Market Overview - Major market indices opened lower, with the Shanghai Composite Index down 0.28% at 3716.68 points, the Shenzhen Component Index down 0.61% at 11749.99 points, and the ChiNext Index down 1.14% at 2572.01 points [1]. Stock Performance - A total of 1167 stocks rose at the opening, with newly listed stock N Hongyuan surging 305.67% at the open. There were 9 stocks hitting the daily limit up, including *ST Aowei with 11 consecutive limit ups, Kosen Technology with 4 consecutive limit ups, and ST Dongshi with 3 limit ups in 4 days [1]. - Conversely, 3502 stocks opened lower, with 2 stocks, *ST Gaohong and *ST Nanzhi, hitting the daily limit down [1]. Price Continuity - Among the stocks that hit the limit up yesterday, those that continued to hit the limit up today included Kosen Technology and Shimao Energy, totaling 6 stocks. Stocks that opened lower included Zhongheng Electric, Haili Shares, and Jimin Health, with declines of 8.29%, 5.52%, and 5.19% respectively [1]. - Stocks that hit the limit down yesterday and continued to do so today included *ST Gaohong and *ST Nanzhi [1].

Core Viewpoint - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation, aiming to enhance corporate governance and mitigate risks of delisting [1][7]. Summary by Relevant Sections Regulatory Changes - The China Securities Regulatory Commission (CSRC) issued opinions on strict enforcement of delisting systems, with stock exchanges revising delisting rules to include fund occupation as a reason for delisting [1][7]. - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues through various means, recovering over 8 billion yuan [7]. Company Cases - On August 18, 2023, two companies, ST Dongshi and *ST Huamei, announced the completion of their fund occupation rectification, allowing their stocks and convertible bonds to resume trading [2][5]. - ST Dongshi's controlling shareholder and related parties resolved a fund occupation of 3.87 billion yuan through compensation agreements and debt transfer with restructuring investors [4][3]. - *ST Huamei's controlling shareholder returned a total of 15.67 billion yuan, including interest, by transferring all shares and using dividend payments to settle the occupied funds [5][4]. Impact of New Regulations - The new delisting regulations have created a strong deterrent effect, prompting companies to clear large amounts of occupied funds before the deadline [6][2]. - The emphasis on timely rectification under the new rules has proven effective in urging controlling shareholders to repay debts [6][7]. Future Directions - The CSRC plans to enhance corporate governance rules and increase penalties for financial misconduct, aiming to strengthen the role of independent directors and encourage institutional investors to exercise their rights [8][9]. - Experts suggest a multi-faceted approach to further address fund occupation issues, including improving governance, monitoring fund flows, and enforcing stricter penalties for violations [9][8].

Group 1 - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation in key areas [1][7] - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues, recovering over 8 billion yuan [1][7] - The new delisting regulations include fund occupation as a reason for delisting, aiming to address non-operational illegal fund occupation in the A-share market [2][6] Group 2 - ST Dongshi and *ST Huamei completed their fund occupation rectification, recovering a total of 19.54 billion yuan [2][4] - ST Dongshi's controlling shareholder used various methods, including debt compensation and equity transfer, to clear 3.87 billion yuan of non-operational fund occupation [3][4] - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through share transfer and dividend compensation [4][6] Group 3 - The new delisting rules have created a strong regulatory deterrent, prompting companies to clear large amounts of occupied funds before deadlines [6][8] - Regulatory authorities are committed to improving corporate governance rules and increasing penalties for illegal activities [8][9] - Suggestions for further addressing fund occupation issues include enhancing governance, monitoring fund flows, and implementing stricter approval processes for related transactions [9]

Core Viewpoint - The new "National Nine Articles" emphasizes strict rectification of financial fraud and fund occupation, with a focus on the implementation of delisting rules to address non-operational fund occupation issues in listed companies [1][5][6]. Summary by Relevant Sections Regulatory Changes - The China Securities Regulatory Commission (CSRC) issued opinions on strict enforcement of delisting systems, with the Shanghai and Shenzhen Stock Exchanges revising delisting rules to include fund occupation as a delisting condition [1][6]. - Since the implementation of the new delisting rules, a total of 8 companies have resolved fund occupation issues through various means, recovering over 8 billion yuan [1][6]. Company Actions - On August 18, 2023, ST Dongshi and *ST Huamei announced the completion of their fund occupation rectification, allowing their stocks and convertible bonds to resume trading [1][4]. - ST Dongshi's controlling shareholder and related parties repaid 1.954 billion yuan through investor compensation and equity transfer [1][3]. - *ST Huamei's controlling shareholder repaid 1.567 billion yuan, including 110.593 million yuan through dividend compensation and 1.556 billion yuan from the sale of all shares [1][4]. Impact of New Regulations - The new delisting rules have created a strong regulatory deterrent, compelling companies to clear large amounts of occupied funds before the deadline [5][6]. - The cases of ST Dongshi and *ST Huamei demonstrate the effectiveness of the "strict delisting for non-compliance" policy in urging controlling shareholders to repay debts [5][6]. Future Directions - The CSRC plans to enhance corporate governance rules and increase penalties for financial misconduct, aiming to improve the effectiveness of independent directors and encourage institutional investors to exercise their rights [7][8]. - Experts suggest a multi-faceted approach to prevent fund occupation, including improving corporate governance, enhancing monitoring systems, and implementing strict penalties for actual controllers [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600360 证券简称：*ST华微 公告编号：2025-066 吉林华微电子股份有限公司 关于公司股票被实施退市风险警示 及其他风险警示相关事项的进展公告 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法律责任。 重要内容提示： ● 因吉林华微电子股份有限公司（以下简称"公司"）2024年度的财务会计报告被出具无法表示意见的审 计报告，根据《上海证券交易所股票上市规则》(2025年4月修订)第9.3.2条第一款第(三)项的规定，出 现"最近一个会计年度的财务会计报告被出具无法表示意见或否定意见的审计报告"的情形，公司股票被 实施退市风险警示。 （一）被实施退市风险警示的情形 因公司2024年度的财务会计报告被出具无法表示意见的审计报告，根据《上海证券交易所股票上市规 则》(2025年4月修订)第9.3.2条第一款第(三)项的规定，出现"最近一个会计年度的财务会计报告被出具 无法表示意见或否定意见的审计报告"的情形，公司股票将被实施退市风险警示。 （二）被实施其他风险警示的情形 ...

Core Viewpoint - Two companies, ST Dongshi and *ST Huamei, have resolved their financial misconduct issues by repaying a total of 19.54 billion yuan, thus eliminating the risk of delisting [2][5]. Group 1: Company Actions - ST Dongshi's controlling shareholder and related parties used various methods to repay approximately 3.87 billion yuan of non-operating funds, completing the repayment before the deadline [3][4]. - *ST Huamei's controlling shareholder repaid 15.67 billion yuan, including interest, through a combination of dividend payments and the sale of all shares [5][6]. Group 2: Regulatory Context - The new delisting regulations emphasize the importance of internal controls and impose strict deadlines for companies to rectify financial misconduct, effectively deterring large shareholders from misappropriating funds [2][6]. - Since the implementation of the new delisting rules, a total of eight companies have resolved their financial misconduct issues, recovering over 80 billion yuan [6][7]. Group 3: Expert Opinions - Experts suggest that the new regulations have effectively prompted companies to clear their debts before the deadline, indicating a positive impact on corporate governance [5][6]. - Recommendations for further improvement include enhancing monitoring systems for fund flows, strengthening the responsibilities of intermediaries, and implementing stricter approval processes for related transactions [7][8].

Core Viewpoint - Both *ST Huamei and ST Dongshi have completed the rectification of fund occupation and will resume trading on August 19, 2023 [2][3] Group 1: *ST Huamei - On February 12, 2025, *ST Huamei received a directive from the China Securities Regulatory Commission requiring the recovery of 149,067.82 million yuan of occupied funds within six months [2] - Due to failure to complete the rectification before the deadline, *ST Huamei's stock was suspended from trading on August 13, 2023 [2] - The company has received a total of 156,695.89 million yuan from Shanghai Pengsheng, which includes all occupied funds and interest [3] Group 2: ST Dongshi - ST Dongshi resolved its fund occupation issue through compensation from its controlling shareholder and related parties, totaling 387,344,487.68 yuan, resulting in a zero balance for occupied funds [3][4] - On August 14, 2023, ST Dongshi signed a compensation agreement with restructuring investors to clear non-operating fund occupations amounting to 337,486,717.76 yuan [4] - The company also executed a debt transfer agreement for 49,857,769.92 yuan related to non-operating fund occupation with its controlling shareholder's related party [4] Group 3: Regulatory Context - In April 2024, the CSRC issued new regulations that include stricter delisting standards for companies with significant fund occupation issues [5] - Companies with non-operating fund occupations exceeding 200 million yuan or 30% of net assets must repay within six months to avoid delisting procedures [5] - Other companies, such as ST Xintong and Zhongli Group, have also resolved fund occupation issues through various means, including cash repayment and bankruptcy restructuring [5]

证券代码：600360 证券简称：*ST 华微 公告编号：2025-066 因吉林华微电子股份有限公司（以下简称"公司"）2024 年度的财务会计报告 被出具无法表示意见的审计报告，根据《上海证券交易所股票上市规则》(2025 年 4 月修订)第 9.3.2 条第一款第(三)项的规定，出现"最近一个会计年度的财 务会计报告被出具无法表示意见或否定意见的审计报告"的情形，公司股票被 实施退市风险警示。 2024 年 5 月 6 日，因 2023 年度内部控制被出具否定意见的审计报告，公司股 票被实施其他风险警示。2025 年 5 月 6 日，因 2024 年度内部控制被出具否定 意见的审计报告，公司股票被继续实施其他风险警示。 2025 年 1 月 25 日，公司因存在资金占用未收回事项，被叠加实施其他风险警 示。截至 2025 年 8 月 15 日，公司清收了全部被上海鹏盛科技实业有限公司 （以下简称"上海鹏盛"）及其关联方占用资金及利息合计 156,695.89 万元。 2025 年 8 月 18 日，北京国府嘉盈会计师事务所（特殊普通合伙）出具专项核 查意见，确认公司已按责令改正要求完成资金占用整改。根据 ...

格隆汇8月19日丨*ST华微(600360.SH)在互动平台表示，光刻机是公司生产制造中必不可少的关键设 备，我司相关发明专利是用于优化光刻机在公司日常生产制造过程中的应用，而并非直接用于光刻机的 研发制造。 （原标题：*ST华微(600360.SH)：相关发明专利是用于优化光刻机在公司日常生产制造过程中的应用） ...

消息面上，8月18日晚间，*ST华微披露公告称，公司已完成资金占用整改，北京国府嘉盈会计师事务 所（特殊普通合伙）已出具专项审核报告。 北京商报讯（记者 马换换 王蔓蕾）8月19日，*ST华微（600360）开盘涨停。截至北京商报记者发稿， 公司股价仍封死涨停，报涨停价9.45元/股。 ...