Zheng Quan Shi Bao Wang·2025-12-25 13:49Core Viewpoint - The court ruling in favor of Fuanna against CITIC Securities regarding overdue financial products marks a significant development in the ongoing dispute, with the company set to recover a substantial portion of its investment [2][3]. Group 1: Legal Proceedings and Rulings - Fuanna has received a first-instance judgment from the Futian District People's Court, which mandates CITIC Securities to compensate Fuanna with 29.2863 million yuan within ten days of the ruling's effectiveness [2]. - The court has determined that any subsequent recoveries from the involved asset management plan will be split equally between Fuanna and CITIC Securities, with the compensation capped at the aforementioned amount [2]. - The case stems from Fuanna's purchase of the fixed-income financial product "Fu An No. 1" in 2021, which defaulted on March 19, 2022, leading to Fuanna filing a lawsuit in August 2023 [2][3]. Group 2: Financial Implications - As of September 30, 2025, the net asset value of "Fu An No. 1" is reported to be 77.8205 million yuan, with Fuanna still expecting to recover 106 million yuan in principal and related fixed income [3]. - The total amount recoverable from the product, including already withdrawn and pending investment returns, suggests that Fuanna could recover nearly 70% of its principal investment [3]. - Fuanna has previously recognized an impairment loss of 27.8772 million yuan related to the overdue payments from "Fu An No. 1" [3]. Group 3: Company Response and Future Actions - Fuanna has expressed dissatisfaction with the judgment and has not ruled out the possibility of appealing the decision [4]. - The company is taking the legal proceedings seriously and has engaged a professional legal team to protect its and its shareholders' rights [3].