又一家！聚石化学虚增利润超亿元，监管出手重罚！

Core Viewpoint - The administrative penalty decision reveals that Jushi Chemical and its subsidiaries inflated revenue by 157 million yuan through false trading practices, highlighting investor protection issues [1][2]. Group 1: Investor Compensation Conditions - Jushi Chemical announced on February 3, 2026, that it received an administrative penalty from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission, confirming the inflation of revenue, costs, and profits through false trading [2][9]. - Investors must meet specific conditions to qualify for compensation: they must have purchased shares after the company engaged in false statements and held them until the misconduct was publicly revealed or corrected [3][10]. - The period for eligible investors to claim compensation is from August 29, 2023, to November 21, 2025, with losses incurred after November 22, 2025, also qualifying [4][11]. Group 2: Revenue Inflation Details - The administrative penalty detailed three methods used by Jushi Chemical to inflate revenue: 1. Engaging in false trades with four trading companies controlled by its subsidiary, resulting in an inflated revenue of 86.55 million yuan and a profit reduction of 1.687 million yuan [4][11]. 2. Involvement in third-party trade chains, inflating both revenue and costs by 52.23 million yuan [4][11]. 3. Sales of isooctane without actual shipment, inflating revenue by 18.02 million yuan [4][11]. - Overall, the company inflated its revenue by 157 million yuan, costs by 158 million yuan, and reduced profits by 1.6629 million yuan, representing 8.32%, 8.51%, and 6.81% of total revenue, costs, and profit respectively for the first half of 2023 [4][11]. Group 3: Company Performance - Jushi Chemical, primarily engaged in the research, production, and sales of new chemical materials, has faced deteriorating operational conditions, with significant performance declines expected in 2024 [5][13]. - For 2025, the company anticipates a net loss attributable to shareholders ranging from 90 million to 120 million yuan, marking its second consecutive year of losses [6][13]. - The decline in revenue and increased losses in the liquefied petroleum gas business are attributed to fluctuations in international crude oil prices [7][13].