China Securities Regulatory Commission and Shanghai Stock Exchange! Photovoltaic listed companies and executives were fined!

On September 19, Guosheng Science and Technology announced that the company had received a decision on administrative supervision measures issued by the Beijing Securities Regulatory Bureau due to problems such as inaccurate financial reporting. The announcement of Guosheng

Science and Technology disclosed that. On September 19, 2025, the company received the Decision on Ordering Corrective Measures to Guosheng Shi'an Science and Technology Co., Ltd., Hui Quanfu, Wu Jun, Gao Fei, Yao Qi and Zhang Yongsheng (No.159, 2025) issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission, pointing out a number of problems. Including:

inaccurate recognition of revenue and cost of landscape business in previous years, resulting in inaccurate disclosure of relevant information in the annual report of 2022, the semi-annual report of 2023 and the annual report of 2023.

External loans failed to fulfill the review procedures and timely disclosure, and subsidiaries of the company failed to fulfill the review procedures and timely disclosure of 87.5 million yuan of external loans in 2023;

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The Beijing Securities Regulatory Bureau has decided to take regulatory measures to order the company and the relevant responsible persons to make corrections and record them in the integrity files of the securities and futures market.

On the same day, for the same reason, the Shanghai Stock Exchange issued the Decision on the Supervision and Warning of Guosheng Shi'an Science and Technology Co., Ltd. and Relevant Responsible Persons.

Guosheng Technology, formerly known as Ganjing Garden, a leading garden enterprise, was listed on the main board of the Shanghai Stock Exchange in 2015." It is the first ecological garden company listed on the main board. Due to its poor performance, it has tried many times to cross the border and tested many industries, such as cultural tourism, environmental protection, cemeteries and so on, but all ended in failure.

In 2022, Ganjing Garden will focus on photovoltaic, join hands with photovoltaic black horse Guosheng Energy to transform photovoltaic track, and eventually change its name to Guosheng Science and Technology in 2023. The company's business has also changed from the initial single garden to "garden + photovoltaic" dual-industry development.

However, Guosheng Science and Technology has not ushered in a new performance reversal due to cross-border, and its performance has been in a loss state since 2020.

Guosheng technology nearly five years of profitability

into 2025, this decline has not been reversed, the company achieved operating income of 307 million yuan in the first half of the year, a decrease of 11.00%; The net profit attributable to the shareholders of the listed company was a loss of 0.

In addition, it is worth noting that because the company did not disclose the major matters that the actual controller and the chairman of the company were detained by the competent authorities in a timely manner, the relevant information disclosure was not timely and accurate, and the risk warning was insufficient. The Shanghai Stock Exchange issued a regulatory warning to Li Ping , the timely secretary of the board of directors of Guosheng Shi'an Science and Technology Co., Ltd., and required the company and its directors, supervisors and senior managers to take measures such as rectification and investigation.

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