| 证券代码：600804 | 证券简称：*ST | 鹏博 | 公告编号：2025-059 | | --- | --- | --- | --- | | 债券代码：143606 | 债券简称：18 | 鹏博债 | | 鹏博士电信传媒集团股份有限公司 关于公司股票进入退市整理期交易的公告 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： 证券停复牌情况：适用 因终止上市进入退市整理期,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 600804 | *ST | 鹏博 A | 股 | 复牌 | | | 2025/6/9 | 2025/6/10 | 退市整理期交易起始日为2025 年 6 月 10 日；预计最后交易日期为 2025 年 6 月 30 日。 退市整理期 A 股简称为 退市鹏博 。 退市整理期届 ...

Summary of Key Points Core Insights - The report highlights the recent market activities, including the listing of new companies and the suspension of several stocks due to various reasons such as dividend announcements and potential delisting risks [1][2][3]. Company and Industry Analysis - The report notes the listing of N Guqi (001390) on May 29, 2025, indicating a new entry into the market [1]. - Several ETFs, including the Guotai Zhongzheng Hong Kong Stock Connect High Dividend Investment ETF (159331), Invesco Great Wall S&P Consumer Select ETF (159529), and Guotai S&P 500 ETF (159612), were suspended for trading due to dividend announcements and investor protection measures [1]. - Stocks such as *ST Gongzhi (000584) and *ST Hengli (000622) are highlighted for their potential delisting risks due to failure to disclose periodic reports within the legal timeframe [1]. - The report mentions that companies like Tianmao Group (000627) and Luoping Zinc Electric (002114) are undergoing significant changes, leading to their stock suspensions [1][2]. - The report also lists various bonds and securities that have been suspended, indicating a broader trend of market adjustments and regulatory compliance [3][4][5].

Summary of Key Points Core Insights - The report highlights the upcoming listings and trading activities of several companies on May 19, 2025, indicating a busy market day with multiple new entries [1][2][3]. Upcoming Listings - Company 001390 Guqi Fur Material will be available for online subscription on May 19, 2025 [1]. - Companies 301595 N Taili and 603014 N Weigao will officially list on the same day, with allocations for general institutional investors [1]. - Company 920060 Wanyuantong will also list on May 19, 2025, specifically for the public portion [1]. Suspension Announcements - Company 002092 ST Zhongtai and 002259 ST Shengda will be suspended for one day due to the announcement of the withdrawal of other risk warnings [2]. - The Invesco Great Wall S&P Consumer Select ETF (QDII) and Guotai S&P 500 ETF will also be suspended until 10:30 AM on May 19, 2025, to protect investor interests [2]. - Company 300506 *ST Mingjia will be suspended for one day following the announcement of the withdrawal of delisting risk warnings [2]. Special Suspensions - Company 000151 Zhongcheng Co. will be suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [3]. - Company 000584 *ST Gongzhi and 000622 *ST Hengli will also face suspensions due to potential delisting risks and failure to disclose periodic reports within the legal timeframe [3]. - Company 002336 *ST Renle will be suspended for one day due to the announcement of potential delisting risks [3].

Group 1 - The average stock price of A-shares is 11.51 yuan, with 60 stocks priced below 2 yuan, the lowest being *ST Jiyao at 0.21 yuan [1] - Among the low-priced stocks, 24 are ST stocks, accounting for 40% of the total [1] - The Shanghai Composite Index closed at 3367.46 points on May 16 [1] Group 2 - Among the low-priced stocks, 10 stocks increased in price, with *ST Jinguang, Puli Tui, and *ST Jinke leading with increases of 4.76%, 2.27%, and 1.97% respectively [1] - 33 stocks decreased in price, with ST Lingnan, *ST Xingguang, and *ST Baoying showing the largest declines of 5.23%, 4.88%, and 3.14% respectively [1] - The stock price distribution indicates that both high-priced and low-priced stocks constitute a relatively small proportion of the A-share market [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its enforcement actions in 2024, focusing on various illegal activities in the securities market, including fraud, financial misconduct, and insider trading. Group 1: Enforcement Actions - In 2024, the CSRC handled 739 securities and futures law violation cases, with 592 penalty decisions made against 1,327 responsible parties, and 118 individuals banned from the market [1] - The CSRC increased enforcement in key areas such as issuance and listing, information disclosure, mergers and acquisitions, and delisting, targeting fraudulent issuance and financial fraud [1] Group 2: Financial Fraud - The CSRC identified 128 cases of financial fraud through diverse channels, focusing on fictitious business activities and abuse of accounting policies [2] - Notable cases include *ST Pengbo, which was fined 34 million yuan for manipulating asset impairment to inflate profits [2] Group 3: Mergers and Acquisitions - The CSRC guided exchanges to enhance monitoring of stock price fluctuations related to mergers and acquisitions, resulting in 35 cases of insider trading being investigated [2] - The case involving Hengrun Co. was penalized 61.56 million yuan for misleading investors through false announcements regarding business transformation [2] Group 4: Delisting and Accountability - In 2024, 55 companies were delisted, with the CSRC pursuing legal accountability for 35 of these companies and their responsible parties [3] - The case of Meishang Ecology faced administrative penalties and criminal referrals post-delisting, highlighting the CSRC's commitment to accountability [3] Group 5: Key Individuals and Financial Misconduct - The CSRC increased accountability for major shareholders and actual controllers involved in financial fraud, with a 60% year-on-year increase in penalties for such cases [4] - The actual controller of Yongyue Technology was fined 10.5 million yuan for illegally transferring company funds [4] Group 6: Professional Accountability - The CSRC imposed fines totaling 673 million yuan on various audit and legal service firms for failing to fulfill their responsibilities, including a record fine of 325 million yuan against PwC [4] - Actions were taken against 59 cases of misconduct by securities professionals, with administrative penalties issued to 38 individuals [4] Group 7: New Violations and Market Manipulation - The CSRC addressed emerging illegal activities, including insider trading through derivatives, with significant penalties imposed on market manipulators [5] - A total of 61 administrative penalties were issued, amounting to 5.157 billion yuan, with 426 individuals held accountable [5]

Group 1 - The core viewpoint of the articles highlights the trend of well-known listed companies facing delisting from the A-share market due to financial difficulties and inability to adapt to market changes [1][2][4] - Renrenle, a regional supermarket chain leader, received a notice of termination of listing due to a negative net asset of -404 million yuan and an audit report that could not express an opinion, leading to a proposed delisting by the Shenzhen Stock Exchange [1] - Renrenle's revenue has significantly declined from over 10 billion yuan in previous years to 1.43 billion yuan in 2024, marking a nearly 90% decrease from its peak [1][3] Group 2 - Peng Bo Shi, another A-share listed company, also received a notice of proposed termination of listing, having seen its market value shrink from over 60 billion yuan to approximately 1 billion yuan, a reduction of over 98% [2][3] - The decline of these companies reflects broader trends in the market where failure to adapt to economic changes and consumer preferences can lead to severe operational challenges and potential extinction [3][4] - Companies must continuously strengthen their core competitiveness and adapt their business models to meet evolving consumer demands and market conditions to avoid being eliminated from the capital market [4]

Group 1 - Longjiang Transportation plans to reduce its shareholding by no more than 3% of the company's total shares, amounting to 39.4764 million shares, from June 4, 2025, to September 3, 2025 [1] - Shuangyi Technology intends to acquire 100% equity of Marky Industries Pty Ltd and specific assets for approximately AUD 18 million [1] - Haikong Air Conditioning's controlling shareholder has received a bank loan commitment of up to CNY 32 million for share repurchase [2] Group 2 - Zhaowei Electromechanical's shareholder plans to reduce its stake by no more than 1.50%, equating to 3.6031 million shares, from June 5, 2025, to September 4, 2025 [2] - Zhongwen Online's directors and senior management plan to collectively reduce their holdings by no more than 877,100 shares, representing 0.1203% of the total shares [2] - Liding Optoelectronics' shareholders plan to reduce their holdings by no more than 3%, totaling 12.2113 million shares, from June 5, 2025, to September 4, 2025 [4] Group 3 - Luvi Optoelectronics' shareholder plans to reduce its stake by no more than 1%, amounting to 1.9333 million shares, from June 4, 2025, to September 4, 2025 [5] - Jiejia Weichuang's controlling shareholder and concerted parties plan to reduce their holdings by no more than 0.72%, totaling 250,000 shares [7] - Yancoal Energy will no longer acquire control of Highfield Resources due to a new investment from Qinghai Salt Lake Industry Co., Ltd. [9] Group 4 - Yongdong Co., Ltd. plans to reduce its shareholding by no more than 1.26%, equating to 473,380 shares, from June 5, 2025, to September 4, 2025 [11] - Sanqi Interactive Entertainment plans to distribute a cash dividend of CNY 2.10 per 10 shares [12] - Salt Lake Co., Ltd. intends to acquire Highfield Resources for approximately USD 300 million to become its largest shareholder [13] Group 5 - Hainan Haiyao's shareholder plans to reduce its stake by no more than 3%, totaling 38.921 million shares, within 90 days after the announcement [14] - Lifang Pharmaceutical plans to transfer 2.2184% equity of Nanjing Mainowei Pharmaceutical Technology Co., Ltd. for CNY 22.1837 million [16] - Zhiyou Technology's shareholders plan to reduce their holdings by no more than 2.99%, totaling 11.9986 million shares, from June 4, 2025, to September 3, 2025 [18] Group 6 - Puli Tui has applied for a review of the Shenzhen Stock Exchange's decision to terminate its listing [19] - Saimo Intelligent's shareholder plans to reduce its stake by no more than 3%, equating to 16.0659 million shares, from June 4, 2025, to September 3, 2025 [20] - Entropy Technology is planning to acquire 55% equity of Longzhiyuan to gain control [21] Group 7 - Nanjing Chemical Fiber plans to acquire 100% of Nanjing Process Equipment Manufacturing Co., Ltd. through asset swaps and cash payments [22] - Beijing Lier intends to invest CNY 200 million in Shanghai Zhenliang Intelligent Technology Co., Ltd. [23]

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。 鹏博士电信传媒集团股份有限公司（以下简称"公司"）董事会近日收到 公司总经理高明华先生的辞职报告，高明华先生申请辞去公司总经理职务。该 辞职报告自送达董事会之日起立即生效。高明华先生辞职后，将不再在公司担 任其他职务。截至本公告披露日，高明华先生未持有公司股份，亦不存在应当 履行而未履行的承诺事项。 | 证券代码：600804 | 证券简称：*ST | 鹏博 | 公告编号：临 | 2025-057 | | --- | --- | --- | --- | --- | | 债券代码：143606 | 债券简称：18 | 鹏博债 | | | 鹏博士电信传媒集团股份有限公司 关于公司高级管理人员辞职的公告 高明华先生在公司任职期间勤勉尽责，规范履职，公司董事会对高明华先 生在担任总经理期间，对公司发展所做出的贡献表示衷心感谢。 特此公告。 鹏博士电信传媒集团股份有限公司 董事会 2025 年 5 月 13 日 ...

Group 1 - Since May, several companies including *ST Zhongcheng, *ST Renle, *ST Hengli, and *ST Gongzhi have announced receipt of termination of listing advance notice, indicating a trend of companies leaving the capital market [1][3] - As of May 12, 2025, a total of 10 companies have received termination of listing advance notices from the Shanghai and Shenzhen Stock Exchanges, with additional companies like *ST Puli and *ST Xulan also facing similar fates [1][3] - The new delisting regulations have been implemented, leading to the first annual report season under these rules, resulting in multiple companies being warned of delisting risks and several directly delisted [5] Group 2 - *ST Renle reported a net asset of -387 million yuan for 2023 and -404 million yuan for 2024, triggering termination of listing due to financial report issues [3] - *ST Hengli's 2023 net profit was negative, and its revenue was below 100 million yuan, leading to a delisting risk warning [3][4] - *ST Zhongcheng's 2023 net asset was also negative, and its 2024 financial report received a qualified opinion, resulting in a proposed termination of listing [3][4] Group 3 - A total of 9 companies have completed delisting in 2025, with reasons ranging from continuous low stock prices to major violations [6][7] - The companies that have delisted include *ST Meixun, Haitong Securities, and *ST Boxin, among others, with various reasons for their delisting [7][8] - The trend indicates a significant number of companies facing financial difficulties and regulatory challenges, leading to increased scrutiny and potential delisting [10] Group 4 - The Beijing Stock Exchange may see its first delisted company, with Guandao Digital and Yun Chuang Data facing delisting risks due to audit issues [9][10] - Both companies have received audit opinions that could lead to termination of listing if they continue to meet financial delisting criteria in 2025 [10] - A total of 96 companies in the A-share market have been warned of delisting risks due to various financial issues, indicating a broader trend of financial instability among listed companies [10]

Summary of Key Points Core Viewpoint - The A-share market shows a significant number of low-priced stocks, with 63 stocks priced below 2 yuan, indicating a potential area for investment analysis and opportunities in the market [1]. Group 1: Market Overview - As of May 6, the Shanghai Composite Index closed at 3316.11 points, with an average A-share price of 11.34 yuan [1]. - The distribution of high-priced and low-priced stocks is relatively small in the overall A-share market [1]. Group 2: Low-Priced Stocks - Among the 63 stocks priced below 2 yuan, the lowest is *ST Jiayao at 0.21 yuan, followed by *ST Pengbo at 0.62 yuan and Puli Tui at 0.69 yuan [1]. - 41.27% of the low-priced stocks are ST stocks, indicating a significant presence of companies under special treatment [1]. Group 3: Performance of Low-Priced Stocks - Out of the low-priced stocks, 49 stocks experienced an increase in price, with Guangtian Group leading at a rise of 9.94%, followed by Shanzi Gaoke at 6.18% and Baogang Co. at 5.78% [1]. - Conversely, 6 stocks saw a decline, with *ST Sihuan dropping by 5.24%, *ST Jinguang by 4.81%, and *ST Xingguang by 4.79% [1].