Core Viewpoint - The court has ruled in favor of investors in the case against Renzi Hang Network Technology Co., Ltd. for securities fraud, allowing affected investors to claim compensation through a designated platform [1][2][5]. Summary by Relevant Sections Legal Proceedings - The case involves Renzi Hang, which received a notice from the China Securities Regulatory Commission (CSRC) on August 9, 2024, regarding suspected violations of information disclosure laws [1][4]. - The CSRC decided to initiate an investigation based on the Securities Law and the Administrative Penalty Law of the People's Republic of China [1][4]. - On July 18, 2025, the CSRC issued an administrative penalty decision, confirming that Renzi Hang had inflated its operating income by amounts of 36,951,333.48 yuan, 48,435,351.70 yuan, and 26,929,607.08 yuan from 2020 to the first half of 2022, representing 4.21%, 6.97%, and 10.81% of the reported figures respectively [1][4]. Financial Misrepresentation - The company also inflated its total profit by 19,406,901.32 yuan, 37,317,431.71 yuan, and 16,560,909.58 yuan during the same period, which accounted for 85.93%, 70.03%, and 30.79% of the reported profit figures [1][4]. - Renzi Hang's annual reports for 2020, 2021, and the semi-annual report for 2022 contained false statements [1][4]. Investor Compensation - Affected investors who purchased shares between April 27, 2021, and August 9, 2024, and still hold them, are eligible to register for compensation, regardless of whether they sell after August 10, 2024 [2][3][6]. - The specific compensation amounts will be determined by the court [3][6].

Group 1 - The core point of the article is that investors in Renzihang have won a first-instance lawsuit regarding compensation for losses due to false statements made by the company [1][3] - The lawsuit is based on the findings of the China Securities Regulatory Commission (CSRC), which revealed that Renzihang had engaged in financial fraud for two and a half years [1][4] - Investors who purchased shares between April 27, 2021, and August 10, 2024, and sold or still hold shares at a loss after August 11, 2024, are eligible to participate in the compensation claims [2][5] Group 2 - The financial fraud was primarily linked to Renzihang's wholly-owned subsidiary, Beijing Yahon, which inflated assets, revenues, and profits in its financial reports [4][5] - Following the acquisition of Beijing Yahon in July 2017, the subsidiary operated independently and continued using the pre-acquisition management team [5] - From 2020 to mid-2022, the company inflated its operating income and total profit through contracts lacking commercial substance, leading to false disclosures in annual and semi-annual reports [5]

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 需要提示的是，根据一审判决书，投资者索赔条件已经发生变化，投资者请注意。许峰律师团队同步还 在继续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 2025年7月18日，任子行公告收到《行政处罚决定书》，经查明，任子行存在如下违法事实： 2026年1月13日，上海久诚律师事务所股票索赔律师许峰代理的任子行（300311）投资者索赔已经收到 深圳市中级人民法院送达的投资者一审胜诉判决，投资者胜诉。（许峰律师专栏） 2015年3月，任子行收购北京亚鸿世纪科技发展有限公司（以下简称北京亚鸿）51%的股权；2016年8 月，任子行增持北京亚鸿5%的股权；2017年7月，任子行收购北京亚鸿剩余44%的股权，北京亚鸿成为 任子行的全资子公司。自收购后，北京亚鸿一直独立运营并基本沿用了任子行收购前的管理团队及业务 骨干。 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 ...

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 一、索赔还可加入 上海沪紫律师事务所刘鹏律师代理的投资者诉任子行证券虚假陈述案此前已收到一部分核损报告。近日 再次递交了一批次案件至法院立案。（刘鹏律师专栏） 回溯此案，跟一纸处罚有关，证监会的《行政处罚决定书》揭开了任子行连续两年半财务造假的真相。 主要违规事实为其控股子公司财务造假。据处罚，任子行被处罚主要源于全资子公司亚鸿世纪相关年度 存在多计资产、多计收入、多计利润等情况。 上海沪紫律师事务所刘鹏律师提示索赔条件为于2021年4月27日-2024年8月10日期间买入，并在2024年8 月11日之后卖出或仍持有而亏损的投资者可参与。（任子行维权入口） 二、子公司财报造假 经查明，2015年3月，任子行陆续收购北京亚鸿的股权；2017年7月，北京亚鸿成为任子行的全资子公 司。自收购后，北京亚鸿一直独立运营并基本沿用了任子行收购前的管理团队及业务骨干。 2018 年 起，北京亚鸿和任子行分别作为联合 ...

Core Viewpoint - The article discusses the ongoing legal actions against Ren Zhi Hang (任子行) due to false statements that have led to investor claims, with the law firm Shanghai Jiucheng Law Firm actively pursuing these cases [1][2][3] Group 1: Legal Proceedings - The Shanghai Jiucheng Law Firm, represented by lawyer Xu Feng, has successfully filed multiple investor claims against Ren Zhi Hang, with some cases already in court [1] - The law firm continues to accept claims from other investors who have suffered losses due to the company's actions [1] - Investors who purchased Ren Zhi Hang stock between April 28, 2021, and August 10, 2024, may still initiate claims [3] Group 2: Financial Misconduct - Ren Zhi Hang has been found to have inflated revenue and profits from 2020 to mid-2022, with inflated revenues of approximately 36.95 million yuan, 48.44 million yuan, and 26.93 million yuan, representing 4.21%, 6.97%, and 10.81% of reported amounts respectively [2] - The inflated profit totals were 19.41 million yuan, 37.32 million yuan, and 16.56 million yuan, accounting for 85.93%, 70.03%, and 30.79% of the reported figures [2] - The company disclosed false information in its annual reports for 2020 and 2021, and a correction was made in April 2023 regarding accounting errors from its subsidiary, Beijing Yahon Century Technology Development Co., Ltd. [2]

Core Viewpoint - The article discusses the legal actions taken against Renzi Hang (任子行) for false statements leading to investor claims, highlighting the ongoing litigation and the potential for investors to seek compensation. Group 1: Legal Proceedings - On January 5, 2026, a lawsuit regarding investor claims against Renzi Hang for false statements was officially filed in court [1] - The law firm, Shanghai Jiucheng, is actively pursuing multiple batches of claims and continues to accept new claims from investors [5] Group 2: Violations and Financial Misrepresentation - Renzi Hang was found to have committed violations related to its acquisition of Beijing Yahon Century Technology Development Co., Ltd., which became a wholly-owned subsidiary [2][6] - From 2020 to mid-2022, Renzi Hang inflated its operating income by amounts of 36,951,333.48 yuan, 48,435,351.70 yuan, and 26,929,607.08 yuan, representing 4.21%, 6.97%, and 10.81% of reported figures respectively [3][7] - The inflated profit totals were 19,406,901.32 yuan, 37,317,431.71 yuan, and 16,560,909.58 yuan, accounting for 85.93%, 70.03%, and 30.79% of the reported figures [3][7] Group 3: Investor Compensation Eligibility - Investors who purchased Renzi Hang stock between April 28, 2021, and August 10, 2024, and sold or held the stock after August 10, 2024, are eligible to file claims [4][8]

Core Viewpoint - The continuous decline in the number of shareholders in 986 companies indicates a trend of increasing concentration of shares, with some companies experiencing a significant drop in shareholder numbers over multiple periods [1][2]. Group 1: Shareholder Trends - 200 companies have reported a continuous decrease in shareholder numbers for more than three periods, with some like ST Renzi and Yihau New Materials seeing declines for up to 15 periods [1]. - ST Renzi has the latest shareholder count of 41,786, reflecting a cumulative decrease of 25.41%, while Yihau New Materials has 14,402 shareholders, down 37.94% over 12 periods [1]. - Other companies with notable declines include *ST Huike, Zhukebo Design, and Kute Intelligent, indicating a broader trend across various sectors [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 54 have seen their stock prices rise, while 145 have experienced declines, with notable gainers including Guojijiangong (up 54.38%), Shibao Detection (up 51.95%), and Quanyin High-Tech (up 31.53%) [2]. - 53 companies, or 26.50%, outperformed the Shanghai Composite Index during this period, with Guojijiangong, Shibao Detection, and Quanyin High-Tech showing significant excess returns of 55.62%, 51.59%, and 32.77%, respectively [2]. Group 3: Industry Distribution - The industries with the highest concentration of companies experiencing declining shareholder numbers include basic chemicals (26 companies), machinery and equipment (22 companies), and pharmaceutical biology (18 companies) [2]. - The main board has 121 companies with declining shareholder numbers, while the ChiNext board has 79 [2]. Group 4: Institutional Activity - In the past month, 23 companies with declining shareholder numbers have been investigated by institutions, with Shengda Resources, Guojijiangong, and Shenzhen Huqiang receiving the most attention, being surveyed 6, 4, and 3 times, respectively [2]. - The companies with the highest number of institutional participants include Shengda Resources (47 institutions), Baowu Magnesium (20 institutions), and Guojijiangong (17 institutions) [2].

Core Viewpoint - The article discusses ongoing legal actions against Renzi Hang (任子行) due to false statements that have led to investor claims, with updates on the status of these claims and the potential for expanded compensation eligibility for affected investors [1][3][5]. Group 1: Legal Proceedings - The law firm Shanghai Jiu Cheng has indicated that the investor claims against Renzi Hang are progressing, with a court report on investor losses received in early December 2025, allowing for expanded eligibility for claims [1][3]. - Multiple batches of cases have been filed in court, and the legal team continues to accept claims from other investors [1][3]. - A new court filing was submitted by the lawyer on December 8, 2025, as part of the ongoing legal efforts [1]. Group 2: Financial Misconduct - Renzi Hang was found to have inflated revenue and profit figures from 2020 to mid-2022, with reported inflated revenues of approximately 36.95 million, 48.44 million, and 26.93 million yuan, representing 4.21%, 6.97%, and 10.81% of reported amounts for those periods [3][5]. - The inflated profit totals were approximately 19.41 million, 37.32 million, and 16.56 million yuan, constituting 85.93%, 70.03%, and 30.79% of the reported profit figures [3][5]. - Renzi Hang's annual reports for 2020, 2021, and the semi-annual report for 2022 contained false records, and the company referenced these inflated figures in a stock issuance document in February 2023 [3][5]. Group 3: Company Background - Renzi Hang acquired a 51% stake in Beijing Yahon Century Technology Development Co., Ltd. in March 2015, subsequently increasing its stake to 100% by July 2017, with the company operating independently under its pre-acquisition management [2][4]. - Since 2018, both Renzi Hang and Beijing Yahon have participated in joint projects, with Beijing Yahon responsible for implementation, including signing contracts lacking commercial substance for funding purposes [2][4].

Group 1 - The core issue involves a legal dispute against ST Renzi Hang Network Technology Co., Ltd. regarding false statements in securities, with ongoing claims from investors [1] - The company was found to have inflated its operating income by amounts of 36,951,333.48 yuan, 48,435,351.70 yuan, and 26,929,607.08 yuan from 2020 to mid-2022, representing 4.21%, 6.97%, and 10.81% of the reported figures respectively [2] - The inflated total profit figures were 19,406,901.32 yuan, 37,317,431.71 yuan, and 16,560,909.58 yuan, accounting for 85.93%, 70.03%, and 30.79% of the absolute values in the respective periods [2] Group 2 - Investors who purchased ST Renzi Hang shares between April 27, 2021, and August 9, 2024, and still hold them as of the latter date are eligible to file claims for compensation [3] - Required documentation for claims includes original securities account information, stock reconciliation statements from April 1, 2021, to the present, and detailed contact information [3]

Core Viewpoint - The article discusses the ongoing legal actions against Renzi Hang (任子行) for financial misconduct, including inflated revenue and profit figures, leading to investor claims for compensation [1][2][3]. Group 1: Legal Proceedings - The law firm Shanghai Jiucheng, represented by lawyer Xu Feng, has received a court report on investor loss calculations related to Renzi Hang, with multiple cases already filed in court [1][2]. - The investor compensation cases have partially commenced in court, and the legal team is actively pursuing further claims and accepting new investor mandates [1][2]. Group 2: Financial Misconduct - Renzi Hang was found to have inflated its operating income by amounts of 36,951,333.48 yuan, 48,435,351.70 yuan, and 26,929,607.08 yuan from 2020 to mid-2022, representing 4.21%, 6.97%, and 10.81% of the reported figures respectively [3]. - The company also inflated its total profit by 19,406,901.32 yuan, 37,317,431.71 yuan, and 16,560,909.58 yuan, which accounted for 85.93%, 70.03%, and 30.79% of the absolute values in the respective periods [3]. - Renzi Hang's annual reports for 2020 and 2021, as well as the semi-annual report for 2022, contained false records, and the company referenced these inflated figures in its fundraising documents in February 2023 [3]. Group 3: Investor Compensation Eligibility - Investors who purchased Renzi Hang stock between April 27, 2021, and August 10, 2024, and sold or continued to hold the stock after August 10, 2024, are eligible to initiate claims for compensation [4].