Core Viewpoint - Longyu Co., Ltd. has been found guilty of false statements in its financial reports from 2019 to 2022, leading to significant overstatements of revenue and profits, which has resulted in legal actions from investors [2][4]. Group 1: Financial Misconduct - Longyu Co., Ltd. inflated its revenue and profits in annual reports from 2019 to 2022 through fictitious trade chains and artificial business processes [2][4]. - The inflated figures include: - 2019: Revenue inflated by 224.23 million yuan (16.61% of reported revenue), profit inflated by 573 thousand yuan (60.48% of reported profit) - 2020: Revenue inflated by 398.58 million yuan (44.57%), profit inflated by 1.11 million yuan (10.36%) - 2021: Revenue inflated by 402.42 million yuan (50.46%), profit inflated by 951.95 thousand yuan (7.48%) - 2022: Revenue inflated by 428.82 million yuan (42.95%), profit inflated by 1.09 million yuan (23.92%) [2][4]. Group 2: Non-Disclosure of Related Transactions - Longyu Co., Ltd. failed to disclose non-operating fund occupation related to associated transactions, with balances of 333 million yuan, 875 million yuan, and 882 million yuan from 2022 to 2024, representing 9.19%, 23.64%, and 26.53% of net assets respectively [3][5]. - The company did not disclose these fund occupations in its 2022 and 2023 annual reports [3][5]. Group 3: Legal Actions and Investor Compensation - A court ruling has favored some investors in their claims against Longyu Co., Ltd. for false statements, allowing eligible investors to initiate compensation lawsuits [1][4]. - Longyu Co., Ltd. has announced it will compensate investors according to court rulings or mediation results, with some cases already in the mediation phase [1][4].
龙宇股份(603003)投资者索赔案前期已有胜诉,还可继续起诉