Group 1 - The company received a regulatory letter from the Shenzhen Stock Exchange regarding violations during its 2017 private placement of shares, specifically related to undisclosed agreements that guaranteed returns for investors [1] - The company was found to have violated multiple articles of the Stock Listing Rules, including Article 1.4, Article 2.1, and Article 2.6 [1] - The company reported that for the first half of 2025, its revenue composition was 54.91% from the small home appliance sector, 42.45% from the LED sector, and 2.65% from other businesses [1] Group 2 - The current market capitalization of ST Dehao is 4.1 billion yuan [2]

Core Viewpoint - Qianhong Pharmaceutical (002550.SZ) received a warning letter from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission regarding a violation of disclosure regulations related to shareholding changes by Wang Ke [1] Summary by Relevant Sections - **Incident Details** - On June 11, 2025, Wang Ke increased his stake in Changzhou Qianhong Biochemical Pharmaceutical Co., Ltd. by acquiring 9.6 million shares through block trading, amounting to 84.096 million yuan [1] - Following this transaction, the combined shareholding percentage of Wang Ke and his concerted action partner Wang Yaofang rose from 24.91% to 25.66% [1] - **Regulatory Findings** - Wang Ke failed to timely disclose the increase in shareholding when it reached the 25% threshold and only reported it on June 20, 2025, through a detailed equity change report and a notice regarding the change in concerted action rights [1] - This behavior was found to violate Article 13, Paragraphs 1 and 2 of the "Measures for the Administration of the Acquisition of Listed Companies" (CSRC Order No. 227) [1] - **Consequences** - The Jiangsu Regulatory Bureau decided to issue a warning letter as an administrative regulatory measure, which will be recorded in the securities and futures market integrity file [1] - Wang Ke is required to reflect on this incident, enhance his understanding of securities laws and regulations, and submit a written report to the bureau within 10 working days from the receipt of the decision [1]

Core Viewpoint - The company, Si Er Te, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, highlighting significant issues in corporate governance and internal control mechanisms [1][2]. Group 1: Investigation and Regulatory Actions - On September 1, Si Er Te announced it received a notice from the CSRC regarding an investigation for suspected violations of information disclosure laws [1]. - The CSRC's Anhui branch conducted on-site inspections from January to March 2023, uncovering discrepancies in the financial reporting of Si Er Te and its subsidiary, Guizhou Lufang [1]. - The company acknowledged that from 2021 to 2023, its labor engineering business and cost accounting practices were not in compliance with accounting standards, leading to inaccurate disclosures [1]. Group 2: Internal Issues and Management Response - The company identified that certain former management personnel were involved in fabricating costs and misappropriating funds, which may still affect financial statements [2]. - The case has been escalated for further investigation, and the company is cooperating with authorities, indicating positive progress [2]. - The independent director expressed concerns over the accuracy of future financial reports, emphasizing the need for improved governance and compliance in information disclosure [3]. Group 3: Implications for Corporate Governance - Legal experts highlighted that the Si Er Te incident reflects failures in corporate governance and internal controls, stressing the importance of integrating compliance into daily management practices [2]. - There are expectations that companies should bear responsibility for investor losses resulting from fabricated transactions affecting financial statements [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 近日，聆达集团股份有限公司（证券代码：300125，证券简称：*ST聆达（维权））及相关人员收到中 国证券监督管理委员会大连监管局出具的行政监管措施决定书，涉及多项违规问题。 聆达股份存在的问题主要包括：未及时披露全资子公司金寨嘉悦新能源科技有限公司停工停产情况； 2023年年报未对金寨嘉悦二期5.0GW高效电池片项目实施减值测试，且未充分披露可能损失的设备预付 款情况；2022年11月至2023年6月与关联方安徽晶飞科技有限公司开展购销电池片及光伏组件委托加工 业务，未及时对外公告。 基于上述违规行为，大连监管局对聆达股份采取责令改正的监管措施，并记入证券期货市场诚信档案。 对时任董事长王明圣、时任副董事长兼首席执行官林志煌采取出具警示函的监管措施，并记入证券期货 市场诚信档案。 聆达股份及相关责任人表示，收到决定书后高度重视所指出的问题，将认真吸取教训，全面梳理公司治 理、内部控制等方面的薄弱环节，严格按要求整改并提交书面报告。同时，公司将加强相关人员对证券 法律法规的学习，提高规范运作和信息披露水平。此次监管措施不会影响公司正常经营管理活动，公司 将继续 ...

Core Viewpoint - The Shanghai Stock Exchange publicly reprimanded Huayang Lianzhong Digital Technology Co., Ltd. and its former actual controller Su Tong for violations related to information disclosure and regulatory compliance [1][5][24]. Group 1: Violations Identified - Huayang Lianzhong failed to disclose non-operating fund occupation by its controlling shareholder Su Tong, amounting to 181.53 million yuan, which constituted a significant omission in its periodic reports [20][21]. - The company underreported bad debt provisions for accounts receivable, leading to inflated profit figures of 17.33 million yuan and 69.39 million yuan in the 2021 and 2022 annual reports, respectively [2][20]. Group 2: Regulatory Framework - The violations contravened several regulations, including Article 78 of the Securities Law and various provisions of the Shanghai Stock Exchange's listing rules [3][21][24]. - Specific guidelines regarding fund transactions and disclosures were not adhered to, as outlined in the relevant regulatory documents [8][9][10]. Group 3: Accountability and Disciplinary Actions - Su Tong and the former deputy general manager Guo Jianjun were identified as directly responsible for the violations, failing to ensure the accuracy and completeness of the company's reports [4][22]. - The disciplinary action included a public reprimand for both the company and the responsible individuals, with the potential for further regulatory scrutiny [5][24].

Group 1 - ST Huayang (603825) closed at 10.3 yuan on September 11, 2025, with a 4.99% increase and a turnover rate of 3.37% [1][3] - On September 11, 2025, the net inflow of main funds was 20.57 million yuan, accounting for 23.37% of the total transaction amount [1][3] - The company received an administrative penalty from the China Securities Regulatory Commission (CSRC) for failing to disclose the non-operating fund occupation by the actual controller, resulting in a fine of 5 million yuan [1][2][3] Group 2 - The company identified accounting errors from 2021 to 2022 and has made retrospective adjustments to its financial statements, including an increase in accounts receivable and a decrease in net profit for both years [2] - After adjustments, the net profit for 2021 was revised to 202.1 million yuan, while the net profit for 2022 was adjusted to -725.16 million yuan [2] - The company has completed the recovery of occupied funds and made corrections to accounting errors, ensuring normal business operations [1][2]

Core Viewpoint - *ST Tianmao has applied for voluntary delisting from the Shenzhen Stock Exchange, indicating significant operational and financial challenges faced by the company [2][5]. Group 1: Delisting Application - On September 11, 2025, *ST Tianmao announced that the Shenzhen Stock Exchange has accepted its application for voluntary delisting [2]. - The application for delisting was submitted on September 4, 2025, and the company received confirmation of acceptance from the exchange on September 10, 2025 [2]. Group 2: Financial Reporting Issues - On April 29, 2025, *ST Tianmao announced a delay in the release of its 2024 annual report and the 2025 Q1 report, citing the need for further information supplementation [3]. - This delay led to a significant market reaction, with the stock experiencing multiple trading halts due to investor concerns over the company's transparency [3]. Group 3: Financial Performance and Liquidity Risks - The company is facing substantial financial pressure, with a projected loss of between 500 million to 750 million yuan for the year 2024, primarily due to increased reserves at its subsidiary, Guohua Life [4]. - Guohua Life reported a high policy surrender amount of 20.6 billion yuan in 2023, with claims rising to 21.822 billion yuan in the first three quarters of 2024, exacerbating liquidity concerns for *ST Tianmao [4]. Group 4: Business Restructuring - On August 14, 2025, *ST Tianmao announced plans to initiate a voluntary delisting process due to significant uncertainties affecting its business structure [5]. - Following the delisting, the company intends to apply for transfer to the National Equities Exchange and Quotations (NEEQ) for trading in the delisted segment [5].

Core Viewpoint - Baiyin Nonferrous Metals Group Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a significant decline in its stock price and financial performance [1][3]. Group 1: Regulatory Investigation - The company received a notice from the CSRC regarding the initiation of an investigation due to suspected information disclosure violations [1]. - Baiyin Nonferrous has stated that it will cooperate with the CSRC's investigation and fulfill its information disclosure obligations [3]. Group 2: Financial Performance - The company's financial report for the first half of 2025 shows a transition from profit to loss, with a loss of 217 million yuan compared to a profit of 12.34 million yuan in the same period of 2024, representing a year-on-year decline of 1859.82% [3]. - The company's revenue for the first half of 2025 was 44.559 billion yuan, a decrease of 15.28% year-on-year, while total profit dropped by 38.67% to 433 million yuan [4]. - The company reported a non-recurring net profit loss of 1.117 million yuan, a decline of 180.19% year-on-year [4]. Group 3: Legal Issues and Impact - Baiyin Nonferrous is facing legal issues related to two significant cases involving employee misconduct, which have not been disclosed in timely manner in previous reports. These cases involve the misappropriation of copper products and theft of zinc ingots, with the total amount involved reaching 1.57 billion yuan [4]. - The company has made provisions for losses related to these cases, including 85.8792 million yuan for the copper case and 23.2364 million yuan for the zinc case, impacting its overall financial performance [4]. Group 4: Stock Market Reaction - Following the announcement of the investigation, Baiyin Nonferrous's stock price fell to 3.82 yuan per share, marking a decline of 9.91% and a total market capitalization of 28.286 billion yuan [3]. - Prior to this, the stock had experienced two consecutive days of trading at the upper limit [3].

证券之星消息，9月11日联盛化学公开信息显示，浙江联盛化学股份有限公司，董事长牟建宇、总经理 俞快、非独立董事周正英、戴素君因信息披露违规,未依法履行其他职责,提前使用募集资金被中国证券 监督管理委员会浙江监管局出具警示函。 详细违规行为如下： 我局在对浙江联盛化学股份有限公司(以下简称公司)现场检查中发现,公司闲置募集资金理财购买时间早 于审议授权期限,购买金额超过审议授权额度,2023年半年度、2023年年度、2024年半年度、2024年年度 募集资金存放与使用情况的专项报告中购买大额存单金额披露不准确。 处罚决定如下： 采取出具警示函的监督管理措施,并记入证券期货市场诚信档案 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Core Viewpoint - Baiyin Nonferrous (601212.SH) faced a significant stock price drop due to the announcement of an investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, leading to a trading halt at 3.82 CNY per share [1] Group 1: Company Investigation and Violations - The CSRC issued a "Notice of Investigation" to Baiyin Nonferrous, indicating that the company is under investigation for suspected violations of information disclosure regulations [1] - Baiyin Nonferrous has a history of internal fraud and violations, with recent audit opinions highlighting concerns in internal controls for the 2023 and 2024 annual reports [1] - The company is currently cooperating with the investigation and has committed to fulfilling its disclosure obligations [1] Group 2: Financial Impact and Losses - Baiyin Nonferrous reported a slight revenue decline of 0.21% year-on-year for 2024, totaling 86.787 billion CNY, while net profit dropped by 25.18% to 81 million CNY [3] - The company has made provisions for losses related to the copper and zinc cases, amounting to 85.8792 million CNY and 23.2364 million CNY, respectively [3] - In the first half of 2025, the company reported a net loss of 217 million CNY, a staggering decline of 1859.82% year-on-year, primarily due to a legal dispute involving a subsidiary [3] Group 3: Recent Incidents and Internal Issues - In November 2023, a significant discrepancy was found during a warehouse inventory check, leading to the discovery of 990 tons of zinc ingots being stolen by employees in collusion with a logistics company [2] - The company failed to disclose these incidents in a timely manner in its 2023 annual report, citing confidentiality due to ongoing criminal investigations [2] - Baiyin Nonferrous has strengthened its internal controls in response to these incidents and is awaiting the outcome of police investigations to recover lost funds [3] Group 4: Management Changes - In July 2023, Baiyin Nonferrous experienced a major management change with the resignation of its vice chairman, Qiao Liang, and the appointment of Wang Meng as the new vice chairman [3] - Wang Meng has a background in risk management and compliance, having held various senior positions within China CITIC Group [3]