年报虚假记载，000821“戴帽”

Core Viewpoint - JingShan Light Machine (000821) is facing a risk warning (ST) due to violations in information disclosure related to its 2018 annual report, following a year-long investigation by the Hubei Securities Regulatory Bureau [1][4]. Summary by Sections Company Announcement - On January 16, JingShan Light Machine announced it received an administrative penalty notice from the Hubei Securities Regulatory Bureau, leading to a risk warning for its stock [1][4]. - The stock will be suspended for one day starting January 19 and will resume trading on January 20 under the new name "ST JingJi," with a daily trading limit of 5% [1][4]. Background of Violations - The penalties stem from financial disclosure violations by its former subsidiary, HuiDaCheng, between 2016 and 2018 [5]. - HuiDaCheng and its wholly-owned subsidiary, JingShan JingHui Intelligent Technology Co., Ltd., inflated revenue by CNY 58.19 million and costs by CNY 9.60 million through false contracts, resulting in an inflated profit of CNY 46.70 million, which accounted for 25.49% of the total profit disclosed by JingShan Light Machine in 2018 [2][5]. Regulatory Findings - The Hubei Securities Regulatory Bureau determined that JingShan Light Machine and related parties violated securities laws, proposing a warning and a fine of CNY 5 million for the company and a total of CNY 7.8 million in fines for responsible individuals [2][6]. Company Response - The management expressed sincere apologies for the historical issues and stated that the penalties do not impact the current main business operations or financial status [3][6]. - The company has initiated a comprehensive internal control upgrade plan to prevent similar risks in the future, focusing on enhancing management and compliance culture [3][6]. - JingShan Light Machine's main business segments, including photovoltaic, packaging, and lithium battery intelligent equipment, are operating steadily, with a commitment to technological innovation and market expansion [3][6].