聚石化学因虚假贸易虚增营收1.57亿

Core Insights - The financial misconduct of Ju Shi Chemical involves significant amounts, with inflated revenue of 157 million yuan, inflated costs of 158 million yuan, and a reduced profit of 1.66 million yuan, representing 8.32% of the total revenue for the period [2][8] Investigation Findings - The Guangdong Securities Regulatory Commission identified that the company manipulated its financial statements through various fictitious trading activities. The fraudulent transactions were conducted in three main ways: 1. The subsidiary Guan Zhen Technology controlled four trading companies to engage in fictitious trades without actual goods 2. The company intervened in third-party trade chains for polypropylene, relying solely on self-made transfer documents 3. The subsidiary Anhui Ju Run Trading Co., Ltd. sold goods to clients without actual shipment and later repurchased them at a markup, creating a cycle of fictitious transactions [3][9][11] Penalty Details - The Guangdong Securities Regulatory Commission proposed a total fine of 6.7 million yuan against Ju Shi Chemical and related responsible individuals. The company is required to rectify its practices and has been fined 2.4 million yuan. Specific penalties include: - 1.8 million yuan for the then Chairman and General Manager Chen Gang - 900,000 yuan for the then Director and Deputy General Manager Liu Penghui - 800,000 yuan for the then Director and Chief Financial Officer Wu Yang - 800,000 yuan for the then General Manager of Guan Zhen Technology Xu Jianjun - The penalties are based on violations of the Securities Law, indicating that the company failed to ensure the accuracy and truthfulness of the information disclosed in its 2023 semi-annual report [4][10]