Hengxin Dongfang and several senior executives receive a 12.5 million yuan penalty, rights protection collection begins

MaticHoleFiller · 2026-04-10T12:07:33+00:00

Hengxin Dongfang was penalized by the China Securities Regulatory Commission for false records in the 2022 financial report, with a fine of 5 million yuan, and related senior executives were also given warnings and fines. Affected investors can register within a specified period to participate in rights protection and claims, with lawyers offering full-risk agency services.

MaticHoleFiller

2026-04-10 12:07:33

Abstract generation in progress

（Source: Caixin News）

          Users who buy Hengxin Dongfang before the market close from April 28, 2023, to October 24, 2024, and still hold the stock at the close on October 24, 2024, are eligible to register for rights protection and claim compensation.

Hengxin Dongfang (300081.SZ) recently announced that the company and relevant parties received the “Administrative Penalty Notice of Prior Notice” (No. [2026]4) issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission on April 3.

According to investigations, in 2022, Hengxin Dongfang engaged in computing power system integration and technical services with Creative Information Technology Co., Ltd. (hereinafter referred to as Creative Information) and Nobi Kan Artificial Intelligence Technology (Chengdu) Co., Ltd. (hereinafter referred to as Nobi Kan), selling servers and related software to Creative Information and software to Nobi Kan. When Hengxin Dongfang was involved in Creative Information’s business and part of Nobi Kan’s business (hereinafter referred to as the involved businesses), it did not have control over the goods. Despite knowing the transaction model of the involved businesses, it still used the total amount method to recognize revenue, which does not comply with Article 34 of the “Enterprise Accounting Standard No. 14—Revenue” (Cai Kuai [2017]22). This led to false disclosures in Hengxin Dongfang’s 2022 annual report, with an inflated operating income of 181.6114 million yuan, accounting for 37.12% of the disclosed operating income for that period. On October 25, 2024, the company disclosed a “Explanation of Corrections to Previous Errors” to amend the relevant financial data.

The Beijing Securities Regulatory Bureau stated that Hengxin Dongfang is suspected of violating the provisions of Article 78, Paragraph 2 of the “Securities Law of the People’s Republic of China” (hereinafter referred to as the “Securities Law”), constituting an information disclosure violation as described in Article 197, Paragraph 2 of the Securities Law. Hengxin Dongfang was given a warning and fined 5 million yuan.

Meanwhile, Meng Nan, then Chairman and General Manager of Hengxin Dongfang; Chen Wei, then Deputy General Manager; Wang Linhai, then Chief Financial Officer; and Li Xiaobo, then Deputy General Manager, were all given warnings and fined 2.5 million yuan, 2.3 million yuan, 2 million yuan, and 700k yuan, respectively.

Additionally, Hengxin Dongfang’s stock will be subject to an “Other Risk Warning” starting from the market opening on Wednesday, April 8, 2026. The stock abbreviation will change from “Hengxin Dongfang” to “ST Hengxin,” but the stock code remains “300081.”

Rights protection and compensation collection officially begins:

According to the “Securities Law” and the “Supreme People’s Court’s Several Provisions on the Civil Compensation Cases Arising from False Statements in the Securities Market,” listed companies that cause investor rights and interests to suffer due to false statements should bear civil compensation liability.

Platform rights protection lawyers believe that the rights protection collection period for Hengxin Dongfang (300081.SZ) is:

Users who buy the stock between April 28, 2023, and before the market close on October 24, 2024, and still hold it at the close on October 24, 2024, can register for rights protection and claim compensation.

Required fee: Full-risk lawyer agency, no fees charged to investors before they receive compensation.

Required materials: During registration, you only need to provide basic information. After approval of your registration, you will receive an SMS guiding you to connect with a lawyer. Please prepare the materials according to the lawyer’s instructions and mail them to the law firm’s address.

Materials include account statements, account proof, power of attorney, etc. These can be prepared in just half a day. The lawyer will handle subsequent matters, and you do not need to appear in person.

Rights protection registration portal: Click to register

For questions about rights protection, see the rights protection guide: Click to view

Investors can search for “Rights Protection Platform” on the Tonghuashun APP to find the registration portal and participate in claims.

Claim-related inquiries

Customer Service Phone: 952555

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