登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 记者丨崔文静 编辑丨包芳鸣 近期，资本市场迎来了一轮密集且严厉的监管动作，清晰地勾勒出一条从立案到处罚的快速响应链条。 截至2月5日，2026年以来已有倍轻松（维权）、宝馨科技（维权）、荃银高科（维权）等至少6家上市 公司或其关键人物被立案调查，平均每6天就有一例。收到行政处罚决定书或事先告知书的公司更是多 达13家，平均不到3天就有一家。 与此同时，处罚力度显著加大，*ST长药（维权）等因严重财务造假面临强制退市，大额罚单和针对实 控人的市场禁入措施已成常态。监管坚持"追首恶、打帮凶"，打击范围已从上市公司本身，延伸至整个 配合造假的"生态圈"。 业内人士指出，这一系列监管动作表明，以"零容忍"为基调、覆盖"事前事中事后"全链条的监管新常态 已全面确立。其核心目标不仅是惩治已发生的违法行为，更是通过强化退市机制、运用科技赋能穿透式 监管等手段，构建"不敢违、不能违、不想违"的长效机制，从根本上推动上市公司质量提升和市场生态 净化。 调查直指信披违规 2月4日晚间，资本市场接连响起两声监 ...

Core Viewpoint - The recent regulatory actions in the capital market indicate a "zero tolerance" approach, establishing a new normal for comprehensive supervision that aims to enhance the quality of listed companies and purify the market ecosystem [1][15]. Regulatory Actions - Since the beginning of 2026, at least six listed companies or key individuals have been investigated, averaging one case every six days, with 13 companies receiving administrative penalty notices or prior notifications, averaging less than three days between each [1][11]. - The regulatory focus has shifted from merely punishing companies to targeting the entire ecosystem involved in fraudulent activities, emphasizing the need for a comprehensive response chain from investigation to punishment [1][14]. Types of Violations - The reasons for investigations have diversified, including market manipulation, information disclosure violations, misleading statements, and significant omissions [8][9]. - Specific cases highlight the increasing granularity of regulatory scrutiny, with investigations targeting misleading statements and significant omissions in disclosures [9]. Financial Penalties - As of February 5, 2026, ten listed companies or delisted companies have received administrative penalties, with three others receiving prior notifications, indicating a high frequency of enforcement actions [11]. - Serious cases of systemic financial fraud, such as *ST Changyao, have led to severe penalties, including forced delisting and substantial fines [11]. Impact on Companies - Companies like Qingyue Technology and Yuandao Communication face significant operational pressures alongside regulatory scrutiny, with projected losses and substantial declines in net profits [4][5][6]. - The regulatory environment has prompted a reduction in the misuse of company funds, with many previously problematic shareholders returning misappropriated funds [12]. Long-term Mechanism - The regulatory framework aims to establish a long-term mechanism that discourages violations through strict enforcement and technological empowerment, ensuring that companies adhere to compliance standards [13][15]. - The integration of advanced technologies like big data and AI into regulatory practices enhances the precision and effectiveness of oversight, targeting deeper and more complex fraudulent behaviors [14].

从资金流向上来看，当日轨交设备板块主力资金净流入6185.26万元，游资资金净流出8354.12万元，散户 资金净流入2168.86万元。轨交设备板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601766 中国中车 | | 1.22亿 | 11.72% | -6638.50万 | -6.40% | -5525.07万 | -5.33% | | 688485 九州一轨 | | 937.38万 | 6.49% | -717.86万 | -4.97% | -219.52万 | -1.52% | | 000925 众合科技 | | 680.64万 | 3.68% | -778.36万 | -4.21% | 97.72万 | 0.53% | | 603111 康尼机电 | | 565.69万 | 10.36% | -193.10万 | -3.54% | -372.59万 | -6.82% | | 6 ...

浙江经建投于2026年1月22日与广州永金私募证券投资基金管理有限公司（代表广州永金乐水三号私募 证券投资基金）（以下简称"广州永金私募"）签署了《股份转让协议》，通过公开协议转让的方式将其 持有的公司股份740万股（占公司总股本8.0546%）转让给广州永金私募。 2026年2月2日，公司收到浙江经建投书面通知，浙江经建投与青岛元德众允、广州永金私募分别签署的 《股份转让协议》已获得其上级国资部门浙江省交通投资集团有限公司批复，同意浙江经建投将所持公 司460万股（占公司总股本5.0069%）按照约8528万元的价格转让给青岛元德众允投资企业（有限合 伙）；同意浙江经建投将所持公司740万股（占公司总股本8.0546%）按照约1.37亿元的价格转让给广州 永金私募证券投资基金管理有限公司。 每经AI快讯，朗进科技2月2日晚间发布公告称，公司持股5%以上股东浙江省经济建设投资有限公司 （以下简称"浙江经建投"）通过公开征集转让方式协议转让其持有的公司1200万股股份，占公司总股本 的13.06%，转让价格为18.54元/股。 浙江经建投于2025年12月31日与青岛元德众允投资企业（有限合伙）（以下简称"青岛 ...

朗进科技公告，公司持股5%以上股东浙江省经济建设投资有限公司通过公开征集转让方式协议转让其 持有的公司1200万股股份，占公司总股本的13.06%，转让价格为18.54元/股。其中，转让给青岛元德众 允投资企业（有限合伙）460万股，占公司总股本5.0069%，价格为8528.4万元；转让给广州永金私募证 券投资基金管理有限公司（代表广州永金乐水三号私募证券投资基金）740万股，占公司总股本 8.0546%，价格为1.37亿元。 ...

证券代码：300594 证券简称：朗进科技 公告编号：2026-007 本次股份协议转让事项尚需通过深圳证券交易所合规性审核，方能在中国证 券登记结算有限责任公司深圳分公司办理股份过户登记手续。公司将密切关注本 次公开征集转让的进展情况，并按照相关规定及时履行信息披露义务。本次转让 事项能否完成尚存在不确定性，敬请投资者注意投资风险。 德众允投资企业（有限合伙）；同意浙江经建投将所持公司 7,400,000 股（占公 司总股本 8.0546%）按照 137,196,000 元的价格转让给广州永金私募证券投资基 金管理有限公司（代表广州永金乐水三号私募证券投资基金）。 2026 年 2 月 2 日，公司收到浙江经建投书面通知，根据《上市公司国有股 权监督管理办法》（国务院国资委、财政部、中国证监会令第 36 号）的规定，浙 江经建投与青岛元德众允、广州永金私募分别签署的《股份转让协议》已获得其 上级国资部门浙江省交通投资集团有限公司批复，同意浙江经建投将所持公司 4,600,000 股（占公司总股本 5.0069%）按照 85,284,000 元的价格转让给青岛元 关于持股 5%以上股东协议转让公司股份获得浙江 ...

Core Viewpoint - The railway transportation equipment sector experienced a decline of 2.13% on February 2, with significant losses from companies like Jiuzhou Yituo, which fell by 11.89% [1][2]. Market Performance - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1]. - The railway equipment sector's individual stock performance showed mixed results, with notable declines in several key companies [1]. Stock Performance Summary - Jiuzhou Yituo (688485) closed at 24.23, down 11.89% with a trading volume of 90,800 shares and a transaction value of 230 million [2]. - Other significant declines included Gongda Gaoke (688367) down 11.19% and Shenzhou Gaotie (000008) down 6.13% [2]. - In contrast, companies like Keanda (002972) and Changqing Technology (001324) saw slight increases of 1.47% and 1.27%, respectively [1]. Capital Flow Analysis - The railway equipment sector saw a net outflow of 209 million yuan from institutional investors, while retail investors contributed a net inflow of approximately 74 million yuan [2][3]. - Notable net inflows from retail investors were observed in stocks like 时代电气 (Times Electric) and 朗进科技 (Langjin Technology) [3]. Individual Stock Capital Flow - Times Electric (688187) had a net inflow of 39.35 million yuan from institutional investors, while experiencing a net outflow from retail investors of 38.50 million yuan [3]. - Other stocks like 朗进科技 (300594) and 工大高科 (688367) also showed varying degrees of net inflows and outflows among different investor categories [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has demonstrated a strong commitment to regulatory enforcement in January 2026, with significant penalties imposed on multiple institutions and individuals, reflecting a "zero tolerance" stance towards violations in the capital market [1][9][10] Group 1: Regulatory Actions and Penalties - In January 2026, the CSRC has imposed administrative penalties on at least 13 institutions and 25 individuals, with total fines exceeding 1.1 billion yuan [1] - A notable case involved Yu Han, who was fined a total of 1.022 billion yuan for market manipulation, effectively nullifying his illicit gains and imposing additional penalties [2] - The regulatory actions have extended to private equity firms, listed companies, and intermediaries, with significant fines imposed on Zhejiang Ruifengda Asset Management Co., Ltd. and others for serious violations of private fund regulations [3] Group 2: Comprehensive Coverage of Violations - The CSRC has targeted not only market manipulation but also financial fraud, with companies like Luqiao Information and ST Changyao facing fines for financial misrepresentation [3][4] - The penalties also include actions against delisted companies for information disclosure violations, highlighting a comprehensive approach to enforcement [4] - The regulatory focus has shifted towards a more integrated accountability system, emphasizing simultaneous accountability for individuals, actions, and institutions [4][5] Group 3: Enhanced Enforcement Mechanisms - The connection between administrative penalties and criminal prosecution has been strengthened, allowing for a more effective response to securities violations [6] - The CSRC has expedited its investigation processes, with cases like Rongbai Technology being investigated within days of alleged misleading statements [7][8] - The regulatory environment is characterized by a combination of penalties, including fines, market bans, and restrictions on industry access, enhancing deterrent effects [5][10] Group 4: Future Regulatory Outlook - The CSRC's actions in January signal a continued emphasis on strict enforcement and the protection of investor rights, particularly for small and medium investors [9][10] - The regulatory framework is expected to evolve with a focus on substantive compliance and penetrating oversight, aiming to identify real control relationships and responsible parties [4][10] - The CSRC's commitment to a rigorous enforcement strategy is likely to stabilize market expectations and reinforce the message that violations will be met with serious consequences [10]

（记者 王晓波） 每经AI快讯，朗进科技1月30日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润亏损1100 万元~1600万元。业绩变动主要原因是，产品结构优化带动盈利水平提升。报告期内，公司轨道业务海 外订单规模扩大，海外业务毛利率显著高于国内业务平均水平；同时，公司减少低毛利率订单资源，提 升产品整体盈利质量。应收账款质量改善降低减值影响。2025年度公司回款效率较上年有所提升，应收 账款周转能力增强，应收账款信用减值损失计提金额较上年显著减少。降本控费成效显著。公司加强成 本费用管控，综合毛利率同比提升，同时期间费用率较上年均有不同程度下降，运营效率与盈利质量同 步优化。受外部环境和行业竞争加剧等因素影响，国内订单规模同比减少，营业收入同比下降。报告期 内，期间费用虽有下降，但固定支出与刚性成本短期内无法与营收规模同步下降，成本费用率仍有较大 优化空间。 每经头条（nbdtoutiao）——中国无人驾驶"军团"，"武装"阿布扎比 ...

朗进科技公告，预计2025年度净利润亏损1600万元至1100万元，上年同期为亏损7640.6万元。报告期 内，公司业绩仍处于亏损阶段，主要原因如下：1受外部环境和行业竞争加剧等因素影响，国内订单规 模同比减少，营业收入同比下降。2报告期内，期间费用虽有下降，但固定支出与刚性成本短期内无法 与营收规模同步下降，成本费用率仍有较大优化空间。 ...