Shinjian Shareholders Again Face Legal Action: Veteran Wu Deqing’s educational background remains mysterious, and state-owned ownership fails to reverse the declining trend

On September 8, 2026, Shenjian Co., Ltd. announced that Vice President Wu Deqing had received a “Case Filing Notice” from the Securities Regulatory Commission due to suspected insider trading. As a founding shareholder and technical leader of the company, there were discrepancies in his educational background as disclosed in the prospectus and 2025 annual report. The company’s fundamentals were under pressure; in the first half of 2026, it achieved revenue of 1.158 billion yuan, while its net profit attributable to the parent company was a loss of 31.2039 million yuan, a decrease of 232.24% year-on-year. Previously, the former actual controller Liu Zhijian had entrusted the control rights and voting rights to Wuhu Municipal State-owned Assets Supervision and Administration Commission in July 2025, but the takeover by state-owned assets did not stop the decline in performance. Several senior executives of Shenjian Co., Ltd. have been investigated and fined for insider trading; the full details of this case will be revealed through further investigation by regulatory authorities.