Core Viewpoint - Guangdong Huatie Tongda High-speed Equipment Co., Ltd. (hereinafter referred to as "Huatie Co.") has faced multiple administrative penalties from the Guangdong Securities Regulatory Bureau due to serious violations, including insider trading and financial fraud, leading to its delisting from the A-share market and subsequent transfer to the New Third Board [1][3][6]. Group 1: Administrative Penalties - On July 14, 2025, the Guangdong Securities Regulatory Bureau issued an administrative penalty decision against Huatie Co. and its related party Song Mouming for insider trading, resulting in a total fine of approximately 780,000 yuan [1][8]. - Huatie Co. has received a total of 15 administrative penalty decisions from the Guangdong Securities Regulatory Bureau, with fines totaling 8 million yuan for its actual controller, Xuan Ruiguo, due to multiple violations including false disclosures in annual reports from 2019 to 2022 [4][5]. - The company was found to have significant omissions in its financial reports, with non-operating fund occupation amounting to approximately 1.338 billion yuan as of December 31, 2022 [4]. Group 2: Insider Trading and Financial Misconduct - Huatie Co. was involved in insider trading activities, with Song Mouming selling 100,900 shares of Huatie Co. during a sensitive period, resulting in an estimated loss avoidance of approximately 179,888.87 yuan [7][8]. - The company faced severe scrutiny after its annual report audit revealed serious issues, leading to a 43.11% drop in stock price over 11 consecutive trading days [7]. - The internal control audit report issued by the auditing firm Dahuazheng confirmed the existence of serious fund occupation issues, which were not disclosed in a timely manner, further aggravating the company's regulatory challenges [7].