HUATIE(SH:603300) Xin Hua Wang·2025-10-16 16:12Core Viewpoint - Hainan Huatie is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following the termination of a significant contract that raised market concerns [1] Group 1: Regulatory Actions - On October 16, Hainan Huatie received a notice from the CSRC regarding the initiation of a case due to alleged violations of information disclosure laws [1] - The Zhejiang Securities Regulatory Bureau has commenced an investigation into Hainan Huatie for the same reasons [1] Group 2: Contractual Developments - On March 4, 2025, Hainan Huatie announced a contract with Hangzhou X Company for computing power services, valued at 3.69 billion yuan, which represented over two-thirds of the company's projected revenue for 2024 [1] - Following the announcement of this contract, Hainan Huatie's stock price experienced a three-day limit-up surge [1] - On September 30, Hainan Huatie abruptly announced the termination of the contract, citing significant changes in market conditions and a lack of received orders, leading to market skepticism [1] - The stock price subsequently faced a two-day limit-down decline after the termination announcement [1]