子公司财务造假虚增利润坐实！京山轻机接罚单并将被ST

Core Viewpoint - The company, Jing Shan Light Machine, is facing administrative penalties from the Hubei Securities Regulatory Bureau due to violations related to false financial disclosures, leading to a significant adjustment in its stock status and potential fines for responsible individuals [1][4][7]. Group 1: Administrative Penalties - The company received an administrative penalty notice from the Hubei Securities Regulatory Bureau, indicating violations of securities laws related to false financial disclosures [1][4]. - The company is subject to a fine of 5 million yuan, while the former chairman and three other responsible individuals face fines ranging from 300,000 to 2.5 million yuan, totaling 12.8 million yuan [1][7]. - The company’s stock will be suspended for one day on January 19, 2026, and will resume trading on January 20, 2026, under a risk warning with a new stock abbreviation "ST Jingji" [1][8]. Group 2: Financial Misconduct Details - From 2015 to 2018, the company invested in its subsidiary, Shenzhen Huida Cheng Intelligent Technology Co., which engaged in fraudulent activities, including signing false contracts and recognizing unfulfilled contract revenues, resulting in inflated revenues of 58.19 million yuan and inflated profits of 46.70 million yuan, constituting 25.49% of the reported profit for 2018 [4][6]. - The company’s 2018 annual report contained false records, and subsequent documents referenced these inaccurate financial figures [4][5]. - Evidence of the misconduct includes criminal judgments, contracts, bank statements, and inquiry records, confirming the violations of the Securities Law [6].