ECC(SH:600850) Xin Lang Cai Jing·2026-01-19 06:23Core Viewpoint - The Shanghai Stock Exchange issued a regulatory warning to China Electronics Technology Group Corporation Digital Technology Co., Ltd. (referred to as "CETC Digital") due to misleading information disclosure regarding its business operations and financial performance [1][4]. Group 1: Company Operations and Financials - CETC Digital's subsidiary, Shanghai Baifei Electronic Technology Co., Ltd. (referred to as "Baifei Electronics"), reported that it provides satellite internet solutions, including onboard high-performance computing, AI computing, and RF transmission products, claiming to have established a fully domestic solution [2][6]. - Following the disclosure of this information, CETC Digital's stock price increased by 19.37% by January 12, 2026 [2][6]. - However, the company later revealed that its satellite communication products generated only approximately 3.9 million yuan in orders for the entire year of 2025, accounting for less than 0.1% of total business, indicating significant uncertainty in future development [2][6]. Group 2: Regulatory Actions and Legal Implications - The Shanghai Stock Exchange determined that CETC Digital's disclosures did not accurately reflect the development stage and sales scale of its satellite communication and AI products, leading to potential investor misguidance [3][7]. - As a result, the company was required to issue a risk warning announcement on January 13, 2026, to clarify the misleading information [2][8]. - Legal representatives are now collecting claims from investors who purchased CETC Digital's securities between January 5 and January 11, 2026, and either sold or held them after January 12, 2026, due to the company's alleged information disclosure violations [4][9].