Hifuture Technology(SZ:002168) Xin Lang Zheng Quan·2025-06-20 09:22Core Viewpoint - Huicheng Technology (currently *ST Huicheng) has disclosed new securities false statement liability disputes, with two shareholders claiming compensation exceeding 2 million yuan each, totaling 1,258.43 million yuan in new claims [1][3]. Group 1: Legal Disputes - On March 28, 2025, a shareholder named Chen Zhen filed a lawsuit against Huicheng Technology for 2.214 million yuan [2]. - On April 14, 2025, another shareholder, Li Gui, sued Huicheng Technology and its intermediary accounting firm for 2.2955 million yuan, bringing the total claims from these two cases to 4.5095 million yuan [2]. - In addition to these claims, Huicheng Technology has 189 other securities false statement liability disputes currently accepted by the court, with a total amount of 8.0748 million yuan involved [2][3]. Group 2: Background of Legal Issues - The lawsuits stem from previous violations of information disclosure regulations, leading to an investigation by the China Securities Regulatory Commission (CSRC) in November 2022 [3]. - The penalties disclosed in September 2024 revealed that Huicheng Technology had engaged in false reporting in its financial statements, including underreporting sales expenses by 2.22 billion yuan and inflating profits by 2.3 billion yuan in 2019 [3]. - The inflated profits for 2019 and 2020 represented 140.19% and 7.88% of the total disclosed profits for those years, respectively, with total assets inflated by 2.5 billion yuan and 3.3 billion yuan, accounting for 6.53% and 16.40% of total assets [3].