Core Viewpoint - Jidong Equipment (000856.SZ) has received regulatory notices for failing to disclose related party transactions and for board members not recusing themselves from voting on salary proposals, leading to corrective measures from regulators [2][5][6]. Group 1: Regulatory Issues - Jidong Equipment signed a deduction agreement with related party Tangshan Dunshi Machinery Manufacturing Co., Ltd. for a total of 3.6384 million yuan in December 2024, which was not disclosed in a timely report [3]. - In 2024, Jidong Equipment received non-operating income of 5.5276 million yuan from Dunshi Machinery, which was also not disclosed in the annual report [3]. - Key individuals responsible for these violations include Chairman Jiao Liujun, General Manager Li Hongbo, Secretary Liu Fusheng, and CFO Chen Feng [3][6]. Group 2: Financial Performance - Since its reverse merger with Tangshan Ceramics in 2011, Jidong Equipment has not distributed cash dividends for 14 consecutive years, raising concerns among investors [7]. - As of the end of Q3 2025, the company reported an undistributed profit of -177 million yuan [2]. - From 2011 to 2024, Jidong Equipment has recorded a net profit for 12 years, but most of these profits were minimal, with 9 out of 12 years showing net profits below 30 million yuan [6][7]. Group 3: Related Party Transactions - Dunshi Machinery has frequently appeared among the top five balances of other receivables owed to Jidong Equipment, with an outstanding balance of approximately 2.9843 million yuan as of mid-2025 [4]. - The nature of these receivables includes inter-company transactions and other types, accounting for 8.29% of the total balance of other receivables [4].
关联交易事项披露违规 冀东装备被责令改正