登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 12月25日晚，深圳市倍轻松（维权）科技股份有限公司（以下简称"公司"、"倍轻松"）发布公告，因公 司及实际控制人马学军先生涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共和国 行政处罚法》等法律法规，中国证监会决定对公司及实际控制人马学军先生立案。上海市信本律师事务 所赵敬国律师（执业证号：13101200410820485）提示，于2025年12月26日之前买入且有持仓，无论在 2025年12月26日及之后是否卖出的受损投资者，或可通过"新浪股民维权平台"自愿登记索赔。（赵敬国 律师专栏） 此次被立案原因尚不清楚，但此前公司已经发布非经营性资金占用公告，此次立案调查或与前述事项有 关。2025年8月2日，经公司自查发现，公司实际控制人马学军以往年度存在通过员工借款方式、提前支 付供应商采购款方式形成的资金占用。2021年10月以来 ...

Core Viewpoint - Shenzhen Beiliang Technology Co., Ltd. (688793) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has raised market concerns about the company's future performance [1][4]. Company Announcement - On December 25, 2025, Beiliang announced that it and its actual controller, Ma Xuejun, received a notice of investigation from the CSRC due to alleged violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [1][4]. - The company stated that all business operations are currently normal and it will cooperate with the CSRC during the investigation, adhering to legal and regulatory disclosure requirements [1][4]. Market Impact - As a well-known enterprise in the massage equipment sector, the investigation has attracted significant market attention, and stakeholders are advised to monitor the investigation's progress and its potential impact on market expectations [2][4]. Investor Compensation - According to lawyer Niu Bin from Shanghai Baiyue Law Firm, investors who purchased Beiliang shares before December 26, 2025, and sold or held them after December 27, 2025, may be eligible for compensation [2][4]. - Required materials for compensation claims include original transaction statements, copies of the investor's ID, and a securities account inquiry issued by the brokerage [3][5].

Core Viewpoint - Shenzhen Beiliang Technology Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, affecting both the company and its actual controller, Ma Xuejun [1] Group 1: Company Overview - Shenzhen Beiliang Technology Co., Ltd. was established in July 2000 with a registered capital of 859.45419 million RMB, and Ma Xuejun serves as the legal representative [4] - The company operates under the brand "breo," which was launched in 2000 and became the first health smart hardware stock on the Sci-Tech Innovation Board in 2021, specializing in products such as head massagers, eye massagers, and smart neck massagers [4] - Beiliang has opened over 180 direct stores in major airports, high-speed rail stations, and shopping malls both domestically and internationally, with products exported to dozens of countries and regions [4] Group 2: Financial Performance - For the first three quarters of 2025, Beiliang reported total operating revenue of 552 million RMB, a year-on-year decrease of 34.07% [5] - The net profit attributable to shareholders of the parent company was -65.628 million RMB, reflecting a year-on-year decline of 600.98% [5] Group 3: Market Reaction - On December 26, Beiliang's stock price fell by 14.68%, closing at 22.61 RMB per share [2]

Core Viewpoint - The company Beiqing Song, known as the "first stock of portable massagers," is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to a significant drop in its stock price and market value [1][5]. Financial Performance - In Q3 2025, the company's revenue was approximately 167 million yuan, a year-on-year decrease of 28.51%, with a net loss attributable to shareholders of about 29.51 million yuan. For the first three quarters, revenue was around 552 million yuan, down 34.07%, and the net loss was approximately 65.63 million yuan, a staggering increase of 600.98% in losses compared to the previous year [1]. Marketing and Operational Strategy - The company has been criticized for its "heavy marketing, light R&D" approach, with research and development expense ratios from 2021 to 2024 being 3.97%, 6.40%, 4.59%, and 5.38%, while sales expense ratios were significantly higher at 40.75%, 53.84%, 53.94%, and 50.16% [2]. Internal Governance Issues - Internal governance has been a concern, particularly regarding the actual controller Ma Xuejun's fund occupation issues. The company has reported instances of fund occupation through employee loans and prepayments to suppliers, totaling over 40.8 million yuan [4][5]. Shareholder Actions - On the day before the investigation announcement, Ma Xuejun sold approximately 2.55 million shares at 25.35 yuan per share, raising over 64 million yuan. This reduced his shareholding from 40.48% to 37.51%, and the combined shareholding with his associates fell below 50% [5][6]. Legal Challenges - The company is also facing a patent infringement lawsuit from Da Dong Electric Industrial Co., Ltd., which demands the cessation of manufacturing and sales of the disputed products, along with compensation of 10 million yuan. The company claims that the products involved are not core to its recent revenue [6].

中国经济网北京12月26日讯 倍轻松(688793.SH)昨日晚间披露《关于收到中国证券监督管理委员会 立案告知书的公告》。 | | 倍轻松(688793) | 主要股东 | | | | --- | --- | --- | --- | --- | | 截至日期 | 2025-11-20 | | | | | 公告日期 | 2025-11-21 | | | | | 股东说明 | | | | | | 股东总数 | 查看变化趋势 | | | | | 平均持股数 | 查看变化趋势 | | | | | 櫻음 | 股东名称 | 持股数量(股) | 持股比例(8) | 股本件质 | | 1 | 马学军 | 32235281 + | 37.51 + | 流通A股 | | 2 | 宁波赫廷投资有限公司 | 6440000 | 7.49 | 流通A股 | | 3 | 汪荣青 | 4811500 | 5.6 | 流通A股 | | 4 | 宁波倍松投资有限公司 | 4227271 | 4.92 | 流通A股 | | 5 | 宁波目松企业管理合伙企业(有限合伙) | 3765300 | 4.38 | 流通A股 | | 6 | 中国银行股 ...

Core Viewpoint - The company Beiqingsong (688793.SH) is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, but its business operations remain normal [1][3]. Business Overview - Beiqingsong, established in 2000, focuses on the smart portable massager sector, integrating traditional Chinese medicine concepts with modern technology to provide health care solutions globally [1]. - The company has developed a product matrix that includes various categories such as head, eye, neck, scalp, and moxibustion products, and holds over 1,000 valid patents, including more than 200 invention patents [1]. Technological Development - The company has initiated an "AI + Health" strategy to transition from simple fatigue relief to health management, utilizing a professional R&D team and multi-modal sensor matrices for data collection and analysis [2]. - Some of its scalp massager products now feature AI visualization capabilities for health assessments and personalized care suggestions, aiming to create a closed-loop health service model [2]. Channel Strategy - Beiqingsong employs an "online + offline" sales model, focusing on high-traffic locations such as airports and high-speed rail stations, and has launched integrated service stores offering a combination of smart devices, manual techniques, and moxibustion therapy [2]. - As of mid-2025, the company has expanded its service stores to key cities like Shenzhen, Guangzhou, and Xi'an, while also establishing a dual service system for platform and private domain members, with over 6.6 million platform members and 2.8 million private domain members [2]. Operational Resilience - Despite facing regulatory scrutiny, Beiqingsong's long-standing technological foundation and global presence support its ongoing business operations, with established layouts in product matrix, technological R&D, and channel development [3].

值得注意的是，就在此次立案告知书下达的一个月前，马学军刚刚完成了一笔股份转让。 根据倍轻松11月21日披露的《股东询价转让结果报告书》，马学军通过询价转让方式，减持了其持有的 公司股份255.26万股，占公司总股本的2.97%。 该次询价转让的价格为25.35元/股，据此计算，马学军通过此次转让套现金额约为6471万元。 此次权益变动后，马学军及其一致行动人持有倍轻松的股份比例从52.35%减少至49.38%，降至50%以 下，对于转让原因，公开信息显示为"出让方自身资金需求"。 与马学军在立案前夕完成大额套现形成对比的是，倍轻松另一位持股5%以上的股东汪荞青在立案前一 周选择了终止减持。 智通财经12月26日讯（记者 王碧微）在实控人完成大额股份转让一个月后，倍轻松（688793.SH）收到 了监管层的调查通知。 12月25日晚间，倍轻松披露公告，公司及实际控制人马学军于12月25日收到中国证监会下发的《立案告 知书》，因涉嫌信息披露违法违规，证监会决定对公司及马学军立案。 倍轻松方面在公告中表示，目前各项经营活动正常开展，在立案调查期间将积极配合相关工作。 财务数据显示，2025年前三季度，倍轻松实现营业 ...

Core Viewpoint - The company Beiqing Song (倍轻松) and its actual controller Ma Xuejun are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a significant drop in the company's stock price [1][3]. Group 1: Regulatory Investigation - On December 25, the CSRC issued a notice of investigation to Beiqing Song and Ma Xuejun for suspected information disclosure violations [1]. - The company stated that its business operations are currently normal and that it will actively cooperate during the investigation [2]. Group 2: Legal Issues - Beiqing Song is involved in a patent infringement lawsuit filed by Da Dong Electric Industrial Co., Ltd., seeking 10 million yuan in damages and the cessation of sales of the disputed products [2]. - The company indicated that the products in question are not core products and do not expect significant impact on daily operations [2]. Group 3: Financial Performance - For the first three quarters of 2025, Beiqing Song reported a revenue of 552 million yuan, a year-on-year decrease of 34.07%, and a net loss attributable to shareholders of 65.63 million yuan, a decline of 600.98% [8]. - As of June 30, 2025, the company had an undistributed profit loss of 41.20 million yuan, with total paid-in capital of 85.95 million yuan, indicating that the unrecouped losses exceeded one-third of the total paid-in capital [8]. Group 4: Shareholder Actions - One month prior to the investigation notice, Ma Xuejun sold 2.55 million shares, approximately 2.97% of the company, for about 64.71 million yuan, citing personal funding needs [5]. - In contrast, another major shareholder, Wang Qiaoqing, terminated a planned share reduction just a week before the investigation notice, expressing confidence in the company's long-term development [5]. Group 5: Financial Mismanagement - The company has faced scrutiny for previous financial mismanagement, including significant fund occupation by the actual controller, which was reported to be 85.93 million yuan after corrections [9]. - In 2024 alone, the actual controller's fund occupation through supplier channels reached 25.10 million yuan [10].

Core Viewpoint - The company Beiqing Song (倍轻松) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a significant drop in its stock price and raised concerns about its financial health and governance practices [1][2][11]. Group 1: Regulatory Issues - On December 25, the company and its actual controller, Ma Xuejun, received a notice from the CSRC regarding the initiation of an investigation for suspected information disclosure violations [1][16]. - The company stated that its business operations are currently normal and that it will actively cooperate during the investigation [1][17]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 552 million yuan, a year-on-year decrease of 34.07%, and a net loss attributable to shareholders of 65.63 million yuan, a decline of 600.98% [11][25]. - As of June 30, 2025, the company had an undistributed profit loss of 41.20 million yuan, with total paid-in capital of 85.95 million yuan, indicating that the unremedied losses exceeded one-third of the total paid-in capital [11][25]. Group 3: Shareholder Actions - One month prior to the investigation notice, Ma Xuejun sold 2.55 million shares, representing 2.97% of the company's total shares, for approximately 64.71 million yuan, citing personal funding needs as the reason for the sale [4][5][20]. - In contrast, another major shareholder, Wang Qiaoqing, chose to terminate a planned share reduction just a week before the investigation notice, expressing confidence in the company's long-term development [6][20]. Group 4: Legal Challenges - The company is also involved in a patent infringement lawsuit filed by Da Dong Electric Industry Co., Ltd., which seeks to stop the production and sale of certain products and claims damages of 10 million yuan [1][17]. - The company indicated that the products in question are not core to its recent offerings and does not expect significant impact on its daily operations [1][17]. Group 5: Governance and Internal Control Issues - The company has faced scrutiny over internal control issues and financial mismanagement, with previous reports indicating that the actual controller had occupied company funds totaling 85.93 million yuan, significantly higher than previously disclosed [12][26]. - The company has received multiple regulatory letters due to these financial issues and has been under continuous scrutiny for its annual report disclosures over the past three years [14][26].

Core Viewpoint - The company Beilingsong (倍轻松) and its actual controller Ma Xuejun are under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, leading to significant market pressure and a stock price drop of over 16% following the announcement [1][2]. Group 1: Company Background and Financial Performance - Beilingsong specializes in the design, research and development, production, sales, and service of smart portable massagers and has been listed on the Sci-Tech Innovation Board since July 15, 2021 [2]. - The company's stock price has declined from a high of 130.70 yuan to 26.50 yuan as of December 25, 2023, resulting in a market capitalization of only 2.278 billion yuan [2]. - The company has faced significant financial challenges, reporting consecutive losses in 2022 and 2023, with a projected loss of 65.628 million yuan in the first three quarters of 2025 and a 34.07% year-on-year decline in revenue [2]. Group 2: Investigation and Compliance Measures - The investigation is closely related to issues of information disclosure, with previous inquiries from the Shanghai Stock Exchange focusing on the authenticity of the company's business and the actual controller's fund usage [1][2]. - Beilingsong is urged to fully cooperate with the CSRC's investigation to ensure transparency and efficiency during the process [3]. - The company needs to initiate a comprehensive internal review mechanism to optimize its information disclosure processes and strengthen compliance management, including improving related transaction approval processes and financial reporting [3]. Group 3: Strategic Recommendations - To address the current crisis, Beilingsong should enhance its internal control systems to prevent potential compliance risks and improve corporate governance [3]. - The company must also strengthen communication with investors and focus on improving its performance to regain market trust and achieve sustainable development [3].