Core Viewpoint - *ST Zitian is facing significant delisting risks due to financial fraud, obstruction of law enforcement, and failure to disclose annual reports on time [1][5]. Financial Fraud - *ST Zitian inflated its revenue by nearly 2.5 billion yuan from 2022 to 2023, with specific instances including a 778 million yuan inflation in the 2022 annual report and a 207 million yuan inflation in the 2023 semi-annual report [1][2]. - The 2023 annual report showed an inflated revenue of 1.721 billion yuan due to improper revenue recognition methods [2]. Legal Penalties - The Fujian Securities Regulatory Bureau has imposed penalties on *ST Zitian and 12 responsible individuals for their illegal activities, including fines and lifetime market bans for certain individuals [3]. - The company faces a fine of 3.5 million yuan for failing to disclose the 2024 annual report on time, along with additional fines for its executives [4]. Delisting Risks - The company's stock price has dropped nearly 60% since the beginning of the year due to the aforementioned issues, leading to a warning about potential delisting [5][7]. - If *ST Zitian does not rectify its issues by July 19, 2025, its stock will be delisted, and it may face mandatory delisting due to serious violations [7].

【导读】 *ST 紫天财务造假、阻碍执法、年报未披露，存在极大退市风险 见习记者 储是 据 6 月 28 日公告，福建证监局对 *ST 紫天的三个违法行为一并作出处罚，分别是对 拒绝 阻碍执法行为 的正式行政处罚、对 财务造假行为 的行政处罚事先告知和对 未按期披露年报 的行政处罚事先告知。 财报造假 虚增收入近 25 亿元 据公告信息计算， *ST 紫天在 2022 年至 2023 年合计虚增收入 24.99 亿元。 2022 年年度报告中， *ST 紫天虚构互联网广告费代充值业务、短信发送服务业务等行为， 导致其 2022 年年度报告虚增收入 7.78 亿元、虚增利润 0.85 亿元，分别占年度营业收入的 44.59% 、利润总额的 35.99% 。 2023 年半年度报告中， *ST 紫天在云服务业务未开工、未经客户验收通过且未收到任何款 项情况下提前确认营业收入，导致其 2023 年半年度报告虚增营业收入 2.07 亿元、利润 0.79 亿元，占当期营业收入的 14.56% 、利润总额的 51.64% 。 2023 年年度报告中， *ST 紫天旗下孙公司宁波麦粒网络科技有限公司在开展的互联网广告 费代 ...