V view of the financial report Zhou Taisheng director Xia Hongchuan was warned that his spouse was s

Mondo Finance Updated on 2024-01-30

Zhongxin Jingwei, December 21 - After the market on the 21st, Zhou Dasheng Jewelry Co., Ltd. (Zhou Dasheng) issued an announcement saying that Xia Hongchuan, director of the company, recently received the "Shenzhen Securities Regulatory Bureau's Decision on Issuing a Warning Letter to Xia Hongchuan" (hereinafter referred to as the "Warning Letter") issued by the Shenzhen Securities Regulatory Bureau.

Screenshot**: Company announcement.

According to the warning letter, after investigation, during Xia Hongchuan's tenure as a director of Chow Tai Sheng, his spouse accumulated 1,000 shares of Chow Tai Sang and sold a total of 3,750 shares of Chow Tai Sheng. The above behavior violates the provisions of Paragraphs 1 and 2 of Article 44 of the ** Law of the People's Republic of China and constitutes a ** transaction.

In accordance with the provisions of the second paragraph of Article 170 of the ** Law of the People's Republic of China, the Shenzhen Securities Regulatory Bureau decided to take regulatory measures against Xia Hongchuan by issuing a warning letter.

According to the announcement, according to the relevant provisions of the "People's Republic of China ** Law", Xia Hongchuan's spouse has handed over the proceeds of this ** transaction to the company. Xia Hongchuan and his relatives apologize for the adverse impact on the company and the market due to this transaction, and this regulatory measure will not affect the company's normal production and operation activities.

Looking back on previous announcements, on June 30, Zhou Dasheng announced that he had recently received the "Statement on the Situation and Apology of My Relatives' **Transaction with Zhou Dasheng**" issued by Xia Hongchuan, the director of the company, and Xia Hongchuan's spouse Zhou Changyun bought and sold the company ** due to misoperation from May 4, 2023 to June 28, 2023, constituting ** transaction.

The profit generated by the trading of Zhou Changyun** is RMB 850, which is calculated as: (the highest price sold in 6 months) * the number of shares traded, that is, (1853-17.68) 1000=850 yuan. The above proceeds were fully handed over to the Company on June 29, 2023.

According to the company's official website, Chow Tai Sang Jewelry Co., Ltd. was established in 1999 and listed on the main board of Shenzhen in May 2017, and is one of the largest jewelry brand operators in China. The main products include diamond-encrusted jewelry and plain gold jewelry.

In terms of finance, the third quarter report of 2023 released by Chow Tai Sheng shows that the company's operating income in the first three quarters was 1249.4 billion yuan, a year-on-year increase of 3981%。Net profit attributable to shareholders of the listed company was 109.5 billion yuan, a year-on-year increase of 1769%。Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 105.4 billion yuan, a year-on-year increase of 2120%。

In the secondary market, as of the 21st**, Chow Tai Sheng rose 065% to 1537 yuan. (Zhongxin Jingwei app).

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