Core Viewpoint - Investors affected by Tianjin Zhuolang Information Technology Co., Ltd. (formerly known as Zhuolang Technology) can still file claims for compensation due to false statements, as the statute of limitations has not yet expired [1][3]. Group 1: Company Background - Tianjin Zhuolang Information Technology Co., Ltd. has been implicated in false reporting, with its subsidiary allegedly fabricating sales of servers, software, and system integration services from 2019 to 2023, leading to inflated revenue and profits [1][2]. - The company failed to disclose external guarantees in its annual reports for 2019 and 2020, resulting in significant omissions in its financial disclosures [1][4]. Group 2: Legal Proceedings and Compensation - According to the Supreme People's Court's judicial interpretation, investors whose rights were harmed by the company's false statements can file lawsuits for compensation, which includes losses from investment differences, commissions, and stamp duty [4]. - Investors who purchased Zhuolang Technology shares between September 19, 2019, and March 14, 2024, and still held them at the close of trading on March 14, 2024, are eligible to claim compensation [3][5]. - Affected investors must provide specific documentation, including securities account information, stock reconciliation statements from September 1, 2019, to the present, and contact information to initiate claims [5].

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们！ 前期许峰律师代理的卓朗科技投资者索赔案在法院判决投资者胜诉后，投资者目前已经收到法院判定的 赔偿款项。许峰律师代理的卓朗科技投资者索赔已经获得胜诉以及获赔到位。律师团队同步还在继续推 进后续案件的立案工作，还在继续接受其他投资者的索赔委托。 2024年12月25日晚，卓朗科技公告收到证监会《行政处罚决定书》，经查，2019年至2023年，卓朗科技 子公司天津卓朗科技发展有限公司虚构服务器、软件和系统集成服务销售业务，虚增收入和利润。 上述虚假销售业务导致卓朗科技2019年至2023年年度报告分别虚增营业收入24，915.28万元、48， 912.89万元、33，861.50万元、65，612.78万元、8，225.45万元，占各期对外披露营业收入的21.05%、 45.19%、41.60%、72.46%、13.22%；分别虚增利润总额24，915.28万元、30，989.93万元、33，861.5 ...

Group 1 - The core issue revolves around the legal compensation process for investors affected by Zhuolang Technology's fraudulent activities, with recent developments indicating that more investors have successfully received compensation [1][5] - Investors who purchased shares between September 19, 2019, and March 14, 2024, and sold or still hold shares after March 15, 2024, are eligible to join the compensation claims [6] Group 2 - Zhuolang Technology has been found guilty of financial fraud, significantly inflating its revenue and profits through fictitious business activities from 2019 to 2023, with inflated revenue reaching up to 72.46% in certain years [2][6] - The company also failed to disclose external guarantee matters amounting to 491 million yuan in a timely manner, constituting a major omission in information disclosure [3][7] Group 3 - Due to these violations, Zhuolang Technology faces delisting risks as per multiple mandatory delisting clauses of the Shanghai Stock Exchange [4][8] - Despite the potential delisting, the principle of "delisting does not exempt from responsibility" applies, meaning the company remains liable for legal compensation to investors [8]

Group 1 - The company has issued a mediation plan, and cases handled by the Shanghai Huzhi Law Firm have received loss assessment reports and mediation proposals, with previous favorable judgments noted [1][2] - The company was delisted on March 6, 2023, being the first company to be subjected to mandatory delisting due to significant violations after the new delisting regulations were implemented [1][2] - On December 25, 2024, the company received an administrative penalty decision from the China Securities Regulatory Commission (CSRC), confirming that the company had engaged in fraudulent activities for several consecutive years, which severely impacted investors [1][3] Group 2 - The fraudulent activities included the fabrication of server, software, and system integration service sales, leading to inflated revenue and profits, resulting in false records in annual reports from 2019 to 2023 [3] - The total amount of falsely recorded operating income for 2021 and 2022 was 995 million yuan, accounting for 57.85% of the total disclosed annual operating income for those two years, while the total falsely recorded profit amounted to 696 million yuan, representing 56.31% of the total disclosed annual profit [2][3] - Despite the delisting, the company remains operational, and investors can still pursue legal actions to protect their rights and recover losses [2][3]

Core Viewpoint - The article discusses the potential for investors to claim compensation for losses incurred from delisted stocks that have engaged in information disclosure violations, such as financial fraud or misappropriation of funds [3][28]. Group 1: Conditions for Claims - Delisted stocks cannot be directly claimed for compensation; however, if the company has committed information disclosure violations, claims can be made [3]. - A total of 54 delisted companies with disclosure violations are identified as eligible for claims, with ongoing litigation within the statute of limitations [4]. Group 2: List of Eligible Stocks - The article provides a detailed list of 54 delisted stocks that investors can claim against, including their respective conditions for filing claims and the main violations committed [5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28]. - Each stock listed has specific time frames for when shares must have been purchased and held to qualify for claims, along with the nature of the violations [5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28]. Group 3: Legal Considerations - The article notes that the legal system only supports claims for the difference in losses, not the total principal amount, indicating that actual compensation may be less than the total losses incurred [28]. - The claims process is lengthy, often exceeding two years, and investors are advised to be patient [29].

Core Viewpoint - The company has faced significant legal challenges due to severe violations leading to its forced delisting, but investors still retain the right to seek compensation through legal channels [1][2][3]. Group 1: Legal Proceedings and Investor Rights - Recent court rulings have favored investors, with the first instance of a victory being reported, indicating that the delisting does not affect the right to claim compensation [1][2]. - The company was forced to delist on March 6, 2023, being the first to face such action under new regulations for major violations [1][2]. - Investors who purchased shares between September 19, 2019, and March 14, 2024, and sold or still hold shares after March 15, 2024, are eligible to join the compensation claims [3][4]. Group 2: Financial Misconduct Details - The company was found to have engaged in fraudulent activities, including fabricating sales related to servers, software, and system integration services, which inflated its reported revenues and profits [3]. - The total amount of falsely reported revenue for 2021 and 2022 reached 995 million yuan, accounting for 57.85% of the total reported revenue for those years [3]. - The total amount of falsely reported profits for the same period was 696 million yuan, representing 56.31% of the total reported profits [3]. Group 3: Legal Expertise and Support - Investors are encouraged to take action through legal means to recover their losses, with the support of experienced legal professionals specializing in securities claims [4]. - The lawyer involved has a strong track record, having successfully represented over 300 companies and handled more than 14,000 cases with a win rate of 99.2% [4].

Core Viewpoint - The article discusses the ongoing legal proceedings related to Zhuolang Technology, highlighting the company's false statements that led to investor claims and subsequent compensation rulings [2][3][4]. Group 1: Legal Proceedings and Compensation - Zhuolang Technology's investor compensation case has entered a batch mediation phase, with significant progress reported as investors have begun receiving compensation following court rulings in their favor [3][4]. - The first investor represented by attorney Xu Feng has successfully won the case and received the awarded compensation, with the legal team continuing to accept claims from other investors [3][4]. Group 2: Financial Misconduct - Zhuolang Technology's subsidiary, Tianjin Zhuolang Technology Development Co., Ltd., was found to have fabricated sales of servers, software, and system integration services, resulting in inflated revenues and profits from 2019 to 2023 [2][4]. - The inflated revenues reported were 249.15 million yuan, 489.13 million yuan, 338.61 million yuan, 656.13 million yuan, and 82.25 million yuan for the respective years, constituting 21.05%, 45.19%, 41.60%, 72.46%, and 13.22% of the disclosed revenue [2][4]. - The inflated profit totals were 249.15 million yuan, 309.90 million yuan, 338.61 million yuan, 357.13 million yuan, and 82.25 million yuan, representing 33.81%, 7.68%, 41.26%, 86.08%, and 50.27% of the disclosed profit totals [2][4]. Group 3: Investor Rights and Claims - Investors who purchased Zhuolang Technology stock between September 24, 2019, and March 15, 2024, and sold or held the stock after March 15, 2024, are still eligible to initiate claims [3][5]. - The legal services provided by Xu Feng's law firm do not incur any costs for investors who do not receive compensation [5].

Core Viewpoint - The regulatory environment for listed companies in China has intensified in 2025, with over 80 companies facing penalties for information disclosure violations, reflecting a shift from lenient to strict enforcement by the China Securities Regulatory Commission (CSRC) [1][6] Group 1: Regulatory Actions - The CSRC has maintained a high-pressure stance on information disclosure violations, with penalties reaching up to 10 million yuan for companies and 500,000 yuan for responsible individuals, a significant increase from previous years [1][6] - Various types of violations have been identified, including failure to disclose periodic reports, financial fraud, and misuse of funds by actual controllers [1][6] Group 2: Financial Fraud Cases - Notable cases of financial fraud include: - Notai Bio, which inflated revenue by 30 million yuan through a closed-loop funding operation and faced a fine of 76.2 million yuan [2][8] - *ST Zitian, which reported inflated revenue of 2.499 billion yuan over two years, with 78.63% of its 2023 revenue being fictitious [2][8] - *ST Suwu, which failed to disclose its actual controller for several years and inflated revenue by 1.771 billion yuan while concealing 4.755 billion yuan in non-operating fund occupation [2][8] Group 3: Consequences of Violations - The implementation of a strict delisting mechanism has led to over 10 companies facing mandatory delisting due to severe violations, with *ST Yuancheng being the 13th company to face such consequences in 2025 [2][8] - The involvement of third-party entities in fraudulent activities has also been addressed, with penalties imposed on accomplices, such as the case of Nanjing Qingya Trading Co., which faced a fine of 7 million yuan and a 10-year market ban [2][8] Group 4: Shareholder Rights and Legal Actions - The regulatory framework now includes comprehensive accountability measures for not only the companies but also responsible individuals and intermediaries involved in fraudulent activities [4][11] - Shareholders affected by violations have successfully pursued legal actions, with several cases resulting in compensation for investors, highlighting the importance of active participation in seeking redress [4][11]

Core Viewpoint - The ongoing legal actions against Zhuolang Technology (stock code 600225) are a result of false statements leading to investor claims, with recent court rulings favoring investors and compensation being awarded [1][3]. Group 1: Legal Proceedings and Compensation - Zhuolang Technology has faced investor claims due to false statements, with significant progress noted in recent court rulings where investors have won compensation [1][3]. - The first investor represented by attorney Xu Feng has successfully received compensation following a favorable court ruling [1][3]. - The law firm continues to accept claims from other investors and is actively pursuing additional cases related to Zhuolang Technology [1][3]. Group 2: Financial Misrepresentation - Zhuolang Technology's subsidiary, Tianjin Zhuolang Technology Development Co., Ltd., has been found to have fabricated sales of server, software, and system integration services, leading to inflated revenues and profits from 2019 to 2023 [4]. - The inflated revenues reported were 249.15 million, 489.13 million, 338.61 million, 656.13 million, and 82.25 million yuan for the respective years, constituting 21.05%, 45.19%, 41.60%, 72.46%, and 13.22% of the disclosed revenues [2][4]. - The inflated profits reported were 249.15 million, 309.90 million, 338.61 million, 357.13 million, and 82.25 million yuan, representing 33.81%, 7.68%, 41.26%, 86.08%, and 50.27% of the disclosed profit totals [2][4]. Group 3: Investor Eligibility for Claims - Investors who purchased Zhuolang Technology stock between September 24, 2019, and March 15, 2024, and sold or held the stock after March 15, 2024, are eligible to initiate claims [5].

Core Viewpoint - The recent developments in the securities fraud case against Tianjin Zhuolang Information Technology Co., Ltd. (formerly known as Zhuolang Technology) have garnered significant attention, with ongoing efforts for investor compensation due to false statements made by the company [1][5]. Group 1: Case Background - On December 26, 2024, Zhuolang Technology announced that it received an administrative penalty decision from the China Securities Regulatory Commission, revealing that from 2019 to 2023, its subsidiary fabricated sales of servers, software, and system integration services, leading to inflated revenue and profits [5][6]. - The company failed to disclose external guarantees as required, resulting in significant omissions in its annual reports for 2019 and 2020 [5][6]. Group 2: Legal Proceedings and Compensation - The statute of limitations for claims against Zhuolang Technology has not yet expired, and multiple groups of investors have submitted litigation materials through the Zhejiang Yufeng Law Firm [1][5]. - According to the Supreme People's Court's judicial interpretation on false statements, investors whose rights were harmed can file lawsuits for compensation, which includes losses from price differences, commissions, and stamp duty [2][6]. - Investors who purchased Zhuolang Technology shares between September 19, 2019, and March 14, 2024, and still held them at the close of trading on March 14, 2024, are eligible for compensation, as confirmed by previous court rulings [3][6]. Group 3: Required Documentation for Claims - Investors seeking compensation must provide specific documentation, including a securities account information query, stock reconciliation statements from September 1, 2019, to the present, and contact information [4][6].