Xin Lang Cai Jing·2025-12-19 01:49Core Viewpoint - The article discusses the ongoing legal actions against Dinglong Culture (002502) for false disclosures, highlighting the potential for investor compensation due to the company's financial misreporting [1][2][3][4] Group 1: Legal Proceedings - The law firm Shanghai Jiucheng has submitted multiple claims to the Shantou Intermediate People's Court regarding investor compensation related to Dinglong Culture's false statements, with some cases already formally accepted by the court [1][2] - The legal team continues to accept new claims from investors who believe they are entitled to compensation [1][2] Group 2: Regulatory Findings - On September 11, 2024, Dinglong Culture received an administrative penalty from the Guangdong Regulatory Bureau of the CSRC, confirming violations in information disclosure [3] - The company was found to have inflated titanium concentrate production by 23,120.55 tons in 2021, with sales contracts executed without actual production or delivery, violating accounting standards [3] Group 3: Financial Misreporting - Dinglong Culture included inflated inventory and profits in its consolidated financial statements, leading to false disclosures in its 2021 annual report and 2022 semi-annual report [2][3] - In 2021, the company inflated inventory by 9,580,821.56 yuan and total profit by 2,147,160.01 yuan, which constituted 16.30% of the reported profit for that period [2][3] - For the first half of 2022, the inflated operating revenue was 45,778,689.00 yuan and inflated profit was 37,903,539.96 yuan, representing 19.72% and 64.10% of the reported figures, respectively [2][3] Group 4: Investor Compensation Opportunities - Investors who purchased Dinglong Culture stock between April 30, 2022, and April 29, 2023, and sold or held the stock after April 29, 2023, may still have opportunities for compensation [4]