造假8年，被罚3.75亿！内蒙古前首富跌落，终身禁入市场！

Core Viewpoint - Yili Clean Energy has been penalized for financial fraud and related misconduct, with a total fine of approximately 375 million yuan proposed by the Inner Mongolia Securities Regulatory Bureau, affecting the company, its controlling shareholder, and 29 related individuals [1][8]. Group 1: Company Background - Yili Clean Energy is the only publicly listed company under Yili Group, founded by Wang Wenbiao in 1988, and primarily engages in modern coal chemical products, clean energy, and thermal energy [2]. - The company was once considered a "cash cow" for Yili Group, supporting its extensive expansion efforts [4]. Group 2: Financial Misconduct - From 2016 to 2022, Yili Clean Energy inflated profits, assets, and revenues significantly, with total inflated profits exceeding 125 million yuan, inflated assets over 11 billion yuan, and inflated revenues surpassing 13 billion yuan [5]. - The company and its subsidiaries provided funds to the controlling shareholder and related parties through various financial maneuvers, with 3.906 billion yuan in deposits controlled by Yili Group, constituting 20.38% of the reported net assets [5]. Group 3: Regulatory Actions - The company is accused of fraudulent bond issuance, with two bond issues in 2020 totaling 1 billion yuan, which included false statements and significant omissions from previous annual reports [7]. - Penalties include 210 million yuan for Yili Clean Energy, 30 million yuan for the controlling shareholder, and a total of 135 million yuan for 29 related individuals, including 30 million yuan for Wang Wenbiao [8]. Group 4: Business Decline - Yili Clean Energy has faced continuous losses, reporting losses of 542 million yuan in 2023, 709 million yuan in 2024, and 129 million yuan in the first half of 2024 [10]. - The company's financial troubles are compounded by the downturn in the renewable energy sector and ongoing investigations into its controlling shareholder, Yili Group [10][11].