Core Viewpoint - *ST Tianyu (300205) is under investigation by the Wuhan Public Security Bureau for suspected fund misappropriation involving its actual controller, Yan Chunyu, although this is not expected to significantly impact the company's operations [1][3]. Group 1: Company Background - *ST Tianyu, established in August 1999, is a high-tech enterprise based in Wuhan, China, specializing in data security products and solutions [3]. - The company is listed on the Shenzhen Stock Exchange's ChiNext board with a registered capital of 430 million yuan [3]. Group 2: Recent Developments - Yan Chunyu, who was previously the chairman, is no longer serving as a director, supervisor, or senior management personnel as of the announcement date [1]. - There has been a series of resignations among the company's board and executives, including the chairman Yang Haitao and other key personnel due to personal reasons [3]. Group 3: Financial Performance - In the first quarter of 2025, *ST Tianyu reported a revenue of 45.37 million yuan, a year-on-year decline of 86.50% [3]. - The net profit attributable to shareholders was -40.19 million yuan, representing a year-on-year decrease of 947.89% [3]. - The basic earnings per share were reported at -0.09 yuan [3]. Group 4: Market Reaction - As of May 30, *ST Tianyu's stock price fell by 1.88%, closing at 4.18 yuan [4].

Mergers and Acquisitions - Bohai Automotive plans to acquire 51% equity stakes in Beijing Beiqi Moulding Technology Co., Ltd. and other companies through a combination of issuing shares and cash payment, indicating a significant asset restructuring [1] - Zhejiang Longsheng intends to purchase 37.57% of the shares in Desida Global Holdings for a total consideration of $697 million [2] - Hangzhou High-tech's subsidiary aims to acquire assets worth 19.29 million yuan, including machinery and electronic equipment, to support its business development [3] Shareholding Changes - Wuhan Tianyuan's major shareholder, Konka Group, plans to reduce its holdings by up to 19.90 million shares, representing 3% of the total share capital [4] - Xiaoming Co. announces that its shareholder, Xiamen Chentu, along with its concerted parties, intends to reduce their holdings by up to 5.57 million shares, accounting for 2.97% of the total share capital [5] - Dianzhi Technology's board member and supervisor plan to sell a small number of shares for personal financial needs, with reductions of 5,000 shares and 40,000 shares respectively [6] Risk Matters - ST Tianyu is under investigation by the police for alleged fund misappropriation involving its actual controller, which may impact investor confidence [7] - ST Jinglan has been subjected to an investigation by the China Securities Regulatory Commission for suspected information disclosure violations, although it claims this will not significantly affect its operations [9] - ST Yazhen warns of potential stock trading anomalies due to a significant price increase of 93.14% over a short period, indicating possible irrational market behavior [10]

Core Viewpoint - *ST Tianyu is facing significant challenges, including a criminal investigation into its actual controller for fund misappropriation, a series of executive resignations, and the risk of delisting due to negative audit opinions on internal controls and financial statements [1][2][10][11]. Group 1: Criminal Investigation - The company received a notice from the Wuhan Public Security Bureau regarding a criminal investigation into its actual controller, Yan Chunyu, for suspected fund misappropriation [2]. - The investigation meets the standards for criminal case filing as per Chinese law [2]. Group 2: Executive Resignations - Recent resignations include Chairman Yang Haitao, Director Eddie, and Vice General Manager and CFO Zhang Yanju, among others, citing personal reasons [5][6][7]. - The company has seen a significant drop in shareholding by its major shareholder, Wuhan Tongyu, from 24.58% to 12.45% [8]. Group 3: Delisting Risk - *ST Tianyu's stock is under additional risk warnings due to a negative audit report on its internal controls for the fiscal year 2024 [10]. - The company has been issued a delisting risk warning due to an audit report that could not express an opinion on its financial statements [11]. - The company is actively working to improve its internal control systems and audit supervision to mitigate these risks [10][11].

证券代码：300205 证券简称：*ST天喻 公告编号：2025-035 武汉天喻信息产业股份有限公司 二、进展情况 1、首次被实施的其他风险警示进展：因违规担保情形已消除，公司已于 2024 年 4 月 29 日向深圳证券交易所申请撤销因违规担保而被实施的其他风险警示。 截至本公告披露日，前述申请尚未获得深圳证券交易所同意。 2、被叠加实施的其他风险警示进展：针对公司 2024 年度内部控制被出具否 定意见的审计报告所涉事项，公司及公司董事会高度重视，正在采取相应措施持 续加强内部控制体系建设和审计监督，争取尽快消除相关事项对公司的影响。 三、风险提示 公司因 2024 年度财务报表被出具了无法表示意见的审计报告，根据《深圳 证券交易所创业板股票上市规则》第 10.3.1 第（三）项的规定，公司股票交易 自 2025 年 4 月 30 日开市起被实施退市风险警示。 如公司在实际触及退市风险警示情形相应年度的次一年度，出现《深圳证券 交易所创业板股票上市规则》10.3.11 条规定的十种情形之一的，深圳证券交易 关于股票交易被叠加实施其他风险警示的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 ...

证券代码：300205 证券简称：*ST天喻 公告编号：2025-036 武汉天喻信息产业股份有限公司 二〇二五年五月三十日 1 武汉天喻信息产业股份有限公司（以下简称"公司"）于 2025 年 5 月 30 日 收到武汉市公安局送达的《立案告知书》，公司实际控制人之一闫春雨等人涉嫌 挪用资金案，武汉市公安局认为符合刑事案件立案标准，根据《中华人民共和国 刑事诉讼法》第一百一十二条之规定，现已决定立案侦查。 截至本公告披露日，闫春雨未担任公司董事、监事、高级管理人员，上述事 项不会对公司正常生产经营产生重大影响。公司将积极配合公安机关调查并持续 关注上述事项的进展情况，严格按照有关法律的规定和要求，及时履行信息披露 义务。 特此公告。 武汉天喻信息产业股份有限公司董事会 关于实际控制人被刑事立案的公告 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。 ...

New Stock Issuance - New stock issuance for Jiao Da Tie Fa at an issuance price of 8.81[1] - ST Li Fang and United Chemical have recent announcements dated May 14 and May 23 respectively[1] - Multiple companies including Zhongzhou Special Materials and San Sheng Guo Jian have announcements on May 23[1] Market Alerts - Significant abnormal fluctuations reported for Nanjing Port and Li Jun Co. on May 23[1] - ST Er Ya and ST Jin Hong have recent announcements regarding market conditions[1] - Companies like Hainan Development and ST Haihua have reported abnormal trading activities[1] Trading Updates - Trading updates for various companies including ST Ya Zhen and ST Jian Gang on May 27[1] - Multiple companies have links to their announcements for further details on trading activities[1] - The report includes a comprehensive list of companies with their respective announcement dates and links for investor reference[1]

Investment Rating - The report maintains a "Recommended" rating for the telecommunications industry, considering the sustained high prosperity of the sector driven by AI, 5.5G, and satellite communications [1][4]. Core Insights - The overall market performance for the week (May 19-23, 2025) saw a decline in major indices, with the Shanghai Composite Index down 0.57%, the Shenzhen Component Index down 0.46%, and the ChiNext Index down 0.88%. The telecommunications sector, represented by the Shenwan Communications Index, experienced a decline of 2.31% [1][10]. - In the telecommunications sub-sectors, "Other Communication Equipment" had the highest increase at 1.81%, while "Communication Network Equipment and Devices" saw the largest decline at 3.87%. Overall, most sub-sectors exhibited a downward trend [1][13][14]. - Notable individual stock performances included Dongtu Technology with a rise of 14.45%, Mengwang Technology at 11.67%, and *ST Tianyu at 7.67%, leading the gains in the telecommunications sector [1][15]. Summary by Sections Market Overview - The telecommunications sector's index declined by 2.31% during the week, reflecting a broader market trend of declines across major indices [1][10]. - The highest gain in sub-sectors was seen in "Other Communication Equipment" with a 1.81% increase, while "Communication Network Equipment and Devices" faced a 3.87% decline [1][13][14]. Key Developments - The launch of Kunlun Wanwei's Tian Gong Super Intelligent Agent received positive market feedback, ranking first in deep research capabilities on the GAIA list. However, the service faced user overload, leading to throttling measures due to high demand [2][22][23]. - The deployment of 5G-A is expected to accelerate, particularly in light of the easing of EU restrictions on Chinese communication equipment manufacturers, which is anticipated to positively impact industry scale [2]. Company Announcements - Significant announcements from the telecommunications sector included Gansu Unicom's launch of a dual 10G network, aiming to enhance F5G-A commercial applications [17][19]. - Shanghai's plan to achieve comprehensive communication signal coverage for low-altitude flight routes by 2027 was outlined, with ambitious targets for 5G base station deployment [20]. - AT&T's acquisition of Lumen's consumer fiber business for $5.75 billion was announced, aimed at expanding its fiber service coverage across the U.S. [21][22].

Core Insights - The article highlights the positive trends in China's capital market, emphasizing the inflow of long-term funds and the increasing value of A-shares, particularly in high-tech sectors [3][4][5]. Group 1: Regulatory Developments - The Vice Chairman of the China Securities Regulatory Commission (CSRC) emphasized the importance of long-term investments, noting that social security, insurance, and pension funds have net bought over 200 billion yuan of A-shares this year, indicating a positive cycle of long-term capital inflow [3]. - The CSRC plans to introduce policies to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, aiming to provide better institutional support for innovative companies [4]. Group 2: Market Performance - In April, the national economy showed resilience with industrial output increasing by 6.1% year-on-year, and retail sales growing by 5.1%, reflecting a stable growth trend [5]. - The A-share market saw a record high in dividends and share buybacks in 2024, with total dividends reaching 2.4 trillion yuan and buybacks at 147.6 billion yuan, indicating a growing trend of companies returning value to shareholders [3]. Group 3: Company Developments - Xiaomi achieved a breakthrough in 3nm chip design, becoming the fourth company globally to release a self-developed 3nm processor, with R&D investment exceeding 13.5 billion yuan [6][7]. - The company plans to invest over 6 billion yuan in R&D this year, with a team of over 2,500 people, positioning itself among the top players in the domestic semiconductor design sector [7]. Group 4: Market Trends - The article notes a significant increase in the valuation of A-shares, with the CSI 300 index's price-to-earnings ratio at 12.6, which is notably lower than major overseas indices, highlighting the investment value of A-shares [4]. - The market is expected to see a rotation of investment themes, with a focus on AI industries and sectors benefiting from eased trade tensions, while also indicating potential recovery in banks and utilities due to recent regulatory changes [18].

特别提示： 1. 本次股东大会存在未通过议案的情形，未通过议案为：《关于选举刘天凛 为第九届董事会非独立董事的议案》。 证券代码：300205 证券简称：*ST 天喻 公告编号：2025-034 武汉天喻信息产业股份有限公司 2024 年年度股东大会决议公告 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。 2. 本次股东大会未涉及变更以往股东大会已通过的决议。 一、 会议召开和出席情况 武汉天喻信息产业股份有限公司（以下简称"公司"）2024 年年度股东大会 会议通知及增加临时提案后的会议通知分别于 2025 年 4 月 29 日、2025 年 5 月 12 日在巨潮资讯网披露。本次会议审议的《2024 年度利润分配预案》、《关于拟 续聘 2025 年度审计机构的议案》、《关于选举刘天凛为第九届董事会非独立董事 的议案》为采用中小投资者单独计票事项。 本次会议采取现场投票和网络投票相结合的方式进行表决。其中，现场会议 于 2025 年 5 月 20 日下午 2:00 在公司 401 会议室召开；通过深圳证券交易所交 易系统进行网络投票的时间为 2025 年 5 ...

北京市嘉源律师事务所 关于武汉天喻信息产业股份有限公司 2024 年年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI`AN 致：武汉天喻信息产业股份有限公司 北京市嘉源律师事务所 关于武汉天喻信息产业股份有限公司 2024 年年度股东大会的 法律意见书 嘉源(2025)-04-338 北京市嘉源律师事务所（以下简称"本所"）接受武汉天喻信息产业股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效 的法律、行政法规、部门规章、规范性文件（以下简称"法律法规"）以及《武 汉天喻信息产业股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指 派本所律师对公司 2024 年年度股东大会（以下简称"本次股东大会"）进行见证， 并依法出具本法律意见书。 为出具本法律意见书，本所指派律师现场见证了本次股东大会，查阅了公司 提供的与本次股东大会有 ...