受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2026年2月13日，上海久诚律师事务所股票索赔许峰代理的易事特（维权）（300376）虚假陈述引发的 投资者索赔案再向广州市中级人民法院提交一次立案。（许峰律师专栏） 许峰律师提示，易事特投资者索赔案已有胜诉判决。2月上旬，许峰律师代理的部分投资者收到赔偿 款，已经获赔到位。律师团队同步还在推进后续案件的立案工作，还在继续接受其他投资者的索赔委 托。 2024年12月31日晚，易事特公告收到证监会《行政处罚决定书》，经查明，当事人存在以下违法事实： 一、易事特通过开展虚假贸易业务虚增营业收入、营业成本、利润总额。 二、易事特通过开展具有融资性质的代采业务和代理业务虚增营业收入、营业成本。 三、易事特通过开展具有融资性质的数据中心集成业务虚增营业收入、营业成本。 综上，易事特通过上述不具有商业实质的虚假贸易业务、融资性代采业务、代理业务和数据中心集成业 务虚增营业收入、营业成本、利润总额，导致易事 ...

Group 1 - The core theme of CES 2026 is the integration and industrialization of AI technology, with Daotong Technology showcasing advancements in "AI + Robotics" and "AI + Charging" [3][4] - Daotong Technology's embodied intelligent cluster, consisting of smart charging robots and inspection robots, demonstrates a closed-loop capability from AI decision-making to on-site execution [3][4] - The company introduced the V2G home charging station AC Compact Gen2, enabling bidirectional energy exchange between vehicles and the grid, and the MaxiCharger DC50, which was selected as "Best of CES 2026" for its high conversion rate and modular design [4] Group 2 - Daotong Technology's revenue for the first three quarters of 2025 increased by 24.69% year-on-year, with a 61.81% growth in net profit attributable to the parent company, indicating the gradual realization of AI technology applications [4] - The establishment of Shenzhen Daohengtongtai Robot Co., Ltd. in 2024 aims to accelerate the R&D and implementation of embodied intelligence in smart transportation and energy sectors [4] - As AI continues to integrate deeply into industries, companies with closed-loop capabilities in specific scenarios are expected to gain a competitive edge in the process of intelligent transformation [4]

Group 1 - The company has submitted a batch of compensation cases to the court for review, with the stock set to be delisted on July 21, 2025, but the claims related to violations during its listing period remain valid [1][3] - Investors who purchased shares between April 25, 2018, and January 17, 2025, and sold or still hold them after January 18, 2025, can register for compensation due to losses [1][3] Group 2 - The company has been found guilty of two major violations: false reporting in annual reports from 2017 to 2022, particularly regarding the financial data of the Qingdao Zhongcheng Philippines Integrated Wind and Solar Project from 2017 to 2021 [2][4] - The company failed to disclose significant litigation matters in a timely manner, with a subsidiary involved in a lawsuit amounting to 627 million yuan, which accounted for 57.47% of the company's net assets at the end of 2022, disclosed only in November 2023 [2][4] - The increasing number of severe penalties for companies post-delisting in the A-share market sends a clear regulatory signal that serious violations will not be overlooked, and accountability will follow [2][4]

Core Viewpoint - The recent administrative penalties imposed on delisted companies such as Fan Hai Holdings and Qingdao Zhongcheng highlight the ongoing trend of strict regulatory oversight in China's capital markets, emphasizing that "delisting does not exempt from liability" [1][3][11] Regulatory Actions - In October, seven delisted companies faced regulatory actions, including administrative penalties and investigations, indicating a comprehensive approach to enforcement throughout the IPO, operation, and delisting phases [1][3] - Qingdao Zhongcheng was penalized for long-term systematic financial fraud and failure to disclose significant litigation in a timely manner, resulting in fines totaling 20.6 million yuan [4][5] - Fan Hai Holdings received penalties for failing to disclose breaches of financing contracts, with unpaid debts amounting to 5.943 billion yuan in 2022 and 2.6 billion yuan in 2023, leading to fines of 8.4 million yuan [6][8] Investor Protection Mechanisms - The China Securities Regulatory Commission (CSRC) has strengthened investor protection measures, particularly in cases of major violations leading to forced delisting [8][10] - New guidelines encourage controlling shareholders to proactively compensate investors for losses incurred due to corporate misconduct, enhancing the legal framework for investor rights [9][10] - Various compensation mechanisms, including civil damages for false statements and representative lawsuits, are being utilized to protect investors during the delisting process [9][10]

Core Viewpoint - The article highlights the increasing regulatory scrutiny and penalties imposed on delisted companies in China's capital market, emphasizing that "delisting does not exempt from liability" has become a norm in market regulation [1][2][7]. Group 1: Regulatory Actions - Seven delisted companies have faced regulatory actions in October, including Pan Hai Holdings and Qingdao Zhongcheng, indicating a trend of strict enforcement against financial misconduct [1][2]. - Qingdao Zhongcheng was penalized for systematic financial fraud and failure to disclose significant lawsuits, with fines totaling 20.6 million yuan, including 7.5 million yuan for the company itself [2][4]. - Pan Hai Holdings received a penalty for failing to disclose breaches of financing contracts, with fines totaling 8.4 million yuan, including 4 million yuan for the company [4]. Group 2: Investor Protection Mechanisms - The China Securities Regulatory Commission (CSRC) has strengthened investor protection measures, particularly in cases of major violations leading to forced delisting [5][6]. - New guidelines encourage controlling shareholders to proactively compensate investors for losses incurred due to illegal activities, enhancing the legal framework for investor protection [6][7]. - Various compensation mechanisms, including civil damages for false statements and representative lawsuits, are being utilized to protect investors' rights in the context of delisting [6][7].

Core Viewpoint - The recent administrative penalties imposed on delisted companies such as Fan Hai Holdings and Qingdao Zhongcheng highlight the ongoing trend of strict regulatory oversight in China's capital markets, emphasizing that "delisting does not equate to exemption from accountability" [1][4]. Regulatory Actions - In October, seven delisted companies faced regulatory actions, including administrative penalties and investigations, indicating a comprehensive approach to enforcement across the IPO, operation, and delisting phases [1][4]. - Qingdao Zhongcheng was penalized for long-term systematic financial fraud and failure to disclose significant litigation in a timely manner, resulting in a total fine of 20.6 million yuan [5][7]. - Fan Hai Holdings received penalties for failing to disclose defaults on financing contracts, with overdue debts amounting to 5.943 billion yuan in 2022 and 2.6 billion yuan in 2023, leading to a total fine of 8.4 million yuan [7][8]. Investor Protection Mechanisms - The China Securities Regulatory Commission (CSRC) has strengthened investor protection measures, particularly in cases of major violations leading to forced delisting, encouraging proactive compensation from controlling shareholders [8][9]. - The introduction of various compensation mechanisms, including special representative litigation and advance compensation, aims to address investor losses effectively [8][9]. - The ongoing legal reforms and regulatory updates are designed to enhance the legal framework for investor protection, ensuring that accountability for delisted companies is firmly established [9].

Core Viewpoint - The regulatory authorities are firmly enforcing the principle of "delisting does not exempt from responsibility," indicating a zero-tolerance approach towards violations by delisted companies [1][3][6] Summary by Sections Regulatory Actions - In October, the China Securities Regulatory Commission (CSRC) and local securities regulatory bureaus took action against seven delisted companies, with four receiving administrative penalties or notices, two shareholders under investigation, and one company facing regulatory measures [1][3] - Pan Ocean Holdings and Qingdao Zhongzi Zhongcheng Group received penalties for violations related to delisting criteria, with fines of 8.4 million yuan and 20.6 million yuan respectively [2][4] Enforcement of Accountability - The regulatory bodies are implementing a "double penalty" approach, holding both the companies and key individuals accountable for violations, which enhances the deterrent effect against misconduct [4][5] - For instance, Longjiang Health's controlling shareholder is facing a fine of 15 million yuan, while the company's former and current chairpersons are subject to fines of 1.2 million yuan each and potential lifetime bans from the securities market [5] Strengthening Investor Protection - The regulatory framework is evolving to include civil and criminal liabilities for delisted companies, thereby increasing the cost of violations and reinforcing regulatory deterrence [6] - Recent measures include the CSRC's guidelines to enhance protection for small investors during the delisting process, encouraging proactive compensation from controlling shareholders to mitigate investor losses [6][7] Market Impact - The ongoing strict regulatory environment is expected to improve compliance among companies, enhance market integrity, and protect investor rights, ultimately fostering a healthier capital market ecosystem [5][7]

Core Points - Qingdao Zhongcheng (300208) has received an administrative penalty decision from the China Securities Regulatory Commission (CSRC) for false statements in its financial reports [1][2] - The law firm Shanghai Jiucheng, represented by lawyer Xu Feng, is currently accepting claims from investors who suffered losses due to these violations [1][2] Summary by Sections Financial Misstatements - Qingdao Zhongcheng's annual reports from 2017 to 2022 contained significant false records, including: - 2017: Overstated revenue by 1,403.22 million, 92.18% of reported revenue; overstated profit by 552.77 million, 136.17% of reported profit [1] - 2018: Overstated revenue by 467.89 million, 36.00% of reported revenue; overstated profit by 217.76 million, 94.92% of reported profit [1] - 2019: Understated revenue by 672.44 million, 88.83% of reported revenue; understated profit by 285.38 million, 78.36% of reported profit [1] - 2020: Overstated intangible assets by 300.23 million, 6.53% of total assets; understated revenue by 343.08 million, 118.51% of reported revenue; understated profit by 281.80 million, 56.22% of reported profit [1] - 2021: Overstated intangible assets by 309.70 million, 7.37% of total assets; understated revenue by 0.73 million, 0.46% of reported revenue; overstated profit by 0.50 million, 5.83% of reported profit [1] - 2022: Overstated intangible assets by 309.70 million, 7.42% of total assets [1] Legal Proceedings - Investors who purchased Qingdao Zhongcheng stock between April 25, 2018, and April 29, 2024, may initiate claims for compensation [2] - The law firm is also handling claims for investors of Haofeng Technology (300419), which has also faced penalties from the CSRC for similar violations [2][3] Haofeng Technology Violations - Haofeng Technology was found to have inflated its 2020 revenue by 73.13 million, 11.43% of its annual revenue, due to misreporting related to financing activities [2][3] - Investors who bought Haofeng Technology stock between April 26, 2021, and December 27, 2023, are eligible to file claims [3]

Core Viewpoint - The regulatory authorities are firmly enforcing the principle of "delisting does not exempt from responsibility," indicating a zero-tolerance approach towards illegal activities by delisted companies [1][3][5]. Regulatory Actions - In October, the China Securities Regulatory Commission (CSRC) and local securities regulatory bureaus took action against seven delisted companies, with four receiving administrative penalties or prior notices, two shareholders being investigated, and one company facing regulatory measures [1][2]. - Pan Hai Holdings and Qingdao Zhongzi Zhongcheng Group received fines of 8.4 million yuan and 20.6 million yuan respectively for violations related to financial disclosures and contract defaults [2]. Enforcement of Accountability - The regulatory bodies are implementing a "double penalty" approach, holding both the companies and key individuals accountable for violations, which enhances the deterrent effect against misconduct [4][5]. - For instance, the controlling shareholder of Changjiang Health was fined 15 million yuan, and the former and current chairpersons faced fines of 1.2 million yuan each, along with lifetime bans from the securities market [4]. Strengthening Investor Protection - The CSRC is enhancing investor protection measures, particularly for small and medium investors, by promoting proactive compensation from controlling shareholders in cases of significant violations leading to forced delisting [7][8]. - Recent judicial actions have also favored investors, as seen in the case of Shanghai Longyu Data, where investors won a civil lawsuit against the delisted company [7]. Overall Market Impact - The ongoing strict regulatory environment is expected to improve compliance among companies, reduce the occurrence of illegal activities, and ultimately foster a healthier capital market ecosystem [5][6].

Core Viewpoint - Both Qingdao Zhongci Zhongcheng Group Co., Ltd. and Fanhai Holdings Co., Ltd. received administrative penalties from the China Securities Regulatory Commission (CSRC) and Beijing Securities Regulatory Bureau for violations of information disclosure laws, highlighting the regulatory stance that delisting does not exempt companies from accountability [2][7][18]. Group 1: Qingdao Zhongci Zhongcheng Group - Qingdao Zhongci was penalized for false records in annual reports from 2017 to 2022 and failure to disclose significant litigation matters [7][8]. - The company falsely reported financial data related to its projects in the Philippines and Indonesia, leading to six consecutive years of false annual reports [10][11]. - Specific financial discrepancies included a revenue inflation of approximately 1.403 billion yuan in 2017, which accounted for 92.18% of reported revenue, and a profit inflation of about 553 million yuan, representing 136.17% of reported profit [11][14]. Group 2: Fanhai Holdings - Fanhai Holdings was penalized for failing to timely disclose significant debt defaults, with eight financing contracts defaulting between 2022 and 2023 [18][20]. - The undisclosed debts included 5.943 billion yuan in 2022, which was 43.15% of the company's latest audited net assets, and 2.6 billion yuan in 2023, amounting to 290.83% of the latest audited net assets [18][22]. - The penalties included a fine of 4 million yuan for the company and individual fines for key executives, reflecting a lack of diligence in their responsibilities [22].