Shanghai Jiucheng Law Firm Xu Feng's legal team is advancing the Shilong Industrial (002748) misrepresentation investor claim casedragon'sluckmegawaysFor agency solicitation work, qualified investors are welcome to contact lawyers.
On the evening of May 15, 2024, Shilong Industrial (002748) announced that it had received the "Administrative Penalty Decision" issued by the Jiangxi Securities Regulatory Bureau. Lawyer Xu Feng of Shanghai Jiucheng Law Firm reminded that the formal penalty conclusion made by the China Securities Regulatory Commission was that investors filed The core evidence of false statement claims. If investors are damaged due to false statements involved in the case, they can now initiate claims in accordance with the law. (Xu Feng's lawyer's column)
The above-mentioned "Administrative Punishment Decision" announcement information shows that after investigation, Shilong Industry has the following illegal facts:
From 2019 to 2020, Shilong Supply Chain, a wholly-owned subsidiary of Shilong Industrial, inflated operating income, operating costs and profits by conducting false trade business with relevant customers without physical transfer and commercial essence.
Among them: inflated operating income in 2019 was 166,854,566dragon'sluckmegaways.94 yuan, accounting for 9.02% of Shilong Industry's current disclosed revenue, inflated operating costs of 161,122,864.90 yuan, accounting for 8.65% of Shilong Industry's current disclosed costs, resulting in inflated total profits of 5,731,702.04 yuan, accounting for 29.09% of the absolute value of Shilong Industry's total disclosed profits in the current period; In 2020, the inflated operating income was 146,753,276.18 yuan, accounting for 9.34% of Shilong Industrial's current disclosed revenue, and the inflated operating income was inflated.
The total profit was 134,969,145.23 yuan, accounting for 8.73% of Shilong Industry's current disclosed costs, resulting in a false increase in total profits of 11,784,130.95 yuan, accounting for 6.62% of the absolute value of Shilong Industry's current disclosed total profits. The above circumstances have led to false records in Shilong Industrial's 2019 annual report and 2020 annual report.
Lawyer Xu Feng, director of Shanghai Jiucheng Law Firm, believes that based on the above information, in accordance with the Securities Law and other regulations, investors who bought Shilong Industrial shares between April 21, 2020 and May 30, 2023, and sold or continued to hold shares after May 30, 2023 can already initiate claims. (Shilong Industrial Rights Protection Entrance)
(This article was contributed by Lawyer Xu Feng, director of Shanghai Jiucheng Law Firm, and does not represent Sina Finance's position. Lawyer Xu Feng has practiced as a lawyer since 2008. His practice services include claim agency in areas such as misrepresentation, insider trading, and market manipulation. Over the past ten years, investors who have represented nearly 200 stocks have won the case or won compensation through mediation. During the same period, there have also been claims for nearly 300 stocks within the statute of limitations of agency litigation. Some cases have also won the case and won compensation through mediation. Practice license number: 13101200810965495)