Core Viewpoint - The Shenzhen Stock Exchange has issued a public reprimand against GCL-Poly Energy Holdings Limited and related parties for violations related to non-operating fund occupation and failure to disclose related transactions in a timely manner [1][6]. Group 1: Violations - GCL-Poly Energy Holdings Limited engaged in non-operating fund occupation by making advance payments for fuel procurement, which ultimately flowed to related parties under the same control, specifically Shanghai Guoneng Investment Co., Ltd. and Taicang Port GCL Power Co., Ltd. The funds have since been returned [2]. - The company failed to properly review and disclose related transactions involving the procurement of photovoltaic components from related parties, which constitutes a violation of multiple stock listing rules [3][4]. Group 2: Responsible Parties - The actual controller of GCL-Poly, Zhu Gongshan, is held responsible for abusing his control position, damaging the company's independence, and occupying company funds [3][5]. - The chairman, Zhu Yufeng, and the vice chairman, Fei Zhi, along with other key executives, failed to fulfill their duties and are also held accountable for the violations [5][6]. Group 3: Disciplinary Actions - The Shenzhen Stock Exchange has decided to publicly reprimand GCL-Poly Energy Holdings Limited, Zhu Gongshan, Shanghai Guoneng Investment Co., Ltd., Taicang Port GCL Power Co., Ltd., and several key executives for their respective roles in the violations [6][7]. Group 4: Financial Overview - For the first half of 2025, GCL-Poly's revenue was entirely derived from the electricity and heat production and supply industry, accounting for 100% of its income [8]. - As of the report date, GCL-Poly's market capitalization stands at 16.9 billion yuan [9].
深交所对协鑫能源科技股份有限公司及相关当事人给予通报批评处分