ST Derun: For suspected violations of information disclosure laws and regulations, the Shenzhen Securities Regulatory Bureau issued penalties to the company and actual controllers including Qiu Jianmin.

K-LinePoet · 2026-04-05T13:32:55+00:00

ST Derunyin was penalized by the Shenzhen Securities Regulatory Bureau for information disclosure violations. The company falsely reported a repayment amount of 530 million yuan, with a total fine of 7 million yuan. The actual controller, Qiu Jianmin, and others were also fined and banned from the market for 5 years.

K-LinePoet

2026-04-05 13:32:55

Abstract generation in progress

ST De Run announcement: The company and its actual controller, Qiu Jianmin, received an “Administrative Penalty Decision” issued by the Shenzhen Securities Regulatory Commission, due to suspected violations of laws and regulations related to information disclosure. After an investigation, it was found that De Run Electronics engaged in false record-keeping during the period from 2020 to 2022, fabricating the amounts of payments received of 395 million yuan, 113 million yuan, and 26.8369 million yuan, which resulted in false record-keeping in the annual reports and the semiannual reports. The Shenzhen Securities Regulatory Commission decided to issue a warning to the company and impose a fine of 7 million yuan; to warn Qiu Jianmin and impose a fine of 12 million yuan; to warn Qiu Yang and impose a fine of 2 million yuan; and to warn Rao Qi and impose a fine of 1.5 million yuan. At the same time, it adopted a five-year prohibition from the securities market against Qiu Jianmin.

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