Two needles are fined for 3 consecutive years of false increase

In Saturday, the two-pin announcement disclosed that the company since 2003-2005 for 3 consecutive years in the annual report of the virtual increase in profits, the company and related executives were punished by the CSRC.　　Since 2003-2005 for 3 consecutive years in the annual report of the virtual increase in profits, two needles were disclosed on February 14, 2007, the company for alleged disclosure of information breaches by the SFC filed for investigation. The company disclosed in Saturday in the announcement, the SFC to the company's case investigation has now investigated, the trial end, found that the company in 2003 through false sales and less advertising cost of the way the virtual increase in profits amounted to 88.5161 million yuan, and in fact the two needles of the year losses; 2004 by the early confirmation of the transfer of equity and less advertising costs of the way to increase the profit of 93.7134 million Yuan; In 2005, by means of less advertising　　。 The company received an administrative penalty from the SFC on July 15, saying the company was given a warning and fined 600,000 yuan, and that the person responsible was given a warning and fined a total of 630,000 yuan, the notice said.