Core Points - On October 23, the stock price of Luqiao Information closed at 45.1 yuan per share, with a total trading amount of 171 million yuan and a turnover rate of 6.32% [2] - On October 14, Luqiao Information announced that it received a notice of investigation from the China Securities Regulatory Commission (CSRC) due to suspected violations in the disclosure of financial information in periodic reports [2] - The CSRC decided to investigate the company based on the Securities Law of the People's Republic of China and the Administrative Penalty Law [2] - A lawyer indicated that investors who suffered losses due to the company's delayed or inaccurate disclosures could seek compensation if they purchased shares between April 23, 2024, and September 29, 2025, and held them until the market close on September 29, 2025 [2] Trading Activity - On May 30, Luqiao Information reported an abnormal fluctuation in stock trading, with a cumulative price deviation of 66.74% over the two trading days prior [3] - The company conducted a self-examination and confirmed that there were no significant changes in its operational situation or external environment that could affect stock prices [3] - The board of directors stated that there were no undisclosed matters that should have been disclosed according to the Beijing Stock Exchange listing rules [3] Intellectual Property - Luqiao Information holds 156 patents and 291 copyright registrations [4]

雷达财经雷助吧出品 文|林宜采 编|深海 10月22日，路桥信息股价报收于41.17元/股，成交量4.44万手，振幅17.79%。 值得关注的是，10月14日，路桥信息发布《关于公司收到中国证券监督管理委员会立案告知书的公告》。 公告显示，路桥信息于2025年10月14日收到中国证券监督管理委员会（以下简称"中国证监会"）下发的《立案告知 书》（证监立案字0282025016号）。因涉嫌定期报告财务信息披露违法违规，根据《中华人民共和国证券法》《中 华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立案。 对此，四川鼎众律师事务所余君律师向雷达财经表示，上市公司信披不及时、不准确给投资者造成损失的，受损投 资者可依法索赔。凡是在2024年4月22日至2025年9月29日期间买入，并且在2025年9月29日收盘时持有路桥信息股票 的受损投资者，可以报名参加索赔。报名请关注公号"雷助吧"（雷助码：66）参与，获赔前无任何费用。 雷达财经注意到，8月1日，路桥信息发布《2025年半年度业绩预告公告》。 业绩预告期间是2025年1月1日至2025年6月30日。本报告期归属于上市公司股东的净利润-2400万元～- ...

雷达财经注意到，9月23日，路桥信息发布《2025年第二次临时股东会决议公告》。 2025年9月19日，路桥信息在厦门市软件园三期诚毅大街370号18楼公司会议室召开了2025年第二次临时股东会。会议召集人是董事会。会议 主持人是魏聪。公司在任董事7人，出席3人，董事朱喜平、林莉、刘馨茗及程国卿因工作原因缺席；公司在任监事3人，出席1人，监事黄伟 文及林惠芳因个人原因缺席；公司董事会秘书出席会议；公司在任高级管理人员5人，列席4人，于用真因工作原因缺席。 出席和授权出席本次股东会的股东共10人，持有表决权的股份总数5870.4万股，占公司有表决权股份总数的76.5%。其中，通过网络投票参 与本次股东会的股东共1人，持有表决权的股份总数272万股，占公司有表决权股份总数的3.54%。 雷达财经雷助吧出品 文|简白 编|深海 10月17日，路桥信息股价报收于32.99元/股，跌额1.34元，跌幅3.9%。 值得关注的是，10月14日，路桥信息发布《关于公司收到中国证券监督管理委员会立案告知书的公告》。 公告显示，路桥信息于2025年10月14日收到中国证券监督管理委员会（以下简称"中国证监会"）下发的《立案告知书 ...

Core Viewpoint - The company, Luzhou Information, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations related to financial information disclosure in periodic reports, which may lead to potential legal consequences for the company and its investors [3]. Group 1: Company Financial and Legal Issues - On October 14, 2025, Luzhou Information received a notice from the CSRC regarding the initiation of an investigation due to suspected violations of financial disclosure laws [3]. - Investors who suffered losses due to the company's failure to disclose information accurately and timely can file for compensation if they purchased shares between April 22, 2024, and September 29, 2025, and held them until the market close on September 29, 2025 [3]. Group 2: Corporate Governance Changes - On September 4, 2025, Luzhou Information announced the nomination of several individuals for the board of directors, including Mao Yuming, Lin Xiuzong, Wei Cong, Chen Yongchuan, and Cai Zhibin, all of whom will serve a term of three years pending shareholder approval [4][5][6]. - Wei Cong holds 780,000 shares, representing 1.02% of the company's total equity, while the other nominees do not hold any shares [4][5][6]. - The company stated that the board changes are part of a normal rotation process and comply with relevant laws and regulations, ensuring no adverse impact on its operations [6]. Group 3: Company Background - Luzhou Information was established in 2001 and is located in Xiamen, Fujian Province [7].

证券之星消息，10月16日IT服务板块较上一交易日下跌0.92%，路桥信息领跌。当日上证指数报收于 3916.23，上涨0.1%。深证成指报收于13086.41，下跌0.25%。IT服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688228 | 开普云 | 211.00 | 11.76% | 6.12万 | 12.48亿 | | 000158 | 常山北明 | 24.57 | 9.98% | 153.65万 | 36.25亿 | | 300448 | 浩云科技 | 7.63 | 8.07% | 91.80万 | 6.88 亿 | | 300846 | 首都在线 | 23.42 | 5.16% | 56.17万 | 13.14亿 | | 300339 | 润和软件 | 61.01 | 4.86% | 79.99万 | 47.49亿 | | 688316 | 育云科技 | 64.60 | 3.93% | 2.53万 | 1.60亿 | | 920806 | 云星宇 | 1 ...

Group 1 - The stock price of Luqiao Information (920748) closed at 38.77 yuan on October 15, down 8.13%, with a trading volume of 47,900 shares and a turnover of 163 million yuan [1] - The stock has experienced a cumulative decline of 20.99% this year, with two days in the last five trading days showing a drop of over 5% [2][5] - On October 15, the net inflow of main funds was 757.76 million yuan, accounting for 4.65% of the total trading volume, indicating a counter-trend accumulation by main funds [3][5] Group 2 - On October 14, Luqiao Information was investigated by the China Securities Regulatory Commission for suspected violations of securities laws and regulations related to information disclosure [4][5]

Core Viewpoint - Both Ru Yi Group and Lu Qiao Information have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, with both companies reporting significant financial losses in the first half of the year [1][2][6]. Ru Yi Group - Ru Yi Group has been under investigation since October 14, receiving a notice from the CSRC for suspected information disclosure violations [2]. - The company has reported continuous losses for three consecutive years from 2022 to 2024, with a net profit of -96.73 million yuan in the first half of 2025, a decline in revenue of 32.25% year-on-year, totaling 154 million yuan [5][9]. - The main business of Ru Yi Group includes the design, production, and sales of textiles and garments, with a complete industry chain from wool to fabric to clothing [5]. Lu Qiao Information - Lu Qiao Information also received a notice from the CSRC on October 14 for suspected violations related to the disclosure of financial information in periodic reports [6]. - The company reported a significant decline in revenue of 53.64% year-on-year, with total revenue of 30.44 million yuan and a net profit of -24.89 million yuan in the first half of 2025 [9][10]. - Lu Qiao Information's main business involves providing information technology products and solutions for the transportation sector, utilizing technologies such as AI, IoT, and big data [8].

Core Viewpoint - The company, Luqiao Information, has been notified by the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations related to the disclosure of financial information in periodic reports [2] Group 1 - On October 14, 2025, the company received a formal notice from the CSRC indicating that it is under investigation for suspected violations [2] - The investigation is focused on the company's financial information disclosure practices [2]

Core Viewpoint - The company, Luqiao Information, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations in financial information disclosure, following a significant revision of its financial reports that revealed a drastic reduction in projected profits for 2024 by 84.91% [1][4]. Group 1: Regulatory Actions - The CSRC issued a notice of investigation due to suspected violations in the disclosure of financial information in periodic reports [1]. - Prior to the CSRC's investigation, the Xiamen Securities Regulatory Bureau had already mandated corrective measures due to significant internal control deficiencies related to financial reporting [3][4]. - The company has committed to developing a rectification plan and improving its internal control systems in response to regulatory requirements [4]. Group 2: Financial Reporting Issues - Luqiao Information corrected seven financial reports from the past two years, significantly adjusting its financial data, including a major reduction in net profit for 2024 [3][4]. - The adjustments were made using the retrospective adjustment method, affecting reports for 2023 and 2024, among others [3]. Group 3: Management Changes - The company experienced notable management turnover, with both the chairman and the general manager resigning within a month prior to the investigation [4][5]. - The chairman, Yu Zheng, resigned for personal reasons and held 1.42% of the company's shares, while the general manager, Wei Cong, also resigned but retained a position on the board [5].

Core Viewpoint - Luqiao Information's financial performance is suspected to have significant accounting errors, raising questions about potential financial fraud [1] Company Overview - Luqiao Information, established on July 26, 2001, officially listed on the Beijing Stock Exchange on August 16, 2023. The company specializes in providing information technology products and solutions for the transportation sector using AI, IoT, big data, and cloud computing [2] Financial Reporting Issues - The company has received regulatory penalties and has made significant corrections to its financial reports, including the 2023 Annual Report and various quarterly reports for 2024 and 2025 [2] - The adjustments indicate major discrepancies, with 2024 net profit revised from 22.48 million to 3.39 million, a decrease of 84.91%, and 2023 net profit adjusted from 21.58 million to 8.57 million, a decline of 60.29% [3] Regulatory Actions - The Xiamen Securities Regulatory Bureau identified Luqiao Information's financial misrepresentation as a violation of the Securities Law and the Information Disclosure Management Measures, leading to corrective measures and a record in the integrity file [4] Management Changes - The company experienced significant management turnover just before the regulatory penalties, with both the chairman and general manager resigning for personal reasons [8] Revenue Recognition Anomalies - Luqiao Information's revenue recognition practices have raised concerns, particularly with a significant portion of revenue being recognized in the fourth quarter, which is atypical compared to peers [10] - In 2024, the company's fourth-quarter revenue accounted for 57.68% of total revenue, while competitors had lower percentages [10] Declining Financial Performance - The company reported a 53.64% year-on-year decline in revenue for the first half of 2025, with significant drops in various segments, including a 84.84% decrease in rail transit revenue [12][13] - The company faces risks related to market concentration, with 60.36% of revenue coming from Xiamen and 82.33% from Fujian, indicating vulnerability to regional market fluctuations [14]