Investors who suffered losses can register their claims against the company on the SINA investor rights protection platform at: http://wq.finance.sina.com.cn/. The platform can also be accessed by following SINA Finance on social media, searching for SINA shareholder rights protection via Baidu, or visiting the SINA Finance app and homepage.
Recently, the investor lawsuit against Suzhou Hengjiu Optoelectronics Technology Co., Ltd. (referred to as *ST Hengjiu or Hengjiu Delisting, original code: 002808) regarding securities misrepresentation liability has been advancing. Lawyer Li Jian from Zhejiang Yufeng Law Firm, who has previously represented shareholders in winning cases against more than 150 listed companies and securing compensation, stated that the statute of limitations for *ST Hengjiu securities misrepresentation claims may have only one month remaining, and affected investors can still file lawsuits.
Looking back at the case details, on the evening of June 27, 2025, *ST Hengjiu published an announcement titled "Notice Regarding the Company and Related Parties Receiving an Administrative Penalty Decision." The announcement revealed that the Jiangsu Securities Regulatory Bureau found that *ST Hengjiu's disclosed "2019 Annual Report," "2020 Annual Report," "2021 Semi-Annual Report," and "2021 Annual Report" contained false records. Specifically, in 2019, the company inflated operating revenue and total profit by 14 million yuan each, accounting for 4.43% and 47.48% of the company's disclosed operating revenue and total profit for that period, respectively. In 2020, inflated operating revenue reached 185.6637 million yuan and inflated total profit reached 38.6043 million yuan, representing 38.14% and 103.96% of the disclosed figures. In the first half of 2021, inflated operating revenue and total profit each amounted to 17.5472 million yuan, accounting for 11.86% and 123.56% of the disclosed figures. For the full year 2021, the company inflated operating costs by 13.4874 million yuan and reduced total profit by 13.4874 million yuan, representing 6.07% and 7.49% of the absolute values of disclosed operating costs and total profit, respectively.
According to the Supreme People's Court's judicial interpretation on false statements, when investors' rights and interests are damaged due to securities misrepresentation by listed companies or other entities, investors can legally file lawsuits seeking compensation. The scope of claims includes investment difference losses, commission losses, and stamp duty losses. Lawyer Li Jian indicated that based on the judicial interpretation, a preliminary determination suggests that affected shareholders who purchased *ST Hengjiu stock between April 22, 2020, and November 9, 2023, and held the stock at the close of trading on November 9, 2023, are eligible to seek compensation in accordance with the law. The final eligibility criteria will be subject to court determination.
Investors seeking compensation are required to provide securities account opening information inquiry forms, stock transaction statements (from April 1, 2020, to the present), and contact details.
This article is contributed by lawyer Li Jian from Zhejiang Yufeng Law Firm and does not represent the stance of SINA Finance. Lawyer Li Jian serves as a council member of the Securities Law Research Association of the China Law Society and a securities dispute mediator for the China Securities Association. In 2009, he received the title of "Outstanding Young Lawyer of Zhejiang Province." Since 2003, Lawyer Li Jian has represented investors in winning lawsuits against more than 150 listed companies, including Wuliangye and Dazhihui, achieving significant results. Among these, the Xiangyuan Culture and Zhao Wei case was selected as one of the Top Ten Commercial Cases of People's Courts in 2019, the Hangxiao Steel Structure case was selected as one of the "Top Ten Mediation Cases of National Courts" in 2012, the Huifeng Co. case was the first ordinary representative action for securities disputes in Jiangsu Province, and the Dongfang Electronics case was the first civil compensation case for securities in China. Lawyer Li Jian has been interviewed more than 1,000 times by over 100 media outlets, including CCTV, Xinhua News Agency, Securities Times, Securities Daily, China Securities Journal, People's Court Daily, and China Business Network. His practicing license number is 13301200210145176.
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