coinbasecryptogames| Four companies were hit by thunder over the weekend, and CNNC Titanium Dioxide was fined 235 million yuan. Jiayun Technology and Shengtun Mining were investigated. Zhongtai Chemical was arrested by ST

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Recently, the supervision of listed companies is becoming more and more strict. Last weekend, there were four more companies "Thunder". Medium nuclear titanium dioxide (safeguarding rights)CoinbasecryptogamesThe actual controller, Wang Zelong and his friends Hong Haowei, former Dong Secretary Han Yuchen, as well as CITIC Securities, Haitong Securities and CITIC Securities were confiscated for violating stock transfer restrictions and illegal information disclosure.Coinbasecryptogames.35 billion yuan, of which Wang Zelong personally has to bear 1.CoinbasecryptogamesForfeiture of 33 billion yuan.

In addition, on the evening of May 17, Jiayun Technology and Shengtun Mining announced one after another and received a "notice on file" from the China Securities Regulatory Commission. Because the company was suspected of violating the law and regulations in information disclosure, the CSRC decided to file a case against the company for investigation. Sino-Thai Chemical (Rights Protection) announced that it had received a "written decision on administrative penalty" issued by the Xinjiang Securities Regulatory Bureau, and the short name of the company's shares had been changed from "Sino-Thai Chemical" to "ST Zhongtai".

Jiayun Technology has been filed for investigation on suspicion of information disclosure violations, and the business transformation has not yet made a profit.

Jiayun Technology recently received a notice from the CSRC to file a case for investigation on suspicion of illegal information disclosure. Prior to this, the Shenzhen Stock Exchange has issued a supervision letter to the company and related parties, pointing out that Jiayun Technology has many defects in information disclosure. As of the 17th, Jiayun Technology shares were trading at 2.66 yuan per share, with a total market capitalization of 1.688 billion yuan.

In terms of performance, Jiayun Technology achieved operating income of 755 million yuan in 2023, down 66.81% from the same period last year, and net profit was-95.5437 million yuan, down 679.41% from the same period last year. The company said that although it focuses on the main business of Internet marketing and tries to diversify its layout, the related business is still not profitable.

Shengtun Mining Industry has filed an investigation for inaccurate financial information in its annual report for two consecutive years.

Xiamen Securities Regulatory Bureau previously issued a decision on administrative supervision measures to Shengtun Mining, which mentioned that during the period from 2021 to 2022, Shengtun Mining carried out the sales business of cobalt wet smelting intermediate products with relevant customers, the control of the goods was not substantially transferred when the goods were delivered to the relevant customers, the company recognized the revenue at the time of delivery, and the accounting treatment was inaccurate. The above-mentioned individual cobalt wet smelting intermediates sold to customers were bought back by a subsidiary of the company for production without merger offset.

This incident led to more than 360 million yuan of recognized income of Shengtun Mining in 2021, accounting for 0.79% of the current operating income, and more recognized profits of 194 million yuan, accounting for 7.15% of the total profits of the year. 84.149 million yuan of recognized income in 2022, accounting for 0.33% of the operating income of the current year, less recognized profits of 139 million yuan, accounting for 18.20% of the total profits of the year. The relevant financial information disclosed in the 2021 and 2022 annual reports of Shengtun Mining Industry is not accurate.

Shengtun Mining said that the company will conscientiously implement various rectification measures and constantly improve corporate governance and internal management system. As of the 17th close, Shengtun Mining shares were 5.18 yuan per share, down 2.37% from the previous trading day, with a total market capitalization of 16.222 billion yuan.

Sino-Thai Chemical was suspended for one day by ST on May 20th.

On May 17, Sino-Thai Chemical announced that the company and relevant responsible persons received the "decision on Administrative punishment" issued by the Xinjiang Securities Supervision Bureau on May 17. It has been found out that Sino-Thai Chemical has false records in the 2022 annual report; the related transactions occupied by the controlling shareholders and their related parties' non-operating funds are not disclosed in time, and there are major omissions in the 2021 and 2022 annual reports; there are false records and major omissions in the annual reports disclosed during the duration of corporate bonds and debt financing instruments, and the information disclosure of the relevant bond offering prospectus is not accurate.

The Xinjiang Securities Regulatory Bureau decided to order the company to make corrections, give a warning and impose a fine of 5 million yuan; give a warning to the relevant parties and impose fines of varying amounts. The company's shares will be suspended for one day on May 20, and trading will resume on May 21 and other risk warnings will be implemented. the short name of the stock will be changed from "Sino-Thai Chemical" to "ST Zhongtai". The daily rise or fall limit of stock trading is limited to 5%. On May 19, Sino-Thai Chemical announced that the company and relevant responsible persons received the correction of the announcement of the decision on Administrative punishment issued by the Xinjiang Regulatory Administration of the China Securities Regulatory Commission. After examination, some of the contents of the original announcement were incorrect, and after correction, the fine on Yang Jianghong was corrected from 5 million yuan to 2.5 million yuan.

As of the 17th close, Sino-Thai Chemical shares at 4.93 yuan per share, with a total market capitalization of 12.769 billion yuan. Sino-Thai Chemical was listed on December 8, 2006 and the actual controller of the company is the State-owned assets Supervision and Administration Commission of Xinjiang Uygur Autonomous region. The share price peaked at 45.99 yuan in 2008, while Sinochem's share price peaked again in 2021, rising from more than 4 yuan to a peak of 18.96 yuan.

Wang Zelong, the real controller of the post-1995 generation of China Nuclear Titanium dioxide, was fined 133 million for illegally operating the stock market.

According to the administrative penalty decision of the China Securities Regulatory Commission, Wang Zelong, the actual controller of CNPC titanium dioxide, and his friends Hong Haowei and former Dong Jie Han Yuchen, as well as CITIC Securities, Haitong Securities, CITIC Securities, CITIC Securities, and CITIC Securities were confiscated a total of 235 million yuan for violating stock transfer restrictions and illegal information disclosure, of which Wang Zelong personally had to bear a fine of 133 million yuan. As of the 17th close, the share price of China Nuclear Titanium dioxide is 4.41 yuan per share, with a total market capitalization of 17.071 billion yuan.

Wang Zelong implemented the fixed increase and short selling arbitrage operation in cooperation with CITIC Securities, CITIC Securities, Haitong Securities and Han Yuchen from September 2022 to February 2023. This operation circumvents the six-month lock-up period of non-public offerings and cashes profits in advance through over-the-counter derivatives trading. In this process, Wang Zelong failed to truthfully disclose the actual situation of his participation in non-public offerings, resulting in false information in the announcements issued by listed companies.

The survey found that Wang Zelong used the strategy of increasing short arbitrage to sell medium-core titanium dioxide stocks through securities lending in just a few months, achieving a transaction value of about 671 million yuan, from which he personally made a profit of 58.16 million yuan. In addition, Hong Haowei and Wang Zelong also made a profit of 14.19 million yuan and 2.48 million yuan respectively through different funds, while Citic Securities, CITIC Securities and Haitong Securities received corresponding income for providing related services.

The CSRC believes that the above actions violate securities laws and regulations, including not only illegal transfer of shares, but also information disclosure issues such as false records. Wang Zelong, the actual controller of the post-1995 generation of this listed company, attracted much attention for his successful investment in Longbai Group in his early years and was on the rich list many times. It is worth noting that although China Nuclear Titanium dioxide has "China Nuclear" in its name, it actually has nothing to do with CNNC, and CNNC has publicly stated that it has nothing to do with it.

Industry insiders analyzed that after a series of incidents such as financial fraud and illegal guarantees, regulatory authorities have intensified their review of listed companies 'information disclosures and financial data to protect the interests of investors and maintain market stability. In addition, regulatory authorities have also strengthened supervision of information disclosure by listed companies, requiring companies to disclose important information such as operating conditions and financial data in a timely, accurate and complete manner so that investors can make accurate judgments and investment decisions.

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