Core Viewpoint - The recent surge in trading activity in the A-share market has led to speculative trading in risk-warning stocks, particularly *ST Suwu, which has shown significant price volatility and raised concerns about trading risks [2][3]. Group 1: Trading Activity and Speculation - The stock of *ST Suwu has experienced a significant increase, with a trading turnover rate of 20.93% on August 27, indicating abnormal trading behavior [3]. - The stock has seen a cumulative price increase of over 12% within two trading days, triggering alerts for abnormal trading fluctuations [3]. - Similar speculative trading behavior has been observed in *ST Guandao, which reported a cumulative price increase of 42.14% over two trading days [4]. Group 2: Regulatory Actions and Risks - *ST Suwu has been under scrutiny from the China Securities Regulatory Commission (CSRC) for falsifying financial statements, which could lead to forced delisting [3][5]. - The company faces multiple risks, including significant fund occupation by its controlling shareholder and the freezing of all shares held by the controlling shareholder [3]. - *ST Guandao has also received a notice from the CSRC regarding potential forced delisting due to major violations [5]. Group 3: Market Behavior and Investor Sentiment - The phenomenon of "炒小炒差" (speculating on small and poor-performing stocks) is re-emerging, with investors engaging in high-risk trading strategies [3][7]. - Investors are often misled by the low price of ST stocks, viewing them as opportunities without recognizing the underlying risks associated with their deteriorating fundamentals [8]. - The speculative nature of ST stocks has created a "game of passing the parcel," where risks are amplified, and many investors may end up as "bag holders" [7].

Core Viewpoint - The article highlights the resurgence of speculative trading in the A-share market, particularly focusing on the risks associated with "ST" stocks, which are often subject to manipulation and lack fundamental support [3][4][9]. Group 1: Market Activity - Recently, the A-share market has shown high activity, with trading volumes exceeding 30 trillion yuan over two consecutive days, leading to speculative trading in risk-warning stocks [3][4]. - *ST Suwu's stock price has seen a significant increase, with a trading turnover rate of 20.93% on August 27, indicating a speculative bubble [4][5]. Group 2: Regulatory Concerns - *ST Suwu received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) for inflating revenue and profits, which could lead to forced delisting [5][6]. - *ST Guangdao also experienced abnormal trading, with a price increase of 42.14% over two days, prompting the company to halt trading for investigation [5][6]. Group 3: Risks of Speculative Trading - The article discusses the inherent risks of trading in ST stocks, including the potential for sudden delisting, liquidity issues, and poor information disclosure [9][10]. - Investors often misinterpret low prices as opportunities, ignoring the diminishing "shell value" of ST stocks due to regulatory reforms [10].

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - Broadcom Integrated (603068) announced abnormal fluctuations on August 29, 2025[1] Market Alerts - ST Guohua (000004) and ST Gohong (000851) both reported abnormal fluctuations on August 29, 2025[1] - ST Huayang (603825) and ST Zhongji (000972) also indicated abnormal fluctuations on August 29, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on August 26, 2025[1] Company Announcements - Zhaoxin Technology (603377) announced abnormal fluctuations on August 27, 2025[1] - Longyang Electronics (301396) reported significant fluctuations on August 28, 2025[1] - ST Dongshi (603377) indicated abnormal fluctuations on August 22, 2025[1]

Core Viewpoint - The recent surge in trading activity in the A-share market has led to speculative trading in risk-warning stocks, particularly *ST Suwu, which has shown significant price volatility and raised concerns about trading risks [1][2][5] Group 1: Stock Performance and Trading Risks - *ST Suwu's stock price has experienced a significant increase, with a trading volume spike and a turnover rate of 20.93% on August 27, indicating abnormal trading behavior [2] - The company has been under scrutiny for potential violations, including inflated revenue and profit figures, which could lead to forced delisting [2][3] - Other stocks, such as *ST Guangdao, have also shown extreme price fluctuations, with a cumulative price increase of 42.14% over two days, prompting regulatory investigations [3] Group 2: Regulatory Actions and Market Behavior - The North Exchange has taken disciplinary actions against accounts involved in the speculative trading of *ST Suwu, highlighting the serious nature of the trading activities [4] - The phenomenon of "炒小炒差" (speculating on small and poor-performing stocks) is re-emerging, with investors often disregarding the underlying risks associated with such stocks [5][6] Group 3: Investor Sentiment and Market Dynamics - There is a growing trend among investors to view low-priced stocks as opportunities, despite the significant risks associated with ST stocks, which have seen their "shell value" diminish due to regulatory reforms [6] - Analysts warn that the speculative nature of ST stock trading can lead to severe financial consequences for investors, emphasizing the need for a return to value-based investing [6]

证券代码：839680 证券简称：*ST 广道 公告编号：2025-074 特此公告。 深圳市广道数字技术股份有限公司 关于延期披露 2025 年半年度报告的风险提示性公告 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。 深圳市广道数字技术股份有限公司（以下简称"公司"）原定于 2025 年 8 月 28 日披露《2025 年半年度报告》。因公司正在落实审计委员会关于中 期报告的反馈意见，目前预约日期调整为 2025 年 8 月 29 日。由于未能按照 原预定时间披露定期报告给投资者带来的不便，公司董事会现特向广大投资 者致歉。 深圳市广道数字技术股份有限公司 董事会 2025 年 8 月 28 日 ...

公告显示，*ST广道于2024年12月4日被证监会立案调查。公司于2025年6月13日收到证监会《行政处罚 事先告知书》（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。 值得一提的是，此次已是*ST广道年内第四度停牌核查。 北京商报讯（记者 马换换 王蔓蕾）8月27日晚间，*ST广道（839680）披露公告称，公司将就股票交易 异常波动情况进行核查。经申请公司股票自8月28日开市起停牌，停牌时间预计不超5个交易日，同时视 核查进展可能继续延长。自公司完成相关核查工作并披露核查公告后复牌。 *ST广道表示，公司股票于8月26日至8月27日连续2个交易日以内收盘价涨幅偏离值累计达到42.14%， 根据《北京证券交易所交易规则（试行）》有关规定，属于股票异常交易波动情形。经申请，公司股票 自8月28日起停牌，停牌时间预计不超5个交易日，预计将于9月4日前复牌。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。 ...

证券代码：839680 证券简称：*ST 广道 公告编号：2025-073 深圳市广道数字技术股份有限公司 股票异常波动暨停牌核查公告 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。根据《北京证券交易所股 票上市规则》10.5.4 条，在被实施退市风险警示期间，收到相关行政处罚决定书， 可能触及重大违法类强制退市情形的，公司将及时披露有关内容，并于公告披露 日的次一交易日起长期停牌，直至北京证券交易所将依法依规作出是否终止公司 股票上市的决定。根据《北京证券交易所股票上市规则》第 10.6.5 条、第 10.6.6 条规定 ...

Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. faces significant risk of forced delisting due to major legal violations, as indicated by the China Securities Regulatory Commission's investigation and potential administrative penalties [1] Group 1: Major Legal Issues - The company was investigated by the China Securities Regulatory Commission on December 4, 2024, and received a notice of administrative penalty on June 13, 2025, which suggests possible forced delisting due to major violations [1] - The company is required to disclose any relevant information regarding administrative penalties and may face long-term suspension of trading if delisting is determined [1] Group 2: Stock Trading Suspension - The company's stock was suspended from trading starting August 28, 2025, due to abnormal trading fluctuations, with a cumulative price increase of 42.14% over two consecutive trading days [2] - The suspension is expected to last no more than five trading days, with a potential resumption of trading by September 4, 2025, depending on the progress of the investigation [2] Group 3: Future Arrangements - The company has not planned any major corporate actions such as debt restructuring, business restructuring, or significant partnerships, and investors are cautioned about the risks of stock speculation [3]

*ST广道（839680）今日涨停，全天换手率50.23%，成交额2.26亿元，振幅36.84%。龙虎榜数据显示， 营业部席位合计净卖出110.92万元。 北交所公开信息显示，当日该股因日涨跌幅达到30.00%、日价格振幅达36.84%、日换手率达50.23%上 榜，营业部席位合计净卖出110.92万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交4044.51万元，其中，买入成交额为 1966.79万元，卖出成交额为2077.72万元，合计净卖出110.92万元。 具体来看，今日上榜营业部中，第一大买入营业部为招商证券股份有限公司北京光明路证券营业部，买 入金额为478.73万元，第一大卖出营业部为山西证券股份有限公司太原坞城路证券营业部，卖出金额为 352.65万元。 （文章来源：证券时报网） 近半年该股累计上榜龙虎榜25次，上榜次日股价平均涨1.92%，上榜后5日平均跌1.63%。（数据宝） *ST广道8月27日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 招商证券股份有限公 ...

Core Viewpoint - On August 26, 2025, *ST Guangdao (839680) was featured on the trading leaderboard due to a significant trading volume, with a turnover rate of 28.68% and a transaction amount of 1.07 billion yuan [1][2]. Trading Activity Summary - The total trading volume for *ST Guangdao on that day was 13.4472 million shares, with a closing price of 8.2 yuan [1]. - The leading buying seat was from Dongfang Caifu Securities Co., Ltd., Lhasa Tuanjie Road Second Securities Business Department, with a purchase amount of approximately 2.57 million yuan [2]. - The leading selling seat was also from Dongfang Caifu Securities Co., Ltd., Lhasa Donghuan Road Second Securities Business Department, with a selling amount of approximately 1.85 million yuan [1][2]. Detailed Trading Data - The top five buying and selling departments included: - Buy 1: Dongfang Caifu Securities, Lhasa Tuanjie Road Second, 2,567,214.25 yuan [2] - Buy 2: China Galaxy Securities, Jiangyin Hongqiao North Road, 2,136,425.47 yuan [2] - Sell 1: Dongfang Caifu Securities, Lhasa Donghuan Road Second, 1,847,010.13 yuan [2] - Sell 2: Guoxin Securities, Hanzhong North Tuanjie Street, 1,546,583.04 yuan [2].