Xin Lang Cai Jing·2026-01-12 05:44Core Viewpoint - Zhejiang Furun (600070) is facing legal actions due to allegations of financial misconduct, including the inflation of revenue and costs through fictitious advertising transactions, leading to false financial disclosures [1][2][3] Financial Misconduct Details - From January 2020 to mid-2022, Zhejiang Furun inflated its total revenue by approximately 717.23 million yuan and its costs by about 715.51 million yuan [2][3] - In 2020, the inflated revenue was 365.77 million yuan, accounting for 12.04% of the reported figures, while the inflated costs were 364.92 million yuan, representing 13.30% [2][3] - In 2021, the inflated revenue was 142.61 million yuan (10.87%) and costs were 143.23 million yuan (11.11%) [2][3] - In the first half of 2022, the inflated revenue reached 208.85 million yuan (69.05%) and costs were 207.35 million yuan (69.79%) [2][3] Legal Proceedings and Investor Claims - The Shanghai Jucheng Law Firm, led by lawyer Xu Feng, is actively pursuing claims on behalf of investors who purchased Zhejiang Furun shares between April 27, 2021, and April 28, 2023, and either sold or continued to hold the shares after that date [2][3] - The law firm has reported previous victories in similar cases, indicating a potential for successful claims for affected investors [2][3]