Core Viewpoint - *ST Dongjing (002199) has faced a decline in stock price and is under investigation for regulatory violations related to insider trading by an independent director [2][3]. Group 1: Trading Information - As of January 14, 2026, *ST Dongjing's stock closed at 9.86 yuan, down 2.67%, with a turnover rate of 2.25% and a trading volume of 54,700 shares, resulting in a transaction amount of 54.05 million yuan [1]. - On January 14, the net outflow of main funds was 3.844 million yuan, while retail investors saw a net inflow of 4.264 million yuan [2][3]. Group 2: Regulatory Actions - Independent director Fu Baoshan is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of securities laws and regulations [2][3]. - Fu Baoshan has submitted his resignation as an independent director, which will take effect after the election of a new independent director at the shareholders' meeting [2][3].

Core Viewpoint - *ST Dongjing has been facing continuous losses for three consecutive years, with recent developments including the resignation of an independent director due to an insider trading investigation, which is not expected to impact the company's operations [1][2][4] Group 1: Company Developments - The independent director Fu Baoshan has been investigated by the China Securities Regulatory Commission for insider trading, leading to his resignation from the board and related committees [1] - Fu Baoshan's resignation will take effect after the election of a new independent director, and he has not held any shares in the company [1] - The company has undergone a change in control, with Haotian Yiyi becoming the largest shareholder, holding 19.97% of the total shares [4] Group 2: Financial Performance - The company has reported net losses for the years 2022 to the first three quarters of 2025, with losses of 69.11 million, 66.60 million, 73.45 million, and 39.13 million respectively [2] - For the first three quarters of 2025, the company achieved an operating revenue of 184 million, a year-on-year increase of 12.22%, but still reported a net loss of 39.13 million [4] - The company’s stock has been under delisting risk warning since March 26, 2025, due to negative net profit and revenue issues [4]

Group 1 - The stock price of *ST Dongjing (002199) closed at 10.13 yuan on January 13, 2026, with an increase of 3.26% and a turnover rate of 1.88% [1] - The trading volume was 45,800 shares, with a total transaction amount of 45.93 million yuan [1] - On January 13, the net inflow of main funds was 7.58 million yuan, indicating a positive short-term attitude from main investors [2] Group 2 - Independent director Fu Baoshan has been investigated by the China Securities Regulatory Commission for suspected insider trading, and he has submitted his resignation [1] - The investigation is related to Fu Baoshan's personal conduct and does not affect the normal operations of the company [2] - The resignation will take effect after the election of a new independent director at the shareholders' meeting [1]

Group 1: Shanghai Pudong Development Bank - The bank reported a net profit of 50.017 billion yuan for 2025, an increase of 10.52% year-on-year [1][2] - Total operating income reached 173.964 billion yuan, reflecting a growth of 1.88% compared to the previous year [2] - The bank's total assets exceeded 1 trillion yuan, reaching 1,008.1746 billion yuan, a 6.55% increase from the previous year [3] Group 2: Dongpeng Beverage - Dongpeng Beverage expects a net profit between 4.34 billion and 4.59 billion yuan for 2025, representing a year-on-year growth of 30.46% to 37.97% [4] - The anticipated operating income is projected to be between 20.76 billion and 21.12 billion yuan, indicating a growth of 31.07% to 33.34% [4] Group 3: TCL Technology - TCL Technology forecasts a net profit of 4.21 billion to 4.55 billion yuan for 2025, marking a significant increase of 169% to 191% year-on-year [5][6] - The company expects to surpass 100 billion yuan in operating revenue, with net profit exceeding 8 billion yuan [5] Group 4: Changjiang Electric Power - Changjiang Electric Power reported a net profit of 34.167 billion yuan for 2025, a 5.14% increase year-on-year [8] - The total operating revenue for the year is expected to be 85.882 billion yuan, reflecting a growth of 1.65% [8] Group 5: China Gold - China Gold anticipates a net profit of 286 million to 368 million yuan for 2025, a decrease of 55% to 65% year-on-year [21] - The decline is attributed to market fluctuations and reduced consumer traffic [21] Group 6: LaKala - LaKala expects a net profit between 1.06 billion and 1.2 billion yuan for 2025, representing a growth of 202% to 242% year-on-year [22] - The increase is primarily due to significant investment income from stock holdings [22] Group 7: Baiwei Storage - Baiwei Storage projects a net profit of 850 million to 1 billion yuan for 2025, indicating a year-on-year increase of 427% to 520% [23] - The growth is driven by improved sales and gross margins in the AI sector [23] Group 8: Shengxin Lithium Energy - Shengxin Lithium Energy forecasts a net loss of 600 million to 850 million yuan for 2025, similar to the previous year's loss [24] - The company attributes the loss to industry supply-demand dynamics and increased exchange losses [24] Group 9: Zhongguancun Online - Zhongguancun Online expects a net loss of 580 million to 700 million yuan for 2025, a significant increase from the previous year's loss of 243 million yuan [25] - The losses are linked to increased promotional investments in overseas markets [25] Group 10: Huaxia Happiness - Huaxia Happiness anticipates a net loss of 16 billion to 24 billion yuan for 2025, a substantial increase from the previous year's loss of 4.817 billion yuan [26] - The decline is due to reduced project turnover and high financial costs [26]

Group 1 - The independent director of *ST Dongjing, Fu Baoshan, is under investigation by the China Securities Regulatory Commission for suspected insider trading [2][4] - The investigation is personal and unrelated to the company's operations, and it will not affect the company's daily business activities [4] - Fu Baoshan has submitted a written resignation report, applying to resign from his position as an independent director of the company's seventh board [4] Group 2 - *ST Dongjing, formerly known as Dongjing Electronics, was established in 1999 and listed on the Shenzhen Stock Exchange in 2007, focusing on quartz crystal components [4] - The company has been under delisting risk warning since March 26, 2025, with its stock name changed to *ST Dongjing, and a daily price fluctuation limit of 5% [4] - For the fiscal year 2024, *ST Dongjing reported an audited revenue of 217 million and a net loss attributable to shareholders of 73.45 million [4] Group 3 - Recently, *ST Dongjing's stock price has experienced significant fluctuations, with a cumulative price increase of over 12% during three consecutive trading days from January 7 to January 9, 2026 [5] - The company issued an abnormal trading announcement due to the significant price deviation [5]

Core Viewpoint - The company *ST Dongjing (002199)* has received a notice from its independent director, Mr. Fu Baoshan, regarding an investigation by the China Securities Regulatory Commission (CSRC) for suspected insider trading [1] Group 1 - The CSRC has decided to initiate a case against Mr. Fu Baoshan based on the allegations of insider trading [1] - The investigation is conducted under the Securities Law of the People's Republic of China and the Administrative Penalty Law [1]

Shareholder Reduction - New China Group's shareholder, New Work Group, plans to reduce its stake by no more than 3% [1] - Shuyuan Pingmin's shareholder, Alibaba Health, intends to reduce its stake by no more than 2% [1] - Zhejiang Yongqiang's shareholder, Xie Jianqiang, plans to reduce his stake by no more than 1.13% [1] - Xiangyu Medical's shareholder, Anyang Qixu, intends to reduce his stake by no more than 3% [1] - Zhangyue Technology's shareholder, Quantum Leap, plans to reduce its stake by no more than 1% [1] - Fudan Zhangjiang's shareholder, Yang Zongmeng, has reduced 10.3657 million shares [1] - Saiwei Times' shareholder, Zhongteng Investment, has reduced 12.1037 million shares [1] - Aokang International's shareholder, Xiang Jinyu, has cumulatively reduced 1.21% of the company's shares [1] - Fute Technology's shareholder, Changjiang Weilai Industrial Fund, has cumulatively reduced 1.6492% of the shares [1] - New Giant's shareholder, Suzhou Houqi, has cumulatively reduced 1.4997% of the shares [1] - Baolingbao's shareholder, De Pufutong, has cumulatively reduced 1.10689% of the shares [1] - Hongqiang's actual controller, Liu Lianjun, plans to reduce his stake by no more than 1% [1] - Yashiguangdian's shareholder, Bian Ruiqun, has cumulatively reduced 1.0695% of the shares [1] Other Financial Issues - Ruimao Tong has reported overdue debts amounting to approximately 856 million yuan [1] - *ST Dongjing is under investigation by the Securities Regulatory Commission due to independent director Fu Baoshan's suspected insider trading [1]

Core Viewpoint - The company *ST Dongjing (002199.SZ)* has received a notice from the independent director Mr. Fu Baoshan regarding an investigation by the China Securities Regulatory Commission (CSRC) for suspected insider trading [1] Group 1 - The CSRC has decided to initiate a case against Mr. Fu Baoshan based on the allegations of insider trading [1] - The investigation is conducted under the provisions of the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China [1]

Group 1 - Hangxiao Steel Structure announced that it does not have a "commercial aerospace" business, with its main operations focused on steel structure contracting and related services, and a recent project contributing less than 1% to its 2024 audited revenue [1] - Tianlong Group stated that it has not generated additional revenue from AI tools, which are currently used internally for advertising content creation, and that the overall business operations remain unaffected [1] - Wanxing Technology confirmed that there are no undisclosed significant matters affecting its operations, and its business environment remains stable [2] Group 2 - Yaxing Chemical announced the termination of a share issuance and cash purchase of assets due to market changes and disagreements on asset valuation [2] - Zhejiang Shuculture clarified that its subsidiaries do not engage in GEO business, which has been misreported by media [2] - Luxshare Precision terminated the acquisition of assets from Wintime Technology due to delivery restrictions, with a request for the return of 1.53 billion RMB [3] Group 3 - Jinyu Group reported that its subsidiaries' revenues from specific projects are minimal compared to its overall revenue, with a small contribution from recent contracts [4] - Tongyu Communication highlighted that its stock price has significantly outpaced its fundamentals, indicating potential risks of a price correction [4] - Dongfang Mingzhu noted that the listing process for its investment in Chaoguhuan has uncertainties but currently does not impact its performance [5] Group 4 - Luyin Investment warned of risks associated with its stock price surge, which has increased by 86.92% over the last ten trading days [5] - Puyuan Information stated that its AI software platform is in the early commercialization stage, with limited revenue impact expected [6] - Zhejiang Wenhu Intermediary reported that its GEO business has not yet generated revenue, reflecting uncertainties in market acceptance [6] Group 5 - Xinhua News confirmed that its GEO business lacks a mature profit model and has not generated income [7] - People's Daily stated that it does not engage in GEO business and has not been affected by market rumors [7] - China First Heavy Industries reported minimal involvement in controllable nuclear fusion projects, with no significant revenue generated [8] Group 6 - Xibu Mining announced an increase in copper resources at the Yulong Copper Mine, adding 131.42 million tons of copper metal resources [8] - Jiurui New Materials commenced trial production of a new photoinitiator project, expected to cater to mainstream markets [9] - Tongda Sea indicated that AI-related revenue is low and does not significantly impact overall business performance [10] Group 7 - Zhenai Meijia's stock price has deviated significantly from market indices, prompting caution for investors [11] - Guizhou Moutai approved a new marketing strategy to enhance its sales channels and adapt to consumer demands [12] - Shunhao Co. plans to increase its stake in a subsidiary, reflecting confidence in future business prospects [14] Group 8 - A number of companies, including TCL Technology and Dazhu CNC, forecast significant profit increases for 2025, driven by operational improvements and market demand [19][22] - Long Cable Technology expects a profit increase due to changes in its employee stock plan and market conditions [22] - Jiangsu Electric Power reported a profit increase attributed to higher sales and reduced financial costs [29]

Core Viewpoint - *ST Dongjing (002199.SZ) has received a notice from the independent director Mr. Fu Baoshan regarding an investigation by the China Securities Regulatory Commission (CSRC) for suspected insider trading, which is unrelated to the company and will not affect its daily operations [1] Group 1 - The CSRC has decided to initiate an investigation against Mr. Fu Baoshan based on the Securities Law and the Administrative Penalty Law of the People's Republic of China [1] - Mr. Fu Baoshan has submitted a written resignation report to the company's board, applying to resign from his position as an independent director, effective upon the election of a new independent director at the shareholders' meeting [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by relevant laws and regulations [1]