一、《行政处罚事先告知书》主要内容 昆明云内动力股份有限公司、杨波先生、代云辉女士、宋国富先生、屠建国先生、王洪亮先生、朱国友 先生、张永齐先生： 文/梧桐小新 7月9日，昆明云内动力股份有限公司（云内动力，000903）披露关于公司及相关人员收到云南证监局《行 政处罚事先告知书》的公告。经查，云内动力在2021年及2022年年度报告中存在虚假记载问题，包括：1、 销售和采购返利、供应商索赔补偿、期间费用的会计核算不准确、不规范；2、未实际交付货物但开具发票 并依据发票确认收入，导致虚构收入；仅依据发票确认收入，导致跨期确认收入；3、计提存货跌价准备及 应收账款信用减值不准确、未计提产品质量保证费用。 上述违法行为合计导致公司2021年度报告虚减营业收入超1.80亿元，占当年营业收入的2.25%，虚增利润 767.50万元，占当年利润总额的13.51%；2022年年度报告虚增营业收入2257.72万元，占当年披露营业收入 的0.47%，虚减利润总额1.02亿元，占当年披露利润总额的7.84%。公司及7名相关责任人合计拟被罚1250万 元。 同日，公司还披露关于公司股票交易被实施其他风险警示暨股票停复牌的提示性 ...

Core Viewpoint - Yunnei Power has faced regulatory penalties due to false financial reporting, leading to a fine of 6 million yuan and additional fines for its chairman and other executives, which has prompted the company to enhance its internal governance and operational standards [1][2]. Group 1: Regulatory Actions and Company Response - The company received an administrative penalty notice from the Yunnan Securities Regulatory Bureau for false records in its 2021 and 2022 annual reports, resulting in a total fine of 6.5 million yuan for the chairman and other executives [1]. - Following the regulatory actions, the Shenzhen Stock Exchange has implemented risk warnings on the company's stock, which was suspended for one day and subsequently renamed to "ST Yundong" [1]. - The board of directors has acknowledged the negative impact of these issues and is committed to correcting the financial reports and improving internal controls [1][2]. Group 2: Business Operations and Future Plans - Despite the regulatory challenges, the company's production and operational activities are continuing normally, with a focus on traditional and emerging business areas, including smart manufacturing and green manufacturing [2]. - The company has received 200 road testing licenses for intelligent connected vehicles from the Kunming Municipal Government, indicating a strategic move towards expanding its market in unmanned delivery vehicles [4]. - The company is also advancing its smart agricultural machinery projects, with the installation of production lines for intelligent rubber tapping robots now complete [4]. Group 3: Market Expansion and Strategic Initiatives - Yunnei Power is actively exploring overseas markets, particularly in Southeast Asia, Africa, South America, and the Middle East, to enhance its export capabilities [5]. - The company is refining its marketing strategies for traditional diesel engines and aims to increase its market share in non-road diesel engines while expanding into new markets and business segments [4].

股票简称：ST 云动 股票代码：000903 编号：2025—036 号 昆明云内动力股份有限公司 关于 2022 年限制性股票激励计划部分限制性股票 回购注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、公司本次回购注销限制性股票 14,807,763 股，占公司当前股本总额的 0.7595%，涉及激励对象 363 人。其中，因首次授予部分第二个解除限售期解除 限售条件未成就及 1 名激励对象离职而回购注销限制性股票 14,651,763 股，回 购价格为 1.54 元/股；因 2 名激励对象身故而回购注销限制性股票 156,000 股， 回购价格为 1.54 元/股加中国人民银行公布的同期定期存款利息。本次回购资金 总额为 22,813,504.56 元（含银行同期定期存款利息）。 2、截至本公告披露日，公司已在中国证券登记结算有限责任公司深圳分公 司办理完成上述限制性股票的回购注销手续。 3、本次股份回购注销完成后，公司的股本总额由 1,949,769,173 股减至 1,934,961,410 股，公司股权分布仍具备上市条 ...

Core Viewpoint - Yunnei Power has received an administrative penalty notice from the Yunnan Securities Regulatory Bureau, indicating a need for regulatory compliance and governance improvement, while the company is actively working on rectification measures to mitigate the impact and plans to apply for the removal of risk warnings when conditions permit [1] Group 1: Business Operations and Strategic Transformation - The company emphasizes that its production and operational activities are currently normal and orderly, focusing on consolidating its traditional internal combustion engine business while actively expanding into intelligent and green manufacturing sectors [2] - The company has achieved small-scale sales in unmanned intelligent delivery vehicles and smart agricultural machinery, which are expected to become new growth points for performance in the future [2] - To enhance sustainable operational capabilities, the company is optimizing its business structure through various measures, including refining marketing strategies and promoting product differentiation in the diesel engine sector [2] Group 2: New Energy and Emerging Business - The company is accelerating the development of gasoline engine range-extended powertrains, natural gas range-extended powertrains, and hydrogen fuel cell powertrains to achieve breakthroughs in the new energy market [3] - The company continues to promote L4-level intelligent delivery vehicles and smart rubber tapping machines, broadening application scenarios and adaptability [3] Group 3: International Market Expansion - The company is focusing on Southeast Asia, Africa, South America, and the Middle East for international market expansion, increasing the export of its products alongside automotive manufacturers or trading companies [3] Group 4: Governance and Long-term Competitiveness - Despite the short-term impact of regulatory measures on the company's market image, it is expected to enhance governance, internal control systems, and management levels in the long run, contributing to improved quality and sustainable development of the listed company [4] - The company aims to use this rectification as an opportunity to further improve internal governance, strengthen compliance operations, and enhance the quality of financial accounting and information disclosure for long-term stable development [4]

Core Viewpoint - Yunnei Power (000903.SZ) has been identified as a hot stock this year due to its involvement in L4-level intelligent delivery robots, but it has been penalized for financial fraud related to its 2021 and 2022 annual reports [1][3]. Financial Misconduct - The company received a notice of administrative penalty from the Yunnan Securities Regulatory Bureau for false records in its 2021 and 2022 annual reports, resulting in a fine of 6 million yuan, with Chairman Yang Bo and others fined a total of 6.5 million yuan [1][3]. - The 2021 annual report was found to have understated revenue by 180 million yuan, which is 2.25% of the reported revenue, and inflated profit by 7.675 million yuan, accounting for 13.51% of the reported profit. The 2022 report inflated revenue by 22.577 million yuan (0.47%) and understated profit by 102 million yuan (7.84%) [4]. Regulatory Actions - Following the discovery of financial misconduct, the Shenzhen Stock Exchange will implement additional risk warnings for Yunnei Power, leading to a temporary suspension of its stock trading [3]. - The stock will be renamed to "ST Yun Dong" after resuming trading [3]. Accountability and Penalties - The regulatory body has adopted a "full-chain accountability" approach, holding not only executives but also mid-level managers responsible for the fraudulent activities [1][8]. - Specific penalties include 200,000 yuan for Chairman Yang Bo, 80,000 yuan each for former directors Dai Yunhui and Song Guofu, and 90,000 yuan for former CFO Tu Jianguo, among others [6][8]. Internal Control Failures - The regulatory findings indicated systemic non-compliance in financial accounting practices, including improper revenue recognition and inaccurate accounting for expenses [4][6]. - Key personnel, including the former financial management department head, failed to fulfill their responsibilities, leading to direct involvement in the fraudulent activities [7][8].

Core Viewpoint - The company Yunnei Power (000903.SZ) has faced significant financial difficulties, reporting cumulative losses exceeding 3.8 billion yuan over three years, and has been penalized for "reverse" financial fraud, leading to its designation as a "ST" (special treatment) company [1][7]. Financial Fraud Details - Yunnei Power's financial fraud involved a systematic reduction of profits rather than the typical inflation of profits, with a total profit reduction exceeding 100 million yuan over two years [2][3]. - In 2021, the company reported a reduction in operating income of approximately 180 million yuan, which accounted for 2.25% of the reported operating income, and a profit reduction of about 7.67 million yuan, representing 13.51% of the total profit [3]. - In 2022, the company reported a reduction in operating income of approximately 22.58 million yuan, which was 0.47% of the reported income, and a profit reduction exceeding 101 million yuan, accounting for 7.84% of the total profit [3]. Operational Challenges - The company's performance has been declining since 2021, with net losses of 1.322 billion yuan in 2022, 1.255 billion yuan in 2023, and 1.217 billion yuan in 2024, totaling 3.8 billion yuan in losses [7]. - The revenue dropped from 8.203 billion yuan in 2021 to 4.731 billion yuan in 2024, a decline of approximately 42.05% [7]. - The core reason for the performance decline is attributed to the upgrade of domestic vehicle emission standards from National V to National VI, coupled with a lack of technological preparedness for National VI engines, leading to a significant drop in sales [7]. Research and Development Investments - Despite the financial losses, the company has maintained substantial investments in research and development, with R&D expenses as a percentage of revenue increasing from 2.68% in 2021 to 6.28% in 2024 [8]. - The company has also ventured into emerging businesses such as robotics and autonomous delivery vehicles, although these efforts have not yet improved its financial situation [8]. Financial Health - As of the first quarter of 2025, the company's debt situation has worsened, with a debt-to-asset ratio of 85.82% and current liabilities reaching 8.295 billion yuan [8]. - The company's cash reserves are limited, with only 1.858 billion yuan in cash against accounts receivable of 1.633 billion yuan, which is 108.8% of its revenue [8].

Group 1 - Shennong Development expects a net profit of 850 million to 950 million yuan for the first half of 2025, representing a year-on-year increase of 732.89% to 830.88% [1] - Sifang New Materials announced that its directors and senior executives collectively reduced their holdings by 80,000 shares, in line with a previously announced reduction plan [1] - Alliance Electronics plans to transfer 3.68% of its shares through a price inquiry, totaling 6.1869 million shares, due to the shareholders' funding needs [1][2] Group 2 - Yongtai Technology clarified that its patent for "a preparation method of lithium bis(fluorosulfonyl)imide" is still valid and has not been declared invalid [3] - Guibao Pet plans to invest 650 million yuan in building an intelligent warehousing and sorting center to enhance operational efficiency [4] - Deep Deep Housing A expects a net profit of 85 million to 120 million yuan for the first half of 2025, with a year-on-year increase of 1411.70% to 2034.17% [7] Group 3 - Shandong Steel anticipates a net profit of 12.71 million yuan for the first half of 2025, marking a turnaround from a loss of approximately 98.1 million yuan year-on-year [7] - Tangrenshen reported a June sales revenue of 698 million yuan from pig sales, a year-on-year increase of 26% [9] - Dongfang Zhongke plans to reduce its holdings by up to 3% of its shares due to the financial needs of a major shareholder [10] Group 4 - Weichuang Electric obtained six patents and two software copyrights between April 1 and June 30, 2025 [11] - Zhenai Home plans to reduce its holdings by up to 3% due to the financial needs of a major shareholder [13] - Xingwang Yuda's actual controller intends to reduce its holdings by up to 3% for personal financial needs [15] Group 5 - Guangyun Da intends to acquire 56.03% of Yilian Infinite for 352 million yuan, gaining control of the company [16] - Chao Tu Software's actual controller plans to reduce holdings by up to 2% due to personal financial needs [17] - Weixing Intelligent's actual controller plans to reduce holdings by up to 1.99% for personal financial needs [18] Group 6 - ST Dongshi is facing a bankruptcy reorganization application due to its inability to repay debts, with potential delisting risks if the court accepts the application [19][20] - Tongwei Co. plans to reduce its holdings by up to 1% due to personal financial needs [21] - Borui Pharmaceutical received approval for clinical trials of its drug for chronic obstructive pulmonary disease [22] Group 7 - Shuangwei New Materials announced progress in its control change plan, leading to the resumption of its stock trading [24] - Yunnei Power's stock is under risk warning due to false financial disclosures, with a name change to "ST Yun Dong" [26][28]

Group 1 - The Chinese government emphasizes the need for Shanxi to implement strategies for ecological protection and high-quality development in the Yellow River basin [1] - The State Council Premier Li Qiang reassures that the Chinese economy can withstand external shocks and will support overseas Chinese enterprises [2] - The Ministry of Foreign Affairs reiterates China's stance against protectionism and trade wars, stating that there are no winners in such conflicts [3] Group 2 - In June, the retail sales of passenger cars in China reached 2.11 million units, a year-on-year increase of 18.6%, with new energy vehicles accounting for 1.111 million units, up 29.7% [6] - Changan Group is preparing for a restructuring, with a plan to be finalized in August [7] - Hunan province discovers a significant lithium ore deposit of 490 million tons, with lithium oxide resources amounting to 131,000 tons [9] - Northern Rare Earth reports a recovery in export orders for rare earth products and maintains a positive outlook on future price trends [10] - Several companies, including Shengnong Development and Juhua Co., expect substantial increases in net profits for the first half of the year, with projections ranging from 733% to 2034% [12]

Core Viewpoint - Kunming Yunnei Power Co., Ltd. is facing administrative penalties from the China Securities Regulatory Commission (CSRC) due to violations related to information disclosure in its 2021 and 2022 annual reports, which included false records and accounting irregularities [1][2][10]. Summary by Sections Administrative Penalty Notification - The company and several key personnel received an administrative penalty notice from the Yunnan Securities Regulatory Bureau, indicating that they are under investigation for suspected violations of information disclosure laws [2][3]. Violations Identified - The company was found to have inaccuracies in accounting for sales rebates, supplier compensation, and period expenses, leading to a false reduction in reported revenue and profits for both 2021 and 2022 [4][5]. - Specific figures include a false reduction of operating income by 16,293,063.23 yuan and total profit by the same amount for 2021, and various inaccuracies in 2022 that inflated or deflated financial metrics [4][7][9]. Impact on Financial Statements - The violations resulted in a 13.51% reduction in reported profit for 2021 and a 7.84% reduction in reported profit for 2022, with significant discrepancies in revenue recognition practices [9][10]. - The company also failed to accurately account for inventory impairment and accounts receivable credit impairment, further complicating its financial reporting [8][9]. Penalties Imposed - The company has been ordered to correct its practices, receive a warning, and pay a fine of 6 million yuan. Key executives, including the chairman and former general managers, face individual fines ranging from 60,000 to 200,000 yuan [15]. Future Compliance Measures - The company has committed to improving its internal control systems and enhancing compliance with information disclosure regulations to prevent future violations [14].

股票简称：云内动力 股票代码：000903 编号：2025—035 号 昆明云内动力股份有限公司 关于公司股票交易被实施其他风险警示暨 股票停复牌的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、昆明云内动力股份有限公司（以下简称"公司"）近日收到中国证券监督管理 委员会云南监管局（以下简称"云南证监局"）出具的《行政处罚事先告知书》（〔2025〕 2 号），根据《深圳证券交易所股票上市规则》第 9.8.1 条规定："上市公司出现下列 情形之一的，本所对其股票交易实施其他风险警示：（八）根据中国证监会行政处罚 事先告知书载明的事实，公司披露的年度报告财务指标存在虚假记载，但未触及本规 则第 9.5.2 条第一款规定情形，前述财务指标包括营业收入、利润总额、净利润、资 产负债表中的资产或者负债科目",深圳证券交易所将对公司股票实施其他风险警示。 2、公司股票自 2025 年 7 月 9 日（星期三）开市起停牌一天，并于 2025 年 7 月 10 日（星期四）开市起复牌。 3、公司股票在 2025 年 7 月 10 日（星期四）开市起 ...