Shuangliang Eco-Energy Systems Co.,Ltd. (600481) announced on the evening of April 3, 2026, that it had received a "Decision on Administrative Penalty" issued by the Jiangsu Bureau of the China Securities Regulatory Commission. A securities claim lawyer has indicated that with this development, the facts of Shuangliang Eco-Energy's misrepresentation violation are now clear, allowing both stock and bond investors to file for compensation.
On April 1, 2026, a claim case for investors of Shuangliang Eco-Energy (600481), represented by a lawyer, was submitted again to the Nanjing Intermediate People's Court for case filing. This was not the first submission, and the case is currently awaiting the court's next steps. The legal team is simultaneously continuing to advance the filing of subsequent cases and is still accepting mandates for claims from other investors.
The announced penalty decision information reveals that, upon investigation, Shuangliang Eco-Energy was found to have committed the following violations: Since its listing, Shuangliang Group has been the controlling shareholder of Shuangliang Eco-Energy.
At 13:02 on February 12, 2026, the "Shuangliang Group" WeChat official account published an article titled "Shuangliang Eco-Energy Secures Another Overseas Order, Aiding Commercial Aerospace Space Exploration." At 13:25, the "Shuangliang Eco-Energy" WeChat official account published an article with the same title and content.
The article stated that Shuangliang Eco-Energy had successively obtained three overseas orders, totaling 12 high-efficiency heat exchanger units, which would be used for the fuel production system supporting the expansion of the SpaceX Starship launch base. It claimed this was a subsequent application of the product at the SpaceX Starship launch base following prior cooperation, fully demonstrating the overseas client's high trust in the reliability of Shuangliang Eco-Energy's products. Due to internal information transmission issues, the articles were not published simultaneously on the "Shuangliang Group" and "Shuangliang Eco-Energy" WeChat official accounts as planned and customary.
At 13:05 on February 12, 2026, Shuangliang Eco-Energy's stock price began to rise rapidly, and by 13:26, it hit the daily limit-up.
At 17:20 on February 12, 2026, Shuangliang Eco-Energy released an "Explanatory Announcement on Overseas Orders," disclosing that the total value of the three orders mentioned in the WeChat article was approximately 13.923 million yuan, accounting for about 0.11% of the company's audited operating revenue for 2024, and therefore had no significant impact on its operating performance. The company clarified it did not cooperate directly with SpaceX and was a non-exclusive indirect supplier for the project. It also noted that obtaining related orders is significantly influenced by the construction and capacity expansion plans of commercial aerospace projects, and there is uncertainty regarding future orders.
On February 13, 2026, Shuangliang Eco-Energy's stock price opened at the daily limit-down. Previously, on February 12, 2026, the Shanghai Stock Exchange had issued a "Decision to Issue a Regulatory Warning to Shuangliang Eco-Energy Systems Co., Ltd. and Relevant Responsible Persons."
Based on the above violations and in accordance with securities law, it is considered that investors who purchased Shuangliang Eco-Energy stocks or bonds between 13:02 on February 12, 2026, and the market close on February 12, 2026, are now eligible to initiate claims for compensation.
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