Giant Rope & Rigging Receives Public Criticism from Shenzhen Exchange; Information Disclosure Deficiency Sounds Compliance Alarm

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On March 18, the Shenzhen Stock Exchange issued a notice to give a warning and criticism to Julite Rigging (002342.SZ) and its Chairman Yang Jianguo, President Yang Chao, and Secretary of the Board Zhang Yun.

In response, a reporter from “Economic Information Daily” repeatedly called the secretarial office of Julite Rigging to understand what corrective measures the company would take after receiving the penalty. As of press time, the call was not answered.

According to the penalty details, the violation stemmed from rumors about Julite Rigging’s “commercial aerospace business” circulating in the market from December 2025 to February 2026, causing abnormal fluctuations in the company’s stock price. The Shenzhen Stock Exchange found that Julite Rigging mainly committed two violations: first, incomplete disclosure of information about the commercial aerospace business and insufficient risk warnings. When replying to investor questions on the investor relations platform, the company stated that it provides product support for domestic reusable rockets in the commercial aerospace field, including capture arms and testing tether devices.

Second, the company failed to verify and clarify relevant market rumors in a timely manner. Starting February 4, 2026, rumors emerged that Julite Rigging had won a 458 million yuan project for a reusable rocket sea recovery system in Hainan. The company did not verify or clarify these rumors until prompted by regulators, and only on February 12, 2026, did it disclose an announcement titled “Clarification and Risk Warning on Market Rumors,” which clarified that the rumors were false information.

It is worth noting that on March 2, Julite Rigging responded to investor questions on the investor relations platform, stating that the company always strictly adheres to principles of fair, objective, and timely information disclosure, with no subjective motivation or actual behavior to manipulate the market. All disclosed information is true, accurate, complete, and consistent.

In fact, this is not the first time Julite Rigging has crossed regulatory red lines. On December 19, 2025, the Hebei Securities Regulatory Bureau took administrative regulatory measures against the company for issues such as inaccurate accounts receivable impairment provisions, untimely disclosure of government subsidies, and non-standard corporate governance, issuing a warning letter and requiring corrections. Just three months after the last penalty, the company was again penalized for information disclosure issues, reflecting deficiencies in internal control management and compliance awareness.