重大违法强制退市！10人被判刑

Core Viewpoint - The recent criminal judgment against Guangdong Ziqing Information Storage Technology Co., Ltd. (Ziqing Storage) highlights the severe consequences of financial fraud, with the actual controllers and several executives sentenced to prison, and the company facing significant penalties and operational cessation [1][4][5]. Group 1: Criminal Judgment and Penalties - Ziqing Storage was found guilty of fraudulently issuing securities, resulting in a fine of RMB 37 million [3][6]. - The actual controllers, Zheng Mu and Luo Tiewei, along with eight others, received prison sentences, with the longest being seven years and six months [4][6]. - The company has ceased operations following the judgment [5]. Group 2: Financial Fraud Details - From 2016 to 2018, Ziqing Storage raised a total of RMB 413.4 million through three rounds of capital increases, while engaging in fraudulent activities to inflate revenue and profits [6]. - The fraudulent profit inflation was significant, with 34.83% of the 2017 profit being artificially inflated, and 42.97% of the revenue in the first half of 2019 being falsely reported [6][7]. - The company failed to disclose external guarantees amounting to RMB 125 million, further compounding the fraudulent activities [6]. Group 3: Investor Compensation - Nearly 17,000 investors have received over RMB 1 billion in compensation due to the fraud, with a high percentage of claims processed within a short timeframe [8][10]. - The China Securities Regulatory Commission (CSRC) has taken steps to ensure that affected investors can continue to seek compensation through the Investor Protection Fund [10][12]. Group 4: Regulatory Actions - Following the fraud, Ziqing Storage's stock was delisted from the Shanghai Stock Exchange due to severe violations of listing rules [10]. - Four intermediary institutions involved in the case have agreed to pay a total of approximately RMB 1.275 billion in commitment funds as part of their accountability [11][12].