Core Viewpoint - ST Juewei (603517.SH) has faced significant stock price declines following the issuance of a risk warning and administrative penalty by the China Securities Regulatory Commission (CSRC) due to violations in information disclosure [2][3]. Group 1: Regulatory Actions - ST Juewei's stock was placed under risk warning and its name changed to "ST Juewei" after receiving an administrative penalty notice from the CSRC [2][3]. - The CSRC's notice indicated that Juewei Food had failed to recognize revenue from franchise store renovation services from 2017 to 2021, leading to understated annual revenue reports by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% for the respective years [3]. Group 2: Financial Performance - In the first half of the year, Juewei Food reported revenue of 2.82 billion yuan, a year-on-year decrease of 15.57%, and a net profit attributable to shareholders of 175 million yuan, down 40.71% year-on-year [4]. - The company attributed the decline in revenue primarily to a decrease in internal sales [4].

Core Viewpoint - ST Juewei (603517.SH) has faced significant stock price decline due to regulatory penalties related to information disclosure violations, leading to a change in its stock designation to "ST Juewei" [3][4]. Group 1: Regulatory Issues - The company received an "Administrative Penalty Notice" from the China Securities Regulatory Commission (CSRC) regarding violations of information disclosure from 2017 to 2021, specifically failing to recognize revenue from franchise store renovations [5][7]. - The CSRC found that the company understated its annual revenue by percentages of 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% for the respective years [7]. - The company was fined 4 million yuan and several executives were fined a total of 4.5 million yuan for their involvement in the violations [7]. Group 2: Financial Performance - In the first half of the year, the company reported revenue of 2.82 billion yuan, a year-on-year decrease of 15.57%, and a net profit attributable to shareholders of 175 million yuan, down 40.71% year-on-year [8]. - The decline in revenue was attributed primarily to a decrease in internal sales [8].

9月24日， ST绝味（603517.SH）开盘后跌停（ST个股实行5％的涨跌停板制度），报13.77元/股。9月23日，ST绝味复牌首日也遭遇"一字跌停"。 23日，"卤味三巨头"之一的绝味食品股份有限公司股票被实施风险警示，A股简称变更为"ST绝味"。 此次股票的变更与公司9月19日收到的《行政处罚事先告知书》有关。 中国证券监督管理委员会湖南监管局对绝味食品股份有限公司责令改正，给予警告，并处以400万元罚款；还对涉事的几位高管处以总计450万元的罚款。 此外，根据本次公司收到的《行政处罚事先告知书》认定的情况，公司触及《上海证券交易所股票上市规则（2025 年 4 月修订）》第 9.8.1 条规定的其他风 险警示情形，因此公司股票自9月22日停牌一天后，于9月23日起被实施"其他风险警示"，简称变更为"ST绝味"。 第一财经记者了解到，不少实行加盟制度的连锁企业的一大收入来源就是向加盟商售卖原料、收取管理费用等，绝味食品本次被查出的装修业务收入也是这 类公司的收入来源之一。 绝味食品的业绩不甚理想。今年上半年，绝味食品实现营收28.2亿元，同比下降15.57%；实现归母净利润1.75亿元，同比下降40 ...

Core Viewpoint - ST Juewei (603517.SH) has faced significant stock price declines following the issuance of a risk warning and administrative penalty by the China Securities Regulatory Commission (CSRC) due to violations in financial disclosures [1][3]. Group 1: Stock Performance - On September 24, ST Juewei's stock opened at a limit down of 13.77 yuan per share, following a similar situation on its first trading day after resuming from suspension on September 23 [1]. - The stock was designated as "ST Juewei" after receiving a risk warning, indicating serious compliance issues [1][3]. Group 2: Regulatory Actions - The CSRC's Hunan Regulatory Bureau issued a notice indicating that Juewei Foods was involved in information disclosure violations, specifically failing to recognize revenue from franchise store renovations from 2017 to 2021 [3]. - The company was fined 4 million yuan and its executives faced a total penalty of 4.5 million yuan for their roles in the violations [3]. Group 3: Financial Performance - Juewei Foods reported a revenue of 2.82 billion yuan for the first half of the year, reflecting a year-on-year decline of 15.57%, with a net profit attributable to shareholders of 175 million yuan, down 40.71% year-on-year [4]. - The company attributed the revenue decline primarily to a decrease in internal sales [4].

Core Points - ST Juewei's stock price fell by 4.98% on its first day of resumption, closing at 14.49 yuan, with a total market value of 8.781 billion yuan [1] - The company was suspended for one day due to five consecutive years of financial disclosure violations related to a renovation account from several years ago [3] - The China Securities Regulatory Commission (CSRC) issued a notice of administrative penalty, indicating that Juewei failed to recognize revenue from franchise store renovations from 2017 to 2021, leading to understated annual reports by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% respectively [3] - The Hunan Regulatory Bureau imposed a fine of 4 million yuan on Juewei and issued warnings and fines to key executives, including 2 million yuan for the chairman and general manager, 1.5 million yuan for the former CFO, and 1 million yuan for the former secretary [5] - Industry analyst Zhu Danpeng stated that the penalties will cause immeasurable damage to the company's reputation and significantly impact the confidence of its team, suppliers, and franchisees [5]

资料图。本文来源：界面新闻、新华网 绝味食品公告称，公司A股股票简称由"绝味食品"变更为"ST 绝味"; 证券代码仍为603517；实 施风险警示的起始日为2025年9月23日。 因涉嫌信息披露违法违规，绝味食品(603517.SH)及其董事长等被处罚，公司股票拟被ST。 官网资料显示，绝味食品公司成立于2005年4月15日，注册资本6亿元。该公司于2017年3月17 日上市。其中，卤制品绝味鸭脖是其拳头产品，绝味食品也因此被外界称为"鸭脖大王"。官网 数据显示，其鸭脖原料消耗达到1万吨，零售规模超过60亿。 绝味食品日前发布公告称，因涉嫌信息披露违法违规，去年6月7日， 中国证监会决定对绝味食 品立案。今年9月19日，公司收到中国证监会湖南监管局下发的《行政处罚事先告知书》(《告 知书》)。 窄门数据显示，2022年以来，绝味鸭脖门店开店数量开始减少。截至目前，绝味鸭脖门店数量 为10725家。据绝味财报显示，截至2024年6月底，绝味食品内地门店总数为14969家。照此计 算，近一年多来，其门店数量减少了4244家。 《告知书》显示，2017年至2021年期间，绝味食品未确认加盟门店装修业务收入，导致年度 ...

Core Viewpoint - Zhitian Technology and its subsidiaries provide brand empowerment and capital operation services based on data technology and mobile internet, covering major cities nationwide. However, the company has faced significant legal issues due to false disclosures in its financial reports, leading to administrative penalties from regulatory authorities [1][2]. Financial Misconduct - In the 2022 annual report, Zhitian Technology falsely reported an inflated revenue of 778,642,947.91 yuan, which accounted for 44.59% of the disclosed revenue, and an inflated profit of 85,288,421.07 yuan, representing 35.99% of the total profit [1]. - The 2023 semi-annual report also contained false information, with inflated revenue of 207,704,051.70 yuan, making up 14.56% of the disclosed revenue, and inflated profit of 79,374,405.70 yuan, which was 51.64% of the total profit [1]. - The 2023 annual report showed an even larger discrepancy, with inflated revenue of 1,720,632,399.98 yuan, constituting 78.63% of the disclosed revenue, and corresponding inflated costs of the same amount [1]. Legal Proceedings - On October 27, 2024, Zhitian Technology disclosed that it was under investigation for suspected violations of information disclosure laws, which has impacted its stock performance [2]. - Investors who purchased shares between April 28, 2023, and October 27, 2024, and sold or continued to hold them after October 28, 2024, are eligible for compensation [4].

Group 1 - On September 19, 2023, Baiyin Nonferrous reported a financing buy of 21.74 million yuan and a financing repayment of 35.72 million yuan, resulting in a net financing repayment of 13.98 million yuan [2] - On September 10, 2023, Baiyin Nonferrous announced that it received a notice from the China Securities Regulatory Commission (CSRC) regarding a case of suspected information disclosure violations, leading to an official investigation [2] - Investors who suffered losses due to the company's delayed or inaccurate information disclosure can file for compensation if they purchased shares between April 30, 2020, and April 29, 2025, or between the company's listing and September 10, 2025 [2] Group 2 - On April 2, 2024, Baiyin Nonferrous announced progress on the acquisition of mining company equity, specifically the 100% stake in Serrote Participações S.A. and AMH 2 (Jersey) Limited [3] - The acquisition was completed on April 1, 2025, after obtaining necessary regulatory approvals, with the target companies becoming wholly-owned subsidiaries of Baiyin Nonferrous [4] - Following the acquisition, the company's copper metal resource volume is expected to increase from 221,700 tons to approximately 930,000 tons, significantly enhancing its resource reserves and profitability [4]

绝味食品公告称，公司股票将实施其他风险警示（ST）， 9月22日全天停牌，9月23日复牌后简称变 更为"ST绝味 "，日涨跌幅限制缩至5%。 绝味食品表示，目前经营活动正常，将追溯调整财务报表、加强内控整改，后续待证监会正式处罚 决定书满12个月且完成财务重述后，可申请撤销ST。 来源丨21世纪经济报道 作者丨毕凤至 刘雪莹 9月19日晚，绝味食品发布公告称，其于当天收到中国证券监督管理委员会湖南监管局下发的《行政 处罚事先告知书》。公司涉嫌信息披露违法违规案已调查完毕， 湖南证监局拟决定对公司责令改 正，给予警告，并处以400万元罚款 ；对相关责任人给予警告并处罚款。 01 绝味食品被罚400万 2025年9月19日，绝味食品收到湖南证监局下发的《行政处罚事先告知书》。经查明，绝味食品涉嫌 违法的事实如下： 2017年至2021年期间，绝味食品未确认加盟门店装修业务收入，导致年度报告少计营业收入，占对 应年度公开披露营业收入的比例分别为5.48%、3.79%、2.20%、2.39%、1.64%。 公司2017年至2021 年各年年度报告未如实披露营业收入。 湖南证监局认为，绝味食品上述行为涉嫌违反《证券法》 ...

财务造假仍是被罚主因。 据此计算，复旦复华在上述三年累计虚增利润总额8106.55万元。最终，公司被罚款400万元，时任董事 长赵文斌等6人共计被罚款370万元。 强监管风暴继续吹向上市公司，一夜之间，多家公司遭行政处罚，还有的被立案调查，部分退市公司也 难逃处罚。 9月19日晚间，思科瑞（688053.SH）、复旦复华（600624.SH）等5家A股公司均公告称受到行政处罚。 整体来看，上述公司多存在年报虚假记载、虚增收入等情况。其中，复旦复华三年累计虚增利润超8000 万元，公司及相关责任人共计被罚超700万元。 同日，ST新动力（300152.SZ）被立案调查，事发涉嫌信息披露违法违规；恒立退收到地方证监局罚 单，原因是未按期披露2024年年报，该公司已于7月中旬在深交所摘牌。 处罚的连锁反应已经显现。下周一（22日），复旦复华等4家此次受罚公司均将停牌，并自次日起"戴 帽"。 复旦复华三年虚增利润超8000万 最新披露处罚情况的5家公司是思科瑞、复旦复华、科净源（301372.SZ）、创意信息（300366.SZ）和 绝味食品（603517.SH）。从调查结果看，财报虚假记载是这些公司被罚的主因，思科 ...