Summary of Key Points Group 1: Market Activity - The report highlights the listing of Huazhi Jie (603400) on June 10, 2025, with online subscription available on the same day [1] - Several ETFs, including Guolian Zhongzheng A50 ETF (159390), Invesco S&P Consumer Select ETF (159529), and Guotai S&P 500 ETF (159612), announced temporary suspensions for investor protection on June 10, 2025 [1] - The report notes the suspension of various bonds and securities, including *ST Zhongdi (000609) and *ST Gongzhi (000584), due to risk warnings and potential delisting [2][3] Group 2: Special Suspensions - The report details multiple companies facing special suspensions, such as *ST Hengli (000622) and Tianmao Group (000627), due to failure to disclose periodic reports within the legal timeframe [2] - Other companies, including *ST Jinbi (002762) and Honghe Technology (002955), are suspended due to control change planning [2] - A list of various bonds and securities that have been suspended since 2018 is provided, indicating ongoing market volatility and regulatory scrutiny [3][4] Group 3: Ongoing Monitoring - The report emphasizes the importance of monitoring the status of suspended securities, as many have been inactive for extended periods, indicating potential long-term issues within those companies [5][6] - The report suggests that investors should remain vigilant regarding the performance and announcements related to these suspended entities, as they may present future investment opportunities or risks [7][8]

Core Points - The company, Fujian Zitian Media Technology Co., Ltd., is facing potential delisting due to false financial reporting as mandated by the Fujian Securities Regulatory Bureau [1][2] - The company has not yet appointed a qualified accounting firm to conduct a comprehensive audit of its financial reports, nor has it submitted a rectification report to the regulatory authority [1][2] - The stock has been under a delisting risk warning since May 20, 2025, and if the company fails to rectify the issues within two months, it may face termination of its stock listing [1][2] Group 1: Reasons for Potential Delisting - The company received a decision from the Fujian Securities Regulatory Bureau on February 14, 2025, requiring it to correct its financial reports within 30 days [1] - As of now, the company has not engaged a qualified accounting firm or submitted a rectification report, which is a violation of the Shenzhen Stock Exchange's rules [1] - If the company does not complete the necessary corrections within the stipulated time frame, its stock may be delisted [1] Group 2: Suspension Progress and Future Impact - The company's stock has been suspended since May 6, 2025, due to its failure to disclose the annual report within the legal deadline [2] - If the annual report is not disclosed within two months of the suspension, the stock is expected to resume trading on July 7, 2025 [2] Group 3: Other Risk Alerts - The company is under investigation by the China Securities Regulatory Commission, and it is cooperating with the investigation while adhering to disclosure obligations [2] - The company and its executives are facing potential fines and market bans due to the violations identified by the regulatory authority [2]

证券代码：300280 证券简称：*ST紫天 公告编号：2025-026 福建紫天传媒科技股份有限公司 关于公司股票停牌进展暨可能被终止上市的风险提示公告 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。 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")于2025年2月14日收到 中国证券监督管理委员会福建监管局（以下简称"福建证监局"）出具的《关于对 福建紫天传媒科技股份有限公司采取责令改正措施的决定》（〔2025〕7号，以下 简称"《决定书》"）。因公司财务会计报告存在虚假记载，福建证监局责令公司 自收到决定书之日起30日内对相关年度报告进行更正并经会计师事务所全面审计。 截至目前，公司尚未聘请具备证券、期货相关业务资格的会计师事务所，也未向福 建证监局提交整改报告。根据《深圳证券交易所创业板股票上市规则》的相关规定， 2025年5月20日起，公司股票被实施退市风险警示。若公司股票交易被实施退市风 险警示之日起的两个月内仍未完成整改的，公司股票可能会被终止上市。 2、因公司未能在法定期限内披露年度报告，公司股票自2025年5月6日起继续 停牌 ...

证券代码：300280 证券简称：*ST紫天 公告编号：2025-025 2、因公司未能在法定期限内披露年度报告，公司股票自2025年5月6日起继续 停牌，若停牌后两个月内仍未披露年度报告，预计公司股票2025年7月7日复牌。 一、可能被终止上市的原因 公司于2025年2月14日收到福建证监局出具的《决定书》。因公司财务会计报告 存在虚假记载，福建证监局责令公司自收到决定书之日起30日内对相关年度报告进 行更正并经会计师事务所全面审计。截至目前，公司尚未聘请具备证券、期货相关 业务资格的会计师事务所，也未向福建证监局提交整改报告。根据《深圳证券交易 所创业板股票上市规则》的相关规定，2025年5月20日起，公司股票被实施退市风险 警示。若公司股票交易被实施退市风险警示之日起的两个月内仍未完成整改的，公 司股票可能会被终止上市。 福建紫天传媒科技股份有限公司 关于公司股票停牌进展暨可能被终止上市的风险提示公告 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。 重要提示： 1、福建紫天传媒科技股份有限公司(以下简称"公司")于2025年2月14日收到 中国证券监督管 ...

Core Viewpoint - The article highlights the severe operational and financial issues faced by Zitian Technology, including allegations of financial fraud, management evasion of regulatory inquiries, and a lack of transparency in their financial reporting, leading to significant losses and potential delisting risks [1][2][3]. Financial Performance - In 2023, Zitian Technology reported a revenue of 2.188 billion yuan and a net loss of 1.210 billion yuan, contrasting sharply with a net profit of 206 million yuan reported for the first three quarters of 2023 [6][12]. - The company’s financial troubles are underscored by a cumulative net profit of less than 1.1 billion yuan from 2013 to 2022, with the 2023 loss nearly wiping out a decade's worth of earnings [12]. Regulatory Issues - Zitian Technology has faced multiple regulatory actions, including a warning from the Fujian Securities Regulatory Bureau and a suspension of trading due to financial misconduct [3][7]. - The company has not responded adequately to inquiries from the Shenzhen Stock Exchange, leading to disciplinary procedures against its management [7][8]. Management and Governance - The company has experienced frequent changes in its executive team, with key executives reportedly evading communication with regulators and investors [3][5]. - Independent directors have expressed concerns over the management's ability to operate effectively, leading to resignations and a lack of oversight [9]. Market Impact - Zitian Technology's stock price plummeted approximately 62.60% from 22.27 yuan per share to 8.33 yuan per share between January 2 and March 17, 2025, reflecting investor panic and loss of confidence [14]. - The company was once a popular stock in the A-share market, benefiting from trends in internet marketing and gaming, but has since become a cautionary tale of corporate mismanagement [3][4]. Future Outlook - The company is under a delisting risk warning, with a potential termination of its stock listing if it fails to rectify its issues within the stipulated timeframe [3][4]. - Zitian Technology has projected a further loss of 150 million to 220 million yuan for 2024, attributed to reduced client budgets and increased market competition [13].

Core Viewpoint - Fujian Zitian Media Technology Co., Ltd. (Zitian Technology) is facing severe financial and operational issues, including allegations of financial fraud, lack of communication with regulatory bodies, and a complete absence of its executive team, leading to a risk of delisting from the stock market [2][5][8]. Financial Issues - Zitian Technology reported a significant loss of 1.21 billion yuan in its 2023 annual report, contrasting sharply with a profit of 206 million yuan reported in the first three quarters of the same year [6][11]. - The company has been under scrutiny for its financial practices, including the premature recognition of revenue, which inflated its reported income [11]. Regulatory Challenges - The company has been subject to multiple inquiries and warnings from the Shenzhen Stock Exchange and the Fujian Securities Regulatory Bureau due to discrepancies in its financial reporting and lack of timely responses to regulatory questions [7][8]. - Zitian Technology has failed to appoint an auditing firm or submit a rectification report to the Fujian Securities Regulatory Bureau, which could lead to its stock being delisted if not addressed within the stipulated timeframe [5][9]. Operational Status - The company's official website is currently inaccessible, and its office appears to be abandoned, indicating a severe operational breakdown [4][8]. - The executive team has been largely unresponsive, with reports of them avoiding communication with both investors and regulatory authorities [7][9]. Market Performance - Zitian Technology's stock price plummeted approximately 62.60%, from 22.27 yuan per share to 8.33 yuan per share, between January 2 and March 17, 2025 [13]. - The company was once a popular stock in the A-share market, benefiting from trends in internet marketing and gaming, but has since faced a dramatic decline in investor confidence [4][10]. Shareholder Impact - As of the third quarter of 2024, Zitian Technology had approximately 33,000 shareholders, many of whom are now expressing frustration over their inability to exit their investments due to the company's ongoing suspension from trading [14][15].

Core Viewpoint - Fujian Zitian Media Technology Co., Ltd. is facing regulatory scrutiny due to false statements in its financial reports, leading to potential delisting risks if corrective actions are not taken promptly [1][2]. Group 1: Regulatory Actions - The China Securities Regulatory Commission (CSRC) has issued a decision requiring the company to correct its annual reports within 30 days and undergo a comprehensive audit by a qualified accounting firm [1]. - The company has not yet appointed a qualified accounting firm or submitted a rectification report to the Fujian Securities Regulatory Bureau [1]. - The company's stock has been under delisting risk warning since May 20, 2025, and may face termination of listing if corrective actions are not completed within two months [2]. Group 2: Suspension and Resumption - The company's stock will continue to be suspended from trading starting May 6, 2025, until the annual report is disclosed [1]. - If the company fails to disclose the annual report within two months after the suspension, the stock is expected to resume trading on July 7, 2025 [1][2]. Group 3: Financial Penalties - The company and its executives, including the general manager and financial director, have received notices of administrative penalties, with fines of one million yuan for the company and 800,000 yuan for each of the four executives [2]. - The executives are also facing a ten-year ban from the securities market [2].

证券代码：300280 证券简称：*ST紫天 公告编号：2025-024 福建紫天传媒科技股份有限公司 关于公司股票停牌的进展公告 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。 重要提示： 牌。 二、后续影响 1、公司未能在要求期限内完成整改，根据《深圳证券交易所创业板股票上市规 则》的规定：公司股票已于 2025 年 5 月 20 日起实施退市风险警示。若公司股票交 易被实施退市风险警示之日起的两个月内仍未完成整改的，公司股票可能会被终止 上市。 2、因公司未能在法定期限内披露年度报告，公司股票自 2025 年 5 月 6 日起继 续停牌，若停牌后两个月内仍未披露年度报告，预计公司股票 2025 年 7 月 7 日复牌。 三、其他风险提示 1、福建紫天传媒科技股份有限公司(以下简称"公司")于2025年2月14日收到 中国证券监督管理委员会福建监管局（以下简称"福建证监局"）出具的《关于对 福建紫天传媒科技股份有限公司采取责令改正措施的决定》（〔2025〕7号，以下 简称"《决定书》"）。因公司财务会计报告存在虚假记载，福建证监局责令公司 自收到决定书之日 ...

财务报告方面，2022年年报中8.97亿元预付账款存在异常，其中子公司福州缘笙科技对福建省海峡星云 信息科技有限公司的8.12亿元预付款，对方截至当年12月31日未收到；2023年年报将该款项转列存货， 但缺乏原始单据、进项税发票等凭证。2022-2023年，公司通过无实质短信发送业务、核算方式错误的 互联网广告业务、提前确认收入的"云计算服务"业务虚增营业收入。此外，公司（含子公司）涉及超3 亿元合同纠纷、民间借贷纠纷诉讼及仲裁案件，未依法及时披露。 2025年5月7日，福建紫天传媒科技股份有限公司（以下简称"*ST紫天"，300280）于2025年5月6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》（证监立案字0262025004 号），因公司未按规定期限披露定期报告，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进行立案。 随后，*ST紫天于2025年2月14日收到中国证券监督管理委员会福建监管局（以下简称"福建证监局"） 出具的《关于对福建紫天传媒科技股份有限公司采取责令改正措施的决定》。因公司财务会计报告存在 虚假记载，福建证 ...

Summary of Key Points Core Insights - The report highlights the upcoming listings and trading activities of several companies on May 19, 2025, indicating a busy market day with multiple new entries [1][2][3]. Upcoming Listings - Company 001390 Guqi Fur Material will be available for online subscription on May 19, 2025 [1]. - Companies 301595 N Taili and 603014 N Weigao will officially list on the same day, with allocations for general institutional investors [1]. - Company 920060 Wanyuantong will also list on May 19, 2025, specifically for the public portion [1]. Suspension Announcements - Company 002092 ST Zhongtai and 002259 ST Shengda will be suspended for one day due to the announcement of the withdrawal of other risk warnings [2]. - The Invesco Great Wall S&P Consumer Select ETF (QDII) and Guotai S&P 500 ETF will also be suspended until 10:30 AM on May 19, 2025, to protect investor interests [2]. - Company 300506 *ST Mingjia will be suspended for one day following the announcement of the withdrawal of delisting risk warnings [2]. Special Suspensions - Company 000151 Zhongcheng Co. will be suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [3]. - Company 000584 *ST Gongzhi and 000622 *ST Hengli will also face suspensions due to potential delisting risks and failure to disclose periodic reports within the legal timeframe [3]. - Company 002336 *ST Renle will be suspended for one day due to the announcement of potential delisting risks [3].