HANDLER(SZ:300201) Shen Zhen Shang Bao·2026-01-05 15:51Core Viewpoint - The legal case involving Helen Zhe (300201) and the original shareholders of Lianshuo Technology has progressed, with the Jiangsu Provincial High Court ruling that the appeal by the original shareholders has been withdrawn, making the first-instance judgment effective immediately [1] Group 1: Legal Developments - On January 4, the Jiangsu Provincial High Court issued a civil ruling stating that the appeal by Jiang Min and Yu Shunping was automatically withdrawn [1] - The first-instance judgment will take effect from the date the ruling is delivered, and this ruling is final [1] - Helen Zhe had previously acquired 100% of Lianshuo Technology for 260 million yuan in September 2015, completing the share transfer in January 2016 [1] Group 2: Financial Performance and Issues - According to a special audit report, Lianshuo Technology's performance completion rates from 2016 to 2019 were 151.54%, 132.32%, 108.35%, and 60.63%, with an overall completion rate of 102.37% during the commitment period [1] - In April 2021, Helen Zhe transferred its 100% stake in Lianshuo Technology for 1 yuan, completing the registration change in June 2021 [1] - The Jiangsu Securities Regulatory Bureau issued a market ban and administrative penalty against Lianshuo Technology for inflating revenue and profits from 2016 to 2019, leading to a restatement of financial reports for 2016 to 2020 [2] Group 3: Compensation and Court Rulings - In 2024, Helen Zhe filed a lawsuit against the original shareholders of Lianshuo Technology, seeking approximately 248 million yuan in performance compensation and return of cash dividends [2] - In September 2025, the court ruled that the defendants must pay Helen Zhe a total of 234 million yuan in performance compensation and return of cash dividends [2][3] Group 4: Company Performance - For the first three quarters of 2025, Helen Zhe reported revenue of 1.29 billion yuan, a year-on-year increase of 28.75%, and a net profit attributable to shareholders of 176 million yuan, up 32.57% year-on-year [4] Group 5: Market Performance - As of January 5, Helen Zhe's stock closed at 6.84 yuan per share, with a total market capitalization of 6.902 billion yuan [5]