2025.11.25 本文字数：2447，阅读时长大约4分钟 作者 |第一财经 周楠 针对上市公司的强监管持续进行，又有一批A股公司被立案或吃罚单。 11月24日晚间，龙佰集团（002601.SZ）、东江环保（002672.SZ）、*ST创兴（600193.SH）均公告称， 公司或子公司收到行政处罚。其中，*ST创兴被查明存在财务数据虚假记载、关联交易披露不实，公司 及9名相关责任人被出具警示函。 厦门绿洲此次被罚事发偷税。披露显示，该公司于2015年9月至10月期间，向个人销售方收购旧家电， 取得销售方以外的第三方开具的增值税专用发票350份，认证抵扣税额385.56万元，列支主营业务成本 2268.02万元，造成少缴税款，已构成偷税。 最终，厦门绿洲被处以所偷税款的0.5倍罚款，合计202.42万元。 另一家披露罚单的上市公司*ST创兴，涉及年报虚假记载、关联交易信息披露不实。 几天前，就有多家公司被集中立案或处罚。公告显示，21日晚间，豪尔赛（002963.SZ）、聚石化学 （688669.SH）披露了立案公告，嘉应制药（002198.SZ）等公司收到行政处罚决定。 另据第一财经初步统计，月内，已有超1 ...

2025.11. 25 本文字数：2447，阅读时长大约4分钟 作者 | 第一财经 周楠 针对上市公司的强监管持续进行，又有一批A股公司被立案或吃罚单。 11月24日晚间，龙佰集团（002601.SZ）、东江环保（002672.SZ）、*ST创兴（600193.SH）均 公告称，公司或子公司收到行政处罚。其中，*ST创兴被查明存在财务数据虚假记载、关联交易披露不 实，公司及9名相关责任人被出具警示函。 几天前，就有多家公司被集中立案或处罚。公告显示，21日晚间，豪尔赛（002963.SZ）、聚石化学 （688669.SH）披露了立案公告，嘉应制药（002198.SZ）等公司收到行政处罚决定。 另据第一财经初步统计，月内，已有超10家A股公司被立案或处罚，涉及多家ST公司，如*ST长药 （300391.SZ）、ST天圣（002872.SZ）、ST东尼（603595.SH）。 接近监管部门的人士告诉记者："对有问题的上市公司'早发现、快惩处、严纠正'，既有利于投资者保 护，也一定程度上挽救了企业。" 上述人士同时表示，给予ST公司一年观察期，即对该类企业给予12个月的整改期限，整改期满后可向 交易所提交撤销ST申 ...

针对上市公司的强监管持续进行，又有一批A股公司被立案或吃罚单。 11月24日晚间，龙佰集团（002601.SZ）、东江环保（002672.SZ）、*ST创兴（600193.SH）均公告称， 公司或子公司收到行政处罚。其中，*ST创兴被查明存在财务数据虚假记载、关联交易披露不实，公司 及9名相关责任人被出具警示函。 几天前，就有多家公司被集中立案或处罚。公告显示，21日晚间，豪尔赛（002963.SZ）、聚石化学 （688669.SH）披露了立案公告，嘉应制药（002198.SZ）等公司收到行政处罚决定。 另据第一财经初步统计，月内，已有超10家A股公司被立案或处罚，涉及多家ST公司，如*ST长药 （300391.SZ）、ST天圣（002872.SZ）、ST东尼（603595.SH）。 接近监管部门的人士告诉记者："对有问题的上市公司'早发现、快惩处、严纠正'，既有利于投资者保 护，也一定程度上挽救了企业。" 上述人士同时表示，给予ST公司一年观察期，即对该类企业给予12个月的整改期限，整改期满后可向 交易所提交撤销ST申请，这类举措有助于使ST企业重拾市场信任。 *ST创兴及多名责任人齐收罚单 上述最新披露处 ...

Core Viewpoint - Yonghui Supermarket has received a warning letter from the Sichuan Securities Regulatory Bureau due to non-compliance with disclosure regulations regarding shareholding changes in Hongqi Chain [1][2] Group 1: Regulatory Issues - Yonghui Supermarket was warned for failing to timely disclose a reduction in its shareholding in Hongqi Chain from 11% to 10% during a specified period in April 2025 [1] - The company acknowledged the violation and committed to enhancing training on relevant laws and regulations to maintain market order [1][2] - The company had previously reported its status as a major shareholder of Hongqi Chain and the actions taken to rectify the situation, including repurchasing shares and paying the price difference to Hongqi Chain [2] Group 2: Management Changes - The company announced that due to the absence of a CEO, the board authorized a reform leadership group to assume CEO responsibilities until a new CEO is appointed [4] - On September 18, the board approved the appointment of Wang Shoucheng as the new CEO [4] Group 3: Financial Performance - Yonghui Supermarket reported a revenue of 29.948 billion yuan for the first half of 2025, a year-on-year decline of 20.73%, and a net loss attributable to shareholders of 241 million yuan [4] - The company has experienced continuous losses over the past four years, totaling 9.5 billion yuan [4] - The decline in revenue was attributed to the closure of 227 unprofitable stores, despite significant revenue increases from adjusted stores [4][5]

Core Viewpoint - Yonghui Supermarket received a warning letter from the Sichuan Securities Regulatory Bureau for failing to timely disclose changes in shareholding after reducing its stake in Hongqi Chain [1] Group 1: Regulatory Actions - The Sichuan Securities Regulatory Bureau issued a warning letter to Yonghui Supermarket due to non-compliance with the disclosure requirements outlined in the "Measures for the Administration of the Acquisition of Listed Companies" [1] - The company reduced its stake in Hongqi Chain from 11% to 10% by selling 13.6 million shares between April 21 and April 24, 2025, without timely reporting the change [1] Group 2: Compliance Issues - Yonghui Supermarket failed to disclose the equity change report until July 21, 2025, which is a violation of the regulations [1] - The actions of the company have been recorded in the securities and futures market integrity database as part of the regulatory measures taken [1]

Core Viewpoint - Yonghui Supermarket has received a warning letter from the Sichuan Regulatory Bureau of the China Securities Regulatory Commission due to non-compliance with disclosure regulations regarding shareholding changes [1] Summary by Relevant Sections Company Actions - In 2017, the company acquired shares of Chengdu Hongqi Chain Co., Ltd. through a transfer agreement, becoming a shareholder with over 5% ownership [1] - Between April 21 and April 24, 2025, the company reduced its stake in Hongqi Chain by selling 13.6 million shares, decreasing its ownership from 11% to 10% [1] Regulatory Compliance - The company failed to timely disclose the change in shareholding when it fell below the 5% threshold, only reporting the change on July 21, 2025 [1] - This action was found to violate Article 13, Paragraph 2 of the "Measures for the Administration of the Acquisition of Listed Companies" [1] - As a result, the regulatory authority decided to issue a warning letter as an administrative regulatory measure against the company [1]

Core Viewpoint - *ST Lingda has been penalized by the Dalian Securities Regulatory Bureau for violations related to undisclosed external guarantees and related party fund occupation, resulting in a total fine of 5 million yuan for the company and its executives [1][4]. Summary by Relevant Sections Violations - *ST Lingda and its executives, including Chairman Wang Mingsheng and Vice Chairman Lin Zhihuang, failed to disclose external guarantee matters and related party fund occupation as required [2][3]. - The company’s wholly-owned subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., provided guarantees for bank acceptance bills totaling 126 million yuan, which accounted for 19.10% of the company's latest audited net assets [2]. - The total amount of related party fund occupation reached 65.6 million yuan, representing 9.95% of the company's latest audited net assets [3]. Regulatory Actions - The Dalian Securities Regulatory Bureau issued a formal investigation notice to *ST Lingda in late 2024, followed by an administrative penalty notice in August 2023 [4][5]. - The regulatory body emphasized strict supervision and rapid response to violations, leading to the return of all occupied funds by related parties and the cancellation of illegal guarantees [5]. Future Oversight - The Dalian Securities Regulatory Bureau plans to enhance continuous supervision of listed companies through compliance training and case warnings to improve the compliance awareness of key personnel [6]. - The bureau remains committed to strict enforcement against financial fraud and fund occupation to ensure high-quality development of the capital market [6].

Group 1 - The core issue is that 聚合顺新材料股份有限公司 was fined 5,000 RMB for failing to maintain fire safety equipment and signage, which was identified during an inspection on June 6, 2025 [1][2] - The company was found to have committed a minor violation under the Fire Protection Law of the People's Republic of China, specifically Article 60, Paragraph 1, Item 1 [1][2] - The company was established on November 1, 2013, in Hangzhou, Zhejiang Province, with a registered capital of 315.547 million RMB, and specializes in the research, production, and sales of nylon 6 chips [2] Group 2 - On September 20 and September 26, 2024, the company used 90 million RMB of idle raised funds for cash management without timely disclosure, violating regulatory requirements [4] - The company’s chairman, general manager, and former secretary failed to ensure compliance with fundraising and disclosure obligations, leading to a warning letter issued by the regulatory authority [4]

Core Viewpoint - Recent investigations and detentions of executives from multiple listed companies highlight the regulatory authorities' commitment to maintaining market order and addressing illegal activities within the corporate sector [1][7]. Group 1: Company Investigations - Xi Ling Information announced that its general manager, Yue Yamei, is under investigation by the Alashankou Municipal Supervisory Committee [1]. - Kesi Technology disclosed that its actual controller, Liu Jiande, is also under detention and investigation [1]. - Dameng Data reported that its director and general manager, Pi Yu, is under investigation and detention by the Hubei Province Supervisory Committee [1]. - Yaqi International's chairman, Guo Baichun, has been arrested on charges of embezzlement and abuse of power [1]. Group 2: Financial Performance and Challenges - Xi Ling Information has faced significant financial difficulties, with net profits from 2020 to 2024 showing losses of -136 million, -85 million, -61 million, -40 million, and -61 million yuan, totaling nearly 400 million yuan in cumulative losses [3]. - The company has been struggling since 2020, indicating severe challenges to its survival [3]. Group 3: Shareholding Changes - As of mid-2025, the combined shareholding of the controlling couple, He Kaiwen and Yue Yamei, is 32.69%, with plans for a change in control [4]. - He Kaiwen plans to transfer 36.38 million shares (19.00% of total shares) to Shanghai Shengxun, while both He and Yue will transfer 11.59 million shares (6.06% of total shares) to Shanghai Jinzongyi [4]. - The total transaction price for these share transfers is approximately 721 million yuan, with a share price of 15.02 yuan [4]. Group 4: Regulatory Environment - Since 2025, at least 20 listed companies have had their actual controllers, chairpersons, or general managers detained or investigated, reflecting a stringent regulatory environment [7]. - The regulatory authorities have shown a commitment to addressing serious violations, with a notable increase in penalties and investigations targeting key individuals within companies [9].

Group 1 - The Shanghai Stock Exchange (SSE) reported a significant increase in disciplinary actions in 2021, with a total of 185 disciplinary actions taken, representing a year-on-year increase of approximately 36% [1] - The SSE imposed disciplinary actions on 126 issuers and 656 related regulatory subjects, marking a year-on-year increase of about 15% [1] - The SSE publicly condemned and recognized unqualified personnel in over 50 cases related to serious violations such as financial fraud and fund occupation, showing a year-on-year increase of around 20% [1] Group 2 - The SSE focused on strict regulation of listed companies, particularly in cases of financial fraud, with 4 cases of financial fraud information disclosure being processed, resulting in public condemnation of 4 companies and disciplinary actions against 54 responsible individuals [2] - The SSE addressed over 20 cases of inaccurate financial information disclosure and facilitated the resolution of fund occupation and illegal guarantee issues for over 70 companies, involving amounts exceeding 57 billion [2] - The SSE implemented strict new delisting rules, with 14 companies delisted in 2021, including 8 forced delistings, and issued delisting risk warnings to 42 companies that triggered relevant delisting indicators after annual report disclosures [2] Group 3 - The SSE emphasized the prevention of market irregularities in the Sci-Tech Innovation Board, implementing strict information disclosure responsibilities for issuers and intermediary institutions [3] - In 2021, the SSE took disciplinary actions in 6 cases and regulatory measures in 10 cases, mainly addressing issues such as inaccurate information disclosure and non-compliance by core technical personnel [3] - The SSE also addressed issues related to underwriting and pricing, implementing 19 regulatory measures against 11 offline investors and 3 underwriting institutions [3] Group 4 - The SSE intensified efforts against malicious violations in the bond market, processing 3 cases related to "debt evasion" and imposing 46 disciplinary actions for violations of periodic report disclosures [4] - A total of 88 individuals were disciplined for their responsibilities in bond issuance and reporting violations [4] - The SSE aims to enhance its regulatory capabilities and maintain market order while protecting investors' legitimate rights and interests [4]