虚增营收和利润！这一光伏上市企业涉财务造假被重罚

Core Viewpoint - Hubei Jing Shan Light Industry Machinery Co., Ltd. (referred to as Jing Shan Light Machine) has announced its rectification measures in response to the administrative penalty notice received from the Hubei Securities Regulatory Bureau regarding financial fraud that inflated revenue and profit figures in 2018 [1][2] Group 1: Financial Misconduct and Penalties - Jing Shan Light Machine inflated its revenue by 58.19 million yuan and profit by 46.70 million yuan through its former subsidiary, Shenzhen Huida Cheng Intelligent Technology Co., Ltd., leading to false records in its 2018 annual report [1] - The Hubei Securities Regulatory Bureau plans to impose a warning and a fine of 5 million yuan on Jing Shan Light Machine, along with fines ranging from 30,000 to 250,000 yuan on responsible individuals including the former chairman and general manager [2] Group 2: Company Response and Remediation - The company emphasized that the involved subsidiary, Huida Cheng, has been shut down and is unrelated to its current main business, with financial corrections completed in 2022 [2][6] - Jing Shan Light Machine reported that the incident was a result of financial fraud by Huida Cheng's former shareholders to meet performance commitments, and the company proactively reported the issue to authorities in 2021 [5] Group 3: Business Operations and Financial Impact - Despite the penalties, Jing Shan Light Machine stated that its production and operations remain normal, with stable performance in its core businesses of photovoltaic equipment, lithium battery equipment, and packaging equipment [6] - The company reported a significant decline in revenue, with a 32.77% year-on-year decrease to 1.795 billion yuan and a 51.68% drop in net profit to 79 million yuan for the third quarter of 2025 [2] Group 4: Future Measures and Governance - The company plans to enhance its corporate governance by initiating a comprehensive internal control review and strengthening oversight of subsidiaries to prevent future incidents [7] - Jing Shan Light Machine will continue to fulfill its information disclosure obligations and apply for the removal of risk warnings from its stock once conditions are met [9][10]