ST Jiaoda Onlly was fined 8 million yuan in total along with three executives for shifting 23.5 million yuan in profits across years. After market close on September 18, ST Jiaoda Onlly announced that the company and Ji Min, Ji Lin, and Cao Yi had received an administrative penalty decision from the Shanghai bureau of the China Securities Regulatory Commission. The investigation found that the company's 2023 accounting error correction announcement contained false records, understating total profit for 2021 by 23.5 million yuan, equivalent to 213.52 percent of the total profit disclosed in the corrected 2021 annual report. In its 2024 annual report, the company reversed the 23.5 million yuan impairment loss that had been additionally provided for in the earlier period, overstating total profit by 23.5 million yuan, equivalent to 60.26 percent of the total profit disclosed in the 2024 annual report. As a result, the company was ordered to correct the violations, given a warning, and fined 4 million yuan; Ji Lin was fined 2 million yuan; and Ji Min and Cao Yi were each fined 1 million yuan. The company's shares have been subject to other risk warnings since August 4, 2026, with the stock abbreviation changed from Jiaoda Onlly to ST Jiaoda Onlly. In the first half of 2026, the company reported operating revenue of 140 million yuan, down 7.15 percent year on year, and a net loss attributable to the parent company of 13.973 million yuan, swinging from profit to loss compared with the same period a year earlier.
Shanghai Jiaoda Onlly Co LtdCSRC fined ST Jiaoda Onlly 4 million yuan and executives for false records inflating/deflating profits across 2021-2024.
