新京报讯(记者张静姝)近日，北京市密云区人民法院召开"股东出资责任相关纠纷暨典型案例"新闻通报 会，通过梳理近五年来股东出资责任相关纠纷案件的审理情况、发布典型案例及提出法官建议，为公司 股东及债权人利益提供依法、妥善、高效的司法保护，助力打造稳定公平透明、可预期的法治化营商环 境。 密云法院党组成员、副院长周凤兴介绍，2020年1月1日至2024年12月31日，密云法院共审结股东出资责 任相关纠纷案件370件。这些案件具有债权人诉讼请求不明确，承担责任的方式不明确，混淆连带责 任、赔偿责任、补充赔偿责任、清偿责任等承担民事责任方式的特点。案件对债权人举证要求高、事实 查明难度较大。而且，此类案件中，公司无财产可供执行，标的额也普遍较大，案件调解率不高。案件 中，公司被吊销营业执照情况普遍，股东应诉不积极。 苏小琴副庭长还介绍了密云法院审理的典型案例。 其中一起案例中，王某向其作为股东的公司账户内转入投资款500万元进行验资。过了一段时间后，该 公司将验资账户内的500万余元转入公司另一个账户，然后又再次转出至案外人账户。后续该公司股权 多次发生变动。另一股东钱某认为王某存在抽逃出资行为，诉至法院要求王某进行 ...

Core Viewpoint - *ST Songfa has changed its stock name to "*ST Songfa" due to being on the brink of delisting, with a potential delisting in 2025 if financial indicators are not met. The company is attempting to avoid this by acquiring 100% of Hengli Heavy Industry Group Co., Ltd. [1][3][20] Group 1: Financial Performance and Risks - In 2024, *ST Songfa reported an operating income of 275 million, a year-on-year increase of 33.34%, but still posted a net loss of 77 million, marking four consecutive years of losses [3][18] - The company has triggered delisting risk warnings due to its audited net profit being negative when excluding non-recurring gains and losses, and its revenue falling below 300 million [3][4] Group 2: Acquisition and Capital Operations - The acquisition of Hengli Heavy Industry has been approved, but the Shanghai Stock Exchange requires further clarification on the 2.5 billion capital increase and its implications on asset evaluation [4][5] - The 2.5 billion capital increase on September 30, 2024, was reportedly used to repay debts to related parties, raising concerns about potential capital withdrawal by the actual controller [6][12] Group 3: Related Party Transactions and Concerns - The vague references to "related parties" in disclosures have led to investor skepticism regarding the legitimacy of the capital increase and potential capital withdrawal [2][11] - The company and intermediaries have been criticized for not clearly identifying the related parties involved in the 2.5 billion capital increase, which could clarify the situation and alleviate investor concerns [13][17] Group 4: Historical Context and Management - *ST Songfa has faced declining profits since its IPO in 2015, with significant losses in its education segment leading to its exit from that business [18][19] - The actual controllers, Chen Jianhua and Fan Hongwei, have been involved in frequent capital operations, including the acquisition of Hengli Heavy Industry, which may be aimed at alleviating debt pressures within the Hengli group [20]