最近，村里又开出了一个大罚单。 东方通因财务造假，被罚2.29亿，7名责任人共被罚4400万，实控人黄永军，还被禁入市场10年，东方 通也将强制退市。 来源| 是史大郎&大猫财经Pro 当然了，这些还不是最重要的，监管强调，涉及违法犯罪的线索"应移尽移"，移送公安机关，也就是 说，涉案的老板、各种"总"们，可能面临牢狱之灾了。 东方通造假，源于一场蹊跷的收购。 2018年，东方通花6亿，收购了北京泰策科技，当时争议很大，因为泰策科技净资产不到5000万，收购 价溢价12倍，这是钱多得没地花了吗？ 黄老板肯定不傻，这次收购也有对赌，4年时间净利润总额不低于2.27亿，而且原股东还要花1亿去买东 方通的股票。 *此图由AI生成 作者| 史大郎&猫哥 现在回头看，黄老板这一套造假行为完全是有预谋的，他是2018年1月才成了东方通的实控人，10个月 后搞收购，一年后搞财务造假，一点时间不浪费。 这么看，拉股价的味道很浓重。 如果这么想，真是高估黄老板了，他的方式更"简洁有力"，从2019年开始，东方通就通过这家子公司， 直接搞财务造假。 4年虚增收入4.3亿，虚增利润3.1亿，泰策科技也轻松完成了4年对赌，老股东们" ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong*) for falsifying financial data over four consecutive years, leading to potential delisting from the Shenzhen Stock Exchange [1][2]. Group 1: Company Actions and Penalties - *ST Dongtong* is facing a fine of 229 million yuan for the company and a total of 44 million yuan for seven responsible individuals, with the actual controller facing a 10-year ban from the securities market [1]. - The CSRC has initiated delisting procedures for *ST Dongtong* due to serious violations, including fraudulent issuance of stocks in 2022 [1][2]. - The company’s chairman, Huang Yongjun, has been fined 26.5 million yuan and banned from the securities market for 10 years for his role in the violations [2]. Group 2: Financial Misconduct Details - From 2019 to 2022, *ST Dongtong* inflated its revenue and profits through fictitious business activities and premature revenue recognition via its wholly-owned subsidiary, Beijing Taice Technology Co., Ltd. [2]. - The company’s 2019 to 2022 annual reports contained false financial data, which was also referenced in its 2022 fundraising prospectus, constituting fraudulent issuance [2]. Group 3: Industry Context and Regulatory Response - The capital market has seen stringent actions against financial fraud, with significant penalties imposed on other companies and individuals involved in similar misconduct, reflecting a tough regulatory stance [3]. - The regulatory environment is evolving to create a comprehensive deterrent system against financial fraud, aiming to protect investor interests and maintain market integrity [3].

Group 1 - The company reported a revenue of approximately RMB 19.9 billion for the six months ending June 30, 2025, a decrease of about 12.0% compared to the same period last year [1] - The average selling price of self-produced steel products dropped by approximately 14.5% to around RMB 2,998 per ton, while gross profit increased by about 45.9% to approximately RMB 938 million [1] - The company's net profit for the period was approximately RMB 243 million, an increase of about 97.5% compared to RMB 123 million in the same period of 2024 [1] Group 2 - Despite the continued weak downstream demand in the steel industry leading to a decline in average selling prices, the company's net profit significantly increased due to several factors [2] - Key factors contributing to the profit increase include a decline in major raw material prices, which fell faster than the prices of steel products, and the implementation of lean management strategies that reduced overall costs per ton of steel [2] - The company is actively addressing macroeconomic fluctuations and industry adjustments through innovation, green transformation, enhanced management, and a focus on high-quality development as its main operational strategy [2]

Core Viewpoint - China Oriental Group (00581) reported a decrease in revenue for the first half of 2025, but significant growth in net profit, indicating effective cost management and strategic initiatives in response to market challenges [1] Financial Performance - Revenue for the first half of 2025 was 19.86 billion yuan, a year-on-year decrease of 12% [1] - Gross profit reached 1.243 billion yuan, reflecting a year-on-year increase of 38.1% [1] - Profit attributable to equity holders was 203 million yuan, showing a year-on-year increase of 116% [1] - Basic earnings per share were 0.05 yuan [1] Factors Influencing Performance - The increase in net profit was attributed to several factors, including: - A decline in major raw material prices, which fell faster than the prices of steel products [1] - Ongoing implementation of lean management strategies, including cost reduction and procurement optimization, leading to a decrease in overall cost per ton of steel [1] Strategic Initiatives - The company is actively addressing macroeconomic fluctuations and deep industry adjustments through: - Innovation-driven approaches - Green transformation efforts - Enhanced management practices - Promotion of high-quality development as the main operational strategy [1]

Group 1 - The company reported total operating revenue of approximately 2 billion yuan for the six months ending June 30, 2025, representing a year-on-year decrease of 2.69% [1] - The net profit attributable to the shareholders of the parent company was 61.4528 million yuan, showing a year-on-year increase of 11.87% [1] - Earnings per share were reported at 0.1812 yuan [1]

Core Viewpoint - China Oriental Group (00581) announced its subsidiary Qingdao Huijintong Electric Equipment Co., Ltd. reported a total operating revenue of approximately 2 billion yuan for the six months ending June 30, 2025, representing a year-on-year decrease of 2.69% [1] - The net profit attributable to the parent company's shareholders was 61.4528 million yuan, reflecting a year-on-year increase of 11.87% [1] - Earnings per share stood at 0.1812 yuan [1] Financial Performance - Total operating revenue for the period was approximately 2 billion yuan, down 2.69% year-on-year [1] - Net profit attributable to shareholders increased to 61.4528 million yuan, up 11.87% year-on-year [1] - Earnings per share recorded at 0.1812 yuan [1]

Core Viewpoint - China Oriental Group (00581) expects to achieve a net profit of no less than RMB 220 million for the six months ending June 30, 2025, representing an increase of at least 70% compared to the net profit of approximately RMB 123 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated net profit increase is primarily attributed to a combination of factors, including a decline in the prices of major raw materials, which is decreasing at a faster rate than the decline in steel product prices [1] - The company is implementing a comprehensive lean management strategy, which includes cost reduction and efficiency improvement measures, as well as optimizing procurement management, leading to a decrease in overall cost per ton of steel [1]

Core Viewpoint - China Oriental Group (00581) expects to achieve a net profit of no less than RMB 220 million for the six months ending June 30, 2025, representing an increase of at least 70% compared to the net profit of approximately RMB 123 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories - **Financial Performance** - The anticipated net profit increase is primarily attributed to a significant drop in the prices of key raw materials, which is declining faster than the prices of steel products [1] - The company is implementing a lean management strategy, including cost reduction and efficiency improvement measures, which has led to a decrease in the overall cost per ton of steel [1]

Core Viewpoint - China Oriental Group (00581.HK) expects to record a net profit of no less than RMB 220 million for the six months ending June 30, 2025, representing an increase of at least 70% compared to the net profit of approximately RMB 123 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated increase in net profit is primarily attributed to a combination of factors, including a decline in major raw material prices, which is decreasing at a faster rate than the decline in steel product prices [1] - The company is implementing comprehensive lean management strategies, including cost reduction and efficiency enhancement, as well as optimizing procurement management, leading to a decrease in overall cost per ton of steel [1]

Group 1 - The new chairman, Yu Minhong, announced on social media that CEO Zhou Chenggang's visit to Australian prestigious schools is about to begin, seemingly refuting rumors regarding Zhou [1] - There were market rumors alleging that Zhou Chenggang was under investigation by regulatory authorities for misappropriating company interests through related party transactions, which led to a significant drop in the stock price of Oriental Selection [3] - As of August 19, the stock price of Oriental Selection (1797.HK) closed at HKD 34.32, down 20.89%, after reaching a nearly two-year high of HKD 53.7, which represented an increase of over 23.5% [3] - Zhou Chenggang and Yu Minhong, along with Oriental Selection and New Oriental Group, publicly denied the rumors, with Zhou releasing a video stating that the allegations were baseless [3][5] - Oriental Selection issued an official statement indicating that they have initiated legal proceedings against the spread of false information and will pursue the matter to the end [3]