2025年12月10日，广东惠伦晶体（维权）科技股份有限公司发布《关于公司及相关当事人收到 <行政处 罚事先告知书> 的公告》，因惠伦晶体涉信披违规，证监会拟决定对其作出行政处罚。 陈宇霞律师提醒，凡在2021年4月23日至2025年4月24日之间买入惠伦晶体股票，且在2025年4月25日之 后继续持有或卖出亏损的投资人（具体索赔条件以法院认定的为准）。（惠伦晶体维权入口） 违法事实： 证监会经调查认定惠伦晶体存在以下违法事实： 2020年，惠伦晶体以采购设备及材料、预付工程款等名义向东莞市某科技有限公司等7家公司支出款 项，并最终划转至控股股东新疆惠伦股权投资合伙企业（有限合伙）（以下简称新疆惠伦）及公司实际 控制人赵积清本人等关联方银行账户，用于归还新疆惠伦股权质押款及赵积清个人借款。 上述关联方 非经营性资金往来构成关联方对公司的资金占用，2020年累计发生额为28，330，000元，期末余额为 26，630，000元，资金占用发生额占惠伦晶体 2020 年年度报告披露净资产的 5.12%。 一、惠伦晶体未按规定披露资金占用事项，2020年年度报告存在重大遗漏 索赔相关 按照相关法律法规的规定，上市公司 ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 一、财务造假拟被处罚 12月9日晚，惠伦晶体（维权）发布公告，收到广东证监局下发的《行政处罚事先告知书》，虚构上亿 营收，为掩盖数千万资金占用而伪造财务报表，上市10年的公司正面临严峻的投资者诉讼潮。 公司还公告，股票自2025年12月10日停牌一天，12月11日复牌后将被冠以ST，这是监管部门对长达五 年财务造假的最终定性和处罚。 广东证监局查明的违法事实包括三方面：未按规定披露资金占用事项、虚增成本费用以及虚增收入。这 些违法行为共同构成了一个完整的"资金占用—造假掩盖—持续违规"违法链条。 上海沪紫律师事务所刘鹏律师表示自被立案之后，投资者的索赔材料正不断提交至广州中院。最终赔偿 范围将取决于法院如何认定虚假陈述与投资者损失之间的因果关系。（刘鹏律师专栏） 现索赔条件更新为：于2021年4月23日-2025年4月24日（含当日）期间买入，并在2025年4月25日之后卖 出或仍持有而亏损的可加 ...

关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月9日晚，惠伦晶体（维权）（300460）公告公司及相关当事人收到广东证监局下发的《行政 处罚事先告知书》，上海久诚律师事务所股票索赔律师许峰提示，至此，惠伦晶体所涉嫌的违法事实已 基本清晰，如果投资者因此受损，还可发起索赔诉讼。 许峰律师代理的惠伦晶体（300460）投资者索赔案已向法院提交立案，律师团队还在继续推进后续案件 的立案工作，还在继续接受后续投资者的索赔委托。（许峰律师专栏） 登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 登录新浪财经APP 搜索【信披】查看更多考评等级 上述《行政处罚事先告知书》公告信息显示，经查明，惠伦晶体、赵积清涉嫌信息披露违法违规的事实 如下： 一、惠伦晶体未按规定披露资金占用事项，2020年年度报告存在重大遗漏2020年，惠伦晶体以采购设备 及材料、预付工程款等名义向东莞市某科技有限公司、东莞市某拆迁有限公司、苏州某实业发展有限公 司、江苏 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 根据最高人民法院虚假陈述司法解释，上市公司等因证券虚假陈述行为导致投资者权益受损，投资者可 以依法起诉索赔，索赔范围包括投资差额损失、佣金和印花税损失。 "我们正在分批代理投资者起诉。"厉健律师表示，根据司法解释，暂定：在2021年4月23日至2025年4月 24日期间买入惠伦晶体股票，并在2025年4月24日收盘仍持有该股票的受损股民可索赔。索赔条件以法 院认定为准。（惠伦晶体维权入口） 索赔需提供证券开户信息查询单、股票对账单（2021年4月1日起至今）、联系方式等。 【本文由浙江裕丰律师事务所厉健律师供稿，不代表新浪财经的立场。厉健律师，系中国法学会证券法 学研究会理事、中国证券业协会证券纠纷调解员，2009年荣获"浙江省优秀青年律师"称号。2003年至 今，厉健律师代理投资者告赢五粮液、大智慧等130余家上市公司并获赔，成效显著。其中，祥源 ...

Core Viewpoint - Huilun Crystal and its actual controller Zhao Jiqing are facing administrative penalties from the Guangdong Securities Regulatory Bureau for violations related to information disclosure, including failure to disclose fund occupation, inflated costs, and revenues, leading to false records in the 2021 and 2022 annual reports [1][5]. Group 1: Regulatory Actions - The Guangdong Securities Regulatory Bureau plans to impose a fine of 3 million yuan on Huilun Crystal and a total of 8.4 million yuan in fines on Zhao Jiqing and four other individuals [1][6]. - Huilun Crystal's stock was suspended for one day starting December 10 and will be relisted on December 11 with a new stock name "ST Huilun" [1][6]. Group 2: Financial Misconduct - Huilun Crystal engaged in fund occupation by transferring funds to related parties under the guise of equipment and material purchases, totaling 28.33 million yuan in 2020, with a year-end balance of 26.63 million yuan [2][3]. - The company inflated its costs by 8.64 million yuan in 2021 and 23.95 million yuan in 2022, which resulted in a corresponding reduction in reported profits for those years [3][4]. - Huilun Crystal falsely reported revenues of 25.49 million yuan in 2021 and 62.33 million yuan in 2022, which represented 3.89% and 15.79% of the disclosed revenues for those periods, respectively [4]. Group 3: Company Background - Huilun Crystal specializes in the research, production, and sales of quartz crystal components and has been in the industry for over 20 years, recognized as a national "little giant" and a provincial manufacturing champion in Guangdong [2]. - The company reported a revenue of 422 million yuan in the first three quarters of this year, a year-on-year decline of 4.67%, with a net profit attributable to shareholders of -76.12 million yuan, compared to a profit of 1.70 million yuan in the same period last year [6].

Group 1 - Jinggong Technology signed a sales contract with Hubei Yuchuang worth 729 million yuan, accounting for 42.16% of the company's audited revenue for 2024 [1] - Heshun Electric is expected to win a bid for a State Grid procurement project worth 107 million yuan, representing 24.97% of the company's 2024 revenue [2] - Yongmaotai plans to invest approximately 400 million yuan in a new intelligent manufacturing project for magnesium-aluminum alloy materials [3] Group 2 - Longi Green Energy announced the termination of its plan to issue global depositary receipts abroad, stating it will not significantly impact its operations [4] - Bai Ao Intelligent is expected to win bids for projects totaling 27.5 million yuan [5] - Lian Biological is planning a change of control and asset purchase, leading to a temporary suspension of its stock [6] Group 3 - Bo Rui Communication intends to acquire 51% of Meijing Technology for 66.49 million yuan [7] - Huitai Medical plans to repurchase shares worth 200 to 250 million yuan for employee stock ownership plans [8] - Yifang Biological is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] Group 4 - Jiuqiang Biological's shareholders signed an agreement for the transfer of 5% of the company's shares to China National Pharmaceutical Investment [11] - Songcheng Performing Arts plans to repurchase shares worth 100 to 200 million yuan for capital reduction [12] - Zhonghong Medical's subsidiary is expected to be selected for a centralized procurement project in Jiangxi Province [13] Group 5 - Xingfu Electronics plans to invest 480 million yuan in a new electronic-grade phosphoric acid project [14] - Jiaao Environmental Protection's stock will be subject to risk warnings due to an administrative penalty [15] - ST Nuotai received a drug registration certificate for a new injection [16] Group 6 - Haimo Technology plans to sell its controlling subsidiary, Xian Sitian Instrument, for 370 million yuan [17] - Jingce Electronics signed multiple sales contracts with a single customer totaling 433 million yuan [18] - Donghua Testing's controlling shareholder plans to reduce its stake by up to 1.99% [19][20] Group 7 - Xingqi Eye Medicine completed the first subject enrollment for a Phase II clinical trial of its eye drop product [21] - Kute Intelligent's controlling shareholder plans to reduce its stake by up to 2% [22] - Dongcheng Pharmaceutical's subsidiary received approval for a new specification of a heparin sodium injection [23] Group 8 - Zhaoyi Innovation is in the process of issuing H-shares and has received regulatory approval [24] - Aokang International's shareholder plans to reduce its stake by up to 3% [25] - Jiamei Packaging's controlling shareholder is planning a change of control, leading to a temporary stock suspension [26] Group 9 - ST Kevin's stock will have its risk warning lifted and will resume trading [27] - Zaiseng Technology's controlling shareholder plans to transfer 6.04% of the company's shares [28] - Lide New Energy's shareholder plans to reduce its stake by up to 1% [29] Group 10 - Srypu terminated its plan to acquire shares and will resume trading [30] - Longjiang Transportation's subsidiary plans to invest 2.679 billion yuan in a graphite mining project [31] - Haowei Group's controlling shareholder has not reduced its stake and has terminated the reduction plan [32] Group 11 - Huilun Crystal received an administrative penalty notice for information disclosure violations [33] - Haiguang Information terminated a major asset restructuring plan [34] - Zhongke Shuguang announced a cash dividend plan [35] Group 12 - Fushuo Technology's share purchase plan was approved by the Shenzhen Stock Exchange [36] - Dongbai Group's shareholder reduced its stake by 25.95 million shares [38]

Core Insights - The domestic market for high-end quartz crystal resonators is experiencing strong demand, prompting local manufacturers to expand production capacity and increase R&D investment to enhance their supply capabilities in the high-end market [1][10] - The quartz crystal resonator industry in China has grown from 5.496 billion yuan in 2015 to 8.288 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.67% [1][10] - Emerging applications in 5G communication, wearable electronics, automotive electronics, and the Internet of Things (IoT) are driving significant market opportunities for the quartz crystal resonator industry [1][10] Industry Overview - Quartz crystal components, known as crystal oscillators, are frequency control devices made from quartz crystals utilizing the piezoelectric effect [2][4] - The industry is categorized into quartz crystal resonators and oscillators, with further classifications based on frequency and packaging methods [2][4] Industry Policies - The Chinese government has increased policy support for the quartz crystal resonator industry, promoting new electronic components and smart manufacturing [7] - Key policies include the inclusion of new electronic components in the encouraged category of the 2024 Industrial Structure Adjustment Guidance Catalog and the 2025-2026 Action Plan for Stable Growth in the Electronic Information Manufacturing Industry [7] Industry Chain - The quartz crystal resonator industry chain consists of upstream raw materials (quartz sand, packaging materials), midstream manufacturing, and downstream applications (communication devices, consumer electronics) [6][8] Current Industry Development - Since 2018, Japanese companies have reduced capital expenditures, creating opportunities for Chinese manufacturers to expand in the quartz crystal resonator market [10] - From 2015 to 2024, China's production of quartz crystal resonators increased from 11.94 billion units to 23.298 billion units, with a CAGR of 7.71% [10] Competitive Landscape - The industry features a tiered competitive structure, with international giants leading the high-end market and domestic companies like Unisoc, Dongjing Electronics, and others gaining ground in mid to high-end segments [10][11] - Domestic companies are increasing R&D investments to enhance product consistency and reliability, narrowing the gap with international competitors [10] Development Trends - The industry is moving towards miniaturization, high frequency, low phase noise, and low aging rates to meet the demands of advanced applications [13][14][17] - Manufacturers are focusing on advanced packaging technologies and optimizing design processes to achieve these goals [13][14][17]

南财智讯12月10日电，惠伦晶体公告，公司因披露的2021年、2022年年度报告存在虚假记载，根据广东 证监局下发的《行政处罚事先告知书》及《深圳证券交易所创业板股票上市规则》相关规定，公司股票 交易将被实施其他风险警示。公司股票自2025年12月10日开市起停牌1天，于2025年12月11日开市起复 牌。复牌后，证券简称由"惠伦晶体"变更为"ST惠伦"，证券代码仍为300460，股票交易日涨跌幅限制仍 为20%。 ...

Industry News - A new polysilicon platform company named Beijing Guanghe Qiancheng Technology Co., Ltd. has been registered with a capital of 3 billion, established on December 9, 2025, in Beijing. The company aims to explore potential strategic cooperation opportunities within the industry, such as technology upgrades and market expansion [25][25]. - The National Retail Innovation Development Conference is being held in Beijing from December 9 to 10. The Deputy Minister of Commerce, Sheng Qiuping, emphasized the need for further improvement in retail layout, supply-demand matching, and online-offline balance, while also encouraging the development of new business models and scenarios to stimulate consumer potential [25][25]. - The State Administration for Market Regulation has approved the release of two mandatory national standards for civil unmanned aerial vehicles, which will take effect on May 1, 2026 [25][25]. - Alibaba has established the Qianwen C-end Business Group, aiming to develop Qianwen into a super app and the primary entry point for users in the AI era [26][26]. - Huawei's 2012 Lab has established a foundational model department focused on advancing base model development and is actively recruiting young research talents with outstanding academic backgrounds [26][26]. - The Ministry of Agriculture and Rural Affairs reported that pork supply in November was sufficient, with prices slightly decreasing. The average daily market volume of pork in Beijing's Xinfadi market was 2,128.8 heads, a 10.57% increase from October and a 7.54% increase year-on-year [26][26]. - The National Development and Reform Commission indicated that the coking coal market shifted from tight to loose in November, with price expectations declining. The coking coal price expectation index fell to below the 50% threshold, indicating weak support for the market [26][26]. Company News - Jiaao Environmental Protection announced that due to false records in the 2022 and 2023 annual reports, the company's stock will be subject to other risk warnings [27][27]. - Huilun Crystal also announced that its 2021 and 2022 annual reports contained false records, leading to similar risk warnings for its stock [27][27]. - Haiguang Information announced the termination of its major asset restructuring with Zhongke Shuguang [28][28]. - Zhongke Shuguang announced the termination of its share swap absorption merger with Haiguang Information and the associated fundraising [29][29]. - Tianyuan Dike announced that its chairman, Chen You, has been placed under detention [30][30]. - Lain Biological announced that its controlling shareholder is planning a change of control and intends to acquire at least 80% of Beijing Jinkangpu's shares, leading to a stock suspension [30][30]. - Shengyi Technology announced an investment of approximately 198 million yuan to build an annual production project of 2,400 tons of ultra-high molecular weight polyethylene fiber, expanding its application value in humanoid robots [30][30]. - HoloWave announced a significant increase in orders for satellite testing systems, primarily from commercial aerospace satellite manufacturers and testing service providers [30][30]. - Longi Green Energy announced the termination of its overseas issuance of global depositary receipts [31][31]. - Zaiseng Technology announced that its controlling shareholder, Guo Mao, plans to transfer 6.04% of the company's shares to Zhongrong Huaxin [31][31]. - Si Rui Pu announced the termination of its plan to acquire shares of Aola, and its stock will resume trading [32][32]. - Fosun Pharma announced that its subsidiary, Yaoyou Pharmaceutical, has signed a licensing agreement with Pfizer [33][33].

Group 1: Company Announcements - Haiguang Information and Zhongke Shuguang have agreed to terminate the proposed share-swap merger transaction, with an investor briefing scheduled for December 10 [4][5] - Lain Bio is planning a change of control, issuing shares, and cash payment for asset acquisition, leading to a stock suspension starting December 10 [5][6] - SIRUI has decided to terminate the major asset restructuring plan involving the acquisition of shares in Ningbo Aola Semiconductor, with stock resuming trading on December 10 [5][6] Group 2: Financial Data and Corporate Actions - Haiguang Information plans to distribute a cash dividend of 0.9 yuan per 10 shares, totaling 2.09 billion yuan, while Zhongke Shuguang will distribute 0.7 yuan per 10 shares, totaling 1.02 billion yuan [5] - Lain Bio's control change may lead to a new major shareholder, with plans to acquire at least 80% of Beijing Jinkangpu Food Technology Co., which will become a subsidiary [5][6] - Hao Wei Group's major shareholder has decided to terminate a planned share reduction of up to 24 million shares, representing 1.99% of total shares [7] Group 3: Industry Developments - A new platform for polysilicon capacity integration has been established, focusing on strategic cooperation opportunities within the industry [1] - Guizhou Province is drafting measures to boost the sales of local liquor, including enhancing online sales and implementing export strategies [2] - The first MUSA Developer Conference will be held by Moore Threads, focusing on their full-stack development strategy and new GPU architecture [2] Group 4: Regulatory and Compliance Issues - Jiaao Environmental Protection received a notice of administrative penalty for information disclosure violations, leading to a temporary stock suspension and risk warning [8] - Huilun Crystal will also face a temporary stock suspension and risk warning due to compliance issues [8] - Tianyuan Dike's chairman is under investigation, but the company states it will not significantly impact operations [8] Group 5: Market Trends and Investment Opportunities - CITIC Securities suggests focusing on domestic demand stability and external demand breakthroughs in the power equipment sector for investment opportunities in 2026 [11]