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ST Chengcheng and its senior executives including the CFO were penalized by CSRC (China Securities Regulatory Commission) due to non-compliance. The company delayed of the disclosure of annual report because of the overdue payment to the auditor Daxin CPA firm, furthermore, it manipulated the 2012 annual income and profit by increasing  184.44 million and 52.65 million RMB respectively.


Proof Reader:Cao Yuhong

Released by China Accounting on  March 22, 2017, please indicate the source and author.

Original Link:http://news.esnai.com/2017/0320/153576.shtml

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