证券代码： 600735 证券简称：ST新华锦 公告编号：2026-008 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2026年1月21 日、1月22日、1月23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。 ●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： 公司股票存在可能被实施退市风险警示的风险：公司存在关联方非经营性资金 占用并于2025年8月25日收到青岛证监局的《行政监管措施决定书》，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，公司股票将被终止上市交易。截至本公告披露日，资金占用具体解决方案尚 未确定。请广大投资者理性决策，审慎投资，注意投资风险。 占用资金无法获得全额清偿的风险：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"）、间接控股 ...

Group 1 - The company ST Xinhua Jin expects to report a net profit attributable to shareholders of the parent company ranging from -142 million to -95 million yuan for the fiscal year 2025, indicating a projected loss [1] - Haizheng Graphite has not completed the necessary procedures for mining operations, including obtaining land use rights, safety production permits, and environmental impact assessment approvals, which means it cannot commence mining activities in the short term [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -142 million and -95 million RMB, indicating a loss[1][2] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -163 million and -109 million RMB[1][2] - The previous year's net profit attributable to shareholders was -133.78 million RMB, with a total profit of -21.60 million RMB[3] Asset Impairment and Regulatory Issues - The company plans to recognize impairment losses on certain assets and goodwill, including inventory and credit impairment losses, based on asset impairment testing[4] - The preliminary estimates of the performance forecast have not been audited by a registered accounting firm[5] - The company has received an administrative regulatory decision from the Qingdao Securities Regulatory Bureau regarding the occupation of funds, which may lead to stock suspension if not resolved[7] Risks and Stability Concerns - There are risks related to non-operating fund occupation by related parties, with potential low recovery rates due to bankruptcy proceedings of major shareholders[6] - The company faces risks regarding control stability due to the bankruptcy restructuring of its major shareholders[7]

Group 1 - The core viewpoint of the article is that ST Xinhua Jin is forecasting a net loss for the fiscal year 2025, with an expected loss ranging from 142 million yuan to 95 million yuan attributed to asset impairment tests [1] - The primary reason for the expected loss is the cautious approach taken by the company to conduct year-end impairment tests on relevant assets, which includes goodwill impairment, inventory write-downs, and credit impairment losses [1] - As of the date of the announcement, the impairment testing of the related assets and goodwill is still ongoing, and the impact on the earnings forecast is based on preliminary estimates, with the final impairment amount to be disclosed in the audited annual report [1]

Group 1 - The core viewpoint of the article indicates that ST Xinhua Jin (600735) is expected to report a net loss attributable to shareholders of the parent company ranging from -142 million to -95 million yuan for the fiscal year 2025 [1] - The company, Haizheng Graphite, has not completed the necessary procedures for mining operations, including obtaining land use rights, safety production permits, and environmental impact assessment approvals, which prevents it from commencing mining activities in the short term [1]

Core Viewpoint - ST Xinhua Jin (600735.SH) is expected to report a net loss attributable to shareholders of the parent company ranging from -142 million to -95 million yuan for the fiscal year 2025, indicating a financial downturn [1] Group 1 - The company is facing operational challenges due to the inability to commence mining activities [1] - Haizheng Graphite has not completed necessary procedures such as obtaining land use rights, safety production permits, and environmental impact assessment approvals, which are required for mining operations [1]

Market Overview - The Shanghai Composite Index closed at 4136.16 points, up 0.33%, with a trading volume of 1.3369 trillion yuan. The Shenzhen Component Index rose 0.79% to 14439.66 points, with a trading volume of 1.7484 trillion yuan. The ChiNext Index increased by 0.63% to 3349.50 points, with a trading volume of 822.63 billion yuan. The STAR Market 50 Index closed at 1553.71 points, up 0.78%, with a trading volume of 110.8 billion yuan. The total trading volume of both markets was 3.0853 trillion yuan, an increase of 393.5 billion yuan compared to the previous trading day [1]. Sector Performance - The market saw more sectors gaining than losing, with notable increases in power equipment, non-ferrous metals, precious metals, defense and military, steel, media, computer, environmental protection, and textile and apparel sectors. Concepts such as perovskite batteries, commercial aerospace, satellite internet, sapphire, lithium mining, cultivated diamonds, small metals, gold, and interactive short dramas were particularly active. In contrast, sectors like communication, insurance, banking, coal, and home appliances experienced declines [1]. Individual Stock Performance - A total of 3707 stocks rose, while 1336 stocks fell, with 134 stocks remaining flat and 6 stocks suspended. Excluding newly listed stocks, there were 120 stocks hitting the daily limit up and 2 stocks hitting the limit down [2]. - Among the stocks that hit the daily limit up, 23 stocks had consecutive limit-up days of 2 or more, with Fenglong Co., Ltd. leading with 18 consecutive limit-ups [3]. Capital Flow - The net capital outflow from the two markets was 4.167 billion yuan, with the ChiNext seeing a net inflow of 1.515 billion yuan. The CSI 300 index experienced a net outflow of 1.005 billion yuan, while the STAR Market saw a net outflow of 3.171 billion yuan. Out of 31 sectors, 13 sectors had net capital inflows, with the power equipment sector leading with a net inflow of 8.977 billion yuan [4][6]. - The top sectors with net inflows included non-ferrous metals (4.552 billion yuan), media (2.173 billion yuan), and defense and military (2.157 billion yuan). Conversely, the communication sector had the highest net outflow of 7.992 billion yuan, followed by electronics (6.350 billion yuan) and machinery (5.077 billion yuan) [4][6]. Notable Stocks - 191 stocks had net capital inflows exceeding 1 billion yuan, with Jin Feng Technology receiving the highest net inflow of 1.861 billion yuan. Other notable stocks included Lens Technology (1.594 billion yuan), Qian Zhao Optoelectronics (1.267 billion yuan), and Xian Dao Intelligent (1.217 billion yuan) [7][8]. - Conversely, 116 stocks experienced net capital outflows exceeding 1 billion yuan, with Xin Yi Sheng leading with a net outflow of 3.471 billion yuan, followed by Zhong Ji Xu Chuang (3.103 billion yuan) and Li Ou Shares (2.604 billion yuan) [10][11]. Institutional Activity - Institutional investors had a net selling of approximately 1.02 billion yuan, with 22 stocks seeing net purchases and 14 stocks net sales. Jin Feng Technology was the most purchased stock by institutions, with a net purchase amount of approximately 266 million yuan [13][14].

Core Viewpoint - The jewelry sector experienced a significant increase of 4.34% on January 23, with Jin Yi Culture leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4136.16, up 0.33% [1] - The Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Key stocks in the jewelry sector showed notable price increases, with Jin Yi Culture rising by 10.06% to a closing price of 3.61 [1] Group 2: Stock Performance - China Gold (600916) increased by 10.02% to a closing price of 9.22, with a trading volume of 146.10 million [1] - Chao Hong Ji (002345) rose by 7.42% to a closing price of 14.33, with a trading volume of 34.21 million [1] - ST Xin Hua Jin (600735) saw a 5.00% increase, closing at 6.51, with a trading volume of 8.97 million [1] Group 3: Capital Flow - The jewelry sector saw a net inflow of 5.11 billion in main funds, while retail investors experienced a net outflow of 2.07 billion [1] - Major stocks like China Gold had a main fund net inflow of 4.05 million, but retail investors had a net outflow of 1.80 million [2] - Jin Yi Culture had a main fund net inflow of 1.79 million, with retail investors showing a net outflow of 9.38 million [2]

Group 1 - The graphene concept continues to strengthen, with companies such as Yuzhong Sanxia A, Zhongchao Holdings, and ST Xinhua Jin hitting the daily limit up [1] - Other companies like Zhongtian Technology, Mannesmann, Dao's Technology, Water Holdings, Maigemit, and Greenmei also experienced gains [1]

Core Viewpoint - ST Xinhua Jin has reached a trading limit with a price of 6.2 yuan, reflecting a 5% increase, and a total market value of 2.791 billion yuan, indicating positive market sentiment driven by various strategic developments [1][2]. Group 1: Company Developments - The company operates in "new trade and new materials," possessing two high-quality graphite mines that are part of a city-level green mine project, providing a resource advantage in the graphite new materials sector [2]. - ST Xinhua Jin is expanding its presence in the elderly care industry, establishing a regional layout across four cities: Qingdao, Weihai, Qionghai, and Luoyang, which positions the company to capture a share of the growing market due to China's aging population [2]. - The company has signed a share transfer agreement and arranged for the pledge of accounts receivable to address a 406 million yuan fund occupation issue, alleviating market concerns regarding potential delisting risks [2]. Group 2: Market Dynamics - Although specific data on capital flow and technical indicators are not available, the positive developments surrounding the company may attract investment, contributing to the stock's trading limit [2]. - The stock's performance may also be influenced by the overall market environment and related sectors, suggesting that movements in similar stocks could impact ST Xinhua Jin's trading activity [2].