Shuangliang Energy Saving and its controlling shareholder Shuangliang Group officially received a fine from the regulatory authorities because they claimed on their WeChat public account that they had a cooperative relationship with SpaceX.Last night, Shuangliang Energy Saving announced that the company and Shuangliang Group received the "Advance Notice of Administrative Penalties" issued by the Jiangsu Supervision Bureau of the China Securities Regulatory Commission.
The regulatory agency determined that Shuangliang Energy Saving, Shuangliang Group and relevant responsible persons were fined a total of 13 million yuan due to illegal disclosures such as misleading statements.
It is understood that Shuangliang Energy Saving was founded in 1982 and listed on the Shanghai Stock Exchange in 2003. The company's business segments include energy-saving and water-saving equipment, new energy equipment, and photovoltaic products.
On the afternoon of February 12, Shuangliang Group and Shuangliang Energy Saving’s WeChat public accounts published articles titled “Shuangliang Energy Saving Wins Another Overseas Order to Help Commercial Aerospace and Space Exploration.”
The above article stated,Shuangliang Energy Saving has received three overseas orders for a total of 12 high-efficiency heat exchanger equipment, which will be used in the fuel production system supporting the expansion of the Space X starship launch base.
The article also emphasized that this is the second time that this product has been used in the Space
At that time, commercial aerospace was a hot concept that the market paid more attention to, and the news quickly detonated Shuangliang Energy Saving's stock price.
Subsequently, Shuangliang Energy Saving clarified that the total amount of the three orders involved in the article was approximately 13.923 million yuan, accounting for approximately 0.11% of the company's audited operating income in 2024, and had no significant impact on the company's operating performance.
Shuangliang Energy Saving also clarified that the company has not directly cooperated with Space
The Jiangsu Supervision Bureau of the China Securities Regulatory Commission believes that the company did not accurately and completely state the order amount and proportion, Shuangliang Energy Saving is a non-exclusive indirect supplier of Space