China Sports Industry Faces Shanghai Stock Exchange Inquiry Over 11.296 Million Yuan in Related-Party Fund Occupation

Regulation
โดย 南方财经网·Read original
Summary · why it matters

China Sports Industry disclosed its reply to the Shanghai Stock Exchange's 2025 annual report regulatory inquiry letter, focusing on a related-party fund occupation of 11.2956 million yuan. The occupation originated in 2021 when subsidiary China Olympic Sports lent 10.35 million yuan to joint venture China Sports Haiying for sailing event working capital. In 2023, because a company deputy general manager concurrently served as chairman of China Sports Haiying, the latter was identified as a related party, turning the loan into non-operational fund occupation. The Tianjin Securities Regulatory Bureau issued regulatory measures in October 2025 requiring rectification within a deadline. On the recovery front, the company filed a lawsuit in July 2025 and won at first instance in June 2026, with the court ordering China Sports Haiying to repay principal of 10.2432 million yuan plus interest, and its shareholder Fengshuixing Sports Technology Development Shanghai Company to bear supplementary repayment liability within the scope of 3.187196 million yuan in unpaid capital contributions and related interest. At the time of filing, bank accounts and related equity of both parties were frozen under asset preservation, but China Sports Haiying has appealed, and the company is preparing for the second trial, with enforcement proceedings to begin once the judgment takes effect. To address internal control weaknesses, the company plans to revise related-party transaction rules, tighten subsidiary loan approvals, implement monthly consolidated fund reporting for investee companies, and establish a fund occupation risk early warning mechanism.

Impact on stocks 1

Others▼ · 1 stocks
China Sports Industry Group Co Ltd
600158
▼ NegativeRegulationrelevance

Company faces regulatory inquiry and rectification over related-party fund occupation, with legal disputes and internal control weaknesses.

Off-coverage companies 3

中体海盈Private▼ Negative
Regulationrelevance

China Sports Haiying is the related party that occupied funds, now ordered to repay and facing asset freezes.

风水船行体育科技发展（上海）有限公司Private▼ Negative
Regulationrelevance

Fengshuixing Sports Technology bears supplementary repayment liability due to unpaid capital contributions.

中奥体育Private▼ Negative
Regulationrelevance

Subsidiary China Olympic Sports made the loan that became non-operational fund occupation, leading to regulatory issues.

© 2026 MarketDXNews