公开资料显示，*ST星农成立于2004年，注册地址为浙江省湖州市和孚镇星光大街，公司第一大股东为 星光农科控股集团有限公司。公司主要从事农业机械的研发、制造、销售与服务。 （来源：唐僧财经） 9月30日，星光农机股份有限公司公告称，近日，公司收到证监会下发的《立案告知书》，因公司涉嫌 信息披露违法违规，证监会决定对公司立案。 9月27日，*ST星农（维权）公告称公司更正了前期会计差错，其中涉及2023年度、2024年度、2025年 一季度、半年度财报中的合并资产负债表的相关科目，2023年度、2024年度财报中的合并利润表和现金 流量表中的相关科目。 对于前期会计差错原因，*ST星农解释称，2023年公司创新开拓农事服务，因业务运营经验及过程管控 机制存在不足，导致在实际运营过程中出现了一定偏差。经公司自查，2023年度农事服务业务所涉及的 公司客户存在资金回流的情形，未实际进行采收业务，不具备商业实质，不满足收入确定的条件。 值得关注的是，经济导报记者梳理更正数据后发现，*ST星农此次调整的财务指标金额规模较大。其 中，2023年度公司营业收入被调减6072.74万元，该调减金额占当年原披露营业收入的比例高 ...

纪律处分决定书显示，陆浦财富于2014年10月登记为其他私募投资基金管理人，为相关私募基金的管理人。相关私募基金受让由陆浦财富管理的其他基金所 持有的相关信托计划4.01亿元劣后级信托份额对应的收益权。相关信托计划用于向某房地产项目发放信托贷款。 陆浦财富未按照基金合同约定向相关私募基金投资者提供以下可能影响投资者合法权益的重大信息：所投资信托计划收益权系劣后级信托份额对应的收益 权、信托计划发放贷款曾出现违约情况、信托贷款违约后相关诉讼及后续执行情况、某房地产项目重整进展情况等，涉及相关私募基金产品2020年第二至四 季度报告和年度报告、2021年至2023年各季度报告和年度报告及2024年第一季度报告。 9月26日晚间，中基协发布了针对陆浦财富管理（上海）有限公司（以下简称"陆浦财富"）的纪律处分决定书。 天眼查信息显示，陆浦财富目前由上海陆浦投资管理集团有限公司全资控股。但值得注意的是，陆浦财富参保人数仅显示2人。 中基协认为陆浦财富违反了相关规定，决定暂停受理陆浦财富私募基金产品备案六个月。 陆浦财富在2024年11月已受到上海证监局的处罚。根据行政处罚决定书，针对上述违法行为，上海证监局对陆浦财富责 ...

中证报中证网讯(记者万宇)开普云9月23日晚发布关于筹划重大资产重组事项的进展公告称，公司及有 关各方正在积极推进本次交易相关工作。发布重大资产购买预案以来，开普云股价大幅上涨，积累了较 大的获利调整风险，存在估值明显偏高风险。而公司2024年归母净利润同比下降近50%，扣非归母净利 润同比下降73.75%，今年上半年归母净利润为377.73万元，扣非净利润为-122.08万元。 公司存在估值明显偏高风险 8月25日晚，开普云发布公告，拟通过支付现金的方式购买深圳金泰克持有的南宁泰克70%股权、以发 行股份的方式购买深圳金泰克持有的南宁泰克30%股权并募集配套资金，交易对方深圳金泰克拟将其存 储产品业务的经营性资产转移至南宁泰克。 开普云9月23日晚发布关于筹划重大资产重组事项的进展公告，截至公告披露日，此次交易所涉及的审 计、评估等工作尚未完成，公司及有关各方正在积极推进本次交易相关工作。 开普云还因信披违规遭监管警示。2023年2月28日，开普云披露业绩快报，预计公司2022年度实现归母 净利润为6686.59万元，同比增长9.88%。2023年4月22日，公司披露2022年年度报告及业绩快报更正公 告， ...

2025年9月23日消息，长春中院对*ST万方大股东万方源所持90,860,000股公司股票（占总股本29.18%） 进行的第二次司法拍卖流拍。此前首次拍卖也已流拍，且第一次拍卖曾因处置权问题撤回。截至公告 日，万方源所持股份累计100%被质押、冻结，135.41%被轮候冻结。若万方源失去大股东身份，其与惠 德实业的表决权委托协议将失效，公司存在控股股东、实际控制人变更或无实控人的风险。此外，公司 因涉嫌信披违规被立案。公司表示将密切关注进展并及时披露，提醒投资者注意风险。 ...

Core Viewpoint - The article discusses the unusual circumstances surrounding the delisting of Longyu Co., Ltd. due to significant non-operating fund occupation by its major shareholder, amounting to 868 million yuan, and the subsequent repayment of 337 million yuan shortly after delisting, raising questions about the underlying capital maneuvers [1][3][13]. Group 1: Delisting and Financial Background - Longyu Co., Ltd. was delisted on July 3, 2025, primarily due to the major shareholder's 868 million yuan non-operating fund occupation and consecutive "unable to express opinion" audit reports for 2023 and 2024 [3][13]. - The company reported a net asset of 3.693 billion yuan and cash reserves of 1.1 billion yuan at the end of 2023, indicating a strong financial position prior to delisting [3][4]. - Despite external offers for high-priced acquisitions to help maintain its listing status, the major shareholder rejected these proposals [4]. Group 2: Post-Delisting Actions - Within 20 days post-delisting, Longyu's major shareholder and related companies repaid 337 million yuan, suggesting some repayment capability despite previous refusals to settle before delisting [5][13]. - The repayment raised suspicions as it contradicted typical market behavior where companies strive to protect their listing status [5]. Group 3: Acquisition and Corporate Governance - During the "information disclosure gap" between delisting and re-listing on the National Equities Exchange and Quotations, Longyu acquired 100% of Shanghai Yunman Yisuan Information Technology Co., Ltd. without public disclosure [6][8]. - The acquisition was linked to the repayment of the 337 million yuan, with allegations that funds were cycled through related parties, potentially harming minority shareholders [8][10]. - The new executive appointed during this period had significant ties to the acquired company, raising further questions about governance and transparency [7][8]. Group 4: Regulatory and Legal Implications - Regulatory scrutiny intensified following the discovery of significant undisclosed related-party transactions, leading to administrative penalties and investigations into financial misconduct [13][14]. - The remaining 500 million yuan in fund occupation remains a concern for minority shareholders, with potential plans to use company funds for further acquisitions to settle these debts [13][14]. - Legal actions have been initiated by affected investors, resulting in favorable judgments against Longyu for losses incurred due to misleading statements [14].

Group 1: Jin Ke Real Estate - Jin Ke Real Estate Group announced that its restructuring plan has been approved by the court and has entered the execution phase, with a total of 2.628 billion yuan in restructuring investment funds received [1] - The company reported a significant loss of 31.97 billion yuan in 2024, compared to a loss of 8.732 billion yuan in 2023, representing a year-on-year decline of 266.11% [1] - Jin Ke Real Estate has 98 records of being executed in the past year, with a total amount of 1.256388 billion yuan involved [1] Group 2: Taihe Group - Taihe Group was fined 6 million yuan by the China Securities Regulatory Commission for failing to disclose major lawsuits and significant omissions in its annual report [2] - The company reported an undistributed profit of -32.888 billion yuan as of December 31, 2024, with unmade losses exceeding one-third of the total paid-in capital of 2.4889 billion yuan [2] - The major reasons for the losses include large investment losses due to asset auctions, increased financing costs, and provisions for asset impairment and expected liabilities [2] Group 3: New Light Holdings - New Light Holdings announced that it has completed cash distribution according to the court-approved restructuring plan, involving amounts of 1 billion yuan, 1 billion yuan, and 710 million yuan for its bonds [3] - The restructuring plan for New Light Holdings and 35 other companies has entered the execution phase, with a trust plan established on November 18, 2024 [3] - The company previously applied for bankruptcy in April 2019 [3] Group 4: Times Holdings Group - Times Holdings Group announced that it has failed to repay due debts of 8.687 billion yuan, leading to its inclusion on the list of dishonest executors [4] - The company reported a significant loss of 13.655 billion yuan in 2024, compared to a loss of 3.565 billion yuan in 2023, representing a year-on-year decline of 283.01% [4] - The company is facing a major lawsuit involving the freezing of assets valued at 651.85 million yuan [4] Group 5: ST Dongshi - ST Dongshi announced that its subsidiary's bank account has been frozen with an amount of 292.5 million yuan due to historical legal disputes [5] - The company expects a net loss of between 126 million yuan and 105 million yuan for the first half of 2025, primarily due to declining revenue and high fixed costs [6] - The company reported a continuous loss of 900.3 million yuan in 2024, compared to a loss of 362 million yuan in 2023 [6] Group 6: R&F Properties - R&F Properties expects a net loss of approximately 4.08 billion yuan for the first half of 2025, compared to a net loss of 2.33 billion yuan in the same period last year [6] - The company reported a continuous loss of 15.405 billion yuan in 2024, compared to a loss of 19.95 billion yuan in 2023 [7]

Group 1 - The chairman of Taihe Group, Huang Qisen, has been detained in Liaoning, marking a significant development in the company's ongoing debt crisis [2] - Huang Qisen's peak wealth was in 2020, with a net worth of 20 billion yuan, ranking 99th on the global real estate billionaire list, while Taihe Group aimed for a sales target of 200 billion yuan [4] - The company's public bond default in July 2020 marked the beginning of Huang Qisen's debt crisis, which escalated with further investigations and legal issues [4][6] Group 2 - Taihe Group's total assets were reported at 164.7 billion yuan, with total liabilities at 187.1 billion yuan by the end of 2024, indicating insolvency [6] - The company faced severe financial repercussions, including a delisting from the A-share market due to its stock price falling below 1 yuan for 20 consecutive trading days [6][8] - Taihe Group has been involved in 23 major lawsuits during the 2020-2022 reporting period, with the total amount in dispute exceeding 15.8 billion yuan, leading to significant penalties for the company and its executives [8][10] Group 3 - Huang Qisen and other executives were fined a total of 17.4 million yuan for serious violations in annual reports, with Taihe Group itself fined 6 million yuan [10] - There are allegations of corruption and misconduct against Huang Qisen, including potential involvement in the case of former vice president Huang Xi, who is under investigation [12]

Core Viewpoint - China Evergrande's listing status on the Hong Kong Stock Exchange will be canceled effective August 25, 2025, due to prolonged suspension and financial insolvency [1][3]. Group 1: Financial Status and Legal Proceedings - China Evergrande has been suspended from trading since January 29, 2024, and has faced a court-ordered liquidation due to severe insolvency and inability to repay debts [2][6]. - The company has been found to have inflated revenues by over 560 billion yuan and profits by over 90 billion yuan through fraudulent accounting practices between 2019 and 2020 [7]. - As of the latest report, the total debt claimed against China Evergrande amounts to approximately 350 billion HKD (about 45 billion USD), while its last reported liabilities were around 275 billion USD [13][14]. Group 2: Asset Management and Recovery Efforts - The liquidators have identified total assets under their control valued at approximately 27 billion HKD, with liquid cash around 2 billion HKD [12]. - Legal actions are ongoing against former executives for their roles in the financial mismanagement, with claims for approximately 6 billion USD in dividends and compensation [11]. - The liquidation process aims to protect creditor interests and may allow for more flexible asset management post-delisting, although it may reduce transparency and bargaining power for creditors [16].

Core Viewpoint - Zhongtai Chemical has reported continuous losses for three consecutive years, with significant declines in both revenue and net profit, primarily due to a challenging market environment in the chlor-alkali industry and its textile business [1][2]. Financial Performance - In the first half of 2025, Zhongtai Chemical achieved operating revenue of 13.955 billion yuan, a year-on-year decrease of 8.32% [1]. - The net profit attributable to shareholders was a loss of 194 million yuan, an improvement from a loss of 243 million yuan in the same period last year [2]. - For the full year of 2023, the company reported an operating revenue of 37.118 billion yuan, down 28.15%, and a net loss of 2.865 billion yuan [2]. - In 2024, operating revenue further declined to 30.123 billion yuan, a decrease of 18.84%, with a net loss of 977 million yuan [2]. Industry Context - The chlor-alkali industry is experiencing low overall market conditions, with significant price declines in PVC products impacting Zhongtai Chemical's performance [3][4]. - The price of liquid caustic soda fell dramatically from 3,000 yuan per ton in Q4 2024 to 852 yuan per ton by August 2025, leading to reduced profit margins for companies in the sector [3]. - The PVC powder market has shown a downward trend, with the average price for SG-5 (PVC powder) at 4,939 yuan per ton in the first half of 2025, down 11.23% year-on-year [3]. Regulatory Issues - Zhongtai Chemical faced penalties for information disclosure violations, including financial fraud, leading to a fine of 5 million yuan and a warning from regulatory authorities [6][7]. - The company was found to have engaged in non-operating fund occupation transactions totaling 7.718 billion yuan between 2021 and 2022, significantly impacting its financial reporting [6].

Core Viewpoint - The Shanghai Financial Court and the Shanghai Securities Regulatory Bureau have released ten typical cases of securities false statements, providing clear regulatory guidance for market participants regarding disclosure violations and responsibilities [1][2]. Group 1: Securities False Statements Cases - The cases include notable companies such as *ST Jintai, Zhong An Ke, Shanghai Electric, and Feikai Materials, as well as delisted companies like Delisted Fuxin and *ST Ba'an [1][2]. - The five judicial cases focus on issues like "deceptive" share buybacks, the identification of predictive information, and the application of "safe harbor" rules [2][3]. - In the *ST Jintai case, executives were found liable for failing to fulfill share buyback commitments, resulting in a compensation of approximately 780,000 yuan to investors [2][3]. Group 2: Regulatory Enforcement Cases - The regulatory cases highlight frequent violations such as "shell protection" financial fraud, performance-related financial manipulation, and misuse of control rights by actual controllers [3][4]. - Specific cases include *ST Jintai's executives violating buyback commitments, financial fraud by subsidiaries of Shanghai Shihua, and illegal share reductions by Feikai Materials' controlling shareholders [4][6]. - The Shanghai Securities Regulatory Bureau emphasizes strict enforcement and increased penalties for key individuals involved in financial fraud [6][7]. Group 3: Legal and Regulatory Framework - The report indicates that as of December 2024, the Shanghai Financial Court has accepted 18,040 securities false statement liability disputes, with a total amount in dispute of 7.646 billion yuan [7]. - The complexity of civil compensation cases in the securities market is highlighted, with challenges in evidence collection and fact determination due to ongoing administrative or criminal investigations [7]. - The report calls for improved integration of civil, administrative, and criminal accountability mechanisms in handling false statement cases [7].