Da Zhong Ri Bao·2026-01-15 00:20Group 1 - The core issue involves regulatory warnings issued to Electric Science Digital and Hangxiao Steel Structure for their high-profile disclosures related to "commercial aerospace" activities, which were found to lack substantial backing and clarity regarding their business scale and impact [1] - Electric Science Digital reported that it had constructed a fully domestic solution in the satellite internet sector and claimed that its AI products were "mass-produced," while Hangxiao Steel Structure announced winning a rocket base project, leading to significant short-term stock price increases for both companies [1] - Regulatory scrutiny revealed that Electric Science Digital's related orders were less than 14 million yuan, and Hangxiao Steel Structure was only involved in conventional steel structure construction, with both companies failing to adequately disclose the early-stage nature and minimal scale of their respective businesses [1] Group 2 - The practice of using hot topics to offset performance pressures may stabilize stock prices in the short term but risks undermining investor trust in innovation over the long term [2] - Strategic industries like commercial aerospace, AI, and low-altitude economy should receive capital support, but many companies are overstating their involvement with minimal business connections and vague technical descriptions, leading to dilution and misuse of concepts [2] - Companies are urged to abandon selective disclosure practices and provide clear, quantifiable information regarding their business involvement in hot topics, while investors should be cautious of "story premiums" and establish verification mechanisms to identify potential "pseudo-hotspots" [2]