智通财经APP讯，科森科技(603626.SH)发布公告，公司及相关人员于2025年11月21日收到中国证券监督 管理委员会江苏监管局(以下简称"江苏证监局")下达的《江苏证监局关于对昆山科森科技股份有限公 司、徐金根、向雪梅、瞿李平采取出具警示函措施的决定》，内容公告如下： 2022年，科森科技以购销往来款名义向唯士达支付资金并于当期收回，构成关联方非经营性资金占用， 单笔资金占用周期1至4天。科森科技未按相关规定履行审议程序和信息披露义务，违反了2021年《信披 办法》第三条第一款、第四十一条的规定。科森科技时任董事长、总经理徐金根，时任财务总监、副总 经理、董事向雪梅未勤勉尽责，对该事项承担主要责任。 2018年至2024年，科森科技与关联方江苏唯士达智能检测系统有限公司(以下简称唯士达)、江苏盈智融 科技有限公司、东台市科盛餐饮管理有限公司发生日常购销关联交易，公司未按相关规定履行审议程序 和信息披露义务，迟至2025年4月27日召开董事会追加审议并于2025年4月29日对外披露，相关公告存在 关联交易金额披露错误的情形。 根据2007年《信披办法》第五十九条、2021年《信披办法》第五十二条的规定， ...

Core Viewpoint - Guangxi Wuzhou Transportation Co., Ltd. has received administrative regulatory measures from the Guangxi Securities Regulatory Bureau due to issues related to accounting irregularities and failure to fulfill obligations regarding the integrity records of proposed directors and senior management [1][2][3] Group 1: Regulatory Findings - The company has been found to have non-compliant accounting practices, specifically in the recognition of revenue from its commercial operations between 2022 and 2024, leading to inaccurate financial reporting [1][4] - The company failed to conduct integrity record checks for proposed directors and senior management during the same period, violating relevant regulations [2][4] Group 2: Required Actions - The company is mandated to enhance the legal and regulatory training for all directors and senior management to improve their performance and compliance with information disclosure and internal control [2][5] - The company must strengthen its financial accounting practices to ensure the quality of financial reporting and rectify the identified issues within 30 days of receiving the regulatory decision [2][5] Group 3: Accountability - The former chairman, general manager, and chief accountant of the company are held primarily responsible for the violations and are subject to regulatory discussions [3][4] - The company acknowledges the issues raised and commits to a thorough review and improvement of its compliance with relevant laws and regulations [5][6]

Core Viewpoint - Wuzhou Transportation (600368) has received regulatory measures from the Guangxi Securities Regulatory Bureau due to issues related to accounting irregularities and failure to conduct integrity checks on proposed senior management appointments [2][3] Group 1: Regulatory Actions - The Guangxi Securities Regulatory Bureau issued a corrective order to Wuzhou Transportation and initiated regulatory talks with responsible individuals [2][3] - The company is required to submit a rectification report within a specified timeframe [4] Group 2: Identified Issues - Wuzhou Transportation's accounting practices were found to be non-compliant, with insufficient basis for revenue recognition in its trading business from 2022 to 2024, leading to inaccurate financial disclosures [3] - The company failed to conduct required integrity checks on proposed directors and senior management, violating relevant regulations [3] Group 3: Company Operations and Financial Performance - Wuzhou Transportation is the only listed company in Guangxi operating toll road businesses, managing highways and engaging in logistics and asset management [5] - For the first three quarters of 2025, the company reported revenues of 1.205 billion yuan, a year-on-year decrease of 0.86%, and a net profit of 508 million yuan, down 10.26% from the previous year [5]

Core Viewpoint - Wuzhou Transportation has received regulatory measures from the Guangxi Securities Regulatory Bureau due to issues related to accounting irregularities and failure to conduct integrity checks on proposed senior management appointments [1][2]. Group 1: Regulatory Actions - The Guangxi Securities Regulatory Bureau issued a corrective order to Wuzhou Transportation for non-compliance with accounting standards and improper revenue recognition practices from 2022 to 2024 [1]. - The company failed to conduct required integrity checks on proposed directors and senior management, violating relevant regulations [1]. Group 2: Company Response - Wuzhou Transportation emphasizes its commitment to addressing the issues raised by the regulatory body and plans to enhance its financial management and compliance practices [2]. - The company will prepare a rectification report within the stipulated timeframe as per the regulatory requirements [2]. Group 3: Business Overview - Wuzhou Transportation is the only listed company in Guangxi operating toll road businesses, with significant operations in toll collection and logistics [3]. - For the first three quarters of 2025, the company reported a revenue of 1.205 billion yuan, a decrease of 0.86% year-on-year, and a net profit of 508 million yuan, down 10.26% year-on-year [3].

Core Viewpoint - Haon Automotive (301488) confirmed compliance with the information disclosure regulations, ensuring that all investors receive information simultaneously and fairly [1] Group 1 - Haon Automotive responded to investor concerns regarding compliance with the disclosure regulations set to take effect on July 1, 2025, under the "Management Measures for Information Disclosure of Listed Companies" [1] - The company emphasized that it strictly adheres to the information disclosure obligations and does not engage in any violations of the regulations [1]

Core Viewpoint - The company Shanshui Bide (300844.SZ) received a warning letter from the Guangdong Securities Regulatory Bureau due to violations related to the management and use of raised funds [1][2][3] Group 1: Regulatory Violations - From September 2021 to August 2023, the company used idle raised funds for cash management, involving 22 transactions, of which 3 were principal-protected and 19 were non-principal-protected [2] - The company failed to accurately disclose the types of financial products used in cash management and did not sufficiently warn about the risks associated with non-principal-protected products [2] - These actions violated multiple regulations, including the "Guidelines for the Management and Use of Raised Funds by Listed Companies" [2] Group 2: Company Leadership Responsibility - Key executives, including Chairman Cai Bin and Secretary Qin Peng, were found primarily responsible for the company's violations due to their failure to fulfill their duties as per the information disclosure regulations [3] - The company’s major shareholders, including Sun Hu and Cai Bin, have a close relationship and jointly control several investment entities [3] Group 3: Company Background and Financials - Shanshui Bide was listed on the Shenzhen Stock Exchange on August 13, 2021, with an initial price of 80.23 yuan per share, raising a total of 810 million yuan, netting 691 million yuan after expenses [4] - The company’s stock price peaked at 116.11 yuan on its first trading day but has since experienced a decline, currently trading below its initial offering price [4] - The company has a history of dividend distribution, with a plan to increase shares by 4 for every 10 held in May 2025 [5]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) issued a warning letter to Yonghui Supermarket Co., Ltd. for failing to timely disclose changes in shareholding after reducing its stake in Hongqi Chain Co., Ltd. from 11% to 10% [1][5][6] Group 1: Company Actions - Yonghui Supermarket acquired over 5% of Hongqi Chain shares in 2017 through a transfer agreement [1][5] - From April 21 to April 24, 2025, Yonghui Supermarket reduced its holdings by 13.6 million shares, resulting in a decrease in ownership from 11% to 10% [1][5] - The company did not disclose the change in shareholding until July 21, 2025, violating the regulations [1][6] Group 2: Regulatory Framework - According to the "Measures for the Administration of the Acquisition of Listed Companies," investors must report changes in shareholding when reaching or crossing the 5% threshold within three days [3][4] - The CSRC can impose administrative measures, including issuing warning letters, for non-compliance with disclosure obligations [4][6] - Yonghui Supermarket's actions were recorded in the securities and futures market integrity database as part of the regulatory measures [1][6]

Core Viewpoint - The investigation report on a safety incident at Kanglong Chemical, a leading CRO in China, reveals that two employees died due to asphyxiation during a production operation, highlighting significant management failures and safety protocol violations [2][3][4]. Company Overview - Kanglong Chemical (SZ300759) is a prominent CRO providing comprehensive R&D services to pharmaceutical companies, with a current stock price of 35.25 yuan and a market capitalization of 62.681 billion yuan [2]. Incident Details - The incident occurred on June 3, resulting in the deaths of two night shift operators during the crystallization experiment of a new drug, DP818. The accident was classified as a general production safety incident due to violations of operational protocols [2][3][4]. - The specific operation involved 248 steps, with the incident occurring during step 193, where operators were required to monitor and record temperatures [3]. Investigation Findings - The investigation identified that the operators failed to use an oxygen content detection device while releasing nitrogen gas, leading to their asphyxiation. The report indicated multiple management failures, including inadequate safety training and lack of adherence to safety protocols [4][5]. - The company’s management, including the COO, faces penalties, with suggested fines ranging from 20% to 50% of their annual salaries [5]. Financial Implications - Kanglong Chemical may face fines between 300,000 to 1 million yuan, which is relatively minor compared to its 2024 projected revenue of 12.276 billion yuan and net profit of 1.793 billion yuan [5]. Disclosure Obligations - The incident does not fall under mandatory disclosure requirements for listed companies as it is classified as a general accident. However, the company may still have obligations to disclose the incident if it significantly impacts financial performance or reputation [6].

Core Viewpoint - Shenzhen Kanda Electronic Technology Co., Ltd. received a warning letter from the Shenzhen Securities Regulatory Bureau regarding a violation of reporting obligations related to shareholding changes [1][2]. Summary by Sections Warning Letter Details - The warning letter was issued to Guo Fengming, a shareholder holding over 5% of the company's shares, for failing to report and announce changes in shareholding when the combined holding with concerted actors reached a multiple of 5% [1][2]. - The actions violated the "Measures for the Administration of the Acquisition of Listed Companies" and related regulations [1][2]. Regulatory Measures - The Shenzhen Securities Regulatory Bureau decided to issue a warning letter as an administrative regulatory measure, emphasizing the need for Guo Fengming to learn from the incident and prevent future violations [2]. - Guo Fengming is required to submit a written report to the bureau within 15 days of receiving the decision [2]. Company Response - The company and relevant personnel have acknowledged the issues raised in the warning letter and committed to enhancing their understanding of securities laws and regulations to prevent recurrence [3]. - The company will ensure that all directors, senior management, and relevant shareholders strengthen their compliance with regulations and fulfill information disclosure obligations [3]. - The regulatory measures will not affect the company's normal operations, and it will continue to comply with disclosure requirements [3].

Core Viewpoint - The article discusses the implications of the "non-ST stock one yuan lightning delisting" mechanism, highlighting the unfairness faced by investors due to sudden delistings and lack of information disclosure, which exacerbates information asymmetry and investor losses [1][2][4]. Group 1: Investor Impact - Investors in non-ST companies faced significant losses due to sudden delistings without prior warning or adequate information, leading to a sense of betrayal and confusion [1][2]. - The absence of quarterly reports post-delisting has left investors in an information vacuum, making it difficult to assess the financial health of the companies they invested in [1][2]. - Many investors were unaware of the risks associated with delisting, as they had not signed agreements acknowledging such risks, resulting in unexpected liquidity issues [2][4]. Group 2: Regulatory Concerns - Regulatory bodies failed to announce penalties against major shareholders of delisted companies, allowing them to sell shares at a loss to unsuspecting investors [2][4]. - The lack of transparency and timely information from regulators has led to suspicions of collusion between major shareholders and regulatory personnel [2][4]. - The article emphasizes the need for stricter enforcement of disclosure regulations to protect investors and ensure accountability among listed companies [5][6]. Group 3: Information Disclosure System - The article critiques the suggestion by former President Trump to reduce earnings report frequency, arguing that it could worsen information asymmetry in the Chinese market, where quarterly disclosures are crucial for investor protection [4][6]. - It advocates for a differentiated disclosure system where compliant companies could benefit from reduced reporting frequency, while problematic companies would face increased scrutiny through more frequent disclosures [6][7]. - The need for timely and accurate information disclosure is underscored as essential for maintaining market fairness and protecting investors, particularly during delisting processes [5][6][7].