yuan (17.91% of reported profit) - 2015: Revenue inflated by 372.64 million yuan (20.67%), profit inflated by 188.54 million yuan (75.64%) - 2016: Revenue inflated by 725.61 million yuan (24.60%), profit inflated by 259.58 million yuan (49.78%) - 2017: Revenue inflated by 215.19 million yuan (5.53%), profit inflated by 117.43 million yuan (15.49%) - 2018: Revenue inflated by 100.68 million yuan (2.88%), profit inflated by 69.49 million yuan (15.58%) [2] Regulatory Actions - The CSRC's Shandong Regulatory Bureau has ordered Meichen Technology and responsible personnel to rectify the situation, issue warnings, and impose fines [2] - The company has faced multiple notifications from the CSRC regarding the investigation and penalties, with the latest being an administrative penalty decision [3] Investor Implications - Investors who suffered losses due to the company's misconduct can seek civil compensation, which includes investment differences, commissions, stamp duties, and interest losses [3] - A lawyer from Shanghai Hanlian Law Firm is collecting claims from affected investors who purchased Meichen Technology's securities between March 12, 2015, and March 31, 2025 [3]