Core Viewpoint - The company has completed the repurchase and cancellation of restricted stocks due to unmet performance conditions, affecting a total of 14,807,763 shares, which is 0.7595% of the current total share capital [2][15][19]. Group 1: Repurchase Details - The company repurchased and canceled 14,807,763 restricted stocks, involving 363 incentive recipients [2][15]. - The repurchase price was set at 1.54 yuan per share, with a total repurchase fund amounting to 22,813,504.56 yuan, including interest from bank deposits [2][17]. - The repurchase was necessitated by the failure to meet performance targets outlined in the 2022 restricted stock incentive plan [12][13]. Group 2: Performance Conditions - The performance conditions for the second unlock period included a revenue growth rate of no less than 50% compared to 2021 and a net asset return rate of at least 3.01% [12][13]. - The company did not meet the required performance metrics for the 2024 fiscal year, leading to the cancellation of the restricted stocks [12][13]. Group 3: Impact on Share Capital - Following the repurchase, the company's total share capital decreased from 1,949,769,173 shares to 1,934,961,410 shares [2][17]. - The cancellation of these shares will not affect the company's compliance with listing conditions or the implementation of the incentive plan [18][19]. Group 4: Approval Process - The repurchase and cancellation of the restricted stocks were approved by the company's board and supervisory committee, as well as the shareholders' meeting [3][8][12]. - The company has followed all necessary procedures for disclosure and approval as per regulatory requirements [4][5].

被立案调查半年后，昆明云内动力股份有限公司（000903.SZ，以下简称"云内动力"）近日收到《行政 处罚事先告知书》。 经监管查明，云内动力2021年年度报告、2022年年度报告存在虚假记载，涉及销售和采购返利、供应商 索赔补偿、期间费用的会计核算不准确、不规范以及未实际交付货物但开具发票并依据发票确认收入等 问题。 虚构收入 虚增、虚减利润 此次监管还查明，云内动力销售和采购返利、供应商索赔补偿、期间费用的会计核算不准确、不规范。 经监管查明，云内动力2021及2022年度存在虚构收入及跨期确认收入问题，主要因其仅依据发票确认收 入。 其中，云内动力未实际交付货物但开具发票并依据发票确认收入，虚增对真实客户的部分销售收入。相 应行为导致云内动力2021年虚减营业收入1.08亿元，虚减营业成本7386.59万元，虚减利润总额3456.85 万元；2022年虚增营业收入7651.18万元，虚增营业成本7394.61万元，虚增利润256.57万元。 此外，云内动力仅依据发票确认收入，致使收入确认时点提前或推后。相应行为导致云内动力2021年虚 减营业收入1844.71万元，虚减营业成本1601.47万元，虚减利 ...

Group 1 - Yunnei Power has received an administrative penalty notice from the Yunnan Securities Regulatory Bureau and is actively addressing the regulatory requirements by organizing financial and auditing departments to rectify the issues mentioned in the notice [1] - The company is currently operating normally and is focusing on developing emerging business projects centered around smart manufacturing and green manufacturing, with initial sales of intelligent delivery vehicles and smart agricultural machinery [1] - To enhance its sustainable operational capacity, Yunnei Power is implementing multiple measures to improve its current passive business situation [1] Group 2 - In the traditional internal combustion engine sector, Yunnei Power is refining its marketing strategies and brand differentiation for diesel engines, aiming to expand its market presence [2] - The company is increasing the installation ratio in the existing market for non-road diesel engines and transitioning towards larger horsepower engines while exploring new markets such as agricultural machinery and international exports [2] - In the field of new energy powertrains, Yunnei Power is accelerating the development of gasoline and natural gas range-extended powertrains and hydrogen fuel cell powertrains, aiming for breakthroughs in the new energy market [2] Group 3 - On the international front, Yunnei Power is focusing on Southeast Asia, Africa, South America, and the Middle East to enhance its export capabilities and expand its international market presence [3] - The recent administrative penalty has negatively impacted the company's image, but it is expected to drive improvements in governance, internal control, and management standards, ultimately benefiting the company's long-term sustainable development [3] - The company plans to use this opportunity to continuously improve its internal governance system and enhance the quality of financial reporting and operational standards [3]

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]