锦盛新材被处罚，股民索赔可期

Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. (stock code: 300849) has been penalized by the China Securities Regulatory Commission (CSRC) for failing to disclose related party transactions in its 2022 annual report, which involved a significant amount of 120 million yuan, accounting for 18.6% of the company's audited net assets for that year [2]. Group 1: Administrative Penalty - The CSRC found that Jinsong New Materials engaged in undisclosed related party transactions involving a construction project contracted to a company controlled by the actual controller's nephew, which constituted a violation of disclosure regulations [2]. - The company and its relevant personnel received warnings and were fined as a result of the violations [2]. Group 2: Legal Implications for Investors - Investors who suffered losses due to the company's failure to disclose information can seek civil compensation, which includes investment differences, commissions, stamp duties, and interest losses [3]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from affected investors who purchased Jinsong New Materials' securities between April 23, 2023, and April 28, 2025, and either sold or continued to hold them after April 29, 2025 [3][4]. Group 3: Related Transactions - The related party transaction in question involved a construction contract for a project with an annual production capacity of 60 million cosmetic packaging containers, which was not properly disclosed in the company's financial reports [2]. - The internal contracting arrangement allowed the actual controller's nephew to manage the project independently, raising concerns about governance and transparency within the company [2].