罚没4700万，南卫股份实控人遭证监会重锤，卖股避损细节曝光

Core Viewpoint - The actual controller of Nanwei Co., Ltd. (603880.SH), Li Ping, sold shares worth 47.96 million yuan to avoid losses exceeding 11 million yuan after learning about a negative internal control report from the accounting firm, leading to severe penalties from the China Securities Regulatory Commission (CSRC) for insider trading [1][2][3]. Group 1: Insider Trading Incident - Li Ping and former financial director Xiang Qinhua received administrative penalties from the Jiangsu Regulatory Bureau of the CSRC for insider trading, with Li Ping facing a total penalty of over 47.1 million yuan and Xiang Qinhua approximately 1.6 million yuan [1][2]. - The insider trading occurred during a sensitive period from March 1 to April 28, 2023, when the company was aware of significant issues regarding fund occupation [2][3]. - Li Ping sold 8.184 million shares between March 14 and 28, 2023, while Xiang Qinhua sold 54,000 shares on March 21 and 22, both actions deemed violations of the Securities Law [2][3]. Group 2: Company Performance and Financials - Nanwei Co., Ltd. has faced increasing losses since 2022, with revenues of 5.45 billion yuan in 2022, 6 billion yuan in 2023, and projected 6.03 billion yuan in 2024, while net profits were -14.65 million yuan, -147 million yuan, and -191 million yuan respectively [4]. - The company attributed the projected losses in 2024 to intense competition in the nitrile glove industry, declining product prices, and rising raw material costs, particularly for nitrile latex [4].