300237，虚增超6亿元利润，将被“ST”

Core Viewpoint - Meichen Technology (300237) will be marked as "ST" starting September 30 due to false disclosures in its annual reports from 2014 to 2018, leading to a significant overstatement of revenue and profits [1][3]. Summary by Sections Company Announcement - Meichen Technology announced on September 26 that its stock will be subject to risk warning, changing its name to "ST Meichen" while retaining the stock code 300237. The trading limit remains at 20% [1][3]. Financial Misstatements - The company disclosed that from 2014 to 2018, it inflated revenue by a total of 1.438 billion yuan and profits by 658 million yuan through various fraudulent activities, including false procurement and sales [4]. - The specific annual figures for inflated revenue are as follows: - 2014: 23.66 million yuan (2.06% of reported revenue) - 2015: 373 million yuan (20.67%) - 2016: 726 million yuan (24.60%) - 2017: 215 million yuan (5.53%) - 2018: 101 million yuan (2.88%) [4]. - The inflated profit figures for the same years are: - 2014: 22.93 million yuan (17.91% of reported profit) - 2015: 189 million yuan (75.64%) - 2016: 260 million yuan (49.78%) - 2017: 117 million yuan (15.49%) - 2018: 69.49 million yuan (15.58%) [4]. Regulatory Actions - The company received an administrative penalty notice from the Shandong Regulatory Bureau of the China Securities Regulatory Commission regarding these violations [3][4]. - Another company, Xinhua Jin (600735), will also be marked as "ST" due to non-operational fund occupation, with a balance of 406 million yuan that has not been repaid [5].