Risen Energy(SZ:300118) Shen Zhen Shang Bao·2025-11-02 01:23Core Points - 东方日升 received an administrative regulatory measure decision from the Ningbo Securities Regulatory Bureau for failing to timely disclose significant event progress and inadequately executing insider information registrant management [1][2][3] - The company reported a 29.76% year-on-year decline in revenue for the first three quarters of 2025, with a net loss of 933 million yuan, although this represented a reduction in losses compared to the previous year [4][5] Regulatory Issues - The decision letter indicated that 东方日升 did not disclose the progress of a significant event regarding the transfer of 100% equity of 宁夏旭宁, which owed the company 184.85 million yuan, and failed to report the outstanding balance of 105.66 million yuan by the end of 2024 [2] - The company also did not properly register insiders for major events such as earnings forecasts, violating relevant regulations [2] Company Response - 东方日升 acknowledged the regulatory measures and committed to comprehensive rectification, enhancing corporate governance and compliance with information disclosure standards [3] - The company plans to prepare a rectification report in response to the regulatory requirements and aims to prevent similar incidents in the future [3] Financial Performance - For the first three quarters of 2025, 东方日升 reported a revenue of 10.467 billion yuan, with a gross margin of 2.61%, down 6 percentage points year-on-year [4][6] - The net profit margin was -8.90%, an improvement of 1.54 percentage points compared to the previous year [6] - The company’s basic earnings per share were -0.83 yuan, with a weighted average return on net assets of -8.48% [5][6] Shareholder Information - As of the end of the third quarter of 2025, the total number of shareholders was 76,200, a decrease of 2,030 or 2.60% from the previous half [6] - The average market value held per shareholder increased by 12.20% from 139,600 yuan to 156,700 yuan [6]