Log in to the Sina Finance APP and search [Xinpi] to view more stockholders who have suffered damage to their evaluation ratings. They can go to the Sina shareholder rights protection platform to register for the company to protect their rights: http://wq.finance.sina.com.cn/ Follow @Sina Securities, follow Sina on WeChat You can find us on brokerage funds, Baidu search, Sina investor rights protection, Sina Finance client, and Sina Finance homepage! On the evening of April 24, 2024, CITIC Guoan Information Industry Co., Ltd. (hereinafter referred to as \”ST Guoan (rights protection)\” or the \”Company\”) issued the \”Announcement on Application for Cancellation of Other Risk Warnings\”.
The announcement stated that the circumstances in which the company was subject to \”other risk warnings\” have all been eliminated, and there is no major uncertainty in the company\’s ability to continue operating. In addition, there are no circumstances in which the company should be \”implemented in other risk warnings.\” ST Guoan has applied to the Shenzhen Stock Exchange Cancel the \”other risk warning\” imposed on the company\’s stock trading.
In the secondary market, the company\’s stock price hit the daily limit on the first trading day after the announcement.
This good news may help shareholders claim compensation.
Lawyer Zhao Jingguo of Shanghai Xinben Law Firm (practice certificate number: 13101200410820485) reminds that if you bought and held a position between February 6, 2010 and May 17, 2020, no matter whether it was on or after May 18, 2020 Investors who have suffered losses from selling can voluntarily register claims through the \”Sina Shareholder Rights Protection Platform\”.
(Column of Lawyer Zhao Jingguo) Looking back on this case, on May 16, 2020, ST Guoan received the \”China Securities Regulatory Commission Investigation Notice\” (Shaanxi Securities Investigation No. 2020036).
Because the company is suspected of violating laws and regulations in information disclosure, in accordance with the relevant provisions of the Securities Law of the People\’s Republic of China, the China Securities Regulatory Commission (hereinafter referred to as the \”China Securities Regulatory Commission\”) decided to launch an investigation into the company.
On June 3, 2021, the company announced that it had received the \”Administrative Penalty Decision\” ([2021] No. 36) issued by the China Securities Regulatory Commission.
The China Securities Regulatory Commission determined that: (1) There are frauds in the \”2009 Annual Report\”, \”2010 Annual Report\”, \”2011 Annual Report\”, \”2012 Annual Report\”, \”2013 Annual Report\” and \”2014 Annual Report\” disclosed by ST Guoan False records; (2) There are false records in the 2015 Annual Report disclosed by ST Guoan.
Lawyer Zhao Jingguo of Shanghai Xinben Law Firm believes that investors who bought and held positions between February 6, 2010 and May 17, 2020, regardless of whether they sold on May 18, 2020 and after, can Voluntarily initiate claim registration.
In terms of performance, on the evening of April 24, 2024, ST Guoan released its 2023 annual report and 2024 first quarter report.
In 2023, ST Guoan\’s operating income was 29.816347 million yuan, a year-on-year increase of 10.16%; net profit attributable to the parent company was -91.0188 million yuan; non-net profit after deducting -217.4302 million yuan.
In the first quarter of 2024, the company\’s operating income was 862.0045 million yuan, a year-on-year increase of 19.39%; the net profit attributable to the parent company was -15.3669 million yuan, a year-on-year decrease of 79.05%; the non-net profit after deduction was -15.3675 million yuan, a year-on-year decrease of 928.53%.
In terms of litigation, the investor\’s case against ST Guoan Securities for false statements represented by lawyer Zhao Jingguo has been submitted for filing, and the Beijing No. 3 Intermediate People\’s Court ruled that the case should be consolidated.
The Xinben shareholder claims team reminds that ST Guoan has been administratively punished by the China Securities Regulatory Commission, so investors who have suffered losses can voluntarily initiate claim registration.
Rights protection conditions: ST Guoan: bought and held a position between February 6, 2010 and May 17, 2020, regardless of whether it was sold on May 18, 2020 and after.
(The specific scope of compensation shall be determined by the court) (ST Guoan Rights Protection Portal) (This article was contributed by lawyer Zhao Jingguo, a partner of Shanghai Xinben Law Firm, and does not represent the views of Sina Finance.
Lawyer Zhao Jingguo obtained the lawyer qualification in 1999. He has solid knowledge of legal theory and has taught in colleges and universities.
He has been practicing law since 2004 and has handled more than a thousand litigation cases of various types. He has accumulated rich experience in dispute resolution and is especially good at handling securities disputes, finance, non-performing assets and other aspects of business.
Since his practice, lawyer Zhao Jingguo has represented investors in claims against many listed companies. The cases he has won or received compensation for include Zhonganke’s claim, Zhongbing Hongjian’s claim, Busen Clothing’s claim, China Submarine Shares’ claim, Orred’s claim, Zhangzidao claim, Tianshen Entertainment claim, Fushun Special Steel claim, Feile Audio claim, Xiangyi Rongtong claim, Yan\’an Bikang claim, Huanrui Century claim, etc.
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