SZZT(SZ:002197) Xin Lang Cai Jing·2025-12-10 09:22Core Viewpoint - The company is facing significant legal challenges due to violations in information disclosure, leading to a high probability of compensation for affected investors [1][5]. Group 1: Legal Proceedings - A total of 754 investor compensation claims have been filed against the company, involving approximately 69.25 million yuan [5]. - The claims stem from an administrative penalty received on November 28, 2024, due to violations in information disclosure [5]. - The main violations include false records in the annual reports for 2017 and 2019, resulting in fines exceeding 10 million yuan for the company and severe penalties for responsible individuals [3][5]. Group 2: Investor Eligibility for Compensation - Two categories of investors are eligible to join the compensation efforts: 1. Investors who purchased shares between April 15, 2021, and April 29, 2024, and sold or still hold them after April 30, 2024, at a loss [2]. 2. Investors who bought shares between April 24, 2018, and May 30, 2024, and sold or still hold them after May 31, 2024, at a loss [2]. Group 3: Financial Misconduct Details - The company’s financial misconduct dates back to a 2015 acquisition of a 70% stake in another company, which was included in the consolidated financial statements [3][6]. - Between October 17 and December 4, 2017, the subsidiary signed six procurement contracts totaling 21.774 million yuan for storage devices, and sales contracts with another company amounting to 26.4814 million yuan [3][6]. - The goods involved in these contracts were never delivered, leading to the false records in the 2017 and 2019 annual reports [6]. Group 4: Company’s Future Steps - The company has announced its application to revoke other risk warnings, indicating a potential new phase for the company [6]. - Affected investors are encouraged to actively participate in the compensation process to recover their losses [6].