Affected shareholders can register their claims through the Sina investor rights protection platform, or by following Sina Finance's official channels for further assistance.
Shanghai Jiucheng Law Firm's securities claims lawyer Xu Feng has issued a reminder that the false statement investor compensation case against Shenzhen Deren Electronic Co.,Ltd. (002055) has entered its final four-month statute of limitations countdown.
Cases filed by lawyer Xu Feng on behalf of Deren Electronics investors have previously received court acceptance on multiple occasions. The legal team is currently awaiting the court's next procedural steps while simultaneously continuing to push forward with filing additional cases and accepting new compensation mandates from other affected investors.
On March 27, 2026, Deren Electronics announced it had received an Administrative Penalty Decision from the Shenzhen Securities Regulatory Bureau. The investigation revealed the following violations: First, during 2020 and 2021, due to financial difficulties faced by major customers who were unable to repay their debts, the company's cash flow became strained. The actual controller, then-chairman and president Qiu Jianmin provided financial support through personal funds and external borrowings to the company's customers, former subsidiaries, and equipment suppliers, enabling these entities to repay historical debts owed to Deren Electronics. Qiu Jianmin failed to report the actual source of these funds to the company, resulting in Deren Electronics fabricating RMB 394,584,426.91 and RMB 112,960,100 in recovered payments for 2020 and 2021 respectively. This also led to understated credit impairment losses of RMB 371,151,433.40 and RMB 66,393,093.51, as well as understated capital reserves of RMB 321,316,487.76 and RMB 434,276,587.76.
Second, in June 2022, Qiu Jianmin coordinated a subsidiary to indirectly provide funds to an associate company through advance payment arrangements, which were used to repay financial assistance owed to Deren Electronics upon maturity. This resulted in the company fabricating RMB 26,836,923.99 in recovered payments for the first half of 2022, with understated credit impairment losses of RMB 5,060,996.46. These actions caused the company's 2020 annual report, 2021 annual report, and 2022 semi-annual report to contain false records. On January 11, 2022, after completing a private placement, Deren Electronics disclosed its Non-Public Offering A-Share Issuance Report and Listing Announcement, which cited the 2020 annual report and financial data from January to September 2021, both of which contained false records.
Xu Feng, director of Shanghai Jiucheng Law Firm who specializes in stock claims litigation, believes that investors who purchased Deren Electronics shares between August 27, 2020 and December 30, 2023, and either sold or continued to hold those shares after December 30, 2023, may still file compensation claims at this time.
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