Core Viewpoint - The ongoing investigation into former controlling shareholder Yu Zengyun's alleged fundraising fraud continues to impact *ST Chuangxing (600193.SH), with current chairman Liu Peng being detained for questioning by the police, although the investigation is unrelated to the company [1][5]. Company Management Changes - During Liu Peng's inability to perform his duties, Yang Zhe, a board member and general manager, will act as chairman and legal representative of the company [2]. - Yang Zhe faced opposition when appointed as president due to concerns over his lack of experience in senior management roles within listed companies [2]. - Yang Zhe has a military background and joined the company less than a year ago, raising questions about his qualifications for the role [2][3]. Company Background - *ST Chuangxing, listed since May 27, 1999, primarily engages in construction engineering, mobile information services, and computing power services [2]. - The company has faced significant challenges following the disappearance of its former controlling shareholder, Yu Zengyun, leading to a crisis in the associated investment fund [5]. Financial Performance - In the first half of the year, *ST Chuangxing reported a revenue of only 374,000 yuan, a 99% decrease year-on-year, with a net loss of 13.71 million yuan, which is approximately double the loss from the previous year [7]. - The company attributed the revenue decline to a lack of new income from construction projects and adjustments in its software and information services due to financial pressures [7]. Market Performance - As of September 18, *ST Chuangxing's stock price closed at 4.28 yuan, down 2.28%, with a market capitalization of 1.821 billion yuan. The stock has seen a cumulative increase of about 26% this year [8]. - Following the judicial auction of shares, the new controlling shareholder, Wang Xiangrong, now holds 15.76% of the company [6].

Group 1 - The chairman of *ST Chuangxing, Liu Peng, is under investigation by public security authorities, but the investigation is unrelated to the company [1] - To ensure stable management, Yang Zhe, the company's director and general manager, will act as the chairman and legal representative [1] - The main business of *ST Chuangxing includes construction engineering, mobile information services, and computing power services [1] Group 2 - In the first half of 2025, the company reported an operating income of approximately 374,000 yuan, a year-on-year decrease of 99% [1] - The net profit attributable to shareholders of the listed company was -13.71 million yuan, with a non-recurring net profit of -13.98 million yuan [1] Group 3 - Liu Peng has held various significant positions, including Vice Director of the Industrial Room at Zhejiang Provincial Institute of Industrial Economy and General Manager of Juhua Holdings Co., Ltd. [1] - Since May 2023, Liu Peng has been the President of Zhejiang Overseas Chinese Industry Co., Ltd. and the Chairman of Shanghai Chuangxing Resource Development Co., Ltd. [1]

Core Viewpoint - The ongoing investigation into former controlling shareholder Yu Zengyun's alleged fundraising fraud continues to impact *ST Chuangxing (600193.SH), with recent developments involving the company's chairman Liu Peng being detained for questioning by the police, although the investigation is stated to be unrelated to the company itself [1][4]. Company Management Changes - During Liu Peng's inability to perform his duties, Yang Zhe, a board member and general manager, will act as the chairman and legal representative of the company. Yang Zhe faced opposition when appointed as president due to concerns over his lack of experience in senior management roles within listed companies [2][3]. - Yang Zhe, born in 1980 and holding a master's degree, has a military background and joined the company in October 2024, indicating he has been with the company for less than a year before taking on significant responsibilities [2]. Company Background and Business Operations - *ST Chuangxing, listed since May 27, 1999, primarily engages in construction engineering, mobile information services, and computing power services, with its main products being construction decoration, mobile information services, and computing power services [3]. - The company has faced significant challenges, including the disappearance of its former controlling shareholder Yu Zengyun and subsequent legal issues, leading to a crisis in the company's operations [4]. Financial Performance - In the first half of the year, *ST Chuangxing reported a revenue of only 374,000 yuan, a staggering 99% decrease year-on-year, with a net loss of 13.71 million yuan, which is approximately double the loss from the previous year. The company attributed this decline to a lack of new income from construction projects and adjustments in its software and information services due to financial pressures [5][6]. - Following the judicial auction of shares held by Huqiao Industrial, the new controlling shareholder, Wang Xiangrong, now controls 15.76% of the company, indicating a shift in ownership amidst ongoing financial difficulties [5]. Market Performance - As of September 18, the stock price of *ST Chuangxing was 4.28 yuan, with a market capitalization of 1.821 billion yuan. The stock has seen a cumulative increase of approximately 26% this year, despite recent declines [6].

Mergers and Acquisitions - Anhui Heli plans to acquire 51% equity of Anhui Jianghuai Heavy Industry for a cash consideration of 274 million yuan, making Jianghuai Heavy Industry a subsidiary of Anhui Heli after the transaction [1] Shareholding Changes - Jida Zhengyuan's shareholder, Shanghai Yunxin, intends to reduce its stake by up to 3%, equating to a maximum of 5.652 million shares, during the period from October 21, 2025, to January 20, 2026 [2] - Yao Shi Technology's shareholder, Zhou Quan, plans to reduce his stake by up to 1%, which amounts to a maximum of 2.3296 million shares, between September 24, 2025, and December 23, 2025 [3] - Chunfeng Power's controlling shareholder and related parties plan to collectively reduce their stake by up to 2% of the total share capital within three months after the announcement due to funding needs [4] - Jiyou Co., Ltd. intends to reduce its repurchased shares by up to 2%, which corresponds to a maximum of 10.48 million shares, within six months after the announcement [5] Risk Matters - *ST Chuangxing announced that its chairman, Liu Peng, is currently cooperating with an investigation by the public security bureau, although the investigation is unrelated to the company [6]

Core Viewpoint - The ongoing investigation into former controlling shareholder Yu Zengyun for suspected fundraising fraud continues to impact *ST Chuangxing (600193.SH), with the company's chairman Liu Peng currently under police investigation, although it is stated that the investigation is unrelated to the company [2][4][5]. Group 1: Company Management Changes - Liu Peng has been detained by the Hangzhou police, and during his absence, Yang Zhe, a board member and general manager, will act as chairman and legal representative of the company [3]. - Yang Zhe has faced opposition regarding his appointment as president due to a lack of experience in listed companies, receiving 4 votes in favor and 1 against during the vote [3]. - Yang Zhe joined the company in October 2024, meaning he has been with the company for less than a year before taking on these significant responsibilities [3]. Group 2: Company Background and Business Operations - *ST Chuangxing was listed in May 1999 and primarily engages in construction engineering, mobile information services, and computing power services [3]. - The company’s main products include construction decoration, mobile information services, and computing power services [3]. Group 3: Financial Performance and Market Reaction - In the first half of 2025, *ST Chuangxing reported revenue of only 374,000 yuan, a 99% decrease year-on-year, with a net loss of 13.71 million yuan, which is approximately double the loss from the previous year [7]. - The company attributed the revenue decline to a lack of new income from construction projects and adjustments in software and information service operations due to financial pressures [7]. - As of September 18, the stock price of *ST Chuangxing was 4.28 yuan, with a market capitalization of 1.821 billion yuan, reflecting a 26% increase in stock price year-to-date [7].

Core Viewpoint - The ongoing investigation into former controlling shareholder Yu Zengyun's alleged fundraising fraud continues to impact *ST Chuangxing (600193.SH), with the recent detention of Chairman Liu Peng raising concerns about the company's governance and operational stability [1][6]. Group 1: Company Management Changes - Liu Peng has been detained by the Hangzhou Public Security Bureau, and during his absence, Yang Zhe, a board member and general manager, will act as chairman and legal representative [2][6]. - Yang Zhe faced opposition when appointed as president due to concerns over his lack of experience in senior management roles within listed companies [2][6]. - Yang Zhe joined *ST Chuangxing in October 2024, indicating he has been with the company for less than a year before taking on significant responsibilities [2][5]. Group 2: Financial Performance - In the first half of 2025, *ST Chuangxing reported revenue of only 374,000 yuan, a 99% decrease year-on-year, with a net loss of 13.71 million yuan, which is approximately double the loss from the previous year [8]. - The company attributed the revenue decline to a lack of new income from construction projects and adjustments in software and information service operations due to financial pressures [8]. Group 3: Shareholder Changes - Following the detention of Liu Peng, shares of *ST Chuangxing held by Huashang Industrial were auctioned, resulting in a total sale amount of 234 million yuan for 67 million shares [7]. - Wang Xiangrong, through his investment companies, has become the new controlling shareholder of *ST Chuangxing, holding 15.76% of the total shares after the auction [7]. Group 4: Market Performance - As of September 18, *ST Chuangxing's stock price closed at 4.28 yuan, down 2.28%, with a market capitalization of 1.821 billion yuan, although the stock has seen a cumulative increase of approximately 26% this year [9].

公开信息显示，刘鹏于1980年6月出生，毕业于浙江大学管理学院，硕士研究生学历，曾任酒便利董事长、总经理。 *ST创兴表示，为保证公司经营管理稳定，公司董事兼总经理杨喆代行董事长及法定代表人职责。公司日常经营管理由高管团队负责，其他董事、高级管 理人员及监事均正常履职。公司生产经营情况正常，将持续关注该事项进展并履行信息披露义务。 上半年持续亏损，退市风险高悬 *ST创兴董事长被采取强制措施，此前或早有征兆：公司历史违规记录令人心惊。 2024年11月，*ST创兴原实际控制人余增云因涉嫌集资诈骗被杭州市公安局上城区分局立案调查。控股股东华侨实业持有的1.02亿股（占总股本23.90%） 全部被司法冻结。 2020年1月，*ST创兴因内部控制缺陷导致财务列报错误，被上海证监局出具警示函；2024年4月，公司又因会计差错更正导致信息披露不准确，被上交所 予以监管警示。 资本玩家的危险"狩猎" 更耐人寻味的是，漩涡中的*ST创兴刚发生实际控制权的变更。 7月16日晚，公司发布权益变动公告，利欧股份通过旗下的福建平潭元初投资有限公司与温岭利新机械有限公司，以1.53亿元总价竞得公司9.87%股权，成 为*ST创兴第一 ...

【导读】*ST创兴实控人刑事立案后，董事长也被抓 中国基金报记者 南深 9月18日，创兴资源 （ 即*ST创兴 ） 发布公告称， 收到 公司 董事长刘鹏家属通知， 刘鹏已 收到杭州市公安局上城区分局的拘留通知， 正在公安机关配合调查 。 创兴资源强调，刘鹏 接受调查事项与公司无关。 鉴于以上情况， *ST创兴 董事会推举公司董事兼总经理杨喆代行董事长及公司法定代表人职责，代行职责的期限自推举之日起至刘鹏恢复 履行职责或选举产生新任相关职务人员之日止。 "华侨系"债务危机影响蔓延 资料显示， 刘鹏2023年5月至今任浙江华侨实业有限公司总裁 及*ST创兴 董事长。 在他之前，"华侨系"的实控人同时也是*ST创兴的前 任实控人 余增云 已被刑事立案。 2023年3月，余增云通过浙江华侨实业间接控制了创兴资源，成为其实际控制人，控制权比例为 23.9%，其中大部分（6700万股，占其持 股的65.9%）被质押 用于融资 。 但很快， 其控制的"华侨系"企业（如华侨控股集团）陷入了严重的理财兑付危机，部分相关公司的办公 场所已被查封。 余增云 也 自2024年9月起失联，并于2024年11月因涉嫌集资诈骗，被杭州市公 ...

【导读】*ST创兴实控人刑事立案后，董事长也被抓 9月18日，创兴资源（即*ST创兴）发布公告称，收到公司董事长刘鹏家属通知，刘鹏已收到杭州市公安局上城区分局的拘留通知，正在公安机关配合调 查。创兴资源强调，刘鹏接受调查事项与公司无关。 "华侨系"债务危机影响蔓延 资料显示，刘鹏2023年5月至今任浙江华侨实业有限公司总裁及*ST创兴董事长。在他之前，"华侨系"的实控人同时也是*ST创兴的前任实控人余增云已被 刑事立案。 2023年3月，余增云通过浙江华侨实业间接控制了创兴资源，成为其实际控制人，控制权比例为23.9%，其中大部分（6700万股，占其持股的65.9%）被质 押用于融资。但很快，其控制的"华侨系"企业（如华侨控股集团）陷入了严重的理财兑付危机，部分相关公司的办公场所已被查封。 余增云也自2024年9月起失联，并于2024年11月因涉嫌集资诈骗，被杭州市公安局上城区分局立案调查。 鉴于以上情况，*ST创兴董事会推举公司董事兼总经理杨喆代行董事长及公司法定代表人职责，代行职责的期限自推举之日起至刘鹏恢复履行职责或选举 产生新任相关职务人员之日止。 警惕触发退市条款 虽然王相荣通过缔结一致行动协议的方 ...

Core Viewpoint - The company *ST Chuangxing announced that its chairman Liu Peng is under investigation by the police, and during his absence, Yang Zhe will act as the chairman and legal representative of the company [2][3]. Group 1: Management Changes - Liu Peng, the chairman of *ST Chuangxing, is currently cooperating with an investigation by the Hangzhou Public Security Bureau, which is unrelated to the company [2]. - Yang Zhe, who has been with *ST Chuangxing for less than a year, will assume the responsibilities of chairman and legal representative until Liu Peng resumes his duties or a new chairman is elected [2]. - Yang Zhe faced opposition when appointed as the company president last December due to concerns about his lack of experience in listed companies [3]. Group 2: Shareholder and Control Changes - The company's former controlling shareholder, Zhejiang Huqiao Industrial Co., Ltd., is under investigation for suspected fundraising fraud, leading to the freezing of its shares [3]. - Following a judicial auction, Huqiao Industrial's shareholding in *ST Chuangxing decreased from 23.90% to 8.15% [4]. - The new controlling shareholder is Wang Xiangrong, who indirectly controls 9.88% of the company through other entities [5]. Group 3: Financial Performance - For the first half of the year, *ST Chuangxing reported a revenue of approximately 374,000 yuan, a 99% decrease year-on-year, and a net loss attributable to shareholders of 13.71 million yuan, with losses expanding compared to the previous year [6]. - As of September 18, the stock price of *ST Chuangxing was 4.28 yuan per share, reflecting a decline of 2.28% [6].