*ST苏吴(600200)将进入退市整理期。 12月1日晚间，*ST苏吴(600200)发布公告称，公司当日收到上交所出具的《关于江苏吴中医药发展股份 有限公司股票终止上市的决定》，上交所决定终止公司股票上市。 公司股票将于2025年12月9日进入退市整理期，股票简称变更为"退市苏吴"，预计最后交易日期为2025年 12月29日。退市整理期间，公司股票将在上交所风险警示板交易，首个交易日无价格涨跌幅限制，此后 每日涨跌幅限制为10%。退市整理期届满后5个交易日内，上交所将对公司股票予以摘牌，公司股票终止 上市。 此前，公司在11月25日收到证监会下发的《行政处罚决定书》，认定：1.公司未如实披露实际控制人， 2018年至2023年年度报告存在虚假记载；2.虚增营业收入、营业成本和利润，未按规定披露关联方非经营 性占用资金情况，2020年至2023年年度报告存在虚假记载和重大遗漏。同日，公司还收到上交所下发的 《关于拟终止江苏吴中医药发展股份有限公司股票上市的事先告知书》。 由于触及《上海证券交易所股票上市规则》规定的重大违法强制退市情形，公司股票将被实施重大违法 强制退市，自2025年11月26日起停牌。 《 ...

公司股票进入退市整理期的起始日为2025年12月9日，交易期限为15个交易日，预计最后交易日期为 2025年12月29日;首个交易日无价格涨跌幅限制，此后每日涨跌幅限制为10%。公司股票在退市整理期 届满后的5个交易日内由上海证券交易所予以摘牌，公司股票终止上市。公司股票在退市整理期内全天 停牌的，停牌期间不计入退市整理期，预计的最后交易日期将顺延，全天停牌天数累计不超过5个交易 日。 智通财经APP讯，*ST苏吴(600200.SH)发布公告，公司于2025年12月1日收到上海证券交易所出具的 《关于江苏吴中医药发展股份有限公司股票终止上市的决定》(上海证券交易所自律监管决定书 〔2025〕275号)，上海证券交易所决定终止公司股票上市。 ...

格隆汇12月1日丨*ST苏吴(600200.SH)公布，公司于2025年12月1日收到上海证券交易所出具的《关于江 苏吴中医药发展股份有限公司股票终止上市的决定》（上海证券交易所自律监管决定书〔2025〕275 号），上海证券交易所决定终止公司股票上市。 ...

Core Viewpoint - ST德豪 (002005.SZ) announced a planned reduction of shares by its major shareholder, 蚌埠鑫睿项目管理有限公司, which currently holds 4.46% of the company's total shares [1] Shareholding Summary - 蚌埠鑫睿项目管理有限公司 holds 78,164,447 shares, representing 4.46% of the total share capital of the company [1] - After excluding shares held in the company's repurchase special securities account, the holding percentage is 4.49% [1] Reduction Plan - The shareholder plans to reduce its holdings by 25,741,400 shares, which accounts for 1.47% of the total share capital [1] - When excluding the repurchase special securities account shares, the reduction represents 1.48% of the total share capital [1] - The reduction will occur within three months, starting from December 20, 2025, to March 19, 2026, through centralized bidding and block trading [1]

Core Viewpoint - The gaming stocks in Macau have shown a general upward trend, with significant increases in share prices for major companies such as MGM China, Melco International Development, Sands China, and Galaxy Entertainment, indicating positive market sentiment towards the gaming sector [1] Group 1: Stock Performance - MGM China shares rose by 3.68% to HKD 16.64 [1] - Melco International Development shares increased by 2.65% to HKD 5.04 [1] - Sands China shares went up by 2.42% to HKD 21.16 [1] - Galaxy Entertainment shares climbed by 2.07% to HKD 40.52 [1] Group 2: Revenue Insights - According to a recent report by JPMorgan, the total gaming revenue for the first 23 days of the month reached MOP 15.6 billion, averaging MOP 678 million per day [1] - Although the average daily revenue decreased by 4% week-on-week to MOP 642 million due to high base effects, the trend for the month shows a growth of over 10% compared to November of last year [1] - This performance aligns with JPMorgan's forecast of a 13% year-on-year growth for Macau gaming revenue in the fourth quarter, suggesting potential upside [1]

Group 1 - The core viewpoint of the article highlights a general rise in gaming stocks, with specific increases noted for major companies such as MGM China, Melco International Development, Sands China, and Galaxy Entertainment [1] - According to a recent report from JPMorgan, the total gaming revenue for the first 23 days of the month reached 15.6 billion MOP, averaging 678 million MOP per day [1] - Although the average daily revenue decreased by 4% week-on-week to 642 million MOP due to high base effects, the trend for the month indicates a growth of over 10% compared to November of last year [1] Group 2 - JPMorgan's forecast for Macau gaming revenue growth in Q4 this year is 13% year-on-year, with indications of moderate upside potential based on current trends [1] - The report suggests that while gaming revenue is slightly strong, the stock prices of gaming companies are relatively low, but there is optimism for the trend of gaming stocks in the coming year [1]

Group 1 - The core viewpoint of the news is that Macau gaming stocks continue to rise, with specific companies like Melco International Development, MGM China, Sands China, Galaxy Entertainment, and SJM Holdings showing significant gains [1] - Melco International Development and Sands China have recorded five consecutive days of increases in their stock prices [1] - According to a report by Jefferies, the Macau government expects gaming revenue to reach MOP 236 billion (approximately USD 29.4 billion) next year, indicating a cautious outlook for sustained high single-digit growth in gaming revenue [1] Group 2 - Jefferies has adjusted its revenue outlook for the remainder of this year and next year to year-on-year growth rates of 9.1% and 3.6%, respectively [1] - The firm has raised its forecast for Macau's gaming revenue for this year from USD 28.217 billion to USD 30.777 billion, reflecting recent strong market performance [1]

Core Viewpoint - *ST Suwu has been identified by the China Securities Regulatory Commission (CSRC) for three major violations, leading to a mandatory delisting situation, with trading suspension starting from November 26 [1][5]. Group 1: Violations Identified - The CSRC's administrative penalty decision outlines three violations by *ST Suwu and related parties: failure to disclose the actual controller accurately, false reporting of revenue, costs, and profits from 2020 to 2023, and significant omissions regarding non-operating fund occupation by related parties from 2020 to 2023 [2][3]. - Specifically, after a change in shareholding in February 2018, the actual controller was identified as Qian Qunshan, but the company continued to report Qian Qunying as the controller in its annual reports from 2018 to 2023, constituting false records [3]. Group 2: Penalties Imposed - The CSRC has ordered *ST Suwu to correct its violations, issued a warning, and imposed a fine of 10 million yuan [3]. - Additionally, penalties totaling 20.5 million yuan have been imposed on Qian Qunshan, Qian Qunying, Chen Yi, Sun Xi, and Luo Xiao, with Qian Qunshan facing a 10-year ban from the securities market due to his role in the violations [4]. Group 3: Trading Suspension and Delisting Process - Following the CSRC's findings, *ST Suwu's stock is subject to mandatory delisting as per the Shanghai Stock Exchange's regulations, with trading suspension effective from November 26 [5]. - The company will enter a delisting transition period lasting 15 trading days, after which its stock will be delisted [7]. Group 4: Investor Compensation - Investors may seek compensation through various means, including advance compensation and legal actions, as the company faces delisting due to financial fraud [8][9].

Core Points - *ST Suwu is facing potential delisting due to violations including failure to disclose actual controllers and false reporting in annual reports from 2018 to 2023 [1][2] - The company has been found to have inflated revenue, costs, and profits through non-commercial trade activities with related companies, leading to significant discrepancies in financial reporting [2] - The China Securities Regulatory Commission (CSRC) has imposed a fine of 10 million yuan and ordered the company to rectify its violations, with the stock being suspended from trading starting November 26 [3] Financial Discrepancies - From 2020 to 2023, *ST Suwu inflated its reported revenue by amounts ranging from 37.67 million yuan to 49.53 million yuan, representing 16.82% to 26.46% of the reported revenue for those years [2] - The inflated costs during the same period ranged from 35.54 million yuan to 48.07 million yuan, accounting for 20.95% to 37.08% of the reported costs [2] - The total profit inflation was between 1.46 million yuan and 2.12 million yuan, which constituted 2.89% to 51.65% of the reported profit for the respective years [2] Regulatory Actions - The CSRC has mandated corrective actions and issued warnings, with the potential for mandatory delisting under the Shanghai Stock Exchange rules due to serious violations [3] - If the stock is delisted, it will enter a 15-day trading period marked as "delisting," followed by a five-day period before being officially removed from the exchange [3] - As of November 25, *ST Suwu's stock was trading at 1.24 yuan per share, with a total market capitalization of 881 million yuan [3]

Core Viewpoint - *ST Suwu is facing potential delisting due to significant violations of disclosure regulations and financial misstatements, as determined by the China Securities Regulatory Commission (CSRC) [1][2][3] Group 1: Violations and Financial Misstatements - The company and its related parties failed to disclose the actual controller and made false records in annual reports from 2018 to 2023, including inflated revenue, costs, and profits [1][2] - Specific inflated figures include: - Revenue inflated by 495.26 million CNY (26.46%), 468.51 million CNY (26.39%), 430.75 million CNY (21.26%), and 376.66 million CNY (16.82%) from 2020 to 2023 [2] - Costs inflated by 480.68 million CNY (37.08%), 448.24 million CNY (35.47%), 410.82 million CNY (28.40%), and 355.44 million CNY (20.95%) during the same period [2] - Total profit inflated by 14.58 million CNY (2.89%), 20.27 million CNY (51.65%), 19.92 million CNY (26.42%), and 21.22 million CNY (29.81%) [2] Group 2: Regulatory Actions and Consequences - The CSRC has ordered the company to rectify its violations, issued a warning, and imposed a fine of 10 million CNY, with other parties facing varying penalties [2] - Due to the severity of the violations, the company's stock will be suspended from trading starting November 26, and it may face mandatory delisting under the Shanghai Stock Exchange rules [3] Group 3: Current Stock Performance - As of November 25, the stock of *ST Suwu closed at 1.24 CNY per share, with a total market capitalization of 881 million CNY [4]