Zheng Quan Shi Bao·2025-12-22 23:07Core Viewpoint - The Shenzhen Stock Exchange has announced the termination of *ST Dongtong's stock listing due to significant financial misconduct, with a structured delisting process set to begin [2][3]. Group 1: Delisting Announcement - On December 22, the Shenzhen Stock Exchange decided to terminate the listing of *ST Dongtong (300379) [2]. - The stock will resume trading on December 30, 2025, entering a delisting preparation period of fifteen trading days, with the last trading date expected to be January 21, 2026 [3]. Group 2: Financial Misconduct - From 2019 to 2022, *ST Dongtong was found to have falsified financial reports, inflating revenues and profits through fictitious business activities and premature revenue recognition [4]. - The company inflated revenues by 61.45 million, 84.85 million, 125.51 million, and 160.53 million yuan for the years 2019 to 2022, representing 12.29%, 13.25%, 14.54%, and 17.68% of reported revenues respectively [4]. - Profits were inflated by 52.23 million, 58.77 million, 79.48 million, and 123.69 million yuan during the same period, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of reported profits respectively [4]. Group 3: Regulatory Actions - The China Securities Regulatory Commission (CSRC) imposed a fine of 229 million yuan on the company and an aggregate fine of 44 million yuan on seven responsible individuals, with the actual controller facing a 10-year ban from the securities market [6]. - The company’s stock price is currently at 3.02 yuan per share, with a total market capitalization of less than 1.7 billion yuan [6].