Group 1 - The company has signed a construction contract for the "Smart Agriculture Project in Luoping County, Qujing City, Yunnan Province" with a contract value of 653.90 million yuan [1] - The contract amount represents approximately 26.34% of the company's audited operating revenue for 2024 [1] - The execution of this contract is expected to have a positive impact on the company's future operating performance and will not affect its business independence [1] Group 2 - The project has a construction period of 360 calendar days [1] - There are risks associated with the execution of the contract due to potential force majeure events [1]

Core Viewpoint - The infrastructure sector experienced a decline of 0.46% on December 30, with ST Lingnan leading the losses, while the Shanghai Composite Index remained stable with a slight decrease of 0.0% and the Shenzhen Component Index increased by 0.49% [1]. Group 1: Market Performance - The infrastructure sector's stocks showed mixed performance, with notable gainers including Dongzhu Ecological (up 10.04% to 9.97) and ST Huawang (up 5.03% to 5.85) [1]. - The overall trading volume in the infrastructure sector was significant, with Dongzhu Ecological achieving a transaction value of 576 million yuan [1]. Group 2: Key Decliners - ST Lingnan saw the largest decline, dropping 4.71% to a closing price of 1.62, with a trading volume of 550,600 shares and a transaction value of approximately 9.08 million yuan [2]. - Other notable decliners included Suwen Electric Power (down 3.77% to 20.40) and Xinjiang Jiaojian (down 2.85% to 16.04) [2]. Group 3: Capital Flow - The infrastructure sector experienced a net outflow of 396 million yuan from institutional investors, while retail investors contributed a net inflow of 330 million yuan [2]. - The capital flow data indicates that Dongzhu Ecological attracted a significant net inflow of 132 million yuan from institutional investors, while retail investors showed a net outflow [3].

Core Viewpoint - Zhejiang Weihai Construction Group Co., Ltd. (hereinafter referred to as "Weihai Co.") announced the removal of delisting risk warnings and some other risk warnings for its stock, while continuing to implement other risk warnings, with corresponding changes to its stock abbreviation [1] Group 1 - The stock of Weihai Co. will be suspended for one day starting from December 22, 2025, and will officially resume trading on December 23, 2025 [1] - After resumption, the stock abbreviation will change from "*ST Weihai (002586)" to "ST Weihai," while the stock code will remain "002586" [1] - The daily price fluctuation limit for the stock will continue to be set at 5% [1] Group 2 - The adjustment of risk warnings is primarily due to Weihai Co. meeting the core conditions for the removal of related warnings [1] - The financial accounting reports for the fiscal years 2023 and 2024 have been issued with standard unqualified audit opinions, indicating improvements in internal controls [1] - Previous issues related to irregular guarantees and fund occupation have been resolved, aligning with regulatory requirements for the removal of delisting risk warnings and some other risk warnings [1] Group 3 - The adjustment of risk warnings has partially alleviated the delisting risk for Weihai Co., indicating improvements in internal control governance [1] - Future stock price performance and the progress of further risk warning removals will require attention to related disclosure dynamics [1]

Group 1 - *ST Dongyi's restructuring plan has been approved by the court, marking the end of its restructuring process and entering the execution phase, which is expected to improve the company's financial structure and promote sustainable development [1] - Guankang Technology is planning to acquire at least 60% of Liaojing Electronics' shares, leading to a suspension of trading starting December 22, 2025, due to uncertainties surrounding the transaction [2] - Zhuoran Co. and its actual controller are under investigation for suspected violations of information disclosure laws, but the company's operations remain normal during this period [3] Group 2 - China Shenhua plans to issue A-shares and pay cash to acquire assets from its controlling shareholder, with a total transaction value of 133.598 billion yuan, which will significantly enhance its coal resource reserves and production capacity [5] - Bohai Chemical has decided to terminate its major asset restructuring plan due to a lack of agreement on key terms, with trading resuming on December 22, 2025 [6] - Jinshi Resources intends to acquire a 15.7147% stake in Noah Fluorine Chemical for approximately 256.94 million yuan, which will strengthen its position in the fluorine chemical sector [8] Group 3 - Qingdao Port plans to invest 9.097 billion yuan in the construction of a container terminal, with an expected internal rate of return of 8.15% [13] - Tianchuang Fashion is undergoing a potential change in control, leading to a suspension of its stock starting December 22, 2025, for a maximum of two trading days [12] - Deyu Water Conservancy has won a bid for a significant irrigation project in Guangxi, with a contract value of 1 billion yuan, which is expected to positively impact future earnings [15] Group 4 - The stock of Guizhou Bailin will be suspended for one day starting December 22, 2025, due to an administrative penalty notice, and will resume trading under the name "ST Bailin" [20] - *ST Weihai's stock will also be suspended for one day and will resume trading on December 23, 2025, with the removal of certain risk warnings [23] - Tianpu Co. has completed a public offering of shares, with a total of 33.52 million shares being offered at a price of 23.98 yuan per share [21]

Group 1 - The company *ST Weihai (002586) announced that its stock will be suspended for one day starting from December 22 and will resume trading on December 23, with the delisting risk warning and some other risk warnings being lifted [2] - The stock name will change from "*ST Weihai" to "ST Weihai," while the stock code will remain "002586" [2] - The daily price fluctuation limit for the stock will continue to be set at 5% [2]

Core Viewpoint - *ST Weihai has finally responded to the Shenzhen Stock Exchange's inquiry regarding its 2023 annual report after nearly 20 months, marking a potential turning point for the company as it prepares to lift the delisting risk warning on its stock [1][7]. Group 1: Company Response and Financial Issues - The company received an inquiry letter from the Shenzhen Stock Exchange on May 5, 2024, regarding its 2023 annual report, which required explanations on audit opinions, accounting errors, and executive departures [2][8]. - On July 27, 2023, *ST Weihai received a notice of investigation from the China Securities Regulatory Commission (CSRC), which identified issues in its financial reporting, including improper accounting treatment that inflated profits in 2021 and reduced profits in 2022 [2][8]. - In January 2024, the company disclosed corrections to accounting errors affecting revenue and costs from 2018 to 2022, but stated that these corrections did not significantly alter the nature of its earnings or losses, except for the year 2021 [2][8]. Group 2: Audit and Compliance - The company's auditors confirmed that the previous accounting errors do not pose a significant risk of delisting, and the corrections made do not materially affect the 2023 financial statements [3][9]. - Following the resignation of the company’s secretary and financial director in April 2024, the company clarified that their departures were due to personal reasons and not related to disagreements over financial reporting [3][9]. Group 3: Stock Status and Financial Health - On December 19, 2024, it was announced that *ST Weihai's stock would be suspended for one day on December 22 and would resume trading on December 23, with the delisting risk warning being lifted and the stock name changing from "*ST Weihai" to "ST Weihai" [4][10]. - Despite the lifting of the delisting risk warning, the stock will continue to face other risk warnings due to previous financial misreporting, with plans to apply for the removal of these warnings after 12 months from the issuance of the administrative penalty decision [4][11]. - As of the end of 2024, *ST Weihai reported total assets of 75.76 billion, net assets of 29.43 billion, and a debt-to-asset ratio of 61.15%, with cash reserves of 13.01 billion and no overdue borrowings [5][11].

2025年12月19日，*ST围海（002586）(SZ002586，股价4.10元，市值46.91亿元，即围海股份)终于回复 了深交所关于公司2023年年报的问询函，这距离公司收到问询函已过去近20个月。同时，公司还一并回 复了深交所2025年5月下发的公司2024年年报问询函。 这家因2022年财务报告被出具无法表示意见审计报告而被实施退市风险警示的公司，在经历了调查、更 正、高管变动等一系列风波后，迎来了一丝转机，公司股票将在23日复牌后撤销退市风险警示。近20个 月才回复 2024年5月5日，*ST围海收到深交所2023年年报的问询函，要求公司就审计意见、会计差错更正、高管 离职等多项问题进行说明或补充说明。然而，直到如今公司才正式发布回复公告，背后是复杂的会计差 错更正和持续的监管调查。 据公告，2023年7月27日，*ST围海收到中国证监会《立案告知书》，2023年年底，宁波证监局出具行 政处罚事先告知书，认定公司2019年度无合理依据对子公司上海千年城市规划工程设计股份有限公司 (以下简称上海千年)相关商誉全额计提商誉减值准备，部分工程项目会计处理存在问题，导致虚增2021 年度利润、虚减202 ...

Core Viewpoint - *ST Weihai has finally responded to the Shenzhen Stock Exchange regarding its 2023 annual report inquiry after nearly 20 months, indicating a potential turnaround for the company as it prepares to lift its delisting risk warning [2][3]. Group 1: Company Response and Financial Adjustments - The company received an inquiry from the Shenzhen Stock Exchange on May 5, 2024, regarding its 2023 annual report, which required explanations on audit opinions, accounting errors, and executive departures [3]. - The company faced a series of issues including a lack of reasonable basis for goodwill impairment related to its subsidiary Shanghai Qinnian, leading to inflated profits in 2021 and reduced profits in 2022 [3]. - In January 2024, *ST Weihai disclosed corrections to accounting errors affecting revenue and costs from 2018 to 2022, although it stated that these corrections did not significantly impact the financial statements except for the 2021 fiscal year [3][4]. Group 2: Audit and Compliance - The company's auditors confirmed that the prior accounting errors do not pose a significant risk of delisting and that the corrections will not materially affect the 2023 financial statements [4]. - In April 2024, the company’s secretary and financial director resigned, raising concerns about potential discrepancies in financial reporting, but the company clarified that the departures were for personal reasons and did not indicate major disagreements [4]. Group 3: Stock Status and Financial Health - On December 19, 2025, it was announced that *ST Weihai's stock would be suspended for one day on December 22 and would resume trading on December 23, with the delisting risk warning being lifted [5]. - The company received a standard unqualified audit report for its 2023 financials, indicating compliance with regulatory standards [5][6]. - As of the end of 2024, *ST Weihai reported total assets of 75.76 billion yuan, net assets of 29.43 billion yuan, and a debt-to-asset ratio of 61.15%, with cash reserves of 13.01 billion yuan [6].

Group 1 - The company *ST Weihai (002586.SZ) will suspend trading for one day on December 22, 2025, and will resume trading on December 23, 2025, with the removal of the delisting risk warning and some other risk warnings [1] - The stock abbreviation will change from "*ST Weihai" to "ST Weihai," while the stock code remains "002586" [1] - The daily price fluctuation limit for the stock will continue to be set at 5% [1]

*ST围海12月19日公告，公司股票将于52025年12月22日（星期一）开市起停牌一天，并于2025年12月 23日（星期二）开市起复牌并撤销退市风险警示及部分其他风险警示，并被继续实施其他风险警示。公 司股票简称由"*ST围海"变更为"ST围海"，股票代码仍为"002586"，股票交易价格的日涨跌幅限制仍为 5%。 ...