Core Viewpoint - Zhejiang Dali Technology Co., Ltd. has announced that its stock will be subject to delisting risk warning due to financial data for the fiscal year 2024 falling below regulatory thresholds, specifically regarding net profit and revenue [2][6]. Stock Trading Abnormality - The company's stock, trading under the name *ST Dali (stock code: 002214), experienced an abnormal trading fluctuation, with a cumulative closing price increase of over 12% across three consecutive trading days (September 30, October 9, and October 10, 2025) [2][3]. Company Verification and Situation - The company's board confirmed that there were no undisclosed significant matters affecting stock prices and that the operational situation remains normal without major changes in the internal or external business environment [3][4]. - The board also stated that there were no significant undisclosed matters or ongoing negotiations that should have been disclosed according to the Shenzhen Stock Exchange's regulations [4]. Disclosure Compliance - The company has conducted a self-examination and confirmed compliance with fair disclosure regulations, ensuring that all information is disclosed through designated media [5].

Core Viewpoint - *ST Haihua's actual controller, Wang Feng, is planning a significant matter that may lead to a change in the company's control [1][4]. Group 1: Company Announcement - *ST Haihua announced that its stock will be suspended from trading starting October 13, 2025, for no more than two trading days [3][4]. - The company has received notification from Wang Feng regarding the planning of a share transfer agreement, which may result in a change of control [4]. Group 2: Shareholder Changes - The company has seen changes in its top shareholders, with four new shareholders reported in the 2025 semi-annual report [4]. - Qinghai Xinshi Real Estate Co., Ltd. became the second-largest shareholder after receiving a transfer of 18 million shares, representing 4.1% of the total share capital [4]. Group 3: Financial Performance - *ST Haihua has experienced continuous losses for four consecutive years, with a reported revenue of 113 million yuan in the first half of 2025, a decrease of 3.43% year-on-year [7][9]. - The net profit attributable to shareholders was a loss of 2.18 million yuan in the same period [9]. Group 4: Business Strategy - The company is actively seeking to transform and improve its financial situation by acquiring gas station equity and expanding into clean energy [7][10]. - A recent acquisition involved spending 43 million yuan to acquire 100% of Bazhou Luxin Dingsheng Gas Co., Ltd., despite its poor financial performance [10].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. faces delisting risk due to negative net profit for the fiscal year 2024 and insufficient operating revenue, leading to risk warnings on its stock [2][3][19]. Group 1: Delisting Risk Warning - The company reported a negative net profit for 2024, and its operating revenue, after excluding non-core business income, was below 300 million yuan, triggering a delisting risk warning effective May 6, 2025 [2][3]. - The company received a negative opinion in its 2024 internal control audit report, resulting in additional risk warnings on its stock from the same date [4][19]. - The company has unresolved issues regarding the occupation of funds by its controlling shareholder and related parties, leading to further risk warnings starting August 27, 2025 [4][19]. Group 2: Financial and Operational Measures - The company aims to control liquidity risks and enhance budget management, focusing on improving profitability and operational efficiency [5][6]. - Measures include optimizing asset management, disposing of inefficient assets, and ensuring sustainable business operations [5][6]. - The company is committed to rectifying internal control issues and ensuring compliance with regulations to prevent future occurrences [7][6]. Group 3: Ongoing Investigations and Legal Matters - The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false disclosures in financial reports [8][20]. - The actual controller of the company is also under investigation for failing to disclose non-operating fund transactions [8][20]. - The company has outstanding non-repaid funds occupied by its controlling shareholder and related parties, which remains unresolved as of the announcement date [20].

Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the A-share market [1] Shareholder Reductions - Long光华芯's shareholder Suzhou Yingluo plans to reduce its stake by no more than 1.48% [1] - Suhao Fashion intends to reduce its holdings by no more than 550,000 shares of Nanjing Julong A-shares [1] - China Unicom's structural adjustment fund aims to reduce its stake by no more than 1.20% [1] - Qiangrui Technology's controlling shareholder and its concerted parties plan to reduce their holdings by no more than 3% [1] - Bojun Technology's actual controller Wu Yalin intends to reduce his stake by no more than 2% [1] - *ST Qingyan's shareholder Lihe Venture Capital and its concerted parties plan to reduce their holdings by no more than 2.95% [1] - Wuzhou Xinchun's shareholder Wuzhou Holdings intends to reduce its stake by no more than 2.73% [1] - Donghang Logistics' shareholder Tianjin Ruiyuan plans to reduce its holdings by no more than 15,875,600 shares [1] - Banmi Technology's shareholder Zhong Chao intends to reduce his stake by no more than 840,000 shares [1] - Hengtong Co., Ltd. shareholder Liu Zhendong has completed a reduction of 3% of his holdings [1] - Xinquan Co., Ltd.'s actual controller Tang Zhihua has reduced his stake by 0.99% [1] Other Notable Events - Boche Co., Ltd. has terminated its acquisition of a 55% stake in Canxi, with resumption of trading set for October 13 [1] - *ST Yuancheng is facing a cumulative delisting risk warning [1]

Core Viewpoint - *ST Xingnong has faced significant financial and regulatory challenges, including a recent investigation by the China Securities Regulatory Commission (CSRC) for alleged information disclosure violations, leading to a sharp decline in stock price and market capitalization [2][3]. Financial Performance - The company reported a reduction in 2023 revenue from 308 million yuan to 248 million yuan, a decrease of 60.73 million yuan [3] - The net loss attributable to shareholders increased from 55.79 million yuan to 61.08 million yuan, an increase of 5.29 million yuan [3] - *ST Xingnong has recorded losses for five consecutive years, with a net loss of 40.93 million yuan in the first half of this year [3] Regulatory Issues - The CSRC issued a notice of investigation due to suspected violations of information disclosure laws, which was announced shortly after the company disclosed accounting errors [2] - The company has been under a delisting risk warning since May 6, due to its audited net profit being negative and revenue falling below 300 million yuan [3] Business Strategy - *ST Xingnong plans to acquire 100% equity of Zhongcheng Automobile (Shandong) Co., Ltd. for 29.41 million yuan, with the aim of supporting its business operations [4] - The company has stated that it does not plan to abandon its agricultural machinery business despite ongoing losses, emphasizing a dual-main business strategy to revitalize the agricultural machinery sector [5] Operational Status - The company claims that all business activities are operating normally and it will cooperate with the CSRC during the investigation [5]

ST名家汇公告，公司于近日收到广东省高级人民法院送达的《民事裁定书》，裁定受理中山市古月灯 饰制造有限公司对公司的重整申请。公司股票将于2025年9月30日开市起停牌一天，自2025年10月9日开 市起复牌，并将被实施退市风险警示，股票简称变更为"*ST名家"。 ...

Core Viewpoint - Jiangxi Mubang High-Tech Co., Ltd. has experienced abnormal stock trading fluctuations, with a cumulative closing price deviation of over 12% in three consecutive trading days, prompting regulatory scrutiny [2][5]. Group 1: Stock Trading Abnormalities - The company's A-share stock has seen a cumulative closing price deviation of 12% over three consecutive trading days, qualifying as an abnormal trading situation according to Shanghai Stock Exchange rules [2][5]. - The company has confirmed that there are no undisclosed significant information affecting stock trading, following inquiries with its controlling shareholder and actual controller [2][6]. Group 2: Financial Performance and Risks - The company reported a negative net profit for the year 2024, with operating income below 300 million yuan after excluding non-core business revenues, leading to a delisting risk warning effective May 6, 2025 [2][3]. - The company received a negative opinion in its 2024 internal control audit report from Dahua Certified Public Accountants, resulting in additional risk warnings starting from May 6, 2025 [2][3]. Group 3: Regulatory Actions - On July 25, 2025, the company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false disclosures in financial reports [3][11]. - The company has not yet received a conclusive opinion or decision from the CSRC regarding the investigation as of the announcement date [3][11]. Group 4: Operational Status - The company has stated that its production and operational activities are normal, with no significant changes in market conditions or internal operations [6][7]. - There are no major events or transactions that could impact stock trading, and no significant media reports or market rumors have been identified [8][9].

Core Viewpoint - Xinhua Jin will be subject to other risk warnings due to the non-operational occupation of funds by related parties, which has not been resolved within one month [1][6][10] Group 1: Stock Suspension and Risk Warning - Xinhua Jin's stock will be suspended for one day on September 29 and will be traded under the risk warning board starting September 30, with a daily price fluctuation limit of 5% [1][7] - As of September 26, Xinhua Jin's stock price was 5.60 yuan per share, with a market capitalization of 2.401 billion yuan [1] Group 2: Non-Operational Fund Occupation - As of the latest report, the balance of non-operational funds occupied by Xinhua Jin Group and its related parties amounts to 406 million yuan [4][6] - The Xinhua Jin Group, through its wholly-owned subsidiary, holds an indirect stake of 43.27% in Xinhua Jin [4] Group 3: Regulatory Actions and Deadlines - The Qingdao Securities Regulatory Bureau issued a corrective action decision on August 26, requiring the return of occupied funds within six months from the date of the decision [4][10] - If the occupied funds are not returned within the stipulated time, Xinhua Jin's stock may face suspension and potential delisting [10] Group 4: Asset Disposal and Fund Recovery - Xinhua Jin is urging Xinhua Jin Group to expedite the transfer of equity in Shandong Jimo Yellow Wine Factory to Qingdao Beer for 665 million yuan, which could cover the occupied funds [8] - The transaction has not yet been completed, and there are only five months left to resolve the non-operational fund occupation issue [9]

Core Viewpoint - *ST Taihe (605081.SH) announced a share reduction plan by its major shareholder, Shanghai Huachong Equity Investment Fund, due to operational management needs, intending to reduce up to 3,397,411 shares, representing 3% of the total share capital [1][2] Group 1: Share Reduction Details - The shareholder plans to reduce up to 1,132,470 shares through centralized bidding, accounting for no more than 1% of the total share capital, and up to 2,264,941 shares through block trading, accounting for no more than 2% [1][2] - The reduction period is set to begin 15 trading days after the announcement and will last for three months [1][2] - The shares to be reduced originate from shares acquired before the initial public offering and shares obtained through capital reserve conversion [2] Group 2: Shareholder Information - As of the announcement date, Huachong Fund holds 7,250,000 unrestricted circulating shares, which is 6.4019% of Taihe's total share capital [2][3] - The maximum amount from the planned reduction, based on the closing price of 12.33 yuan on September 24, is approximately 41.89 million yuan [2] Group 3: Company Background - Taihe Water was listed on the Shanghai Stock Exchange on February 9, 2021, with an initial issuance of 19.53 million shares at a price of 43.30 yuan per share [3] - The stock reached a peak price of 62.35 yuan on its first trading day but is currently in a state of decline [3] - The company has faced financial difficulties, with negative net profits reported for the 2024 fiscal year, leading to a risk warning for delisting starting April 29, 2025 [3]

Core Viewpoint - *ST Jinkang (300093.SZ) has been accepted for reorganization by the Jiuquan Intermediate People's Court, indicating significant financial distress and potential bankruptcy risks for the company [1] Group 1: Legal Proceedings - On September 19, 2025, the company received a civil ruling from the Jiuquan Intermediate People's Court, which accepted the reorganization application [1] - Beijing Dacheng Law Firm has been appointed as the administrator for the company's reorganization process [1] Group 2: Stock Market Impact - Due to violations of the Shenzhen Stock Exchange's listing rules, the company's stock will be subject to "delisting risk warning" and "other risk warnings" starting April 30, 2025, with the stock name changing to "*ST Jinkang" [1] - The stock will face an additional delisting risk warning from September 22, 2025, without a trading suspension, maintaining a trading limit of 20% [1] Group 3: Financial Risks - The company faces the risk of being declared bankrupt if the reorganization fails, which would lead to bankruptcy liquidation and potential termination of its stock listing [1]