Core Viewpoint - Hongxiang Co., Ltd. has experienced a slight decline in stock price this year, with recent trading showing a mixed performance in terms of net capital inflow and stock turnover [1][2]. Group 1: Stock Performance - As of September 26, Hongxiang's stock price increased by 2.08% to 5.89 CNY per share, with a trading volume of 27.38 million CNY and a turnover rate of 0.94%, resulting in a total market capitalization of 2.995 billion CNY [1]. - Year-to-date, the stock price has decreased by 0.17%, with a 2.48% drop over the last five trading days, an 11.56% decline over the last 20 days, and a 10.76% decrease over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Hongxiang reported a revenue of 296 million CNY, representing a year-on-year decrease of 12.29%, while the net profit attributable to shareholders was 19.08 million CNY, showing a significant year-on-year increase of 118.87% [2]. Group 3: Business Overview - Hongxiang Co., Ltd. is based in Xiamen, Fujian Province, and was established on July 29, 2005, with its stock listed on February 17, 2015. The company specializes in the research, production, and sales of power detection and equipment, rail and traction power supply equipment, and military electronics, along with operating renewable energy projects [2]. - The main revenue sources for Hongxiang are power detection and equipment products (62.36%), communication electronics (35.62%), other (1.42%), and electricity sales (0.60%) [2]. - As of September 10, the number of shareholders was 32,700, a slight decrease of 0.14%, while the average circulating shares per person increased by 0.14% to 15,395 shares [2]. Group 4: Dividend Information - Since its A-share listing, Hongxiang has distributed a total of 212 million CNY in dividends, with no dividends paid in the last three years [3].

又一上市公司实控人被取保候审。 7月30日，红相股份（300427.SZ）发布公告称，公司实际控制人杨成因涉嫌违法被厦门市公安局 决定取保候审，期限自2025年7月29日起生效。 公告指出，杨成目前未在该公司担任任何职务，该公司日常经营管理由高管团队负责，此事项不会 对日常生产经营活动产生影响。 7月31日，红相股份开盘大跌近5%。据经济观察报统计，6月份以来，这已经是A股市场第三家实 控人被取保候审的上市公司，另外两家分别为中荣印刷集团股份有限公司（301223.SZ）、甬金科 技集团股份有限公司（603995.SH）。 被取保候审背后 7月31日，经济观察报记者致电红相股份证券事务部，一名人员回应称，此次实控人杨成被取保候 审，系因其此前涉及信息披露违法违规相关事项。目前该公司仍在配合公安机关的调查工作。 7月31日，经济观察报记者致电红相股份证券事务部，一名人 员回应称，此次实控人杨成被取保候审，系因其此前涉及信息 披露违法违规相关事项。目前该公司仍在配合公安机关的调查 工作。 作者： 蔡越坤 封图：图虫创意 上述红相股份证券事务部人员所指信息披露违规事项要追溯至2024年上半年。 2024年4月8日， ...

Core Viewpoint - The actual controller of Hongxiang Co., Ltd. has been placed under residential surveillance due to suspected illegal activities related to information disclosure, which has led to a significant drop in the company's stock price [3][4][5]. Company Summary - Hongxiang Co., Ltd. (300427.SZ) announced that its actual controller, Yang Cheng, is under residential surveillance effective from July 29, 2025, due to suspected violations of laws [3][4]. - Yang Cheng currently holds no position in the company, and daily operations are managed by the executive team, indicating that this situation will not affect the company's regular business activities [4][9]. - As of July 29, Yang Cheng has 20 million shares of Hongxiang pledged, accounting for 73.96% of his holdings and 3.93% of the company's total share capital [5][6]. Shareholding and Financial Violations - The controlling shareholder, Yang Baotian, and his associates have a total of 38.32 million shares pledged, representing 40.71% of their holdings and 7.54% of the company's total share capital [6]. - The company has faced significant penalties for financial misconduct, including falsifying financial reports and fraudulent issuance of stocks, with Yang Cheng receiving a lifetime market ban [7][8][9]. - From 2017 to 2022, Hongxiang Co., Ltd. inflated its revenue and profits through various fraudulent activities, with specific figures indicating substantial discrepancies in reported earnings [8]. Market Reaction - Following the announcement of Yang Cheng's residential surveillance, Hongxiang's stock price fell by over 7%, bringing its total market capitalization to approximately 3.2 billion yuan [10].