Red Market Filings
More
Articles Weekly Brief Topics Resources How We Read Filings About

Disclosure topic / 05

Related Parties

What it means

Related party disclosures describe transactions, balances, funding arrangements, guarantees, purchases, sales, or other dealings with connected parties.

Editor’s note

Related party items are not automatically improper. They are also not automatically harmless. Pricing, approvals, balances, repayment, and business substance matter.

Connected evidence

Records linked to this topic

15 Disclosure Note

Hepalink · 002399.SZ / 09989.HK

Hepalink's CNY89.8 Million Advance: Who Keeps the Recovery?

The 2025 annual report, p.195, and 2026 interim report, p.157, retain a CNY89,809,600 payable to Leren and state that the advance is to be returned after the relevant recovery or compensation is obtained.

A CNY89.8 million advance supplied cash after an Italian subsidiary's scam loss. The related-party note ties its return to recovery or compensation, while the cash-flow tables reveal how limited its contribution was to overall operating cash generation.

Read record
  • Related Parties
  • Cash Flow
  • Annual Reports
14 Disclosure Note

Kweichow Moutai · 600519.SH

Moutai's Cash-Flow Surge Has a Deposit Footnote

The 2026 interim report, pp.97–98, identifies CNY25.426 billion of related-party deposits accepted by the finance subsidiary, not deposits made by the listed company with its parent. Changes in two rows on pp.33–34 account for CNY57.206 billion of the CNY57.572 billion operating cash-flow increase.

Two financial cash-flow rows reconcile approximately 99.36% of Moutai's first-half 2026 operating cash-flow increase. The deposit note, consolidation boundary, and cash composition explain why that surge is not a direct measure of liquor cash conversion or immediately distributable surplus.

Read record
  • Related Parties
  • Cash Flow
  • Annual Reports
10 Enforcement

Dongxu Optoelectronic Technology Co., Ltd. · 000413.SZ / 200413.SZ

When Reported Financial Strength Did Not Mean Usable Cash

Final decisions connect false financial reporting, related-party fund occupation, securities issuance and gatekeeper failures, while the company’s earlier delisting followed a separate trading-based route.

Read record
  • Enforcement Case Study
  • Cash Quality
  • Related Party Transactions
08 Company Review

Jilin Sino-Microelectronics Co., Ltd. · 600360.SH

Jilin Sino-Microelectronics: What Repayment Resolves

The company reported full recovery of occupied funds and stronger operating results. Repayment records, cash-flow classification, and tests of revised payment controls answer different parts of the recovery question.

Read record
  • Company Disclosure Review
  • Related Party Transactions
  • Audit Opinion
03 Company Review

Beijing Oriental Eco-New Energy Co., Ltd. · 002310.SZ

Dongfang Xinneng's Next Test After Restructuring

Positive equity returned after restructuring, but losses continued. The proposed renewable-energy purchase would add leverage and goodwill, making its funding and expected cash generation the next test.

Read record
  • Company Disclosure Review
  • Restructuring
  • Accounting Issue
02 Company Review

Zhongtai Chemical Co., Ltd. · 002092.SZ

Zhongtai Chemical After the Corrections

After correcting historical revenue and repaying occupied funds, Zhongtai continued to report losses alongside positive operating cash flow. Related-party finance, guarantees, and asset valuations help explain what changed and what remains exposed.

Read record
  • Company Disclosure Review
  • Accounting Issue
  • Regulatory Issue