ST起步及六位责任人被起诉，财务造假案的追责仍在持续

Core Viewpoint - ST Qibu (603557.SH) is facing criminal charges for fraudulent issuance of securities and other violations, following administrative penalties for financial misconduct, highlighting the increasing regulatory scrutiny on financial fraud in listed companies [2][3][5]. Group 1: Legal and Regulatory Actions - ST Qibu and six related individuals have been prosecuted by the Lishui People's Procuratorate for fraudulent issuance of securities and failure to disclose important information [2][3]. - The company has already faced administrative penalties totaling 77 million yuan in 2023 for financial fraud and other violations [5][6]. - The prosecution includes former executives such as the chairman and general manager, indicating a serious breach of legal obligations [3][5]. Group 2: Financial Performance and Challenges - ST Qibu has reported continuous financial losses, with a total loss of 1.845 billion yuan over the past five years, and a significant increase in debt levels [7][8]. - The company's asset-liability ratio has exceeded 90% in recent years, indicating severe financial distress [7]. - Despite attempts to recover through asset sales and online business expansion, the company has not managed to reverse its loss trend [7][8]. Group 3: Future Outlook - For the first half of 2025, ST Qibu anticipates further losses, projecting a net loss of 30 million to 45 million yuan, primarily due to intense competition in the textile and apparel industry [9]. - The company has made efforts to improve revenue through inventory clearance and increased online sales, but these measures have not yet stabilized its financial situation [8][9].