证券代码：603188 证券简称：亚邦股份 公告编号：2025-051 江苏亚邦染料股份有限公司 关于为全资子公司江苏亚邦华尔染料有限公司 银行贷款提供担保的公告 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。 重要内容提示： （二）内部决策程序 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 1,000 | 江苏亚邦华尔染料有限公司 万元 | | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 (不含本次担保金额） | 9,450 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | 是 | 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 18,850.00 | | 对外担保总额占上市公司最近一 | 27.35 | | ...

Group 1 - The core point of the news is that Yabang Co., Ltd. (603188.SH) announced that its 15% stake in Jiangsu Renxin Environmental Technology Co., Ltd. is undergoing bankruptcy liquidation as per the court's decision [2][3] - The bankruptcy application was filed by a creditor, Chuangnan Chengzhi Chemical Equipment Sales Co., Ltd., due to Renxin Environmental's inability to repay its debts, which meets the criteria for bankruptcy liquidation under the Enterprise Bankruptcy Law [3] - Yabang Co., Ltd. has provided guarantees for Renxin Environmental's financing lease business and has compensated a total of 86.76 million yuan for overdue payments [2][4] Group 2 - Renxin Environmental was established in January 2015 with a registered capital of 100 million yuan, focusing on environmental technology research and the processing of waste acids [3] - The bankruptcy management will be handled by Jiangsu Gushenmin Law Firm, with the first creditors' meeting scheduled for January 16, 2026 [3] - Yabang Co., Ltd. has initiated a recovery lawsuit against Renxin Environmental to reclaim the compensated amount, but the outcome remains uncertain as the case is still under court review [4] Group 3 - Yabang Co., Ltd. has faced significant financial challenges since 2018, primarily due to production halts in its main production area caused by safety and environmental issues, leading to declining sales and increased operational pressure [6][7] - The company reported a cumulative loss of 276.4 million yuan over six years from 2019 to 2024, with annual revenues showing a downward trend during this period [7] - However, there has been a slight recovery in 2025, with a reported revenue of 572 million yuan in the third quarter, marking a year-on-year increase of 3.87% and a return to profitability with a net profit of 20.63 million yuan [8]

Core Viewpoint - The announcement from Yabang Co., Ltd. indicates that its associate company, Jiangsu Renxin Environmental Technology Co., Ltd., is undergoing bankruptcy liquidation due to an inability to repay debts totaling 22.92 thousand yuan, which raises concerns about the financial health of Yabang's investment [1][2][3]. Group 1: Bankruptcy Details - Jiangsu Renxin Environmental Technology Co., Ltd. was unable to repay its debts, leading to a bankruptcy liquidation application by creditor Lianyungang Chengzhi Chemical Co., Ltd. [1][2] - The court accepted the bankruptcy application on June 18, 2023, after determining that Renxin Environmental lacked the ability to repay its debts [3][4]. Group 2: Shareholding Structure - Yabang Co., Ltd. holds a 15% stake in Renxin Environmental, which was established in 2015 with a registered capital of 100 million yuan [2][3]. - The major shareholders of Renxin Environmental include Cai Jiasheng (43.35%), Ni Xiubing (26.35%), and Gao Zu'an (15.30%) [3]. Group 3: Financial Implications for Yabang - Yabang Co., Ltd. provided a guarantee for Renxin Environmental's financing lease of 77 million yuan, which has resulted in a liability of 86.76 million yuan due to Renxin's failure to meet payment obligations [5][6]. - The company has recognized a full loss on its 15% equity investment in Renxin Environmental and has recorded a credit impairment loss of 86.76 million yuan in its financial statements for 2023 and 2024 [6].

Core Viewpoint - Jiangsu Renxin Environmental Technology Co., Ltd. (Renxin Environmental) has been accepted for bankruptcy liquidation by the court due to its inability to repay debts, which will impact Jiangsu Yabang Dyeing Co., Ltd. (Yabang) as it holds a 15% stake in Renxin Environmental [2][10]. Group 1: Company and Bankruptcy Details - The applicant for bankruptcy is Guannan Chengzhi Chemical Equipment Sales Co., Ltd., which claims that Renxin Environmental cannot repay its due debts [3][6]. - The court accepted the bankruptcy application on June 18, 2025, after determining that Renxin Environmental owed a total of 229,200 yuan (approximately 0.035 million) to the applicant, with no assets available to cover the debts [7]. - Renxin Environmental has a registered capital of 100 million yuan and specializes in environmental technology research and the processing of various industrial chemicals [4][5]. Group 2: Financial Impact on Yabang - Yabang has fully recognized the investment loss in Renxin Environmental, which has been accounted for in other comprehensive income in previous years [10]. - The company has also compensated 86.7576 million yuan (approximately 8.68 million) as a guarantor for Renxin Environmental's overdue financing lease, and has initiated a lawsuit for recovery, which is currently pending [11].

江苏亚邦染料股份有限公司 关于参股公司仁欣环保收到法院受理破产清算裁定 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：603188 证券简称：亚邦股份 公告编号：2025-050 重要内容提示： 被申请人：江苏仁欣环保科技有限公司（以下简称"仁欣环保"）。为 江苏亚邦染料股份有限公司（以下简称"公司"或"亚邦股份"）的参股公司， 公司持有仁欣环保 15%股份。 对公司的影响：公司对仁欣环保的投资已经全额计入其他综合收益的损 失。公司将根据本次事项的进展情况，依据企业会计准则相关规定进行相应后续 会计处理，并最终以会计师事务所审计确认的数据为准。 公司于 2025 年 12 月 3 日收到参股公司仁欣环保转发的江苏省灌南县人民法 院（以下简称"灌南县人民法院"）的《民事裁定书》（2025 苏 0724 破申 16 号）、《决定书》（2025 苏 0724 破 11 号）、《通知书》（2025 苏 0724 破 11 号之一），现将相关事项公告如下： 一、法院裁定受理破产申请概述 （一）申请人基本情况 1 ...

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。 证券代码：603188 证券简称：亚邦股份 公告编号：2025-049 江苏亚邦染料股份有限公司 关于为全资子公司连云港市赛科废料处置有限公司提供担保的公告 重要内容提示： ● 担保对象及基本情况 （一）担保的基本情况 江苏亚邦染料股份有限公司（以下简称"公司"或"亚邦股份"）全资子公司连云港市赛科废料处置有限公 司（以下简称"借款人"或"赛科公司"）因日常经营发展需要，于近日与江苏灌南农村商业银行股份有限 公司（以下简称"灌南农商行"）签订《流动资金循环借款合同》，申请流动资金贷款900万元，借款人 使用上述循环借款额度的期限为自2025年11月28日起至2030年10月25日止。亚邦股份与灌南农商行签订 《最高额保证合同》，公司为上述借款业务提供最高额连带保证责任担保。赛科公司与灌南农商行签订 了《最高额抵押合同》，赛科公司为上述借款业务提供位于灌南县堆沟化工园区的土地房产作为抵押担 保。 （二）内部决策程序 根据公司于2025年4月29日召开的第七届董事会第十四次会议及20 ...

证券代码：603188 证券简称：亚邦股份 公告编号：2025-049 江苏亚邦染料股份有限公司 关于为全资子公司连云港市赛科废料处置有限公司 提供担保的公告 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。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | | | 连云港市赛科废料处置有限公司 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 900 | 万元 | | | 担保对象 | 实际为其提供的担保余额 | 1900 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | 是 | 否 | □不适用：_________ | （一）担保的基本情况 江苏亚邦染料股份有限公司（以下简称"公司"或"亚邦股份"）全资子公 司连云港市赛科废料处置有限公司（以下简称"借款人"或"赛科公司"）因日 常经营发展需要，于近日与江苏灌南农村商业银行股份有限公司（以下简称"灌 南农商行"）签订《流动资金循 ...

证券代码：603188 证券简称：亚邦股份 公告编号：2025-048 江苏亚邦染料股份有限公司 关于全资子公司为公司提供担保的公告 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。 重要内容提示： 担保对象及基本情况 | 被担保人名称 | 江苏亚邦染料股份有限公司 | | --- | --- | | 本次担保金额 担保对象 | 最高债权额人民币 6,000 万元，其 中最高债权本金额为人民币 4,000 万元 （此处最高债权额为最高债权本金 额及主债权的利息及其他应付款项 之和，与实际发生额不一致的，以 | | 实际为其提供的担保余额 | 实际发生的最高债权额为准） 18,000 万元（不含本次担保） | | 是否在前期预计额度内 | 是 □否 □不适用：_________ | | 本次担保是否有反担保 | 是 否 □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 16,950.00 ...

Core Insights - The food and beverage sector experienced a reversal on November 13, with the Food ETF (515710) showing a slight increase of 0.16% after a period of low volatility [1][2] - Major liquor stocks, including Jinhuijiu, Gujinggongjiu, and Jiugui Jiu, saw significant gains, with increases exceeding 2% [1] - The China Alcohol Industry Association released a new cultural development outline for the industry, emphasizing the importance of cultural initiatives in addressing current challenges and enhancing international competitiveness [3] Industry Analysis - The newly released outline is seen as an upgrade from the previous five-year plan, targeting industry transformation by focusing on cultural aspects to resolve short-term sales issues and enhance long-term value recognition [3] - The food and beverage sector is currently at a historical low in terms of valuation, with the Food ETF's underlying index PE ratio at 21.24 times, indicating a favorable entry point for long-term investments [3] - The liquor sector has undergone five years of adjustment, with the average PE ratio of major liquor companies now below 20 times and an average dividend yield of approximately 3.5%, suggesting that the sector is entering a value zone [4] Investment Opportunities - The Food ETF (515710) is recommended for investors looking to gain exposure to core assets in the food and beverage sector, with a significant portion of its holdings in leading high-end liquor stocks [5] - The ETF tracks the China Securities Index's food and beverage theme index, with around 60% of its portfolio allocated to high-end liquor leaders and 40% to other segments like beverages and condiments [5]

财通证券股份有限公司 关于 江苏亚邦染料股份有限公司 详式权益变动报告书 之 2025 年第三季度持续督导意见 暨 持续督导总结报告 财务顾问 二零二五年十一月 财务顾问声明 2024 年 10 月 18 日，江苏国经控股集团有限公司（以下简称"国经集团"） 以执行司法裁定方式取得江苏亚邦染料股份有限公司（以下简称"上市公司"或者 "亚邦股份"）118,900,000 股股票。在本次权益变动之后，国经集团合计持有上 市公司 169,000,000 股股票，占上市公司总股本的 29.64%，成为上市公司控股股东。 财通证券股份有限公司（以下简称"财务顾问"或者"财通证券"）接受国经集团 的委托，担任国经集团收购亚邦股份的财务顾问。根据《上市公司收购管理办法》 的规定，财通证券作为本次收购的财务顾问，持续督导期自 2024 年 10 月 25 日亚 邦股份公告《江苏亚邦染料股份有限公司详式权益变动报告书》至本次权益变动完 成后 12 个月止。 本财务顾问根据《上市公司收购管理办法》《上海证券交易所上市公司自律监 管指引第 11 号——持续督导》等规定，按照证券行业公认的业务标准、道德规范， 本着诚实信用、勤勉尽责 ...