Xin Lang Cai Jing·2025-12-03 11:02Core Viewpoint - The actual controller of Guizhou Bailing, Jiang Wei, has been placed under investigation by the China Securities Regulatory Commission (CSRC) for insider trading, information disclosure violations, and illegal stock transfers [4][17]. Group 1: Investigation Details - Jiang Wei received a notice of investigation from the CSRC, which states that he is suspected of insider trading and violating information disclosure regulations [4][17]. - Guizhou Bailing clarified that the investigation pertains to Jiang Wei personally and will not affect the company's daily operations or business activities [4][17]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by law [4][18]. Group 2: Background on Jiang Wei - Jiang Wei, born in 1961, graduated from Guizhou University of Traditional Chinese Medicine in 1982 and is currently the chairman of Guizhou Bailing [4][18]. - He has been instrumental in the company's development, leading the launch of several well-known traditional medicine products and overseeing its listing on the Shenzhen Stock Exchange in 2010 [4][18]. Group 3: Regulatory History - Guizhou Bailing has faced multiple regulatory actions in recent years, including corrective measures and warnings from the Guizhou Securities Regulatory Bureau due to issues with financial disclosures and internal controls [5][18]. - The company was previously investigated for information disclosure violations in November 2024, with the results of that investigation still pending [6][19]. Group 4: Legal Disputes - Jiang Wei is involved in a legal dispute with Huachuang Securities regarding a rescue plan and stock pledge disputes, with claims amounting to 1.4 billion yuan and 361 million yuan respectively [21][22]. - The disputes arose from allegations that Jiang Wei failed to fulfill obligations related to stock repurchase and repayment, leading to litigation [21][22]. - As of September 2025, Jiang Wei holds 17.55% of Guizhou Bailing's shares, while Huachuang Securities holds 11.54% through asset management plans [22]. Group 5: Financial Performance - For the first three quarters of 2025, Guizhou Bailing reported revenues of 2.102 billion yuan, a year-on-year decrease of 24.28%, and a net profit attributable to shareholders of 57 million yuan, down 35.6% year-on-year [23]. - As of December 3, 2025, the company's stock price was 5.57 yuan per share, with a total market capitalization of 7.785 billion yuan [24].