According to Derun Electronics' latest announcement, the company was found to have committed financial fraud. Over a period of two and a half years, fictitious repayments totaled more than 500 million yuan, causing many of its financial reports to be falsely recorded. In the end, the company and those responsible were fined more than 20 million dollars. According to the arrangement, Derun Electronics will implement other risk warnings from the opening of the market on January 6, and the stock abbreviation will be changed to ST Derun. It was also revealed that on the same day, Kim Tong-ling changed “wearing a hat with a star” to *ST Kim Ling. Prior to that, at the end of 2025, a number of A-share companies intensively disclosed the news that the case had been filed, mostly due to suspected illegal disclosures, such as Platinum, Enlightenment Design, etc. This past year, 2025, was a major year of supervision of listed companies. According to Wind data, more than 80 A-share companies and more than 200 responsible persons were investigated last year, about 40% of which were ST companies. As the investigation of the case was completed, several companies were found to have committed long-term financial fraud and were fined a large amount of money as a result. As a result, some companies were delisted. Hu Lifang, an associate professor at the School of Business at China University of Political Science and Law, told the reporter that in 2025, capital market supervision will become more strict, reflecting the consistent strict supervision ideas that the Securities Regulatory Commission has adhered to since the “Nine Rules of the New Country” last year.

According to Derun Electronics' latest announcement, the company was found to have committed financial fraud. Over a period of two and a half years, fictitious repayments totaled more than 500 million yuan, causing many of its financial reports to be falsely recorded. In the end, the company and those responsible were fined more than 20 million dollars. According to the arrangement, Derun Electronics will implement other risk warnings from the opening of the market on January 6, and the stock abbreviation will be changed to ST Derun. It was also revealed that on the same day, Kim Tong-ling changed “wearing a hat with a star” to *ST Kim Ling. Prior to that, at the end of 2025, a number of A-share companies intensively disclosed the news that the case had been filed, mostly due to suspected illegal disclosures, such as Platinum, Enlightenment Design, etc. This past year, 2025, was a major year of supervision of listed companies. According to Wind data, more than 80 A-share companies and more than 200 responsible persons were investigated last year, about 40% of which were ST companies. As the investigation of the case was completed, several companies were found to have committed long-term financial fraud and were fined a large amount of money as a result. As a result, some companies were delisted. Hu Lifang, an associate professor at the School of Business at China University of Political Science and Law, told the reporter that in 2025, capital market supervision will become more strict, reflecting the consistent strict supervision ideas that the Securities Regulatory Commission has adhered to since the “Nine Rules of the New Country” last year.