清越科技12月12日公告，公司实际控制人、董事长兼总经理高裕弟先生决定撤回此前提出的股份回购提 议，并承诺自愿承担上市公司未来可能产生的一定范围的民事赔偿额。若公司因立案调查涉及的信息披 露违规行为被投资者提起民事诉讼并被法院判决承担民事赔偿责任，高裕弟先生将在法院生效判决确定 的履行期限内，替代公司向投资人承担不低于人民币1000万元的赔偿金额。该赔偿金额作为对上市公司 的捐赠，不再追偿。为保障承诺履行，高裕弟先生同意将其通过昆山和高信息科技有限公司持有的公司 900万股股票质押给上市公司全资子公司义乌清越光电技术研究院有限公司。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

每经AI快讯，12月12日，清越科技(688496.SH)公告称，因公司目前正处于立案调查期间，为主动维护 投资者合法权益，公司实际控制人高裕弟决定撤回股份回购提议，并自愿承担未来公司可能产生的一定 范围的民事赔偿额，金额不低于人民币1,000万元。该承诺作为对上市公司的捐赠，不再向上市公司追 偿。同时，高裕弟将其通过昆山和高信息科技有限公司所持的公司900万股股票质押给公司全资子公司 义乌清越光电技术研究院有限公司，作为履约保障。 ...

世纪华通：拟将128万股已回购股份用途变更为注销 12月8日，世纪华通（002602）发布公告称，公司拟将2022年回购的128万股股份用途由原计划的"股权激励计划、员工持股计划或减少注册资本"明确变更 为"注销并减少公司注册资本"。此次变更后，公司总股本将由74.28亿股减少至74.27亿股。 五粮液：2025年计划投资项目数量由19个调整为22个 投资金额由25.86亿元调整为22.07亿元 12月8日，五粮液（000858）发布公告称，公司第七届董事会2025年第7次会议审议通过调整2025年投资计划的议案，计划投资项目数量由19个调整为22个， 取消1个项目，新增4个项目，投资金额由25.86亿元调整为22.07亿元。此外，公司还拟与中央广播电视总台开展2026年"和美好礼"品牌传播项目，项目总预 算6.3亿元（含税）。 清越科技：因涉嫌财务数据造假被立案调查 调查尚在进行中 12月8日，清越科技（688496）发布公告称，公司因涉嫌定期报告等财务数据虚假记载，于此前被中国证监会立案。若后续经行政处罚认定的事实触及重大 违法强制退市情形，公司股票将被强制退市。截至公告披露日，调查尚在进行中，公司未收到 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所科创板股票上市规则》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。截至本公告披露日，中国证监会的调查尚在进 行中，公司尚未收到就上述立案事项的结论性意见或决定。 苏州清越光电科技股份有限公司（以下简称"公司"）于2025年11月1日在上海证券交易所网站 （www.sse.com.cn）披露了《清越科技关于公司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》，因公司涉嫌定期报告等财务数据虚假记载，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立案。 目前，公司各项经营管理、业务及财务状况均正常。针对本次立案事项，公司高度重视，将积极配合中 国证监会调查，并严格按照相关法律法规要求履行信息披露义务，每月披露1次风险性提示公告，说明 立案调查进展情况。 公司指定信息披露媒体为上海证券交易所网站（www.sse.com.cn）和《中国证券报》《上海证券报》 《证券时报》《证券日报》《经济参考报》，公司相关信息均以在上述指定媒体披露的公告为准。 ...

（原标题：立案调查未果，回购计划先行 清越科技释放何种信号？） 股价走势清晰反映了市场对风险的定价。10月31日（三季报披露后首个交易日），清越科技收于8.94元。11月1日立案公告发布后，股价开启下行 通道。至12月5日，收盘价为6.84元，累计下跌2.10元，跌幅23.5%。同期科创板整体表现平稳，凸显投资者对公司特有风险的高度敏感。即便11 月4日提出回购建议，也未能有效遏制抛压，反映出市场对缺乏实质进展的"信心喊话"持怀疑态度。 12月5日，苏州清越光电科技股份有限公司（清越科技，688496.SH）发布《关于立案调查进展暨风险提示公告》。公告称，截至公告披露日，中 国证监会对公司涉嫌定期报告等财务数据虚假记载的立案调查仍在进行中，公司尚未收到结论性意见或决定。 来源：清越科技公告 2025年11月1日，清越科技首次披露收到证监会《立案告知书》（编号：证监立案字0382025011号），理由为"涉嫌定期报告等财务数据虚假记 载"。若最终认定构成重大违法，公司股票可能被实施强制退市。目前公司称经营管理、业务及财务状况正常，并承诺每月披露一次调查进展。 11月4日，清越科技董事长、实际控制人高裕弟提议以自 ...

若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所科创板股 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。截至本公告披露日，中国证监会的调查尚在进行中，公司尚未收到就上述立 案事项的结论性意见或决定。 目前，公司各项经营管理、业务及财务状况均正常。针对本次立案事项，公 司高度重视，将积极配合中国证监会调查，并严格按照相关法律法规要求履行信 息披露义务，每月披露 1 次风险性提示公告，说明立案调查进展情况。 公司指定信息披露媒体为上海证券交易所网站（www.sse.com.cn）和《中国 证券报》《上海证券报》《证券时报》《证券日报》《经济参考报》，公司相关 信息均以在上述指定媒体披露的公告为准。敬请广大投资者理性投资，注意投资 风险。 证券代码：688496 证券简称：清越科技 公告编号：2025-054 苏州清越光电科技股份有限公司 关于立案调查进展暨风险提示公告 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、准确性和完整性依法承担法律责任。 苏州清越光电科技股份有限公司（以下简称"公司"）于 2025 年 11 ...

清越科技公告称，公司因涉嫌定期报告等财务数据虚假记载，于此前被中国证监会立案。若后续经行政 处罚认定的事实触及重大违法强制退市情形，公司股票将被强制退市。截至公告披露日，调查尚在进行 中，公司未收到结论性意见或决定。目前公司经营、业务及财务状况正常，将配合调查，每月披露一次 风险性提示公告。 ...

Core Viewpoint - Qingyue Technology is facing an unprecedented crisis due to an investigation by the China Securities Regulatory Commission (CSRC) for suspected false financial reporting, leading to significant concerns about its business performance and future prospects [2][10]. Group 1: Company Performance and Financials - Qingyue Technology reported a net loss of approximately 0.7 billion yuan for 2024, marking two consecutive years of losses [2]. - The company's revenue for 2023 was 6.61 billion yuan, a significant decline of 36.69% year-on-year, with electronic paper module product revenue dropping by 34.47% and a negative gross margin of 7.25% [6]. - The primary reason for the performance decline was attributed to a decrease in orders from its largest customer, Hanshuo Technology, which began producing its own electronic paper modules [6][7]. Group 2: IPO and Customer Dependency - During its IPO, Qingyue Technology presented an overly optimistic view of its relationship with Hanshuo Technology, claiming a stable and sustainable partnership for 3 to 5 years [4][5]. - The strategic cooperation agreement with Hanshuo Technology included provisions for priority procurement and supply, which were critical to Qingyue's valuation during the IPO [3]. - Despite the initial optimism, the reality of Hanshuo's self-built production line, which began operations in 2022, has severely impacted Qingyue's sales, with over 99% of its electronic paper module revenue dependent on Hanshuo [6][7]. Group 3: Regulatory Issues and Investigations - Qingyue Technology received a notice from the CSRC regarding an investigation into potential false financial reporting, which could lead to severe penalties, including forced delisting [10][11]. - Prior to this, the company had already been warned by the Jiangsu Securities Regulatory Bureau for issues related to the misuse of raised funds and undisclosed related-party transactions [11][12]. - The ongoing investigation raises questions about the company's disclosure practices during its IPO, particularly regarding the risks associated with Hanshuo's production capabilities [10].

Core Insights - The electronic paper industry is experiencing significant growth, transitioning from niche applications to becoming a core component in IoT display terminals, driven by increasing demand in retail and other sectors [1][2] - The A-share electronic paper index saw a daily increase of 3.36% on November 25, and a year-to-date increase of 56.58% as of November 28 [1] - Major manufacturers are consolidating their market positions, with the top five companies expected to hold approximately 86% of the global market share by 2024 [2][8] Industry Trends - The "dual carbon" goals in China are providing implicit support for low-power electronic products, creating long-term certainty for electronic paper companies [2] - The demand for electronic price tags and other applications is accelerating, with the industry entering a phase of synchronized acceleration in technology, market, and application [2][7] - The electronic paper technology has advanced with breakthroughs in color and flexibility, expanding applications from black-and-white static displays to full-color dynamic displays [5][6] Market Dynamics - The global electronic paper market is projected to exceed $14.2 billion, with significant growth expected in the e-book segment, which is anticipated to reach 18.8 million units by 2025 [8][9] - The domestic electronic paper industry has formed a complete layout, with strong downstream demand driving the expansion of upstream materials and midstream module production capacity [7] - The industry is characterized by a high growth rate and low base, with a compound annual growth rate of over 20% expected for global electronic paper terminals [9][10] Competitive Landscape - Major players in the electronic paper market include E Ink Holdings, HeLiTai, and Yasi Optoelectronics, with E Ink holding over 90% of the electronic ink film market [5][6] - The domestic market is seeing increased competition, with companies like Hanwang Technology and others capturing significant market shares [6][7] - The industry is facing challenges in scaling up production and reducing costs, particularly in high-end color electronic paper, which still relies on imported core materials [10]

Group 1 - The public relations battle between Hua Yu Hua and Luo Yonghao has intensified, with Hua Yu Hua's founder making bold statements and refusing to apologize [3] - Zong Fuli has officially stepped down as the chairman and general manager of Wahaha, with Xu Simin taking over the roles while Zong retains a 29.40% stake in the company [2] - Evergrande's liquidators have achieved a significant victory by freezing $220 million in assets belonging to Xu Jiayin's ex-wife, which aids in recovering debts owed to creditors [4] Group 2 - The conflict between former Hubei billionaire Lan Shili and Golden Dragon Fish has escalated, stemming from a video that led to a defamation lawsuit, resulting in a court ruling against Lan [5] - The sudden announcement of a company-wide shutdown at Mohe Technology, a subsidiary of Great Wall Motors, has raised concerns about potential dissolution, with employees left uncertain about their future [6][7] - Vanke's bonds have experienced a significant drop, with some bonds falling over 20%, leading to speculation about the reasons behind this decline, including potential information leaks regarding bond extensions [9] Group 3 - Mandi International has submitted its IPO application, revealing a dominant market position in the hair loss treatment sector with a 57% market share, but faces concerns over high marketing costs and product controversies [10] - Qingyue Technology is under investigation for suspected financial fraud, facing the risk of forced delisting, which has led to a significant drop in its stock price [11] - Major state-owned banks have collectively stopped offering five-year large-denomination time deposits, indicating a trend of withdrawal from long-term deposit products in the banking sector [12]