Core Viewpoint - Zhejiang Jinsheng New Materials Co., Ltd. faces regulatory penalties for failing to disclose related party transactions involving the chairman's nephew, coinciding with a recent share reduction plan by the second-largest shareholder [1][3][5] Group 1: Regulatory Issues - The company received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau for not disclosing a related party transaction involving its chairman's nephew, who was awarded a construction contract worth 1.18 billion yuan [3][5] - The contract was later amended to a total of 1.50 billion yuan, with significant transaction amounts occurring in 2022, which constituted 18.6% of the company's audited net assets for that year [4][5] - The regulatory body plans to impose a fine of 1.5 million yuan on the company and additional fines on four responsible individuals, totaling 5.5 million yuan [5][6] Group 2: Financial Performance - Since its IPO in July 2020, the company has experienced a decline in revenue and profits, with a 24.3% drop in revenue to 260 million yuan in 2020 and a 47.46% decrease in net profit [7][8] - The company has reported consecutive losses over the past three years, with net profits of -22.51 million yuan in 2022 and -22.64 million yuan in 2024 [8] - In the first half of 2025, the company continued to report losses, with a revenue of 151 million yuan, down 9.33% year-on-year [8] Group 3: Shareholder Actions - The second-largest shareholder, Ningbo Liyi Venture Capital Center, announced a plan to reduce its holdings by up to 300,000 shares, representing 2% of the total share capital [9][10] - This shareholder had previously faced penalties for violating reduction commitments, having sold shares below the promised minimum price [11]

Core Viewpoint - Jinsong New Materials (300849.SZ) faces administrative penalties due to undisclosed related party transactions involving its chairman's nephew, resulting in a total fine of 5.5 million yuan [2][5]. Financial Performance - Jinsong New Materials has reported continuous losses over the past three and a half years, with a cumulative loss of 77.83 million yuan [8]. - Revenue figures for 2022 to 2024 are 243 million yuan, 260 million yuan, and 333 million yuan, showing year-on-year changes of -17.19%, 7.04%, and 28.15% respectively [7]. - Net profits for the same period are -22.51 million yuan, -23.87 million yuan, and -22.65 million yuan, with year-on-year changes of -312.62%, -6.07%, and 5.14% respectively [7]. Related Party Transactions - The related party transaction in question involved a construction project worth 120 million yuan in 2022, which constituted 18.6% of the company's audited net assets for that year [4]. - The chairman's nephew, Ruan Zhongyan, was found to have effectively controlled the project, leading to the violation of disclosure regulations [4][5]. Project Status - The "Annual Production of 60 Million Sets of Cosmetic Packaging Containers" project has not yet been put into use, despite being completed in April 2024 [6][10]. - The project is still in the process of obtaining property certificates, indicating delays in operational readiness [10]. Management and Governance - The company has acknowledged its failures in governance and information disclosure, committing to improve internal controls and compliance with regulations [5]. - Key executives, including the chairman and general manager, have been penalized for their roles in the undisclosed transactions [5].

Core Viewpoint - A hidden "family transaction" and a financial report with significant omissions are causing severe consequences for a listed company and its investors [1] Group 1: Regulatory Actions - On October 22, 2025, the company received a notice from the Zhejiang Securities Regulatory Bureau regarding administrative penalties for information disclosure violations, resulting in a warning and a fine of 1.5 million yuan, with total penalties for executives reaching 5.5 million yuan [1][4] - The investigation revealed a related party transaction amounting to 120 million yuan, where the chairman designated his nephew to undertake a major engineering project without proper disclosure in the annual report [1][2][3] Group 2: Financial Impact - The related party transaction constituted 18.6% of the company's audited net assets for 2022, which should have been disclosed as a significant matter [3] - The company has faced continuous losses for three consecutive years, with net profits of -22.51 million yuan in 2022, -23.87 million yuan in 2023, and -22.65 million yuan in 2024, totaling nearly 70 million yuan in losses [7] - In the first half of 2025, the company reported a revenue of 151 million yuan, a year-on-year decline of 9.33%, and a net profit loss of 8.80 million yuan, a staggering decline of 1663.9% [7] Group 3: Investor Reactions - Following the administrative penalties, investors began to pursue legal action due to losses incurred from the company's stock price decline of 22.21% over 17 trading days after the investigation announcement [8] - Investors who purchased shares between April 22, 2023, and June 27, 2025, and sold or still hold shares after June 28, 2025, may be eligible for compensation [8]

Core Viewpoint - Jinsheng New Materials (300849.SZ) has received an administrative penalty notice from the Zhejiang Securities Regulatory Bureau for suspected violations of information disclosure laws [1] Group 1: Administrative Penalty Details - The Zhejiang Securities Regulatory Bureau has completed its investigation and intends to impose penalties on Jinsheng New Materials and several individuals for violations related to information disclosure [1][2] - The violations include failing to disclose a related party transaction involving a construction project worth 120 million yuan, which constituted 18.6% of the company's audited net assets for 2022 [2][3] Group 2: Individuals Involved - The individuals involved include the company's chairman, the general manager, the chairman of the supervisory board, and a vice general manager, all of whom are accused of failing to ensure the accuracy and completeness of the 2022 annual report [3][4] - Specific penalties proposed include a warning and fines totaling 5.5 million yuan, with Jinsheng New Materials facing a fine of 1.5 million yuan and the individuals facing fines ranging from 50,000 to 1.5 million yuan [4] Group 3: Financial Performance - Jinsheng New Materials reported revenues of 243 million yuan, 260 million yuan, and 333 million yuan for the years 2022 to 2024, with net losses of approximately 22.5 million yuan, 23.9 million yuan, and 22.6 million yuan respectively [7] - In the first half of 2025, the company achieved revenue of 151 million yuan, a year-on-year decline of 9.33%, with a net loss of approximately 8.8 million yuan [7]

Core Viewpoint - The article discusses a significant case of related party transactions involving Jinsheng New Materials (300849), where the chairman designated a supplier to his nephew for a construction project, leading to regulatory scrutiny and penalties for the company and its executives [1][2][4]. Group 1: Related Party Transactions - Jinsheng New Materials signed a construction contract with Zhejiang Hongxiang Construction Engineering Co., Ltd. for a project valued at 1.18 billion yuan, which later escalated to approximately 1.5 billion yuan due to increased costs [1][3]. - The actual contractor for the project was the chairman's nephew, who was given control over project management, procurement, and financial dealings, raising concerns about the legitimacy of the transaction [2][3]. - The related party transaction was not properly disclosed until two months before the company received a notice from the regulatory authority, indicating a lack of adherence to required procedures [2][3]. Group 2: Financial Impact - Jinsheng New Materials reported annual revenues below 400 million yuan and net profits not exceeding 40 million yuan since its listing, highlighting the financial strain of the related party transaction [4]. - The total amount of related party transactions in 2022 reached 1.2 billion yuan, accounting for 18.6% of the company's audited net assets, which was not disclosed in the annual report [4]. - The penalties imposed on Jinsheng New Materials included a warning and a fine of 1.5 million yuan, with several executives also facing administrative penalties for their roles in the related party transactions [4].

Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. is facing regulatory penalties for information disclosure violations, with a total fine of 4.5 million yuan proposed by the China Securities Regulatory Commission [1][2]. Summary by Sections Regulatory Actions - The company and four related individuals received a warning and a total fine of 4.5 million yuan from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission [1]. - The penalties include 1.5 million yuan for the company, 1.5 million yuan for the chairman, and varying fines for other executives [2]. Related Transactions - In December 2021, Jinsong New Materials signed a construction contract with Zhejiang Hongxiang for a project to produce 60 million cosmetic packaging containers, which was later internally contracted to Ruan Zhongyan, the actual controller's nephew [1][2]. - The related party transaction amounted to 120 million yuan in 2022, representing 18.6% of the company's audited net assets for that year [2]. Company Response - The company stated that its operations remain normal and that the incident will not significantly impact its business [2]. - Jinsong New Materials expressed sincere apologies to investors and committed to improving internal governance and information disclosure practices [2].

Core Viewpoint - Jinsong New Materials (300849) has received an administrative penalty notice for information disclosure violations, resulting in fines for the company and its executives [2][3]. Group 1: Administrative Penalties - The company was fined 1.5 million yuan, and the chairman, Ruan Rongtao, was also fined 1.5 million yuan for the violations [2]. - The former general manager, Ruan Qijiang, and the chairman of the supervisory board, Xia Shuliang, received warnings and fines of 1 million yuan each, while the former vice president and director, Ruan Cenghong, received a warning and a 500,000 yuan fine [2]. Group 2: Violations Details - The main violation involved failing to disclose related party transactions in the 2022 annual report, specifically a construction contract with Zhejiang Hongxiang for a project valued at 120 million yuan, which accounted for 18.6% of the company's audited net assets for that year [3]. - The contract was improperly awarded to Ruan Zhongyan, the nephew of Ruan Rongtao, without proper disclosure, constituting a related party transaction [3]. Group 3: Company Response and Governance - The company held a board meeting on April 29, 2023, to retroactively approve the related party transaction, which was later confirmed by a shareholder meeting with a 99.97% approval rate [4]. - The company has committed to improving internal governance, enhancing operational standards, and ensuring compliance with information disclosure regulations to protect shareholder interests [4]. Group 4: Company Background - Jinsong New Materials has over 20 years of experience in the production and sale of cosmetic packaging materials, offering a wide range of products, including over 1,000 specifications for well-known brands [5]. - The company was listed on the Growth Enterprise Market in July 2020, raising funds for projects aimed at increasing production capacity [5].

Core Viewpoint - The company, Jinsheng New Materials, has received a warning and a fine from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission for suspected violations of information disclosure laws [1] Group 1: Regulatory Actions - The company was warned and fined 1.5 million yuan for failing to disclose a related party transaction in its 2022 annual report [1] - The former chairman, Ruan Rongtao, received a warning and a fine of 150,000 yuan [1] - The former general manager, Ruan Qijiang, and the chairman of the supervisory board, Xia Shuliang, each received a warning and a fine of 100,000 yuan [1] - The former deputy general manager, Ruan Cenghong, received a warning and a fine of 50,000 yuan [1] Group 2: Related Party Transactions - In December 2021, the company signed a construction contract with Zhejiang Hongxiang Construction Engineering Co., Ltd., which was actually contracted to Ruan Rongtao's nephew, Ruan Zhongyan [1] - The related party transaction amounted to 120 million yuan in 2022, accounting for 18.6% of the company's audited net assets for that year [1]

证券代码：300849 证券简称：锦盛新材 公告编号：2025-039 浙江锦盛新材料股份有限公司 关于公司及相关当事人收到《行政处罚事先告知书》的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江锦盛新材料股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日收 到中国证券监督管理委员会（以下简称"中国证监会"）下发的《立案告知书》 （编号：证监立案字 01120250021 号），因公司涉嫌信息披露违法违规，根据《中 华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会 决定对公司立案。具体内容详见公司于 2025 年 6 月 27 日在巨潮资讯网 （www.cninfo.com.cn）披露的《关于收到中国证券监督管理委员会立案告知书的 公告》（公告编号：2025-022）。 近日，公司及相关当事人收到中国证券监督管理委员会浙江监管局的《行政 处罚事先告知书》（浙处罚字[2025]15 号），现将相关情况公告如下： 一、《行政处罚事先告知书》主要内容 "浙江锦盛新材料股份有限公司、阮荣涛先生、阮棋江先生、夏书良先生、阮 ...

Core Viewpoint - Zhejiang Jinsheng New Materials Co., Ltd. is facing administrative penalties from the China Securities Regulatory Commission for violations related to information disclosure [1] Summary by Categories Company Penalties - The company is to receive a warning and a fine of 1.5 million yuan [1] - The penalties also extend to individuals involved, with specific fines for each [1] Individual Penalties - Individual阮荣涛 will receive a warning and a fine of 1.5 million yuan [1] - Individuals阮棋江 and夏书良 will each receive a warning and fines of 1 million yuan [1] - Individual阮岑泓 will receive a warning and a fine of 500,000 yuan [1]