ST汇洲收500万元罚单

Core Points - ST Huizhou (002122.SZ) received an administrative penalty decision on November 18 due to false reporting in its annual reports for 2019 and 2020 [1] - The regulatory investigation revealed that ST Huizhou's subsidiaries engaged in fictitious business activities, resulting in inflated revenues and profits [1] Financial Impact - The subsidiaries reported inflated revenues of 59.90 million yuan and 96.89 million yuan for 2019 and 2020, respectively, accounting for 5.08% and 13.42% of the reported amounts [1] - The inflated total profits amounted to 14.16 million yuan and 17.77 million yuan for the same years, representing 0.88% and 8.72% of the reported figures [1] Regulatory Actions - The regulatory body issued a warning to ST Huizhou and imposed a fine of 5 million yuan [1] - Relevant responsible individuals received warnings and fines as well [1] Company Response - ST Huizhou stated that it has corrected the accounting errors mentioned in the administrative penalty decision and confirmed that it does not fall under the circumstances for mandatory delisting due to major violations [1]