Shang Hai Zheng Quan Bao·2026-01-13 14:33Core Viewpoint - The Shanghai Stock Exchange issued regulatory warnings to Hangxiao Steel Structure and China Electronics Technology Digital due to inaccurate and incomplete information related to commercial aerospace, which has led to significant market reactions and stock price volatility [2][6][10]. Group 1: Hangxiao Steel Structure - Hangxiao Steel Structure was involved in a joint bid for a project related to a large liquid rocket, with a contract value of approximately 2.53 billion yuan, of which the company's portion is about 69.32 million yuan [6]. - The company stated that this contract represents less than 1% of its audited revenue for 2024 and will not have a significant impact on its annual performance [6]. - The Shanghai Stock Exchange emphasized the need for accurate and comprehensive disclosures, especially in the context of the highly scrutinized commercial aerospace sector, to avoid misleading investors [6][7]. Group 2: China Electronics Technology Digital - China Electronics Technology Digital reported that its satellite communication products had total orders of approximately 3.9 million yuan for the entire year of 2025, which is less than 0.1% of its overall business [10]. - The company acknowledged that its AI products are still in the early stages of delivery and have not yet achieved large-scale sales, with total orders around 10 million yuan, indicating low revenue impact [10][11]. - The Shanghai Stock Exchange noted that the company failed to accurately reflect the development stage and sales scale of its products, which could mislead investors regarding the company's overall operational situation [11][12].