出手！这一A股被立案

Core Viewpoint - Jihua Group is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company claims its business operations remain normal during the investigation period [2]. Group 1: Regulatory Issues - On August 8, 2025, Jihua Group received a notice from the CSRC regarding the initiation of an investigation due to suspected information disclosure violations [2]. - The company had previously been criticized by the Shanghai Stock Exchange in November 2024 for failing to timely disclose relevant borrowing matters and not resolving these issues before a share transfer [5][7]. Group 2: Financial Performance - Jihua Group's revenue has been declining, dropping from 15.436 billion yuan in 2022 to 9.886 billion yuan in 2024, with a significant net loss of 4.228 billion yuan in 2024, a year-on-year decrease of 2418.90% [10]. - The losses are attributed to three main factors: impairment provisions for inefficient assets affected by the real estate market downturn, inventory impairment due to changes in customer demand and increased competition, and devaluation of collateral assets related to lawsuits [10]. Group 3: Stock Performance - Despite the financial struggles, Jihua Group's stock price has seen significant increases, with a maximum rise of 106.64% since April 2025, reaching a closing price of 5.28 yuan per share on August 8, 2025, with a total market value of 23.19 billion yuan [11].