退市！300391 被重罚

Core Viewpoint - *ST Changyao has been penalized for financial fraud, facing a fine of 10 million yuan and a proposed termination of its stock listing due to serious violations over three consecutive years [2][5][7]. Group 1: Financial Penalties and Violations - The company was fined 10 million yuan for financial fraud, as confirmed by the China Securities Regulatory Commission (CSRC) [2][5]. - The CSRC has indicated that it will transfer any criminal evidence related to the case to the public security authorities for further investigation [2]. - The company has been found to have inflated revenue and profit figures in its annual reports from 2021 to 2023, with inflated revenues of 215 million yuan, 284 million yuan, and 234 million yuan, representing 9.12%, 17.57%, and 19.51% of reported revenues respectively [5]. Group 2: Stock Listing Status - The Shenzhen Stock Exchange has issued a notice proposing to terminate the company's stock listing, with trading suspension set to begin on January 26, 2026 [6][7]. - The company has already triggered conditions for mandatory delisting due to significant legal violations [9]. - The stock has experienced a significant price increase, with a cumulative rise of 107.75% over four trading days leading up to January 23, 2026 [9].