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福建证监局查处*ST紫天财务造假案件 对相关责任主体及人员罚款超3800万元
Shang Hai Zheng Quan Bao·2025-08-22 21:10

Core Viewpoint - The Fujian Securities Regulatory Commission has imposed a total fine of 38.4 million yuan on *ST Zitian for financial fraud and violations of information disclosure regulations, including the failure to disclose the 2024 annual report on time [1][2][3] Group 1: Financial Misconduct - *ST Zitian inflated its revenue by 2.499 billion yuan over two consecutive years, with three financial reports containing fraudulent information [1][2] - In the 2022 annual report, *ST Zitian falsely reported internet advertising fees and SMS service revenues, resulting in an inflated revenue of 778 million yuan, which accounted for 44.59% of the total revenue, and an inflated profit of 85 million yuan, representing 35.99% of the total profit [1][2] - The 2023 semi-annual report showed an inflated revenue of 208 million yuan and profit of 79 million yuan, which constituted 14.56% of the total revenue and 51.64% of the total profit [2] - The 2023 annual report indicated that *ST Zitian's subsidiary improperly recognized revenue of 1.721 billion yuan, accounting for 78.63% of the total revenue, due to incorrect accounting practices [2] Group 2: Regulatory Actions - The Fujian Securities Regulatory Commission has decided to impose a fine of 27.7 million yuan on *ST Zitian and its management team, with lifetime bans on the former chairman and the financial director from the securities market [2] - An additional fine of 3.5 million yuan was imposed for the failure to disclose the 2024 annual report, along with 3.4 million yuan on the management team [2] - The total penalties against *ST Zitian have reached 38.4 million yuan, including previous fines for obstructing law enforcement [2] Group 3: Potential Consequences - *ST Zitian received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing due to financial fraud, which may lead to a forced delisting [3] - Criminal investigations have been initiated against *ST Zitian for concealing accounting documents, with potential further criminal liability for violations of disclosure laws [3] - Investors have begun filing civil lawsuits against *ST Zitian for damages related to the fraudulent activities [3]