上市3年退市，财务造假，股价从86跌到0.62，公司终于卖给散户！

Group 1 - The stock in question is 688086, known as Zijing Storage, which has experienced a continuous decline since its listing, with no significant rebounds [2][3] - Zijing Storage is a high-tech company specializing in optical storage, providing various storage media, hybrid storage systems, and cloud storage services [3] - The company has faced severe financial issues, with revenues dropping from 491 million yuan in 2020 to 177 million yuan in 2022, and net profits plummeting from 81.8 million yuan to a loss of 1.656 billion yuan during the same period [5] Group 2 - Financial fraud at Zijing Storage began before its IPO, spanning four years from 2017 to 2020, with inflated revenues exceeding 550 million yuan through methods such as fictitious sales contracts and falsified logistics documents [7] - The stock was initially priced at 21.49 yuan per share, reaching a peak of 86 yuan on its first trading day, representing a 264.08% increase, but never surpassed this price again before delisting [8][10] - Zijing Storage was delisted on June 29, 2023, with its stock price falling from 86.98 yuan to 0.64 yuan, resulting in significant losses for retail investors [13] Group 3 - The actual controller of Zijing Storage, Zheng Mu, was sentenced to seven years and six months in prison for multiple offenses, while another controller, Luo Tiewei, received a seven-year sentence, with other executives facing varying prison terms [13] - Similar cases of financial fraud and stock price collapse have been observed in the A-share market, with companies like Zeda Yisheng experiencing comparable issues, highlighting a broader trend of fraudulent activities [15]