维持原判!驾校龙头实控人操纵证券市场罪,终审裁定

Core Viewpoint - The company ST Dongshi's actual controller Xu Xiong has been sentenced to six years and six months in prison for manipulating the securities market, which has led to a significant decline in the company's financial performance and stock price [1][2]. Group 1: Legal Proceedings - The Shanghai High People's Court upheld the original ruling against Xu Xiong, maintaining the sentence and fines imposed by the Shanghai First Intermediate People's Court [2]. - Xu Xiong was sentenced to six years and six months in prison and fined 170 million RMB, with illegal gains to be confiscated and tools used in the crime to be seized [1][2]. Group 2: Financial Performance - For the first three quarters of 2025, ST Dongshi reported revenue of 497 million RMB, a year-on-year decrease of 24.43%, and a net profit attributable to shareholders of -103 million RMB, continuing its losses [3]. - The company anticipates a net loss of 600 million to 700 million RMB for the entire year of 2025, with a non-recurring net profit loss expected to be between 505 million and 605 million RMB [3]. - The decline in performance is attributed to a decrease in the number of training students compared to the previous year, increased operating expenses due to litigation and administrative penalties, and significant asset impairment losses related to ongoing legal issues [3].