banbao(SH:603398) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-01 05:21Core Viewpoint - The actual controller of Jiangxi Mubang High-tech Co., Ltd., Mr. Liao Zhiyuan, has received a notice of investigation from the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund transactions as required by law [1][4]. Group 1: Investigation and Compliance - Mr. Liao Zhiyuan will actively cooperate with the CSRC and fulfill information disclosure obligations as per regulatory requirements [2]. - The company has been under investigation since July 25, 2025, for suspected false disclosures in financial reports [6]. Group 2: Stock Trading Risks - The company's stock price has surged significantly, with a cumulative increase of 21.71% from September 24 to September 29, 2025, raising concerns about potential market risks [4][5]. - The company faces a risk of delisting due to negative net profit for the fiscal year 2024 and insufficient revenue [4][6]. Group 3: Financial Performance - For the first half of 2025, the company reported revenues of 141 million and a net loss of 213 million [5]. - The company has outstanding non-operating fund occupations exceeding 10 million, which has led to additional risk warnings on its stock [6].