Core Points - Company *ST Ningke (600165)* has announced a total debt of 2.268 billion, with overdue debts amounting to 1.81 billion and litigated debts totaling 1.38 billion [1] - The company is facing severe liquidity issues, lacking sufficient funds and current assets to meet its debt obligations, which raises concerns about its ability to continue operations [2] - The company has been placed under a restructuring process by the Shizuishan Intermediate People's Court, which has appointed a temporary administrator [3] Debt Situation - Total debt stands at 2.268 billion, with overdue debts of 1.81 billion and litigated debts of 1.38 billion [1] - The company has a total of 245.427 million involved in litigation due to collective lawsuits from investors regarding false securities statements, with total litigation costs reaching 332.713 million, accounting for 46.34% of the latest audited net assets [2] Restructuring and Legal Proceedings - The restructuring application has been accepted by the court, and the debt claim period has been extended to October 31, 2025, to accommodate the actual progress of creditor claims [2] - The company’s stock has been placed under delisting risk warning, changing its name to "*ST Ningke" and remaining on the risk warning board with a daily price fluctuation limit of 5% [3] - The court has recognized the company’s inability to repay debts and its potential for restructuring, but there is a risk of bankruptcy if the restructuring fails [3]

证券代码：600165 股票简称：*ST 宁科 公告编号：临 2025-107 管理人已于 2025 年 9 月 18 日发布债权申报公告，债权申报期原定于 2025 年 10 月 16 日（含当日）截止，现考虑到债权人实际申报进展及项目情况，将债 权申报期延长至 2025 年 10 月 31 日。具体内容如下： ● 公司进入重整程序，可能存在因重整失败而被宣告破产的风险。如法院 最终裁定公司重整不成功，公司将存在被法院宣告破产的风险。如果公司被宣 告破产，公司将被实施破产清算，根据《上海证券交易所股票上市规则》第 9.4.15 条的规定，公司股票将面临被终止上市的风险。 ● 宁夏中科生物新材料有限公司（以下简称：中科新材）进入重整程序， 重整能否成功存在不确定性，如法院最终裁定中科新材重整不成功，将存在被 法院宣告破产的风险，公司将可能失去对中科新材的控制权，存在失去对子公 司的持股的风险，届时公司将无法再将中科新材纳入合并报表，对公司资产、 本期及期后利润产生一定的影响。 ● 石嘴山中院决定对宁夏新日恒力国际贸易有限公司（以下简称：恒力国 贸）启动预重整，尚不代表恒力国贸正式进入重整程序。恒力国贸的重整申 ...

证券代码：600165 股票简称：*ST 宁科 公告编号：临 2025-106 宁夏中科生物科技股份有限公司 关于新增及累计诉讼情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容及风险提示： ● 截至本公告披露日，宁夏中科生物科技股份有限公司（以下简称：公司 或宁科生物）整体债务规模为 22.68 亿元、其中逾期债务总规模为 18.10 亿元， 涉诉债务规模为 13.80 亿元，除子公司宁夏华辉环保科技股份有限公司（以下简 称：华辉环保）及其全资子公司宁夏天福活性炭有限公司（以下简称：宁夏天 福）的银行账户外，公司及宁夏新日恒力国际贸易有限公司（以下简称：恒力 国贸）大部分银行账户被冻结。虽宁夏中科生物新材料有限公司（以下简称： 中科新材）银行账户已全部解冻，但公司目前严重缺乏用于偿债的资金和流动 资产，结合目前债务风险巨大的情况，公司持续经营能力面临严重的负面影响， 不能清偿到期债务且明显缺乏清偿能力，具备破产原因。 ● 案件所处的诉讼阶段：公司及子公司最近 12 个月内累计涉及诉讼案件 所处的阶段分别为审 ...

证券代码：600165 股票简称：*ST 宁科 公告编号：临 2025-105 宁夏中科生物科技股份有限公司 关于控股股东股份将被第二次司法拍卖的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 截至本公告披露日，上海中能企业发展（集团）有限公司（以下简称： 上海中能）持有宁夏中科生物科技股份有限公司（以下简称：公司）股份 200,000,000 股，占公司总股本的 29.20%。上海中能质押股份数为 200,000,000 股，且已被冻结，占其持有公司股份总数的 100%。 ● 上海中能将被第二次司法拍卖的股份数量为 200,000,000 股，占其持有公 司股份总数的 100%，占公司总股本的 29.20%。 ● 第二次司法拍卖尚处于公示阶段，后续涉及竞拍、缴款、股权变更过户 等环节，拍卖的结果具有不确定性。若第二次司法拍卖成功，上海中能将不再 持有公司股份，公司控股股东及实际控制人将发生变化，从而对公司股权结构、 生产经营、公司治理产生重大影响。 ● 根据《上海证券交易所上市公司自律监管指引 ...

New Stock Listings - New stock "Aomeisen" (920080) listed at an issue price of 8.25 on October 10, 2025[1] - "Shangwei New Materials" (688585) has a tender offer period from September 29 to October 28, 2025[1] Delisting and Trading Alerts - "Zitian Tui" (300280) is in the delisting arrangement period with only 1 trading day remaining[1] - "Pinming Technology" (688109) is experiencing severe abnormal fluctuations[1] Market Updates - Multiple companies including "Kesi Technology" (688788) and "Bory Medical" (688166) have recent announcements related to trading activities[1] - "Ganfeng Lithium" (002460) and "Luoyang Molybdenum" (603993) have also made recent disclosures[1] Additional Information - A total of 30 companies have been highlighted for various trading activities and announcements on October 10, 2025[1] - Links to detailed announcements for each company are provided for further insights[1]

证券代码：600165 股票简称：*ST 宁科 公告编号：临 2025-104 宁夏中科生物科技股份有限公司 关于控股股东股份被司法拍卖的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 截至本公告披露日，上海中能企业发展（集团）有限公司（以下简称： 上海中能）持有宁夏中科生物科技股份有限公司（以下简称：公司）股份 200,000,000 股，占公司总股本的 29.20%。上海中能质押股份数为 200,000,000 股，且已被冻结，占其持有公司股份总数的 100%。 公司于 2025 年 8 月 26 日披露了《关于控股股东股份将被司法拍卖的提示性 公告》（公告编号：临 2025-090），广东省广州市中级人民法院根据《执行裁定书》 （2025）粤 01 执 3369 号，将于 2025 年 9 月 29 日 14 时至 2025 年 9 月 30 日 14 时止（延时除外）在京东网络司法拍卖平台上拍卖、变卖上海中能持有的公司股 份 200,000,000 股无限售流通股股票。 1 公司于 202 ...

证券代码：600165 股票简称：*ST 宁科 公告编号：临 2025-103 宁夏中科生物科技股份有限公司 关于公司重整启动债权申报的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容及风险提示： ● 宁夏中科生物科技股份有限公司（以下简称：公司或宁科生物）于 2025 年 9 月 17 日收到宁夏回族自治区石嘴山市中级人民法院（以下简称：石嘴山中 院）送达的（2024）宁 02 破申 2 号《民事裁定书》及（2025）宁 02 破 2 号《决 定书》，裁定受理公司重整，并指定公司临时管理人担任公司管理人，具体内容 详见公司于 2025 年 9 月 18 日披露的《关于法院受理公司重整并指定管理人的 公告》（公告编号：临 2025-100）。 ● 公司进入重整程序，可能存在因重整失败而被宣告破产的风险。如法院 最终裁定公司重整不成功，公司将存在被法院宣告破产的风险。如果公司被宣 告破产，公司将被实施破产清算，根据《上海证券交易所股票上市规则》第 9.4.15 条的规定，公司股票将面临被终止上市的风险。 ● 宁夏中 ...

Market Overview - On September 19, the chemical products sector rose by 0.51% compared to the previous trading day, with Xin Kai Yuan leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Top Performers - Xin Kai Yuan (300109) closed at 19.24, up 12.32% with a trading volume of 413,400 shares and a transaction value of 762 million [1] - Hanwei Technology (836957) closed at 17.98, up 11.82% with a trading volume of 89,000 shares [1] - Huarsoft Technology (002453) closed at 6.66, up 10.08% with a trading volume of 621,000 shares and a transaction value of 404 million [1] - Kaimete Gas (002549) closed at 20.76, up 10.02% with a trading volume of 1,374,100 shares and a transaction value of 2.752 billion [1] - Guangdong Hongda (002683) closed at 44.87, up 7.76% with a trading volume of 302,100 shares [1] Underperformers - Jihua Group (603980) closed at 5.78, down 7.07% with a trading volume of 896,300 shares and a transaction value of 530 million [2] - Fuxian Technology (688350) closed at 23.28, down 5.06% with a trading volume of 56,500 shares [2] - Lushan New Materials (603051) closed at 23.76, down 4.00% with a trading volume of 107,100 shares [2] Capital Flow - The chemical products sector saw a net inflow of 426 million from main funds, while retail funds experienced a net outflow of 108 million [2] - Main funds showed significant net inflows in Kaimete Gas (5.86 billion) and Huarsoft Technology (1.72 billion) [3] - Retail funds had notable outflows in Huarsoft Technology (1.03 billion) and Kaimete Gas (2.55 billion) [3]

Group 1 - Dagan Holdings' shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 9.52 million shares [1] - China Resources Sanjiu intends to invest up to 10 billion yuan of its own funds in bank wealth management products, with a rolling investment strategy [1] - Xinyu Guoke's shareholder plans to reduce holdings by up to 1% of the company's shares, totaling approximately 276.76 thousand shares [3] Group 2 - Tianpu Co. has completed the stock trading suspension review and will resume trading after a period of abnormal price fluctuations [5] - Xinhang New Materials' controlling shareholder plans to reduce holdings by up to 2% of the company's shares, totaling approximately 174.88 thousand shares [6] - Yinbang Co.'s shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 24.66 million shares [7] Group 3 - Yuanfei Pet's shareholders plan to collectively reduce holdings by up to 3.48% of the company's shares, totaling approximately 565.14 thousand shares [7] - Changchun High-tech's subsidiary will gain exclusive agency rights for three products in mainland China [9] - Hanyi Co.'s controlling shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 294 thousand shares [10] Group 4 - Zhongcai Energy's subsidiary signed a total contract worth 347 million yuan for a project in Hubei Province [11] - Ruifeng Bank's shareholder reduced holdings by 408.83 thousand shares, decreasing their ownership from 6.10% to 5.89% [12] - Shanghai Construction's gold business revenue is low, accounting for less than 0.5% of total revenue [13] Group 5 - Guanggang Gas's shareholder plans to reduce holdings by up to 2.63 million shares, approximately 1.9994% of the company's total shares [14] - Kairun Co.'s controlling shareholder has decided to terminate the share reduction plan early [15] - Boyun New Materials' shareholder plans to reduce holdings by up to 1% of the company's shares, totaling approximately 573 thousand shares [16] Group 6 - Yuanda Environmental's acquisition of assets and fundraising has been approved by the Shanghai Stock Exchange [17] - ST Ningke's stock will be subject to delisting risk warning due to the company's restructuring [18] - Anke Biotech's investee company has received approval for a key II phase clinical trial for a new injection [19] Group 7 - Shuanglu Pharmaceutical's director plans to reduce holdings by up to 37.52 thousand shares, approximately 0.0365% of the company's total shares [20] - Zhongji Xuchuang's specific shareholder's holding ratio changed by more than 1% [21] - ST Nanzhi plans to sell real estate development and leasing business assets for 1 yuan to focus on urban operation [22]

Macro News - The U.S. Treasury reported that from January to August, the national general public budget revenue reached 14,819.8 billion yuan, a year-on-year increase of 0.3% [2] - The securities transaction stamp duty for the same period was 118.7 billion yuan, showing a significant year-on-year increase of 81.7% [2] - In August, the securities transaction stamp duty increased by 226% year-on-year and 66% month-on-month [2] Industry News - The Ministry of Industry and Information Technology is soliciting opinions on the mandatory national standard for "Intelligent Connected Vehicles Combination Driving Assistance System Safety Requirements," which includes features for detecting driver disengagement [3] - The total A-share trading volume for the year has reached 280 trillion yuan, a 109% increase compared to the same period last year [3] - The average daily trading volume in A-shares is 16.1 trillion yuan, up 107% year-on-year [3] - The China Nonferrous Metals Industry Association reported that the transaction price range for multi-crystalline silicon n-type raw materials is 51,000 to 55,000 yuan per ton, with an average transaction price of 53,200 yuan per ton, reflecting an 8.57% increase [4] Company News - Tianpu Co. announced that there is uncertainty regarding the change of control, and its stock will resume trading on September 18 [11] - Hengrui Medicine announced that its application for a new indication for the injection of Rukang Qumizhuo monoclonal antibody for breast cancer patients has been accepted and prioritized for review [11] - China Ping An announced the completion of its long-term service plan for stock purchases for the year 2025 [11] - Top Group announced that its actual controller and vice chairman has terminated the share reduction plan ahead of schedule [11] - Huazhu Group announced a planned investment of no more than 10 billion yuan in bank wealth management products [11]