HUATIE(SH:603300) Mei Ri Jing Ji Xin Wen·2025-10-16 15:07Core Viewpoint - Hainan Huatie (603300.SH) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, following the termination of a significant contract worth 3.69 billion yuan for computing power services [2][3]. Group 1: Contract Termination - On September 30, Hainan Huatie announced the termination of a computing power service contract with a company in Hangzhou, which was expected to generate approximately 700 million yuan in annual revenue over five years [3]. - The termination was attributed to significant changes in market conditions and the lack of any procurement orders since the contract was signed [3][4]. - The contract's cancellation raised regulatory concerns, prompting the Shanghai Stock Exchange to issue a regulatory letter regarding the matter [3]. Group 2: Financial Impact - Hainan Huatie stated that the termination of the contract did not affect its normal production and operations, as there were no actual procurement costs or capital expenditures incurred [4]. - The company emphasized that the contract's termination would not severely harm the interests of the company or its shareholders [4]. Group 3: Market Reaction - Following the announcement of the contract termination, Hainan Huatie's stock price experienced a significant decline, dropping 21.93% to a closing price of 7.62 yuan, with a total market capitalization of 15.215 billion yuan [7]. - The company had previously been a popular stock in the A-share market, benefiting from the rising trend of "computing power stocks" [6].