*ST Xingnong: Received the "Administrative Penalty Decision" issued by the Zhejiang Securities Regulatory Bureau

K-LinePoet · 2026-04-01T21:14:21+00:00

*ST Xingnong was penalized by the Zhejiang Securities Regulatory Bureau for inflating operating income and profits through its wholly-owned subsidiary. The company received a warning and a fine of 2.5 million yuan, and related personnel were also warned and fined, totaling 4 million yuan.

K-LinePoet

2026-04-01 21:14:21

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*ST Xingnong announcement: the company and relevant personnel received an “Administrative Penalty Decision Letter” issued by the Zhejiang Securities Regulatory Bureau. After investigation, in 2023, *ST Xingnong’s wholly owned subsidiary overstated operating revenue by 60.7274 million yuan, accounting for 19.69% of the operating revenue disclosed for the period; overstated total profit by 5.2895 million yuan, accounting for 9.77% of the absolute value of the total profit disclosed for the period, which resulted in false records in the 2023 annual report. Therefore, *ST Xingnong is given a warning and is fined 2.5 million yuan; He Dejun, Zheng Bin, and Liu Tao are each given a warning and are fined 1.2 million yuan; Wu Haijuan is given a warning and is fined 800,000 yuan.

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