Macro News - The International Monetary Fund (IMF) has significantly raised China's economic growth forecast for this year by 0.8 percentage points to 4.8%, reflecting stronger-than-expected economic activity in the first half of the year and lower actual tariff rates compared to previous predictions [4] - In the first half of the year, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2%. Their total profit amounted to 218.25 billion yuan, down 3.1% year-on-year, and tax payments were 300.26 billion yuan, a decline of 0.8% [4] Industry News - Hong Kong's "Stablecoin Regulation" will come into effect on August 1, with the Hong Kong Monetary Authority releasing five regulatory documents for licensed stablecoin issuers [7] - The China Photovoltaic Industry Association issued a statement refuting claims made by some media regarding "anti-involution" in the photovoltaic industry, particularly concerning polysilicon, stating that the reports were severely inconsistent with actual conditions [7] Company News - WuXi AppTec announced an adjustment to its share repurchase price ceiling to no more than 114.15 yuan per share [11] - The PCB industry is experiencing a significant improvement in market conditions compared to the same period last year, especially for high-end products, with strong demand and rising prices [9] - Changchun High-tech announced that its innovative drug, Amlodipine Besylate Oral Solution, has received approval from the FDA for market launch in the United States [12]

Core Viewpoint - The company, Liyuan Technology, is facing significant legal and governance challenges due to the conviction of its actual controller, Shen Wanzhong, for the crime of illegally disclosing important information, resulting in a prison sentence and fines [1][8]. Group 1: Legal Issues and Governance Changes - Shen Wanzhong was sentenced to one year in prison, with a one and a half year probation, and fined 3.3 million yuan for violating information disclosure laws [1]. - Following his conviction, Shen Wanzhong submitted his resignation as chairman and director of the company, and will not hold any other positions within the company [1]. - The board of directors has nominated Shen Jiawen, Shen Wanzhong's daughter, as a candidate for a non-independent director position [1][8]. Group 2: Company Background and Operations - Liyuan Technology specializes in the research, design, and integration of water treatment systems for various industries, including nuclear power, thermal power, metallurgy, and chemicals [3]. - The company has developed core technologies for hydrogen fuel cell engine systems and has achieved commercial delivery of several products [3]. - Liyuan Technology is one of the few suppliers capable of providing condensate water treatment systems for nuclear power plants, including the "Hualong One" project [3]. Group 3: Financial Misconduct and Regulatory Actions - The company has been implicated in financial misconduct, including premature revenue recognition and misreporting of research and development expenses [4][5]. - In 2023, the China Securities Regulatory Commission initiated an investigation into Liyuan Technology for suspected violations of information disclosure laws [5]. - The Zhejiang Securities Regulatory Bureau imposed fines totaling 3 million yuan on the company and its executives for their roles in the financial misconduct [6].

■ 证券代码：688565 证券简称：力源科技 公告编号：2025-032 浙江海盐力源环保科技股份有限公司 关于召开2025年第一次临时 股东大会的通知 本公司董事会及全体董事保证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。 重要内容提示： 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025年8月15日 至2025年8月15日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当日的交易时间 段，即9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东大会召开当日的9:15- 15:00。 （六）融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投票，应按照《上海证券交易 所科创板上市公司自律监管指引第1号 一 规范运作》等有关规定执行。 （七）涉及公开征集股东投票权 2025年第一次临时股东大会 召开日期时间：2025年8月15日 10点00分 召开地点：浙江省嘉兴市海盐县 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688565 证券简称：力源科技 公告编号：2025-028 浙江海盐力源环保科技股份有限公司 关于董事长辞任并补选董事的公告 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。 浙江海盐力源环保科技股份有限公司（以下简称"公司"）董事会于近日收到沈万中先生提交的辞职报 告，沈万中先生因个人原因申请辞去公司第四届董事会董事长、董事职务，辞职后将不在公司担任其他 职务。为保证公司第四届董事会正常开展相关工作，公司2025年7月29日召开第四届董事会第二十二次 会议，审议通过了《关于补选公司第四届董事会非独立董事的议案》，现将相关情况公告如下： 一、提前离任的基本情况 ■ 二、离任对公司的影响 根据相关法律法规及《公司章程》等规定，沈万中先生的辞职报告自送达董事会之日起生效。其离任不 会导致公司董事会成员低于法定人数，不会影响公司董事会依法规范运作，也不会影响公司正常的经营 发展。鉴于新任董事长的选举工作尚需经过相应的法定程序，公司将按照法定程序尽快完成公司董事长 的补选等相 ...

Core Viewpoint - The company, Liyuan Technology, is facing significant legal and governance challenges following the conviction of its actual controller, Shen Wanzhong, for the crime of disclosing important information in violation of regulations, leading to his resignation as chairman and director [1][6]. Group 1: Legal Issues and Governance Changes - Shen Wanzhong was sentenced to one year in prison, with a one and a half year probation, and fined 3.3 million yuan for violating information disclosure regulations [1][6]. - Following his conviction, Shen Wanzhong submitted his resignation from the company's board, and his daughter, Shen Jiawen, has been nominated as a candidate for a non-independent director position [1][7]. - The company has been under scrutiny for financial misconduct, including premature revenue recognition and inflated profit figures, leading to regulatory actions from the Zhejiang Securities Regulatory Bureau [4][5]. Group 2: Company Operations and Market Position - Liyuan Technology specializes in water treatment systems for various industries, including nuclear power and hydrogen fuel cell systems, and has achieved significant technological advancements in these areas [3]. - The company has successfully commercialized its hydrogen energy engine systems and has been involved in major nuclear power projects, including the "Hualong One" nuclear reactor [3][4]. - Despite the ongoing legal issues, the company claims that the management and operational activities will not be significantly affected by the recent developments [6].

Core Viewpoint - The article discusses the legal issues faced by Zhejiang Haiyan Liyuan Environmental Protection Technology Co., Ltd. and its actual controller, Shen Wanzhong, including a criminal conviction for the crime of disclosing important information in violation of regulations, resulting in a prison sentence and fines [1][4]. Summary by Sections Legal Issues - On July 29, 2025, the company announced that it received a criminal judgment from the Shanghai Second Intermediate People's Court, sentencing Shen Wanzhong to one year in prison, suspended for one and a half years, and imposing a fine of 3.3 million RMB for the crime of violating important information disclosure regulations [1]. - Shen Wanzhong was previously released on bail and had resigned from his positions as general manager and chairman of the company on March 28, 2024, due to the ongoing investigation [4][6]. Company Background - Shen Wanzhong, born in 1967, holds a bachelor's degree and has served as the chairman and general manager of the company since its listing on the Sci-Tech Innovation Board on May 13, 2021 [3]. Shareholding Structure - Shen Wanzhong directly holds 48,062,000 shares, accounting for 32.10% of the company's total share capital, making him the controlling shareholder and actual controller [5]. Financial Misconduct - The company and Shen Wanzhong were fined 3 million RMB each for financial fraud in 2021, where the company was found to have inflated revenue and profit figures through premature recognition of project progress [8]. - The Zhejiang Securities Regulatory Bureau identified that the company inflated its reported revenue by approximately 103.84 million RMB and profit by about 27.07 million RMB in its 2021 annual report, which represented 24.71% and 68.23% of the disclosed amounts, respectively [8][9]. Accountability - The regulatory body determined that Shen Wanzhong, as the then chairman and general manager, was directly responsible for the company's violations, failing to ensure the accuracy and completeness of financial reports [9].

Core Viewpoint - The announcement reveals that the actual controller of Liyuan Technology, Shen Wanzhong, has been sentenced for the crime of disclosing important information in violation of regulations, receiving a one-year prison term with a one-and-a-half-year suspension and a fine of 3.3 million RMB [2]. Group 1: Legal and Management Changes - Shen Wanzhong has resigned from his positions as chairman and director of Liyuan Technology following the court's judgment, and he will not hold any other positions in the company after his resignation [5]. - The court's ruling does not affect Shen Wanzhong's rights as a shareholder or the company's management and governance operations, and it is stated that there will be no significant adverse impact on the company's production and operations [5]. - Liyuan Technology held a board meeting on July 29 to approve the nomination of Shen Jiawen, Shen Wanzhong's daughter, as a non-independent director candidate, pending approval at the shareholders' meeting [7]. Group 2: Background Information on Shen Wanzhong and Shen Jiawen - Shen Wanzhong has a significant history in various companies, including serving as the chairman of Liyuan Technology since June 2014 and holding a 32.10% stake in the company as of the announcement date [5]. - Shen Jiawen, born in 1990, holds a master's degree in economics from the University of Southern California and dual bachelor's degrees in applied mathematics and economics from the University of California, Berkeley. She has served as the compliance and risk control head at Huatai-PineBridge Investment Management and is currently an assistant to the chairman of Liyuan Technology [8].

Core Viewpoint - The article discusses the succession of leadership at Zhejiang Haiyan Liyuan Environmental Technology Co., Ltd. (Liyuan Technology), highlighting the sudden transition of control from the founder to his daughter due to legal issues faced by the founder [1][3][12]. Group 1: Company Background - Liyuan Technology, listed on the Sci-Tech Innovation Board in 2021, specializes in technology-driven environmental water treatment systems for industries such as nuclear and thermal power plants, metallurgy, and chemicals [1]. - The company was founded on May 18, 1999, and has a registered capital of 802 million yuan [11]. Group 2: Leadership Transition - The founder and actual controller, Shen Wanzhong, resigned from his positions as chairman and director following a court ruling that sentenced him to one year in prison (with a one and a half year probation) for the crime of disclosing important information in violation of regulations [1][3][13]. - Shen Wanzhong's daughter, Shen Jiawen, who has a strong academic background, has been appointed as a non-independent director and is expected to take over as chairman [12][16]. Group 3: Legal Issues - Shen Wanzhong was previously placed under residential surveillance due to allegations of violating information disclosure regulations, which led to his eventual sentencing [5][15]. - The company faced administrative penalties in June 2023 for financial misconduct, including the premature recognition of project progress, which inflated revenue and profits [13][15]. Group 4: Current Ownership Structure - Despite his legal troubles, Shen Wanzhong remains the actual controller of Liyuan Technology, holding 32.10% of the company's shares [10][16].

Core Viewpoint - The company, Liyuan Technology, is facing significant governance issues following the conviction of its actual controller, Shen Wanzhong, for the crime of disclosing important information in violation of regulations, leading to his resignation and the nomination of his daughter as a new board member [2][8]. Group 1: Legal and Governance Issues - Shen Wanzhong was sentenced to one year in prison, with a one and a half year probation, and fined 3.3 million yuan for violating information disclosure laws [2][8]. - Following his conviction, Shen Wanzhong submitted his resignation from the positions of chairman and director of the company, and will not hold any other positions within the company [2][8]. - The board of directors has approved the nomination of Shen Jiawen, Shen Wanzhong's daughter, as a candidate for a non-independent director position [2][8]. Group 2: Company Background and Operations - Liyuan Technology specializes in the research, design, and integration of water treatment systems for various industries, including nuclear power, thermal power, metallurgy, and chemicals [4]. - The company has developed core technologies for hydrogen fuel cell engine systems and has achieved commercial delivery of several products [4]. - Liyuan Technology is one of the few suppliers capable of providing condensate water treatment systems for nuclear power units, including the domestically developed "Hualong One" nuclear power project [4]. Group 3: Financial Misconduct and Regulatory Actions - The company was previously found to have engaged in financial misconduct, including premature revenue recognition and misreporting of research and development expenses [5][6]. - In 2023, the China Securities Regulatory Commission initiated an investigation into Liyuan Technology for suspected violations of information disclosure laws, leading to penalties and fines for the company and its executives [6][8]. - The company was ordered to correct its practices and was fined 3 million yuan, while Shen Wanzhong and other executives received individual fines and warnings [6][8].

Mergers and Acquisitions - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. from Guangdong Xian Dao Rare Materials Co., Ltd. and raise supporting funds through share issuance [1] - *ST Haihua's subsidiary, Mangya Yuanxin Energy, intends to acquire 51% equity of Ruoqiang Yuanxin Energy for 4.2211 million yuan, constituting a related party transaction but not a major asset reorganization [2] - Zhongbei Communication has terminated its plan to acquire 55% equity of PT.Semesta Energi Services for 25 million USD due to unmet core delivery conditions, with no adverse impact on its current operating performance [3] Earnings Disclosure - Shijia Photon reported a net profit of 217 million yuan for the first half of 2025, a year-on-year increase of 1712%, with revenue of 993 million yuan, up 121.12% [4] - ST Shengtun's net profit for the first half of 2025 was 1.053 billion yuan, a decrease of 5.81%, while revenue increased by 20.94% to 13.804 billion yuan [5] - Enhua Pharmaceutical reported a net profit of 700 million yuan for the first half of 2025, up 11.38%, with revenue of 3.01 billion yuan, an increase of 8.93% [6] Shareholding Changes - Hainan Wenqin plans to reduce its stake in Lanfeng Biochemical by up to 2.61%, amounting to a maximum of 9.7956 million shares [7] - Guoshou Chengda intends to reduce its stake in Jiahe Meikang by up to 3%, totaling a maximum of 412.76 thousand shares [8] - Huaye Fragrance's controlling shareholder, Hua Wenliang, plans to reduce his stake by up to 3%, which is 2.2439 million shares [9] Risk Matters - Liyuan Technology's actual controller, Shen Wanzhong, was sentenced to one year in prison for violating information disclosure laws and has resigned from his positions in the company [10] - Huashi Technology announced that one of its actual controllers, Ye Jianbiao, has had the detention measures lifted, and the company's operations are normal [11]