Investors who suffered losses in Leo Group Co.,Ltd. (stock code: 002131) are continuing to pursue securities fraud claims, with a new batch of shareholders filing lawsuits this week. The case has progressed as the company faces allegations of making false statements in its financial disclosures.
Attorney Li Jian of Zhejiang Yufeng Law Firm, who has successfully represented investors in lawsuits against more than 130 listed companies, announced that his firm is handling the latest round of filings. The claims stem from Leo Group's revision of its 2025 performance forecast, which was disclosed on April 23, 2026.
The company initially released its 2025 annual performance forecast on January 31, 2026, projecting net profit attributable to shareholders of between 190 million yuan and 250 million yuan, with non-recurring gains and losses excluded net profit between 150 million yuan and 190 million yuan. However, in the revised forecast on April 23, 2026, Leo Group slashed its projected net profit to between 30 million yuan and 45 million yuan, with non-recurring items excluded net profit between 35 million yuan and 50 million yuan. The basic earnings per share estimate also dropped from 0.0281 to 0.0369 yuan per share to 0.0044 to 0.0066 yuan per share.
According to the Supreme People's Court's judicial interpretation on securities misrepresentation, investors whose rights have been damaged due to false statements by listed companies can file lawsuits for compensation. The compensation scope includes investment difference losses, commission fees, and stamp duty taxes. Attorney Li Jian noted that the pre-procedure requirement has been removed under the current interpretation.
Based on the judicial interpretation, the preliminary eligibility period for affected investors is those who bought Leo Group shares between January 31, 2026, and April 23, 2026, and held those shares at the close of trading on April 23, 2026. The final eligibility criteria will be determined by the court. Investors seeking compensation need to provide securities account opening information, stock transaction records from January 1, 2026, onward, and contact details.
This article is contributed by Attorney Li Jian of Zhejiang Yufeng Law Firm. Attorney Li Jian serves as a director of the Securities Law Research Association of the China Law Society and a securities dispute mediator for the Securities Association of China. He was awarded the "Outstanding Young Lawyer of Zhejiang Province" in 2009. Since 2003, Attorney Li has represented investors in winning lawsuits against more than 130 listed companies, including Wuliangye and Dazhihui, achieving significant results. His notable cases include the Xiangyuan Culture and Zhao Wei case, which was selected as one of the top ten commercial cases of the People's Court in 2019, and the Hangxiao Steel Structure case, which was selected as a national court mediation model case in 2012. Attorney Li has been interviewed by over 100 media outlets, including CCTV, Xinhua News Agency, Securities Times, Securities Daily, China Securities Journal, People's Court Daily, and China Business News, with more than 1,000 interviews.
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