YKA(SZ:300999) Xi Niu Cai Jing·2025-11-26 09:36Core Viewpoint - The company Jinlongyu (Yihai Kerry) has received a first-instance criminal judgment regarding its subsidiary Guangzhou Yihai's involvement in a contract fraud case, leading to a fine and shared compensation responsibility for significant economic losses [2][3]. Group 1: Legal Proceedings - Guangzhou Yihai was found to be an accomplice in a contract fraud case involving Anhui Huawen International Trade Co., Ltd. and Yunnan Huijia Import and Export Co., Ltd., resulting in a fine of 1 million yuan and a joint compensation responsibility for 1.881 billion yuan in economic losses [3]. - The case originated from palm oil import business activities between 2008 and 2014, where Guangzhou Yihai was accused of assisting in the forgery of documents and inventory checks [3]. - The company has expressed its disagreement with the judgment and has filed an appeal, asserting that it did not participate in any fraudulent activities [3][4]. Group 2: Company Position - Jinlongyu emphasized that all transactions were conducted with proper authorization from Anhui Huawen and that the losses were due to internal collusion between Anhui Huawen's employees and Yunnan Huijia [3]. - The chairman of Guangzhou Yihai stated that the company will defend its legal rights through the appeal process and highlighted that storage companies should not bear the consequences of financing trade failures [4].