On August 23, 2025, Sgsg Science&Technology Co.,Ltd. Zhuhai (stock code: 300561) issued an "Announcement on the Company and Related Parties Receiving Administrative Penalty Decision."
Following investigation by the Guangdong Bureau of the China Securities Regulatory Commission (CSRC), Sgsg Science&Technology Co.,Ltd. Zhuhai was found to have engaged in suspected illegal information disclosure violations: In the 2024 annual performance forecast disclosed on January 24, 2025, the company only disclosed that net profit for the reporting period was negative, but failed to disclose that the company's 2024 annual operating revenue after deductions was less than 100 million yuan.
According to Article 10.3.1 of the "Shenzhen Stock Exchange ChiNext Stock Listing Rules" (Shenzhen Stock Exchange [2024] No. 340), if a listed company's audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent accounting year are all negative (whichever is lowest), and operating revenue after deductions is below 100 million yuan, the exchange will implement delisting risk warning.
In December 2024, Sgsg Science&Technology Co.,Ltd. Zhuhai included 9,037,382.29 yuan in unexecuted order amounts into its 2024 annual operating revenue. After excluding this amount, the company's 2024 annual operating revenue was less than 100 million yuan, making the company's 2024 performance forecast contain misleading statements. Therefore, the Guangdong CSRC Bureau decided to issue warnings to Sgsg Science&Technology Co.,Ltd. Zhuhai and related responsible personnel, along with respective fines.
Previously, on March 31, 2025, Sgsg Science&Technology Co.,Ltd. Zhuhai issued an "Announcement on the Company and Related Personnel Receiving Warning Letters from Guangdong CSRC Bureau." The Guangdong CSRC Bureau found the following violations: On January 24, 2025, the company disclosed its "2024 Annual Performance Forecast," revealing a net loss of 14.5-19.8 million yuan without disclosing operating revenue information. On March 28, 2025, the company disclosed a "2024 Annual Performance Forecast Correction Announcement," expecting 2024 operating revenue of 89.25-94.2 million yuan and net loss of 17.2-22.2 million yuan, while also disclosing a "Risk Warning Announcement Regarding Possible Delisting Risk Warning for Company Stock."
On July 5, 2025, Sgsg Science&Technology Co.,Ltd. Zhuhai issued an "Announcement on Receiving CSRC Case Filing Notice." On August 9, 2025, the company issued an "Announcement on the Company and Related Parties Receiving Administrative Penalty Prior Notice."
According to the Civil Code, Securities Law, and Supreme People's Court judicial interpretations regarding civil compensation for false statements, listed companies, controlling shareholders, actual controllers, directors, supervisors, senior executives, and intermediary institutions that cause damage to securities investors' rights through securities fraud such as false statements shall bear civil compensation liability. The scope of compensation includes investment differentials, commissions, stamp taxes, and interest losses. Securities investors whose rights have been damaged may file civil compensation lawsuits with competent courts.
Since Sgsg Science&Technology Co.,Ltd. Zhuhai is suspected of illegal information disclosure violations and has been penalized by the CSRC, to protect the legitimate rights and interests of securities investors, lawyer Song Yixin from Shanghai Hanlian Law Firm has initiated litigation representation solicitation for securities investors who previously purchased Sgsg Science&Technology Co.,Ltd. Zhuhai securities, representing investors in compensation lawsuits.
Lawyer Song Yixin believes that the compensation conditions for the Sgsg Science&Technology Co.,Ltd. Zhuhai case are: Damaged investors who purchased Sgsg Science&Technology Co.,Ltd. Zhuhai stocks, bonds, or other publicly issued securities market products between January 24, 2025, and March 27, 2025, and sold or continued to hold them on or after March 28, 2025, may register for compensation claims.
**Lawyer's Reminders and Explanations for This Case:**
1. The above compensation conditions are for reference only and do not involve any securities investment decisions or securities trading recommendations. Final compensation conditions will be further adjusted based on CSRC administrative penalty conclusions and determined by the legal time points, compensation targets, scope, standards, and accounting calculation methods recognized by relevant courts' final effective judgments.
2. Although investors can file lawsuits directly after the cancellation of prerequisites characterized by administrative penalty decisions, due to limited investigation means, using case filing notices or administrative regulatory measures as bases for direct litigation carries risks of losing the case. As a professional lawyer, I remind investors that administrative penalty decisions should still be considered one of the necessary prerequisites for filing lawsuits.
3. In proposed civil tort litigation cases, whether the listed company is delisted does not affect the progress of civil compensation tort litigation, but may impact litigation progress. Entry into bankruptcy procedures (including restructuring, pre-restructuring, or liquidation) is more likely to significantly affect litigation progress. If representative litigation occurs, you may choose to participate or not, join or withdraw.
4. Investor compensation registration or pre-registration should provide the following materials: (1) Copy of ID card. (2) Original "Securities Account Opening Information Confirmation" (stamped with securities company branch seal). (3) Original "Securities Trading Record Statement" from first purchase of the stock/bond/warrant to present (stamped with securities company branch seal).
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