出手！这一A股被立案

Core Viewpoint - Jihua Group has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company continues to operate normally during the investigation period [3]. Group 1: Regulatory Issues - On August 8, 2025, Jihua Group received a notice of investigation from the CSRC due to suspected information disclosure violations [3]. - The company had previously been criticized by the Shanghai Stock Exchange in November 2024 for failing to disclose relevant borrowing matters in a timely manner [5]. - The company did not resolve borrowing issues before the equity transfer and failed to disclose related transactions involving its controlling shareholder [7]. Group 2: Financial Performance - Jihua Group's revenue has been declining, dropping from 15.436 billion yuan in 2022 to 9.886 billion yuan in 2024 [9]. - The company reported a significant net loss of 4.228 billion yuan in 2024, a year-on-year decrease of 2418.90% [9]. - The losses were attributed to impairment provisions for ineffective assets, inventory losses due to market changes, and devaluation of collateral assets [9]. Group 3: Stock Performance - Despite the financial struggles, Jihua Group's stock price has surged, reaching a limit-up price of 5.28 yuan per share on August 8, with a total market capitalization of 23.19 billion yuan [10]. - The stock price increased by 106.64% from a low of 2.39 yuan per share in April 2025 [10]. - The company has not engaged in brain-computer interface-related fields, which was mentioned in response to the stock price surge [10].