HES(SZ:002963) Zhong Guo Jing Ji Wang·2025-11-06 06:28Core Viewpoint - Haosai Technology Group Co., Ltd. has been convicted of unit bribery, resulting in a fine of 7 million RMB and a prison sentence for its former chairman, Dai Baolin, who received a three-year prison term with a four-year suspension [1][2][3]. Legal Proceedings - The company received a prosecution notice from the People's Procuratorate of Xinzhou District, Wuhan, on August 7, 2025, leading to a court trial that has recently concluded [1]. - The court's judgment includes a fine of 7 million RMB for the company and a 300,000 RMB fine for Dai Baolin, who is also subject to a suspended prison sentence [2]. Financial Impact - The total amount of fines and confiscated illegal gains is 28.52 million RMB, which represents 15.90% of the company's most recent audited net profit attributable to shareholders [3]. - The fine of 7 million RMB alone accounts for 3.90% of the company's latest audited net profit [3]. Company Performance - As of the latest report, the company has reported a net profit of -26.31 million RMB for the first three quarters of 2025, a decline of 523.96% year-on-year [4]. - The company's operating income for the current reporting period is approximately 106.94 million RMB, reflecting a 31.34% increase compared to the same period last year [5]. Stock Market Performance - Haosai was listed on the Shenzhen Stock Exchange on October 28, 2019, with an initial public offering price of 23.66 RMB per share, reaching a peak of 45.35 RMB shortly after listing, but has since experienced a decline and is currently in a state of loss [3][4].