倍轻松不轻松！股东连番减持，实控人被立案调查

Core Viewpoint - The company Beiqing Song (倍轻松) is under investigation by the China Securities Regulatory Commission (CSRC) for information disclosure violations, following the actual controller's recent cash-out of 64 million yuan, leading to a significant drop in stock price and ongoing financial struggles [3][4]. Group 1: Investigation and Regulatory Issues - Beiqing Song received a notice from the CSRC regarding the investigation into its actual controller, Ma Xuejun, for suspected information disclosure violations [3]. - The company has faced regulatory scrutiny for four consecutive years, receiving multiple inquiries from the exchange regarding its financial reports [4]. - Issues highlighted in the inquiries include operational business practices, sales expenses, customer and supplier relationships, inventory, and internal controls related to revenue recognition [5]. Group 2: Financial Mismanagement - The company disclosed instances of fund occupation and illegal guarantees in its 2024 annual report, with the internal control audit report issued with an emphasis paragraph by the accounting firm [5]. - Specific paths of fund occupation by Ma Xuejun and related parties include employee loans totaling 4.08 million yuan and 12.61 million yuan from 2023 to 2024, as well as transfers to Shenzhen Xingjiashun Trading Co., totaling 52 million yuan [6]. - The company has committed to improving internal management and controls in response to these issues, claiming that no new violations have occurred [6]. Group 3: Financial Performance and Shareholder Actions - Beiqing Song recorded a net loss of 124 million yuan in 2022 and continued to incur losses in 2023 and the first quarter of 2024, before achieving a profit of 10.25 million yuan in 2024 [7]. - The company reported a significant decline in online sales revenue in the first half of 2025, with decreases of 45.48%, 30.07%, and 44.18% across different online sales channels [8]. - Shareholders have been reducing their stakes, with significant sell-offs by the employee shareholding platform and the actual controller, Ma Xuejun, who sold shares worth approximately 64.71 million yuan [9].