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景谷林业控股子公司涉超4000万借贷纠纷
Mei Ri Jing Ji Xin Wen· 2025-07-07 12:51
Core Viewpoint - ST Jinggu's subsidiary, Huiyin Wood Industry, is embroiled in a civil loan dispute, leading to asset seizures and a significant impact on its financial performance [1][3][5] Group 1: Legal Issues - The court has seized Huiyin Wood Industry's finished goods warehouse and all finished board goods, with an estimated asset value of approximately 50 million yuan [1][3] - The main bank account of Huiyin Wood Industry has been frozen, with approximately 800,000 yuan in funds [4] - The lawsuits involve three plaintiffs claiming a total of 40.7 million yuan in principal and interest from Huiyin Wood Industry and its shareholders [3][5] Group 2: Financial Performance - In 2023, ST Jinggu acquired a 51% stake in Huiyin Wood Industry for about 270 million yuan, resulting in an 83.7% appreciation and goodwill of 92 million yuan [2] - Huiyin Wood Industry's performance has deteriorated, with a net profit of 4.7 million yuan in 2023 but failing to meet performance commitments in 2024 [5][6] - The actual revenue for 2024 was 389 million yuan, with a net loss of 32 million yuan, significantly deviating from the forecasted revenue of 564 million yuan and net profit of 58 million yuan [5][6] Group 3: Market Conditions - The competitive landscape in the particle board and fiberboard industry has changed significantly, leading to price declines as companies reduce prices to capture market share [6] - The company attributes the substantial drop in profitability to industry-wide price transmission effects and increased competition [6]
知名家居供货商涉借贷纠纷,景谷林业新购子公司被查封约5000万元资产,此前业绩大幅“变脸”
Mei Ri Jing Ji Xin Wen· 2025-07-06 07:19
Core Viewpoint - ST Jinggu (Jinggu Forestry) is facing legal issues involving its subsidiary, Tangxian Huiyin Wood Industry, which has been embroiled in private lending disputes leading to the seizure of approximately 50 million yuan in assets [1][3][4]. Company Summary - Tangxian Huiyin Wood Industry is a key subsidiary of ST Jinggu, focusing on the production and marketing of high-end particleboard and medium-density fiberboard, with products sold to major cities and well-known furniture manufacturers in China [3][4]. - In February 2023, ST Jinggu acquired a 51% stake in Huiyin Wood for approximately 270 million yuan, resulting in an 83.7% appreciation and generating goodwill of 92 million yuan [3][4]. Legal Issues - The lawsuits involve three plaintiffs claiming a total of 4,070 million yuan in principal and interest from Huiyin Wood and its shareholders due to loans provided between 2018 and 2024 [4]. - As of July 1, 2023, Huiyin Wood's finished goods warehouse, containing about 45,000 cubic meters of products valued at approximately 50 million yuan, has been seized, and its main bank account has been frozen with around 800,000 yuan [4][5]. Financial Performance - Huiyin Wood's financial performance has been concerning, with a net profit of 47 million yuan in 2023, meeting its performance commitment [5]. - However, for 2024, Huiyin Wood failed to meet its performance targets, with actual revenue of 389 million yuan and a net loss of 32 million yuan, significantly deviating from the forecasted revenue of 564 million yuan and net profit of 58 million yuan [6]. - The company attributed the poor performance to significant changes in the competitive landscape of the particleboard and fiberboard industry, leading to price declines and increased competition [6][7].
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
Core Viewpoint - The company is currently involved in multiple lawsuits concerning financial disputes, with a total amount of approximately 40.7 million RMB in principal and interest at stake, which may impact its financial performance depending on the court's ruling [2][9]. Summary by Sections Lawsuit Status - The court has accepted the case, but hearings have not yet commenced [2]. - The company’s subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., along with its former controlling shareholders, are defendants in the lawsuits [2]. Financial Implications - The total amount involved in the lawsuits includes a principal of 40.7 million RMB and associated interest [2]. - The company’s assets, including a finished goods warehouse valued at approximately 50 million RMB and bank accounts with around 800,000 RMB, have been frozen as part of the legal proceedings [2][8]. Details of the Lawsuits - Three separate cases have been filed against the company: 1. Case (2025) Ji 0636 Minchu 1696: Plaintiff Wang Sanquan claims a loan of 37.2 million RMB plus interest at an annual rate of 13.8% [3][4]. 2. Case (2025) Ji 0636 Minchu 1697: Plaintiff Wang Dongxian claims a loan of 1.5 million RMB plus interest at an annual rate of 13.8% [5][6]. 3. Case (2025) Ji 0636 Minchu 1698: Plaintiff Wang Xinwang claims a loan of 2 million RMB plus interest at an annual rate of 12% [7][8]. Company Response - The company has established a special task force to address the lawsuits, including members from intermediary institutions and legal counsel to protect its and shareholders' rights [10]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required [11].
ST景谷(600265) - 关于控股子公司涉及诉讼事项的公告
2025-07-04 10:15
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 关于控股子公司涉及诉讼事项的公告 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。 证券代码:600265 证券简称:ST 景谷 公告编号:2025-053 ●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")、汇银木业原控股股东 崔会军、王兰存为被告。 ●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。 汇银木业于近日收到顺平法院送达的案号分别为(2025)冀 0636 民初 1696 号、(2025)冀 0636 民初 1697 号、(2025)冀 0636 民初 1698 号《民事裁定书》 等相关法律文书,相关案件具体情况如下: 汇银木业于近日收到顺平法院送达的案号分别为(2025)冀 0636 民初 1696 号、(2025)冀 0636 民初 1697 ...
“信披管理办法”已刷新,6月来超20家上市公司因信披问题被监管点名
Xin Lang Cai Jing· 2025-07-03 06:16
Core Viewpoint - The newly revised "Management Measures for Information Disclosure of Listed Companies" has been officially implemented on July 1, 2023, incorporating recent regulatory practices and enhancing supervision of key matters [1][4]. Summary by Sections Implementation of New Regulations - The revised information disclosure measures were publicly solicited for opinions in December 2024 and officially released on March 28, 2023 [1]. - Key changes include strengthened risk disclosure requirements, increased regulation on outsourcing of information disclosure, and an adjustment of the maximum penalty to 100,000 yuan [1]. Companies Facing Penalties - On the first day of the new regulations, *ST Wan Fang and Ren Ren Le were publicly reprimanded for information disclosure issues [4][5]. - *ST Wan Fang initially forecasted a net profit of 20 million to 25 million yuan for 2024 but later revised it to a loss, leading to a public reprimand for failing to disclose accurate performance forecasts [4]. - Ren Ren Le also faced similar issues, with a significant discrepancy between its profit forecast and the audited results, resulting in a public reprimand [5]. Regulatory Actions and Statistics - In June, 18 companies were subjected to regulatory measures related to information disclosure, including failures in timely and accurate reporting [8]. - Specific companies like Jun Yao Health and Long Yang Technology were noted for not meeting disclosure standards in their performance forecasts [8]. - Two companies, Mei Chen Technology and Song Cheng Performing Arts, were penalized for accounting errors that led to inaccurate disclosures [9][11]. Additional Company Cases - ST Jing Gu received a regulatory letter regarding asset freezing and the need for risk disclosure, aligning with the new regulations' emphasis on risk factors [6][7]. - Companies like Heng Bang and Jing Yi failed to disclose critical information, receiving regulatory letters for their omissions [12]. Conclusion - The new information disclosure regulations aim to enhance transparency and accountability among listed companies, with immediate repercussions observed in the market [1][4][8].
ST景谷(600265) - 关于控股子公司资产被查封、冻结的公告
2025-06-30 10:15
证券代码:600265 证券简称:ST 景谷 公告编号:2025-052 二、资产被查封、冻结的原因 上述资产被查封、冻结主要系汇银木业涉及诉讼案件,原告王三全、王东仙、 王新旺向法院申请进行财产保全所致。 但目前公司尚未收到相关法院就前述财产保全所涉的立案受理通知书、起诉 状等相关法律文书。具体情况以公司后续收到的法律文书为准。 云南景谷林业股份有限公司 关于控股子公司资产被查封、冻结的公告 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。 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")于近日收到河北省顺平县人民法院(以下简称"顺 平法院")送达的(2025)冀 0636 执保 366 号、(2025)冀 0636 执保 367 号、(2025) 冀 0636 执保 368 号《执行裁定书》,根据《执行裁定书》,汇银木业的成品库房 及库房内所有成品板材货物被查封,同时,顺平法院将汇银木业的主要银行账户 进行了冻结,具体情况如下: 一、公司资产被查封、冻结的情况 根据《执行裁 ...
ST景谷:控股子公司资产被查封、冻结,账面价值预估为5080万元
news flash· 2025-06-30 09:52
Core Viewpoint - ST Jinggu (600265) announced that its subsidiary, Huiyin Wood Industry, has had its finished goods warehouse and all finished board goods within the warehouse seized, along with the freezing of its main bank accounts, which will adversely affect normal shipments and sales [1] Group 1 - The seized inventory accounts for approximately 70% of the company's total inventory, indicating a significant operational impact [1] - The company has not yet received any legal documents or court notifications regarding the case, leading to uncertainty about the impact on current and future profits [1] - If Huiyin Wood Industry is ultimately found liable, there is a risk of judicial disposal of related assets, which would negatively affect its operations [1]
ST景谷前五月亏损逾4200万元 背后香港豪门债务问题待解
Group 1 - The company ST Jinggu reported a significant decline in revenue, with a 44.97% year-on-year decrease to 103 million yuan in the first five months, resulting in a loss of 42.71 million yuan [1] - The company expressed a pessimistic outlook on the artificial board industry, predicting that the oversupply situation will only begin in 2024 and may intensify in 2025, leading to increased industry consolidation [1] - The audit firm issued a non-standard opinion on the company's financial report for 2024, citing significant adverse changes in the artificial board market and substantial cumulative losses, raising doubts about the company's ability to continue as a going concern [1] Group 2 - The company attributed its poor performance to a decline in demand from the real estate sector and a significant increase in industry capacity, leading to intensified market competition [2] - The company acknowledged the challenges and uncertainties posed by the deep adjustment in the industry and the intensified competition due to oversupply, which may threaten the survival of small and medium-sized enterprises [2] - The company plans to optimize its cost structure, adjust market positioning, enhance internal management, and explore strategic transformation to improve its business performance [2] Group 3 - In July 2018, Chow Tai Fook Investment, controlled by the Cheng family, invested over 1.2 billion yuan to take control of ST Jinggu, aiming to improve the company's asset quality and operational level [3] - Despite the investment, the company's operations have not improved, with non-standard audit opinions remaining common [3] - A planned capital increase of 300 million yuan by Chow Tai Fook Investment to alleviate the company's debt pressure was terminated in February of this year [3] Group 4 - The controlling family of the company, the Cheng family, is facing its own debt issues, with New World Development announcing delayed interest payments on some perpetual bonds and seeking refinancing for existing loans [4] - The company is reported to be in a liquidity crisis due to high leverage and significant debt burdens, exacerbated by market conditions [4]
ST景谷: 关于上海证券交易所《关于云南景谷林业股份有限公司2024年年度报告的信息披露监管问询函》的回复公告
Zheng Quan Zhi Xing· 2025-06-25 17:36
Core Viewpoint - Yunnan Jinggu Forestry Co., Ltd. faces significant operational challenges due to declining demand in the artificial board industry, exacerbated by increased competition and a downturn in the real estate market, leading to substantial financial losses in 2024 [1][3][16]. Financial Performance - In 2024, the company reported a revenue of 447 million yuan, a year-on-year decrease of 24.20%, and a net profit of -73 million yuan, marking a shift from profit to loss [3][12]. - The company's gross profit margin fell to 1.74%, indicating severe profitability issues [3][12]. - The company’s net assets were reported at 80 million yuan, with cash reserves dwindling to 14 million yuan, and a debt-to-asset ratio of 75.44% [3][12]. Market Conditions - The artificial board market is experiencing a significant supply-demand imbalance, with a notable increase in production capacity leading to intensified competition [6][10][17]. - The real estate sector's downturn has directly impacted the demand for artificial boards, as these products are closely tied to the housing market [5][6][16]. - The company’s primary products, particleboard and fiberboard, are heavily influenced by the performance of the downstream furniture and home decoration industries, which are currently facing challenges [5][6][16]. Industry Dynamics - In 2024, the artificial board industry saw the largest annual increase in production capacity in history, with 48 new production lines adding 15.41 million cubic meters per year [10][11]. - The competitive landscape has shifted, with larger companies leveraging their financial strength to engage in price wars, further squeezing smaller players like Yunnan Jinggu [14][17]. - The company’s main customer, PIANO, has ceased orders due to its own operational challenges, reflecting broader market difficulties [9][15]. Strategic Responses - The company plans to optimize its cost structure, adjust market positioning, and enhance internal management to navigate the current downturn [18][19]. - A strategic shift towards customized products and improved production technology is being considered to regain market competitiveness [19][20]. - The company has decided not to renew its lease for production lines in the chemical forestry business, reallocating resources to more profitable segments [20][22].
ST景谷(600265) - 中审众环会计师事务所(特殊普通合伙)关于云南景谷林业股份有限公司2024年年度报告的信息披露监管问询函回复
2025-06-25 10:16
中审众环会计师事务所(特殊普通合伙) 武汉市中北路 166 号长江产业大厦 17-18 楼 邮政编码:430077 Zhongshenzhonghuan Certified Public Accountants LLP 17-18/F,Yangtze River lndustry Building, No.166 Zhongbei Road, Wuhan,430077 电话 Tel:027-86791215 传真 Fax:027-85424329 关于云南景谷林业股份有限公司 2024 年年度报告的信息披露监管问询函回复 众环专字(2025)1600085 号 上海证券交易所: 中审众环会计师事务所(特殊普通合伙)(以下简称"本所"或"我们")作为云南景谷林业股份 有限公司(以下简称"景谷林业")2024 年度财务报表的审计机构,于 2025 年 4 月 28 日出具了众 环审字(2025)1600316 号带持续经营重大不确定性事项段的无保留意见审计报告。 近日,贵所出具了《关于云南景谷林业股份有限公司 2024 年年度报告的信息披露监管问询 函》(以下简称"问询函"),我们以对景谷林业相关财务报表执行的审 ...