退市仍追责！又一家被重罚，原董事长遭10年禁业！

Core Viewpoint - Hubei Jiuyou Investment Co., Ltd. (Jiuyou Investment) has been penalized for failing to disclose related party transactions and for false financial reporting over three years, resulting in a total fine of 23.5 million yuan. The former chairman, Li Ming, has been banned from the market for 10 years [2][8]. Group 1: Violations and Penalties - Jiuyou Investment failed to disclose related party transactions, specifically a significant omission in the 2020 annual report regarding the acquisition of 90% of Bohu Zongxiang Information Technology Co., Ltd. for 63.9732 million yuan, which constituted 142.30% of the disclosed net assets [5]. - The 2020 annual report falsely inflated non-operating income by 63.9732 million yuan, which accounted for 471.03% of the total disclosed profit [5]. - From 2021 to 2023, Jiuyou Investment's annual reports contained false records, with subsidiaries inflating revenue and profits through fictitious service and marketing activities [6]. Group 2: Financial Misstatements - The 2021 annual report inflated operating income by 43.712 million yuan, representing 16.29% of the disclosed operating income, and inflated total profit by 4.53 million yuan, accounting for 5.07% of the total profit [7]. - The 2022 annual report inflated operating income by 150 million yuan, which was 49.44% of the disclosed operating income, and inflated total profit by 11.993 million yuan, representing 13.49% of the total profit [7]. - The 2023 annual report inflated operating income by 160 million yuan, constituting 40.64% of the disclosed operating income, and inflated total profit by 17.837 million yuan, which was 27.61% of the total profit [7]. Group 3: Regulatory Actions - The China Securities Regulatory Commission (CSRC) imposed a fine of 8.5 million yuan on Jiuyou Investment and a fine of 15 million yuan on Li Ming, with 5 million yuan as a direct responsible person and 10 million yuan as the actual controller [8]. - Li Ming's actions in the information disclosure violations were deemed severe, leading to a 10-year ban from the securities market [8]. - The Shanghai Stock Exchange also issued a public reprimand against Jiuyou Investment and Li Ming, declaring that Li Ming is unfit to serve as a director, supervisor, or senior management personnel of a listed company for 10 years [8].