中证鹏元关于关注上海正帆科技股份有限公司 收到上海证监局警示函及上海证券交易所监管警示的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对上 海正帆科技股份有限公司（以下简称"正帆科技"或公司）及其发行 的下述债券开展评级。除评级委托关系外，中证鹏元及评级从业人员 与公司不存在任何足以影响评级行为独立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | 上一次评级结果 | | | | --- | --- | --- | --- | --- | | | | 主体等级 | 债项等级 | 评级展望 | | 正帆转债 | 2025/7/14 | AA | AA | 稳定 | 根据公司于 2026 年 1 月 20 日发布的公告，公司近期收到中国证 券监督管理委员会上海监管局（以下简称"上海证监局"）下发的《关 于对上海正帆科技股份有限公司采取出具警示函的决定》(沪证监决 〔2026〕13 号)，对公司采取出具警示函的监督管理措施，指出公司 存在以下问题：（1）公司执委会实际代行总经理会议职能，但公司 未规定执委会运作机制，亦未保存执委会相关的具体会议记录，缺乏 内部控制建立与实施过程的可验证性；（ ...

Group 1 - The core issue is that Zhengfan Technology received a warning letter from the Shanghai Securities Regulatory Bureau due to irregularities in the operation of the general manager's meetings and investment management, highlighting significant governance flaws within the company [1] - The company has not clearly defined the conditions, procedures, and participants for the general manager's meetings, leading to a lack of transparency and verifiability in internal decision-making processes [1] - There are deficiencies in the investment management system, with missing processes for external investments and post-investment management, which increases investment risks and reflects weak internal controls [1] Group 2 - Zhengfan Technology reported a decline in performance, with a 5.98% year-on-year decrease in operating revenue and a 78.50% year-on-year decrease in net profit attributable to shareholders for the first three quarters of 2025 [1] - The company stated that the warning letter will not affect its normal business operations, but it must reflect deeply on the lessons learned from this incident and improve relevant systems to ensure compliance and transparency in decision-making [2] - This incident serves as a warning to other listed companies, emphasizing the necessity for strict adherence to laws and regulations, and the importance of enhancing corporate governance structures to maintain investor trust and achieve long-term stable development [2]

1.总经理会议运作不规范。《上海正帆科技股份有限公司总经理工作细则》未规定总经理会议召开的条 件、程序和参加人员。执委会实际代行总经理会议职能，但正帆科技未规定执委会运作机制，亦未保存执委会 相关的具体会议记录，缺乏内部控制建立与实施过程的可验证性。 以上不符合《上市公司章程指引》（证监会公告〔2019〕10号）第一百三十条第一项、《上市公司章程指 引》（证监会公告〔2022〕2号）第一百三十条第一项、《上市公司章程指引》（证监会公告〔2023〕62号） 第一百三十条第一项、《上市公司章程指引》（证监会公告〔2025〕6号）第一百四十六条第一项、《企业内 部控制基本规范》（财会〔2008〕号）第四十七条的规定。 2.投资管理不规范。正帆科技制度未能覆盖实际开展的投资活动，缺失对外投资实施流程、投后管理、投 资收回、未达董事会审议标准的投资事项审批权限、执委会审议投资事项机制等内容。执委会审议投资事项无 会议记录，个别亏损投资项目清算方案审议过程无具体记录。 中国经济网北京1月20日讯 正帆科技（688596.SH）昨晚发布关于收到上海证监局警示函的公告。正帆科 技于近日收到中国证券监督管理委员会上海监管局下发 ...

Group 1: Poly Development - Poly Development expects a net profit of 1.026 billion yuan for 2025, a decrease of 79.49% year-on-year [1] - The net profit excluding non-recurring gains and losses is projected to be 628 million yuan, down 85.25% year-on-year [1] - The decline in performance is attributed to a decrease in gross profit margin from real estate project transfers and an estimated asset impairment loss of approximately 6.9 billion yuan [2] Group 2: Huichuan Technology - Huichuan Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and brand image [3] Group 3: Guizhou Platinum Industry - Guizhou Platinum Industry's non-public stock issuance has been approved, aiming to raise up to 1.291 billion yuan for technology innovation and working capital [4] Group 4: Yingfang Micro - Yingfang Micro intends to acquire 100% of Shanghai Xiaokeli and First Technology China through a combination of share issuance and cash payment [5][6] Group 5: ST New Power - ST New Power received a regulatory letter from the Shenzhen Stock Exchange due to inconsistencies in the voting results of a recent shareholder meeting [7] Group 6: Zhengfan Technology - Zhengfan Technology received a warning letter from the Shanghai Securities Regulatory Bureau for irregularities in its management and investment operations [8] Group 7: Trina Solar - Trina Solar expects a net loss of 6.5 billion to 7.5 billion yuan for 2025, impacted by supply-demand imbalances and rising raw material costs [9] Group 8: China Great Wall - China Great Wall anticipates a net loss of 35 million to 70 million yuan for 2025, although it expects to significantly reduce its losses compared to the previous year [10] Group 9: Liangpin Shop - Liangpin Shop forecasts a net loss of 120 million to 160 million yuan for 2025, with losses widening due to store closures and reduced product prices [11] Group 10: Sun Energy - Sun Energy expects a net profit of 182 million to 259 million yuan for 2025, a decrease of 81% to 87% year-on-year, primarily due to falling coal prices [12] Group 11: Chengdu Huami - Chengdu Huami anticipates a net profit of 213 million to 255 million yuan for 2025, an increase of 74.35% to 108.73% year-on-year, driven by increased demand in the special integrated circuit industry [13][14] Group 12: Shui Jing Fang - Shui Jing Fang expects a net profit of 392 million yuan for 2025, a decrease of 71% year-on-year, due to a challenging environment in the liquor industry [15] Group 13: Xian Dao Ji Dian - Xian Dao Ji Dian projects a net loss of 138 million to 92 million yuan for 2025, a shift from a profit of 108 million yuan in the previous year [16] Group 14: Tian Tong Co. - Tian Tong Co. expects a net loss of 120 million to 170 million yuan for 2025 [17] Group 15: Hunan YN - Hunan YN anticipates a net profit of 1.15 billion to 1.4 billion yuan for 2025, a growth of 93.75% to 135.87% year-on-year, driven by the rapid development of the new energy vehicle market [18] Group 16: Qi Yi Er - Qi Yi Er forecasts a net loss of 350 million to 550 million yuan for 2025 [19] Group 17: Ding Long Co. - Ding Long Co. expects a net profit of 700 million to 730 million yuan for 2025, an increase of 34.44% to 40.20% year-on-year, supported by strong growth in semiconductor and display materials [20] Group 18: Wan Tong Development - Wan Tong Development anticipates a net loss of 500 million to 750 million yuan for 2025, with losses widening due to strategic shifts and impairment losses [21] Group 19: Hua Ce Testing - Hua Ce Testing expects a net profit of 1.013 billion to 1.021 billion yuan for 2025, a growth of 10% to 11% year-on-year, driven by strategic advancements and operational improvements [22] Group 20: Nanwang Energy - Nanwang Energy projects a net profit of 300 million to 360 million yuan for 2025, marking a turnaround from a loss in the previous year [24] Group 21: Fang Da Carbon - Fang Da Carbon anticipates a net profit of 60.44 million to 101 million yuan for 2025, a decrease of 45.85% to 67.51% year-on-year [25] Group 22: Datang Telecom - Datang Telecom expects a net loss of 39 million to 56 million yuan for 2025 [26] Group 23: Huajian Group - Huajian Group forecasts a net profit of 62 million to 80.6 million yuan for 2025, a decrease of 79.4% to 84.2% year-on-year, due to competitive pressures [27] Group 24: Shanghai Petrochemical - Shanghai Petrochemical expects a net loss of approximately 1.289 billion to 1.576 billion yuan for 2025, a shift from profit due to declining oil prices and reduced demand [28] Group 25: Jiangzhong Pharmaceutical - Jiangzhong Pharmaceutical has changed its name to Huaren Jiangzhong Pharmaceutical, with the stock code remaining the same [29] Group 26: Hebang Bio - Hebang Bio anticipates a net loss of 470 million to 570 million yuan for 2025 [30] Group 27: Mingtai Aluminum - Mingtai Aluminum expects a net profit of 1.95 billion to 2 billion yuan for 2025, a growth of 12% to 14% year-on-year, driven by advancements in low-carbon products [31]

面对每天上千份上市公司公告该看哪些？重大事项公告动辄几十页几百页重点是啥？公告里 一堆专业术语不知道算利好还是利空？请看智通财经公司新闻部《速读公告》栏目，我们派 驻全国的记者们将于公告当晚为您带来准确、快速、专业的解读。 业绩方面，正帆科技2021-2024年度营收皆保持增长。不过2025年前三季度业绩有所下滑，报告期内营 业收入为32.92亿元，同比下降5.98%；归母净利润为7130.26万元，同比下降78.50%。 对此，正帆科技指出，三季报业绩变动主要有三个原因：第一是市场竞争态势激烈；第二，公司新建产 能的集中落地导致固定资产折旧摊销费用增加，以及新投产项目的人员储备带来了人力成本增长；第 三，报告期内的股份支付费用、发行可转债等导致财务费用同比大幅增加。 具体来看，一方面，正帆科技总经理会议运作不规范。《上海正帆科技股份有限公司总经理工作细则》 未规定总经理会议召开的条件、程序和参加人员。执委会实际代行总经理会议职能，但公司未规定执委 会运作机制，亦未保存执委会相关的具体会议记录，缺乏内部控制建立与实施过程的可验证性，不符合 《上市公司章程指引》、《企业内部控制基本规范》等相关规定。 另一方面， ...

| 证券代码：688596 | 证券简称：正帆科技 | 公告编号：2026-003 | | --- | --- | --- | | 转债代码：118053 | 转债简称：正帆转债 | | 上海正帆科技股份有限公司 关于收到上海证监局警示函的公告 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、准确性和完整性依法承担法律责任。 上海正帆科技股份有限公司（以下简称"正帆科技"或"公司"）于近日收 到中国证券监督管理委员会上海监管局下发的《关于对上海正帆科技股份有限公 司采取出具警示函的决定》（沪证监决〔2026〕13号），现将有关情况公告如下： 以上不符合《企业内部控制基本规范》（财会〔2008〕7号）第四条第一项 及第二项、第四十七条、《企业内部控制应用指引第6号——资金活动》（财会 〔2010〕11号）第十七条第一款的规定。 为维护市场秩序，规范上市公司运作，根据《中华人民共和国证券法》第一 百七十条第二款，我局决定对你公司采取出具警示函的监督管理措施。 如对本监督管理措施不服，可以在收到本决定书之日起60日内向中国证券监 督管理委员会提出行政复议申请，也 ...

格隆汇1月19日｜正帆科技公告，于近日收到中国证券监督管理委员会上海监管局下发的《关于对上海 正帆科技股份有限公司采取出具警示函的决定》。公司高度重视《警示函》指出的问题，将认真总结、 吸取教训，后续公司将切实加强对《上市公司章程指引》《企业内部控制基本规范》等相关证券法律法 规及规范性文件的学习，不断提升公司的规范运作水平，切实维护公司及全体股东的利益。本次收到 《警示函》事项不会影响公司的正常经营管理活动。公司将严格按照有关规定、努力做好经营管理和规 范治理的各项工作。敬请广大投资者注意投资风险。 ...

正帆科技公告，公司于近日收到中国证券监督管理委员会上海监管局下发的《关于对上海正帆科技股份 有限公司采取出具警示函的决定》。《警示函》指出，公司存在总经理会议运作不规范、投资管理不规 范问题。本次收到《警示函》事项不会影响公司的正常经营管理活动。公司将严格按照有关规定、努力 做好经营管理和规范治理的各项工作。 ...

Group 1 - The specialized equipment sector increased by 0.52% on January 16, with Hu Ning Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Hu Ning Co., Ltd. saw a closing price of 29.51, with a significant increase of 15.50% and a trading volume of 111,000 shares, amounting to a transaction value of 322 million yuan [1] Group 2 - The specialized equipment sector experienced a net inflow of 5.9259 million yuan from institutional investors, while retail investors saw a net inflow of 90.3058 million yuan [2] - Major stocks in the sector showed varied performance, with some experiencing significant declines, such as Nanxing Co., Ltd. which fell by 10.01% [2] - The data indicates a mixed sentiment among investors, with institutional funds showing a net outflow while retail investors were net buyers [2][3]

Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index at 4104.22 points, down 0.20% and trading below the five-day moving average, while the total trading volume is 25,230.04 billion yuan [1]. Group 1: Market Performance - As of 1:59 PM, the Shanghai Composite Index is at 4104.22 points, reflecting a decrease of 0.20% [1]. - The total trading volume in the A-share market is reported at 25,230.04 billion yuan [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 778 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Tianyue Advanced (乖离率 15.31%) with a price increase of 20.00% [1]. - Fusa Technology (乖离率 15.11%) also increased by 20.00% [1]. - Huning Co. (乖离率 15.00%) with a 20.00% rise [1]. - Other stocks with smaller deviation rates include: - Weibohydraulic, Jinyinhe, and Ecovacs, which have just crossed the five-day moving average [1].