Group 1 - The core point of the article highlights that *ST Mubang has a total external guarantee amounting to 1.615 billion yuan, which represents 161.81% of the company's most recent audited net assets attributable to shareholders [1] - As of the report date, the revenue composition for *ST Mubang from January to June 2025 shows that photovoltaic silicon wafers and rods account for 80.87%, other businesses for 9.26%, educational toys for 5.23%, others for 1.81%, and precision molds for 1.01% [1] - The current market capitalization of *ST Mubang is 3.5 billion yuan [1]

New Stock Issuance - Cash option declaration period for Hangzhou Steam Turbine (200771) is from November 19 to November 25, 2025[1] - Acquisition request period for Hailianxun (300277) is from November 12 to November 18, 2025[1] Trading Alerts - Severe abnormal fluctuation reported for Haike Xinyuan (301292) on November 11, 2025[1] - Abnormal fluctuation noted for ST Yuancheng (603388) on November 11, 2025[1] Company Announcements - Announcement for Tianji Co., Ltd. (002759) on November 13, 2025[1] - Announcement for Huatong Technology (688109) on November 13, 2025[1] Other Notable Events - ST Meigu (000615) reported on November 13, 2025[1] - ST Zhongdi (000609) reported on November 13, 2025[1]

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. is facing significant risks including stock trading anomalies, potential delisting, and ongoing investigations by regulatory authorities [2][3][11]. Group 1: Stock Trading Anomalies - The company's A-share stock has experienced a cumulative price deviation of over 12% across three consecutive trading days, indicating abnormal trading activity [2][5]. - The company has confirmed that there are no undisclosed significant matters affecting the stock's trading anomalies, and its production and operational activities remain normal [6][8]. Group 2: Financial Performance - For the first nine months of 2025, the company reported revenue of 226.82 million yuan and a net loss attributable to shareholders of 355.72 million yuan [10]. - The company is at risk of delisting if its annual revenue falls below 300 million yuan or if it reports negative net profits, as per the Shanghai Stock Exchange regulations [10]. Group 3: Regulatory Investigations - The company has been under investigation by the China Securities Regulatory Commission (CSRC) since July 25, 2025, for suspected financial data misrepresentation [3][11]. - The actual controller of the company has also received a separate notice of investigation from the CSRC for failing to disclose non-operating fund transactions [11]. Group 4: Financial Mismanagement - The company has outstanding non-operating fund occupations exceeding 10 million yuan, which have not been resolved within one month, leading to additional risk warnings on its stock [12][13]. - As of the end of June 2025, the non-operating fund occupation by the controlling shareholder and related parties remains unresolved [12][13].

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-136 江西沐邦高科股份有限公司 股票交易异常波动暨风险提示的公告 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： 江西沐邦高科股份有限公司（以下简称"公司"）A 股股票连续三个交 易日收盘价格涨幅偏离值累计达到 12%，根据《上海证券交易所交易规则》的有 关规定，属于股票交易异常波动的情形。 经公司自查，并书面征询公司控股股东、实际控制人，除已披露信息外， 截至本公告披露日，不存在应披露而未披露的重大信息。 公司存在终止上市风险：公司于 2025 年 10 月 30 日披露了 2025 年第三 季度报告，公司 1-9 月营业收入为 22,682.26 万元、归属于母公司股东的净利润 为-35,571.61 万元。根据《上海证券交易所股票上市规则》第 9.3.7 条等相关规定， 如公司 2025 年度营业收入低于 3 亿元且利润总额、扣非前后净利润三者孰低者 为负值，或公司 2025 年度财务报表或内部控制被出具非无保留意见的审计报告， 公司股 ...

国金证券股份有限公司 关于江西沐邦高科股份有限公司 募集资金专用账户部分资金被司法划扣的核查意见 1 由于公司未在规定期限内完成调解支付义务，产投保理公司向红谷滩法院申 请强制执行。红谷滩法院于 2025 年 10 月 11 日向公司下发了《执行通知书》 （（2025）赣 0113 执 9471 号、（2025）赣 0113 执 9472 号），并于 2025 年 11 月 3 日、6 日自公司募集资金账户中强制划扣募集资金 1,307.61 万元。 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为江西 沐邦高科股份有限公司（以下简称"沐邦高科"或"公司"）向特定对象发行股 票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《上市公司募集资金监管规则》《上海证券交易所公司自律监管指引第 1 号——规范运作》等相关法律、法规和规范性文件的规定，对沐邦高科募集资 金专用账户部分资金被司法划扣的事项进行了核查，具体情况如下： | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | | 序 号 | 项目名称 | ...

Core Viewpoint - *ST Muban is facing a severe financial crisis, with significant judicial deductions from its fundraising accounts and a substantial decline in revenue and profitability, raising concerns about its operational viability and governance issues [1][4][5]. Financial Situation - The company announced a judicial deduction of 13.08 million yuan from its fundraising account due to a dispute with Jiangxi Chantuo Commercial Factoring Co., Ltd., bringing the total deductions to 254 million yuan [1][4]. - As of the announcement date, the total balance in all fundraising accounts is only 28,500 yuan, with 26,000 yuan still frozen [2][3]. - For Q3 2025, the company reported total revenue of 227 million yuan, a year-on-year decrease of 9.48%, and a net loss of 356 million yuan, down 15.31% year-on-year [4]. Operational Performance - Despite a significant quarterly revenue increase of 128.93% to 85.88 million yuan, the company still reported a net loss of 143 million yuan for Q3, a decline of 57.67% year-on-year [4]. - The gross margin for Q3 2025 was -58.77%, a decrease of 21.83 percentage points from the previous year, indicating severe issues with product or service value [4]. Business Transition - Originally established as Guangdong Bangbao Educational Toy Co., Ltd., the company transitioned into the photovoltaic industry after acquiring Inner Mongolia Haoan Energy Technology Co., Ltd. for 980 million yuan in 2022 [5]. - Currently, the company’s main business includes the production and sale of monocrystalline silicon rods and wafers, which account for approximately 80% of total revenue [5]. Governance and Regulatory Issues - The actual controller of the company, Liao Zhiyuan, is under investigation by the China Securities Regulatory Commission for failing to disclose non-operating fund transactions [5]. - The company has faced scrutiny for significant accounting errors and improper use of raised funds, with the Jiangxi Securities Regulatory Bureau revealing violations related to non-operating fund occupation by controlling shareholders [6][8]. Shareholder and Control Issues - The controlling shareholder, Jiangxi Muban New Energy Holdings Co., Ltd., is also in distress, with all of its shares frozen due to rental payment defaults by its subsidiary [8]. - The total frozen shares amount to 69.72 million, representing 100% of the controlling shareholder's holdings, raising concerns about potential instability in control [8].

Group 1 - The company, Jiangxi Mubang High-Tech Co., Ltd., has had part of its fundraising account funds judicially seized due to a dispute related to domestic factoring contracts, with a total amount of 13,076,054.11 yuan being deducted [1][2] - The seizure occurred after the company failed to fulfill payment obligations as stipulated in a mediation agreement, leading to enforcement actions by the court [2] - As of the announcement date, the total amount seized from the company's fundraising accounts has reached 25,443.43 million yuan, with the remaining balance in the accounts being only 28,500 yuan, of which 26,000 yuan is frozen [3][4] Group 2 - The company will continue to monitor the status and usage of the funds in the fundraising accounts and will adhere to relevant regulations to manage these funds properly [4] - The company emphasizes the importance of timely information disclosure to protect the rights of the company and its shareholders [4]

关于江西沐邦高科股份有限公司 控股股东股份被冻结的核查意见 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为江西 沐邦高科股份有限公司（以下简称"沐邦高科"或"公司"）向特定对象发行股 票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相 关法律、法规和规范性文件的规定，就沐邦高科控股股东江西沐邦新能源控股有 限公司（以下简称"沐邦新能源控股"）的所持公司股份被冻结的事项进行核查， 具体情况如下： 一、控股股东此次所持公司股份被司法轮候冻结的情况 | 股东 | 是否为控股股东 或第一大股东及 | 股份数量 | 占其所持 股份数比 | 原因 | 冻结起始日 | 冻结申请 | | --- | --- | --- | --- | --- | --- | --- | | 名称 | | （股） | | | | 人 | | | 其一致行动人 | | 例 | | | | | 沐邦 新能 | | | | 司法 | 2025 年 10 | 上海市黄浦 | | 源控 | 是 | 833,200 | 1.20% | 轮候 ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-135 江西沐邦高科股份有限公司 关于公司募集资金专户部分资金被司法划扣的公告 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个别及连带责任。 一、募集资金专户部分资金被司法划扣的基本情况 江西沐邦高科股份有限公司（以下简称"公司"或"沐邦高科"）、子公司 广西沐邦高科新能源有限公司（以下简称"广西沐邦"）、子公司内蒙古豪安能 源科技有限公司（以下简称"内蒙豪安"）、江西八航科技有限公司（以下简称 "八航公司"）与江西产投商业保理有限公司（以下简称"产投保理公司"）因 《国内保理合同》涉及到的票据追索权纠纷一案，近日公司募集资金专户部分资 金被司法划扣，本次划扣三笔，合计划扣金额 13,076,054.11 元。具体情况如下： | 账户名称 | 开户行 | 银行账号 | 划扣金额（元） | 账户余额 （元） | | 账户性质 | 执行法院 | | --- | --- | --- | --- | --- | --- | --- | --- | | 沐邦高科 | 中国农业银 ...