靠财务造假扭亏为盈！西科集团被罚！曾拟IPO浙商证券辅导

Core Viewpoint - Xike Group has been penalized for financial fraud, resulting in a fine of 4 million yuan and warnings to key individuals involved, highlighting significant issues in corporate governance and financial integrity [1][2][5]. Financial Performance - In 2022, Xike Group inflated its annual revenue by 131 million yuan and its total profit by 33.1 million yuan, which accounted for 43.38% of the company's reported revenue of 302 million yuan and 115.57% of its profit of 286.4 million yuan, respectively [2][3]. - For the first half of 2023, Xike Group reported revenue of 41.1 million yuan, a decline of 58.98% year-on-year, and a net loss of 11.0 million yuan, a staggering drop of 402.33% compared to the previous year [4][3]. Fraudulent Activities - The fraudulent activities involved creating fictitious transactions with suppliers and distributors, resulting in a closed-loop of funds without real business operations, which artificially inflated revenue and profits [3][2]. - Xike Group utilized multiple bank accounts from various suppliers to facilitate these transactions, indicating a complex scheme to misrepresent financial health [3]. Regulatory Actions - The Sichuan Securities Regulatory Bureau issued an administrative penalty against Xike Group, mandating corrective actions and imposing fines on responsible individuals [1][5]. - Xike Group's attempts to go public on the Beijing Stock Exchange were halted, with the company terminating its advisory agreement with the underwriting firm due to adjustments in its listing plans [6]. Company Statements - In its defense, Xike Group claimed it could not bear the financial penalties due to significant debts and the personal financial situation of its actual controller, which was rejected by the regulatory authority [5].