退市仍追责！九有投资被重罚，原董事长遭10年禁业！

Core Viewpoint - The case of Hubei Jiuyou Investment Co., Ltd. highlights the ongoing regulatory pressure in China's capital markets, emphasizing that companies cannot evade accountability even after delisting due to significant violations [9]. Group 1: Regulatory Actions - Jiuyou Investment and its former chairman Li Ming were fined a total of 23.5 million yuan for failing to disclose related party transactions and for three years of false financial reporting [9]. - The China Securities Regulatory Commission (CSRC) imposed a 10-year market ban on Li Ming due to his significant role in the violations [7][15]. Group 2: Violations and Financial Misreporting - Jiuyou Investment failed to disclose related party transactions, notably a 2020 transaction involving the acquisition of 90% of Bohu Zongxiang Information Technology Co., Ltd. for 63.9732 million yuan, which constituted 142.30% of the reported net assets [5][12]. - The 2020 annual report falsely inflated non-operating income by 63.9732 million yuan, which accounted for 471.03% of the reported total profit [5][12]. - From 2021 to 2023, Jiuyou Investment's subsidiaries engaged in fictitious service and marketing activities, leading to inflated revenues and profits in their annual reports [6][13]. - The 2021 report overstated revenue by 43.712 million yuan (16.29% of reported revenue) and profit by 4.53 million yuan (5.07% of reported profit) [14]. - The 2022 report inflated revenue by 150 million yuan (49.44% of reported revenue) and profit by 11.993 million yuan (13.49% of reported profit) [14]. - The 2023 report showed inflated revenue of 160 million yuan (40.64% of reported revenue) and profit by 17.837 million yuan (27.61% of reported profit) [14].