Core Viewpoint - The article discusses the ongoing legal actions against Poly Union (保利联合) due to false statements that led to significant financial discrepancies and investor claims [1][2]. Summary by Relevant Sections Legal Proceedings - The law firm Shanghai Jiucheng, represented by lawyer Xu Feng, has submitted a new case for investor claims against Poly Union to the Guiyang Intermediate People's Court [1]. - Previous hearings for investor claims have already taken place, and the legal team continues to accept claims from other investors [1]. Financial Misconduct - Poly Union was found to have committed several violations from 2019 to 2021, including improper accounting practices related to accounts receivable, which resulted in the misclassification of risk and insufficient bad debt provisions [1][2]. - Specific financial impacts include: - In 2019, the company underreported bad debt provisions by approximately 43.12 million yuan, inflating net profit by about 36.65 million yuan, which was 19.95% of the disclosed amount [2]. - In 2020, the underreported bad debt provisions amounted to about 77.75 million yuan, leading to a net profit inflation of approximately 65.89 million yuan, or 43.24% of the disclosed amount [2]. - In 2021, the company underreported bad debt provisions by around 235.77 million yuan, resulting in a net profit inflation of about 200.27 million yuan, which was 124.47% of the disclosed amount, affecting the company's profitability [2]. Investor Claims - Investors who purchased Poly Union stock between April 28, 2020, and April 28, 2023, and sold or held the stock after April 28, 2023, are eligible to initiate claims, with the statute of limitations now in effect [2].

每经记者｜陈鹏丽 每经编辑｜陈俊杰 8月20日晚，凯龙股份（SZ002783，股价10.46元，市值52.23亿元）公告，下属公司山东天宝化工股份 有限公司（以下简称天宝化工）、山东凯乐化工有限公司（以下简称凯乐化工）同时收到山东省市场监 督管理局下发的《行政处罚决定书》。 记者注意到，除了凯龙股份，8月19日晚，保利联合公告，下属3家公司保利澳瑞凯 (山东) 矿业服务有 限公司（简称 山东矿业公司）、保利澳瑞凯 (威海) 爆破器材有限公司（简称威海爆破）、盘化 (济南) 化工有限公司（简称 盘化化工）分别收到山东省市场监督管理局下发的《行政处罚决定书》。在山东 省爆破器材行业协会组织下，2021年山东矿业公司、威海爆破、盘化化工与具有竞争关系的民爆生产企 业达成固定价格的垄断协议，涉嫌垄断。 山东省市场监督管理局依据相关法律规定，决定对上述3家公司合计罚款410万元。 凯龙股份两下属公司被罚176万元 据山东省市场监督管理局出具的《行政处罚决定书》，天宝化工、凯乐化工2020年与具有竞争关系的民 爆生产企业达成垄断协议的行为，破坏了山东省区域内民爆生产企业的公平竞争秩序，导致下游企业无 法享受市场竞争带来的 ...

Core Viewpoint - Poly United's stock price closed at 11.88 yuan on August 20, down 0.42% from the previous trading day, with a trading volume of 267 million yuan and a turnover rate of 4.69% [1] Group 1: Company Performance - The company primarily engages in the research and production of civil explosive materials, with its controlling shareholder being Poly Jiulian Holdings Group [1] - As of the end of the first quarter, the company's debt-to-asset ratio reached 83.27%, indicating a high level of financial leverage [1] Group 2: Regulatory Issues - The company's three subsidiaries were fined a total of 4.1 million yuan by the Shandong Provincial Market Supervision Administration for reaching a price monopoly agreement [1] - Another subsidiary, Henan Jiulian, received a criminal indictment for illegal trading of explosives prior to its acquisition [1] Group 3: Financial Outlook - The company expects to incur a loss of 50 million to 70 million yuan in the first half of 2025, primarily due to credit impairment losses and a decrease in product prices [1] - The high financial expenses are contributing to the anticipated losses [1]

Mergers and Acquisitions - Saiwei Electronics plans to acquire 56.24% stake in Qingdao Zhancheng Technology for 157 million yuan, resulting in a total ownership of 61.00% post-transaction [1] Performance Disclosure - Baili Tianheng reported a revenue of 171 million yuan for the first half of 2025, a year-on-year decline of 96.92%, with a net loss of 1.118 billion yuan, shifting from profit to loss [2] - Fuyao Glass announced a revenue of 21.447 billion yuan for the first half of 2025, a year-on-year increase of 16.94%, with a net profit of 4.805 billion yuan, up 37.33% year-on-year [3] - Yuntianhua reported a revenue of 24.992 billion yuan for the first half of 2025, a year-on-year decline of 21.88%, with a net profit of 2.761 billion yuan, down 2.81% year-on-year [4] Shareholding Changes - Demai Chemical announced that its major shareholder, Changlianrong Investment, plans to reduce its stake by up to 3%, equating to a maximum of 14.4635 million shares over the next three months [5] - Newzhisoft disclosed that three shareholders plan to collectively reduce their stake by up to 4.6517%, with specific reductions from each shareholder [6] - Kema Technology's employee strategic placement asset management plan intends to reduce its stake by up to 1.7202%, equating to a maximum of 750,000 shares [7] Legal Issues - Poly United's subsidiary received a criminal indictment related to prior ownership issues, with potential claims for damages against previous shareholders [8] - Dameng Data's general manager, Pi Yu, is under investigation and has been placed under detention, although it is expected not to significantly impact operations [9] - Tianyu Digital's director, Guo Baichun, was arrested for embezzlement and abuse of power, a matter unrelated to the company [10] - Kesi Technology's actual controller, Liu Jiande, has been detained and is under investigation, but the company's control remains unchanged [11]

每经记者｜陈晴 每经编辑｜文多 并购重组 赛微电子：拟1.57亿元收购展诚科技约56%股权 赛微电子公告称，拟以1.57亿元收购青岛展诚科技有限公司（简称展诚科技）56.24%股权，交易完成 后，上市公司合计持有展诚科技61.00%股权。 业绩披露 百利天恒：2025年上半年净亏损超11亿元 百利天恒公告，2025年上半年营业收入1.71亿元，同比下降96.92%。归属于上市公司股东的净亏损 11.18亿元，同比由盈转亏。 福耀玻璃：2025年上半年净利润同比增长37.33% 福耀玻璃公告，2025年上半年营业收入214.47亿元，同比增长16.94%，归母净利润为48.05亿元，同比 增长37.33%。 云天化：2025年上半年净利润27.61亿元，同比下降2.81% 云天化公告，2025年上半年营业收入249.92亿元，同比下降21.88%，归母净利润为27.61亿元，同比下 降2.81%。 增减持 德美化工：昌连荣投资拟减持不超公司股份的3% 达梦数据：董事兼总经理皮宇被留置 德美化工公告，持股5%以上股东佛山市顺德区昌连荣投资有限公司（简称昌连荣投资）因自身资金需 求，计划自公告披露之日起15个交易日 ...

证券代码：002037 证券简称：保利联合 公告编号：2025-36 一、诉讼案件的基本情况 2012 年 8 月，公司完成对原南阳神威公司股权的收购，该公司更 名为河南久联，在公司正式接管其经营权之前一直由原股东负责经营 管理，根据《起诉书》，本次公诉案件期间为 2004 年至 2012 年。 1.案件公诉机关：襄城县人民检察院 保利联合化工控股集团股份有限公司 2.本案被告单位：南阳市神威民爆有限公司，被告人：徐宜敏（原 南阳神威董事长兼总经理）、张铁飞（原南阳神威副总经理）、杨丙 义（原南阳神威经营部部长、经营处处长、供销科科长）、张保山（原 南阳神威财务处处长）、郑瑞侠（原南阳神威供销科开票员）、甄香 华（原南阳神威供销科仓库保管员）。 关于下属子公司收到刑事起诉书的公告 3.本案由襄城县公安局侦查终结，以被告单位原南阳市神威民爆 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 1 近日，保利联合化工控股集团股份有限公司（以下简称公司）下 属子公司河南久联神威民爆器材有限公司（以下简称"河南久联"） 收到襄城县人民检察院《起诉书》（襄检刑诉〔2025〕 ...

证券代码：002037 证券简称：保利联合 公告编号：2025-35 保利联合化工控股集团股份有限公司 关于下属公司收到《行政处罚决定书》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 近日，保利联合化工控股集团股份有限公司（以下简称公司）下 属公司保利澳瑞凯（山东）矿业服务有限公司（以下简称"山东公司"）、 保利澳瑞凯（威海）爆破器材有限公司（以下简称"威海公司"）、 盘化（济南）化工有限公司（以下简称"盘化济南"）分别收到山东 省市场监督管理局下发的《行政处罚决定书》（鲁市监行处字〔2025〕 3 号、9 号、11 号），现将主要内容公告如下： 一、决定书主要内容 《行政处罚决定书》认定：在山东省爆破器材行业协会组织下， 2021 年山东公司、威海公司、盘化济南与具有竞争关系的民爆生产 企业达成固定价格的垄断协议，限制了民爆生产企业之间的竞争，破 坏了山东省区域内民爆生产企业的公平竞争秩序，导致下游企业无法 享受市场竞争带来的优质服务和商品价格，损害了下游企业利益，涉 嫌违反了修改前的《反垄断法》十三条: "禁止具有竞争关系的经营 者达成下列垄断协 ...

Overview - The company is involved in the relocation and reconstruction of its subsidiary's explosive materials storage warehouse due to a government project in Guizhou [2][8] Compensation Agreement - The total compensation amount for the relocation is RMB 36.76 million, which includes construction costs, land fees, and employee transition subsidies [6][7] - The new warehouse will have a storage capacity of 120 tons for explosives and 400,000 detonators [5] Breakdown of Compensation Costs - New warehouse construction costs are estimated at RMB 19.94 million after a 15% reduction from the initial estimate [6] - Land costs for the new warehouse, covering approximately 42 acres, total RMB 9.66 million [7] - Employee transition subsidies for 65 employees will total RMB 7.16 million over a 12-month period, with a fixed monthly payment [7] Impact on Company - The relocation and reconstruction are expected to have a certain impact on the company's current financial performance, with accounting treatment to be confirmed by the annual audit [8]

Overview - The company, Poly United Chemical Holdings Group Co., Ltd., has signed a monetary compensation agreement for the relocation of its subsidiary's warehouse due to a government project [1][2]. Group 1: Agreement Details - The agreement was made with the local government for the relocation of the explosive materials storage warehouse of its subsidiary, Guizhou United Explosive Materials Co., Ltd. [1] - The total compensation amount received by the subsidiary is RMB 36.76 million [1][2]. - The compensation includes costs for new warehouse construction, land fees, and employee transition subsidies [2]. Group 2: Compensation Breakdown - The compensation is structured as a one-time lump sum, with the new warehouse construction costs estimated at RMB 19.94 million after a 15% reduction [2]. - Land fees are calculated at RMB 966,000 based on a rate of RMB 6,000 per mu [2]. - Employee transition subsidies total RMB 7.16 million, paid monthly at RMB 597,147.9 for a 12-month period [2]. Group 3: Impact on the Company - The relocation and reconstruction of the warehouse are expected to have a certain impact on the company's current financial performance [2]. - The company will adhere to relevant accounting standards for the treatment of the compensation received [2].

保利联合最新一期业绩显示，截至2025一季报，公司营业总收入11.97亿元、同比增长21.23%，归属净 利润6035.93万元，同比增长9.09%，扣非净利润6372.61万元，同比增长11.74%，流动比率0.869、速动 比率0.834、资产负债率83.27%。 天眼查商业履历信息显示，保利联合化工控股集团股份有限公司，成立于2002年，位于贵阳市，是一家 以从事化学原料和化学制品制造业为主的企业。企业注册资本48388.3566万人民币，实缴资本124.016万 人民币。公司法定代表人为刘文生。 金融界消息 截至2025年8月15日收盘，保利联合（002037）报收于11.81元，上涨0.34%，换手率 3.95%，成交量19.09万手，成交金额2.24亿元。 资金流向方面，今日主力资金净流出1198.70万元，占比成交额5.34%。其中，超大单净流出494.77万 元、占成交额2.2%，大单净流出703.93万元、占成交额3.14%，中单净流出流出528.93万元、占成交额 2.36%，小单净流入1727.63万元、占成交额7.7%。 通过天眼查大数据分析，保利联合化工控股集团股份有限公司共对外投资 ...