wumiancaijing.com / 金雅福超70亿理财产品暴雷后，实控人黄仕坤的关联公司，还从港股市场套现1.45亿港元。 重要提醒！！！为防失联，请"星标"我们！进入无冕财经公众号，点击右上角"..."，再""，以便您及时接收每篇推送~ 作者：贾琦 编辑：陈涧 设计：岚昇 暴富在地产，暴雷也在地产。 "我在房价高位卖了房，套现出来投进金雅福的理财产品，本想着换点稳稳的收益。"一位金雅福投资者苦笑着说，"现在房子没了，钱也没了。" 12月24日，国际金价首次突破4500美元/盎司的历史新高，而深圳世界金融中心大厦内，金雅福总部早已人去楼空。就在今年9月， 这家公司还以561.2亿 元的营收，位列"2025中国企业500强"榜单第437名。 但当潮水真正退去，人们才发现，那个想象中的由黄金砌成的帝国之下，是一个需要不断填入现金才能维持平衡的深坑。 而那只试图"点石成金"的手，最终点向的并不是黄金，而是投资者的真金白银，和一座座难以变现的钢筋水泥空壳。 操盘手的百亿生意 在深圳水贝商圈，老一辈黄金人对黄仕坤的评价出奇一致：聪明、勤奋。2023年，他以95亿元身家登上胡润百富榜，是水贝黄金圈里少有的明星级人物。 ...

Core Viewpoint - The article discusses the financial troubles faced by Jinyafu Group, highlighting widespread defaults on investment products and potential illegal fundraising activities [2][3][39]. Group 1: Company Overview - Jinyafu Group, established in 2006, is a well-known gold processing company based in Shenzhen, specializing in a comprehensive range of services in the gold and jewelry industry [5]. - The company has developed into a one-stop service provider, including cultural innovation research, smart manufacturing, personalized customization, smart retail, gold recycling, refining, and logistics [5]. Group 2: Investment Product Issues - Since June 2023, multiple investment products associated with Jinyafu have experienced significant payment defaults, with estimated funds involved ranging from 7 billion to 8 billion yuan [2][5]. - Many of these products promised annual returns exceeding 10%, with some investors reporting that their returns ceased as of June [2][3]. - The company has proposed several "upgrade plans" to delay the pressure from these defaults, including converting expired projects into franchise operations and offering debt guarantees from related parties [5][6]. Group 3: Legal and Regulatory Concerns - Legal pressures have intensified, with multiple civil cases against Jinyafu, including a significant case related to financial contract disputes set to be heard in December 2023 [8][39]. - The company has been accused of using complex contractual arrangements to mislead investors, particularly through a model labeled as "golden entrustment," which has raised concerns about potential illegal fundraising [12][39]. - Regulatory bodies have indicated that the company's practices may violate laws against illegal fundraising, as they appear to attract public investment without proper authorization [39]. Group 4: Investment Models and Returns - Jinyafu's investment products often involve a two-step process where investors first sign a physical gold purchase contract without taking delivery, followed by a contract with a third party for investment purposes [12][20]. - The "Cultural Gold" product claims to offer high returns through various sales channels, but industry insiders question the feasibility of achieving promised profit margins [14][15]. - Some investment agreements include clauses that effectively guarantee returns, blurring the lines between equity investment and debt, which raises further regulatory concerns [31][34]. Group 5: Investor Experiences and Reactions - Investors have reported significant delays in receiving payments, with some employees of Jinyafu also experiencing reduced benefits and delayed salaries [8][39]. - The company has been accused of using "pyramid schemes" to circumvent investor qualification requirements, allowing individuals with insufficient financial assets to participate in high-risk investments [34][39].