捷强装备与实控人一同被判刑，商誉暴雷仍溢价10多倍跨界收购

Core Viewpoint - The recent criminal case against Jieqiang Equipment has resulted in the company and its actual controller, Pan Feng, being convicted of corporate bribery, which may impact the company's reputation and business expansion despite ongoing financial losses and significant goodwill impairment [1][3][4]. Group 1: Legal and Financial Consequences - Jieqiang Equipment was fined 1.5 million yuan for corporate bribery, with the fine paid by the controlling shareholder [3]. - Pan Feng received a prison sentence of one year and nine months for the same offense [3]. - The company confirmed it would not appeal the ruling, which has become effective [4]. Group 2: Financial Performance and Projections - Since 2022, Jieqiang Equipment has reported continuous losses, with a net profit of -0.17 billion yuan in 2022, -0.68 billion yuan in 2023, and -2.78 billion yuan in 2024 [7]. - The company anticipates a net loss of between -0.9 billion yuan and -1.2 billion yuan for 2025 [8]. - The company has recognized significant goodwill impairment, totaling over 100 million yuan over two years, with an impairment ratio reaching 80% [10]. Group 3: Business Operations and Acquisitions - Jieqiang Equipment has engaged in high-premium cross-industry acquisitions, including the acquisition of Shandong Tanxun at a premium rate of approximately 1468.44% [11]. - The company has faced challenges in fulfilling contracts, leading to asset impairment losses of 43.82 million yuan related to a project that could not be executed due to the legal issues [4][9]. Group 4: Shareholder Activities - Former director Qiao Shunchang has significantly reduced his holdings in Jieqiang Equipment, cashing out approximately 192 million yuan through multiple transactions [14][16].