Summary of Key Points Core Viewpoint - On August 15, *ST Gao Hong experienced significant block trading, with a total of 1.8425 million shares traded, amounting to 3.1691 million yuan, which accounted for 68.99% of the total trading volume for the day, with the trading price remaining stable at 1.72 yuan, consistent with the market closing price [1]. Trading Details - The trading date was August 15, 2025, with the stock code 000851 for *ST Gao Hong, where the trading price was 1.72 yuan per share [2]. - The total trading volume for *ST Gao Hong was 184,250 shares, with a total transaction value of 316,910 yuan [1][2]. - The major buyers included firms such as Guotai Junan Securities and Donghai Securities, while the major sellers included Wanhe Securities and Guangfa Securities [2].

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-14 | 000851 | *ST高鸿 | 1.81 | 50.00 | 90.50 | 用兴证券有限公司 | 中信证券股份有限 | | | | | | | | 宁波和源路证券营 | 公司绍兴群贤路证 | | | | | | | | 北部 | 我们就给 | | 2025-08-14 | 000851 | *ST高鸡 | 1.81 | 50.00 | 90.50 | 方正证券股份有限 | 中信证券股份有限 | | | | | | | | 公司上海长宁区证 | 公司绍兴群贤路证 | | | | | | | | 安西路证券营业部 | 养营业部 | | 2025-08-14 | 000851 | *ST高鸿 | 1.81 | 35.16 | 63.64 | 东海证券股份有限 | 方正证券股份有限 | | | | | ...

New Stock Listings - Zhigao Machinery listed on August 14, 2025, with an issuance price of 17.41[1] - China Shipbuilding (stock code: 600150) has a buyout request period from August 13 to August 15, 2025[1] - Shinke Co. (stock code: 002633) has a tender offer period from July 29 to August 27, 2025[1] Tender Offers and Mergers - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (stock code: 601989) is involved in a merger announcement[1] Market Volatility - Longhua Technology (stock code: 603280) reported severe abnormal fluctuations[1] - Guochuang Gold Control (stock code: 002670) has been flagged for abnormal trading activity[1] - ST Keli Da (stock code: 600410) is also noted for significant price volatility[1]

一个多月内，中国证监会在其官网先后通报越博动力（现"越博退"）、 *ST高鸿两例财务造假案件 处理情况。除上市公司及直接责任人被依法严惩外，引发各方关注的是，配合造假的第三方也被同步追 责。 "第三方主体配合、串通上市公司实施造假，双方乃至多方形成利益链、'生态圈'，是近年来资本 市场财务造假的新特点，不仅扰乱市场秩序，且严重污染市场生态，必须予以严厉打击。"中国证监会 在通报中明确表示。 2024年以来，监管部门已多次明确严厉打击系统性造假和配合造假，并将第三方配合造假纳入惩治 范围，释放出严厉打击第三方造假的明确信号。 据《金融时报》记者不完全统计，今年内，因财务造假而被证监部门处罚或拟处罚的上市公司中， 8家涉及第三方公司配合虚构业务，包括ST诺泰、*ST苏吴、ST朗源、*ST广道、*ST恒久、*ST锦港、 ST智云、ST中青宝等。 第三方配合造假认定存诸多难点 梳理过往文件可以发现，第三方配合上市公司实施财务造假并非近年来才有的"新鲜"手段。据厦门 国家会计学院教授黄世忠统计，2019年至2023年，涉及客户、供应商、隐性关联方、金融机构等三方配 合造假的上市公司共计53家，多达541家第三方配合造假 ...

Group 1 - *ST Dongtong (Beijing Dongfang Tong Technology Co., Ltd.) announced that its actual controller and chairman, Huang Yongjun, received a notice from the CSRC regarding a formal investigation for suspected information disclosure violations [2] - Multiple executives from various companies, including ST Gaohong and Baiyunshan, are also under investigation for issues such as financial fraud and bribery [2][3] - The surge in investigations, with over 60 listed companies facing scrutiny, reflects both the disregard for investor interests by some executives and the increased regulatory enforcement by the CSRC [3] Group 2 - The CSRC has intensified its crackdown on violations, exemplified by a 160 million yuan fine against ST Gaohong and a 10-year market ban for its chairman [3] - Information disclosure violations, including false records and misleading statements, are identified as the core issues undermining the health of the A-share market [3][4] - The imbalance between the costs of violations and the potential short-term gains from financial fraud is a significant factor driving these illegal activities [4]

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-090 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。 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"）连续三个 交易日（2025 年 8 月 11 日、2025 年 8 月 12 日、2025 年 8 月 13 日）股票收盘 价格跌幅偏离值累计已超过 12%，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 2024 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 实施重大违法强制退市的风险提示公告》、《关于公司股票被叠加实施退市风险 警示的公告》,根据《行政处罚事先告知书》的认定，公司 2020 年非公 ...

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-089 大唐高鸿网络股份有限公司 关于新增累计诉讼、仲裁情况及已披露诉讼事项进展的公告 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。 大唐高鸿网络股份有限公司（以下简称"公司"）根据《深圳证券交易所股票上市 规则》等有关规定，对公司及控股子公司连续十二个月累计涉及诉讼、仲裁事项进行 了统计，公司在《证券时报》和巨潮资讯网（www.cninfo.com.cn）于 2024 年 07 月 18 日披露了《关于累计诉讼、仲裁情况的公告》（公告编号：2024-092）、2024 年 07 月 24 日披露了《关于累计诉讼、仲裁情况的进展公告》（公告编号：2024-094）、2024 年 08 月 07 日披露了《关于新增累计诉讼、仲裁情况的公告》（公告编号：2024-103）、 2024 年 08 月 15 日披露了《关于累计诉讼、仲裁情况的进展公告》（公告编号：2024- 108）、2024 年 09 月 28 日披露了《关于累计诉讼、仲裁情况的进展公告》（公告编 号：2024-134）、2024 ...

Summary of Key Points Core Viewpoint - *ST Gaohong experienced significant trading activity on August 13, with a total of 6 transactions on the block trading platform, amounting to 2.1824 million shares and a total transaction value of 4.1466 million yuan, with a consistent transaction price of 1.90 yuan per share [2] Trading Activity - In the last three months, *ST Gaohong has recorded a total of 20 block trades, with a cumulative transaction value of 17.2387 million yuan [2] - On August 13, the closing price of *ST Gaohong was 1.90 yuan, reflecting a decrease of 5.00% for the day, with a turnover rate of 0.12% and a total trading volume of 2.6423 million yuan [2] - The net outflow of main funds for the day was 1.6230 million yuan, and over the past five days, the stock has seen a cumulative decline of 14.03% with a total net outflow of 8.8349 million yuan [2] Margin Trading Data - The latest margin financing balance for *ST Gaohong is 383 million yuan, which has decreased by 25.9771 million yuan over the past five days, representing a decline of 6.35% [2]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 8月13日，*ST高鸿（维权）大宗交易成交218.24万股，成交额414.66万元，占当日总成交额的61.08%，成交价1.9元，较市场 收盘价1.9元持平。 | 交易日期 | 证券代码 | 让券简称 | 成交价格 | 成交軍 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-13 | 000851 | *ST高鸡 | 1.90 | 30.00 | 57.00 | 万和证券股份有限 | 华福证券有限责任 | | | | | | | | 公司广东分公司 | 公司漳浦金浦大道 | | | | | | | | | 证券营业部 | | 2025-0 ...

Market Overview - On August 13, the communication equipment sector rose by 6.06% compared to the previous trading day, with Guangku Technology leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers in Communication Equipment Sector - Guangku Technology (300620) closed at 79.30, up 20.01% with a trading volume of 281,600 shares and a transaction value of 2.204 billion [1] - Xinyi Technology (300502) closed at 236.56, up 15.45% with a trading volume of 601,100 shares and a transaction value of 13.529 billion [1] - Dingtong Technology (688668) closed at 115.36, up 13.10% with a trading volume of 111,200 shares [1] - Other notable gainers include Zhongji Xuchuang (300308) up 11.66%, Jiexun Feihong (300213) up 10.79%, and Tefa Information (000070) up 10.02% [1] Market Capital Flow - The communication equipment sector saw a net inflow of 2.48 billion from institutional investors, while retail investors experienced a net outflow of 6.38 billion [2] - The top stocks by net inflow from institutional investors include Tianfu Communication (300394) with a net inflow of 619 million, and ZTE Corporation (000063) with a net inflow of 313 million [3] Underperformers in Communication Equipment Sector - Dayhai Intelligent (002313) closed at 12.81, down 5.67% with a trading volume of 907,500 shares and a transaction value of 1.187 billion [2] - ST Gaohong (000851) closed at 1.90, down 5.00% with a trading volume of 13,900 shares [2] - Other underperformers include Cheng Tian Wei Ye (300689) down 4.73% and ST Lu Tong (300555) down 1.67% [2]