Core Viewpoint - The Shanghai Stock Exchange issued regulatory warnings to Hangxiao Steel Structure and China Electronics Technology Digital due to inaccurate and incomplete information related to commercial aerospace, which has led to significant market reactions and stock price volatility [2][6][10]. Group 1: Hangxiao Steel Structure - Hangxiao Steel Structure was involved in a joint bid for a project related to a large liquid rocket, with a contract value of approximately 2.53 billion yuan, of which the company's portion is about 69.32 million yuan [6]. - The company stated that this contract represents less than 1% of its audited revenue for 2024 and will not have a significant impact on its annual performance [6]. - The Shanghai Stock Exchange emphasized the need for accurate and comprehensive disclosures, especially in the context of the highly scrutinized commercial aerospace sector, to avoid misleading investors [6][7]. Group 2: China Electronics Technology Digital - China Electronics Technology Digital reported that its satellite communication products had total orders of approximately 3.9 million yuan for the entire year of 2025, which is less than 0.1% of its overall business [10]. - The company acknowledged that its AI products are still in the early stages of delivery and have not yet achieved large-scale sales, with total orders around 10 million yuan, indicating low revenue impact [10][11]. - The Shanghai Stock Exchange noted that the company failed to accurately reflect the development stage and sales scale of its products, which could mislead investors regarding the company's overall operational situation [11][12].

Core Viewpoint - The Shanghai Stock Exchange issued regulatory warnings to two listed companies, Electric Science Digital and Hangxiao Steel Structure, for inadequate risk disclosures related to the "commercial aerospace" sector, which may mislead investors [2][8]. Group 1: Electric Science Digital - Electric Science Digital received a regulatory warning for inaccurate and incomplete information regarding its business in commercial aerospace and AI, which could mislead investor decisions [2][4]. - Following the disclosure of its investor relations activities, the company's stock price rose by 19.37% until January 12, 2026 [3]. - The company later revealed that its satellite communication products had orders of approximately 3.9 million yuan for the entire year of 2025, accounting for less than 0.1% of its overall business, indicating significant uncertainty in future development [4]. Group 2: Hangxiao Steel Structure - Hangxiao Steel Structure also received a regulatory warning for failing to accurately reflect the impact of its project bidding on its operations, which led to multiple stock price increases and abnormal fluctuations [8][9]. - The company was involved in a joint project with a contract value of approximately 2.53 billion yuan, with its portion being about 69.32 million yuan, which is less than 1% of its audited revenue for 2024 [8]. - Despite the stock price reaching a cumulative increase of nearly 50% this year, the company clarified that it does not have any business in the "commercial aerospace" sector [11].

Core Viewpoint - The Shanghai Stock Exchange issued regulatory warnings to two listed companies, Electric Science Digital and Hangxiao Steel Structure, for inadequate risk disclosures related to "commercial aerospace" concepts, which could mislead investors [1][3][9]. Group 1: Electric Science Digital - Electric Science Digital and its responsible personnel received a regulatory warning from the Shanghai Stock Exchange on January 13 [2]. - The warning indicated that the company provided inaccurate and incomplete information regarding its involvement in commercial aerospace, which could mislead investor decisions [3][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 [4]. - The company later disclosed that its satellite communication products had only about 390,000 yuan in orders for the entire year of 2025, representing less than 0.1% of its overall business, indicating significant uncertainty in future development [5][6]. - The stock price of Electric Science Digital fell nearly 7% on the day of the warning [7]. Group 2: Hangxiao Steel Structure - Hangxiao Steel Structure also received a regulatory warning from the Shanghai Stock Exchange on the same day [9]. - The company reported winning a contract worth approximately 2.53 billion yuan for a project related to large liquid rocket assembly, which led to multiple stock price increases, including several trading halts [9][11]. - After regulatory oversight, the company clarified that the contract amount was relatively small, accounting for less than 1% of its audited revenue for 2024, and would not significantly impact its overall performance [10][11]. - The stock price of Hangxiao Steel Structure continued to rise, achieving a nearly 50% increase year-to-date [11].

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 may mislead investors [2][5]. Group 1: Electric Science Digital (600850) - On January 13, the Shanghai Stock Exchange warned Electric Science Digital for providing inaccurate and incomplete information regarding its business in commercial aerospace and AI, which could mislead investors [2][5]. - The company reported a 19.37% increase in stock price from the end of 2025 to January 12, 2026, following the release of information about its satellite internet and AI products [4]. - After regulatory intervention, the company disclosed that its satellite communication products had orders of approximately 3.9 million yuan for 2025, accounting for less than 0.1% of total business, indicating significant uncertainty in future development [4][5]. Group 2: Hangxiao Steel Structure (600477) - The Shanghai Stock Exchange also issued a warning to Hangxiao Steel Structure for misleading information regarding its involvement in a joint project for a liquid rocket assembly and recovery base, with a contract value of approximately 2.53 billion yuan [9][10]. - Following the announcement, the company's stock experienced multiple trading halts and significant price increases, with a nearly 50% rise since the beginning of the year [13]. - The company later clarified that its role in the project was routine and the contract amount was less than 1% of its audited revenue for 2024, which would not significantly impact its overall performance [9][10].

记者丨刘雪莹 编辑丨曾静娇 视频丨王学权 最近A股AI应用概念火热，1月13日盘后，多家股价异常波动的上市公司密集发布公告，回应在AI应用方面的业务相关情况。 通达海：AI驱动的相关收入占公司整体营收比重较低 公司注意到"AI应用"相关概念受到市场广泛关注，目前公司AI大模型相关应用及服务仍处于起步阶段，大规模的商业化推广仍存在较大不确定性，AI驱 动的相关收入占公司整体营业收入的比重较低，对公司整体经营情况没有重大影响；除上述事项外，公司未发现其他可能对公司股票交易价格产生较大影 响的、需要公司澄清或回应的媒体报道或市场传闻。经公司财务部门初步测算，公司2025年度经营业绩将出现亏损。 浙数文化：公司相关子公司主营业务不涉及GEO业务 公司关注到有媒体将公司列为GEO概念股。目前，公司相关子公司的主营业务为数字营销服务和广告代理服务等，不涉及定义所描述的GEO业务。 浙文互联：公司GEO业务尚未形成成熟的盈利模式，目前尚未形成相关收入 公司关注到有媒体将公司列为GEO概念股。截至本公告披露之日，公司GEO业务尚未形成成熟的盈利模式，市场认可度及盈利性均存在不确定性，目前 尚未形成相关收入。除此之外，公司未发 ...

记者丨刘雪莹 编辑丨曾静娇 视频 丨王学权 最近A股AI应用概念火热，1月13日盘后，多家股价异常波动的上市公司密集发布公告，回应在AI应用方面的业务相关情况。 通达海：AI驱动的相关收入占公司整体营收比重较低 公司注意到"AI应用"相关概念受到市场广泛关注，目前公司AI大模型相关应用及服务仍处于起步阶段，大规模的商业化推广仍存在较大不确定 性，AI驱动的相关收入占公司整体营业收入的比重较低，对公司整体经营情况没有重大影响；除上述事项外，公司未发现其他可能对公司股票 交易价格产生较大影响的、需要公司澄清或回应的媒体报道或市场传闻。经公司财务部门初步测算， 公司2025年度经营业绩将出现亏损。 浙数文化：公司相关子公司主营业务不涉及GEO业务 公司关注到有媒体将公司列为GEO概念股。目前，公司相关子公司的主营业务为数字营销服务和广告代理服务等，不涉及定义所描述的GEO业 务。 浙文互联：公司GEO业务尚未形成成熟的盈利模式，目前尚未形成相关收入 公司关注到有媒体将公司列为GEO概念股。截至本公告披露之日，公司GEO业务尚未形成成熟的盈利模式，市场认可度及盈利性均存在不确定 性，目前尚未形成相关收入。除此之外，公 ...

公司相关行为违反了《上海证券交易所股票上市规则》(以下简称《股票上市规则》)第1.4条，《上海证 券交易所上市公司自律监管指引第1号——规范运作》第7.1.1条、第7.5.3条、第7.5.4条等有关规定。责 任人方面，时任董事会秘书侯志平作为公司信息披露事务的具体负责人，未能勤勉尽责，对公司上述违 规行为负有责任。上交所决定，对中电科数字技术股份有限公司及时任董事会秘书侯志平予以监管警 示。 上交所发布关于对中电科数字技术股份有限公司及有关责任人予以监管警示的决定。当前市场对于"商 业航天""卫星""AI应用"等相关概念高度关注，对公司股价和投资者决策可能产生较大影响，公司发布 相关信息尤其应当审慎、准确、客观，并充分提示不确定性风险，避免对投资者产生误导。 公司在投资者关系活动记录表中披露的内容未能准确反映公司卫星通信产品、AI产品的发展阶段、销 售规模及对公司整体经营情况的影响，也未就未来发展存在的不确定性等情况充分提示风险，经监管督 促才发布公告予以说明，信息披露不准确、不完整，风险提示不充分，可能对投资者决策产生误导。 1月13日晚间，上交所官网披露两条监管警示决定，分别涉及电科数字、 杭萧钢构两家上 ...

1月13日晚间，上交所官网披露两条监管警示决定，分别涉及电科数字、 杭萧钢构两家上市公司 。 | 证券代码 | 证券简称 | 监管类型 | 处理事由 | 涉及对象 | | --- | --- | --- | --- | --- | | 600477 | 杭萧钢构 | 监管警示 | 关于对杭萧钢构股份有限公司及有关责任人予以监管警示的决定 | 上市公司,董秘 | | 600850 | 电科数字 | 监管警示 | 关于对中电科数字技术股份有限公司及有关责任人予以监管警示 什么心 | 上市公司,董秘 | ▍电科数字 上交所发布关于对中电科数字技术股份有限公司及有关责任人予以监管警示的决定。当前市场对于"商 业航天""卫星""AI应用"等相关概念高度关注，对公司股价和投资者决策可能产生较大影响，公司发布 相关信息尤其应当审慎、准确、客观，并充分提示不确定性风险，避免对投资者产生误导。 公司在投资者关系活动记录表中披露的内容未能准确反映公司卫星通信产品、AI产品的发展阶段、销售 规模及对公司整体经营情况的影响，也未就未来发展存在的不确定性等情况充分提示风险，经监管督促 才发布公告予以说明，信息披露不准确、不完整，风险提 ...

Group 1 - Weiteou signed a strategic cooperation agreement with Qiteng Robotics to focus on safety upgrades in high-risk industries, leveraging new materials and robotics [1] - Dongfang Caifu's subsidiary received approval from the CSRC to issue subordinate bonds totaling up to 20 billion yuan [2] - Haibo Zhongke's controlling shareholder plans to reduce holdings by up to 2.98% of the company's shares [3] Group 2 - Shengyang Technology's subsidiary FTA is expanding into the foreign satellite internet terminal business, which is still in the early commercialization stage [4] - Cangge Mining expects a net profit increase of 43.41%-53.1% for 2025, projecting a profit of 3.7-3.95 billion yuan [5] - Jinlongyu plans to invest approximately 1.2 billion yuan to build a production line for solid-state batteries with an annual capacity of 2 GWh [6] Group 3 - Shengda Resources intends to acquire a 55% stake in Guangxi Laibin Jinshi Mining for 269.5 million yuan [7] - Zhifei Biological's CA111 injection has entered Phase I clinical trials, targeting diabetes and weight loss treatment [8] - Qusleep Technology's specific shareholders plan to reduce their holdings by up to 2.58% of the company's shares [9] Group 4 - Innovation Medical's subsidiary has a product expected to generate revenue of 114,000 yuan in 2025 [11] - Blue Ocean Cursor noted that AI-driven revenue currently constitutes a small portion of overall revenue [12] - *ST Yanshi anticipates a loss for the 2025 fiscal year, with revenue expected to be below 300 million yuan [13] Group 5 - ST Yishite will lift risk warnings and change its stock name, resuming trading on January 14 [14] - Shaoyang Hydraulic clarified that its products do not directly serve commercial aerospace clients [15] - Boss Electric plans to invest 100 million yuan in Youte Smart Kitchen to deepen strategic cooperation [16] Group 6 - Guo An Da's controlling shareholder plans to reduce holdings by up to 3% of the company's shares [17] - *ST Mingjia has lifted the delisting risk warning following the completion of its restructuring plan [18] - Haixiang Pharmaceutical signed an innovative drug cooperation agreement with Wanbangde Pharmaceutical [19] Group 7 - Palm Holdings plans to transfer stakes in two project companies for debt compensation, amounting to 258 million yuan [20] - Bohai Leasing's subsidiary Avolon is projected to have a fleet of 1,132 aircraft by the end of 2025 [21] - Zhenyou Technology reported that satellite internet revenue accounted for approximately 7.15% of total revenue in the first three quarters of 2025 [22] Group 8 - Blue Arrow Electronics intends to acquire at least 51% of Chengdu Xinyi Technology [23] - Shunhao Co. stated that its investment in Tianshu Chuangxin will have a minimal impact on its 2025 performance [24][25] - Baichuan Co.'s deputy general manager plans to reduce holdings by up to 0.65% of the company's shares [26] Group 9 - Zhewen Interconnect reported that its GEO business has not yet formed a mature profit model [27] - XW Communication's controlling shareholder plans to reduce holdings by up to 1% of the company's shares [28] - Electric Science Digital indicated that its satellite communication products are not its main business [29] Group 10 - Bojun Technology expects a net profit increase of 35%-65% for 2025, projecting a profit of 828-1,012 million yuan [30] - Rongchang Bio signed a licensing agreement for the RC148 drug with AbbVie, with an initial payment of 650 million USD [31] - Guoxin Technology's state investment fund plans to reduce holdings by up to 2.37% of the company's shares [32] Group 11 - Hengxuan Technology's controlling shareholder plans to reduce holdings by up to 3% of the company's shares [33][34] - *ST Chengchang announced a stock suspension for investigation due to abnormal trading [35] - Zhongji Xuchuang's subsidiary plans to issue warrants to incentivize its core team [36] Group 12 - Zhuoshengwei expects a net loss of 255-295 million yuan for 2025 [37] - Pingtan Development anticipates a loss for the 2025 fiscal year [38] - Nanjing Bank's major shareholder increased its stake by 123.472 million shares [39] Group 13 - Jingao Technology expects a net loss of 4.5-4.8 billion yuan for 2025 [40] - Mingyang Smart plans to acquire control of Dehua Company, with stock suspension [41] - Vanadium Titanium Co. anticipates a loss for the 2025 fiscal year [42][43] Group 14 - Tianzhihang announced a delay in its "Smart Medical Center Construction Project" [44]

Core Viewpoint - The company, China Electronics Technology Group Corporation Digital Technology Co., Ltd., has clarified that its stock has been associated with "commercial aerospace" and "artificial intelligence" concepts, but its main business remains unchanged, focusing on digital products, industry digitization, and new digital infrastructure [2][3]. Group 1: Business Overview - The company has not engaged in commercial aerospace business; in 2025, it developed a few satellite communication products, generating approximately 3.9 million yuan in orders, which accounts for less than 0.1% of its overall business [2][5]. - In the AI sector, the company has a domestic intelligent inference terminal product currently in small batch delivery, with 2025 orders estimated at around 10 million yuan. Additionally, the company's AI application services, including the Zhiyi Intelligent System, have 2025 orders of about 30 million yuan, totaling approximately 40 million yuan for AI-related products, which is still less than 1% of overall business [2][5]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a net profit attributable to shareholders of approximately 254.83 million yuan, reflecting a year-on-year decrease of 15.68% [4][5]. Group 3: Market Risks - The company has emphasized the importance of investor caution regarding secondary market trading risks, urging rational decision-making and prudent investment [3][4].