此后，公司陷入连环诉讼漩涡：专利代理合同纠纷、金融借款纠纷、服务合同纠纷接踵而至，社保断 缴、拖欠货款的传闻在行业内扩散。更致命的是，Broadcom等国际巨头发起专利诉讼，而见闻录法务 团队已解散，无力应诉。2025年2月，法定代表人盛荆浩被下达限制消费令。 行业洗牌的"血色注脚" 见闻录的崩塌并非孤例。据统计，2025年上半年已有超15家半导体企业破产或进入审查程序，国产射频 前端芯片价格同比暴跌60%，某手机厂商滤波器招标中18家企业竞相压价，部分报价低于成本线。 2025年7月11日，全国企业破产重整案件信息网一纸公告引发市场关注——曾被寄予厚望的见闻录（浙 江）半导体有限公司被苏州新能环境技术股份有限公司申请破产审查，湖州南太湖新区人民法院正式受 理此案。这家承载着国产5G射频芯片突围使命的企业，最终与华夏芯、苏州湃芯等十余家破产或审查 企业共列名单，为行业寒冬再添一抹悲壮色彩。 技术突围的"高光时刻" 2016年，曾任职日本东京精密的盛荆浩回国创立见闻录半导体，瞄准5G射频领域被国际巨头"卡脖 子"的高频滤波器市场。公司选择重资产、高门槛的IDM模式（设计、制造、封装测试全链条），试图 通过垂直整 ...

7月11日晚间，公司公告称，控股股东林浩亮、林若文与上海元一成物科技有限公司（以下简称"元一成 物"）签署的《股份转让协议》及《表决权放弃协议》正式终止，原计划引入的新实控人未能如愿入 主。这场因家族财产清算纠纷引发的"短命交易"，暴露出困境上市公司资本运作的脆弱性，也为ST金 比的保壳自救蒙上阴影。 曾因控制权变更引发市场高度关注的ST金比，其易主之路在筹划近一个月后突然折戟。 *ST金比的案例再次警示：在退市新规下，单纯依赖资本运作"保壳"已难以为继。公司需在夯实主业、 提升盈利能力上下功夫，而非寄希望于"短平快"的控股权转让。对于投资者而言，需警惕概念炒作风 险，避免盲目跟风"易主"题材股。 截至7月14日收盘，*ST金比股价报5.63元/股，总市值20亿元。这场因家族纠纷戛然而止的易主大戏， 能否成为公司痛定思痛、回归主业的转折点？市场正拭目以待。 根据公告，交易终止的核心原因是"受让方实际控制人涉及家族财产清算纠纷，对交易落实带来不确定 性影响"。 业内人士指出，家族纠纷可能引发两大风险：一是支付对价能力存疑，3.46亿元转让款能否按时到账成 谜；二是表决权安排稳定性受损，若纠纷持续发酵，元一成物对 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 7月15日开盘，*ST苏吴（维权）（原江苏吴中）再度跌停，截止发稿，跌停板上封单金额近3亿元，公 司总市值仅剩15.6亿元。 消息面上，7月13日，*ST苏吴披露收到证监会下发的《行政处罚事先告知书》。此前，公司在今年2月 因涉嫌信息披露违法违规被立案调查，随后，董事长钱群山在5月同样因信披问题被立案。如今，违法 行为"水落石出"，*ST苏吴及5位高管均领到不同程度罚单。 四年虚增营收近18亿 经查，2018年2月，*ST苏吴控股股东苏州吴中投资控股有限公司发生股权变更，变更后，钱群山实际 支配*ST苏吴行为，成为*ST苏吴实控人。*ST苏吴2018年至2023年年度报告披露钱群英为实际控制人， 存在虚假记载。 《行政处罚事先告知书》显示，*ST苏吴违法事实包括三个方面：一是未如实披露实控人；二是虚增营 业收入、营业成本和利润；三是未按规定披露关联方非经营性占用资金情况。 此外，*ST苏吴还通过多家关联公司开展无商业实质的贸易业务进行财务"粉饰"。具体来看，*ST苏吴 旗下3家子公司通过 ...

Core Viewpoint - The article highlights the increasing misuse of Generative Engine Optimization (GEO) by financial black and gray market organizations to create fake customer service numbers, leading to consumer fraud. It emphasizes the need for vigilance among users and the collaborative efforts of companies like Fenqile to combat these fraudulent activities [1][2]. Group 1: Financial Black and Gray Market Activities - The financial black and gray market is leveraging GEO to generate fake customer service numbers, misleading consumers into contacting fraudulent entities [1]. - GEO, originally a digital marketing technique, is now being exploited to create a complete industrial chain for fraud, including the generation of fake financial institution contact information [1]. Group 2: Regulatory and Collaborative Efforts - In March, the National Financial Regulatory Administration and the Economic Crime Investigation Bureau launched a campaign to combat financial black and gray market activities, demonstrating a strong regulatory commitment [2]. - Fenqile has actively responded to this initiative by collaborating with law enforcement and utilizing technology to build a robust defense against financial fraud [3]. Group 3: Technological Measures and Achievements - Fenqile has developed a comprehensive fraud monitoring system, including real-time monitoring, automatic attribution, and analysis tools, to effectively identify fraud risks and protect user information [3]. - Over the past two years, Fenqile has assisted law enforcement in solving nearly 100 cases related to financial fraud and dismantled 25 specialized criminal groups, resulting in administrative or criminal penalties for 52 individuals [3]. Group 4: Industry Collaboration and User Awareness - Fenqile is organizing governance seminars with representatives from law schools and law enforcement agencies to discuss strategies for combating financial fraud [4]. - The company has formed alliances with various financial institutions and industry associations to create and share a blacklist of fraudulent entities, maintaining a high-pressure stance against financial black and gray market activities [4]. - Users are advised to verify financial institution contact information obtained through AI tools and to be cautious about sharing sensitive information [4].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 出品：新浪财经上市公司研究院 | 轮次 | 协议日期 | 投局估值 | 融资规模 | | --- | --- | --- | --- | | | | (亿元) | (亿元) | | 天使轮 | 2013年3月28日 | 1.0 | 0.1 | | A$2 | 2015年10月12日 | 2.0 | 0.5 | | A+轮 | 2017年12月28日 | 4.2 | 0.2 | | B轮 | 2017年12月28日 | 4.9 | 1.0 | | C轮 | 2019年9月23日 | 10.6 | 1.5 | | C+轮 | 2020年4月10日 | 11.3 | 0.7 | | D轮 | 2020年11月17日 | 20.8 | 2.6 | | D+轮 | 2021年5月8日 | 22.7 | 1.7 | | D++3 | 2021年7月8日 | 36.0 | 1.9 | | Pre-Est | 2021年12月21日 | 67.8 | 2.8 | | E轮 | 2022年12月25日 | 82.0 | 1.5 | | F轮 | 2024 ...

出品：新浪上市公司研究院 文/夏虫工作室 核心观点：近日，华图山鼎实控人疑现股权纠纷，这是否折射出华图教育"先控股后注入"的方案存瑕疵？华图山鼎相 关控股权稳定性如何？相关纠纷又是否影响相关产权清晰性？此外，华图山鼎大股东质押比例较大，实控人限消背景 下，其资金链又是否紧张？ 近日，华图教育创始人易定宏疑似陷入股权纠纷旋涡。 一个"费话财经"公众号，据其自我介绍为华图教育前人力负责人，该号发布众多文章对易定宏等进行了一系列控诉， 其核心矛盾或源自华图宏阳原股东股份注入上市公司华图山鼎承诺不及预期。即据其公开内容显示，根据上市公司华 图山鼎实控人易定宏在2023年8月股东会承诺在1.5-2年内解决股权穿透问题，即华图宏阳的股东进入华图山鼎作为股 东。截止6月，该纠纷似乎仍未得到解决。 需要指出的是，华图山鼎原为上市公司山鼎设计，华图教育透过先控股后资产注入策略实现了曲线借壳上市。对于"费 话财经"控诉内容真假我们暂不得而知，但我们疑惑的是，华图教育此次曲线借壳是否存在方案设计瑕疵？实控人遭遇 纠纷旋涡背后真正原因又会是什么？ 而后，华图通过"先控股+后注入"策略曲线完成借壳上市。 第一步，华图实控人先控股拿下" ...

Group 1 - The core viewpoint emphasizes that Hongdou Co., Ltd. is leveraging innovation as a driving force for high-quality development, aligning with the call for enhanced innovation vitality and optimized resource allocation from the Yangtze River Delta Integration Development Forum [1][9] - Hongdou Co., Ltd. has established a comprehensive innovation system, integrating industry chain resources and advancing into cutting-edge fields like AI, thereby creating an innovation ecosystem that supports high-quality development [2][9] - The company has significantly enhanced its innovation capabilities, accumulating 128 comfort patents and participating in the formulation of various national and industry standards, which positions it as a leader in driving the textile and apparel industry towards high-end and intelligent development [4][9] Group 2 - The launch of the "Zero-Sense Comfort Shirt" represents a breakthrough in the shirt category, addressing traditional discomfort issues and achieving sales of 2 million units, making it a phenomenon in the market [5][7] - The Zero-Sense Comfort Shirt incorporates advanced technology for intelligent temperature control, allowing for automatic switching between breathability and heat retention, thus maintaining optimal comfort for the wearer [7] - Following the success of the Zero-Sense shirt, the company is further innovating with the 3.0 version, which features ergonomic designs and enhanced fabric softness, achieving a 38% increase in softness and a silk-like touch [7][9]

Group 1 - The Central Committee of the Communist Party of China emphasizes strict legal punishment for financial crimes such as market manipulation, insider trading, illegal fundraising, loan fraud, and money laundering to promote healthy financial market development [2] - The Shanghai State-owned Assets Supervision and Administration Commission is studying stablecoins, indicating a growing interest in digital currencies among various cities [3] - The U.S. Department of Commerce has initiated import investigations into drone systems and polysilicon, potentially leading to new tariffs under Section 232 of the Trade Expansion Act [4] Group 2 - The first half of 2025 saw over 500 A-share companies report positive earnings forecasts, with the highest increase exceeding 30 times [5] - Social financing in the first half of 2025 reached 22.83 trillion yuan, with government bond net financing being a major driving force [6] - Bitcoin's price has surged to a record high of over $120,000, driven by institutional buying and favorable market conditions [7] Group 3 - China's economic growth in the second quarter is expected to exceed 5%, despite challenges from tariff policies [8] - Individual investors are increasingly leveraging their investments, with a significant rise in new margin trading accounts [9] - Apple faces pressure to reassess its AI strategy amid declining market value and calls for acquisitions to enhance its AI capabilities [10] Group 4 - The performance of several industries is improving, with notable growth in sectors such as cement, fluorine chemicals, semiconductors, and AI-related companies [15] - A-share market indices showed mixed results, with the Shanghai Composite Index slightly up, indicating potential for further upward movement [16] - Hong Kong's stock market experienced gains, particularly in technology and pharmaceutical sectors, despite a decline in overall trading volume [17] Group 5 - U.S. stock markets closed higher, with significant gains in cryptocurrency-related stocks, while major tech stocks showed mixed performance [18] - Market strategies indicate resilience in Chinese markets, with expectations for continued strength in the stock and currency markets in the third quarter [19] Group 6 - Several companies have reported significant increases in expected net profits for the first half of 2025, including Su Li Co., which anticipates a growth of over 1000% [23] - Other companies, such as Huahong Technology and Xinyi Solar, also project substantial profit increases, reflecting positive market conditions [25][29] - Conversely, some companies like Huanghe Xuanfeng and JinkoSolar expect significant losses due to market pressures and competitive challenges [37][38]

Core Insights - The first autonomous robot delivery system using subways has been successfully tested in Shenzhen, showcasing a collaboration between Shenzhen Metro Group and Vanke [1][2] - The initiative aims to address delivery challenges faced by subway merchants by utilizing idle subway time and space for efficient, unmanned logistics [2][3] Group 1: Technology and Innovation - The robot delivery system integrates AI scheduling algorithms, panoramic laser radar, and mechanical chassis to optimize delivery routes and ensure autonomous navigation [4] - The system is designed to enhance the efficiency of deliveries to over 100 7-Eleven stores located within Shenzhen's subway stations, potentially improving delivery times and reducing costs [3][4] Group 2: Market Context and Growth - Shenzhen's subway system has seen significant growth, with daily passenger numbers exceeding 10 million, indicating a robust demand for efficient logistics solutions [2] - The city is a leader in robotics, accounting for 20% of China's industrial robot production and 71.3% of the global consumer drone market, highlighting its strong technological foundation [2][3] Group 3: Strategic Collaboration - The partnership between Shenzhen Metro and Vanke represents a strategic move towards integrating technology into traditional logistics, creating a new urban service ecosystem [5][6] - Future collaborations may expand beyond logistics to include areas such as urban development, commercial operations, and infrastructure maintenance, leveraging both companies' resources [5][6]

Core Viewpoint - Dongshan Precision is actively expanding its business through high-value acquisitions in the automotive and optical communication sectors, despite facing significant financial challenges and increasing asset impairment losses. Group 1: Investment Activities - Dongshan Precision's subsidiary DSG will acquire shares in China Renewable Power Infrastructure LPF, with an investment of up to $30 million, sourced from the company's own funds [1] - The company announced a €100 million acquisition of French automotive parts company GMD Group, which has a high debt ratio of 98% and a purchase premium of 560% [1][5] - In June, Dongshan Precision proposed to acquire Source Photonics Holdings for up to ¥59.35 billion, with a purchase premium exceeding 400% and no performance commitments set for the target [2][6][8] Group 2: Financial Performance - Dongshan Precision's revenue for 2024 is projected at ¥36.77 billion, a year-on-year increase of 9.27%, while net profit is expected to decline by 44.74% to ¥1.09 billion, marking a second consecutive year of profit decline [3] - Asset impairment losses have surged from ¥85 million in 2020 to ¥939 million in 2024, a tenfold increase over four years [3] - The company's goodwill has exceeded ¥2.12 billion, with the two recent acquisitions potentially adding around ¥5 billion in goodwill, raising concerns about future impairment risks [2][8] Group 3: Market Position and Strategy - Dongshan Precision operates in the precision metal components sector, primarily serving clients in the new energy and communication equipment industries [3] - The company aims to establish a third growth curve by diversifying into optical communication, alongside its existing focus on consumer electronics and new energy [6] - The strategic acquisitions are part of a broader effort to enhance market scale in the automotive parts sector, despite the associated financial risks [5][8]