As of December 11**, ST Meixun (600898) shares were trading at 2$84 shares. The intraday low touched 282 yuan shares, a new low in the past ten years.
Previously, on the evening of December 6, ST Meixun announced that the company received the "Notice of Case Filing from the China ** Regulatory Commission" issued by the China Securities Regulatory Commission. Due to suspected violations of information disclosure laws and regulations, the CSRC decided to file a case against the company.
The announcement did not explain the specific reason for ST Meixun's filing. Wu Lijun, a lawyer at Shanghai Haihui Law Firm, said that any injured investor who held ST Meixun** on December 6, 2023** may be able to file a claim against the company. Investors who meet the above conditions can register for participation through the official account "Dazhong ** Newspaper" (feature code: 18). The final claim conditions are subject to the court's determination.
According to public information, ST Meixun's main business is the research and development, production and sales of mobile intelligent communication products, including its own brand mobile phones, ODM mobile communication machines, ODM mobile communication motherboards, etc.
Since 2018, ST Misinfo has been losing money for 5 consecutive years. Since the beginning of this year, the company's performance has not improved, and the third quarterly report shows that ST Meixun achieved revenue of 31.37 million yuan in the first three quarters, a year-on-year decrease of 6940%；The net profit attributable to the parent company was -48.74 million yuan, compared with -40.2 million yuan in the same period last year.