记者丨 崔文静 编辑丨巫燕玲 又有上市公司被起诉！ 根据ST起步7月11日晚间公告， ST起步及其前任董事长、总经理、副总裁、董秘、财务总监 共5位高管，外加1位供应链总监，被集体告上法庭。 实属罕见。在受访人士看来，这意味着，ST起步所涉问题颇为严重，相关主要责任人或将面 临刑事处罚。 从检察院指控来看， ST起步及其主要责任人存在三重罪：涉嫌欺诈发行证券罪、违规披露、 不披露重要信息罪。 "如果法院认定上述罪名，ST起步相关主要责任人员势必面临刑事严惩，乃至坐牢。" 受访人 士分析道。 实际上，此次被刑事起诉，已是ST起步因系列违法违规行为被严惩的第二步。早在2022年， 其即因涉嫌信息披露违法违规等事项而被证监会立案调查。 2023年12月，行政处罚结果落地，由于2018—2020年财务造假、2019年发行可转债募集说明 书造假，ST起步及其主要涉事责任人被合计罚款7700万元。 与此同时，ST起步，这家2017年上市、一度号称A股"童鞋第一股"的主板上市公司，2020年起 即陷入连续亏损，并且每年亏损规模均在1亿元以上。根据其7月11日晚间披露的业绩预告， 2025年上半年，ST起步亏损仍在延续，预计 ...

Core Viewpoint - ST Qibu has been collectively sued, involving multiple senior executives, indicating serious issues within the company that may lead to criminal penalties for the responsible parties [2][3][5]. Group 1: Legal Issues - ST Qibu and its key personnel face three charges: fraudulently issuing securities, violating disclosure regulations, and failing to disclose important information [3][6]. - The company has previously been penalized for illegal activities, including a fine of 77 million yuan due to financial fraud and misleading information in bond issuance [4][8]. - The lawsuit marks the second phase of severe penalties following an investigation by the China Securities Regulatory Commission (CSRC) in 2022 for similar violations [3][4]. Group 2: Financial Misconduct - From 2018 to 2020, ST Qibu inflated its revenue by 360 million yuan and profits by 129 million yuan through fictitious transactions [7]. - The company issued convertible bonds worth 520 million yuan based on inflated financial data, leading to accusations of fraudulent issuance [7][8]. - The inflated profits represented 10.39% and 14.57% of the reported profits for 2018 and the first half of 2019, respectively [7]. Group 3: Ongoing Financial Struggles - ST Qibu has been experiencing continuous losses since 2020, with losses exceeding 1 billion yuan annually, peaking at 656 million yuan in 2023 [16][17]. - The company forecasts further losses of 30 to 45 million yuan for the first half of 2025, bringing total losses since 2020 to approximately 1.777 billion yuan [16][17]. - Despite attempts to pivot to live e-commerce with a strategic partnership, the results have not met expectations, contributing to ongoing financial decline [16][17].