芯片公司造假，10名高管集体获刑！

Core Viewpoint - R Zijing has been found guilty of securities fraud and information disclosure violations, resulting in significant penalties for the company and its former executives [1][4][7]. Summary by Sections Legal Proceedings - The case was accepted on November 11, 2024, with R Zijing and 11 former executives, including the former legal representative Zheng Mu and actual controller Luo Tiewei, as co-defendants [4]. - The core of the case involves two main charges related to financial fraud and information disclosure violations before and after the company's IPO [4]. Financial Misconduct - R Zijing, established in April 2010, went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in February 2020. The company engaged in fraudulent activities from 2017, including signing false sales contracts and falsifying logistics documents to inflate revenue and profits [4][5]. - The company’s prospectus contained false records, with inflated profits accounting for 34.83% of total profits in 2017, 32.25% in 2018, and 42.97% of revenue and 137.31% of profits in the first half of 2019. Additionally, it failed to disclose external guarantees totaling 125 million yuan [4][5]. Continued Fraudulent Activities - The fraudulent activities persisted from 2019 to 2021, with the 2020 annual report showing inflated revenue by 63.15% and profits by 174.67%. The company also failed to disclose significant external guarantees related to time deposits, with amounts reaching up to 418 million yuan, exceeding 22% of the audited net assets [5]. Consequences - In July 2023, R Zijing was delisted from the Shanghai Stock Exchange due to serious violations, resulting in losses of approximately 1.097 billion yuan for 17,471 investors [5]. - The first-instance judgment imposed a fine of 37 million yuan on R Zijing, with various prison sentences and fines for the 11 former executives, including Zheng Mu receiving a total sentence of 7 years and a fine of 500,000 yuan [7][8].