复旦复华领正式处罚，“靴子”落地，索赔持续征集中

Regulatory Actions - On December 26, ST Fudan (Fudan Zhuhua) announced it received an administrative penalty decision from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (CSRC) due to false records in its annual reports for 2019, 2020, and 2023, leading to other risk warnings [1] - This penalty will severely impact the company's financing capabilities and market image [1] Financial Misconduct - The CSRC's penalty document revealed specific methods of financial fraud by Fudan Zhuhua, including underreporting operating costs by 50.65 million yuan in 2019, resulting in an inflated total profit of the same amount; underreporting operating costs by 2.59 million yuan in 2020, also inflating total profit; and underreporting asset impairment losses by 27.82 million yuan in 2023, again inflating total profit [2] - The company received a warning and was fined 4 million yuan, with related executives also facing penalties [2] Investor Rights and Legal Actions - Investors participating in lawsuits must pay attention to the statute of limitations and whether they meet the criteria for claims, which include buying shares between April 19, 2014, and March 20, 2024, and selling or holding them at a loss after March 21, 2024, or buying between April 30, 2024, and August 5, 2024, and selling or holding at a loss after August 6, 2024 [3]