Investors who have suffered losses can register their claims on the relevant platform. On May 28, 2026, Shanghai Jiucheng Law Firm's securities litigation lawyer Xu Feng filed another batch of investor compensation cases against Zuojiang Technology (300799) with the Beijing Financial Court, related to allegations of false disclosure.
The legal team has indicated that there are already precedents of investors winning compensation in lawsuits against Zuojiang Technology. Lawyer Xu Feng's team has submitted multiple batches of cases for filing and is currently awaiting the court's next steps. The team continues to advance the filing of subsequent cases and is still accepting mandates from other investors.
On February 11, 2025, Zuojiang Technology announced it had received the "Administrative Penalty Decision" from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC). The investigation found the following illegal facts:
In December 2022, Zuojiang Technology's controlling subsidiary, Chengdu Beizhong Wangxin Technology Co., Ltd., signed a chip sales contract with Beijing Haotian Xuhui Technology Co., Ltd., selling 400 network data processing chips for 12.61 million yuan. These chips were subsequently resold by Haotian Xuhui to Beijing Juxian Technology Trade Company for 13 million yuan. The investigation revealed that this business activity was organized and implemented by Guo Tianyi, the son-in-law of Zuojiang Technology's Chairman Zhang Jun and a company investor relations specialist. The funds used by Juxian Technology to purchase the chips were primarily arranged by Guo Tianyi, and effective control of the chips was not actually transferred to Juxian Technology. In January 2023, Chengdu Beizhong Wangxin recognized revenue from this chip transaction.
Through this fabricated business, Zuojiang Technology falsely increased its operating revenue and profit. This led to the company's Q1 2023 report, interim report, and Q3 2023 report all containing inflated operating revenue of 11.1593 million yuan and inflated profit of 10.7102 million yuan. The inflated revenue accounted for 77.33%, 48.50%, and 33.09% of the total operating revenue disclosed in the respective reports, while the inflated profit accounted for 29.36%, 13.66%, and 8.24% of the total profit disclosed. Consequently, Zuojiang Technology's Q1 2023 report, interim report, and Q3 2023 report contained false records.
Xu Feng, a lawyer specializing in securities compensation cases, believes that based on prior successful investor judgments, investors who purchased Zuojiang Technology stock between April 28, 2023, and December 2, 2023, and sold or continued to hold the stock after December 2, 2023, may still initiate compensation claims.