Core Viewpoint - The regulatory authorities are intensifying their crackdown on financial fraud and information disclosure violations in the capital market, signaling a strong stance against such misconduct and promoting better governance among listed companies [1]. Group 1: Regulatory Actions - Multiple listed companies received "Administrative Penalty Notice" for suspected financial fraud, indicating that "delisting does not exempt from liability" [1]. - Regulatory bodies will continue to strictly combat financial fraud and other severe illegal activities, in accordance with the guidelines for protecting investors' rights [1]. Group 2: Specific Cases of Companies - **Sikory**: Received a notice for fabricating sales and improperly recognizing revenue, inflating revenue by 9.96 million and profit by 7.01 million in 2022, accounting for 4.16% and 6.56% of total revenue and profit respectively [2][3]. - **Fudan Fuhua**: Received a notice for false records in annual reports for 2019, 2020, and 2023, with a proposed fine of 4 million [4]. - **Kejingyuan**: Faced penalties for information disclosure violations, with a proposed fine of 1.5 million due to unapproved guarantees totaling 150 million [6][7]. - **Creative Information**: Proposed to be fined 4 million for improper revenue recognition, inflating revenue by 267.84 million and 124.70 million in 2022 and 2023 respectively [9][10]. - **Juewei Foods**: Proposed to be fined 4 million for failing to recognize franchise store renovation income from 2017 to 2021, leading to underreported revenue [10][11]. - **ST Xindong**: Under investigation by the regulatory authority for suspected information disclosure violations [13]. - **Hengli**: Received a penalty for failing to disclose the annual report on time, with a proposed fine of 3.5 million [14].

Core Viewpoint - Multiple listed companies received administrative penalty notices for suspected financial fraud, indicating a strong regulatory stance against such misconduct in the capital market [1] Group 1: Regulatory Actions - Regulatory authorities are intensifying efforts to combat financial fraud and other severe violations in the capital market, aiming to enhance corporate governance among listed companies [1] - The regulatory framework includes comprehensive measures to protect investor rights and ensure compliance with financial reporting standards [1] Group 2: Specific Cases of Companies - **Sikory**: Received a notice for fabricating sales and prematurely recognizing revenue, resulting in inflated revenue of 9.96 million and profit of 7.01 million in 2022, accounting for 4.16% and 6.56% of total revenue and profit respectively [2] - **Fudan Fuhua**: Notified of penalties due to false records in annual reports for 2019, 2020, and 2023, with a proposed fine of 4 million [4] - **Kejingyuan**: Faced penalties for information disclosure violations, with a proposed fine of 1.5 million due to unapproved guarantees totaling 150 million [6] - **Chuangyi Information**: Proposed to be fined 4 million for information disclosure violations, with inflated revenues of 267.84 million and 124.70 million in 2022 and 2023 respectively [9] - **Juewei Foods**: Notified of a proposed fine of 4 million for failing to recognize revenue from franchise store renovations from 2017 to 2021, leading to understated revenues [10] - **ST Xindongli**: Under investigation by the regulatory authority for suspected information disclosure violations [13] - **Hengli**: Received a penalty notice despite being delisted, highlighting that delisting does not exempt companies from accountability [14]

Core Viewpoint - Juewei Foods is facing regulatory scrutiny due to alleged violations of information disclosure, leading to a warning and potential penalties from the China Securities Regulatory Commission (CSRC) [2][3]. Group 1: Regulatory Actions - On September 19, 2024, Juewei Foods received a notice from the CSRC regarding an investigation into information disclosure violations, with the case initiated on June 7, 2024 [2]. - The CSRC's preliminary notice indicated that from 2017 to 2021, Juewei Foods failed to recognize revenue from franchise store renovations, resulting in understated annual revenue by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% for the respective years [2]. - The company is set to be marked with a risk warning, changing its A-share abbreviation to "ST Juewei" starting September 23, 2025, with trading restrictions applied [3]. Group 2: Financial Penalties - Juewei Foods is facing a fine of 4 million yuan, while key executives, including the former chairman and general manager, will incur fines of 2 million yuan, 150,000 yuan, and 100,000 yuan respectively [3][4]. - The company plans to rectify the issues raised in the notice and aims to apply for the removal of the risk warning after meeting specific conditions [4]. Group 3: Financial Performance - In the first half of 2025, Juewei Foods reported revenue of 2.82 billion yuan, leading among its peers, but experienced a revenue decline of 15.57% [5]. - The net profit for the same period was 175 million yuan, marking a decline of over 40% year-on-year, with the last significant drop occurring in 2022 [5]. - The company has closed over 5,000 stores in the past year and a half, indicating challenges in maintaining its market presence [5]. Group 4: Strategic Response - In response to the challenging macroeconomic environment and intensified competition, Juewei Foods is focusing on refining its operations and exploring innovative strategies within the snack food sector [5].

9月19日，今日，A股四家公司因财务造假而被实施其他风险警示。 因公司涉嫌信息披露违法违规，监管部门拟对公司给予警告并处以400万元罚款。同时，对公司董事长 赵文斌、褚建平、赵振兴、沈定、宋正、周驰浩等相关责任人给予警告并处以不同金额的罚款。 根据规定，公司股票将被实施其他风险警示。9月22日停牌一天，自9月23日起，公司A股股票简称变更 为"ST复华"，股票代码仍为"600624"，日涨跌幅限制为5%。 思科瑞：2022年虚增营收近千万 同日，思科瑞发布公告称，公司收到中国证监会四川监管局下发的《行政处罚事先告知书》，经查明， 思科瑞2022年年度报告存在虚假记载，虚增营业收入996.04万元，虚增利润总额700.54万元。 复旦复华：三年总计虚增利润超8000万 今日晚间，复旦复华发布公告称，公司于2025年9月19日收到中国证券监督管理委员会上海监管局下发 的《行政处罚事先告知书》，公司2019年、2020年、2023年年度报告存在虚假记载，三年间累计少计营 收5324.42万元，累计虚增利润总额8106.55万元。具体来看： 2019年：少计营业成本5065.22万元，虚增利润总额5065.22万元； ...

Core Viewpoint - ST New Power (300152) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company claims its operations remain normal during the investigation [2][6]. Group 1: Investigation and Regulatory Actions - ST New Power has not specified the exact reasons for the investigation in its announcement, but it has faced multiple regulatory penalties over the past year [6]. - In January, the Hebei Securities Regulatory Bureau issued several administrative regulatory measures against ST New Power, citing violations in operational norms, internal controls, and information disclosure [6]. - The company has been criticized for poor governance, including unclear understanding of governance requirements by the chairman and directors, ineffective decision-making mechanisms, and inadequate management of insider information [6]. Group 2: Financial Performance - ST New Power has reported continuous losses for four consecutive years since 2021, with a revenue of 0.97 billion yuan in the first half of this year, representing a year-on-year decrease of 5.66% [7]. - The net profit for the same period was -7.2861 million yuan, showing a reduction in losses compared to previous periods but still indicating a loss [7]. Group 3: Business Overview - The main business of ST New Power focuses on energy-saving combustion, providing comprehensive solutions for energy-saving ignition, clean combustion, and industrial exhaust gas treatment, serving various industries including power generation, petrochemicals, metallurgy, and construction [7].

Core Viewpoint - ST New Power (300152) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company claims its operations remain normal during the investigation [1][5]. Group 1: Investigation and Regulatory Actions - ST New Power has been subjected to multiple regulatory penalties over the past year, indicating ongoing governance issues [5]. - The Hebei Securities Regulatory Bureau issued several administrative regulatory measures against ST New Power in January, citing violations in operational norms, internal controls, and information disclosure [6]. - Specific issues included unclear governance by the chairman and directors, ineffective decision-making mechanisms, and inadequate management of insider information [6][7]. Group 2: Financial Performance - ST New Power has reported continuous losses for four consecutive years since 2021, with a revenue of 0.97 billion yuan in the first half of this year, representing a year-on-year decrease of 5.66% [9]. - The net profit for the same period was -7.2861 million yuan, showing a reduction in losses compared to previous periods but still indicating a loss [9]. Group 3: Corporate Governance Changes - On the same day as the investigation announcement, ST New Power completed the long-delayed election of its board of directors and supervisory board, appointing a new executive team [5].

9月19日晚， 绝味食品 （603517）突发停牌公告。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 603517 | 绝味食品 | A 股 停牌 | 2025/9/22 | 全天 | 2025/9/22 | 2025/9/23 | 上述违法事实，有相关合同、银行流水、询问笔录、情况说明等证据证明。湖南监管局认为，绝味食品上述行为涉嫌违反2005年修订的《中华人民共和国 证券法》（下称2005年《证券法》）第六十三条、《中华人民共和国证券法》（下称《证券法》）第七十八条第二款，构成2005年《证券法》第一百九十 三条第二款、《证券法》第一百九十七条第二款所述违法行为。 对于相关责任人员，《事先告知书》明确：戴文军时任绝味食品董事长兼总经理，知悉公司实际管理加盟门店装修业务，未对加盟门店装修业务进行规范 管理，未将其纳入到上市公司经营、核算体系，并在2017年至2021年年度报告上签字，是直接负责的主管人员。 彭才刚时任公司财务总监，安排财务部员工出借个人银 ...

Core Viewpoint - Guosheng Technology has received regulatory warnings from the Shanghai Stock Exchange due to multiple violations, including inaccurate cost recognition in its landscaping business and failure to follow proper procedures for external loans [1][2]. Group 1: Violations Identified - The company inaccurately recognized costs related to its landscaping business, leading to incorrect disclosures in the 2022 annual report and the 2023 semi-annual report [1]. - A subsidiary of Guosheng Technology treated a loan of 87.5 million yuan as an engineering prepayment without reporting it to the management or following the necessary approval and disclosure procedures [1]. - There were deficiencies in internal controls related to the newly added photovoltaic business, including management of the entire EPC process, supplier qualifications, inventory management, and external loans [1]. Group 2: Responsible Individuals - Key individuals held responsible for the violations include the former Chairman and General Manager, the current Chairman, the former General Manager, and the former Financial Directors, who failed to adhere to relevant regulations and commitments [2]. Group 3: Required Actions and Compliance - The company and its executives are required to take effective measures to rectify the identified violations and conduct a thorough review of compliance risks in information disclosure and operational norms [3]. - Guosheng Technology must submit a rectification report signed by all executives to the exchange within one month of receiving the decision [3]. - The company is mandated to comply with legal regulations and stock exchange rules, ensuring proper disclosure of all significant information [3].

9月19日晚，绝味食品（603517）（603517）突发停牌公告。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 603517 | 绝味食品 | A 股 停牌 | 2025/9/22 | 全天 | 2025/9/22 | 2025/9/23 | 公告显示，公司于2025年9月19日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》（〔2025〕7号）（下称"《事先告知书》"）， 依据《事先告知书》载明的内容，根据《上海证券交易所股票上市规则（2025年4月修订）》相关规定，公司股票将被实施其他风险警示。 停牌日期定为2025年9月22日，实施起始日为2025年9月23日，实施后公司A股简称将由"绝味食品"变更为"ST绝味"。 与停牌公告同步公布的，还有公司收到中国证监会下发的《事先告知书》的公告。 彭才刚时任公司财务总监，安排财务部员工出借个人银行账户，未规范加盟门店装修业务的核算，并在2017年至2019年年度报告上签字，是其他直接责任 人 ...

Core Viewpoint - Dingshin Communication (603421) has received a regulatory warning from the Shanghai Stock Exchange due to issues related to information disclosure, which may mislead investors regarding its technology authorization agreement with Pingtouge (Shanghai) Semiconductor Technology Co., Ltd [1][2]. Group 1: Information Disclosure Issues - On September 18, 2025, Dingshin Communication stated on the E Interactive platform that it had signed a comprehensive technology authorization agreement with Pingtouge, leading to a stock price surge on September 19 [1]. - The company later clarified that the authorization agreement signed on December 26, 2022, only granted rights to use E801/E802/E803 technologies for chip self-development, with a contract value of 2 million yuan and a validity period of five years [1]. - The authorized technology is limited to MCU chips for traditional power and security products, such as electric meters and security products, and is unrelated to AI computing power chips [1]. Group 2: Regulatory Actions - The Shanghai Stock Exchange's Listing Company Management Department issued a regulatory warning to Dingshin Communication and its former board secretary, Hu Sixiang, for failing to fulfill their disclosure responsibilities [2]. - The company is required to implement effective corrective measures, conduct a compliance risk assessment, and submit a rectification report signed by all board members within one month of receiving the decision [2].