Core Viewpoint - The recent court rulings on securities fraud cases, such as the Jin Tong Ling and Jinzhou Port cases, highlight the effectiveness of the special representative litigation system in protecting investors' rights and maintaining market order [2][3]. Group 1: Special Representative Litigation - The Jin Tong Ling case marks another significant ruling under the special representative litigation procedure, following the Kangmei Pharmaceutical and Zeda Yisheng cases, demonstrating the system's role in collective low-cost protection of investors' rights [2]. - The special representative litigation system serves as an important legal mechanism for deterring potential violations in the securities market through coordinated governance between regulatory and judicial bodies [2]. Group 2: Investor Protection Initiatives - The Jinzhou Port case involved serious securities violations that disrupted market order, leading to administrative penalties by the China Securities Regulatory Commission (CSRC) and the acceptance of investor lawsuits under the special representative litigation procedure [2]. - The CSRC supports the China Securities Investor Service Center in fulfilling its role in representing investors in civil litigation, thereby enhancing the protection of investors' rights and promoting a healthy market environment [3]. Group 3: Advance Compensation Mechanism - The establishment of a special fund for advance compensation by Wenkong Securities for the Guangdao Digital case is a part of the diversified resolution mechanism for securities disputes as stipulated by the Securities Law [4]. - The China Securities Investor Protection Fund plays a crucial role in managing the fund and facilitating the advance compensation process, which aims to resolve market disputes efficiently and protect investors' rights [4].

Core Viewpoint - The Nanjing Intermediate Court has ruled that Jintongling Securities must compensate over 43,000 investors a total of 770 million yuan for false statements, marking a significant enforcement of securities regulations and a response to financial misconduct [1] Group 1: Legal Proceedings - The court's decision is part of a special representative lawsuit initiated by the China Securities Investor Service Center against Jintongling Securities [1] - The ruling includes ongoing civil liability proceedings against 25 other defendants, including former directors, supervisors, and intermediary agencies [1] Group 2: Regulatory Impact - This judgment reflects the implementation of the new "National Nine Articles" aimed at enhancing the application of special representative lawsuits and intensifying the crackdown on securities violations and financial fraud [1]

证券代码：300091 证券简称：金通灵 公告编号：2025-054 金通灵科技集团股份有限公司 关于投资者诉讼事项进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 1.上市公司所处的当事人地位：被告 2.案件所处诉讼阶段：一审判决 3. 涉 案 的 金 额 ： 各 被 告 应 向 叶 小 明 等 43,269 名 投 资 者 赔 偿 投 资 损 失 774,785,993.38 元。 4.对上市公司损益产生的影响：公司将按照相关会计准则的规定补充确认预计 负债，将对公司本期利润或期后利润产生重大影响，具体影响金额以审计意见为准。 1.原告：叶小明、王澎涛等 50,835 名投资者 4.诉讼方式：特别代表人诉讼 二、涉诉基本情况 公司于 2024 年 12 月 16 日收到南京中院关于原告叶小明等 10 名自然人投资者 与公司证券虚假陈述责任纠纷一案的《民事裁定书》，裁定适用普通代表人诉讼程 序审理本案。 2024 年 12 月 30 日，投服中心称接受 60 名权利人的特别授权，向南京中院申请 作为代表人参加诉讼。根据《中华人民共和 ...

中国证监会网站8月31日公布的中国证券监督管理委员会宁夏监管局行政处罚决定书(〔2020〕1号)显 示，2018年10月，江苏金通灵流体机械科技股份有限公司(以下简称"金通灵")控股股东、实际控制人季 某及一致行动人季某东所持上市公司股份100%质押，出现流动性困难，开始筹划转让上市公司股权。 季某通过金通灵上海办事处联系到恒泰华盛资产管理有限公司(以下简称"恒泰华盛")郝某等人，郝某联 系了陕西金资基金管理有限公司(以下简称"陕金资")总经理万某。后陕金资、陕西金融资产管理股份有 限公司(陕金资控股股东，以下简称"陕金融")与金通灵相互进行了解、商谈，但未能对转让股权事项取 得一致意见。2018年11月12日，万某等人到中陕核工业集团公司(陕金融股东，以下简称"中陕核")商谈 业务，向中陕核时任总会计师范某提到金通灵控股股东转让股权一事，有意由中陕核出资成立基金，通 过基金收购金通灵控股权。 2018年11月14日，范某、中陕核金融发展部部长哈某新等人与中陕核下属投资公司相关人员讨论收购金 通灵控股权事宜，形成可以推进的意见。2018年11月20日，金通灵、中陕核、陕金资、恒泰华盛相关人 员在中陕核会谈，签 ...

Core Viewpoint - Financial fraud has severely undermined the principles of fairness and transparency in the A-share market, harming the legitimate rights and interests of investors, with over 10 listed companies facing penalties and forced delisting since 2025, including five companies receiving fines exceeding 100 million RMB [1][3]. Group 1: Financial Fraud Cases - Numerous typical cases of financial fraud in listed companies over the past three to five years have been identified, including companies like Zijing Storage, Kangde Xin, Guizhou Bailing, and Yili Clean Energy, revealing complex relationships between actual controllers and financial directors, as well as chaotic corporate governance [3][4]. - In the case of Kangde Xin, the actual controller and financial director conspired to implement systematic financial fraud for seven years, while Zijing Storage's actual controller organized high-level executives to inflate revenue through fake contracts and falsified documents [4][5]. - The financial fraud methods commonly employed include inflating profits, manipulating costs, and creating fictitious assets, often involving collusion among key personnel [6][8]. Group 2: Penalties and Consequences - The penalties for financial fraud have been severe, with individuals facing both administrative and criminal consequences. For instance, Kangde Xin's actual controller received a 15-year prison sentence and a fine of 202 million RMB, while the financial director received a 13-year sentence and a fine of 10.15 million RMB [5][9]. - Companies involved in financial fraud face significant repercussions, such as ST Gaohong, which reported a cumulative litigation amount of 3.511 billion RMB, representing 427.64% of its latest audited net assets [9][10]. - The ongoing issues of financial fraud and deceptive practices are seen as major threats to the healthy development of China's capital market, undermining investor confidence and market fairness [9][10]. Group 3: Systemic Issues and Recommendations - The prevalence of financial fraud highlights systemic issues within corporate governance, including failures in internal controls and potential negligence by auditing firms, with some cases involving extensive collusion with third parties [10]. - Experts suggest that regulatory oversight of listed companies should be strengthened, with increased penalties for fraudulent activities and accountability for auditing firms and colluding third parties to maintain the integrity of the capital market [10].

Group 1 - The generator concept sector is leading the decline, down by 2.33% [1] - Among the companies, Zhongjian Technology fell by 9.13% [1] - Jintongling decreased by 2.36% [1] - Huafeng Co., Ltd. dropped by 2.21% [1]

证券代码：300091 证券简称：金通灵 公告编号：2025-053 金通灵科技集团股份有限公司 关于公司累计诉讼、仲裁案件进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 | | 金通灵科 | 武汉凯迪 | 买卖 | | | 一审判决，被告支付货款 90 万元 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 4 | 技集团股 份有限公 | 电力环保 | 合同 | 194.94 | 二审判决 | 及利息；驳回原告的其他诉讼请 | 待被告履行 | | | | 有限公司 | 纠纷 | | | 求。原告上诉，二审维持原判。 | | | | 司 | 无锡威卓 | | | | | | | 5 | 江苏金通 灵鼓风机 | 智能机器 | 买卖 合同 | 2.97 | 二审判决 | 一审判决，被告支付 2.84 万元以 及利息。被告上诉，二审维持原 | 待被告履行 | | | | 人有限公 | | | | | | | | 有限公司 | 司 | 纠纷 | | | 判。 | | | | 金通灵科 | | ...

证券代码：300091 证券简称：金通灵 公告编号：2025-052 金通灵科技集团股份有限公司 关于公司累计诉讼、仲裁情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 3、涉案金额：上述案件涉案金额合计为 13,955.82 万元，占公司最近一期经审 计净资产的 20.47%。其中，公司作为原告涉及诉讼、仲裁案件金额合计 333.65 万元； 公司及控股子公司作为被告涉及诉讼、仲裁案件金额合计 13,622.17 万元。公司及 控股子公司连续十二个月内，除本公告附件中披露的公司控股子公司与南通众和融 资担保集团有限公司（以下简称"众和担保"）的保证合同纠纷案件涉案金额 9,377.00 万元（占公司最近一期经审计净资产的 13.76%）外，不存在未披露的单项涉案金额 占公司最近一期经审计净资产 10%以上的重大诉讼、仲裁事项。 4、对上市公司损益产生的影响：鉴于上述部分案件尚未开庭或尚未结案，其对 公司本期利润或期后利润的影响存在不确定性，目前无法预测其对公司利润的影响。 公司根据《深圳证券交易所创业板股票上市规则》等有关规定，对公 ...

12月3日，金通灵大宗交易成交229.05万股，成交额594.01万元，占当日总成交额的7.8%，成交均价2.59 元，较市场收盘价2.99元折价13.27%，其中最高成交价3.61元，最低成交价2.41元。 ...

Core Viewpoint - The Jiangsu state-owned enterprise reform sector experienced a slight increase of 0.2% on December 1, with Suhao Huihong leading the gains. The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1]. Group 1: Stock Performance - Suhao Huihong (600981) closed at 3.39, with a significant increase of 10.06%, and a trading volume of 1.6251 million shares, amounting to a transaction value of 515 million yuan [1]. - Zhongsheng Gaoke (002778) also saw a rise of 10.00%, closing at 24.09, with a trading volume of 38,600 shares and a transaction value of 92.1486 million yuan [1]. - Happiness Blue Ocean (300528) increased by 8.25%, closing at 23.88, with a trading volume of 501,800 shares and a transaction value of 1.202 billion yuan [1]. Group 2: Capital Flow - The Jiangsu state-owned enterprise reform sector experienced a net outflow of 56.16 million yuan from main funds, while retail investors saw a net inflow of 25.39 million yuan [2]. - Main funds showed a significant net inflow in Suhao Huihong (600981) of 63.38 million yuan, representing 12.30% of the total, despite a net outflow of 67.48 million yuan from retail investors [3]. - Happiness Blue Ocean (300528) had a net inflow of 61.16 million yuan from main funds, but also faced a net outflow of 72.62 million yuan from retail investors [3].