Yinjixin rides the "brain-computer interface" hype to a 4 million yuan fine, rights protection collection begins

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（Source: Caixin News）

          Users can buy Yingjixin from January 7, 2026, to before the market close on February 13, 2026, and submit a registration for rights protection and compensation claims if they still hold the shares at the close on February 13, 2026.            

Yingjixin (688209.SH) recently issued an announcement stating that it received the 《Administrative Penalty Decision》 issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission (CSRC) (【2026】 No. 3).

After investigation, it was found that Yingjixin has the following illegal facts:

On January 5, 2026, Yingjixin, for the purpose of planning a “self-question and self-answer,” posted a question on the Shanghai Stock Exchange e-Interaction platform: “the company’s product progress and follow-up plans in core chips such as brain signal acquisition.” The next day, after trading hours, it replied: “Through early investment and layout, the company has already entered the brain-machine interface chip field. The IPA1299 launched by the company is an 8-channel, low-noise 24-bit ADC chip, specifically used for high-precision measurement of biological electrical signals in the human body, and can be applied to brain-machine interface-related scenarios such as brain signal acquisition. The IPA1299 chip has been mass-produced and shipped, and its performance parameters can match those of leading overseas chip products.”

The above reply claimed that it “has entered the brain-machine interface chip field,” and also stated that “the IPA1299 launched by the company,” “its performance parameters are comparable to leading overseas chip products,” and that “the IPA1299 chip has been mass-produced and shipped.” However, the company’s technical route for brain-machine interface products is non-invasive, which differs significantly from the invasive dominant technical route abroad. In addition, the “IPA1299 chip” was jointly launched by Yingjixin and its investee company Jingxin Weier (Changzhou) Electronic Technology Co., Ltd.; it is currently in the market cultivation period and has not yet formed large-scale sales and revenue. This is inconsistent with the descriptions in the reply, namely that “the IPA1299 launched by the company” and “has been mass-produced and shipped.” At 7:48 a.m. on January 7, 2026, the company published a 《Notice Regarding Clarification of Relevant Issues on the Shanghai Stock Exchange e-Interaction Platform》, providing supplementary disclosure of the above situation.

The Shenzhen CSRC believes that the information related to the interaction platform disclosed by Yingjixin on January 6 was inaccurate and incomplete, causing or potentially causing investors to make incorrect judgments. After the disclosure of relevant information, market attention was triggered; the company’s stock price clearly deviated from market trends and abnormal fluctuations occurred. This violated the provisions of Article 78, Paragraph 2, and Article 84, Paragraph 1 of the Securities Law, and constitutes an illegal act of misleading statements as described in Article 197, Paragraph 2 of the Securities Law.

The Shenzhen CSRC has decided to issue a warning to Yingjixin and impose a fine of 4 million yuan. Meanwhile, the company’s directors and senior executives—Director and CEO Chen Xin, Chairman and General Manager Huang Hongwei, and Board Secretary Wu Renchao—each received a warning and were fined 2.1 million yuan, 1.1 million yuan, and 800,000 yuan respectively.

Rights protection and compensation claim solicitation has begun:

According to the Securities Law and the 《Several Provisions of the Supreme People’s Court on Hearing Civil Compensation Cases Arising from False Statements in the Securities Market》, if a listed company causes damage to investors’ rights and interests due to false statements, it shall bear civil compensation liability.

Platform rights protection lawyers believe that the rights protection claim solicitation period for Yingjixin (688209.SH) is:

Users can buy shares from January 7, 2026, to before the market close on February 13, 2026, and submit a registration for rights protection and compensation claims if they still hold the shares at the close on February 13, 2026.

Fees required: Full-risk legal agency. No fees will be charged to investors before compensation is received.

Required materials: During the registration stage, you only need to register your basic information. After your registration passes the review, you will receive an SMS guiding you to connect with a lawyer. At that time, prepare the materials according to the lawyer’s instructions and mail them to the law firm’s address.

Materials include transaction statements, account proof, power of attorney agreements, and so on. These materials can be prepared within half a day, and subsequent matters will be handled by the lawyer, so you do not need to appear in person.

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