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Fuana announced that in 2021, the company purchased CITIC Securities's “Fu'an No. 1” wealth management product and was overpaid in 2022. The company sued in August 2023, and the court heard three times in 2024. As of 2025, the net asset value of “Fu'an No. 1” at the end of the period was 778.205 million yuan, depreciated by $278.777 million, and the remaining principal amount of $105.6977 million was not recovered. Recently, in the first instance judgment, CITIC Securities compensated 29.2863 million yuan for principal losses within 10 days. Subsequent liquidations were split equally between the two parties at 50% ratio. The upper limit was the compensation amount, and other claims were rejected. The judgment is not final, and the impact on profits is yet to be determined.

Zhitongcaijing·12/25/2025 09:49:02
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Fuana announced that in 2021, the company purchased CITIC Securities's “Fu'an No. 1” wealth management product and was overpaid in 2022. The company sued in August 2023, and the court heard three times in 2024. As of 2025, the net asset value of “Fu'an No. 1” at the end of the period was 778.205 million yuan, depreciated by $278.777 million, and the remaining principal amount of $105.6977 million was not recovered. Recently, in the first instance judgment, CITIC Securities compensated 29.2863 million yuan for principal losses within 10 days. Subsequent liquidations were split equally between the two parties at 50% ratio. The upper limit was the compensation amount, and other claims were rejected. The judgment is not final, and the impact on profits is yet to be determined.