2025年8月13日，REGEN公司获取仲裁通知，达透公司就经销合同纠纷向深国仲提起仲裁申请并获受 理。9月10日，紧急仲裁员对达透公司临时措施请求作出决定。9月23日，REGEN公司的反请求获受 理。 爱美客技术发展股份有限公司控股子公司REGEN公司在与达透医疗器械（上海）有限公司的经销合同 纠纷仲裁中，反请求于2025年9月23日获深圳国际仲裁院受理。目前仲裁尚未开庭，对爱美客本期或期 后利润影响存在不确定性。 REGEN公司作为仲裁反请求申请人，请求裁决确认达透公司在中国大陆区域（不含港澳台地区）的 AestheFill产品独家代理权终止；确认相关协议及修订案解除；要求达透公司补偿因办理案件支出的合 理费用，包括律师费、保全费、差旅费等，并承担仲裁费。 REGEN公司已聘请专业律师团队应对仲裁，将维护公司及股东合法权益。爱美客将密切关注案件进展 并及时披露，提醒投资者注意投资风险。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。 ...

Core Viewpoint - *ST Suwu has issued multiple warnings regarding significant trading risks and potential forced delisting due to abnormal stock price fluctuations and regulatory issues [1][3][7]. Group 1: Trading Risks - On August 27, *ST Suwu announced that its stock price had deviated significantly, with a cumulative increase of over 12% in two consecutive trading days, indicating abnormal trading activity [4]. - The stock experienced a substantial increase over five consecutive trading days, with a trading turnover rate of 20.93% on August 27, suggesting a "hot potato" trading phenomenon [4]. - The company has warned that if further significant trading anomalies occur, it will apply for a trading suspension to protect the rights of small investors [4]. Group 2: Regulatory Issues - *ST Suwu received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) on July 13, indicating that the company had inflated its operating income, costs, and profits, leading to false records in annual reports from 2020 to 2023 [7]. - The company is at risk of being subjected to forced delisting due to these violations of the Shanghai Stock Exchange listing rules [7][9]. - As of July 14, *ST Suwu's stock has been under a delisting risk warning, and if the CSRC's final decision confirms the violations, the stock will be terminated from listing [9]. Group 3: Financial and Operational Status - The company conducted a self-examination and found no significant changes in its daily operations or external environment that would impact its stock price, nor any undisclosed major events [6]. - The controlling shareholder's related parties have non-operating fund occupation amounting to 1.693 billion yuan as of the end of 2023 [9]. - The company is currently facing operational challenges due to a contract termination with Regen Biotech Inc., affecting its ability to sell AestheFill products [9].

Market Overview - The Shanghai Composite Index has surpassed 3700 points, with total market trading volume exceeding 2 trillion yuan, indicating a strong market characteristic and further solidifying the foundation for a slow bull market [1][10] - The market shows clear signs of sector rotation and upward movement, suggesting that holding stocks is advisable in the short to medium term [1][10] Economic Data - The National Bureau of Statistics released the national economic operation data for July [2] - The U.S. Producer Price Index (PPI) rose by 3.3% year-on-year in July, with a month-on-month increase of 0.9% [6] U.S. Stock Market Performance - The U.S. stock market showed mixed results, with the S&P 500 index slightly up by 0.03%, while the Dow Jones Industrial Average fell by 0.02% [3] - Intel shares surged by 7.4% following reports of potential government investment, while other tech stocks like Amazon and Netflix rose over 2% [3] Chinese Stock Market Performance - The Nasdaq Golden Dragon China Index fell by 2.13%, with major Chinese stocks like Li Auto and Alibaba experiencing declines of over 4% [4] Company Announcements - JD Group reported a second-quarter revenue of 356.7 billion yuan, a year-on-year increase of 22.4%, but net profit decreased to 6.2 billion yuan from 12.6 billion yuan in the same period last year [7] - China Shipbuilding Industry Company announced plans to terminate the listing of China Shipbuilding Heavy Industry Company following a merger [9] - Aimeike's subsidiary REGEN is involved in a significant arbitration case, with claims amounting to approximately 1.6 billion yuan [10]

Core Viewpoint - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding significant corporate actions and financial results. Major Events - Cambrian: The company announced that recent online information regarding large orders and revenue forecasts is misleading and not true [4] - China Shipbuilding: The company has applied for voluntary delisting following a merger with China Shipbuilding Industry [5][6] - Kanda New Materials: The company plans to acquire 51% of Chengdu Zhongke Huamei for 275 million yuan to expand in the semiconductor integrated circuit sector [7] - Aimeike: A major arbitration case involving its subsidiary REGEN has been initiated, with a claim of approximately 1.6 billion yuan [8] - China Evergrande: A hearing regarding the company's liquidation is scheduled for September 16, with shares continuing to be suspended [9] - *ST Suwu: The company's stock price fell below 1 yuan, risking delisting if it remains below this threshold for 20 consecutive trading days [10] - Foton Motor: The company has identified tax payment issues amounting to approximately 28.83 million yuan for the years 2022-2024 [11][12] - Wolong Electric: The company has submitted an application for H-share issuance and listing in Hong Kong [13] - Dayuan Pump Industry: The company clarified that its liquid cooling business is part of its original operations, with first-quarter sales of approximately 1.6 million yuan [14] - Gansu Energy: The Jinhe Coal Mine has resumed production after passing safety inspections [15] - Chipsea Technology: The company plans to issue H-shares to enhance its international strategy [16] Financial Performance - China Telecom: Reported a net profit of 23.017 billion yuan for the first half of 2025, a year-on-year increase of 5.5% [17] - JD Group: Achieved a revenue of 356.7 billion yuan in Q2 2025, a year-on-year growth of 22.4% [19] - Chuanjinno: Reported a net profit of 177 million yuan for the first half of 2025, a significant increase of 166.51% [20] - Darentang: Achieved a net profit of 1.928 billion yuan for the first half of 2025, a year-on-year increase of 193.08% [21] - Baodi Mining: Reported a net profit of 61.592 million yuan for the first half of 2025, a decline of 40.11% [22] - Bailong Oriental: Achieved a net profit of 390 million yuan for the first half of 2025, a year-on-year increase of 67.53% [23] - Dunhuang Seed Industry: Reported a net profit of 54.454 million yuan for the first half of 2025, a year-on-year increase of 73.43% [24] - Huarui Precision: Achieved a net profit of 85.4597 million yuan for the first half of 2025, a year-on-year increase of 18.80% [25] - Chongqing Beer: Reported a net profit of 865 million yuan for the first half of 2025, a decline of 4.03% [26] - Heertai: Achieved a net profit of 354 million yuan for the first half of 2025, a year-on-year increase of 78.65% [27] Shareholding Changes - Junshi Biosciences: Major shareholder Shanghai Tanying plans to reduce its stake by up to 2% [28] - Tibet Tourism: Major shareholder Lvtou Group plans to reduce its stake by up to 0.97% [29] Strategic Partnerships - Shanying International: The company has signed strategic investment cooperation agreements with Yunyin Technology and Proton Technology to enhance industrial applications in the paper and packaging sectors [30]

Core Viewpoint - Aimei Ke (300896) announced that its subsidiary REGEN Biotech, Inc. has initiated arbitration against Da Tu Medical Devices (Shanghai) Co., Ltd. regarding a distribution contract dispute, with a preliminary claim of RMB 1.6 billion [1] Group 1 - REGEN Biotech, Inc. filed for arbitration with the Shenzhen International Arbitration Court on August 13 [1] - The arbitration request pertains to a dispute over the validity of an exclusive agency agreement for AestheFill products [1] - The Shenzhen International Arbitration Court accepted the case on August 7 [1] Group 2 - The applicant seeks a ruling to confirm the validity of the exclusive agency rights agreement [1] - The specific compensation amount has not been clearly defined, but a preliminary claim of RMB 1.6 billion has been made [1]

Group 1 - Jiangsu Wuzhong Pharmaceutical Development Co., Ltd. (*ST Suwu) faced its eighth consecutive trading halt on July 23 due to significant operational challenges stemming from a contract termination with its subsidiary REGEN Biotech, Inc. [1] - REGEN Biotech announced on July 18 that it had sent a termination notice to Datuo Medical (Shanghai) Co., Ltd., which will result in the loss of exclusive distribution rights for the AestheFill product in mainland China [1] - The termination of the distribution agreement is expected to lead to a substantial decrease in revenue and profit for *ST Suwu's medical aesthetics segment in the second half of 2025 [1] Group 2 - On July 13, *ST Suwu received a notice from the China Securities Regulatory Commission (CSRC) regarding administrative penalties for inflating revenue, costs, and profits, with false records in annual reports from 2020 to 2023 [2] - The CSRC plans to impose a fine of 10 million yuan and issue warnings to related personnel, which may trigger mandatory delisting due to serious violations of the Shanghai Stock Exchange listing rules [2] - Following the CSRC's notice, *ST Suwu has been placed under a delisting risk warning by the Shanghai Stock Exchange since July 14 [2]

Group 1 - Ruihu Mould achieved a net profit of 227 million yuan in the first half of 2025, a year-on-year increase of 40.33% [1] - The company reported an operating income of 1.662 billion yuan, representing a year-on-year growth of 48.3% [1] - The main business focuses on automotive manufacturing equipment and lightweight automotive components [1] Group 2 - Dongfang Fortune announced that shareholder Shen Yougen's inquiry transfer price is set at 21.66 yuan per share [1] - The transfer will not occur through centralized bidding or block trading, and the shares cannot be transferred within six months [1] - The company specializes in securities, financial e-commerce services, and financial data services [1] Group 3 - Yunnan Copper plans to purchase 40% of Liangshan Mining for 2.324 billion yuan through a share issuance [3] - The transaction involves issuing shares to the controlling shareholder and indirect controlling shareholder to raise matching funds [3] - The company is engaged in copper exploration, mining, smelting, and processing of precious and rare metals [3] Group 4 - Changchuan Technology reported a net profit of 427 million yuan in the first half of 2025, a year-on-year increase of 98.73% [15] - The company achieved an operating income of 2.167 billion yuan, reflecting a year-on-year growth of 41.8% [15] - The main business is focused on the research, production, and sales of integrated circuit equipment [15] Group 5 - ST Lingda reported a net loss of 105 million yuan in the first half of 2025, an improvement from a net loss of 168 million yuan in the same period last year [17] - The company achieved an operating income of 59.93 million yuan, a year-on-year increase of 72.39% [17] - The main business involves high-efficiency photovoltaic solar cells and photovoltaic power generation [17] Group 6 - Anning Co. plans to acquire 100% equity of three companies for 6.508 billion yuan through phased cash payments [14] - The acquisition aims to enhance resource reserves, business scale, market share, and profitability [14] - The company primarily engages in the mining, washing, and sales of vanadium-titanium magnetite [14] Group 7 - Huylv Ecological is planning a major asset restructuring, with stock suspension effective from July 22, 2025 [13] - The restructuring involves issuing shares and cash to acquire 49% equity of Wuhan Junheng Technology [13] - The company specializes in landscape engineering construction and design [13] Group 8 - ST Xifa is planning to acquire the remaining 50% equity of Lhasa Beer for cash, which will lead to full control of the company [26] - The transaction is in the planning stage and is expected to constitute a major asset restructuring [26] - The company is involved in the production and sales of beer [26]

Group 1 - The "Implementation Rules for Cross-Border Asset Management Pilot Business in Hainan Free Trade Port" have been released, supporting foreign investors to invest in various financial products issued by financial institutions in Hainan [1] - The "Housing Leasing Regulations" will take effect on September 15, 2025, emphasizing a combination of market-driven and government-guided approaches to increase rental housing supply [1] - Dongfang Precision announced a strategic cooperation agreement with Leju (Shenzhen) Robot Technology Co., focusing on embodied intelligent robots in production, scene expansion, and business promotion [1] - Dongfang Fortune announced that shareholder Shen Yougen's preliminary transfer price for shares is set at 21.66 yuan per share, representing a 7.24% discount from the closing price, with 17 institutional investors as preliminary buyers [1] - Chengdu Xian Dao announced that most of its self-developed new drug projects are in various stages of preclinical development, indicating significant uncertainty in development [1] - Fuxin Technology announced that its MicroTEC products for 400G/800G high-speed optical modules have passed product verification from a leading company in the communications field and have achieved mass supply [1] - BYD announced a proposed dividend of 39.74 yuan (including tax) per share for the 2024 annual report, along with a stock bonus of 8 shares and a capital increase of 12 shares, with the A-share equity registration date set for July 28, 2025 [1] Group 2 - Liangpinpuzi announced that Guangzhou Light Industry is suing the company's controlling shareholder to continue transferring 79.76 million shares at 12.42 yuan per share [2] - Haitan Ruisheng announced a projected net profit increase of 607%-961% for the first half of the year; China Electric Power Construction announced new contract amounts of 686.699 billion yuan for January to June, a year-on-year increase of 5.83% [2] - Shenghong Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange [2] - Youfang Technology announced plans to sign a 4 billion yuan server procurement contract to develop cloud computing services [2] - Huilv Ecology announced plans to acquire 49% equity in Wuhan Junheng, with trading suspended from July 22; ST Xifa announced plans for a cash acquisition of 50% equity in Lhasa Beer held by Carlsberg, expected to constitute a major asset restructuring [2]

Macro News - The State Council of China has announced the "Housing Rental Regulations," effective from September 15, 2025, which stipulates that landlords must specify the deposit amount, refund time, and conditions for deduction in rental contracts [5][6] - The Ministry of Foreign Affairs confirmed that a Wells Fargo executive has been prohibited from leaving China due to involvement in a criminal case, and she is required to cooperate with the investigation [5] Industry News - The implementation details for the cross-border asset management pilot in Hainan Free Trade Port have been released, allowing foreign investors to invest in various financial products issued by financial institutions in Hainan [8] - Guangdong and Anhui provinces are taking steps to enhance product quality management and optimize payment processes in the new energy vehicle industry, with commitments from major automakers to limit supplier payment terms to no more than 60 days [8] - JD.com has led investments in three robotics companies, indicating a trend among major tech firms like Meituan, Alibaba, and Tencent to accelerate their investments in embodied intelligence [8] - The food delivery sector is experiencing a new round of subsidy wars, which, while beneficial to consumers in the short term, may pose long-term risks to the industry's health [9] - Chengdu's housing and urban-rural development bureau has issued measures to promote stable and healthy development in the real estate market, covering 17 initiatives [11] - Hangzhou's Science and Technology Bureau is seeking opinions on a plan to increase technology innovation investment to 300 billion yuan by 2027, with R&D spending exceeding 100 billion yuan [11] Company News - Dongfang Fortune announced that shareholder Shen Yougen has set a preliminary transfer price of 21.66 yuan per share [13] - Fuxin Technology reported that its MicroTEC products for 400G/800G high-speed optical modules have entered mass production [14] - Yanghe Distillery has elected Gu Yu as the new chairman [14] - Haitai Ruisheng expects a net profit increase of 607%-961% year-on-year for the first half of the year [15] - Dongcai Technology's chairman plans to reduce his stake by no more than 0.43% [16] - Gaode Infrared signed contracts worth 685 million yuan for domestic procurement of complete equipment systems and a specific model of optical systems [16] - China Power Construction announced new contracts worth 686.7 billion yuan in the first half of the year, a year-on-year increase of 5.83% [17] - Anning Co. has released a draft for a major asset purchase plan, intending to invest 6.5 billion yuan for restructuring [18] - ST Suwu announced that its subsidiary Regen has requested the cancellation of exclusive distribution rights for a product in mainland China [18] - Liangpinpuzi is suing its controlling shareholder for the transfer of 79.76 million shares at 12.42 yuan per share [19] - Shenghong Technology is planning to issue H-shares overseas and list on the Hong Kong Stock Exchange [19] - BYD announced a proposed stock dividend of 10 for 8 and a 12-for-10 share conversion, with the A-share registration date set for July 28, 2025 [19] - Dongfang Precision Engineering has signed a strategic cooperation agreement with Leju Robotics [20] - Jiangte Electric has announced plans for a change in control, leading to a stock suspension [21] - Youfang Technology intends to sign a 4 billion yuan server procurement contract for cloud computing services [21] - Galaxy Electronics is facing criminal charges related to bribery involving its subsidiary [22]