Core Points - The Shanghai Composite Index closed at 3960.19 points with a decline of 0.41% on November 4, while the Shenzhen Component Index and the ChiNext Index fell by 1.71% and 1.96% respectively [1] - A total of 1949 stocks saw an increase in average transaction volume, with 47 stocks experiencing a rise of over 50% [1] - Notable stocks with significant increases in transaction volume include Moen Electric, Luopus Gold, and Hanjian Heshan, among others [1] Transaction Volume Highlights - Moen Electric (002451) had a daily increase of 10.03% with an average transaction volume of 3517 shares, showing a remarkable increase of 421.04% [1] - Luopus Gold (002333) also increased by 10.02% with an average transaction volume of 2971 shares, reflecting a 235.83% rise [1] - Hanjian Heshan (603616) rose by 10.09% with an average transaction volume of 2786 shares, marking a 228.39% increase [1] Transaction Count Highlights - ST Fuhua (600624) recorded a transaction count increase of 2336.18% with 22218 transactions, despite a slight decline of 0.32% in stock price [2] - *ST Aowei (002231) saw a 1367.99% increase in transaction count with 8896 transactions, while its stock price rose by 0.88% [2] - ST Xinhua Jin (600735) had a transaction count increase of 1362.33% with 34862 transactions, with a minor price increase of 0.13% [2] Stocks with Significant Increases in Both Volume and Count - Bofei Electric (001255) had a daily increase of 10.01%, with an average transaction volume of 908 shares (194.55% increase) and a transaction count of 5309 (55.46% increase) [3] - *ST Baoying (002047) increased by 4.95%, with an average transaction volume of 9153 shares (182.43% increase) and a transaction count of 661 (196.41% increase) [4] - Zhongmin Energy (002047) rose by 9.96%, with an average transaction volume of 2935 shares (141.43% increase) and a transaction count of 26089 (118.24% increase) [4]

Group 1 - The forestry sector experienced a significant increase of 6.87% on November 3, with Pingtan Development leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] - Pingtan Development's stock price rose by 10.03% to 7.79, with a trading volume of 146.17 million shares [1] Group 2 - The net inflow of main funds in the forestry sector was 80.25 million yuan, while retail funds saw a net inflow of 314,300 yuan [1] - Pingtan Development had a main fund net inflow of 12.9 million yuan, but experienced a net outflow of 55.32 million yuan from retail funds [2] - Fujian Jinsen saw a significant net outflow of 54.9 million yuan from main funds, while retail funds had a net inflow of 77.37 million yuan [2]

证券代码：600265 证券简称：ST 景谷 公告编号：2025-101 云南景谷林业股份有限公司 关于与控股股东签订《资产赠与协议》的进展公告 （一）博达数科变更后的营业执照具体登记信息如下： 6、成立日期：2025 年 4 月 28 日 1、公司名称：上海博达数智科技有限公司 2、企业类型：有限责任公司（港澳台投资、非独资） 3、注册地址：上海市虹口区松花江路 2539 号 3 号楼 3319 室 4、注册资本：人民币 30,000 万元 5、法定代表人：刘皓之 7、统一社会信用代码：91310000MAEK40BY03 8、经营范围： 一般项目：信息系统集成服务；技术服务、技术开发、技 术咨询、技术交流、技术转让、技术推广；计算机系统服务；数字技术服务； 信息技术咨询服务；人工智能基础软件开发；人工智能应用软件开发；人工智 能理论与算法软件开发；人工智能行业应用系统集成服务；人工智能公共数据 平台；云计算装备技术服务；云计算设备销售；人工智能硬件销售；计算机软 硬件及辅助设备零售；计算机软硬件及辅助设备批发。（除依法须经批准的项目 外，凭营业执照依法自主开展经营活动）。 （二）博达数科变更后的股权结构如 ...

Core Insights - The forestry sector experienced a significant increase of 7.8% on October 31, with Fujian Jinsen leading the gains [1] - In contrast, the Shanghai Composite Index closed at 3954.79, down 0.81%, and the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Sector Performance - Fujian Jinsen (002679) closed at 14.00, up 9.98% with a trading volume of 175,900 shares and a transaction value of 239 million [1] - Pingtan Development (000592) closed at 7.08, up 9.94% with a trading volume of 5,091,600 shares [1] - Yong'an Forestry (000663) closed at 7.34, up 1.80% with a trading volume of 176,100 shares [1] - ST Jinggu (600265) closed at 20.00, up 0.20% with a trading volume of 4,416 shares [1] Capital Flow - The forestry sector saw a net inflow of 124 million from main funds, while retail investors experienced a net outflow of 44.59 million [1] - Pingtan Development had a main fund net inflow of 82.38 million, but a net outflow from retail and speculative funds [2] - Fujian Jinsen had a main fund net inflow of 35.41 million, with outflows from both retail and speculative funds [2] - Yong'an Forestry recorded a main fund net inflow of 8.25 million, with a slight net outflow from retail investors [2] - ST Jinggu experienced a net outflow from main and speculative funds, but a net inflow from retail investors [2]

Group 1 - The forestry sector experienced a significant increase of 5.75% on October 30, with Fujian Jinsen leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Fujian Jinsen's stock price rose by 10.03% to 12.73, with a trading volume of 214,800 shares and a transaction value of 254 million yuan [1] Group 2 - The net outflow of main funds in the forestry sector was 388 million yuan, while retail investors saw a net inflow of 465 million yuan [1] - The detailed fund flow for individual stocks showed that Fujian Jinsen had a net inflow of 50.4 million yuan from main funds, but a net outflow of 39.8 million yuan from speculative funds [2] - Pingtan Development experienced a net outflow of 44.21 million yuan from main funds, but a significant net inflow of 483 million yuan from retail investors [2]

Core Viewpoint - ST Jinggu (600265.SH) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial distress [1] Financial Performance - The company achieved a revenue of 140 million yuan for the first three quarters, representing a year-on-year decrease of 58.77% [1] - The net profit attributable to shareholders was a loss of 213 million yuan [1] - The non-recurring net profit also showed a loss of 113 million yuan [1] - The basic earnings per share were reported at -1.64 yuan [1]

二、主要产品销量及同比增减情况 证券代码：600265 证券简称：ST 景谷 公告编号：2025-098 云南景谷林业股份有限公司 2025 年第三季度主要经营数据公告 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"）根据《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第3号——行业信息披露》 等规则要求，现将2025年第三季度主要经营数据（未经审计）披露如下： 一、主要产品产量及同比增减情况 | 人造板产品（立方米） | | 16,166.34 | | | 90,078.98 | | -82.05% | | --- | --- | --- | --- | --- | --- | --- | --- | | 主要产品 林化产品（吨） | 2025 | 年 7-9 | 月 0 | 2024 | 年 7-9 | 月 0 | 变动比例（%） 0.00% | | 人造板产品（立方米） | | 13,645.24 | | | 103,170.72 | | -86.77% | ...

证券代码：600265 证券简称：ST 景谷 公告编号：2025-099 云南景谷林业股份有限公司 关于 2025 年第三季度计提资产减值准备的公告 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"）于 2025 年 10 月 28 日召开 第九届董事会第四次会议，审议通过了《关于 2025 年第三季度计提资产减值准 备的议案》。现将具体情况公告如下： 一、计提资产减值准备的原因 为真实、准确地反映公司资产状况和经营成果，根据《企业会计准则》和 公司会计政策的相关规定，基于谨慎性原则，公司对合并报表范围内的资产进 行了减值测试，并根据测试结果，计提了相应的资产减值损失。 二、计提资产减值准备的具体情况 2025 年第三季度，公司计提各类资产减值准备共计 3,946.69 万元（未经审 计），具体情况如下： 单位：元 币种：人民币 | 序号 | 项目 | 本报告期计提金额 | 备注 | | --- | --- | --- | --- | | | 信用减值损失 | 273,700.00 - ...

一、董事会会议召开情况 云南景谷林业股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日（星 期二）上午 10 点 00 分以通讯方式召开了第九届董事会第四次会议。公司已于 2025 年 10 月 18 日通过电子邮件方式向全体董事、高级管理人员发出会议通知。 本次会议由公司董事长葛意达先生主持，会议应到董事 6 名，实到董事 6 名， 公司高级管理人员列席会议。会议的召集、召开及表决程序符合《中华人民共 和国公司法》等相关法律法规和《公司章程》的有关规定，会议及通过的决议 合法有效。 证券代码：600265 证券简称：ST 景谷 公告编号：2025-100 云南景谷林业股份有限公司 第九届董事会第四次会议决议公告 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。 二、董事会会议审议情况 经与会董事认真审议，本次会议审议并通过如下议案： （一）审议通过《2025 年第三季度报告》。 表决结果：6 票同意，0 票反对，0 票弃权。 表决结果：6 票同意，0 票反对，0 票弃权。 董事会认为：公司本次计提资产减值准备 ...

Financial Performance - The company's operating revenue for the third quarter was ¥16,675,315.37, a decrease of 85.53% compared to the same period last year[5] - The total profit for the quarter was -¥141,626,892.20, with a year-to-date total profit of -¥364,875,621.08[5] - The net profit attributable to shareholders was -¥88,889,282.50 for the quarter, and -¥212,885,444.66 year-to-date[5] - The basic and diluted earnings per share for the quarter were both -¥0.68, with year-to-date figures at -¥1.64[6] - The weighted average return on equity was -171.28% for the quarter, a decrease of 169.02 percentage points year-to-date[6] - Total operating revenue for the first three quarters of 2025 was CNY 140,001,102.73, a decrease of 58.8% compared to CNY 339,546,991.50 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 248,529,602.12, compared to a loss of CNY 13,780,507.88 in the same period of 2024[19] - Total profit for the first three quarters of 2025 was a loss of CNY 364,875,621.08, significantly higher than a loss of CNY 14,247,544.56 in 2024[19] - The net profit for the first three quarters of 2025 was -342,056,732.91 CNY, compared to -13,245,399.93 CNY in the same period of 2024, indicating a significant decline in profitability[20] - The total comprehensive income for the period was -342,056,732.91 CNY, with -212,885,444.66 CNY attributable to the parent company's shareholders[20] - The company reported a basic and diluted earnings per share of -1.640 CNY for the current period, compared to -0.091 CNY in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥650,286,901.13, down 29.54% from the previous year[6] - Shareholders' equity attributable to the company was ¥8,688,320.86, reflecting a decrease of 90.86% compared to the previous year[6] - Total current assets decreased to CNY 321,132,040.14 from CNY 512,214,297.30 at the end of 2024, reflecting a decline of 37.2%[16] - Total non-current assets as of September 30, 2025, were CNY 329,154,860.99, down from CNY 410,766,343.80 at the end of 2024[16] - Total liabilities decreased to CNY 621,060,567.44 from CNY 678,165,438.32 at the end of 2024[17] - Shareholders' equity as of September 30, 2025, was CNY 29,226,333.69, a significant drop from CNY 244,815,202.78 at the end of 2024[17] Cash Flow - Cash and cash equivalents as of September 30, 2025, were CNY 14,316,023.01, down from CNY 40,276,044.56 at the end of 2024[16] - The operating cash flow for the first three quarters of 2025 was -32,552,402.01 CNY, a deterioration from -12,776,171.56 CNY in the same period of 2024[23] - Cash inflows from operating activities totaled 150,946,988.88 CNY, down from 354,687,870.93 CNY year-over-year[23] - Cash outflows from operating activities were 183,499,390.89 CNY, compared to 367,464,042.49 CNY in the previous year, reflecting a reduction in cash outflow[23] - The net cash flow from investing activities was -455,349.77 CNY, an improvement from -7,130,887.42 CNY in the same period of 2024[24] - The net cash flow from financing activities was 7,047,730.77 CNY, contrasting with -16,280,053.83 CNY in the previous year, indicating a positive shift in financing[24] - The ending cash and cash equivalents balance was 14,316,023.01 CNY, down from 22,430,843.50 CNY year-over-year[24] Operational Challenges - The company faced operational disruptions due to civil loan disputes and market fluctuations, impacting production and financial performance[10] - Non-recurring losses totaled -¥50,588,421.50 for the quarter, with year-to-date non-recurring losses at -¥99,440,034.98[7] - The company reported a significant increase in credit impairment losses, totaling CNY -40,378,181.75 for the first three quarters of 2025, compared to CNY -898,685.51 in the same period of 2024[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,489[12] Accounting Standards - The company has not applied new accounting standards for the current reporting period[25]