The Shenzhen Stock Exchange has imposed disciplinary sanctions on *ST Shijing and three responsible individuals. The company's 2025 annual earnings forecast disclosed in January 2026 failed to warn that net assets were negative; actual net assets stood at negative 467 million yuan. The projected net profit also differed materially from the audited annual results, and the company did not flag the potential for a delisting risk warning. In addition, the 2025 annual report, the 2026 first-quarter report, and related special statements contained inaccurate disclosures, including inconsistent revenue and profit figures, formatting errors, and mistakes or omissions in the names of the company and its auditor. The Shenzhen Stock Exchange has decided to publicly censure *ST Shijing, Chairman Dong Shihong, and General Manager and CFO Liu Taiyu, while issuing a notice of criticism to Board Secretary Yang Baolong. These sanctions will be recorded in the Securities and Futures Market Integrity Archive.
Suzhou Shijing Environmental Technology Co.Ltd.Shenzhen Stock Exchange publicly censures the company for inaccurate earnings forecast and disclosure failures.