证监会最新发布！严肃查处！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng for suspected false financial reporting, proposing fines totaling 37.45 million yuan for the company and 42 million yuan for five responsible individuals, along with a 10-year market ban for the actual controller [1][2][4]. Financial Misconduct - *ST Yuancheng has been found to have inflated revenue and profits for three consecutive years from 2020 to 2022, violating securities laws [2][3]. - The company inflated operating costs by 158 million yuan, operating income by 209 million yuan, and total profit by 50.46 million yuan during this period [3]. - In the 2022 annual report, *ST Yuancheng reported inflated operating income of 14.16 million yuan and inflated total profit of 13.45 million yuan, which represented 4.33% and 24.60% of the disclosed amounts, respectively [3]. Regulatory Actions - The CSRC plans to impose a fine of 37.45 million yuan on *ST Yuancheng and additional fines on responsible individuals, including 28 million yuan on the actual controller [4]. - This case marks the 13th company this year facing severe penalties for financial fraud, indicating a historical high in regulatory actions [5]. Market Impact - The CSRC's crackdown on financial fraud is part of a broader effort to enhance market integrity and enforce stricter exit mechanisms for companies that engage in such practices [5][6]. - The regulatory body emphasizes a comprehensive accountability system targeting not only the companies but also their key stakeholders, including actual controllers and auditors [6].