Core Viewpoint - The company, Nanjing Kanni Electromechanical Co., Ltd., is currently facing a securities false statement liability lawsuit, with a recent court ruling requiring the company to compensate a total of 33.09 million yuan for damages and court fees related to the case [1][4]. Group 1: Lawsuit Background - The lawsuit stems from a 2021 administrative penalty by the China Securities Regulatory Commission (CSRC), which identified financial fraud involving Guangdong Longxin Technology Co., Ltd. from 2015 to 2017, leading to false disclosures in Kanni Electromechanical's restructuring reports [1][8]. - A total of 17 investors have filed claims against the company for securities false statement liability due to the aforementioned issues [1][9]. Group 2: Court Ruling Details - The recent court ruling (Civil Judgment No. (2022) Su 01 Min Chu 928) mandates that Kanni Electromechanical must pay a total of 33.09 million yuan, which includes 32.91 million yuan for damages and 185,117 yuan for court fees [2][3][4]. - The defendants in the case include Kanni Electromechanical and several other parties, with varying degrees of joint liability, including Guotai Junan Securities, which is responsible for 50% of the total compensation amount [4][5]. Group 3: Financial Implications - The company has already compensated 9 ordinary investors a total of 139,480 yuan as part of the ongoing legal proceedings, while the total amount claimed by all investors is approximately 383 million yuan [9]. - Kanni Electromechanical has proactively set aside 216 million yuan to cover potential compensation claims from investors, reflecting the company's strategy to manage financial risks associated with the lawsuits [9]. Group 4: Industry Context - The case highlights a broader trend in the industry where intermediary institutions, such as financial advisors, face increasing liability in securities false statement cases, with a focus on protecting investor rights and enforcing stricter penalties for financial fraud [6][5]. - The Supreme People's Court has adopted a "zero tolerance" approach towards financial fraud, emphasizing the need for accountability among all parties involved in such cases [4][6].

Group 1 - The core business of the company includes rail transit door systems and components for new energy vehicles, covering products such as subway, high-speed rail, and urban rail vehicle door systems [1] - As of July 30, 2025, the company's stock price was 6.49 yuan, down 1.22% from the previous trading day, with a trading volume of 60 million yuan [1] - The company announced on July 28 that it received a first-instance judgment from the Nanjing Intermediate People's Court regarding a securities false statement liability dispute, involving 17 investors, with a total compensation of 83.1465 million yuan [1] Group 2 - On July 30, the company's main funds experienced a net outflow of 13.546 million yuan [2] - The company belongs to the transportation equipment and new energy vehicle sectors [1]

7月28日，康尼机电（603111.SH）公告称，收到南京市中级人民法院送达的1名机构投资者诉公司证券 虚假陈述责任纠纷案件的一审《民事判决书》【（2022）苏01民初928号】，其中，判决赔偿损失 3290.79万元。《民事判决书》显示，被告除康尼机电外，还有国泰海通、苏亚金诚、东洲评估、嘉源 律所、陈某、高某等，被判分别在50%、40%、15%、2%、2%、2%范围内承担连带责任。 康尼机电称，上述判决书为待生效的一审判决，公司拟提起上诉。 不过，截至上述公告日，共有17名投资者对康尼机电提起了索赔诉讼，累计诉请金额为38263.29万元， 均已下达一审判决，一审判决康尼机电负担的赔偿损失和案件受理费合计金额为8314.65万元。其中， 在一审民事判决书【（2022）苏01民初3953号】中，判决国泰海通对康尼机电负担的赔偿损失和案件受 理费合计金额为54.77万元，在50%范围内承担连带责任。目前康尼机电已对9名普通投资者履行完毕赔 偿义务，合计赔偿金额为139.48万元。 中经记者 罗辑 北京报道 针对上述公告涉及的证券虚假陈述责任纠纷案件，除上述17件案件外，康尼机电对法院已受理但尚未立 案的其他4 ...

Core Viewpoint - The company, Kanni Electromechanical, is facing legal challenges related to securities false statements, stemming from a problematic acquisition made eight years ago, resulting in significant financial losses and ongoing litigation with investors [1][7]. Group 1: Legal Proceedings - On July 28, Kanni Electromechanical announced that the Nanjing Intermediate People's Court ruled in favor of an institutional investor in a securities false statement liability dispute, ordering the company to pay approximately 33.09 million yuan in damages and court fees [1][5]. - A total of 17 investors have filed claims against Kanni Electromechanical, with a cumulative claim amount of 383 million yuan, all of which have received first-instance judgments, resulting in the company being liable for 83.15 million yuan in damages and court fees [5][6]. - In a rare ruling, all intermediary institutions involved, including brokers, auditing firms, evaluation agencies, and law firms, were held jointly liable for compensation, with specific percentages assigned to each [1][6]. Group 2: Financial Impact - The acquisition of Longxin Technology for 3.4 billion yuan in 2017, which constituted over 50% of the company's net assets at the time, has led to substantial financial repercussions, including a significant loss of 3.151 billion yuan in net profit in 2018 due to large provisions for expected liabilities and bad debts [7][8]. - Kanni Electromechanical has already compensated nine ordinary investors a total of 1.39 million yuan and is currently appealing two cases while awaiting the outcome of six other first-instance judgments [6][8]. Group 3: Background of the Acquisition - Kanni Electromechanical, established in 2000 and listed in 2014, primarily focuses on the research, manufacturing, and sales of rail transit door systems [7]. - The company sought to diversify its business by acquiring Longxin Technology in the consumer electronics sector, but the acquisition was marred by financial fraud committed by Longxin, leading to the current legal and financial turmoil [7][8].

Core Viewpoint - The article discusses the ongoing legal issues faced by Kanni Electromechanical due to a past acquisition that resulted in significant financial losses and subsequent lawsuits from investors for securities misrepresentation [1][9]. Group 1: Legal Proceedings - Kanni Electromechanical was ordered by the Nanjing Intermediate Court to compensate an institutional investor approximately 33.09 million yuan for securities misrepresentation [1]. - A total of 17 investors have filed claims against Kanni Electromechanical, with a cumulative claim amount of 383 million yuan, leading to a total compensation of 83.15 million yuan ordered in initial judgments [6]. - All intermediary institutions involved in the case, including brokers and audit firms, were held jointly liable for compensation, with specific percentages assigned to each [2]. Group 2: Financial Impact - The acquisition of Longxin Technology for 3.4 billion yuan in 2017 significantly impacted Kanni Electromechanical's financials, leading to a net profit loss of 3.151 billion yuan in 2018 due to large provisions for expected liabilities and bad debts [10]. - Kanni Electromechanical has recognized a total of 216 million yuan in potential losses related to investor claims, indicating ongoing financial repercussions from the acquisition [7]. Group 3: Background of the Acquisition - The problematic acquisition occurred in 2016 when Kanni Electromechanical sought to diversify into the consumer electronics sector, which ultimately led to financial distress due to fraudulent financial reporting by Longxin Technology [9][10]. - Following the acquisition, Kanni Electromechanical took legal action against the original shareholders of Longxin Technology for breach of contract and sought to recover losses [11].

Core Viewpoint - The article discusses the ongoing legal issues faced by Nanjing Kanni Electromechanical Co., Ltd. related to securities false statement liability disputes, stemming from financial fraud by Guangdong Longxin Technology Co., Ltd. during the asset restructuring process [2][4]. Group 1: Background of the Case - In 2014, Guangdong Longxin Technology Co., Ltd. planned an IPO but terminated it by the end of 2015. In 2016, it engaged in asset restructuring discussions with Kanni Electromechanical [2]. - Kanni Electromechanical proposed to acquire 100% of Longxin Technology for 3.4 billion yuan, which constituted a significant asset restructuring [2]. - From 2015 to 2017, Longxin Technology was found to have inflated revenue and profits, leading to false records in Kanni Electromechanical's restructuring reports [2][4]. Group 2: Legal Proceedings - Kanni Electromechanical has faced lawsuits from 17 investors claiming damages due to the false statements, with a total claim amounting to approximately 382.63 million yuan [7]. - The Nanjing Intermediate People's Court issued a civil judgment requiring Kanni Electromechanical to pay a total of 33,093,050.08 yuan in damages and court fees for one of the cases [3][6]. - The court also assigned joint liability to other defendants, including Guotai Junan Securities and Suya Jincheng Accounting Firm, with varying percentages of responsibility [3][6]. Group 3: Financial Impact - Kanni Electromechanical has provisioned for investor compensation, totaling approximately 216.03 million yuan, to cover potential losses from ongoing and future lawsuits [8]. - The company has already compensated nine ordinary investors a total of 1,394,839.17 yuan and is in the process of appealing certain cases [7][8]. Group 4: Future Actions - The company plans to actively monitor the progress of the lawsuits and handle investor claims in accordance with legal regulations [9]. - Kanni Electromechanical will continue to fulfill its information disclosure obligations as required by law [9].

近日，南京康尼机电股份有限公司（以下简称"公司"或者"康尼机电"）收到 南京市中级人民法院（以下简称"南京中院"）送达的 1 名机构投资者诉公司证 券虚假陈述责任纠纷案件的一审《民事判决书》，现将具体情况公告如下： 一、本次诉讼基本情况 2021 年 7 月 30 日，公司收到中国证监会下发的《行政处罚决定书》【〔2021〕 54 号】认定：2015 年至 2017 年，广东龙昕科技有限公司存在虚增收入、利润等 财务造假行为，导致康尼机电 2017 年披露的上述《重组报告书（草案）》《重 组报告书》存在虚假记载，具体内容详见公司于 2021 年 7 月 31 日披露的《关于 收到行政处罚决定书的公告》（公告编号：2021-023）。因上述事项，共有 17 名投资者以证券虚假陈述责任纠纷为由对公司提起了投资者索赔诉讼。 二、一审民事判决情况 近日，公司收到南京中院下达的 1 名机构投资者诉公司证券虚假陈述责任纠 纷案件的一审《民事判决书》【（2022）苏 01 民初 928 号】，判决书主要内容 如下： 证券代码：603111 证券简称：康尼机电 公告编号：2025-035 南京康尼机电股份有限公司 关于证券虚 ...

Group 1 - The railway fixed asset investment in June reached 113.8 billion, showing a year-on-year growth of 4.6%, indicating high industry prosperity despite a high base from the previous year [1] - From January to June, the total railway fixed asset investment was 355.9 billion, with a year-on-year increase of 5.5% [1] - The number of railway passengers reached 2.236 billion, reflecting a year-on-year growth of 6.7%, while freight volume was 25.58 million tons, up by 1.8% [1] Group 2 - The railway department has increased night high-speed trains to meet the rising passenger demand during the summer peak, with June passenger volume at 373 million, a 3.6% increase year-on-year [2] - The Chengdu-Chongqing high-speed railway is under construction and will operate at a speed of 400 km/h, reducing travel time between Chengdu and Chongqing to 50 minutes [2] Group 3 - Several rail transit equipment companies reported better-than-expected performance in the first half of the year, confirming the sector's prosperity, with China CNR expected to achieve a net profit of 6.722-7.562 billion, a growth of 60-80% [3] - Other companies like Siwei Control and Jinchuan Group also reported significant profit increases, with growth rates ranging from 45% to over 200% [3] Group 4 - The upcoming vehicle tenders are expected to see a significant increase, with the second half of the year projected to have a tender volume that may exceed expectations [4] - The total new railway line expected to be put into operation in the second half is around 2300 kilometers, following a modest 301 kilometers in the first half [4] Group 5 - The focus is recommended on vehicle equipment segments, with key suppliers such as China CNR and Siwei Control highlighted for their reliability in the upcoming peak and major repair years [5] - Other companies to watch include Times Electric, China Communications, and Jinchuang Group, among others, for their respective components and systems [5]

Core Viewpoint - Nanjing Kanni Electromechanical Co., Ltd. is currently facing multiple lawsuits from investors regarding securities false statement liability, stemming from a previous administrative penalty by the China Securities Regulatory Commission for financial misconduct by a related company [1][2]. Summary by Sections Basic Situation of the Lawsuit - The company received an administrative penalty from the China Securities Regulatory Commission on July 30, 2021, due to financial fraud by Guangdong Longxin Technology Co., Ltd. from 2015 to 2017, which led to false disclosures in the company's restructuring reports [1]. - A total of 17 investors have filed lawsuits against the company for securities false statement liability [1]. First Instance Civil Judgment Situation - The company has received first-instance civil judgments for 16 investor lawsuits, with the total compensation amounting to 50,053,463.01 yuan [3]. - Among these, one judgment also holds Guotai Junan Securities Co., Ltd. liable for 547,746.32 yuan in compensation, sharing 50% of the responsibility [3]. Compensation and Appeals - The company has completed compensation payments totaling 1,394,839.17 yuan to nine investors from the first-instance judgments [4]. - The company has appealed one judgment and is seeking to overturn it, requesting that the plaintiff bear all litigation costs [4]. - Another judgment is pending appeal, and the company plans to appeal it as well [5]. Impact on Financials - The company has provisioned for potential losses related to these lawsuits, totaling 216,031,343.66 yuan, which is expected not to significantly impact current or future profits [5][6]. - The company will continue to monitor the lawsuits and handle investor claims in accordance with legal requirements [6].

证券代码：603111 证券简称：康尼机电 公告编号：2025-034 南京康尼机电股份有限公司 关于证券虚假陈述责任纠纷诉讼的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 截至本公告日，南京康尼机电股份有限公司（以下简称"公司"或者"康尼机 电"）累计收到南京市中级人民法院（以下简称"南京中院"）送达的 16 名投资 者诉公司证券虚假陈述责任纠纷案件的一审《民事判决书》，现将具体情况公告 如下： 一、本次诉讼基本情况 2021 年 7 月 30 日，公司收到中国证监会下发的《行政处罚决定书》【〔2021〕 54 号】认定：2015 年至 2017 年，广东龙昕科技有限公司存在虚增收入、利润等 财务造假行为，导致康尼机电 2017 年披露的上述《重组报告书（草案）》《重 组报告书》存在虚假记载，具体内容详见公司于 2021 年 7 月 31 日披露的《关于 收到行政处罚决定书的公告》（公告编号：2021-023）。因上述事项，共有 17 名投资者以证券虚假陈述责任纠纷为由对公司提起了投资者索赔诉讼。 二、一审 ...