[The China Securities Regulatory Commission punished Qingyue Technology for its fraudulent issuance and illegal information disclosure cases The four responsible persons were fined a total of 28 million yuan] On October 30, the China Securities Regulatory Commission issued an administrative penalty decision. After investigation, it was found that Qingyue Technology had financial fraud in the IPO prospectus. From 2020 to the first half of 2022, through deliberate undercounting of inventory price reduction reserves and false sales of chips, the total profits were inflated by 3.374 million yuan, 7.6453 million yuan, and 23.5816 million yuan respectively. Among them, the inflated profits in the first half of 2022 accounted for 131.74% of the total profits for the current period disclosed in the prospectus. In addition, the company's 2022 annual report and 2023 semi-annual report also contain false records. The China Securities Regulatory Commission decided to impose fines of 9 million yuan, 9 million yuan, 6 million yuan and 4 million yuan on Gao Yudi, Mu Xinju, Zhang Xiaobo and Wu Lei respectively, for a total of 28 million yuan.