Core Viewpoint - The article discusses the disciplinary actions taken against Shenzhen Gaodexin Communication Co., Ltd. for financial misconduct, including the inflation of revenue figures from 2018 to 2021, leading to significant penalties for the company and its executives [1][4]. Summary by Sections Disciplinary Actions - On June 27, the Beijing Stock Exchange announced disciplinary actions against Gaodexin due to false financial data in public offering documents, resulting in inflated revenues of 60.07 million, 123.87 million, 137.66 million, and 129.51 million CNY for the years 2018 to 2021, respectively, which accounted for 38.11%, 59.77%, 75.26%, and 63.27% of the reported revenues for those years [1][4]. - The company received a public reprimand and will not be allowed to submit any listing application documents for five years [1][8]. Key Individuals Involved - Huang Yongquan, the actual controller and former chairman, received a public reprimand and a five-year ban from holding any senior positions in listed companies [1][9]. - Other executives, including Huang Zhixian, Huang Yongxiang, and Yuan Lixiong, also faced public reprimands and were recorded in the securities market's integrity archives [1][10]. Financial Misconduct Details - The company inflated its revenue through fictitious business activities and falsified user data, with specific inflated amounts for various years detailed [4][5]. - The misconduct involved seven related companies that contributed to the inflated revenue figures through fabricated services [4][5]. Regulatory Framework - The actions of Gaodexin violated multiple regulations set forth by the Beijing Stock Exchange, including rules regarding the authenticity and accuracy of financial disclosures [5][6]. - The executives involved failed to fulfill their responsibilities in ensuring the accuracy of the financial data, leading to their disciplinary actions [6][7].