Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated an investigation into Hainan Huatie (603300.SH) for suspected violations of information disclosure, following the termination of a significant contract with Hangzhou X Company, which has led to a notable decline in the company's stock price [2][3]. Group 1: Investigation and Regulatory Actions - On October 16, Hainan Huatie announced that it received a notice from the CSRC regarding an investigation due to suspected information disclosure violations [2]. - The company is currently operating normally and will cooperate with the CSRC's investigation while fulfilling its disclosure obligations [2]. Group 2: Contract Termination and Market Impact - Hainan Huatie's subsidiary, Hainan Huatie Dahuangfeng, terminated a "Computing Power Service Agreement" with Hangzhou X Company, which was originally signed in March 2025 for a total amount of 3.69 billion yuan (including tax) over five years [2][3]. - The termination was attributed to significant changes in market conditions and a lack of procurement orders since the contract was signed, leading to a stock price drop of over 20% within six trading days following the announcement [3]. Group 3: Shareholder Actions - On October 15, Hainan Huatie announced that a major shareholder, Hu Danfeng, completed a share buyback plan, purchasing 6.448 million shares, which is 0.32% of the total share capital, for a total amount of approximately 49.9972 million yuan [4]. - The buyback was intended to enhance investor confidence in the company's future development and long-term value [4].
603300 被证监会立案调查!