Core Viewpoint - Shenzhen Tefa Information Co., Ltd. has received a criminal judgment regarding a case of contract fraud and embezzlement involving its acquisition of Shenzhen Tefa Dongzhi Technology Co., Ltd. The company is currently in the position of the victim in this case, and the impact on its profits remains uncertain [2][5]. Group 1: Case Details - The case involves defendants Chen Chuanrong, Yi Zongxiang, Liu Ying, Wang Ling, and Liu Bing, with Shenzhen Tefa Information being the victim [2][3]. - The company was informed of the investigation by the Shenzhen Public Security Bureau on July 18, 2022, leading to the prosecution by the Shenzhen People's Procuratorate [2][3]. Group 2: Judgment Outcomes - The court found that the defendants committed contract fraud by using financial deception to illegally obtain property from Tefa Information, with the total amount involved being particularly large [3]. - The judgment includes the recovery of criminal proceeds from the defendants, totaling approximately RMB 144,962,570.45 (after deductions), along with additional amounts from other defendants [3]. Group 3: Future Implications - The current judgment is a first-instance ruling and has not yet taken effect, leaving the final outcome and its implications for the company's profits uncertain [5]. - The company will continue to disclose information regarding the case's progress as necessary [5].

Core Viewpoint - The case involving TeFa Information has reached a first-instance verdict after over three years, with the court ruling on contract fraud and embezzlement related to the acquisition of Shenzhen TeFa Dongzhi Technology Co., Ltd. [2][5] Group 1: Case Details - The defendants include Chen Chuanrong, Yi Zongxiang, Liu Ying, Wang Ling, and Liu Bing, with TeFa Information being the victim of the fraud [6] - The court found that the defendants engaged in financial fraud to illegally obtain assets from TeFa Information, constituting contract fraud [9] - The court ordered the recovery of approximately 145 million yuan in cash and unsold shares from Chen Chuanrong, along with other amounts from the other defendants [9] Group 2: Financial Fraud Mechanism - The Shenzhen Securities Regulatory Bureau identified that TeFa Dongzhi inflated revenue and manipulated costs through various fraudulent accounting practices from 2015 to 2019 [10][11] - Specific fraudulent activities included falsifying procurement orders and related logistics documents, resulting in inflated revenue of 328 million yuan and inflated profits of 43.87 million yuan [11] - The evidence indicated that Chen Chuanrong and Yi Zongxiang orchestrated the financial fraud, while Wang Ling and Liu Ying played significant roles in falsifying financial data [11]

【 导读 】 特发信息被合同诈骗、职务侵占一案 ，历时3年多迎来 一审判决 中国基金报记者 闻言 12月11日晚间，特发信息发布公告称，广东省深圳市中级人民 法院近日 出具《刑事判决书》 ，针对公司收购深圳特发东智科技有限公司 （以下简称特发东智）被合同诈骗、职务侵占一案完成一审判决。 《刑事判决书》 显示， 陈传荣 等4名原特发东智股东， 通过财务造假的方式骗取 特发信息 财物，数额特别巨大，均构成合同诈骗罪。 截至 12月11日收盘，特发信息股价报13.37元/股，跌幅达9.97%，总市值为120.4亿元。 历时3年多迎来一审判决 2022年7月18日，特发信息收到 深圳市公安局 关于此案件的 《立案告知书》 。此案件 后由深圳市公安局移送至广东省深圳市人民检察 院起诉 。如今，此案件迎来一审判决。 具体来看，此案件被告人为陈传荣、易宗湘、刘颖、王凌、刘冰，被害单位是特发信息。 同时，2019年，特发东智通过伪造采购订单和相关物流单据等方式，虚构与深圳市友华通信技术有限公司、中国移动通信集团终端有限公 司销售业务，虚增营业收入3.28亿元、营业成本2.84亿元，虚增利润总额为4386.71万元。 深圳证监 ...

Core Viewpoint - The court has issued a first-instance judgment regarding the contract fraud and embezzlement case involving TeFa Information, concluding a legal process that lasted over three years [5]. Group 1: Case Overview - TeFa Information announced that the Shenzhen Intermediate People's Court has issued a criminal judgment related to the acquisition of Shenzhen TeFa Dongzhi Technology Co., Ltd., which was involved in contract fraud and embezzlement [2]. - The defendants, including Chen Chuanrong and others, committed contract fraud by falsifying financial data to illegally obtain assets from TeFa Information, with the amount being particularly large [7]. Group 2: Financial Implications - The court ordered the recovery of all criminal proceeds from Chen Chuanrong related to contract fraud, including unsold TeFa Information stocks and approximately 145 million yuan in cash, after deducting profit compensation of 120 million yuan and 1.655 million yuan returned by Wang Ling [7]. - The court also mandated the recovery of embezzled funds amounting to 2.7642 million yuan from Chen Chuanrong and Liu Bing, and 21.5506 million yuan from Yi Zongxiang, along with 4.1842 million yuan from Liu Ying, to be returned to TeFa Information [7]. Group 3: Regulatory Findings - The Shenzhen Securities Regulatory Bureau found that TeFa Dongzhi engaged in financial fraud by manipulating operating costs and fabricating business transactions, resulting in inflated revenues and profits [8]. - From 2015 to 2019, TeFa Dongzhi falsely reported sales and costs, inflating revenue by 328 million yuan and profits by 43.8671 million yuan through fraudulent activities [9].

Core Viewpoint - The company TeFa Information has been involved in a legal case regarding contract fraud and embezzlement related to its acquisition of Shenzhen TeFa Dongzhi Technology Co., Ltd, with a court ruling to recover over 170 million yuan from the defendants [1][6]. Group 1: Legal Issues - The court has ruled to recover a total of over 170 million yuan from multiple defendants involved in the fraud case, which will be returned to TeFa Information [1][6]. - The fraud case originated from the acquisition of TeFa Dongzhi, with the defendants committing fraud through financial manipulation [4][8]. - The court's ruling includes the recovery of specific amounts from individual defendants, including 145 million yuan in cash and stocks from one defendant, and additional amounts from others [4][8]. Group 2: Company Performance - TeFa Information has been operating in the optical communication industry for over 30 years, developing four main business segments: cables, smart services, integrated business, and property asset management [5][9]. - The company reported a revenue of 3.184 billion yuan for the first three quarters of the year, a decrease of 10.04% year-on-year, while net profit attributable to shareholders increased by 80.75% to 7.9961 million yuan [5][9]. - The company faces both opportunities and challenges due to advancements in technology such as AI and 5G, but also experiences a contraction in domestic demand for optical communication networks [5][9].

Core Viewpoint - The court has issued a first-instance criminal judgment regarding the contract fraud and embezzlement case related to the acquisition of Shenzhen TeFa DongZhi Technology Co., Ltd by TeFa Information, resulting in the recovery of over 170 million yuan in criminal proceeds to be returned to the company [1][4]. Group 1: Legal Proceedings - The case stems from TeFa Information's acquisition of TeFa DongZhi, which led to allegations of contract fraud and embezzlement [3]. - The Shenzhen Intermediate People's Court has ordered the recovery of criminal proceeds from multiple defendants, totaling over 170 million yuan, which will be returned to TeFa Information [1][4]. - The defendants were found guilty of contract fraud and embezzlement, with significant amounts of money involved, including 145 million yuan in stocks and cash from one defendant alone [4]. Group 2: Stock Performance - TeFa Information's stock has experienced significant volatility, with a 130% increase in price year-to-date, but faced a recent drop, including a limit down on December 11 [1][4]. - The company's market capitalization was reported at 12.04 billion yuan as of December 11 [1]. Group 3: Financial Performance - In the first three quarters of the year, TeFa Information reported a revenue of 3.184 billion yuan, a year-on-year decrease of 10.04%, while net profit attributable to shareholders was 7.9961 million yuan, an increase of 80.75% [5]. - The company has been operating in the optical communication industry for over 30 years, with a strong presence in various segments, including cable, smart services, and property asset management [5].

Core Viewpoint - The company, Tefa Information, has received a first-instance criminal judgment regarding a contract fraud and embezzlement case related to its acquisition of Shenzhen Tefa Dongzhi Technology Co., Ltd, highlighting its commitment to protecting shareholder interests and legal rights [1][2]. Group 1: Case Background - On July 18, 2022, Tefa Information received a notice from the Shenzhen Public Security Bureau regarding the case, and subsequently cooperated with the investigation, which was transferred to the Shenzhen People's Procuratorate in 2023 [1]. - The defendants, including Chen Chuanrong, Yi Zongxiang, Liu Ying, and Wang Ling, were found guilty of contract fraud and embezzlement through financial deception during the agreement process [1]. Group 2: Judgment Details - The first-instance judgment mandates the recovery of the defendants' criminal proceeds, including approximately 145 million yuan in unsold Tefa Information stocks and cash after deductions, along with embezzled amounts totaling approximately 2.7642 million yuan from Chen Chuanrong and Liu Bing, 24.5506 million yuan from Yi Zongxiang, and 4.1842 million yuan from Liu Ying [2]. - Wang Ling has returned approximately 1.6545 million yuan, which will also be returned to Tefa Information [2]. Group 3: Company Response and Governance - Tefa Information, as the victim, has prioritized shareholder interests and actively pursued legal avenues to safeguard its rights, reflecting a strong sense of corporate governance responsibility [2]. - The criminal judgment represents a significant step in the company's efforts to protect its legal rights, although the final judgment and subsequent execution remain uncertain [2].

Core Viewpoint - On December 11, the Shanghai Composite Index fell by 0.70%, with institutional investors appearing on the trading lists of 31 stocks, net buying 14 and net selling 17 [1] Institutional Trading Summary - Institutional special seats net bought the most in ZTE Corporation, which closed at the daily limit down, with a turnover rate of 10.83% and a transaction amount of 16.919 billion. The net buying amounted to 632.27 million from three institutional seats, while the total net selling from other seats was 791 million [2] - Zhengbang Technology closed at the daily limit up, with a turnover rate of 8.90% and a transaction amount of 2.16 billion. The net buying from six institutional seats totaled 345.92 million, while the total net selling was 194 million [2] - China Uranium Industry saw a price increase of 5.95%, with a turnover rate of 52.17% and a transaction amount of 5.486 billion. The net buying from five institutional seats was 181.41 million, with a total net inflow of 116 million [3] Performance of Net Bought Stocks - The average increase of stocks with net institutional buying was 5.25%, outperforming the Shanghai Composite Index. Stocks like Fuxin Technology and Putian Technology showed strong performance, closing at the daily limit [3] - Among the stocks with net institutional buying, two companies provided earnings forecasts for 2025, both indicating an increase. China Uranium Industry had the highest expected net profit growth of 11.42% year-on-year, with a median expected net profit of 1.625 billion [3] Institutional Selling Summary - The stock with the highest net selling by institutions was Yonghui Supermarket, which had a volatility of 15.15%. The net selling from two institutional seats totaled 394.58 million, with a total net outflow of 1.887 billion [4] - TeFa Information had a volatility of 18.03% and a net selling of 174.52 million from three institutional seats, with a total net outflow of 504 million [4] - Shunhao Co. had a turnover rate of 34.79% and a net selling of 157.61 million from seven institutional seats, with a total net inflow of 341 million [4] Deep and Shanghai Stock Connect Summary - On December 11, 17 stocks on the trading list had appearances from Deep and Shanghai Stock Connect, with net buying in Yonghui Supermarket, Zhenlei Technology, and Jin Feng Technology, amounting to 100 million, 83.05 million, and 68.63 million respectively. Net selling occurred in ZTE Corporation, Aerospace Power, and Zhengbang Technology, totaling 106 million, 93.06 million, and 63.54 million respectively [7][9]

格隆汇12月11日丨特发信息(000070.SZ)公布，针对公司因收购深圳特发东智科技有限公司被合同诈 骗、职务侵占一案，公司于近日收到广东省深圳市中级人民法院出具的《刑事判决书》。经依法审理， 被告人陈传荣、易宗湘、刘颖、王凌以非法占有为目的，在签订、履行协议过程中，通过财务造假的方 式，骗取特发信息财物，数额特别巨大，其四人的行为均已构成合同诈骗罪；被告人陈传荣、刘冰还利 用职务上的便利，将单位财物非法占为己有，数额巨大，其二人行为均构成职务侵占罪。本次刑事判决 仅为一审判决，公司为被害单位，目前判决尚未生效，案件最终判决及后续执行结果尚存在不确定性， 对公司本期利润和期后利润的影响存在一定不确定性。 ...

人民财讯12月11日电，特发信息（000070）12月11日公告，针对公司因收购深圳特发东智科技有限公司 被合同诈骗、职务侵占一案，公司于近日收到广东省深圳市中级人民法院出具的《刑事判决书》。经依 法审理，被告人陈传荣、易宗湘、刘颖、王凌以非法占有为目的，在签订、履行协议过程中，通过财务 造假的方式，骗取特发信息财物，数额特别巨大，其四人的行为均已构成合同诈骗罪；被告人陈传荣、 刘冰还利用职务上的便利，将单位财物非法占为己有，数额巨大，其二人行为均构成职务侵占罪。本次 刑事判决仅为一审判决，公司为被害单位，目前判决尚未生效，案件最终判决及后续执行结果尚存在不 确定性，对公司本期利润和期后利润的影响存在一定不确定性。 ...