深夜！20万股民，踩雷！

Core Viewpoint - Hainan Huatie is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following the termination of a significant contract that had previously driven stock price increases [1][3]. Group 1: Investigation and Regulatory Actions - On October 16, 2025, Hainan Huatie received a notice from the CSRC regarding the initiation of an investigation due to suspected violations of information disclosure laws [1]. - The investigation is based on the company's previous announcement about a contract worth 3.69 billion yuan (approximately 0.54 billion USD) for providing computing power services, which has since been terminated [3][4]. Group 2: Contract and Market Reactions - The contract with Hangzhou X Company was expected to generate an average annual revenue of about 700 million yuan (approximately 0.1 billion USD) over five years, but was later deemed unfeasible due to market changes [3][4]. - Following the announcement of the contract termination, Hainan Huatie's stock experienced significant declines, with two consecutive days of trading halts [5]. Group 3: Shareholder Actions - In response to the market turmoil, the former controlling shareholder, Hu Danfeng, announced the termination of a planned share reduction and instead proposed to increase his stake by investing between 30 million yuan (approximately 4.3 million USD) and 50 million yuan (approximately 7.2 million USD) [5]. - On October 14, 2025, Hainan Huatie's controlling shareholder, Hainan Haikong Industrial Investment Co., Ltd., along with Hu Danfeng, collectively invested over 92 million yuan (approximately 13.2 million USD) to increase their holdings [8]. Group 4: Shareholder Structure - As of the latest data, Hainan Huatie has over 200,000 shareholders, indicating a significant retail investor base [9]. - The number of shareholders has seen substantial fluctuations, with a notable increase of 362.72% from March 31, 2025, to June 30, 2025 [11].