白银有色被预处罚，股民索赔可期

Core Viewpoint - Baiyin Nonferrous Group Co., Ltd. is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for significant omissions in its financial disclosures related to 3 billion yuan in wealth management products purchased between August 2017 and March 2018, which were not recovered on time [2][3]. Summary by Sections Company Actions - Baiyin Nonferrous purchased wealth management products totaling 30 billion yuan from August 2017 to March 2018, which were not recovered by the end of 2019 and only returned by December 2024 [2]. - The company disclosed the initial and final balances of these products in its annual reports from 2019 to 2024 but failed to provide specific details as required by regulatory guidelines [2]. Regulatory Response - The CSRC's Gansu Regulatory Bureau has proposed to issue a warning and impose fines on Baiyin Nonferrous and responsible personnel for the violations in information disclosure [2]. - Prior to this, on September 11, 2025, Baiyin Nonferrous acknowledged receiving a notice of investigation from the CSRC [2]. Investor Implications - Investors who suffered losses due to Baiyin Nonferrous's alleged information disclosure violations can seek civil compensation, which includes investment differences, commissions, stamp duties, and interest losses [3]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from affected investors who purchased Baiyin Nonferrous securities between April 30, 2020, and September 10, 2025 [3][4]. - The conditions for claims may be adjusted based on the final conclusions of the CSRC's administrative penalties and court rulings [3][4].