Group 1 - The core viewpoint of the news is that Zhenjiang Co., Ltd. (603507.SH) has disclosed its 2024 annual report, highlighting the institutional ownership and changes in shareholding among various funds and social security funds [1][2] Group 2 - As of April 3, 2025, a total of 103 institutional investors hold Zhenjiang Co., Ltd. A-shares, with a combined holding of 51.68 million shares, accounting for 28.04% of the total share capital [1] - The top ten institutional investors collectively hold 17.34% of the shares, with a decrease of 1.69 percentage points compared to the previous quarter [1] Group 3 - In the public fund sector, there was an increase in holdings from one public fund, namely the Jianxin New Energy Industry Stock A, with an increase of 1.12% [2] - Fourteen public funds reduced their holdings, including notable funds such as the Jiashi Theme New Power Mixed Fund and the Guotai Junan Innovation Growth Mixed Fund, with a total reduction of 1.51% [2] - A total of 81 new public funds disclosed their holdings this period, including Jianxin Xingrun One-Year Holding Mixed Fund and Huaxia Income Mixed Fund [2] Group 4 - One new social security fund disclosed its holdings in Zhenjiang Co., Ltd., specifically the National Social Security Fund 403 Combination [2] - One pension fund, the Basic Pension Insurance Fund 1204 Combination, reduced its holdings slightly compared to the previous quarter [2]

Core Viewpoint - Jiangyin Zhenjiang New Energy Equipment Co., Ltd. announced a partial pledge of shares by its shareholder, indicating a significant portion of shares is pledged, but the controlling shareholders' credit status is deemed good, and the pledge risk is manageable [2][3]. Group 1: Share Pledge Details - Jiangyin Zhenjiang Longwei Investment Enterprise (Limited Partnership) pledged part of its shares, with a total of 5,904,000 shares pledged, accounting for 65.06% of its holdings and 3.20% of the company's total shares [2]. - The controlling shareholders, Hu Zhen and Bu Chunhua, along with Longwei Investment, hold a total of 51,560,262 shares, representing 27.98% of the total shares, with a cumulative pledge of 34,490,400 shares, which is 66.89% of their holdings and 18.71% of the company's total shares [2]. Group 2: Company Overview - Jiangyin Zhenjiang was established on March 1, 2004, with a registered capital of 1,843,013,070 RMB, focusing on the design, processing, and sales of wind power equipment, photovoltaic, and solar thermal equipment [2]. - The company has 3,376 employees and is controlled by Hu Zhen and Bu Chunhua, with 40 subsidiaries including Zhenjiang New Energy (Tongyu) Wind Power Co., Ltd. and Suzhou Zhenjiang New Energy Co., Ltd. [3]. Group 3: Financial Performance - The company's revenue for 2021 to 2023 was 2.425 billion RMB, 2.904 billion RMB, and 3.842 billion RMB, reflecting year-on-year growth of 25.54%, 19.77%, and 32.28% respectively [3]. - The net profit attributable to shareholders for the same period was 179 million RMB, 94.6371 million RMB, and 184 million RMB, with year-on-year growth rates of 166.15%, -47.20%, and 93.57% respectively [3]. - The company's asset-liability ratios were 66.01%, 58.14%, and 60.67% for the years 2021 to 2023 [3].

Audit Opinion - The audit report concludes that the financial statements of Jiangsu Zhenjiang New Energy Equipment Co., Ltd. fairly present the company's financial position as of December 31, 2024, in accordance with accounting standards [1][2]. Key Audit Matters - Revenue recognition is identified as a key audit matter, with total revenue for 2024 reported at RMB 3,945.84 million. The company recognizes revenue when control of the product transfers to the customer, which is critical due to the significant amount of sales [1][2]. - Inventory valuation at year-end is another key audit matter, with a reported inventory balance of RMB 1,161.81 million and a provision for inventory impairment at 16.12%. The valuation process is crucial due to the high percentage of impairment provision [2][3]. Company Overview - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. was established through the restructuring of Jiangyin Zhenjiang Steel Structure Co., Ltd. with a registered capital of RMB 64.77 million. The company went public in November 2017, with a total share count of 125.63 million after the initial public offering [6][7]. - The company operates in the metal products industry, focusing on manufacturing, processing, and selling steel structure components and general equipment [10]. Financial Reporting - The financial statements are prepared based on actual transactions and in compliance with the accounting standards issued by the Ministry of Finance. The company has assessed its ability to continue as a going concern and found no significant doubts regarding its sustainability [10][11]. - The company has a consolidated financial statement scope that includes 38 subsidiaries, reflecting an increase of 9 and a decrease of 1 compared to the previous period [10]. Accounting Policies - The company follows the accrual basis of accounting and uses historical cost for measurement, with provisions for impairment where necessary. The financial statements are prepared in Renminbi [10][21]. - The company recognizes financial instruments upon becoming a party to the contract, measuring them at fair value initially, and categorizes them into three types based on their business model and cash flow characteristics [24].

Group 1 - The internal control audit report for Jiangsu Zhenjiang New Energy Equipment Co., Ltd. was conducted as of December 31, 2024, focusing on the effectiveness of financial reporting internal controls [1][2] - The responsibility for establishing and implementing effective internal controls lies with the company's board of directors, as per the relevant regulations [1] - The audit opinion states that Jiangsu Zhenjiang maintained effective financial reporting internal controls in all material respects as of December 31, 2024 [2] Group 2 - The auditors acknowledge the inherent limitations of internal controls, which may not prevent or detect misstatements [2] - Changes in circumstances may lead to the ineffectiveness of internal controls or reduced compliance with control policies and procedures [2] - The audit was performed by Beijing Dehao International Certified Public Accountants, with specific auditors named in the report [2]

Core Points - The company is seeking shareholder approval to authorize the board to issue shares to specific investors through a simplified process, with a total financing amount not exceeding RMB 300 million and not exceeding 20% of the net assets as of the end of the previous year [1][5] - The authorization period is from the approval date of the 2024 annual shareholder meeting until the 2025 annual shareholder meeting [1][5] Group 1: Authorization Details - The board will confirm whether the company meets the conditions for issuing shares through a simplified process according to relevant laws and regulations [2] - The type of shares to be issued will be domestic listed ordinary shares (A shares) with a par value of RMB 1, and the number of shares will be determined based on the total amount of funds raised divided by the issue price, not exceeding 30% of the total share capital before the issuance [2] - The issuance will be conducted through a simplified process targeting specific investors, including qualified institutional investors and individuals, with a maximum of 35 participants [2][3] Group 2: Pricing and Fund Usage - The pricing will be based on 80% of the average trading price of the shares over the 20 trading days prior to the pricing date [2] - The raised funds will be used for projects related to the company's main business and to supplement working capital, adhering to regulatory requirements [3] Group 3: Additional Provisions - The unallocated profits before the issuance will be shared by both new and existing shareholders based on their shareholding ratios after the issuance [4] - The shares will be listed on the Shanghai Stock Exchange [4] - The board is authorized to handle all matters related to the issuance, including adjustments to the issuance plan based on market conditions and regulatory requirements [4]

Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. has adjusted the exercise price and quantity of its third stock option incentive plan, as well as canceled a portion of stock options due to performance assessment failures of its wholly-owned subsidiary [1][4][8] Decision Procedures and Disclosure - The board of directors and the supervisory board have approved the adjustments to the stock option incentive plan, with independent directors expressing agreement [1][4] - The company conducted a public notice period of 10 days for the list of incentive objects, receiving no objections [2] Adjustment Details - The stock option exercise price has been adjusted from 36.86 yuan to 28.11 yuan per share, and the number of stock options has increased from 6,120,000 to 7,941,312 [7] - The adjustments were made following the company's annual profit distribution plan and relevant regulations in the incentive plan [6][7] Canceled Stock Options - A total of 3,474,324 stock options will be canceled due to the failure of Jiangsu Zhenfeng New Energy Co., Ltd. to meet its performance targets, specifically a net profit of no less than 120 million yuan for the year 2024 [8] - The cancellation affects 9 incentive objects who had not exercised their options [8] Impact on Company - The adjustments to the stock option exercise price and quantity, along with the cancellation of certain stock options, are not expected to have a significant impact on the company's financial status or operational results [8] - The stability of the management team and the continuation of the stock option incentive plan will not be affected [8] Supervisory Board's Review - The supervisory board has confirmed that the adjustments comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [8][9]

Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from April 1 to April 3, 2025, indicating potential irrational speculation in the market [1][2][3]. Stock Trading Anomaly - The company's stock price deviation was noted as a violation of the Shanghai Stock Exchange trading rules, categorizing it as an abnormal trading situation [2][3]. Financial Performance - For the fiscal year 2024, the company reported a revenue of 394.58 million yuan, reflecting a year-on-year growth of 2.71% - The net profit attributable to shareholders was 17.82 million yuan, showing a decline of 2.99% compared to the previous year - The net profit after excluding non-recurring gains and losses was 17.27 million yuan, down 5.13% year-on-year [1][4]. Stock Turnover Rate - On April 3, 2025, the stock turnover rate reached 36.9%, suggesting a high level of trading activity which may contribute to the observed price volatility [1][4]. Company Operations - The company confirmed that its production and operations are normal, with no significant changes in the market environment or industry policies [2][3]. Major Events - The company has not disclosed any other significant information that could impact stock trading, aside from a previously approved share buyback plan announced on October 30, 2024 [2][3].

Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. announced a profit distribution plan for the year 2024, proposing a cash dividend of 0.30 yuan per share (tax included) to all shareholders, with no stock dividends or capital reserve transfers [1][2]. Profit Distribution Plan - The total number of shares eligible for the dividend is 181,951,755 shares after deducting 2,349,552 shares held in the repurchase account, leading to a total cash dividend payout of approximately 54,585,526.50 yuan, which represents 30.63% of the net profit attributable to shareholders for the year 2024 [1][2]. - The company’s undistributed profits as of December 31, 2024, amount to 836,018,657.99 yuan, as audited by Beijing Dehao International Accounting Firm [1][2]. Compliance and Approval - The profit distribution plan was approved during the eighth meeting of the fourth board of directors held on April 2, 2025, and aligns with the company's profit distribution policy and shareholder return plan [3]. - The supervisory board has expressed that the profit distribution proposal is reasonable and does not harm the interests of the company or its shareholders, particularly minority shareholders [3]. Risk Assessment - The company has confirmed that it does not fall under any risk warning scenarios as per the Shanghai Stock Exchange's listing rules, ensuring compliance with relevant regulations [2][3].

证券代码：603507 证券简称：振江股份 公告编号：2025-012 江苏振江新能源装备股份有限公司 第四届监事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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： ● 公司全体监事均出席本次会议。 ● 本次监事会会议议案获得通过，无反对票。 一、监事会召开情况 江苏振江新能源装备股份有限公司（以下简称"公司"）第四届监事会第七次 会议于2025年4月2日在公司会议室以现场结合通讯的方式召开，会议通知 已于 监事3人，会议由监事会主席卢强先生主持，本次会议召开符合《公司法》及其他 法律法规和《公司章程》的规定，合法有效。 二、监事会会议审议情况 提交公司股东大会审议； 监事会认为：董事会编制和审议振江股份有限公司 2024 年年度报告的程序 符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了 上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 公司股东 ...

江苏振江新能源装备股份有限公司 江苏振江新能源装备股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内 部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日 （内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露 内 公司代码：603507 公司简称：振江股份 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整， 提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制 ...