Core Viewpoint - Nanjing Yuebo Power System Co., Ltd. has been penalized by the China Securities Regulatory Commission (CSRC) for serious violations including five consecutive years of financial fraud, failure to disclose related transactions, and significant lawsuits, resulting in a total fine of 33.1 million yuan [1][4]. Group 1: Financial Fraud Details - Yuebo Power began financial fraud in its first year of listing, with inflated revenues and profits from 2018 to 2022, including 425 million yuan in 2018, 263 million yuan in 2019, and 138 million yuan in 2020, among others [2][3]. - The company reported inflated profits totaling 1.53 billion yuan in 2018, 32.6 million yuan in 2019, and 36.2 million yuan in 2020, with percentages of reported profits being significantly overstated [2][3]. Group 2: Key Personnel Involved - The CSRC identified key individuals responsible for the violations, including former Chairman and General Manager Li Zhanjiang, who faces a fine of 13.5 million yuan and a 10-year market ban, and other executives facing various fines [4][5]. - The involvement of third parties in the fraud, such as He Jing and Yu Yi, has led to their penalties as well, marking a significant shift in regulatory focus towards holding accomplices accountable [6][7]. Group 3: Regulatory Implications - The CSRC's actions represent a shift from focusing solely on the primary perpetrators of fraud to a comprehensive accountability approach that includes all parties involved in the fraudulent activities [6][8]. - This case may expand the avenues for investor claims, allowing them to pursue compensation from not only the company but also from actual controllers, executives, and accomplices in civil lawsuits [8].
越博动力内斗双方均受处罚!证监会首对配合造假方同步追责,合计开出3310万元罚单
Hua Xia Shi Bao·2025-06-29 08:41