福建证监局根据相关规定，决定对*ST紫天责令改正，给予警告，并处以850万元罚款；对姚小欣、李 想等12人给予警告并分别处以50万元至400万元不等罚款，同时对姚小欣、李想采取终身证券市场禁入 措施。 点击查看公告原文>> 登录新浪财经APP 搜索【信披】查看更多考评等级 近日，福建紫天传媒科技股份有限公司（*ST紫天（维权））及相关人员收到福建证监局下发的《行政 处罚决定书》，因2022 - 2023年期间多项信息披露违法违规行为被处罚。 福建证监局对ST紫天信息披露违法违规行为立案调查，于2025年7月22日应公司要求举行听证会，现已 调查终结。经查明，ST紫天及相关人员存在以下违法事实： 1.2022年年度报告虚假记载： -互联网广告 费代充值业务：子公司紫天智讯该业务未取得商品控制权，应按净额法确认收入，但公司采用总额法， 致当年年报虚增营业收入2.28亿元，对应营业成本2.28亿元。 -短信发送服务业务：一是未抵销子公司 间内部交易影响，导致虚增营业收入2.77亿元、营业成本2.63亿元及利润1391.51万元；二是虚构短信发 送服务业务，虚构验收单据，虚增营业收入2.73亿元、营业成本2.01亿元 ...

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].

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 [2][12]. Financial Fraud - *ST Zitian inflated its revenue by nearly 2.5 billion yuan from 2022 to 2023 [4]. - In the 2022 annual report, the company fabricated internet advertising fees and SMS service revenues, resulting in an inflated revenue of 778 million yuan, which accounted for 44.59% of annual revenue, and an inflated profit of 85 million yuan, representing 35.99% of total profit [4]. - In the 2023 semi-annual report, the company prematurely recognized revenue of 207 million yuan from cloud services that had not commenced, leading to an inflated revenue of 207 million yuan, which was 14.56% of the period's revenue, and an inflated profit of 79 million yuan, accounting for 51.64% of total profit [5]. - In the 2023 annual report, *ST Zitian's subsidiary improperly recognized revenue of 1.721 billion yuan due to not obtaining control over goods, which constituted 78.63% of the period's revenue [7]. Regulatory Actions - The Fujian Securities Regulatory Bureau imposed penalties on *ST Zitian and 12 responsible individuals for the aforementioned violations, including fines and lifetime market bans for some individuals [8]. - The company failed to disclose its 2024 annual report within the legal timeframe, leading to a proposed administrative penalty of 3.5 million yuan and warnings for several executives [10]. - The company is also facing penalties for obstructing law enforcement, with a proposed fine of 1 million yuan for the company and a total of 2.8 million yuan for related management personnel [11]. Delisting Risks - Due to the outlined violations, *ST Zitian issued a risk warning regarding the potential termination of its stock listing [13]. - The company was ordered to rectify its issues by February 14, 2025, but has not yet complied. If not rectified by July 19, 2025, the stock will be delisted [15]. - The company's stock price has dropped nearly 60% since the beginning of the year until its suspension [16].