Tony Tech(SH:603595) Mei Ri Jing Ji Xin Wen·2025-11-05 14:08Core Viewpoint - Dongni Electronics (ST Dongni, 603595.SH) has received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau for failing to timely disclose significant contract progress and for false records in its annual report [1][5][6] Group 1: Administrative Penalty - The company will have its stock marked with risk warnings, changing its A-share stock name to "ST Dongni" [1] - Dongni Electronics and six current executives face a total fine of 15.7 million yuan, with the company’s secretary, Weng Xinyi, receiving a warning and a fine of 900,000 yuan [1][7] Group 2: Contract Disclosure Issues - The first violation involves the failure to timely disclose the inability to meet the delivery schedule of a significant contract worth 675 million yuan, which accounts for 51.84% of the company's latest audited main business income [5][6] - As of October 2023, Dongni Semiconductor has only completed 6.74% of the contract delivery, with the company disclosing this issue late on January 6, 2024 [5] Group 3: Financial Misreporting - The second violation pertains to false records in the 2022 annual report and the 2023 semi-annual report, where profits were inflated by over 110 million yuan through various accounting manipulations [6] - Specifically, the 2022 annual report and the 2023 semi-annual report showed inflated profits of 38.63% and 70.95% respectively, leading to a total profit inflation of 11.1 million yuan [6]