受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 一、财务造假被处罚 12月10日，九有投资发布公告称，公司收到证监会下发的行政处罚决定书。退市九有原董事长李明被上 交所公开谴责，并被认定10年内不适合担任上市公司董事、监事、高级管理人员。 据监管查明，2020年至2023年，退市九有及其子公司通过虚构业务、隐瞒关联交易等手段虚增利润。而 公司已经在半年前的2025年7月21日退市。 上海沪紫律师事务所刘鹏律师表示退市九有案再次敲响了上市公司财务规范的警钟，展示了监管机 构"退市不免责"的决心。已收到数百位投资者的索赔报名，并陆续递交立案中。（刘鹏律师专栏） 二、投资者索赔要求 根据调查结果，退市九有存在两项主要违法事实。包括未按规定披露关联交易，导致2020年年度报告存 在重大遗漏和虚假记载。同时，其2021年至2023年年度报告也存在虚假记载问题。 其次是连续三年的系统性财务造假。2021年至2023年期间，公司通过子公司北京中广阳企业管理有 ...

Core Viewpoint - The marketing firm Hua Yu Hua is facing a significant brand trust crisis due to a public dispute with entrepreneur Luo Yonghao, which has raised questions about its professional integrity and reputation [2]. Group 1: Company Background - Hua Yu Hua was founded in July 2002 and has established itself as a prominent player in the advertising industry, known for creating "super symbols" [14]. - The company has a history of notable advertising campaigns and collaborations, including partnerships with major brands such as Xibei and various food and beverage companies [10][12]. Group 2: Recent Developments - On November 26, 2023, Luo Yonghao issued an ultimatum to Hua Yu Hua's founder, Hua Shan, demanding a public apology regarding comments about Xibei being "set up" [2]. - This incident marks the second confrontation between Hua Yu Hua and Luo Yonghao in three months, indicating escalating tensions and potential reputational damage for the firm [2]. Group 3: Financial Aspects - Hua Yu Hua's consulting services start at 6 million yuan per year, with significant contracts including a 60 million yuan brand consulting service for Xibei from 2013 to 2023 [12]. - The company has also faced financial challenges, with its publishing arm experiencing stagnant revenue growth [30]. Group 4: Educational Initiatives - Hua Yu Hua has established a business school and published various books on branding and marketing strategies, contributing to its reputation as a thought leader in the industry [18][33].

MARA Holdings, Inc. (MARA) - MARA reported a first-quarter 2025 loss of 40 cents per share, which was worse than the Zacks Consensus Estimate of a loss of 34 cents per share and significantly higher than the previous year's loss of 6 cents [1] - Total revenues for the quarter were $213.9 million, slightly missing the consensus estimate but representing a 29.5% increase from the year-ago quarter [1] - The company produced 2,286 bitcoins during the quarter, a decrease of 19% compared to the same period last year [2] - The energized hash rate increased to 54.3 exahashes per second, reflecting a 95% year-over-year growth [2] - The cost per petahash per day rose by 25% year-over-year to $28.5, while the purchased energy cost per bitcoin was $35,728 [2] - Adjusted EBITDA showed a loss of $483.6 million, down from earnings of $542.1 million in the previous year [3] - At the end of the quarter, MARA held 47,531 bitcoins and had cash and cash equivalents of $196.2 million, down from $391.8 million in the prior quarter [3] S&P Global (SPGI) - SPGI reported adjusted EPS of $4.37, exceeding the Zacks Consensus Estimate by 3.6% and increasing 9% year-over-year [4] - Revenues reached $3.8 billion, beating the consensus estimate by 2% and growing 8.3% year-over-year [4] Verisk (VRSK) - VRSK's adjusted earnings were $1.73 per share, surpassing the Zacks Consensus Estimate by 3.6% and increasing 6.1% from the year-ago quarter [5] - Total revenues amounted to $753 million, slightly beating the consensus estimate and increasing 7% year-over-year [5] Interpublic (IPG) - IPG reported adjusted earnings of 33 cents per share, exceeding the Zacks Consensus Estimate by 10% but decreasing 8.3% from the previous year [6] - Net revenues of $2 billion missed the consensus estimate slightly and declined 20% year-over-year, while total revenues of $2.3 billion decreased 7.2% year-over-year but surpassed the Zacks Consensus Estimate [6]

Core Insights - H&R Block, Inc. reported strong third-quarter results for fiscal 2025, with adjusted earnings of $5.38 per share, exceeding the Zacks Consensus Estimate by 5.1% and increasing 8.9% year-over-year. Total revenues reached $2.28 billion, slightly surpassing the estimate by 1.4% and growing 4.2% year-over-year [1] Financial Performance - Revenues from U.S. tax preparation and related services were $2.14 billion, down 5.2% year-over-year. Financial services revenues were $54.5 million, a decline of 12.6%. International revenues decreased by 11.5% to $60.4 million, while Wave revenues increased by 13.3% to $26.7 million [3] - The company ended the quarter with cash and cash equivalents of $773 million, down from $794.6 million year-over-year. Long-term debt decreased to $1.14 billion from $1.5 billion in the previous year. Operating activities used $429.3 million in cash, with capital expenditures at $71.8 million [4] FY25 Outlook - For fiscal 2025, H&R Block expects revenues between $3.69 billion and $3.75 billion, with a midpoint of $3.72 billion aligning with the Zacks Consensus Estimate. Adjusted EPS is projected in the range of $5.15 to $5.35, with a midpoint of $5.25 above the consensus estimate of $5.23. EBITDA is expected to be between $975 million and $1.02 billion, with an effective tax rate of 13% [5] Stock Performance - H&R Block shares have increased by 25.3% over the past year, significantly outperforming the industry, which has seen an 18% decline [2]