Xin Lang Cai Jing·2025-12-17 09:21Core Viewpoint - The recent developments in the case of Haiyue Energy (600387) indicate ongoing legal actions related to false statements made by the company, with investors receiving compensation through mediation efforts led by attorney Xu Feng from Shanghai Jiucheng Law Firm [1][5]. Group 1: Legal Proceedings and Compensation - Xu Feng, representing investors in the Haiyue Energy case, reported that on December 16, 2025, a mediation agreement was reached, resulting in compensation for investors [1][5]. - The legal team is actively pursuing further cases and accepting additional claims from investors [1][5]. Group 2: Regulatory Violations - On April 16, 2025, Haiyue Energy received an administrative penalty from the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund occupation by its controlling shareholder [6]. - During the period from 2021 to 2022, Haiyue Energy transferred funds to its controlling shareholder through prepayments to suppliers, constituting non-operating fund occupation [6]. - Specific amounts involved include: - 2021 (January to June): 177.375 million CNY, 5.37% of net assets - 2021: 377.1799 million CNY, 11.08% of net assets - 2022 (January to June): 413.19 million CNY, 12.5% of net assets - 2022: 688 million CNY, 20.67% of net assets - All occupied funds were returned by April 30, 2023 [6]. Group 3: Financial Reporting Issues - Haiyue Energy incorrectly used the total amount method to recognize revenue, leading to false records in its 2022 semi-annual report [8]. - The correction of accounting errors resulted in a reduction of reported revenue and costs by 3.0208164 billion CNY, which represented 49.33% and 50.51% of the previously reported figures, respectively [8]. - Investors who purchased Haiyue Energy shares between August 31, 2021, and April 29, 2023, or between April 29, 2023, and April 20, 2024, may still initiate claims for compensation [8].