实控人两度被立案，净利暴跌971%！倍轻松业绩“不轻松”

Core Viewpoint - The company, Shenzhen Beiqing Technology Co., Ltd. (referred to as "Beiqing"), reported significant losses for the fiscal year 2025, with its actual controller facing multiple investigations by the China Securities Regulatory Commission (CSRC) for violations related to information disclosure and market manipulation [1][4]. Financial Performance - For the fiscal year 2025, Beiqing achieved an operating revenue of 771.09 million yuan, a year-on-year decrease of 28.94% [1][2]. - The net profit attributable to the parent company was a loss of 89.30 million yuan, representing a drastic decline of 970.90% compared to the previous year [1][2]. - The net profit after deducting non-recurring gains and losses was also a loss of 87.97 million yuan [1][2]. - Total assets at the end of 2025 were 631.65 million yuan, down 22.15% from the beginning of the reporting period [2]. - The equity attributable to the parent company decreased by 34.77% to 241.36 million yuan, with the net asset value per share dropping to 2.81 yuan [2]. Operational Challenges - The decline in revenue and gross profit, coupled with high sales expenses and rigid costs, led to operational difficulties and losses [1][2]. - Sales expenses as a percentage of revenue were excessively high, at 57.32% for 2025, which severely eroded profit margins [6]. Regulatory Issues - The actual controller, Ma Xuejun, was investigated by the CSRC twice within 41 days for alleged market manipulation and information disclosure violations [3][4]. - The investigation into Ma Xuejun is personal and is not expected to significantly impact the company's daily operations [3]. Stock Market Performance - As of February 27, the latest stock price for Beiqing was 22.80 yuan, with a market capitalization of 1.96 billion yuan [7][8]. - The stock has seen a significant decline since its peak of over 131 yuan post-IPO, with a nearly halved price in the past six months [6].