1个月52家A股公司解约，中兴财光华会计师事务所大批人员离职

Core Viewpoint - The announcement of an investigation by the China Securities Regulatory Commission (CSRC) has plunged Zhongxing Cai Guanghua Accounting Firm into an unprecedented crisis, following its involvement with Lifang Shuke, which has been penalized for financial misconduct [1][5][6]. Group 1: Impact on Zhongxing Cai Guanghua - From November 28 to December 30, 52 companies in the A-share market terminated their contracts with Zhongxing Cai Guanghua, with a total of 61 companies having done so since October [1][9]. - Approximately 70% of Zhongxing Cai Guanghua's listed company clients have terminated their contracts since October, which is considered a "fatal blow" for any accounting firm [1][10]. - The firm has lost significant business, with its client base dropping from 89 listed companies to a much-reduced number due to the ongoing crisis [9][10]. Group 2: Reasons for Client Termination - Cloud Ding Technology cited internal resource optimization and personnel changes as reasons for its termination of services with Zhongxing Cai Guanghua [2]. - A notable trend is the "change of firm without changing the auditor," where many companies have switched firms but retained the same signing auditors [2][21]. - The firm has faced multiple administrative penalties in the past three years, indicating a pattern of regulatory scrutiny and issues with audit quality [6][7]. Group 3: Broader Market Trends - In the New Third Board, 91 companies have also terminated their contracts with Zhongxing Cai Guanghua since November, indicating a broader trend beyond the A-share market [12][13]. - The firm has historically had long-term relationships with many clients, with some partnerships lasting up to 12 years, making the current wave of terminations particularly impactful [13]. - The firm has seen a significant reduction in its registered capital, dropping from 38.5 million to 16.3 million, a decrease of 57.7% [14]. Group 4: Future Outlook - The firm is still listed in the CSRC's registry for securities service providers, indicating that it has not yet been completely sidelined from the market [20]. - Despite the current crisis, some companies continue to employ Zhongxing Cai Guanghua, suggesting that not all clients have lost confidence in the firm [19].