DOCTORGLASSES CHAIN CO.(SZ:300622) Xin Lang Cai Jing·2026-01-23 13:09Core Viewpoint - The China Securities Regulatory Commission (CSRC) has confirmed that Yu Han engaged in market manipulation, resulting in significant penalties and a three-year ban from the securities market [1][2]. Summary by Relevant Sections Market Manipulation Details - From June 3, 2019, to August 15, 2024, Yu Han controlled 67 securities accounts to manipulate the stock price and trading volume of "Doctor Glasses" through continuous buying and selling and matched transactions [1][2]. - The total illegal gains from Yu Han's actions amounted to 5.11 billion yuan [1][2]. Penalties Imposed - The CSRC decided to confiscate Yu Han's illegal gains of 5.11 billion yuan and imposed an additional fine of 5.11 billion yuan, bringing the total penalty to 10.23 billion yuan [1][2]. - Yu Han has been banned from participating in the securities market for three years [1][2]. Trading Activity Analysis - During the manipulation period, Yu Han's accounts participated in trading on 1,252 trading days, with 83 days showing significant trading activity [6]. - The accounts bought a total of 110,666,468 shares, amounting to approximately 2.11 billion yuan, and sold 101,705,668 shares for about 2.15 billion yuan [6]. - On 181 trading days, the buying volume exceeded 10% of the market's total trading volume, and on 45 days, it exceeded 20% [6]. Impact on Stock Price - The stock price of "Doctor Glasses" increased from 13.72 yuan per share to 37.81 yuan per share during the manipulation period, representing a rise of 17.58% [14]. - In contrast, the Shenzhen Composite Index fell by 9.36% during the same period, highlighting the significant impact of Yu Han's actions on the stock's performance [14].