More than 4.15 million yuan of profits were confiscated! Illegal holding of polysilicon, 7 enterprises were fined!

2026-02-03 17:58:16

Digital New Energy DataBM. Com learned that on February 2, the Guangzhou Futures Exchange issued two disciplinary decisions concerning illegal positions in polysilicon futures, involving seven enterprises.

The Digital New Energy DataBM. Com was informed that on February 2, The Guangzhou Futures Exchange issued two documents concerning illegal positions Guangqi Suo Shi Zi [2026] No.1." Four customers of Anhui Shuotong International Trade Co., Ltd., Anhui Hongsheng Copper Co., Ltd., Anhui Tianda Copper Co., Ltd. and Anhui Tianda New Energy Co., Ltd. have actual control relationship, and their combined positions exceed the PS2512 delivery month position limit for five consecutive trading days from December 1 to 5, 2025. The related customers' illegal holding behavior resulted in a loss of RMB480,660.

According to the relevant provisions, Guangqi has decided to impose disciplinary sanctions on the above-mentioned enterprises for publicly condemning and suspending the opening of positions for six months, and to record the results of the disciplinary sanctions of the above-mentioned parties in the integrity files of the securities and futures market.

Enterprise investigation information shows that the actual controllers of the above four enterprises are Ye Shiqu and Geng Jian .

According to the relevant regulations, Guangqi decided to impose disciplinary sanctions on the above-mentioned enterprises , such as confiscating the illegal income of 4,156,269 yuan , publicly condemning and suspending the opening of positions for 12 months, and to record the results of the disciplinary sanctions of the above-mentioned parties in the integrity files of the securities and futures market.

Enterprise investigation information shows that the controlling shareholder of Shanghai Jiusi Enterprise Development was originally Shanghai Jiusi Asset Management, which was changed to Shanghai Jiusi Trading Co., Ltd. in December 2025, and the actual controllers of these companies are Zhai Jianzhi . In addition, Zhai Yuwei is the financial director of Hainan Yunlan Industry, Shanghai Jiusi Enterprise Development and Shanghai Jiusi Asset Management .

in December 2025, the price of polysilicon futures fluctuated sharply, and the price difference between futures and spot prices aroused market concern. Specifically, the highest value of the main contract of polysilicon futures in December 2025 is about 62000 yuan/ton, and the lowest value is about 52000 yuan/ton, with a change of more than 16% .

As of February 3, 2026, the closing price of polysilicon futures was 50000 yuan/ton , an increase of about 6.

All can be viewed after purchase
Correlation

Digital New Energy DataBM. Com learned that on February 2, the Guangzhou Futures Exchange issued two disciplinary decisions concerning illegal positions in polysilicon futures, involving seven enterprises.

2026-02-03 17:58:16

The Party Central Committee and the State Council have repeatedly stressed the need to comprehensively rectify the "involution" competition. Both the Proposal of the Central Committee of the Communist Party of China on the Formulation of the Fifteenth Five-Year Plan for National Economic and Social Development and the Central Economic Work Conference regard the comprehensive rectification of "involution" competition as an important task to promote the construction of a unified national market. Strengthening capacity governance in key areas has become an important direction of China's economic governance.