Core Viewpoint - Four listed companies, including Ruibeka, *ST Wanfang, Taiyuan Heavy Industry, and *ST Mubang, have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [1][2]. Group 1: Ruibeka - Ruibeka and its controlling shareholder received a notice from the CSRC for suspected violations of information disclosure laws [3]. - The company, known as the "wig first stock," has a market value of 4.2 billion yuan and has been named by regulators twice this year [4][5]. - The company was found to have five violations, including failure to disclose non-operating fund transactions with related parties and insufficient provision for inventory impairment [6][7]. - Ruibeka reported a net loss of 118 million yuan for 2024 and failed to disclose its performance forecast within the required timeframe, leading to further regulatory actions [8]. Group 2: *ST Wanfang - *ST Wanfang announced it is under investigation by the CSRC for suspected information disclosure violations [9]. - The company faced public condemnation from the Shenzhen Stock Exchange for failing to timely disclose significant events and inaccurate performance forecasts [10]. - The company revised its 2024 performance forecast multiple times, ultimately reporting a net profit of 10.65 million yuan but a net loss of 4.6 million yuan after adjustments [11]. - The company is also facing potential changes in control due to a court decision to auction off shares held by its major shareholder [12]. Group 3: Taiyuan Heavy Industry - Taiyuan Heavy Industry received a notice from the CSRC for suspected information disclosure violations [12]. - The controlling shareholder plans to increase its stake in the company by investing between 80 million and 160 million yuan within the next 12 months [13]. - The company has not faced recent administrative penalties, with the last warning dating back to the end of 2023 for failing to disclose significant transactions and financial inaccuracies [14][15]. Group 4: *ST Mubang - *ST Mubang is under investigation by the CSRC for suspected false disclosures in its financial reports [16][17]. - The company has been flagged for multiple violations, including accounting errors and improper use of raised funds, with significant amounts of non-operating fund occupation reported [19]. - The controlling shareholder is facing financial difficulties, with a debt-to-asset ratio of 121.64% and zero revenue reported in the past year [21].

Group 1: Company Announcements - Guangshen Railway signed a cooperation agreement for the Guangzhou East Station renovation project with a total investment of approximately 16.66 billion yuan, including a reconstruction compensation investment of about 2.228 billion yuan [1] - Fushun Special Steel announced that Ningbo Meishan Bonded Port Area Jincheng Shazhou intends to make a partial tender offer to acquire 5% of the company's shares at a price of 5.6 yuan per share [2] - China Duty Free Group reported a net profit of 2.6 billion yuan for the first half of 2025, a year-on-year decrease of 20.81%, with total operating revenue of 28.151 billion yuan, down 9.96% [3] - Gaozheng Mining announced that its controlling shareholder, Cangjian Group, reduced its shareholding by 2.76 million shares, bringing its stake down to 57.6% [4] - Sanfeng Intelligent reported that its director Chen Wei is under investigation, but the company's operations remain normal [5] - Guangsheng Group's innovative hepatitis B treatment drug GST-HG141 has successfully enrolled its first participant in a Phase III clinical trial [6] - Western Gold announced plans to acquire 100% of Xinjiang Meisheng for 1.655 billion yuan, with a premium of 1421.66% over the book value [7] - Huqin Technology announced that shareholders holding more than 5% plan to reduce their holdings by up to 4% of the company's shares [8] - Dongshan Precision's subsidiary plans to invest up to 1 billion USD in a high-end printed circuit board project [10] - Yitian Intelligent plans to jointly invest in a private equity fund focusing on artificial intelligence and computing power, with a total subscription amount of 2 billion yuan [11] - *ST Wanfang is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [12] - Ruibeka and its controlling shareholder are also under investigation by the CSRC for similar reasons [13] - BioShares' subsidiary received clinical trial approval for a cat infectious peritonitis mRNA vaccine [14] - Ruipu Bio received the first clinical trial approval for an mRNA vaccine for economic animals in China [15] - Shengke Communication announced that a major fund plans to reduce its holdings by up to 3% of the company's shares [16] - ShenKai Co. announced a capital increase of 15 million yuan in Shandong Future Robotics, a deep-sea operation robot company [18] - Shouchuang Securities plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance capital strength [19] Group 2: Financial Performance - Western Mining reported a net profit of 1.869 billion yuan for the first half of the year, a year-on-year increase of 15% [20] - Digital Certification expects a loss of 80 million to 96 million yuan for the first half of the year [21] Group 3: Major Contracts and Share Buybacks - China Communications Construction Company signed new contracts worth 991.054 billion yuan in the first half of the year, a year-on-year increase of 3.14% [22] - Zhejiang Communications Technology's subsidiary won two projects totaling over 3.4 billion yuan [23] - Feilong Co. received a notification from SAIC Motor for a designated sales agreement, expecting sales revenue of over 400 million yuan during its lifecycle [24] - Liuyuan Group plans to repurchase shares worth 100 million to 200 million yuan [25] - Meikailong's shareholders plan to reduce their holdings by no more than 3.0011% of the company's shares [26]

Core Viewpoint - *ST WanFang is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations, following inaccurate earnings forecasts and subsequent penalties from the Shenzhen Stock Exchange [1][3][6]. Group 1: Regulatory Actions - On July 25, *ST WanFang announced it received a notice from the CSRC regarding the initiation of an investigation for suspected information disclosure violations [1]. - The Shenzhen Stock Exchange publicly reprimanded *ST WanFang and its executives for failing to provide accurate and complete earnings forecasts for the fiscal year 2024 [3][6]. Group 2: Financial Performance and Forecasts - In the initial earnings forecast on January 24, 2025, *ST WanFang estimated a net profit of 20 million to 25 million yuan, with a non-recurring profit of 3 million to 4.5 million yuan, but did not provide revenue estimates [5]. - A correction on April 18 revised the revenue forecast to 380 million to 400 million yuan, with a net profit adjustment to 10 million to 15 million yuan, indicating a potential loss of 4 million to 6 million yuan in non-recurring profits [5]. - The annual report released on April 28 showed actual revenue of 391 million yuan, a net profit of approximately 10.65 million yuan, and a non-recurring profit loss of about 4.6 million yuan, leading to a risk warning for delisting [5]. Group 3: Company Overview - *ST WanFang primarily operates in the agriculture and military industries, with agricultural products including raw grains and feed corn, and military services focusing on precision processing and special welding for aerospace and defense sectors [6]. - As of July 25, *ST WanFang's stock price was 4.3 yuan per share, with a total market capitalization of 1.3 billion yuan [6].

Core Viewpoint - *ST WanFang is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a formal case being opened against the company [2]. Group 1: Regulatory Actions - On July 1, the Shenzhen Stock Exchange publicly reprimanded *ST WanFang and related parties for inaccurate performance forecasts [5][6]. - The CSRC issued a notice of investigation to *ST WanFang on July 25, indicating ongoing scrutiny of the company's compliance with disclosure regulations [2][4]. Group 2: Performance Forecast Issues - On January 24, 2025, *ST WanFang initially forecasted a net profit of 20 million to 25 million yuan for 2024, with a non-recurring profit of 3 million to 4.5 million yuan, without estimating revenue [9]. - A correction on April 18 revealed a revenue estimate of 380 million to 400 million yuan, with a revised net profit forecast of 10 million to 15 million yuan, and a projected loss of 4 million to 6 million yuan for non-recurring profit [9]. - The annual report released on April 28 showed actual revenue of 391 million yuan, a net profit of 10.65 million yuan, and a non-recurring loss of 4.6 million yuan, leading to a risk warning for potential delisting [9][10]. Group 3: Company Overview - *ST WanFang primarily operates in agriculture and military industries, with agricultural products including raw grains and feed corn, and military services focusing on precision processing and special welding for aerospace and defense sectors [11]. - As of July 25, the stock price of *ST WanFang was 4.3 yuan per share, with a total market capitalization of 1.3 billion yuan [12].

恒瑞医药(600276)公告拟收购控股子公司少数股东股权，即公司拟以现金4001.44万元，收购刘疆等9人 合计持有的成都盛迪医药有限公司（简称"成都盛迪"）约1.46%股权。交易完成后，公司将持有成都盛 迪97.37%股权。此次交易有利于优化控股子公司股权结构。 7月25日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者参 考。 【品大事】 三丰智能：公司董事陈巍被监察立案并实施管护 三丰智能(300276)公告，公司当日收到瑞安市监察委员会工作电话通知，公司董事陈巍被监察立案并实 施管护。截至目前，公司各项生产经营活动正常进行，该事项不会对公司董事会运作及日常经营活动产 生重大影响。 上海医药：拟1.43亿元收购上实集团财务公司10%股权 上海医药(601607)公告，公司拟以1.43亿元收购上海实业东滩投资开发（集团）有限公司持有的上海上 实集团财务有限公司10%股权。交易完成后，公司持有财务公司的股权比例由30%增加至40%，不会导 致公司合并报表范围发生变更。收购财务公司股权后，公司可加强对财务公司重大事项决策的控制力， 同时进一步获得稳定充足的投资回报。 西部黄金： ...

万方城镇投资发展股份有限公司 证券代码：000638 证券简称：*ST万方 公告编号：2025-049 关于收到中国证券监督管理委员会立案告知书的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 万方城镇投资发展股份有限公司（以下简称"公司"）于 2025 年 7 月 25 日 收到中国证券监督管理委员会（以下简称"中国证监会"）下发的《中国证券监 督管理委员会立案告知书》（证监立案字 0202025009 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立案。 截至目前，公司经营状况正常。立案调查期间，公司将积极配合中国证监会 的各项工作，并持续关注上述事项的进展情况，严格按照规定及监管要求履行信 息披露义务。 公司指定《证券时报》《中国证券报》《上海证券报》《证券日报》及巨潮 资讯网（http://www.cninfo.com.cn）为公司指定的信息披露媒体，公司所有信息 均以在上述指定媒体刊登的信息为准，请广大投资者理性投资，注意投资风险。 特此公告。 万方城镇投资发展股份有 ...

智通财经7月25日电，*ST万方(000638.SZ)公告称，公司于2025年7月25日收到中国证监会下发的《立案 告知书》，因涉嫌信息披露违法违规，中国证监会决定对公司立案。目前公司经营状况正常，将积极配 合中国证监会的各项工作，并持续关注上述事项的进展情况，严格履行信息披露义务。 *ST万方：因涉嫌信息披露违法违规 被证监会立案调查 ...

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding operational changes, financial performance, and potential risks. Group 1: Company Announcements - Zhongjin Gold announced the suspension of operations at its Inner Mongolia mining subsidiary following a tragic incident where six students drowned during a site visit [3] - China Power Construction is involved in the Yarlung Tsangpo River downstream hydropower project, but the long construction cycle introduces uncertainty regarding its future financial impact [4][5] - Su Bote's stock has seen a significant increase, with its rolling P/E ratio at 55.52, well above the industry average of 19.61, prompting a warning about trading risks [6] - Agricultural Bank of China successfully issued a total of 600 billion yuan in secondary capital bonds, with two different maturities and interest rates [7] - Nanjing Xinbai's major assets are under judicial freeze due to liquidity issues faced by its controlling shareholder [8] - Time Space Technology's stock is suspended as the controlling shareholder plans a change in control [9] - Pioneer New Materials and its former controlling shareholder are under investigation by the China Securities Regulatory Commission for information disclosure violations [10] - *ST Wanfang faces risks of change in control as its major shareholder's stock is subject to auction [11] - ST Xia Chuang plans to publicly transfer 20% of its stake in a subsidiary to optimize its asset structure [12] - Saiwei Microelectronics is planning to transfer up to 18% of its shares through an agreement, without affecting control [13] - Hailun Piano's controlling shareholder is set to change, with a new entity becoming the largest shareholder [14] - Yuanli Co. intends to acquire 100% of Tongsheng Co. to enhance its strategic business layout in silica [15][16] - Zhongtung High-tech is focusing on opportunities in the Yarlung hydropower market [17] - Shen Shui Planning Institute is monitoring developments in the Yarlung hydropower project but is not currently involved [18] - *ST Baoying plans to transfer 50.1% of its stake in a subsidiary to optimize resource allocation [19] Group 2: Financial Performance - Zhimingda reported a net profit of 38.298 million yuan for the first half of 2025, a year-on-year increase of 2147.93% [20] - Leshan Electric Power's net profit for the first half of 2025 was 7.9031 million yuan, down 14.55% year-on-year, attributed to new pricing policies and increased costs [21][22] - Sainuo Medical expects a net profit of 13.84 million yuan for the first half of 2025, a 296.54% increase year-on-year, driven by strong sales of its coronary stent products [23] - China Haisong reported a net profit of 152 million yuan for the first half of 2025, up 8.52% year-on-year [24] Group 3: Shareholding Changes - Beitaini's shareholder plans to reduce its stake by up to 2% [25] - Yaoji Technology's controlling shareholder intends to reduce their stake by up to 3% [26] - Adit's major shareholder plans to reduce their stake by up to 3% [27] - Zhonghuan Environmental Protection's specific shareholder did not execute its planned share reduction [31] - Zhangyue Technology's major shareholder plans to reduce their stake by up to 3% [37] Group 4: Buybacks and Financing - Gaon Environment plans to repurchase shares worth between 100 million and 150 million yuan [38] - Quanzhu Co. intends to raise no more than 180 million yuan through a private placement for AI-related projects [39]

Group 1 - Su Bote's latest rolling P/E ratio is 55.52 and P/B ratio is 1.28, significantly higher than the industry averages of 19.61 and 0.81 respectively [3] - Agricultural Bank completed the issuance of 600 billion yuan in secondary capital bonds, with two types: 400 billion yuan fixed-rate bonds at 1.92% for 10 years and 200 billion yuan fixed-rate bonds at 2.12% for 15 years [4] - Nanjing Xinbai's major assets are frozen due to liquidity debt crisis faced by its controlling shareholder, but the company's operations remain normal [5] - Time Space Technology's stock is suspended as the controlling shareholder is planning a change in control [6] - Pioneer New Materials and its former controlling shareholder are under investigation by the CSRC for information disclosure violations, but it will not adversely affect the company's operations [7] - *ST Wan Fang's major shareholder's stock auction was canceled, indicating ongoing risks of control change [8] Group 2 - Zhimingda reported a net profit of 38.298 million yuan for the first half of 2025, a year-on-year increase of 2147.93% [10] - Leshan Electric's net profit for the first half of 2025 was 7.9031 million yuan, a decrease of 14.55% year-on-year, attributed to new pricing policies and increased costs [12] - Sainuo Medical expects a net profit of 13.84 million yuan for the first half of 2025, a year-on-year increase of 296.54%, driven by increased sales of coronary stents and balloons [13] Group 3 - Zhongqi New Materials' subsidiary signed a mining rights transfer contract, increasing the mining production capacity from 20 million tons/year to 40 million tons/year [15] - Zhonghuan Environmental Protection's major shareholder did not execute its planned share reduction of up to 15.0583 million shares by the deadline [17] - Zhangyue Technology plans to reduce its holdings by up to 438,900 shares, not exceeding 1% of the total share capital [18]

证券代码：000638 证券简称：*ST 万方 公告编号：2025-048 万方城镇投资发展股份有限公司 关于股票交易异常波动的公告 本公司及其董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 二、公司关注并核实相关情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并函询了公司控 股股东及实际控制人，现就有关情况说明如下： 1、公司未发现近期公共传媒有报道可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 2、公司目前经营情况正常，内外部经营环境未发生重大变化。 3、截至目前，公司、控股股东和实际控制人不存在关于公司的应披露而未披 1 / 3 露的重大事项，或处于筹划阶段的重大事项。 4、股票异动期间，未发生公司控股股东、实际控制人买卖公司股票的行为。 特别提示： 2025 年 7 月 21 日，公司通过淘宝网司法拍卖网络平台查询获悉，原定于 2025 年 7 月 22 日 10 时起至 2025 年 7 月 23 日 10 时止（延时的除外）在淘宝网司法 拍卖网络平台上对公司大股东万方源所持公司股票 90,860,000 股（占其所持有公 司股份比例 ...