Core Viewpoint - *ST Yuancheng has received a decision from the Shanghai Stock Exchange to terminate its stock listing due to continuous low market capitalization and financial losses, with the delisting date set for December 5, 2025 [1][3]. Group 1: Delisting Decision - The Shanghai Stock Exchange decided to terminate the listing of *ST Yuancheng's stock, effective December 5, 2025 [1]. - From October 14 to November 10, 2025, *ST Yuancheng's market capitalization was below 500 million yuan for 20 consecutive trading days [3]. - Following the delisting, the company's stock will be transferred to the National Equities Exchange and Quotations system for trading [3]. Group 2: Financial Performance - In the first three quarters of the year, *ST Yuancheng reported revenue of 102 million yuan and a net loss of 143 million yuan [7]. - The company's revenue has been declining, with figures of 294 million yuan, 274 million yuan, and 146 million yuan from 2022 to 2024, respectively, while net losses increased from 65.48 million yuan to 325 million yuan during the same period [7]. - The company has faced continuous operational challenges, leading to a warning about its ability to continue as a going concern in the 2024 audit report [7]. Group 3: Regulatory Issues - On October 10, 2025, *ST Yuancheng received a notice from the China Securities Regulatory Commission regarding administrative penalties for false reporting in annual reports from 2020 to 2022 [8]. - The company was found to have inflated project costs and revenues, which could lead to a forced delisting due to significant violations of stock listing rules [8]. - Proposed penalties include a fine of 37.45 million yuan for the company and a total of 42 million yuan for five responsible individuals, including the controlling shareholder [8].

11月28日，*ST元成(603388.SH)公告称，公司于11月28日收到上交所出具的《关于元成环境股份有限公司股票终止上市的决定》，上交所决定终止公司股 票上市。公司终止上市暨摘牌日为2025年12月5日。 公司股票终止上市后，将转入全国中小企业股份转让系统依托原证券公司代办股份转让系统设立并代为管理的两网公司及退市公司板块挂牌转让。 *ST元成将于12月5日终止上市。 2025年10月10日，证监会对*ST元成涉嫌定期报告等财务数据存在虚假记载作出行政处罚并事先告知，*ST元成涉嫌触及重大违法强制退市情形，上交所 将依法启动退市程序。 证监会官网显示，*ST元成连续三年虚增收入和利润，违反证券法律法规。经查明，*ST元成主要通过以下手段造假： 一是虚增越龙山项目成本与产值，导致2020年至2022年年报中的营业收入和利润总额严重失实。 其中，*ST元成累计虚增营业成本约1.58亿元、营收2.09亿元、利润总额达5046.02万元。其中，2020年年报虚增利润总额3848.04万元，占当期披露金额的 36.60%；2021年年报虚增利润总额1109.39万元，占当期披露金额的19.32%；2022年年报虚 ...

Group 1 - The core point of the article is that Huylv Ecological (SZ 001267) held its 15th meeting of the 11th board of directors on November 28, 2025, to discuss matters related to a proposed transaction [1] - The company reported that for the first half of 2025, its revenue composition was 78.85% from optoelectronic devices and 21.15% from landscaping business [1] Group 2 - As of the report, Huylv Ecological has a market capitalization of 14.5 billion yuan [2]

公告显示，公司制定本激励计划旨在进一步完善公司法人治理结构，建立、健全公司的长效激励约束机 制，吸引和留住优秀人才，充分调动公司核心岗位人员的积极性和创造性，有效提升核心团队凝聚力和 企业核心竞争力，有效地将股东、公司和核心团队三方利益结合在一起，使各方共同关注公司的长远发 展，确保公司发展战略和经营目标的实现。 *ST花王管理层表示，本次股权激励计划的推出，是公司迈向稳健发展的重要一步。通过绑定核心团队 利益加速实现经营目标，提升市场竞争力。该计划有助于凝聚内部力量，应对外部挑战，公司将全力以 赴实现业绩考核目标，稳固上市地位，助力企业长远发展。 中证报中证网讯（王珞）11月26日晚间，*ST花王（603007）发布2025年股票期权与限制性股票激励计 划（草案），本激励计划包括股票期权激励计划和限制性股票激励计划两部分，股票来源为公司向激励 对象定向发行的A股普通股。 本激励计划拟授予权益总计1200万份，占公司股本总额的1.37%。首次授予激励对象总人数为16人，包 括公司董事、高级管理人员及业务骨干人员。 草案显示，此次*ST花王股权激励计划中设置了公司层面和个人层面双重考核指标，确保激励与业绩挂 钩 ...

Group 1 - Shaanxi Guotou A has received acceptance for its application to issue A-shares to specific targets, pending further review and approval by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1] - *ST Dongtong has received a notice of termination of stock listing due to false disclosures in annual reports from 2019 to 2022, leading to a suspension of trading [2] - Jianlong Micro-Nano has terminated its major asset restructuring plan, concluding that the conditions for implementation are not mature [3] Group 2 - China Iron & Steel Logistics Group plans to increase its stake in China Iron & Steel by investing between 65 million and 130 million yuan within six months [4] - Industrial Fulian has adjusted its share repurchase price ceiling to no more than 75 yuan per share, up from a previous limit of 19.36 yuan [5] - Fujian Expressway intends to invest 180 million yuan in a capital increase project for Haixia Insurance, acquiring an 18% stake [6] Group 3 - Beixin Building Materials plans to use up to 8 billion yuan of idle funds for entrusted wealth management, aiming for capital preservation and appreciation [8] - Mao Ye Commercial has confirmed that its production and operation are normal despite recent stock price fluctuations [10] - Sanjiang Shopping has reported a significantly higher rolling P/E ratio of 70.45 compared to the industry average of 26.11 [11] Group 4 - Pinming Technology has experienced a stock price increase of 255.54% from September 25 to November 26, leading to potential trading risks [13] - Jiangbolong's vice president plans to reduce his stake by up to 30,600 shares, representing 0.0073% of the total share capital [15] - He Sheng Co. shareholders plan to collectively reduce their stake by up to 3% [16] Group 5 - Baiao Chemical's major shareholders plan to transfer a total of 10% of the company's shares, with a total consideration of approximately 1.986 billion yuan [18] - *ST Huawang's subsidiary plans to invest 10 million yuan to establish a wholly-owned subsidiary in Yibin, Sichuan [19] - *ST Yatai's restructuring application has been accepted by the court, leading to a risk warning for its stock [20]

Group 1 - The core viewpoint of the news is that Nongshang Environment's stock has shown a significant increase of 44.33% year-to-date, despite recent declines in the short term [2] - As of November 27, the stock price is reported at 8.27 CNY per share, with a market capitalization of 2.425 billion CNY [1] - The company has experienced a net inflow of main funds amounting to 69,700 CNY, indicating some level of investor interest [1] Group 2 - Nongshang Environment's main business revenue composition includes 86.91% from comprehensive computing services, 11.07% from landscaping engineering, and 2.02% from other sources [2] - The company has reported a significant decline in revenue for the period from January to September 2025, with total revenue of 45.93 million CNY, a year-on-year decrease of 56.73% [2] - The net profit attributable to the parent company for the same period is reported at -76.50 million CNY, reflecting a year-on-year decrease of 45.51% [2] Group 3 - Since its A-share listing, Nongshang Environment has distributed a total of 43.81 million CNY in dividends, but has not paid any dividends in the last three years [3]

智通财经APP讯，*ST花王(603007.SH)披露2025年股票期权与限制性股票激励计划(草案)，拟授予激励 对象权益总计1200万份/万股，约占激励计划草案公告日公司股本总额的1.37%，首次授予1089万份/万 股，首次授予激励对象总人数为16人。拟授予激励对象的股票期权数量为330万份，拟授予激励对象的 限制性股票数量为870万股，股票期权的行权价格为5.51元/股，限制性股票的授予价格为2.76元/股。 ...

Group 1 - Aolide plans to raise no more than 300 million yuan through a simplified procedure for issuing shares to specific targets, with net proceeds allocated to the production base project for OLED display core materials and to supplement working capital [1] - Wanbang's subsidiary has obtained a 10-year exclusive agency for sildenafil oral suspension, which is suitable for patients with swallowing difficulties [2] - Titan Technology and its affiliate plan to jointly invest in increasing capital for its subsidiary, Micro Detection, raising its registered capital from 10 million yuan to 50 million yuan [3] Group 2 - Jindike will not issue new batches of quadrivalent influenza virus split vaccine this year, having produced approximately 1.56 million doses [4] - Aladdin intends to purchase 35% equity of Youke for 61.25 million yuan, funded by its own or raised capital [5] - Gujia Home's application for a private placement of A-shares has been approved by the Shanghai Stock Exchange [7] Group 3 - Honghe Technology's application for a private placement of A-shares has been approved by the China Securities Regulatory Commission [9] - Guangdian Yuntong has won contracts totaling 308 million yuan for the construction of an artificial intelligence application pilot base [10] - Shanghai Mechanical plans to repurchase B-shares worth no more than 278 million yuan [11] Group 4 - Weiling Co. is planning a change of control, with shares representing 7.76% of the total being transferred [14] - Jiugang Hongxing intends to invest 200 million yuan to establish a wholly-owned subsidiary focusing on high-quality special steel materials [16] - Zhongjian Technology has submitted an application for H-share listing [17] Group 5 - Sainuo Medical has received registration approval for its coronary product in Pakistan [18] - Huafeng Aluminum plans to acquire 100% equity of Huafeng Puen for 100 million yuan [20] - Fuda Co. intends to establish a wholly-owned subsidiary with an investment of 30 million yuan [22] Group 6 - Su Yan Jingshen's application for a private placement of shares has been approved by the Shanghai Stock Exchange [24] - Zhongchuang Co. has set the inquiry transfer price at 25.75 yuan per share [25] - Jinpu Garden has had a lawsuit involving 26.557 million yuan accepted by the court [29] Group 7 - ICBC has approved the appointment of Zhao Guid as vice president [30] - Betta Pharmaceuticals has had its drug registration application for ensartinib accepted [32] - Times New Materials plans to invest 6 million euros to establish a wholly-owned subsidiary in Serbia [34] Group 8 - China State Construction has appointed Chen Yong as vice president [36] - Dayang Electric plans to invest 10 million yuan to establish an industrial fund [38] - Advanced Digital has appointed Liu Zhigang as deputy general manager [39] Group 9 - Tianqi Co. plans to transfer 7% equity of Youqi Intelligent for 130 million yuan [40] - Xinguo has submitted an application for H-share issuance and listing [42] - Jinhongshun's shareholder has terminated a share reduction plan [43] Group 10 - Wanrun Co.'s actual controller plans to increase shareholding between 365 million yuan and 730 million yuan [44] - Suzhou High-tech plans to sell 47% equity of its medical device subsidiary for 604 million yuan [45] - Huayou Cobalt's subsidiary has signed a product supply agreement with Yiwei Lithium Energy for approximately 127,800 tons of materials [47] Group 11 - China Communications has won 10 important projects totaling approximately 2.539 billion yuan [49] - Nopushin plans to raise no more than 1.45 billion yuan through a private placement [50] - Yun Aluminum plans to acquire minority stakes in three subsidiaries for a total of 2.267 billion yuan [51] Group 12 - Xiamen Tungsten plans to establish a 500 million yuan merger fund with multiple parties [52] - Aotewei has signed a contract worth approximately 700 million yuan [54] - Hemai Co.'s shareholders plan to reduce their holdings by no more than 3% [56]

Group 1 - Runjian Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange [1] - Zhongfu Shenying's shareholder plans to reduce its stake by no more than 1% [2] - Chenxi Aviation's controlling shareholder intends to reduce its stake by up to 3% [2] Group 2 - Zhiguang Electric's subsidiary signed a sales contract worth 152 million yuan [3] - Sanrenxing's controlling shareholder and actual controller plan to transfer up to 8% of the company's shares [4] - Guosheng Technology intends to acquire 100% equity of Fuyue Technology for 241 million yuan [5] Group 3 - Luxiao Technology's controlling shareholder plans to reduce its stake by no more than 3% [7] - Fusenmei's vice president and board secretary are under investigation [8] - Zhongchuang Co., Ltd. plans to transfer 2% of its shares through inquiry [10] Group 4 - Anglikang plans to raise 1.16 billion yuan for innovative drug research and industrialization projects [12] - Shenling Environment intends to issue convertible bonds to raise no more than 1 billion yuan [14] - Songcheng Performing Arts plans to acquire 100% equity of Hangzhou Songcheng Industrial for 963 million yuan [16] Group 5 - Demingli plans to raise no more than 3.2 billion yuan for SSD and DRAM expansion projects [17] - Ziyan Food's three shareholders plan to reduce their stake by no more than 276,700 shares [18] - Xinhua Pharmaceutical received a drug registration certificate for a new product [20] Group 6 - Chunqiu Electronics plans to acquire all shares of Danish liquid cooling technology company Asetek A/S for up to 547 million Danish kroner [22] - Tiandi Digital intends to transfer 100% equity of its subsidiary for 49 million yuan [24] - Huaru Technology plans to invest 20 million yuan to establish a fund focusing on new digital technologies [25] Group 7 - *ST Dongtong's stock may be suspended due to regulatory penalties for false reporting [26] - Siryipu is planning to acquire shares of Ningbo Aola Semiconductor and will suspend trading [27] - Purang Co., Ltd. is planning to acquire 49% equity of Noah Changtian and will suspend trading [29] Group 8 - *ST Suwu is facing potential delisting due to significant violations in financial reporting [32]

Group 1 - The core viewpoint of the news is that Huilv Ecological Technology Group Co., Ltd. has seen a stock price increase of 5.41%, reaching 17.33 CNY per share, with a total market capitalization of 13.607 billion CNY [1] - Huilv Ecological's main business includes landscape engineering construction, landscape design, and seedling planting, with revenue contributions from various segments: AOC 38.62%, optical modules 31.08%, landscape engineering 17.78%, and others [1] - The company is located in Wuhan, Hubei Province, and was established on January 29, 1990, with its listing date on November 17, 2021 [1] Group 2 - The Qianhai Kaiyuan Fund has a significant holding in Huilv Ecological, with the Qianhai Kaiyuan CSI Health Index Fund (164401) holding 74,600 shares, representing 1.67% of the fund's net value [2] - The Qianhai Kaiyuan CSI Health Index Fund has a total scale of 78.8441 million CNY and has achieved a year-to-date return of 9.55% [2] - The fund manager, Liang Pusen, has been in position for over 5 years, with the best fund return during his tenure being 124.38% [3]