财务造假大案，判了！昔日明星科技股实控人等10名高管被判刑，最高7年半！近1.7万名投资者已获赔超10亿元

Core Points - Guangdong Zijing Information Storage Technology Co., Ltd. has been forced to delist due to major violations, including fraud in issuing securities and failure to disclose important information [1][6][14] - The company has been fined 37 million RMB, and its actual controllers and key management personnel have received prison sentences, with the longest being seven years and six months [1][7][8] Summary by Sections Fraudulent Issuance of Securities - The company was found guilty of fraudulently issuing securities, with a total of 413.4 million RMB raised through three rounds of capital increases from September 2016 to July 2018 [3] - The fraudulent activities included signing false sales contracts and fabricating logistics documents to inflate revenue and profits, with inflated profits accounting for 34.83% in 2017 and 32.25% in 2018 [3][14] Violations of Information Disclosure - After going public, the company continued to inflate revenue and profits, with the 2019 annual report showing inflated revenue and profit by 52.46% and 94.55%, respectively [4] - The company failed to disclose significant external guarantees, with undisclosed amounts reaching 145 million RMB in 2019, 185 million RMB in 2020, and 417.9 million RMB in 2021, which were substantial relative to the company's net assets [5] Legal Consequences - The court sentenced the company to a fine of 37 million RMB and imposed prison sentences on key executives, including the legal representative and actual controller, Zheng Mu, who received a total sentence of seven years and six months [7][8] - Other executives received varying sentences, with some receiving prison terms of up to four years and six months for their roles in the fraudulent activities [8][9][10][11][12] Investor Impact - Approximately 17,471 investors suffered losses totaling 1.097 billion RMB due to the company's fraudulent activities, leading to a compensation fund being established [6][19] - By June 30, 2023, around 97.22% of eligible investors had reached settlements, with compensation payments amounting to 1.086 billion RMB [19] Company Background - Founded in April 2010, the company specialized in optical storage technology and was listed on the Sci-Tech Innovation Board in February 2020, initially valued at 14.895 billion RMB [13][14] - The company faced declining performance post-IPO, with significant losses reported in 2021 and a non-standard audit report issued for that year [14]