利欧股份筹划港股上市有无忽悠成分？实控人遭立案调查！

Group 1 - The stock price of Liou Co., Ltd. experienced significant fluctuations, with a cumulative increase of over 20% in three consecutive trading days, triggering stock price anomaly regulations [2] - Liou Co., Ltd. is planning to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange, aiming to enhance its international brand image and financing capabilities [2] - The company's main business is weak, relying heavily on investment income, and its actual controller is under regulatory investigation, raising concerns about the legitimacy of the planned Hong Kong listing [2][6] Group 2 - Liou Co., Ltd. has maintained revenue above 20 billion RMB for several years, with its largest business segment being media agency services, but its growth has stagnated compared to competitors [3][4] - In 2024, Liou Co., Ltd. held a market share of approximately 3% in the media agency sector, significantly trailing behind the leading company, which had a market share of 24% [3][4] - The company has announced plans to use up to 3 billion RMB of its own funds for diversified securities investments, indicating a focus on stock market activities [6] Group 3 - The actual controller of Liou Co., Ltd. is under investigation for suspected insider trading, which may pose challenges for the company's planned overseas listing [6][7] - The investigation involves transactions made by the controller's family member, which have been classified as short-term trading, resulting in a loss [6] - The company asserts that the investigation does not affect its operations and that it will comply with regulatory requirements during this period [7] Group 4 - Liou Co., Ltd. has shown concerning financial metrics, with gross profits fluctuating between 1.3 billion to 1.9 billion RMB, leading to questions about the stability of its business model [8] - The company has reported negative cash flow for four consecutive years from 2021 to 2024, raising doubts about the authenticity of its reported profits [9] Group 5 - Liou Co., Ltd. has engaged in significant related-party transactions, including a recent agreement with a company controlled by its actual controller for construction and engineering services [12][13] - The company claims that these transactions are conducted at market prices and do not harm the interests of the company or its shareholders [13]