严重财务造假！监管出手，重罚

Core Viewpoint - Shanghai Longyu Data Co., Ltd. (Longyu Co.) has been severely penalized by regulators for significant financial fraud, including inflated revenue and profits over four consecutive years [1][2][3]. Group 1: Financial Misconduct - Longyu Co. was found to have inflated its operating revenue and profits in its annual reports for 2019, 2020, 2021, and 2022 [5][6]. - The inflated figures included 2.242 billion yuan in 2019 (16.61% of reported revenue), 3.986 billion yuan in 2020 (44.57%), 4.024 billion yuan in 2021 (50.46%), and 4.288 billion yuan in 2022 (42.95%) [5][6]. - Profit inflation was also significant, with 5.73 million yuan in 2019 (60.48%), 11.137 million yuan in 2020 (10.36%), 9.5195 million yuan in 2021 (7.48%), and 10.9332 million yuan in 2022 (23.92%) [5][6]. Group 2: Regulatory Actions - The China Securities Regulatory Commission (CSRC) plans to impose a fine of 11.5 million yuan on Longyu Co. and issue warnings to the company and its responsible individuals [2][7]. - Key executives, including the actual controller Xu Zengzeng, face significant fines and a ten-year ban from the securities market due to their involvement in the fraudulent activities [7][8]. - Longyu Co. has been terminated from the stock exchange and will be transferred to the National Equities Exchange and Quotations system for management [8]. Group 3: Business Operations - Longyu Co.'s main business includes data center (IDC) services and bulk commodity trading, with a strategic focus on building standardized professional computer rooms and providing a stable operating environment for client servers [8].