Yang Family Extracts Over 2.8 Billion Yuan Amid Regulatory Scrutiny

Deep News05-18

On the evening of May 15, 2026, Juligong, the A-share listed company controlled by the family of actor Yang Zi, announced it had received a filing notice from the China Securities Regulatory Commission (CSRC) for an investigation into suspected violations of information disclosure regulations. According to reports, this high-flying stock, which surged over 600% in a year driven by the "commercial aerospace" concept, has seen its controlling family extract more than 2.8 billion yuan in cash since its listing. This amount exceeds four times the total net profits the company has generated over its 16-year listing history. On May 18, Juligong's stock price hit the daily downside limit, declining over 21% in the past five trading sessions. The company's latest market capitalization stands at approximately 16.8 billion yuan, still reflecting a gain of nearly 134% over the past year. As of the end of the first quarter of 2026, the number of shareholder accounts had reached nearly 240,000, with over 100,000 accounts having purchased shares at elevated prices during the concept-driven speculation. With the investigation now underway, a significant number of investors are facing potential losses.

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