海南华铁（603300）被预处罚，股民索赔可期

Core Viewpoint - Hainan Huatie (stock code: 603300) is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for incomplete disclosure of significant contract details and failure to timely disclose major contract developments [1][2][6]. Group 1: Incomplete Disclosure of Major Contracts - On March 3, 2025, Hainan Huatie's wholly-owned subsidiary signed a "Computing Power Service Agreement" with a company in Hangzhou, with a total contract value of 3.69 billion yuan. However, the company failed to disclose critical terms that significantly impact the contract's execution in its announcement on March 5, 2025 [1][6]. Group 2: Untimely Disclosure of Major Contract Developments - The agreement stipulated a planned acceptance date by the end of April 2025, but the subsidiary did not deliver on time. After exceeding the delivery deadline, the company engaged in negotiations and signed two amendments to extend the acceptance date, which were not disclosed in a timely manner [2][7]. - On September 30, 2025, the company announced the termination of the "Computing Power Service Agreement," but this was after the failure to disclose the delays and amendments [2][7]. Group 3: Regulatory Actions and Penalties - The CSRC's Zhejiang Bureau plans to impose a fine of 8 million yuan on Hainan Huatie and issue warnings to responsible personnel due to the violations [2][6]. - Following the announcement of the contract termination, the Shanghai Stock Exchange issued a regulatory letter to Hainan Huatie regarding the termination of the major contract [2][7]. Group 4: Investor Compensation and Legal Actions - Investors who suffered losses due to the company's alleged information disclosure violations can register for compensation claims through legal representatives. The conditions for claims include purchasing Hainan Huatie's securities between March 5, 2025, and September 30, 2025, and selling or holding them after October 1, 2025 [3][8]. - Legal representatives are collecting claims from affected investors, emphasizing that the administrative penalty decision is a necessary prerequisite for filing lawsuits [3][9].