证券代码： 600735 证券简称：ST新华锦 公告编号：2025-062 山东新华锦国际股份有限公司 关于控股股东及其一致行动人股份被司法冻结的公告 。 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"）控股股东山东鲁锦进出口 集团有限公司（以下简称"鲁锦集团"）持有公司股份185,532,352股，占公司股份总 数的43.27%。截至本公告披露日，鲁锦集团持有的公司股份被司法冻结股份612,352 股、司法标记股份184,920,000股，合计占其所持公司股份总数的100%，占公司股份 总数的43.27%；本次司法轮候冻结股份3,515,642股，占其所持公司股份总数的1.89%， 占公司股份总数的0.82%；累计被司法轮候冻结股份189,047,994股，占其所持公司股 份总数的101.89%，占公司股份总数的44.09%。 ●控股股东之一致行动人张航持有公司股份63,800股，占公司股份总数的0.01%。 本次被司法冻结63,800股，占其所持公司股份总数的100%，占公司股份总数的0.01%。 | 股东名称 | 持股数量 | 持股比例 | 累计被冻结 | 累计被标记 | 合计占其所 | ...

证券代码： 600735 证券简称：ST新华锦 公告编号：2025-063 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10月24 日、10月27日、10月28日连续三个交易日内收盘价格涨幅偏离值累计超过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。 关联方清偿占用资金计划发生重大变化的风险：控股股东与新华锦集团有限公 司原计划出售山东即墨黄酒厂有限公司的全部股权给青岛啤酒股份有限公司，股权 转让款用以清偿占用的上市公司非经营性资金，目前该交易已终止。 一、股票交易异常波动的具体情况 ●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 ...

Group 1 - The concept of the China-South Korea Free Trade Zone rose by 1.65%, ranking fifth among concept sectors, with 11 stocks increasing, including Qingdao Double Star and ST Xinhua Jin hitting the daily limit [1] - Notable gainers in the sector included Spring Snow Food, Huaguang Source Sea, and Zhongchuang Logistics, which rose by 4.36%, 1.39%, and 1.23% respectively [1] - The stocks with the largest declines included Haicheng Bangda, Langzi Co., and Qingdao Jinwang, which fell by 2.21%, 0.90%, and 0.49% respectively [1] Group 2 - The top-performing concept sectors today included Cross-Strait with a rise of 4.29%, and Military Equipment Restructuring Concept with a rise of 3.22% [2] - The China-South Korea Free Trade Zone concept was among the top gainers, with a 1.65% increase, while several metal concepts experienced declines [2] - The net outflow of main funds from the China-South Korea Free Trade Zone concept was 0.45 billion yuan, with six stocks seeing net inflows [2] Group 3 - ST Xinhua Jin, Haodangjia, and Lianyungang had the highest net inflow ratios, with 18.88%, 2.67%, and 2.53% respectively [3] - The top stocks in the China-South Korea Free Trade Zone concept based on net inflow included ST Xinhua Jin with a 4.98% increase and a turnover rate of 2.18% [3] - Qingdao Double Star saw a significant decline of 10.06% with a turnover rate of 6.55%, indicating a notable outflow of funds [3]

Market Overview - As of 10:33 AM today, the Shanghai Composite Index is at 3993.52 points, slightly down by 0.09% and remains above the annual line [1] - The total trading volume of A-shares today is 10089.87 billion yuan [1] Stocks Breaking Annual Line - A total of 50 A-shares have surpassed the annual line today, with notable stocks including Ruifeng New Materials, *ST Tianyu, and Jiayun Technology, showing significant deviation rates of 4.67%, 3.80%, and 3.73% respectively [1] - Stocks with smaller deviation rates that have just crossed the annual line include Yanhua Intelligent, Zhongchuang Co., and Lijiang Co. [1] Top Stocks by Deviation Rate - The top three stocks with the highest deviation rates from the annual line are: - Ruifeng New Materials (5.87% increase, deviation rate 4.67%) - *ST Tianyu (4.94% increase, deviation rate 3.80%) - Jiayun Technology (4.60% increase, deviation rate 3.73%) [1] - Other notable stocks include: - ST Xinhua Jin (4.98% increase, deviation rate 3.59%) - Haixing Power (9.99% increase, deviation rate 3.47%) [1] Additional Stock Performance - The performance of other stocks includes: - Senyuan Electric (4.14% increase, deviation rate 3.36%) - Fuchun Co. (5.18% increase, deviation rate 3.28%) - Knight Dairy (3.47% increase, deviation rate 3.23%) [1] - The table lists various stocks with their respective trading performance, turnover rates, annual line prices, latest prices, and deviation rates [1][2]

Core Viewpoint - Qingdao Beer has officially terminated its acquisition of 100% equity in Jimo Yellow Wine, which was initially valued at 665 million yuan, due to unmet conditions in the equity transfer agreement [1][5]. Company Summary - The acquisition aimed to diversify Qingdao Beer's business beyond beer, as the Chinese beer industry faces slowing growth, with a projected 0.6% decline in beer production for 2024 and a 5.3% decrease in Qingdao Beer's revenue [2]. - Jimo Yellow Wine, established in 1949, is a representative of northern yellow wine, with its "Jimo" brand recognized as a "Chinese Time-honored Brand" since 2006. In 2024, it reported a revenue of 166 million yuan, up 13.5%, and a net profit of 30.47 million yuan, up 38% [4]. Industry Context - The traditional yellow wine sector is experiencing a revival, driven by national trends and innovation from leading liquor companies, indicating a significant national expansion [3]. Financial Implications - The termination of the acquisition is expected to have severe financial repercussions for ST Xinhuajin, which was relying on the 665 million yuan from the sale to address a 406 million yuan fund occupation issue [10][11]. - ST Xinhuajin's stock faces delisting risks if it fails to recover the occupied funds by February 2026, as indicated by regulatory measures [12]. Legal and Operational Challenges - The termination was influenced by a series of equity freezes affecting Jimo Yellow Wine, totaling over 100 million yuan, primarily linked to its major shareholders, which created significant legal and operational barriers for the acquisition [6][9]. - The equity freeze was deemed a "significant adverse change," leading to the automatic termination of the acquisition agreement after the stipulated 120-day period [9].

Core Viewpoint - Qingdao Beer has officially terminated its acquisition of 100% equity in Jimo Yellow Wine, which was initially valued at 665 million yuan, due to unmet conditions in the share transfer agreement [2][4]. Group 1: Acquisition Details - The acquisition was announced on May 7, 2023, with the aim of diversifying Qingdao Beer's business beyond beer, as the beer industry in China faces slowing growth [4][5]. - Jimo Yellow Wine, established in 1949, reported a revenue of 166 million yuan in 2024, a year-on-year increase of 13.5%, and a net profit of 30.47 million yuan, up 38.0% [5]. Group 2: Reasons for Termination - The termination was attributed to the failure to meet the preconditions for delivery as stipulated in the share transfer agreement, primarily due to a significant share freeze affecting Jimo Yellow Wine [7][9]. - Since September 2023, over 100 million yuan worth of shares in Jimo Yellow Wine have been frozen, linked to financial disputes involving its major shareholders [7][10]. Group 3: Impact on ST Xinhua Jin - The termination of the acquisition has significant implications for ST Xinhua Jin, which was relying on the 665 million yuan from the sale to resolve a 406 million yuan fund occupation issue [12][13]. - Without this critical funding, ST Xinhua Jin faces increased pressure to liquidate other assets to address its financial challenges and avoid delisting [14].

Market Overview - The jewelry sector increased by 0.84% on October 27, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 6.02, up 5.06% with a trading volume of 513,300 shares and a turnover of 294 million yuan [1] - Chao Hong Ji (002345) closed at 13.57, up 4.38% with a trading volume of 253,200 shares and a turnover of 34 million yuan [1] - Man Ka Long (300945) closed at 18.04, up 1.46% with a trading volume of 103,100 shares and a turnover of 185 million yuan [1] - Di A Shares (301177) closed at 33.12, up 1.38% with a trading volume of 16,000 shares and a turnover of 52.55 million yuan [1] - Other notable stocks include Rui Beika (600439) at 2.90, up 0.69%, and Jin Yi Culture (002721) at 3.38, up 0.60% [1] Capital Flow Analysis - The jewelry sector saw a net inflow of 63.18 million yuan from main funds, while retail funds experienced a net outflow of 29.35 million yuan [2] - Main funds showed significant inflows in ST Xinhua Jin (28.17 million yuan) and Chao Hong Ji (26.85 million yuan) [3] - Conversely, China Gold (600916) had a net inflow of 15.71 million yuan from retail funds, despite a net outflow from main and speculative funds [3]

ST新华锦（维权）上演"地天板"行情，股价从跌停拉升至涨停，截至10:16，该股成交量3897.18万股， 成交额2.19亿元，振幅达10.12%，换手率9.16%，涨停板封单金额为17.76万元。（数据宝） ...

Core Viewpoint - Qingdao Beer has terminated its acquisition of 100% equity in Jimo Yellow Wine due to unmet conditions outlined in the share transfer agreement [1][3]. Group 1: Transaction Details - The acquisition was initially valued at 6.65 billion yuan, aimed at resolving financial issues faced by Jimo Yellow Wine's major shareholder, Xinhua Jin Group [4][5]. - The termination of the deal is linked to the freezing of Jimo Yellow Wine's shares, totaling approximately 127 million yuan since September, attributed to severe financial problems of Xinhua Jin Group [3][4]. Group 2: Financial Implications - Jimo Yellow Wine's projected revenue for 2024 is 166 million yuan, with a net profit of 30.47 million yuan and net assets of 203 million yuan [5]. - The acquisition price would have resulted in a price-to-earnings (PE) ratio of 21.8 and a price-to-book (PB) ratio of 3.27, compared to industry leaders with lower PB ratios [5]. Group 3: Market Context - The yellow wine industry is under scrutiny regarding whether Jimo Yellow Wine is worth more than 6.6 billion yuan, especially given its smaller scale compared to competitors [5][6]. - Qingdao Beer's interest in Jimo Yellow Wine was driven by the potential for growth and diversification of its product offerings [6].

Core Viewpoint - Qingdao Beer announced the termination of its acquisition of Jimo Huangjiu due to unmet conditions in the share transfer agreement, following significant equity freezes affecting Jimo Huangjiu [1][2][4]. Group 1: Acquisition Details - Qingdao Beer planned to acquire 100% of Jimo Huangjiu, but the deal fell through after over five months due to unmet delivery conditions outlined in the share transfer agreement [2][4]. - The share transfer agreement stipulated that all major operations should continue normally without significant adverse changes during the transition period, which was not upheld [4][6]. - The agreement had a validity period of 120 days, which expired without the necessary conditions being met, leading to the automatic termination of the deal [4][6]. Group 2: Impact of Equity Freezes - Jimo Huangjiu faced over 100 million yuan in frozen equity, which was a critical factor in the acquisition's failure [2][3][6]. - The freezing of shares was executed against Jimo Huangjiu's major shareholders, which legally prevented the completion of the share transfer as per the original agreement [6][8]. - The equity freeze was described as the "biggest obstacle" to the acquisition, with the urgency of ST Xinhua Jin's situation also influencing the decision to terminate the deal [6][7]. Group 3: Consequences for Stakeholders - The termination of the acquisition is expected to have minimal impact on Qingdao Beer, as its core business remains focused on beer, with limited expectations from the Huangjiu segment [7]. - For Jimo Huangjiu, missing the opportunity to partner with Qingdao Beer is seen as a significant loss, as it would have provided essential resources and market experience [7][8]. - ST Xinhua Jin, which was relying on the 665 million yuan from the sale to address financial issues, now faces increased pressure and potential delisting risks due to the failed acquisition [8].