Investors who have suffered losses can register their claims through the Sina Investor Rights Protection platform. The securities misrepresentation case against Shenzhen Derun Electronics Co., Ltd. (stock abbreviation: Derun Electronics, ST Derun, stock code: 002055) is progressing, with a new group of plaintiffs submitting litigation materials to the court, according to Li Jian, an attorney representing the investors.
The case originates from an announcement made by Derun Electronics on the evening of December 31, 2025, regarding the receipt of a prior notice of administrative penalties. The Shenzhen Securities Regulatory Bureau investigation found the company allegedly committed the following violations: From 2020 to 2021, due to financial difficulties of its major clients, Derun Electronics faced cash flow pressure. Qiu Jianmin, the actual controller and then chairman/president, used personal funds and external loans to provide financial support to clients, former subsidiaries, and equipment suppliers, enabling them to repay historical debts to Derun. Qiu did not disclose the true source of these funds to the company, leading to falsely recorded repayments of 394.58 million yuan in 2020 and 112.96 million yuan in 2021, understated credit impairment losses of 371.15 million yuan and 66.39 million yuan, and understated capital reserves of 321.32 million yuan and 434.28 million yuan for the respective years. In June 2022, Qiu directed a subsidiary to indirectly provide funds to an associate company via advance payments for goods, which were used to repay financial assistance due to Derun, resulting in 26.84 million yuan of falsely recorded repayments and 5.06 million yuan of understated credit impairment losses for the first half of 2022.
These actions caused false records in Derun's 2020 and 2021 annual reports, as well as its 2022 semi-annual report. A document related to a private share placement issued on January 11, 2022, also contained false data referenced from these reports. On April 29, 2024, the company announced corrections for these prior accounting errors.
The regulatory authority proposed penalties including a warning and a 7 million yuan fine for Derun Electronics, a warning and a 12 million yuan fine for Qiu Jianmin, along with a five-year ban from the securities market, and warnings and fines for other responsible individuals.
Under judicial interpretations, investors who suffered losses due to such misrepresentation can claim compensation for investment balance losses, commissions, and stamp taxes. Attorney Li Jian stated that investors who purchased Derun Electronics shares between August 27, 2020, and December 29, 2023, and still held them at the market close on the latter date may be eligible to file claims, subject to court determination. Claimants need to provide securities account information, transaction records from August 1, 2020, onward, and contact details.