Core Viewpoint - ST Huayang has been publicly reprimanded by the Shanghai Stock Exchange for violations related to financial data manipulation and non-disclosure of significant financial information [2][4][6]. Group 1: Violations and Financial Misconduct - ST Huayang and its former controlling shareholder, Su Tong, were found to have engaged in non-operating fund occupation amounting to 181.53 million yuan, which was not disclosed in the company's financial reports for 2021 and subsequent years [4][5]. - The undisclosed non-operating fund occupation represented 10.02% and 7.84% of the net assets reported in the 2021 semi-annual and annual reports, respectively [4]. - The company also failed to adequately provision for bad debts related to accounts receivable, leading to inflated profits of 17.33 million yuan in the 2021 annual report and 69.39 million yuan in the 2022 annual report [5]. Group 2: Accountability and Consequences - The Shanghai Stock Exchange has publicly reprimanded Su Tong and the former vice president and financial officer, Guo Jianjun, for their roles in the violations, noting their failure to ensure the accuracy and completeness of financial disclosures [6][7]. - The disciplinary actions will be reported to the China Securities Regulatory Commission and recorded in the securities and futures market integrity database [7]. Group 3: Market Impact - As of September 10, ST Huayang's stock price was 9.81 yuan per share, with a market capitalization of 2.5 billion yuan and approximately 31,200 shareholders [8].

Core Viewpoint - ST Huayang has been publicly reprimanded by the Shanghai Stock Exchange for financial misconduct, including undisclosed non-operating fund occupation and underreporting of bad debt provisions [2][9][10]. Financial Misconduct - The company failed to disclose non-operating fund occupation by its controlling shareholder, Su Tong, amounting to 181.53 million yuan, which constituted 10.02% and 7.84% of the net assets in the 2021 semi-annual and annual reports respectively [7][10]. - ST Huayang also underreported bad debt provisions related to accounts receivable from Beijing Xinnuo Kejie Trading Co., leading to inflated profits of 17.33 million yuan (6.72% of total profit) in the 2021 annual report and 69.39 million yuan (10.31% of total profit) in the 2022 annual report [8][10]. Accountability - The Shanghai Stock Exchange has held Su Tong and former executives accountable for the violations, noting their failure to ensure the accuracy and completeness of financial reports [10][11]. - The disciplinary actions will be reported to the China Securities Regulatory Commission and recorded in the securities market integrity database [11]. Market Impact - As of September 10, ST Huayang's stock price was 9.81 yuan per share, with a market capitalization of 2.5 billion yuan and approximately 31,200 shareholders [12].

Core Viewpoint - ST Huayang has completed its compliance rectification and is now focusing on future development after receiving an administrative penalty from the China Securities Regulatory Commission, marking the end of historical issues [1][2] Group 1: Administrative Penalty and Compliance - ST Huayang received an administrative penalty decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission, indicating the formal conclusion of matters related to its former controlling shareholder and actual controller [1] - The company has conducted thorough self-examination and rectification, ensuring that all production and operational activities are normal and orderly [1] - Since the new state-owned controlling shareholder, Xiangjiang Group, took over, the company has completed comprehensive compliance rectification and team optimization [1] Group 2: Shareholder Support and Future Opportunities - Xiangjiang Group plans to increase its stake in ST Huayang by 1% to 2%, reflecting confidence in the company's future development and long-term value [1][2] - As a state-owned controlling shareholder, Xiangjiang Group possesses strong financial capabilities and rich cultural tourism resources, indicating a commitment to support the company's growth [1] - The resolution of historical issues and the implementation of the state-owned capital increase plan provide a solid foundation for the company's future stable development [2] Group 3: Digital Cultural Tourism Initiatives - Xiangjiang Group has been actively empowering the company's digital cultural tourism business, demonstrating a strong determination to drive the company's transformation [2] - ST Huayang signed a strategic cooperation agreement with Hunan Huanyear Cultural Tourism, a subsidiary of Xiangjiang Group, to promote the integration of digital and cultural tourism industries [2] - The establishment of a joint venture with Xiangjiang Group to manage mature cultural tourism assets further deepens the company's exploration in the digital and cultural tourism sector, expanding its business development space [2]

证券代码：603825 证券简称：ST 华扬 公告编号：2025-103 华扬联众数字技术股份有限公司 关于公司及相关人员收到中国证券监督管理委员会 北京监管局《行政处罚决定书》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。 一、基本情况 华扬联众数字技术股份有限公司（以下简称"公司"或"华扬联众"）于 2025 年 1 月 15 日披露公司及前实际控制人苏同先生分别收到中国证券监督管理委员 会（以下简称"中国证监会"）《立案告知书》（证监立案字 0142025002 号、证监 立案字 0142025004 号）。因涉嫌信息披露违法违规，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，中国证监会决定对公司及苏同 先生立案。具体内容详见公司在上海证券交易所网站披露的《关于公司及实际控 制人收到中国证券监督管理委员会立案告知书的公告》（公告编号：2025-006）。 公司于 2025 年 8 月 22 日收到中国证监会北京监管局《行政处罚事先告知书》 （[2025]11 号）。具体内容详见公司在上海证 ...

Group 1 - The Shanghai Stock Exchange publicly reprimanded Huayang Lianzhong Digital Technology Co., Ltd. and its former actual controller Su Tong for failing to disclose non-operating fund occupation by the controlling shareholder, leading to significant omissions in multiple financial reports from 2021 to 2023 [1] - The company was found to have understated bad debt provisions for accounts receivable, resulting in false records in its 2021 and 2022 annual reports [1] - The disciplinary action was based on violations of several regulations, including the Securities Law of the People's Republic of China and various disclosure guidelines [1] Group 2 - For the first half of 2025, ST Huayang's revenue composition was 99.94% from internet advertising services and 0.06% from other income [2] - As of the report date, ST Huayang had a market capitalization of 2.5 billion yuan [2]

您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行了 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行暂行 关于华扬联众数字技术股份有限公司 会计差错更正专项说明的鉴证报告 中兴财光华审专字(2025)第 211188 号 次 目 录 关于华扬联众数字技术股份有限公司前期会计差错 更正及追溯调整专项说明的鉴证报告 华扬联众数字技术股份有限公司关于前期会计差错 更正及追溯调整的专项说明 1-3 关于华扬联众数字技术股份有限公司前期会计差错更正及 追溯调整专项说明的鉴证报告 中兴财光华审专字(2025)第 211188 号 华扬联众数字技术股份有限公司全体股东: 基础。 三、鉴证结论 我们认为,华扬联众公司的专项说明已按照《企业会计准则第28 号 -- 会计政策、会计估计变更和差错更正》和中国证券监督管理委员会《公开发行 证券 的公司信息披露编制规则第 19 号 -- 财 务信 息 的 更 正 及 相关 披露》( 2018 年修订）等相关规定编制,对 2021年度至 2022年度合并及公司财务报表会计 ...

Core Viewpoint - The company, Huayang Lianzhong Digital Technology Co., Ltd., is set to hold a half-year performance briefing on September 12, 2025, to discuss its operational results and financial status for the first half of 2025, following the release of its semi-annual report on August 26, 2025 [2][8]. Group 1: Meeting Details - The performance briefing will take place on September 12, 2025, from 11:00 to 12:00 [5][6]. - The meeting will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [3][5]. - Participants will include the Vice Chairman and General Manager, Feng Kangjie, the Secretary of the Board and Deputy General Manager, Guo Jianjun, and the Financial Officer and Deputy General Manager, Wang Xiaorong [6]. Group 2: Investor Participation - Investors can submit questions for the briefing from September 5 to September 11, 2025, through the Shanghai Stock Exchange Roadshow Center or via the company's investor relations email [2][7]. - The company will address commonly asked questions during the briefing [3][7]. - After the meeting, investors can access the details and main content of the briefing on the Shanghai Stock Exchange Roadshow Center [7].

证券代码：603825 证券简称：ST 华扬 公告编号：2025-102 华扬联众数字技术股份有限公司 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。 重要提示： 华扬联众数字技术股份有限公司（以下简称"公司"）已于 2025 年 08 月 26 日（星期二）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 09 月 12 日（星 期五）11:00-12:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行 交流。 一、 业绩说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 ● 会议召开时间：2025 年 09 月 12 日（星期五）11:00-12:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://road ...

Group 1 - The controlling shareholder, Hunan Xiangjiang New District Development Group Co., Ltd. (Xiangjiang Group), plans to increase its stake in Huayang Lianzhong Digital Technology Co., Ltd. by 1% to 2% within six months through the Shanghai Stock Exchange [2][4] - As of September 3, 2025, Xiangjiang Group has increased its holdings by 594,800 shares, raising its total shareholding from 47,649,700 shares to 48,244,500 shares, which corresponds to an increase in ownership percentage from 18.81% to 19.04% [3] - The increase in shareholding complies with relevant laws and regulations and does not involve a takeover bid or change in the controlling shareholder [4]

Group 1 - Hunan Huayang Lianzhong Cultural and Tourism Operation Management Co., Ltd. has been established with a registered capital of 402 million yuan [1][2] - The company's business scope includes artificial intelligence application system integration services, satellite remote sensing application system integration, digital technology services, and municipal facility management [1][2] - ST Huayang (603825) is a major shareholder of the newly established company, holding approximately 50.995% of the shares [2]