{"fileID":694920,"siteID":1,"title":"*ST宁科财务造假遭重罚，退市危机能否化解？","linkTitle":"","catalogs":"","subTitle":"","isExclusive":1,"articleWordCount":1393,"leadTitle":"","source":"国际金融报","sourceID":0,"editor":"吴鸣洲","modifyTime":"2025-02-19 13:47:31","note":"","author":"杨雪婷","authorID":0,"liability":"佘诗婕","abstract":"","publishTime":"2025-02-19 13:47:31","articleType":0,"keywords":"","countRatio":1,"countClick":149,"countDiscuss":0,"countPraise":0,"countShare":0,"countShareClick":0,"pic3":"","pic2":"","pic1":"https://image.ifnews.com/data/1/images/2025/0219/17399420214701662_600x338.jpg","bigPic":0,"tag":"","shortTitle":"","content":"<p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">部分上市公司为掩盖经营困境铤而走险财务造假。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">近期，*ST宁科及其实际控制人虞建明收到中国证监会宁夏监管局的《行政处罚事先告知书》，<strong>因2022年年度报告存在虚假记载及未及时披露多项重大事件，公司被处以550万元罚款，虞建明被罚款400万元并采取6年证券市场禁入措施。</strong>其他责任人包括时任董事长、总经理、财务总监等也被追责，合计罚款达1365万元。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><img class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100038651\" data-ratio=\"0.6609808102345416\" data-s=\"300,640\" src=\"https://image.ifnews.com/data/1/images/2025/0219/17399419477381712_938x620.png\" data-type=\"png\" data-w=\"938\" data-imgqrcoded=\"1\" style=\"margin: 0px; padding: 0px; max-width: 100%; height: auto !important; box-sizing: border-box !important; overflow-wrap: break-word !important; vertical-align: bottom;\"/></p><p class=\"mt-picture-desc-center\" style=\"font-weight: normal; color: rgb(153, 153, 153); font-size: 15px; line-height: 1.75; margin: 5px 0px; text-align: center; text-indent: 0px;\">制图：佘诗婕</p><p><br/></p><section><section><section><section><section><section><section><p class=\"mt-title-sm-left\" style=\"font-weight: bold; color: rgb(34, 34, 34); font-size: 18px; line-height: 1.75; margin: 15px 0px; text-align: left; text-indent: 0px;\"><strong>财务造假</strong></p></section><section><br/></section></section></section></section></section></section></section><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">*ST宁科全称宁夏中科生物科技股份有限公司，其前身为1998年上市的新日恒力，原本是一家钢丝绳、预应力混凝土用钢绞线制造企业。2018年，公司将金属制品业务相关的资产和负债置出上市公司，主营业务变为活性炭制品的生产及销售、干细胞制备和储存、贸易等。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">经过多次转型和重组，*ST宁科逐渐发展成为以生物科技为核心的多元化企业。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">除1998年在上交易所上市募集2.25亿资金外，2001年及2011年，其还进行过2次增发，累计募集资金超9亿元。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>公告披露，*ST宁科通过控股子公司宁夏中科生物新材料有限公司（中科新材）虚构2022年营业收入7659.41万元、利润7722.20万元，分别占当期营收和利润总额的11.25%和46.59%。</strong>这一行为直接导致年报数据严重失真，掩盖了公司实际经营困境。虞建明作为实际控制人，被认定“组织、指使”子公司实施造假，其行为被监管认定为“情节严重”，成为处罚的核心对象。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">黄海粟，陈瑞、董春香等相关人员也受到了相应处罚。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>除财务造假外，*ST宁科还存在多项信息披露违规行为。</strong></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>首先是重大债务隐匿，</strong>其子公司中科新材和华辉环保在2022年及2023年累计借款余额分别达1.08亿元和6426万元，占公司净资产的11.82%和10.88%，但相关信息迟至2024年9月才披露。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>同时，*ST宁科还存在着银行账户冻结与停产隐瞒。</strong>截至2023年底，公司及子公司58个银行账户被冻结（含45个主要账户），且子公司中科新材自2024年2月停产后未及时公告，均构成重大信披遗漏。</p><section><br/></section><section><section><section><section><section><section><section><p class=\"mt-title-sm-left\" style=\"font-weight: bold; color: rgb(34, 34, 34); font-size: 18px; line-height: 1.75; margin: 15px 0px; text-align: left; text-indent: 0px;\"><strong>退市压力</strong></p></section><section><br/></section></section></section></section></section></section></section><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">自2025年2月17日起，*ST宁科股票被上海证券交易所叠加实施其他风险警示。2021年—2023年，*ST宁科的扣非净利润均为负值，且2023年审计报告显示持续经营能力存疑。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>除此之外，由于子公司中科新材自2024年2月停产，公司主要业务陷入瘫痪，触发《股票上市规则》风险警示条款。</strong></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">此次，年报虚假记载直接导致监管处罚，进一步强化风险警示。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">尽管此次处罚未直接触发退市，但*ST宁科仍面临多重退市压力。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">2023年，财报被出具“无法表示意见”审计报告，若2024年财报再获负面意见，股票将终止上市。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>2024年预计归母净利润亏损5.8亿至6.5亿元，年末净资产或仅存4000万至6000万元。</strong></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><img alt=\"image.png\" class=\"rich_pages wxw-img\" data-backh=\"338\" data-backw=\"578\" data-imgfileid=\"100039013\" data-ratio=\"0.5844155844155844\" src=\"https://image.ifnews.com/data/1/images/2025/0219/17399419479161655_1080x631.png\" data-type=\"png\" data-w=\"1232\" data-imgqrcoded=\"1\" style=\"margin: 0px; padding: 0px; max-width: 600px; height: auto; box-sizing: border-box !important; overflow-wrap: break-word !important; vertical-align: bottom; width: 578px;\"/></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>据其2024年三季度报，其还面临流动性危机，截至2024年三季度，其流动负债高达18.71亿元，货币资金仅1233万元。</strong></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\"><strong>事实上，2019年—2023年，除2020年盈利2100万外，*ST宁科在其余年份均亏损，净利润分别为-0.45亿元、0.21亿元、-0.23亿元、-2.11亿元及-4.65亿元。</strong></p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">但业绩不佳并不是财务造假的理由。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">相关人士表明，财务造假与信披违规不仅损害投资者利益，更可能加速企业退市进程。监管重罚虽彰显执法力度，但投资者需警惕此类高风险标的，并通过法律途径维护权益。</p><p class=\"mt-p-default\" style=\"font-weight: normal; color: rgb(34, 34, 34); font-size: 17px; line-height: 1.75; margin: 10px 0px; text-align: justify; text-indent: 2rem;\">未来，公司能否通过债务重组或业务转型扭转颓势还是直接退市，仍待观察。</p>","extField":{"catalogName":"","att":[],"isShareIcon":0,"images":2,"shareIcon":"","videos":0,"audits":[],"articleExt":[]},"isHide":0,"columnID":39,"columnName":"IPO","columnStyle":0,"discussClosed":0,"countClickInit":0,"fullColumn":"IPO","articleUrl":"","specialId":0,"linkID":0,"articleExt":[],"ipCity":"","activityStatus":0,"att":[],"shareIcon":"","images":[{"imgUrl":"https://image.ifnews.com/data/1/images/2025/0219/17399419477381712_938x620.png","imageUrl":"","imgDesc":"","placeholder":"##########"},{"imgUrl":"https://image.ifnews.com/data/1/images/2025/0219/17399419479161655_1080x631.png","imageUrl":"","imgDesc":"","placeholder":"##########"}],"videos":[],"videoExif":{},"htmlAbstract":"","relArticle":[],"auditUsers":[],"countCollect":0}