【导读】因涉嫌信息披露违法违规，*ST熊猫被证监会立案 中国基金报记者 李智 12月29日，*ST熊猫发布公告称，公司于2025年12月29日收到中国证监会下发的《立案告 知书》，因涉嫌信息披露违法违规，中国证监会决定对公司立案。 值得注意的是，因*ST熊猫2024年度财务报表被出具了无法表示意见的审计报告，根据上海 证券交易所《股票上市规则》第9.3.2条第（三）项"最近一个会计年度的财务会计报告被出 具无法表示意见或否定意见的审计报告"的规定，公司股票已被实施退市风险警示。 因公司2024年度内部控制被出具了否定意见的审计报告，根据上海证券交易所《股票上市规 则》第9.8.1条第（三）项"最近一个会计年度内部控制被出具否定意见审计报告"的规定，公 司股票继续被实施其他风险警示。 截至目前，上述非标意见所涉事项尚未有进展，如公司2025年度不符合《股票上市规则》第 9.3.7条规定的撤销退市风险警示的情形，公司股票将被终止上市。 业绩方面，*ST熊猫今年前三季度实现营业收入1.55亿元，同比下降25.86%；归属于上市公 司股东净利润为1356.01万元，同比下降53.25%。 | *ST熊猫 600599 ...

【导读】因涉嫌信息披露违法违规，*ST熊猫被证监会立案 12月29日，*ST熊猫（600599）发布公告称，公司于2025年12月29日收到中国证监会下发的《立案告知书》，因涉嫌信息披露违法违规，中国证监会决定 对公司立案。 *ST熊猫表示，目前，公司各项生产经营活动正常开展，在立案调查期间，公司将积极配合中国证监会的调查工作。 值得注意的是，因*ST熊猫2024年度财务报表被出具了无法表示意见的审计报告，根据上海证券交易所《股票上市规则》第9.3.2条第（三）项"最近一个 会计年度的财务会计报告被出具无法表示意见或否定意见的审计报告"的规定，公司股票已被实施退市风险警示。 因公司2024年度内部控制被出具了否定意见的审计报告，根据上海证券交易所《股票上市规则》第9.8.1条第（三）项"最近一个会计年度内部控制被出具 否定意见审计报告"的规定，公司股票继续被实施其他风险警示。 截至目前，上述非标意见所涉事项尚未有进展，如公司2025年度不符合《股票上市规则》第9.3.7条规定的撤销退市风险警示的情形，公司股票将被终止上 市。 业绩方面，*ST熊猫今年前三季度实现营业收入1.55亿元，同比下降25.86%；归属 ...

【导读】因涉嫌信息披露违法违规，*ST熊猫被证监会立案 12月29日，*ST熊猫发布公告称，公司于2025年12月29日收到中国证监会下发的《立案告知书》，因涉嫌信息披露违法违规，中国证监会决定对公司立 案。 *ST熊猫表示，目前，公司各项生产经营活动正常开展，在立案调查期间，公司将积极配合中国证监会的调查工作。 值得注意的是，因*ST熊猫2024年度财务报表被出具了无法表示意见的审计报告，根据上海证券交易所《股票上市规则》第9.3.2条第（三）项"最近一个 会计年度的财务会计报告被出具无法表示意见或否定意见的审计报告"的规定，公司股票已被实施退市风险警示。 因公司2024年度内部控制被出具了否定意见的审计报告，根据上海证券交易所《股票上市规则》第9.8.1条第（三）项"最近一个会计年度内部控制被出具 否定意见审计报告"的规定，公司股票继续被实施其他风险警示。 截至目前，上述非标意见所涉事项尚未有进展，如公司2025年度不符合《股票上市规则》第9.3.7条规定的撤销退市风险警示的情形，公司股票将被终止上 市。 业绩方面，*ST熊猫今年前三季度实现营业收入1.55亿元，同比下降25.86%；归属于上市公司股东净 ...

12月29日晚间，*ST熊猫（600599）公告称，公司于当日收到中国证监会下发的《立案告知书》，因涉嫌信息披露违法违规，中国证监会决定对公司立 案。 *ST熊猫表示，目前，公司各项生产经营活动正常开展，在立案调查期间，公司将积极配合中国证监会的调查工作，并严格按照相关法律法规及监管要求 及时履行信息披露义务。 回溯来看，*ST熊猫此前因2024年度财务报表被出具无法表示意见的审计报告，以及2024年度内部控制被出具否定意见的审计报告，被上交所实施退市风 险警示以及其他风险警示。 12月16日晚，*ST熊猫发布公告，第二大股东银河湾国际投资有限公司所持部分股份将被司法拍卖。根据湖南省浏阳市人民法院的《司法拍卖告知书》， 此次涉及拍卖的股份为银河湾国际投资所持有的260万股公司股票，占其所持公司股份的8.56%，占公司总股本的1.57%。 本次司法拍卖定于2025年12月31日10时至2026年1月1日10时在淘宝网司法拍卖平台公开进行。起拍价将按照拍卖日前20个交易日的股票收盘平均价乘以 260万股计算，竞买保证金为500万元。 值得注意的是，*ST熊猫近期股价波动较大。12月18日至今8个交易日内录得5个涨 ...

Core Viewpoint - The development of the Yangtze River Middle Reaches Urban Agglomeration is emphasized as a national growth pole for high-quality development, with a focus on fostering regional cooperation among Hubei, Hunan, and Jiangxi provinces [2][3]. Group 1: Regional Cooperation Initiatives - Hubei, Hunan, and Jiangxi provinces are actively promoting inter-provincial cooperation, with Hubei's "14th Five-Year Plan" suggesting the establishment of a collaborative mechanism among the three provinces [3]. - The three provinces are working together to create a "green development pilot zone" in the mountainous areas, focusing on ecological tourism and agricultural processing [3][4]. - The cooperation between Hubei's Xiaokang Town and Jiangxi's Jiujiang has shown significant results, with Xiaokang evolving from a township to a strategic development area due to its location [4][5]. Group 2: Economic Development and Industrial Collaboration - The Hubei Xiaokang Riverside New Area has seen substantial economic growth, although it has not fully realized its initial goal of becoming a functional area for Jiujiang [5]. - The Xiang-Gan border region has established a collaborative framework characterized by "shared industry, interconnected facilities, shared governance, and ecological protection," with significant achievements in the fireworks industry and transportation infrastructure [6][7]. - The GDP of the Xiang-Gan border region is projected to reach approximately 320 billion yuan in 2024, with a growth rate of 7.8%, surpassing the average growth of both provinces [7]. Group 3: Ecological and Infrastructure Cooperation - Hubei and Hunan are collaborating on ecological projects within the Dongting Lake Economic Zone, focusing on flood control and ecological restoration [8][9]. - A cross-provincial cooperation demonstration zone has been established to enhance policy alignment and market integration, facilitating infrastructure projects like the Huonan High-speed Railway [9][10]. Group 4: Recommendations for Enhanced Cooperation - To improve inter-provincial collaboration, it is recommended to strengthen transportation networks, deepen industrial cluster cooperation, and innovate ecological governance mechanisms [11][12]. - The establishment of national-level cross-provincial industrial cooperation demonstration zones is suggested to attract social capital and enhance public service integration [13]. - A joint mechanism for inter-provincial consultation is proposed to address legal and policy challenges in revenue sharing and resource allocation [13].

近日，山西宣布废止烟花爆竹"禁放令"的消息引发了广泛关注。 2025年12月16日，山西省人民政府发布《山西省人民政府关于宣布废止124件行政规范性文件的决 定》，其中明确废止的行政规范文件目录包含《山西省人民政府关于禁止生产、经营、储存、运输和燃 放烟花爆竹的通告（2020年8月17日）》（以下简称《通告》）。 中国烟花爆竹协会随后发表声明，表示此举意味着山西省烟花爆竹管理从全面禁放模式，正式转为科学 限放管理模式。 消息一出，也引发了网友热议。部分网友对此表示支持，呼吁更多省份"跟上节奏"，让传统年俗氛围回 归。同时，也有不少评论对燃放烟花爆竹可能带来的安全隐患表示担忧。 山西省太原市市场监督管理局一位工作人员对中国新闻周刊表示，由于文件刚刚下发，具体如何执行尚 不明确，许多工作还在等待进一步部署中。 太原市应急管理局相关工作人员告诉中国新闻周刊，省级层面仅取消原有禁令，后续如何开放、何时实 施，仍需等待具体政策通知。被问及"今年元旦是否允许燃放"时，该工作人员表示目前尚不清楚。 中国新闻周刊致电山西省应急管理厅，相关工作人员表示现在不方便接受采访。 有限制地"放开" 据了解，此次宣告废止的《通告》发布于 ...

Core Viewpoint - Shanxi Province has lifted its five-year ban on fireworks, transitioning from a complete prohibition to a regulated allowance, reflecting a balance between public demand for traditional celebrations and safety management [1][3][4]. Policy Changes - The announcement on December 16, 2023, included the repeal of 124 administrative normative documents, marking a significant shift in the management of fireworks in Shanxi [1][3]. - The previous ban, implemented in August 2020, was replaced with new administrative licensing requirements for the production, storage, and sale of fireworks [3][4]. Public and Market Reaction - The policy change sparked immediate discussions on social media, with topics related to the lifting of the ban trending nationally [4]. - The China Fireworks Association expressed support for the decision, viewing it as a response to cultural needs while balancing public safety [4]. Environmental and Economic Context - Shanxi's decision to relax restrictions is underpinned by significant improvements in environmental quality, with air quality indices showing a 29.6% reduction compared to the end of the 13th Five-Year Plan [5]. - The province has seen a dramatic decrease in heavy pollution days, from 89 days to just 7 days, indicating successful pollution control measures [5]. - The economic transformation of Shanxi is also a driving factor, with initiatives to boost tourism and cultural activities, particularly following the success of the game "Black Myth: Wukong" [5][6]. Tourism and Cultural Strategy - The lifting of the ban is part of a broader strategy to enhance tourism by integrating traditional cultural elements, such as fireworks, into the tourism experience [8]. - Experts suggest that this move will stimulate tourism during the Spring Festival, potentially increasing visitor stays and spending across various sectors [8]. Safety and Management Measures - The Shanxi government is implementing detailed safety regulations to manage the use of fireworks, including monitoring and emergency preparedness [10]. - Local governments are establishing clear guidelines on where, when, and what types of fireworks can be used, aiming to ensure public safety while allowing for festive celebrations [10].

最近，一南一北，两大省份都官宣了一个"解禁令"。 先是云南在道路交通安全管理工作专题新闻发布会上宣布，全省16.88万辆皮卡车（多用途货车）正式获得与小型载客汽车同等的城市道路通行权，标志 着皮卡进城限制在云南全面放开。 山西则于近日发布了一批宣布废止的行政规范性文件目录。其中包含《山西省人民政府关于禁止生产、经营、储存、运输和燃放烟花爆竹的通告（2020年 8月17日）》。 这意味着山西省级层面关于烟花爆竹的一刀切"禁令"被废除。虽然这并不代表烟花爆竹在山西全域可完全"自由"燃放，但统一禁令的废止，至少是一个明 显的政策松绑信号。 这两件看起来并无直接联系的事件，背后却有一份共同的深意。 数据显示，2017年，全国共有444个城市禁止燃放烟花爆竹，764个城市限制燃放；2018年，全国803个县级以上城市禁止燃放烟花爆竹。 但关于"禁"与"燃"的争议，始终存在。 坚持要燃的一方认为，这是传统，有利于营造烟火气、年味；反对的一方则认为，这有污染，有安全风险。 具体到政策端，每个地方的态度，会因客观条件不同而有差异。比如，山西属于煤矿大省，本身空气治理任务重，对于烟花爆竹燃放所带来的污染，自然 有更多的警惕。 ...

Core Viewpoint - The recent decision by the Shanxi provincial government to abolish 124 administrative normative documents, including the ban on the production, operation, storage, transportation, and use of fireworks, reflects a shift towards a more scientifically managed approach to fireworks regulation, balancing public sentiment with safety governance [3][4]. Group 1: Policy Changes - The abolition of the fireworks ban signifies a transition from a comprehensive prohibition model to a scientifically controlled management model, responding to public demand for traditional cultural practices while ensuring safety [4][5]. - Shanxi's decision is part of a broader trend across various regions in China, where similar bans have faced public dissent, indicating a strong desire among citizens to engage in traditional customs during festive seasons [5][6]. Group 2: Economic Impact - The fireworks industry in China comprises over 7,000 existing enterprises, with a market size exceeding 60 billion yuan, indicating a significant economic sector that has been adversely affected by previous prohibitive policies [4]. - Following the policy adjustment, there has been a noticeable increase in inquiries about fireworks sales in Taiyuan, suggesting a positive market response and potential economic recovery for the industry [4][5]. Group 3: Governance and Public Sentiment - The shift in policy reflects an enhancement in government governance capabilities and a change in governance philosophy, aiming to harmonize safety, environmental protection, economic development, and cultural heritage [6][7]. - The process of abolishing the ban illustrates the importance of aligning government actions with public sentiment, emphasizing that effective governance must consider the people's true wishes to gain widespread acceptance [7].

Group 1: Policy Changes - Shanxi Province has announced the repeal of 124 administrative normative documents, including the ban on the production, operation, storage, transportation, and use of fireworks, which was previously implemented in August 2020 [1] - The repeal is a response to significant changes in the legal framework and aims to transition from a comprehensive ban to a scientifically managed control model for fireworks [1][2] - The new management approach reflects a balance between public safety, environmental concerns, and cultural traditions, indicating a shift in governance philosophy [4] Group 2: Economic Impact - The fireworks industry in China involves over 7,000 existing companies and has a market size exceeding 60 billion yuan [2] - The previous comprehensive ban had a detrimental effect on the industry, but the repeal is expected to lead to a rapid recovery, as evidenced by increased inquiries about fireworks sales in Taiyuan City [2] - The policy change is anticipated to positively impact the local economy and may serve as a catalyst for broader industry recovery across the country [2] Group 3: Public Sentiment - There has been general public discontent with previous bans on fireworks, as many citizens prioritize cultural traditions over concerns about safety and environmental pollution [3] - The desire for a return to traditional customs, especially during festive seasons, has driven the demand for a more flexible approach to fireworks regulation [3] - The shift to a scientifically managed control system is seen as a way to respect public opinion while ensuring safety and environmental standards are maintained [3][4]