JINSHENG(SZ:300849) Sou Hu Cai Jing·2025-10-23 11:46Core Viewpoint - A hidden "family transaction" and a financial report with significant omissions are causing severe consequences for a listed company and its investors [1] Group 1: Regulatory Actions - On October 22, 2025, the company received a notice from the Zhejiang Securities Regulatory Bureau regarding administrative penalties for information disclosure violations, resulting in a warning and a fine of 1.5 million yuan, with total penalties for executives reaching 5.5 million yuan [1][4] - The investigation revealed a related party transaction amounting to 120 million yuan, where the chairman designated his nephew to undertake a major engineering project without proper disclosure in the annual report [1][2][3] Group 2: Financial Impact - The related party transaction constituted 18.6% of the company's audited net assets for 2022, which should have been disclosed as a significant matter [3] - The company has faced continuous losses for three consecutive years, with net profits of -22.51 million yuan in 2022, -23.87 million yuan in 2023, and -22.65 million yuan in 2024, totaling nearly 70 million yuan in losses [7] - In the first half of 2025, the company reported a revenue of 151 million yuan, a year-on-year decline of 9.33%, and a net profit loss of 8.80 million yuan, a staggering decline of 1663.9% [7] Group 3: Investor Reactions - Following the administrative penalties, investors began to pursue legal action due to losses incurred from the company's stock price decline of 22.21% over 17 trading days after the investigation announcement [8] - Investors who purchased shares between April 22, 2023, and June 27, 2025, and sold or still hold shares after June 28, 2025, may be eligible for compensation [8]