监管亮剑！朗进科技4.15亿资金“不翼而飞”，万名股东何去何从？

Core Viewpoint - The article discusses the penalties imposed on Langjin Technology for financial misconduct, including the unauthorized occupation of 4.15 billion yuan by its controlling shareholder and the issuance of fines totaling over 10 million yuan to the company and its executives [2][7]. Group 1: Financial Misconduct and Penalties - Langjin Technology received an administrative penalty notice from the Shandong Securities Regulatory Bureau, revealing a financial misconduct case involving 4.15 billion yuan over a period of one and a half years [2][7]. - The total fines amount to 10.15 million yuan, with Langjin Technology fined 2.5 million yuan and its actual controller, Li Jingmao, fined 4.4 million yuan for his role in the misconduct [2][7]. - The company and its executives were warned, and the violations do not trigger delisting concerns [2][7]. Group 2: Timeline and Regulatory Actions - The regulatory investigation began on August 27, 2025, when Langjin Technology and Li Jingmao were under scrutiny for information disclosure violations [3][7]. - The company reported a turnaround in net profit while simultaneously experiencing a 10.88% decline in revenue during the same period [3][7]. Group 3: Details of Fund Misappropriation - From February 2024 to July 2025, Langjin Technology and its subsidiaries engaged in unauthorized non-operational fund occupation, totaling 4.15 billion yuan [4][8]. - The fund occupation was not disclosed in the company's half-year report for 2024, leading to significant omissions in financial reporting [4][8]. - The amount of fund occupation increased from 86.487 million yuan between February and June 2024 to 3.29 billion yuan from July 2024 to July 2025 [4][9]. Group 4: Investor Compensation and Impact - As of November 30, 2025, the number of shareholders in Langjin Technology was 10,529, and the penalties provide substantial evidence for affected investors seeking compensation [5][10]. - The company specializes in air conditioning and thermal management products for rail transit vehicles and was listed on the Growth Enterprise Market in 2019 [5][10]. - The ongoing issues related to fund occupation and governance deficiencies are expected to impact investor confidence in the company in the long term [5][10].