9月19日，*ST高鸿大宗交易成交43.71万股，成交额20.98万元，占当日总成交额的8.7%，成交价0.48 元，较市场收盘价0.48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) | | | | 2025-09-19 | 000851 | *ST高鸡 | 0.48 | 43.71 | 20.98 | 财通证券股份有限 | 东海证券股份有限 | | | | | | | | 公司杭州文二西路 | 公司浙江分公司 | | | | | | | | 证券营业部 | | ...

| | 广田集团 | | | | | 建筑装饰 | | --- | --- | --- | --- | --- | --- | --- | | 600567 | 山鹰国际 | 1.92 | -6.34 | 8.01 | 0.70 | 轻工制造 | | 600606 | 绿地控股 | 1.95 | -1.52 | 1.90 | 0.45 | 房地产 | | 000608 | *ST阳光 | 1.95 | -2.99 | 2.18 | 0.64 | 房地产 | | 603077 | 和邦生物 | 1.99 | -3.40 | 2.44 | 0.97 | 基础化工 | （文章来源：证券时报网） 低价股中，股价低于2元的共有29只，最低的是*ST高鸿，最新收盘价为0.48元，其次是紫天退、*ST苏 吴，最新收盘价分别为0.50元、0.92元。特征来看，股价低于2元个股中，共有13只ST股上榜，占比为 44.83%。（数据宝） 低价股排名 | 代码 | 简称 | 最新收盘价（元） | 日涨跌幅（%） | 日换手率（%） | 市净率（倍） | 行业 | | --- | --- | --- | --- | --- | -- ...

Core Viewpoint - *ST Gaohong's stock price has been below the par value for an extended period, raising the risk of delisting due to continuous low trading prices and previous fraudulent activities [1][2] Group 1: Stock Performance - As of September 18, 2025, *ST Gaohong's stock closed at 0.51 yuan, down 5.56% from the previous trading day, with a total market capitalization of 591 million yuan [1] - The stock has been trading at 0.51 yuan for the entire day, with a trading volume of 1.88 million yuan and a turnover rate of 0.33% [1] Group 2: Risk of Delisting - The company issued its sixth risk warning regarding the potential for delisting due to its stock price being below 1 yuan for fourteen consecutive trading days [1] - If the stock price remains below 1 yuan for an additional twenty consecutive trading days, the company will face delisting without entering a delisting adjustment period [1] Group 3: Regulatory Issues - On August 8, 2025, the company received a notice from the China Securities Regulatory Commission (CSRC) indicating that its 2020 private placement constituted fraudulent issuance, and its annual reports from 2015 to 2023 contained false records [1] - The company has been subject to delisting risk warnings and other risk alerts since August 11, 2025, following the issuance of an audit report with no opinion from Zhongshen Yatai Accounting Firm for internal controls in 2023 and from Shenzhen Xutai Accounting Firm for the 2024 financial statements [1]

Group 1 - The average stock price of A-shares is 13.49 yuan, with 24 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.51 yuan [1] - Among the low-priced stocks, 12 are ST stocks, accounting for 50% of the total [1] - The Shanghai Composite Index closed at 3831.66 points as of September 18 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with the highest gainers being Yongtai Energy (up 10.32%), Liao Port Co. (up 2.75%), and *ST Su Wu (up 2.15%) [1] - Conversely, 11 stocks decreased in price, with the largest declines seen in Rongsheng Development (down 8.54%), *ST Gao Hong (down 5.56%), and Zhitian Tui (down 5.36%) [1] - The stock price performance of low-priced stocks shows a mixed trend, indicating volatility in this segment [1]

Core Viewpoint - The Chinese regulatory authorities have adopted a "zero tolerance" approach towards financial fraud, significantly increasing penalties for companies involved in such activities, aiming to create a market environment where fraud is discouraged [1][2][4]. Group 1: Regulatory Actions - ST Emergency announced a fine of 5.9 million yuan due to financial fraud in its 2022 annual report, marking the eighth penalty issued by regulators for financial fraud in September alone [1]. - Over 30 companies have received penalties for financial fraud this year, including both listed and delisted companies, indicating a strict stance against the notion of "retirement from the market" as an escape from accountability [2][4]. - The regulatory authorities have issued substantial fines, with several companies facing penalties exceeding 100 million yuan, enhancing the deterrent effect on the market [4][5]. Group 2: Legal Framework and Enforcement - The new securities law has significantly increased penalties for financial fraud and fraudulent issuance, with fines ranging from 10% to 100% of the illegally raised funds [5]. - The enforcement focus has shifted to include third parties involved in financial fraud, such as suppliers and intermediaries, broadening the scope of accountability [6][7]. - There has been an increase in civil and criminal liabilities for those responsible for financial fraud, enhancing the overall deterrent effect of regulatory actions [7]. Group 3: Market Impact and Ecosystem - The regulatory crackdown aims to foster a market ecosystem where entities are deterred from committing fraud, thereby protecting investors and maintaining market integrity [3][6]. - The emphasis on holding key individuals, such as controlling shareholders and actual controllers, accountable reflects a commitment to ensuring that all parties involved in financial misconduct face consequences [7]. - The approach to penalizing intermediaries, such as accounting firms and law firms, for their roles in facilitating fraud is intended to restore trust in the market and reinforce the responsibilities of these entities [6][7].

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： 1.截至 2025 年 9 月 18 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十四个交易日均低于 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。 2.根据《股票上市规则》第 9.2.4 条相关规定，在深交所仅发行 A 股股票的 公司，连续十个交易日的股票收盘价均低于 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）。敬请广大投资者 注意投资风险。 3.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》 ...

Group 1 - On September 18, *ST Gaohong executed a block trade of 1.737 million shares, with a transaction value of 885,800 yuan, accounting for 31.93% of the total transaction volume for the day [1] - The transaction price was 0.51 yuan per share, which was consistent with the market closing price of 0.51 yuan [1] - The block trade involved multiple brokerage firms, including Guangfa Securities and CITIC Securities, indicating active trading interest [2]

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of September 17, there are 953 stocks with a circulating market value below 3 billion yuan, and 388 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,630 stocks have a total market value below 5 billion yuan, with 556 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are: Zitian Tui at 0.90 million yuan, Bofei Electric at 6.05 million yuan, and *ST Gaohong at 6.11 million yuan [1] - The three stocks with the smallest total market values are: Zitian Tui at 0.91 million yuan, *ST Yuancheng at 6.19 million yuan, and *ST Gaohong at 6.25 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as media, basic chemicals, telecommunications, and more [1][2]

New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]