Group 1 - The company has approved the acquisition of 51% equity in Chengdu Zhongke Huami Electronics Co., Ltd. for a total consideration of RMB 27,540 million [2] - Following the acquisition, Zhongke Huami will become a subsidiary of the company and will be included in the consolidated financial statements [2] - The company has completed the first phase of the payment, amounting to RMB 2,754 million, to the counterparties involved in the transaction [2] Group 2 - On October 15, 2025, the company completed the industrial and commercial registration procedures for Zhongke Huami [3] - The company has recently made the second phase payment of RMB 17,901 million as per the equity acquisition agreement [4] - The company will fulfill its information disclosure obligations based on subsequent developments [5]

Group 1 - The company has approved the acquisition of 51% equity in Chengdu Zhongke Huamei Electronics Co., Ltd. for a total consideration of RMB 27.54 million, which will make Zhongke Huamei a subsidiary included in the company's consolidated financial statements [2] - The first phase of the equity transfer payment amounting to RMB 27.54 million has been completed, with payments made to multiple counterparties [2] - The acquisition agreement has met all preconditions, and the parties involved will continue to fulfill their respective responsibilities as per the agreement [3] Group 2 - Chengdu Zhongke Huamei Electronics Co., Ltd. has completed its business registration changes, with a registered capital of RMB 12.96 million and a business scope that includes semiconductor devices, integrated circuits, and related technical services [3] - The company was established on October 15, 2014, and is located in Chengdu High-tech Zone [3] - The board of directors will continue to disclose information regarding the progress of the acquisition as necessary [3]

Group 1 - The company has successfully launched the HWD9361 RF transceiver chip, which features two receive and two transmit channels with a maximum bandwidth of 56MHz, marking a significant breakthrough in the RF transceiver field [1][3] - The HWD9361 chip integrates key technologies such as direct conversion modulator design, active up-conversion mixer design, and low-noise amplifier design, and has applied for multiple invention patents based on these technological advancements [1][3] - The chip is designed for a wide frequency range, covering 47MHz to 6GHz for transmission and 70MHz to 6GHz for reception, with a maximum gain of 70dB and low leakage [1][2] Group 2 - The successful release of the HWD9361 chip expands the company's high-speed signal chain product line and broadens its market space, with plans for further technological advancements to meet customer needs [3] - The chip is applicable in various fields such as communication base stations, software-defined radio, point-to-point communication systems, microwave communication, and radar systems, enhancing signal coverage and communication capacity [2][3] Group 3 - The company has relocated its main office to better manage investor relations and facilitate communication with investors, while other contact information remains unchanged [7]

Market Overview - The Shanghai Composite Index closed at 3865.23 points, with a decline of 0.62% [1] - The total trading volume of A-shares reached 25,965.85 billion yuan [1] Technical Analysis - A total of 114 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hongxing Co., Ltd. with a distance of -2.60% [1] - Huayi Technology with a distance of -2.54% [1] - Top Group with a distance of -2.48% [1] Individual Stock Performance - Hongxing Co., Ltd. (001209) saw a decline of 2.11% with a trading turnover of 4.66% [1] - Huayi Technology (688071) experienced a drop of 6.84% with a trading turnover of 5.55% [1] - Top Group (601689) fell by 6.13% with a trading turnover of 2.80% [1] - Other notable declines include: - Green Harmonic (688017) down 7.05% [1] - Fangzheng Electric (002196) down 1.99% [1] - Zhongyou Technology (688648) down 5.32% [1] Additional Stock Movements - Several stocks showed minor declines, including: - ST Huayi (600360) down 0.49% [2] - Olin Biotech (688319) down 7.06% [2] - Qinchuan IoT (688528) down 1.43% [2] - Stocks with slight increases include: - Gujing (000596) up 2.81% [2]

Core Viewpoint - The A-share market is experiencing a decline, with the Shanghai Composite Index down by 0.47% and a total trading volume of 2,104.034 billion yuan as of 14:01 [1]. Group 1: Market Performance - The Shanghai Composite Index is at 3,871.31 points, reflecting a decrease of 0.47% [1]. - A total of 91 A-shares have seen their 5-day moving averages cross below their 10-day moving averages, indicating potential bearish trends [1]. Group 2: Notable Stocks - Hongxing Co. (001209) has a 5-day moving average of 18.33 yuan, down 1.39% today, with a distance of -2.53% from its 10-day moving average [1]. - Huayi Technology (688071) shows a significant drop of 5.62%, with its 5-day moving average at 40.79 yuan, which is -2.43% lower than its 10-day moving average [1]. - Top Group (601689) has decreased by 5.54%, with a 5-day moving average of 73.56 yuan, -2.42% from its 10-day moving average [1].

Core Points - The former chairman of *ST Huamei, Xia Zengwen, has been criminally charged by the Jilin City Public Security Bureau for "suspected information disclosure violations and failure to disclose important information" [1] - The formal notice of Xia's case was dated September 19, indicating that the police have determined there are "criminal facts that require prosecution" [1] - Xia Zengwen went missing several months before a major shareholder's fund misappropriation incident that surfaced in early 2024 [1] - Former nominal actual controller, Zeng Tao, is also under investigation [1] - Despite not publicly appearing as the "actual controller," Xia has been recognized internally as the true actual controller of *ST Huamei since 2015 [1]

从权威信源获悉，*ST华微（维权）原董事长夏增文近日被吉林省吉林市公安局以 "涉嫌信息披露违 规、未披露重要信息" 刑事立案。据悉，*ST华微原副董事长王宇峰涉嫌职务侵占等罪一案，于2025年 10月13日在吉林市开庭。王宇峰一直与夏增文、曾涛存在股权转让纠纷和相互举报的情形，此次庭审意 味着王宇峰与夏、曾这场持续十余年的股权与资金迷局迎来关键节点。（第一财经） 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

Core Viewpoint - The former chairman of *ST Huami, Xia Zengwen, has been criminally charged by the Jilin City Public Security Bureau for "suspected information disclosure violations and failure to disclose important information" [2][3] Group 1: Criminal Charges and Legal Proceedings - Xia Zengwen was officially charged on September 19, 2024, with the police determining that there are "criminal facts that need to be pursued" [3] - Alongside Xia, former nominal actual controller Zeng Tao is also under investigation [4] - The former vice chairman Wang Yufeng's case regarding embezzlement is set to be heard on October 13, 2025, marking a critical point in the ongoing disputes over equity and funds [4] Group 2: Company Control and Governance Issues - Xia Zengwen, aged 73, has been involved with Huami Electronics since its inception, serving as chairman from 1990 until the present [6] - Despite Zeng Tao being recognized as the apparent actual controller since 2014, Xia has been the true controller within the company, a fact that was not disclosed for years [7] - The 2023 audit report revealed significant financial discrepancies, including unaccounted payments totaling 1.484 billion yuan, raising concerns about the company's financial integrity [7] Group 3: Regulatory Actions and Penalties - The China Securities Regulatory Commission (CSRC) initiated investigations into *ST Huami in May and October 2024, following the disclosure of non-operating fund occupation issues [9] - The Jilin Securities Regulatory Bureau issued a notice of administrative penalties in January 2025, citing severe violations by Xia and Zeng, leading to lifetime bans from the securities market [9][10] - The Shanghai Stock Exchange publicly reprimanded Xia Zengwen in April 2025, declaring him unfit to serve as a director or senior executive of a listed company [10] Group 4: Historical Context and Previous Allegations - Xia Zengwen has a history of alleged misconduct, including a 2018 case where he was implicated in bribery related to a land acquisition project, although he has not faced consequences for this incident [11]

据第一财经报道，，*ST华微原董事长夏增文被吉林省吉林市公安局正式刑事立案，案由为"涉嫌信息披露违规、未披露重要信息"。立案文书 日期显示为2025年9月19日，警方认定夏增文"有犯罪事实需要追究刑事责任"。此案揭开了这家上市公司长期存在的治理谜团与资金占用风 波。 随着司法机关的深入调查和审理，*ST华微过往十余年的股权与资金迷局有望被逐步厘清，其结果将对公司未来的发展方向和资本市场形象产 生深远影响。 与此同时，*ST华微原副董事长王宇峰涉嫌职务侵占等罪一案，已定于2025年10月13日在吉林市中级人民法院开庭审理。王宇峰与夏增文、曾 涛之间长期存在股权转让纠纷和相互举报行为。此次庭审标志着这场纠缠十余年、涉及公司股权与巨额资金的复杂迷局，即将迎来一个关键 的法律节点。 此前，*ST华微因其控股股东上海鹏盛科技实业有限公司（简称"上海鹏盛"）形成高达14.9亿元的非经营性资金占款，已受到监管部门的严厉 处罚。该事件严重侵害了上市公司利益，对公司财务状况和市场声誉造成了重大影响。 为化解这一危机，今年6月，吉林省国有资本投资平台——吉林省亚东国有资本投资有限公司（简称"亚东投资"）介入。亚东投资拟向*ST华 ...

Core Viewpoint - The article discusses the criminal investigation and legal troubles surrounding *ST Huami's former chairman, Xia Zengwen, and the implications for the company following long-standing issues of information disclosure violations and financial misconduct [3][4][8]. Group 1: Criminal Investigation and Legal Proceedings - Xia Zengwen has been criminally investigated by the Jilin City Public Security Bureau for "suspected information disclosure violations and failure to disclose important information," with the investigation officially initiated on September 19, 2024 [4][8]. - Alongside Xia, former nominal actual controller Zeng Tao is also under investigation, highlighting a complex web of ownership and control within *ST Huami [4][9]. - The trial of former vice chairman Wang Yufeng for embezzlement began on October 13, 2025, marking a critical point in the ongoing disputes over equity and funds that have persisted for over a decade [4][5]. Group 2: Financial Misconduct and Regulatory Actions - The Jilin Provincial State-owned Assets Supervision and Administration Commission intervened to resolve an 8-year issue of major shareholder fund occupation, with a transaction of 1.62 billion yuan to clear all outstanding debts [5][8]. - The company has faced significant scrutiny for failing to disclose non-operating fund occupation, with the Jilin Securities Regulatory Bureau issuing a notice of administrative penalties for violations spanning from 2015 to 2023, totaling an unpaid balance of 1.49 billion yuan [11][12]. - The 2023 audit report revealed substantial discrepancies in the company's financial statements, including 504 million yuan in unbilled construction costs and 981 million yuan in other non-current assets, raising serious doubts about the commercial substance of these payments [8][11]. Group 3: Ownership and Control Issues - Despite Zeng Tao being recognized as the actual controller on paper since 2014, Xia Zengwen has been identified as the true controller within the company, a fact that was not disclosed until the 2023 annual report audit [8][9]. - The ongoing investigations have revealed that Zeng Tao admitted he was not the actual controller, further complicating the ownership narrative and raising questions about the legitimacy of the company's governance [9][11]. - Xia Zengwen has been missing since late 2023, with reports indicating he left the country around November 2023, complicating the legal proceedings against him [9][12].