这只股票真的可以说是上市即巅峰，上市之后几乎没有什么大的反弹，而且单边下跌，一路下跌，就这走势，真的是奥迪进去奥拓出来，自行车进去链条 出来，轮椅进去出来就是担架了，最后直接把公司卖给散户！ 这只股票就是688086退市紫晶，原名紫晶存储！ 紫晶存储上市之后，中间反弹过一次，没有超过前期高位，然后就开始了一路下跌，看看这猛虎下山一般的走势，是挡也挡不住，除了跌还是跌，中间抄 底的全部被抄家，补仓的是越补亏的越多！ 紫晶存储是一家光存储高科技企业，为各类用户提供光存储介质、磁光电混合存储系统、光盘摆渡机系统、光存储一体机解决方案、行业解决方案、数据 中心及云存储服务！ 那么这是哪只股票？公司主要是做什么的？公司是怎么造假的？保荐机构是哪家？我们一起来看看！ 通过紫晶存储的财务数据可以看到，公司2020-2022年，营收分别为4.91亿元、4.58亿元、1.77亿元，净利润分别为8182.6万元、-2.06亿元、-16.56亿元，可 以看到紫晶存储真的是上市即变脸，这净利润变化也太快了！ 看看紫晶存储的财务造假从上市之前就开始造假，造假时间跨度长达四年，2017年至2020年间，公司通过虚构销售合同、伪造物流单据 ...

Core Viewpoint - The case of Guangdong Zijing Information Storage Technology Co., Ltd. (Zijing Storage) highlights the importance of accountability in China's capital market, emphasizing that financial fraud and information disclosure violations are serious crimes that can lead to severe penalties for responsible individuals and companies [2][8]. Group 1: Company Overview - Zijing Storage, established in 2010, is a light storage technology company that offers optical storage media for consumer markets and optical storage devices and solutions for enterprise markets [3]. - The company went public on the STAR Market in February 2020, raising 1.023 billion yuan with an initial share price of 21.49 yuan, and saw its stock price surge by 264% on the first trading day, reaching a market capitalization of nearly 15 billion yuan [3]. Group 2: Financial Fraud Details - Zijing Storage engaged in extensive financial fraud, including fabricating sales contracts, falsifying logistics documents, and prematurely recognizing revenue, which began in 2017 [4][5]. - The scale of the fraud was significant, with the company inflating its revenue by approximately 435 million yuan in 2017 (13.9% of that year's revenue) and by 3.28 billion yuan in 2020 (58.26% of that year's revenue) [4][5]. Group 3: Legal Consequences - The company was sentenced to a fine of 37 million yuan for fraudulently issuing securities, while its legal representative and actual controller, Zheng Mu, received a prison sentence of seven years and six months for multiple offenses [5][6]. - A total of 10 individuals associated with Zijing Storage were criminally prosecuted, with sentences ranging from two years to seven years and six months, reflecting the severity of the financial misconduct [6][7]. Group 4: Investor Compensation and Regulatory Impact - Investors affected by the fraud have been compensated efficiently, with approximately 1.086 billion yuan paid to 16,986 investors within two months through a compensation mechanism initiated by the regulatory authority [7]. - The case has prompted a significant shift in regulatory expectations, emphasizing that intermediaries must conduct thorough due diligence to avoid severe financial and reputational consequences [8].

Core Points - Guangdong Zijing Information Storage Technology Co., Ltd. has been forced to delist due to major violations, including fraud in securities issuance and significant penalties for its management [1][5][12] - The company was found guilty of fraudulent activities that inflated its financial performance, leading to severe legal consequences for its executives [6][8][9] Company Overview - Zijing Storage is a high-tech enterprise specializing in optical storage, providing various storage media and solutions since its establishment in April 2010 with a registered capital of 3 million RMB [4] - The company was once considered a representative of domestic alternatives in optical storage technology and achieved a market capitalization exceeding 10 billion RMB shortly after its listing on the STAR Market in February 2020 [5] Financial Performance - In 2020, Zijing Storage reported revenue of 563 million RMB, a year-on-year increase of 8.97%, but its net profit decreased by 24.71% to 104 million RMB [5] - The company's revenue declined to 458 million RMB in 2021, a decrease of 6.69%, resulting in a net loss of 229 million RMB, marking a significant drop of 379.85% [5] Legal Proceedings - The company was charged with fraudulently issuing securities, leading to a fine of 37 million RMB and prison sentences for its key executives, with the maximum term being seven years and six months [1][12] - The fraudulent activities included signing false sales contracts and inflating revenue and profits, which misled investors and regulatory bodies [8][9] Impact on Investors - The delisting and legal issues have resulted in significant financial losses for investors, totaling approximately 1.097 billion RMB across 17,471 affected investors [11]

Core Viewpoint - Guangdong Zijing Information Storage Technology Co., Ltd. has been sentenced for securities fraud, with its actual controllers and key management receiving prison sentences and the company itself facing significant fines [1][4]. Legal Proceedings - The company was found guilty of fraudulently issuing securities and was fined 37 million RMB [4]. - Zheng Mu, the actual controller, received a total prison sentence of 7 years and 6 months, along with a fine of 500,000 RMB [4][5]. - Luo Tiewei was sentenced to 7 years in prison and fined 400,000 RMB [4][5]. - Li Yansha received a sentence of 6 years and 6 months, with a fine of 350,000 RMB [5][6]. - Other key management members, including Jiao Shizhi, Huang Meishan, and others, received varying sentences and fines for similar charges [7][8][9]. Company Background - Zijing Storage, established in April 2010, focuses on optical storage technology and has received significant investment from notable firms [11][12]. - The company went public on the Sci-Tech Innovation Board in February 2020, initially achieving a market capitalization of 14.895 billion RMB [13]. - However, post-IPO performance has been declining, with revenues dropping from 5.63 billion RMB in 2020 to 4.58 billion RMB in 2021, and a net loss of 2.29 billion RMB reported in 2021 [13][14]. Regulatory Actions - The company has been under investigation for information disclosure violations since February 2022, leading to a significant regulatory crackdown [13][14]. - Zijing Storage is the first company to face allegations of fraudulent IPO under the new registration system, resulting in its impending delisting due to severe violations [14].

Core Viewpoint - The article reviews the achievements and milestones of the Sci-Tech Innovation Board (STAR Market) since its establishment, highlighting fifteen significant "firsts" as of June 13, 2025, including the number of listed companies, market capitalization, and the dominance of strategic emerging industries such as new-generation information technology, biomedicine, and high-end equipment manufacturing, which account for over 80% of the total [1]. Group 1: First Companies and Milestones - The first company to transfer from the Beijing Stock Exchange to the STAR Market is Guandian Defense Technology Co., Ltd., which listed on May 25, 2022, after experiencing a significant decline in revenue and net profit in 2024 [2]. - The first loss-making company to list on the STAR Market is Suzhou Zejing Biopharmaceutical Co., Ltd., which went public on January 23, 2020, and reported continuous losses since its inception, with a net profit of -1.38 billion in 2024 [3][4]. - The first STAR Market company to be acquired by another listed company is Jiangsu Haooubo Biopharmaceutical Co., Ltd., which was announced in October 2024, with a total acquisition price of 630 million [5][6]. Group 2: Notable Events and Achievements - The first company to be delisted from the STAR Market is Guangdong Zijing Information Storage Technology Co., Ltd., which faced severe penalties for financial fraud and was officially delisted on May 31, 2023 [7][8][9]. - The first company to adopt a dual-class share structure on the STAR Market is UCloud Technology Co., Ltd., which listed on January 20, 2020, allowing its founders to maintain significant control over the company [10][11]. - The first major asset restructuring project approved for a STAR Market company is Suzhou Huaxing Yuan Chuang Technology Co., Ltd., which received approval for its acquisition of Suzhou Oulitong Automation Technology Co., Ltd. on June 12, 2020 [12][13]. Group 3: Financial Performance and Rankings - The highest market capitalization on the STAR Market is held by Semiconductor Manufacturing International Corporation (SMIC), with a total market value of 661.2 billion as of June 13, 2025 [21]. - The company with the highest revenue in 2024 is JinkoSolar Holding Co., Ltd., achieving 92.471 billion in revenue, despite a 22.08% decline year-on-year [22]. - The highest net profit excluding non-recurring items in 2024 is reported by Transsion Holdings Co., Ltd., with a net profit of 4.541 billion, down 11.54% from the previous year [23][24]. Group 4: Employment and Regional Distribution - The company with the largest number of employees as of the end of 2024 is JinkoSolar Holding Co., Ltd., with 33,809 employees, reflecting a significant reduction of 41.07% from the previous year [25]. - The province with the most STAR Market listed companies is Jiangsu, which has 113 companies, accounting for 19.22% of the total, primarily concentrated in cities like Suzhou, Nanjing, and Wuxi [26].