Core Viewpoint - The A-share market has raised alarms as two companies, Xinhua Jin (600735) and Meichen Technology (300237), have been placed under special treatment (ST) due to significant financial issues, including fund misappropriation and historical financial fraud [1][3][4]. Group 1: Xinhua Jin - Xinhua Jin's ST status is primarily due to the non-operational fund misappropriation by its controlling shareholder and related parties, with a total of 406 million yuan involved, which is a substantial portion of the company's net assets [3][4]. - The crisis was triggered by an announcement from the Qingdao Securities Regulatory Bureau on August 26, 2025, leading to a drastic drop in stock price and subsequent investor claims [3][4]. - As of the latest updates, Xinhua Jin has not returned any of the misappropriated funds, maintaining a balance of 406 million yuan, which has led to the ST designation [3][4]. Group 2: Meichen Technology - Meichen Technology's ST designation stems from historical financial fraud, where it inflated revenues by 1.438 billion yuan and profits by 658 million yuan from 2014 to 2018 [4][5]. - The most severe year for the company was 2016, with inflated revenue and profit ratios reaching 24.60% and 49.78%, respectively, indicating that nearly half of the reported profits were fabricated [4][5]. - The fraudulent activities involved false procurement and sales practices, misleading investors about the company's actual financial health [4][5]. Group 3: Investor Claims - Investors affected by these issues can pursue legal claims based on specific timelines: Xinhua Jin investors who bought shares between May 8, 2025, and August 26, 2025, are eligible for claims if they sold or still hold shares at a loss [7]. - Meichen Technology investors who purchased shares from March 12, 2015, to March 31, 2025, can also join the claims process if they sold or still hold shares at a loss after April 1, 2025 [7]. - Investors are advised to closely monitor the progress of fund recovery for Xinhua Jin and the financial corrections for Meichen Technology to assess potential impacts on their investments [8][9].

每经AI快讯，Wind数据显示，9月29日，美晨科技、智光电气、新华锦等14只个股停牌。 （文章来源：每日经济新闻） ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码： 600735 证券简称：新华锦 公告编号：2025-051 山东新华锦国际股份有限公司关于控股股东股份被司法轮候冻结的公告 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法律责任。 重要内容提示： ●山东新华锦国际股份有限公司（以下简称"公司"）控股股东山东鲁锦进出口集团有限公司（以下简 称"鲁锦集团"）持有公司股份185,532,352股，占公司股份总数的43.27%；截至本公告披露日，鲁锦集团 持有的公司股份累计被司法冻结股份612,352股、司法标记股份184,920,000股，合计占其所持公司股份 总数的100%，占公司股份总数的43.27%；本次司法轮候冻结股份185,532,352股，占其所持公司股份总 数的100%，占公司股份总数的43.27%。 ●鲁锦集团及其一致行动人合计持有公司股份185,596,152股，占公司股份总数的43.28%；本次司法轮候 冻结股份185,532,352股，占其所持公司股份总数的99.97%，占公司股份总数的43.27%。 公司于 ...

重要新闻提示 国务院新闻办公室将于9月28日（星期日）上午10时举行新闻发布会，介绍中秋国庆假期交通运输服务保障有关情况，并答记者问 中国贸促会定于9月28日（星期日）上午10时召开9月例行新闻发布会 东星医疗拟重大资产重组 股票不停牌 今日提示 国家统计局今日发布工业经济效益月度报告 开源鸿蒙开发者大会今日举办 财经新闻 登录新浪财经APP 搜索【信披】查看更多考评等级 1. 中国人民银行网站9月26日消息，中国人民银行货币政策委员会2025年第三季度（总第110次）例会于9月23日召开。会议研究了下阶段货币政策主要思 路，建议加强货币政策调控，提高前瞻性、针对性、有效性，根据国内外经济金融形势和金融市场运行情况，把握好政策实施的力度和节奏，抓好各项货 币政策措施执行，充分释放政策效应。 图片来源：中国人民银行网站 2. 中国人民银行9月26日消息，中国人民银行、中国证监会、国家外汇管理局联合发布关于进一步支持境外机构投资者在中国债券市场开展债券回购业务 的公告。 | | | 6. 人力资源社会保障部部长王晓萍9月26日在国新办举行的"高质量完成'十四五'规划"系列主题新闻发布会上介绍，"十四五"期间，是社 ...

Core Points - Next week, a total of 36 stocks will face a lock-up expiration, with a combined market value of 40.081 billion yuan [5] - Xinhua Jin (600735) announced that due to non-operational fund occupation by related parties, its stock will be subject to risk warnings and will be renamed to "ST Xinhua Jin" starting September 30 [1] - Meichen Technology (300237) will also be renamed to "ST Meichen" after receiving a notice of administrative penalty for financial fraud, which inflated revenue by 1.438 billion yuan from 2014 to 2018 [3] Summary by Category Lock-up Expiration - 36 stocks will have a total lock-up expiration market value of 40.081 billion yuan next week [5] - Ningbo Port will have 3.647 billion shares listed for circulation, with a lock-up market value of 13.202 billion yuan [6] - Wankai New Materials will have 230 million shares listed for circulation, with a lock-up market value of 4.665 billion yuan [7] Risk Warnings - Xinhua Jin's stock will be suspended for one day on September 29 and will be subject to risk warnings starting September 30 due to non-operational fund occupation of 406 million yuan [1] - Meichen Technology's stock will also be suspended for one day on September 29 and will be renamed to "ST Meichen" due to financial fraud involving inflated revenue of 1.438 billion yuan [3] Performance and Market Reactions - Among the 36 stocks facing lock-up expiration, 7 reported losses in the first half of the year, with losses exceeding 50 million yuan for several companies [11] - The average stock price of the 36 stocks has increased by 0.64% since September [10] - Notable stock price increases include Weiteou and Tonglian Precision, which rose by 59.4% and 41.67% respectively [10]

尽管新华锦方面表示，目前公司各项经营活动正常运行，控股股东的股份冻结事项不会对公司生产经营 产生重大影响，但控股股东的财务困境与关联方资金占用顽疾交织，令这家公司的未来走向充满不确定 性。 控股股东所持股权全部处于受限状态 新华锦当前面临的困境是双重的。首先，其控股股东鲁锦集团自身的流动性问题已经通过司法冻结的方 式暴露在公众面前。 根据新华锦9月26日晚间发布的公告，公司于9月25日获悉，鲁锦集团因与连云港可乐禾科技有限公司、 连云港市冠华装饰工程设计有限公司之间的财产保全一案，其持有的全部1.86亿股公司股份被连云港市 海州区人民法院司法轮候冻结。 关联方资金占用、控股股东的资金紧张，对新华锦（SH600735，股价5.60元，市值24.01亿元）的影响 在进一步发酵。 9月26日晚间，新华锦连发两份公告，揭示了公司正面临的"内忧外患"：不仅其控股股东山东鲁锦进出 口集团有限公司（以下简称"鲁锦集团"）持有的全部公司股份遭到司法轮候冻结，同时，因关联方高达 4.06亿元的非经营性资金占用问题未能在一个月内解决，公司股票将于9月30日起被实施其他风险警 示，正式"戴帽"ST。 《每日经济新闻》记者注意到，这 ...

两只A股股票即将被ST！ 9月26日晚间，美晨科技公告，公司披露的年度报告财务指标存在虚假记载，股票将于9月29日停牌一 天，于9月30日起复牌并被实施其他风险警示，股票简称变更为"ST美晨"。 同日晚间，新华锦公告，因公司存在关联方非经营性占用资金且未在1个月内完成清偿和整改，公司股 票将于9月29日停牌1天，于9月30日起复牌并实施其他风险警示，股票简称变更为"ST新华锦"。 美晨科技将被ST 美晨科技（300237）26日晚在深交所公告称，近日，公司及相关当事人收到山东证监局下发的《行政处 罚事先告知书》。 经查明，2014年9月，美晨科技以发行股份购买资产方式收购郭柏峰等持有的赛石园林股权，赛石园林 自此成为美晨科技全资子公司。2014年至2018年，赛石园林通过虚假采购劳务、苗木等方式虚增工程施 工成本及完工百分比，从而虚增收入、利润；通过虚假销售苗木、虚减相关费用、收入成本错记等方式 虚增收入、利润，导致美晨科技累计虚增收入14.38亿元，累计虚增利润6.58亿元。 山东证监局认为，美晨科技2014年至2018年年度报告存在虚假记载的行为涉嫌违反了2005年修订的《中 华人民共和国证券法》第六十三 ...

截至9月26日收盘，新华锦股价报5.60元/股，跌幅达2.61%，总市值为24.01亿元。截至6月30日，公司股东人数为2.285万户。 新华锦将被实施其他风险警示，主要是其存在关联方非经营性占用资金问题，并且未在1个月内完成清偿和整改。 9月26日晚间，新华锦公告称，公司股票将于9月29日停牌1天，自9月30日起被实施其他风险警示，股票简称变为ST新华锦，转入风险警示板交易，股价 日涨跌幅限制为5%。 非经营性占用资金问题未在1个月内解决 公告显示，8月26日，新华锦收到青岛证监局出具的《关于对山东新华锦国际股份有限公司、新华锦集团有限公司、张建华采取责令改正措施的决定》 （以下简称《行政监管措施决定书》）。 截至2025年半年度报告披露日，新华锦集团有限公司（以下简称新华锦集团）及其关联方非经营性占用新华锦的资金余额达4.06亿元。 股权穿透后可见，新华锦集团通过全资子公司山东鲁锦进出口集团有限公司（以下简称鲁锦集团），间接持有新华锦43.27%的股份，是新华锦的间接控 股股东。 新华锦公告称，目前，新华锦集团及其关联方尚未归还占用资金，非经营性占用公司资金余额为4.06亿元。 根据《行政监管措施决定书》 ...

Mergers and Acquisitions - Century Hengtong plans to acquire a 13% stake in Qiantong Zhili for 113 million yuan, which will make Qiantong Zhili an associate company but not included in the consolidated financial statements [1] - Dongxing Medical intends to purchase 90% of Wuhan Yijiaobao for cash, which is expected to constitute a major asset restructuring, making Wuhan Yijiaobao a subsidiary [2] - Aerospace Engineering aims to acquire a total of 28% stake in Aerospace Hydrogen, with investments of 273 million yuan and 186 million yuan, increasing its ownership from 34.35% to 62.60% [3] Shareholding Changes - Yidian Tianxia's controlling shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 14.16 million shares [4] - Fengyuzhu's shareholder plans to reduce holdings by no more than 3% of the company's shares, with the reduction price based on market conditions [5] Investment Agreements - Hongfuhan plans to invest up to 1.128 billion yuan to establish a joint venture for a photovoltaic energy storage project in the Democratic Republic of Congo, with a total project investment of approximately 1.41 billion yuan [6] - Aerospace Engineering has signed a total contract worth 2.392 billion yuan for a coal gasification project with Shaanxi Coal Group [7] - Zhongchuang Zhiling intends to invest 5 billion yuan to build a new energy vehicle parts industrial base and R&D center in Changzhou [8] Regulatory Issues - Meichen Technology reported inflated profits of 658 million yuan from 2014 to 2018, facing penalties and a 10-year market ban for responsible individuals [9] - Xinhua Jin will be subject to special treatment (ST) and will be suspended from trading due to non-operational fund occupation, with a balance of 406 million yuan [10]

两只A股股票即将被ST！ 9月26日晚间，美晨科技公告，公司披露的年度报告财务指标存在虚假记载，股票将于9月29日停牌一天，于9 月30日起复牌并被实施其他风险警示，股票简称变更为"ST美晨"。 同日晚间，新华锦公告，因公司存在关联方非经营性占用资金且未在1个月内完成清偿和整改，公司股票将于9 月29日停牌1天，于9月30日起复牌并实施其他风险警示，股票简称变更为"ST新华锦"。 美晨科技将被ST 美晨科技（300237）26日晚在深交所公告称，近日，公司及相关当事人收到山东证监局下发的《行政处罚事先 告知书》。 经查明，2014年9月，美晨科技以发行股份购买资产方式收购郭柏峰等持有的赛石园林股权，赛石园林自此成 为美晨科技全资子公司。2014年至2018年，赛石园林通过虚假采购劳务、苗木等方式虚增工程施工成本及完工 百分比，从而虚增收入、利润；通过虚假销售苗木、虚减相关费用、收入成本错记等方式虚增收入、利润，导 致美晨科技累计虚增收入14.38亿元，累计虚增利润6.58亿元。 山东证监局认为，美晨科技2014年至2018年年度报告存在虚假记载的行为涉嫌违反了2005年修订的《中华人民 共和国证券法》第六十三 ...