又一资本大佬栽了，2000亿资本帝国一夜崩塌

Core Viewpoint - The recent detention of Li Zhaoting, the actual controller of Jialinjie, raises concerns about the company's future amidst ongoing investigations into financial misconduct within the Dongxu Group, which Li leads [2][4][14]. Group 1: Company Overview - Jialinjie (002486) announced that its actual controller, Li Zhaoting, was detained by the Shijiazhuang Public Security Bureau, while the company claims its operations remain normal [2]. - As the last remaining listed company of the Dongxu Group, Jialinjie's market value is reported at 2.605 billion yuan, with a stock price of 3.16 yuan per share [2]. - Jialinjie specializes in high-end outdoor sports fabric and garment research and sales, with a reported revenue of 918 million yuan and a net profit of approximately 52 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 205.46% [13]. Group 2: Financial Misconduct and Consequences - Li Zhaoting's financial downfall is linked to a major financial fraud case, where from 2015 to 2019, the Dongxu Group inflated revenues by 47.825 billion yuan and profits by 13 billion yuan through fictitious business activities [6]. - The group faced severe penalties, including a record fine of 1.7 billion yuan imposed by regulatory authorities, with Li personally fined approximately 590 million yuan and banned from the securities market for life [6][7]. - The financial misconduct led to the delisting of Dongxu's two major companies, Dongxu Optoelectronics and Dongxu Blue Sky, due to continuous stock price declines [12]. Group 3: Historical Context and Business Strategy - Li Zhaoting's rise began in the 1990s, with the establishment of Dongxu Group, which became a leading manufacturer in CRT equipment and later transitioned to LCD glass substrates [10]. - The group's aggressive capital strategy involved high leverage, with pledges on shares reaching 92.3% and 99.35% for Dongxu Optoelectronics and Dongxu Blue Sky, respectively, leading to significant financial risk [10]. - The financial issues began surfacing in 2019, when Dongxu Optoelectronics reported high cash reserves but failed to meet bond obligations, indicating underlying problems within the capital structure [12].