太原重工（600169）被处罚，股民索赔可期

Core Viewpoint - Taiyuan Heavy Industry Co., Ltd. has been penalized by the China Securities Regulatory Commission (CSRC) for falsifying financial records related to a wind power project, leading to significant discrepancies in reported revenues and profits from 2014 to 2021 [1][5][9]. Financial Misstatements - In 2014, the company overstated revenue by approximately 756.67 million yuan, which was 8.39% of the reported revenue, and overstated profit by about 155.35 million yuan, constituting 763.89% of the reported profit [1][9]. - In 2015, the company understated revenue by about 43.87 million yuan, which was 0.64% of the reported revenue, while overstating profit by approximately 13.03 million yuan, representing 34.83% of the reported profit [2][10]. - In 2016, the company overstated revenue by around 751.89 million yuan, accounting for 17.58% of the reported revenue, and overstated costs by approximately 786.07 million yuan, which was 18.68% of the reported costs [2][10]. - In 2017, the company understated revenue by about 185.21 million yuan, which was 2.58% of the reported revenue, while overstating profit by approximately 16.53 million yuan, representing 27.37% of the reported profit [3][11]. - In 2018, the company understated revenue by approximately 92.61 million yuan, which was 1.44% of the reported revenue, and overstated profit by about 120.75 million yuan, constituting 189.76% of the reported profit [3][11]. - In 2020, the company understated revenue by around 165.72 million yuan, which was 1.92% of the reported revenue, and understated profit by approximately 11.74 million yuan, representing 15.52% of the reported profit [3][11]. - In 2021, the company understated revenue by about 93.41 million yuan, which was 1.12% of the reported revenue, and understated profit by approximately 45.61 million yuan, constituting 25.3% of the reported profit [3][11]. Regulatory Actions - The CSRC's Shanxi Regulatory Bureau has ordered Taiyuan Heavy Industry to correct its financial statements and has issued warnings along with fines to the company and responsible personnel [5][13]. - The company had previously received a notice of investigation from the CSRC on July 26, 2025, and a prior notice of administrative penalty on November 1, 2025 [5][13]. Legal Implications for Investors - Investors who suffered losses due to the company's misstatements can seek compensation through legal channels, as outlined by the relevant laws and regulations [6][14]. - The conditions for filing claims include having purchased the company's securities between April 11, 2015, and July 25, 2025, and having sold or continued to hold them after July 26, 2025 [6][14].