Core Points - The China Securities Regulatory Commission (CSRC) has announced serious penalties against Beijing Oriental Tong Technology Co., Ltd. (*ST Dongtong) for significant financial fraud, including a proposed fine of 229 million yuan and a 10-year market ban for the actual controller [4][7] - The Shenzhen Stock Exchange will initiate delisting procedures for *ST Dongtong due to suspected major violations of regulations [4][8] Financial Fraud Details - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years from 2019 to 2022, violating securities laws [4][6] - The company inflated its revenue by 61.45 million yuan (12.29%), 84.85 million yuan (13.25%), 125.51 million yuan (14.54%), and 160.53 million yuan (17.68%) respectively for the years 2019 to 2022 [6] - The inflated profits were reported as 52.23 million yuan (34.11%), 58.77 million yuan (22.72%), 79.48 million yuan (30.35%), and 123.69 million yuan (219.43%) for the same years [6] Administrative Penalties - The total penalties proposed by the CSRC amount to 273 million yuan, including fines for seven responsible individuals totaling 44 million yuan [7] - The actual controller, Huang Yongjun, faces a total fine of 12.5 million yuan and a 10-year ban from the securities market due to his significant role in the fraudulent activities [7] Potential Delisting - *ST Dongtong may face mandatory delisting due to serious violations as per the Shenzhen Stock Exchange's rules [8] - The company has already been under risk warnings and has received negative audit opinions in previous years [8] Recent Financial Performance - In the first half of 2025, *ST Dongtong reported revenues of 240 million yuan and a net loss of 55 million yuan [9] - The company has experienced continuous losses over the past three years, with a total revenue of 758 million yuan in 2024 [10]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced administrative penalties against *ST Dongtong (Oriental Tong) for falsifying financial data in its periodic reports, leading to a proposed fine of 229 million yuan and potential delisting procedures due to serious violations [2][5][7]. Group 1: Financial Misconduct - *ST Dongtong has inflated its revenue and profits for four consecutive years, violating securities laws [2][3]. - The company used its wholly-owned subsidiary, Beijing Taice Technology Co., Ltd., to fabricate business activities and prematurely recognize revenue, resulting in false disclosures in its annual reports from 2019 to 2022 [3][4]. Group 2: Penalties and Consequences - The CSRC plans to impose a fine of 229 million yuan on *ST Dongtong and a total of 44 million yuan in fines on seven responsible individuals [2][5]. - The actual controller, Huang Yongjun, will face a 10-year ban from the securities market due to his significant role in the violations [7]. Group 3: Specific Violations - The company’s securities issuance documents contained major false information, referencing inflated financial data from its annual reports [4][6]. - The violations are categorized under the Securities Law, constituting illegal information disclosure and fraudulent issuance [4][6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data, which includes a proposed fine of 229 million yuan and potential delisting from the Shenzhen Stock Exchange [1][2]. Group 1: Regulatory Actions - CSRC has found that *ST Dongtong inflated revenue and profits for four consecutive years, violating securities laws [1]. - The company is facing a proposed fine of 229 million yuan, with an additional 44 million yuan in penalties for seven responsible individuals [1]. - The actual controller of *ST Dongtong will face a 10-year ban from the securities market [1]. Group 2: Company Financials - As of August 26, 2025, *ST Dongtong reported a revenue of 240 million yuan, a year-on-year increase of 48.9% [4]. - The net loss attributable to shareholders decreased from 166 million yuan in the same period last year to 55.16 million yuan [4]. - The net cash flow from operating activities was 22.95 million yuan, representing a year-on-year growth of 112.8% [4]. Group 3: Company Background - *ST Dongtong is a provider of security and industry information solutions, focusing on three product systems: "Security+", "Data+", and "Wisdom+" [2].

Core Points - The China Securities Regulatory Commission (CSRC) has announced serious penalties against Beijing Oriental Tong Technology Co., Ltd. (*ST Dongtong) for significant financial fraud, including a proposed fine of 229 million yuan and a 10-year market ban for the actual controller [4][5][6] - The Shenzhen Stock Exchange will initiate delisting procedures due to the company's involvement in major violations of securities laws [4][7] Financial Fraud Details - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years from 2019 to 2022, violating securities laws [4][5] - The company reported inflated revenues of 61.45 million yuan (12.29%), 84.85 million yuan (13.25%), 125.51 million yuan (14.54%), and 160.53 million yuan (17.68%) for the years 2019 to 2022, respectively [5] - Corresponding inflated profits were reported as 52.23 million yuan (34.11%), 58.77 million yuan (22.72%), 79.48 million yuan (30.35%), and 123.69 million yuan (219.43%) for the same years [5] Regulatory Actions - The CSRC has proposed a total fine of 273 million yuan, including penalties for seven responsible individuals totaling 44 million yuan [6] - The actual controller, Huang Yongjun, faces a fine of 12.5 million yuan and a 10-year ban from the securities market due to his significant role in the fraudulent activities [6][7] Company Background and Current Status - *ST Dongtong, established in 1997 and listed on the Growth Enterprise Market in 2014, provides middleware, network security, and digital solutions [7] - The company has reported continuous losses over the past three years, with a revenue of 240 million yuan and a net loss of 55 million yuan in the first half of 2025 [8] - As of September 12, 2023, the stock price was 6.58 yuan per share, with a total market capitalization of 3.67 billion yuan [8]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced serious penalties against Beijing Orient Technology Co., Ltd. (*ST Dongtong) for significant financial fraud, leading to potential delisting procedures by the Shenzhen Stock Exchange [2][5][6]. Summary by Sections Financial Fraud Details - *ST Dongtong has been found to have inflated its revenue and profits for four consecutive years, violating securities laws. The CSRC plans to impose a fine of 229 million CNY on the company and 44 million CNY on seven responsible individuals, with the total penalties amounting to 273 million CNY [5][11]. - The company reported inflated revenues of 61.45 million CNY, 84.85 million CNY, 125.51 million CNY, and 160.53 million CNY for the years 2019 to 2022, which represented 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenue for those years, respectively [10]. - Profits were also inflated by 52.23 million CNY, 58.77 million CNY, 79.48 million CNY, and 123.69 million CNY during the same period, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of the reported profit totals [10]. Legal and Regulatory Actions - The CSRC has indicated that *ST Dongtong's actions may lead to mandatory delisting due to serious violations of regulations, and the Shenzhen Stock Exchange will initiate delisting procedures [6][13]. - The actual controller of the company, Huang Yongjun, is facing a 10-year ban from the securities market due to his significant role in the fraudulent activities [11]. Company Background and Financial Performance - Founded in 1997 and listed on the Growth Enterprise Market in 2014, *ST Dongtong provides middleware, network security, and digital solutions [14]. - The company has reported continuous losses over the past three years, with a revenue of 240 million CNY and a net loss of 55 million CNY in the first half of 2025 [14]. - As of September 12, 2023, *ST Dongtong's stock price was 6.58 CNY per share, with a total market capitalization of 3.67 billion CNY [15].

证监会下发的《行政处罚事先告知书》显示，*ST东通在2019年至2022年分别虚增收入6145.10万元、8485.06万元、 12550.58万元、16052.95万元；2019年至2022年分别虚增利润5222.79万元、5877.42万元、7948.22万元、12369.20万 元，其中2022年虚增利润金额占公司当期披露利润总额的219.43%。 证监会出手。 证监会近日对深交所创业板上市公司北京东方通科技股份有限公司（简称*ST东通）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。经证监会调查，*ST东通连续四年虚增收入和利润，违反证券法律法规。证监会拟对上市公司罚款2.29 亿元，对7名责任人合计罚款4400万元，对实际控制人采取10年证券市场禁入。 责编：李丹 校对：刘榕枝 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权 利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 同时，在2023年6月*ST东通定增募集资金的披露中，证监会发现，《募集说明书》引用了公司2019年至2021年年度 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orient Technology Co., Ltd. (*ST Dongtong) for falsifying financial data in its periodic reports, leading to potential delisting from the Shenzhen Stock Exchange [2][4]. Group 1: Financial Misconduct - *ST Dongtong has inflated its revenue and profits for four consecutive years from 2019 to 2022, violating securities laws [2][4]. - The company reported inflated revenues of 61.45 million, 84.85 million, 125.51 million, and 160.53 million yuan for the years 2019 to 2022, respectively, which accounted for 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenue for those years [7]. - The inflated profits for the same years were reported as 52.23 million, 58.77 million, 79.48 million, and 123.69 million yuan, representing 34.11%, 22.72%, 30.35%, and 219.43% of the reported total profits [7]. Group 2: Regulatory Actions - The CSRC plans to impose a fine of 229 million yuan on *ST Dongtong and a total of 44 million yuan on seven responsible individuals [9]. - The actual controller of the company, Huang Yongjun, faces a 10-year ban from the securities market due to his significant role in the misconduct [9]. - The company is also under scrutiny for potentially committing major violations that could lead to mandatory delisting from the stock exchange [4][8]. Group 3: Company Background - *ST Dongtong is recognized as a pioneer and leader in middleware and industry information solutions, providing services to over 10,000 enterprise-level users across various sectors including telecommunications, government, finance, energy, and transportation [10]. - In its latest half-year report for 2025, the company reported a revenue of 240 million yuan, a year-on-year increase of 48.85%, and a reduction in net loss from 1.66 billion yuan to 551.76 million yuan, marking a 66.80% improvement [10].

责编：张曦 近日，证监会对深交所创业板上市公司北京东方通科技股份有限公司（简称*ST东通）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东通连续四年虚增收入和利润，违反证券法 律法规。我会拟对上市公司罚款2.29亿元，对7名责任人合计罚款4400万元，对实际控制人采取10年证 券市场禁入。*ST东通涉嫌触及重大违法强制退市情形，深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。 编辑：闫嘉欣 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orientcom Technology Co., Ltd. (*ST Dongtong*) for falsifying financial data in its periodic reports, leading to potential delisting from the Shenzhen Stock Exchange [1][3]. Group 1: Financial Misconduct - *ST Dongtong* has been found to have inflated revenue and profits for four consecutive years from 2019 to 2022, violating securities laws [1][3]. - The company is facing a proposed fine of 229 million yuan and penalties totaling 44 million yuan for seven responsible individuals, including a 10-year market ban for the actual controller [1][9]. - The inflated revenue figures were 61.45 million yuan, 84.85 million yuan, 125.51 million yuan, and 160.53 million yuan for the years 2019 to 2022, respectively, representing 12.29%, 13.25%, 14.54%, and 17.68% of reported revenue [6][9]. Group 2: Securities Issuance Violations - The company fabricated significant false content in its securities issuance documents, including the prospectus for a stock issuance that falsely referenced inflated financial data from 2019 to 2021 [7][9]. - In June 2023, *ST Dongtong* reported raising approximately 2.2 billion yuan through the issuance of 106,024,096 shares, which was based on the previously falsified financial data [7][9]. Group 3: Company Background - *ST Dongtong* is recognized as a pioneer and leader in middleware and industry information solutions, providing services across various sectors including telecommunications, government, finance, energy, and transportation [10]. - For the first half of 2025, the company reported revenue of 240 million yuan, a year-on-year increase of 48.85%, and a reduction in net loss from 1.66 billion yuan to 551.58 million yuan, marking a 66.80% improvement [10].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data over four consecutive years, leading to significant penalties and potential delisting [1] Group 1: Regulatory Actions - The CSRC plans to impose a fine of 229 million yuan on *ST Dongtong for violations of securities laws and regulations [1] - A total of 44 million yuan in fines will be levied against seven responsible individuals [1] - The actual controller of *ST Dongtong faces a 10-year ban from the securities market [1] Group 2: Financial Misconduct - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years, constituting a serious violation of financial reporting standards [1] - The company is suspected of triggering conditions for mandatory delisting due to significant legal violations [1] Group 3: Criminal Investigation - The CSRC will transfer any potential criminal evidence to public security authorities in accordance with relevant laws and regulations [1]