| 证券代码：300462 | 证券简称：ST华铭 | 公告编号：2026-003 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | 上海华铭智能终端设备股份有限公司 关于公司股票被实施其他风险警示相关事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、公司于2025年7月5日披露了《关于收到中国证券监督管理委员会上海监 管局<行政处罚事先告知书>的公告》（公告编号：2025-027），根据《深圳证券 交易所创业板股票上市规则》第9.4条第七项规定，公司股票于2025年7月8日起 被实施其他风险警示。 二、采取的措施及进展情况 1、对于《行政处罚事先告知书》中涉及的相关违法违规事项，公司已进行 1 自查自纠及整改，并已于2023年10月27日在巨潮资讯网上披露了《关于前期会计 差错更正及相关定期报告更正的公告》（公告编号：2023-069）及相关年度更正 后的年度报告全文、摘要及商誉减值测试报告，对前期会计差错事项进行了更正 及追溯调整。 2、公司收到《行政处罚事先告知书》后立即 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In Q4 2025, the number of newly defaulted bonds and the corresponding bond balances decreased compared to the previous quarter and the same period last year. The new issuer default rate and new bond default rate also declined. The new bond default rate of private enterprises dropped significantly, and no new bond defaults occurred among state - owned enterprises [2][6][9]. - The bond default of Huaming Intelligence in Q4 was caused by poor operating conditions, high short - term debt ratio, increased liquidity pressure, risk warnings from regulatory authorities, and high refinancing pressure [22]. - Since 2020, the default rates of state - owned enterprises and private enterprises in the bond market have been significantly different. The default rate of private enterprises is relatively high, which weakens their attractiveness to investors, increases financing difficulties and costs, and there is a large gap in net financing ability between state - owned and private enterprises [23][25][30]. - From 2020 to Q4 2025, the default rates of bond issuers in different industries varied. Industries such as real estate, transportation, and automobile had relatively more newly defaulted issuers, while industries like public utilities, banks, and petroleum and petrochemicals had no defaulting issuers. Industries such as communication, automobile, textile and apparel, media, and real estate had relatively high default rates [25][32]. 3. Summary by Relevant Catalogs 3.1 Fourth - Quarter Credit Bond Default Overall Situation - In Q4 2025, 3 new bonds defaulted, with a total default balance of 2.414 billion yuan, involving 3 defaulting issuers, 2 of which were first - time defaulters. The number of newly defaulted bonds and the default balance decreased compared to the previous quarter and the same period last year [6]. - The new issuer default rate (by number of issuers) in Q4 was 0.04%, lower than the previous quarter (0.07%). The new issuer default rate of private enterprises was 0.17%, significantly lower than the previous quarter (0.44%), and no new issuer defaults occurred among state - owned enterprises. The new bond default rate (by balance) was 0.01%, lower than the previous quarter (0.02%). The new bond default rate of private enterprises was 0.04%, significantly lower than the previous quarter (0.19%), and no new bond defaults occurred among state - owned enterprises [9]. 3.2 Fourth - Quarter Credit Bond Default Case Analysis - Huaming Intelligence, a company engaged in the R & D, manufacturing, and sales of automatic fare collection system terminal equipment, had its convertible bond "Huaming Dingzhuan" default on December 24, 2025. After paying part of the funds, 15.8513 million yuan was postponed for payment [11]. - Since 2019, due to changes in the market environment, the company has been in a state of continuous losses. From 2021 to 2024, the cumulative loss reached 307 million yuan. The company's asset - liability ratio has decreased steadily, but the conservative quick ratio has declined, indicating weakened liquidity. The scale of interest - bearing debt has decreased, but the proportion of interest - bearing debt in total debt has increased, and interest expenses have eroded profits. The debt structure is dominated by short - term debt, and the coverage of short - term debt by operating cash flow has fluctuated significantly [12][14][17]. - The company has exposed internal governance and financial compliance issues, triggering risk warnings. It has also faced many new lawsuits and arbitrations, with a large amount involved. Since 2020, the company's financing cash flow has been in a continuous net outflow state, resulting in high refinancing pressure [19][20][22]. 3.3 Recent Bond Market Default Changes - Since 2020, the new issuer default rate of state - owned enterprises has remained below 0.3%, while that of private enterprises has generally declined, reaching a maximum of nearly 2.5%. In 2025, the new issuer default rate of private enterprises was 1.31%, lower than the previous year (1.37%). In Q4 2025, it was 0.17%, significantly lower than the previous quarter (0.44%) [23]. - The relatively high default rate and frequent default events of private enterprises have weakened their attractiveness to bond market investors, increasing their bond financing difficulties and costs. In 2024, the net bond financing of private enterprises was - 3.9912 billion yuan, and that of state - owned enterprises was 339.04509 billion yuan. In 2025, the net bond financing of private enterprises was 3.2873 billion yuan, and that of state - owned enterprises was 37.07585 billion yuan. In Q4 2025, the net bond financing of private enterprises was 273.6 million yuan, and that of state - owned enterprises was 12.34815 billion yuan [25]. - From 2020 to Q4 2025, in terms of the number of newly defaulted issuers, industries such as real estate, transportation, and automobile had relatively more newly defaulted issuers, while industries like public utilities, banks, and petroleum and petrochemicals had no defaulting issuers. In terms of the marginal default rate of issuers over the years, industries such as communication, automobile, textile and apparel, media, and real estate had relatively high default rates [25][32]. 3.4 Summary - In Q4 2025, 3 new bonds defaulted, with a total default balance of 2.414 billion yuan, involving 3 defaulting issuers, 2 of which were first - time defaulters. The number of newly defaulted bonds and the default balance decreased compared to the previous quarter and the same period last year [30]. - The first - time defaulters in this quarter were Huaming Intelligence and Tianan Life Insurance. Huaming Intelligence had poor profitability and high refinancing pressure [30]. - Since 2020, the default rate of state - owned enterprises has remained low, while that of private enterprises has declined but is still significantly higher. There is a large gap in net financing ability between state - owned and private enterprises [30]. - From 2020 to 2025, the default rates of bond issuers in different industries varied. In Q4 2025, there was 1 new defaulting issuer in the computer industry and 1 in the non - banking financial industry, and no first - time defaults occurred among bond issuers in other industries [32].

南财智讯1月29日电，ST华铭发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为亏损 3000万元—4500万元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为亏损3300万 元—4800万元。业绩变动原因说明：1、本报告期预计净利润为负值主要受ETC业务板块净利润的影 响，2025年度ETC业务较2024年度盈利能力未见好转；2、本报告期根据企业会计准则及相关会计政策 规定对应收账款、合同资产、存货等资产进行减值测试，经公司初步测算，预计2025年度计提相应的信 用减值损失及资产减值损失约4800万元；3、报告期内，预计非经常性损益对公司净利润的影响金额约 为300万元。 ...

| 证券代码：300462 | 证券简称：ST华铭 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | 上海华铭智能终端设备股份有限公司 2025年度业绩预告 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。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 亏损：3,000 | 万元–4,500 | 万元 | 亏损：1,074.63 | 万元 | | 扣除非经常性损益后的净利润 | 亏损：3,300 | 万元–4,800 | 万元 | 亏损：4,052.49 | 万元 | | 营业收入 | 69,000 | 万元–73,000 | 万元 | 62,615 万元 | | 二、与会计师事务所沟通情况 本次业绩预告的相关数据系 ...

Group 1 - The stock of ST Huaming (300462) closed at 11.46 yuan on January 9, 2026, down 1.46%, with a turnover rate of 3.06% and a trading volume of 42,300 hands, resulting in a transaction amount of 48.54 million yuan [1] - On January 9, the net outflow of main funds was 8.77 million yuan, indicating a cautious attitude from major investors [2] - The company received an administrative penalty notice from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, leading to the implementation of other risk warnings on its stock starting from July 8, 2025 [1][2] Group 2 - The company has corrected previous accounting errors and disclosed the revised annual report and related documents, with normal production and operations ongoing [1] - The company will disclose the progress of error corrections monthly and will apply for the removal of risk warnings once the conditions are met [1]

截至2026年1月8日收盘，ST华铭(300462)报收于11.63元，上涨1.22%，换手率2.48%，成交量3.42万手， 成交额3946.03万元。 董秘最新回复 投资者： 请问蔡董，公司股价一直低迷，上海证监局听证会何时结束？截至2025年底，公司三大产业 在手订单和去年相比增加还是减少了？ 董秘： 尊敬的投资者，您好！请留意公司后续的公告和定期报告，感谢您的关注。 投资者： 请问2025业绩预告什么时间能出？ETC,AFC业务海外市场空间巨大，去年海外业务扩展如 何？ 董秘： 尊敬的投资者，您好！根据《深圳证券交易所创业板股票上市规则》的相关规定，上市公司预 计年度经营业绩或者财务状况触及应当披露业绩预告的情形的，应在会计年度结束之日起一个月内履行 信息披露义务。公司经营业绩的具体情况请您关注公司披露的定期报告，感谢您的关注。 交易信息汇总资金流向 1月8日主力资金净流出317.6万元；游资资金净流入315.93万元；散户资金净流入1.66万元。 公司公告汇总关于公司股票被实施其他风险警示相关事项的进展公告 上海华铭智能终端设备股份有限公司因收到中国证监会上海监管局下发的《行政处罚事先告知书》，公 ...

截至2026年1月8日收盘，ST华铭（300462）报收于11.63元，较前一交易日上涨1.22%，最新总市值为 21.08亿元。该股当日开盘11.48元，最高11.69元，最低11.47元，成交额达3946.03万元，换手率为 2.48%。 近日，ST华铭发布关于公司股票被实施其他风险警示相关事项的进展公告。公告显示，上海华铭智能 终端设备股份有限公司因收到中国证监会上海监管局下发的《行政处罚事先告知书》，公司股票自2025 年7月8日起被实施其他风险警示。公司已对前期会计差错进行更正并披露更正后的年报及相关报告。目 前公司生产经营正常，后续将根据规定每月披露差错更正进展，待满足撤销条件后申请撤销风险警示。 最终处罚结果以证监会正式决定书为准。 最新公告列表 《关于公司股票被实施其他风险警示相关事项的进展公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

上海华铭智能终端设备股份有限公司 关于公司股票被实施其他风险警示相关事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： | 证券代码：300462 | 证券简称：ST华铭 | 公告编号：2026-001 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | 自查自纠及整改，并已于2023年10月27日在巨潮资讯网上披露了《关于前期会计 差错更正及相关定期报告更正的公告》（公告编号：2023-069）及相关年度更正 后的年度报告全文、摘要及商誉减值测试报告，对前期会计差错事项进行了更正 及追溯调整。 2、公司收到《行政处罚事先告知书》后立即采取行动，组织财务部等各相 关部门以及年审会计师事务所工作人员就《行政处罚事先告知书》涉及的情况进 行仔细梳理和研判。如果仍然存在尚未整改完毕的事项，公司将依法履行相关信 息披露义务。 3、根据《深圳证券交易所创业板股票上市规则》第9.11条规定，公司同时 符合下列条件的，可以向深圳证券交易所申请对股票交易撤销其他风险警示：（1） 公司已就行政处罚决定所 ...

| 证券代码：300462 | 证券简称：ST华铭 | 公告编号：2025-070 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | 二、本次应收账款回收考核补偿进展 上海华铭智能终端设备股份有限公司 截至2024年12月31日，聚利科技相关业绩承诺方因未完成应收账款回收考核 而应向公司支付的补偿金额为20,749,621.73元。聚利科技在以后年度继续收回截 关于重大资产重组应收账款回收考核补偿进展的公告 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。 一、本次应收账款回收考核补偿概述 上海华铭智能终端设备股份有限公司（以下简称"公司"）于2024年4月23 日召开第五届董事会第四次会议，审议通过了《关于发行股份及支付现金购买资 产并募集配套资金暨关联交易业绩承诺相关应收账款回收情况的议案》，北京聚 利科技有限公司（以下简称"聚利科技"）截至2021年12月31日经审计的应收账 款账面净值为499,426,556.24元，应收账款账面净值的90%为449,483,900.62元， 截至2023年12月31 ...

特别提示： 公司已向"华铭定转"持有人支付到期兑付资金人民币 88,068,711.60 元， 剩余人民币 15,851,288.40 元将迟延支付。 关于部分兑付"华铭定转"本息的公告 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。 | 证券代码：300462 | 证券简称：ST华铭 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：124002 | 债券简称：华铭定转 | | 上海华铭智能终端设备股份有限公司 一、"华铭定转"基本情况 经中国证券监督管理委员会《关于核准上海华铭智能终端设备股份有限公司 向韩智等发行股份、可转换公司债券购买资产并募集配套资金的批复》（证监许 可〔2019〕1583号）核准，公司向韩智等52名北京聚利科技有限公司（以下简称 "聚利科技"）原股东发行股份、可转换公司债券（以下简称"可转债"）及支 付现金购买其持有的聚利科技100%股权（以下简称"该次重大资产重组"）。 公司向韩智发行634,466张可转债、向桂杰发行238,087张可转债、向孙福成 发行49,018张可转债、向吴亚光发行4 ...