24, ST Lida, a cross-border photovoltaic enterprise in Jiangsu, announced that the company had received the Decision on Administrative Penalty issued by the Jiangsu Regulatory Bureau of the Securities Regulatory Commission.
The announcement shows that due to the failure to disclose the related party's occupation of non-operating funds in a timely manner, there are major omissions and false records in the relevant periodic reports. Jiangsu Securities Regulatory Bureau issued a total fine of 38.4 million yuan to * ST Lida's timely chairman, general manager and chief financial officer.

Specifically, it has been found that from January 2020 to December 2022, * ST Lida and its subsidiary, Ke Huasheng Urban Architectural Planning and Design Co., Ltd. The intermediary transferred the funds to the controlling shareholder Cradock Group, then chairman Gu Yiming and other related bank accounts, resulting in * ST Lida's related party's non-operating capital occupation, totaling about 1.703 billion yuan. The above acts constitute related party transactions.
However, * ST Lida failed to timely disclose the occupation of non-operating funds of the aforesaid related parties , and failed to disclose the occupation of relevant funds in the annual report from 2020 to 2023 as required, resulting in major omissions in the aforesaid periodic report; Failure to disclose the occupancy of funds in the annual report of 2024 and the semi-annual report of 2025 resulted in false records in the aforementioned periodic reports.
Jiangsu Securities Regulatory Bureau decided to order * ST Lida to make corrections, give warnings and impose a fine of 9 million yuan ; Gu Yiming, the then chairman of the board, was given a warning and fined 16.2 million yuan , and was banned from entering the securities market for five years; other relevant responsible persons were fined from 2.1 million yuan to 3.8 million yuan. According to
public information, * ST Lida was founded in August 2000 in Suzhou, Jiangsu Province, and landed on the Shanghai Stock Exchange in February 2015. In order to find the second growth curve, * ST Lida set up a wholly-owned subsidiary, Suzhou Kelida New Energy Co., Ltd. in April 2022. Formal cross-border layout of BIPV building integrated photovoltaic business.
At present, * ST Lida has formed six business sectors, including building curtain wall, building decoration, assembly decoration, design, architectural design and EPC, photovoltaic building integration . In terms of
performance, according to the financial data of the first half of 2026, * ST Lida realized operating income of 414 million yuan, a decrease of 53.86% compared with the same period last year; the net profit attributable to the parent company was a loss of 45.5109 million yuan .
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