证券代码：600265 证券简称：ST 景谷 公告编号：2025-070 云南景谷林业股份有限公司 关于控股子公司涉及诉讼事项的公告 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。 重要内容提示： ●案件所处的诉讼阶段：法院已立案受理，尚未开庭。 ●当事人所处的地位：云南景谷林业股份有限公司（以下简称"公司"）控 股子公司唐县汇银木业有限公司（以下简称"汇银木业"）、汇银木业原实际控 制人崔会军、王兰存为被告。 ●涉案金额：汇银木业本次收到的河北省唐县人民法院（以下简称"唐县法 院"）送达的三份《民事起诉状》《应诉通知书》等相关法律文书涉三起案件， 合计涉案金额包括本金 1,257.65 万元及相应利息。 ●是否会对上市公司损益产生负面影响：本次诉讼案件尚未开庭审理，诉讼 的结果尚存在不确定性，对公司本期利润及期后利润的影响具有不确定性，最终 影响以法院判决为准。 ●截至本公告日，公司控股子公司汇银木业涉及财产保全及诉讼事项累计 15 项，涉案金额合计约为 10,772.42 万元（诉讼本金，不包括相应利息，最终以 收到的立案 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000592 | 平潭发展 | 3.32 | 3.11% | 275.54万 | 9.07 Z | | 600265 | ST景谷 | 23.30 | 2.55% | 1.38万 | 3201.24万 | | 000663 | 永安林业 | 7.00 | -0.28% | 9.36万 | 6580.41万 | | 002679 | 福建金森 | 10.22 | -0.49% | 15.47万 | 1.61亿 | 从资金流向上来看，当日林业板块主力资金净流出2504.54万元，游资资金净流出58.61万元，散户资金净 流入2563.16万元。林业板块个股资金流向见下表： 证券之星消息，8月22日林业板块较上一交易日上涨1.82%，平潭发展领涨。当日上证指数报收于 3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。林业板块个股涨跌见下表： | 代码 | 名称 ｜主力净流入（元） | | | | 主力净占比 游资净流入 (元 ...

Core Viewpoint - The company is facing significant operational and financial challenges due to legal issues affecting its major subsidiary, which has halted production and may lead to substantial revenue declines [1][2][3] Market Trading Risks - The company's stock price has experienced significant volatility, with a cumulative price increase exceeding 12% over three consecutive trading days, triggering abnormal fluctuation standards [1] - The stock reached its daily limit up on multiple occasions, indicating potential short-term risks of price correction [1] Major Asset Restructuring Risks - The company is in the preliminary stages of planning a major asset sale, which could drastically reduce its main business scale, as the subsidiary's revenue accounted for 87.02% of the company's audited revenue for the previous year [2] - The asset sale is still under discussion and has not yet resulted in a formal agreement, leading to significant uncertainty regarding the transaction [2] Legal and Financial Risks - The subsidiary is involved in 12 legal cases with a total claim amount of approximately 95.15 million yuan, which poses a risk to the company's net assets [2][3] - The subsidiary's production lines are currently shut down due to court-ordered asset preservation measures, leading to a halt in normal operations and a significant drop in sales revenue [3] Inventory Loss Risks - The subsidiary reported an inventory loss of approximately 19 million yuan due to unauthorized sales by a board member, which may result in a loss of about 9.69 million yuan attributable to the parent company [3] - The ongoing investigation by law enforcement may further complicate the recovery of lost assets [3] Financial Performance Risks - The company anticipates a substantial decline in its half-year financial performance, projecting a net loss of between 130 million yuan and 100.3 million yuan [3] - The company has faced negative net profits for three consecutive years, raising concerns about its ability to continue as a going concern [4]

Group 1: Mergers and Acquisitions Overview - During the period from August 15 to August 21, 2025, three listed companies announced new mergers and acquisitions: Zhenyang Development, Tongye Technology, and ST Jinggu, involving three M&A events across the basic chemicals, machinery equipment, and agriculture, forestry, animal husbandry, and fishery industries [1][9]. Group 2: Zhenyang Development - Zhenyang Development primarily engages in the research, production, and sales of chlor-alkali related products, with core products including chlor-alkali products, MIBK products, and PVC products. The chlor-alkali products are widely used in agriculture, electricity, petrochemicals, pharmaceuticals, metallurgy, new energy materials, light industry, textiles, and dyeing [2][10]. - In 2024, Zhenyang Development achieved a main business revenue of 2.898 billion yuan, representing a year-on-year growth of 37.06%, primarily driven by the production and sales of PVC products [2][10]. - The company is undergoing a stock swap merger with Zhejiang Huhangyong Expressway Co., Ltd., which plans to issue A-shares to Zhenyang Development's shareholders [2][10]. Group 3: Tongye Technology - Established in 2000, Tongye Technology specializes in the rail transit industry, with three core product lines: power products, intelligent control products, and motors and fans, covering various rail transit scenarios such as locomotives, subways, and high-speed trains [3][11]. - The company has a nationwide after-sales service network, providing regular maintenance and repair services to ensure the normal operation of equipment. It serves domestic clients like China Railway Corporation and China CRRC, while also exporting products to countries including Kazakhstan, Uzbekistan, Belarus, and South Africa [3][11]. - Tongye Technology plans to acquire 100% of Beijing Silingke Semiconductor Technology Co., Ltd. through a cash payment, aiming to enhance its overall layout and expand its scale and operational performance [3][11]. Group 4: ST Jinggu - ST Jinggu is primarily engaged in the manufacturing of engineered wood products, chemical products from forest resources, and forestry operations. Its engineered wood products include plywood, fiberboard, particleboard, and veneer, widely used in furniture manufacturing and construction [4][12]. - The company operates through self-procurement, production, and sales, utilizing both direct sales and distribution channels to meet diverse customer needs. Its forestry operations focus on land resource management through cooperative afforestation, timber harvesting, and sales [4][12]. - ST Jinggu plans to transfer 51% of its stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., in a cash transaction, aiming to divest underperforming assets and optimize its asset structure [4][12].

证券代码：600265 证券简称：ST 景谷 公告编号：2025-069 交易尚处于初步筹划阶段，交易方案仍在进一步论证和沟通中，相关交易事项 存在重大不确定性。 由于汇银木业 2024 年度收入占公司同期经审计营业收入的 87.02%，本次 出售完成后，公司主营业务规模将急剧下降，可能触发《上海证券交易所股票 上市规则》中关于"营业收入低于 3 亿元且净利润为负"的退市风险警示指标。 三、控股子公司民间借贷涉及多项财产保全及诉讼事项的风险 云南景谷林业股份有限公司 股票交易风险提示公告 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。 云南景谷林业股份有限公司（以下简称"公司"）近期股价波动较大，可能 存在市场情绪过热的情形。敬请广大投资者审慎理性决策，注意二级市场交易 风险。目前，因受到诉讼等相关事项影响，重要子公司唐县汇银木业有限公司 （以下简称"汇银木业"）已停工停产，无法预计复工复产时间，可能对公司经 营业绩存在较大影响。同时，根据公司 2025 年半年度业绩预告，预计公司 2025 年半年度经营业绩进一步下滑，持续经 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日林业板块主力资金净流入2.09亿元，游资资金净流出8061.41万元，散户资金净 流出1.28亿元。林业板块个股资金流向见下表： | 代码 | 名称 ｜主力净流入（元） | | | | 主力净占比 游资净流入 (元) 游资净占比 散户净流入 (元) 散户净占比 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 000592 平潭发展 | | 2.14亿 | 15.55% | -8043.98万 | -5.84% | -1.34 Z | -9.71% | | 600265 ST景谷 | | 419.45万 | 21.27% | -207.35万 | -10.51% | -212.10万 | -10.75% | | 000663 永安林业 | | -356.42万 | -8.78% | -78.75万 | -1.94% | 435.17万 | 10.72% | | 002679 福建金森 | | -566 ...

| 代码 | 名称 | 主力净流入 (元) | | | | 主力净占比 游资净流入（元） 游资净占比 散户净流入（元） 散户净占比 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 000663 永安林业 | | | 115.22万 | 2.59% | -314.79万 | -7.08% | 199.58万 | 4.49% | | 002679 | 福建金森 | | -14.56万 | -0.61% | 84.61万 | 3.54% | -70.05万 | -2.93% | | 600265 | ST景谷 | | -588.38万 | -13.61% | 226.98万 | 5.25% | 361.40万 | 8.36% | | 000592 平潭发展 | | | -924.10万 | -4.30% | -1051.34万 | -4.89% | 1975.44万 | 9.20% | 证券之星消息，8月20日林业板块较上一交易日上涨0.01%，福建金森领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926. ...

Core Viewpoint - ST Jinggu's stock price has experienced significant fluctuations due to the announcement of a major asset restructuring involving the sale of a 51% stake in Huayin Wood Industry, which is expected to have a substantial impact on the company's financial performance and risk profile [1][2]. Group 1: Company Performance and Financials - The sale of Huayin Wood Industry is seen as a positive move for ST Jinggu, allowing the company to shed a financial burden, despite the potential for a drastic reduction in revenue [1][2]. - In 2024, Huayin Wood Industry accounted for 87.02% of ST Jinggu's audited revenue, and the sale may trigger delisting risk if revenue falls below 300 million yuan and net profit is negative [1][2]. - Following the acquisition of Huayin Wood Industry in 2021 for 270 million yuan, ST Jinggu's revenue from the wood business surged by 872% to 551 million yuan in 2023, but the company faced a net profit loss of approximately 7.28 million yuan in 2024, marking a decline of about 1252.56% [2][5]. Group 2: Governance and Management Issues - There have been significant governance failures at ST Jinggu, including the misappropriation of assets by former executives of Huayin Wood Industry, leading to a loss of approximately 9.69 million yuan for the company [3][4]. - The company has been involved in multiple legal disputes, with claims totaling around 95.15 million yuan, which is equivalent to 100.05% of the company's net assets [4]. - ST Jinggu's management has been criticized for inadequate due diligence during the acquisition of Huayin Wood Industry, resulting in unforeseen liabilities and operational challenges [4]. Group 3: Market Conditions and Future Outlook - The wood industry is undergoing significant changes, with increasing competition and declining prices, which are expected to further impact ST Jinggu's performance [5][6]. - As of mid-2025, ST Jinggu is projected to report a net loss of between 1.05 billion yuan and 1.30 billion yuan, indicating continued financial struggles [6]. - The company's total liabilities have increased, with a debt-to-asset ratio of 73.48%, reflecting a challenging financial position compared to industry peers [5].

证券代码：600265 证券简称：ST 景谷 公告编号：2025-068 云南景谷林业股份有限公司 股票交易风险提示公告 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。 云南景谷林业股份有限公司（以下简称"公司"）股票于 2025 年 8 月 13 日、 8 月 14 日、8 月 15 日连续 3 个交易日内日收盘价格涨幅偏离值率累计超过 12%， 已触及《上海证券交易所交易规则》规定的异常波动标准。公司于 2025 年 8 月 16 日在上海证券交易所网站(www.sse.com.cn)披露了《股票交易异常波动公告》 (公告编号：2025-065)。 2025 年 8 月 18 日及 19 日，公司股价连续 2 日以涨停价收盘。目前，公司 因受到诉讼等相关事项影响，重要子公司唐县汇银木业有限公司（以下简称 "汇银木业"）已停工停产，无法预计复工复产时间，可能对公司经营业绩存 在较大影响。同时，根据公司 2025 年半年度业绩预告，预计公司 2025 年半年 度经营业绩进一步下滑，持续经营能力存在较大不确定性。目前，公司市净率 ...

证券之星消息，8月19日林业板块较上一交易日上涨1.88%，ST景谷领涨。当日上证指数报收于 3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。林业板块个股涨跌见下表： 从资金流向上来看，当日林业板块主力资金净流出257.25万元，游资资金净流出514.92万元，散户资金 净流入772.17万元。林业板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...