Core Viewpoint - Shanghai Fudan Fuhua Technology Co., Ltd. is facing administrative penalties from the China Securities Regulatory Commission (CSRC) due to violations in financial reporting, leading to a risk warning and a temporary suspension of its stock trading [2][12]. Group 1: Risk Warning Implementation - The company's stock will be subject to a risk warning, changing its A-share name from "Fudan Fuhua" to "ST Fuhua" starting September 23, 2025 [2][4]. - The stock will be suspended for one day on September 22, 2025, and will have a daily price fluctuation limit of 5% after the risk warning is implemented [3][4]. Group 2: Administrative Penalties - The CSRC issued an administrative penalty notice on September 19, 2025, citing false disclosures in the company's annual reports for 2019, 2020, and 2023 [12][13]. - The company reported a profit inflation of 50.65 million yuan in 2019 and 2.59 million yuan in 2020 due to understated costs, affecting the reported profit totals by 60.25% and 7.11% respectively [13]. - In 2023, the company allegedly understated asset impairment losses by 27.82 million yuan, inflating profits by 118.48% [14]. Group 3: Company Response and Measures - The board of directors is taking measures to mitigate negative impacts and plans to apply for the withdrawal of the risk warning once certain conditions are met [5]. - The company has been conducting normal business operations and has made corrections to previous financial statements following the identification of accounting errors [19][21]. - The company has committed to improving compliance and internal controls to prevent future violations and enhance the quality of information disclosure [22].

Core Viewpoint - The company has received a regulatory document from the Sichuan Regulatory Bureau of the China Securities Regulatory Commission due to false records in its annual report financial indicators, leading to the implementation of other risk warnings [1] Group 1 - The company's stock will be suspended for one day on September 22 and will resume trading on September 23, changing its name to "ST Cisco Ray" [1] - The company has corrected the relevant accounting errors and made retrospective adjustments to its financial statements, affecting the consolidated financial statements for the years 2022-2024 [1]

Group 1 - The company has announced the removal of the delisting risk warning and some other risk warnings, changing its stock abbreviation from "*ST 京蓝" to "ST 京蓝" while maintaining the stock code "000711" [1][8] - The stock will be suspended for one day on September 5, 2025, and will resume trading on September 8, 2025, with a daily price fluctuation limit of 5% [1][8] - The company faced a delisting risk warning due to negative net assets at the end of 2022, which triggered the relevant regulations [2][3] Group 2 - The company’s subsidiary, 中科鼎实环境工程有限公司, was found to have inflated revenue and profits for 2020 through false cost inputs related to an unfinished project, leading to a false record in the annual report [1][7] - The company has been under other risk warnings due to continuous negative net profits for three consecutive years from 2020 to 2022, and an audit report indicating uncertainty in its ability to continue as a going concern [2][3] - As of April 26, 2024, the company had 58 bank accounts, with 18.97% still frozen, and a total of 4,032,151.39 yuan frozen, which is 0.85% of its audited cash funds [6]

Core Viewpoint - Jilin Huamei Electronics Co., Ltd. is facing delisting risk warnings due to an audit report for the 2024 financial year that was issued with a disclaimer of opinion, leading to the implementation of delisting risk warnings and other risk warnings [1][4]. Group 1: Delisting Risk Warnings - The company’s stock is under delisting risk warning as the 2024 financial report received an audit report with a disclaimer of opinion, as per the Shanghai Stock Exchange Listing Rules [1][4]. - The company continues to face other risk warnings due to a negative opinion on internal controls for the 2024 financial year, following a similar situation for the 2023 financial year [1][4]. Group 2: Measures and Progress - As of August 15, 2025, the company has recovered all funds and interest totaling 1,566.96 million yuan that were occupied by Shanghai Pengsheng and its affiliates [1]. - On August 18, 2025, a special audit report confirmed that the company has rectified the fund occupation issue as required by the regulatory authority [1]. Group 3: Risk Warning Updates - The company has had its other risk warnings lifted as the situation regarding non-operating fund occupation has been resolved, but it will continue to face delisting risk warnings [2]. - The company plans to strengthen internal controls and improve governance to promote stable and sustainable development [2].

Core Viewpoint - The company is applying to revoke the other risk warning on its stock while continuing to be subject to delisting risk warning due to negative net assets and insufficient operating revenue [1][4]. Group 1: Company’s Current Situation - The company’s net profit is negative, and its operating revenue after deductions is below 300 million [1][4]. - The stock has been under other risk warnings since September 19, 2024, following an administrative penalty from the China Securities Regulatory Commission [2][3]. Group 2: Application for Revocation of Risk Warning - The company has rectified the issues related to the administrative penalty and has restated its financial reports accordingly [2][3]. - The company has completed the necessary conditions for applying for the revocation of the other risk warning, including the passage of twelve months since the administrative penalty [3]. Group 3: Future Risks and Considerations - If the company’s financial situation does not improve, it may face termination of its stock listing if it continues to meet the criteria for delisting [4][5]. - The company is under a pre-restructuring application due to its inability to repay debts, which adds uncertainty to its future operations [5].

ST东时8月22日公告，公司此前因被控股股东东方时尚投资及其关联人非经营性占用资金，余额达到最 近一期经审计净资产绝对值5%以上，且金额超过1000万元，未能在1个月内完成清偿或整改被叠加实施 其他风险警示。现上述其他风险警示情形已完全消除，公司已向上海证券交易所申请撤销对公司股票实 施的相应其他风险警示情形。目前，上述申请已经获得上海证券交易所审核批准。截至本公告披露日， 关于公司前期被实施其他风险警示的情形尚未全部消除。本次公司股票被撤销部分其他风险警示，但仍 存在其他被实施风险警示的情形。公司股票简称、股票交易的日涨跌幅限制不会发生变化。 ...

Core Viewpoint - The company is facing significant operational and financial challenges due to legal issues affecting its major subsidiary, which has halted production and may lead to substantial revenue declines [1][2][3] Market Trading Risks - The company's stock price has experienced significant volatility, with a cumulative price increase exceeding 12% over three consecutive trading days, triggering abnormal fluctuation standards [1] - The stock reached its daily limit up on multiple occasions, indicating potential short-term risks of price correction [1] Major Asset Restructuring Risks - The company is in the preliminary stages of planning a major asset sale, which could drastically reduce its main business scale, as the subsidiary's revenue accounted for 87.02% of the company's audited revenue for the previous year [2] - The asset sale is still under discussion and has not yet resulted in a formal agreement, leading to significant uncertainty regarding the transaction [2] Legal and Financial Risks - The subsidiary is involved in 12 legal cases with a total claim amount of approximately 95.15 million yuan, which poses a risk to the company's net assets [2][3] - The subsidiary's production lines are currently shut down due to court-ordered asset preservation measures, leading to a halt in normal operations and a significant drop in sales revenue [3] Inventory Loss Risks - The subsidiary reported an inventory loss of approximately 19 million yuan due to unauthorized sales by a board member, which may result in a loss of about 9.69 million yuan attributable to the parent company [3] - The ongoing investigation by law enforcement may further complicate the recovery of lost assets [3] Financial Performance Risks - The company anticipates a substantial decline in its half-year financial performance, projecting a net loss of between 130 million yuan and 100.3 million yuan [3] - The company has faced negative net profits for three consecutive years, raising concerns about its ability to continue as a going concern [4]

Group 1 - The company's stock price experienced significant fluctuations, with a cumulative increase of over 12% in three consecutive trading days from August 13 to August 15, 2025, triggering abnormal trading standards as per the Shanghai Stock Exchange regulations [1] - On August 18, 2025, the company's stock closed at the daily limit price again, indicating continued volatility in the stock price [1] Group 2 - The company plans to sell a 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., or its designated affiliates, which is still in the planning stage and subject to further discussions and necessary approvals [2] - The sale of Huiyin Wood, which accounted for 87.02% of the company's audited revenue in 2024, may lead to a significant decline in the company's main business scale and could trigger delisting risk warnings if revenue falls below 300 million yuan and net profit is negative [2] Group 3 - The company's subsidiary, Huiyin Wood, is involved in 12 legal cases with a total amount of approximately 95.15 million yuan, which represents 100.05% of the company's latest audited net assets attributable to shareholders [3] - The main production assets of Huiyin Wood have been subjected to property preservation measures by the courts, leading to the suspension of its two production lines for fiberboard and particleboard, with no estimated time for resumption of operations [3] Group 4 - Huiyin Wood reported a loss of approximately 19 million yuan in inventory due to mismanagement by a former controlling shareholder, which may result in a loss of about 9.69 million yuan attributable to the listed company [4] - The company has initiated legal proceedings against the former shareholder for the recovery of the lost inventory and funds [4] Group 5 - The company anticipates a significant decline in its half-year performance for 2025, projecting a net loss attributable to shareholders of between 130 million yuan and 105 million yuan, with a net loss excluding non-recurring gains and losses between 100.3 million yuan and 68.7 million yuan [5] Group 6 - The company has been under other risk warnings since April 30, 2025, due to negative net profits for three consecutive fiscal years, raising concerns about its ability to continue as a going concern [6]

Core Viewpoint - Jiangxi Mubang High-Tech Co., Ltd. (hereinafter referred to as "the company") announced that its controlling shareholder, Jiangxi Mubang New Energy Holdings Co., Ltd. (hereinafter referred to as "Mubang New Energy Holdings"), has had all of its shares frozen due to judicial actions, which may impact the company's financial stability and operations [2][3][6]. Group 1: Shareholder's Shareholding and Freezing Situation - Mubang New Energy Holdings holds 87,540,610 shares, accounting for 20.19% of the company's total share capital. As of the announcement date, 83,300,000 shares (95.16% of its holdings) are under judicial freeze, representing 19.21% of the company's total share capital [2]. - The frozen shares include 4,240,610 shares under multiple rounds of freezing, which accounts for 0.98% of the company's total share capital [2]. - The freezing is due to two court cases with debt amounts of 150,345,405.00 yuan and 169,197,323.84 yuan, respectively, involving a total of 86,000,000 shares [3]. Group 2: Stock Trading Anomalies - The company's A-share stock experienced a cumulative price deviation of over 12% across three consecutive trading days, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [6][8]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock price, aside from previously disclosed information [9][10]. Group 3: Financial and Legal Issues - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into potential false disclosures in its annual reports [6][13]. - As of June 30, 2025, the controlling shareholder had non-operating fund occupation balances of 46.0563 million yuan, which exceeds 5% of the company's latest audited net assets [7][14]. - The company has faced judicial deductions totaling 227.5921 million yuan from its fundraising accounts, which may affect the implementation of its fundraising projects [7][14].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. has experienced abnormal stock price fluctuations, with a cumulative deviation of over 12% in closing prices over three consecutive trading days, prompting regulatory scrutiny [2][5]. Group 1: Stock Trading Abnormalities - The company's stock price showed a cumulative deviation of over 12% on July 30, 31, and August 1, 2025, indicating abnormal trading activity [5]. - The company conducted a self-examination and confirmed that there were no undisclosed significant matters affecting the stock price, including major asset restructuring or significant transactions [8][10]. Group 2: Financial and Operational Status - The company reported that its production and operational activities are normal, with no significant changes in market conditions or internal operations [7]. - The company disclosed a negative net profit for the fiscal year 2024, leading to a risk warning for its stock on May 6, 2025, due to revenues falling below 300 million yuan after excluding non-core business income [2]. Group 3: Legal and Regulatory Issues - The company has faced legal challenges, with a total of 227.59 million yuan in judicial deductions from its fundraising accounts, impacting project implementations [3][11]. - The company received a corrective order from the China Securities Regulatory Commission (CSRC) regarding non-operating fund occupation by its controlling shareholder, amounting to 46.06 million yuan [3][12]. - The CSRC has initiated an investigation into the company for suspected false disclosures in its annual reports and other periodic reports [3][13].