---
title: "Surfilter: The company and relevant responsible persons received the \"Administrative Penalty Decision\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249290871.md"
description: "On July 20th, ST Surfilter announced that the company and relevant responsible persons received the \"Administrative Penalty Decision\" from the China Securities Regulatory Commission on July 18th. Due to the subsidiary signing purchase and sales contracts without commercial substance during project construction, the company inflated its operating income by 112 million yuan and inflated profits by 73.2852 million yuan from 2020 to the first half of 2022. The China Securities Regulatory Commission imposed a fine of 5 million yuan on the company, and a total fine of 12 million yuan on the relevant responsible persons. The company has completed rectification, is operating normally, and plans to apply for the removal of risk warnings in 12 months"
datetime: "2025-07-20T10:01:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249290871.md)
  - [en](https://longbridge.com/en/news/249290871.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249290871.md)
generator: "portal-rs"
---

# Surfilter: The company and relevant responsible persons received the "Administrative Penalty Decision"

Surfilter announced on the evening of July 20 that on July 18, the company and relevant responsible persons received the "Administrative Penalty Decision" issued by the China Securities Regulatory Commission (CSRC). It was found that the company's subsidiary, Beijing Yahon Century Technology Development Co., Ltd., arranged to sign some purchase and sales contracts without commercial substance as a funding channel during the project construction process, resulting in the company artificially inflating its operating income by a total of 112 million yuan and total profit by 7.32852 million yuan from 2020 to the first half of 2022. The CSRC decided to order Surfilter to make corrections, issue a warning, and impose a fine of 5 million yuan, along with a total fine of 12 million yuan imposed on four relevant responsible persons. According to the circumstances identified in the "Administrative Penalty Decision," the company does not trigger the delisting risk warning situation. As of now, the company's various production and operational activities are being carried out normally and orderly. All matters mentioned in the "Administrative Penalty Decision" have been rectified. The company will timely apply to the Shenzhen Stock Exchange for the removal of other risk warnings on its stock 12 months after the CSRC issues the administrative penalty decision

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**