Group 1 - The core viewpoint of the article highlights the administrative penalties imposed on Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong) for falsifying financial data over four consecutive years, violating securities laws [2] - The company is facing a proposed fine of 229 million yuan and additional fines totaling 44 million yuan for seven responsible individuals [2] - The actual controller of *ST Dongtong is subject to a 10-year ban from the securities market due to the violations [2] Group 2 - The article indicates that *ST Dongtong's actions may lead to a mandatory delisting process due to significant legal violations [2] - The regulatory body will transfer any potential criminal evidence to law enforcement agencies in accordance with relevant legal standards [2]

每经AI快讯，9月12日，*ST东通（维权）(300379.SZ)公告称，公司收到中国证监会下发的《行政处罚 事先告知书》，公司2019年至2022年度报告存在虚假记载、公司2022年向特定对象发行股票构成欺诈发 行，可能触及重大违法强制退市的情形。根据相关规定，公司股票将被叠加退市风险警示。股票简称仍 为"*ST东通"，证券代码仍为"300379"。 ...

Core Viewpoint - *ST Dongtong has received a notice from the China Securities Regulatory Commission regarding potential major violations that could lead to mandatory delisting due to false disclosures in its financial reports from 2019 to 2022 and fraudulent issuance of stocks in 2022 [1] Summary by Relevant Sections - **Company Announcement** - The company announced that it has received an administrative penalty notice from the China Securities Regulatory Commission [1] - The notice indicates that the company’s financial reports from 2019 to 2022 contain false records [1] - The issuance of stocks to specific entities in 2022 is classified as fraudulent [1] - **Regulatory Implications** - The company may face mandatory delisting due to significant legal violations [1] - As a result, the company's stock will be subject to additional delisting risk warnings [1] - The stock will continue to be traded under the name "*ST Dongtong" with the code "300379" [1]

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。 重要提示： 1、北京东方通科技股份有限公司（以下简称"公司"或"东方通"）因涉嫌 定期报告等财务数据存在虚假记载，于 2025 年 4 月 14 日被中国证券监督管理委 员会（以下简称"中国证监会"）立案。2025 年 9 月 12 日，公司收到中国证监 会下发的《行政处罚事先告知书》（[2025]10 号）（以下简称《告知书》）。根据 《告知书》认定的事实，公司 2019 年至 2022 年度报告存在虚假记载、公司 2022 年向特定对象发行股票构成欺诈发行，可能触及《深圳证券交易所创业板股票上 市规则》第 10.5.1 条第（一）项、第 10.5.2 条第一款第（六）项规定的重大违 法强制退市的情形，可能被实施重大违法强制退市。 2、根据《深圳证券交易所股票上市规则》的相关规定，公司股票将被叠加 退市风险警示。股票简称仍为"*ST 东通"，证券代码仍为"300379"。 证券代码：300379 证券简称：*ST 东通 公告编号：2025-091 北京东方通科技股份有限公司 关于公司股票被叠加实施退市风险警示的 ...

证券代码：300379 证券简称：*ST 东通 公告编号：2025-090 北京东方通科技股份有限公司 关于公司股票可能被实施重大违法强制退市的风险提示公告 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、本次行政处罚最终结果以中国证监会出具的正式行政处罚决定为准。公 司将持续关注上述事项的进展情况，并严格按照相关法律法规和监管要求及时履 行信息披露义务。 3、公司指定的信息披露媒体为《中国证券报》《证券时报》以及巨潮资讯 网（www.cninfo.com.cn），公司所有信息均以在上述指定媒体刊登的信息为准。 敬请广大投资者理性投资，注意投资风险。 一、公司股票可能被实施重大违法强制退市的风险暨立案调 查进展情况 公司于 2025 年 4 月 14 日收到中国证监会下发的《立案告知书》（证监立案 字 0142025025 号），因公司涉嫌定期报告等财务数据存在虚假记载，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，被中国证监 会立案。具体内容详见公司于 2025 年 4 月 14 日披露的《关于公司收到中国证券 监督管理委员会立案 ...

公司 2025 年 4 月 14 日于巨潮资讯网披露了《关于公司收到中国证券监督管 理委员会立案告知书暨风险提示的公告》（公告编号：2025-031）。因公司涉嫌定 期报告等财务数据存在虚假记载，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案。 证券代码：300379 证券简称：*ST 东通 公告编号：2025-088 北京东方通科技股份有限公司 关于立案调查进展暨风险提示公告 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。 风险提示： 北京东方通科技股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日被 中国证券监督管理委员会（以下简称"中国证监会"）立案调查。若后续经中国 证监会行政处罚认定的事实，触及《深圳证券交易所创业板股票上市规则》规定 的重大违法强制退市情形，公司股票将被实施重大违法强制退市。敬请投资者注 意投资风险。 截至本公告披露日，中国证监会的调查尚在进行中，公司尚未收到就上述立 案事项的结论性意见或决定。针对本次立案事项，公司高度重视，将积极配合中 国证监会调查，主动与上级监管机 ...

Core Viewpoint - The company *ST Dongtong (300379) reported a significant revenue increase in the first half of 2025, with a 48.85% growth year-on-year, although it still faced a net loss that narrowed by 66.80% compared to the previous year [1] Financial Performance - The company achieved a revenue of 240 million yuan in the first half of 2025, with a net profit of -55.158 million yuan [1] - The core middleware business generated 133 million yuan, up 44.05% year-on-year, while the security products business saw a revenue of 60.7076 million yuan, increasing by 60.57% [1] - The digital transformation business reported a revenue of 46.3752 million yuan, reflecting a growth of 48.86% [1] Cost Management and Profitability - The company demonstrated effective cost control, leading to a reduction in operating expenses and an increase in gross margins across various business segments [1] - High-margin businesses, such as core middleware, accounted for over 55% of total revenue, contributing to improved overall profitability [1] Cash Flow and Receivables - The net cash flow from operating activities increased by 112.82% compared to the same period last year, indicating enhanced cash collection capabilities [2] - Accounts receivable decreased by 16.07% from the beginning of the year, primarily due to increased sales collections [2] Industry Expansion - The company achieved notable revenue growth in the telecommunications and financial sectors, with increases of 71.82% and 43.65% respectively [2] - Both sectors experienced stable gross margin improvements, with the company providing foundational software support and comprehensive network security solutions to telecom operators and enhancing middleware applications in financial core systems [2] Product Development and Market Position - The company launched the new generation of secure and trusted application service middleware, TongWeb-T, integrating trusted computing technology [3] - In response to the AI trend, the company introduced the TongAgentPlatform, facilitating the rapid construction of intelligent agents [3] - The company has established a presence in the emerging low-altitude economy with core products like the drone intelligent control platform and serves as the vice-chair of the Beijing Low-altitude Industry Alliance [3] Competitive Strategy - The company aims to strengthen its technological innovation and sales channel development while enhancing brand promotion and marketing systems [3] - It plans to achieve competitive advantages through differentiated positioning and expand its main business to address market competition risks [3]

Core Viewpoint - *ST Dongtong (300379) reported a significant increase in revenue and a reduction in net loss for the first half of 2025, indicating improved financial performance compared to the previous year [1]. Financial Performance - The total revenue for the first half of 2025 reached 240 million yuan, a year-on-year increase of 48.85% [1]. - The net profit attributable to shareholders was -55.158 million yuan, showing a year-on-year improvement of 66.8% [1]. - In Q2 2025, total revenue was 106 million yuan, up 23.57% year-on-year, while the net profit attributable to shareholders was -24.615 million yuan, an increase of 73.59% year-on-year [1]. Profitability Metrics - The gross margin improved to 78.04%, reflecting a year-on-year increase of 7.9% [1]. - The net margin was -22.99%, which is a significant improvement with a year-on-year increase of 77.7% [1]. - Total selling, administrative, and financial expenses amounted to 203 million yuan, accounting for 84.49% of revenue, a decrease of 32.84% year-on-year [1]. Cash Flow and Assets - The cash flow per share was 0.04 yuan, a substantial increase of 113.02% year-on-year [1]. - The company reported a decrease in net assets per share to 5.52 yuan, down 11.0% year-on-year [1]. - The company’s cash assets were reported to be healthy, with a cash position of 1.082 billion yuan, a 4.63% increase year-on-year [1]. Debt and Receivables - Interest-bearing liabilities decreased significantly to 22.767 million yuan, down 63.61% year-on-year [1]. - Accounts receivable increased to 588 million yuan, a rise of 12.44% year-on-year [1]. Historical Performance - The company has shown a weak historical return on invested capital (ROIC), with a median of 7.87% over the past decade and a particularly poor ROIC of -21.39% in 2023 [3]. - The company has reported losses in four out of ten years since its listing, indicating a generally poor financial track record [3].

Core Insights - The company reported a significant improvement in its financial performance for the first half of 2025, with a revenue of 240 million yuan, a year-on-year increase of 48.85%, and a reduction in net loss from 166.13 million yuan to 55.16 million yuan, marking a 66.80% decrease in losses [2] - The company achieved a positive operating cash flow of 22.95 million yuan, reflecting a 112.82% improvement year-on-year, indicating effective cost control and enhanced profitability [2] Middleware Business Performance - The middleware segment showed strong growth, with revenue reaching 133 million yuan, a year-on-year increase of 44.05%, and a gross margin of 98.77%, which improved by 2.16 percentage points compared to the previous year [3] - The company successfully expanded its customer base, particularly in the energy sector, winning a key project with the Southern Power Grid, which is expected to enhance future collaboration [3] AI and Cloud-Native Strategy - The company is focusing on enhancing its middleware products with AI capabilities, developing intelligent middleware products based on large model technology, and transitioning towards a "cloud-native + AI" approach [4] - The TongAgentPlatform has been certified with Huawei's Ascend AI platform, enabling rapid deployment of intelligent solutions in critical industries such as transportation and government [4] Security Products and Digital Transformation - The security product segment achieved revenue of 60.71 million yuan, a substantial increase of 60.57% year-on-year, with a gross margin of 63.69%, reflecting improved profitability [5] - The digital transformation business also saw significant growth, with revenue of 46.38 million yuan, a year-on-year increase of 48.86%, and a gross margin improvement of 13.99 percentage points [5] Future Outlook - The company aims to continue its leadership in the middleware industry by focusing on technological innovation and expanding its market presence in key sectors, contributing to the high-quality development of the information technology industry [6]

Core Viewpoint - Beijing Tongtech Co., Ltd. is under investigation by the China Securities Regulatory Commission for suspected false reporting, which has led to significant financial implications and stock warnings [1][6][10]. Financial Performance - The company reported a revenue of approximately 239.93 million yuan for the first half of 2025, representing a 48.85% increase compared to 161.18 million yuan in the same period last year [6]. - The net profit attributable to shareholders was a loss of approximately 55.16 million yuan, an improvement of 66.80% from a loss of 166.13 million yuan in the previous year [6]. - The net cash flow from operating activities was approximately 22.95 million yuan, a significant turnaround from a negative cash flow of 178.98 million yuan [6]. - Total assets decreased by 3.97% to approximately 3.43 billion yuan from 3.57 billion yuan at the end of the previous year [6]. Business Overview - The company is a pioneer in the middleware industry in China, focusing on providing security and industry information solutions, with a vision to build a secure and intelligent digital world [7][10]. - The company aims to enhance its middleware product system and develop AI capabilities, particularly in the context of cloud-native technologies [10][12]. Product and Service Development - The company has developed a range of products in information security, including systems for monitoring and managing network content and threats [7][9]. - It offers integrated solutions for network security, data security, and application security, leveraging AI and big data technologies [9][12]. - The company is actively involved in the governance of telecom network fraud, developing a series of products for risk monitoring and prevention [10][12]. Competitive Position - The company has maintained its position as the market leader in domestic middleware for 16 consecutive years, serving over 10,000 government and enterprise users across various sectors [11][12]. - It has a strong focus on independent research and development, with over 260 software copyrights and 100 patents in the middleware field [12][13]. Strategic Initiatives - The company is expanding its ecosystem through partnerships and collaborations, with a total of 364 members in its ecosystem alliance [15][16]. - It is actively participating in industry standards development and has achieved compatibility with various domestic hardware and software products [14][16].