注销备案！这家会计师事务所，痛失证券市场“蛋糕”！

Core Viewpoint - The cancellation of Yongtuo Accounting Firm's qualification to provide securities services has significant implications for the market, leading to a wave of companies changing their auditing firms and potential loss of clients for Yongtuo [2][4][6]. Group 1: Regulatory Actions - On December 16, the Ministry of Finance and the China Securities Regulatory Commission (CSRC) announced the cancellation of Yongtuo Accounting Firm's registration for securities services due to serious deficiencies in their auditing work [2][4]. - Yongtuo was found to have engaged in fraudulent activities during audits for companies like Hongda Xingye, including fabricating audit adjustments and altering financial statements [6][5]. Group 2: Market Reactions - Following the regulatory actions, approximately 20 listed companies initiated the process to change their auditing firms this year, with 9 of these changes occurring in December alone [2][8]. - Notably, two of Yongtuo's clients, *ST Shengxun and *ST Jingang, announced their decision to switch to other accounting firms on December 15 [8]. Group 3: Financial Impact - Yongtuo's total revenue for 2024 was reported at 323 million yuan, with securities business revenue accounting for 131 million yuan [8]. - The firm had 30 listed company clients at the end of 2024, primarily in the pharmaceutical and specialized equipment manufacturing sectors [8]. Group 4: Client Transition - As of December 16, 12 other accounting firms have taken over Yongtuo's clients, with Zhongshen Zhonghuan Accounting Firm taking the most, handling 6 clients [9]. - The loss of clients is compounded by a significant reduction in Yongtuo's workforce, with a decrease of nearly 16% in registered accountants, from 350 to 295 [9].