虚构合同虚增营收！任子行信披虚假遭处罚，受损投资者可索赔！

Core Points - Renzi Hang Network Technology Co., Ltd. has been penalized by the China Securities Regulatory Commission (CSRC) for inflating revenue and profits through non-substantive contracts via its subsidiary, resulting in a fine of 5 million yuan [1] - The company's former chairman and vice president were fined 2.5 million yuan each, while the financial director and a finance manager were fined 1 million yuan each [1] - The company had previously disclosed false financial data in its annual and semi-annual reports from 2020 to mid-2022, which included inflated revenue figures [1] Summary by Sections Administrative Penalty - The CSRC issued an administrative penalty decision on July 18, 2025, against Renzi Hang for false information disclosure and revenue inflation [1] - The company was warned and fined 5 million yuan, with specific penalties for key executives [1] Background of the Case - The investigation began with a notice of case filing from the CSRC on August 9, 2024, due to suspected violations of securities laws [1] - The company acquired 100% of Beijing Yahon Century Technology Development Co., Ltd. between March 2015 and July 2017, which later led to inflated financial reporting through non-commercial contracts [1] Impact on Financial Reporting - The inflated revenue and profit figures were reported in the company's financial statements from 2020 to mid-2022, including false data in the fundraising prospectus disclosed in February 2023 [1] - The company corrected prior accounting errors and adjusted related financial data in April 2023 [1]