Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced administrative penalties against Beijing Orient Telecom Technology Co., Ltd. (ST Dongtong) for falsifying financial data in its periodic reports, which constitutes a violation of securities laws and regulations [1] Group 1: Financial Misconduct - ST Dongtong has inflated its revenue and profits for four consecutive years, leading to significant legal repercussions [1] - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals [1] - The actual controller of ST Dongtong will face a 10-year ban from the securities market [1] Group 2: Regulatory Actions - The company is suspected of major violations that could trigger mandatory delisting procedures, and the Shenzhen Stock Exchange will initiate these processes in accordance with the law [1] - The CSRC will transfer any potential criminal evidence to the public security authorities, adhering to the principles outlined in the Criminal Law and relevant prosecutorial standards [1]
上市公司严重财务造假！证监会：罚款2.29亿元
财联社·2025-09-12 10:55