Core Insights - The agricultural processing sector saw a 0.8% increase on October 15, with Zunming Co. leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Agricultural Processing Sector Performance - Zunming Co. (003030) closed at 19.54, up 5.51% with a trading volume of 38,800 lots and a transaction value of 74.5 million yuan [1] - Guangnong Sugar Industry (000911) closed at 7.68, up 4.77% with a trading volume of 236,200 lots and a transaction value of 183 million yuan [1] - Yongshuntai (001338) closed at 11.98, up 4.63% with a trading volume of 269,200 lots and a transaction value of 324 million yuan [1] - Other notable performers include Guotou Zhonglu (600962) at 21.99 (+3.82%), Baolingbao (002286) at 9.97 (+3.10%), and Suobao Protein (603231) at 19.05 (+1.65%) [1] Capital Flow Analysis - The agricultural processing sector experienced a net inflow of 23.09 million yuan from main funds, while retail funds saw a net outflow of 23.04 million yuan [2] - Main funds showed significant inflows in Yongshuntai (6.01 million yuan) and Guangnong Sugar Industry (2.88 million yuan) [3] - Retail investors had notable outflows in Yongshuntai (-40.62 million yuan) and Guangnong Sugar Industry (-24.46 million yuan) [3]

Core Viewpoint - The stock of Jingliang Holdings has shown fluctuations in trading performance, with a recent increase of 2.05% and a year-to-date rise of 5.18%, despite a decline in revenue and net profit for the first half of 2025 [1][2]. Group 1: Stock Performance - As of October 14, Jingliang Holdings' stock price reached 6.46 CNY per share, with a market capitalization of 4.696 billion CNY [1]. - The stock has experienced a net outflow of 2.0683 million CNY from main funds, with significant buying and selling activities recorded [1]. - Year-to-date, the stock has increased by 5.18%, with a 5-day increase of 5.73%, but a decline of 3.73% over the past 20 days and 3.58% over the past 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Jingliang Holdings reported a revenue of 4.208 billion CNY, a year-on-year decrease of 24.26%, and a net profit attributable to shareholders of 17.9502 million CNY, down 25.39% year-on-year [2]. - The company has distributed a total of 138 million CNY in dividends since its A-share listing, with 64.6986 million CNY distributed in the last three years [3]. Group 3: Shareholder Information - As of September 20, the number of shareholders for Jingliang Holdings was 50,300, a decrease of 1.18% from the previous period [2]. - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund, which holds 2.1 million shares, an increase of 232,900 shares compared to the previous period [3].

Group 1 - The core issue involves Hainan Jingliang Holdings Co., Ltd. receiving a corrective administrative measure from the Hainan Securities Regulatory Bureau due to violations related to revenue recognition in its subsidiary's trading activities [1][2] - The company was found to have engaged in trading of palm oil, peanut oil, peanuts, and soybeans without commercial substance or in violation of accounting standards, affecting revenue by approximately 298.63 million yuan, which is 2.51% of the company's audited revenue for 2023 [2] - The company is required to submit a written rectification report to the Hainan Securities Regulatory Bureau within 30 days of receiving the decision [2] Group 2 - Hainan Jingliang Holdings has expressed its commitment to addressing the issue and will undertake necessary corrective actions, stating that the administrative measures will not impact its normal production and operational activities [3] - Zhongde Securities, as the bond trustee, has issued a temporary report to remind investors to pay attention to related risks and to make independent judgments regarding the situation [3]

Summary of Key Points Core Viewpoint - The company, Jingliang Holdings, is facing regulatory scrutiny due to non-compliance with accounting standards related to certain trade activities, which has resulted in a directive for corrective measures from the China Securities Regulatory Commission (CSRC) [1][3]. Company Announcements - Jingliang Holdings' stock price closed at 6.43 yuan on September 26, 2025, down 3.45% from the previous week, with a total market capitalization of 4.674 billion yuan, ranking 11th in the agricultural processing sector [1]. - The CSRC found that the company's subsidiary engaged in palm oil, peanut oil, peanut, and soybean trades that lacked commercial substance or proper revenue recognition, involving an amount of 298,629,084.17 yuan, which constitutes 2.51% of the audited revenue for 2023 [1][3]. - The company has been ordered to submit a written rectification report within 30 days of receiving the decision, and it has stated that this regulatory measure will not affect its normal production and operations [1]. - The board of directors and supervisory board of Jingliang Holdings were originally set to complete their term on September 26, 2025, but due to ongoing preparations for the election and related reforms, their terms have been extended to ensure governance continuity [2].

Core Viewpoint - The company, Hainan Jing Grain Holdings Co., Ltd., has been ordered by the Hainan Securities Regulatory Bureau to rectify issues related to improper revenue recognition and lack of commercial substance in certain trading activities, which affected 2.51% of its audited revenue for 2023 [1][2]. Group 1 - The company received a decision from the Hainan Securities Regulatory Bureau regarding issues found in its subsidiary's trading activities involving palm oil, peanut oil, peanut kernels, and soybean, with a total revenue amount of 298,629,084.17 yuan [1][2]. - The identified issues violate the "Management Measures for Information Disclosure of Listed Companies" [2]. - The company is required to submit a written rectification report within 30 days and is subject to administrative supervision measures that will be recorded in the capital market integrity database [2][3]. Group 2 - The company emphasizes its commitment to addressing the issues highlighted in the decision and will undertake comprehensive rectification while ensuring that normal production and operational activities are not affected [3]. - The company will enhance trade business management and improve the quality of information disclosure as part of its corrective measures [2][3].

Core Viewpoint - The company has announced a postponement of the board of directors' election to ensure continuity and stability in governance as it prepares for the election and related reforms [1][2]. Summary by Sections Board of Directors and Supervisory Board - The current term of the 10th Board of Directors and Supervisory Board will expire on September 26, 2025, and the election will be postponed [1]. - The postponement is due to ongoing preparations for the board election, management system revisions, and supervisory board reforms [1]. Responsibilities and Obligations - Until the new board and supervisory board are elected and reforms are completed, the current members will continue to fulfill their duties and obligations according to laws, regulations, and the company's articles of association [1]. - The postponement of the election will not affect the company's normal production and operations [1]. Disclosure Obligations - The company will actively promote the board election and supervisory board reforms and will fulfill its information disclosure obligations in accordance with relevant regulations [1].

Group 1 - Baiyun Airport announces joint investment with China Duty Free Group to establish a duty-free company with a registered capital of 45 million yuan, where China Duty Free Group holds 51% [3] - Dongxing Medical plans to acquire 90% stake in Wuhan Yijiaobao, a high-tech company focused on orthopedic and biomedical materials [4] - Fosun Pharma's subsidiary plans to transfer 100% stake in Shanghai Clone to enhance asset operation efficiency, with a transaction value of up to 1.256 billion yuan [5] Group 2 - Hengxing Technology's subsidiary is awaiting approval for the extension of mining license for Longtoushan Gold Mine, with exploration activities ongoing [6] - New Sai Co. announces resignation of its general manager Chen Jianjiang due to work adjustments [7] - Hailiang Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details yet to be finalized [8] Group 3 - Zhejiang University Network plans to sell 48.6 million shares of Wanliyang, expecting a transaction amount of 475 million yuan [9] - Huazhong Precision terminates the issuance of A-shares to specific targets, affecting a control acquisition [10] - Jiaze New Energy states that its green chemical business is not yet commercially viable, with no significant impact on revenue or profit in the short term [11] Group 4 - Hailan Home plans to issue H-shares and list on the Hong Kong Stock Exchange, with discussions ongoing with intermediaries [12] - Hongfuhang intends to invest up to 1.128 billion yuan in a joint venture to build a photovoltaic energy storage project in Congo [13] - Zhongchuang Zhiling plans to invest 5 billion yuan in a new energy vehicle parts industrial base and R&D center [14] Group 5 - Haitai Development's subsidiary signs a property sale contract worth 440 million yuan, expected to increase profits by approximately 62.86 million yuan in 2025 [15] - Dongjie Intelligent's overseas subsidiary secures a procurement order worth approximately 180 million yuan, representing 22.3% of its audited revenue for 2024 [17] - Zhiguang Electric's subsidiary signs a procurement contract worth 164 million yuan for energy storage systems [18] Group 6 - ST Songfa's subsidiary signs a shipbuilding contract for four VLCCs, with a contract value between 400 million to 600 million USD [19] - Huaguang Huaneng signs a sales contract for waste heat boilers worth 160 million yuan for a power plant project in Cambodia [20] - Yousheng Co. receives a project notification from a German automaker, with total sales expected to reach approximately 2.3 billion yuan [24] Group 7 - Zai Sheng Technology's controlling shareholder plans to reduce holdings by up to 3% [25] - Compton plans to reduce holdings of repurchased shares by up to 1% [26] - Aored plans to reduce holdings of repurchased shares by up to 1.29% [27] Group 8 - Xianhe Co. plans to raise up to 3 billion yuan through a private placement for a new materials project [34] - Guanshi Technology plans to raise up to 700 million yuan for photomask manufacturing and other projects [33] - Beilu Pharmaceutical plans to raise up to 300 million yuan for production facility upgrades and working capital [34]

Core Points - The company announced that the term of the 10th Board of Directors and Supervisory Board will expire on September 26, 2025 [1] - Due to the ongoing preparations for the board election, management system revisions, and supervisory board reforms, the board election will be postponed [1] - The terms of the board, its specialized committees, senior management, and the supervisory board will be extended accordingly to ensure continuity and stability [1]

Major Events - Baiyun Airport announced a joint investment with China Duty Free Group to establish a duty-free company at Guangzhou Baiyun Airport with a registered capital of 45 million yuan, where China Duty Free will contribute 22.95 million yuan for a 51% stake [4] - Dongxing Medical plans to acquire 90% of Wuhan Yijiaobao's equity for cash, which is expected to constitute a major asset restructuring [5] - Fosun Pharma's subsidiary is planning to transfer 100% of Shanghai Clon to enhance asset operation efficiency, with a transaction value of up to 1.256 billion yuan [7] - Hengxing Technology's subsidiary is undergoing a review for the extension of mining license for Longtoushan Gold Mine, with exploration activities ongoing [8] - New Sai Co.'s general manager Chen Jianjiang resigned due to work adjustments [9] - Hailiang Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details yet to be finalized [10] - Zhejiang University Net announced plans to sell 48.6 million shares of Wanliyang, expecting a transaction amount of 475 million yuan [11] - Huazhong Precision terminated its plan to issue A-shares to specific investors, which also halts the acquisition of control by a third party [12] - Jiazhe New Energy stated that its green chemical business is not yet commercially viable [13] Significant Contracts - Haitai Development's subsidiary signed a property sale contract worth 440 million yuan, expected to increase profits by approximately 62.86 million yuan in 2025 [18] - Dongjie Intelligent's overseas subsidiary received a procurement order worth approximately 180 million yuan, accounting for 22.3% of the company's audited revenue for 2024 [19][20] - Zhiguang Electric's subsidiary signed a procurement contract worth 164 million yuan for energy storage systems [21] - ST Songfa's subsidiary signed contracts for building four oil tankers, with a total value between 400 million to 600 million USD [22] - Huaguang Huaneng signed a sales contract for waste heat boilers worth 160 million yuan for a power plant project in Cambodia [23] - Keda Intelligent plans to issue H-shares and list on the Hong Kong Stock Exchange, with details still under discussion [24] Shareholding Changes - Zai Sheng Technology's controlling shareholder plans to reduce holdings by up to 3% [28] - Compton plans to reduce up to 1% of its repurchased shares [29] - Aorede plans to reduce up to 1.29% of its shares from the repurchased stock [30] - Yidian Tianxia's controlling shareholder plans to reduce up to 3% of its shares [31] - Huace Film's shareholders plan to transfer 3.6% of the company's shares through an inquiry transfer [32] Buybacks and Financing - Qibin Group obtained a special financing support of up to 90 million yuan for share repurchase [33] - CanSino plans to cancel 406,100 repurchased shares and reduce registered capital accordingly [35] Fundraising Initiatives - Xianhe Co. plans to raise up to 3 billion yuan through a private placement for a high-performance paper-based new materials project [36] - Guanshi Technology plans to raise up to 700 million yuan for photomask manufacturing and other projects [37] - Beilu Pharmaceutical plans to raise up to 300 million yuan for production line upgrades and working capital [38]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：000505 200505 证券简称：京粮控股 京粮 B 公告编号：2025-043 海南京粮控股股份有限公司 关于董事会延期换届的提示性公告 海南京粮控股股份有限公司 董 事 会 2025 年 9 月 27 日 1 海南京粮控股股份有限公司（以下简称"公司"）第十届董事会、监事会于 2025 年 9 月 26 日任期届满。鉴于公司换届选举、配套管理制度修订以及监事会改革等相关 工作正在筹备中，为保证公司董事会、监事会工作的连续性及稳定性，公司董事会换届 选举工作将适当延期，公司董事会、董事会各专门委员会、高级管理人员的任期相应顺 延，监事会任期亦相应顺延。 在新一届董事会换届选举及监事会改革完成前，公司第十届董事会成员、监事会成 员、董事会各专门委员会成员及高级管理人员将依照法律法规和《公司章程》等相关规 定继续履行相应的职责和义务。公司延期换届不会影响公司的正常生产经营，公司将积 极推进董事会换届、监事会改革等工作，并按照相关规定及时履行信息披露义务。 特此公告。 ...