603595，立案调查结果“定调”了

Core Viewpoint - ST Dongni (603595) has been penalized by the regulatory authority for violations related to information disclosure, resulting in a total fine of 15.7 million yuan for the company and several executives [2][3]. Summary by Relevant Sections Regulatory Actions - On November 12, ST Dongni received an administrative penalty decision from the Zhejiang Securities Regulatory Bureau due to delayed disclosure of significant contract progress and false records in its 2022 annual report and 2023 semi-annual report [2][3]. - The company was fined 7 million yuan for failing to timely disclose the inability to meet contract delivery schedules and for other violations [4][5]. Financial Misstatements - The company inflated its profit totals in the 2022 annual report and 2023 semi-annual report by 38.63% (38.7759 million yuan) and 70.95% (72.2779 million yuan) respectively [3][4]. - Specific misstatements included misclassifying research and development expenses as inventory and failing to adequately account for inventory impairment losses [3][4]. Contractual Issues - ST Dongni's subsidiary, Dongni Semiconductor, signed a procurement contract worth 675 million yuan with Guangdong Tianyu, which represented 51.84% of the company's latest audited main business income [4]. - As of October 2023, the subsidiary had only completed 6.74% of the contract's delivery schedule, leading to a delayed disclosure of this issue until January 2024 [4]. Company Performance - For the first three quarters of the year, ST Dongni reported revenues of 1.457 billion yuan, with a net loss attributable to shareholders of 14.6051 million yuan [10]. - In the third quarter, the company achieved revenues of 618 million yuan, reflecting a year-on-year growth of 2.51%, and a net profit of 26.607 million yuan, up 11.10% year-on-year [10].