Jinfu Technology(SZ:300128) Xin Lang Cai Jing·2025-12-19 01:49Core Viewpoint - The article discusses the legal actions being taken against Jinfu Technology for alleged financial misconduct, specifically false reporting of revenues in their financial statements from 2021, and the ongoing efforts for investor compensation [1][4]. Group 1: Legal Proceedings - Some cases related to Jinfu Technology have already been filed in court, with the company's violations traceable back to 2021 [1][4]. - The law firm representing the affected investors has initiated legal proceedings, and investors who purchased shares between April 24, 2021, and August 2, 2024, and suffered losses can register for compensation [1][4]. Group 2: Financial Misconduct - Jinfu Technology and its subsidiary, Shanghai Zhifu High Polymer Materials Co., Ltd., engaged in metal trading with suppliers and customers, but only fulfilled funding obligations while collecting fixed interest, which should not have been recognized as revenue according to accounting standards [2][5]. - This misconduct resulted in inflated reported revenues of CNY 52.9388 million in Q1, CNY 111 million in the first half, and CNY 172 million in Q3 of 2021, representing 20.02%, 21.14%, and 20.74% of the reported revenues for those periods, respectively [2][5]. - The company only corrected these financial discrepancies in a public announcement on March 19, 2022, after the false reporting was identified [2][5].