HUATIE(SH:603300) Zhong Guo Jing Ji Wang·2026-01-02 01:19Core Viewpoint - Hainan Huatie (603300.SH) has received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) for incomplete disclosure of significant contract announcements and failure to timely disclose major contract developments, leading to potential violations of the Securities Law [1][4]. Group 1: Incomplete Disclosure of Major Contracts - The company signed a "Computing Power Service Agreement" with a total contract value of 3.69 billion yuan, but failed to disclose critical terms that significantly impact the agreement's execution [2]. - The company announced the signing of the agreement on March 5, 2025, but omitted important clauses regarding the legal obligations of both parties [2]. Group 2: Untimely Disclosure of Major Contract Developments - The company did not meet the planned acceptance deadline for the agreement, which was set for the end of April 2025, and subsequently failed to disclose the delays and changes in the acceptance timeline [3]. - The company issued a termination notice for the agreement on September 30, 2025, without timely updates on the delays [3]. Group 3: Regulatory Findings and Penalties - The Zhejiang Regulatory Bureau has determined that the company's actions constitute violations of multiple provisions of the Securities Law, leading to proposed penalties including a fine of 5 million yuan for the company and fines for responsible individuals [4][5]. - The total penalties proposed include 8 million yuan for the company and fines of 400,000 yuan for the former general manager, 260,000 yuan for the former chairman, and 260,000 yuan for the former board secretary [6][7]. Group 4: Shareholder Information - As of September 30, 2025, the major shareholders include Hainan Haikong Industrial Investment Co., Ltd. with a 13.78% stake and Hu Danfeng with an 8.86% stake [8].