BUSINESS

Exclusive: Scandal-Plagued Production Company’s Ex-Chairman Gets Prison Time

By Guan Cong, Sun Liangzi and Wang Xintong

Published: Feb. 27, 2025 5:28 p.m. GMT+8

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Song Ge, former chairman of film producer Beijing Jingxi Culture & Tourism. Photo: IC photo

A former chairman of scandal-ridden production company Beijing Jingxi Culture & Tourism Co. Ltd. (000802.SZ) has been sentenced to two years and three months in prison for breaking information disclosure rules, Caixin has learned.

Song Ge was also fined 200,000 yuan ($27,550) for the offense, according to a Beijing court ruling in November that Caixin learned about on Wednesday.

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Song Ge, former chairman of Beijing Jingxi Culture & Tourism Co. Ltd., was sentenced to prison for financial fraud after inflating 2018 financial results.
Song and others inflated the company's assets and profits by over 648 million yuan and 658 million yuan respectively, using fraudulent contracts.
Jingxi Culture & Tourism, known for producing top Chinese films, has suffered annual losses since 2019, with a projected loss for 2024 between 133 million and 196 million yuan.

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Who’s Who

Beijing Jingxi Culture & Tourism Co. Ltd.: Beijing Jingxi Culture & Tourism Co. Ltd. is a Shenzhen-listed production company implicated in financial fraud for inflating 2018 financial results when issuing convertible bonds. The fraud involved former chairman Song Ge and included fake contracts, with inflated assets and profits exceeding 648 million yuan. The company's projects include major films like “Wolf Warrior 2,” but it has suffered financial losses annually since 2019. It expects a loss between 133 million and 196 million yuan for 2024.

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What Happened When

2018-2019：: Song Ge participated in financial fraud to meet performance requirements by inflating 2018 financial results

April 2020：: The fraud was discovered due to a conflict between Song Ge and Lou Xiaoxi

2021：: Zheng Shuang was ordered to pay 299 million yuan after being found guilty of hiding income and evading taxes through "yin-yang" contracts

January 2022：: Beijing police started investigating the fraud case

September 2023：: Song and others involved had either been detained or surrendered to authorities

November 2024：: A Beijing court sentenced Song Ge to two years and three months in prison and fined him 200,000 yuan for breaking information disclosure rules