On the evening of February 2, Poten Environment Group Co., Ltd. (hereinafter referred to as Poten Environment) issued an announcement on receiving the "Regulatory Work Letter on Matters Related to the Implementation of Major Illegal Forced Delisting of Poten Environment Group Co., Ltd." In the regulatory work letter, it was determined that there were false records in the annual reports disclosed by Poten Environment from 2017 to 2021, and the total amount of false records in the balance sheet in 2020 and 2021 reached more than 500 million yuan for two consecutive years, "the illegal acts lasted for a long time, and the false records amounted to a large amount and accounted for a high proportion, which seriously damaged the market order". Based on this, the Shanghai ** Stock Exchange has issued a prior notice to Poten Environment for the mandatory delisting of major violations, requiring it to fully warn of the risks and do a good job in the relevant work of terminating the listing. 
February** Dynamic Incentive Program
The Advance Notice on the Proposed Termination of the Listing of Poten Environment Group's Shares" was issued immediately after the regulatory work letter, disclosing the details of the false record. Among them, in 2020, Poten Environment underrecorded accounts receivable by 3,819,45001 yuan, more than 822,391,385 projects under construction38 yuan (about 8.)200 million yuan), overwriting accounts payable 351,020,60835 yuan (about 3.)500 million yuan); In 2021, the accounts receivable were overrecorded by 419,294,14587 yuan (about 4.)200 million yuan), overwriting accounts payable 358,269,67033 yuan. Finally, it was determined that its operating income and profits were inflated or inflated in a variety of ways.
According to the notice, if Poten Environment applies for a hearing, it shall submit a written application for a hearing stating the matters for which the hearing is requested and the reasons for the defense within 5 trading days after receiving this notice. From February 25, 2024, *ST Poten will be officially suspended. According to the public information of Poten Environment, the company was established in 1995 and landed in the A** field in 2017, mainly engaged in water environment solutions, water treatment equipment, water investment and operation management, environmental restoration, and formed an integrated solution covering the whole industry chain in the fields of industrial water treatment, urban and rural water environment, membrane product manufacturing and services, soil and groundwater remediation, etc. Prior to this, Poten Environment had issued a number of risk warning announcements, revealing that the company may be forced to delist due to major violations. Until recently, the regulatory hammer finally fell. On March 31, 2023, Poten Environment also took the initiative to correct the accounting errors such as the amount of false records involved in the relevant year, and made retrospective adjustments to the consolidated financial statements and the financial statements of the parent company from 2017 to 2021, and its self-admitted correction was as follows: In 2017, the accounts receivable were overrecorded by 72,056,84199 yuan, and 278,613,919 more projects under construction$45, overwriting accounts payable 225,588,99404 yuan; In 2018, the accounts receivable were overrecorded by 392,962,64760 yuan, more than 1,058,923,120$64, overwriting accounts payable 790,017,08310 RMB; In 2019, the accounts receivable were overrecorded by 6,592,81933 yuan, 881,388,595 more projects under construction$13, overwriting accounts payable 349,989,29235 yuan; In 2020, accounts receivable were underrecorded by 3,819,45001 yuan, more than 822,391,385 projects under construction$38, overwriting accounts payable 351,020,60835 yuan; In 2021, the accounts receivable were overrecorded by 419,294,145$87, with an overstatement of accounts payable of $358,269,67033 yuan. Not long ago, Poten Environment just announced the "2023 Annual Performance Forecast", and it is expected that the net profit attributable to shareholders of listed companies in 2023 will be 5,010000000 to 7,000000000000 yuan, compared with the same period last year, will be a decrease of 9686% to 9562%。Disclaimer: The purpose of this site to publish this information is to disseminate more information, and it has nothing to do with the position of this site. And solemnly remind all readers, ** risk, investment needs to be cautious, this article is not used as any investment reference and reliance.