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breaking news! 3 a-share companies were filed by the china securities regulatory commission

2024-09-13

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on the evening of september 13, lianchuang co., ltd. (300343) announced that the company received a "notice of case filing" issued by the china securities regulatory commission on september 12. because the company was suspected of violating laws and regulations on information disclosure, the china securities regulatory commission decided to file a case against the company.

the announcement disclosed that the company conducted a self-inspection on the above-mentioned investigation matters.

in november 2022, lianchuang co., ltd. disclosed the criminal judgment no. (2022) lu 03 xingchu 1 issued by the intermediate people's court of zibo city, shandong province. in october 2023, the company disclosed the criminal ruling no. (2022) lu xingzhong 354 issued by the higher people's court of shandong province.

the above judgment determined that kong gang, a former shareholder of shanghai luotou, which lianchuang co., ltd. had previously acquired, and other persons involved in the case had committed contract fraud in the company's acquisition of shanghai luotou's equity. this matter resulted in the company obtaining incorrect information on shanghai luotou's financial statements, which led to errors in some items in the company's financial statements in previous years. the company has corrected accounting errors and made retroactive adjustments to the relevant annual financial statements, and hired an accounting firm to issue relevant audit reports.

in addition, lianchuang shares stated that as of the date of disclosure of the announcement, after self-examination by the company, there are currently no other major matters that should be disclosed according to laws and regulations. at present, all production and operation activities of the company are being carried out in an orderly manner.

lianchuang co., ltd. focuses on the research and development, production and sales of new fluorine-containing materials. its current business has formed a complete fluorine chemical industry chain including basic supporting raw materials, fluorine-containing refrigerants, fluorine-containing polymers, fluorine-containing fine chemicals, etc.

in terms of financial data, on august 28, the company disclosed its 2024 semi-annual report showing that in the first half of the year, the company achieved revenue of 393 million yuan, a year-on-year decrease of 18.40%; the net profit attributable to the parent was a loss of 12.7226 million yuan, compared with a profit of 23.7631 million yuan in the same period last year; the non-net profit was a loss of 19.6633 million yuan, compared with a profit of 19.5441 million yuan in the same period last year.

in fact, in may this year, lianchuang co., ltd. and related personnel also received a warning letter issued by the shandong securities regulatory bureau due to information disclosure violations.

the announcement at that time showed that lianchuang co., ltd. signed a "memorandum of strategic cooperation" with beijing xintou on march 25, 2019. beijing xintou planned to increase the capital of the company's holding subsidiary hua'an new materials, with a cumulative amount not exceeding 380 million yuan, and then signed the "capital increase and share expansion agreement" on march 29, 2019. as of december 31, 2019, beijing xintou actually paid 88.88 million yuan in capital increase according to the agreement and obtained 9.999% of hua'an new materials' equity. the company only disclosed the "announcement on the signing of a memorandum of strategic cooperation" on april 9, 2019, and did not disclose the signing of the "memorandum of strategic cooperation" and the subsequent actual capital increase in a timely manner.

the above-mentioned actions of lianchuang shares violated the relevant provisions of article 2, article 30, article 32 and article 33 of the "information disclosure management measures for listed companies". the shandong securities regulatory bureau decided to take supervisory and management measures of issuing a warning letter to lianchuang shares and relevant responsible persons li hongguo, qi haiying and hu anzhi, and record it in the securities and futures market integrity file database.

in addition to lianchuang shares, several listed companies have issued announcements stating that they are being investigated by the china securities regulatory commission for suspected violations of information disclosure laws and regulations.

langyuan shares (300175) announced on the evening of september 13 that it had received a "notice of case filing" issued by the china securities regulatory commission. the csrc decided to file a case against the company for suspected illegal and irregular information disclosure.

the announcement disclosed that after self-examination by langyuan shares, the main reason for the case was that the company's former holding subsidiary, youshi united, was suspected of participating in false transactions. the company has actively rectified the situation in the early stage. if there are any matters that have not been rectified in the future, the company will fulfill the relevant information disclosure obligations in accordance with the law. at present, all production and operation activities of the company are proceeding normally.

according to information, langyuan co., ltd. was listed on the growth enterprise market in 2011. the company is mainly engaged in the planting management, processing, warehousing and sales of fresh and dried fruits. in 2018, langyuan co., ltd. acquired the controlling stake of youshi united and laid out the data center business.

however, youshi united did not fulfill its performance commitments and committed fraud for four consecutive years. in may this year, langyuan co., ltd. announced that it plans to sell youshi united's assets to shanghai yu changyi industrial co., ltd. for 85 million yuan. after the completion of this transaction, youshi united will no longer be included in the company's consolidated financial statements; the impact of the company's non-standard audit opinions from 2021 to 2023 will be eliminated.

on the evening of september 13, *st yinjiang (300020) also issued an announcement stating that it had received a "notice of case filing" issued by the china securities regulatory commission. the china securities regulatory commission decided to file a case against the company because the company was suspected of violating laws and regulations in information disclosure. however, the announcement did not specify why *st yinjiang was suspected of violating laws and regulations in information disclosure.

it is worth mentioning that on may 27 this year, according to the official website of the zhejiang securities regulatory bureau, *st yinjiang and relevant responsible persons received a warning letter. the "2023 annual report" disclosed by *st yinjiang on april 30, 2024 showed that the company's net profit in 2023 was a loss of 233.951 million yuan, and the company failed to disclose the 2023 annual performance forecast in a timely manner as required.

the zhejiang securities regulatory bureau believes that the above-mentioned behavior of *st yinjiang violates article 3 of the "administrative measures for information disclosure of listed companies". *st yinjiang's chairman wang teng, general manager han zhenxing, financial director ren gangyao, and board secretary wu mengli violated articles 4 and 51 of the "administrative measures for information disclosure of listed companies" and are primarily responsible for the above-mentioned violations. in accordance with article 52 of the "administrative measures for information disclosure of listed companies", the zhejiang securities regulatory bureau decided to take supervisory and management measures of issuing warning letters to *st yinjiang and relevant responsible persons, and record them in the integrity files of the securities and futures market.