卓朗科技内部大动荡，多名负责人受到处罚

Core Viewpoint - Tianjin Zhuolang Information Technology Co., Ltd. (Zhuolang Technology) is facing significant operational and financial challenges, including account freezes, executive resignations, and severe financial misconduct allegations, which have led to investor lawsuits and regulatory penalties [1][2][3] Financial Misconduct - Zhuolang Technology's annual reports from 2019 to 2023 have been severely distorted, with inflated operating revenue figures reaching 249.15 million, 489.13 million, 338.61 million, 656.13 million, and 82.25 million, representing 21.05%, 45.19%, 41.60%, 72.46%, and 13.22% of reported revenues respectively [2] - The inflated total profit figures were also alarming, amounting to 249.15 million, 309.90 million, 338.61 million, 357.13 million, and 82.25 million, constituting 33.81%, 7.68%, 41.26%, 86.08%, and 50.27% of reported profits respectively [2] Regulatory Issues - Zhuolang Technology has been penalized by the China Securities Regulatory Commission for false reporting, with findings indicating that its subsidiary fabricated sales of servers, software, and system integration services, creating a closed-loop funding mechanism with no real commercial substance [1][2] - The company failed to disclose significant external guarantees, including a 4.91 billion collateral agreement with Tianjin Rural Commercial Bank, which represented 71.89% and 14.82% of the audited net assets at the end of 2019 and 2020 respectively [3] Investor Actions - Following the regulatory penalties, investors have initiated lawsuits against Zhuolang Technology, seeking compensation for losses incurred from March 21, 2019, to March 14, 2024, with cases currently under review by the Tianjin First Intermediate People's Court [3]