RENDONG HOLDINGS(SZ:002647) 中国基金报·2026-01-02 13:43Core Viewpoint - *ST Rendo's subsidiary, He Libao, has been fined a total of approximately 74.88 million yuan by the People's Bank of China for violations related to payment settlement management and account management [2][5]. Group 1: Penalty Details - He Libao was found to have committed four violations during the inspection period from September 1, 2022, to July 31, 2024, including breaches of clearing management regulations and merchant management regulations [5]. - The total penalty consists of a fine of 62.80 million yuan and the confiscation of illegal gains amounting to 12.08 million yuan, leading to a total of 74.88 million yuan [5]. - This penalty is expected to significantly impact *ST Rendo's net profit for 2025, as it represents approximately 20% of the company's net profit of about 367 million yuan for the first three quarters of 2025 [5]. Group 2: Business Operations and Risks - He Libao holds a payment business license issued by the People's Bank of China and is the main operator of *ST Rendo's third-party payment business, which includes online and offline payment services [6][7]. - The renewal of He Libao's payment license is currently in a "suspended review" status due to the restructuring of its indirect controlling shareholder, Rendo Holdings, which poses a long-term survival risk for the company [6][7]. - *ST Rendo is actively communicating with regulatory authorities to resolve the issues causing the suspension and aims to submit a report for resuming the review once the situation is rectified [7].