Core Viewpoint - Jiaao Environmental has received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau due to false records in its annual reports for 2022 and 2023, resulting in a fine of 5.5 million yuan and penalties for two former executives totaling 4.5 million yuan [1] Group 1: Regulatory Actions - The company will have its stock suspended on December 10 and will be subject to risk warnings starting December 11, with its abbreviation changed to "ST Jiaao" [1] - This is not the first regulatory issue for Jiaao Environmental, as it faced penalties in May 2021 for inflated revenue and understated net profit in its 2019 annual report, leading to a fine of 1 million yuan [1] Group 2: Financial Performance - The company has experienced significant fluctuations in its operating performance, with net losses reported for three consecutive years from 2022 to 2024, amounting to 32.44 million yuan, 7.54 million yuan, and 367 million yuan respectively [1] - Despite a substantial year-on-year revenue increase of 189.39% to 3.005 billion yuan in the first three quarters of this year, the net loss attributable to shareholders narrowed to 25.366 million yuan [1] Group 3: Shareholder Information - As of the end of the third quarter, Xinda Aoya Fund has two products listed among the top ten circulating shareholders of the company, holding a total of 2.1272 million shares, valued at approximately 180 million yuan based on the closing price on December 9 [1] - The Xin'ao Cycle Power Mixed Fund increased its holdings by 312,300 shares in the third quarter, bringing its total to 1.1583 million shares, representing 1.51% of circulating shares [2] - The Xin'ao Craft Return Mixed Fund entered the top ten circulating shareholders with 968,900 shares, accounting for 1.26% of circulating shares [2]

Group 1 - The core issue is that Jiaao Environmental (603822) has received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau due to false disclosures in its annual reports for 2022 and 2023, resulting in a fine of 5.5 million yuan, with two former executives fined a total of 4.5 million yuan [1] - The company's stock will be suspended from trading on December 10 and will be subject to risk warnings starting December 11, with its abbreviation changed to "ST Jiaao" [1] - This is not the first regulatory issue for Jiaao Environmental, as it previously faced penalties for failing to consolidate overseas entities and not offsetting related transactions, which led to inflated revenue of approximately 179 million yuan and a net profit reduction of 936,100 yuan in its 2019 annual report [1] Group 2 - Jiaao Environmental has experienced significant fluctuations in its operating performance, with net losses reported for three consecutive years from 2022 to 2024, amounting to losses of 32.44 million yuan, 7.54 million yuan, and 367 million yuan respectively [1] - Despite a substantial year-on-year revenue increase of 189.39% to 3.005 billion yuan in the first three quarters of this year, the company's net profit loss narrowed to 25.366 million yuan [1] - As of the end of the third quarter, Xinda Ao Ya Fund holds two products among the top ten circulating shareholders of Jiaao Environmental, with a total holding of 2.1272 million shares valued at 180 million yuan based on the closing price on December 9 [1] Group 3 - Xinda Ao Ya Fund's "Xinao Cycle Power Mixed Fund" increased its holdings by 312,300 shares in the third quarter, bringing its total to 1.1583 million shares, which represents 1.51% of the circulating shares [2] - The "Xinao Craft Return Mixed Fund" entered the top ten circulating shareholders for the first time, holding 968,900 shares, accounting for 1.26% of the circulating shares [2]

Core Viewpoint - Jiaao Environmental (603822.SH) has been found to have falsified financial data in its 2022 and 2023 annual reports, resulting in a cumulative inflated net profit of 25.6996 million yuan, leading to regulatory penalties and a change in stock status to "ST Jiaao" [2][5] Financial Misconduct - The China Securities Regulatory Commission (CSRC) issued a notice regarding Jiaao Environmental's suspected information disclosure violations, leading to an administrative penalty [3] - The financial misconduct was attributed to improper accounting treatment of a core project by its wholly-owned subsidiary, which failed to transfer a completed project to fixed assets, resulting in inflated profits for 2022 and 2023 [4] Financial Data Adjustments - In 2022, Jiaao Environmental reduced operating costs by 13.4442 million yuan and financial expenses by 5.7675 million yuan, inflating total profit by 19.2117 million yuan, which was 28.91% of the reported profit [4] - In 2023, the company reduced operating costs by 13.5582 million yuan, inflating total profit by 13.5582 million yuan, which was 63.72% of the reported profit, and net profit turned from a loss to a profit [4] Regulatory Actions - The Zhejiang Securities Regulatory Bureau proposed a warning and a fine of 5.5 million yuan for Jiaao Environmental, with additional fines for the chairman and CFO for their roles in the misconduct [5] - Jiaao Environmental has submitted a written rectification report to the regulatory authority and has made adjustments to its financial statements for 2022 and 2023 [7] Financial Performance - Jiaao Environmental reported a revenue of 3.211 billion yuan in 2022, a 67.59% increase, but incurred a net loss of 32.4401 million yuan, a 131.79% decline [8] - In 2023, revenue decreased by 16.98% to 2.666 billion yuan, with a net loss of 7.5402 million yuan [8] - For 2024, the company reported revenue of 1.274 billion yuan, a 52.23% decline, and a net loss of 367 million yuan [8] Industry Context - The industry is currently facing challenges, with over 60% of companies experiencing losses, influenced by rising raw material costs and increased competition [9] - The key to short-term profitability for Jiaao Environmental lies in accelerating the production capacity of its new bio-jet fuel business and controlling costs [9]

因涉嫌财务造假，又有两家A股公司股票将被实施其他风险警示。 惠伦晶体：虚增成本费用、虚增收入 12月9日晚，广东惠伦晶体（300460）科技股份有限公司（以下简称"惠伦晶体"）公告称，公司及相关当事人于12月9日收到广东证监局下发的《行政 处罚事先告知书》。惠伦晶体披露的2021年、2022年年度报告存在虚假记载，根据相关规定，公司股票自2025年12月11日起被正式实施其他风险警 示，股票简称由"惠伦晶体"变更为"ST惠伦"。 告知书显示，经查明，惠伦晶体、惠伦晶体实控人赵积清涉嫌信息披露违法违规的事实涉及未按规定披露资金占用事项，虚增成本费用、虚增收入 等。广东证监局拟决定，对惠伦晶体公司责令改正，给予警告，并处以300万元罚款；对赵积清等5名当事人给予警告，合计处以840万元罚款。 具体来看，2020年，惠伦晶体以采购设备及材料、预付工程款等名义向东莞市某科技有限公司等7家公司支出款项，并最终划转至控股股东新疆惠伦及 赵积清本人等关联方银行账户，用于归还新疆惠伦股权质押款及赵积清个人借款。 上述关联方非经营性资金往来构成关联方对公司的资金占用，2020年累计发生额为2833万元，期末余额为2663万元。 ...

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) has suspended trading of Da Shan Education Holdings Limited due to serious allegations of financial misconduct, including the significant exaggeration of bank balances [1][2] Group 1: Allegations and Findings - The SFC discovered major discrepancies between bank statements provided by Da Shan and those obtained independently, particularly missing records of circular fund flows returning to the company [1][2] - Da Shan's bank balances were found to be overstated by RMB 36.4 million and RMB 76.3 million as of June 30, 2023, and December 31, 2023, respectively, representing 19% and 55% of the reported net asset value [1][2] - The SFC suspects that the software development and UK acquisition transactions may not be genuine and that Da Shan submitted forged bank statements to conceal suspicious fund flows [1][2] Group 2: Management Integrity Concerns - The integrity of Da Shan's management, particularly Executive Director Zhang Hongjun, has come under scrutiny, raising questions about the reliability of internal controls and accounting systems [1][2] - There are concerns that the resumption of trading in September 2024 was based on misleading information provided by Da Shan, leading to doubts about compliance with the stock exchange's resumption guidelines [2]

此次处罚源于2025年4月，公司及实控人赵积清因涉嫌信披违规被证监会立案调查。实际上，在调查开 始前，赵积清已于2024年12月和2025年3月先后辞去公司总经理和董事长职务，逐步淡出管理层。近年 来，其曾两度筹划转让公司控制权，但均未成功。 登录新浪财经APP 搜索【信披】查看更多考评等级 12月9日晚间，广东惠伦晶体（维权）科技股份有限公司（300460.SZ）发布多份公告，披露公司收到广 东证监局的《行政处罚事先告知书》。因涉及2020年至2022年期间的资金占用及财务造假等多项信息披 露违法违规行为，公司股票自12月11日开市起被实施其他风险警示，股票简称变更为"ST惠伦"。这标 志着这家曾被誉为国内石英晶体元器件行业领先企业的公司，正式因自身违规行为被烙上特殊印记。 违规事实：从资金占用到系统性造假 根据广东证监局查明的事实，惠伦晶体的违法违规行为并非孤立事件，而是一条跨越三年的完整链条。 调查显示，2020年，惠伦晶体以采购设备、预付工程款等名义，向7家外部公司支付款项，资金最终被 划转至控股股东及实控人赵积清的关联方账户，用于归还股权质押款及个人借款。当年资金占用累计发 生额2833万元，期末余 ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 一、财务造假拟被处罚 12月9日晚，惠伦晶体（维权）发布公告，收到广东证监局下发的《行政处罚事先告知书》，虚构上亿 营收，为掩盖数千万资金占用而伪造财务报表，上市10年的公司正面临严峻的投资者诉讼潮。 公司还公告，股票自2025年12月10日停牌一天，12月11日复牌后将被冠以ST，这是监管部门对长达五 年财务造假的最终定性和处罚。 广东证监局查明的违法事实包括三方面：未按规定披露资金占用事项、虚增成本费用以及虚增收入。这 些违法行为共同构成了一个完整的"资金占用—造假掩盖—持续违规"违法链条。 上海沪紫律师事务所刘鹏律师表示自被立案之后，投资者的索赔材料正不断提交至广州中院。最终赔偿 范围将取决于法院如何认定虚假陈述与投资者损失之间的因果关系。（刘鹏律师专栏） 现索赔条件更新为：于2021年4月23日-2025年4月24日（含当日）期间买入，并在2025年4月25日之后卖 出或仍持有而亏损的可加 ...

（原标题：惠伦晶体将被ST，涉嫌财务造假） 南方财经记者 程浩 东莞报道 12月9日晚，惠伦晶体公告称，公司及实控人赵积清等多名当事人收到来自中国证券监督管理委员会广 东监管局（以下简称"广东证监局"）的《行政处罚事先告知书》。 告知书显示，经查明，惠伦晶体、赵积清涉嫌信息披露违法违规的事实涉及未按规定披露资金占用事 项，虚增成本费用、虚增收入等，致使公司2021年、2022年年度报告虚假记载等行为 ，广东证监局拟 决定对惠伦晶体公司责令改正，给予警告，并处以300万元罚款；对赵积清等5名当事人给予警告，合计 处以840万元罚款。 惠伦晶体股票自12月10日开市起停牌1天，12月11日复牌后被实施其他风险警示。其股票简称变更为ST 惠伦，日涨跌幅限制不变，仍为20%。 为掩盖控股股东、实控人资金占用导致业绩造假 石英晶体作为各种优质的选频、稳频和时基标准，是电子学、通信工程、计算机、航空航天及消费类电 子产品中必不可少的元器件，被誉为电子整机的"心脏"。 惠伦晶体是一家专业从事石英晶体元器件系列产品研发、生产和销售的高新技术企业，专注压电石英晶 体频率元器件行业超20年，是国家专精特新"小巨人"、广东省级制造 ...

嘉澳环保财报造假被"ST"，信达澳亚基金或踩雷 深圳商报·读创客户端记者 陈燕青 19日晚间，嘉澳环保公告称，公司当日收到浙江证监局下发的《行政处罚事先告知书》。由于公司2022 年、2023年连续两年年报存在虚假记载，公司将被处以550万元罚款，两名时任高管合计被罚450万元， 公司股票12月10日停牌，11日起实施其他风险警示，简称变更为"ST嘉澳"。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 本次处罚并不是嘉澳环保的首次违规，此前已因信披问题受监管关注。2021年5月，公司因为未合并境 外主体及未抵销关联交易导致2019年年报虚增营业收入约1.79亿元，虚减净利润93.61万元，被证监会罚 款100万元。 嘉澳环保近年来经营业绩波动剧烈。财报数据显示，2022年至2024年，公司净利润连续三年亏损，分别 亏损3244万元、754万元和3.67亿元。尽管今年前三季度公司营收同比大幅增长189.39%至30.05亿元， 归母净利润亏损收窄至2536.6万元，但此次财务造假曝光无疑给公司蒙上巨大的阴影。 值得一提的是，三季报显示，截至三季度末，信达澳亚基金有两个产品位列公司前十大流 ...

【导读】连续两年财务造假，嘉澳环保遭行政处罚，将被 ST 中国基金报记者 夏天 12 月 9 日晚间， 嘉 澳环 保（证券代码： 603822 ）公告称，公司于当日收到浙江证监局 下发的《行政处罚事先告知书》，因 2022 年和 2023 年年度报告财务指标存在虚假记载， 公司及相关责任人将面临警告、罚款的行政处罚。 同时，根据上交所相关规定，公司股票将于 12 月 10 日开市起停牌一天，并自 12 月 11 日 被实施其他风险警示，股票简称由 " 嘉澳环保 " 变更为 "ST 嘉澳 " ，股票交易日涨跌幅限 制由 10% 变更为 5% 。 嘉澳环保曾在 6 月 24 日公告称，公司收到中国证监会下发的《立案告知书》，因 涉嫌信息 披露违法违规 ，中国证监会决定对公司立案调查。 经过近半年的调查，浙江证监局查明，嘉澳环保涉嫌违法的事实如下： 截至 2021 年 12 月，嘉澳环保子公司济宁嘉澳鼎新环保新材料有限公司年产 20000 吨环保 增塑剂项目（以下简称环保增塑剂项目）试生产结束，已通过项目安全设施竣工验收和项目 竣工环境保护验收，并取得《安全生产许可证》，但未按规定及时将上述环保增塑剂项目结 转至固 ...