Core Viewpoint - The financial fraud case of Luqiao Information has been revealed, with the company inflating profits by over 37 million yuan through false contracts and fictitious business activities in 2023 and 2024 [1][3]. Group 1: Financial Fraud Details - Luqiao Information inflated its revenue by 15.84 million yuan and profit by 15.31 million yuan in 2023, accounting for 6.66% of reported revenue and 73.57% of total profit [3]. - In 2024, the company further inflated revenue by 25.76 million yuan, representing 10.71% of reported revenue, and profit by 22.46 million yuan, which constituted 103.50% of the reported profit [3]. - The total inflated profit over the two years exceeded 37 million yuan, violating securities laws regarding truthful and complete information disclosure [3][4]. Group 2: Penalties and Consequences - Luqiao Information was fined 6 million yuan, while key executives, including the chairman and general manager, faced fines totaling 15.5 million yuan [1][4]. - The chairman and general manager were each fined 3.5 million yuan and banned from the securities market for three years due to their direct involvement in the fraud [1][4]. - Eleven other executives received warning letters for failing to fulfill their responsibilities [5]. Group 3: Management Changes - On the same day as the penalties were announced, the general manager, Wei Cong, resigned citing "personal reasons" [2][6]. - Wei Cong will continue to hold positions in subsidiary companies despite resigning from Luqiao Information [6]. - The company stated that Wei Cong's resignation would not significantly impact its operations and plans to quickly appoint a new board secretary [7]. Group 4: Company Response - Luqiao Information expressed sincere apologies to investors regarding the violations and committed to improving corporate governance and internal controls [8].
920748两年虚增利润超3700万元，合计被罚超2000万元，时任董事长、总经理3年市场禁入