Core Viewpoint - Hongjiu Fruit (06689.HK), once known as the "first fruit stock" in China, is set to be delisted from the Hong Kong Stock Exchange on December 30, following a prolonged suspension of over a year and a half due to failure to disclose financial reports on time [1][2]. Group 1: Company Performance and Financials - Hongjiu Fruit was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion (approximately CNY 60.3 billion) [1]. - In its first year of listing, the company reported revenue of CNY 15 billion, which was six times higher than its revenue in 2019, marking a significant achievement in the fruit industry [1]. - By the time of its suspension, the company's stock price had plummeted to HKD 1.74, resulting in a market capitalization of only HKD 2.795 billion, a decline of over 95% from its peak [2]. Group 2: Audit and Financial Irregularities - The company faced scrutiny from its auditor, KPMG, regarding a prepayment balance of approximately CNY 4.47 billion as of the end of 2023, with CNY 3.42 billion paid to several new suppliers lacking historical transaction records [2]. - KPMG resigned as the company's auditor in April 2024, and the company has not disclosed its annual report for 2023 or any subsequent periodic reports [2]. Group 3: Management and Legal Issues - The founder, Deng Hongjiu, along with several executives, were taken into custody in early 2025 due to investigations related to loan fraud and potential issuance of false VAT invoices [4][6]. - Following the suspension of trading and operational disruptions, the company began implementing salary cuts and layoffs, with reports indicating that nearly CNY 60 million from an employee stock ownership plan had been misappropriated [6][7]. - The company filed for restructuring in May 2025, and all independent non-executive directors resigned, leaving the company without any independent oversight [7].

Core Viewpoint - Hong Jiu Fruit (06689.HK), known as the "first fruit stock," is set to be delisted from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, marking the end of its trading suspension that lasted over a year and a half [2]. Group 1: Company Background and Financial Status - Hong Jiu Fruit was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion (approximately RMB 60.3 billion) [2]. - The company was the largest fruit distributor in China by sales revenue in 2022 and also the largest distributor of durians and imported dragon fruits [2]. - As of the last trading day before suspension, the stock price had fallen to HKD 1.74, with a total market value of HKD 2.795 billion, representing a decline of over 95% from its peak [3]. Group 2: Audit and Financial Irregularities - The company faced issues with its financial reporting, leading to a trading suspension in March 2024 due to the inability to disclose its annual report [2]. - KPMG, the auditing firm, raised concerns about a prepayment balance of approximately RMB 4.47 billion as of the end of 2023, with RMB 3.42 billion paid to several new suppliers without historical transaction records [2]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments [3]. Group 3: Management and Legal Issues - Several executives, including Chairman Deng Hongjiu, were detained in April 2024 due to investigations into loan fraud and issuing false VAT invoices [6]. - The company's headquarters has been restricted by law enforcement since January 2024, affecting normal operations [6]. - In May 2024, the company applied for restructuring and pre-restructuring in court, following the resignation of all independent non-executive directors, leaving the company without an audit committee [12].

Core Viewpoint - Hong Jiu Fruit (06689.HK), known as the "first fruit stock," is set to be delisted from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, marking the end of its trading suspension that lasted over a year and a half [2][3]. Group 1: Company Background and Financial Status - Hong Jiu Fruit was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion (approximately RMB 60.3 billion) [2]. - The company was the largest fruit distributor in China in 2022 based on sales revenue, and it was also the largest distributor of durians and imported dragon fruits in the country [2]. - As of the suspension before delisting, the company's stock price had fallen to HKD 1.74, with a total market value of only HKD 2.795 billion, representing a decline of over 95% from its peak [3]. Group 2: Audit and Financial Irregularities - The company faced issues with its financial reporting, leading to a suspension in March 2024 due to the inability to disclose its annual report on time [2]. - KPMG, the auditing firm, raised concerns about the company's prepayment balance of approximately RMB 4.47 billion as of the end of 2023, noting that a significant portion of these payments (about RMB 3.42 billion) was made to new suppliers without historical transaction records [2]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments and consider hiring a third party for assistance [3]. Group 3: Management and Legal Issues - Several executives, including Chairman Deng Hongjiu, were detained in April 2024 due to investigations by the Chongqing Public Security Bureau for alleged loan fraud and issuing false VAT invoices [5]. - The company's headquarters has been restricted by law enforcement since January 2024, impacting its operational capabilities [5]. - Following the legal troubles, the company applied for restructuring in May 2024, and all independent non-executive directors resigned, leaving the company without an independent board or audit committee [6].

Core Viewpoint - Hongjiu Fruit (06689.HK), known as the "first stock of fruit," is facing delisting from the Hong Kong Stock Exchange after failing to disclose financial reports on time, leading to a suspension of over a year and a half [2][3]. Group 1 - The Hong Kong Stock Exchange announced the cancellation of Hongjiu Fruit's H-share listing status effective from December 30, following the company's inability to resume trading by September 19 [3]. - At its peak in 2022, Hongjiu Fruit had a market capitalization of 67 billion HKD and was the largest fruit distributor in China based on sales revenue, as well as the largest distributor of durians and imported dragon fruits [3]. - The company was suspended in March 2024 due to its failure to disclose financial reports, with KPMG raising concerns about a prepayment balance of approximately 4.47 billion CNY as of the end of 2023 [4]. Group 2 - In the fourth quarter of 2023, Hongjiu Fruit made payments of about 3.42 billion CNY to several suppliers, most of whom were new trading partners without historical transaction records [4]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments and suggested hiring a third party for assistance [4]. - In April 2024, KPMG resigned as the company's auditor, and as of now, Hongjiu Fruit has not disclosed its 2023 annual report or subsequent periodic reports [4]. Group 3 - In April 2024, Hongjiu Fruit announced that the Chongqing Public Security Bureau was investigating allegations of loan fraud and issuing false VAT invoices, resulting in various criminal measures against key executives [4]. - The company's headquarters has been restricted by law enforcement since January, hindering normal operations [4]. - In May 2024, Hongjiu Fruit applied for reorganization and pre-reorganization in court, following the collective resignation of its three independent non-executive directors, leaving the company without independent directors or audit committee members [4].

财务疑云尚未消散，管理层的崩塌让危机雪上加霜。2025年4月16日，洪九果品突发公告披露，创始 人、董事长邓洪九，董事彭何、江宗英、杨俊文、谭波及监事会主席余利霞等核心高管，因涉嫌骗取贷 款、虚开增值税专用发票被重庆市两江新区公安分局立案侦查，并被采取不同刑事强制措施。更为严峻 的是，公司总部大楼自2025年1月起已被限制人员出入，IT基础设施使用受限，正常办公陷入停滞，业 务运营被迫由分公司、附属公司及地区人员分散维持。 一个月后，洪九果品披露调查背后的隐情，此次立案源于部分银行债权人提交的报告，直指公司逾期未 偿还的银行贷款问题。彼时部分高管的限制性措施虽逐步解除，董事兼总经理江宗英恢复办公，公司也 试图将分散运营业务重新整合，但创始人邓洪九及彭何等核心成员仍处于被逮捕状态，核心决策层的缺 位让经营复苏举步维艰。资金链的持续断裂成为压垮企业的又一根稻草，2025年5月，洪九果品正式向 法院申请债务重整及预重整，同时考虑引进战略投资者支持其重整计划。 2025年5月30日，洪九果品3名独立非执行董事集体辞职，理由为"专注其他工作"，这直接导致公司丧失 全部独立非执行董事，审核委员会彻底瘫痪。作为典型的家族企 ...

（企业公告） 12月24日，港交所宣布，由2025年12月30日上午9时起，洪九果品的H股上市地位将根据《上市规则》第6.01A(1)条予 以取消。 该公司未能于2025年9月19日或之前履行联交所订下的复牌指引而复牌。于2025年10月3日，上市委员会决定根据《上 市规则》第6.01A(1)条取消该公司的H 股股份在联交所的上市地位。 据悉，该公司的H股自2024年3月20日起已暂停买卖。根据《上市规则》第6.01A(1)条，若该公司未能于2025年9月19日 或之前复牌，联交所有权将该公司除牌。 于2025年10月13日，该公司向上市复核委员会申请复核上市委员会的决定。于2025年12月15日，上市复核委员会维持 上市委员会取消该公司上市地位的决定。按此，联交所将于2025年12月30日上午9时起取消该公司的上市地位。 ...

瑞财经 刘治颖 12月24日，香港联交所宣布，由2025年12月30日上午9时起，洪九果品（06689.HK）的H股上市地位将予以取消。 洪九果品的H股自2024年3月20日起已暂停买卖。因公司未能于2025年9月19日或之前复牌。港交所在10月3日做出了取消公司上市地位的决定。公司曾于10 月13日申请复核，但港交所称，上市复核委员会维持取消公司上市地位的决定。 洪九果品于2022年9月5日在港交所挂牌上市，成为"水果第一股"。当时以每股40港元的价格发行1429.49万股、募资5.72亿港元。截至停牌之日，洪九果品每 股报1.74港元，股价较IPO发行价跌95.65%，总市值为27.95亿港元。 公开资料显示，洪九果品于2002年在重庆创立，创始人为邓洪九及其妻子江宗英。 洪九果品主要从事水果批发，其在原产地采购水果后，在当地水果工厂进行加工、分级筛选，再进一步分销到中国的各个销售渠道。其主要水果采购自泰国 和越南，有榴莲、山竹、龙眼、火龙果、车厘子、葡萄。 相关公司：洪九果品 ...

Core Viewpoint - Hong Jiu Fruit (06689.HK), known as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, leading to a suspension of trading for over a year and a half [1][4]. Group 1: Company Background - Hong Jiu Fruit specializes in the full industry chain operation of high-quality fruits and was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion [2][5]. - In 2022, the company was the largest fruit distributor in China by sales revenue, as well as the largest distributor of durians and imported dragon fruits [2][5]. Group 2: Financial and Operational Issues - The company was suspended from trading in March 2024 due to its failure to disclose financial reports, with KPMG noting a prepayment balance of approximately CNY 4.47 billion as of the end of 2023 [2][5]. - In the fourth quarter of 2023, Hong Jiu Fruit made payments of about CNY 3.42 billion to several suppliers, most of whom were new trading partners without historical transaction records [2][5]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments and consider hiring a third party for assistance [2][5]. Group 3: Legal and Governance Challenges - In April 2024, KPMG resigned as the company's auditor, and as of now, the company has not disclosed its 2023 annual report or subsequent periodic reports [3][6]. - The company announced in April that the Chongqing Public Security Bureau had initiated an investigation into allegations of loan fraud and the issuance of false VAT invoices, resulting in various board members being subjected to criminal measures [3][6]. - Since January 2024, the company's headquarters has been restricted by public security authorities, hindering normal operations [3][6]. - In May 2024, Hong Jiu Fruit applied for restructuring and pre-restructuring in court, while three independent non-executive directors resigned, leaving the company without independent directors or audit committee members [3][6].

Core Viewpoint - Chongqing Hongjiu Fruit Co., Ltd. ("Hongjiu Fruit", 06689.HK), known as the "first fruit stock," is set to be delisted from the Hong Kong Stock Exchange after failing to resume trading for over a year and a half [1][4]. Group 1: Company Overview - Hongjiu Fruit was established in 2002, focusing on high-end imported fruits and high-quality domestic fruits through a comprehensive digital supply chain [2][6]. - The company was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market capitalization of HKD 67 billion [3][7]. Group 2: Financial Performance - In March 2024, Hongjiu Fruit was suspended from trading due to its inability to disclose financial reports on time, with a market value of approximately HKD 2.795 billion at the time of suspension, reflecting a decline of over 95% from its peak [3][7]. - As of the end of 2023, the company reported a prepayment balance of approximately CNY 4.47 billion, with significant payments made to new suppliers lacking historical transaction records [3][7]. Group 3: Legal and Regulatory Issues - In April 2025, the company announced that its chairman and others were under criminal investigation for loan fraud and issuing false VAT invoices, leading to operational restrictions at its headquarters [4][8]. - The company has multiple legal issues, including 39 enforcement actions totaling over CNY 80 million and 10 instances of being untrustworthy, with a total amount involved of nearly CNY 1 million [8].

Core Viewpoint - Hongjiu Fruit (06689.HK), known as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, leading to a suspension of trading for over a year and a half [1][4]. Group 1: Company Background - Hongjiu Fruit specializes in the full industry chain operation of high-quality fruits and was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion [2][5]. - In 2022, Hongjiu Fruit was recognized as the largest fruit distributor in China by sales revenue, as well as the largest distributor of durians and imported dragon fruits [2][5]. Group 2: Financial and Operational Issues - The company was suspended from trading in March 2024 due to its failure to disclose financial reports on time. As of the end of 2023, the group had a prepaid balance of approximately CNY 4.47 billion [6]. - In the fourth quarter of 2023, Hongjiu Fruit made payments of about CNY 3.42 billion to several suppliers, most of whom were new trading partners without historical transaction records. Some suppliers had registered capital lower than the prepaid amounts, and certain suppliers had zero social insurance coverage [6]. Group 3: Legal and Governance Challenges - In April 2024, the auditing firm KPMG resigned from its role, and the company has not disclosed its 2023 annual report or subsequent periodic reports [3][6]. - In April 2024, Hongjiu Fruit announced that its chairman and several board members were under criminal investigation for loan fraud and issuing false VAT invoices, leading to various restrictive measures against the company [3][7]. - In May 2024, the company applied for restructuring and pre-restructuring in court, and all three independent non-executive directors resigned, leaving the company without independent directors or audit committee members [7].