Core Viewpoint - The company, Jinmei Technology (600844.SH), has received approval from the Shanghai Stock Exchange for its application to issue shares to specific targets, indicating compliance with issuance and listing conditions as well as information disclosure requirements [1] Group 1 - The company received the approval notice from the Shanghai Stock Exchange on November 3, 2025 [1] - The approval confirms that the company's application meets the necessary conditions for issuance and listing [1] - The application documents will be submitted to the China Securities Regulatory Commission for registration after the exchange's review [1]

获得上海证券交易所审核通过的公告 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个别及连带责任。 证券代码：600844，900921 证券简称：金煤科技，金煤 B 股 编号：临 2025－051 内蒙古金煤化工科技股份有限公司 关于向特定对象发行股票申请 内蒙古金煤化工科技股份有限公司 公司于 2025 年 11 月 3 日收到上海证券交易所（以下简称"上交所"）出具 的《关于内蒙古金煤化工科技股份有限公司向特定对象发行股票的交易所审核意 见》，认为公司向特定对象发行股票申请符合发行条件、上市条件和信息披露要 求。上交所将在收到公司申请文件后提交中国证券监督管理委员会（以下简称"中 国证监会"）注册。 公司本次向特定对象发行股票事项尚需经中国证监会作出同意注册的决定 后方可实施，最终能否获得中国证监会同意注册的决定及其时间尚存在不确定性。 公司将根据进展情况，严格按照上市公司向特定对象发行股票相关法律法规的要 求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。 董事会 2025 年 11 月 4 日 ...

Core Viewpoint - The company has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, pending final registration by the China Securities Regulatory Commission [1] Group 1 - The company received the review opinion from the Shanghai Stock Exchange on November 3, 2025, indicating that the application meets the issuance conditions, listing conditions, and information disclosure requirements [1] - The Shanghai Stock Exchange will submit the company's application documents to the China Securities Regulatory Commission for registration after receiving them [1] - The implementation of the share issuance is contingent upon the approval from the China Securities Regulatory Commission, and there is uncertainty regarding the timing and outcome of this approval [1]

Group 1 - The core point of the article is that Jinmei Technology (600844.SH) reported its Q3 2025 results, highlighting a decrease in institutional ownership compared to the previous quarter [1] Group 2 - As of October 30, 2025, five institutional investors disclosed holding a total of 261 million shares of Jinmei Technology, representing 25.72% of the company's total share capital [1] - The institutional investors include Inner Mongolia Jinrui Hongji Enterprise Management Co., Ltd., Jiangsu Danhua Group Co., Ltd., and others [1] - The total institutional ownership decreased by 2.45 percentage points compared to the previous quarter [1]

Core Viewpoint - Jinmei Technology, established in 1994, is a significant player in the coal chemical industry, focusing on the production of coal chemical products with unique technology and industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Jinmei Technology reported revenue of 688 million yuan, ranking 7th among 8 companies in the industry. The top company, Huayi Group, achieved revenue of 35.708 billion yuan, while the industry average was 14.059 billion yuan [2] - The main business revenue composition includes ethylene glycol at 326 million yuan (68.83%) and oxalic acid at 122 million yuan (25.72%) [2] - The net profit for the same period was -111 million yuan, placing the company 8th in the industry. The leading company, Baofeng Energy, reported a net profit of 8.95 billion yuan, with the industry average at 1.328 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jinmei Technology's debt-to-asset ratio was 79.39%, up from 61.16% year-on-year, significantly higher than the industry average of 40.35%, indicating substantial debt pressure [3] - The gross profit margin for Q3 2025 was -0.57%, an improvement from -20.75% year-on-year, but still below the industry average of 14.20%, suggesting a need for enhanced profitability [3] Group 3: Management Compensation - The chairman, Jiang Tao, received a salary of 637,000 yuan in 2024, while the general manager, Cheng Guojun, earned 700,000 yuan, an increase from 358,300 yuan in 2023 [4] Group 4: Shareholder Information - As of May 29, 2019, the number of A-share shareholders increased by 153.36% to 33,800, with an average holding of 24,300 circulating A-shares, up 1072.94% [5]

Core Viewpoint - Jinmei Technology reported a revenue of 688 million yuan for the first three quarters of 2025, marking a year-on-year increase of 17.17%, while the net profit attributable to shareholders was -88.80 million yuan, a year-on-year increase of 55.28% [1] Financial Performance - The basic earnings per share for the reporting period was -0.09 yuan, with a weighted average return on equity of -48.16% [2] - The current price-to-earnings ratio (TTM) is approximately -11.59 times, the price-to-book ratio (LF) is about 19.88 times, and the price-to-sales ratio (TTM) is around 3.69 times [2] - The gross profit margin for the first three quarters of 2025 was -0.57%, an increase of 20.17 percentage points year-on-year; the net profit margin was -16.11%, up 27.12 percentage points from the same period last year [2] - In Q3 2025, the gross profit margin was 5.71%, a year-on-year increase of 36.76 percentage points and a quarter-on-quarter increase of 7.86 percentage points; the net profit margin was -8.90%, up 50.58% year-on-year and 10.35 percentage points quarter-on-quarter [2] Expense Management - During the reporting period, the company's period expenses amounted to 88.62 million yuan, a decrease of 21.08 million yuan year-on-year; the expense ratio was 12.89%, down 5.80 percentage points from the previous year [2] - Sales expenses decreased by 41.75% year-on-year, management expenses decreased by 20.58%, R&D expenses decreased by 85.63%, and financial expenses decreased by 3.04% [2] Shareholder Structure - As of the end of Q3 2025, the total number of shareholders was 52,700, a decrease of 9,247 from the end of the previous half-year, representing a decline of 14.94%; the average market value per shareholder decreased from 57,600 yuan to 56,800 yuan, a decline of 1.53% [3] Company Overview - Jinmei Technology, established on February 17, 1994, and listed on March 11, 1994, is located in Hohhot, Inner Mongolia, and primarily engages in the production of coal chemical products [3] - The main business revenue composition includes: ethylene glycol (68.83%), oxalic acid (25.72%), dimethyl carbonate (1.69%), oxalic acid powder (1.33%), and other products [3] - The company belongs to the Shenwan industry classification of basic chemicals - chemical raw materials - coal chemicals, and is associated with concepts such as low price, small cap, coal chemicals, equity transfer, and biodegradable products [3]

内蒙古金煤化工科技股份有限公司 2025 年三季度主要经营数据公告 证券代码：600844，900921 证券简称：金煤科技，金煤 B 股 编号：临 2025－050 | 主要原材料名称 | 2025 | 年三季度平 | 2025 年二季度平 | 变动幅度（%） | | --- | --- | --- | --- | --- | | | 均进价（元/吨） | | 均进价（元/吨） | | | 褐煤 | 446.16 | | 471.95 | -5.46% | | 高卡煤 | 709.56 | | 726.43 | -2.32% | 子公司通辽金煤化工有限公司于 2025 年 10 月 9 日起开始例行停车检修，截 止本公告披露日，检修已基本完成，生产装置陆续开车中。 本公告之经营数据未经审计，公司董事会提醒投资者审慎使用上述数据。 特此公告。 内蒙古金煤化工科技股份有限公司 董事会 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个别及连带责任。 公司 2025 年三季度主要经营数据披露如下： 二、主要产品的价格变动情况（含税） | 主要 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 214,151,905.76, an increase of 14.34% compared to the same period last year[3]. - The total profit for the third quarter was a loss of CNY 19,025,466.30, with a year-to-date total profit loss of CNY 110,438,125.17[3]. - The net profit attributable to shareholders for the third quarter was a loss of CNY 15,995,006.25, with a year-to-date loss of CNY 88,802,442.98[3]. - The basic earnings per share for the third quarter was -CNY 0.0157, showing a significant reduction in losses compared to -CNY 0.0874 for the same period last year[4]. - The company experienced an 82.76% increase in total profit for the third quarter compared to the previous year[7]. - Total operating revenue for the first three quarters of 2025 reached ¥687,593,312.78, an increase of 17.2% compared to ¥586,854,229.49 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was -¥110,740,440.62, an improvement from -¥253,670,979.69 in the same period of 2024[18]. - Basic and diluted earnings per share improved to -¥0.0874 from -¥0.1953 year-over-year[19]. - The company reported a total comprehensive loss of -¥111,253,445.84 for the first three quarters of 2025, compared to -¥255,775,175.86 in the same period of 2024[19]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 24,178,244.76, a 149.59% increase compared to the previous year[3]. - The company reported cash and cash equivalents of ¥131,308,856.83, up from ¥11,150,246.93 in the previous year[13]. - Cash inflow from operating activities increased to ¥813,588,384.00, up from ¥719,634,378.83 in the previous year, marking a growth of 13.0%[20]. - The company reported a total cash inflow from operating activities of $789.41 million, slightly up from $768.39 million in the previous period[21]. - The company's cash and cash equivalents increased by $12.60 million, compared to a decrease of $1.40 million in the prior period, resulting in an ending balance of $23.75 million[21]. - The impact of exchange rate changes on cash and cash equivalents was $7,173.13, showing minimal fluctuation[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,310,093,194.36, reflecting a 2.89% increase from the end of the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥244,621,842.45, an increase from ¥133,234,366.92 in the previous year[13]. - Total current liabilities rose to ¥972,364,718.62 from ¥832,335,122.03 in the previous year[14]. - Total liabilities rose to ¥1,040,124,867.97 from ¥892,116,942.47, an increase of 16.6%[15]. - Total equity attributable to shareholders decreased to ¥139,718,999.16 from ¥229,034,447.36, a decline of 39.0%[15]. Shareholder Information - The largest shareholder, Inner Mongolia Jinruihong Enterprise Management Co., Ltd., holds 152,500,000 shares, representing 15.00% of total shares[10]. - Jiangsu Danhua Group holds 67,550,050 shares, accounting for 6.65% of total shares[10]. - The company has no significant changes in the top 10 shareholders due to securities lending or borrowing activities[11]. - The company has no significant related party transactions among the top shareholders[11]. Operational Strategy - The company plans to continue focusing on improving operational efficiency and reducing costs to enhance profitability in the future[2]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. Research and Development - Research and development expenses significantly decreased to ¥242,721.08 from ¥1,689,419.59, a reduction of 85.6%[18]. Cash Flow from Investing and Financing Activities - Total cash outflow from investing activities amounted to $73.48 million, up from $12.61 million in the prior period, resulting in a net cash flow from investing activities of -$67.51 million[21]. - Cash paid for debt repayment was $97.19 million, compared to $148.40 million in the prior period[21]. - Cash paid for purchasing goods and services was ¥659,676,946.20, compared to ¥578,880,480.20 in the same period last year, indicating an increase of 13.9%[20]. - Cash inflow from financing activities was $172.03 million, a decrease from $243.00 million in the previous period, with a net cash flow from financing activities of $55.92 million[21]. Management Team - The company’s management team includes Jiang Tao as the responsible person, Jiang Yongfei as the accounting supervisor, and Chen Lihua as the head of the accounting institution[21].

证券代码：600844，900921 证券简称：金煤科技，金煤 B 股 编号：临 2025－049 内蒙古金煤化工科技股份有限公司 关于公司收到《民事上诉状》暨诉讼进展的公告 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个别及连带责任。 重要内容提示： 1. 案件所处的诉讼阶段：一审判决后原告提出上诉 2. 上市公司所处的当事人地位：被上诉人 公司原股东吉林丰成顺农业有限公司（以下简称"吉林丰成顺"）认为公司 在 2015 年非公开发行股票中存在证券虚假陈述，向法院提起诉讼，要求公司赔 偿其损失 132,754,299 元，案件审理期间吉林丰成顺将诉讼请求变更为 89,697,146 元。 内蒙古呼和浩特市中级人民法院经过审理，于 2025 年 9 月 24 日下达《民事 判决书》【（2025）内 01 民初 78 号】，一审判决驳回原告吉林丰成顺的诉讼请求。 一审诉讼相关情况详见公司于 2024 年 8 月 14 日披露的《诉讼公告》、2025 年 4 月 22 日和 2025 年 9 月 26 日披露的《诉讼进展公告》。 二、本次 ...

Core Viewpoint - Jinmei Technology (600844.SH) is under scrutiny from the Shanghai Stock Exchange regarding its stock issuance plan aimed at its controlling shareholder, Jin Rui Hong Ji, raising concerns about compliance and control stability [1] Group 1: Regulatory Concerns - The issuance plan is entirely directed towards the controlling shareholder at a price of 1.86 yuan per share, with the pricing reference date set for July 22, 2024 [1] - There is a significant concern regarding the compliance of the delayed shareholders' meeting, which was postponed due to the company's relocation to Inner Mongolia and the need for regulatory adjustments [1] - Jin Rui Hong Ji's share pledge ratio stands at 79.15%, prompting regulatory inquiries about the source of subscription funds and the potential impact on control stability [1] Group 2: Company Responses - Jinmei Technology explained that the issuance is intended to enhance operational funds and improve financial conditions, while also reinforcing control and market confidence [1] - The company clarified that the delayed shareholders' meeting is due to necessary compliance adjustments, with the meeting now scheduled for March 5, 2025 [1] - The closing price of 2.63 yuan per share is justified as it is higher than the issuance price, with the average trading price over the previous 20 days being 2.33 yuan per share, indicating no harm to minority shareholders [1] Group 3: Funding and Financial Needs - The subscription funds from Jin Rui Hong Ji will come from loans provided by Zhongze Holdings, controlled by the actual controller Yu Zeguo, which has sufficient liquidity and has committed not to engage in stock pledge financing [1] - Post-issuance, Jin Rui Hong Ji's shareholding is expected to be 32.54%, with a lock-up period of 36 months in compliance with regulations [1] - The company estimates a funding gap of approximately 508.47 million yuan over the next three years, which exceeds the fundraising target of 491.59 million yuan, highlighting the necessity and reasonableness of the financing scale [1]