中泰证券再度成为被告人，卷入新三板保荐企业财务造假风波

Core Viewpoint - Zhongtai Securities is embroiled in a securities fraud case involving a New Third Board company, which has led to significant financial losses for investors and raised concerns about the company's compliance and operational integrity [3][4][5]. Group 1: Company Background - Zhongtai Securities, known as the "King of New Third Board Market Making," was once a leading player, successfully listing over 100 companies annually at its peak, ranking third nationally [3][10]. - As of June 30, 2023, the number of stocks under Zhongtai's market-making has dwindled to 29, with only three new listings in the first half of the year, indicating a decline in its New Third Board business [3][16]. Group 2: Legal Issues and Allegations - Zhongtai Securities is facing a lawsuit from Tongxi Capital Management Co., Ltd. regarding securities fraud related to Shandong Xinqiu Agricultural Technology Co., Ltd. (Xinqiu Agriculture), which allegedly involved significant financial misrepresentation [4][17]. - The lawsuit claims that Xinqiu Agriculture's financial reports were fraudulent, leading to the company's forced delisting and total loss of investment for Tongxi Capital, which had invested 8 million yuan [5][18]. Group 3: Regulatory Actions - The Shandong Securities Regulatory Bureau has previously penalized Xinqiu Agriculture for financial misconduct, including a fine of 600,000 yuan in April 2018 for false financial reporting [8][9]. - Zhongtai Securities has also faced regulatory scrutiny, including a 1 million yuan fine for colluding with a New Third Board company to manipulate stock prices [11][12][23]. Group 4: Financial Misrepresentation Details - Investigations revealed that Xinqiu Agriculture inflated its revenue by fabricating transactions with non-existent clients, resulting in significant discrepancies in reported financial data [7][20]. - Specific instances of inflated revenue include 13.84 million yuan from fictitious sales to a company named Hongjia Textile and 8.91 million yuan from another fictitious transaction with Xinglong Textile [21][22].