智云股份被“ST” 昨日复牌“一字”跌停

Core Viewpoint - ST Zhiyun (Zhiyun Co., Ltd.) has received an administrative penalty notice from the Dalian Securities Regulatory Bureau due to false records in its 2022 annual report, leading to a risk warning for its stock trading [1][2] Group 1: Financial Misconduct - The financial misconduct involves the acquisition of Shenzhen Jiutian Zhongchuang Automation Equipment Co., Ltd. (Jiutian Zhongchuang) in 2020, where false records inflated Jiutian Zhongchuang's revenue and profit for 2022 [1][3] - Jiutian Zhongchuang falsely confirmed sales revenue of 59.7345 million yuan and profit of 24.1123 million yuan, which accounted for 13.27% and 7.09% of ST Zhiyun's total revenue and profit, respectively, for the same period [4] - The inflated revenue was facilitated through a circular fund transfer involving three suppliers, with a total of 68.2 million yuan transferred to create the illusion of legitimate sales [4][5] Group 2: Management Accountability - The former general manager of Jiutian Zhongchuang, Zhou Fei, is directly responsible for the financial fraud, including creating false documents and confirming fictitious revenues [1][6] - The former chairman and general manager of ST Zhiyun, Shi Liquan, failed to implement effective controls over Jiutian Zhongchuang, contributing to the violations [6] - Other board members and supervisors also failed to ensure the accuracy of the annual report, indicating a broader management failure [6] Group 3: Legal and Arbitration Issues - ST Zhiyun is involved in an arbitration case with Sichuan Jiutian, claiming 172 million yuan due to inflated net assets and profits by Jiutian Zhongchuang [8] - The arbitration arose from a failure to meet performance commitments post-acquisition, leading to demands for the return of paid equity transfer funds [8] - As part of the arbitration process, assets of ST Zhiyun, including stakes in subsidiaries, have been frozen, indicating potential financial strain [9]