投资快报记者李山 广州报道 一笔隐秘的"家族交易"，一份存在重大遗漏的财报，正在让一家上市公司及其投资者付出沉重代价。 2025年10月22日，锦盛新材（300849）公告收到浙江证监局的《行政处罚事先告知书》，公司因涉嫌信 息披露违法违规将被处以警告及150万元罚款，公司董事长等四位高管被连带处罚，总计罚款金额达550 万元。投资快报记者留意到，这起罚单还揭开了一桩高达1.2亿元的关联交易——公司董事长指定亲侄 子承包公司重大工程项目，却未在年报中如实披露。 隐秘关联 2021年12月6日，锦盛新材与浙江宏祥建设工程有限公司签订《建设工程施工合同》，将"年产6000万套 化妆品包装容器建设项目"厂房建设交由后者承包。 就在同一天，浙江宏祥与阮钟炎签订《工程项目内部承包经营协议》，将上述厂房建设交由阮钟炎实际 承包。 浙江宏祥仅按合同金额的一定比例收取管理费，而阮钟炎控制项目章、自主雇员建设、自主采购与付 款、自主与锦盛新材对接请款、自负盈亏。 调查结果显示，阮钟炎正是锦盛新材实际控制人兼董事长阮荣涛的侄子。 阮荣涛也正是因为这层叔侄关系，才指定将6000万套项目交由阮钟炎实际承包，并要求浙江宏祥在合同 签订 ...

Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. has been criticized by the Shenzhen Stock Exchange for violations related to its construction contract with Zhejiang Hongxiang Construction Co., Ltd. and the subsequent handling of related transactions [1][2][3]. Group 1: Violations and Transactions - On December 6, 2021, Jinsong New Materials signed a construction contract with Hongxiang Construction for a project worth 118 million yuan, which was later increased to 150 million yuan in December 2022 [1][7]. - The actual transaction amounts between Jinsong New Materials and Hongxiang Construction from 2022 to 2024 were 120 million yuan, 30 million yuan, and 2.8259 million yuan, representing 17.58%, 4.65%, and 0.45% of the company's audited net assets for the respective years [1][7]. - Jinsong New Materials recognized the transactions with Hongxiang Construction as related transactions in April 2025, which met the standards for shareholder meeting review and disclosure in 2022 and 2023, respectively [2][3]. Group 2: Accountability and Disciplinary Actions - The chairman, general manager, financial director, and board secretary of Jinsong New Materials failed to fulfill their duties and obligations, leading to significant responsibility for the company's violations [3][8]. - The Shenzhen Stock Exchange decided to issue a public reprimand to Jinsong New Materials and the aforementioned executives for their roles in the violations [3][9]. - The violations will be recorded in the company's integrity file by the Shenzhen Stock Exchange [4][10].

Core Viewpoint - Jinsheng New Materials (300849.SZ) experienced a significant stock decline of 20.02%, closing at 13.18 yuan, following the announcement of an investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [1] Financial Performance - In 2024, the company reported a revenue of 333 million yuan, marking a year-on-year increase of 28.15%. However, the net profit attributable to shareholders was a loss of 22.65 million yuan, slightly improved from a loss of 23.87 million yuan in the previous year [2] - For Q1 2025, the company achieved a revenue of 74.43 million yuan, reflecting a year-on-year growth of 10.97%. The net profit attributable to shareholders was a loss of 3.84 million yuan, worsening from a loss of 0.98 million yuan in the same period last year [3] - The net cash flow from operating activities for 2024 was 42.71 million yuan, showing a significant increase of 112.01% compared to the previous year [2] Capital and Investment - The company raised a total of 350 million yuan through its public offering, with a net amount of 293 million yuan after expenses. Of this, 92.22 million yuan is allocated for a project to increase the annual production capacity of cosmetic packaging containers by 15 million sets, and 201 million yuan is designated for a new project to produce 45 million sets of cosmetic packaging containers annually [4] Dividend Policy - The company has decided not to distribute cash dividends, issue bonus shares, or increase capital through reserves [3]