远大智能财报造假三年虚增营收3.36亿 与7名时任高管被罚2100万股票遭ST

Core Viewpoint - Far East Intelligent has been heavily penalized for financial fraud, including the use of forged acceptance certificates to prematurely recognize elevator sales revenue and unfulfilled leasing agreements to inflate rental income, resulting in significant penalties and stock warnings [1][3][4]. Financial Misconduct - The company has been found to have inflated total operating income by 336 million yuan and total profit by approximately 93.26 million yuan over three years from 2019 to 2021 [6][8]. - Specific instances of inflated revenue include 123 million yuan in 2019, 66.23 million yuan in 2020, and 147 million yuan in 2021, with corresponding profit inflations of 32.58 million yuan, 21.75 million yuan, and 38.93 million yuan respectively [4][5]. Regulatory Actions - The company and seven executives have been fined a total of 21 million yuan, with the company receiving a warning and a fine of 6 million yuan, while the executives face fines ranging from 1 million to 3 million yuan each [1][9]. - Following the financial misconduct, the company's stock was reclassified as "ST Far East Intelligent," with trading limits imposed [1][9]. Historical Performance - Far East Intelligent has not issued dividends since 2018 and has not engaged in equity refinancing since its IPO in 2012 [2][10]. - The company has experienced poor performance, with five consecutive years of losses in net profit excluding non-recurring items from 2018 to 2022, although it returned to profitability in 2023 [9][10]. Recent Financial Results - In the first three quarters of 2025, the company reported operating income of 848 million yuan, a year-on-year increase of 14.38%, and a net profit of 41.82 million yuan, a significant increase of 609.62% [9]. - The elevator business accounted for 98.75% of the company's revenue in the first half of 2025, with specific contributions from different segments [10].