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。 一、独立董事辞职及补选独立董事情况 （一）独立董事辞职的情况 云南景谷林业股份有限公司（以下简称"公司"）董事会于近日收到独立董 事牛炳义先生、徐洪才先生、施谦先生递交的书面辞职报告。牛炳义先生、徐 洪才先生、施谦先生因个人原因，申请辞去公司第九届董事会独立董事及董事 会各专门委员会担任的一切职务，辞职后将不再担任公司任何职务。 证券代码：600265 证券简称：ST 景谷 公告编号：2025-042 云南景谷林业股份有限公司 关于公司独立董事辞职及补选独立董事、财务总监 辞职及聘任财务总监的公告 公司及公司董事会对牛炳义先生、徐洪才先生、施谦先生在担任公司独立 董事期间为公司发展所做出的贡献给予充分肯定，并表示衷心的感谢。 （三）补选独立董事的情况 为顺利做好独立董事交接工作，根据相关法律法规及《公司章程》的规定， 公司董事会推荐滕斌圣先生、王同海先生、黄华敏先生为独立董事候选人。 2025 年 5 月 12 日，公司召开了第九届董事会 2025 年第三次临时会议，审 议通过了 ...

Core Viewpoint - Yunnan Jinggu Forestry Co., Ltd. is undergoing a significant asset acquisition, purchasing 51% of the equity of Tangxian Huiyin Wood Industry Co., Ltd. for a total transaction price of 270.3 million yuan, which is based on an asset evaluation report that indicates an 83.7% appreciation in value [5][7]. Group 1: Transaction Overview - The transaction involves Yunnan Jinggu Forestry acquiring 51% of Huiyin Wood for 270.3 million yuan, with the equity held by multiple parties including Cui Huijun and Wang Lanchun [5][7]. - The evaluation of Huiyin Wood's total equity was assessed at 530.3 million yuan as of October 31, 2022, leading to a valuation of 270.45 million yuan for the 51% stake [7]. - The transaction has been approved by the company's board and has completed the necessary legal and regulatory procedures [8][9]. Group 2: Performance Commitments - The sellers have committed to specific profit targets for Huiyin Wood, with projected net profits of 43.53 million yuan, 57.67 million yuan, and 64.04 million yuan for the years 2023, 2024, and 2025 respectively [3][4]. - The total committed net profit over the three years amounts to 165.24 million yuan [3]. Group 3: Compliance and Governance - The independent financial advisor, Huachuang Securities, has confirmed that the transaction complies with relevant laws and regulations, including the Company Law and Securities Law [5][9]. - The company has established measures to ensure the independence of its operations and to prevent any conflicts of interest with its controlling shareholders [22][29].

华创证券有限责任公司 关于 云南景谷林业股份有限公司 重大资产购买 之 2024年度持续督导工作报告书 华创证券有限责任公司（以下简称"华创证券"、"本独立财务顾问"）接受云 南景谷林业股份有限公司（以下简称"景谷林业"、"公司"或"上市公司"）的委托， 担任景谷林业重大资产购买（以下简称"本次重组"）的独立财务顾问。 按照《中华人民共和国公司法》《中华人民共和国证券法》《上市公司重大 资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》和上海证券交 易所颁布的信息披露业务备忘录等法律法规的规定和要求，华创证券本着诚实信 用、勤勉尽责的精神，履行持续督导职责，并经审慎核查本次交易的相关文件、 资料和其他依据，出具了关于本次重组的持续督导报告。 暨持续督导总结报告 独立财务顾问 二〇二五年五月 1 | 目录 | | --- | | 目录 2 | | --- | | 独立财务顾问声明 3 | | 释义 4 | | 一、关于本次交易资产的交付或者过户情况 6 | | （一）本次交易方案概述 6 | | （二）本次交易的定价 6 | | （三）本次交易的决策及批准情况 7 | | （四）本次交易的实施情况 8 ...

证券代码：600265 证券简称：ST 景谷 公告编号：2025-039 云南景谷林业股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，云南景谷林业股份有限公司（以下简称 "公司"）将参加由云南证监局指导，云南省上市公司协会与深圳市全景网络有 限公司联合举办的"2024 年度云南辖区上市公司投资者网上集体接待日"，现将 相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 5 月 16 日（周五）16:00-17:00。届时 公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况和可持 续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参 与！ 特此公告！ 云南景谷林业股份有限公司董事会 二〇二五年五月十三日 关于参加云南辖区上市公司 2024 年度投资者 网上集体接待日活动的公告 ...

Core Insights - In 2024, Jinggu Forestry faced significant challenges with a substantial decline in key financial metrics such as revenue and net profit, alongside various market and policy risks [1] Revenue Performance - Revenue decreased by 24.20% year-on-year, totaling approximately 447 million yuan in 2024 compared to about 590 million yuan in 2023, indicating a notable contraction in business scale due to the downturn in the real estate sector, intensified regional competition, and falling product prices [2] - Quarterly revenue showed relative stability but an overall downward trend, with figures of approximately 105 million yuan in Q1, 120 million yuan in Q2, 115 million yuan in Q3, and 107 million yuan in Q4 [2] Profitability Analysis - The net profit turned from a profit of approximately 6.32 million yuan in 2023 to a loss of about 72.87 million yuan in 2024, marking a staggering decline of 1252.56% [3] - The adjusted net profit, excluding non-recurring items, also worsened, with a loss of approximately 144.71 million yuan in 2024 compared to a loss of about 7.57 million yuan in 2023, indicating severe deterioration in core business profitability [4] Earnings Per Share - Basic earnings per share plummeted to -0.56 yuan in 2024 from 0.05 yuan in 2023, reflecting a decline of 1220.00% and severely impacting shareholder returns [5] - The adjusted earnings per share, excluding non-recurring items, also deepened to -1.11 yuan in 2024 from -0.06 yuan in 2023, highlighting the challenges faced by the core business [6] Cost and Expense Management - Total operating costs decreased to approximately 508 million yuan in 2024 from about 591 million yuan in 2023, yet the company still faced significant pressure from various expenses [7] - Sales expenses surged by 90.29% to approximately 3.98 million yuan in 2024, driven by increased competition and higher business expenditure, although this did not effectively reverse the revenue decline [8] - Management expenses rose by 21.72% to approximately 43.72 million yuan, primarily due to increased intermediary service fees related to refinancing [9] - Financial expenses increased by 4.12% to approximately 21.24 million yuan, indicating a need for better financial planning and debt management [10] Cash Flow Analysis - Net cash flow from operating activities plummeted by 96.72% to approximately 3.02 million yuan in 2024, primarily due to decreased sales and cash receipts [12] - Cash flow from investing activities showed a reduced outflow of approximately 9.02 million yuan in 2024 compared to a much larger outflow in 2023, although it remained negative [13] - Cash flow from financing activities turned negative at approximately -12.35 million yuan in 2024, a shift from a positive cash flow in 2023, indicating increased debt repayment pressure [14] Risk Factors - The company faces multiple risks, including macroeconomic and market risks linked to the real estate sector, potential adverse impacts from policy changes, and fluctuations in raw material prices [15] - The company’s asset-liability ratio stood at 73.48% as of December 31, 2024, which is higher than comparable companies, increasing financial risk [15] Management Compensation - The chairman received no remuneration from the company, while the general manager earned approximately 665,700 yuan, reflecting a cautious approach to management compensation amid financial difficulties [16]

Summary of Key Points Core Viewpoints - The report highlights the ongoing trend of stock suspensions due to delisting risk warnings across multiple companies, indicating a potential downturn in market confidence and stability [2][3][4]. Company Listings - Several companies are scheduled for initial public offerings (IPOs) on April 29, 2025, including Tai Li Technology (301595) and Ze Run New Energy (301636), which may attract investor interest [1]. - The report notes the specific dates for various IPO-related activities, such as inquiry periods and fund unfreezing dates, which are crucial for market participants [1]. Stock Suspension Announcements - Numerous companies, including Guohua Network Security (000004) and Nanhua Biology (000504), have announced stock suspensions due to delisting risk warnings, reflecting a significant concern regarding their financial health [2][3]. - The report lists a total of 30 companies facing stock suspensions on April 29, 2025, due to various risk warnings, which may impact investor sentiment and trading volumes [2][3][4]. Special Suspensions - Companies like *ST Xu Lan (000040) and *ST Gong Zhi (000584) are highlighted for potential termination of listings, indicating severe financial distress and regulatory scrutiny [4][5]. - The report emphasizes the importance of monitoring these companies as their situations evolve, which could present both risks and opportunities for investors [4][5].

一、2025 年度融资计划 为满足公司及控股子公司唐县汇银木业有限公司（以下简称"汇银木业"） 经营和业务发展需求，公司及汇银木业在 2025 年度拟向相关金融机构申请的融 资金额及相关情况如下： 1、融资租赁 证券代码：600265 证券简称：景谷林业 公告编号：2025- 032 云南景谷林业股份有限公司 关于公司2025年度融资计划的公告 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"或"景谷林业"）第九届董 事第二次会议审议通过了公司 2025 年度融资计划，现将公司 2025 年度融资计 划公告如下： 5、景谷县农村信用合作联社 2025 年获取银行综合授信额度 2,000 万元，授信期限 12 个月，利率不超 过 4.7%。 以上综合授信额度不等于公司及汇银木业实际融资金额，具体融资金额将 视公司及汇银木业运营资金的实际需求来确定，具体授信额度、授信品种及其 他条款以公司及汇银木业与相关金融机构最终签订的协议为准。 2025 年新增资产售后回租融资租赁借款 1,000 万 ...

7 市中北路 166 号长汀产业大厦 17-18 8 166 Zhongbei Road. Wuhan,430077 关于云南景谷林业股份有限公司 2024 年度营业收入扣除情况表 的专项核查报告 众环专字(2025) 1600061 号 云南景谷林业股份有限公司全体股东: 我们接受委托,在审计了云南景谷林业股份有限公司(以下简称"景谷林业")2024年 12 月 31 日的合并及公司的资产负债表,2024年度合并及公司的利润表、合并及公司的现金 流量表和合并及公司的股东权益变动表以及财务报表附注(以下简称"2024年度财务报表") 的基础上,对后附的《云南景谷林业股份有限公司 2024年度营业收入扣除情况表》(以下简 称"营业收入扣除表")进行了专项核查。 按照《上海证券交易所股票上市规则》及《上海证券交易所上市公司自律监管指南第 2 号 -- 业务办理》的规定,编制和披露营业收入扣除表,提供真实、合法、完整的核查证据, 是景谷林业管理层的责任。我们的责任是在执行核查工作的基础上对营业收入扣除表发表专 项核查意见。 我们按照中国注册会计师审计准则的相关规定执行了核查工作。中国注册会计师审计准 则要求我们遵守 ...

o 166 Zhongbei Road, Wuhan 4300 审计报告 众环审字(2025) 1600316 号 云南景谷林业股份有限公司全体股东: 一、审计意见 我们审计了云南景谷林业股份有限公司(以下简称"景谷林业")财务报表,包括 2024年 12月 31日的合并及公司资产负债表,2024年度的合并及公司利润表、合并及公司现金流量表、 合并及公司股东权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了景 谷林业 2024年12月 31日的财务状况以及 2024年度的经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对财 务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职业道 德守则,我们独立于景谷林业,并履行了职业道德方面的其他责任。我们相信,我们获取的审 计证据是充分、适当的,为发表审计意见提供了基础。 三、与持续经营相关的重大不确定性 我们提醒财务报表使用者关注,如财务报表附注二所述,2024年度,公司主营业务之一的 人造板市场发生重大不利变化 ...

市中北路 166号长江产业大厦 17-18 梯 7-18/F Yangtze River Industry Building o.166 Zhongbei Road, Wuhan.430077 佳直 Fay. 027-85424320 关于云南景谷林业股份有限公司 业绩承诺实现情况的专项审核报告 众环专字(2025) 1600059 号 云南景谷林业股份有限公司全体股东: 我们接受委托,对后附的云南景谷林业股份有限公司(以下简称"景谷林业")2024年度的《关 于业绩承诺实现情况的说明》进行了专项审核。 按照《上市公司重大资产重组管理办法》的有关规定,编制《关于业绩承诺实现情况的说明》, 并其保证其真实性、完整性和准确性,提供真实、合法、完整的实物证据、原始书面材料、副本材 料、口头证言以及我们认为必要的其他证据,是景谷林业管理层的责任。我们的责任是在执行审核 工作的基础上,对《关于业绩承诺实现情况的说明》发表审核意见。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号 -- 历史财务信息审计或审阅以外的鉴 证业务》的规定执行了审核工作,该准则要求我们遵守中国注册会计师职业道德守则,计划和执行 审核工 ...