受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我 近日，投资者诉浙江富润数字科技股份有限公司（原证券简称：*ST富润，原代码：600070）证券虚假 陈述案持续推进。 曾代理投资者告赢130余家上市公司并获赔的浙江裕丰律师事务所厉健律师表示，目前距离*ST富润索 赔时效届满只剩两个多月，受损投资者仍可起诉。（厉健律师专栏） 案情回溯，2024年5月18日，*ST富润发布《关于收到中国证监会浙江监管局<行政处罚决定书>的公 告》。公告显示，浙江证监局查明，*ST富润违法的事实如下：公司通过虚构业务，虚增营业收入和营 业成本，导致公司披露的2020年年报、2021年年报和2022年半年报存在虚假记载。2020年至2022年上半 年，公司虚增营业收入金额合计717，225，918.88元，虚增营业成本合计715，512，264.14元。其中， 2020年虚增营业收入365，766，164.15元，虚增营业成本364，924，901.98元，分别占当期披露金 ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 符合暂定条件的投资者可以先去证券公司打印对账单（首次买入该股票之日至今）、证券开户查询单， 提交给律师审核，根据回复情况，再决定是否参加索赔。 更多股票索赔，请关注厉健律师。（厉健律师专栏） 律师声明：暂定索赔条件、索赔进展情况、时效届满日期仅供参考，能否获赔、赔偿多少以法院生效判 决为准。 本文不涉及任何投资决策和股票买卖建议。投资有风险，理财须谨慎。 一、天沃科技（002564）股民一审胜诉 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我 近日，曾代理投资者告赢130余家上市公司并获赔的浙江裕丰律师事务所厉健律师团队根据公开信息， 收集整理了天沃科技（维权）、*ST富润、西陇科学（维权）、红相股份（维权）、金一文化（维 权）、罗普特（维权）、博采网络、南方精工（维权）、苏大维格（维权）、三佳科技（维权）、豪美 新材（维权）、思美传媒（维权）、退市卓朗、鼎信通讯（维权）、鸿博股份（维权）、普利退、退市 龙宇、ST英飞拓（维权）、农尚环境（维权）、 ...

Core Viewpoint - The company *ST Furun has been delisted due to its stock price falling below 1 yuan for twenty consecutive trading days, with the delisting effective on April 30, 2025. Investors who suffered losses during a specific period are encouraged to join the legal claims process against the company for false statements [1][4]. Group 1: Legal Proceedings - A batch of cases has been submitted to the court for the lawsuit against *ST Furun for false statements, with previous successful verdicts in similar cases [1][4]. - Investors who purchased shares between April 27, 2021, and April 27, 2023, and sold or still hold them after April 28, 2023, are advised to join the legal claims [2][4]. Group 2: Financial Misconduct - The company received an administrative penalty from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on May 18, 2024, revealing its financial misconduct [2][4]. - From January 2020 to mid-2022, the company's wholly-owned subsidiary engaged in fictitious advertising agency processes, inflating revenue and costs, leading to false records in its annual reports for 2020, 2021, and the semi-annual report for 2022 [2][4]. - The company corrected its financial data on April 28, 2023, following the discovery of accounting errors, and has faced penalties for these false disclosures [2][4].

Core Viewpoint - Zhejiang Furun (600070) is facing legal actions due to allegations of financial misconduct, including the inflation of revenue and costs through fictitious advertising transactions, leading to false financial disclosures [1][2][3] Financial Misconduct Details - From January 2020 to mid-2022, Zhejiang Furun inflated its total revenue by approximately 717.23 million yuan and its costs by about 715.51 million yuan [2][3] - In 2020, the inflated revenue was 365.77 million yuan, accounting for 12.04% of the reported figures, while the inflated costs were 364.92 million yuan, representing 13.30% [2][3] - In 2021, the inflated revenue was 142.61 million yuan (10.87%) and costs were 143.23 million yuan (11.11%) [2][3] - In the first half of 2022, the inflated revenue reached 208.85 million yuan (69.05%) and costs were 207.35 million yuan (69.79%) [2][3] Legal Proceedings and Investor Claims - The Shanghai Jucheng Law Firm, led by lawyer Xu Feng, is actively pursuing claims on behalf of investors who purchased Zhejiang Furun shares between April 27, 2021, and April 28, 2023, and either sold or continued to hold the shares after that date [2][3] - The law firm has reported previous victories in similar cases, indicating a potential for successful claims for affected investors [2][3]

Core Viewpoint - The ongoing legal case against Zhejiang Furun Digital Technology Co., Ltd. (*ST Furun) involves allegations of false statements in securities, with investors encouraged to file claims before the deadline approaches [1][5]. Group 1: Legal Proceedings - On May 18, 2024, *ST Furun announced it received an administrative penalty decision from the Zhejiang Securities Regulatory Bureau, confirming the company inflated revenue and costs through fictitious business activities, leading to false disclosures in its 2020, 2021, and 2022 financial reports [2][6]. - The total inflated revenue from 2020 to mid-2022 amounted to approximately 717.23 million yuan, with inflated costs totaling about 715.51 million yuan [2][6]. - Specific annual figures include: 2020 inflated revenue of 365.77 million yuan (12.04% of reported revenue) and inflated costs of 364.92 million yuan (13.30% of reported costs); 2021 inflated revenue of 142.61 million yuan (10.87%) and inflated costs of 143.23 million yuan (11.11%); and for the first half of 2022, inflated revenue of 208.85 million yuan (69.05%) and inflated costs of 207.35 million yuan (69.79%) [2][6]. Group 2: Investor Claims - Investors who purchased *ST Furun shares between April 27, 2021, and April 27, 2023, and held them until the latter date are eligible to file claims for compensation, despite the company's delisting [3][7]. - Required documentation for claims includes securities account information, stock reconciliation statements from April 1, 2021, to December 2023, and contact information [4][7]. - The scope of compensation includes losses from the difference in investment, commissions, and stamp duty losses as per the new judicial interpretation regarding securities false statements [2][6].

Core Viewpoint - The news discusses ongoing legal actions against Zhejiang Furun and Luqiao Information for financial misconduct, highlighting the potential for investor claims due to false financial reporting and the importance of timely legal action for affected investors [1][2][4][5]. Summary by Sections Zhejiang Furun - Zhejiang Furun has been found to have inflated its operating income by a total of 717,225,918.88 CNY and operating costs by 715,512,264.14 CNY from 2020 to mid-2022 [1][4]. - Specific years of inflated figures include: - 2020: Operating income inflated by 365,766,164.15 CNY (12.04% of reported amount) and costs by 364,924,901.98 CNY (13.30%) - 2021: Operating income inflated by 142,612,952.84 CNY (10.87%) and costs by 143,233,987.18 CNY (11.11%) - 2022 (first half): Operating income inflated by 208,846,801.89 CNY (69.05%) and costs by 207,353,374.98 CNY (69.79%) [1][4]. - Investors who purchased shares between April 27, 2021, and April 28, 2023, may still file claims, but the statute of limitations is running out [2][5]. Luqiao Information - Luqiao Information is under investigation by the China Securities Regulatory Commission (CSRC) for financial reporting violations, with a notice of case filing issued on October 14, 2025 [2][5]. - The company has acknowledged prior accounting errors and has been ordered to correct its financial reporting due to significant internal control deficiencies affecting the accuracy of its 2023 and 2024 financial statements [2][5]. - Investors who bought Luqiao Information shares between April 23, 2024, and September 30, 2025, can also initiate claims [3][6].

Core Viewpoint - Zhejiang Furun (600070) is facing a lawsuit for investor compensation due to inflated revenue and costs from 2020 to mid-2022, with a court date set for December 8, 2025 [1][2]. Summary by Sections Legal Proceedings - The lawsuit for investor compensation is scheduled to be heard at Shaoxing Intermediate Court on December 8, 2025, with ongoing efforts to accept additional claims from investors [1][2]. - Investors who purchased Zhejiang Furun shares between April 27, 2021, and April 28, 2023, and sold or held the shares after April 28, 2023, are eligible to file claims [6]. Financial Misconduct - From January 2020 to mid-2022, Zhejiang Furun's subsidiary fabricated advertising agency processes, leading to inflated revenue and costs [4][5]. - The total inflated revenue amounted to approximately 717.23 million yuan, while inflated costs totaled about 715.51 million yuan [5]. - Specific years of inflated figures include: - 2020: Revenue inflated by 365.77 million yuan (12.04% of reported revenue) and costs inflated by 364.92 million yuan (13.30%) [5]. - 2021: Revenue inflated by 142.61 million yuan (10.87%) and costs inflated by 143.23 million yuan (11.11%) [5]. - 2022 (first half): Revenue inflated by 208.85 million yuan (69.05%) and costs inflated by 207.35 million yuan (69.79%) [5]. Regulatory Actions - On May 18, 2024, Zhejiang Furun received an administrative penalty decision from the Zhejiang Regulatory Bureau of the CSRC, confirming the existence of the aforementioned illegal activities [3].

Group 1 - The core issue is the financial fraud and subsequent delisting of Zhejiang Furun Digital Technology Co., Ltd. (*ST Furun), which faced severe penalties due to its actions [1][2] - From January 2020 to mid-2022, *ST Furun's subsidiary, Taiyi Zhishang, inflated revenue by 717 million yuan and costs by 716 million yuan through fictitious transactions, leading to significant misstatements in multiple financial reports [1][2] - The company was fined 5.5 million yuan, and key executives received individual fines totaling 2.5 million yuan for the fraudulent activities [1] Group 2 - As of the end of 2024, *ST Furun had accounts receivable of 1.596 billion yuan, with a bad debt provision of 1.449 billion yuan, indicating severe financial distress [2] - The audit report revealed that the company could not provide sufficient documentation to verify the nature and authenticity of its accounts receivable, raising concerns about its financial integrity [2] - The stock price of *ST Furun continued to decline, leading to its delisting in April 2025 after failing to meet the minimum price and market capitalization requirements [2] Group 3 - Investors who suffered losses during the specified period are eligible to file claims against the company, with legal support being organized for affected shareholders [3] - The initial assessment indicates that investors who purchased shares between April 27, 2021, and April 27, 2023, and sold or still hold shares after April 28, 2023, may qualify for compensation [3]

Core Viewpoint - China is the world's largest producer of silk, with a rich history of over 5000 years in sericulture and silk production, and the industry plays a significant role in economic development, cultural confidence, and international cooperation [1][9]. Industry Characteristics and Categories - The silk industry encompasses a complete industrial chain from sericulture to silk processing and product sales, characterized by labor intensity, resource dependence, high added value, and strong cultural attributes [2][6]. - Silk products can be categorized into raw silk, silk fabrics, finished silk products, and by-products [4]. Current Development Status - In 2023, China's silkworm cocoon production was 806,700 tons, projected to decrease to approximately 780,000 tons in 2024. The average purchase price for silkworm cocoons in 2023 was 55.46 yuan/kg [6][8]. - The revenue of large-scale silk enterprises in China is expected to reach 76.585 billion yuan in 2024, an increase of 11.829 billion yuan from 2023 [9][11]. - The silk processing industry is divided into three main categories: silk reeling, silk weaving, and silk dyeing, with the silk weaving sector generating the highest revenue [9][12]. Production and Revenue - The production of silk and blended fabrics is projected to reach 269 million meters in 2024, a 6.2% increase from 2023 [11]. - The revenue growth rates for different segments in 2024 are as follows: silk weaving and processing at 2.6%, silk reeling at 11.36%, and silk dyeing at a decline of 1.4% [9][12]. Industry Chain - The silk industry has developed a complete supply chain, including raw material supply, silk manufacturing, and product distribution, with key upstream activities involving mulberry cultivation and silkworm breeding [13]. Competitive Landscape - The silk industry is characterized by a rich cultural heritage, with major companies like Jiaxin Silk, Kai Xiya, and others leading the market. The market concentration is relatively low, with a CR7 of 11% [15][18]. Development Trends - The silk industry is transitioning from traditional manufacturing to high value-added, intelligent, and green production methods, maintaining a competitive edge in the international market [20].

Group 1 - The core point of the article is that Zhejiang Furun Digital Technology Co., Ltd. (*ST Furun) has been penalized for serious financial misconduct, leading to the termination of its stock listing on April 30, 2025 [1][2][3] - The company engaged in fraudulent activities through its subsidiary, resulting in inflated revenue and costs amounting to 717 million yuan and 716 million yuan respectively from 2020 to mid-2022 [1] - The Shanghai Stock Exchange issued a notice on April 10, 2025, indicating that *ST Furun's stock had been trading below 1 yuan for 20 consecutive trading days, triggering delisting conditions [3] Group 2 - The Zhejiang Securities Regulatory Bureau imposed a fine of 5.5 million yuan on *ST Furun, with additional penalties for key executives, including 2.5 million yuan for the chairman and vice-chairman [2] - The penalties highlight the serious consequences of financial misconduct and serve as a warning to other listed companies about the repercussions of illegal activities [3] - Investors who suffered losses due to the company's actions may be eligible for compensation, with specific conditions outlined for claims based on trading dates [3]