持续追责！又一家被立案

Core Viewpoint - The accountability chain for delisted companies continues to extend, with Futong Information's parent company, Futong Group, being investigated for alleged violations of information disclosure laws following Futong Information's delisting due to a significant drop in stock price and performance issues [1][6][10]. Group 1: Company Background and Delisting - Futong Information was delisted on August 1, 2024, after its stock price fell below 1 yuan for 20 consecutive trading days [6]. - The company had a history of two shell changes over its 27 years of listing [6]. Group 2: Financial Performance and Irregularities - In its 2023 annual report, Futong Information reported a revenue of 298 million yuan, a year-on-year decrease of 77.61%, and a net profit of -228 million yuan, a year-on-year decline of 1895.13% [7]. - The company acknowledged accounting errors that led to improper revenue recognition in the first three quarters of 2023 [7]. - An audit report raised significant doubts about the company's ability to continue as a going concern due to substantial transactions with related parties, resulting in 600 million yuan in prepaid accounts [7][8]. Group 3: Regulatory Actions and Industry Implications - Futong Group received a notice from the China Securities Regulatory Commission (CSRC) regarding the investigation into its subsidiary, Futong Information, on October 14, 2025 [1]. - The trend indicates that delisting does not equate to immunity from regulatory scrutiny, as evidenced by multiple companies, including Jiangsu Sunshine, facing investigations post-delisting [10][11]. - The regulatory environment is tightening, with a clear message that accountability extends beyond delisting, reshaping the underlying logic of capital market health [11].