Core Viewpoint - Zhitian Technology is under investigation by the China Securities Regulatory Commission (CSRC) for obstructing law enforcement, with multiple instances of non-compliance and information disclosure violations noted [1][2][3] Group 1: Regulatory Actions - The CSRC has initiated investigations against Zhitian Technology and its key personnel, including the chairman, general manager, and CFO, for refusing to cooperate with law enforcement [1] - Zhitian Technology has been subject to multiple regulatory actions over the past year, marking the third time it has been investigated for information disclosure violations [1] - The company has faced criminal charges from the Fuzhou Public Security Bureau for concealing accounting documents and reports [1] Group 2: Financial Performance - Zhitian Technology transitioned from traditional forging equipment manufacturing to internet advertising in 2018, but its financial performance has been unstable [2] - From 2019 to 2022, the company reported a total net profit of 955 million yuan, but in 2023 alone, it incurred a net loss exceeding 1.2 billion yuan [2] - The company's half-year report for 2023 indicated a net profit of 11.94 million yuan, a decrease of 89.68% year-on-year [2] Group 3: Compliance Issues - Zhitian Technology has repeatedly failed to fulfill its disclosure obligations, leading to regulatory scrutiny and penalties [1][2] - The company has delayed responses to inquiries from the Shenzhen Stock Exchange regarding its financial reports, raising concerns about its compliance with regulatory requirements [1] - The CSRC has emphasized the importance of cooperation with regulatory inspections, stating that refusal to comply can lead to severe penalties, including criminal charges [3]
涉嫌拒绝、阻碍执法,紫天科技被立案调查