600200触及重大违法强制退市！

Core Viewpoint - *ST Suwu is facing potential delisting due to significant violations including false disclosures and inflated financial figures from 2018 to 2023 [2][4]. Financial Misconduct - The company and its subsidiaries inflated revenue, costs, and profits through non-commercial trade activities with related companies, resulting in inflated figures for the years 2020 to 2023 [3]. - Specific inflated amounts include: - Revenue: 495.26 million, 468.51 million, 430.75 million, and 376.66 million, representing 26.46%, 26.39%, 21.26%, and 16.82% of reported revenue respectively [3]. - Costs: 480.68 million, 448.24 million, 410.82 million, and 355.44 million, representing 37.08%, 35.47%, 28.40%, and 20.95% of reported costs respectively [3]. - Profits: 14.58 million, 20.27 million, 19.92 million, and 21.22 million, representing 2.89%, 51.65%, 26.42%, and 29.81% of reported profits respectively [3]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has ordered the company to rectify its violations, issued a warning, and imposed a fine of 10 million [4]. - Due to the severity of the violations, the company’s stock will be suspended from trading starting November 26, and it may face mandatory delisting under the Shanghai Stock Exchange rules [4]. - If delisting occurs, the stock will enter a 15-day trading period marked as "delisted" before being officially removed from the exchange [4]. Market Impact - As of November 25, the stock of *ST Suwu reached a limit-up price of 1.24 yuan per share, with a total market capitalization of 881 million [4].