因披露中标“商业航天”项目不准确、不完整， “4连板”杭萧钢构被监管警示

Core Viewpoint - The Shanghai Stock Exchange issued a regulatory warning to Hangxiao Steel Structure Co., Ltd. due to abnormal stock trading and insufficient disclosure regarding a project bid, which led to significant stock price fluctuations [1][2][3]. Group 1: Regulatory Actions - On January 13, the Shanghai Stock Exchange decided to issue a regulatory warning to Hangxiao Steel Structure and its responsible personnel due to the company's stock price rising significantly and deviating from market trends [1]. - The company experienced a cumulative stock price increase of 46.80% over four consecutive trading days, with a trading volume turnover rate of 15.79%, indicating high trading risk [1][2]. Group 2: Project Bid and Market Reaction - Hangxiao Steel Structure announced a joint bid with Hunan Construction Group for a project related to a large liquid rocket assembly and recovery base, with a contract value of approximately 2.53 billion yuan, of which Hangxiao's share is about 69.31 million yuan [2]. - Following the announcement, the company's stock price saw multiple consecutive limit-ups, raising concerns about the sustainability of this price increase [2][4]. Group 3: Information Disclosure Issues - The company failed to accurately reflect the specifics of the project bid and did not sufficiently disclose the potential impact on its operational performance, leading to misleading information for investors [3]. - The Shanghai Stock Exchange emphasized the need for the company to provide accurate and comprehensive information, especially regarding uncertainties and risks associated with the project [3]. Group 4: Company Position on Market Speculation - Despite the strong market interest, Hangxiao Steel Structure clarified that it does not have any business related to "commercial aerospace," distancing itself from speculative trading linked to this concept [5]. - The company acknowledged that its stock price had deviated significantly from its fundamental value and warned of potential rapid declines in the future [5].