Core Insights - On November 12, Yacon Co., Ltd. experienced a decline of 0.88% in stock price, with a trading volume of 39.49 million yuan [1] - The company reported a net financing outflow of 1.58 million yuan on the same day, with a total financing and securities balance of 131 million yuan [1] Financing Summary - On November 12, Yacon Co., Ltd. had a financing buy-in amount of 1.99 million yuan, while the financing repayment was 3.56 million yuan, resulting in a net financing buy-in of -1.58 million yuan [1] - The current financing balance of 131 million yuan accounts for 2.85% of the circulating market value, which is below the 10th percentile level over the past year, indicating a low level of financing [1] Securities Lending Summary - On November 12, there were no shares repaid or sold in the securities lending market, resulting in a sell amount of 0 yuan [1] - The securities lending balance was also 0 shares, which is above the 90th percentile level over the past year, indicating a high level of securities lending [1] Company Overview - Yacon Co., Ltd. was established on June 1, 2007, and went public on October 18, 2021 [2] - The company specializes in providing IT equipment sales services and comprehensive IT operation services to government and enterprise clients, with a revenue composition of 38.83% from equipment sales and 28.19% from on-site operation services [2] Financial Performance - For the period from January to September 2025, Yacon Co., Ltd. reported a revenue of 915 million yuan, a year-on-year decrease of 23.53%, and a net profit attributable to shareholders of 2.71 million yuan, down 95.26% year-on-year [2] Shareholder Information - As of September 30, 2025, the number of shareholders in Yacon Co., Ltd. was 17,300, a decrease of 4.68% from the previous period, with an average of 3,410 circulating shares per person, an increase of 4.91% [2] - The company has distributed a total of 145 million yuan in dividends since its A-share listing, with 44.52 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Softstone Information Technology (301236.SZ), has received a notice from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating that it meets the necessary conditions for issuance and listing [1] Group 1 - The Shenzhen Stock Exchange has reviewed the company's application for a specific stock issuance and found it compliant with issuance conditions, listing conditions, and information disclosure requirements [1] - Following this review, the Shenzhen Stock Exchange will proceed to report to the China Securities Regulatory Commission for the relevant registration process [1]

Core Viewpoint - Suzhou Keleian Heavy Industry Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a focus on various sectors including machinery, electronics, and artificial intelligence [1] Group 1: Company Overview - The legal representative of Suzhou Keleian Heavy Industry Co., Ltd. is Chen Shanshan [1] - The company has a registered capital of 1 million RMB [1] Group 2: Business Scope - The business scope includes sales of machinery, instruments, electronic products, building materials, and intelligent material handling equipment [1] - The company is involved in the sales of special equipment, electrical equipment, and industrial automation control systems [1] - Services offered include technology import and export, artificial intelligence application system integration, and information system integration [1] - The company also provides data processing services, internet data services, and professional design services [1] - Additional activities include mechanical equipment research and development, enterprise management consulting, and technical services [1]

Core Insights - On November 11, Yacon Co., Ltd. saw a stock price increase of 0.51% with a trading volume of 69.13 million yuan [1] - The company reported a net financing purchase of 1.75 million yuan on the same day, with a total financing balance of 133 million yuan, which is 2.86% of its market capitalization [1][2] - For the period from January to September 2025, Yacon Co., Ltd. achieved a revenue of 915 million yuan, a year-on-year decrease of 23.53%, and a net profit of 2.71 million yuan, down 95.26% year-on-year [2] Financing and Margin Trading - On November 11, Yacon Co., Ltd. had a financing purchase of 5.36 million yuan, with a current financing balance of 133 million yuan, which is below the 10th percentile level over the past year [1] - The company had no short selling activity on November 11, with a short selling balance of 0.00 yuan, indicating a high level of short selling availability compared to the past year [1] Business Overview - Yacon Co., Ltd. was established on June 1, 2007, and went public on October 18, 2021, focusing on IT equipment sales and IT operation services [2] - The company's revenue composition includes 38.83% from computing equipment sales, 28.19% from on-site operation services, 15.71% from implementation services, 10.84% from maintenance services, and 6.43% from digital value-added solutions [2] Shareholder Information - As of September 30, 2025, Yacon Co., Ltd. had 17,300 shareholders, a decrease of 4.68% from the previous period, with an average of 3,410 circulating shares per shareholder, an increase of 4.91% [2][3] - The company has distributed a total of 145 million yuan in dividends since its A-share listing, with 44.52 million yuan distributed over the past three years [3]

Core Insights - Shanghai Qianyi Hori Chemical Technology Co., Ltd. has been established with a registered capital of 100,000 RMB and is represented by Ma Xuehua [1] Company Overview - The company is engaged in a wide range of activities including technology services, development, consulting, and transfer [1] - It operates in the retail sector for cosmetics, daily chemical products, and various consumer goods [1] - The company also offers information technology consulting and sales of office supplies, home goods, and personal hygiene products [1] Business Scope - The business scope includes retail and wholesale of clothing, footwear, toys, and electronic products [1] - It is involved in the import and export of goods, as well as domestic trade agency services [1] - The company is permitted to conduct business activities autonomously based on its business license, excluding projects that require approval [1]

Core Viewpoint - ST Gaohong officially delisted from the A-share market on November 11, 2025, after a dramatic decline in stock price, marking the end of its 27-year listing history with a record of 35 consecutive trading halts [1][7] Financial Misconduct - The China Securities Regulatory Commission (CSRC) found that ST Gaohong engaged in financial fraud for nine consecutive years from 2015 to 2023, inflating total revenue by 19.876 billion yuan and total profit by 76.2259 million yuan [3] - The peak of the fraud occurred in 2019, with inflated revenue of 5.634 billion yuan, accounting for 49.38% of disclosed revenue, and inflated profit of 21.9052 million yuan, representing 64.88% of total profit [3] - In 2020, the company fraudulently raised 1.25 billion yuan through a non-public stock issuance based on false data [3] Methods of Fraud - The fraudulent activities primarily involved "false trade" methods, with significant participation from subsidiaries like Gaohong Technology and Gaohong Data, which engaged in fictitious trades of laptops and IT products [5] - The fraudulent operations were facilitated by a close relationship between key individuals, including the company's director and the actual controller of a trading partner [5] Regulatory Actions - On August 8, 2025, the CSRC issued a notice of administrative penalty, imposing a fine of 160 million yuan on ST Gaohong, including 135 million yuan for false reporting and 125 million yuan for fraudulent issuance [5][7] - Key executives, including the chairman and financial director, received substantial fines and were banned from the securities market for several years [7] Stock Performance and Delisting - Following the regulatory actions, ST Gaohong's stock price plummeted from 2.21 yuan to 0.38 yuan, resulting in a cumulative decline of over 80% [7] - The stock was suspended from trading after hitting the delisting threshold, with the Shenzhen Stock Exchange deciding to terminate its listing without a transition period [7] Financial Health and Legal Issues - As of the third quarter of 2025, ST Gaohong reported total revenue of 571 million yuan, a year-on-year decline of 44.64%, and a net loss of 432 million yuan, significantly worsening from a loss of 6.291 million yuan in the previous year [8] - The company faces a total of 3.273 billion yuan in litigation and arbitration claims, which is 398.68% of its latest audited net assets [8] Future Prospects - After delisting, ST Gaohong will be transferred to the National Equities Exchange and Quotations (NEEQ), but faces a challenging path ahead due to its substantial legal liabilities and financial losses [10]

Core Viewpoint - The company has entered into a strategic cooperation agreement with JD Technology to develop and promote smart kitchen waste disposal equipment, aiming to enhance its environmental business and optimize organic waste processing efficiency [1] Group 1: Strategic Cooperation Agreement - The strategic cooperation agreement was signed on November 11, 2025, between the company and JD Technology [1] - The partnership will focus on kitchen waste projects, with JD Technology responsible for marketing and brand promotion using big data and artificial intelligence [1] - The company will provide equipment management services and handle the collection and sale of waste oil [1] Group 2: Financial Support and Market Penetration - JD Technology will provide funding to meet the operational needs of the kitchen waste project [1] - The collaboration is expected to accelerate market penetration of smart kitchen waste disposal equipment [1] - The project aims to improve the efficiency of organic waste processing and resource utilization, creating synergistic effects for the company's environmental business expansion [1] Group 3: Overall Benefits - The board of directors believes that entering into the strategic cooperation agreement aligns with the overall interests of the company and its shareholders [1]

Core Viewpoint - The company has entered into a strategic cooperation agreement with JD Technology to develop and promote smart kitchen waste disposal equipment, aiming to enhance its environmental business and optimize organic waste processing efficiency [1] Group 1: Strategic Cooperation Agreement - The strategic cooperation agreement was signed on November 11, 2025, between the company and JD Technology [1] - The partnership will focus on kitchen waste projects, with JD Technology responsible for marketing and brand promotion using big data and artificial intelligence [1] - The company will provide equipment management services and handle the collection and sale of waste oil [1] Group 2: Financial Support and Market Penetration - JD Technology will provide funding to meet the operational needs of the kitchen waste project [1] - The collaboration is expected to accelerate market penetration of smart kitchen waste disposal equipment [1] - The project aims to improve the efficiency of organic waste processing and resource utilization, creating synergies for the company's environmental business expansion [1] Group 3: Overall Benefits - The board of directors believes that entering into the strategic cooperation agreement aligns with the overall interests of the company and its shareholders [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公佈由創業集團（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願 作出，以告知本公司股東（「股東」）及潛在投資者本集團最新業務發展。 戰略合作協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年11月11日（香港聯合交易所 有限公司（「聯交所」）交易時段後），本公司與京東科技信息技術有限公司（「京東科 技」）訂立戰略合作協議（「戰略合作協議」），內容有關開發及推廣智能餐廚垃圾處理 設備（「廚餘項目」）的潛在業務合作（「戰略合作」）。 根據戰略合作協議，訂約方擬建立全面戰略合作夥伴關係，以合作廚餘項目，其 中，京東科技將主要負責營銷及品牌推廣，使用大數據及應用人工智能，而本公司 將主要負責提供設備管理服務以及廢用油的收集與銷售。京東科技亦將向本公司提 供資金，以滿足廚餘項目運作中的資金需求。 – 1 – NEW CONCEPTS HOLDINGS LIMITED 創 業 集 ...

Core Insights - Changsha Huizan Food Co., Ltd. has been established with a registered capital of 50,000 RMB and is represented by Wang Ke [1] Company Overview - The company is engaged in various food-related sales activities, including food sales and internet food sales, subject to necessary approvals [1] - It also operates in general retail, including daily necessities, agricultural products, fresh meat, fresh vegetables, and fresh fruits [1] - The company provides cold storage services and low-temperature warehousing, excluding hazardous chemicals [1] Business Scope - The business scope includes wholesale and retail of fresh meat, fresh vegetables, fresh fruits, and eggs [1] - It also covers a wide range of retail activities, including hardware products, kitchenware, stationery, office supplies, and daily appliances [1] - The company is involved in the sale of unprocessed nuts, grains, electronic products, and various building materials [1] Technology and Services - The company offers information technology consulting services, internet data services, and network technology services [1] - It is also engaged in digital cultural creative content application services and IoT application services, provided these activities do not require prior approval [1]