Qibu Co.,Ltd.(SH:603557) Mei Ri Jing Ji Xin Wen·2025-09-25 06:32Group 1 - ST Qibu (SZ603557) was fined 10 million yuan for fraudulent issuance of securities, with former chairman Zhang Limin and five other executives facing prosecution for related offenses [1] - The company has been penalized a total of 62 million yuan for fraudulent issuance, including a previous fine of 52 million yuan from the China Securities Regulatory Commission [1][2] - ST Qibu has experienced continuous financial decline, reporting a revenue drop from 773.4 million yuan in 2020 to 327.3 million yuan last year, with a cumulative net loss of 1.762 billion yuan over five years [2] Group 2 - In the first half of this year, ST Qibu's revenue was 85.84 million yuan, a year-on-year decrease of 33.53%, and the net loss attributable to shareholders was 37.14 million yuan, down 20.13% year-on-year [2] - The company has been under scrutiny for its governance and regulatory compliance, highlighting the need for increased enforcement against market misconduct to protect investor rights [2][3] - The recent legal changes have increased the maximum prison term for fraudulent issuance from 5 to 15 years, reflecting a stronger stance against financial crimes in the capital market [2]