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 | | | | | ...

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]

Group 1 - The core viewpoint of the articles highlights the increasing scrutiny and regulatory actions against third-party entities involved in financial fraud alongside listed companies in China's capital market [1][4][5] - The China Securities Regulatory Commission (CSRC) has signaled a clear intention to crack down on systemic fraud and the complicity of third parties, marking a new trend in financial misconduct [1][2] - In 2024, the CSRC has already identified multiple listed companies that engaged in financial fraud with the assistance of third parties, indicating a growing concern over the integrity of the market [1][2] Group 2 - The recognition of third-party complicity in financial fraud is not a new phenomenon, with a significant number of companies and third parties involved in such activities from 2019 to 2023 [2][3] - The complexity and hidden nature of these fraudulent schemes, often involving multiple entities, make detection and regulatory enforcement challenging [2][3] - The involvement of various stakeholders, including intermediaries, financial institutions, and suppliers, complicates the governance and accountability of fraudulent activities [3][4] Group 3 - The regulatory framework is evolving to address the issue of third-party complicity in financial fraud, with new guidelines and legal provisions being established [5][6] - The CSRC is working towards a comprehensive punitive system that includes civil, administrative, and criminal liabilities for third parties involved in financial fraud [6][7] - Recent legal updates have clarified the responsibilities and potential penalties for third parties, enhancing the enforcement capabilities of regulatory bodies [5][6] Group 4 - Future regulatory efforts will focus on improving evidence collection and legal interpretations to effectively combat third-party complicity in financial fraud [8][9] - There is a call for a more integrated approach among various regulatory and enforcement agencies to enhance the detection and prosecution of financial fraud [9] - The use of advanced data analysis techniques is suggested to monitor irregularities in financial reporting and identify potential fraud more effectively [9]

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 ...