Group 1 - Company Yiwei Lithium Energy signed a procurement framework agreement with Simor International on November 20, 2025, for the continuous supply of battery cells and other products as raw materials, with actual amounts to be determined by future orders [1] - ST Huamei's stock is under "double risk" warning due to an inability to express an opinion in its 2024 financial report, with a recovery of 1.567 billion yuan in occupied funds as of August 15, 2025, and the stock remains under risk warning with a 5% trading limit [2] - Wuzhou Transportation received a regulatory warning from the Shanghai Stock Exchange for non-compliance in accounting practices and failure to fulfill integrity checks for executives, requiring a rectification report [3] Group 2 - Wenkang Co.'s deputy general manager Qin Guofen is under investigation, but the company states this will not significantly impact its operations [4] - Fosun Pharma's subsidiary Shanghai Fuhong Hanlin's drug, SLR-121, has been included in the breakthrough therapy designation for gastric cancer treatment, marking a significant milestone as no PD-1 monoclonal antibody has been approved for this indication globally [5] - Shandong Steel's subsidiary plans to apply for bankruptcy liquidation, which is expected to increase the parent company's net profit by 15.88 million yuan, allowing the company to focus on its core business [6] Group 3 - Zhuhai Ming Technology established a new subsidiary, Shenzhen Zhixian Robotics Co., with a registered capital of 50 million yuan, in which Zhuhai Ming holds a 50% stake [7] - Spring Airlines conducted its first share buyback, repurchasing 35,800 shares for a total of 1.9997 million yuan, representing 0.0037% of its total share capital [9] - Donghua Software's controlling shareholder reduced his stake by 1%, bringing his direct holding down to 10.90%, in line with a previously disclosed plan [11] Group 4 - Changshu Bank's executives plan to increase their holdings by at least 550,000 shares over the next six months, with specific minimum amounts for each executive [12] - Nanfeng Co. won contracts worth 45.7 million yuan and 47.17 million yuan for HVAC systems, with delivery dates set for July and August 2027, respectively [14] - Huakang Clean's bid for the Keqiao Future Medical Center purification system project was successful, with a bid amount of 176 million yuan [15] - Qinglong Pipe Industry secured a contract worth 294 million yuan for a pipe procurement project, expected to impact its performance from 2026 to 2030 [16] - China Nuclear Engineering signed new contracts totaling 123.84 billion yuan and achieved revenue of 81.334 billion yuan as of October 2025 [17]

Group 1 - The core point of the article is that Shandong Steel announced the convening of its 18th meeting of the 8th Board of Directors on November 20, 2025, to review proposals including adjustments to the members of the Board's specialized committees [1] - For the fiscal year 2024, Shandong Steel's revenue composition is 87.27% from the steel industry and 12.73% from other businesses [1] - As of the report date, Shandong Steel has a market capitalization of 16.5 billion yuan [1]

Core Points - The average stock price of A-shares is 13.67 yuan, with 22 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] - Among the low-priced stocks, 8 are ST stocks, accounting for 36.36% of the total [1] - The Shanghai Composite Index closed at 3931.05 points as of November 20 [1] Low-Priced Stocks Summary - The lowest priced stock is *ST Yuan Cheng at 0.58 yuan, with a market sector of construction decoration [1] - *ST Su Wu and *ST Jin Ke follow with closing prices of 1.07 yuan and 1.48 yuan, respectively, in the pharmaceutical and real estate sectors [1] - Among the low-priced stocks, 6 increased in price today, with *ST Su Wu leading at a 4.90% increase [1] Market Performance - 10 low-priced stocks experienced declines, with ST Yi Gou and *ST Hui Feng showing the largest drops at 2.21% and 2.17%, respectively [1] - The trading volume for *ST Su Wu was notable with a turnover rate of 10.86% [1] - The price-to-book ratio for *ST Yuan Cheng is 0.27, indicating a low valuation compared to its book value [1]

Core Viewpoint - Shandong Steel (600022.SH) announced that its subsidiary, Laiwu Steel Metallurgical Ecological Engineering Co., Ltd. (referred to as "Metallurgical Ecology"), has ceased operations and will file for bankruptcy liquidation to focus on its main business and eliminate inefficient assets [1] Group 1 - The company aims to concentrate on its core business direction by cleaning up low-efficiency and ineffective assets [1] - The board of directors has approved the application for bankruptcy liquidation in accordance with the relevant provisions of the Enterprise Bankruptcy Law of the People's Republic of China [1]

Core Viewpoint - Shandong Steel (600022.SH) announced that its subsidiary, Laiwu Steel Metallurgical Ecological Engineering Co., Ltd. (referred to as "Metallurgical Ecology"), has ceased operations and will apply for bankruptcy liquidation to focus on its main business and eliminate inefficient assets [1] Group 1 - The company aims to concentrate on its core business development direction [1] - The decision to apply for bankruptcy liquidation is based on the relevant provisions of the "Enterprise Bankruptcy Law of the People's Republic of China" [1] - The move is intended to protect the legal rights and interests of the company and its shareholders [1]

一、冶金生态基本情况 （一）基本情况 股票简称：山东钢铁 证券代码：600022 编号：2025-056 山东钢铁股份有限公司 关于控股子公司拟申请破产清算的公告 本公司及董事会全体成员保证公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 山东钢铁股份有限公司（以下简称"公司"）第八届董事会第十八 次会议审议通过了《关于控股子公司莱芜钢铁冶金生态工程技术有限 公司申请破产清算的议案》。公司控股子公司莱芜钢铁冶金生态工程技 术有限公司（以下简称"冶金生态"）已停止经营，为聚焦主业发展方 向，清理低效、无效资产，维护公司及公司股东的合法权益，公司董 事会依据《中华人民共和国企业破产法》的相关规定，同意冶金生态 作为债务人向法院申请破产清算。具体情况如下： 统一社会信用代码：91371200680689920K 企业类型：其他有限责任公司 成立时间：2008 年 10 月 10 日 注册地址：山东省济南市钢城区钢都大街 168 号 1 号楼 法定代表人：张思勋 注册资本：1000 万元 企业名称：莱芜钢铁冶金生态工程技术有限公司 经营范围：转底炉直接还原工程及冶 ...

股票简称：山东钢铁 证券代码：600022 编号：2025-055 山东钢铁股份有限公司 第八届董事会第十八次会议决议公告 本公司及董事会全体成员保证公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 一、董事会会议召开情况 （一）本次董事会会议召开符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 （二）本次董事会会议通知于 2025 年 11 月 17 日以电子邮件和直接 送达的方式发出。 （三）本次董事会会议于 2025 年 11 月 20 日以通讯方式召开。 （四）本次董事会会议应到董事 9 人，亲自出席董事 9 人。 （五）本次会议由公司董事长毛展宏先生主持，公司高级管理人员 列席会议。 二、董事会会议审议情况 本次会议审议并通过了以下议案： （一）关于调整董事会专门委员会委员的议案 调整后的董事会专门委员会委员名单如下： 1.董事会战略规划与 ESG 委员会由毛展宏先生、王向东先生、汪 晋宽先生、徐科先生、李洪建先生、乔立海先生组成，毛展宏先生为 主任委员。 2.董事会提名委员会、预算薪酬与考核委员会、风险管理与审计 委员会委员 ...

格隆汇11月20日丨山东钢铁(600022.SH)公布，第八届董事会第十八次会议审议通过了《关于控股子公 司莱芜钢铁冶金生态工程技术有限公司申请破产清算的议案》。公司控股子公司莱芜钢铁冶金生态工程 技术有限公司（简称"冶金生态"）已停止经营，为聚焦主业发展方向，清理低效、无效资产，维护公司 及公司股东的合法权益，公司董事会依据《中华人民共和国企业破产法》的相关规定，同意冶金生态作 为债务人向法院申请破产清算。 ...

山东钢铁公告称，公司第八届董事会第十八次会议通过控股子公司冶金生态申请破产清算的议案。冶金 生态已停止经营，截至2025年10月31日，资产9.12万元，负债3380.55万元，所有者权益-3371.43万元， 已资不抵债。公司持股冶金生态51%，其破产清算申请若被受理，将不再纳入公司合并报表，预计增加 归母净利润1588万元，最终以审计结果为准。该事项利于公司聚焦主业，降低风险。 ...

山东钢铁公告称，公司第八届董事会第十八次会议于2025年11月20日召开，审议并通过多项议案。其 中，调整董事会战略规划与ESG委员会委员，由毛展宏等6人组成，毛展宏任主任委员，其他3个委员会 委员不变；还通过修订《信息披露事务管理制度》等16项制度相关议案，以及控股子公司莱芜钢铁冶金 生态工程技术有限公司申请破产清算的议案，各项议案表决结果均为同意9票，反对0票，弃权0票。 ...