本报（chinatimes.net.cn）记者帅可聪 北京报道 2025年12月12日，自科创板退市已两年多的广东紫晶信息存储技术股份有限公司（下称"紫晶存储"）发 布重大诉讼进展公告，披露了公司及10名相关责任人的一审刑事判决结果。 其中，因犯欺诈发行证券罪，紫晶存储被判处罚金3700万元；公司法定代表人、实际控制人、原董事长 郑穆因犯欺诈发行证券罪及违规披露、不披露重要信息罪，被判处有期徒刑七年六个月。 资深金融律师、北京市中盾律师事务所高级合伙人魏景峰在接受《华夏时报》记者采访时表示，紫晶存 储案是我国资本市场全链条追责机制持续健全的重要体现，其警示教育意义深远，对资本市场生态的长 期健康发展形成强烈震慑与制度性启示。资本市场没有侥幸者游戏，唯有各方坚守本分、归位尽责，才 能共建一个规范、透明、开放、有活力、有韧性的资本市场。 一位资深财务人士向《华夏时报》记者表示，通过开展虚假业务进行财务造假，本就是最恶劣的造假手 段，通过这种手段营收造假比例超过50%，可以说是情节极为恶劣了。 不仅如此，紫晶存储在招股说明书及多期年报中，未按规定披露对外担保事项，构成信息披露违法违 规。 2023年4月，证监会已就 ...

Core Points - Guangdong Zijing Information Storage Technology Co., Ltd. has been forced to delist due to major violations, including fraud in securities issuance and significant penalties for its management [1][5][12] - The company was found guilty of fraudulent activities that inflated its financial performance, leading to severe legal consequences for its executives [6][8][9] Company Overview - Zijing Storage is a high-tech enterprise specializing in optical storage, providing various storage media and solutions since its establishment in April 2010 with a registered capital of 3 million RMB [4] - The company was once considered a representative of domestic alternatives in optical storage technology and achieved a market capitalization exceeding 10 billion RMB shortly after its listing on the STAR Market in February 2020 [5] Financial Performance - In 2020, Zijing Storage reported revenue of 563 million RMB, a year-on-year increase of 8.97%, but its net profit decreased by 24.71% to 104 million RMB [5] - The company's revenue declined to 458 million RMB in 2021, a decrease of 6.69%, resulting in a net loss of 229 million RMB, marking a significant drop of 379.85% [5] Legal Proceedings - The company was charged with fraudulently issuing securities, leading to a fine of 37 million RMB and prison sentences for its key executives, with the maximum term being seven years and six months [1][12] - The fraudulent activities included signing false sales contracts and inflating revenue and profits, which misled investors and regulatory bodies [8][9] Impact on Investors - The delisting and legal issues have resulted in significant financial losses for investors, totaling approximately 1.097 billion RMB across 17,471 affected investors [11]

罚单落地：一场"内外配合"的财务造假 2025年4月，一份来自广东证监局的行政处罚决定书，为一家芯片设计公司的资本征程画上了一个不光 彩的句号。昆腾微电子股份有限公司（以下简称"昆腾微"）及其四名高管，因在首次公开发行（IPO） 过程中欺诈发行、财务造假，被处以合计960万元的罚款。这家头顶"国家专精特新'小巨人'企业"光环 的公司，其两度冲击A股未果的背后，是一场精心设计、通过"财技"虚增超六成利润的资本游戏。 申辩无效：高管辩称"非故意"遭监管驳回 面对指控，时任董事长曹某曾在听证会上提出申辩，试图将责任归咎于"会计认识不足"和"被动接受"。 其辩解理由主要包括：对股份支付会计处理认识不足，以为是合理规避风险，不存在主观故意；股权转 让由大股东李某华主导，自己只是被动接受。 然而，监管部门经复核后，逐一驳回了这些辩解。广东证监局明确指出，曹某作为公司时任董事长兼总 经理，全程参与并实施了股权转让，且完全知悉该事项对公司上市的影响。其签字保证招股文件真实、 准确、完整，就必须承担相应法律责任。此案的处罚已综合考虑了违法事实与危害程度，量罚适当。最 终，曹某的申辩意见未被采纳。 曲折上市路：从科创板到创业板， ...

12月8日晚间，*ST东通发布公告称，黄永军因个人原因申请辞去公司董事长、董事职务，同时辞去公司董 事会战略委员会主任委员职务。黄永军辞职后，不再担任公司任何职务。 同时，徐少璞因个人原因申请辞去*ST东通董事、副总经理、财务总监及董事会秘书职务，同时辞去公司 董事会战略委员会委员职务。徐少璞辞职后，仍在*ST东通任职。 公告显示，为了确保*ST东通董事会正常运作，*ST东通董事会在12月8日召开会议，审议通过了《关于推 举董事、总经理代行董事长职责的议案》。 北京证监局指出，*ST东通被认定的上述事项，触及《深圳证券交易所创业板股票上市规则》（2025年修 订）中规定的重大违法强制退市情形。 根据相关规定，*ST东通自11月26日开市起停牌。11月26日，*ST东通收到深圳证券交易所下发的《事先 告知书的公告》显示，深圳证券交易所拟决定终止*ST东通股票上市交易。 *ST东通董事会推举其董事、总经理赵永杰，代为履行董事长及战略委员会主任委员职责，直至选举产生 新任董事长为止。 同时，*ST东通董事会审议通过了《关于聘任财务总监的议案》。*ST东通董事会同意聘任王巧瑞为财务 总监，任期自本次董事会审议通过之日 ...

Core Viewpoint - CITIC Securities' subsidiary, CITIC Securities South China Co., Ltd. (formerly "Guangzhou Securities"), has been named a defendant in a lawsuit related to false statements made by Dongxu Optoelectronics, with the case set to proceed under a representative litigation process [1][4]. Group 1: Case Background - The lawsuit stems from projects undertaken by Guangzhou Securities prior to its acquisition by CITIC Securities, with potential losses already considered before the acquisition [3][5]. - The plaintiffs, consisting of 11 investors, allege that Dongxu Optoelectronics, which has been delisted, made false statements in its annual reports from 2015 to 2022 and failed to disclose its 2023 annual report on time [4][5]. - The total amount claimed by the plaintiffs is 1.8282 million yuan, with the lawsuit seeking joint liability from other defendants, including CITIC Securities South China [5]. Group 2: Regulatory Environment - Regulatory authorities have maintained a "zero tolerance" stance towards financial fraud and deceptive issuance practices, as evidenced by the penalties imposed on Dongxu Optoelectronics, which exceeded 420 million yuan [6][8]. - The case highlights the responsibilities of securities firms as gatekeepers in the capital market, emphasizing the need for strict compliance and risk management to ensure sustainable business development and market stability [9][10]. Group 3: Recommendations for Securities Firms - Securities firms are advised to establish comprehensive verification mechanisms, conduct thorough analyses of financial data, and implement robust internal controls to fulfill their gatekeeping responsibilities effectively [10][11][12]. - Continuous monitoring and risk management post-issuance are essential to ensure compliance with fundraising usage [12][13].

东旭光电案有了最新进展。12月4日，中信证券公告称，子公司中信证券华南股份有限公司（下称"华南 公司"）为东旭光电证券虚假陈述责任纠纷案37名被告之一，涉诉金额182.82万元。该案确定适用普通 代表人诉讼程序审理。 中信证券子公司事涉收购前"旧案" 公告显示，12月3日，华南公司收到河北省高级人民法院（下称"河北高院"）送达的《民事裁定书》 [（2025）冀民终690号]，裁定维持石家庄中院作出的《民事裁定书》[（2025）冀01民初150号]，确定 该案适用普通代表人诉讼程序审理。 从诉讼基本情况看，该案原告为吴彩泉等11名投资者，被告为东旭光电、东旭集团、华南公司等37名相 关法人主体或自然人。 诉讼理由是东旭光电2015年至2022年年度报告存在虚假记载和重大遗漏、2017年非公开发行股票存在欺 诈发行、未在法定期限内披露2023年年度报告等行为。 原告的诉讼请求包括：依法判决东旭光电赔偿11名原告因虚假陈述引起的各项经济损失合计1828167.34 元；依法判决除东旭光电以外的其他被告对原告的上述损失承担连带赔偿责任；依法判决案件受理费、 公告费等诉讼费用由37名被告承担。 从诉讼进展看，2025年 ...

Core Viewpoint - *ST Dongtong is facing delisting from the Shenzhen Stock Exchange due to false disclosures in its annual reports from 2019 to 2022, which violates the exchange's regulations [2] Summary by Relevant Sections Company Announcement - On November 26, *ST Dongtong announced it received a "Notice of Prior Decision" from the Shenzhen Stock Exchange, indicating the intention to terminate its stock listing [2] - The company will enter a delisting preparation period after the termination decision, during which it must arrange for its stock to be transferred to the National Equities Exchange and Quotations (NEEQ) for trading within 45 trading days post delisting [2] Financial Misconduct - The Shenzhen Stock Exchange's decision is based on the company's continuous financial fraud over four years, from 2019 to 2022, which includes the use of false financial data in a non-public offering in 2022, constituting fraudulent issuance [2] - As a result of these violations, *ST Dongtong has been fined 229 million yuan [2]

Core Viewpoint - *ST Dongtong (300379.SZ) is facing potential delisting from the Shenzhen Stock Exchange due to false disclosures in its annual reports from 2019 to 2022, which violate the listing rules of the Growth Enterprise Market [2][3]. Financial Misconduct - The company inflated revenues by CNY 61.45 million, CNY 84.85 million, CNY 125.51 million, and CNY 160.53 million from 2019 to 2022, respectively [3]. - Profits were also inflated by CNY 52.23 million, CNY 58.77 million, CNY 79.48 million, and CNY 123.69 million during the same period, with the 2022 inflated profit amounting to 219.43% of the reported total profit for that year [3]. - Cumulatively, *ST Dongtong inflated revenues by CNY 432 million and profits by CNY 314 million from 2019 to 2022 [3]. Financing and Capital Structure - Since its listing, *ST Dongtong has raised nearly CNY 3.6 billion through direct financing, with approximately CNY 2.2 billion raised in a private placement in June 2023 [3][4]. - The company has a total financing structure of CNY 354.70 million, with direct financing accounting for 101.27% of the total [4]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has proposed a fine of CNY 229 million against the company and a total of CNY 44 million against seven responsible individuals, with a 10-year market ban for the actual controller [5]. - The company has the right to request a hearing or submit written statements regarding the delisting decision, with a deadline for such actions [2]. Company Background - *ST Dongtong, listed in 2014, is recognized as a pioneer in middleware solutions in China, providing security and digital solutions [7].

蓝鲸新闻11月26日讯，近日，中国证监会北京监管局发布行政监管措施决定书，剑指北京东方通科技股份有限公司及其相关责任人黄永军、徐 少璞、李忱、李鹏、齐红、李宁、陈忠国。 决定书显示，东方通存在以下违法事实：一是东方通2019年至2022年年度报告信息披露存在虚假记载，通过泰策科技虚构业务、提前确认收入 等方式虚增收入、利润；二是东方通公告的证券发行文件编造重大虚假内容，引用了公司2019年至2021年年度报告中营业收入、利润总额等虚 假财务数据。上述行为违反《中华人民共和国证券法》的相关规定。 针对以上行为，中国证监会北京监管局给予以下处罚： 一、对北京东方通科技股份有限公司责令改正，给予警告，并处以22900万元的罚款； 二、对黄永军（东方通时任董事长、总经理，泰策科技时任董事）给予警告，并处以2650万元的罚款。其中：作为直接负责的主管人员处以 950万元的罚款，作为实际控制人处以1700万元的罚款； 三、对徐少璞（东方通时任董事、副总经理、财务总监、董事会秘书，泰策科技时任董事）给予警告，并处以650万元的罚款； 四、对李忱（泰策科技董事长、法定代表人）给予警告，并处以350万元的罚款； 黄永军时为东方 ...

Core Viewpoint - JuShi Chemical is under regulatory investigation for suspected violations of information disclosure, raising concerns about its financial practices and potential fraud in its issuance process [2][8]. Financial Performance - The company experienced a significant decline in profit after its IPO, with total profit dropping from 238 million yuan in 2020 to 101 million yuan in 2021, a decrease of nearly 60% [3]. - For the first three quarters of 2022, the company reported a revenue of 2.963 billion yuan, a year-on-year decrease of 7.17%, and a net profit attributable to shareholders of only 5.7684 million yuan [3]. - The stock price has also declined from an IPO price of 36.65 yuan per share to 20.78 yuan per share as of November 25, 2022, indicating a state of loss [3]. Revenue Adjustments - In 2021, the company adjusted its revenue by over 200 million yuan, citing a shift from gross to net revenue recognition due to its role as an agent in trade transactions [4][5]. - In 2022, further adjustments were made, with nearly 400 million yuan being reclassified, as the company claimed it had control over the goods sold [5]. Audit Firm Changes - The company has changed its auditing firms multiple times, raising red flags about its financial oversight. The initial auditor was Guangdong Zhengzhong Zhujiang, followed by Lixin, and then Zhongxinghua [6]. - The current auditor, Zhongxinghua, faced regulatory penalties for non-compliance during the audit of JuShi Chemical's 2022 annual report [6]. Client Relationships and Transactions - Two major clients, Foshan Qizheng Technology Co., Ltd. and Foshan Tianhua Technology Co., Ltd., were involved in significant trade transactions with JuShi Chemical, but both companies were deregistered in February 2023 [9][10]. - The company engaged in stock transactions with shareholders of these clients, raising questions about the legitimacy of its business practices [13][15]. Regulatory Investigation - The regulatory investigation into JuShi Chemical is focused on potential fraudulent issuance and misleading financial disclosures, particularly concerning its revenue recognition practices and client relationships [2][8].