立案调查突袭！山东章鼓企业股价“闪崩”，律师：受损股民可索赔

Group 1: Financial Reporting Violations - The company, Shandong Zhanggu, announced on December 31, 2025, that it received a notice from the Securities Regulatory Commission regarding suspected violations in financial information disclosure [1][8] - The company claims it will cooperate with the investigation, asserting that it will not affect operations, but the market reacted negatively with a stock price drop following the announcement [2][8] - Investors who purchased shares before December 31, 2025, and sold or held them at a loss after January 1, 2026, are eligible to participate in legal actions for compensation [2][8] Group 2: Regulatory Measures - On December 18, 2025, the Shandong Securities Regulatory Bureau and the Shenzhen Stock Exchange issued warnings, identifying three main issues: improper disclosure of related party transactions, failure to follow approval procedures for certain transactions, and misuse of raised funds [3][9] - The company was found to have used raised funds for non-principal guaranteed financial products and failed to fully redeem certain cash management products within the authorized period [3][9] - Governance issues were also noted, including related shareholders acting as monitors during votes on related matters, which did not adequately avoid conflicts of interest [3][9] Group 3: Company Performance and Outlook - Since its listing, Shandong Zhanggu has not achieved stable growth, with a trend of declining performance; the company has invested approximately 300 million in various sectors but has seen limited success [4][11] - The company's net profit attributable to shareholders for the third quarter was 62 million, a year-on-year decrease of 39.12% [4][11] - As of December 31, 2025, the company's market value had shrunk to 3.336 billion, reflecting its declining performance and regulatory issues [5][11] - The future remains uncertain due to the ongoing investigation and potential administrative penalties [6][11]