记者丨 崔文静 编辑丨巫燕玲 又有上市公司被起诉！ 根据ST起步7月11日晚间公告， ST起步及其前任董事长、总经理、副总裁、董秘、财务总监 共5位高管，外加1位供应链总监，被集体告上法庭。 实属罕见。在受访人士看来，这意味着，ST起步所涉问题颇为严重，相关主要责任人或将面 临刑事处罚。 从检察院指控来看， ST起步及其主要责任人存在三重罪：涉嫌欺诈发行证券罪、违规披露、 不披露重要信息罪。 "如果法院认定上述罪名，ST起步相关主要责任人员势必面临刑事严惩，乃至坐牢。" 受访人 士分析道。 实际上，此次被刑事起诉，已是ST起步因系列违法违规行为被严惩的第二步。早在2022年， 其即因涉嫌信息披露违法违规等事项而被证监会立案调查。 2023年12月，行政处罚结果落地，由于2018—2020年财务造假、2019年发行可转债募集说明 书造假，ST起步及其主要涉事责任人被合计罚款7700万元。 与此同时，ST起步，这家2017年上市、一度号称A股"童鞋第一股"的主板上市公司，2020年起 即陷入连续亏损，并且每年亏损规模均在1亿元以上。根据其7月11日晚间披露的业绩预告， 2025年上半年，ST起步亏损仍在延续，预计 ...

Core Points - The company announced that its chairman and general manager, Li Yuejie, along with director Zhu Chuncheng, are under criminal coercive measures due to suspected violations related to the disclosure of important information [1][2] - Zhu Chuncheng has been released on bail, while the issues are linked to an administrative penalty imposed by the China Securities Regulatory Commission in September 2023 [1] - To ensure stable management during this period, the board appointed Han Meng, a director and deputy general manager, to act as chairman and general manager [1] Company Actions - The board convened a meeting on July 7, 2025, to approve the appointment of Han Meng to assume the responsibilities of the chairman and general manager [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations as required [2] - Designated media for information disclosure includes Shanghai Securities News, China Securities Journal, Securities Times, and the Shanghai Stock Exchange website [2]

Core Viewpoint - 瑞斯康达's chairman and general manager are under criminal investigation for alleged information disclosure violations, impacting the company's management stability [1] Group 1: Financial Performance - 瑞斯康达 reported a revenue of 1.382 billion yuan for 2024, a year-on-year decline of 14.99%, with a net loss of approximately 122 million yuan, marking two consecutive years of losses exceeding 100 million yuan [5] - Revenue from major products, transmission equipment and broadband network equipment, decreased by 17.54% and 41.13% respectively, with gross margins dropping by 9.07 and 5.91 percentage points [5] - The decline in revenue is attributed to a slowdown in the domestic communication industry, market reallocation due to technological advancements, and intensified competition following operators' responses to the national "speed up and lower costs" strategy [5] Group 2: Inventory and Accounts Receivable - 瑞斯康达's ending inventory value was 665 million yuan, accounting for 24.81% of total assets, with raw materials at 276 million yuan, finished goods at 127 million yuan, and goods in transit at 229 million yuan [5] - The company maintains a strategic reserve of core components due to global chip supply constraints and rising prices, necessitating advance stockpiling based on market demand forecasts [6] - Accounts receivable stood at 779 million yuan, with 515 million yuan aged within one year, representing 37% of annual revenue, and 110 million yuan aged over three years [6][7] Group 3: Risk Management - The company has implemented measures to manage long-term accounts receivable, including establishing dedicated teams to follow up on payment processes and pursuing overdue payments through legal channels [7] - For accounts receivable aged 3 years or more, the company has fully provisioned for bad debts and is actively pursuing recovery through legal means [7]

Core Viewpoint - The company, Jinzhou Port, is facing significant legal and regulatory challenges due to the arrest of its executives for violating important information disclosure laws, which has led to its forced delisting from the stock market [1][5]. Group 1: Legal Issues and Executive Actions - On July 4, the company announced that its Vice Presidents, Ning Hongpeng and Cao Cheng, were arrested for violating important information disclosure laws [1]. - The company has suspended the aforementioned executives and adjusted the responsibilities of senior management, asserting that these issues will not impact its normal business operations [2]. - The recent arrests reflect a broader trend of increased accountability for corporate misconduct, particularly in financial fraud cases, as emphasized by the new regulatory measures [4]. Group 2: Historical Context and Consequences - Jinzhou Port had previously triggered mandatory delisting due to serious violations, and the recent arrests indicate that responsible parties will face severe consequences rather than escaping accountability [5]. - A timeline of events shows that in October 2024, several executives, including the Vice Chairman and CFO, were subjected to criminal measures for similar violations [6]. - The company has faced multiple administrative penalties from the China Securities Regulatory Commission (CSRC) for false reporting from 2018 to 2021, leading to a series of fines and warnings for the involved executives [7][8]. - The company’s annual reports from 2020 to 2023 were confirmed to contain false records, resulting in a decision by the Shanghai Stock Exchange to terminate its stock listing [8].