Core Points - On October 23, the stock price of Luqiao Information closed at 45.1 yuan per share, with a total trading amount of 171 million yuan and a turnover rate of 6.32% [2] - On October 14, Luqiao Information announced that it received a notice of investigation from the China Securities Regulatory Commission (CSRC) due to suspected violations in the disclosure of financial information in periodic reports [2] - The CSRC decided to investigate the company based on the Securities Law of the People's Republic of China and the Administrative Penalty Law [2] - A lawyer indicated that investors who suffered losses due to the company's delayed or inaccurate disclosures could seek compensation if they purchased shares between April 23, 2024, and September 29, 2025, and held them until the market close on September 29, 2025 [2] Trading Activity - On May 30, Luqiao Information reported an abnormal fluctuation in stock trading, with a cumulative price deviation of 66.74% over the two trading days prior [3] - The company conducted a self-examination and confirmed that there were no significant changes in its operational situation or external environment that could affect stock prices [3] - The board of directors stated that there were no undisclosed matters that should have been disclosed according to the Beijing Stock Exchange listing rules [3] Intellectual Property - Luqiao Information holds 156 patents and 291 copyright registrations [4]

达华智能近年来业绩不佳。财报显示，2021年至2024年的4年间，除了2024年归母净利润盈利外，其余3 年归母净利润均亏损。如果按扣非净利润看，公司自2018年以来已连亏7年，累计亏损约35亿元。 今年中报显示，上半年公司实现营收7.6亿元，同比下降14.3%；归母净利润由盈转亏，亏损5259万元。 达华智能此前已被监管层立案。今年7月29日，达华智能发布公告，因涉嫌信息披露违法违规，中国证 监会决定对公司立案。 上海久诚律师事务所主任许峰律师认为，在2021年8月27日到2025年1月1日之间买入达华智能股票，并 在2025年1月1日之后卖出或持有股票的投资者，可发起索赔。 【深圳商报讯】（记者 陈燕青）由于业绩低迷及被立案调查等因素，今年以来达华智能走势疲弱，上 周五创出年内新低，年内至今跌幅约24%。数据显示，公司扣非净利润已连续7年亏损。除了业绩低 迷，如今公司还面临投资者索赔的局面。 近日，上海久诚律师事务所律师团队代理的达华智能投资者索赔案已向法院提交立案，目前正在等待法 院的下一步安排。律师团队继续推进后续案件的立案工作，还在继续接受其他投资者的索赔委托。 ...

Core Viewpoint - The article discusses ongoing legal actions against Huayi Electric (600290) and Hongxiang Co., Ltd. (300427) due to false statements and financial misreporting, highlighting potential compensation claims for affected investors [1][3]. Summary by Sections Huayi Electric (600290) - Huayi Electric is facing a lawsuit for false statements leading to investor claims, with the case entering the loss assessment phase [1]. - The company was found to have inflated its 2017 revenue by 347.26 million yuan, overstated accounts receivable, and miscalculated bad debt provisions by 8.13 million yuan, resulting in an inflated profit of 66.99 million yuan [1]. - The inflated accounts receivable from 2017 persisted, leading to profit reductions in subsequent years: 9.60 million yuan in 2018, 37.29 million yuan in 2019, 55.01 million yuan in 2020, 46.01 million yuan in 2021, and 62.58 million yuan in 2022 [2]. Hongxiang Co., Ltd. (300427) - Hongxiang Co., Ltd. is also under scrutiny for false disclosures, with legal actions initiated for investor claims [3]. - The company reported inflated revenues and profits from 2017 to 2022, with specific figures including 104.89 million yuan in 2017, 255.59 million yuan in 2018, 227.07 million yuan in 2019, 304.97 million yuan in 2020, 108.80 million yuan in 2021, and adjustments in 2022 [3][4]. - The inflated figures represented significant percentages of the reported amounts, indicating severe misrepresentation of financial health [4].

Core Viewpoint - The article discusses ongoing legal actions against Dahua Intelligent (002512) and Hongda Xingye (002002) for alleged violations of securities laws, including issues related to information disclosure and financial misreporting [1][3]. Group 1: Dahua Intelligent (002512) - Dahua Intelligent has been under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to a formal case being opened on July 29, 2025 [1]. - The company failed to disclose significant contracts and related financial support matters, as well as related party transactions [1][2]. - Investors who purchased Dahua Intelligent shares between August 27, 2021, and January 1, 2025, and sold or held their shares after January 1, 2025, may be eligible to file claims for compensation [3]. Group 2: Hongda Xingye (002002) - Hongda Xingye is facing legal action for multiple violations, including unauthorized changes to the use of raised funds from 2019 and false reporting in annual and semi-annual reports from 2019 to 2023 [3][4]. - The company allegedly inflated revenue and profits through false accounting practices, leading to misleading financial statements [4][5]. - Investors who bought Hongda Xingye shares between January 6, 2020, and September 23, 2023, and sold or held their shares after September 23, 2023, may also pursue claims for compensation [6].

Core Viewpoint - The article discusses ongoing investor compensation cases against Yun Chuang Data and Su Da Wei Ge, highlighting issues of misleading information disclosure and the potential for investor claims based on recent legal developments [1][2]. Group 1: Yun Chuang Data Case - Yun Chuang Data (835305) has had an investor compensation case filed with the Nanjing Intermediate People's Court, with further claims being accepted from other investors [1]. - The company received a notice from the China Securities Regulatory Commission (CSRC) on April 27, 2025, indicating an investigation into alleged violations of information disclosure laws [1]. - Investors who purchased Yun Chuang Data shares before April 27, 2025, and sold or held them afterward are eligible to initiate compensation claims [1]. Group 2: Su Da Wei Ge Case - Su Da Wei Ge (300331) has seen progress in its investor compensation case, with a court ruling in favor of investors in the second instance, allowing eligible investors to file claims [1]. - The company was penalized by the Jiangsu Securities Regulatory Bureau on December 29, 2023, for misleading statements regarding its products, specifically misrepresenting the type of lithography equipment sold [2]. - Investors who bought Su Da Wei Ge shares on September 14, 2023, and sold or held them afterward may also initiate compensation claims based on prior favorable judgments [2].

Group 1 - The lawsuit for investor compensation against Langjin Technology (300594) has been filed in court, with further cases being prepared by the legal team [1] - The China Securities Regulatory Commission (CSRC) has issued a notice of investigation against Langjin Technology and its actual controller, Li Jingmao, for suspected violations of information disclosure laws [1] - Investors who purchased Langjin Technology shares before August 28, 2025, and sold or held them after that date may still initiate claims for compensation [1] Group 2 - The investor compensation case against Yongyue Technology (603879) is also ongoing, following the CSRC's administrative penalty decision issued on August 15, 2024 [2] - Yongyue Technology was found to have made misleading statements in its major contract announcements and failed to disclose related party non-operating fund occupation and significant omissions in periodic reports [2] - Investors who bought Yongyue Technology shares between August 28, 2023, and September 18, 2023, or between March 20, 2022, and October 12, 2023, may also initiate claims for compensation [2]

Core Points - The lawsuit for investor compensation against Yili Clean Energy (600277) due to false statements has been resubmitted to the court, with ongoing efforts to accept more claims from investors [1][2] - The company has been found to have committed financial fraud from 2016 to 2022, including inflating profits, assets, and revenues through various deceptive practices [1][2] - The company provided guarantees to its controlling shareholder and related parties, and facilitated fund transfers through various financial agreements [2] Financial Misconduct - From 2016 to 2022, Yili Clean Energy inflated profits by amounts ranging from 1,928.89 thousand to 8,268.53 thousand, which represented 3.76% to 9.37% of the reported profit totals for those years [1] - The company also inflated assets by amounts ranging from 70,010.00 thousand to 311,519.33 thousand, accounting for 2.06% to 8.49% of the reported total assets [1] - Revenue was inflated by amounts ranging from 70,879.63 thousand to 354,577.68 thousand, representing 5.70% to 22.62% of the reported revenue [1] Legal Context - Investors who purchased Yili Clean Energy stock between April 18, 2017, and April 24, 2024, may still initiate claims based on the identified violations [2] - The statute of limitations for claims against Poly Union (002037) is running out, with some cases already reaching settlement agreements [2][3] - Poly Union was found to have understated bad debt provisions, leading to inflated net profits in 2019, 2020, and 2021, with the latter year showing a 124.47% overstatement of net profit [2]

Core Insights - Tianyi Shangjia (688033) investor compensation case has been officially filed in Shanghai Financial Court, with ongoing acceptance of claims from other investors [1] - Guandian Defense (688287) investor compensation case has also been filed, with the firm continuing to accept claims from investors [2] Summary by Relevant Sections Tianyi Shangjia (688033) - The company received a warning letter from Beijing Securities Regulatory Bureau for delayed disclosure of significant events related to its actual controller [1] - Investors who purchased Tianyi Shangjia shares between March 13 and March 15, 2024, and sold or held them after March 15, 2024, may still file for compensation [1] Guandian Defense (688287) - The company was penalized for failing to disclose related party transactions and guarantees, leading to significant omissions in its reports [2] - Investors who bought Guandian Defense shares between May 25, 2022, and April 30, 2024, and sold or held them after April 30, 2024, are eligible to initiate compensation claims [2]

Core Points - The ongoing investor compensation cases against Guanghui Logistics (600603) and Gome Communication (600898) due to false statements are being actively pursued [1][2] - Guanghui Logistics has been found to have inflated its revenue, costs, and profits through fraudulent practices, significantly affecting its financial reports for 2022 and the first half of 2023 [1] - Gome Communication has also been implicated in false reporting, with its 2020 annual report showing inflated revenue and costs, as well as fraudulent stock issuance [3][4] Guanghui Logistics (600603) - Guanghui Logistics has received an administrative penalty from the China Securities Regulatory Commission (CSRC) for falsifying delivery documents to prematurely recognize real estate revenue [1] - The company inflated its 2022 revenue by approximately 2.89 billion yuan, which accounted for 57.65% of the reported revenue, and inflated its profit by about 622 million yuan, representing 78.52% of the reported profit [1] - For the first half of 2023, the company inflated its revenue by approximately 265 million yuan, which was 19.23% of the reported revenue, and inflated its profit by about 55 million yuan, accounting for 15.98% of the reported profit [1] Gome Communication (600898) - Gome Communication has been found to have false entries in its 2020 annual report, inflating revenue by approximately 57.82 million yuan and costs by about 57.46 million yuan, which represented 61.53% and 62.18% of the respective totals [3] - The company’s 2020 non-public stock issuance has been classified as fraudulent [3] - The 2021 annual report also contained false entries, with a net profit overstatement of approximately 1.96 million yuan, which was 38.35% of the reported net profit [3][4]

Core Points - Starlight Agricultural Machinery (603789) is facing a lawsuit for alleged false statements, with the China Securities Regulatory Commission (CSRC) initiating an investigation due to suspected violations of information disclosure laws [1] - Qingdao Zhongcheng (300208) is also under scrutiny for false reporting in its annual reports from 2017 to 2022, with specific issues related to revenue recognition in its wind and solar projects [1][2] Summary by Category Starlight Agricultural Machinery - The CSRC issued a notice of investigation on September 30, 2025, regarding Starlight Agricultural Machinery for suspected violations of the Securities Law and Administrative Penalty Law [1] - Investors who purchased Starlight Agricultural Machinery shares before September 30, 2025, and sold or held them afterward may initiate claims for compensation [1] Qingdao Zhongcheng - Qingdao Zhongcheng received a notice of administrative penalty from the CSRC on April 30, 2025, detailing false records in its financial statements from 2017 to 2022 [1] - The company falsely recognized revenue and profits from its wind and solar projects, and failed to write off certain mining rights that were revoked or expired [1] - Investors who bought Qingdao Zhongcheng shares between April 25, 2018, and April 29, 2024, and sold or held them afterward are eligible to file claims [2]