紫晶存储股价跌到6毛钱，造假者全部判刑了

Core Viewpoint - The case of Zijing Storage highlights significant financial fraud within the company, leading to the sentencing of ten individuals involved in the scheme, which has raised concerns about the integrity of the capital market [1][2][5]. Group 1: Company Overview - Zijing Storage, listed on the New Third Board in 2016, became the only mainland optical storage company recognized by the International Blu-ray Alliance after being supported by CITIC Securities [1][8]. - The company quickly transitioned to the Sci-Tech Innovation Board but faced a dramatic decline in performance shortly after its IPO, attributed to fraudulent activities rather than advanced technology [1][8]. Group 2: Fraudulent Activities - From 2017 to mid-2019, Zijing Storage inflated its revenue by 222 million yuan through fictitious sales contracts and forged logistics documents [4][11]. - In 2019, the company exaggerated its profits to create a false sense of prosperity, with half-year profit inflation reaching 137% of total profits [4][11]. - In 2020, Zijing Storage reported inflated revenue of 328 million yuan, accounting for over 58% of its total revenue, and inflated profits by 169 million yuan, representing 150% of its total profits [4][11]. Group 3: Consequences and Legal Actions - Following the exposure of the fraud, ten executives, including the CEO Zheng Mu and COO Luo Tiewei, were sentenced, with Zheng receiving a prison term of seven and a half years [7][14]. - The company faced significant financial repercussions, with CITIC Securities and other intermediaries paying a total of 12.75 billion yuan in compensation to investors [5][12]. - The fraudulent activities led to a drastic decline in stock price, from a peak of over 80 yuan to just 0.6 yuan before delisting, resulting in substantial losses for investors [5][12].