Market Overview - The jewelry sector experienced a decline of 0.24% on October 13, with ST Xinhua Jin leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Individual Stock Performance - Notable gainers included: - Shenhua A (000017) with a closing price of 7.35, up 3.38% and a trading volume of 486,700 shares, totaling 352 million yuan [1] - Mankalon (300945) closed at 20.48, up 1.69% with a trading volume of 180,000 shares, totaling 363 million yuan [1] - Jinyi Culture (002721) closed at 3.54, up 1.14% with a trading volume of 640,200 shares, totaling 222 million yuan [1] - Decliners included: - ST Xinhua Jin (600735) closed at 4.56, down 5.00% with a trading volume of 250,600 shares, totaling 1.1427 million yuan [2] - Laofengxiang (600612) closed at 49.50, down 1.55% with a trading volume of 27,300 shares, totaling 135 million yuan [2] - Diahua Co. (301177) closed at 32.78, down 1.12% with a trading volume of 18,600 shares, totaling 60.625 million yuan [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 31.8358 million yuan from institutional investors, while retail investors had a net inflow of 48.8053 million yuan [2][3] - Key stocks in terms of capital flow included: - Shenhua A (000017) had a net inflow of 16.5116 million yuan from institutional investors, while retail investors had a net outflow of 747,170 yuan [3] - Zhou Dazheng (002867) experienced a net inflow of 5.5548 million yuan from institutional investors, with a net outflow of 1.19869 million yuan from retail investors [3] - Laofengxiang (600612) had a net inflow of 4.2011 million yuan from institutional investors, while retail investors had a net outflow of 763,180 yuan [3]

Core Points - The announcement is about the public disclosure of the shortlisted companies for the 2025 Qingdao Top 100 Private Enterprises list, aimed at promoting high-quality development of the private economy in Qingdao [1] Group 1: Announcement Details - The event is organized by multiple governmental departments including the Qingdao Federation of Industry and Commerce, Development and Reform Commission, and others [1] - The public notice period for the shortlisted companies is from October 13 to October 17, 2025 [1] - The announcement encourages public feedback on any major legal violations or non-compliance issues related to the shortlisted companies during the public notice period [1] Group 2: Shortlisted Companies - The first ten companies in the 2025 Qingdao Top 100 Private Enterprises list include: 1. Wanda Guomao Group Co., Ltd. 2. Shandong New Hope Liuhe Group Co., Ltd. 3. Xinhua Jin Group Co., Ltd. 4. Shandong Neng Chain Holdings Co., Ltd. 5. Qingdao Century Ruifeng Group Co., Ltd. 6. Sailun Group Co., Ltd. 7. Liqun Group Co., Ltd. 8. Ruiyuan Holdings Group Co., Ltd. 9. Ronghua Construction Group Co., Ltd. 10. Riri Shun Supply Chain Technology Co., Ltd. [2][3] Group 3: Sector-Specific Lists - The top ten innovative private enterprises include: 1. Sailun Group Co., Ltd. 2. Qingdao Weilan Bio Co., Ltd. 3. Qingdao Gaomei Technology Co., Ltd. 4. Qingdao Dingxin Communication Co., Ltd. 5. Chuangxin Qizhi Technology Group Co., Ltd. 6. Hailier Pharmaceutical Group Co., Ltd. 7. Qingdao Zhongjia Electric Co., Ltd. 8. Qingdao Teruid Electric Co., Ltd. 9. Qingdao Zhongrui Intelligent Instrument Co., Ltd. 10. Qingdao Hanhe Group Co., Ltd. [7] - The top ten manufacturing private enterprises include: 1. Sailun Group Co., Ltd. 2. Qingdao Guoen Technology Co., Ltd. 3. Qingdao Kangda Holdings Co., Ltd. 4. Qingdao Teruid Electric Co., Ltd. 5. Jifa Group Co., Ltd. 6. Qingdao Hanhe Group Co., Ltd. 7. Qingdao Te Group Co., Ltd. 8. Qingdao Senqilin Tire Co., Ltd. 9. Qingdao Haier Washing Appliance Co., Ltd. 10. Hailian Jinhui Technology Co., Ltd. [8] - The top ten service private enterprises include: 1. Wanda Guomao Group Co., Ltd. 2. Xinhua Jin Group Co., Ltd. 3. Shandong Neng Chain Holdings Co., Ltd. 4. Qingdao Century Ruifeng Group Co., Ltd. 5. Liqun Group Co., Ltd. 6. Ruiyuan Holdings Group Co., Ltd. 7. Riri Shun Supply Chain Technology Co., Ltd. 8. Zhongchu Logistics Co., Ltd. 9. Qingdao Xiehang International Logistics Co., Ltd. 10. Haicheng Bangda Supply Chain Management Co., Ltd. [9] - The top ten agricultural private enterprises include: 1. Shandong New Hope Liuhe Group Co., Ltd. 2. Qingdao Jiulian Group Co., Ltd. 3. Qingdao Mingyue Seaweed Group Co., Ltd. 4. Jiawo (Qingdao) Fruit Industry Co., Ltd. 5. Qingdao Luhai Feng Food Group Co., Ltd. 6. Qingdao Judaya Seaweed Group Co., Ltd. 7. Qingdao Wanfeng Group Co., Ltd. 8. Qingdao Pinpinhao Grain and Oil Group Co., Ltd. 9. Qingdao Tianxiang Food Group Co., Ltd. 10. Wudeli Group Qingdao Flour Co., Ltd. [10]

New Stock Issuance - Marco Polo (Stock Code: 001386) issued at a price of 13.75 on October 13, 2025[1] - New material company (Stock Code: 688585) has a tender offer period from September 29 to October 28, 2025[1] - Zitian (Stock Code: 300280) entered the delisting arrangement period with the last trading day on October 13, 2025[1] Market Alerts - Significant abnormal fluctuations reported for Pinming Technology (Stock Code: 688109) on October 10, 2025[1] - Multiple companies including Kesheng Technology (Stock Code: 688788) and Borui Pharmaceutical (Stock Code: 688166) have recent announcements regarding their stock activities[1] - A total of 30 companies have been flagged for abnormal trading activities, indicating potential market volatility[2]

证券代码： 600735 证券简称：ST新华锦 公告编号：2025-057 山东新华锦国际股份有限公司 股票交易异常波动公告 。 重要内容提示： ●山东新华锦国际股份有限公司（以下简称"公司"）股票价格于2025年9月30 日、10月9日、10月10日连续三个交易日内收盘价格跌幅偏离值累计超过12%，属于《 上海证券交易所交易规则》规定的股票交易异常波动情形。 ●经公司董事会自查及发函问询控股股东、实际控制人，截至本公告披露日，公 司不存在应披露而未披露的重大信息。 ●相关风险提示： 公司控股股东及其一致行动人股份质押风险：截至本公告披露日，公司控股股东 及其一致行动人合计持有公司股份185,596,152股，占公司股份总数的43.28%，累计质 押公司股份184,920,000股，占其持股总数的99.64%，占公司股份总数的43.13%。公司控 股股东及其一致行动人股份质押比例较高。 公司控股股东及其一致行动人股份被司法冻结和标记风险：截至本公告披露日， 公司控股股东及其一致行动人合计持有公司股份185,596,152股，占公司股份总数的 43.28%，其中司法冻结股份612,352股、司法标记股份184, ...

Core Viewpoint - ST Xinhua Jin announced that there is no undisclosed significant information as of the announcement date [1] Shareholding Summary - The controlling shareholder and its concerted parties hold a total of 185,596,152 shares, accounting for 43.28% of the total shares [1] - A total of 184,920,000 shares have been pledged by the controlling shareholder and its concerted parties, representing 99.64% of their total holdings and 43.13% of the total shares [1] - The high proportion of pledged shares by the controlling shareholder and its concerted parties indicates potential liquidity concerns [1]

Market Overview - The jewelry sector experienced a decline of 0.86% on October 10, with ST Xinhua Jin leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Individual Stock Performance - Notable gainers included: - Shen Zhonghua A (code: 000017) with a closing price of 7.11, up 3.19% on a trading volume of 463,500 shares and a turnover of 324 million yuan [1] - Ruibeka (code: 600439) closed at 2.85, up 1.42% with a trading volume of 209,200 shares and a turnover of 59.78 million yuan [1] - Chao Hong Ji (code: 002345) closed at 14.41, up 1.05% with a trading volume of 148,200 shares and a turnover of 214 million yuan [1] - Decliners included: - ST Xinhua Jin (code: 600735) closed at 4.80, down 4.95% with a trading volume of 5,980 shares and a turnover of 2.87 million yuan [2] - Mankalon (code: 300945) closed at 20.14, down 4.05% with a trading volume of 193,700 shares and a turnover of 2.67 million yuan [2] - Laikuntongling (code: 603900) closed at 10.21, down 4.04% with a trading volume of 136,400 shares and a turnover of 140 million yuan [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 156 million yuan from institutional investors, while retail investors had a net inflow of 181 million yuan [2] - Key capital flows for selected stocks included: - Chao Hong Ji (code: 002345) had a net inflow of 11.91 million yuan from institutional investors, but a net outflow of 9.05 million yuan from retail investors [3] - Feiya (code: 000026) saw a net inflow of 5.46 million yuan from institutional investors, with a net outflow of 4.25 million yuan from retail investors [3] - ST Xinhua Jin (code: 600735) had a significant net inflow of 0.78 million yuan from institutional investors, but a net outflow of 0.88 million yuan from retail investors [3]

New Stock Listings - New stock "Aomeisen" (920080) listed at an issue price of 8.25 on October 10, 2025[1] - "Shangwei New Materials" (688585) has a tender offer period from September 29 to October 28, 2025[1] Delisting and Trading Alerts - "Zitian Tui" (300280) is in the delisting arrangement period with only 1 trading day remaining[1] - "Pinming Technology" (688109) is experiencing severe abnormal fluctuations[1] Market Updates - Multiple companies including "Kesi Technology" (688788) and "Bory Medical" (688166) have recent announcements related to trading activities[1] - "Ganfeng Lithium" (002460) and "Luoyang Molybdenum" (603993) have also made recent disclosures[1] Additional Information - A total of 30 companies have been highlighted for various trading activities and announcements on October 10, 2025[1] - Links to detailed announcements for each company are provided for further insights[1]

Core Viewpoint - ST Xinhua Jin has encountered significant financial and operational risks, leading to a sharp decline in stock price and investor confidence [2]. Group 1: Financial Performance - The company is facing a serious operational risk with 406 million yuan in fund occupation, which is close to the delisting threshold [2]. - The net profit for 2024 has decreased by 354.59%, and the first half of 2025 shows a further decline of 39.45% [2]. Group 2: Shareholder and Regulatory Issues - The controlling shareholder has 99.64% of shares pledged, nearing full collateralization, and 99.97% of shares are frozen or marked, indicating severe financial risk [2]. - The company received a regulatory notice due to the controlling shareholder's shares being judicially frozen, reflecting ongoing financial issues [2]. Group 3: Market Sentiment and Stock Performance - Despite the introduction of a "low-price" concept on October 1, 2025, it failed to support the stock price amid multiple risk factors [2]. - The stock price has been influenced by various uncertainties, leading to a recent trading halt on October 10, 2025, as investors opted to exit due to concerns over future performance [2].

Group 1 - The core point of the article is the announcement by Xinhua Jin (SH 600735) regarding the dismissal of its Vice President and Chief Financial Officer, Cao Xu, and the appointment of Sun Huimin as the new CFO [1] - The decision to dismiss Cao Xu was made after considering various factors and was approved unanimously by the board during the third meeting of the 14th Board of Directors [1] - The company reported its revenue composition for the first half of 2025, with hair products accounting for 61.93%, e-commerce for 21.37%, textiles for 14.87%, others for 1.81%, and graphite for 0.01% [1] Group 2 - As of the report, Xinhua Jin has a market capitalization of 2.4 billion [1]

Group 1 - The core viewpoint of the news is that the China-South Korea Free Trade Zone concept has experienced a decline of 0.91%, ranking among the top declines in concept sectors, with specific stocks like ST Xinhua Jin hitting the daily limit down [1][3] - The main stocks within the China-South Korea Free Trade Zone concept that saw significant declines include Rizhao Port, Qingdao Food, and Qingdao Port, which contributed to the overall downturn of the sector [1][2] Group 2 - The China-South Korea Free Trade Zone concept faced a net outflow of 0.24 billion yuan in capital today, with nine stocks experiencing net outflows, led by Rizhao Port with a net outflow of 13.43 million yuan [2] - Other notable stocks with significant net outflows include Liao Port Co. with 11.94 million yuan, Qingdao Jinwang with 9.12 million yuan, and Haicheng Bangda with 2.05 million yuan [2] - Conversely, stocks such as Qingdao Double Star, Langzi Co., and Lianyungang saw net inflows of 7.49 million yuan, 6.34 million yuan, and 1.62 million yuan respectively [2]