ST汇洲因年报虚假记载被罚500万元

Core Viewpoint - ST Huizhou received a fine of 5 million yuan due to false reporting in its annual reports for 2019 and 2020, involving inflated revenues and profits from its subsidiaries [1] Summary by Relevant Sections Regulatory Actions - The company was officially notified of the administrative penalty on November 18, which includes a warning and a fine of 5 million yuan [1] - The regulatory body found that the company’s subsidiaries engaged in false advertising and other deceptive practices, leading to inflated financial figures [1] Financial Misstatements - For the years 2019 and 2020, ST Huizhou's subsidiaries reported inflated revenues of 59.90 million yuan and 96.89 million yuan, respectively, which accounted for 5.08% and 13.42% of the reported amounts for those years [1] - The total inflated profit for the same years was 14.16 million yuan and 17.77 million yuan, representing 0.88% and 8.72% of the reported profit figures [1] Company Response - ST Huizhou stated that it has corrected the accounting errors identified in the administrative penalty decision and confirmed that it does not fall under the circumstances that would trigger mandatory delisting due to major violations [1]