Group 1 - Company iFLYTEK is a leading player in the domestic AI sector, possessing its own Spark cognitive model with capabilities in code generation, intelligent development, research Q&A, and automated testing, and maintains a long-term deep cooperation with Huawei Cloud [1] - The model can efficiently collaborate with Huawei Cloud's CodeArts to provide AI-assisted development services across various industries including finance, government, education, industry, and healthcare [1] - The demand for enterprise-level AI coding is surging, leading to accelerated deployment in low-code development platforms, intelligent programming assistants, and industry digital solutions, with a robust income structure and growth potential [1] Group 2 - China Software is the absolute leader in the domestic software and Xinchuang industry, focusing on operating systems, databases, middleware, industry solutions, and major digital engineering services, with deep ecological binding with Huawei in various fields [2] - The comprehensive promotion of CodeArts will significantly enhance the company's software development efficiency, system iteration speed, and project delivery quality, effectively reducing R&D costs [2] - The company’s business deeply covers high-barrier industries such as finance, energy, transportation, government, and national defense, benefiting from dual dividends of policy support and industry demand [2] Group 3 - Yonyou Network is a leading vendor in the domestic enterprise cloud services and ERP sector, establishing long-term strategic cooperation with Huawei Cloud in hybrid cloud deployment, industrial internet, and digital transformation [3] - The self-developed enterprise-level AI model is fully integrated into Yonyou's BIP intelligent business platform, enhancing application development efficiency and driving high-quality growth in cloud service subscription revenue [3] - The company’s client base includes large and medium-sized enterprises, specialized and innovative companies, and growing SMEs, with increasing penetration in various industries [3] Group 4 - Oriental Guxin specializes in big data platforms, cloud computing services, industrial internet, and industry digital solutions, maintaining stable cooperation with Huawei in several areas [4] - The company provides integrated services in intelligent development, system integration, and data middle platform construction, with high business barriers and strong customer stickiness [4] - The AI coding tools' widespread adoption will significantly improve efficiency in large digital project delivery and core system iteration [4] Group 5 - Runhe Software is a core ecological co-builder of Huawei's open-source Harmony and Euler operating systems, participating deeply in ecological construction and adaptation development [5] - The company collaborates closely with Huawei Cloud in AI development tools, low-code platforms, and industry solutions, significantly enhancing application development and project delivery efficiency [5] - The widespread adoption of AI coding tools will effectively shorten project cycles, reduce R&D costs, and improve product stability [5] Group 6 - Digital China is a leading cloud management service and digital solution provider, deeply involved in Huawei's cloud ecosystem, offering a range of services including application development and digital transformation [6] - The company benefits from the growing demand for cloud management services and system integration as AI coding tools become prevalent in the enterprise sector [6] - Its comprehensive competitiveness continues to strengthen in various fields including digital government, intelligent manufacturing, and financial technology [6] Group 7 - Huasheng Tiancheng is a certified excellent ISV partner of Huawei, focusing on cloud computing, big data, and AI solutions, with deep collaboration in various areas [7] - The company’s products can seamlessly integrate with Huawei Cloud's CodeArts, expanding AI development service scenarios [7] - The widespread adoption of AI coding tools will significantly enhance delivery efficiency and product quality across key industries [7] Group 8 - Changshan Beiming, through its subsidiary Beiming Software, is a key ISV partner of Huawei, focusing on smart city, industrial internet, and financial technology [8] - The company collaborates deeply with Huawei Cloud in application development and data governance, with CodeArts enhancing software development efficiency [8] - The adoption of AI development tools will effectively reduce R&D costs and enhance product competitiveness [8] Group 9 - Tuo Wei Information is a strategic partner of Huawei across multiple core ecosystems, focusing on AI infrastructure and digital solutions [9] - The company provides AI development and digital services across various sectors, significantly improving code production efficiency [9] - The demand for AI coding in the enterprise sector continues to rise, leading to sustained business growth [9] Group 10 - Hand Information is a core partner of Huawei Cloud, focusing on enterprise digital transformation and ERP implementation services [10] - The company’s AI coding tools significantly enhance application development and system optimization efficiency [10] - The widespread promotion of CodeArts will open up long-term growth opportunities in enterprise digitalization and AI development services [10] Group 11 - Softcom Power is a leading software and digital technology service provider, deeply cooperating with Huawei Cloud to create intelligent solutions [11] - The company benefits from the widespread adoption of AI development tools, enhancing project delivery efficiency and order acquisition capabilities [11] - Its client base includes high-quality projects in finance, internet, and intelligent manufacturing [11] Group 12 - Donghua Software is a comprehensive industry solution provider, maintaining long-term cooperation with Huawei in various fields [12] - The company’s collaboration with Huawei Cloud enhances software development efficiency and project delivery quality [12] - The adoption of AI coding tools will further strengthen the company’s competitive position in the digital economy [12] Group 13 - Qiming Star is a leading enterprise in the network security sector, collaborating with Huawei in various security areas [13] - The company’s products are increasingly penetrating high-security demand industries, benefiting from the AI and security development model [13] - The demand for automated security operations and compliance code development is rapidly growing [13] Group 14 - SuperMap Software is a leading GIS platform provider, collaborating with Huawei in various fields [14] - The company’s GIS platform software is fully compatible with Huawei Cloud, enhancing industry application development efficiency [14] - The adoption of AI coding tools will accelerate the integration of GIS and AI applications [14] Group 15 - Baoxin Software is a dual leader in industrial software and IDC computing services, deeply cooperating with Huawei in various areas [15] - The company’s AI coding tools significantly enhance the efficiency and stability of industrial software development [15] - The company benefits from the growing demand for industrial AI and digital transformation [15] Group 16 - Unisplendour is a leading player in the ICT infrastructure sector, maintaining a competitive ecological partnership with Huawei [16] - The company provides integrated solutions in computing hardware, cloud platforms, and industry digital solutions [16] - The demand for AI and cloud computing is expected to drive sustained growth in the company’s performance [16] Group 17 - Shiji Information is a leader in hotel information and tourism digitalization, collaborating with Huawei in various areas [17] - The company’s AI technology enhances the efficiency of industry application development and system iteration [17] - The demand for intelligent systems in the tourism sector is expected to continue growing [17] Group 18 - Weining Health is a leader in the medical information sector, collaborating with Huawei to promote digital and intelligent upgrades [18] - The company’s products are widely used in various healthcare settings, benefiting from the growing demand for medical digitalization [18] - The adoption of AI coding tools will enhance the efficiency of medical software development [18] Group 19 - Hengsheng Electronics is a leader in financial IT, deeply cooperating with Huawei in various financial technology areas [19] - The company’s collaboration with Huawei enhances the efficiency of financial core system development [19] - The adoption of AI development tools is expected to strengthen the company’s position in the financial IT sector [19]

经济观察网 基于最新公开信息，ST银江（300020）（股票代码：300020）有以下值得关注的事件： 上海元卓与银江集团曾商讨业务协同方案，但表决权委托受阻及董事会提名分歧，预示合作前景不明。 公司虽与中铁建工等签订智慧基建协议，但成效待观察。 股东人数情况 自然人股东杨隐峰自2024年起持续增持，截至2025年三季度末持股比例达1.02%，成为第三大股东。其 关联方泛嘉科技与公司董事提名存在交集。 业绩经营情况 根据2026年1月30日发布的业绩预告，ST银江预计2025年全年归属净利润亏损17亿元至24.6亿元，主要 受行业收缩、订单下降及资产减值影响。此前2025年三季度报告显示，公司营收同比下滑76.01%，净 亏损5.44亿元。 违规披露情况 浙江裕丰律师事务所厉健律师指出，投资者诉ST银江虚假陈述案仍在进行中，索赔时效尚未届满。暂 定于2019年4月19日至2024年4月29日期间买入并持有股票的受损投资者可依法索赔。该案源于2025年4 月公司因信息披露违规被浙江证监局行政处罚。 公司结构与治理 ST银江曾因董事会流程不规范、未及时披露关联协议等问题，于2025年12月收到浙江证监局警示函。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 近日，投资者诉银江技术股份有限公司（简称：ST银江（维权）、银江技术，代码：300020）证券虚 假陈述案持续推进，原告代理人之一、浙江裕丰律师事务所厉健律师表示，ST银江索赔时效尚未届 满，后续受损股民仍可起诉。（厉健律师专栏） 案情回溯，2025年4月22日，银江技术发布《关于收到行政处罚决定书的公告》，公告显示，浙江证监 局查明，当事人违法主要事实如下：一、银江技术未按规定披露关联方非经营性资金占用，2023年年报 和2024年半年报存在虚假记载；二、银江技术未按规定披露关联担保，2018年至2023年年报存在重大遗 漏；三、2021年至2023年三季度财务报告存在虚假记载；四、银江技术相关公告文件信息披露不准确、 不完整。 根据最高人民法院虚假陈述司法解释，上市公司、中介机构等因证券虚假陈述行为导致投资者权益受 损，投资者可以依法起诉索赔， ...

Core Insights - The article discusses the performance of ST stocks in the Chinese capital market, highlighting a significant number of companies facing delisting risks due to poor financial results [2][3]. Group 1: Performance of ST Stocks - As of February 2, 178 ST stocks were under risk warnings, with 176 having released earnings forecasts, indicating a trend of companies struggling to meet performance expectations [2][3]. - Only 24% of ST stocks reported improved performance, with 118 continuing to incur losses, while 93 stocks under delisting risk showed that 58 were expected to continue losing money [3][4]. Group 2: Major Losses and Financial Indicators - ST晨鸣 (000488.SZ) is projected to incur the largest loss, estimated between 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [3][4]. - ST柯利达 (603828.SH) anticipates a net loss of 160 million to 200 million yuan, a drastic decline of 1964.13% to 2430.16% compared to the previous year [4]. Group 3: Delisting Risks - Companies like *ST岩石 and *ST精伦 are at risk of delisting due to failing to meet financial criteria, with *ST岩石 expected to have an operating income below 300 million yuan [5][6]. - Several ST stocks are likely to receive non-standard audit opinions, which could further jeopardize their listing status, such as *ST观典 and *ST太和 [5][6]. Group 4: Recovery Efforts - Some ST stocks are attempting to turn around their fortunes through restructuring and asset sales, with *ST金科 (000656.SZ) projecting a net profit of 30 billion to 35 billion yuan for 2025 after a significant debt restructuring [7][8]. - *ST松发 is also expected to achieve a net profit of 2.4 billion to 2.7 billion yuan, following a major asset restructuring that shifted its business focus [8][9].

Core Viewpoint - The article discusses the performance of risk warning stocks in the market, highlighting that a significant number of these stocks are facing delisting risks due to poor financial results and the implementation of stricter delisting regulations [3][5]. Group 1: Performance of Risk Warning Stocks - As of February 2, 2026, out of 178 risk warning stocks, 176 have released performance forecasts, with only 24% of ST stocks showing positive performance [4][7]. - Among the 93 stocks under delisting risk, 58 are expected to continue losing money, accounting for 69% of the group [7]. - ST晨鸣 (000488.SZ) is projected to incur a loss of between 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [7][8]. Group 2: Companies Facing Delisting Risks - Companies like *ST岩石 and *ST精伦 are expected to report negative net profits and insufficient revenue, leading to potential delisting [10]. - Some companies are already facing non-standard audit opinions, indicating further risks of delisting, such as *ST观典 and *ST太和 [11]. Group 3: Companies on the Path to Recovery - Certain ST stocks are attempting to turn around their fortunes through restructuring and asset sales, such as *ST金科, which is expected to report a net profit of 30 billion to 35 billion yuan after a successful restructuring [13]. - *ST松发 is projected to achieve a net profit of 2.4 billion to 2.7 billion yuan, following a significant asset restructuring that shifted its business focus [14].

Core Insights - The article highlights the significant number of companies facing delisting risks due to poor financial performance, with only 24% of ST stocks showing positive results [1][2] - A total of 178 ST stocks were analyzed, with 118 continuing to incur losses, indicating a concerning trend in the market [2][3] Group 1: Financial Performance of ST Stocks - Among the 178 ST stocks, 118 reported continued losses, while only 33 managed to turn a profit, and 12 reported first-time losses [2] - The largest projected loss comes from ST Chenming, with an estimated loss of 8.2 billion to 8.8 billion yuan, marking its third consecutive year of losses totaling 16.9 billion yuan [2][3] - ST Keli Da expects a net loss of 160 million to 200 million yuan for 2025, a drastic decline of 1964.13% to 2430.16% compared to the previous year [3] Group 2: Delisting Risks - Several companies, including ST Yanshi and ST Jinglun, have triggered financial delisting indicators, with ST Yanshi expected to have an operating income below 300 million yuan for 2025 [4] - ST Jinglun anticipates a negative net profit for 2025, with its stock facing potential delisting risks due to financial performance [4][5] - Audit firms have indicated that some ST stocks may receive non-standard audit opinions, further increasing delisting risks [4] Group 3: Recovery Efforts - Some ST stocks are attempting to recover through restructuring and asset sales, with ST Jinke projecting a turnaround with a net profit of 30 billion to 35 billion yuan for 2025 after completing a restructuring plan [6] - ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, following a significant asset restructuring that shifted its business focus [6][7] - ST Weir has also seen positive impacts on its performance through strategic asset acquisitions and divestitures, projecting a net profit of 19 million to 22 million yuan [7]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has demonstrated a strong commitment to regulatory enforcement in January 2026, with significant penalties imposed on multiple institutions and individuals, reflecting a "zero tolerance" stance towards violations in the capital market [1][9][10] Group 1: Regulatory Actions and Penalties - In January 2026, the CSRC has imposed administrative penalties on at least 13 institutions and 25 individuals, with total fines exceeding 1.1 billion yuan [1] - A notable case involved Yu Han, who was fined a total of 1.022 billion yuan for market manipulation, effectively nullifying his illicit gains and imposing additional penalties [2] - The regulatory actions have extended to private equity firms, listed companies, and intermediaries, with significant fines imposed on Zhejiang Ruifengda Asset Management Co., Ltd. and others for serious violations of private fund regulations [3] Group 2: Comprehensive Coverage of Violations - The CSRC has targeted not only market manipulation but also financial fraud, with companies like Luqiao Information and ST Changyao facing fines for financial misrepresentation [3][4] - The penalties also include actions against delisted companies for information disclosure violations, highlighting a comprehensive approach to enforcement [4] - The regulatory focus has shifted towards a more integrated accountability system, emphasizing simultaneous accountability for individuals, actions, and institutions [4][5] Group 3: Enhanced Enforcement Mechanisms - The connection between administrative penalties and criminal prosecution has been strengthened, allowing for a more effective response to securities violations [6] - The CSRC has expedited its investigation processes, with cases like Rongbai Technology being investigated within days of alleged misleading statements [7][8] - The regulatory environment is characterized by a combination of penalties, including fines, market bans, and restrictions on industry access, enhancing deterrent effects [5][10] Group 4: Future Regulatory Outlook - The CSRC's actions in January signal a continued emphasis on strict enforcement and the protection of investor rights, particularly for small and medium investors [9][10] - The regulatory framework is expected to evolve with a focus on substantive compliance and penetrating oversight, aiming to identify real control relationships and responsible parties [4][10] - The CSRC's commitment to a rigorous enforcement strategy is likely to stabilize market expectations and reinforce the message that violations will be met with serious consequences [10]

ST银江公告，预计2025年度净利润亏损17亿元—24.6亿元，上年同期亏损9.41亿元。公司承接新订单项 目较往年下降，导致公司营业收入较上年同期下降。同时公司人工成本、折旧摊销、财务费用等固定费 用，未与收入规模等比减少。根据行业惯例及公司往年情况，第四季度为回款高峰期，受市场和行业影 响，公司回款不达预期，基于谨慎性原则对应收账款、合同资产等进行全面检查和减值测试，因此计提 的相关资产减值准备金额较大。 ...

证券代码：300020 证券简称：ST 银江 公告编号：2026-005 银江技术股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 预计归属于上市公司股东的净利润为负值； | 项 | 目 | 本会计年度 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股 东的净利润 | | 亏损：170,000 万元—246,000 | 万元 | 亏损：94,148.85 万元 | | | | 比上年同期下降：80.57%—161.29% | | | | 扣除非经常性损益 后的净利润 | | 亏损：169,700 万元—245,700 | 万元 | 亏损：94,064.32 万元 | | | | 比上年同期下降：80.41%—161.20% | | | 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司初步测算结果，未经会计师事务所审计。公司 已就业绩预告有关事项与会计师事务所进行了预沟通，双方在本次业绩预告方面 不存在重大分歧，最终财务数据以审计结果为准。 三、业绩变动原因说明 ...

01 经济导报记者 于婉凝 新任董事长拍下3.65%股份 据淘宝网司法拍卖网络平台1月20日公示的《网络竞价成功确认书》，此次拍卖共分成5批次进行。每一 笔拍卖竞争都异常激烈，出价记录少则200多次，多则超300次。山东宝泽产业投资有限公司（下称"山 东宝泽"）在5场拍卖中均以最高出价胜出，最终，其合计耗资1.12亿元拿下2900万股股份，成交均价约 3.85元/股。 据公开资料，姚成岭出生于1978年，硕士研究生学历，高级工程师。他曾获评为济南市劳动模范，现任 济南市青年企业家协会会长、山东省青年企业家协会副会长、山东省青联常委、十三届山东省政协委 员、宝钜投资董事长。据称，姚成岭专注于平台运营、产业培育、产业投资，聚焦于人工智能和再生医 学等两大领域。 此次拍卖显著改变了ST银江的股东格局。拍卖前，姚成岭及宝钜投资并未出现在ST银江前十大股东/流 通股东名单中，ST银江去年12月中旬披露的董事会换届公告显示，姚成岭未持有公司股份；银江科技 集团持有公司8188.3万股股份，持股比例10.30%，为控股股东，公司实际控制人为王辉、刘健夫妇。 拍卖后，银江科技集团持股降至5288.3万股，比例缩水至6.65% ...