YKA(SZ:300999) Shen Zhen Shang Bao·2025-11-19 22:00Core Viewpoint - The subsidiary of the company, Guangzhou Yihai, has been convicted of contract fraud and fined 1 million yuan, while the company plans to appeal the decision [2][5]. Group 1: Legal Proceedings - The court ruled that Guangzhou Yihai was an accomplice in contract fraud, resulting in a fine of 1 million yuan and a joint compensation responsibility for economic losses amounting to 1.881 billion yuan with another entity [2][4]. - The individual involved, Liu Degang, received a 19-year prison sentence and a fine of 2.8 million yuan for contract fraud and bribery [2][4]. Group 2: Company Defense - The company asserts that Guangzhou Yihai did not participate in any fraudulent activities and was unaware of any wrongdoing, claiming that all transactions were conducted with proper authorization and at market prices [4][5]. - Legal experts have been consulted, and they unanimously agree that Guangzhou Yihai does not constitute contract fraud, supporting the company's decision to appeal the ruling [5]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 184.27 billion yuan, a year-on-year increase of 5.02%, and a net profit attributable to shareholders of 2.749 billion yuan, reflecting a significant year-on-year growth of 92.06% [5].