Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against Beijing Dongfang Tong Technology Co., Ltd. (*ST Dongtong*) for falsifying financial data in its periodic reports, leading to significant penalties and potential delisting [2][3]. Group 1: 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, with the actual controller facing a 10-year ban from the securities market [2]. - The Shenzhen Stock Exchange will initiate delisting procedures for *ST Dongtong* due to serious violations of laws [3]. Group 2: Company Background - *ST Dongtong*, established in 1997, specializes in middleware software, cybersecurity, emergency response, and digital transformation services, and is recognized as a national high-tech enterprise [4]. - The company has participated in several major national technology projects and has received the "National Science and Technology Progress Second Prize" from the State Council [4]. Group 3: Financial Performance - In the first half of 2025, *ST Dongtong* reported a revenue of 240 million yuan, representing a year-on-year increase of 48.85%, while the net profit attributable to shareholders was a loss of 55.16 million yuan, an increase in loss of 66.80% [4]. - The company's basic earnings per share stood at -0.10 yuan [4]. Group 4: Market Performance - As of September 12, *ST Dongtong*'s stock price closed at 6.58 yuan, reflecting a decline of over 56% year-to-date, with a total market capitalization of 3.671 billion yuan [5].