Investors who suffered losses in Fuheng New Materials may register their claims on the Sina investor rights protection platform at http://wq.finance.sina.com.cn. You can also find us by following @Sina Securities, following Sina Brokerage Fund on WeChat, searching "Sina Investor Rights Protection" on Baidu, or visiting the Sina Finance app or Sina Finance homepage.
On April 29, 2026, Fuheng New Materials (stock code: 920469) published an announcement titled "Announcement on Correction of Prior Period Accounting Errors and Correction of Periodic Reports." The company stated that on February 25, 2026, it received an "Administrative Regulatory Measures Decision Letter" issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. Following an investigation, it was found that certain figures regarding revenue, accounts receivable, costs, and inventory for the years 2023 and 2024 were inaccurate. The company has conducted a comprehensive review of the specific inaccuracies in revenue, accounts receivable, costs, and inventory, and has corrected the relevant accounting error items in accordance with the relevant provisions of the Accounting Standards for Business Enterprises. In accordance with applicable regulations, the company made accounting error corrections to the relevant financial data in its 2023 and 2024 annual reports and their summaries, its 2024 semi-annual and 2025 semi-annual reports and their summaries, and its 2025 third quarter report. On April 29, 2026, Fuheng New Materials also published an "Announcement Regarding the Company's Receipt of an Administrative Regulatory Measures Decision Letter."
Because Fuheng New Materials is suspected of information disclosure violations, it has been placed under administrative regulation by the China Securities Regulatory Commission. To safeguard the lawful rights and interests of securities investors, Attorney Song Yixin of Shanghai Hanlian Law Firm has launched a litigation representation solicitation for securities investors who previously purchased Fuheng New Materials. He is representing investors in compensation lawsuits. Securities investors whose rights and interests have been harmed may register compensation claims with the aforementioned attorney.
Attorney Song Yixin believes that the compensation conditions for the Fuheng New Materials case are as follows: investors who purchased Fuheng New Materials shares, bonds, or other publicly issued securities market products between April 26, 2024 and April 28, 2026, and who sold or continued to hold them on or after April 29, 2026, and suffered losses, may register for compensation claims.
Attorney's Notes and Explanations Regarding This Case
1. The compensation conditions indicated above are for reference only and do not constitute any securities investment decision or securities trading advice for investors. The final conditions for compensation will be further adjusted based on the conclusions of the China Securities Regulatory Commission's administrative penalty, and will be subject to the legal timing, compensation recipients, compensation scope, compensation standards, and accounting calculation methods determined by the final effective judgment of the relevant court.
2. After the removal of the precondition characterized by an administrative penalty decision, although investors may file lawsuits directly, due to limited investigative means, filing a lawsuit based on a notice of case investigation or an administrative regulatory measures decision as the basis for direct litigation carries the risk of losing. Therefore, as a professional attorney, I remind investors that an administrative penalty decision should still remain one of the necessary prerequisites for initiating litigation.
3. In a proposed civil tort lawsuit, whether the listed company is delisted or not does not affect the progress of the civil compensation tort litigation, but it may affect the pace of the litigation. Entering bankruptcy proceedings (including reorganization, pre-reorganization, or liquidation) may have a greater impact on the pace of litigation. If a representative action occurs, you may choose to participate or not, join or withdraw.
4. Investors registering or pre-registering for compensation claims should provide the following materials: (1) A photocopy of the ID card. (2) The original "Securities Account Opening Information Confirmation Form" for various securities accounts, including the One-Code Pass, stamped with the seal of the securities company's business department. (3) The original "Securities Trading Record Statement" from the first purchase of the stock/bond/warrant to the present, stamped with the seal of the securities company's business department.
Attorney Song Yixin's Profile
He has practiced law since 1992 and is currently a partner at Shanghai Hanlian Law Firm. His service areas mainly include legal services for capital markets, securities markets, and financial markets, as well as the protection of investors' and financial consumers' rights and interests. Since beginning practice, he has provided legal services for more than 10,000 securities litigation matters or shareholder dispute matters. He has authored and edited books including "Principles and Practice of Securities Law," "Practical Manual for Securities Civil Compensation," "Stock Market Rights Protection," "Compilation of Judicial Judgment Documents in China's Securities Civil Compensation Cases," and "Directors' Liability Insurance and Protection of Investor Rights."
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