Core Viewpoint - The company, Yuancheng Environment Co., Ltd., is facing significant risks of forced delisting due to alleged financial data misrepresentation and continuous losses, which have led to abnormal stock price fluctuations and regulatory scrutiny [2][9][25]. Group 1: Stock Trading Abnormalities - The company's stock experienced a cumulative price increase deviation of over 12% over three consecutive trading days on July 25, 28, and 29, 2025, indicating abnormal trading activity [2][4]. - The company has been placed under risk warning due to the abnormal stock price fluctuations as per the Shanghai Stock Exchange trading rules [4]. Group 2: Regulatory Actions and Risks - On July 1, 2025, the company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into suspected false disclosures in annual reports, which could lead to forced delisting if violations are confirmed [2][9][25]. - The company and its controlling shareholder, Zhu Changren, are under investigation, and if found guilty, the company may face severe penalties including delisting [9][21]. Group 3: Financial Performance and Risks - Preliminary estimates indicate that the company expects a net loss attributable to shareholders of between RMB 147 million and RMB 93 million for the first half of 2025, raising concerns about its financial viability [3][10]. - The company has been warned that if it does not meet the delisting criteria after the 2025 annual report, its stock may be terminated from listing [10]. Group 4: Operational Status - Despite the financial and regulatory challenges, the company's production and operational activities are reported to be normal, with no significant changes in business operations or market conditions [5][6]. Group 5: Shareholder and Management Actions - There have been no undisclosed significant matters that could impact the company's stock price, and management has confirmed that no insider trading occurred during the stock's abnormal fluctuation period [7][8]. - The company is committed to improving compliance and information disclosure practices following the regulatory scrutiny [23].

证券代码：603388 证券简称：*ST 元成 公告编号：2025-075 （公告编号：2025-62）。 若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所股票上市规 则》（以下简称《股票上市规则》）规定的重大违法强制退市情形，公司股票将 被实施重大违法强制退市。敬请投资者注意投资风险。 公司于 2025 年 7 月 29 日收到中国证监会《关于对元成环境股份有限公司和 祝昌人采取出具警示函措施的决定》([2025]139 号)（以下简称"决定书"），现 将相关情况公告如下： 一、《决定书》主要内容 经查，祝昌人作为元成环境股份有限公司董事长，未将其与他人签订代持协 议并为他人代持少量股份的相关事项告知公司，导致公司招股说明书中"董事、 监事、高级管理人员、核心技术人员及其近亲属直接或间接持股情况"相关信息 披露不准确，且公司 2017 年至 2021 年各期定期报告中相关持股信息披露不准确。 该代持行为持续至 2022 年初解除。 元成环境股份有限公司 关于公司收到浙江证监局行政监管措施决定书的公告 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 ...

Core Viewpoint - *ST Yuancheng (603388.SH) received a warning letter from the China Securities Regulatory Commission (CSRC) due to inaccurate disclosures related to shareholding by its chairman, Zhu Changren, which violated multiple securities laws and regulations [1][2]. Group 1 - The company was found to have inaccurate disclosures in its prospectus regarding the shareholding situation of directors, supervisors, senior management, and core technical personnel, due to Zhu Changren's failure to inform the company about a shareholding agreement with others [1]. - The undisclosed shareholding behavior persisted until early 2022, leading to inaccuracies in the company's periodic reports from 2017 to 2021 [1]. - The CSRC's decision to issue a warning letter is based on violations of the Securities Law and the Management Measures for Information Disclosure by Listed Companies [2]. Group 2 - Zhu Changren's actions specifically violated several articles of the Securities Law and the Management Measures for Information Disclosure, resulting in supervisory measures being recorded in the securities and futures market integrity archives [2].

*ST元成(603388.SH)发布公告，公司于2025年7月29日收到中国证监会《关于对元成环境股份有限公司 和祝昌人采取出具警示函措施的决定》([2025]139号)(以下简称"决定书")，现将相关情况公告如下： 登录新浪财经APP 搜索【信披】查看更多考评等级 经查，祝昌人作为元成环境股份有限公司董事长，未将其与他人签订代持协议并为他人代持少量股份的 相关事项告知公司，导致公司招股说明书中"董事、监事、高级管理人员、核心技术人员及其近亲属直 接或间接持股情况"相关信息披露不准确，且公司2017年至2021年各期定期报告中相关持股信息披露不 准确。该代持行为持续至2022年初解除。 公司的上述行为违反了2005年修订的《中华人民共和国证券法》(以下简称《证券法》)第二十条、第六 十三条，2019年修订的《证券法》第七十八条，《上市公司信息披露管理办法》(证监会令第40号)第二 条和《上市公司信息披露管理办法》(证监会令第182号)第三条的规定。公司董事长祝昌人的上述行为 违反了《上市公司信息披露管理办法》(证监会令第40号)第三条、第五十八条，《上市公司信息披露管 理办法》(证监会令第182号)第四条、第 ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-074 元成环境股份有限公司 股票交易异常波动公告 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。 ● 重大违法强制退市风险。2025 年 7 月 1 日收到中国证券监督管理委员会 下发的《立案告知书》（编号：证监立案字 01120250019 号）：因公司涉嫌年报 等定期报告财务数据虚假披露，根据《中华人民共和国证券法》《中华人民共和 国行政处罚法》等法律法规，决定对公司立案，同时公司控股股东、实际控制 人祝昌人先生也被同步立案。若后续经中国证监会行政处罚认定的事实，触及 《上海证券交易所股票上市规则》规定的重大违法强制退市情形，公司股票将 被实施重大违法强制退市。敬请投资者注意投资风险。 ● 财务类退市风险。经财务部门初步测算（未经注册会计师审计），预计 2025 年半年度实现归属于母公司所有者的净利润-14700 万元到-9300 万元。预 计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润 -14500 万元到-9100 万元。根 ...

重要风险提示： 证券代码：603388 证券简称：*ST 元成 公告编号：2025-075 元成环境股份有限公司 关于公司收到浙江证监局行政监管措施决定书的公告 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。 ● 元成环境股份有限公司（以下简称"公司"）本次收到中国证券监督管理 委员会浙江监管局（以下简称"浙江证监局"）关于代持股份相关事项的行政监 管措施决定书。此前公司涉嫌的信息披露违法违规，仍在立案调查中。 ● 公司已于 2025 年 7 月 2 日披露了《公司关于收到中国证券监督管理委员 会立案告知书暨风险提示的公告》（公告编号：2025-61）及《公司关于公司控 股股东、实际控制人收到立案告知书暨风险提示的公告》（公告编号：2025-62）。 若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所股票上市规 则》（以下简称《股票上市规则》）规定的重大违法强制退市情形，公司股票将 被实施重大违法强制退市。敬请投资者注意投资风险。 公司于 2025 年 7 月 29 日收到中国证监会《关于对元成环境股份有限公司和 祝昌 ...

*ST元成（603388）公告，公司于2025年7月29日收到浙江证监局行政监管措施决定书。经调查，董事 长祝昌人未将代持股份事项告知公司，导致招股说明书及2017年至2021年定期报告中持股信息披露不准 确。公司违反了《证券法》和《上市公司信息披露管理办法》相关规定。浙江证监局对公司和祝昌人分 别采取出具警示函的监督管理措施并记入诚信档案。公司及相关责任方将按照要求及时进行整改。 ...

证券代码：603388 证券简称：*ST 元成 公告编号：2025-073 元成环境股份有限公司 关于股票交易风险提示公告 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： ● 重大违法强制退市风险。2025 年 7 月 1 日收到中国证券监督管理委员会 下发的《立案告知书》（编号：证监立案字 01120250019 号）：因公司涉嫌年 报等定期报告财务数据虚假披露，根据《中华人民共和国证券法》《中华人民 共和国行政处罚法》等法律法规，决定对公司立案，同时公司控股股东、实际 控制人祝昌人先生也被同步立案。若后续经中国证监会行政处罚认定的事实， 触及《上海证券交易所股票上市规则》规定的重大违法强制退市情形，公司股 票将被实施重大违法强制退市。敬请投资者注意投资风险。 ● 财务类退市风险。经财务部门初步测算（未经注册会计师审计），预计 2025 年半年度实现归属于母公司所有者的净利润-14700 万元到-9300 万元。预 计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润 -14500 万元到 ...

New Stock Issuance - Multiple companies are scheduled for new stock issuance on July 24, 2025, including *ST Zitian (300280) and ST Nanzhi (002305) [1] - Significant announcements were made for companies like Guosheng Tang (300436) and Huayin Power (600744) on July 17 and July 15, respectively [1] Trading Alerts - Companies such as Gaoguan Min Explosive (002827) and Zhongyan Dadi (003001) have recent trading alerts as of July 24, 2025 [1] - A total of 50 companies have been flagged for abnormal trading fluctuations, indicating potential market volatility [2] Market Trends - The report highlights a trend of increased market activity with numerous companies announcing significant changes in stock status [1] - The presence of multiple *ST (Special Treatment) companies suggests heightened scrutiny and potential risk for investors [1] Regulatory Compliance - Companies are required to disclose significant announcements to ensure transparency in trading activities [1] - The report emphasizes the importance of monitoring announcements to assess market conditions and investment risks [1]

New Stock Listings - Tech Source Group issued shares at a price of 10.88 CNY[1] - Shanda Power issued shares at a price of 14.66 CNY[1] Market Alerts - ST Zitian reported an equity date on July 21, 2025, with a link to the announcement[1] - Guangshengtang experienced severe abnormal fluctuations, with an announcement on July 17, 2025[1] - Huayin Power had an announcement on July 15, 2025, regarding market conditions[1] - Multiple companies including Shangwei New Materials, China Power Construction, and Jiangnan Chemical had announcements on July 23, 2025, regarding market activities[1] Abnormal Fluctuations - Companies such as ST Weier and ST Huadong reported significant fluctuations with announcements on July 21, 2025[2] - ST Jinyi and ST Yundong also reported abnormal fluctuations with announcements on July 17, 2025[2]