Summary of Key Points Core Viewpoint - The average stock price of A-shares is 13.53 yuan, with 24 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.60 yuan [1] Group 1: Market Overview - As of September 15, the Shanghai Composite Index closed at 3860.50 points, with a notable presence of low-priced stocks in the market [1] - Among the 24 low-priced stocks, 13 are ST stocks, accounting for 54.17% of this group [1] Group 2: Performance of Low-Priced Stocks - In the low-priced stock category, 10 stocks increased in price, with Rongsheng Development leading at a rise of 10.29%, followed by Yingxin Development at 5.03% and ST Lingnan at 4.32% [1] - Conversely, 9 stocks experienced declines, with the most significant drop seen in Zitian Tui at 77.01%, followed by *ST Su Wu at 5.00% and *ST Gao Hong at 4.76% [1] Group 3: Detailed Low-Priced Stock Data - The table lists various low-priced stocks, including their latest closing prices, daily price changes, turnover rates, and industry classifications [1][2] - Notable low-priced stocks include: - *ST Gao Hong: 0.60 yuan, -4.76% change, Communication industry - Zitian Tui: 0.63 yuan, -77.01% change, Media industry - *ST Su Wu: 0.95 yuan, -5.00% change, Pharmaceutical industry [1]

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-121 大唐高鸿网络股份有限公司 关于公司股票存在可能因股价低于面值被终止上市的第三次风 险提示公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 特别提示： 根据《深圳证券交易所股票上市规则(2025 年修订)》第 9.2.1 条、第 9.2.3 条以及第 9.2.4 条的相关规定，在深圳证券交易所仅发行 A 股股票的上市公司， 首次出现股票收盘价低于人民币 1 元的，应当在次一交易日开市前披露公司股票 可能被终止上市的风险提示公告;出现连续 10 个交易日每日股票收盘价均低于 人民币 1 元的，应当在次一交易日开市前披露公司股票可能被终止上市的风险提 示公告，其后每个交易日披露一次，直至相应的情形消除或者出现终止上市情形 之日止（以在先者为准）。 公司已于 2025 年 9 月 2 日在巨潮资讯网披露了《关于公司股票存在可能因 股价低于面值被终止上市的风险提示公告》（公告编号：2025-108 ）。 公司已于 2025 年 9 月 15 日在巨潮资讯网披露了《关于公司股票存在可能因 股价 ...

New Stock Issuance - New stock issuance for 联合动力 (code: 301656) at a price of 12.48 on September 15, 2025[1] - *ST天茂 (code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - 紫天退 (code: 300280) has 14 trading days remaining until the last trading day during the delisting period[1] Market Alerts - 先导智能 (code: 300450) reported severe abnormal fluctuations[2] - 杭可科技 (code: 688006) and 新华锦 (code: 600735) have recent announcements regarding trading activities[1] - 退市整理期 for multiple stocks including *ST威尔 (code: 002058) and 新炬网络 (code: 605398) has been noted[1] Trading Insights - Significant trading activity observed in stocks like 工业富联 (code: 601138) and 景旺电子 (code: 603228) with recent announcements[1] - The report includes links to detailed announcements for various stocks, indicating ongoing market developments[1]

Group 1 - The article lists several companies under monitoring for stock price fluctuations, indicating a potential for investment opportunities or risks [1] - The monitoring periods for the companies vary, with some starting as early as August 22, 2025, and ending as late as September 26, 2025 [1] - Specific companies mentioned include 首开股份, 吉视传媒, 先导智能, 杭可科技, *ST高鸿, and 天普股份, each with designated monitoring dates [1] Group 2 - The monitoring dates for 首开股份 are from September 15, 2025, to September 26, 2025, with fluctuations starting on September 3, 2025 [1] - 吉视传媒 is under monitoring from September 15, 2025, to September 26, 2025, with the fluctuation date not disclosed [1] - 先导智能 has monitoring dates from September 12, 2025, to September 25, 2025, with fluctuations starting on August 29, 2025 [1] Group 3 - 杭可科技 is monitored from September 11, 2025, to September 24, 2025, with fluctuations starting on August 28, 2025 [1] - *ST高鸿 has monitoring dates from September 11, 2025, to September 24, 2025, with the fluctuation date not disclosed [1] - 天普股份 has two entries, one monitored from September 4, 2025, to September 17, 2025, with an undisclosed fluctuation date, and another from September 16, 2025, with fluctuations starting on August 22, 2025 [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its crackdown on financial fraud among listed companies, imposing significant penalties on multiple firms for financial misconduct, including forced delisting for some [2][5]. Group 1: Penalties and Companies Involved - Multiple companies, including *ST Dongtong, Lieneng 5 (formerly Yili Clean Energy), *ST Guangdao, ST Tiansheng, *ST Xinchao, and *ST Lingda, have been penalized for financial fraud, with *ST Dongtong and Lieneng 5 facing fines exceeding 100 million yuan [2][3]. - *ST Dongtong was fined 229 million yuan for inflating revenue and profits over four consecutive years, with additional penalties for seven responsible individuals totaling 44 million yuan, and the actual controller facing a 10-year market ban [3][5]. - Lieneng 5, which was delisted in July 2023, was fined 210 million yuan for financial fraud and misleading disclosures over an eight-year period, with penalties imposed on 29 responsible personnel totaling approximately 165 million yuan [4][6]. Group 2: Regulatory Environment and Enforcement - The CSRC has adopted a "zero tolerance" approach towards financial fraud, enhancing the enforcement of penalties and ensuring that both companies and their key personnel are held accountable [5][6]. - Over 70 individuals, including executives and board members, have faced penalties in connection with the financial misconduct of their companies, with some receiving lifetime bans from the securities market [5][6]. - The regulatory framework now includes measures for criminal liability, indicating that administrative penalties are only one aspect of the accountability process for financial fraud [6]. Group 3: Implications for the Market - The trend of increasing penalties and the potential for criminal charges are expected to deter financial misconduct and promote better compliance among listed companies [6]. - The ongoing enforcement actions are likely to lead to the removal of "bad actors" from the market, thereby improving overall corporate governance and compliance standards within the industry [6].

特别提示： 1.截至 2025 年 9 月 12 日，大唐高鸿网络股份有限公司(以下简称"公司") 股票收盘价格已经连续十个交易日均低于 1 元。根据《深圳证券交易所股票上市 规则》（以下简称《股票上市规则》）第 9.2.1 条、第 9.1.15 条相关规定，在 深交所仅发行 A 股股票的公司，通过深交所交易系统连续 20 个交易日的股票收 盘价均低于 1 元，深交所终止其股票上市交易；因触及交易类强制退市情形而终 止上市的股票不进入退市整理期。敬请广大投资者注意投资风险。 证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-118 大唐高鸿网络股份有限公司 关于公司股票存在可能因股价低于面值被终止上市的第二次风 险提示公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 根据《深圳证券交易所股票上市规则(2025 年修订)》第 9.2.1 条、第 9.2.3 条以及第 9.2.4 条的相关规定，在深圳证券交易所仅发行 A 股股票的上市公司， 首次出现股票收盘价低于人民币 1 元的，应当在次一交易日开市前披露公司股票 可能被终止上市的风险提示公 ...

1、大唐高鸿网络股份有限公司(以下简称"公司")，因涉嫌信息披露违法 违规，被中国证券监督管理委员会(以下简称"中国证监会")立案调查。公司于 2025 年 8 月 8 日收到中国证监会下发的《行政处罚事先告知书》(以下简称"《告 知书》")。根据《告知书》的认定，公司 2020 年非公开发行股票构成欺诈发行、 2015 年至 2023 年年度报告存在虚假记载，将触及《深圳证券交易所股票上市规 则》第 9.5.1 条第一项、第 9.5.2 条第一款第（六）项规定的重大违法强制退市 情形，可能被实施重大违法强制退市。 2、根据《深圳证券交易所股票上市规则》，如根据正式的处罚决定书结论， 公司触及重大违法强制退市情形，公司股票将被终止上市。 3、公司将全力配合中国证监会的相关工作，并积极行使听证或进行陈述、 申辩等合法权利，最终结果以中国证监会出具的正式处罚决定为准。敬请广大投 资者关注后续公告并注意投资风险。 一、公司股票可能被实施重大违法强制退市的风险暨立案调查进展情况 大唐高鸿网络股份有限公司 关于公司股票可能被实施重大违法强制退市的第六次风险提示 公告 本公司及董事会全体成员保证公告内容的真实、准确和完整 ...

Core Points - The average stock price of A-shares is 13.53 yuan, with 28 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.63 yuan [1] - Among the low-priced stocks, 13 are ST stocks, accounting for 46.43% of the total [1] - In terms of market performance, 20 of the low-priced stocks increased in value, with the highest gains from Xiangjiang Holdings, Rongsheng Development, and Yingxin Development, which rose by 10.11%, 10.06%, and 4.68% respectively [1] Low-Priced Stocks Summary - The lowest priced stock is *ST Gao Hong at 0.63 yuan, with a daily decline of 4.55% and a turnover rate of 18.65% [1] - Other notable low-priced stocks include *ST Su Wu at 1.00 yuan (up 3.09%), *ST Jin Ke at 1.41 yuan (down 2.76%), and Yongtai Energy at 1.49 yuan (up 2.76%) [1] - The table of low-priced stocks includes various sectors such as telecommunications, pharmaceuticals, real estate, coal, and steel [1][2]

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

大唐高鸿网络股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-116 2024 年 08 月 05 日，公司收到江苏省常州市中级人民法院寄来的《变更诉讼 请求申请书》；同日公司收到江苏省常州市新北区人民法院寄来的《追加被告及 变更诉讼请求申请书》及相关证据材料。 一、股票交易异常波动的情况介绍 大唐高鸿网络股份有限公司（以下简称："公司"或"本公司"）日均换手 率连续 1 个交易日与前 5 个交易日日均换手率比值已超过 30 倍，且累计换手率 已超 20%，根据深圳证券交易所相关规定，属于股票交易异常波动情况。 二、说明关注、核实情况 根据相关规定，公司与公司董事会、管理层、公司大股东就相关问题进行了 必要核实，现对有关核实情况及市场关注事项说明如下: 1.公司被中国证券监督管理委员会立案调查情况 公司于 2025 年 08 月 09 日披露了《关于收到中国证券监督管理委员会<行政 处罚事先告知书>及重大违法强制退市风险提示公告》、《关于公司股票可能被 ...