Core Viewpoint - Both Dongxu Optoelectronics Technology Co., Ltd. and Shenzhen Guangdao Digital Technology Co., Ltd. have received administrative penalties from regulatory authorities for financial fraud, highlighting the increasing scrutiny and zero-tolerance policy towards financial misconduct in the market [1][4][16]. Group 1: Dongxu Optoelectronics - Dongxu Optoelectronics has been found guilty of false disclosures and fraudulent issuance of shares, with a total of 9.595 billion yuan in non-operating funds misappropriated by its controlling shareholder [5][9]. - The company raised 7.565 billion yuan through a non-public stock issuance, which was based on falsified financial reports from 2015 and 2016, leading to a penalty of 3.9 billion yuan from the Hebei Securities Regulatory Bureau [10][11]. - Dongxu Optoelectronics was officially delisted on October 11, 2024, after its stock price fell below 1 yuan for twenty consecutive trading days [14]. Group 2: Guangdao Digital - Guangdao Digital has been accused of fabricating sales and procurement activities from 2018 to the first half of 2024, resulting in inflated revenues and costs, with a maximum inflation rate of 99.39% in reported figures [6][7]. - The company reported inflated revenues of 1.43 billion yuan in 2018, increasing to 3.04 billion yuan in 2023, leading to a total penalty of 10 million yuan from the Shenzhen Securities Regulatory Bureau [11][12]. - Guangdao Digital is at risk of becoming the first delisted company on the Beijing Stock Exchange due to significant violations, having already received a warning and a special treatment designation [15]. Group 3: Regulatory Environment - The regulatory bodies have demonstrated a strong commitment to enforcing laws against financial fraud, reflecting a broader trend towards stricter oversight and legal compliance in the securities market [16].
财务造假！他们被顶格处罚！