Baiyin Nonferrous(SH:601212) Xin Lang Cai Jing·2025-10-27 13:58Core Viewpoint - The Gansu Securities Regulatory Bureau has issued an administrative penalty decision against Baiyin Nonferrous Group Co., Ltd. for significant omissions in information disclosure related to financial products purchased between August 2017 and March 2018, amounting to 3 billion yuan [2][3][4]. Summary by Sections Company Information - Baiyin Nonferrous Group Co., Ltd. is located in Baiyin City, Gansu Province, and has been involved in the purchase of financial products that were not recovered on time, leading to regulatory scrutiny [2]. Violations Identified - From August 2017 to March 2018, Baiyin Nonferrous purchased financial products totaling 3 billion yuan, which were not recovered by the due date in 2019, and only recovered by December 2024. The company failed to disclose specific details about these financial products in its annual reports from 2019 to 2024, constituting a major omission [3][4]. Regulatory Findings - The company violated multiple regulations, including the Securities Law and the Management Measures for Information Disclosure of Listed Companies, due to the lack of proper disclosure regarding the financial products [4][5]. Responsible Individuals - Key executives, including Wang Puguang (Chairman), Wang Bin (General Manager), and Sun Long (Secretary of the Board), were found to be directly responsible for the violations, as they were aware of the situation but failed to ensure proper disclosure in the annual reports [4][5][6]. Penalties Imposed - Baiyin Nonferrous Group was ordered to correct its practices, received a warning, and was fined 4 million yuan. Individual penalties included fines of 1.5 million yuan for Wang Puguang, 1 million yuan for Wang Bin, and lesser amounts for other executives [7].