券商中国·2025-09-26 14:06Core Viewpoint - Two A-share stocks, Meichen Technology and Xinhua Jin, are set to be marked as ST due to financial irregularities and non-compliance with regulatory requirements [1][6]. Group 1: Meichen Technology - Meichen Technology announced that it will be marked as ST due to false financial reporting in its annual reports from 2014 to 2018, resulting in a cumulative inflated revenue of 1.438 billion and inflated profit of 658 million [2][3]. - The Shandong Securities Regulatory Bureau has proposed penalties including a fine of 600,000 yuan for the company and fines ranging from 100,000 to 300,000 yuan for several individuals involved [2][3]. - The company’s stock will be suspended for one day on September 29 and will resume trading on September 30 under the new name "ST Meichen," with a trading limit of 20% [3][4]. - Despite the recent issues, Meichen Technology's stock had a significant increase of nearly 250% from April 8 to September 15, although it has recently corrected by about 20% [5]. Group 2: Xinhua Jin - Xinhua Jin will also be marked as ST due to the non-operational occupation of funds by related parties, totaling 406 million yuan, which was not rectified within the required timeframe [6][7]. - The company received a regulatory notice requiring the return of the occupied funds within six months, but as of the announcement date, the funds had not been returned [6]. - Xinhua Jin's stock will also be suspended for one day on September 29 and will resume trading on September 30 under the new name "ST Xinhua Jin," with a trading limit of 5% [6].