（文章来源：证券日报） 证券日报网讯 12月5日，国投智能在互动平台回答投资者提问时表示，公司已建立控股股东股权变动相 关管理机制及信息披露规范，对控股股东对外投资等重大事项，均设有明确的报备与披露约定，相关事 项严格按规则执行。此次事项暴露出公司在关联主体信息动态跟踪方面的细化提升空间，后续公司将进 一步优化管理机制，强化关联主体信息的实时核查与动态跟踪，完善风险预警流程。关于控股股东对外 投资的信息披露，公司将严格遵循信息披露相关规则，结合事项重要性，合规履行披露义务。 ...

思林杰12月5日公告，公司于近日收到中国证券监督管理委员会广东监管局出具的《行政监管措施决定 书》。经查，公司存在信息披露不准确、募集资金使用不规范等问题。信息披露不准确方面，公司实际 控制人、董事长周茂林以及董事兼总经理刘洋存在为他人代持合计1.32%公司股份的情况，未及时告知 公司为他人代持股份事项，导致公司相关年度定期报告披露的信息不准确。募集资金使用不规范方面， 公司募集资金使用超出招股说明书所列用途且未履行审议程序，相关置换公告披露不准确；超募资金账 户存放了公司部分补充运营资金，超出第三方存管协议约定的资金用途，相关存放与实际使用情况报告 披露不准确。广东证监局决定对公司采取责令改正的行政监管措施，对周茂林、刘洋、劳仲秀、陈梦 媛、高海林采取出具警示函的行政监管措施，并记入证券期货市场诚信档案。 ...

Core Viewpoint - Ningxia Securities Regulatory Bureau has decided to impose corrective administrative measures on Yinchuan Weili Transmission Technology Co., Ltd. due to incomplete information disclosure and other internal control issues [1][2][10]. Group 1: Information Disclosure Issues - The company failed to disclose key terms in its announcement regarding a project investment agreement with the Yinchuan Economic Development Zone Management Committee on September 23, 2023, violating the regulations of the Information Disclosure Management Measures [1][9]. - The company is required to submit a written rectification report within 30 days of receiving the decision [2][10]. Group 2: Internal Control and Financial Reporting - The company has been found to have irregular internal controls and insufficient provision for bad debts on accounts receivable, indicating issues in financial accounting and internal operations [2][10]. - The company must enhance the professional level of its financial personnel and improve the quality of financial reporting [2][10]. Group 3: Responsibilities of Management - The former chairman Li Abbo, general manager Li Xiang, and board secretary Bao Yixuan are primarily responsible for the aforementioned issues and will face regulatory discussions [3][12]. - The company is mandated to strengthen the learning of securities laws and regulations among its board and senior management to improve compliance and operational standards [2][10]. Group 4: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 638.35 million yuan, a year-on-year increase of 95.03%, but a net loss attributable to shareholders of 57.89 million yuan, a decrease of 461.61% [5][6]. - The company’s total assets increased by 48.88% year-on-year, while the equity attributable to shareholders decreased by 12.49% [6].

Core Points - The company, Lianjian (Jiangsu) Technology Co., Ltd., has approved the 2025 Q3 report and the Securities Investment Management System to enhance information disclosure and investment practices [1][2][3]. Group 1: Q3 Report Compliance - The board confirmed that the preparation and review process of the 2025 Q3 report complies with the Company Law, Securities Law, and relevant regulations of the Shenzhen Stock Exchange, ensuring the report accurately reflects the company's operational status without any false statements or omissions [2]. - The report was approved unanimously by the board's audit and compliance management committee with a vote of 9 in favor, 0 against, and 0 abstentions [2]. Group 2: Securities Investment Management System - The newly established Securities Investment Management System aims to regulate investment behaviors and enhance risk control and returns, aligning with legal frameworks and the company's specific circumstances [3]. - This system signifies a move towards more standardized and institutionalized management of external investments, providing guidelines and risk control frameworks for potential future securities investment activities [3]. - The proposal for this system also received unanimous approval from the board with 9 votes in favor [3]. Group 3: Meeting Details - The board meeting was held on October 28, 2025, chaired by Chairman Yang Jiangjin, with all 9 board members present, ensuring compliance with the Company Law and the company's articles of association [4].

Core Points - Tianrun Industrial Technology Co., Ltd. announced the resolutions from the 25th meeting of the 6th Board of Directors, including the approval of the Q3 2025 report and the establishment and revision of four management systems aimed at enhancing corporate governance and information disclosure standards [1][3][9] Meeting Overview - The meeting was convened on October 24, 2025, following a notification sent via email on October 14, 2025. It was chaired by Chairman Xing Yunbo, with all 9 directors present, including 3 independent directors attending via remote means. The meeting complied with the Company Law and Articles of Association, making the resolutions legally valid [2] Key Resolutions - The Q3 2025 report was unanimously approved with 9 votes in favor, and it was disclosed on October 27, 2025, through various financial news platforms [3] - The proposal for the establishment of the "Information Disclosure Delay and Exemption Management System" was approved, aimed at regulating the processes for information disclosure delays and exemptions, ensuring investor rights and company information security [4] - The revision of the "Major Information Internal Reporting System" was approved to clarify the pathways and responsibilities for transmitting major information, enhancing internal information management efficiency [5] - The revision of the "Insider Information Knowledge Person Registration Management System" was approved to strengthen the registration, reporting, and confidentiality management of insider information, mitigating insider trading risks [6] - The revision of the "Information Disclosure Management System" was approved to optimize the information disclosure process in line with regulatory updates, ensuring the disclosure is truthful, accurate, and complete [7] Documentation - The resolutions from the meeting have been archived as reference documents, and investors can access detailed information through the company's designated information disclosure platforms [8]

Core Viewpoint - Beijing Hanjian Heshan Pipeline Co., Ltd. received an administrative supervision measure from the Beijing Securities Regulatory Bureau, requiring the company to rectify issues related to financial accounting, information disclosure, and compliance with regulations [1][2]. Summary by Sections Overall Rectification Arrangement - The company has taken the issues raised in the decision seriously and has communicated them to all board members, supervisors, and senior management. A comprehensive review and analysis of the matters have been conducted, and rectification plans have been proposed [2]. Issues and Measures Ordered for Rectification Issue 1: Non-compliance in Financial Accounting - Problems identified include inaccurate revenue recognition for a project, incorrect write-offs of accounts receivable, and inadequate impairment provisions for construction costs and goodwill [3]. - Rectification measures include holding meetings to approve corrections of prior accounting errors, enhancing financial personnel's understanding of revenue standards, and improving internal controls and audit processes [4][5][6]. Issue 2: Non-compliance in Disclosing Major Litigation - The company failed to timely disclose a cumulative litigation amount of 122 million yuan over 12 months [7]. - Measures taken include establishing a litigation case management system, improving internal communication regarding significant information, and enhancing compliance awareness among management [8][9][10]. Issue 3: Non-compliance in Disclosing Related Transactions - The company did not follow proper procedures for disclosing related transactions totaling 65.63 million yuan over 12 months [11]. - Rectification actions involve confirming related transactions, conducting compliance training, and strengthening internal management regarding related party transactions [12][14][15]. Summary of Rectification Status - The company acknowledges the issues in financial accounting and information disclosure and emphasizes the importance of compliance for sustainable development. It aims to enhance the awareness of regulatory compliance among its management and improve the quality of information disclosure [16].

Core Viewpoint - Beijing Hanjian Heshan Pipeline Co., Ltd. (Hanjian Heshan) has received an administrative regulatory measure from the Beijing Securities Regulatory Bureau due to multiple violations, including improper financial accounting, failure to disclose significant litigation, and non-compliance in disclosing related party transactions [1][2]. Group 1: Regulatory Violations - The company was found to have improper financial accounting practices, including inaccurate revenue recognition for a project in Guangxi, leading to discrepancies in financial statements [1]. - Hanjian Heshan failed to disclose significant litigation, with a total involved amount of 122 million yuan over the past 12 months, and did not report this in its interim report for 2023 [1]. - The company did not properly disclose related party transactions, totaling 65.63 million yuan over the past 12 months, and failed to follow required review procedures and timely information disclosure obligations [1]. Group 2: Regulatory Actions - The Beijing Securities Regulatory Bureau has issued a warning letter to Hanjian Heshan and its key personnel, which will be recorded in the capital market integrity file [2]. - The responsible individuals are required to submit a written rectification report within 15 working days from the receipt of the decision [2]. Group 3: Company Performance - Since August, Hanjian Heshan's stock price has been on a decline, closing at 5.22 yuan per share on September 25, down 1.88% [3].

Core Viewpoint - The company, Han Jian He Shan, has received a warning letter from the Beijing Securities Regulatory Bureau due to various regulatory violations, including improper financial accounting and failure to disclose significant lawsuits and related party transactions in a timely manner [1][2]. Financial Violations - The company was found to have non-compliant financial accounting practices, including incorrect revenue recognition for a project in Guangxi, leading to inaccuracies in income and other financial statement items [1] - There were inaccuracies in the write-off of accounts receivable and the aging calculation, resulting in incorrect provisions for bad debts [1] - The impairment provisions for construction contracts were also inaccurately calculated, and the reasons for changes in asset group scope during goodwill impairment testing were not clearly stated [1] Disclosure Issues - Han Jian He Shan failed to timely disclose significant lawsuits, with a total involved amount of 122 million yuan over the past 12 months, which was not reported in the interim report for the first half of 2023 [1] - The company also did not properly disclose related party transactions, totaling 65.63 million yuan over the past 12 months, and failed to follow required review procedures and timely information disclosure obligations [1] Company Overview - Han Jian He Shan was established on July 7, 2004, and was listed on the Shanghai Stock Exchange in June 2015. The company specializes in the research, production, and sales of prestressed concrete pipes (PCCP), reinforced concrete drainage pipes (RCP), and ready-mixed concrete [4] - In the first half of 2023, the company reported a revenue of 310 million yuan, representing a year-on-year increase of 103.08%, and a net profit attributable to shareholders of 6.38 million yuan, up 118.71% year-on-year [4] - As of September 25, 2023, the company's stock price was 5.22 yuan per share, reflecting a decline of 1.88% [4]

Core Viewpoint - The company has received an administrative regulatory decision from the Shaanxi Securities Regulatory Bureau, which identified several issues related to financial reporting and compliance, prompting the company to implement corrective measures to address these issues [1][15]. Group 1: Issues Identified - Issue 1: Non-standard revenue recognition, where the company failed to timely recognize revenue for certain customers in 2024, leading to inaccurate financial statement disclosures [1][5]. - Issue 2: Non-compliance in the management and use of raised funds, where the company used idle raised funds for cash management without proper authorization during a review period [5][6]. - Issue 3: Inaccurate disclosure of the top five customers in the 2024 annual report, due to failure to consolidate customers under the same controlling entity and delays in revenue recognition [9][10]. Group 2: Corrective Measures - For revenue recognition issues, the company has organized training for financial personnel on accounting standards and has implemented stricter controls to ensure timely and accurate revenue recognition [2][12]. - To address the management of raised funds, the company has enhanced the awareness and compliance of board members and relevant departments regarding the regulations governing raised funds [6][7]. - For the inaccuracies in customer disclosures, the company has established a process for verifying customer control structures and ensuring proper reporting of customer data in financial statements [10][12]. Group 3: Responsibility and Execution - The corrective measures involve key personnel including the Chairman, General Manager, and Financial Director, along with various departments such as finance, market, and sales [3][8][13]. - The company has confirmed that all corrective actions have been completed and will continue to enforce compliance measures [4][9][11]. Group 4: Summary of Rectification - The company acknowledges the shortcomings identified by the regulatory body and is committed to enhancing compliance awareness and internal controls to prevent future occurrences [15].

Group 1 - The company, Huitian Thermal Power, issued a correction announcement on August 30, 2025, due to errors in the cash flow statements and disclosures in the semi-annual report [1] - On September 12, the company and its executives received a warning letter from the Liaoning Securities Regulatory Bureau for non-compliance in information disclosure [1] - The company acknowledged the issues and initiated a self-examination process, implementing corrective measures to improve internal processes and compliance with regulations [2] Group 2 - Huitian Thermal Power reported a revenue of 1.21 billion yuan for the first half of 2025, a slight increase of 0.05% year-on-year, while the net profit was a loss of 144 million yuan, an improvement from a loss of 294 million yuan in the same period last year [3] - The company plans to engage Shenyang International Land Port Group for integrated warehousing and transportation services, with an estimated total transaction amount of approximately 71.3 million yuan over two years [3] - This transaction is aimed at ensuring stable coal supply for heating during winter, as the company has faced challenges in coal storage and transportation due to the dispersed locations of its heating sources [4]