Mei Ri Jing Ji Xin Wen·2025-11-05 16:31Core Points - Haosai (002963.SZ) was fined 7 million yuan for corporate bribery and had illegal gains of approximately 21.52 million yuan confiscated [1][3] - The founder, Dai Baolin, was sentenced to three years in prison, suspended for four years, and fined 3 million yuan [3][5] - The company has expressed apologies and plans to enhance internal controls and improve information disclosure quality [5] Legal Proceedings - The case was adjudicated by the New District People's Court in Wuhan, which concluded the trial recently [3] - The investigation into Dai Baolin began on December 12, 2024, leading to his arrest on June 19, 2025 [5][6] Company Performance - Haosai has faced significant financial challenges since its IPO in 2019, with a sharp decline in revenue and net profit [8] - The company reported a revenue of 265 million yuan for the first three quarters of this year, a nearly 30% decrease year-on-year, and a net loss of approximately 26.31 million yuan [9] - From 2021 to 2024, Haosai recorded four consecutive years of losses in net profit, with figures of -9.51 million yuan, -169 million yuan, -46.2 million yuan, and -109 million yuan respectively [8][9] Leadership Changes - Dai Baolin resigned from his positions as chairman and general manager due to reaching retirement age, with his son, Dai Congqi, taking over as the new chairman [6][8] Stock Performance - Despite the poor financial performance, Haosai's stock price has shown strong growth, increasing over 24% in October and more than 47% year-to-date [10]