Group 1 - The company Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. has been placed under other risk warnings starting from July 8, 2025, due to violations identified in the Administrative Penalty Notice [1][2] - The company has conducted a thorough self-examination and rectification, disclosing corrections of prior accounting errors and related periodic reports on October 27, 2023 [2][3] - The company plans to apply for the removal of the risk warning once it meets specific conditions, including retrospective restatement of financial reports and a twelve-month period after the issuance of the administrative penalty decision [3] Group 2 - The company is required to disclose progress on error corrections at least once a month during the risk warning period until the final administrative penalty decision is made [1][2] - The company will continue to monitor the situation closely and fulfill its information disclosure obligations in accordance with relevant laws and regulations [3]

Core Viewpoint - The company, Kunming Yunnei Power Co., Ltd., has received an administrative penalty notice from the Yunnan Securities Regulatory Bureau, leading to a risk warning on its stock starting July 10, 2025, due to false disclosures in its 2021 and 2022 annual reports [2][3] Group 1: Reasons for Risk Warning - The company was issued an administrative penalty notice on July 8, 2025, which identified false disclosures in its 2021 and 2022 annual reports [2] - As a result of these findings, the company's stock is subject to risk warnings as per the Shenzhen Stock Exchange regulations [2] Group 2: Measures and Progress - The company has taken immediate action by organizing its finance and auditing teams to address the issues raised in the administrative penalty notice and is actively working on correcting the financial statements [3] - The company plans to correct and restate the financial information for the affected years promptly after receiving the formal administrative penalty decision [3] - The company can apply to the Shenzhen Stock Exchange to lift the risk warning if it meets specific conditions, including restating the financial reports and waiting twelve months after the penalty decision [3][4] Group 3: Impact on the Company - The final outcome of the administrative penalty will be determined by the official decision from the China Securities Regulatory Commission [4] - The company assures that its operations remain normal and expresses regret to investors regarding the impact of these issues [4] - The company commits to improving its internal governance and compliance with legal regulations to enhance the quality of financial reporting and information disclosure [4]

Group 1 - The company, Kunming Yunnei Power Co., Ltd., has been placed under other risk warnings due to false disclosures in its 2021 and 2022 annual reports as per the notice from the Yunnan Securities Regulatory Bureau [1][2] - The company is required to disclose progress on error corrections at least once a month until the formal administrative penalty decision is made and the financial statements are corrected [1][2] - The company is actively conducting internal rectification and is in the process of correcting the financial statements and making retrospective adjustments [1][2] Group 2 - The company plans to apply for the removal of the risk warning after fulfilling specific conditions, including the retrospective restatement of the financial reports and a twelve-month period following the administrative penalty decision [2] - The company has committed to improving its internal governance, enhancing financial accounting standards, and ensuring compliance with relevant laws and regulations to protect shareholder interests [2][3]

Core Viewpoint - *ST Lihang (603261.SH) is expected to continue its losses in the first half of 2025, with projected net profit attributable to shareholders ranging from -41 million to -57 million yuan, indicating a worsening financial situation compared to the previous year [1] Financial Performance Summary - The company reported a net profit of -24.26 million yuan in the same period last year, with a net profit excluding non-recurring items of -26.86 million yuan [1] - For the years 2023 and 2024, the net profits attributable to shareholders were -68 million yuan and -94 million yuan respectively, with net profits excluding non-recurring items at -62 million yuan and -99 million yuan [1] - The operating revenue for 2024 was approximately 289.85 million yuan, showing a 23.54% increase from 2023, which had 234.62 million yuan [2] - The operating revenue after excluding unrelated business income for 2024 was about 284.43 million yuan, a 21.34% increase from 2023 [2] - The net profit attributable to shareholders for 2024 was -93.94 million yuan, a decrease of 37.51% compared to -68.31 million yuan in 2023 [2] - The net profit excluding non-recurring items for 2024 was -98.81 million yuan, a 59.02% decrease from -62.14 million yuan in 2023 [2] Company Background - Lihang Technology was listed on the Shanghai Stock Exchange on March 15, 2022, with an initial public offering of 19.70 yuan per share, raising a total of 379 million yuan [3] - The net proceeds from the fundraising amounted to 335 million yuan, which were allocated for aviation equipment and rotorcraft manufacturing projects, as well as for working capital [3] - The total issuance costs were approximately 44.50 million yuan, with the underwriting fees to Huaxi Securities being around 29.67 million yuan [3]

Core Viewpoint - ST Te Xin has successfully removed its ST label and changed its stock name to Te Fa Information, indicating a recovery from previous financial misconduct and a return to normal trading status [2][6]. Group 1: Company Background and Events - ST Te Xin, now known as Te Fa Information, faced a risk warning for over a year due to financial misconduct by its subsidiary, Shenzhen Te Fa Dong Zhi Technology Co., Ltd., which inflated revenues and profits from 2015 to 2019 [6][10]. - The company reported inflated profits totaling 10.39 million yuan in 2015, 91.73 million yuan in 2016, 56.25 million yuan in 2017, and 11.63 million yuan in 2018, while reporting a profit reduction of 21.08 million yuan in 2019 [6][10]. - Following the administrative penalties from the Shenzhen Securities Regulatory Bureau, the company was designated as ST Te Xin, leading to a significant drop in stock price, including nine consecutive trading days of limit-down [6][9]. Group 2: Financial Recovery and Performance - After more than a year of rectification, the company has corrected its financial statements for the years affected by the misconduct and has received a special audit report confirming these corrections [7]. - Te Fa Information has made provisions for investor compensation amounting to 10.07 million yuan, which has contributed to the removal of other risk warnings [7]. - The stock price has rebounded over 90% from a low of below 4 yuan per share after being designated as ST, closing at 8.03 yuan per share as of July 7 [8][9]. Group 3: Current Financial Status - For the fiscal year 2024, Te Fa Information reported revenues of 4.409 billion yuan, a year-on-year decrease of 10.69%, and a net loss of 403 million yuan [10]. - In the first quarter of 2025, the company continued to face challenges, with revenues of 790 million yuan, down 26.16% year-on-year, and a net loss of 15.06 million yuan [10]. - The company operates in the optical communication industry and has diversified into four business segments: cables, smart services, integration, and property leasing, with total assets of 6.461 billion yuan and net assets of 2.058 billion yuan as of December 31, 2024 [10].

Core Viewpoint - The company *ST Guandian will face additional risk warnings on its stock starting from July 8, 2025, due to regulations from the Shanghai Stock Exchange [1] Group 1 - The stock will continue to be traded under the name "*ST Guandian" with the stock code "688287" remaining unchanged [1] - The implementation of additional risk warnings will not lead to the stock entering the risk warning board for trading [1] - The price fluctuation limit for the stock will remain at 20% despite the additional risk warnings [1]

Group 1 - The company Longyuan Group (600525) announced that its auditing firm provided a negative opinion on the internal control of the financial report for the year 2024 [1] - According to the Shanghai Stock Exchange Listing Rules, the company's A-share stock will be subject to other risk warnings [1] - The company's A-share stock will be suspended for one day on April 29, 2025, and will implement other risk warnings starting from April 30, 2025, with trading on the risk warning board [1] Group 2 - After the implementation of other risk warnings, the stock price fluctuation limit will be set at 5% [1] - The stock abbreviation will change to "ST Longyuan" [1]