Core Viewpoint - *ST Zhengping's stock has experienced a significant increase of 101.86% from September 1 to September 30, 2025, leading to a suspension for investigation due to abnormal trading behavior and a serious deviation from its fundamentals [1][2]. Group 1: Stock Performance and Trading Suspension - The stock of *ST Zhengping has seen a cumulative increase of 101.86% over the month of September 2025, with 15 days of trading halts and 4 instances of abnormal fluctuations [1]. - The company’s stock price has diverged significantly from the Shanghai Composite Index and the construction industry during the same period [1]. - The stock will be suspended from trading starting October 9, 2025, for a maximum of 5 trading days to investigate the trading situation [1]. Group 2: Financial Performance - In 2024, *ST Zhengping reported an operating revenue of 1.362 billion yuan and a net profit attributable to shareholders of -484 million yuan [1]. - For the first half of 2025, the company achieved an operating revenue of 344 million yuan with a net profit attributable to shareholders of -88 million yuan [1]. Group 3: Listing Risks - *ST Zhengping faces the risk of delisting due to an audit report for 2024 that was unable to express an opinion, leading to a risk warning on its stock [2]. - The company has received negative opinions on its internal controls and has significant uncertainties regarding its ability to continue as a going concern [2]. - If the issues highlighted in the non-standard audit opinions are not resolved in 2025, the stock may be delisted [2]. Group 4: Mining Operations and Resource Development - The company’s subsidiary, Geermu Shengguang Mining Development Co., has obtained a mining license but lacks sufficient mining capacity and requires significant investment for future operations [2]. - There are major uncertainties regarding the progress and profitability of mineral resource development due to constraints in funding, market conditions, and operational capabilities [2]. Group 5: Non-operational Fund Occupation - In 2024, *ST Zhengping's subsidiary Guizhou Water Conservancy Industrial Co. faced non-operational fund occupation issues, with 13.2092 million yuan occupied by a minority shareholder [3]. - As of July 2025, 9 million yuan of the occupied funds were returned, leaving a balance of 4.2092 million yuan still occupied [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 突发。 *ST沐邦（维权）（603398）9月29日晚间公告，公司实际控制人廖志远于2025年9月29日收到中国证监会《立案告知书》，因廖 志远涉嫌未按规定披露非经营性资金往来，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证 监会决定对廖志远立案。 同日（9月29日），*ST沐邦还发布了关于股票交易的风险提示公告。公告称，公司股票自2025年9月24日至9月29日，连续四个交 易日涨停，累计涨幅21.71%。公司生产经营未发生重大变化，股价短期内上涨过快，脱离基本面，可能存在下跌风险。敬请广大 投资者注意二级市场交易风险，理性决策，审慎投资。 值得一提的是，*ST沐邦存在终止上市的风险。根据公告，因公司2024年度净利润为负，且扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入低于3亿元，公司股票于2025年5月6日被上交所实施退市风险警示。同时，公司2024年度内部 控制被出具否定意见的审计报告，涉及收入确认、募集资金管理、关联交易等方面的重大缺陷。 公司2025年1—6月营业收入为1.41亿元、净利润为亏损2.13 ...

Mergers and Acquisitions - Huatian Technology is planning to acquire Huy Microelectronics, a subsidiary of its controlling shareholder, through a share issuance and cash payment, which is expected to constitute a related party transaction but not a major asset restructuring. The company's stock will be suspended from trading starting September 25 [1] - Dalong Real Estate's subsidiary intends to acquire 60% equity of Beijing Chengzhu Real Estate Development Co., Ltd. from Beijing Shunyi New Town Development Co., Ltd. to enhance project reserves and operational capabilities [2] - Yong'an Pharmaceutical plans to acquire 49.2% equity of its subsidiary Hubei Ling'an Technology Co., Ltd. from minority shareholders for 27 million yuan, aiming for full ownership [3] - Rongxin Culture's wholly-owned subsidiary intends to acquire 51% equity of Wuhan Youxue Baobei Book Co., Ltd. for 16.32 million yuan, which will be consolidated into the company's financial statements post-transaction [4] Shareholding Changes - Huyou Pharmaceutical's shareholder Wang Xiaopeng plans to reduce his stake by up to 3%, equivalent to a maximum of 12.708 million shares [5] - Beimo High-tech's shareholder Chen Jianfeng intends to reduce his stake by up to 2.49%, which amounts to a maximum of 8.2666 million shares [6] - Donghua Energy's controlling shareholder, Mansen Energy (Zhangjiagang), has increased its stake by 0.34%, acquiring 5.3093 million shares for approximately 45.6488 million yuan [7] Risk Matters - Zhangjiang Hi-Tech has announced a potential irrational speculation risk as its stock price has deviated significantly from industry peers and the Shanghai Composite Index, with a cumulative price increase of 20% over three consecutive trading days [8] - *ST Gaohong faces a risk of delisting as its stock price has been below 1 yuan for 18 consecutive trading days, with a potential delisting if the market capitalization remains below 500 million yuan for 20 consecutive trading days [9] - *ST Yatai's controlling shareholder's voting rights have decreased due to a forced sale of shares by a court, although this will not lead to a change in control or governance structure at this time [10]

Mergers and Acquisitions - Huatian Technology is planning to acquire Huayi Microelectronics, a subsidiary of its controlling shareholder, through a combination of issuing shares and cash payment, which is expected to constitute a related party transaction but not a major asset restructuring. The company's stock will be suspended from trading starting September 25 [1] - Dalong Real Estate's subsidiary intends to acquire 60% equity of Beijing Chengzhu Real Estate Development Co., Ltd. from Beijing Shunyi New Town Development Co., Ltd. to enhance project reserves and operational capabilities [2] - Yong'an Pharmaceutical plans to purchase 49.2% equity of its subsidiary Hubei Ling'an Technology Co., Ltd. from minority shareholders for 27 million yuan, aiming for full ownership [3] - Rongxin Culture's wholly-owned subsidiary intends to acquire 51% equity of Wuhan Youxue Baobei Book Co., Ltd. for 16.32 million yuan, which will be consolidated into the company's financial statements post-transaction [4] Shareholding Changes - Huiyu Pharmaceutical's shareholder Wang Xiaopeng plans to reduce his stake by up to 3%, equating to a maximum of 12.708 million shares [5] - Beimo High-tech's shareholder Chen Jianfeng intends to reduce his stake by up to 2.49%, which amounts to a maximum of 8.2666 million shares [6] - Donghua Energy's controlling shareholder, Ma Sen Energy (Zhangjiagang), has increased its stake by 0.34%, acquiring 5.3093 million shares for approximately 45.6488 million yuan [7] Risk Matters - Zhangjiang Hi-Tech has announced a potential irrational speculation risk due to its stock price increasing significantly over three consecutive trading days, with a cumulative rise of 20% [8] - *ST Gaohong faces a risk of delisting as its stock price has been below 1 yuan for 18 consecutive trading days, with a potential delisting if the market capitalization remains below 500 million yuan for 20 consecutive trading days [9][10] - *ST Yatai's controlling shareholder's voting rights have decreased to 16.89% due to forced sale of shares, which may lower the control ratio of the actual controllers but will not lead to changes in company control or governance structure [11]

Core Viewpoint - Shanghai Huili Building Materials Co., Ltd. has experienced a significant stock price fluctuation, with a cumulative decline exceeding 20% over three consecutive trading days, prompting the company to announce a share repurchase plan to stabilize its stock value and protect shareholder interests [2][3]. Group 1: Stock Price Fluctuation - The company's stock price fell by more than 20% cumulatively on May 16, 19, and 20, 2025, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [2][3]. - The company confirmed that its current operational status is normal, with its main business focused on leasing its own factory buildings, and both revenue and net profit have remained stable [2][3]. Group 2: Share Repurchase Plan - To maintain company value and protect shareholder rights, the company plans to use between RMB 3 million and RMB 6 million of its own funds to repurchase shares at a maximum price of USD 0.510 per share within three months from May 20, 2025 [2][3]. - The company has sufficient domestic currency funds and has retained some USD in its foreign currency accounts to facilitate the share repurchase [3]. Group 3: Disclosure and Compliance - The company has conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock's trading fluctuations, including major asset restructuring or other significant corporate actions [3][5]. - The board of directors has stated that there are no undisclosed matters that should be reported according to the stock listing rules, ensuring compliance with regulatory requirements [5].

对于定期报告延后的原因，两家公司均表示，主要是由于年报审计和编制工作整体进度低于预期，目前 相关工作尚未全部完成。 需要关注的是，两家公司在同日还透露了其他风险，*ST恒立可能存在2024年亏损且营收低于3亿元被 终止上市的风险；澳柯玛则对此前发布的业绩预告进行更正，净利润由预盈变更为预亏，亏损额预计为 4500万元至5000万元。 *ST恒立可能被终止上市 虽然*ST恒立2024年年报尚未出炉，但此前公司已披露业绩预告，经营情况不容乐观，且公司已多次提 示或被终止上市风险。 审计及编制工作尚未完成，多家上市公司2024年年报及2025年一季报遭延期。 伴随着年报进入密集披露期，部分上市公司却患上了"拖延症"，将原定的披露日期延后。 4月23日晚间，*ST恒立（000622）、澳柯玛（600336）双双宣布延期披露2024年年度报告及2025年第 一季度报告，其中*ST恒立决定将披露日期由原定的2025年4月28日延期至2025年4月30日；澳柯玛披露 日期由2025年4月26日延后至2025年4月30日。 除财务风险外，*ST恒立还涉及多起诉讼，目前主要银行账户已有部分资金被冻结。 今年3月，*ST恒立发布 ...