Core Viewpoint - Lianmei Holdings disclosed that its subsidiary, Shandong Heze Fulin Thermal Technology Co., Ltd. (Fulin Thermal), is involved in two coal procurement lawsuits, resulting in the freezing of part of its bank account funds totaling 6.38 million yuan [2][3]. Group 1: Lawsuit Details - The first lawsuit involves Xiamen Baimei Energy Co., Ltd., which claims Fulin Thermal owes 1.88 million yuan for 2,999.46 tons of coal supplied between February 28 and March 15, 2025 [3][4]. - The second lawsuit is from Yan'an Changli Energy Co., Ltd., which demands payment of 4.09 million yuan for 4,981.5 tons of coal supplied in September 2024, along with additional penalties and fees [4][5]. Group 2: Financial Impact - The total amount frozen from Fulin Thermal's fundraising account is 6.38 million yuan, leaving only 2.37 million yuan available in the account as of September 25, 2025 [5][6]. - The frozen funds are linked to a completed fundraising project for acquiring a 66% stake in Fulin Thermal, which was finalized in April 2025 [6]. Group 3: Company Position - Lianmei Holdings asserts that the lawsuits stem from normal business operations and have not significantly impacted Fulin Thermal's production activities [6]. - As of June 30, 2025, Lianmei Holdings reported total assets of 16.49 billion yuan and a net profit of 524 million yuan for the first half of 2025, indicating that the disputed amounts are relatively minor compared to the company's overall financials [6].

Core Viewpoint - The company Lianmei Holdings disclosed that its subsidiary, Shandong Heze Fulin Thermal Technology Co., Ltd., is involved in two coal procurement lawsuits, resulting in the freezing of part of its bank account funds totaling 6.38 million yuan [1][2]. Group 1: Lawsuit Details - The first lawsuit involves Xiamen Baimei Energy Co., Ltd., which claims that Fulin Thermal has not paid for 2,999.46 tons of coal supplied, amounting to 1.8834 million yuan, leading to a court case and the freezing of 1.88 million yuan from the company's fundraising account [2][3]. - The second lawsuit is from Yan'an Changli Energy Co., Ltd., which alleges that Fulin Thermal owes 4.0866 million yuan for 4,981.5 tons of coal due to a dispute over coal quality, resulting in a request for freezing 4.5 million yuan from the same account [3][4]. Group 2: Financial Impact - The total amount frozen from Fulin Thermal's bank account is 6.38 million yuan, which is a small fraction of Lianmei Holdings' total assets of 16.491 billion yuan and net profit of 524 million yuan for the first half of 2025 [5]. - As of September 25, 2025, the balance in the frozen account was 640.37 million yuan, leaving only 2.37 million yuan available after the freeze [3][4]. Group 3: Company Response - Lianmei Holdings stated that the freezing of funds has not significantly impacted the normal operations of Fulin Thermal, and the company is actively taking legal measures to resolve the disputes [5]. - The company emphasized that the related fundraising project has already been completed as of April 2025, indicating that the impact on future profits remains uncertain [4][5].

Core Viewpoint - Lianmei Holdings (600167) experienced a significant drop in stock price, reaching the daily limit down, with a trading volume of 889 million yuan and a turnover rate of 4.05% [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of -9.38%, with net selling from the Shanghai-Hong Kong Stock Connect amounting to 39.54 million yuan [2] - The top five trading departments had a combined transaction volume of 173 million yuan, with buying amounting to 62.32 million yuan and selling at 111 million yuan, resulting in a net selling of 48.72 million yuan [2] - The Shanghai-Hong Kong Stock Connect was the third-largest buying department and the largest selling department, with buying and selling amounts of 13.21 million yuan and 52.75 million yuan respectively, leading to a net selling of 39.54 million yuan [2] Capital Flow - The stock saw a net outflow of 34.43 million yuan in principal funds, with large orders contributing to a net outflow of 31.02 million yuan and big orders at 3.40 million yuan [2] - Over the past five days, the net outflow of principal funds totaled 237 million yuan [2] Margin Trading Data - As of September 25, the margin trading balance for the stock was 756 million yuan, with a financing balance of 755 million yuan and a securities lending balance of 1.17 million yuan [2] - The financing balance increased by 36.59 million yuan over the past five days, reflecting a growth rate of 5.09%, while the securities lending balance rose by 534,000 yuan, showing an increase of 83.40% [2] Financial Performance - In the first half of the year, the company reported total revenue of 1.898 billion yuan, a year-on-year decrease of 2.65%, while net profit reached 525 million yuan, representing a year-on-year increase of 9.87% [3]

Core Viewpoint - The recent news highlights the upcoming IPO of Moore Threads, which is set to take place on September 26, 2023, after a rapid approval process by the Shanghai Stock Exchange. The company aims to raise 8 billion yuan for various AI and graphics chip development projects [2][5]. Company Overview - Moore Threads has developed four generations of GPU architectures based on its proprietary MUSA architecture, covering product lines including chips, boards, integrated machines, and clusters, targeting both enterprise and consumer markets [2][3]. Financial Performance - Despite currently operating at a loss, the company's losses are narrowing, and it has a strong order book of 2 billion yuan, with expectations of achieving profitability within the next 1-2 years [4][5]. - The company is projected to generate over 2 billion yuan in revenue for the year 2025, with a valuation around 24 billion yuan, indicating a potential market capitalization of 150-180 billion yuan post-IPO [5]. IPO Details - The IPO will involve the issuance of no less than 44.45 million shares, representing at least 10% of the total share capital post-issue, with expectations of a 200% increase on the first trading day [5]. - Eight A-share listed companies have direct or indirect stakes in Moore Threads, positioning them as potential beneficiaries of the IPO [5]. Product Lines - The company offers a range of products including: - Fourth-generation GPU "Pinghu" for enterprise-level AI computing - Third-generation GPU "Quyuan" and second-generation GPU "Chunxiao" for various applications [3]. Institutional Interest - Institutional investors have shown significant interest, with notable increases in holdings from foreign capital and various funds, indicating a positive outlook on the company's future [7][10][25].

证券代码：600167 证券简称：联美控股 公告编号：2025-041 联美量子股份有限公司 重要内容提示： ●案件所处的诉讼阶段：厦门佰煤能源有限公司诉山东菏泽福林热力科技有 限公司拖欠货款一案，法院已开庭，尚未判决；延安市长立能源有限公司诉山东 菏泽福林热力科技有限公司煤炭货款一案，法院已受理，尚未开庭。 ●上市公司子公司所处的当事人地位：被告 ●涉案金额：合计约 6,170,042 元 ●是否会对上市公司损益产生负面影响：目前案件尚未判决或开庭，尚不能 判断本次诉讼案件对公司本期利润或期后利润等的影响。 公司正通过法律途径积极应诉，有信心维护公司合法权益。公司将根据相关 诉讼进展情况及时履行信息披露义务，敬请投资者注意投资风险。 一、本次诉讼的基本情况 关于子公司募集资金账户被冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2、要求判令被告承担本案诉讼费、保全费、保全保险费、公告费。 （四）基本案情 原被告双方于 2025 年 4 月 25 日签订《煤炭 2025 年度（第一批）采购合同》， 约定原告自 ...

Core Viewpoint - The stock of Lianmei Quantum Co., Ltd. has experienced a significant increase of 58.56% since September 18, 2025, which deviates notably from the performance of its peers and the Shanghai Composite Index, indicating potential irrational trading behavior [2][3] Group 1: Stock Performance - The company's stock has risen by 58.56% since September 18, 2025, with consecutive trading days of hitting the daily limit on September 22, 23, 24, and 25 [3][4] - The static price-to-earnings (P/E) ratio of the company is 36.26, which is higher than the industry average P/E ratio of 29.30 among 18 listed companies in the public utility - thermal service sector [4] Group 2: Market Risks - The company has noted that its production and operational conditions have not changed significantly compared to previous disclosures, and there are no undisclosed significant information [3][4] - The trading volume has been notably high, with turnover rates of 2.28%, 2.12%, and 6.27% on September 18, 19, and 25 respectively, indicating a potential overreaction in market sentiment [4] Group 3: Information Disclosure - The company confirms that there are no media reports or market rumors that could have influenced its stock price, and it is not involved in any hot concepts [5] - The designated information disclosure media for the company includes "China Securities Journal," "Shanghai Securities Journal," and "Securities Times," with the Shanghai Stock Exchange website as the official disclosure platform [6]

（编辑 任世碧） 证券日报网讯 9月25日晚间，联美控股发布公告称，公司股票自2025年9月18日以来，累计涨幅达到 58.56%，股票涨幅明显偏离同行业及上证指数，可能存在非理性交易行为。但是公司主营业务、生产 经营情况以及经营环境与前期披露的信息相比未发生重大变化。经自查，截至本公告日，公司不存在应 披露而未披露的重大信息。鉴于近日公司股票剔除大盘和板块整体影响后的实际波动幅度较大，敬请广 大投资者注意二级市场交易风险，理性决策，审慎投资。 ...

证券代码：600167 证券简称：联美控股 公告编号：2025-040 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 联美量子股份有限公司（以下简称"公司"）股票自 2025 年 9 月 18 日以 来，累计涨幅达到 58.56%，股票涨幅明显偏离同行业及上证指数，可能存在非 理性交易行为。但是公司主营业务、生产经营情况以及经营环境与前期披露的信 息相比未发生重大变化。 鉴于近日公司股票剔除大盘和板块整体影响后的实际波动幅度较大，敬 请广大投资者注意二级市场交易风险，理性决策，审慎投资。 经自查，截至本公告日，公司不存在应披露而未披露的重大信息。 自 2025 年 9 月 18 日以来，公司股票累计涨幅达到 58.56%，股票涨幅明显 偏离同行业及上证指数，公司已于 2025 年 9 月 23 日、9 月 24 日、9 月 25 日披 露了《联美量子股份有限公司股票交易异常波动公告》（编号 2025-037）、《联美 量子股份有限公司股票交易风险提示公告》（编号 2025-038）、《联美量子股份有 限 ...

Core Viewpoint - Lianmei Quantum Co., Ltd. has experienced a cumulative stock price increase of 58.56% since September 18, 2025, which significantly deviates from industry peers and the Shanghai Composite Index, indicating potential irrational trading behavior [1] Company Performance - The company's main business operations, production conditions, and operating environment have not undergone significant changes compared to previously disclosed information [1] - As of the date of the announcement, the company has confirmed that there are no undisclosed significant information that should have been disclosed [1]

Market Overview - A total of 41 stocks hit the daily limit up, while 19 stocks faced limit down, resulting in a sealing rate of 68% [1] - The three major indices showed divergence, with the ChiNext Index rebounding over 2% to reach a new three-year high [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.37 trillion yuan, an increase of 44.3 billion yuan compared to the previous trading day [1] Stock Performance - Huasoft Technology achieved a five-day limit up streak, while Lianmei Holdings and Bluefeng Biochemical both recorded a four-day limit up streak [1][3] - The highest limit up stock, Huasoft Technology, saw a 10.03% increase, driven by its focus on photoresists [12] - The gaming, AI applications, and controllable nuclear fusion sectors led the gains, while the port shipping, precious metals, and oil and gas sectors faced declines [1][6] Sector Analysis - The AI infrastructure investment by Alibaba, amounting to 380 billion yuan, is expected to drive a trillion-scale AI ecosystem [5] - The storage system bidding scale reached a historical high of 17.7 GW/45.7 GWh in August, marking a year-on-year increase of 237.1% [9] - The semiconductor industry is experiencing a price increase trend, with companies like Longjiang Storage becoming a new unicorn in the sector [7][16] Key Stocks and Trends - Ningde Times and Sunshine Power both reached historical highs, reflecting a focus on major growth stocks in the market [6] - The copper market saw a spike due to a fatal landslide at Freeport McMoRan's Grasberg mine, leading to a 3% increase in copper futures [8][30] - The gaming sector continues to show strong performance, with the National Press and Publication Administration issuing over 150 game licenses in a single month [6] Future Outlook - The market is expected to maintain a trend favoring large-cap stocks in popular sectors, despite the risk of a downturn for underperforming small-cap stocks [10] - The semiconductor supply chain's heat is likely to spread to lower-tier stocks, as the market remains focused on high-performing segments [7][30]