Shandong Zhangqiu Blower(SZ:002598) 中国基金报·2026-01-01 08:49Core Viewpoint - Shandong Zhanggu has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of financial information disclosure in its periodic reports, leading to a formal case being opened against the company [2]. Group 1: Investigation and Regulatory Actions - The company received a notice from the CSRC regarding the investigation due to alleged violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [2]. - Shandong Zhanggu stated that it will actively cooperate with the CSRC's investigation and will fulfill its information disclosure obligations as required by law [5]. - The company has previously been ordered to rectify issues related to information disclosure violations by the Shandong Securities Regulatory Bureau [7]. Group 2: Specific Violations Identified - The investigation revealed three main issues: 1. Violations in the approval and disclosure of related party transactions, including inaccuracies in the disclosure of related party receivables and payables from 2020 to 2024 [8]. 2. Misuse of raised funds, including the purchase of non-principal guaranteed financial products and failure to redeem certain products within the authorized management period [8]. 3. Non-compliance in corporate governance, such as related shareholders acting as monitors during votes on related matters and incomplete records of participants in insider information processes [8]. Group 3: Company Performance - As of the first three quarters of the previous year, Shandong Zhanggu reported revenue of 1.459 billion yuan, a year-on-year decrease of 3.94%, and a net profit attributable to shareholders of 62 million yuan, down 39% year-on-year [9]. - The company's stock closed at 10.69 yuan per share on December 31, 2025, with an annual increase of over 13% [10].