JINSHENG(SZ:300849) Sou Hu Cai Jing·2025-11-17 10:27Core Viewpoint - Jinsong New Materials (SZ300849) has received an administrative penalty for failing to disclose related party transactions in its 2022 annual report, involving a significant contract with a related party [2][3] Group 1: Company Background - Jinsong New Materials was established in 1998, with a registered capital of 150 million yuan, specializing in the production of acrylic containers, including product design, mold manufacturing, injection molding, hot stamping, painting, and assembly [3] Group 2: Related Party Transactions - In December 2021, Jinsong New Materials signed a construction contract with Zhejiang Hongxiang Construction Engineering Co., Ltd. for a project to produce 60 million sets of cosmetic packaging containers, which was later subcontracted to a related party, Ruan Zhongyan [2] - The related party transaction amounted to 120 million yuan in 2022, representing 18.6% of the company's audited net assets for that year [2] Group 3: Regulatory Actions - The Zhejiang Regulatory Bureau imposed a warning and a fine of 1.5 million yuan on Jinsong New Materials for the disclosure violation, along with fines on key executives, including 1.5 million yuan for the chairman and 100,000 yuan for the general manager [3] Group 4: Financial Performance - For the first three quarters of 2025, Jinsong New Materials reported revenue of 238 million yuan, a year-on-year decrease of 8.41%, and a net profit attributable to shareholders of -9.47 million yuan, a decline of 1183.73% year-on-year [3]