Zhong Guo Jing Ying Bao·2025-11-09 14:48Core Viewpoint - The article discusses the penalties imposed on *ST Jintai (金力泰) and Nanwei Co., Ltd. (南卫股份) due to failures in timely financial disclosures and issues related to internal control audits, highlighting the importance of independent auditing in identifying financial risks and enhancing corporate governance [1][2][6]. Group 1: Penalties and Auditing Issues - *ST Jintai was fined 4.6 million yuan due to the failure to disclose its 2024 annual report on time, with three executives involved [1][2]. - The audit firm Zhongxinghua issued a "disclaimer of opinion" on *ST Jintai's 2024 annual report, indicating significant issues with the company's internal controls [1][3]. - Nanwei Co., Ltd. also faced penalties related to its internal control audit, with the audit firm Tianheng issuing a negative opinion on its 2022 internal control report [4][5]. Group 2: Financial Irregularities - The audit report for *ST Jintai revealed that the company transferred 9.31 billion yuan to related trade partners, with a similar amount returned, raising concerns about potential fund misappropriation [2][3]. - Nanwei Co., Ltd. was found to have significant non-operational fund occupation issues, with 43.35 million yuan identified as funds occupied by its actual controller and related entities [5]. Group 3: Role of Auditors - Experts emphasize the critical role of independent auditors in identifying financial risks and enhancing the quality of information disclosure, which is essential for corporate governance [6]. - The independence and professional judgment of audit firms are crucial in maintaining market integrity and ensuring that companies address financial irregularities [6].