财务造假

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退市不免责!退市龙宇,被罚3810万元,实控人十年市场禁入!
Zheng Quan Shi Bao· 2025-09-05 15:53
Core Viewpoint - The regulatory authority has imposed significant penalties on Delisted Longyu for financial fraud, emphasizing a zero-tolerance policy towards such violations even after delisting [1][4][8]. Group 1: Regulatory Actions - Delisted Longyu received a total fine of 38.1 million yuan for financial misconduct from 2019 to 2022, including inflated revenues and profits through fictitious trade activities [1][4]. - The actual controller of Delisted Longyu has been banned from the securities market for ten years, alongside substantial fines imposed on other responsible individuals [5][6]. - The Shanghai Securities Regulatory Commission (SSRC) has initiated a thorough investigation into the company's illegal activities, demonstrating a commitment to accountability [4][8]. Group 2: Financial Misconduct Details - From 2019 to 2022, Delisted Longyu inflated its revenues by 2.242 billion yuan, 3.986 billion yuan, 4.024 billion yuan, and 4.288 billion yuan, representing 16.61%, 44.57%, 50.46%, and 42.95% of the reported revenues for those years, respectively [4]. - The company also reported inflated profits totaling 5.73 million yuan, 11.1369 million yuan, 9.5195 million yuan, and 10.9332 million yuan, which accounted for 60.48%, 10.36%, 7.48%, and 23.92% of the disclosed profits during the same period [4]. Group 3: Investor Protection and Market Integrity - The SSRC is actively working to recover losses for affected investors and has already facilitated the return of over 400 million yuan to Delisted Longyu [6]. - The regulatory body is committed to enhancing investor protection and maintaining a healthy market environment, reinforcing the importance of strict enforcement of delisting regulations [9].
退市不免责!退市龙宇,被罚3810万元,实控人十年市场禁入!
证券时报· 2025-09-05 15:13
退市不免责! 9月5日晚,已被终止上市的退市龙宇在全国中小企业股份转让系统网站发布公告称,公司收到上海证监局 的《行政处罚事先告知书》。根据《行政处罚事先告知书》,上海证监局针对退市龙宇2019年至2022年 通过虚假贸易业务虚增收入和利润,以及未按规定披露非经营性资金占用相关关联交易等事项,拟合计罚 款3810万元,同时对其实际控制人采取十年证券市场禁入措施。 退市龙宇在退市后仍被重罚,再次释放出监管部门对退市公司财务造假等违法违规行为的"零容忍"、坚 决"一追到底"的态度和决心。 退市不辍调查 造假细节浮出水面 今年7月3日,退市龙宇因2023年度财务会计报告被出具无法表示意见审计报告,2024年度财务会计报告 被出具无法表示意见审计报告、内部控制被出具否定意见审计报告,触及财务类退市标准,被上交所终止 上市。 针对退市龙宇相关问题的调查,在退市之前便已启动。2024年4月29日,上海证监局对公司及责任人采取 行政监管措施,对现场检查中发现的大额关联交易未履行审议程序且未披露、部分贸易业务无商业实质等 问题责令公司改正。 严惩违法主体 实控人禁入十年 基于查明的违法事实,监管部门既追责公司,也严惩责任人。 ...
深交所:300280,终止上市!
Shang Hai Zheng Quan Bao· 2025-09-05 14:21
Core Viewpoint - The company *ST Zitian has been terminated from listing on the Shenzhen Stock Exchange due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by regulatory authorities [1][4]. Group 1: Termination of Listing - On September 5, the Shenzhen Stock Exchange made a decision to terminate the listing of *ST Zitian [1]. - The company's stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, after which it will be delisted [4]. Group 2: Financial Misconduct - *ST Zitian has been found to have inflated revenues by a total of 24.99 billion yuan over two consecutive years, with significant discrepancies in three periodic reports [5]. - In the 2022 annual report, the company falsely reported internet advertising fees and other services, inflating revenue by 778 million yuan, which accounted for 44.59% of total revenue, and profit by 85 million yuan, representing 35.99% of total profit [6]. - The 2023 semi-annual report showed an inflated revenue of 208 million yuan and profit of 79 million yuan, which constituted 14.56% and 51.64% of total revenue and profit, respectively [6]. - The 2023 annual report indicated an inflated revenue of 1.721 billion yuan, making up 78.63% of total revenue, due to improper revenue recognition practices [6]. Group 3: Regulatory Actions and Penalties - The Fujian Securities Regulatory Bureau has imposed a total penalty of 38.4 million yuan on *ST Zitian and its management for the fraudulent activities and failure to disclose important information [6]. - The former chairman and CFO of the company have been banned from the securities market for life due to their roles in the misconduct [6]. - Legal actions have been initiated by investors for civil compensation, and criminal investigations have been launched regarding the company's accounting practices [7].
300280退市,大额财务造假,阻碍执法……“首恶”终身禁入
Zheng Quan Shi Bao· 2025-09-05 14:06
Core Viewpoint - *ST Zitian will resume trading on September 15 and enter a delisting arrangement period due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by the China Securities Regulatory Commission (CSRC) [1][4]. Financial Misconduct - *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years, involving fraudulent activities in three periodic reports [3]. - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which constituted 44.59% and 35.99% of the respective total revenue and profit [3]. - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit accounting for 51.64% of the total profit for that period [3]. - The 2023 annual report indicated that a subsidiary inflated revenue by 1.721 billion yuan, representing 78.63% of the total revenue, by misapplying accounting methods [3]. Regulatory Actions - The CSRC imposed a total fine of 38.4 million yuan on *ST Zitian and 12 management personnel for their involvement in the financial fraud [4]. - The former chairman and CFO received lifetime bans from the securities market, reflecting the regulatory body's zero-tolerance stance on such misconduct [4]. Ongoing Accountability Measures - The delisting of *ST Zitian is not the end of accountability, as the CSRC has initiated comprehensive measures against those involved in the fraud [6]. - Investors have begun civil lawsuits to recover losses incurred due to the company's fraudulent activities, and criminal investigations are underway for potential accounting concealment crimes [6]. - The severity of the violations may lead to further criminal charges under laws related to the disclosure of important information [6].
*ST紫天被强制退市 监管立体追责警示“零容忍”
Zheng Quan Ri Bao Wang· 2025-09-05 13:55
Core Viewpoint - *ST Zitian has been ordered to delist from the Shenzhen Stock Exchange due to serious financial misconduct, including significant false reporting of revenues and profits, leading to a termination of its listing status [1][2][4]. Group 1: Company Background and Financial Misconduct - *ST Zitian, formerly known as Nantong Forging, transitioned to the advertising and media sector after a series of acquisitions and a name change in 2018 [2]. - The company was found to have inflated its revenue by 2.499 billion yuan through fraudulent activities, including fictitious SMS services and inflated internet advertising fees [2][3]. - In 2022, the company reported inflated revenue of 778 million yuan, which constituted 44.59% of its disclosed revenue, and inflated profits of 85 million yuan, making up 35.99% of total profits [3]. - For the first half of 2023, *ST Zitian prematurely recognized revenue of 207 million yuan, representing 14.56% of that period's revenue, and inflated profits of 79 million yuan, accounting for 51.64% of total profits [3]. - The 2023 annual report showed inflated revenue of 1.721 billion yuan, which was 78.63% of the reported revenue, due to improper revenue recognition methods [3]. Group 2: Regulatory Actions and Consequences - The Shenzhen Stock Exchange issued a notice of termination of listing due to the company's failure to rectify its financial reports within the required timeframe [1][4]. - The company faced administrative penalties from the Fujian Securities Regulatory Bureau, with fines totaling 38.4 million yuan imposed on 12 members of the management team, including lifetime bans for the former chairman and CFO [4]. - Regulatory bodies are adopting a "zero tolerance" approach towards financial fraud, emphasizing comprehensive accountability for perpetrators, including civil, administrative, and criminal liabilities [5][6]. - Investors have initiated civil lawsuits against *ST Zitian, and criminal investigations are underway for potential accounting concealment and other violations [6].
300280,退市!大额财务造假,阻碍执法……“首恶”终身禁入
Zheng Quan Shi Bao· 2025-09-05 13:44
Core Viewpoint - *ST Zitian will resume trading on September 15 and enter a delisting arrangement period due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by the China Securities Regulatory Commission (CSRC) [2][5] Group 1: Financial Misconduct - *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years, involving fraudulent activities in three periodic reports [4] - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which accounted for 44.59% and 35.99% of total revenue and profit, respectively [4] - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit representing 51.64% of the total profit for that period [4] - The company misused the gross method for revenue recognition instead of the net method, leading to an inflated revenue of 1.721 billion yuan, which constituted 78.63% of the reported revenue for that period [4] Group 2: Regulatory Actions and Penalties - The CSRC imposed a total fine of 38.4 million yuan on *ST Zitian and 12 of its management personnel for the financial misconduct [5] - The former chairman and CFO of the company received lifetime bans from the securities market, highlighting the regulatory body's zero-tolerance approach [5] - The Shenzhen Stock Exchange confirmed that *ST Zitian's failure to rectify its financial reports within the required timeframe led to the inevitable delisting of its shares [5] Group 3: Ongoing Legal and Regulatory Consequences - Legal actions are underway, with investors filing civil compensation lawsuits to recover losses incurred due to the company's fraudulent activities [7] - The police have initiated an investigation into *ST Zitian for suspected "concealment of accounting vouchers," indicating potential criminal liability [7] - The case serves as a warning to the capital market that financial fraud can lead to severe consequences, including delisting and criminal prosecution for responsible individuals [7]
300280,退市!大额财务造假,阻碍执法……“首恶”终身禁入
证券时报· 2025-09-05 13:42
Core Viewpoint - *ST Zitian will resume trading on September 15 and enter a delisting arrangement period due to financial fraud and failure to rectify issues as mandated by the China Securities Regulatory Commission (CSRC) [1][4]. Group 1: Financial Fraud Details - *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years, involving fraudulent activities in three periodic reports [3]. - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which constituted 44.59% and 35.99% of the respective total revenue and profit [3]. - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit accounting for 51.64% of the total profit for that period [3]. - The 2023 annual report indicated that a subsidiary inflated revenue by 1.721 billion yuan, representing 78.63% of the total revenue, by misapplying accounting methods [3]. Group 2: Regulatory Actions and Penalties - The CSRC imposed a total fine of 38.4 million yuan on *ST Zitian and 12 management personnel for various violations, including financial fraud and failure to disclose the 2024 annual report on time [4]. - The former chairman and CFO received lifetime bans from the securities market, highlighting the regulatory body's zero-tolerance approach to financial misconduct [4]. Group 3: Ongoing Accountability Measures - The delisting of *ST Zitian is not the end of accountability, as the CSRC has initiated comprehensive measures against those involved in the fraud [6]. - Investors have begun filing civil lawsuits to recover losses incurred due to the company's fraudulent activities [6]. - Law enforcement has opened a criminal investigation into *ST Zitian for suspected accounting document concealment, with potential further criminal charges for serious violations [6].
两媒体报道华熙生物交”最差中报” 赵燕回归一线已半年
Zhong Guo Jing Ji Wang· 2025-09-03 08:16
Core Viewpoint - Huaxi Biological (688363.SH) reported a significant decline in financial performance for the first half of 2025, with revenue and net profit both experiencing substantial year-on-year decreases [1][2][3]. Financial Performance Summary - The company achieved operating revenue of 2.261 billion RMB in the first half of 2025, a decrease of 19.57% compared to the same period last year [1][2]. - Net profit attributable to shareholders was 221 million RMB, down 35.38% year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was 174 million RMB, reflecting a 45.00% decline [1][2]. - The net cash flow from operating activities was 218 million RMB, showing an increase of 17.49% compared to the previous year [2]. Historical Performance Trends - From 2022 to 2024, the company's net profit has consistently declined, with figures of 970 million RMB, 593 million RMB, and 174 million RMB respectively [2]. - The net profit after deducting non-recurring gains and losses also decreased from 852 million RMB in 2022 to 107 million RMB in 2024 [2]. Management Changes and Corporate Governance - In March 2025, founder Zhao Yan returned to the frontline, initiating significant reforms in the company's operational philosophy, business direction, and talent organization [3]. - Zhao Yan implemented strict anti-corruption measures, demanding all involved personnel to report issues and submit resignations by March 31 [3]. - The management team has seen considerable turnover, with 11 executives leaving since the beginning of the year, including the former chief scientist and vice presidents [4]. Allegations and Legal Matters - A former employee accused Huaxi Biological of financial fraud, which the company has firmly denied, labeling the claims as fabricated and malicious [4]. - The company has reported the allegations to law enforcement, and the investigation is ongoing [4].
因涉嫌信息披露违法违规,司尔特被立案调查
Qi Lu Wan Bao· 2025-09-03 03:14
Core Viewpoint - Anhui Sierte Fertilizer Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may be linked to financial fraud and embezzlement incidents involving its wholly-owned subsidiary [1][3][4] Group 1: Investigation and Regulatory Actions - The CSRC has formally initiated an investigation against Sierte, as indicated by the notice received on September 1, 2025 [3] - The company has previously faced regulatory scrutiny from the Anhui Securities Regulatory Bureau, which identified inaccuracies in financial reporting due to non-compliance with accounting standards from 2021 to 2023 [5] - Sierte has committed to cooperating with the CSRC during the investigation and will fulfill its information disclosure obligations [4][6] Group 2: Financial Performance - For the first half of 2025, Sierte reported a revenue of 2.183 billion yuan, reflecting a year-on-year increase of 7.15%, primarily driven by higher sales of phosphate fertilizers [7] - However, the net profit decreased by 43.60% to 95.18 million yuan, attributed to soaring raw material costs, particularly for sulfur and potassium fertilizers [7] - The company is aware of potential civil liabilities due to investor losses stemming from the alleged information disclosure violations [7]
司尔特涉信披违规被立案股价跌7.7% 中报净利降44%两董事称无法保证真实
Chang Jiang Shang Bao· 2025-09-02 23:49
Core Viewpoint - The company Sierte (002538.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to significant concerns regarding its financial reporting and governance [1][4][9]. Group 1: Investigation and Allegations - On September 1, the company received a notice from the CSRC regarding the initiation of an investigation due to suspected information disclosure violations [1][4]. - The investigation is linked to allegations of internal misconduct involving the company's audit department, specifically concerning the actions of Huang Xili, the deputy head of the audit department, who is suspected of embezzlement [1][4][6]. - The CSRC's investigation is speculated to be related to previous disclosures about internal fraud, with the company acknowledging potential fictitious transactions affecting its financial statements [4][5]. Group 2: Financial Performance and Reporting Issues - In the first half of 2025, the company reported revenues of 2.183 billion yuan, a year-on-year increase of approximately 7%, but the net profit attributable to shareholders fell by 43.60% to 95 million yuan [1][10]. - The company’s financial reports have been questioned, with two board members explicitly stating they cannot guarantee the authenticity of the reports due to ongoing investigations and potential undisclosed fraudulent activities [2][9]. - The company has faced scrutiny for its financial practices from the Anhui Securities Regulatory Bureau, which identified issues with the authenticity of business operations and cost accounting that do not comply with accounting standards [5][9]. Group 3: Market Reaction - Following the announcement of the CSRC's investigation, the company's stock price dropped by 7.71% on September 2, indicating market concerns over the implications of the investigation [3][7].