Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a warning to Liansheng Chemical and its executives due to violations related to idle fundraising and financial management practices [1][2] Group 1: Regulatory Actions - The Zhejiang Securities Regulatory Bureau decided to issue warning letters to Liansheng Chemical and its executives, including Chairman Mou Jianyu and General Manager Yu Kuai, for mismanagement of idle fundraising [1] - The violations included purchasing financial products before the authorized review period and exceeding the authorized amount [1] - The responsible individuals will have their actions recorded in the securities and futures market integrity archives [1] Group 2: Company Overview - Liansheng Chemical, established in October 2007, is a high-tech enterprise in the specialty fine chemical sector, listed on the Growth Enterprise Market in April 2022 [2] - The company's products are widely used in pharmaceuticals, pesticides, electronic chemicals, cosmetics, and emerging fields like semiconductors and lithium batteries [2] Group 3: Financial Performance - In the first half of 2025, Liansheng Chemical reported total revenue of 343 million yuan, a year-on-year increase of 13.95% [2] - The net profit attributable to shareholders was 18.02 million yuan, up 9.61% year-on-year, while the net profit after deducting non-recurring gains and losses was 16.04 million yuan, an increase of 11.35% [2] - The company experienced a significant improvement in cash flow, with a net cash flow from operating activities of 50.66 million yuan, compared to a negative 109 million yuan in the same period last year [2] Group 4: Profitability Trends - Liansheng Chemical has seen a continuous decline in both sales gross margin and net margin over the recent three semi-annual reports [2] - The sales gross margins for the first half of 2023, 2024, and 2025 were 22.21%, 13.33%, and 12.67% respectively, while the net margins were 14.67%, 5.72%, and 5.42% [2]
拿闲置募集资金买理财，涉多项违规，联盛化学及董事长等人被监管出具警示函