此次警示释放出明确信号:在热点题材上,企业不能再打"我没说谎,只是没说完"的擦边球。 唯有企业讲清事实、投资者穿透故事,才能遏制概念套利,让信披真正成为市场信任的基石。 业绩承压是涉事企业"蹭热点"的重要诱因。以电科数字和杭萧钢构为例,其三季报均暴露明显业绩疲 态。电科数字前三季度归母净利润同比下降15.68%,杭萧钢构同期下滑27.51%,基本面承压可见一斑。在 此背景下,两家公司不约而同选择在年末敏感时点,通过非正式渠道高调释放"商业航天"相关信号,却刻意 淡化相关业务规模极小、无技术突破等关键事实,结果引发股价短期内大幅上涨,甚至多次涨停。 （大众新闻·风口财经评论员 王好） 这种"用热点对冲业绩"的做法,短期或可维稳股价,长期来看,却是在透支投资者对创新的信任。商业航 天、AI、低空经济等代表未来方向的战略性产业本应获得资本支持,但当大量企业仅凭微量业务关联、 模糊技术表述甚至普通工程分包,就高调宣称"切入赛道""实现突破",无疑会导致概念被迅速稀释、泛化 乃至滥用,真正需要长期资本支持的硬科技项目反而融资困难。 1月13日晚间,上海证券交易所分别对电科数字、杭萧钢构出具监管警示,事由均涉高调披露参与 ...

杭萧钢构(600477)今日上涨2.06%，全天换手率28.84%，成交额29.10亿元，振幅19.75%。龙虎榜数据显 示，沪股通净买入4995.48万元，营业部席位合计净卖出2.58亿元。 上交所公开信息显示，当日该股因日振幅值达19.75%、日换手率达28.84%上榜，沪股通净买入4995.48 万元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交6.47亿元，其中，买入成交额为2.19亿 元，卖出成交额为4.28亿元，合计净卖出2.08亿元。 具体来看，今日上榜的营业部中，沪股通为第二大买入营业部，买入金额为4995.48万元，合计净买入 4995.48万元。 （原标题：杭萧钢构换手率28.84%，沪股通龙虎榜上净买入4995.48万元） 近半年该股累计上榜龙虎榜5次，上榜次日股价平均涨4.36%，上榜后5日平均涨15.52%。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 资金流向方面，今日该股主力资金净流出6.76亿元，其中，特大单净流出5.47亿元，大单资金净流出 1.29亿元。近5日主力资金净流出4.24亿元。 融资融券数据显示，该股最新（1月13日）两融余额为2. ...

Core Viewpoint - The Shanghai Stock Exchange has issued regulatory warnings to multiple companies for inadequate disclosure of information related to their business activities, particularly in the context of hot market topics like commercial aerospace and artificial intelligence, which may mislead investors [1][4][7][18]. Group 1: Regulatory Warnings - The Shanghai Stock Exchange issued a regulatory warning to Hangxiao Steel Structure Co., Ltd. for failing to accurately disclose the impact of a project bid on its business performance, which led to significant stock price fluctuations [1][4]. - China Electronics Technology Digital Technology Co., Ltd. received a regulatory warning for not adequately reflecting the development stage and sales scale of its satellite communication and AI products, which resulted in a 19.37% stock price increase [6][7]. - Shenzhen Yihuilong Biotechnology Co., Ltd. was warned for inconsistent statements regarding its strategic cooperation with Brain Machine Star Chain, which could mislead investors about the technological capabilities of its partner [9][10]. - Shenzhen Injoinic Technology Co., Ltd. was cautioned for not clearly communicating the sales status and market impact of its brain-computer interface chip, which led to a 4.51% stock price increase despite uncertainties [13][14]. - Ningbo Tianpu Rubber Technology Co., Ltd. faced regulatory scrutiny for changing the business scope of a subsidiary to include AI-related activities without clarifying its actual business plans, which could mislead investors following abnormal stock price movements [17][18]. Group 2: Market Reactions - Hangxiao Steel's stock experienced multiple consecutive trading halts and abnormal fluctuations following the announcement of its project bid, indicating high market sensitivity to news in the commercial aerospace sector [3][4]. - China Electronics Technology's stock rose significantly after the announcement of its involvement in satellite internet, reflecting investor enthusiasm for AI and aerospace-related technologies [6][7]. - Yihuilong's stock surged by 6.52% after announcing a strategic partnership, highlighting the market's interest in AI-driven technologies [9][10]. - Injoinic's stock price increased despite the company clarifying that its chip was still in the market cultivation phase, showing investor optimism in the brain-computer interface sector [13][14]. - Tianpu's stock experienced abnormal volatility following the establishment of a subsidiary with AI-related business scope, demonstrating the market's speculative nature regarding AI investments [17][18].

数据宝统计，截至11:10，杭萧钢构成交额16.97亿元，创2022年8月22日以来新高。最新股价下跌 0.46%，换手率17.28%。上一交易日该股全天成交额为16.31亿元。（数据宝） （文章来源：证券时报网） ...

Group 1 - The main stocks with significant capital outflows include Haige Communication (-1.197 billion), TBEA (-1.048 billion), and Goldwind Technology (-0.998 billion) [1][2] - Haige Communication experienced a price increase of 10%, while TBEA and Goldwind Technology saw increases of 7.34% and 2.65% respectively [2][3] - Other notable stocks with capital outflows include China Satellite (-0.827 billion), Oriental Communication (-0.710 billion), and Zhongji Xuchuang (-0.673 billion) [1][2] Group 2 - The sectors represented by the stocks with the largest capital outflows include communication equipment, power grid equipment, and wind power equipment [2][3] - Stocks like Tianlong Group and Yidian Tianxia saw significant price increases of 16.52% and 17.47% respectively, despite experiencing capital outflows of -0.549 billion and -0.521 billion [2][3] - The data indicates a mixed performance across various sectors, with some stocks showing positive price movements while still facing substantial capital outflows [1][2]

Economic Information - The Dalian Commodity Exchange announced adjustments to the trading fees and limits for lithium carbonate futures contracts, effective January 15, 2026, with a trading fee set at 0.032% of the transaction amount and a daily opening limit of 400 lots for non-futures company members or clients on specific contracts [2] - According to a report by CRIC, 30 key listed real estate companies achieved a total sales amount of 232.86 billion yuan in December 2025, with 22 companies showing month-on-month growth, while only China Jinmao and Greenland Holdings recorded annual growth [2] Company Alerts - Fenglong Co., Ltd. experienced a cumulative increase of 214% from December 25, 2025, to January 13, 2026, and is now suspended for verification [3] - Huaxia Happiness is expected to report a net loss of 16 billion to 24 billion yuan for 2025, with potential delisting risk warnings for its stock [3] - Yijing Optoelectronics anticipates a negative net asset value by the end of 2025, which may also lead to delisting risk warnings [3] - Hangxiao Steel Structure announced it does not have a "commercial aerospace" business and is under regulatory warning from the Shanghai Stock Exchange [3] - TCL Zhonghuan expects a net loss of 8.2 billion to 9.6 billion yuan for 2025, while China Gold anticipates a year-on-year net profit decline of 55% to 65% [9] - Shengxin Lithium Energy forecasts a net loss of 600 million to 850 million yuan for 2025, attributed to increased exchange losses due to the depreciation of the US dollar [9] - Woge Optoelectronics expects a net loss of 100 million to 140 million yuan for 2025 [9] Shareholder Reductions - Multiple companies, including Hongdi Technology, Xiangyu Medical, and New China Group, have announced plans for shareholder reductions, with reductions ranging from 0.75% to 4.68% of total shares [3][9]

Core Viewpoint - The Shanghai Stock Exchange issued regulatory warnings to two listed companies, Electric Science Digital (600850) and Hangxiao Steel Structure (600477), for inadequate risk disclosures related to "commercial aerospace" concepts, which could mislead investors [1][2][5][9][11]. Group 1: Electric Science Digital (600850) - The company received a regulatory warning for inaccurate and incomplete information regarding its business in commercial aerospace and AI, which could mislead investor decisions [2][5]. - Following the release of information about its satellite internet and AI products, the company's stock price rose by 19.37% until January 12, 2026, but later revealed that its satellite communication products had only about 390,000 yuan in orders for the entire year, representing less than 0.1% of overall business [4][5]. - The company was required to clarify that its AI products were still in small-scale delivery stages and had not yet achieved significant sales, with future development remaining uncertain [4][5]. Group 2: Hangxiao Steel Structure (600477) - The company was also warned for failing to accurately disclose the implications of its involvement in a joint project related to commercial aerospace, which led to significant stock price fluctuations [10][11]. - After announcing a contract worth approximately 6931.88 million yuan for a project, the company's stock experienced multiple trading halts and significant price increases, but later disclosures indicated that the contract represented less than 1% of its audited revenue for 2024 [10][11]. - The company was reminded to provide clear and accurate information regarding the actual impact of such contracts on its business performance and to disclose any uncertainties related to contract execution [10][11].

Core Viewpoint - Hangxiao Steel Structure (600477) has experienced a significant stock price increase, with a cumulative rise of 46.80% over four consecutive trading days, leading to regulatory scrutiny from the Shanghai Stock Exchange [1][6]. Group 1: Company Operations - Hangxiao Steel Structure clarified that it does not engage in "commercial aerospace" business, focusing instead on steel structure contracting and related services [3]. - The company is involved in a project with Hunan Construction Group for a liquid rocket assembly and recovery base, with a contract value of approximately 2.53 billion yuan, of which Hangxiao's portion is about 693.19 million yuan [4][6]. Group 2: Regulatory Actions - The Shanghai Stock Exchange issued a regulatory warning to Hangxiao Steel Structure and its board secretary due to misleading information regarding the company's project involvement and its potential impact on financial performance [6]. - The exchange emphasized the need for accurate and complete disclosures, especially regarding the uncertainties and risks associated with the company's operations [6]. Group 3: Financial Performance - Hangxiao Steel Structure has faced declining net profits over recent years, with figures of 412 million yuan in 2021, 268 million yuan in 2022, 294 million yuan in 2023, and 169 million yuan in 2024, reflecting year-on-year changes of -43.14%, -34.92%, 9.62%, and -42.46% respectively [7][9]. - For the first three quarters of 2025, the company reported a net profit of 148.8 million yuan, down 27.51% year-on-year, with total revenue of 5.769 billion yuan, a decrease of 3.51% [9].

登录新浪财经APP 搜索【信披】查看更多考评等级 每经记者｜黄鑫磊 每经编辑｜黄博文 1月13日，上交所发布关于对杭萧钢构（SH600477，股价4.36元，市值103.29亿元）及有关责任人予以 监管警示的决定。 当日晚间，杭萧钢构还发布股票交易异常波动暨风险提示公告称，公司股票连续4个交易日涨停，累计 涨幅偏离值达到46.80%，显著偏离大盘指数；公司股票当天换手率较高，达15.79%，明显放量，交易 风险较大。 对上市公司及时任董秘予以监管警示 上交所查明，杭萧钢构于2025年12月31日在上证E互动平台回复投资者提问时，提到公司与湖南建工集 团有限公司（以下简称"湖南建工"）联合中标箭元中大型液体运载火箭总装总测及回收复用基地（一 期）工程总承包项目。签约合同价约为2.53亿元，公司涉及工程部分的合同价约为6931.88万元。 公开资料显示，1月7日，北京箭元科技有限责任公司（以下简称"箭元科技"）中大型液体运载火箭总装 总测及回收复用基地在杭州市钱塘区破土动工。该基地包括回收复用中心、检测检验中心、生产制造中 心，项目总投资52亿元，建成后将具备年产25发火箭的规模化制造能力。 杭萧钢构作为基地建设 ...

Core Viewpoint - The stock of Hangxiao Steel Structure Co., Ltd. has experienced significant fluctuations, with a cumulative increase of 46.80% over four consecutive trading days, leading to concerns about potential trading risks and a disconnect from the company's fundamentals [2][11]. Group 1: Stock Trading Anomalies - The company's stock has been on a trading suspension from January 8 to January 13, 2026, with a notable increase in trading volume and a high turnover rate of 15.79% on January 13, indicating substantial trading risks [2][5]. - The stock price closed at 4.36 yuan per share on January 13, 2026, with a static P/E ratio of 61.14 and a rolling P/E ratio of 91.84, which are significantly higher than the industry averages [4][11]. Group 2: Business Operations - The company specializes in steel structure contracting and has recently won a project in collaboration with Hunan Construction Group, which is expected to have a minimal impact on the company's overall revenue, accounting for less than 1% of the audited revenue for 2024 [2][8]. - The company confirmed that it does not engage in "commercial aerospace" business, despite media reports suggesting otherwise, and the recent project falls within its regular business operations [3][8]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a net profit attributable to shareholders of 148.81 million yuan, a decrease of 27.51% year-on-year, and a net profit of 83.18 million yuan after deducting non-recurring gains and losses, down 55.64% from the previous year [3][10].