Summary of Key Points Group 1: Company Listings - Guangdong Jiankao (301632) is set to begin its preliminary inquiry on July 29, 2025 [1] - Tianfulong (603406) will announce the online winning rate on July 29, 2025 [1] - Youli Intelligent (920007) is scheduled for online subscription on July 29, 2025 [1] Group 2: Suspension Announcements - In order to protect investor interests, the Invesco Great Wall S&P Consumer Select ETF (QDII) will be suspended from trading starting July 29, 2025, until 10:30 AM on the same day [2] - Multiple bonds from Zhonglin Group (23 Zhonglin Group SCP003, SCP004, SCP005, SCP006, SCP007, SCP008) will be suspended from November 21, 2023 [2][3] - Various other bonds and securities have been suspended for reasons including continuous losses, issuer applications, and other regulatory actions [4][5][6][7][8][9]

证券代码：839680 证券简称：*ST 广道 公告编号：2025-064 深圳市广道数字技术股份有限公司 关于公司股票可能被实施重大违法强制退市的第七次风险提示 公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 特别提示：公司存在重大违法强制退市风险。深圳市广道数字技术股份有限 公司（以下简称"公司"）于 2024 年 12 月 4 日被中国证券监督管理委员会（以下 简称"中国证监会"）立案调查。公司于 2025 年 6 月 13 日收到中国证券监督管理 委员会《行政处罚事先告知书》（【2025】12 号）（以下简称"《告知书》"）， 根据《告知书》认定情况，公司可能被实施重大违法强制退市。目前公司未筹划 债务重组、业务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、 重大业务合作、引进战略投资者等重大事项，敬请投资者注意股价炒作风险。 一、公司股票可能被实施重大违法强制退市的风险暨立案调查进展情况 公司于 2024 年 12 月 4 日晚收到中国证券监督管理委员会(以下简称"中国证 监会 ...

New Stock Issuance - Multiple companies are scheduled for new stock issuance on July 24, 2025, including *ST Zitian (300280) and ST Nanzhi (002305) [1] - Significant announcements were made for companies like Guosheng Tang (300436) and Huayin Power (600744) on July 17 and July 15, respectively [1] Trading Alerts - Companies such as Gaoguan Min Explosive (002827) and Zhongyan Dadi (003001) have recent trading alerts as of July 24, 2025 [1] - A total of 50 companies have been flagged for abnormal trading fluctuations, indicating potential market volatility [2] Market Trends - The report highlights a trend of increased market activity with numerous companies announcing significant changes in stock status [1] - The presence of multiple *ST (Special Treatment) companies suggests heightened scrutiny and potential risk for investors [1] Regulatory Compliance - Companies are required to disclose significant announcements to ensure transparency in trading activities [1] - The report emphasizes the importance of monitoring announcements to assess market conditions and investment risks [1]

Summary of Key Points Core Insights - The report highlights significant stock suspensions for various companies due to major asset restructuring and control changes, indicating potential volatility in the market [2][3][4]. Company-Specific Summaries - **Invesco Great Wall S&P Consumer Select ETF (QDII)**: The ETF will be suspended from trading on July 24, 2025, until 10:30 AM to protect investor interests [2]. - **Hui Green Ecology (001267)**: The stock is suspended due to planning for a major asset restructuring, effective from July 22, 2025 [2]. - **Jiangte Electric (002176)**: The stock is suspended due to a planned change in company control, effective from July 22, 2025 [2]. - **Zhonglin Group SCP Bonds (multiple series)**: Various SCP bonds from Zhonglin Group will be suspended starting November 21, 2023, indicating ongoing financial adjustments [2][3][4]. Industry Insights - The report indicates a trend of companies undergoing significant restructuring, which may lead to increased market volatility and investment risks in the affected sectors [2][3][4].

证券代码：839680 证券简称：*ST广道 公告编号：2025-063 深圳市广道数字技术股份有限公司 关于股票停牌核查进展暨股票继续停牌的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 特别提示：公司存在重大违法强制退市风险。深圳市广道数字技术股份有 限公司（以下简称"公司"）于2024年12月4日被中国证券监督管理委员会（以下 简称"中国证监会"）立案调查。公司于2025年6月13日收到中国证券监督管理委员 会《行政处罚事先告知书》（【2025】12号）（以下简称"《告知书》"），根据《告 知书》认定情况，公司可能被实施重大违法强制退市。 公司股票于2025年7月15日至2025年7月16日连续2个交易日以内收盘价涨跌 幅偏离值累计达到69.70%，根据《北京证券交易所交易规则（试行）》有关规 定，属于股票交易异常波动情形。6月25日至7月16日，期间股票累计涨跌幅 251.49% ，偏离北证50指数251.64%，累计出现5次涨停。期间内，公司股票分别 于6月26日、7月4日进行停牌核查， ...

New Stock Listings - Tech Source Group issued shares at a price of 10.88 CNY[1] - Shanda Power issued shares at a price of 14.66 CNY[1] Market Alerts - ST Zitian reported an equity date on July 21, 2025, with a link to the announcement[1] - Guangshengtang experienced severe abnormal fluctuations, with an announcement on July 17, 2025[1] - Huayin Power had an announcement on July 15, 2025, regarding market conditions[1] - Multiple companies including Shangwei New Materials, China Power Construction, and Jiangnan Chemical had announcements on July 23, 2025, regarding market activities[1] Abnormal Fluctuations - Companies such as ST Weier and ST Huadong reported significant fluctuations with announcements on July 21, 2025[2] - ST Jinyi and ST Yundong also reported abnormal fluctuations with announcements on July 17, 2025[2]

Core Viewpoint - The stock of *ST Guandao has experienced an extraordinary surge of over 250% within a short period, despite being embroiled in a long-standing financial fraud scandal and facing imminent delisting [1][3][5]. Group 1: Stock Price Movement - From June 25 to July 18, *ST Guandao's stock was suspended for trading three times due to abnormal fluctuations and recorded five instances of a 30% daily limit increase, leading to a market capitalization rise from under 200 million to 630 million [2][3]. - On July 15, two personal accounts were penalized by the Beijing Stock Exchange for manipulating the stock price, yet speculative trading continued, resulting in another 30% limit increase on July 16 with a trading volume of 161 million [6][4]. Group 2: Financial Fraud Details - *ST Guandao has been involved in systematic financial fraud for seven years, inflating revenue by over 1.465 billion from 2018 to mid-2024 through fabricated business documents and misleading financial statements [8][9]. - The fraudulent activities included the creation of fake sales and purchase contracts, invoices, and bank statements, involving multiple departments and the direct coordination of the controlling shareholder [8][9]. - The inflated revenue constituted between 85.87% to 99.39% of reported earnings, with a cumulative inflated cost of 754 million, indicating a severe misrepresentation of the company's financial health [9]. Group 3: Regulatory Actions and Consequences - The Shenzhen regulatory authority has proposed a fine of 10 million for *ST Guandao and additional penalties for responsible individuals, including lifetime bans from the securities market [9]. - Despite the ongoing speculative trading, the company's fundamentals are deteriorating, with a reported revenue of only 5.6 million and a net loss of 609,000 in the first quarter of 2025 [9].

Core Viewpoint - The stock of *ST Guandao has experienced extreme volatility, with a cumulative increase of over 250% in price due to market manipulation, despite the company being embroiled in a long-term financial fraud scandal lasting seven years [1][2][5]. Group 1: Stock Price Movement - From June 25 to July 18, *ST Guandao's stock was suspended for trading three times due to abnormal fluctuations, with five instances of a 30% price increase [2][4]. - The company's market capitalization surged from less than 200 million to 630 million during this period [1][2]. - On July 16, the stock hit another 30% limit up, with trading volume reaching 161 million and a turnover rate of 40% [4]. Group 2: Market Manipulation - Two personal accounts were found to be involved in manipulating the stock price, leading to regulatory penalties from the Beijing Stock Exchange [2][4]. - The accounts engaged in practices such as maintaining the stock at limit-up prices and creating a false market atmosphere through complex trading behaviors [2][3]. Group 3: Financial Fraud - *ST Guandao has been involved in systematic financial fraud for seven years, inflating revenue by over 1.465 billion [5][6]. - The fraudulent activities included creating fake business documents and misleading financial statements, with inflated revenue accounting for up to 99.39% of reported figures in some periods [6][7]. - The company faces severe penalties, including a fine of 10 million and lifetime bans for key individuals involved in the fraud [7]. Group 4: Current Financial Status - As of the first quarter of 2025, *ST Guandao reported revenue of only 5.6 million and a net loss of 609 million, with net assets reduced to 65.42 million [7]. - Despite the inflated market capitalization due to speculative trading, the company's fundamentals are severely lacking, indicating a disconnect between market value and actual performance [7].

Core Viewpoint - The article highlights the increasing involvement of third-party entities in financial fraud within the A-share market, with regulatory bodies intensifying efforts to combat this issue and hold all parties accountable [3][4][6]. Group 1: Financial Fraud Cases - Approximately 30 companies in the A-share market have been penalized or are under investigation for financial fraud this year, with at least 7 of these cases involving third-party collaboration, accounting for 23% of the total [4][5]. - Notable companies involved in financial fraud with third-party assistance include *ST Suwu, *ST Hengjiu, *ST Guangdao, *ST Jingang, ST Langyuan, ST Zhiyun, and ST Zhongqingbao [4]. - The *ST Suwu case involved its subsidiaries engaging in non-substantive trade activities with multiple related companies, resulting in inflated revenue of 1.771 billion yuan and inflated profits of 76 million yuan from 2020 to 2023 [4]. Group 2: Characteristics of Third-Party Involvement - The trend of third-party collaboration in financial fraud has emerged as a new characteristic of capital market misconduct, driven by factors such as the need to evade regulatory scrutiny and the rise of professional "fraud accomplices" [6][13]. - The complexity of these fraud schemes often involves multiple independent parties, making it difficult for regulators to identify and address the underlying issues [13][14]. - The involvement of third parties creates a network of deceit that can lead to systemic risks and undermine market trust [8][9]. Group 3: Challenges for Auditors - Third-party collaboration in fraud poses significant challenges for external auditors, as these accomplices may manipulate various stages of the auditing process to conceal the true nature of transactions [9][10]. - The effectiveness of traditional audit procedures is compromised when companies and their accomplices coordinate their efforts to mislead auditors [10]. - The prevalence of third-party involvement in fraud is a key reason for the frequent failures of auditing standards and practices [10]. Group 4: Regulatory Response - The China Securities Regulatory Commission (CSRC) is actively exploring comprehensive measures to hold third-party accomplices accountable, including administrative, civil, and criminal penalties [11][12]. - The CSRC has begun to impose penalties on third-party entities involved in fraud, as seen in the case of Yuebo Power, where accomplices faced fines for their roles in the fraudulent activities [12]. - Future regulatory efforts will focus on dismantling the "ecosystem" of fraud by targeting both the primary perpetrators and their accomplices [12][15].

证券代码：839680 证券简称：*ST 广道 公告编号：2025-062 公司于 2025 年 6 月 13 日公告了公司股票可能被实施重大违法强制退市的第 一次风险提示的公告（公告号：2025-047）。 深圳市广道数字技术股份有限公司 关于公司股票可能被实施重大违法强制退市的第六次风险提示 公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 特别提示：公司存在重大违法强制退市风险。深圳市广道数字技术股份有限 公司（以下简称"公司"）于 2024 年 12 月 4 日被中国证券监督管理委员会（以下 简称"中国证监会"）立案调查。公司于 2025 年 6 月 13 日收到中国证券监督管理 委员会《行政处罚事先告知书》（【2025】12 号）（以下简称"《告知书》"）， 根据《告知书》认定情况，公司可能被实施重大违法强制退市。目前公司未筹划 债务重组、业务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、 重大业务合作、引进战略投资者等重大事项，敬请投资者注意股价炒作风险。 一、公司股票可能被实 ...