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The other dayPowerballnumberspleaseSome investors sued Shanghai Hongda Xincai (Rights Protection) Co., Ltd. (Securities abbreviation: Hongda Xincai, Securities Code: 002211) Securities false statement case has been successful. Some investors represented by lawyer Luo Jianxin against Hongda New Materials plan to file a lawsuit with the Shanghai Financial Court in the near future. Investors who meet the requirements for investment claims, please join as soon as possible. (lawyer Luo Jianxin's column)

Hongda Xincai received the Administrative penalty decision (penalty word (2023) No. 24) issued by the China Securities Regulatory Commission on April 10, 2023. It has been found that HTC has the following illegal facts:

1. The actual controller is not disclosed in accordance with the regulations.

2. The annual report from 2019 to 2020 falsely increases income and profits.

In 2019, HTC New Materials falsely increased its revenue by 24654 through private network communications business.Powerballnumbersplease0.98 million yuan, the cost was 216.831 million yuan, and the total inflated profit was 29.7188 million yuan, accounting for 38.93% of the total profit disclosed in HTC's annual report. In 2020, HTC added a total of 489.0038 million yuan in revenue and 385.5563 million yuan in cost through private network communications business, and the total inflated profit was 103.4475 million yuan, accounting for 146.09% of the total profit disclosed in HTC's annual report (151.08% of the total corrected profit). As a result of the above actions of HTC, the 2019 Annual report and the 2020 Annual report constitute false records.

3. The 2020 annual report does not take into account the impairment of goodwill and falsely increase profits.

Without taking into account the impairment of goodwill, the company falsely increased its profit by 75.8 million yuan, accounting for 107.05% of the total profits disclosed in the current period (accounting for 110.70% of the total corrected profits). As a result of the above actions of HTC, the 2020 Annual report constitutes a false record.

According to the latest provisions of the Securities Law and the relevant judicial interpretation of the Supreme people's Court, the information disclosure obligor violates the provisions of laws, administrative regulations, rules and normative documents formulated by regulatory departments on information disclosure, if there are false records, misleading statements or major omissions in the disclosed information, the people's court shall identify them as false statements. The scope of compensation includes: investment difference, commission, stamp duty and interest loss, etc.

At present, lawyer Luo Jianxin is acting for the claim of damaged investors in HTC. The claim conditions are tentatively set as follows: buying shares between 2019-01-05 and 2022-01-09, and investors who sell or still hold losses at the close of 2022-01-10 may claim compensation from the company, and the terms of claim are finally determined by the court. (HTC new material rights protection entrance)

Lawyer Luo Jianxin reminds us of litigation matters:

1. The limitation of action in this case is 3 years. If the lawsuit is sued after the limitation of action, the investor will lose the right to win.

2. Investors are required to prepare a list of claim materials:

2.1, stock trading records (or statements)

2.2. Proof of securities account

2.3. Scan the front and back of the ID card.

3. The above prompt claim conditions, compensation object and scope are for reference only, and finally the judgment effective by the court shall prevail.

4. The lawyer's fee is the risk agent and will be paid after the investor has actually received the compensation.

(this article is contributed by Luo Jianxin, a lawyer from Guangdong Jinqiao Baixin Law firm, and does not represent the position of Sina Finance. Lawyer Luo Jianxin is a partner of Guangdong Jinqiao Baixin Law firm, founder and director of Jinqiao Securities Litigation Center, arbitrator of Guangzhou Arbitration Commission, and member of Securities Law Committee of Guangzhou Bar Association. Lawyer Luo has practiced for more than 20 years, holds securities, fund and futures qualification certificates, and is a senior shareholder. He has set up a professional securities litigation team, including listed companies' securities misrepresentation, insider trading, manipulation, equity disputes, securities criminal rights protection and defense, and has successfully represented or is acting for a large number of securities rights protection cases with rich experience. )