Xin Lang Cai Jing·2026-02-04 07:45Core Viewpoint - The company, Qianyin High-Tech, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to potential claims from affected investors [1][4]. Financial Reporting Issues - Qianyin High-Tech announced corrections to previous accounting errors and adjustments to its financial statements for 2023 and 2024, with KPMG providing a qualified opinion on the 2024 financial report due to issues related to accounts receivable from three distilleries and another company [1][3]. - The company identified that the three distilleries faced operational difficulties due to market conditions, and one associated company had liquidity issues since 2023, prompting a reassessment of the impairment losses on receivables [2][7]. - The company plans to recognize a 20% impairment loss on the receivables from the distilleries as of the end of 2023, with a potential 100% impairment loss in 2024 if the receivables remain uncollectible [2][7]. Legal and Compensation Actions - Investors who purchased Qianyin High-Tech shares between March 23, 2024, and April 30, 2025, and sold or held them after April 30, 2025, are eligible to prepare for claims against the company [4][8]. - The law firm representing investors has also initiated claims for another company, Renzi Hang, which has faced similar legal issues, indicating a broader trend of investor compensation actions in the market [4][8].