Shenyang Chemical has made financial fraud for many years and faces penalties from the China Securities Regulatory Commission. Qualified shareholders can claim for losses!

On October 1, 2025, Shenyang Chemical Co., Ltd. issued the "Announcement on Receiving Prior Notice of Administrative Punishment from the Liaoning Regulatory Bureau of the China Securities Regulatory Commission." Due to Shenyang Chemical's false financial reports for many years, the China Securities Regulatory Commission plans to decide to impose administrative penalties on it, and qualified shareholders can claim for losses! Lawyer Chen Yuxia reminded that investors who bought Shenyang Chemical shares between March 21, 2019 and April 28, 2023, and continued to hold or sell losses after April 29, 2023 have the right to claim relevant investment losses from Shenyang Chemical. (The specific claim conditions shall be subject to those determined by the court).
After investigation, the China Securities Regulatory Commission determined that from 2018 to 2021, Shenyang Wax Chemical Co., Ltd.(hereinafter referred to as Shenyang Wax Chemical), a wholly-owned subsidiary of Shenyang Chemical, in order to meet management and assessment requirements, artificially adjusted the production input quantity of raw materials during the cost accounting process., the quantity of semi-finished products and finished products, and the method of delaying the confirmation of inventories inflated (inflated) operating costs, inflated (inflated) total profits, and inflated inventories. The above behavior led to suspected false records in Shenyang Chemical's annual report from 2018 to 2021.
Among them, the "2018 Annual Report" falsely reduced operating costs by 129,914,310.43 yuan, inflated total profits by 129,914,310.43 yuan, accounting for 80.44% of the total profits disclosed in the current period, inflated inventories by 509,093,316.68 yuan, accounting for 5.57% of the total assets disclosed in the current period, inflated prepayments by 341,572,381.06 yuan, and inflated accounts payable by 297,435. 246.05 yuan; The "2019 Annual Report" falsely reduced operating costs by 204,499,039.16 yuan, falsely increased total profits by 204,499,039.16 yuan, accounting for 29.40% of the absolute value of the total profits disclosed in the current period, falsely reduced inventories by 95,200,598.29 yuan, accounting for 1.07% of the total assets disclosed in the current period, falsely increased prepayments by 4,906,840.59 yuan, and falsely reduced accounts payable by 424,707, 107.30 yuan; The "2020 Annual Report" falsely reduced operating costs by 104,227,790.91 yuan, falsely increased total profits by 104,227,790.91 yuan, accounting for 19.14% of the total profits disclosed in the current period, falsely reduced inventories by 586,977,348.95 yuan, accounting for 5.61% of the total assets disclosed in the current period, and falsely increased prepayments by 1,025,618,489.46 yuan; The "2021 Annual Report" inflated operating costs by 147,757,481.31 yuan, inflated total profits by 147,757,481.31 yuan, accounting for 70.11% of the total profits disclosed in the current period, and inflated inventories by 290,883,659.19 yuan, accounting for 2.88% of the total assets disclosed in the current period.
The above-mentioned behavior of Shenyang Chemical is suspected of violating Articles 63 and 66 of the Securities Law (2005) and Article 78, paragraph 2, and Article 79, paragraph 1, of the Securities Law, and constitutes an illegal act described in Article 193, paragraph 1, of the Securities Law (2005) and Article 197, paragraph 2, of the Securities Law.
In view of the above-mentioned illegal activities of Shenyang Chemical, the China Securities Regulatory Commission plans to decide to impose a warning and a fine of 7 million yuan on Shenyang Chemical, and impose a warning and a fine ranging from 1 million yuan to 3.5 million yuan on relevant responsible persons. Another person was banned from entering the securities market for 8 years, and one person was banned from entering the securities market for 5 years.
In accordance with the provisions of relevant laws and regulations, investors shall be liable for compensation for investment losses caused by false statements of securities of listed companies.
According to the determination of the China Securities Regulatory Commission, investors who bought Shenyang Chemical shares between March 21, 2019 and April 28, 2023, and continue to hold or sell losses after April 29, 2023 have the right to claim relevant investment losses from Shenyang Chemical. (Shenyang Chemical Rights Protection Entrance)
The above claim conditions only represent the views of lawyer Chen Yuxia and are not used as any investment decision or trading advice. The claim conditions determined by the court will ultimately govern.
Shareholders participating in stock claims need to prepare materials;
1. Stock transaction statement (if the complete ID number is not displayed on the statement, a separate shareholder information form needs to be printed; the reconciliation period is from the first purchase to the complete sale (or the day when the statement is printed)
If a lawyer is entrusted to represent him, this type of case is generally a risk agency. No fees will be charged in the early stage. After winning the case, the lawyer fee will be paid according to a certain percentage of the compensation. No lawyer fee will be paid if there is no compensation.(Chen Yuxia's lawyer column)
(This article was contributed by lawyer Chen Yuxia of Beijing Yingke (Hangzhou) Law Firm and does not represent Sina Finance's views. Lawyer Chen Yuxia, a lawyer at Beijing Yingke (Hangzhou) Law Firm, has successfully represented shareholders in lawsuits against dozens of listed companies such as Chaohua Technology, Shenglaida,Sanfangxiang Lane,Yijing Optoelectronics, Tianxiang Environment, Xiangyuan Culture,Zhongbing Hongjian,Zhangzidao, Changyuan Group,Soling, Zhongrun Resources, Yan 'an Bikang,Dadongnan,Lianjian Optoelectronics,etc.)