Core Viewpoint - The company is forecasting a net loss for the first half of 2025, with expected losses ranging from 6 million to 9 million yuan, indicating a significant decline compared to the previous year's performance [1][2]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -6 million and -9 million yuan [2]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between -6.5 million and -9.5 million yuan [3]. Previous Year Comparison - In the same period last year, the net profit attributable to shareholders was 36.8263 million yuan, and the net profit after excluding non-recurring gains and losses was 32.9181 million yuan [4]. Earnings Per Share - The earnings per share for the previous year was reported at 0.101 yuan [5]. Reasons for Expected Loss - The company's revenue and profitability from its plastic and textile machinery businesses are expected to remain stable in the first half of 2025. However, the lithium battery new materials business has not shown significant improvement and remains unprofitable [6]. - The textile business, which constitutes a significant portion of the company's revenue, saw a recovery in product prices and gross margins starting mid-June 2025, but overall pricing and margins in the second quarter remained low, contributing to the anticipated losses [6].

[Zhejiang Jinying Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=%E6%B5%99%E6%B1%9F%E9%87%91%E9%B9%B0%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) The company expects to turn from profit to loss in H1 2025, primarily due to its textile business [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company projects a net loss for H1 2025, with both reported and adjusted net profits anticipated negative 2025 Semi-Annual Performance Forecast | Metric | Projected Amount (CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -6 million to -9 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -6.5 million to -9.5 million | [Operating Performance and Financial Status in the Same Period Last Year](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) In the first half of 2024, the company reported positive net profit and earnings per share 2024 Semi-Annual Performance Review | Metric | Amount (CNY) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 36.8263 million | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 32.9181 million | | Earnings Per Share | 0.101 | [Primary Reasons for Current Period's Expected Loss](index=1&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The expected loss stems from the underperforming textile business, with other segments stable or unprofitable - The primary reason for the loss in the first half of 2025 is the high-proportion textile business, whose product prices and gross margins remained **low** overall in the second quarter[9](index=9&type=chunk) - Revenue and profitability of the plastic machinery and textile machinery businesses remained largely **stable**[9](index=9&type=chunk) - The lithium battery new materials business showed no significant change compared to the same period last year and has not yet achieved **profitability**[9](index=9&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) This performance forecast is a preliminary, unaudited financial assessment, subject to uncertainty - This performance forecast is a preliminary calculation by the company's financial department and has not yet been audited by a certified public accountant[10](index=10&type=chunk) [Other Explanatory Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) Preliminary forecast data are disclosed; final accurate financial data will be in the official semi-annual report - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of investment risks[11](index=11&type=chunk)

Group 1: Cash and Cash Flow - The company reported a cash balance of 278 million yuan at the end of the period, with restricted cash amounting to 56.76 million yuan, primarily for pledged deposits [1][2] - The interest income for the period was 664,000 yuan, representing 0.24% of the cash balance, indicating a low yield on cash [1][2] - The average interest rate for cash deposits was 0.29% for the year, with a significant impact from the fluctuations in deposit rates [4][5] Group 2: Inventory - The company's inventory value at the end of the period was 701 million yuan, accounting for 38.80% of total assets, reflecting a year-on-year increase of 17.17% [6][10] - The company recognized inventory impairment losses of 41.65 million yuan, a substantial increase from 1.98 million yuan in the previous year, which was a major factor in the decline of the company's performance [6][10] - The inventory turnover days increased from 188 days in 2023 to 219 days in 2024, primarily due to reduced sales in the fourth quarter to mitigate losses from declining product prices [13][15] Group 3: Business Segments - The textile segment, primarily focused on linen textiles, saw a significant increase in inventory, with a year-end balance of 469.99 million yuan, up from 332.12 million yuan in 2023, reflecting a 97.35% change [10][15] - The machinery segment, including textile machinery and injection molding machines, experienced a decline in inventory value, with a total of 117.57 million yuan, down from 135.14 million yuan, a decrease of 5.60% [10][15] - The company maintains a stable customer base in the linen textile industry, with a high market share, which supports its inventory levels [10][11]

Core Viewpoint - Zhejiang Jinying Co., Ltd. received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, focusing on issues related to cash funds and inventory management [1][2]. Group 1: Cash Funds - The company reported a cash balance of 278 million yuan at the end of the period, with restricted cash amounting to 56.76 million yuan, primarily for pledged deposits [1]. - The interest income for the period was 664,000 yuan, representing 0.24% of the cash balance, indicating a low yield on funds [1]. - The company provided detailed disclosures on cash fund storage, including amounts, account types, interest rates, and restrictions [2][3]. Group 2: Inventory Management - The company’s inventory at the end of the period was valued at 701 million yuan, accounting for 38.80% of total assets, with a year-on-year increase of 17.17% [6]. - The company recognized inventory impairment losses of 41.65 million yuan, significantly higher than the previous year's 1.98 million yuan, which was a major factor in the decline of the company's performance [6]. - The company provided a breakdown of inventory by business segment, detailing types, quantities, aging, and impairment provisions [8][9]. Group 3: Inventory Turnover and Market Conditions - The average inventory turnover days increased from 188 days in 2023 to 219 days in 2024, primarily due to a slowdown in sales and increased inventory levels in the textile segment [13][14]. - The company’s inventory growth is justified by its sales scale and the need to maintain sufficient raw materials for production, given the long procurement times for imported materials [14][15]. - The company has stable long-term relationships with major customers, with an order backlog of 193 million yuan at the end of 2024 [15].

Core Viewpoint - Jin Ying Co., Ltd. (600232.SH) reported a decline in revenue and net profit for 2024, alongside a low yield on cash assets, prompting regulatory inquiries regarding potential restrictions on cash funds [6][2]. Financial Performance - In 2024, Jin Ying Co. achieved operating revenue of 1.308 billion yuan, a year-on-year decrease of 4.52% [6]. - The net profit attributable to shareholders was 22.3548 million yuan, down 36.73% compared to the previous year [6]. - For the first quarter of 2025, the company reported operating revenue of 251 million yuan, reflecting a year-on-year growth of 7.2%, but a net loss of 4.1705 million yuan [7]. Cash Management - As of the end of the reporting period, the company had cash and cash equivalents of 278 million yuan, with restricted cash amounting to 56.76 million yuan, primarily for pledged guarantees [2]. - The average cash balance for 2024 was reported at 231.805 million yuan, with most funds held in demand deposits [3]. - The interest income for the period was 664,000 yuan, representing only 0.24% of the cash balance, indicating a low yield on cash assets [2][3]. Regulatory Inquiry - Jin Ying Co. was required to self-examine and clarify whether there were any other potential restrictions on cash funds, including whether pledged cash was used to guarantee the controlling shareholder or other related parties [3][4]. - The company confirmed that there were no other potential restrictions on cash funds and that no cash was pledged for guarantees or used by other parties [4]. Business Overview - Jin Ying Co. primarily engages in the research, development, manufacturing, and sales of complete sets of machinery for hemp, wool, and silk textiles [5].

目 录 | 二、关于存货………………………………………………………第 5—13 页 | | --- | | 关于货币资金………………………………………………… 第 1—4 页 一、 三、关于收入与现金流………………………………………… 第 14—20 页 | 问询函专项说明 天健函〔2025〕724 号 上海证券交易所： 由浙江金鹰股份有限公司（以下简称金鹰股份公司或公司）转来的《关于浙 江金鹰股份有限公司 2024 年年度报告的信息披露监管问询函》（上证公函〔2025〕 0848 号，以下简称问询函）奉悉。我们已对问询函中需要我们说明的财务事项 进行了审慎核查，现汇报说明如下。 一、关于货币资金 年报披露，公司期末货币资金 2.78 亿元，其中受限货币资金 5676 万元， 主要为质押保证金。公司本期利息收入 66.40 万元，占期末货币资金余额比例 为 0.24%，资金收益率较低。 请公司：（1）补充披露主要货币资金存放情况，包括存放机构、金额、账 户性质、利率、受限情况等，并逐项列示受限资金的具体情况，包括受限金额、 受限期限、对应业务背景等；（2）结合月度日均货币资金规模、利率水平，分 析说明利息收入 ...

证券代码：600232 证券简称：金鹰股份 公告编号：2025-022 浙江金鹰股份有限公司 关于 2024 年年度报告的信息披露监管问询函的回复公告 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个别及连带责任。 浙江金鹰股份有限公司（以下简称"公司"）于 2025 年 6 月 16 日收到上海 证券交易所《关于浙江金鹰股份有限公司 2024 年年度报告的信息披露监管问询 函》（上证公函【2025】0848 号）（以下简称《问询函》）。公司高度重视， 会同年审会计师天健会计师事务所（特殊普通合伙）（以下简称"年审会计师"） 对《问询函》提及的事项逐项认真核实，现将有关问题回复如下： 一、关于货币资金 年报披露，公司期末货币资金 2.78 亿元，其中受限货币资金 5676 万元， 主要为质押保证金。公司本期利息收入 66.40 万元，占期末货币资金余额比例 为 0.24%，资金收益率较低。 请公司：（1）补充披露主要货币资金存放情况，包括存放机构、金额、账 户性质、利率、受限情况等，并逐项列示受限资金的具体情况，包括受限金额、 受限期限 ...

Core Insights - The textile fiber fabric industry is crucial for manufacturing fabrics and garments, divided into natural fiber fabrics and chemical fiber fabrics [3][5] - In 2024, China's cotton textile industry is projected to generate revenue of 1,141.86 billion yuan, accounting for 61.40% of the textile industry, while the chemical textile industry is expected to generate 247.88 billion yuan, representing 13.33% [6][8] - The development of the textile fabric industry is increasingly focused on functionality and environmental sustainability, with the application of new fibers and technologies expanding [22] Industry Definition and Classification - Textile fiber fabrics are elongated materials used for making fabrics and garments, categorized into natural fiber fabrics and chemical fiber fabrics [3] - Natural fibers are favored for their environmental friendliness and comfort, while chemical fibers are essential for their strength and durability [3] Current Development Status - The textile industry has evolved significantly since the Neolithic era, reflecting advancements in technology, art, culture, and economy [5] - The industrial revolution greatly enhanced production efficiency and quality, with cotton becoming a key textile raw material [5] - The 21st century presents new challenges and opportunities, emphasizing sustainable practices and the emergence of innovative materials like nanofibers and smart textiles [5] Industry Chain Structure - The textile fabric industry chain consists of upstream natural fibers (cotton, linen, silk, wool) and chemical fibers (polyester, nylon), midstream fabric production, and downstream applications in clothing, home textiles, and industrial textiles [10] Market Size and Growth - The market size for industrial textiles in China is projected to reach 332.44 billion yuan in 2024, with total industry output valued at 597.74 billion yuan [14] - The silk industry is expected to generate approximately 76.59 billion yuan in revenue in 2024, with a year-on-year growth of 5.75% [12] Competitive Landscape - The textile fabric industry in China is characterized by a diverse and fragmented competitive landscape, with key players including Zhejiang Xin'ao Textile Co., Ltd., Hengli Petrochemical Co., Ltd., and others [16] - Major companies are focusing on product innovation and sustainability, with significant investments in technology and brand development [18] Future Trends - The development of textile fabrics is increasingly influenced by new materials and technologies, emphasizing diversification, functionality, lightweight, and environmental sustainability [22] - The industry is expected to continue evolving to meet consumer demands for high-quality, eco-friendly products [22]

证券代码：600232 证券简称：金鹰股份 公告编号：2025-021 浙江金鹰股份有限公司 股票交易异常波动公告 经公司自查，并向公司控股股东浙江金鹰集团有限公司（以下简称"金 鹰集团"）、实际控制人傅国定先生核实，确认不存在应披露而未披露的重大信 息。 一、股票交易异常波动的具体情况 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个别及连带责任。 重要内容提示： 浙江金鹰股份有限公司（以下简称"公司"）股票于 2025 年 6 月 16 日、 6 月 17 日、6 月 18 日连续三个交易日内日收盘价格跌幅偏离值累计超过 20%， 属于股票交易异常波动情形。 公司股票交易在 2025 年 6 月 16 日、6 月 17 日、6 月 18 日连续三个交 易日内日收盘价格跌幅偏离值累计超过 20%，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 针对股票交易异常波动，公司对有关事项进行了核查，具体情况核实如下： （一）生产经营情况 经向管理层核实，公司日常经营情况未发生重大变化，公司主营业务及所处 的市场环境、行业政策未发生重 ...

截至目前,作为贵公司的控股股东及实际控制人,不存在影响上 市公司股票交易异常波动的重大事项:不存在其他应披露而未披露的 重大信息,包括但不限于重大资产重组、股份发行、重大交易类事项、 业务重组、股份回购、股权激励、破产重整、重大业务合作、引进战 略投资者等重大事项。 特此复函。 实际控制人: 傅国定(签字) 7 控股股东: 浙江金鹰集 阳. ∞ 5年 6月18日 关于公司股票交易异常波动问询函的复函 浙江金鹰股份有限公司董事会: 贵公司《关于公司股票交易异常波动问询函》已收悉,现回复如 下： ...