Juewei Food (SH:603517) 第一财经·2025-09-24 05:15Core Viewpoint - ST Juewei (603517.SH) has faced significant stock price decline due to regulatory penalties related to information disclosure violations, leading to a change in its stock designation to "ST Juewei" [3][4]. Group 1: Regulatory Issues - The company received an "Administrative Penalty Notice" from the China Securities Regulatory Commission (CSRC) regarding violations of information disclosure from 2017 to 2021, specifically failing to recognize revenue from franchise store renovations [5][7]. - The CSRC found that the company understated its annual revenue by percentages of 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% for the respective years [7]. - The company was fined 4 million yuan and several executives were fined a total of 4.5 million yuan for their involvement in the violations [7]. Group 2: Financial Performance - In the first half of the year, the company reported revenue of 2.82 billion yuan, a year-on-year decrease of 15.57%, and a net profit attributable to shareholders of 175 million yuan, down 40.71% year-on-year [8]. - The decline in revenue was attributed primarily to a decrease in internal sales [8].