Core Viewpoint - Anhui Fuhuang Steel Structure Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, while the company asserts that its business operations remain normal [2]. Group 1: Investigation and Business Operations - The CSRC has issued a notice of investigation to Fuhuang Steel Structure due to alleged information disclosure violations [2]. - The company has stated that all business activities are currently operating normally and it will cooperate with the CSRC during the investigation [2][6]. - The investigation follows the termination of a planned acquisition of Hefei Zhongke Junda Vision Technology Co., Ltd. (Zhongke Vision) in June 2024 [2][6]. Group 2: Financial Performance - In the first half of the year, Fuhuang Steel Structure reported a revenue decline of 8.01% year-on-year, with a net profit decrease of 19.03% [2][7]. - The company's financial performance has been declining, with revenues of 47.58 billion, 46.35 billion, and 39.37 billion from 2022 to 2024, representing year-on-year declines of 17.08%, 2.58%, and 15.06% respectively [7]. - The net profit for the same period was 0.99 billion, 0.96 billion, and 0.51 billion, with year-on-year declines of 40.24%, 1.48%, and 46.51% respectively [7]. Group 3: Acquisition Plans and Market Reaction - Fuhuang Steel Structure had planned to acquire 100% of Zhongke Vision for 1.14 billion, intending to enhance its profitability and market position [3][4]. - The acquisition was expected to transform the company’s growth trajectory by entering the high-speed vision sector [6]. - Prior to the announcement of the acquisition plan, the company's stock experienced significant price increases, indicating market interest [4]. Group 4: Future Outlook - The company is under pressure to find new growth points amid declining performance and has expressed intentions to align with market demands and promote cost reduction and efficiency [7]. - Fuhuang Steel Structure aims to pursue green transformation and high-quality development as part of its future strategy [7].