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涉“专网通信案”13年间虚增百亿元营收 江苏舜天领千万元罚单
Xin Hua Wang· 2025-08-12 05:54
Core Viewpoint - The "special network communication case" continues to have repercussions in the A-share market, with Jiangsu Shuntian being implicated in colluding with Sui Tianli to fabricate special network communication business, leading to inflated revenue and profits [1] Group 1: Company Actions and Findings - Jiangsu Shuntian received a notice from the China Securities Regulatory Commission (CSRC) regarding administrative penalties and market bans due to involvement in a fraudulent business scheme led by Sui Tianli, which constituted a closed-loop of false transactions [1][2] - The investigation revealed that Jiangsu Shuntian inflated its revenue by a total of 10.333 billion yuan, inflated operating costs by 9.399 billion yuan, and inflated total profits by 934 million yuan from 2009 to 2021 [2] - The inflated profits represented a minimum of 8.69% and a maximum of 132.86% of the reported profits for the respective years [2] Group 2: Regulatory Actions and Penalties - The CSRC plans to impose a fine of 14.3 million yuan on Jiangsu Shuntian and has proposed penalties against multiple executives, including a warning and a fine of 1.5 million yuan for the current chairman, Gao Song [4][5] - Other executives, including the current general manager and the finance manager, are also facing fines for failing to fulfill their duties, with penalties ranging from 600,000 to 1 million yuan [5] - The CSRC's findings indicate that Jiangsu Shuntian engaged in financial fraud for 13 consecutive years, raising concerns about the company's governance and due diligence practices [5][6]