公司快评 | 公司及实控人涉嫌信披违规被立案，倍轻松需多举措化解危机

Core Viewpoint - The company Beilingsong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, leading to significant market pressure and a sharp decline in stock price [2][3]. Group 1: Company Background - Beilingsong specializes in the design, research and development, production, sales, and service of smart portable massagers [3]. - Since its listing on the Sci-Tech Innovation Board on July 15, 2021, the company's stock price has dropped from a high of 130.70 yuan to 26.50 yuan as of December 25, 2023, resulting in a market capitalization of 2.278 billion yuan [3]. Group 2: Financial Performance - The company has faced significant financial challenges, reporting consecutive losses in 2022 and 2023, with a brief turnaround in 2024 followed by further losses in the first three quarters of 2025 [3]. - In 2024, the company experienced a 34.07% year-on-year decline in revenue, with a net loss attributable to shareholders of 65.628 million yuan, a staggering 600.98% decrease compared to the previous year [3]. Group 3: Regulatory Issues - The investigation is closely related to issues of information disclosure, with previous inquiries from the Shanghai Stock Exchange focusing on the authenticity of the company's business and the actual controller's financial dealings [2]. - Between September and December 2024, the company transferred 54 million yuan to entities influenced by its actual controller, Ma Xuejun, and there were instances of early payments to suppliers amounting to 35 million yuan, along with 13 million yuan borrowed by Ma from employees [2]. Group 4: Response Strategies - The company must fully cooperate with the CSRC investigation to ensure transparency and efficiency in the process [4]. - It is essential for Beilingsong to initiate a comprehensive internal review mechanism to optimize its information disclosure processes [4]. - Strengthening compliance management and establishing a robust internal control system are critical, including improving related party transaction approval processes and enhancing financial reporting practices [4]. - The company should enhance communication with investors and focus on improving its performance to regain market trust and achieve sustainable development [4].