Core Viewpoint - WanKai New Materials (301216.SZ) received a warning letter from the Zhejiang Securities Regulatory Bureau due to incomplete disclosure of its futures hedging business and other regulatory violations [1][2][3] Group 1: Regulatory Violations - The company conducted futures hedging but only disclosed one-sided investment gains and fair value changes in its periodic reports, failing to fully disclose the corresponding spot order gains and losses, which significantly impacted its performance [1][3] - The company had some fundraising accounts that were not approved, and the amount of short-term idle fundraising investments exceeded the approved limit [1][3] - The actions of the company violated multiple regulations, including the Information Disclosure Management Measures and the Management and Use of Fundraising Regulations [2][3] Group 2: Management Accountability - The chairman, CFO, and general manager of the company were held primarily responsible for the violations and received warning letters as supervisory measures [2][3] - The Shenzhen Stock Exchange reminded the company and its executives to ensure timely and accurate information disclosure, emphasizing their individual and joint responsibility for the accuracy of the disclosures [4] Group 3: Company Background and Financials - WanKai New Materials was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 29, 2022, with an initial public offering of 85.85 million shares at a price of 35.68 yuan per share, raising a total of 3.063 billion yuan [4][5] - The net amount raised was 2.915 billion yuan, with an oversubscription of 1.411 billion yuan [4] - The company announced a dividend plan on May 31, 2023, distributing 3 yuan per 10 shares and a bonus issue of 5 shares [6]
破发股万凯新材收警示函 2022年上市2募资共57.6亿