Core Viewpoint - The article discusses a financial fraud case involving Meichen Technology, which lasted for five years from 2014 to 2018, resulting in inflated revenues and profits that misled investors [1][3]. Financial Fraud Details - Meichen Technology's financial fraud spanned from 2014 to 2018, with a total of 1.438 billion yuan in inflated revenue and 658 million yuan in inflated profits, leading to false annual reports during these years [1][3]. - The fraud was closely linked to a high-premium acquisition made in 2014, which involved its wholly-owned subsidiary, Saishi Landscaping [1][3]. Mechanism of Fraud - Saishi Landscaping engaged in fraudulent activities such as false procurement of labor and seedlings, which inflated construction costs and completion percentages, thereby artificially increasing revenue and profits [3][5]. - The fraudulent actions not only violated securities laws but also severely misled investors regarding the company's true value [5]. Legal Recourse for Investors - Investors who unknowingly purchased Meichen Technology's stock and suffered losses have legal avenues to recover their losses, with specific conditions for claims set between March 12, 2015, and March 31, 2025 [2][4][5]. - It is emphasized that without initiating a lawsuit, the company will not proactively compensate affected investors, highlighting the importance of legal action for recovery [5].
美晨科技已有案件递交立案,索赔持续征集中