Xin Lang Cai Jing·2025-11-11 07:55Core Points - The article discusses the legal developments regarding investor claims against Yuan Cheng Co., Ltd. (元成股份) due to false statements made by the company [1] - It highlights the administrative penalty notice issued by the Zhejiang Regulatory Bureau of the CSRC, which clarifies the illegal activities of Yuan Cheng Co., Ltd. [1] Summary by Sections Yuan Cheng Co., Ltd. (元成股份) - Yuan Cheng Co., Ltd. has been found to have false records in its annual reports from 2020 to 2022, inflating revenue and profit figures by overstating project costs and values [1] - The company also fabricated significant false information in its 2022 non-public stock issuance documents [1] - Investors who purchased Yuan Cheng shares between April 15, 2021, and January 31, 2024, and sold or held the shares after January 31, 2024, are eligible to file claims [1] Poly United (保利联合) - Poly United received an administrative penalty notice from the Guizhou Regulatory Bureau of the CSRC, revealing that the company underreported bad debt provisions, leading to inflated net profits for the years 2019, 2020, and 2021 [2] - The specific amounts of underreported bad debt provisions were 43.12 million yuan in 2019, 77.75 million yuan in 2020, and 235.77 million yuan in 2021, with the latter causing a change in profit and loss status [2] - Investors who bought Poly United shares between April 28, 2020, and April 28, 2023, and sold or held the shares after April 28, 2023, can still initiate claims as the statute of limitations is running out [2]