Core Viewpoint - The article discusses the legal issues faced by Ruiskanda (603803.SH), including the criminal measures taken against its chairman and general manager, Li Yuejie, and board member Zhu Chuncheng, for alleged violations related to the disclosure of important information [1][5]. Group 1: Company Leadership and Legal Issues - Li Yuejie, aged 61, is a co-founder of Ruiskanda and currently serves as the chairman and general manager. Zhu Chuncheng, aged 75, is also a co-founder and serves as a board member [2]. - Both Li and Zhu are under criminal investigation for allegedly failing to disclose important information, with Zhu currently on bail [1][5]. - The board has appointed Han Meng, a director and vice general manager, to act as chairman and general manager to ensure stability in management [4]. Group 2: Financial Misconduct and Regulatory Actions - The allegations against Ruiskanda are linked to a prior administrative penalty from the China Securities Regulatory Commission (CSRC) in September 2023, which involved false revenue reporting through a subsidiary, leading to inflated revenues of over 630 million yuan and inflated profits exceeding 110 million yuan from 2019 to 2020 [5]. - Specifically, the inflated profits represented 32.82% of the total disclosed profits in 2019 and 37.31% in 2020 [5]. - The CSRC imposed a fine of 2 million yuan on Ruiskanda and 1 million yuan each on Li and Zhu, with additional fines for other responsible parties ranging from 500,000 to 800,000 yuan [5]. Group 3: Company Performance and Market Reaction - Ruiskanda has experienced declining financial performance, with projected revenues of 1.382 billion yuan for 2024, a year-on-year decrease of 14.99%. Despite a 39.46% increase in net profit, the company still reported a loss of 122 million yuan [6]. - In the first quarter of 2025, the company’s revenue fell to 250 million yuan, a significant drop of 34.89%, with a net loss of 19 million yuan, reflecting a year-on-year decline of 195.18% [6]. - As of July 7, the stock price of Ruiskanda was 9.55 yuan per share, down 2.45% for the day [7].