微创光电（920198）被处罚，股民索赔可期

Core Viewpoint - Wuhan Micro Innovation Optoelectronics Co., Ltd. (Micro Innovation, stock code: 300104) has been penalized by the China Securities Regulatory Commission (CSRC) for financial misconduct related to revenue recognition practices [2][6]. Group 1: Financial Misconduct - From December 2022 to December 2023, Micro Innovation engaged in equipment sales with State Grid Sichuan Comprehensive Energy Service Co., Ltd. without having control over the goods, leading to improper revenue recognition using the total amount method, violating accounting standards [2][6]. - The company inflated its reported revenue by CNY 9.5262 million in Q1 2023, CNY 101.5284 million in H1 2023, and CNY 101.5284 million in Q3 2023, representing 38.17%, 69.16%, and 63.02% of the respective reported revenues [2][6]. Group 2: Regulatory Actions - The CSRC's Hubei Regulatory Bureau has decided to issue warnings and impose fines on Micro Innovation and responsible personnel due to the violations [2][6]. - The company issued a correction announcement in April 2024 to amend the previously inflated financial data [2][6]. Group 3: Investor Compensation - Affected investors who purchased Micro Innovation's securities between April 26, 2023, and April 28, 2024, and sold or held them after April 29, 2024, are eligible to register for compensation claims [7][8]. - Legal representatives are collecting claims from investors, emphasizing that the administrative penalty decision is a necessary prerequisite for filing lawsuits [4][8].