J.S. Machine(SZ:000821) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-18 22:51Core Viewpoint - The company, Jing Shan Light Machinery Co., Ltd., is facing a risk warning on its stock due to the disclosure of false financial data in its 2018 annual report, as indicated by the China Securities Regulatory Commission (CSRC) [2][6][12]. Group 1: Stock Trading and Risk Warning - The company's stock will be suspended for one day starting January 19, 2026, and will resume trading on January 20, 2026, under the new name "ST Jing Ji" with a trading limit of 5% [3][4][5]. - The stock will be subject to a risk warning starting January 20, 2026, due to the findings in the CSRC's administrative penalty notice [3][6]. Group 2: Reasons for Risk Warning - The risk warning is based on the CSRC's notice stating that the company’s 2018 annual report contained false financial records, specifically inflating revenue by 58.19 million yuan and profit by 46.70 million yuan, which constituted 25.49% of the reported profit for that year [12][16]. - The company has acknowledged the issues and has taken steps to correct the financial statements through retrospective adjustments [21][24]. Group 3: Company Response and Future Measures - The company's board is committed to taking effective measures to mitigate the impact of the situation and aims to apply for the removal of the risk warning once conditions are met [7][24]. - The company has already implemented internal controls and governance improvements to prevent future occurrences of such issues [24][25].