8月20日，*ST高鸿大宗交易成交189.98万股，成交额279.28万元，占当日总成交额的47.56%，成交价 1.47元，较市场收盘价1.47元持平。 | 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) | | | | 2025-08-20 | 000851 | *ST高鸡 | 1.47 | 40.00 | 58.80 | 角兴证券有限公司 | 方正证券股份有限 | | | | | | | | 宁波和源路证券营 | 公司北京回龙观西 | | | | | | | | 非常 | 大街证券营业部 | | 2025-08-20 | 000851 | *ST高鸿 | 1.47 | 50.00 | 73.50 | 东海证券股份有限 | 国元证券股份有限 | | | | | | | | 公司南京分公司 | 公司南京建邺路证 | | | | | | | | | 劳营业部 | | 2025-08-20 ...

Core Viewpoint - Recent incidents of information disclosure violations and arrests of executives in A-share listed companies have raised concerns about corporate governance and compliance in the market [2][3][4]. Group 1: Executive Arrests and Investigations - Multiple companies, including Keda Data, Kesi Technology, Tianyu Digital Science, and others, have announced significant issues, with executives facing investigations and arrests for various offenses [2][3]. - In August alone, six A-share listed companies reported issues with their core management, involving detention, arrest, and other coercive measures [3]. Group 2: Information Disclosure Violations - Four companies, including *ST Dongtong and *ST Gaohong, have been flagged for serious information disclosure violations, with some facing the risk of forced delisting due to major legal infractions [4][6]. - *ST Gaohong was found to have inflated revenue by nearly 20 billion and was fined 135 million, with several executives penalized [5]. - *ST Dongtong has been investigated twice this year for financial misreporting, facing high delisting risks [6]. Group 3: Company-Specific Issues - Jihua Group has been investigated for repeated information disclosure violations, indicating a pattern of non-compliance [7]. - Haosai has faced scrutiny for failing to disclose the arrest of its controlling shareholder and is under investigation for alleged bribery [8]. - As of August 19, the total market capitalization of the companies involved in these incidents is approximately 128.7 billion [9].

Market Overview - Major market indices opened lower, with the Shanghai Composite Index down 0.28% at 3716.68 points, the Shenzhen Component Index down 0.61% at 11749.99 points, and the ChiNext Index down 1.14% at 2572.01 points [1]. Stock Performance - A total of 1167 stocks rose at the opening, with newly listed stock N Hongyuan surging 305.67% at the open. There were 9 stocks hitting the daily limit up, including *ST Aowei with 11 consecutive limit ups, Kosen Technology with 4 consecutive limit ups, and ST Dongshi with 3 limit ups in 4 days [1]. - Conversely, 3502 stocks opened lower, with 2 stocks, *ST Gaohong and *ST Nanzhi, hitting the daily limit down [1]. Price Continuity - Among the stocks that hit the limit up yesterday, those that continued to hit the limit up today included Kosen Technology and Shimao Energy, totaling 6 stocks. Stocks that opened lower included Zhongheng Electric, Haili Shares, and Jimin Health, with declines of 8.29%, 5.52%, and 5.19% respectively [1]. - Stocks that hit the limit down yesterday and continued to do so today included *ST Gaohong and *ST Nanzhi [1].

8月19日，衡财保·炜衡金融315团队律师向投资快报记者表示，目前初步判断在2016年3月22日至2024年 7月30日（含当日）期间买入，并在2024年7月31日卖出或仍持有*ST高鸿的受损投资者，可以提出索赔 （最终索赔条件须以法院认定为准）。 令人震惊的是，*ST高鸿有着长达9年的巨额财务造假，虚增营业收入近200亿。具体来看，*ST高鸿通 过参与、组织开展虚假贸易业务的方式虚增收入和利润，2015年至2023年年度报告存在虚假记载。2015 年至2021年，*ST高鸿通过子公司北京大唐高鸿科技发展有限公司参与南京庆亚贸易有限公司实际控制 人江庆组织开展的笔记本电脑虚假贸易业务。该业务供应商和客户均由江庆联系撮合，业务资金、合 同、物流单据流转形成闭环，无实际货物流转，相关交易不具有商业实质。此外，2018年和2020年，高 鸿股份通过子公司北京大唐高鸿数据网络技术有限公司和高鸿恒昌科技有限公司组织开展IT系统等产品 虚假贸易业务。 2025年8月18日，大唐高鸿网络股份有限公司（*ST高鸿，证券代码：000851）发布股票可能被实施重 大违法强制退市的第二次风险提示公告。*ST高鸿此前因涉嫌信息披露违 ...

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-092 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"）连续两个 交易日（2025 年 8 月 15 日、2025 年 8 月 18 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 年非公开发行股 票构成欺诈发行、2015 ...

8月18日，*ST高鸿大宗交易成交159.99万股，成交额260.78万元，占当日总成交额的66.21%，成交价1.63元，较市场收盘价 1.63元持平。 | 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) | | | | | 2025-08-18 | 000851 | *ST高鸡 | 1.63 | 30.00 | 48.90 | 东海证券股份有限 | 开源证券股份有限 | | | | | | | | 公司南京分公司 | 公司安徽分公司 | | 2025-08-18 | 000851 | *ST高鸿 | 1.63 | 50.00 | 81.50 | 广发证券股份有限 | 广发证券股份有限 | | | | | | | | 公司广州中山三路 | 公司广州中山三路 | | | | | | | | 中华广场证券营业 | 中华广场证券营业 | | 2025-08-18 | 000851 | *ST高鸿 ...

Core Viewpoint - The company, 大唐高鸿网络股份有限公司, is facing potential delisting due to serious violations, including fraudulent issuance of shares and inflated financial reports, as determined by the China Securities Regulatory Commission (CSRC) [1][2]. Group 1: Risk of Delisting - The company has been investigated by the CSRC for suspected violations of information disclosure laws, which may lead to a significant illegal forced delisting [1][2]. - The company reported inflated revenues from 2015 to 2023, with discrepancies amounting to 6.94 billion, 24.52 billion, 24.20 billion, and others, representing 9.34%, 28.27%, 26.97%, 35.18%, 49.38%, 35.38%, and 21.11% of the reported revenues for those years [1]. - The inflated profit figures for the same period included amounts of 67.36 million, 243.88 million, 242.24 million, and others, constituting 0.42%, 1.44%, 0.99%, 13.56%, 64.88%, 11.35%, and 22.11% of the reported profits [1]. Group 2: Compliance and Future Actions - The company has not yet received a formal penalty decision regarding the investigation and will cooperate fully with the CSRC while exercising its rights to hearings and defenses [2]. - The company is committed to fulfilling its information disclosure obligations as required by regulations [2]. - If the formal penalty decision confirms the violations, the company's stock will be terminated from listing [2].

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-091 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。 大唐高鸿网络股份有限公司（以下简称"公司"）于 2024 年 7 月 31 日于巨 潮资讯网披露了《关于收到中国证券监督管理委员会立案告知书的公告》（公告 编号：2024-099），因公司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。 2025 年 8 月 8 日，公司收到中国证监会下发的《行政处罚事先告知书》（处 罚字〔2025〕62 号）。根据收到的《行政处罚事先告知书》认定情况，公司 2015 年至 2023 年年度报告分别虚增营业收入 6.94 亿元、24.52 亿元、24.20 亿元、 32.59 亿元、56.34 亿元、24.83 亿元、18.05 亿元、7.35 亿元、3.94 亿元， 占各期披露营业收入的 9.34%、28.27%、26.97%、35.18%、49. ...

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 | | | | | ...