Hylink(SH:603825) Zheng Quan Zhi Xing·2025-08-22 11:14Core Viewpoint - The company, Huayang Lianzhong Digital Technology Co., Ltd., is facing a risk warning and stock suspension due to receiving an administrative penalty notice from the China Securities Regulatory Commission (CSRC) regarding false financial disclosures [1][2]. Group 1: Stock Suspension and Risk Warning - The company's stock will be suspended from trading starting August 25, 2025, and will resume trading under the name "ST Huayang" on August 26, 2025 [1][2]. - The stock code remains "603825," and the risk warning is implemented due to the CSRC's notice indicating false financial reporting [2]. Group 2: Reasons for Risk Warning - The risk warning is based on the CSRC's administrative penalty notice, which states that the company's annual report contained false financial indicators, including revenue, total profit, and net profit [2][3]. - The specific rule cited for the risk warning is from the Shanghai Stock Exchange's listing rules, which allows for such actions when a company is found to have false financial disclosures [2]. Group 3: Company Response and Remedial Actions - The company's board and management are taking measures to mitigate the negative impact of the penalty and are committed to rectifying the issues identified in the CSRC's notice [3][4]. - The company has conducted a thorough self-examination and has corrected accounting errors, with adjustments made to financial statements for the years 2021 to 2022 [4]. - The company aims to apply for the removal of the risk warning once it meets the necessary conditions, including a 12-month period since the CSRC's decision and restatement of financial reports [3][4]. Group 4: Investor Communication - During the risk warning period, the company will provide channels for investor inquiries via phone and email, ensuring timely responses while adhering to confidentiality regulations [4][5]. - The company emphasizes its commitment to compliance and improving the quality of financial disclosures to protect investor interests [4][5].