ST福能收广东证监局《行政处罚决定书》

Core Viewpoint - ST Fuhua (300173) has received an administrative penalty decision from the Guangdong Securities Regulatory Commission for violations related to information disclosure, specifically involving its subsidiary, Shenzhen Dayu Precision Technology Co., Ltd. [2][3] Group 1: Violations and Penalties - The Guangdong Securities Regulatory Commission found that in June 2020, Dayu Precision engaged in a scheme with Chongqing Zhongguang Optoelectronic Technology Co., Ltd. to create false transactions, resulting in inflated profits of approximately 35.8 million yuan, which accounted for 120.18% of ST Fuhua's reported profit for 2020 [2] - In 2021, Dayu Precision recognized impairment losses on the inflated prepayments, leading to a reduction in profits of about 2.27 million yuan, representing 6.64% of ST Fuhua's reported profit for that year [2] - The regulatory body has ordered ST Fuhua to correct the violations, issued a warning, and imposed a fine of 6.5 million yuan [2] Group 2: Company Response - ST Fuhua stated that the findings in the administrative penalty decision are consistent with the prior notice of the administrative penalty and pertain to the actions of its former subsidiary, Dayu Precision [3] - The company assesses that the violations do not constitute grounds for mandatory delisting due to major illegal activities [3] - As of the announcement date, all of the company's production and operational activities are reported to be functioning normally [3]