Market Overview - The jewelry sector experienced a decline of 0.65% on January 22, with Mankalon leading the drop [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Individual Stock Performance - ST Xinhua Jin (600735) saw a closing price of 6.20, with an increase of 5.08% and a trading volume of 21,200 shares, totaling 13.12 million yuan [1] - Mingpai Jewelry (002574) closed at 6.41, up 1.91%, with a trading volume of 441,000 shares and a turnover of 280 million yuan [1] - Ruibeka (600439) closed at 2.90, up 1.40%, with a trading volume of 225,200 shares and a turnover of 64.79 million yuan [1] - Mankalon (300945) led the decline with a closing price of 17.94, down 4.06%, and a trading volume of 221,800 shares, totaling 396 million yuan [2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 196 million yuan from institutional investors, while retail investors saw a net inflow of 141 million yuan [2] - The main capital inflow and outflow for individual stocks showed varied trends, with Ruibeka experiencing a net inflow of 6.76 million yuan from institutional investors [3] - ST Xinhua Jin had a net inflow of 5.10 million yuan from institutional investors, while it faced a net outflow of 2.88 million yuan from speculative funds [3]

(本文来自第一财经) 上交所发布关于新华锦控股股东破产重整相关事项的监管工作函，涉及对象为上市公司，董事，高级管 理人员，控股股东及实际控制人。 ...

Market Overview - The jewelry sector increased by 1.75% on January 21, with Jin Yi Culture leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Jin Yi Culture (002721) closed at 3.34, up 5.36%, with a trading volume of 965,200 shares and a turnover of 313 million yuan [1] - ST XinHuaJin (600735) rose by 4.98% to 5.90, with a trading volume of 21,700 shares and a turnover of 12.8 million yuan [1] - Man Ka Long (300945) increased by 4.24% to 18.70, with a trading volume of 297,700 shares and a turnover of 547 million yuan [1] - Cuihua Jewelry (002731) saw a 3.67% rise to 13.56, with a trading volume of 233,100 shares and a turnover of 312 million yuan [1] - Mingpai Jewelry (002574) rose by 3.45% to 6.29, with a trading volume of 549,100 shares and a turnover of 341 million yuan [1] Capital Flow Analysis - The jewelry sector experienced a net inflow of 168 million yuan from institutional investors, while retail investors saw a net outflow of 175 million yuan [2] - Major stocks like Man Ka Long and Jin Yi Culture had significant capital movements, with Man Ka Long seeing a net inflow of 59.33 million yuan from institutional investors [3] - Deep China A (000017) had a net inflow of 43.30 million yuan from institutional investors, while retail investors had a net outflow of 73.07 million yuan [3]

Core Viewpoint - ST Xinhua Jin's controlling shareholder, Shandong Lujin Import and Export Group Co., Ltd., and its indirect controlling shareholder, Xinhua Jin Group Co., Ltd., have been accepted for bankruptcy reorganization by the court, which may provide an opportunity to resolve historical issues related to the company [1][2][3] Group 1: Bankruptcy Reorganization Impact - The bankruptcy reorganization will address the issue of fund occupation, with Xinhua Jin Group and its affiliates occupying non-operating funds of 406 million yuan that have not been returned [2] - The company emphasizes that its production and operation remain normal, with an independent business system, and the bankruptcy reorganization will not adversely affect its operations [2][3] - The uncertainty regarding the company's control will depend on the future reorganization plan and the court's final ruling, which may lead to changes in actual control [2][3] Group 2: Financial Performance - For the first three quarters of 2025, the company reported total operating revenue of 1.025 billion yuan, a year-on-year decrease of 21.53%, and a net profit attributable to shareholders of 16.44 million yuan, down 60.93% [4] - The decline in net profit is attributed to intensified competition in the overseas market and tariff impacts, which reduced the profit total by 18.03 million yuan, a decrease of 31.30% [4] - The company is focused on new materials related to graphite and aims to recover occupied funds while stabilizing its governance structure through the reorganization process [3][4]

证券代码：600735 证券简称：ST新华锦 公告编号：2026-007 山东新华锦国际股份有限公司 关于控股股东、间接控股股东被法院裁定受理 破产重整的公告 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。 2、目前公司生产经营情况正常，公司具有独立完整的业务及自主经营能力， 与控股股东、间接控股股东在业务、人员、资产、机构、财务等方面均保持相互 独立，相关事项不会对公司正常经营活动造成不良影响。本次事项是否会影响公 司的控制权将视后续的破产重整方案及法院作出的最终裁定而定，是否会导致公 司的控制权发生变更存在不确定性。 公司将持续关注上述事项的后续进展情况，并按照法律法规的相关规定及时 履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 二、间接控股股东破产重整情况 青岛市市南区人民法院于 2026 年 1 月 20 日作出（2026）鲁 0202 破申 4 号 《民事裁定书》，新华锦集团已不能清偿到期债务，且明显缺乏清偿能力，综合 分析新华锦集团的实际情况、重整可行性等因素，受理新华锦集团的破产重整申 请。 三、本 ...

ST新华锦公告，山东省青岛市市南区人民法院已裁定受理公司控股股东山东鲁锦进出口集团有限公 司、间接控股股东新华锦集团有限公司的破产重整申请。 ...

Core Viewpoint - Xinhua Jin (ST Xinhua Jin, 600735.SH) is facing the risk of being delisted due to unresolved issues regarding the occupation of funds by its controlling shareholder, Xinhua Jin Group, which has not returned 406 million yuan of non-operating funds [1][2][4]. Group 1: Financial Issues - As of the latest announcement, Xinhua Jin Group has not provided a specific solution for the return of the occupied funds, which is a critical issue for the company [1][2]. - The deadline for Xinhua Jin Group to return the occupied funds is February 25, 2026, leaving less than 40 days for compliance [4]. - The company reported a significant decline in financial performance, with a 30.97% decrease in revenue to 1.637 billion yuan in 2024 and a net loss of 134 million yuan, compared to a profit of 52.54 million yuan in the previous year [6]. Group 2: Regulatory Actions - Regulatory authorities have mandated Xinhua Jin to take active measures to recover the occupied funds within six months, or face administrative penalties including stock suspension and potential delisting [3][4]. - The company has been placed under administrative supervision, and any failure to comply will be recorded in the securities market's integrity archives [2][3]. Group 3: Shareholder and Stock Performance - The controlling shareholder and its affiliates hold 186 million shares, accounting for 43.28% of the total shares, with a high pledge ratio of 99.64% [4]. - Xinhua Jin's stock price experienced a temporary surge of over 12% from January 5 to January 7, 2026, but has since significantly declined [6].

据天眼查APP显示，山东新华锦国际股份有限公司成立于1993年11月28日，注册资本42877.8219万人民 币。（数据宝） 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） | | --- | --- | --- | --- | | 2026.01.13 | -3.64 | 9.62 | -1921.25 | | 2026.01.12 | -4.94 | 6.57 | -272.85 | | 2026.01.09 | 5.02 | 8.87 | 1142.32 | | 2026.01.08 | 5.09 | 0.17 | 394.83 | | 2026.01.07 | 4.96 | 0.37 | 422.77 | | 2026.01.06 | 5.01 | 1.88 | 1376.99 | | 2026.01.05 | 5.05 | 2.07 | 1097.49 | | 2025.12.31 | -0.63 | 2.97 | -367.80 | | 2025.12.30 | -2.45 | 2.86 | -439.69 | | 2025.12.29 | -4.30 ...

公司一直就资金占用事宜与新华锦集团沟通，敦促其制定并落实解决方案，截 至本公告披露日，具体解决方案仍未确定。请广大投资者理性决策，审慎投资，注 意投资风险。 一、资金占用责令改正进展情况 山东新华锦国际股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日收到中 国证券监督管理委员会青岛监管局（以下简称"青岛证监局"）出具的《关于对山 东新华锦国际股份有限公司、新华锦集团有限公司、张建华采取责令改正措施的决 定》（【2025】11 号）（以下简称"《行政监管措施决定书》"），截至 2025 年半 年度报告披露日，新华锦集团有限公司（以下简称"新华锦集团"）及其关联方非 经营性占用公司资金余额 4.06 亿元，所有占用资金应在收到《行政监管措施决定书》 之日起六个月内归还。 二、可能被实施退市风险警示的原因、公司股票停牌情况及退市风险警示实施 安排 根据《上海证券交易所股票上市规则》（2025年4月修订）第9.4.1等相关规定， 若公司未能按照责令改正要求在六个月内清收被占用资金，公司股票将被实施停牌， 停牌后两个月内仍未完成整改的，公司股票将被实施退市风险警示，此后两个月内 仍未完成整改的，公司股 ...

Core Viewpoint - Xinhua Jin announced that as of the disclosure date of the 2025 semi-annual report, the company and its affiliates have non-operational occupation of company funds amounting to 406 million yuan, which must be returned within six months upon receipt of the "Administrative Supervision Measures Decision" [1] Group 1 - The company is required to return the occupied funds within six months to avoid stock suspension [1] - If the funds are not recovered within the stipulated time, the company will face a two-month stock suspension, followed by a risk warning for delisting if not rectified within an additional two months [1] - As of the announcement date, the company’s production and operations remain normal [1]