DOCTORGLASSES CHAIN CO.(SZ:300622) Xin Lang Cai Jing·2026-01-23 12:04Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a penalty exceeding 1 billion yuan on individual Yu Han for manipulating the stock market of "Doctor Glasses," resulting in illicit profits of approximately 510 million yuan [1][6][17]. Summary by Sections Manipulation Details - From June 25, 2019, to August 16, 2024, Yu Han controlled 67 accounts to trade "Doctor Glasses," using methods such as concentrated capital and stock advantages to manipulate the stock price and trading volume [1][11]. - During the manipulation period of 1,252 trading days, the account group participated in trading on 837 days, buying a total of 110,606,468 shares for approximately 2.11 billion yuan and selling 101,705,668 shares for about 2.15 billion yuan [2][12]. Trading Activity - The account group held an average of 13,913,349 shares, representing 13.64% of the circulating shares, with over 10% holdings on 1,026 trading days and over 20% on 150 trading days [2][12]. - Between June 25, 2019, and May 14, 2021, the account group ranked first in buying volume on 132 trading days and in selling volume on 77 trading days, with total buy transactions of 67,105,837 shares worth approximately 1.19 billion yuan [3][13]. - From May 17, 2021, to January 2, 2024, the account group ranked first in buying volume on 141 trading days and in selling volume on 126 trading days, with total buy transactions of 37,556,631 shares worth about 806 million yuan [4][14]. Impact on Stock Price - The manipulation led to a significant increase in the stock price of "Doctor Glasses," which rose from 13.72 yuan per share to 37.81 yuan per share, marking a 175.58% increase, while the Shenzhen Composite Index fell by 9.36% during the same period [7][16]. Regulatory Findings - The CSRC found sufficient evidence to confirm Yu Han's intent to manipulate the stock market, rejecting his claims of lacking subjective intent and asserting that his actions had a substantial impact on the stock price and trading volume [6][16]. - The CSRC decided to confiscate Yu Han's illicit gains of approximately 510 million yuan and impose an equal fine, totaling over 1 billion yuan [8][17].