Core Viewpoint - The article discusses the ongoing legal actions against Kangde Xin (002450) for false statements made in financial reports, highlighting the potential for investor claims and the significant discrepancies in reported financial data from 2015 to 2018 [1][5]. Group 1: False Financial Reporting - From 2015 to 2018, Kangde Xin inflated its reported profits through fictitious sales, purchases, and expenses, resulting in total profit overstatements of CNY 2,242,745,642.37, CNY 2,943,420,778.01, CNY 3,908,205,906.90, and CNY 2,436,193,525.40, which represented 136.22%, 127.85%, 134.19%, and 711.29% of the reported profits for those years respectively [1][5]. - The reported bank balances for Kangde Xin from 2015 to 2018 were also found to be false, with actual year-end balances being zero, while reported balances were CNY 9,571,053,025.20, CNY 14,689,542,575.86, CNY 17,781,374,628.03, and CNY 14,468,363,032.12 [2][6]. Group 2: Disclosure Failures - Kangde Xin failed to timely disclose significant guarantees provided to its controlling shareholder, with guarantees amounting to CNY 1,482,700,000.00, CNY 1,463,050,000.00, and CNY 1,463,050,000.00 for the years 2016 to 2018 [3][7]. - The company did not accurately disclose the use of raised funds in its annual reports, leading to further legal implications for the firm [4][8]. Group 3: Legal Proceedings - The Shanghai Jiucheng Law Firm, represented by lawyer Xu Feng, is actively pursuing claims on behalf of investors affected by Kangde Xin's false statements, with ongoing efforts to file additional cases [1][5]. - Investors who purchased Kangde Xin shares between March 22, 2013, and January 23, 2019, and sold or held them after that date are still eligible to file claims [4][8].
康得新（002450）投资者索赔再提交法院立案