（原标题：终审裁决！康得新犯欺诈发行证券罪，董事长获刑15年） 12月15日晚间，康得新公告了重大诉讼进展情况。 公告表示，公司于2025年12月11日收到江苏省高级人民法院的（2025）苏刑终17号《刑事裁定书》。江 苏省高级人民法院驳回上诉，维持原判。本裁定为终审裁定。 一审判决显示，康得新犯欺诈发行证券罪、骗购外汇罪，判处罚金人民币四亿一千万元。康得新董事长 钟玉犯欺诈发行证券罪等，被决定执行有期徒刑十五年，并处罚金人民币二千零二十万元。 犯欺诈发行证券罪 判决书显示，本案中，被告人钟玉作为康得新公司的董事长、实际控制人，与被告人徐曙、王瑜等人共 谋，安排公司相关人员分层部署、全链条配合的系统化财务造假行为，长达七年之久，造假金额巨大， 严重扰乱证券市场秩序，依法应当从严惩处。 综上，对被告单位康得新公司、被告人钟玉、徐曙、王瑜、张丽雄及其他非公司相关人员依照1997年修 订的《中华人民共和国刑法》第一百六十条、第二百七十二条第一款、经2006年《中华人民共和国刑法 修正案(六)》修订的《中华人民共和国刑法》第一百六十一条、《中华人民共和国刑法》第十二条、第 一百六十九条之一第一款、第二款、第六十七条、 ...

12月15日晚间，康得新公告了重大诉讼进展情况。 公告表示，公司于2025年12月11日收到江苏省高级人民法院的（2025）苏刑终17号《刑事裁定书》。江苏省高 级人民法院驳回上诉，维持原判。本裁定为终审裁定。 一审判决显示，康得新犯欺诈发行证券罪、骗购外汇罪，判处罚金人民币四亿一千万元。康得新董事长钟玉犯 欺诈发行证券罪等，被决定执行有期徒刑十五年，并处罚金人民币二千零二十万元。 犯欺诈发行证券罪 判决书显示，本案中，被告人钟玉作为康得新公司的董事长、实际控制人，与被告人徐曙、王瑜等人共谋，安 排公司相关人员分层部署、全链条配合的系统化财务造假行为，长达七年之久，造假金额巨大，严重扰乱证券 市场秩序，依法应当从严惩处。 综上，对被告单位康得新公司、被告人钟玉、徐曙、王瑜、张丽雄及其他非公司相关人员依照1997年修订的 《中华人民共和国刑法》第一百六十条、第二百七十二条第一款、经2006年《中华人民共和国刑法修正案 (六)》修订的《中华人民共和国刑法》第一百六十一条、《中华人民共和国刑法》第十二条、第一百六十九条 之一第一款、第二款、第六十七条、第二十六条第一款、第四款、第二十七条、第七十二条第一款、第三款、 ...

Core Viewpoint - The company Jin Tong Ling is facing severe financial distress, leading to a bankruptcy liquidation application by its subsidiary, Jiangsu Jin Tong Ling Precision Manufacturing Co., Ltd, due to unpaid debts and significant losses over recent years [1][4][5]. Financial Situation - As of April 30, 2025, Jin Tong Ling Precision Manufacturing reported total assets of 67 million and total liabilities of 196 million, indicating insolvency [4]. - The company has incurred total losses exceeding 2.2 billion from 2020 to 2024, with a debt ratio of 92.04% as of mid-2025 [5]. - For the first half of 2025, the company reported revenue of 370 million, a year-on-year decline of 48.70%, and a net loss of 202 million, a decline of 167.72% [5]. Legal and Regulatory Issues - The company has been penalized for securities fraud, resulting in a fine of 8 million, and several executives have received prison sentences for related offenses [6]. - The bankruptcy application was accepted by the Nanjing Intermediate People's Court, confirming the company's inability to meet its financial obligations [4]. Recent Developments - On September 5, 2025, the company announced a pre-restructuring investment agreement with HuTongDa Network Co., Ltd, aimed at resolving its debt crisis and improving its financial structure [5].

Core Viewpoint - The company, Jintongling Technology Group Co., Ltd., has been sentenced for securities fraud, resulting in significant penalties for both the company and its executives [1][2]. Group 1: Legal Consequences - The company was found guilty of fraudulently issuing securities and was fined 8 million RMB, which represents 1.17% of its most recent audited net assets [2]. - Several executives received prison sentences ranging from 1 year to 6 years, along with various fines, highlighting the severity of the legal repercussions [1]. Group 2: Impact on Company Operations - The fraudulent activities involved fabricating significant false information in stock issuance documents directed at specific investors [2]. - The company will account for the financial penalties according to relevant accounting standards, with the specific impact on current or future profits to be determined by audit opinions [2].

Core Viewpoint - ST起步 has been found guilty of securities fraud and has been fined a total of 67 million yuan (approximately 10 million USD) by the court and the China Securities Regulatory Commission (CSRC) for false reporting in its financial statements from 2018 to 2020 [1][2]. Group 1: Legal Proceedings - On September 23, ST起步 received a criminal judgment from the Lishui Intermediate People's Court, resulting in a fine of 10 million yuan for securities fraud [1]. - The CSRC issued an administrative penalty and market ban against ST起步 and related responsible persons, citing false records and significant omissions in the company's annual reports and convertible bond prospectus during 2018, 2019, and the first half of 2020, leading to a total fine of 57 million yuan [1]. - On July 8, the Lishui People's Procuratorate filed a public prosecution against ST起步, which was accepted by the Lishui Intermediate People's Court, and the trial was held on August 21 [2]. Group 2: Company Response - ST起步 stated that the judgment is a first-instance ruling, and both the company and the defendants have the right to appeal, indicating that the final outcome remains uncertain [2]. - The company will continue to monitor the case and fulfill its information disclosure obligations in a timely manner [2].

Group 1 - The company, Qibu Co., Ltd., is currently facing criminal prosecution for alleged securities fraud and violations of information disclosure laws [1][2] - The prosecution involves former executives including the former chairman, general manager, vice president, board secretary, financial director, and supply chain director, all accused of engaging in fraudulent activities [1][2] - The allegations include inflating profits and fabricating significant false information in the prospectus for convertible bonds, which constitutes a serious violation of the Criminal Law of the People's Republic of China [2] Group 2 - The company is in the defendant position in this legal case, which may have negative financial implications depending on the final judgment and any necessary corrections to prior accounting errors [3] - The financial impact of the criminal proceedings will be determined based on the outcome of the trial and the audited financial data [3]