遭证监会立案，白银有色一字跌停！曾涉多起数亿元刑事案件

Core Viewpoint - Baiyin Nonferrous (601212.SH) faced a significant stock price drop due to the announcement of an investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, leading to a trading halt at 3.82 CNY per share [1] Group 1: Company Investigation and Violations - The CSRC issued a "Notice of Investigation" to Baiyin Nonferrous, indicating that the company is under investigation for suspected violations of information disclosure regulations [1] - Baiyin Nonferrous has a history of internal fraud and violations, with recent audit opinions highlighting concerns in internal controls for the 2023 and 2024 annual reports [1] - The company is currently cooperating with the investigation and has committed to fulfilling its disclosure obligations [1] Group 2: Financial Impact and Losses - Baiyin Nonferrous reported a slight revenue decline of 0.21% year-on-year for 2024, totaling 86.787 billion CNY, while net profit dropped by 25.18% to 81 million CNY [3] - The company has made provisions for losses related to the copper and zinc cases, amounting to 85.8792 million CNY and 23.2364 million CNY, respectively [3] - In the first half of 2025, the company reported a net loss of 217 million CNY, a staggering decline of 1859.82% year-on-year, primarily due to a legal dispute involving a subsidiary [3] Group 3: Recent Incidents and Internal Issues - In November 2023, a significant discrepancy was found during a warehouse inventory check, leading to the discovery of 990 tons of zinc ingots being stolen by employees in collusion with a logistics company [2] - The company failed to disclose these incidents in a timely manner in its 2023 annual report, citing confidentiality due to ongoing criminal investigations [2] - Baiyin Nonferrous has strengthened its internal controls in response to these incidents and is awaiting the outcome of police investigations to recover lost funds [3] Group 4: Management Changes - In July 2023, Baiyin Nonferrous experienced a major management change with the resignation of its vice chairman, Qiao Liang, and the appointment of Wang Meng as the new vice chairman [3] - Wang Meng has a background in risk management and compliance, having held various senior positions within China CITIC Group [3]