QITIAN Technology(SZ:300061) Mei Ri Jing Ji Xin Wen·2025-09-07 06:30Core Viewpoint - The Ningbo Securities Regulatory Bureau has issued a penalty for insider trading involving Li, who profited approximately 260,000 yuan by trading shares of Qitian Technology after overhearing insider information [1][9]. Group 1: Insider Trading Incident - Li overheard discussions about a potential partnership between Qitian Technology and another company while at the office, leading to trades made through a relative's account [1][7]. - The total transaction amount for the shares purchased was around 303,395 yuan, with a profit of 260,022.03 yuan during the insider information sensitive period [7][9]. - The insider information was deemed to have formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [7][9]. Group 2: Company Developments - Qitian Technology was seeking partners for a private placement from 2022 to early 2023, with discussions about finding a public company platform for part of its industry [3][4]. - On April 15, 2024, discussions between Qitian Technology's investment head and the actual controller of Qicaihong led to a strategic cooperation framework agreement for a private placement [4][6]. - Following the announcement of the private placement, Qitian Technology's stock price surged over 100% within a week, rising from 4 yuan per share to a peak of 9.37 yuan [9]. Group 3: Regulatory Actions - The Ningbo Securities Regulatory Bureau found Li's actions to be in violation of the Securities Law, leading to a penalty that included the confiscation of illegal gains and a fine of 800,000 yuan [9][14]. - The calculation of illegal gains was confirmed to be accurate, adhering to regulatory practices, and Li's claims of not intentionally seeking insider information were not accepted [14].