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

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 was fined 37 million RMB, and its actual controllers and key management personnel 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] - The company went public on the Sci-Tech Innovation Board in February 2020, raising approximately 1.022 billion RMB, but had significant undisclosed liabilities [3][14] Violations of Information Disclosure - After going public, the company continued to misrepresent its financial performance, with the 2019 annual report showing inflated revenue and profits by 52.46% and 94.55%, respectively [4] - The 2020 annual report had inflated figures of 63.15% for revenue and 174.67% for profit [4] - The company failed to disclose significant external guarantees, with amounts not disclosed totaling 125 million RMB from 2019 to 2021, which represented a substantial percentage of the audited net assets [5][14] Legal Consequences - The court sentenced the company's actual controller, Zheng Mu, to a total of seven years and six months in prison, along with a fine of 500,000 RMB [7] - Other key executives received varying sentences, with the original financial director, Li Yanxia, sentenced to six years and six months [8] - The company has been identified as the first to be delisted from the Sci-Tech Innovation Board due to fraudulent activities [14][15] Investor Compensation - Approximately 17,471 investors suffered losses totaling 1.097 billion RMB due to the company's fraudulent activities [6][18] - A compensation fund has been established, with around 10.86 billion RMB already paid to eligible investors [18][19] - Four intermediary institutions involved in the case have agreed to pay a total of approximately 1.275 billion RMB in compensation and have undergone corrective measures [19][20]