Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its crackdown on financial fraud among listed companies, imposing significant penalties on multiple firms for financial misconduct, with some companies facing penalties exceeding 100 million yuan [1] Group 1: Regulatory Actions - On September 12, several companies including *ST Dongtong (300379.SZ), Lieneng 5 (formerly Yili Clean Energy), *ST Guangdao (839680.BJ), ST Tiansheng (002872.SZ), *ST Xinchao (600777.SH), and *ST Lingda (300125.SZ) disclosed administrative penalties from the CSRC [1] - Companies such as *ST Dongtong and Lieneng 5, along with their executives, were fined over 100 million yuan [1] Group 2: Industry Trends - The regulatory environment has shifted towards a "zero tolerance" approach regarding financial fraud, with enforcement actions becoming increasingly stringent [1] - This year, numerous companies have received penalties exceeding 100 million yuan due to significant financial fraud, with over ten companies facing forced delisting as a result of major violations [1] - Even companies that have already been delisted continue to face accountability for their financial misconduct [1]

未按规定披露关联方资金占用情况方面，*ST聆达连续12个月内累计关联方资金占用金额为6560万元， 占最近一期经审计净资产的9.95%。 对上述资金占用行为，*ST聆达未履行上市公司相关审议程序和信息披露义务，其中2023年7月24日、 2023年8月至9月期间发生的2笔合计5000万元资金占用未在2023年年度报告中披露，占当期经审计净资 产的12.13%；2023年关联方资金占用期末余额5648.08万元，占当期经审计净资产的13.71%。 *ST聆达9月11日晚发布公告称，因公司涉嫌资金占用、违规担保事项，大连证监局当日对公司下发 《行政处罚决定书》，对公司及时任董事长王明圣、副董事长林志煌给予警告，并合计罚款500万元。 相关业内人士表示，对*ST聆达及相关责任人的处罚，体现了监管层对资金占用、违规担保等行为 的"零容忍"态度。有关方面不断加大工作力度，持续完善立体追责体系，更好地保护上市公司和中小投 资者利益。 对于资金占用，公司信披违法违规 经查，*ST聆达通过采购预付款、在建工程、借款合同、银行承兑汇票贴现等方式向关联方转移资金， 累计占用金额6560万元，违规担保金额1.26亿元，严重侵害上市 ...

Core Viewpoint - *ST Lingda has been penalized by the Dalian Securities Regulatory Bureau for violations related to undisclosed external guarantees and related party fund occupation, resulting in a total fine of 5 million yuan for the company and its executives [1][4]. Summary by Relevant Sections Violations - *ST Lingda and its executives, including Chairman Wang Mingsheng and Vice Chairman Lin Zhihuang, failed to disclose external guarantee matters and related party fund occupation as required [2][3]. - The company’s wholly-owned subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., provided guarantees for bank acceptance bills totaling 126 million yuan, which accounted for 19.10% of the company's latest audited net assets [2]. - The total amount of related party fund occupation reached 65.6 million yuan, representing 9.95% of the company's latest audited net assets [3]. Regulatory Actions - The Dalian Securities Regulatory Bureau issued a formal investigation notice to *ST Lingda in late 2024, followed by an administrative penalty notice in August 2023 [4][5]. - The regulatory body emphasized strict supervision and rapid response to violations, leading to the return of all occupied funds by related parties and the cancellation of illegal guarantees [5]. Future Oversight - The Dalian Securities Regulatory Bureau plans to enhance continuous supervision of listed companies through compliance training and case warnings to improve the compliance awareness of key personnel [6]. - The bureau remains committed to strict enforcement against financial fraud and fund occupation to ensure high-quality development of the capital market [6].

登录新浪财经APP 搜索【信披】查看更多考评等级 近日，聆达集团股份有限公司（证券代码：300125，证券简称：*ST聆达（维权））及相关人员收到中 国证券监督管理委员会大连监管局出具的行政监管措施决定书，涉及多项违规问题。 聆达股份存在的问题主要包括：未及时披露全资子公司金寨嘉悦新能源科技有限公司停工停产情况； 2023年年报未对金寨嘉悦二期5.0GW高效电池片项目实施减值测试，且未充分披露可能损失的设备预付 款情况；2022年11月至2023年6月与关联方安徽晶飞科技有限公司开展购销电池片及光伏组件委托加工 业务，未及时对外公告。 基于上述违规行为，大连监管局对聆达股份采取责令改正的监管措施，并记入证券期货市场诚信档案。 对时任董事长王明圣、时任副董事长兼首席执行官林志煌采取出具警示函的监管措施，并记入证券期货 市场诚信档案。 聆达股份及相关责任人表示，收到决定书后高度重视所指出的问题，将认真吸取教训，全面梳理公司治 理、内部控制等方面的薄弱环节，严格按要求整改并提交书面报告。同时，公司将加强相关人员对证券 法律法规的学习，提高规范运作和信息披露水平。此次监管措施不会影响公司正常经营管理活动，公司 将继续 ...

Core Points - The electricity sector experienced a rise of 0.91% on the trading day, with Lu Xiao Technology leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Company Performance - Lu Xiao Technology (002617) closed at 9.09, with a gain of 10.05% and a trading volume of 3.1734 million shares, totaling a transaction value of 2.797 billion [1] - Shanghai Electric (600021) closed at 20.77, up 10.01%, with a trading volume of 1.5713 million shares, totaling a transaction value of 3.059 billion [1] - Tianfu Energy (600509) closed at 7.32, with a gain of 7.17% and a trading volume of 1.4411 million shares, totaling a transaction value of 1.039 billion [1] - Longyuan Power (001289) closed at 17.82, up 6.07%, with a trading volume of 154,700 shares, totaling a transaction value of 270 million [1] - Jingyuntong (601908) closed at 4.34, with a gain of 5.60% and a trading volume of 2.3028 million shares, totaling a transaction value of 992 million [1] - Other notable performers include Jiaze New Energy (619109), Xiexin Energy Technology (002015), Huaguang Huaneng (600475), ST Yinda (300125), and Jiawei New Energy (300317) with varying gains and trading volumes [1] Fund Flow - The electricity sector saw a net inflow of 784 million from main funds, while retail funds experienced a net outflow of 246 million [3] - Speculative funds had a net outflow of 538 million [3]

Core Viewpoint - Regulatory authorities maintain a strict enforcement attitude towards the misuse of funds by major shareholders and related parties of listed companies, with recent penalties imposed on two companies for fund occupation issues [1][8]. Group 1: Regulatory Actions - Shandong Xinhua Jin International Co., Ltd. (Xinhua Jin) received an administrative penalty from the Qingdao Securities Regulatory Bureau for non-operational occupation of company funds amounting to 406 million yuan [2]. - *ST Lingda was warned and fined 1 million yuan by the Dalian Securities Regulatory Bureau for failing to disclose related party fund occupation and guarantee matters [3]. Group 2: Company Responses - Tibet Development Co., Ltd. (ST Xifa) announced a plan to resolve fund occupation issues by having its controlling shareholder, Xizang Shengbang Holdings Co., Ltd., offset 150 million yuan of occupied funds with a debt [4]. - ST Xifa's resolution of 331 million yuan in fund occupation issues is expected to enhance its financial condition and promote long-term stable development [4][5]. Group 3: Industry Context - Fund occupation is defined as the act of major shareholders misappropriating company funds, which can lead to significant risks for listed companies, including potential delisting [7]. - The regulatory environment has intensified, with the China Securities Regulatory Commission cracking down on 35 fund occupation cases in 2024, highlighting the ongoing issues within the industry [8].

Core Viewpoint - The company, Lingda Group Co., Ltd., is currently facing significant financial distress, with a high risk of bankruptcy and potential delisting from the Shenzhen Stock Exchange due to ongoing restructuring efforts and uncertainties surrounding its financial obligations [1][2][3]. Group 1: Restructuring Process - The company has been subjected to a risk warning for delisting and is currently undergoing a pre-restructuring process initiated by the Liu'an Intermediate People's Court, following an application by creditor Jinzai Huijin Investment Co., Ltd. due to the company's inability to repay debts [1][2]. - The court has appointed a temporary management team to oversee the pre-restructuring phase, which aims to assess the company's restructuring value and feasibility while minimizing costs [2]. - A public recruitment for restructuring investors was conducted, with four interested parties submitting applications, leading to the selection of a consortium formed by Zhejiang Zhongling Technology Co., Ltd. and Hefei Weidi Semiconductor Materials Co., Ltd. as the restructuring investors [3]. Group 2: Financial Obligations and Risks - The company has signed a restructuring investment agreement with the selected investors, but there are risks associated with the fulfillment of financial obligations, including potential failure to secure necessary funding [5][6]. - The company has been actively disclosing updates regarding the restructuring process and the associated uncertainties, including the possibility of its stock facing additional delisting risk if the restructuring is not successful [6][7]. - The company emphasizes the importance of adhering to regulatory requirements for information disclosure and urges investors to remain cautious regarding the inherent risks in the secondary market [8].

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-087 聆达集团股份有限公司 一、被实施风险警示的基本情况 关于公司股票被实施退市风险警示 并继续叠加其他风险警示相关事项的进展公告 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。 重要内容提示： 公司 2024 年度经审计的扣除非经常性损益后的净利润为-85,579 万元且 扣除后营业收入为 5,785 万元，期末净资产为-53,841 万元。根据《深圳证券交易 所创业板股票上市规则》（2025 年修订）（以下简称：《上市规则》）第 10.3.1 条第一款第（一）（二）项规定，公司股票交易于 2025 年 4 月 25 日起被实施退 市风险警示。 （一）被实施退市风险警示的基本情况 公司 2022 至 2024 年扣非前后净利润孰低值为负且 2024 年财务报告被致 同会计师事务所（特殊普通合伙）出具了带有持续经营重大不确定性段落的无保 留意见审计报告；《2024 年度内部控制审计报告》被出具了否定意见；公司子 公司金寨嘉悦新能源科技有限公司（以下简称：金寨嘉悦）高效太阳能电池片生 产线于 ...

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-088 聆达集团股份有限公司 关于公司预重整事项进展暨风险提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别风险提示： 3、公司股票被终止上市的风险 如果法院正式启动对公司的重整，若重整失败，公司将存在被宣告破产清算 的风险，如果公司被宣告破产清算，根据《深圳证券交易所创业板股票上市规则》 的相关规定，公司股票将面临被终止上市的风险。 4、公司存在重整投资协议不能履约的风险 公司可能存在因重整投资人筹措资金不到位等无法按照协议约定履行投资 义务的风险。虽然《重整投资协议》已经签署，但仍可能存在协议被终止、解除、 撤销、认定为未生效、无效或不能履行等风险。 根据《深圳证券交易所创业板股票上市规则》《上市公司自律监管指引第 14 号—破产重整等事项》相关规定，公司将每月披露一次预重整事项的进展情 况。现将相关进展情况公告如下： 1、公司是否进入重整程序尚存在不确定性 一、预重整进展情况 截至本公告披露日，公司尚未收到法院关于进入重整程序的相关法律文书， 公司是否进入重整程序尚存在重大 ...

Core Viewpoint - *ST Lingda (300125.SZ) has experienced a significant stock price increase following the announcement of administrative penalties, indicating market optimism about its restructuring efforts and potential recovery from past operational challenges [1][2]. Group 1: Administrative Penalties and Market Reaction - On August 26, *ST Lingda received a notice of administrative penalties from the Dalian Regulatory Bureau, confirming violations related to undisclosed external guarantees and related party fund occupation, resulting in a warning and fines [1]. - The first trading day after the announcement saw *ST Lingda's stock price hit the daily limit, opening at a 20% increase to 8.36 yuan per share [1]. Group 2: Restructuring and Investment - Following creditor applications for restructuring, the Liu'an Intermediate People's Court initiated pre-restructuring for *ST Lingda, with a consortium led by Zhejiang Zhongling Technology Co., Ltd. and Hefei Weidi Semiconductor Materials Co., Ltd. designated as the pre-restructuring investors [1][2]. - In March, Hefei Weidi appointed its subsidiary, Jinzhai Jinwei Semiconductor Materials Co., Ltd., as a participant in the restructuring investment, alongside several financial investors [2]. Group 3: Future Business Direction - If the restructuring is successful, *ST Lingda may exit the photovoltaic industry and integrate assets under the control of Peng Qian, who is also the actual controller of Zhejiang Zhongling and the listed company Jingce Electronics [2][3]. - The restructuring investment agreement indicates that *ST Lingda plans to leverage the industrial resources of its investors to gradually introduce new business lines, such as electrochromic EC film materials and high-precision metal masks, aligning with the investors' existing operations [3].