京山轻机,回应股票被“ST”

Core Viewpoint - The company, Jing Shan Light Machine, has received an administrative penalty notice from the Hubei Securities Regulatory Bureau regarding false disclosures in its 2018 annual report, leading to a risk warning designation for its stock, which will be changed to "ST Jing Ji" starting January 20 [1][6]. Group 1: Company Response and Impact - The company has expressed sincere apologies to investors and partners for the historical issues and stated that the penalty does not significantly impact its current operations or financial status [2]. - The involved subsidiary, Shenzhen Huida Cheng Intelligent Technology Co., Ltd., has been shut down, and the company has taken legal action against the original shareholders for financial fraud, which has been resolved through the judicial process [3][4]. - Financial adjustments have been completed, and the company has corrected past accounting errors related to the subsidiary, ensuring that historical financial data accurately reflects the situation [3]. Group 2: Current Operations and Future Plans - The company reports that all business operations, including its main sectors of photovoltaic equipment, lithium battery equipment, and packaging equipment, are running smoothly and as planned [5]. - The penalty is considered a procedural matter related to past events, and the company has initiated a comprehensive internal control upgrade plan to prevent similar issues in the future [5][6]. - The company aims to enhance governance and compliance training for its management and key personnel to improve operational standards and information disclosure quality [5].

J.S. Machine-京山轻机,回应股票被“ST” - Reportify