Core Points - Beijing Hanjian Heshan Pipe Industry Co., Ltd. received a warning letter from the Beijing Securities Regulatory Bureau due to several violations in financial reporting and disclosure practices [1][2] Summary by Category Financial Reporting Violations - The company exhibited non-compliance in financial accounting, including improper revenue recognition for a project in Guangxi, leading to inaccuracies in income and other financial statement items [1] - Issues were identified in the write-off of accounts receivable and the calculation of bad debt provisions, as well as inaccuracies in the impairment provisions for construction contracts [1] - The company failed to clearly explain the reasons for changes in the asset group scope during goodwill impairment testing [1] Disclosure Violations - The company did not properly disclose significant litigation, with a total involved amount of 122 million yuan over a 12-month period since October 26, 2022, and failed to report this in the 2023 semi-annual report [1] - There were also failures in disclosing related party transactions, with a total of 65.63 million yuan in transactions with the same related party over the past 12 months, lacking timely compliance with review procedures and disclosure obligations [1] Regulatory Actions - The Beijing Securities Regulatory Bureau decided to issue a warning letter to the company and its key executives, including the chairman and general manager, due to the violations of the Information Disclosure Management Measures [2]

Market Overview - The cement sector experienced a slight decline of 0.12% on September 26, with Sanhe Pile leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Individual Stock Performance - Sanhe Pile (003037) closed at 7.91, down 4.47% with a trading volume of 168,100 shares and a turnover of 134 million yuan [2] - Qingsong Jianhua (600425) closed at 4.25, down 2.52% with a trading volume of 393,800 shares [2] - Sichuan Jinding (600678) closed at 9.23, down 2.22% with a trading volume of 105,800 shares [2] - Guotong Co. (002205) closed at 13.63, down 1.87% with a trading volume of 94,800 shares [2] - Tianshan Co. (000877) closed at 5.97, down 1.16% with a trading volume of 388,500 shares [2] - Other notable declines include Jianfeng Group (600668) down 1.02% and Xizang Dalu (600326) down 0.81% [2] Capital Flow Analysis - The cement sector saw a net outflow of 98.89 million yuan from institutional investors and 47.41 million yuan from retail investors, while individual investors contributed a net inflow of 146 million yuan [4] - Hainan Ruize (002596) had a net inflow of 47.06 million yuan from institutional investors, while experiencing a net outflow of 10.28 million yuan from retail investors [4] - Fujian Cement (600802) reported a net inflow of 11.08 million yuan from institutional investors, with a slight net outflow from retail investors [4] - Guotong Co. (002205) had a net inflow of 5.80 million yuan from institutional investors, while retail investors showed a net outflow [4]

Core Points - The company, Beijing Hanjian Heshan Pipeline Co., Ltd., will hold a half-year performance briefing on October 15, 2025, to discuss its operational results and financial status for the first half of 2025 [2][4] - The briefing will be conducted in an interactive online format, allowing investors to ask questions in advance and during the session [3][5] - The company has received an administrative regulatory measure from the Beijing Securities Regulatory Bureau due to violations related to financial accounting, disclosure of major lawsuits, and related party transactions [7][8] Group 1: Performance Briefing - The performance briefing is scheduled for October 15, 2025, from 15:00 to 16:00 [4] - Investors can participate online through the Shanghai Stock Exchange Roadshow Center [5] - Questions can be submitted from September 30 to October 14, 2025, for discussion during the briefing [6] Group 2: Regulatory Measures - The company received a warning letter from the Beijing Securities Regulatory Bureau for non-compliance in financial accounting practices, including improper revenue recognition and inaccurate bad debt provisions [7][8] - The company failed to disclose significant lawsuits and related party transactions in a timely manner, with a total lawsuit amount of 122 million yuan and related party transactions amounting to 65.63 million yuan [7][8] - The company and responsible individuals are required to submit a written rectification report within 15 working days and improve their compliance with relevant regulations [8][9]

Core Viewpoint - Beijing Hanjian Heshan Pipeline Co., Ltd. (Hanjian Heshan) has received an administrative regulatory measure from the Beijing Securities Regulatory Bureau due to multiple violations, including improper financial accounting, failure to disclose significant litigation, and non-compliance in disclosing related party transactions [1][2]. Group 1: Regulatory Violations - The company was found to have improper financial accounting practices, including inaccurate revenue recognition for a project in Guangxi, leading to discrepancies in financial statements [1]. - Hanjian Heshan failed to disclose significant litigation, with a total involved amount of 122 million yuan over the past 12 months, and did not report this in its interim report for 2023 [1]. - The company did not properly disclose related party transactions, totaling 65.63 million yuan over the past 12 months, and failed to follow required review procedures and timely information disclosure obligations [1]. Group 2: Regulatory Actions - The Beijing Securities Regulatory Bureau has issued a warning letter to Hanjian Heshan and its key personnel, which will be recorded in the capital market integrity file [2]. - The responsible individuals are required to submit a written rectification report within 15 working days from the receipt of the decision [2]. Group 3: Company Performance - Since August, Hanjian Heshan's stock price has been on a decline, closing at 5.22 yuan per share on September 25, down 1.88% [3].

Core Viewpoint - The company, Han Jian He Shan, has received a warning letter from the Beijing Securities Regulatory Bureau due to various regulatory violations, including improper financial accounting and failure to disclose significant lawsuits and related party transactions in a timely manner [1][2]. Financial Violations - The company was found to have non-compliant financial accounting practices, including incorrect revenue recognition for a project in Guangxi, leading to inaccuracies in income and other financial statement items [1] - There were inaccuracies in the write-off of accounts receivable and the aging calculation, resulting in incorrect provisions for bad debts [1] - The impairment provisions for construction contracts were also inaccurately calculated, and the reasons for changes in asset group scope during goodwill impairment testing were not clearly stated [1] Disclosure Issues - Han Jian He Shan failed to timely disclose significant lawsuits, with a total involved amount of 122 million yuan over the past 12 months, which was not reported in the interim report for the first half of 2023 [1] - The company also did not properly disclose related party transactions, totaling 65.63 million yuan over the past 12 months, and failed to follow required review procedures and timely information disclosure obligations [1] Company Overview - Han Jian He Shan was established on July 7, 2004, and was listed on the Shanghai Stock Exchange in June 2015. The company specializes in the research, production, and sales of prestressed concrete pipes (PCCP), reinforced concrete drainage pipes (RCP), and ready-mixed concrete [4] - In the first half of 2023, the company reported a revenue of 310 million yuan, representing a year-on-year increase of 103.08%, and a net profit attributable to shareholders of 6.38 million yuan, up 118.71% year-on-year [4] - As of September 25, 2023, the company's stock price was 5.22 yuan per share, reflecting a decline of 1.88% [4]

Group 1 - The Shanghai Stock Exchange criticized Beijing Hanjian He Shan Pipeline Co., Ltd. for inaccurate financial disclosures and failure to properly disclose significant lawsuits and related transactions, impacting investors' right to know [1] - The company violated multiple regulations from the Shanghai Stock Exchange's listing rules, including those revised in August 2023, April 2024, and April 2025 [1] - The disciplinary action includes a public reprimand for the company and several key individuals, including the chairman and CFO, based on the review by the disciplinary committee [1] Group 2 - On the anniversary of the "9.24" event, the total market capitalization of A-shares exceeded 116 trillion yuan, indicating significant changes in the Chinese capital market [2] - Four major reforms are reshaping the new ecosystem of the Chinese capital market, although specific details of these reforms are not provided in the summary [2]

证券代码：603616 证券简称：韩建河山 公告编号：2025-050 北京韩建河山管业股份有限公司 关于收到北京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。 北京韩建河山管业股份有限公司（以下简称"公司"）于2025年9月25日收 到中国证券监督管理委员会北京监管局（以下简称"北京证监局"）出具的《关 于对北京韩建河山管业股份有限公司、田玉波、孙雪、魏良彬、张海峰采取出具 警示函措施的决定》（[2025]161号）（以下简称"《决定书》"），现将原文 内容公告如下： 一、《决定书》内容 北京韩建河山管业股份有限公司、田玉波、孙雪、魏良彬、张海峰： 经查，你公司存在以下违规行为： 1、财务核算不规范。广西某项目不符合收入确认条件，导致收入等报表科 目核算与列报不准确；部分应收账款核销、账龄核算不准确导致坏账准备计提不 准确；部分工程施工类合同履约成本减值准备计提不准确；商誉减值测试时未明 确说明相关资产组范围变更原因。 2、未规范披露重大诉讼。2022年10月26日以来，你公司连续12个月内累 ...

北京韩建河山管业股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 证券代码：603616 证券简称：韩建河山 公告编号：2025-049 会议召开时间：2025 年 10 月 15 日（星期三）15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow. sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 30 日（星期二）至 10 月 14 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hjhszqb @hjhsgy.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 北京韩建河山管业股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 15 ...

Market Overview - The cement sector experienced a decline of 0.79% on September 25, with Sanhe Pile leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Individual Stock Performance - Notable gainers included Guotong Co. (5.63% increase), Jianfeng Group (2.88% increase), and Fujian Cement (2.23% increase) [1] - Major decliners included Sanhe Pile (4.50% decrease), Shangfeng Cement (3.75% decrease), and Huaxin Cement (2.23% decrease) [2] Trading Volume and Value - Guotong Co. had a trading volume of 114,200 shares and a transaction value of 154 million yuan [1] - Sanhe Pile recorded a trading volume of 231,800 shares with a transaction value of 193 million yuan [2] Capital Flow Analysis - The cement sector saw a net outflow of 238 million yuan from institutional investors, while retail investors contributed a net inflow of 278 million yuan [2][3] - Key stocks with significant net inflows from retail investors included Fujian Cement and Sanhe Pile, while Guotong Co. and Jianfeng Group saw net outflows from institutional investors [3]

Core Viewpoint - The announcement details the second unlock period of the 2023 restricted stock incentive plan for Beijing Hanjian Heshan Pipeline Co., Ltd, allowing 2,925,000 shares to be listed and circulated on September 26, 2025, following the fulfillment of specific conditions [2][4][10]. Group 1: Incentive Plan Overview - The stock listing type is for equity incentive shares, with a total of 2,925,000 shares to be listed [2][3]. - The second unlock period for the restricted stock is set to commence on September 26, 2025, after the conditions for unlocking have been met [4][10]. - The company’s board of directors confirmed that the conditions for the second unlock period have been satisfied [11][15]. Group 2: Approval and Implementation Process - The incentive plan underwent necessary approval procedures, including meetings held on July 6, 2023, and July 25, 2023, where the plan was reviewed and approved [5][6]. - The company conducted a public announcement regarding the list of proposed incentive recipients, with no objections received during the public notice period [5][6]. - The plan included a total of 9,950,000 shares granted at a price of 2.63 yuan per share to 65 incentive recipients [6]. Group 3: Unlock Conditions and Shareholder Impact - The second unlock period allows for 30% of the total shares to be unlocked, which amounts to 292,500 shares for 62 eligible recipients [10][12]. - The total number of shares remaining that have not been unlocked from the 2023 incentive plan is 2,925,000 shares [9]. - The shares to be unlocked represent 0.75% of the company's total share capital [12]. Group 4: Compliance and Legal Opinions - The board's remuneration and assessment committee confirmed that the unlocking arrangements comply with relevant laws and regulations, ensuring no harm to the company or shareholders [14][15]. - Legal opinions affirm that the necessary authorizations and approvals for the unlocking conditions have been obtained, aligning with the management regulations and the incentive plan [16].