STAR Market Additive Manufacturing Firm Under Investigation for Disclosure Violations, Investor Claims Against Xi'An Bright Laser Technologies Co.,Ltd. Now Being Collected

Deep News10-12

Damaged investors may register their claims against the company through the Sina investor rights protection platform. On January 1, 2026, Xi'An Bright Laser Technologies Co.,Ltd. (SHA: 688333) issued an announcement disclosing that the company had received a "Notice of Case Filing" from the China Securities Regulatory Commission on December 31, 2025, and that the CSRC had decided to open an investigation into the company on suspicion of information disclosure violations.

This case involves a STAR Market high-end equipment listed company being placed under investigation. The investigative procedures are still ongoing, and no formal administrative penalty decision has yet been issued. During the investigation period, the company stated that its production and operations remain normal and that it will cooperate with the regulatory investigation.

Based on the company's disclosed 2026 semi-annual report, revenue for the period reached 770 million yuan, up 15.46% year-on-year, while net profit attributable to shareholders was 51.139 million yuan, down 32.99% year-on-year. The decline in profit was mainly due to increased research and development and sales expenses, combined with bad debt provisions on accounts receivable, exchange losses, and rising interest expenses. At the end of the period, total assets stood at 9.202 billion yuan, net assets attributable to shareholders were 5.243 billion yuan, and net cash flow from operating activities was -174 million yuan, indicating that the company remains in a phase of capacity expansion investment.

According to the Securities Law and relevant judicial interpretations, listed companies that cause losses to investors through false statements should bear civil compensation liability. Currently, the legal team of lawyer Liu Jia from Shanghai Jiayu Li Law Firm has tentatively set the claim conditions as follows: investors who purchased shares of Xi'An Bright Laser Technologies Co.,Ltd. (SHA: 688333) on or before December 31, 2025, and who sold or still held shares on or after January 1, 2026, incurring losses.

To effectively reduce the burden on investors seeking rights protection, lawyer Liu Jia's team implements a "compensation first, payment later" contingency fee mechanism. No legal fees need to be advanced upfront, and settlement is made proportionally only after funds are successfully recovered, making rights protection more reassuring and hassle-free. Eligible investors may register their claims in accordance with the law to recover their investment losses.

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