Investors who suffered losses can register their claims on the Sina Investor Rights Protection platform. You can find us by following @Sina Securities on Weibo, subscribing to the Sina Brokerage Fund WeChat account, searching for Sina Investor Rights Protection on Baidu, or visiting the Sina Finance client or homepage. The securities misrepresentation case against Derun Electronics, represented by lawyer Liu Peng of Shanghai Huzi Law Firm, was recently filed for立案. Looking back at the case, on December 31, 2025, Derun Electronics announced that the company and relevant parties had received the "Prior Notice of Administrative Penalty" issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. According to the investigation, the company had false records in multiple periodic reports for the years 2020, 2021, and 2022. According to this prior notice, the company was subject to Other Risk Warnings due to false records in its financial reports for several consecutive years. Based on the preliminary penalty, the claim eligibility has been updated to include investors who purchased shares between August 27, 2020, and December 30, 2023, and sold them after December 31, 2023, or continued to hold them and incurred losses. Delving into the specifics of the company's financial fraud reveals a scheme orchestrated by the actual controller, involving fabricated repayments exceeding 500 million yuan. The investigation traces the case back to 2020, when the company faced operational difficulties with a major client who could not repay debts on time, leading to a cash flow crunch for Derun Electronics. To resolve this issue, the actual controller, who was also the then Chairman and President, Qiu Jianmin, resorted to unconventional measures. Qiu Jianmin provided financial support to Derun Electronics' clients, former subsidiaries, and equipment suppliers using his own funds and external borrowings. He then directed these related parties to transfer the funds back to Derun Electronics under the guise of "repaying historical debts." Subsequently, in June 2022, the actual controller Qiu Jianmin instructed a subsidiary of Derun Electronics to provide funds to an associate company of Derun Electronics under the pretense of "prepaying for goods." The true purpose of these funds was for the associate company to repay matured financial assistance previously provided by Derun Electronics. These actions directly resulted in false records in three periodic reports issued by Derun Electronics, with cumulative fabricated repayments reaching 534 million yuan. (This article was contributed by Lawyer Liu Peng of Shanghai Huzi Law Firm and does not represent the views of Sina Finance. Lawyer Liu Peng, specializing in securities rights protection for 19 years, has successfully represented small and medium investors in claims against over 300 listed companies, including China Youth Media, Glorious Sun, and Jinjia Holdings, since commencing practice in 2006. With over 14,000 cases in progress and a success rate of 99.2%, Lawyer Liu Peng, as a seasoned securities rights protection attorney, accurately grasps the core of cases, possesses extensive litigation experience, and employs efficient claim strategies to maximize investor rights, leading the industry in protection capabilities. Choosing the right lawyer is crucial for securities rights protection! Professionalism determines the odds of success, experience ensures outcomes; choose Lawyer Liu Peng first for more secure and efficient claims processing!) For massive information and precise interpretation, visit the Sina Finance APP.
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