除了投行业务违规被罚，去年底申万宏源还因其他业务违规收到监管处罚。近日，上海证监局发布的罚 单显示，申万宏源证券（000562）因私募资管业务存在两项违规行为，被出具警示函，涉及重大事项披 露不及时与投后检查不到位，这也是券商私募资管领域违规案例的又一代表罚单。 近年来，证监会多次强调IPO"申报即担责"， 要求压严压实IPO公司和中介机构责任，对于涉嫌存在重 大违法违规行为的发行人和中介机构，即使撤回发行上市申请，也坚持一查到底。 为此，上交所对申万宏源予以通报批评，对吴杏辉、雷晨予以6个月内不接受保荐代表人签字的发行上 市申请文件及信息披露文件的纪律处分。 去年4月，深交所公告3份自律监管措施决定，剑指海诺尔IPO项目。深交所现场督导发现，申万宏源保 荐的海诺尔存在研发投入相关内部控制执行不到位、研发费用归集及会计处理不规范等情形，在执业过 程中未予以充分关注并审慎核查，发表的核查意见不准确。 为此，深交所对项目保荐人申万宏源及项目保荐代表人秦明正、王鹏，采取约见谈话自律监管措施的决 定。 不过，去年申万宏源IPO撤否率有所下降。数据显示，申万宏源去年保荐了18个IPO项目，仅新明珠和 德尔科技两家拟IP ...

Core Points - The Shenzhen Stock Exchange has issued three penalties related to the IPO application of Hainuoer, involving multiple violations by the company and its associated institutions [1][3][6] - Hainuoer has attempted to apply for an IPO three times, but each attempt was hindered by regulatory issues and penalties [4][5] Group 1: Company Violations - Hainuoer was found to have inadequate internal controls regarding R&D expenditures and improper accounting treatment of R&D costs [3][6] - The actual controller and chairman of Hainuoer, Luo Yili, along with the financial officer, were criticized for failing to act with integrity [3][6] - Hainuoer has a history of environmental law violations and issues with project management, which have led to multiple failed IPO attempts [4][5] Group 2: Regulatory Actions - The Shenzhen Stock Exchange has taken disciplinary actions against Hainuoer, including a public reprimand and a requirement for the chairman to attend a meeting [3][6] - The underwriting institution, Shenwan Hongyuan, and its associated accountants also received warnings for failing to conduct thorough due diligence [6][8] - Shenwan Hongyuan has faced multiple regulatory penalties in 2024, indicating ongoing issues with compliance in its underwriting practices [8][9]

近日，上交所连发四则处分，对科创板IPO企业国宏工具系统（无锡）股份有限公司（以下简称"国宏 工具"）及其相关中介机构作出纪律处分。 现场检查发现，国宏工具股东大会的相关审议议案中不包含上述对赌回购主体调整事项，未就代控股股 东对外履行对赌回购义务履行审议程序，事实情况与申报文件披露不一致。申万宏源未对相关审议程序 充分核查，未充分关注国宏工具公司治理方面存在的缺陷。 三是未充分核查发行人实际控制人的一致行动人认定准确性。根据申报文件，发行人国宏工具实际控制 人吴健新胞兄吴健南、胞弟吴健龙通过无锡利杰投资企业（有限合伙）持有发行人 12.02%的股份。 来源：上交所 从上述处分来看，国宏工具存在研发数据有误、实际控制人一致行动人披露不准确等多项问题。保荐人 申万宏源证券承销保荐有限责任公司（简称"申万宏源承销保荐"）在发行上市申请过程中，存在保荐职 责履行不到位的情形。 上交所决定，1年内不接受国宏工具提交的发行上市申请文件，6个月内不接受申万宏源承销保荐2名保 荐代表人以及公证天业会计师事务所两名会计师签字的发行上市申请文件及信息披露文件，并对相关责 任人进行了公开谴责。 申报多项信息经查失实 国宏工具成立 ...