Group 1 - The company, Fujian Zitian Media Technology Co., Ltd., is facing a risk of delisting due to financial reporting issues, specifically false records in its annual reports for 2022 and 2023 [1][3] - The company has been ordered by the Fujian Securities Regulatory Bureau to correct its financial reports and undergo a comprehensive audit by a qualified accounting firm within 30 days of receiving the decision [2][3] - As of now, the company has not hired a qualified accounting firm nor submitted a rectification report to the regulatory authority, leading to a risk warning on its stock since May 20, 2025 [2][3] Group 2 - The company's stock experienced abnormal trading fluctuations, with a cumulative price drop of 30% over two consecutive trading days on July 7 and July 8, 2025 [2] - The total amount of false revenue reported for the years 2022 and 2023 is approximately 2.5 billion yuan, which constitutes 63.53% of the total reported revenue for those years [3] - If the company fails to complete the required rectification by July 19, 2025, its stock will be terminated from listing [2][3]

证券代码：300280 证券简称：*ST紫天 公告编号：2025-037 福建紫天传媒科技股份有限公司 公司股票于2025年7月7日、2025年7月8日连续两个交易日收盘价格跌幅偏离值 累计达到30%，根据《深圳证券交易所创业板股票上市规则》的有关规定，属于股票 交易异常波动的情况。 二、公司关注并核实情况的说明 关于公司股票交易异常波动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")股票于2025年7月7日、 2025年7月8日连续两个交易日收盘价格跌幅偏离值累计达到30%，根据《深圳证券 交易所创业板股票上市规则》的有关规定，属于股票交易异常波动的情况。 2、公司于2025年7月7日披露了《关于公司股票可能被终止上市的风险提示公 告》（公告编号：2025-036），因公司财务会计报告存在虚假记载，中国证券监督 管理委员会福建监管局（以下简称"福建证监局"）责令公司对相关年度报告进行 更正并经会计师事务所全面审计。截至目前，公司尚未聘请具备证券、期货相关业 务资格的会计师事务所，也未向福 ...

Group 1 - The company, Fujian Zitian Media Technology Co., Ltd., has been ordered by the Fujian Securities Regulatory Bureau to correct its financial reports due to false records, with a deadline of 30 days from the receipt of the decision [1][2] - As of now, the company has not hired a qualified accounting firm nor submitted a rectification report to the Fujian Securities Regulatory Bureau [1][2] - The company's stock has been placed under delisting risk warning since May 20, 2025, and if the rectification is not completed by July 19, 2025, the stock will be terminated from listing [1][2] Group 2 - The company received a notice on June 27, 2025, indicating potential administrative penalties for suspected violations of information disclosure laws [2] - The investigation revealed that the company's annual reports for 2022 and 2023 contained false records, with a total false revenue amounting to approximately 2.5 billion yuan, which exceeds 50% of the total reported revenue for those years [2]

证券代码：300280 证券简称：*ST紫天 公告编号：2025-036 福建紫天传媒科技股份有限公司 关于公司股票可能被终止上市的风险提示公告 2、公司于2025年6月27日收到福建证监局下发的《行政处罚事先告知书》（闽 证监函〔2025〕308号）（以下简称"告知书"），因涉嫌信息披露违法违规，已 经福建证监局调查完毕，拟作出行政处罚。根据《告知书》认定的事实，公司可能 触及《深圳证券交易所创业板股票上市规则》规定的重大违法强制退市情形，公司 股票将被叠加退市风险警示，可能被实施重大违法强制退市。 一、关于未完成责令整改可能被终止上市的情况说明 公司于2025年2月14日收到福建证监局出具的《决定书》。因公司财务会计报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")于2025年2月14日收到 中国证券监督管理委员会福建监管局（以下简称"福建证监局"）出具的《关于对 福建紫天传媒科技股份有限公司采取责令改正措施的决定》（〔2025〕7号，以下 简称"决定书"）。因公司财务会计报告存在虚假记载 ...

证券代码：300280 证券简称：*ST紫天 公告编号：2025-035 福建紫天传媒科技股份有限公司 关于公司股票叠加退市风险警示情形暨复牌的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")股票自2025年7月7日 （星期一）开市起复牌。 因公司未在法定期限内披露2024年年度报告，并且在公司股票停牌两个月内仍 未披露，根据《深圳证券交易所创业板股票上市规则》第10.4.1条（第一项）的规 定，公司股票自2025年7月7日（星期一）复牌后将被叠加退市风险警示。 二、股票种类、股票简称、股票代码以及被叠加退市风险警示的起始日 1、公司股票种类：人民币普通股（A股）； 2、股票简称仍为"*ST紫天"； 3、股票代码仍为"300280"； 2、因公司未在法定期限内披露2024年年度报告，并且在公司股票停牌两个月 内仍未披露，根据《深圳证券交易所创业板股票上市规则》的相关规定，公司股票 复牌后将被叠加退市风险警示。股票简称仍为"*ST紫天"，证券代码仍为"300280"。 3、叠加退市风险警示后公 ...

智通财经7月6日电，*ST紫天(300280.SZ)公告称，公司未在法定期限内披露2024年年度报告，且在股票 停牌两个月内仍未披露，根据相关规定，公司股票将被叠加退市风险警示。股票简称仍为"*ST紫天"。 公司股票自2025年7月7日（星期一）开市起复牌。 *ST紫天：叠加实施退市风险警示 股票复牌 ...

福建紫天传媒科技股份有限公司 关于公司股票可能被终止上市暨停牌进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300280 证券简称：*ST紫天 公告编号：2025-034 二、停牌进展及后续影响 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")于2025年2月14日收到 中国证券监督管理委员会福建监管局（以下简称"福建证监局"）出具的《关于对 福建紫天传媒科技股份有限公司采取责令改正措施的决定》（〔2025〕7号，以下 简称"决定书"）。因公司财务会计报告存在虚假记载，福建证监局责令公司自收 到决定书之日起30日内对相关年度报告进行更正并经会计师事务所全面审计。截至 目前，公司尚未聘请具备证券、期货相关业务资格的会计师事务所，也未向福建证 监局提交整改报告。根据《深圳证券交易所创业板股票上市规则》第10.4.1条（第 三项）的相关规定，2025年5月20日起，公司股票被实施退市风险警示。再根据《深 圳证券交易所创业板股票上市规则》第10.4.18条（第三项）的相关规定，若公司 股票交易被实施退市风险警示之日起的两个月内仍 ...

Core Viewpoint - *ST Zitian has been heavily penalized by the regulatory authority for serious financial fraud, including fabricating revenue and obstructing regulatory enforcement, leading to significant legal and financial consequences for the company and its management [1][19]. Financial Fraud Details - The financial fraud involved methods such as fictitious business operations and the use of gross revenue recognition instead of net revenue, which significantly inflated reported income [2][8]. - In 2022, *ST Zitian inflated its revenue by 778 million yuan, accounting for 44.59% of its reported income, through fictitious SMS services and improper revenue recognition in advertising [9][10]. - The company continued fraudulent practices into 2023, inflating its revenue by 207 million yuan in the first half of the year and 1.72 billion yuan in the annual report, with the latter accounting for 78.63% of reported income [10][11]. Regulatory Actions and Consequences - The company faced multiple penalties, with 12 current and former executives fined approximately 40 million yuan, and two key individuals banned from the market for life [1][14]. - *ST Zitian is at risk of three types of delisting due to its financial misconduct, including "normative delisting" for failing to rectify significant accounting errors and "major illegal delisting" for two consecutive years of false reporting [15][17]. Investor Impact and Legal Actions - Investors have begun filing civil compensation lawsuits against *ST Zitian, reflecting a growing trend of legal action against companies involved in financial fraud [4][21]. - Regulatory bodies are enhancing protections for investors affected by fraudulent activities, including mechanisms for advance compensation and commitments from responsible parties to ensure timely restitution [22].

Core Viewpoint - The article discusses the severe regulatory violations and penalties faced by Zhitian Technology (ST Zhitian), highlighting significant financial misconduct, obstruction of regulatory enforcement, and the potential for delisting from the stock market due to multiple infractions [1][12][19]. Group 1: Violations and Misconduct - Financial fraud involved inflating revenue by nearly 2.5 billion yuan, accounting for 63.53% of total revenue over two years, with specific methods including fictitious business operations and improper revenue recognition [2][12]. - The company obstructed regulatory enforcement by hiding financial documents and having executives go missing during investigations [3][13]. - The auditing firm, Beijing Yatai, withdrew its audit documents and faced penalties, indicating collusion in the misconduct [4][19]. Group 2: Legal and Regulatory Actions - The company received multiple fines totaling nearly 40 million yuan for various violations, including 8.5 million yuan for financial fraud and 3.5 million yuan for failing to disclose the annual report [8][10]. - Twelve executives were penalized, with significant fines imposed on key individuals, and four core executives received ten-year market bans [9][10]. - Criminal proceedings were initiated against the company for hiding accounting documents, with potential additional charges for failing to disclose important information [5][10]. Group 3: Delisting Risks - Zhitian Technology triggered three delisting mechanisms, making it a rare case in the A-share market, including failure to complete mandated rectifications and significant revenue inflation [12][19]. - The company faces a high probability of delisting due to non-compliance with regulatory requirements and ongoing investigations [12][19]. Group 4: Implications for the Industry - The case signifies a shift towards stricter regulatory enforcement in the capital market, emphasizing a "zero tolerance" approach to financial misconduct [16][19]. - The introduction of rigid delisting rules and a multi-faceted accountability system aims to enhance market integrity and deter future violations [17][18][19]. - The incident serves as a landmark case for reinforcing post-event regulatory oversight under the new registration system, indicating a significant transformation in the capital market landscape [19].

根据*ST紫天近日公告，其收到证监会3份行政处罚告知。 2024年，*ST紫天曾联合审计机构拒绝、阻碍监管部门执法，市场即猜测目的是为隐瞒财务造假重大违 法行为。从如今处罚结果来看，坐实公司通过虚构短信发送服务业务、虚增互联网广告费代充值业务等 行为虚增收入及利润，并且虚增收入、利润金额大、比例高，违法行为恶劣。 2022年至2023年财务造假、阻碍执法、未按期披露2024年定期报告，三者分别触及不同的强制退市指 标，使得*ST紫天同时面临三重退市风险——退市，成为*ST紫天难以扭转的结局。 多重罪状下，财产罚与资格罚同时到来。*ST紫天现任与过往管理层共12人共计被罚约4000万元，2名 主要责任人被终身市场禁入，另有部分责任人被处以5至10年市场禁入。 细看*ST紫天罚单，两个细节值得关注。 细节一，财务造假手段上，除了虚构业务等造假惯用伎俩外，通过总额法虚增收入，是*ST紫天年报虚 假记载的一大原因。 细节二，*ST紫天不仅财务造假，而且拒不配合执法。2024年，福建证监局曾要求*ST紫天报送2021年 至2023年完整财务明细账等相关资料，*ST紫天迟迟未曾提交。 与此同时，*ST紫天相关负责人以拒绝 ...