Legal Claims Against *ST Huike Progress as More Investors File Lawsuits

Affected investors can register claims against the company through the investor rights protection platform.

Recently, the securities misrepresentation case against Zhuhai Huijin Technology Co., Ltd. (stock abbreviation: Huijin Technology, *ST Huike, stock code: 300561) has seen further progress.

Li Jian, a lawyer from Zhejiang Yufeng Law Firm, who has successfully represented investors in over 100 listed company cases, stated that this week, his team has submitted litigation materials to the court on behalf of additional investors.

The case dates back to August 23, 2025, when Huijin Technology announced receiving a "Penalty Decision" from the Guangdong Securities Regulatory Bureau. The investigation revealed that the company violated disclosure regulations by failing to report in its 2024 earnings forecast that its adjusted annual revenue fell below 100 million yuan. According to Shenzhen Stock Exchange rules, companies with negative net profit, adjusted net profit, or revenue under 100 million yuan face delisting risk warnings.

Huijin Technology had improperly included 9,037,382.29 yuan from unfulfilled orders in its 2024 revenue, leading to misleading statements in its earnings forecast.

Earlier, on March 30, 2025, the company disclosed receiving a regulatory warning from the Guangdong Securities Regulatory Bureau.

Under China’s judicial interpretations on securities misrepresentation, investors harmed by such actions can seek compensation for losses, including investment differentials, commissions, and stamp duties.

Lawyer Li Jian noted that eligible claimants include investors who purchased *ST Huike shares between January 25, 2025, and March 28, 2025, and held them at the market close on March 28, 2025. Final eligibility is subject to court determination.

Required documentation for claims includes securities account statements, transaction records (from January 1, 2025), and contact details.