信息发布不准确、不完整 风险提示不充分！双良节能及有关责任人被上交所警示

Core Viewpoint - The Shanghai Stock Exchange issued a regulatory warning to Shuangliang Energy (600481) due to inaccurate and incomplete information regarding its "commercial aerospace" related announcements, which lacked sufficient risk disclosures [2][4]. Group 1: Company Announcement and Market Reaction - On February 12, 2026, Shuangliang Energy announced via its WeChat public account that it had secured three overseas orders for a total of 12 high-efficiency heat exchangers, intended for use in the SpaceX Starship launch base expansion [3]. - Following the announcement, the company's stock price hit the daily limit up from 13:26 until market close on the same day [3]. - The total value of the three orders is approximately 13.92 million yuan, accounting for about 0.11% of the company's audited revenue for the fiscal year 2024, indicating no significant impact on the company's financial performance [3]. Group 2: Clarification and Regulatory Response - After regulatory prompting, the company clarified that it is not a direct partner with SpaceX but an indirect supplier for an international industrial gas company's fuel project related to commercial aerospace [3]. - The Shanghai Stock Exchange emphasized that the company should provide accurate, objective, and comprehensive information, especially regarding high-interest topics like "commercial aerospace," to avoid misleading investors [4]. - The company failed to disclose the supply method, sales scale, and the minimal impact of the orders on overall operations, which led to regulatory scrutiny [4]. Group 3: Regulatory Actions and Compliance Measures - The Shanghai Stock Exchange found that the company's actions violated several provisions of the Shanghai Stock Exchange Listing Rules and self-regulatory guidelines [4]. - The former board secretary, Yang Likang, was held responsible for the company's information disclosure failures and was issued a regulatory warning [5]. - The company is required to implement effective measures to rectify the identified violations and submit a compliance report within one month, signed by all directors and senior management [5].