Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng (603388) for falsifying financial data over three consecutive years, leading to potential delisting from the Shanghai Stock Exchange [1][2] Group 1: Administrative Penalties - *ST Yuancheng is facing a fine of 37.45 million yuan for the company and a total of 42 million yuan for five responsible individuals [1] - The actual controller of *ST Yuancheng will be banned from the securities market for 10 years [1] - The CSRC will transfer any criminal evidence to the public security authorities for further investigation [1] Group 2: Company Background and Financials - *ST Yuancheng was established in 1999 and is headquartered in Hangzhou, Zhejiang [2] - For the first half of 2025, the company's revenue composition is as follows: 97.39% from engineering construction and greening maintenance, 2.04% from landscape design, 0.41% from information services and others, and 0.16% from other sources [2] - As of October 10, *ST Yuancheng's total market value is 537 million yuan [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Yuancheng for suspected false reporting of financial data, revealing that the company inflated revenue and profits for three consecutive years [1] Group 1: Company Actions - *ST Yuancheng is facing a proposed fine of 37.45 million yuan for the company itself and a total of 42 million yuan for five responsible individuals [1] - The actual controller of *ST Yuancheng is subject to a 10-year ban from the securities market [1] Group 2: Regulatory Response - The Shanghai Stock Exchange will initiate delisting procedures for *ST Yuancheng due to serious violations that may lead to mandatory delisting [1] - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [1]

证监会表示，对于可能涉及的犯罪线索，证监会将坚持应移尽移的工作原则，严格按照《刑法》《最高 人民检察院 公安部关于公安机关管辖的刑事案件立案追诉标准的规定(二)》的规定移送公安机关。 智通财经APP获悉，近日，证监会对上交所主板上市公司元成环境股份有限公司(简称*ST元成， 603388.SH)涉嫌定期报告等财务数据存在虚假记载作出行政处罚事先告知。经查，*ST元成连续三年虚 增收入和利润，违反证券法律法规。证监会拟对上市公司罚款3745.46万元，对5名责任人员合计罚款 4200万元，对实际控制人采取10年证券市场禁入。*ST元成涉嫌触及重大违法强制退市情形，上交所将 依法启动退市程序。 ...

*ST元成涉嫌触及重大违法强制退市情形，上交所将依法启动退市程序。对于可能涉及的犯罪线索，我 会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院 公安部关于公安机关管辖的刑事 案件立案追诉标准的规定（二）》的规定移送公安机关。(智通财经APP) #*ST元成财务造假公司及5责任人被罚近8000万#【#证监会严肃查处*ST元成严重财务造假案件#】证监 会通报：证监会近日对上交所主板上市公司元成环境股份有限公司（简称*ST元成）涉嫌定期报告等财 务数据存在虚假记载作出行政处罚事先告知。经查，*ST元成连续三年虚增收入和利润，违反证券法律 法规。我会拟对上市公司罚款3745.46万元，对5名责任人员合计罚款4200万元，对实际控制人采取10年 证券市场禁入。 ...

证监会网站 近日，我会对上交所主板上市公司元成环境股份有限公司（简称*ST元成（维权））涉嫌定期报告等财务数据存在虚假记载作出行政处罚事先 告知。经查，*ST元成连续三年虚增收入和利润，违反证券法律法规。我会拟对上市公司罚款3745.46万元，对5名责任人员合计罚款4200万 元，对实际控制人采取10年证券市场禁入。*ST元成涉嫌触及重大违法强制退市情形，上交所将依法启动退市程序。对于可能涉及的犯罪线 索，我会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院 公安部关于公安机关管辖的刑事案件立案追诉标准的规定 （二）》的规定移送公安机关。 网站截图 ...

经查，*ST元成连续三年虚增收入和利润，违反证券法律法规。证监会拟对上市公司罚款3745.46万元， 对5名责任人员合计罚款4200万元，对实际控制人采取10年证券市场禁入。 *ST元成涉嫌触及重大违法强制退市情形，上交所将依法启动退市程序。对于可能涉及的犯罪线索，证 监会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院 公安部关于公安机关管辖的刑 事案件立案追诉标准的规定（二）》的规定移送公安机关。 据证监会网站，近日，证监会对上交所主板上市公司元成环境股份有限公司（简称*ST元成）涉嫌定期 报告等财务数据存在虚假记载作出行政处罚事先告知。 ...

经查 ， *ST 元成连续三年虚增收入和利润，违反证券法律法规 。证监 会拟对上市公司罚款3745.46 万元，对5名责任人员合计罚款4200万元，对实际控制人采取10年证券市场禁入。 *ST元成 涉嫌 触及重大违法强制退市情形，上交所将依法启动退市程序。对于可能涉及的犯罪线索， 证监会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院 公安部关于公安机关管辖的 刑事案件立案追诉标准的规定（二）》的规定移送公安机关。 据证监会网站， 近日，证监会对上交所主板上市公司元成环境股份有限公司 （ 简称 *ST元成 ） 涉 嫌定期报告等财务数据存在虚假记载 作出行政处罚事先告知 。 ...

编辑：罗浩 新华财经北京10月10日电 证监会消息，近日，证监会对上交所主板上市公司元成环境股份有限公司 （简称*ST元成）涉嫌定期报告等财务数据存在虚假记载作出行政处罚事先告知。经查，*ST元成连续 三年虚增收入和利润，违反证券法律法规。证监会拟对上市公司罚款3745.46万元，对5名责任人员合计 罚款4200万元，对实际控制人采取10年证券市场禁入。*ST元成涉嫌触及重大违法强制退市情形，上交 所将依法启动退市程序。对于可能涉及的犯罪线索，证监会将坚持应移尽移的工作原则，严格按照《刑 法》《最高人民检察院 公安部关于公安机关管辖的刑事案件立案追诉标准的规定（二）》的规定移送 公安机关。 ...

Core Viewpoint - Luqiao Information's financial performance is suspected to have significant accounting errors, raising questions about potential financial fraud [1] Company Overview - Luqiao Information, established on July 26, 2001, officially listed on the Beijing Stock Exchange on August 16, 2023. The company specializes in providing information technology products and solutions for the transportation sector using AI, IoT, big data, and cloud computing [2] Financial Reporting Issues - The company has received regulatory penalties and has made significant corrections to its financial reports, including the 2023 Annual Report and various quarterly reports for 2024 and 2025 [2] - The adjustments indicate major discrepancies, with 2024 net profit revised from 22.48 million to 3.39 million, a decrease of 84.91%, and 2023 net profit adjusted from 21.58 million to 8.57 million, a decline of 60.29% [3] Regulatory Actions - The Xiamen Securities Regulatory Bureau identified Luqiao Information's financial misrepresentation as a violation of the Securities Law and the Information Disclosure Management Measures, leading to corrective measures and a record in the integrity file [4] Management Changes - The company experienced significant management turnover just before the regulatory penalties, with both the chairman and general manager resigning for personal reasons [8] Revenue Recognition Anomalies - Luqiao Information's revenue recognition practices have raised concerns, particularly with a significant portion of revenue being recognized in the fourth quarter, which is atypical compared to peers [10] - In 2024, the company's fourth-quarter revenue accounted for 57.68% of total revenue, while competitors had lower percentages [10] Declining Financial Performance - The company reported a 53.64% year-on-year decline in revenue for the first half of 2025, with significant drops in various segments, including a 84.84% decrease in rail transit revenue [12][13] - The company faces risks related to market concentration, with 60.36% of revenue coming from Xiamen and 82.33% from Fujian, indicating vulnerability to regional market fluctuations [14]

Group 1 - The core issue involves *ST Yuancheng's continuous inflation of revenue and profits over three years, violating securities laws and regulations [2] - The company is facing a proposed fine of 37.4546 million yuan, with an additional total fine of 42 million yuan for five responsible individuals [2] - The actual controller of *ST Yuancheng is subject to a 10-year ban from the securities market due to the violations [2] Group 2 - The Shanghai Stock Exchange will initiate delisting procedures for *ST Yuancheng as it is suspected of major illegal activities [2] - The regulatory body will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [2]