登录新浪财经APP 搜索【信披】查看更多考评等级 之前，2025年8月27日，新华锦发布《关于收到青岛证监局<行政监管措施决定书>暨可能被实施其他风 险警示及退市风险警示的风险提示公告》。经中国证监会青岛证监局查明，新华锦实际控制人张建华控 制的新华锦集团有限公司（简称新华锦集团）非经营性占用公司资金。根据公司披露的《2025年半年度 报告》，截至2025年半年度报告披露日，新华锦集团及其关联方非经营性占用公司资金余额4.06亿元。 根据《民法典》、《证券法》及最高人民法院的关于虚假陈述民事赔偿司法解释的规定，上市公司、控 股股东、实际控制人、董监高人员及其中介机构等因虚假陈述等的证券欺诈行为导致证券投资者权益受 损的，应承担民事赔偿责任，赔偿范围包括：投资差额、佣金、印花税和利息损失等。权益受损的证券 投资者可以向有管辖权的法院提起民事赔偿诉讼。 由于新华锦涉嫌信息披露违法违规，被中国证监会立案，为维护证券投资者合法权益，上海汉联律师事 务所宋一欣律师向曾经购买过新华锦的证券投资者展开诉讼代理征集，代理投资者索赔诉讼，权益受损 的证券投资者可以向前述律师进行索赔登记。（宋一欣律师专栏） 宋一欣律师认为，新华 ...

Core Viewpoint - Changjiang Pharmaceutical Holdings Co., Ltd. (*ST Changyao) has been penalized by the China Securities Regulatory Commission (CSRC) for financial misconduct, including false reporting of revenue and profits from 2021 to 2023, which may lead to significant legal and financial repercussions for the company and its investors [2][3][9]. Group 1: Financial Misconduct Details - In November 2020, *ST Changyao acquired 52.75% of Hubei Changjiang Star Pharmaceutical Co., Ltd. and subsequently included it in its financial statements [2][7]. - From 2021 to 2023, the subsidiaries of Changjiang Star fabricated inventory and sales documents, resulting in inflated revenues of CNY 215.32 million, CNY 283.74 million, and CNY 233.63 million, which accounted for 9.12%, 17.57%, and 19.51% of the reported revenues for those years respectively [2][7]. - The inflated profit totals were CNY 56.40 million, CNY 63.38 million, and CNY 43.70 million, representing 35.62%, 88.23%, and 6.42% of the reported profits for the respective years [2][7]. Group 2: Regulatory Actions and Consequences - The CSRC has ordered *ST Changyao to correct its financial statements and has issued warnings along with fines to the company and responsible personnel [2][3]. - The company may face mandatory delisting due to continuous false reporting of financial indicators over three years, as per the Shenzhen Stock Exchange's regulations [3][9]. - Prior to the administrative penalty, *ST Changyao had received a notice of investigation from the CSRC regarding the alleged false reporting of financial data [3][9]. Group 3: Investor Compensation and Legal Actions - A law firm is collecting claims from investors who purchased *ST Changyao's securities between April 28, 2022, and November 6, 2025, and who sold or held their investments after November 7, 2025 [4][9]. - Investors are advised to register for compensation claims, which may include losses from investment differences, commissions, and stamp duties [3][4]. - Required documentation for claims includes identification, securities account information, and transaction records [10].

Core Viewpoint - Shandong Langjin Technology Co., Ltd. has been penalized by the China Securities Regulatory Commission (CSRC) for failing to disclose related party non-operating fund occupation, amounting to 415.21 million yuan, which constitutes a significant violation of information disclosure regulations [2][6]. Group 1: Violation Details - From February 2024 to July 2025, Langjin Technology and its subsidiaries engaged in non-operating fund occupation with related parties, totaling 415.21 million yuan [2][6]. - The non-operating fund occupation from February to June 2024 was 86.49 million yuan, with a remaining balance of 2.49 million yuan as of June 30, 2024, accounting for 0.28% of the net assets disclosed in the 2024 semi-annual report [2][6]. - The total non-operating fund occupation from July 2024 to July 2025 was 328.72 million yuan, which was not disclosed in a timely manner [2][6]. Group 2: Penalties and Legal Actions - The CSRC decided to issue warnings and impose fines on Langjin Technology, its actual controller Li Jingmao, and related responsible personnel due to the violations [2][6]. - A prior announcement on December 17, 2025, indicated that affected investors could seek civil compensation for losses incurred due to the company's misleading disclosures [3][7]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Langjin Technology's securities between August 30, 2024, and August 27, 2025, and either sold or held them after August 28, 2025 [8][7]. Group 3: Investor Compensation Process - Investors seeking compensation must provide specific documentation, including a copy of their ID, original securities account confirmation, and transaction records [9]. - The lawyer emphasized that while investors can file lawsuits without the administrative penalty as a prerequisite, having the penalty decision is still advisable to reduce the risk of losing the case [4][9].

Core Viewpoint - Wuhan MicroPort Optical Co., Ltd. is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for accounting irregularities related to revenue recognition, which resulted in inflated financial reports for multiple quarters [2][6]. Group 1: Allegations and Financial Impact - From December 2022 to December 2023, MicroPort Optical engaged in equipment sales with State Grid Sichuan Comprehensive Energy Service Co., Ltd. without having control over the goods, leading to the improper recognition of revenue using the total amount method, violating accounting standards [2][6]. - The company reported inflated revenues of 9.5262 million yuan, 101.5284 million yuan, and 101.5284 million yuan for Q1, H1, and Q3 of 2023, respectively, which accounted for 38.17%, 69.16%, and 63.02% of the reported revenues for those periods [2][6]. Group 2: Legal and Compensation Framework - Under the Civil Code and Securities Law, parties involved in securities fraud due to false statements are liable for civil compensation, covering investment differences, commissions, and stamp duties [3][7]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased MicroPort Optical's securities between April 26, 2023, and April 28, 2024, and sold or held them after April 29, 2024 [3][7]. Group 3: Claim Registration Process - Investors seeking compensation must provide specific documentation, including a copy of their ID, original securities account confirmation, and transaction records stamped by their brokerage [4][8]. - The administrative penalty decision is considered a necessary prerequisite for filing lawsuits, although investors may face risks if they proceed without it [4][8].

Core Viewpoint - Yuan Cheng Environment Co., Ltd. (referred to as Yuan Cheng, ST Yuan Cheng, stock code: 603388, 400284) has been penalized by the China Securities Regulatory Commission (CSRC) for violations related to false disclosures in financial reports and other misconduct [1][6]. Group 1: Violations and Penalties - The CSRC found that Yuan Cheng's annual reports from 2020 to 2022 contained false records, including inflated project costs and revenues, leading to overstated operating income and total profits [6][1]. - The company was also found to have fabricated significant false content in its 2022 non-public stock issuance documents [6][1]. - As a result, the CSRC ordered Yuan Cheng and its controlling shareholder, Zhu Changren, to correct the issues, issued warnings, and imposed fines [6][1]. Group 2: Previous Announcements and Findings - On January 30, 2024, Yuan Cheng announced corrections for prior accounting errors and adjustments [7]. - On February 6, 2024, the company received a warning letter from the Zhejiang Securities Regulatory Bureau regarding inaccuracies in its financial disclosures from 2020 to 2023 [7]. - The CSRC's investigations revealed multiple violations, including failure to disclose non-operating fund transactions with the actual controller and incomplete disclosures regarding related parties and equity transactions [7][8]. Group 3: Investor Compensation and Legal Actions - Investors affected by Yuan Cheng's violations can seek civil compensation for losses incurred due to false statements, including differences in investment, commissions, stamp duties, and interest losses [8][3]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Yuan Cheng's securities between April 15, 2021, and January 29, 2024, and sold or held them after January 30, 2024 [8][3]. - The conditions for compensation claims may be adjusted based on the CSRC's administrative penalties and court rulings [8][9].

Core Viewpoint - Zhejiang Furun (600070) is facing legal actions due to allegations of financial misconduct, including the inflation of revenue and costs through fictitious advertising transactions, leading to false financial disclosures [1][2][3] Financial Misconduct Details - From January 2020 to mid-2022, Zhejiang Furun inflated its total revenue by approximately 717.23 million yuan and its costs by about 715.51 million yuan [2][3] - In 2020, the inflated revenue was 365.77 million yuan, accounting for 12.04% of the reported figures, while the inflated costs were 364.92 million yuan, representing 13.30% [2][3] - In 2021, the inflated revenue was 142.61 million yuan (10.87%) and costs were 143.23 million yuan (11.11%) [2][3] - In the first half of 2022, the inflated revenue reached 208.85 million yuan (69.05%) and costs were 207.35 million yuan (69.79%) [2][3] Legal Proceedings and Investor Claims - The Shanghai Jucheng Law Firm, led by lawyer Xu Feng, is actively pursuing claims on behalf of investors who purchased Zhejiang Furun shares between April 27, 2021, and April 28, 2023, and either sold or continued to hold the shares after that date [2][3] - The law firm has reported previous victories in similar cases, indicating a potential for successful claims for affected investors [2][3]

Core Viewpoint - Guangdong Jushi Chemical Co., Ltd. (stock code: 688669) is facing administrative penalties for violations related to information disclosure, specifically for engaging in fictitious trade activities to inflate revenue, costs, and profits [2][6]. Group 1: Violations and Financial Impact - Jushi Chemical and its subsidiaries inflated revenue by CNY 156,807,377.35, costs by CNY 158,470,264.89, and reduced profits by CNY 1,662,887.54 in the first half of 2023, representing 8.32%, 8.51%, and 6.81% of total revenue, total costs, and total profit respectively [2][6]. - The company was found to have engaged in fictitious trade with four companies controlled by its subsidiary, Guangdong Guanzhen Technology Co., Ltd., involving transactions without actual goods [2][6]. Group 2: Regulatory Actions and Legal Implications - The China Securities Regulatory Commission (CSRC) Guangdong Bureau plans to issue a warning and impose fines on Jushi Chemical and its responsible personnel [2][6]. - Previous audits by Zhongxinghua Accounting Firm revealed four significant irregularities, leading to a warning from the CSRC [7]. - Investors affected by the company's actions can seek civil compensation for losses incurred due to the company's false statements, which may include investment differences, commissions, and stamp duties [7][8]. Group 3: Investor Compensation Process - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Jushi Chemical's securities between August 29, 2023, and November 21, 2025, and who sold or continued to hold them after November 22, 2025 [8]. - Investors must provide specific documentation, including a copy of their ID, securities account information, and transaction records to register for compensation [9].

Core Viewpoint - Ningbo Tianpu Rubber Technology Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations related to information disclosure, which has led to significant stock price fluctuations [1][4]. Group 1: Investigation and Legal Actions - The CSRC has decided to initiate a case against Tianpu due to suspected major omissions in announcements regarding abnormal stock trading [1][4]. - Investors who have suffered losses due to the alleged fraudulent activities can file civil compensation lawsuits against the company and its executives, as well as intermediary institutions [1][4]. Group 2: Compensation Conditions - The conditions for compensation include investors who purchased Tianpu shares or bonds before January 10, 2026, and sold or continued to hold them after this date [2][5]. - The final conditions for compensation will be adjusted based on the conclusions of the CSRC's administrative penalties and the court's final judgment regarding the legal timeframe, compensation subjects, and standards [2][5]. Group 3: Legal Process and Requirements - The progress of civil compensation lawsuits may be affected by the company's potential delisting or bankruptcy proceedings [3][6]. - Investors wishing to register for compensation must provide specific documentation, including a copy of their ID, securities account information, and transaction records [3][6].

Core Viewpoint - The article discusses the ongoing legal actions against Pava Co., Ltd. (688184) due to allegations of false statements and information disclosure violations, leading to investor claims for compensation [1][2][3]. Group 1: Legal Proceedings - On December 31, 2025, Shanghai Jiucheng Law Firm, represented by lawyer Xu Feng, submitted another case to the Shanghai Financial Court regarding investor claims against Pava Co., Ltd. for alleged false statements [1]. - The investor claims have already been accepted by the court, and the legal team is continuing to accept further claims from investors [2]. - On September 8, 2025, Pava Co. announced that it received a notice from the China Securities Regulatory Commission (CSRC) regarding the initiation of a case against the company and its director Zhang Bao for information disclosure violations [3]. Group 2: Investor Compensation Eligibility - Xu Feng, the head of Shanghai Jiucheng Law Firm, stated that investors who purchased Pava Co. shares between September 19, 2022, and March 26, 2025, and sold or continued to hold the shares after March 26, 2025, are eligible to file for compensation [4]. - The law firm has a history of successfully representing investors in similar cases, with nearly 200 stocks resulting in victories or settlements, and is currently handling claims for around 300 stocks within the statute of limitations [4].

Core Viewpoint - Baili Technology has been penalized by the Hunan Securities Regulatory Commission for failing to disclose non-operating fund occupation matters, which constitutes a violation of the Securities Law [1][3][4] Group 1: Violations and Penalties - Baili Technology did not disclose non-operating fund occupation totaling 191.91 million yuan from June 2022 to September 2023, which was used for equipment procurement but redirected for personal debt repayment by the actual controller Wang Hairong [1][3] - The company failed to disclose this information in its 2022 annual report, 2023 semi-annual report, and 2023 annual report, leading to significant omissions and violations of the Securities Law [2][4] Group 2: Legal Implications for Investors - Investors who purchased Baili Technology stock between September 14, 2022, and April 30, 2024, and sold or held the stock after April 30, 2024, may initiate claims for compensation due to these violations [2][4]