金通灵连续6年财务造假超17亿！董事长等6名高管被刑事起诉

Core Viewpoint - Jintongling Technology Group Co., Ltd. has been indicted for six consecutive years of financial fraud, with the prosecution asserting that the company and six key executives should be held criminally liable for serious offenses related to fraudulent stock issuance and the improper disclosure of important information [1][4]. Financial Fraud Methods and Scale - From 2017 to 2022, Jintongling systematically inflated or deflated financial data through various means, including falsifying project completion reports and shipping documents. The company recognized revenue prematurely for undelivered goods and did not deduct sales returns from revenue, leading to inflated operating income and total profit [2]. - The fraud involved Jintongling's wholly-owned subsidiary, Shanghai Yunneng Energy Technology Co., Ltd., and its affiliated company, Jiangsu Yunneng. The inflated operating income for the years 2017, 2018, 2021, and 2022 amounted to 501 million, 550 million, 68.93 million, and 15.3 million respectively, with corresponding inflated total profits of 146 million, 148 million, 7.398 million, and 4.332 million. In 2019 and 2020, the company concealed losses by deflating revenue and inflating profits [2]. Criminal Prosecution and Legal Consequences - The prosecution found that Jintongling, as a company obligated to disclose information, provided annual reports containing false financial data for six consecutive years, misrepresenting losses as profits and causing economic losses to investors. This behavior was deemed particularly serious, warranting criminal liability [3][4]. - The defendants include Jintongling's then-chairman and general manager, Ji Wei, the then-financial director and board secretary, Yuan Xueli, and other key executives, who are to be prosecuted for fraudulent stock issuance and improper disclosure of important information. Notably, all defendants voluntarily confessed, with some having self-reported, which may lead to lighter penalties [4].