WFDSJ(SH:601010) Zheng Quan Shi Bao Wang·2026-01-05 15:19Core Viewpoint - The recent court ruling has brought former private equity figure Xu Xiang back into the public eye, with the court ordering Xu and his associate to compensate investors for losses related to market manipulation [2][3]. Group 1: Court Ruling and Compensation - Wanfeng Co., Ltd. received a civil judgment from the Nanjing Intermediate People's Court, requiring Xu Xiang and Xu Changjiang to pay a total of 3.2936 million yuan to 23 plaintiffs [2]. - Wanfeng Co., Ltd. is held jointly liable for the compensation obligations of Xu Xiang and Xu Changjiang, with a total litigation fee of 41,200 yuan to be shared among the defendants [2][3]. - The plaintiffs, originally 24 investors, sought a total compensation of 3.3278 million yuan, but one claim was dismissed due to exceeding the statute of limitations [3]. Group 2: Previous Cases and Legal Context - This ruling follows a previous case where four investors were awarded 1.1026 million yuan in damages, with Wanfeng Co., Ltd. also held jointly liable [4]. - The court found that Xu Xiang and Xu Changjiang had conspired to manipulate the stock market, with Wanfeng Co., Ltd. facilitating the release of significant information that affected stock prices [3][4]. - Xu Xiang and Xu Changjiang were previously convicted of market manipulation, and Wanfeng Co., Ltd. faced administrative penalties for information disclosure violations [6]. Group 3: Financial Implications and Investor Losses - Xu Xiang reportedly profited 454 million yuan from trading Wanfeng Co., Ltd. shares, while Xu Changjiang's total cash-out from stock sales reached 6.762 billion yuan [5][6]. - As of now, a total of 1,015 investors have filed lawsuits against Xu Xiang, Xu Changjiang, and Wanfeng Co., Ltd., with estimated total investor losses amounting to approximately 86.7439 million yuan [6].