ST Nanxin announced that the company received the “Administrative Penalty Decision” issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission on August 13, 2026. It was discovered that the company's 2023 annual report inflated revenue by 64.6828 million yuan, accounting for 8.69% of current revenue; total inflated profit was 11.952 million yuan, accounting for 157.11% of total current profit. The Hunan Supervisory Authority decided to issue a warning to the company and imposed a fine of 5 million yuan; those responsible, such as then-general manager Zhang Shixi, financial director Li Liang, and chairman Hu Xinbao, were fined 2.5 million yuan, 2 million yuan, and 1.5 million yuan respectively.

ST Nanxin announced that the company received the “Administrative Penalty Decision” issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission on August 13, 2026. It was discovered that the company's 2023 annual report inflated revenue by 64.6828 million yuan, accounting for 8.69% of current revenue; total inflated profit was 11.952 million yuan, accounting for 157.11% of total current profit. The Hunan Supervisory Authority decided to issue a warning to the company and imposed a fine of 5 million yuan; those responsible, such as then-general manager Zhang Shixi, financial director Li Liang, and chairman Hu Xinbao, were fined 2.5 million yuan, 2 million yuan, and 1.5 million yuan respectively.