QITIAN Technology(SZ:300061) Zheng Quan Shi Bao·2025-09-06 07:23Core Viewpoint - The Ningbo Securities Regulatory Bureau has imposed a penalty on Li for insider trading, where he profited 260,000 yuan by trading shares of Qitian Technology based on non-public information overheard in a conversation [1][3]. Group 1: Insider Trading Incident - Li overheard a conversation about a potential capital increase involving Qitian Technology on April 15, 2024, and subsequently traded shares through a relative's account on April 29, 2024, resulting in a profit of 260,000 yuan [2][3]. - The insider information was deemed to have been formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [2]. Group 2: Regulatory Actions - The Ningbo Securities Regulatory Bureau conducted an investigation and held a hearing on August 8, 2025, where Li's defense was presented, although he did not attend [2][3]. - The Bureau concluded that Li's actions violated multiple provisions of the Securities Law, constituting insider trading as defined in Article 191 [3][6]. Group 3: Defense and Penalty - Li claimed he did not intentionally seek insider information and used the relative's account to support them financially through stock trading [4][5]. - The Bureau found the calculation of illegal gains to be accurate, confirming the use of the "last in, first out" method for determining profits, and decided to impose a fine of 800,000 yuan along with the confiscation of the illegal gains [6][7].