2 1 Shi Ji Jing Ji Bao Dao·2026-01-16 14:03Core Viewpoint - ST Huilun has been heavily fined for concealing related party fund occupation and committing financial fraud for two consecutive years, reflecting a broader issue of compliance among companies in Dongguan [1][4][5]. Group 1: Regulatory Actions and Penalties - ST Huilun was fined a total of 11.4 million yuan for failing to disclose fund occupation issues and for inflating revenue by 25.49 million yuan in 2021 and 62.33 million yuan in 2022 [4]. - ST Quanwei received a regulatory letter for related party fund occupation amounting to 1.3 million yuan and significant internal control deficiencies [2][3]. - Tuo Si Da was issued a warning for inaccurate revenue recognition, leading to inflated profits in 2023 [3]. - Shang Ji Technology was penalized for multiple financial disclosure violations, including inaccurate revenue recognition and insufficient bad debt provisions [3]. Group 2: Broader Industry Implications - The regulatory actions against ST Huilun and other companies indicate a stringent stance on financial misconduct and the importance of compliance among listed companies [5][7]. - Companies like Guang Bo Laser and Dongguan Securities have also faced warnings for internal governance and compliance issues, highlighting systemic problems in the region [5][6]. - The penalties serve as a reminder for companies to enhance compliance awareness and ensure accurate and reliable information disclosure to protect investor interests [5][7].