Zhong Guo Jing Ji Wang·2026-01-16 07:48Core Viewpoint - Shandong Langjin Technology Co., Ltd. has been penalized for failing to disclose non-operating fund occupation by related parties, amounting to a total of 415.21 million yuan, which constitutes a violation of securities regulations [1][5][6]. Summary by Sections Violation Details - From February 2024 to July 2025, Langjin Technology and its subsidiaries engaged in non-operating fund occupation with its controlling shareholder, Qingdao Langjin Group, totaling 415.21 million yuan [1]. - The non-operating fund occupation from February to June 2024 was 86.49 million yuan, with a balance of 2.49 million yuan as of June 30, 2024, representing 0.28% of the net assets disclosed in the 2024 semi-annual report [1]. - The company failed to disclose these transactions in a timely manner, leading to significant omissions in its financial reports [1][5]. Responsible Parties - The actual controller and chairman, Li Jingmao, failed to fulfill his duties and did not disclose the non-operating fund occupation, violating multiple regulations [2][3]. - The former financial director and board secretary, Qiu Ruolong, also participated in the non-disclosure and failed to ensure accurate reporting in the 2024 semi-annual report [3]. - Other executives, including the vice chairman and general manager, Li Jing'en, and board members, did not take necessary actions to control the funds or ensure timely disclosures [4]. Disciplinary Actions - The Shenzhen Stock Exchange publicly reprimanded Langjin Technology and its key executives, including Li Jingmao, Qiu Ruolong, and Li Jing'en, for their roles in the violations [4]. - The company received a total fine of 2.5 million yuan for the violations, with individual fines imposed on the executives ranging from 50,000 to 440,000 yuan [6][7]. Financial Performance - For the first three quarters of 2025, Langjin Technology reported a revenue of 536 million yuan, a decrease of 8.12% year-on-year, and a net loss attributable to shareholders of 13.50 million yuan [7]. - The company's revenue for 2022 to 2024 was 771 million yuan, 902 million yuan, and 881 million yuan, with net losses increasing over the years [7]. Company Background - Langjin Technology was listed on the Shenzhen Stock Exchange on June 21, 2019, with an initial public offering raising approximately 422.75 million yuan [8]. - The stock price peaked at 48.99 yuan shortly after listing but has since experienced a decline, currently trading below its initial offering price [8].