证券代码:300147 证券简称:ST 香雪 公告编号:2025—047 广州市香雪制药股份有限公司 关于收到延长预重整期间决定书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、广州中院延长公司预重整期间情况 2025 年 10 月 20 日，广州市香雪制药股份有限公司（以下简称"公司"） 收到广州市中级人民法院（以下简称"广州中院"）送达的（2025）粤 01 破申 54-2 号《决定书》，主要内容如下： 经审查，本院同意广州市香雪制药股份有限公司预重整期间延长至 2026 年 1 月 11 日。 二、公司预重整进展情况 1、2025 年 1 月 27 日，公司收到债权人广东景龙建设集团有限公司（以下 简称"景龙建设"）送达的《告知函》，其以公司未履行生效法律文书、不能清 偿到期债务，明显缺乏清偿能力，但具有重整价值及重整的可行性为由，向广州 中院申请对公司进行预重整。具体内容详见公司于 2025 年 2 月 6 日在巨潮网披 露的《关于被债权人申请预重整的提示性公告》（公告编号：2025-002）。 2025 年 2 月 12 日，广州中院就公 ...

Group 1 - The core point of the news is the increasing severity of regulatory actions against financial fraud in the Chinese stock market, exemplified by the termination of ST Yuancheng's listing due to serious financial misconduct [1] - The new delisting rules implemented in April 2024 allow for companies to be delisted after one year of serious fraud, expanding the scope of delisting [3] - Since the new rules were enacted, over 50 companies have been terminated or entered delisting procedures, indicating a significant increase in delisting efficiency [3] Group 2 - ST Zhuolang's case illustrates the extent of financial fraud, with the company inflating revenue by 1.815 billion yuan through fictitious business operations from 2018 to 2022 [3] - ST Zhongcheng's fraudulent activities spanned six years, with profits inflated by over 1.3 billion yuan through methods such as falsifying project progress [5] - The trend of delisting due to stock prices falling below 1 yuan has become prevalent, with over 60% of delisted companies in 2025 falling into this category [5] Group 3 - Regulatory technology has improved the detection of fraud, with GPS data revealing discrepancies in reported logistics activities [10] - Satellite imagery has been utilized to verify claims made by companies, such as agricultural coverage, effectively curbing asset inflation attempts [11] - The number of regulatory inquiries has increased by 40% in the first half of 2025, with over 60% targeting abnormal financial data [18] Group 4 - The market is experiencing a shift in investor sentiment, with a notable decrease in trading volume coinciding with an increase in delisted companies [13] - Institutional investors are adjusting their strategies, reducing exposure to small-cap and low-liquidity stocks to historic lows [13] - Retail investors face significant challenges, with average losses exceeding 70% for those holding delisted stocks [15] Group 5 - The emergence of innovative drug companies contrasts sharply with the wave of delistings in traditional industries, highlighting a structural shift in market resource allocation [15] - The introduction of supportive policies for the smart terminal industry aims to accelerate capital flow towards emerging sectors [15] - Breakthroughs in nuclear fusion technology showcase the potential of tech-driven companies, contrasting with the fates of fraudulent firms [16]

Core Insights - The Chinese medicine sector experienced a slight decline of 0.28% on September 30, with ST Xiangxue leading the losses [1][2] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Notable gainers in the Chinese medicine sector included: - Xinbang Pharmaceutical (002390) with a closing price of 3.80, up 10.14% and a trading volume of 974,400 shares, totaling 361 million yuan [1] - Wanbangde (002082) closed at 66.11, up 10.00% with a trading volume of 216,600 shares, totaling 252 million yuan [1] - Other companies with positive performance included: - Jinhua Co. (600080) up 2.91% [1] - Zhongsheng Pharmaceutical (002317) up 1.83% [1] Fund Flow Analysis - The Chinese medicine sector saw a net outflow of 478 million yuan from institutional investors, while retail investors contributed a net inflow of 395 million yuan [2][3] - Key stocks with significant fund flow included: - Xinbang Pharmaceutical (002390) with a net inflow of 135 million yuan from institutional investors [3] - Zhongsheng Pharmaceutical (002317) with a net inflow of 57.69 million yuan [3] - Wanbangde (002082) with a net inflow of 53.26 million yuan [3]

证券代码：300147 证券简称：ST 香雪 公告编号：2025-045 广州市香雪制药股份有限公司 第九届董事会第三十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 表决结果：同意 6 票、反对 0 票、弃权 0 票。 特此公告。 广州市香雪制药股份有限公司董事会 2025 年 9 月 30 日 审议通过了《关于聘任董事会秘书的议案》 公司董事会于近日收到公司董事、董事会秘书徐力先生的书面辞职报告，徐 力先生因个人原因，申请辞去公司董事会秘书职务，辞去上述职务后，徐力先生 仍在公司担任董事职务。 根据《公司法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板 上市公司规范运作》及《公司章程》的相关规定，公司董事会同意聘任向进先生 担任公司董事会秘书，任期自本次董事会审议通过之日起至第九届董事会届满之 日止（目前公司第九届董事会已届满，换届选举工作尚在筹备中，为保证公司董 事会工作的连续性和稳定性，公司第九届董事会将延期换届，本届董事会各专门 委员会、高级管理人员的任期也将相应顺延）。 本议案已经公司董事会提名委员会审议通过。 具体内容 ...

一、关于董事会秘书离任的情况 广州市香雪制药股份有限公司（以下简称"公司"）董事会于近日收到公司 董事、董事会秘书徐力先生的书面辞职报告，徐力先生因个人原因，申请辞去公 司董事会秘书职务，根据《公司法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《公司章程》等相关规定，徐力先生的辞职 申请自送达董事会之日起生效。辞去上述职务后，徐力先生仍在公司担任董事职 务。 截至本公告披露日，徐力先生持有公司 201,701 股，占公司总股本 0.03%， 不存在应当履行而未履行的承诺事项，其辞去董事会秘书职务后仍将严格按照 《上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则》《深 圳证券交易所上市公司自律监管指引第 18 号——股东及董事、高级管理人员减 持股份（2025 年修订）》等相应法律、法规、规范性文件进行管理。 公司及董事会对徐力先生在任职期间为公司发展作出的贡献表示衷心的感 谢。 证券代码:300147 证券简称: ST 香雪 公告编号:2025-046 广州市香雪制药股份有限公司 关于董事会秘书离任及聘任董事会秘书的公告 本公司及董事会全体成员保证信息披露的内容真 ...

Core Insights - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou on September 24, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst global changes [1][3] Group 1: Forum Overview - The forum has previously taken place in locations such as Hong Kong, Shenzhen, and the Hengqin Guangdong-Macao Cooperation Zone, establishing significant influence [1] - The event gathered government officials, consuls from various countries, business leaders, and experts to discuss the evolving global economic landscape [1][3] Group 2: Key Themes and Discussions - The forum addressed critical topics including global trade, corporate globalization, digital economy, and artificial intelligence, structured into six main segments [5] - A significant focus was on the transformation of the global economic landscape, driven by geopolitical complexities, trade protectionism, and the regionalization of supply chains [5][7] - Experts emphasized the need for Chinese enterprises to adapt their strategies and enhance competitiveness through technological innovation and brand development [5][7] Group 3: Expert Insights - Former Vice Minister of Commerce Wei Jianguo highlighted the increasing uncertainty and costs for businesses due to rising trade protectionism and the regionalization of supply chains [5][7] - Former Deputy Governor of the People's Bank of China Li Dongrong noted that finance plays a crucial role in the evolution of global trade patterns, acting as an "invisible hand" [7] - Hong Kong's Deputy Secretary for Justice, Zhang Guojun, discussed the importance of high-level foreign professional services to support mainland enterprises in their international ventures [9] Group 4: Innovation and Technology - The forum recognized digital technology as a core force in reshaping financial systems, with discussions on the implications of Central Bank Digital Currencies (CBDCs) and private digital currency regulations [12] - Artificial intelligence was identified as a key driver of industrial transformation, with discussions on its integration and value creation across sectors [12] Group 5: Investment Perspectives - The forum explored whether China is entering a new growth cycle amid the restructuring of global capital flows and economic transformation [13] - Discussions included the potential for a long-term bull market in China, focusing on macro trends and investment practices [13]

Group 1 - The "New Pattern New Path - Phoenix Bay Area Financial Forum 2025" was successfully held in Guangzhou on September 23-24, 2025, gathering government officials, consuls, business leaders, and financial experts to explore new development opportunities amidst global changes [1][3] - The forum included the "2025 Phoenix Star Listed Company Awards" ceremony on September 23 and a series of discussions on global trade, corporate globalization, digital economy, and artificial intelligence on September 24 [3] Group 2 - The chairman of Phoenix TV, Xu Wei, emphasized Guangzhou's historical significance as a commercial hub and the importance of the forum in navigating the current complex global landscape [5][6] - Keynote speeches addressed the profound changes in the global economic and trade landscape, highlighting the rise of protectionism and the need for Chinese companies to adapt their strategies [8][10] Group 3 - Discussions on corporate globalization revealed a shift from mere expansion to a focus on value creation, with emphasis on local operations and compliance [17][21] - The forum featured insights from various industry leaders on the importance of integrating local production and research in global strategies [19][23] Group 4 - The role of digital technology in reshaping financial systems was highlighted, with discussions on the development of central bank digital currencies and regulatory frameworks for private digital currencies [25][28] - Experts discussed the strategic opportunities presented by stablecoins and the need for a globally accepted regulatory framework for secure cross-chain transactions [30][31] Group 5 - The forum concluded with discussions on the potential for a new growth cycle in the Chinese market, with expectations for supportive policies to attract investment [38][40] - The "2025 Phoenix Star Listed Company Awards" recognized outstanding companies, showcasing their ability to innovate and collaborate internationally [48]

Core Insights - The "New Pattern, New Path - Phoenix Bay Area Financial Forum 2025" was held in Guangzhou, gathering government officials, consuls, business leaders, and experts to explore new development opportunities amid global changes [1][3] - The forum emphasized the importance of cultural exchange and cooperation, aiming to create a platform for ongoing communication and consensus building [3] Economic and Trade Landscape - The forum featured discussions on the restructuring of the global economic and trade landscape, highlighting the rise of trade protectionism and the increasing complexity of geopolitical dynamics [4] - Experts emphasized the need for Chinese enterprises to adapt their strategies and enhance competitiveness through technological innovation and brand development [4] - Financial systems are seen as crucial drivers of changes in global trade patterns, with a call for understanding financial principles to navigate future challenges [4] Globalization and Business Strategies - A roundtable discussion included consuls from the UK, Japan, and Turkey, focusing on exploring new possibilities for global economic cooperation [5] - The forum addressed the need for high-level professional services to support mainland enterprises in their international ventures, with Hong Kong positioned as a key facilitator [5] - Discussions on corporate globalization highlighted the importance of integrating local production and research to achieve sustainable growth in foreign markets [5] Digital Economy and Financial Innovation - The forum recognized the role of digital technology in reshaping financial systems, particularly with the development of central bank digital currencies (CBDCs) and regulatory frameworks for private digital currencies [6] - Experts discussed the need for a globally accepted regulatory framework to ensure the safe circulation of stablecoins [7] - The integration of artificial intelligence in various sectors was highlighted as a means to enhance quality of life and improve service delivery [7][8]

Core Viewpoint - The "Phoenix Bay Area Finance Forum 2025" held in Guangzhou focuses on exploring new paths and opportunities in the context of a changing global economic landscape, emphasizing the importance of international cooperation and cultural exchange [1][3]. Group 1: Global Economic Trends - The global economic landscape is undergoing profound changes due to the interplay of rule restructuring, geopolitical tensions, and technological revolutions, leading to a rise in protectionism and increased operational uncertainties for businesses [5][7]. - Experts highlighted the need for Chinese enterprises to reshape their strategies and enhance competitiveness through technological innovation and brand development in response to the evolving economic environment [5][7]. Group 2: Financial Dynamics - Financial systems are crucial drivers of changes in global trade patterns, with a focus on understanding financial principles to navigate future challenges effectively [7][9]. - The forum discussed the role of high-level foreign professional services in supporting mainland enterprises' international expansion, particularly through Hong Kong's resources [9]. Group 3: Digital Economy and AI - Digital technology is recognized as a core force in reshaping financial systems, with discussions on the implications of central bank digital currencies (CBDCs) and private digital currency regulations for cross-border payments and financial security [12]. - Artificial intelligence is seen as a key driver of industrial transformation, with opportunities for integration and application across various sectors [12]. Group 4: Investment Opportunities - The potential for a new growth cycle in the Chinese market has become a focal point for global investors, with discussions on the macro trends and investment practices that could lead to a significant revaluation of Chinese assets [13]. - The forum concluded with insights into capital market trends and the importance of traditional cultural reassessment in asset logic transformation [14].

Core Insights - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou on September 24, focusing on the theme "New Pattern, New Path" to explore development opportunities amidst global economic changes [1][4] - The forum gathered government officials, consuls, business leaders, and experts to discuss the evolving global economic landscape and the implications for businesses [1][5] Economic Trends - The global economic landscape is undergoing profound changes due to rule restructuring, geopolitical tensions, and technological revolutions, leading to a rise in protectionism and regionalization of supply chains [5][8] - Experts emphasized the need for Chinese enterprises to reshape their strategies and enhance competitiveness through technological innovation and brand development [5][8] Digital Economy and AI - Digital technology is recognized as a core force in reshaping financial systems, with discussions on the implications of Central Bank Digital Currencies (CBDCs) and private digital currency regulations [13] - Artificial intelligence is seen as a key driver of industrial transformation, with opportunities for integration and application across various sectors [13] Globalization and Investment - The forum highlighted a shift in Chinese enterprises' globalization strategies from mere expansion to value creation, emphasizing localized operations and compliance [12] - Discussions on whether China is entering a new growth cycle attracted global investor interest, focusing on macro trends and the revaluation of Chinese assets [15]