Group 1 - Creative Information has been identified for financial fraud, leading to its designation as ST (Special Treatment) [2][3] - The financial fraud primarily involves transactions with State Grid Sichuan Comprehensive Energy Service Co., Ltd. and Guoning Ruineng Green Energy Technology Co., Ltd., which also have connections with other listed companies [2][4] - Creative Information overstated its revenue by CNY 267.85 million (approximately USD 40 million) for the 2022 annual report and CNY 124.70 million (approximately USD 18.5 million) for the 2023 semi-annual report, representing 12.22% and 15.84% of the reported revenue respectively [2] Group 2 - The stock of Creative Information was suspended for one day on September 22, 2025, and resumed trading on September 23, 2025, under the new name ST Creative Information, with a daily price fluctuation limit of 20% [3] - Other companies involved with the same entities, such as Micro Innovation Optoelectronics and Ketech Information, are also under scrutiny for potential contract fraud or financial misconduct [2][7] Group 3 - Micro Innovation Optoelectronics has been investigated for self-dealing transactions with State Grid Sichuan, with significant contracts totaling CNY 1.2 billion (approximately USD 180 million) [7][9] - The company adjusted its financial statements, reducing its reported revenue by CNY 6.85 million (approximately USD 1 million) for 2022 and CNY 116.16 million (approximately USD 17 million) for the third quarter of 2023, representing a 5.35% and 72.16% reduction respectively [9]

Core Viewpoint - The recent financial fraud case involving Chuangyi Information has raised significant market concerns, particularly regarding its dealings with Sichuan Comprehensive Energy Service Co., Ltd. and Guoning Ruineng Green Energy Technology Co., Ltd. [2][3] Group 1: Financial Fraud and Impact - Chuangyi Information was found to have overstated its revenue by CNY 267.8464 million (approximately USD 40 million) in its 2022 annual report and CNY 124.7034 million (approximately USD 18.5 million) in its 2023 semi-annual report, accounting for 12.22% and 15.84% of the reported revenue respectively [2] - The company has been placed under special treatment (ST) status due to the financial fraud, with its stock trading suspended for one day and then resumed with a new designation of "ST Chuangyi" [3] Group 2: Related Companies and Risks - Other listed companies such as Kexin Information, Micro Innovation Optoelectronics, and Xingyuan Environment have also been involved in transactions with Sichuan Comprehensive Energy and Guoning Ruineng, raising questions about potential fraud or financial misconduct [2] - The background of Guoning Ruineng indicates it is a fake state-owned enterprise, which has implications for the legitimacy of its dealings with other companies [4] Group 3: Accounting Adjustments and Consequences - Kexin Information has made significant adjustments to its financial statements, with a reported revenue adjustment of nearly CNY 100 million (approximately USD 14.8 million), which represents nearly 40% of its adjusted revenue for the third quarter of 2023 [10] - The company reported a net profit loss of CNY 121.03 million (approximately USD 18 million) for the same period, indicating severe financial distress [10][12] Group 4: Regulatory Actions and Future Outlook - Regulatory bodies have issued warnings to Kexin Information for inaccurate or untimely earnings forecasts, with the company’s net profit for 2023 expected to be between CNY -161 million and CNY -181 million (approximately USD -24 million to -27 million) [12] - The significant accounting errors and the potential for further financial misreporting raise concerns about the company's future, including the possibility of ST or delisting risks [12]

Core Viewpoint - Creative Information has been identified for financial fraud, raising concerns in the market regarding its operations and potential implications for other companies involved in similar transactions [1][2]. Financial Misconduct - Prior to the recognition of financial fraud, Creative Information issued two accounting error correction announcements in April 2024 and September 2025 [2]. - The financial misconduct primarily involved transactions with State Grid Sichuan Comprehensive Energy Service Co., Ltd. (referred to as "Chuan Zong Neng") and Guoning Ruineng Green Energy Technology Co., Ltd. (the purchasing party of goods from Chuan Zong Neng) [2]. - Creative Information overstated its revenue by CNY 267.8464 million (approximately USD 38.5 million) in its 2022 annual report and CNY 124.7034 million (approximately USD 18 million) in its 2023 semi-annual report, accounting for 12.22% and 15.84% of the reported revenue, respectively [2]. Regulatory Actions - According to the Shenzhen Stock Exchange's rules, Creative Information's stock will be subject to risk warnings due to the false financial disclosures, but it does not meet the criteria for mandatory delisting [3]. - The stock was suspended for one day on September 22, 2025, and resumed trading on September 23, 2025, under the name "ST Creative" with a trading code of "300366" [3]. Related Companies - Other listed companies such as Kechuang Information, Micron Optoelectronics, Xingyuan Environment, and Shida Group are also involved with Chuan Zong Neng and Guoning Ruineng, raising questions about whether they have faced contract fraud or are implicated in financial misconduct [2]. - Guoning Ruineng is identified as a fake state-owned enterprise, with its ownership traced back to Shenzhen Dinghao Cultural Communication Co., Ltd., which has been flagged for fraudulent registration [4][6]. Transaction Anomalies - Anomalies in the trade chain were noted, where Chuan Zong Neng appeared to be a downstream customer of Creative Information, but the actual purchasing party was Guoning Ruineng [8]. - Creative Information executed contracts worth CNY 363.89 million (approximately USD 52.5 million) with Chuan Zong Neng, despite receiving only a small fraction of the payment upfront, leading to significant financial risk exposure [9][10]. Company Background - Creative Information has undergone three major phases since its establishment in 1996, focusing on integrated technology services, expanding into government big data, and aiming to become a leading digital transformation service provider [11]. - The company reported a significant loss of CNY 780 million (approximately USD 112 million) in 2020, primarily due to underperformance of subsidiaries, leading to a substantial decline in net profit [11][12].

公司股票自2025年9月22日(星期一)开市起停牌一天，将于2025年9月23日(星期二)开市起复牌。公司股 票自2025年9月23日(星期二)开市起被实施其他风险警示，股票简称由"创意信息"变更为"ST创意"。 智通财经APP讯，创意信息(300366.SZ)公告，公司于2025年9月19日收到中国证券监督管理委员会四川 监管局出具的《行政处罚事先告知书》,公司股票将被实施其他风险警示。 该告知书载明公司涉嫌违法的事实为："2022年11月，创意信息分别与国网四川综合能源服务有限公司 开展协同一体机销售业务、与四川中电启明星信息技术有限公司开展大数据平台硬件及软件销售业务。 创意信息从事上述业务时不具有对商品的控制权，在知悉业务交易模式的情形下仍采用总额法确认收 入，不符合《企业会计准则第14号--收入》(财会[2017]22号)第三十四条的规定，导致公司2022年年度报 告、2023年半年度报告分别多计营业收入2.68亿元、1.25亿元，分别占当期报告记载营业收入的 12.22%、15.84%。" ...

智通财经APP讯，创意信息(300366.SZ)公告，公司于2025年9月19日收到中国证券监督管理委员会四川 监管局出具的《行政处罚事先告知书》,公司股票将被实施其他风险警示。 该告知书载明公司涉嫌违法的事实为："2022年11月，创意信息分别与国网四川综合能源服务有限公司 开展协同一体机销售业务、与四川中电启明星信息技术有限公司开展大数据平台硬件及软件销售业务。 创意信息从事上述业务时不具有对商品的控制权，在知悉业务交易模式的情形下仍采用总额法确认收 入，不符合《企业会计准则第14号--收入》(财会[2017]22号)第三十四条的规定，导致公司2022年年度报 告、2023年半年度报告分别多计营业收入2.68亿元、1.25亿元，分别占当期报告记载营业收入的 12.22%、15.84%。" 公司股票自2025年9月22日(星期一)开市起停牌一天，将于2025年9月23日(星期二)开市起复牌。公司股 票自2025年9月23日(星期二)开市起被实施其他风险警示，股票简称由"创意信息"变更为"ST创意"。 ...