Qinshang Optoelectronics' information disclosure violations are facing a crisis of claims from investors. On July 4, lawyer Liu Guohua revealed: "I have received claims inquiries from some shareholders about Qinshang Optoelectronics, and the information was received quickly." Many people in the industry said that due to the two-year statute of limitations, the announcement of investor claims has just begun, and the probability of receiving compensation is relatively high. It is understood that Qinshang Optoelectronics, which is suspended from trading, has been involved in constant scandals and has no shortage of money in its account, but it needs private placement and refinancing. Some analysts believe that additional financing may pay for the "price butcher".
On May 12, 2014, Qinshang Optoelectronics received the "Administrative Punishment Decision" from the Guangdong Supervision Bureau of the China Securities Regulatory Commission. The investigation and trial of the company's information disclosure violations have been completed, and the company and some personnel have been punished accordingly. This means that injured shareholders can obtain compensation through judicial channels.
Disclosure of violations began to lead to claims from shareholders
I saw in a financial stock bar that many lawyers are recruiting shareholders for related claims. Liu Guohua, a lawyer at Guangdong Benben Law Firm, told reporters that he has also received many inquiries from investors regarding claims from Qinshang Optoelectronics, and some information is still being collected. However, he believes that since Qinshang Optoelectronics shareholders’ claims have just begun, it is expected that more shareholders will join the claim team in the future.
Industry insiders said that according to relevant regulations, damaged investors who bought Qinshang Optoelectronics shares before April 2, 2013, and sold or continued to hold the shares after April 2, 2013, all hope to receive compensation.
People are "stunned" that the product price is lower than the cost.
Currently, the stock price of Qinshang Optoelectronics continues to be suspended. The reason is to implement private placement to Li Xuliang and others. The company currently has nearly 1.6 billion yuan in funds on its books. It is not short of money but needs to refinance, which has become the focus of market doubts. Some analysts believe that strange capital operations may pay for the "price butcher".
Using low-price strategies to suppress opponents in order to seize more market share and ultimately form a monopoly is a common method used by powerful companies in many industries in the face of fierce industry competition, and the same is true for the LED lighting industry.
In early June, Qinshang Optoelectronics launched the "Lighting Replacement" wealth creation plan and announced that it would implement an ultra-low-price strategy. After seeing the whistleblower reveal the price of Qinshang's low-price strategy, it is estimated that many people in the industry were "stunned". LED street lights are more than 4 yuan/W, which is lower than the production cost of many companies. Qinshang Optoelectronics is also known as the "price butcher" of the LED industry. Some investors are worried that a sharp price cut may worsen the company's performance.
A source revealed that Qinshang Optoelectronics is very confident in its price reduction sales because the company is "not short of money." The reporter saw from the company's financial data that at the end of the first quarter of this year, Qinshang Optoelectronics' monetary capital was 1.599 billion yuan, basically the same as the same period in 2013, and a significant increase of 27.41% compared to the end of the first quarter of 2012. Moreover, the company's asset-liability ratio is not high, at 30.14% in 2013. In the first quarter of this year, it was 29.60%. Therefore, from a book perspective, Qinshang Optoelectronics is not short of money.
However, the surge in advertising fees and price cuts will increase the consumption of funds. Some insiders speculate that the refinancing of Qinshang Optoelectronics, which has no shortage of money on its books, may pay for the "price butcher". Data show that Qinshang Optoelectronics’ advertising expenses in 2013 were 11.6331 million yuan, a sharp increase of 200.88% compared with 2012.
Event playback
Qinshang Optoelectronics is a company listed on November 25, 2011 that produces and sells LED lighting products. However, after more than a year on the market, at the end of February 2013, Qinshang Optoelectronics came under fire from the media, questioning its performance and customer authenticity, and allegedly concealing some of its relationships. And Qinshang Optoelectronics strongly denied it. However, on April 2, 2013, Qinshang Optoelectronics and its sponsor Guosen Securities issued a verification announcement, admitting that there were related relationships and related transactions between Qinshang Optoelectronics, Patton Lighting and Pinshang Optoelectronics. On May 4, 2013, the China Securities Regulatory Commission announced an investigation into Qinshang Optoelectronics.
One year later, on May 13 this year, Qinshang Optoelectronics announced the investigation results and penalty conclusions of the China Securities Regulatory Commission. The supervisory authorities ordered Qinshang Optoelectronics to make corrections, issued a warning, and imposed a fine of 400,000 yuan; executive Li Xuliang was fined 200,000 yuan. Other executives were also implicated.
PREVIOUS：Aiming at Micro LED, Nitron joins hands with Fucai and AUO to increase layout
NEXT：Application drives industry, Guangdong LED industry grows 30.6% year-on-year
RELATED NEWS
- BOE debuted at ISE2023 International Audiovisual and System Integration Exhibiti 2026-05-23
- Yi Lighting will be listed in Hong Kong on the 29th and plans to place 100 milli 2026-05-23
- Samsung Electronics renews contract with Olympic Committee: sponsorship period e 2026-05-23
- Tianlong Optoelectronics may be suspended for annual turnaround 2026-05-23
- LED will be the protagonist in the next ten years, with semiconductors and autom 2026-05-23
CATEGORIES
PRODUCTS CATEGORIES
LATEST NEWS
CONTACT US
Contact: mack
Phone: +8613352972563
E-mail: mack@archled.net
Add: Building A2, Mingjinhai Second Industrial Zone, Shiyan Street, Baoan, Shenzhen,Guangdong,China
ANNA