因涉嫌财务造假，又有两家A股公司股票将被实施其他风险警示。 惠伦晶体：虚增成本费用、虚增收入 12月9日晚，广东惠伦晶体（300460）科技股份有限公司（以下简称"惠伦晶体"）公告称，公司及相关当事人于12月9日收到广东证监局下发的《行政 处罚事先告知书》。惠伦晶体披露的2021年、2022年年度报告存在虚假记载，根据相关规定，公司股票自2025年12月11日起被正式实施其他风险警 示，股票简称由"惠伦晶体"变更为"ST惠伦"。 告知书显示，经查明，惠伦晶体、惠伦晶体实控人赵积清涉嫌信息披露违法违规的事实涉及未按规定披露资金占用事项，虚增成本费用、虚增收入 等。广东证监局拟决定，对惠伦晶体公司责令改正，给予警告，并处以300万元罚款；对赵积清等5名当事人给予警告，合计处以840万元罚款。 具体来看，2020年，惠伦晶体以采购设备及材料、预付工程款等名义向东莞市某科技有限公司等7家公司支出款项，并最终划转至控股股东新疆惠伦及 赵积清本人等关联方银行账户，用于归还新疆惠伦股权质押款及赵积清个人借款。 上述关联方非经营性资金往来构成关联方对公司的资金占用，2020年累计发生额为2833万元，期末余额为2663万元。 ...

Core Viewpoint - 嘉澳环保 is facing administrative penalties from the Zhejiang Securities Regulatory Bureau due to misstatements in its 2022 and 2023 annual reports, linked to its subsidiary's failure to timely transfer construction projects to fixed assets [2] Group 1: Company Situation - 嘉澳环保 has received an administrative penalty notice but does not face delisting risks as the situation does not fall under major violations that would trigger mandatory delisting [2] - The company asserts that its production and operational activities are proceeding normally despite the ongoing issues [2] Group 2: Business Focus and Strategy - 嘉澳环保 is focusing on the development of environmentally friendly biomass energy and new materials, with a strategic emphasis on sustainable aviation fuel (SAF) [2] - The market demand for SAF is strong due to the global aviation industry's push for decarbonization and supportive domestic green energy policies, indicating a promising future for this business segment [2] Group 3: Compliance and Management Actions - The company plans to enhance its internal control processes and improve financial compliance capabilities as a response to the recent issues [3] - Management will implement systematic training on securities laws and accounting standards to promote ongoing compliance and ensure the accuracy and completeness of information disclosure [3]

Regulatory Actions - On December 9, the Zhejiang Securities Regulatory Bureau issued a notice of administrative penalty, confirming Jiaao Environmental's continuous financial fraud over two years [1][4] - The regulatory decision includes a warning and a fine of 5.5 million yuan for Jiaao Environmental, along with a total of 4.5 million yuan in penalties for two responsible individuals, amounting to a total of 10 million yuan [1][4] - Starting December 11, Jiaao Environmental will be designated as "ST Jiaao," with its stock price fluctuation limit reduced from 10% to 5% [1][4] Financial Fraud Details - The financial fraud involved delaying the transfer of assets from construction in progress to fixed assets, which should have been completed by December 2021 [2][5] - In 2022, this manipulation led to a reduction in operating costs by 13.44 million yuan and financial expenses by 5.77 million yuan, resulting in an inflated total profit of 19.21 million yuan, which constituted 28.91% of the disclosed profit for that period [2][5] - In 2023, similar fraudulent activities continued, with a reduction in operating costs by 13.56 million yuan and an inflated profit of the same amount, making up 63.72% of the disclosed profit for that year [2][5] - The fraudulent actions in 2023 resulted in a net profit increase of 10.44 million yuan, representing 200.38% of the disclosed net profit [2][5] Implications for Investors - The issuance of the pre-penalty notice provides strong evidence for potential claims by affected investors, with updated conditions for participation in compensation claims [1][4] - Investors who purchased shares between April 21, 2023, and April 29, 2025, and sold or held them after April 30, 2025, while incurring losses, are eligible to participate in the compensation process [1][4]

关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 2025年12月9日晚间，惠伦晶体（维权）、嘉澳环保（维权）分别发布：关于公司及相关当事人收到 《行政处罚事先告知书》的公告和关于收到中国证券监督管理委员会浙江监管局《行政处罚事先告知 书》的公告，两家上市公司此前分别于2025 年 4 月 24 日和2025年6月23日遭证监会立案。 根据证监会下达的行政处罚事先告知书显示，惠伦晶体涉及的主要违规为：一、惠伦晶体未按规定披露 资金占用事项，2020 年年度报告存在重大遗漏；二、惠伦晶体虚增成本费用、虚增收入，2021 年、 2022 年年度报告存在虚假记载。广东证监局拟对广东惠伦晶体科技股份有限公司责令改正，给予警 告，并处以300万元罚款。（惠伦晶体维权入口） 嘉澳环保同样是涉及相关财务数据存在虚假记载问题，公告显示：2022 年嘉澳环保虚减营业成本 13， 444，175.77 元，虚减财务费用 5，767，483.35 元，虚增利润总额 1 ...

嘉澳环保财报造假被"ST"，信达澳亚基金或踩雷 深圳商报·读创客户端记者 陈燕青 19日晚间，嘉澳环保公告称，公司当日收到浙江证监局下发的《行政处罚事先告知书》。由于公司2022 年、2023年连续两年年报存在虚假记载，公司将被处以550万元罚款，两名时任高管合计被罚450万元， 公司股票12月10日停牌，11日起实施其他风险警示，简称变更为"ST嘉澳"。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 本次处罚并不是嘉澳环保的首次违规，此前已因信披问题受监管关注。2021年5月，公司因为未合并境 外主体及未抵销关联交易导致2019年年报虚增营业收入约1.79亿元，虚减净利润93.61万元，被证监会罚 款100万元。 嘉澳环保近年来经营业绩波动剧烈。财报数据显示，2022年至2024年，公司净利润连续三年亏损，分别 亏损3244万元、754万元和3.67亿元。尽管今年前三季度公司营收同比大幅增长189.39%至30.05亿元， 归母净利润亏损收窄至2536.6万元，但此次财务造假曝光无疑给公司蒙上巨大的阴影。 值得一提的是，三季报显示，截至三季度末，信达澳亚基金有两个产品位列公司前十大流 ...

Group 1 - Jinggong Technology signed a sales contract with Hubei Yuchuang worth 729 million yuan, accounting for 42.16% of the company's audited revenue for 2024 [1] - Heshun Electric is expected to win a bid for a State Grid procurement project worth 107 million yuan, representing 24.97% of the company's 2024 revenue [2] - Yongmaotai plans to invest approximately 400 million yuan in a new intelligent manufacturing project for magnesium-aluminum alloy materials [3] Group 2 - Longi Green Energy announced the termination of its plan to issue global depositary receipts abroad, stating it will not significantly impact its operations [4] - Bai Ao Intelligent is expected to win bids for projects totaling 27.5 million yuan [5] - Lian Biological is planning a change of control and asset purchase, leading to a temporary suspension of its stock [6] Group 3 - Bo Rui Communication intends to acquire 51% of Meijing Technology for 66.49 million yuan [7] - Huitai Medical plans to repurchase shares worth 200 to 250 million yuan for employee stock ownership plans [8] - Yifang Biological is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] Group 4 - Jiuqiang Biological's shareholders signed an agreement for the transfer of 5% of the company's shares to China National Pharmaceutical Investment [11] - Songcheng Performing Arts plans to repurchase shares worth 100 to 200 million yuan for capital reduction [12] - Zhonghong Medical's subsidiary is expected to be selected for a centralized procurement project in Jiangxi Province [13] Group 5 - Xingfu Electronics plans to invest 480 million yuan in a new electronic-grade phosphoric acid project [14] - Jiaao Environmental Protection's stock will be subject to risk warnings due to an administrative penalty [15] - ST Nuotai received a drug registration certificate for a new injection [16] Group 6 - Haimo Technology plans to sell its controlling subsidiary, Xian Sitian Instrument, for 370 million yuan [17] - Jingce Electronics signed multiple sales contracts with a single customer totaling 433 million yuan [18] - Donghua Testing's controlling shareholder plans to reduce its stake by up to 1.99% [19][20] Group 7 - Xingqi Eye Medicine completed the first subject enrollment for a Phase II clinical trial of its eye drop product [21] - Kute Intelligent's controlling shareholder plans to reduce its stake by up to 2% [22] - Dongcheng Pharmaceutical's subsidiary received approval for a new specification of a heparin sodium injection [23] Group 8 - Zhaoyi Innovation is in the process of issuing H-shares and has received regulatory approval [24] - Aokang International's shareholder plans to reduce its stake by up to 3% [25] - Jiamei Packaging's controlling shareholder is planning a change of control, leading to a temporary stock suspension [26] Group 9 - ST Kevin's stock will have its risk warning lifted and will resume trading [27] - Zaiseng Technology's controlling shareholder plans to transfer 6.04% of the company's shares [28] - Lide New Energy's shareholder plans to reduce its stake by up to 1% [29] Group 10 - Srypu terminated its plan to acquire shares and will resume trading [30] - Longjiang Transportation's subsidiary plans to invest 2.679 billion yuan in a graphite mining project [31] - Haowei Group's controlling shareholder has not reduced its stake and has terminated the reduction plan [32] Group 11 - Huilun Crystal received an administrative penalty notice for information disclosure violations [33] - Haiguang Information terminated a major asset restructuring plan [34] - Zhongke Shuguang announced a cash dividend plan [35] Group 12 - Fushuo Technology's share purchase plan was approved by the Shenzhen Stock Exchange [36] - Dongbai Group's shareholder reduced its stake by 25.95 million shares [38]

Industry News - A new polysilicon platform company named Beijing Guanghe Qiancheng Technology Co., Ltd. has been registered with a capital of 3 billion, established on December 9, 2025, in Beijing. The company aims to explore potential strategic cooperation opportunities within the industry, such as technology upgrades and market expansion [25][25]. - The National Retail Innovation Development Conference is being held in Beijing from December 9 to 10. The Deputy Minister of Commerce, Sheng Qiuping, emphasized the need for further improvement in retail layout, supply-demand matching, and online-offline balance, while also encouraging the development of new business models and scenarios to stimulate consumer potential [25][25]. - The State Administration for Market Regulation has approved the release of two mandatory national standards for civil unmanned aerial vehicles, which will take effect on May 1, 2026 [25][25]. - Alibaba has established the Qianwen C-end Business Group, aiming to develop Qianwen into a super app and the primary entry point for users in the AI era [26][26]. - Huawei's 2012 Lab has established a foundational model department focused on advancing base model development and is actively recruiting young research talents with outstanding academic backgrounds [26][26]. - The Ministry of Agriculture and Rural Affairs reported that pork supply in November was sufficient, with prices slightly decreasing. The average daily market volume of pork in Beijing's Xinfadi market was 2,128.8 heads, a 10.57% increase from October and a 7.54% increase year-on-year [26][26]. - The National Development and Reform Commission indicated that the coking coal market shifted from tight to loose in November, with price expectations declining. The coking coal price expectation index fell to below the 50% threshold, indicating weak support for the market [26][26]. Company News - Jiaao Environmental Protection announced that due to false records in the 2022 and 2023 annual reports, the company's stock will be subject to other risk warnings [27][27]. - Huilun Crystal also announced that its 2021 and 2022 annual reports contained false records, leading to similar risk warnings for its stock [27][27]. - Haiguang Information announced the termination of its major asset restructuring with Zhongke Shuguang [28][28]. - Zhongke Shuguang announced the termination of its share swap absorption merger with Haiguang Information and the associated fundraising [29][29]. - Tianyuan Dike announced that its chairman, Chen You, has been placed under detention [30][30]. - Lain Biological announced that its controlling shareholder is planning a change of control and intends to acquire at least 80% of Beijing Jinkangpu's shares, leading to a stock suspension [30][30]. - Shengyi Technology announced an investment of approximately 198 million yuan to build an annual production project of 2,400 tons of ultra-high molecular weight polyethylene fiber, expanding its application value in humanoid robots [30][30]. - HoloWave announced a significant increase in orders for satellite testing systems, primarily from commercial aerospace satellite manufacturers and testing service providers [30][30]. - Longi Green Energy announced the termination of its overseas issuance of global depositary receipts [31][31]. - Zaiseng Technology announced that its controlling shareholder, Guo Mao, plans to transfer 6.04% of the company's shares to Zhongrong Huaxin [31][31]. - Si Rui Pu announced the termination of its plan to acquire shares of Aola, and its stock will resume trading [32][32]. - Fosun Pharma announced that its subsidiary, Yaoyou Pharmaceutical, has signed a licensing agreement with Pfizer [33][33].

Group 1: Company Announcements - Haiguang Information and Zhongke Shuguang have agreed to terminate the proposed share-swap merger transaction, with an investor briefing scheduled for December 10 [4][5] - Lain Bio is planning a change of control, issuing shares, and cash payment for asset acquisition, leading to a stock suspension starting December 10 [5][6] - SIRUI has decided to terminate the major asset restructuring plan involving the acquisition of shares in Ningbo Aola Semiconductor, with stock resuming trading on December 10 [5][6] Group 2: Financial Data and Corporate Actions - Haiguang Information plans to distribute a cash dividend of 0.9 yuan per 10 shares, totaling 2.09 billion yuan, while Zhongke Shuguang will distribute 0.7 yuan per 10 shares, totaling 1.02 billion yuan [5] - Lain Bio's control change may lead to a new major shareholder, with plans to acquire at least 80% of Beijing Jinkangpu Food Technology Co., which will become a subsidiary [5][6] - Hao Wei Group's major shareholder has decided to terminate a planned share reduction of up to 24 million shares, representing 1.99% of total shares [7] Group 3: Industry Developments - A new platform for polysilicon capacity integration has been established, focusing on strategic cooperation opportunities within the industry [1] - Guizhou Province is drafting measures to boost the sales of local liquor, including enhancing online sales and implementing export strategies [2] - The first MUSA Developer Conference will be held by Moore Threads, focusing on their full-stack development strategy and new GPU architecture [2] Group 4: Regulatory and Compliance Issues - Jiaao Environmental Protection received a notice of administrative penalty for information disclosure violations, leading to a temporary stock suspension and risk warning [8] - Huilun Crystal will also face a temporary stock suspension and risk warning due to compliance issues [8] - Tianyuan Dike's chairman is under investigation, but the company states it will not significantly impact operations [8] Group 5: Market Trends and Investment Opportunities - CITIC Securities suggests focusing on domestic demand stability and external demand breakthroughs in the power equipment sector for investment opportunities in 2026 [11]

Core Viewpoint - Huineng Crystal (300460) is facing administrative penalties from the Guangdong Securities Regulatory Bureau for violations related to information disclosure, including significant omissions in financial reports and inflated costs and revenues in 2021 and 2022 [1][4][8]. Summary by Sections Information Disclosure Violations - Huineng Crystal and its actual controller Zhao Jiqing are accused of failing to disclose related party fund occupation in the 2020 annual report, which had a significant omission [4]. - The company transferred a total of 28.33 million yuan to related parties, constituting 5.12% of the net assets disclosed in the 2020 report [4]. Financial Misstatements - The company inflated costs and revenues in the 2021 and 2022 annual reports to cover up the fund occupation, resulting in a fictitious increase in costs of 8.64 million yuan in 2021 and 23.95 million yuan in 2022 [5][6]. - Huineng Crystal reported inflated operating revenues of 25.49 million yuan in 2021 and 62.33 million yuan in 2022, with corresponding inflated profits of 17.08 million yuan and 21.31 million yuan respectively [6][7]. Regulatory Actions - The Guangdong Securities Regulatory Bureau plans to impose a fine of 3 million yuan on Huineng Crystal and issue warnings to several executives, including Zhao Jiqing, who faces a total fine of 4 million yuan [8]. - The company's stock will be subject to risk warnings starting December 11, with a name change to "ST Huineng" [1][8]. Financial Performance - Huineng Crystal has reported continuous losses from 2022 to 2024, totaling approximately 530 million yuan [9]. - For the first three quarters of 2025, the company reported revenues of 422 million yuan, a year-on-year decrease of 4.67%, and a net loss of 76.12 million yuan, a significant decline of 4566.64% [10].

嘉澳环保（603822）12月9日晚间公告，公司于2025年12月9日收到中国证券监督管理委员会浙江监管局 下发的《行政处罚事先告知书》（简称《事先告知书》）。 经查，嘉澳环保披露的2022年年度报告和2023年年度报告相关财务数据存在虚假记载。其中，2022年虚 减营业成本1344.42万元，虚减财务费用576.75万元，虚增利润总额1921.17万元、占当期披露利润总额 绝对值的28.91%，虚增净利润1525.82万元、占当期披露净利润绝对值的49.06%； 2023年虚减营业成本 1355.82万元，虚增利润总额1355.82万元、占当期披露利润总额绝对值的63.72%，虚增净利润1044.14万 元、占当期披露净利润的200.38%，且2023年净利润由亏损转为盈利。 依据《事先告知书》载明的内容，根据《上海证券交易所股票上市规则（2025年4月修订）》第9.8.1条 规定："上市公司出现以下情形之一的，本所对其股票实施其他风险警示：（七）根据中国证监会行政 处罚事先告知书载明的事实，公司披露的年度报告财务指标存在虚假记载，但未触及本规则第9.5.2条第 一款规定情形，前述财务指标包括营业收入、利润 ...