A-shares unusual movement | Starting today, "capped," ST Hengxin hits the 20cm limit-down, reaching a new low since July 2013

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Gelonghui, April 8 | ST Hengxin (300081.SZ) hit the limit down, closing at 3.51 yuan, setting a new low since July 2013. The total market value is 2.123 billion yuan. According to the news, Hengxin Dongfang issued an announcement stating that on April 3, the company received a “Preliminary Notice of Administrative Penalty” issued by the Beijing Securities Regulatory Bureau. Due to false records and inflated revenue of 182 million yuan in its 2022 annual report, the company and four former senior executives will face a combined fine of 12.5 million yuan. At the same time, the company’s stock trading will be subject to other risk warnings: trading will be suspended for one day starting from the opening of the market on April 7, trading will resume starting from the opening of the market on April 8, and the stock abbreviation will be changed to “ST Hengxin.”

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