海南华铁被立案：公司股价下跌，近37亿元算力订单已终止

Core Points - Hainan Huatie's stock price dropped significantly after the announcement of an investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, with a decline of 9.45% to 6.9 yuan per share, resulting in a market capitalization of approximately 13.778 billion yuan [1] - The company stated that its production and operational activities are proceeding normally and that it will cooperate with the CSRC during the investigation while adhering to legal disclosure obligations [1] - A lawyer noted that investors who purchased Hainan Huatie shares between March 5, 2025, and September 30, 2025, may have the right to file lawsuits for compensation related to potential losses [1] Contractual Developments - In March 2025, Hainan Huatie's wholly-owned subsidiary, Huatie Dahuangfeng, signed a 5-year contract worth 3.69 billion yuan (including tax) with Company X for cloud computing services, which was expected to generate an average annual revenue of approximately 700 million yuan [2] - On October 1, 2025, Hainan Huatie announced the termination of the service agreement due to significant changes in market conditions and the lack of any purchase orders since the contract was signed [2] - The termination of this contract resulted in a substantial loss of potential revenue, estimated to be in the tens of billions of yuan, contributing to the stock price decline following the announcement [3]