Core Insights - The A-share market concluded the last trading day of 2025 with a mixed performance, where the Shanghai Composite Index rose by 0.09% to 3968.84 points, while the Shenzhen Component Index fell by 0.58% to 13525.02 points, and the ChiNext Index decreased by 1.23% to 3203.17 points [1] - In 2025, the A-share market experienced a "slow bull" trend, with the total market capitalization surpassing 100 trillion yuan, and the Shanghai Composite Index returning to the 4000-point mark for the first time in a decade [1] - Notably, the Hong Kong stock market regained its position as the global leader in fundraising [1] Stock Performance - Top-performing stocks in 2025 included: - Shangwei New Materials (688585.SH) with an increase of over 18 times, earning the title of the best-performing stock of the year - Tianpu Co., Ltd. (605255.SH) and Xingtou Measurement Control (920116.BJ) both saw increases exceeding 1600% [1][2] - The worst-performing stocks included: - Guangdao Tui (920680.BJ) with a cumulative decline of 94.18%, followed by Dongtong Tui (300379.SZ) with a drop of 91.78% [2][3]

Group 1 - The core viewpoint of the article highlights the ongoing reform of the A-share delisting system, which is expected to enhance the quality of the capital market and promote a healthy ecosystem of "survival of the fittest" [1][3][9] - As of December 30, 2025, a total of 31 A-share listed companies have been delisted, primarily due to financial issues, trading violations, major illegal activities, and voluntary delisting [1][3][6] - The delisting process has shifted towards a diversified model, with a focus on mandatory delisting and an acceleration of voluntary delisting [3][6] Group 2 - The year 2025 has seen a significant decrease in the number of delisted companies compared to previous years, with 21 fewer delistings than in 2024 [6] - The environmental protection industry has shown a concentration of delisting cases, with two companies, *ST Xulan and *ST Yuancheng, being delisted due to their stock prices falling below par value [6] - Recent cases of delisting include Guandao Tui, which was forced to delist due to major violations, marking the first such case since the establishment of the Beijing Stock Exchange [8] Group 3 - The regulatory authorities are emphasizing a "zero tolerance" approach to delisting, ensuring that companies that should be delisted are indeed removed from the market [9] - Investor protection measures are being strengthened, with new regulations proposed to safeguard investors' interests during the delisting process [9]

Group 1 - The core point of the news is that several companies are making significant announcements regarding their business operations, including product development, investments, and acquisitions [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26] Group 2 - Company Upwind New Materials is still in the product development stage for its embodied intelligent robot business and has not achieved mass production or large-scale sales, which is expected to have no positive impact on its 2025 performance [2] - Longpan Technology's subsidiary will reduce production of lithium iron phosphate by approximately 5,000 tons due to maintenance, which is not expected to significantly impact the company's 2026 performance [8] - Spring Airlines plans to purchase 30 Airbus A320neo aircraft, with a total transaction value not exceeding $4.128 billion [17] - Longbai Group's subsidiary will introduce strategic investors and implement a capital increase of 2 billion yuan, primarily to repay bank loans [2] - Xiamen Tungsten's subsidiary plans to acquire 100% of German Mimatic Tool Company for a base price of 10 million euros [3] - Huahan Co. will invest 68.25 million yuan to establish a private equity fund focused on commercial aerospace [4] - Limin Co. has received a production license for "Fluopyram" from Jiangsu Province, which is expected to positively impact future operations [5] - Yinlun Co. plans to increase capital in its subsidiaries for the construction of production bases in Mexico and Sichuan [6] - New Jinlu's subsidiary plans to invest in mining and smelting projects with an estimated total investment of 496 million yuan [8] - Guiguan Electric Power intends to acquire 100% of Datang Tibet Energy Development Co. and China Datang Group ZDN Clean Energy Development Co. for 2.025 billion yuan [8] - Macro Micro Technology has signed a strategic cooperation agreement with a leading domestic company to jointly research GaN power semiconductor devices [9] - Tianqi Co. plans to raise up to 977 million yuan for the development of intelligent systems for the automotive industry [9] - Nanchin Technology intends to sign an agreement with a related party for the development of IP [9] - New Phoenix Ming plans to participate in the auction for a 35% stake in the Dushan Port Development Company for a base price of 259 million yuan [10] - Yonghui Supermarket plans to publicly transfer 28.095% of its stake in Yonghui Yunjin Technology [11] - Financial Securities has received approval from the CSRC to publicly issue bonds totaling up to 15 billion yuan [12] - Guangdong Yuedian's Dapu Power Plant Phase II project has been put into commercial operation with a total investment of 8.122 billion yuan [12] - Huaxin Environmental Protection's subsidiary plans to invest in a bonded remanufacturing project in Hainan with an estimated total investment of 350 million yuan [13] - Baodi Mining intends to purchase 87% of Congling Energy for 685 million yuan [13] - Tianjian Technology has signed a price adjustment agreement for military products, expecting a negative impact on net profit of approximately 209 million yuan [14] - Acolyte has successfully validated and begun bulk supply of a new product for the optical lens field [14] - Huayi Co. has terminated the acquisition of 51% of Zhongke Huilian due to a lack of consensus on key terms [15][16] - Ningbo Huaxiang's subsidiary has signed a strategic cooperation agreement with Qianxing Future to strengthen collaboration in the field of embodied intelligent robots [17] - Tianpu Co. has clarified that it has no plans to engage in AI-related business [17] - Chang'an Automobile plans to raise up to 6 billion yuan for the development of new energy vehicles and smart platforms [20] - Sijia Technology intends to acquire 20% of Guangcai Xincheng for 275 million yuan [21][22] - Wukuang Development plans to purchase shares of Wukuang Mining and Luzhong Mining, with its stock suspended from trading [22] - Guizhou Moutai's major shareholder has completed its shareholding increase plan, acquiring approximately 2.0714 million shares [23] - ST Dongtong's stock will resume trading and enter a delisting period [24] - ST Dongyi has completed the capital increase and will resume trading [25]

Group 1: Metal Futures and Market Impact - Recent rapid increases in precious and industrial metal futures prices have led to heightened volatility risks, prompting the CME Group to raise margin requirements for trading metals including gold, silver, palladium, and lithium [1] - The new margin requirements, effective after the close of trading on the upcoming Monday, include a 10% increase for gold futures, approximately 13.6% for silver, and 23% for platinum [1] - Following the announcement, international metal futures prices experienced multiple rounds of declines, with gold prices falling below the $4500 per ounce mark, closing at $4497.9 per ounce, a decrease of 1.20% [1] Group 2: AI and Investment Insights - Jinglin Asset Management, a major private equity firm, has indicated that 2026 may mark the true beginning of the widespread adoption of AI Agents [1] Group 3: Fund and Market Adjustments - Guotou Silver LOF announced a temporary suspension of trading on December 30, 2025, to protect investor interests, with the possibility of extending the suspension if market price premiums do not decrease [2] Group 4: Airline Fuel Charges - Starting January 5, 2026, domestic airlines in China will reduce the fuel surcharge for passenger transport, with fees decreasing by 10 yuan for flights under 800 kilometers and 20 yuan for longer flights [3] Group 5: Energy and Technology Developments - The first 30MW pure hydrogen gas turbine has successfully achieved stable operation, marking a significant advancement in hydrogen power generation technology [3] - The Chinese government has confirmed the continuation of the "national subsidy" for consumer goods, which has significantly boosted the sales of mid-to-high-end products in recent years [4] Group 6: Corporate Changes and Developments - Financial adjustments include the appointment of Bi Chunhui as the deputy director of the research institute at Zheshang Securities [5] - Zero Run Technology's CEO confirmed that the company will maintain control by the founding team despite the investment from FAW [6] - China Software plans to sell 555 X86 servers and two properties to optimize idle assets [7] Group 7: Market Transactions and Contracts - Financial services firm Caitong Securities has received approval from the China Securities Regulatory Commission to publicly issue bonds totaling up to 150 billion yuan [8] - Southeast Network Frame has won an EPC project worth 8.87 billion yuan [11] - Shanxi Expressway intends to acquire a 15% stake in Shanxi Transportation Development Group for 74.8 million yuan [12] - Rima Precision's subsidiary has been designated as a supplier for a new energy vehicle project, with expected sales of approximately 1.342 billion yuan over its lifecycle [13] - Nankuang Group signed a 3 billion yuan equipment procurement contract for iron ore processing [14] - Guangdong Yuedian A's Dapu Power Plant's second phase has successfully commenced commercial operations [15] - China Energy Construction's subsidiary has won an EPC project worth approximately 6.864 billion yuan [16] Group 8: Stock Market Updates - ST Dongtong's stock will resume trading on December 30, 2025, entering a delisting preparation period [17] - The Shanghai Composite Index recorded a slight increase, marking a nine-day rise, while the Shenzhen Component Index experienced a decline [18][19]

证券代码：300379 证券简称：东通退 公告编号：2025-124 北京东方通科技股份有限公司 关于公司股票进入退市整理期交易首日的风险提示公告 1、北京东方通科技股份有限公司(以下简称"公司 ")股票于退市整理期届 满的次一交易日摘牌，公司股票终止上市。 2、公司股票于 2025 年 12 月 30 日复牌并进入退市整理期，退市整理期为 15 个交易日，预计最后交易日期为 2026 年 1 月 21 日。敬请投资者审慎投资、 注意风险。 3、公司股票在退市整理期交易期间，公司将不筹划或实施重大资产重组。 4、请投资者、证券公司等市场主体在股票摘牌前及时了结股票质押式回购、 约定购回、融资融券、转融通、深股通等业务。 5、对于将在股票摘牌后至完成全国中小企业股份转让系统有限责任公司依 托原证券公司代办股份转让系统设立并代为管理的两网公司及退市公司板块（以 下简称"退市板块"）初始登记期间到期的司法冻结业务，建议有权机关在股票 摘牌前通过原协助执行渠道提前办理续冻手续。 6、公司股票已被调出深股通标的，深股通投资者未在退市整理期出售所持 公司股票的，后续进入股转系统后可能无法转让，提请深股通投资者注意投资风 ...

在万物互联时代，中间件不仅要"通"，更要"安"。东方通率先将安全能力前置，确立了"中间件+安 全"的融合发展新范式。 在国产软件从"可用"向"好用"跨越的历史进程中，市场份额往往是检验产品成色的试金石。据赛迪顾问 发布的权威数据显示，东方通（TongTech）已连续17年蝉联国内中间件市场占有率第一。这一数据的背 后，不仅代表了东方通在市场端的绝对统治力，更意味着它作为行业领军者，正在通过技术创新与实践 积累，重新定义国产基础软件的"价值标杆"。性能标杆：重新定义"稳定性"边界 长期以来，国外巨头定义了中间件的性能标准。而东方通的出现，打破了这一局面。 作为国产中间件的拓荒者，东方通始终坚持以国际最高标准要求自己。其核心产品TONG系列在内存管 理、并发处理及容错机制上不断突破极限，不仅在功能上实现了无缝替代，更在特定场景的适配性上超 越了国外同类产品。这种对技术边界的不断拓展，使得东方通成为了国产中间件领域的"性能天花板"， 为后来者树立了难以逾越的技术标杆。安全标杆：确立"内生安全"新范式 通过推出智能体平台（TongAgentPlatform），东方通成功将大模型技术引入中间件领域，解决了AI应 用落地 ...

北京东方通科技股份有限公司 关于延期更换选举独立董事的公告 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。 北京东方通科技股份有限公司（以下简称"公司"）于近日收到独立董事程贤 权先生书面提交的辞职报告。根据《上市公司独立董事管理办法》第十三条规定"独 立董事每届任期与上市公司其他董事任期相同，任期届满，可以连选连任，但是连 续任职不得超过六年"，程贤权先生自 2019 年 12 月 27 日起任公司独立董事，至 2025 年 12 月 26 日连任时间将届满六年，故提请辞去公司第五届董事会独立董事职 务，同时一并辞去公司董事会提名委员会主任委员、审计委员会委员等职务。辞职 生效后，将不再担任公司任何职务。 独立董事程贤权先生期满离任将导致公司独立董事占董事会成员的比例低于三 分之一，根据《上市公司独立董事管理办法》及《公司章程》等相关规定，程贤权 先生的离任将在公司选举产生新任独立董事后生效。目前，公司正在积极筹备更换 选举独立董事的相关工作，鉴于独立董事候选人的提名工作尚未完成，本次更换选 举独立董事工作将适当延期。在公司独立董事更换选举工作完成之前，程贤 ...

2018年12月，东方通收购北京泰策科技有限公司100%股权，泰策科技成为东方通全资子公司。2019年 至2022年期间，东方通通过泰策科技虚构业务、提前确认收入等方式虚增收入、利润，导致东方通披露 的2019年至2022年年度报告存在虚假记载。 二、东方通公告的证券发行文件编造重大虚假内容 东方通（300379）收到股票终止上市决定，投资者索赔已提交多批立案 2025年12月22日，北京东方通科技股份有限公司（证券简称：东方通，证券代码：300379）公告收到深 圳证券交易所《关于北京东方通科技股份有限公司股票终止上市的决定》（深证上〔2025〕1450 号）。深圳证券交易所决定终止公司股票上市交易。公司股票于2025年12月30日复牌并进入退市整理 期，退市整理期为十五个交易日，预计最后交易日期为2026年1月21日。退市整理期间股票在风险警示 板交易。退市整理期首个交易日，公司股票价格无价格涨跌幅限制，此后每日涨跌幅限制为 20%。 此前，2025年11月25日，东方通公告收到中国证券监督管理委员会北京监管局下发的《行政处罚决定 书》，经查，东方通存在以下违法事实： 一、东方通2019年、2020年、2 ...

东方通（*ST东通，300379）股票被摘牌退市，并不会对投资者索赔诉讼产生较大影响。据公开消息了 解，目前已有部分投资者向法院提交索赔立案。依据《证券法》及相关法律法规，东方通（*ST东通， 300379）的索赔条件为：在2020年4月30日至2025年04月14日期间买入公司股票，且在2025年04月14日 之后卖出或持续持有该股票的受损投资者。 在2025年11月25日，东方通（*ST东通，300379）发布公告称，公司及相关人员收到中国证券监督管理 委员会北京监管局作出的《行政处罚决定书》（〔2025〕21 号）。根据该《行政处罚决定书》载明的 事实，公司2019年至2022年年度报告信息披露存在虚假记载。 上述违规行为触及本所《创业板股票上市规则（2025 年修订）》第10.5.1 条第一项、第 10.5.2 条第一款 第六项规定的股票终止上市情形。 在2025年12月23日，北京东方通科技股份有限公司（*ST东通，300379）发布了《关于收到股票终止上 市决定的公告》。股票于2025年12月30日复牌并进入退市整理期，退市整理期为十五个交易日，预计最 后交易日期为2026年1月21日。 退市整理 ...

Group 1 - Kangnibei Group plans to transfer up to 5,065,900 shares, representing no more than 2% of the total share capital, to its controlling shareholder, Zhejiang Pharmaceutical Group, through a block trade [1] - Guiguan Network elected Dai Qingsong as the chairman of the fifth board of directors, who will also act as the general manager [2] - Huayin Technology's shareholders plan to transfer a total of 10,725,600 shares, accounting for 3.93% of the total share capital [3] Group 2 - Wireless Media's subsidiary won a bid for an AI-enabled media platform project with a contract amount of 4.8895 million yuan [4] - Chaosheng Electronics plans to invest 1.008 billion yuan in a high-performance HDI circuit board expansion and upgrade project, aiming to increase production capacity by 240,000 square meters annually [5] - Yingfeng Co., Ltd. disclosed a plan to raise no more than 522 million yuan through a private placement for various projects [6] Group 3 - Yongtai Technology's executives plan to collectively increase their holdings by no less than 5 million yuan without a price range [7] - Guangdong Construction's subsidiary's wind power project has successfully connected its first unit to the grid, contributing to a total installed capacity of 5,094.52 MW [8] - *ST Jiaotou was selected as the first candidate for a sewage treatment plant project with an estimated contract value of 128 million yuan [9] Group 4 - Sanhua Intelligent Control expects a net profit of 3.874 billion to 4.649 billion yuan for 2025, representing a year-on-year increase of 25% to 50% [10] - Aolian Electronics is planning a change in control, leading to a temporary suspension of its stock [11] - ST Zhengtong will resume trading on December 24 after lifting risk warnings and changing its stock name [12] Group 5 - China Nonferrous Metal Industry's subsidiary acquired a 99.9004% stake in Raura Company for 106 million USD, which includes a zinc polymetallic mine in Peru [13] - Xusheng Group's actual controller will change to the Guangzhou Municipal Government, with stock resuming trading [14] - Hualian Holdings plans to acquire 100% of Argentum Lithium S.A. for approximately 1.75 billion USD [15] Group 6 - Yichang Technology is planning a change in control, leading to a temporary suspension of its stock [16] - Runyang Technology's controlling shareholder intends to transfer 5% of the company's shares at a price of 30.08 yuan per share [17] - Hongqi Chain's shareholder, Yonghui Supermarket, plans to reduce its holdings by up to 3% [18][19] Group 7 - Jiaojian Co., Ltd.'s actual controller is under criminal investigation, but the company's control has not changed [20][29] - Tianji Technology is facing a lawsuit for alleged collusion in bidding [21] - Yuehai Feed's controlling shareholder plans to reduce its holdings by up to 3% [22][23] Group 8 - Bojie Co., Ltd. plans to distribute a cash dividend of 0.94 yuan per 10 shares for the 2025 interim period [24] - Dongjiang Environmental plans to invest up to 12 million yuan in a capital increase for a technology company [25] - Taiankang's product received a drug registration certificate for a combination treatment for benign prostatic hyperplasia [26] Group 9 - Lingyun Optical plans to invest up to 5 million USD in a cornerstone investment for an IPO [27] - Canar Co., Ltd. intends to acquire 70% of Jiangxi Fenglin for 21 million yuan [28] - Enjie Co., Ltd.'s subsidiary received a government subsidy of 20 million yuan, accounting for 3.6% of the latest audited net profit [34] Group 10 - China Nuclear Construction plans to introduce investors for a total capital increase of 5 billion yuan, maintaining control over its subsidiaries [35] - Xinzhu Co., Ltd. signed a framework cooperation agreement for an integrated energy project in Tibet [36] - Beibo Co., Ltd. plans to establish a holding subsidiary focused on high-temperature industrial equipment [37] Group 11 - Emei Mountain A plans to establish a wholly-owned subsidiary for tea industry integration with an investment of 10 million yuan [38] - Tianpu Co., Ltd. confirmed the results of a tender offer, with a total of 201 shares accepted [39] - *ST Dongtong's stock will be delisted, entering a 15-day delisting period [40] Group 12 - Zhuoran Co., Ltd.'s subsidiary signed a significant order worth 4.033 billion yuan for a project, representing 142.09% of the company's expected revenue for 2024 [41]