天眼查App显示，近日，常德市德胜纸业有限责任公司成立，法定代表人为万春秀，注册资本100万人 民币，经营范围为许可项目：烟草制品零售;酒类经营（依法须经批准的项目，经相关部门批准后方可 开展经营活动，具体经营项目以批准文件或许可证件为准）一般项目：纸浆制造;纸制造;纸制品制造;纸 制品销售;纸浆销售;日用品批发;日用品销售;日用百货销售;化妆品批发;化妆品零售;养生保健服务（非医 疗）;保健食品（预包装）销售;食品销售（仅销售预包装食品）;第一类医疗器械销售;第二类医疗器械 销售;会议及展览服务（除依法须经批准的项目外，自主开展法律法规未禁止、未限制的经营活动）。 ...

天眼查App显示，近日，东莞祥运精密模具有限公司成立，注册资本30万人民币，经营范围为一般项 目：模具制造；化妆品零售；化妆品批发；第一类医疗器械销售；日用品销售；日用品批发；金属加工 机械制造；金属切削加工服务；金属切削机床制造；金属切削机床销售；机床功能部件及附件销售；机 床功能部件及附件制造；其他通用仪器制造；汽车零部件及配件制造；五金产品零售；五金产品批发； 五金产品制造；照明器具生产专用设备销售；照明器具销售；照明器具制造；橡胶制品销售；橡胶制品 制造；工业自动控制系统装置制造；金属制品修理；机械设备销售。（除依法须经批准的项目外，凭营 业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，长沙市途鹰电器有限公司成立，法定代表人为李晰，注册资本100万人民币， 经营范围为一般项目：灯具销售;照明器具销售;照明器具生产专用设备销售;光学仪器销售;化妆品批发; 化妆品零售;美发饰品销售;户外用品销售;日用品销售;日用百货销售;日用家电零售;日用杂品销售;针纺织 品销售;服装服饰批发;服装服饰零售;音响设备销售;电子产品销售;家用电器销售;专业设计服务;国内贸易 代理;贸易经纪;货物进出口;技术进出口;鞋帽批发;鞋帽零售;箱包销售;个人卫生用品销售;母婴用品销售; 食品用洗涤剂销售;家居用品销售;互联网销售（除销售需要许可的商品）;技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广;软件开发;物联网技术研发;人工智能基础软件开发（除依法须经批 准的项目外，自主开展法律法规未禁止、未限制的经营活动）。 ...

Group 1 - Shenzhen St. Van Gogh Glasses Technology Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Wu Maoqiang [1] - The company's business scope includes eyewear sales (excluding contact lenses), eyewear manufacturing, optical glass manufacturing, and various other services and products [1] Group 2 - The company is involved in general business activities such as technical services, marketing planning, and internet sales [1] - There are no licensed business activities listed for the company [1] - The company is permitted to operate independently based on its business license without needing further approvals for its activities [1]

Core Insights - In June 2025, Estonia's retail trade turnover reached €928 million, marking a year-on-year growth of 5% [1] Retail Performance by Sector - Specialty stores selling computers and accessories, telecommunications equipment, and sports equipment saw a significant turnover increase of 21.8% [1] - Sales of second-hand goods and non-store retail (including stalls, markets, and direct sales) experienced a turnover growth of 13.2% [1] - E-commerce and mail-order retail recorded a turnover increase of 13% [1] - Retail turnover for automotive fuel increased by 12.2% [1] - Stores selling home goods, appliances, hardware, and building materials saw a turnover rise of 10.3% [1] - Pharmacies and cosmetics specialty stores reported an 8.4% increase in turnover [1] - Specialty stores selling textiles, clothing, and footwear experienced a modest turnover growth of 2.6% [1] - Department stores focused on industrial products faced a turnover decline of 2.2% [1] - Grocery stores selling tobacco, alcohol, and beverages saw a turnover decrease of 3.6% [1] Overall Retail Trade Performance - In the first half of 2025, Estonia's retail trade turnover reached €5.22 billion, reflecting a year-on-year growth of 4% [1]

Core Viewpoint - The article highlights the recent decision by the Shanghai Stock Exchange to terminate the listing of Hubei Jiuyou Investment Co., Ltd. (*ST Jiuyou) due to continuous financial fraud over four years, emphasizing that companies cannot evade accountability through delisting [1][4][8]. Group 1: Company Overview - *ST Jiuyou primarily engages in comprehensive marketing services and cosmetics sales, having been listed on the Shanghai Stock Exchange since 2003 [2]. - The company was placed under delisting risk warning starting May 6, 2024, due to negative net assets reported at the end of 2023 [2]. Group 2: Financial Misconduct - *ST Jiuyou has been found guilty of significant financial misconduct, including failing to disclose related party transactions and fabricating financial reports from 2021 to 2023 [3][2]. - The 2020 annual report was inflated by CNY 63.97 million (approximately USD 9.1 million), representing 471.03% of the reported profit for that year [3]. Group 3: Regulatory Actions - The company and its responsible parties face severe penalties from the China Securities Regulatory Commission (CSRC), including a fine of CNY 8.5 million (approximately USD 1.2 million) for the company and CNY 15 million (approximately USD 2.1 million) for the former actual controller, who is also banned from the market for ten years [3]. - The CSRC has adopted a "delisting does not exempt from liability" principle, ensuring that companies and responsible individuals are held accountable for their illegal activities even after delisting [8]. Group 4: Broader Industry Context - Another company, Shenzhen Guangdao Digital Technology Co., Ltd., is also facing potential delisting due to serious financial fraud, indicating a trend of increased scrutiny and regulatory action against financial misconduct in the industry [5][6]. - The regulatory environment is tightening, with the CSRC pursuing accountability for 35 delisted companies and their responsible parties, reinforcing the message that financial fraud will not be tolerated [8].