Core Viewpoint - Yuan Dao Communication is under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations related to false financial disclosures in its annual reports, which may lead to potential legal consequences for the company and compensation claims from affected investors [2]. Group 1: Financial Activities - On July 16, 2025, Yuan Dao Communication had a financing buy-in of 16.2847 million yuan and a financing repayment of 15.4618 million yuan, resulting in a net financing buy-in of 0.8229 million yuan [2]. Group 2: Regulatory Issues - On July 11, 2025, Yuan Dao Communication received a notice from the CSRC regarding an investigation into the company for suspected false records in financial data disclosed in annual reports, leading to a formal case being opened [2]. - Affected investors who purchased shares between the company's listing and July 11, 2025, and held them until the market close on that date may be eligible for compensation [2]. Group 3: Company Strategy and Development - Yuan Dao Communication has initiated a three-pronged strategic transformation plan focusing on traditional communication business, new energy business, and intelligent computing capabilities, aiming to achieve industry leadership in market share through AI empowerment and smart upgrades over the next three years [3]. - The company plans to integrate resources in intelligent computing, new energy, and related technology research and development to establish a new digital economy ecosystem [3]. Group 4: Dividend Policy - For the 2024 fiscal year, Yuan Dao Communication proposed a cash dividend of 0.35 yuan per 10 shares, totaling 4.2553 million yuan, subject to approval at the annual shareholders' meeting [3]. Group 5: Company Profile - Yuan Dao Communication is primarily engaged in software and information technology services and is located in Urumqi, Xinjiang Uygur Autonomous Region [4].

Group 1 - The core issue is that Yuandao Communication is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false financial disclosures in its annual report and other documents [2][3] - The audit report for 2024 from the auditing firm Xinyong Zhonghe indicates internal control deficiencies in managing customer business, leading to uncertainty in the collection of receivables [3][6] - Since its IPO in July 2022, Yuandao Communication has seen a significant decline in revenue, with a drop of nearly 40% from 21.11 billion yuan in 2022 to 12.82 billion yuan in 2024 [4][5] Group 2 - The company’s net profit has also plummeted, decreasing by 44.78% in 2023 and 38.99% in 2024, leaving only 0.42 billion yuan in 2024, which is comparable to levels seen in 2018 [4][6] - The company has faced delays in its fundraising projects, including a regional service network construction project originally planned for 420 million yuan, which is now less than half completed [3][7] - As of July 15, 2025, over 50 listed companies have been investigated this year, with the majority facing allegations of information disclosure violations, indicating increased regulatory scrutiny [8][9] Group 3 - The audit reports for 2024 raised red flags, with 2.95 billion yuan in bad debt provisions, accounting for 18.16% of the receivables, due to the company's failure to timely settle accounts with customers [6][7] - The company’s initial public offering (IPO) was underwritten by Huarong Securities, with an initial price of 38.46 yuan, but the stock price has since fallen to 18.04 yuan, less than half of the IPO price [5][6] - The regulatory environment has tightened significantly, with a notable increase in the number of companies being investigated for violations since the introduction of new regulations in April 2024 [8][9]

Market Overview - On July 16, the Shanghai Composite Index fell by 0.03%, with institutional investors appearing on the trading lists of 25 stocks, net buying 11 and net selling 14 [1][2] - The total net selling amount by institutional investors reached 1.015 billion yuan [1] Institutional Trading Activity - The stock with the highest net buying by institutional investors was Huahong Technology, which closed at the daily limit with a trading volume of 1.919 billion yuan and a turnover rate of 27.83%. The net buying amount was 112.81 million yuan [2][5] - Other notable stocks included Beifang Changlong, which rose by 6.59% with a turnover rate of 42.00% and a net buying amount of 70.49 million yuan [2][5] Performance of Net Bought Stocks - Stocks that were net bought by institutions saw an average increase of 5.35%, outperforming the Shanghai Composite Index. Stocks like Jujie Microfiber and Degute achieved daily limit increases [3] - Historical data indicates that stocks net bought by institutions have a 50.17% probability of rising the next day, with a 37.46% probability of increasing over the next three days [3] Earnings Forecasts - Among the stocks net bought by institutions, four have released half-year earnings forecasts, with Huahong Technology expected to see a net profit increase of 3384.71% [3] Net Sold Stocks - The stock with the highest net selling was C Huaxin, with a net selling amount of 999.70 million yuan. This stock had a significant net inflow of 3.172 billion yuan [3][6] - Annie Shares also saw substantial net selling, amounting to 247.11 million yuan, with a net outflow of 117 million yuan [3][6] Deep and Hong Kong Stock Connect Activity - On July 16, 12 stocks on the trading list had participation from the Shenzhen and Shanghai Stock Connect, with net buying in stocks like Hengbao Co. and Dawi Technology [7][8] - Hengbao Co. had a net buying amount of 160.75 million yuan, while stocks like Zhongdian Port and Qianhong Pharmaceutical experienced net selling [7][9]

Core Viewpoint - Yuan Dao Communication has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false financial disclosures in its annual reports, leading to potential legal consequences for the company [2]. Group 1: Company Announcements - On July 11, 2025, Yuan Dao Communication announced it received a formal notice from the CSRC, indicating that the company is under investigation for suspected violations of securities laws due to false financial data in its disclosures [2]. - The company reported a trading volume of 69.488 million yuan and a net inflow of 10.8313 million yuan on July 14, 2025 [2]. Group 2: Fundraising Projects - On June 13, 2025, Yuan Dao Communication's board approved a proposal to extend the timeline for the "Regional Service Network Construction Project" from June 30, 2025, to December 31, 2025, without changing the project's implementation details [3]. - The net amount raised from fundraising was 1.065 billion yuan, with an excess of 223 million yuan over the project amount, categorized as over-raised funds [3]. Group 3: Project Delay Reasons - The delay in the "Regional Service Network Construction Project" is attributed to incomplete site acquisitions and ongoing equipment procurement, despite achieving some progress [4]. - The company emphasized that the delay does not alter the project's feasibility or negatively impact its normal operations, and it will continue to monitor the project's progress to maximize benefits for shareholders [4].

Group 1: ExxonMobil Huizhou Ethylene Project - The ExxonMobil Huizhou Ethylene Project Phase I officially commenced production on July 15, with a total investment of $10 billion, marking it as the first major petrochemical project wholly owned by a U.S. company in China and the first foreign-funded petrochemical project in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - Ethylene, known as the "mother of the petrochemical industry," is a crucial raw material for organic chemicals, and the project aims to produce high-end chemical products to effectively meet domestic market demand [1] Group 2: XPeng Heavens' B Round Financing - XPeng Heavens announced the completion of a $250 million B round financing on July 15, which will be used to ensure the smooth progress of research and development, mass production, and commercialization of flying cars [3] - The world's first flying car mass production factory has been topped out and is currently undergoing equipment debugging, with plans to be completed in the fourth quarter of this year, and the "land aircraft carrier" is expected to be delivered in 2026 [3][4] Group 3: Guangdong's Innovative Drug Approvals - Guangdong has received approval from the National Medical Products Administration for 25 Class I innovative drugs and 48 innovative medical devices, showcasing products like Ivosidenib injection and Orelabrutinib tablets [5] - The province ranks among the top in the country in terms of the number of pharmaceutical, medical device, and cosmetic manufacturing enterprises, as well as the quantity of registered products and innovative approvals [5][6] Group 4: Macao Tourism Price Index - The Macao tourism price index increased by 1.42% year-on-year in the second quarter of 2025, driven by higher prices for jewelry, watches, and entertainment, while clothing and dining services saw price declines [7] - The price index for miscellaneous items (jewelry, watches, and crafts) and entertainment and cultural activities rose by 13.40% and 12.00% respectively, while clothing and dining prices fell by 3.14% and 2.80% [7] Group 5: Shenzhen Stock Market Performance - The Shenzhen Component Index closed at 10,744.56 points, up 0.56% on July 15 [8] - Notable gainers included Dingjie Zhishi with a price of 46.02 yuan, up 20.00%, and Xinyi Sheng at 157.08 yuan, also up 20.00% [8]

创业板指今日上涨1.73%，报收2235.05点，创业板全日成交额4474.44亿元，比上个交易日增加601.64亿 元。今日可交易创业板股中，363只股收盘上涨，涨幅超过10%的有14只，其中，鼎捷数智、新易盛、 博汇股份等3股涨停，涨幅在5%至10%之间的有27只，收盘下跌的有1009只，跌幅超10%的有3只。 证券时报·数据宝统计显示，换手率方面，创业板今日平均换手率为4.27%，换手率区间分布显示，换手 率超过20%的有41只，换手率10%~20%之间的有147只，换手率5%~10%的有315只，换手率1%~5%的有 844只，换手率不足1%的有36只。 换手率最高的是欣灵电气，该股今日收盘下跌8.50%，全天换手率60.31%，成交额6.44亿元；其次是元 道通信，该股今日收盘下跌11.81%，全天换手率56.71%，成交额6.95亿元；换手率居前的还有长荣股 份、东田微、C同宇等，换手率分别为45.53%、43.69%、43.31%。 注：剔除近两个月上市次新股。本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 交易所公开信息显示，今日高换手率创业板股共有6只上榜 ...

证券代码：301139 证券简称：元道通信 公告编号：2025-032 二、风险提示 1、公司于 2025 年 7 月 11 日收到中国证券监督管理委员会（以下简称"中 国证监会"）下发的《立案告知书》（编号：证监立案字 03720253016 号）， 详见公司 2025 年 7 月 11 日于巨潮资讯网披露的《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）。 目前，公司各项经营活动和业务未受外部情况影响，均处于正常有序开展 状态。针对本次立案调查，公司高度重视，将积极配合中国证监会调查并与上 级监管机构保持沟通。 截至本公告披露日，公司尚未收到中国证监会就上述立案事项的结论性意 见或决定。如有进展，公司将严格按照相关法律法规和监管要求及时履行信息 披露义务回应市场关切。敬请广大投资者理性投资，注意风险。 2、公司已在深圳证券交易所预约 2025 年 8 月 29 日披露《2025 年半年度报 告》。截至本公告披露日，根据《深圳证券交易所创业板股票上市规则》等法 律法规，公司不存在需要披露业绩预告的情况，且未向任何第三方提供 2025 年 半年度财务数据。 元道 ...

Core Viewpoint - On July 14, the Shanghai Composite Index rose by 0.27%, with institutional investors appearing on the trading lists of 35 stocks, net buying 19 and net selling 16 [1] Institutional Trading Summary - Institutional special seats net bought the most in Xiangyang Bearing, which closed at the daily limit with a turnover rate of 27.67% and a transaction amount of 2.076 billion yuan, net buying 110.74 million yuan [2] - San Chuan Wisdom closed up 15.27% with a turnover rate of 32.50%, net buying 75.27 million yuan, but had a net outflow of 35.2 million yuan [2] - Zhongke Magnetic Industry closed down 5.10% with a turnover rate of 45.77%, net buying 53.99 million yuan, but had a net outflow of 49.77 million yuan [2] Market Performance - The average increase of stocks with institutional net purchases was 2.36%, outperforming the Shanghai Composite Index [3] - Stocks like Changrong Co. and Xinling Electric showed strong performance, closing at the daily limit [3] - Historical data indicates a 52.06% probability of stocks with institutional net purchases rising the next day, and a 39.70% probability of rising in the following three days [3] Earnings Forecasts - Among the stocks with institutional net purchases, four have released half-year earnings forecasts, with Yuhua Development expected to have a net profit of 200 million yuan, a year-on-year increase of 708% [3] Net Selling Summary - The stock with the highest net selling by institutions was Siyuan Electric, with a net selling amount of 162.84 million yuan, while also seeing a net inflow of 98.77 million yuan [3] - Dazhihui was noted for a net selling of 120.24 million yuan, with a significant net outflow of 433 million yuan [4] Deep and Shanghai Stock Connect - On July 14, 15 stocks on the trading list had appearances from the Deep and Shanghai Stock Connect, with Siyuan Electric and Zhongke Jincai seeing net purchases of 139 million yuan and 113 million yuan respectively [7][8] - Stocks like Hengbao Co. and Greenland Holdings experienced significant net selling amounts of 193 million yuan and 79.38 million yuan respectively [8]

Core Viewpoint - Jiangsu Wuzhong Pharmaceutical Development Co., Ltd. (*ST Suwu*) has been found to have false records in its annual reports from 2020 to 2023, leading to a proposed fine of 10 million yuan and potential forced delisting due to major violations [1][4][7]. Group 1: Company Violations - *ST Suwu* has been identified for financial fraud over four consecutive years, with significant false reporting in its annual financial statements [3]. - The company inflated its operating income by 495 million yuan, 469 million yuan, 431 million yuan, and 377 million yuan for the years 2020 to 2023, which accounted for 26.46%, 26.39%, 21.26%, and 16.82% of the reported revenue respectively [4]. - The inflated total profit for the same years was 14.58 million yuan, 20.27 million yuan, 19.92 million yuan, and 21.22 million yuan, representing 2.89%, 51.65%, 26.42%, and 29.81% of the total profit [4]. Group 2: Related Financial Misconduct - The company failed to disclose non-operating fund occupation by related parties, which amounted to 127 million yuan, 1.393 billion yuan, 1.543 billion yuan, and 1.693 billion yuan from 2020 to 2023, constituting 6.88%, 74.20%, 84.60%, and 96.09% of the net assets reported [5]. - There was also a misrepresentation of the actual controller of the company, with false disclosures made from 2018 to 2023 regarding the control of the company [5]. Group 3: Regulatory Actions - The China Securities Regulatory Commission (CSRC) has mandated *ST Suwu* to rectify its reports, issued warnings, and imposed fines on the actual controller and other executives [6]. - The company is among several others facing similar risks of forced delisting due to major violations, with at least five other companies also potentially facing this outcome [2][8].

业绩持续断崖下滑，上市后遭遇发展瓶颈 财务数据显示，元道通信的衰退具有典型"上市即变脸"特征。2023年至2024年， 元道通信 分别实现营收17.79亿元、 12.82亿元，分别同比下滑15.7%、27.39%；分别实现归母净利润6928.07万元、4235.57万元，分别同比下滑44.73%、 38.86%。2025年一季度业绩仍未见好转，营业收入达3.07亿元，同比下降26.78%；归母净利润更是接近腰斩，仅为 1063.6万元，同比下降47.67%。 对于业绩持续下滑的原因，元道通信曾解释为主动优化业务结构，减少低效益项目；运营商投资方向调整导致传统通 信工程建设需求减少；新兴业务尚处于投入期，尚未完全贡献利润；财务费用因新增融资渠道增加；以及政府补助减 少等。然而，这些解释难以掩盖公司在运营管理和业务拓展方面存在的深层次问题。 7月11日，深交所创业板上市公司元道通信（301139.SZ）公告称收到证监会《立案告知书》，因涉嫌年报财务数据虚 假记载被正式立案调查。这家2022年上市的通信技术服务企业，在三年间营收从2022年的21.11亿元缩水至2024年的 12.82亿元，净利润同期跌幅达66.4 ...