Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. (ST Guangdao) has been found guilty of systematic financial fraud from 2018 to mid-2024, with a total inflated revenue exceeding 1.4 billion yuan, leading to severe regulatory consequences [1][4]. Group 1: Financial Fraud Details - The company engaged in financial fraud by creating false sales and purchase contracts, invoices, bank receipts, delivery notices, and warehouse receipts to inflate both revenue and costs [4]. - The inflated revenues for the years 2018 to mid-2024 were as follows: - 2018: 142.97 million yuan (87.34%) - 2019: 191.56 million yuan (95.39%) - 2020: 223.44 million yuan (98.96%) - 2021: 249.27 million yuan (85.87%) - 2022: 303.97 million yuan (99.39%) - 2023: 282.63 million yuan (98.14%) - 2024 (H1): 71.65 million yuan (88.11%) [4]. - The inflated costs for the same period were: - 2018: 64.65 million yuan (84.53%) - 2019: 85.42 million yuan (91.17%) - 2020: 117.36 million yuan (98.41%) - 2021: 133.08 million yuan (83.30%) - 2022: 162.51 million yuan (99.13%) - 2023: 151.90 million yuan (92.26%) - 2024 (H1): 38.63 million yuan (83.81%) [4]. Group 2: Regulatory Actions and Consequences - The company has been subjected to an administrative penalty by the China Securities Regulatory Commission (CSRC) and is facing mandatory delisting due to serious violations of regulations [2][5]. - Starting from September 15, 2025, the company's stock will be suspended from trading due to the triggering of major illegal delisting circumstances [2]. - ST Guangdao will become the first company to be delisted from the Beijing Stock Exchange since its establishment, as previous delistings were due to transfers rather than direct violations [6].
连续7年财务造假！北交所退市第一股要来了