Shang Hai Zheng Quan Bao·2025-11-05 14:45Core Viewpoint - The case of insider trading involving Nanwei Co., Ltd. has resulted in significant penalties for its controlling shareholder and former CFO, totaling 36.83 million yuan, highlighting the consequences of using insider information to avoid potential losses [1][4][9]. Group 1: Insider Trading Case - The Jiangsu Securities Regulatory Commission issued administrative penalties against Li Ping and Xiang Qinhua for insider trading, with Li Ping being fined 35.33 million yuan and Xiang Qinhua 1.5 million yuan [1][4]. - Li Ping and Xiang Qinhua utilized insider information to sell shares of Nanwei Co., Ltd. to avoid losses, with Li Ping selling 8.184 million shares for 47.97 million yuan, avoiding losses of 11.77 million yuan, and Xiang Qinhua selling 54,000 shares for 340,500 yuan, avoiding losses of 101,700 yuan [9]. Group 2: Company Background and Financial Performance - Nanwei Co., Ltd. specializes in the research, production, and sales of transdermal products, medical adhesive tapes, bandages, first aid kits, and sports protection products, and has been publicly listed since 2017 [10]. - The company has faced significant challenges, including continuous losses for four consecutive years, with net profits of -22.76 million yuan, -14.65 million yuan, -147 million yuan, and -191 million yuan from 2021 to 2024 [10]. - In the first three quarters of 2025, the company reported revenue of 447 million yuan, a year-on-year decrease of 1.7%, and a net profit loss of 24.93 million yuan, a decrease of 87.25% year-on-year, attributed to intense market competition and rising costs [11].