21世纪经济报道·2025-09-16 04:43Core Viewpoint - Recent penalties imposed on listed companies for fund occupation issues highlight the regulatory authorities' "zero tolerance" stance towards actions that infringe on the interests of listed companies and minority investors [1][7]. Group 1: *ST Lingda's Violations - *ST Lingda was fined 1 million yuan for failing to disclose related party fund occupation of 65.6 million yuan and for unauthorized guarantees totaling 126 million yuan, with responsible individuals fined 4 million yuan [1][3]. - The company had a total of 65.6 million yuan occupied by related parties, accounting for 9.95% of its latest audited net assets, and 126 million yuan in unauthorized guarantees, representing 19.10% of its net assets [4][5]. - The penalties reflect a significant regulatory crackdown, with the company facing multiple disclosure violations, including failure to report production stoppages and risks related to equipment prepayments [4][5]. Group 2: Yangmei Chemical's Violations - Yangmei Chemical was fined 1.5 million yuan for the non-operational occupation of 1.126 billion yuan by its controlling shareholder, which was not disclosed in financial reports [1][7]. - The funds occupied by the controlling shareholder represented 17.74% of Yangmei Chemical's latest audited net assets, and the penalties included fines for both the company and responsible individuals totaling 690,000 yuan [8][9]. - The regulatory response to Yangmei Chemical's violations was swift, with the entire process from investigation to penalty completion taking just over two months [12]. Group 3: Regulatory Efficiency - The regulatory authorities have significantly improved their efficiency in handling fund occupation cases, with the time from investigation to penalty issuance being notably reduced [11][12]. - For instance, *ST Lingda's case took less than 10 months from being filed to receiving the final penalty decision, while Yangmei Chemical's case was resolved in just over two months [11][12]. - This increase in regulatory speed indicates a more proactive approach to enforcing compliance and protecting the interests of investors [10][11].