金通灵求生：连续6年财务造假还是要重整复活！

Core Viewpoint - Jintongling has been involved in financial fraud for six consecutive years, inflating revenue by over 1.3 billion and profits by 500 million, and is currently undergoing bankruptcy reorganization [1][7][9] Group 1: Financial Fraud and Legal Proceedings - Jintongling utilized various methods for financial fraud over six years, leading to inflated revenue and profits [1][7] - On September 30, 2025, the Shanghai Third Intermediate People's Court issued a criminal judgment against Jintongling and related parties [2][8] - The Nanjing Intermediate Court ruled that Jintongling must compensate over 43,000 investors a total of 770 million yuan, with Everbright Securities being the most affected party [3][9][12] Group 2: Regulatory Actions and Investor Protection - The China Securities Regulatory Commission (CSRC) has strengthened penalties for securities crimes, indicating a shift towards more severe consequences for corporate misconduct [1][9] - The Jintongling case is part of a broader trend in which the CSRC is applying special representative litigation procedures to protect investor rights, following similar cases like Kangmei Pharmaceutical [5][13] - The CSRC will continue to support investor protection initiatives and facilitate the use of representative litigation to maintain market integrity and promote high-quality market development [6][14]