Core Viewpoint - *ST Suwu (600200) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to significant penalties and potential delisting of its shares [1] Summary by Relevant Sections - **Investigation Details** - The company received a notice of administrative penalty on July 13, 2025, indicating that its annual reports from 2020 to 2023 contained false records, including inflated revenue, costs, and profits [1] - **Potential Consequences** - If the formal penalty decision confirms the findings, the company may face mandatory delisting due to serious violations of laws [1] - **Company's Response** - The company has stated it will fully cooperate with the investigation and actively exercise its legal rights [1]

Group 1 - The company, Fujian Zitian Media Technology Co., Ltd., is facing a risk of delisting due to financial reporting issues, specifically false records in its annual reports for 2022 and 2023 [1][3] - The company has been ordered by the Fujian Securities Regulatory Bureau to correct its financial reports and undergo a comprehensive audit by a qualified accounting firm within 30 days of receiving the decision [2][3] - As of now, the company has not hired a qualified accounting firm nor submitted a rectification report to the regulatory authority, leading to a risk warning on its stock since May 20, 2025 [2][3] Group 2 - The company's stock experienced abnormal trading fluctuations, with a cumulative price drop of 30% over two consecutive trading days on July 7 and July 8, 2025 [2] - The total amount of false revenue reported for the years 2022 and 2023 is approximately 2.5 billion yuan, which constitutes 63.53% of the total reported revenue for those years [3] - If the company fails to complete the required rectification by July 19, 2025, its stock will be terminated from listing [2][3]

Core Viewpoint - *ST Yuancheng is facing severe challenges due to allegations of false financial disclosures, which may lead to significant penalties and potential delisting from the stock exchange [1][3][6] Group 1: Regulatory Actions - On July 1, *ST Yuancheng received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into suspected false disclosures in its annual reports [1][3] - The company and its actual controller, Zhu Changren, are under investigation, and if found guilty, the company may face mandatory delisting due to serious violations [1][3][6] Group 2: Financial Performance - The company reported a significant loss of 325 million yuan in 2024, continuing a trend of losses since 2022 [8] - In the fourth quarter of 2024, the company initially reported revenue of 1.01 billion yuan, which was later corrected to represent 29.8% of the total annual revenue, indicating no substantial increase in revenue recognition [6][8] Group 3: Shareholder Actions - The actual controller's shares have been subject to judicial auctions four times this year, indicating financial distress [10][11] - The most recent auction involved 4.5 million shares sold for approximately 15.06 million yuan, translating to about 3.35 yuan per share [10][11] Group 4: Company Background - *ST Yuancheng, listed in March 2017, is an environmental service provider focusing on ecological landscape, green environmental protection, and leisure tourism [7][10] - The company has been adversely affected by macroeconomic conditions and a slowdown in municipal project investments, leading to declining performance [7][10]

Group 1 - The company faces a significant risk of being forcibly delisted due to major legal violations, as indicated by the investigation initiated by the China Securities Regulatory Commission (CSRC) on December 4, 2024 [1][2] - On June 13, 2025, the company received a notice from the CSRC, which stated that it may have committed major violations as per the Beijing Stock Exchange listing rules, potentially leading to forced delisting [2] - The company has not yet received a formal penalty decision regarding the investigation and is committed to cooperating fully with the CSRC while adhering to disclosure obligations [2] Group 2 - The company announced the possibility of being forcibly delisted for the first time on June 13, 2025, following the receipt of the CSRC notice [2] - If the company receives a formal penalty decision that triggers major violation circumstances, it must apply for a trading suspension and disclose relevant information promptly [2] - The Beijing Stock Exchange will make a decision on whether to terminate the company's stock listing in accordance with laws and regulations [2]

Core Viewpoint - The Shanghai Stock Exchange has announced the termination of the listing of Jinzhou Port Co., Ltd. due to significant violations related to false financial reporting and inflated profits over multiple years [1][2]. Group 1: Company Violations - Jinzhou Port Co., Ltd. was found to have inflated profits through false trade activities and premature recognition of port service fees from 2022 to 2024, leading to false records in its annual reports for 2022, 2023, and the first quarter of 2024 [1]. - The company also received an administrative penalty from the China Securities Regulatory Commission (CSRC) for false records in its annual reports from 2018 to 2021, indicating a pattern of misconduct over four consecutive years from 2020 to 2023 [1]. Group 2: Listing Termination Process - Following the violations, the Shanghai Stock Exchange decided to terminate the listing of Jinzhou Port Co., Ltd. based on specific provisions in the revised listing rules [1][2]. - The stock will enter a delisting preparation period of 15 trading days, with the first day having no price limits and subsequent days limited to a 10% fluctuation [2]. - The company is required to arrange for its shares to be transferred to the National Equities Exchange and Quotations system within 45 trading days after delisting [2].

星标 ★ IPO日报 精彩文章第一时间推送 6月20日晚间，锦州港股份有限公司(600190.SH，下称"*ST锦港")公告称，公司于2025年6月20 日收到上海证券交易所出具的自律监管决定书，决定终止公司股票上市。终止上市的证券种类包括 人民币普通股（A股）和境内上市外资股（B股），证券简称为*ST锦港、*ST锦港B，证券代码为 600190、900952。 AI制图 为了满足银行贷款需求，公司做大了收入和利润。2018年—2021年，公司分别虚增收入约21.2亿 元、39.47亿元、24.82亿元、0.75亿元，虚增利润0.21亿元、0.39亿元、0.44亿元、0.75亿元。 上述四年间，公司累计虚增收入约86.24亿元，累计虚增利润约1.79亿元。 整体来看，2018年—2024年，*ST锦港连续7年均在财务造假。 据IPO日报不完全统计发现，2025年以来，A股市场已有13家公司完成退市。其中，五家公司触及 面值退市、三家公司为触及市值退市、两家公司为主动申请退市、两家公司是触及重大违法强制退 市、一家公司则是被吸收合并而退市。 END 公司股票进入退市整理期的起始日为2025年6月30日，预计最后 ...

证券代码：600190/900952 证券简称：*ST 锦港/*ST 锦港 B 公告编号：2025-071 锦州港股份有限公司 关于收到上海证券交易所《关于对公司实施重大违法 强制退市相关事项的监管工作函》的公告 （〔2025〕 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 锦州港股份有限公司（以下简称"公司"）于 2025 年 5 月 29 日收到上海证 券交易所下发的《关于对公司实施重大违法强制退市相关事项的监管工作函》 $$(\bot\vdash\bot$$ 证公函【2025】0702 号），具体内容如下： "锦州港股份有限公司 定书》（〔2025〕3号），认定公司《2022年年度报告》《2023年年度报告》《2024 年第一季度报告》存在虚假记载。此外，2024年11月1日，公司公告收到中国证 监会《行政处罚决定书》(〔2024〕96 号)，认定公司2018年至2021年年度报告 虚假记载。根据《行政处罚决定书》(〔2024〕96 号)、 《行政处罚决定书》 特此公告。 锦州港股份有限公司董事会 及《上海证券交易所股 ...

Summary of Key Points Core Viewpoint - *ST Suwu (600200) is facing significant risks of forced delisting due to ongoing investigations by the China Securities Regulatory Commission (CSRC) and abnormal stock price fluctuations [1][3]. Trading Information - On May 16, *ST Suwu closed at 2.31 yuan, down 2.94%, with a turnover rate of 13.22%, trading volume of 939,500 shares, and a transaction value of 216 million yuan [1]. - The fund flow on the same day showed a net inflow of 17.62 million yuan from institutional investors, while retail investors experienced net outflows of 10.56 million yuan and 7.06 million yuan respectively [1][3]. Company Announcements - The company announced that its stock price had deviated by more than 12% over three consecutive trading days, leading to an investigation by the CSRC [1][3]. - There is a risk of forced delisting if the CSRC's findings indicate major violations of regulations [1]. - The auditing firm, Zhongxing Caiguanghua, issued an audit report for the fiscal year 2024 with a disclaimer of opinion due to non-operational fund occupation by related parties [1]. - The chairman of the company is under investigation for alleged violations of information disclosure regulations [1].

Core Viewpoint - Jinzhou Port Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, which may lead to significant illegal delisting of its stock due to false records in financial reports from 2020 to 2023 [1][2][3] Group 1: Investigation and Potential Delisting - The company received a notice from the CSRC regarding administrative penalties and market entry bans, indicating that its annual reports from 2020 to 2023 contain false records [1][2] - The CSRC's previous decision on November 1, 2024, confirmed that the company's annual reports from 2018 to 2021 also contained false records, leading to the current investigation [1][2] - If the company is found to have committed significant illegal acts, its stock may be terminated from listing on the Shanghai Stock Exchange [2][3] Group 2: Financial and Regulatory Risks - As of May 9, 2025, the company's stock price has been below RMB 1 for four consecutive trading days, which could trigger delisting if it continues for 20 trading days [3] - The company's audited net assets for 2024 were negative, and the financial report received a disclaimer of opinion, which may lead to financial delisting risks [3][4] - The company has been flagged for regulatory delisting risks due to significant non-operating fund occupation and failure to correct issues within the specified timeframe [5][6]

*ST锦港公告，公司因涉嫌信息披露违规，被中国证监会立案调查。2025年4月29日，公司收到中国证 监会辽宁监管局《行政处罚及市场禁入事先告知书》，查明公司2022年年度报告、2023年年度报告及 2024年第一季度报告存在虚假记载。根据《事先告知书》《决定书》所认定的事实，公司2020年至2023 年年度报告连续4年存在虚假记载，可能被实施重大违法强制退市。 ...