近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.08.18 | 5.02 | 0.64 | -176.63 | | 2025.08.15 | 4.95 | 1.40 | -53.77 | | 2025.08.14 | 4.00 | 2.23 | 202.01 | | 2025.08.13 | 5.00 | 0.44 | 190.71 | | 2025.08.12 | -3.17 | 1.45 | -862.05 | | 2025.08.11 | -4.87 | 1.21 | -739.48 | | 2025.08.08 | -0.74 | 0.28 | 37.74 | | 2025.08.07 | 2.59 | 0.65 | -62.33 | | 2025.08.06 | 0.54 | 0.21 | -29.02 | | 2025.08.05 | 0.00 | 0.23 | -78.48 | ST景谷再度涨停，5个交易日内录得3个涨停，累计涨幅为26.39%，累计换手率为4.89%。截至9:25， ...

Group 1 - The company's stock price experienced significant fluctuations, with a cumulative increase of over 12% in three consecutive trading days from August 13 to August 15, 2025, triggering abnormal trading standards as per the Shanghai Stock Exchange regulations [1] - On August 18, 2025, the company's stock closed at the daily limit price again, indicating continued volatility in the stock price [1] Group 2 - The company plans to sell a 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., or its designated affiliates, which is still in the planning stage and subject to further discussions and necessary approvals [2] - The sale of Huiyin Wood, which accounted for 87.02% of the company's audited revenue in 2024, may lead to a significant decline in the company's main business scale and could trigger delisting risk warnings if revenue falls below 300 million yuan and net profit is negative [2] Group 3 - The company's subsidiary, Huiyin Wood, is involved in 12 legal cases with a total amount of approximately 95.15 million yuan, which represents 100.05% of the company's latest audited net assets attributable to shareholders [3] - The main production assets of Huiyin Wood have been subjected to property preservation measures by the courts, leading to the suspension of its two production lines for fiberboard and particleboard, with no estimated time for resumption of operations [3] Group 4 - Huiyin Wood reported a loss of approximately 19 million yuan in inventory due to mismanagement by a former controlling shareholder, which may result in a loss of about 9.69 million yuan attributable to the listed company [4] - The company has initiated legal proceedings against the former shareholder for the recovery of the lost inventory and funds [4] Group 5 - The company anticipates a significant decline in its half-year performance for 2025, projecting a net loss attributable to shareholders of between 130 million yuan and 105 million yuan, with a net loss excluding non-recurring gains and losses between 100.3 million yuan and 68.7 million yuan [5] Group 6 - The company has been under other risk warnings since April 30, 2025, due to negative net profits for three consecutive fiscal years, raising concerns about its ability to continue as a going concern [6]

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，公司股价再次以涨停价收盘。鉴于股票价格近期波动较 大，敬请广大投资者审慎理性决策，注意二级市场交易风险。现对有关事项和 风险说明如下： 证券代码：600265 证券简称：ST 景谷 公告编号：2025-067 云南景谷林业股份有限公司 一、市场交易风险 二、公司拟出售资产涉及重大资产重组的风险 根据公司于 2025 年 8 月 16 日在上海证券交易所网站(www.sse.com.cn)披露 的《关于筹划出售资产涉及重大资产重组的提示性公告》（ ...

Core Viewpoint - ST Jinggu's stock price has experienced significant volatility, with a cumulative increase of over 12% in three consecutive trading days, followed by a trading halt on August 18, 2025 [1] Group 1: Stock Performance - The stock price of ST Jinggu has shown a substantial increase, with a cumulative rise of over 12% in three consecutive trading days [1] - The stock hit the trading limit again on August 18, 2025, indicating continued investor interest despite underlying risks [1] Group 2: Risk Factors - The company issued a risk warning regarding the potential for significant stock price fluctuations, suggesting that a short-term increase may be followed by a decline [1] - The planned sale of a 51% stake in Huiyin Wood Industry is still in the planning stage, introducing uncertainty and the possibility of triggering delisting warnings [1] - Huiyin Wood Industry is involved in 12 property preservation and litigation cases, with a total amount of approximately 95.15 million yuan at stake, which could impact the company's operations [1] - Two production lines at Huiyin Wood Industry are currently shut down, with no estimated time for resumption of operations [1] - The company faces a loss of approximately 19 million yuan in inventory write-offs, which may be difficult to recover [1] - The company's half-year performance for 2025 is expected to decline significantly [1] - Since April 30, 2025, the company has been under other risk warnings, and the situation has not improved [1]

证券之星消息，8月18日林业板块较上一交易日上涨1.8%，ST景谷领涨。当日上证指数报收于3728.03， 上涨0.85%。深证成指报收于11835.57，上涨1.73%。林业板块个股涨跌见下表： | 代码 | 名称 | | | | 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 | | 1419.70万 | 4.27% | -1754.82万 | -5.27% | 335.12万 | 1.01% | | 000663 永安林业 | | 322.22万 | 5.80% | 219.46万 | 3.95% | -541.68万 | -9.75% | | 002679 福建金森 | | 80.94万 | 1.93% | 53.46万 | 1.27% | -134.40万 | -3.21% | | 600265 ST景谷 | | -2.78万 | -0.16% | 22.97万 | 1.34% | -20.19万 | -1.17% | | 代码 | ...

Core Viewpoint - ST Jinggu intends to divest its 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to alleviate the burden of non-performing assets and improve its financial health [1][3]. Group 1: Asset Sale Details - The transaction will be conducted in cash, with an expected minimum price of 133 million yuan, subject to asset evaluation [3]. - The sale is part of a significant asset restructuring effort due to Huiyin Wood's poor performance since 2024, which has negatively impacted ST Jinggu's overall operations [3][5]. - As of August 15, ST Jinggu's stock price rose by 4.95% to 19.93 yuan per share, nearing the daily limit price [3]. Group 2: Financial Performance - ST Jinggu's revenue from 2022 to 2025 has shown significant fluctuations, with revenues of approximately 113 million yuan in 2022, 590 million yuan in 2023, and 447 million yuan in 2024, alongside net losses in multiple years [5][6]. - The company anticipates a net loss of between 105 million and 130 million yuan for the first half of 2025, primarily due to declining sales in its main business and non-operating losses [6]. - Huiyin Wood accounted for 87.02% of ST Jinggu's audited revenue in 2024, indicating that the divestiture will drastically reduce the company's operational scale [6]. Group 3: Operational Challenges - Huiyin Wood recently reported a loss of approximately 19 million yuan in inventory due to internal control failures, leading to a police investigation into potential embezzlement [4]. - The divestiture reflects the urgency for ST Jinggu to transform its business model amid ongoing operational pressures [7].

Core Viewpoint - ST Jinggu intends to divest its 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to alleviate the burden of non-performing assets and improve its financial health [1][3]. Group 1: Asset Divestiture - The transaction aims to transfer non-performing assets to reduce company pressure and promote long-term healthy development [3][4]. - The expected transaction price is not less than 133 million yuan, with the final price to be determined based on asset evaluation [1][3]. - The divestiture is classified as a major asset restructuring [1]. Group 2: Financial Performance - ST Jinggu reported significant financial losses, with projected net losses for the first half of 2025 estimated between 130 million yuan and 105 million yuan [5]. - The company’s revenue for 2022 to 2025 shows fluctuations, with revenues of approximately 113 million yuan, 590 million yuan, 447 million yuan, and 62.6 million yuan respectively [4]. - The company’s net profit figures for the same period were -22.27 million yuan, 6.32 million yuan, -72.87 million yuan, and -16.24 million yuan [4]. Group 3: Operational Challenges - Huiyin Wood Industry has faced operational difficulties since 2024, significantly impacting ST Jinggu's overall business performance [3][5]. - The company has reported a loss of approximately 19 million yuan in inventory due to mismanagement by a former director [3][4]. - The divestiture may lead to a sharp decline in the company's main business scale, potentially triggering delisting risk warnings [5]. Group 4: Industry Context - The company operates in the manufacturing sector, primarily engaged in engineered wood manufacturing and related activities [4]. - The ongoing challenges in the real estate sector and increased regional competition have adversely affected the sales prices and volumes of the company's products [5][6].

Core Viewpoint - Yunnan Jinggu Forestry Co., Ltd. is experiencing significant stock price fluctuations and is planning to transfer 51% of its subsidiary Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd. This transaction is still in the planning stage and involves various risks related to the company's financial health and ongoing legal issues [2][43][44]. Group 1: Stock Price Fluctuations - The company's stock price has deviated by more than 12% over three consecutive trading days, triggering abnormal fluctuation standards set by the Shanghai Stock Exchange [2][4]. - Investors are advised to be cautious due to the recent volatility in the stock price and to make rational investment decisions [2][3]. Group 2: Asset Transfer Plans - The company plans to transfer 51% of its stake in Huiyin Wood to Zhou Dafu Investment or its designated affiliates, with the transaction expected to be cash-based and not involve issuing shares [43][45]. - This transaction is anticipated to constitute a major asset restructuring as defined by the relevant regulations, and it will not change the controlling shareholder [43][44]. Group 3: Financial and Operational Challenges - Huiyin Wood has been facing operational difficulties, with its two production lines currently suspended due to various legal and financial issues, which may significantly impact the company's revenue [12][22][38]. - The company has reported a projected net loss of between 100.3 million to 130 million yuan for the first half of 2025, indicating a substantial decline in financial performance [15]. Group 4: Legal and Regulatory Issues - Huiyin Wood is involved in multiple legal disputes, with a total of 12 cases amounting to approximately 95.15 million yuan, which represents over 100% of the company's net assets attributable to shareholders [12][21]. - The company has initiated legal actions against former executives for alleged misconduct, which has further complicated its operational stability [24][25]. Group 5: Future Outlook - The company aims to alleviate its financial burden through the planned asset transfer, which is expected to improve its financial structure and operational capabilities [43][47]. - The transaction is still subject to internal and external approvals, and its completion timeline remains uncertain [48][49].

Core Viewpoint - ST Jinggu plans to transfer 51% equity of Huayin Wood Industry to its controlling shareholder, Chow Tai Fook Investment, amid significant operational challenges and financial losses [1][6][7]. Group 1: Asset Transfer Details - The transaction is expected to constitute a major asset restructuring, with a minimum estimated transaction price of 133 million CNY [6][7]. - The transfer aims to isolate Huayin Wood's debts, lawsuits, and operational risks, thereby improving ST Jinggu's financial condition [7][9]. - Huayin Wood's revenue is projected to account for 87.02% of ST Jinggu's audited revenue for 2024, indicating a drastic reduction in ST Jinggu's operational scale post-transaction [6][9]. Group 2: Financial and Operational Challenges - Huayin Wood reported a loss of approximately 19 million CNY in inventory due to mismanagement, leading to significant operational disruptions [3][10]. - The company is currently facing multiple legal issues, with 12 asset preservation measures totaling around 95.15 million CNY [10]. - ST Jinggu's stock price increased by 4.95% to 19.93 CNY per share, with a total market capitalization of 2.6 billion CNY, despite ongoing financial difficulties [3][4]. Group 3: Historical Context and Future Outlook - ST Jinggu acquired 51% of Huayin Wood for 270 million CNY in 2023, with performance guarantees that have not been met, leading to financial strain [12][13]. - The company anticipates continued losses, projecting a net loss of 105 million to 130 million CNY for the first half of 2025 [14]. - The ongoing challenges in the artificial board market, influenced by real estate trends and increased competition, are expected to further impact ST Jinggu's performance [14].

Core Viewpoint - ST Jinggu is planning to transfer 51% equity of Huayin Wood Industry to its controlling shareholder, Zhou Dafu Investment, in response to significant operational challenges and inventory losses [2][8][9]. Group 1: Asset Transfer and Financial Impact - The transaction is expected to constitute a major asset restructuring and will not change the controlling shareholder or actual controller of ST Jinggu [8]. - The estimated transaction price for the equity transfer is not less than 133 million CNY, based on asset evaluation results [9]. - Huayin Wood Industry's revenue is projected to account for 87.02% of ST Jinggu's audited revenue for 2024, indicating a drastic reduction in the company's main business scale post-transaction [9]. Group 2: Operational Challenges - Huayin Wood Industry has reported approximately 19 million CNY in inventory losses, leading to a police report due to potential misconduct by a former executive [4][10]. - The company is currently facing multiple legal issues, with 12 property preservation and litigation cases totaling around 95.15 million CNY [12]. - Production lines at Huayin Wood Industry have been halted, significantly impacting sales and operational stability [12]. Group 3: Historical Context and Performance - ST Jinggu acquired 51% of Huayin Wood Industry for 270 million CNY in 2023, with performance guarantees that have not been met, leading to financial losses [15]. - The company has consistently reported negative net profits since 2018, with the latest forecasts indicating further losses in 2025 [15][16]. - The ongoing challenges in the artificial board sector are attributed to trends in the real estate industry and increased regional competition [16].