Core Viewpoint - Several A-share companies are facing risk warnings due to violations related to false disclosures in their financial reports, leading to temporary trading suspensions and changes in stock designations to "ST" [1][4][7][11]. Group 1: Company Specifics - Xiangxue Pharmaceutical will be designated as "ST Xiangxue" after receiving a notice from the China Securities Regulatory Commission (CSRC) regarding false disclosures in its 2019 annual report, which included significant omissions related to related party non-operating fund occupation from 2016 to 2020 [4][6]. - Langyuan Co. will be designated as "ST Langyuan" following a similar notice from the Shandong Securities Regulatory Bureau, which identified false disclosures in its 2019 annual report, including inflated revenue and profits due to non-commercial contracts [8][9]. - Lianchuang Co. will also be designated as "ST Lianchuang" after receiving a notice indicating false disclosures in multiple reports from 2017 to 2019, particularly related to the acquisition of Shanghai Aotou and inflated financial figures [12][14]. Group 2: Regulatory Actions - The CSRC plans to impose penalties on Xiangxue Pharmaceutical, including a warning and a fine of 6 million yuan, along with individual fines for responsible parties [5][6]. - Langyuan Co. faces a proposed fine of 5 million yuan and individual penalties for executives, with significant market bans for key individuals [10]. - Lianchuang Co. is expected to receive a warning and a fine of 600,000 yuan, with severe penalties for responsible executives, including lifetime market bans for some [14].

Key Points - The article emphasizes the Chinese government's commitment to implementing proactive macro policies to support economic stability and growth, including potential new policies if necessary [2] - The article highlights the importance of enhancing the business environment for various enterprises through economic reforms and addressing bottlenecks in economic circulation [2] - The article discusses the upcoming significant events in the global market, including earnings reports from major companies and important economic data releases [4] Macro - Premier Li Qiang met with U.S. senators, stating that trade wars yield no winners and emphasizing the need for cooperation to address trade imbalances [6] - Vice Premier He Lifeng welcomed multinational companies to invest in China, highlighting the resilience and potential of the Chinese economy [6] - The government plans to deepen supply-side structural reforms and regulate competition to promote high-quality development [6] Domestic Stock Market - CITIC Securities identified two critical time points for the market: the first in early April when external risks are expected to materialize, and the second mid-year when U.S. economic and policy cycles may align with China's [9] - The "Leading Enterprise" action plan in Guangzhou aims to enhance the integration of industry and capital, promoting more competitive companies to go public [9] - The report notes a significant increase in new account openings at several securities firms, indicating growing market participation [10] Financial - A surge in the number of funds focusing on free cash flow indicates a market trend towards financial health metrics, driven by demand and policy direction [14] - The head of the Industrial and Commercial Bank of China emphasized the shift from a capital-centric to a technology-centric financial service model [14] Real Estate - Suggestions were made to stabilize asset prices and improve income levels to boost consumer spending, particularly in real estate and equity markets [17] Industry - XPeng Motors' chairman discussed the future of high-level autonomous driving technology, predicting significant advancements in the coming years [19] - The Henan province announced plans for extensive 5G infrastructure development, aiming for over 270,000 5G base stations in the next three years [19] Overseas - The WTO Director-General highlighted the U.S. as a major beneficiary of global trade, countering claims of trade disadvantages [21] - The UK government plans to invest £600 million to address skill shortages in the construction sector, crucial for housing development [22] International Stock Market - SpaceX aims to achieve a weekly launch frequency for its Starship within a year, enhancing its operational capabilities [23] Commodity - The China Iron and Steel Association noted that supply-demand imbalances are a key issue in the industry, advocating for the closure of new production capacity [26] - Methanol port inventories have decreased, indicating a market shift towards destocking [26] - BHP's CEO projected a significant copper supply gap in the next decade, emphasizing the need for substantial investment in mining [26] Bonds - The government plans to issue long-term special bonds to support various initiatives, with a focus on local government debt management [28] - The AI and robotics sectors are identified as key drivers of market growth, with expectations for increased investment opportunities [28]

证券代码：300175 证券简称：朗源股份 公告编号：2025-003 朗源股份有限公司 2018年12月，朗源股份收购广东优世联合控股集团股份有限公司（以下简称 广东优世）51%股权，将其纳入合并报表范围。2019年，为了完成业绩承诺，广 东优世通过签订无商业实质的采购销售合同、虚构与第三方业务的方式虚增营业 收入、营业成本和利润，导致朗源股份2019年营业收入、营业成本、利润总额分 别虚增5,250.69万元、3,494.31万元和1,816.60万元，分别占当期披露对应项目 绝对值的9.03%、7.94%和43.02%。朗源股份2019年年度报告存在虚假记载。 关于公司及相关责任人收到《行政处罚事先告知书》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。） 朗源股份有限公司（以下简称"公司"）于2024年9月13日收到中国证券监 督管理委员会（以下简称"中国证监会"）下发的《立案告知书》（编号：证监 立案字0042024015号），因涉嫌信息披露违法违规，根据《中华人民共和国证券 法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立 ...

证券代码：300175 证券简称：朗源股份 公告编号：2025-004 朗源股份有限公司 关于公司股票交易将被实施其他风险警示 暨股票停复牌的提示性公告 （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。） 特别提示： 1、朗源股份有限公司（以下简称"公司"）于近日收到中国证券监督管理 委员会山东监管局（以下简称"山东证监局"）出具的《行政处罚事先告知书》 （〔2025〕3号），根据《深圳证券交易所创业板股票上市规则》第9.4条规定： "上市公司出现下列情形之一的，本所对其股票交易实施其他风险警示：（七） 根据中国证监会行政处罚事先告知书载明的事实，公司披露的年度报告财务指标 存在虚假记载，但未触及第10.5.2条第一款规定情形，前述财务指标包括营业收 入、利润总额、净利润、资产负债表中的资产或者负债科目"，深圳证券交易所 将对公司股票交易实施其他风险警示。 2、公司股票自2025年3月24日（星期一）开市起停牌1天，将于2025年3月25 日（星期二）开市起复牌。 3、公司股票自2025年3月25日（星期二）开市起被实施其他风险警示，股票 简称由"朗源股份"变 ...

Financial Projections - The estimated net profit for 2024 is projected to be a loss between 20 million and 40 million yuan, compared to a loss of 53.63 million yuan in the same period last year [2]. - The estimated operating revenue for 2024 is projected to be between 225 million and 260 million yuan, showing a slight increase from 220.24 million yuan in the previous year [2]. - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss between 20.1 million and 40.1 million yuan, compared to a loss of 55.76 million yuan last year [2]. Non-Recurring Gains and Losses - The impact of non-recurring gains and losses on net profit is approximately 100,000 yuan during the reporting period [4]. - The significant reduction in net profit loss is attributed to the exclusion of the subsidiary Guangdong Youshi United Holdings Group Co., Ltd. from the consolidated financial statements starting in the second half of 2024 [4]. Financial Data Status - The financial data provided is preliminary and has not been audited by an external accounting firm [5].

Group 1 - A new company, Cangxi Jinlang Agricultural Co., Ltd., has been established with a registered capital of 10 million yuan [1] - The legal representative of the company is Cao Yuchen [1] - The business scope includes the acquisition of primary agricultural products, sales of agricultural and sideline products, grain acquisition, and initial processing of edible agricultural products [1] Group 2 - The company is jointly held by Langyuan Co., Ltd. and other shareholders [2]

证券代码：300175 证券简称：朗源股份 公告编号：2024-125 朗源股份有限公司 关于对外投资设立控股子公司暨完成工商登记的公告 （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。） 朗源股份有限公司（以下简称"公司"）基于公司业务发展需要，以自有资 金与四川金融控股集团有限公司旗下专项基金四川苍溪金兴股权投资基金合伙 企业（有限合伙）（以下简称"金兴投资"）在四川省苍溪县共同出资 1,000 万元人民币设立合资公司苍溪金朗农业有限公司（以下简称"金朗农业"），拟 搭建公司西南供销基地，其中公司出资 650 万元人民币，占注册资本的 65%；金 兴投资出资 350 万元人民币，占注册资本的 35%。金朗农业成立后，将纳入公司 合并报表范围。 根据《深圳证券交易所创业板股票上市规则》、《公司章程》等相关规定， 本次对外投资事项无需提交公司董事会、股东大会审议，亦不构成关联交易，也 不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 近日，金朗农业已经完成公司注册登记手续，并取得苍溪县市场监督管理局 核发的营业执照。现将有关情况公告如下： 一、控股子 ...

证券代码：300175 证券简称：朗源股份 公告编号：2024-124 朗源股份有限公司 关于签署《综合金融服务协议》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。） 特别提示： 1、本次签订的《综合金融服务协议》属于签订双方确定合作意愿和基本原 则的框架性约定，不具有法律强制约束力，协议的具体实施情况尚存在一定的不 确定性。 2、协议执行可能存在因不可抗力等因素导致无法正常或持续履行的风险， 协议的签署对公司本年度的经营业绩不会产生影响，对未来年度经营业绩的影响 需根据具体项目的推进和实施情况而定。敬请广大投资者谨慎决策，注意防范投 资风险。 3、本次签署的协议为合作框架协议，不构成关联交易，也不构成《上市公 司重大资产重组管理办法》规定的重大资产重组。 一、协议签署概况 朗源股份有限公司（以下简称"公司"）基于自身业务需要，本着优势互补、 互惠共赢的原则，与四川金控企业服务有限公司（以下简称"金控企服"）于近 日签订《综合金融服务协议》（以下简称"本协议"），拟在产业培育、资本市场 业务、客户资源及信息交流等领域开展合作。 本次签署的协议为合作框 ...

| | | 朗源股份有限公司拟股权转让所涉及的太原市德蓝达科技有限公司的股东全部权益市场价值资产评估报告 声明 一、 本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估 协会发布的资产评估执业准则和职业道德准则编制。 二、 委托人或者其他资产评估报告使用人应当按照法律、行政法规规定和 本资产评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报 告使用人违反前述规定使用资产评估报告的，资产评估机构及其资产评估专业人 员不承担责任。 三、 本资产评估报告仅供委托人、资产评估委托合同中约定的其他资产评 估报告使用人和法律、行政法规规定的资产评估报告使用人使用；除此之外，其 他任何机构和个人不能成为资产评估报告的使用人。 四、 本资产评估机构及其资产评估专业人员提示资产评估报告使用人应当 正确理解和使用评估结论，评估结论不等同于评估对象可实现价格，评估结论不 应当被认为是对评估对象可实现价格的保证。 五、 资产评估报告使用人应当关注评估结论成立的假设前提、资产评估报 告特别事项说明和使用限制。 六、 本资产评估机构及其资产评估专业人员遵守法律、行政法规和资产评 估准则，坚持独立、客观、公正的原则 ...

1、本次交易标的资产包括公司持有的德蓝达 100%股权、对德蓝达的应收股 利及借款债权本金。 2、虽然交易各方已就本次交易的付款进度、交易担保及违约责任等进行了 明确约定，相关主体已同意向公司提供抵押、质押担保以及连带责任保证，但若 后续交易对方因不可预见的市场变化、自身经营突发状况等原因，在约定时间内 无法足额支付转让款，则本次交易价款存在不能及时、足额收回的风险。 3、本次交易完成后，德蓝达将不再纳入公司合并报表范围。公司将根据交 易的进展情况及时履行信息披露义务。敬请广大投资者注意投资风险。 证券代码：300175 证券简称：朗源股份 公告编号：2024-122 朗源股份有限公司 关于转让全资子公司 100%股权及债权的公告 （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。） 特别提示： 一、交易概述 为进一步整合优化资产结构及资源配置，回笼资金聚焦农副产品加工业务， 2024年11月12日，朗源股份有限公司（以下简称"公司"）与山西伽峰通信科技 有限公司（以下简称"山西伽峰"）签署了《朗源股份有限公司与山西伽峰通信 科技有限公司关于太原市德蓝达科技有限 ...