Core Viewpoint - *ST Dongyi's stock has experienced significant volatility, with a price increase of 241.59% since September 26, 2025, leading to a suspension of trading for further investigation [2][4]. Group 1: Stock Performance - Since September 29, 2025, *ST Dongyi has recorded 23 limit-up days and 1 limit-down day within 28 trading days, with a cumulative increase exceeding 240% [4]. - The stock has experienced 9 instances of abnormal fluctuations between October 10 and November 13, 2025, indicating a serious deviation from the company's fundamentals [2]. Group 2: Financial Metrics - As of November 12, 2025, the company's static P/E ratio is -6.03, rolling P/E ratio is -10.88, and P/B ratio is -6.06, which are significantly lower than the industry averages of 26.83 for static P/E, 23.94 for rolling P/E, and 2.34 for P/B [6]. Group 3: Restructuring Situation - The company is undergoing a pre-restructuring process initiated by the Beijing First Intermediate People's Court, with no formal acceptance of the restructuring application received yet [6]. - If the court accepts the restructuring application, the stock will face "delisting risk warning," and failure to complete the restructuring by December 31, 2025, could lead to bankruptcy and delisting [6].

智通财经APP讯，*ST东易(002713.SZ)发布公告，公司股票自2025年9月26日晚披露《关于遴选重整投 资人结果及签署重整投资协议暨预重整进展的公告》以来，至2025年11月13日价格涨幅为241.59%,股价 波动较大，期间于10月10日、10月14日、10月17日、10月22日、10月28日、11月3日、11月6日、11月11 日、11月13日出现九次异常波动，严重背离公司基本面。公司将就股票交易波动情况进行核查。经公司 申请，公司股票自2025年11月14日开市起停牌，待核查结束并披露相关公告后复牌，预计停牌时间不超 过3个交易日。 ...

Group 1 - The stock price of ST Lingnan (002717) closed at 1.84 yuan on November 7, 2025, with an increase of 0.55% and a turnover rate of 4.76% [1] - On November 7, the net inflow of main funds was 7.223 million yuan, indicating increased short-term interest from major investors [2][3] - The company announced that due to insufficient monetary funds, the "Lingnan Convertible Bonds" could not be redeemed on time, leading to a downgrade of its credit rating to level C, indicating severe debt repayment risks [2][3] Group 2 - The company reported a significant decline in operating revenue for 2024, with continued net losses and a qualified audit report [2] - For the first three quarters of 2025, revenue continued to decline, although net losses narrowed [2] - The company faces ongoing operational risks, uncertainty in asset realization, potential delisting due to stock price falling below 1 yuan, and multiple lawsuits with substantial cumulative amounts [2]

Core Viewpoint - The company's ability to inject computing power industry business depends on the successful implementation of bankruptcy reorganization, compliance with legal regulations, and obtaining necessary approvals [1][2] Group 1: Business Risks - There is significant uncertainty regarding the timing, scale, and future profitability of the asset injection [1] - The company faces risks from intensified market competition, which may lead to a decline in overall industry profit margins and extended cost recovery periods [1] - The existing business may not synergize effectively with the new business, posing additional risks [1] Group 2: Investment and Financial Risks - The planned donation of the Hohhot Intelligent Computing Center has not yet been completed, raising concerns about insufficient future funding and extended construction timelines [2] - The current phase of the Hohhot Intelligent Computing Center has only completed the first phase of construction, with significant funding required for subsequent phases [2] - The industry investor's cash and financial assets as of June 30, 2025, amount to 56.03 million, with a debt ratio of 65%, indicating potential funding shortages for construction [2] - The operational cash flow for the first half of 2025 is projected at 71.48 million, highlighting risks related to insufficient construction funds and potential fundraising failures [2]

Core Viewpoint - ST Lingnan is facing multiple legal challenges, including a recent lawsuit for alleged collusion in bidding, which may impact its operations and finances depending on court outcomes [2][5]. Group 1: Legal Issues - ST Lingnan received a summons from the Henan Province Tangyin County People's Court for a hearing on October 31, related to allegations of collusion in bidding [2]. - The company is also involved in a lawsuit initiated by the Agricultural Development Bank of China, with a claim amounting to 294 million yuan due to a financial loan contract dispute [5]. - As of October 28, 2025, ST Lingnan has reported approximately 131 million yuan in undisclosed litigation and arbitration matters, representing 12.28% of its latest audited net assets [5]. Group 2: Financial Impact - The ongoing legal issues have not yet significantly affected the company's production and operations, but the potential financial impact remains uncertain pending court decisions [5]. - ST Lingnan's recent financial performance has been poor, with a reported revenue of 253 million yuan for the first three quarters of 2025, a decrease of 68.75% year-on-year, and a net loss of 206 million yuan [6]. Group 3: Management Issues - The company's current co-chairman and legal representative, Yin Hongwei, is under investigation by the China Securities Regulatory Commission for violations related to information disclosure [5]. - ST Lingnan has filed a lawsuit against Yin Hongwei for the recovery of 142 million yuan in misappropriated funds, which has not yet been resolved [6].

格隆汇11月4日丨ST岭南（维权）(002717.SZ)公布，近日收到了河南省汤阴县人民法院送达的《传票》 （（2025）豫0523刑初223号），开庭日期为2025年10月31日上午8时30分。公司涉嫌串通投标罪被起 诉，公司将积极配合公安机关、法院做好相关工作，依法采取有效措施。截至目前，上述事件暂未对公 司的生产经营产生重大影响。本次事件是否对公司经营、财务方面产生影响有待法院进一步判决。 ...

Core Viewpoint - ST Lingnan (002717.SZ) has been indicted for collusion in bidding, with a court date set for October 31, 2025. The incident has not yet significantly impacted the company's operations [1]. Company Summary - The company has received a subpoena from the People's Court of Tangyin County, Henan Province [1]. - The court hearing is scheduled for the morning of October 31, 2025, at 8:30 AM [1]. - Currently, the legal issue has not had a major effect on the company's production and operations [1].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 亞證地產有限公司(「本公司」) 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00271 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,240,668,945 | | 0 | | 1,240,668,945 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,240,668,945 | | 0 | | 1,240,668,945 | ...

Core Insights - *ST Dongyi (002713.SZ) reported its Q3 2025 results on October 31, 2025, highlighting a significant institutional ownership change [1] Institutional Ownership - As of October 30, 2025, four institutional investors disclosed holding shares in *ST Dongyi A-shares, totaling 144 million shares, which represents 34.22% of the company's total equity [1] - The institutional investors include Tianjin Dongyi Tianzheng Investment Co., Ltd., Tianjin Chenshang Consulting Co., Ltd., Xiaomi Technology (Wuhan) Co., Ltd., and Shenyang Changshun Cable Manufacturing Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 5.62 percentage points [1]

Core Viewpoint - ST Lingnan (002717.SZ) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial distress and potential challenges ahead [1] Financial Performance - The company achieved an operating revenue of 253 million yuan, representing a year-on-year decrease of 68.75% [1] - The net profit attributable to shareholders was -206 million yuan, with a net profit excluding non-recurring gains and losses of -202 million yuan [1] - The basic earnings per share were -0.11 yuan [1]