Core Viewpoint - The company Jin Yuan Co., Ltd. announced that its subsidiary, Jiangxi Huiying Environmental Technology Co., Ltd., received a government subsidy of 12.67 million yuan, which accounts for 31.9% of the company's net profit for the most recent fiscal year [1] Summary by Category - **Government Subsidy** - The subsidiary received a government subsidy amounting to 12.67 million yuan [1] - This subsidy represents 31.9% of the company's net profit for the last accounting year [1]

证券日报网讯 9月19日晚间，金圆股份发布公告称，本次保荐代表人变更后，公司2020年非公开发行项 目的持续督导保荐代表人为邬江先生和艾玮先生。 （文章来源：证券日报） ...

证券日报网讯 9月19日晚间，金圆股份发布公告称，持股5%以上的股东潘颖女士将其持有的部分公司 股份办理了解除质押业务。本次解除质押股份数量为8，000，000股。 （文章来源：证券日报） ...

Company Summary - Jinyuan Co., Ltd. (SZ 000546) announced on September 19 that major shareholder Ms. Pan Ying will解除质押 8 million shares, reducing her total pledged shares to 24.7 million, which represents 37.35% of her holdings [1] - As of the announcement date, Jinyuan's market capitalization is 3.9 billion yuan [1] - For the first half of 2025, Jinyuan's revenue composition is as follows: Environmental protection industry accounts for 99.41%, new energy materials 0.39%, and other businesses 0.2% [1] Industry Overview - The environmental protection sector is the primary revenue driver for Jinyuan, indicating a strong focus on this industry [1]

西南证券作为公司 2020 年非公开发行项目的保荐机构，艾青女士、艾玮先 生为 2020 年非公开发行项目的持续督导保荐代表人。上述项目法定持续督导期 为 2021 年 12 月 16 日至 2022 年 12 月 31 日，虽法定督导期已结束并已完成相关 督导义务，但西南证券仍需履行持续督导义务至非公开发行股份解除限售并上市 流通。 鉴于艾青女士工作变动，无法继续担任该项目的持续督导保荐代表人，西南 证券现委派邬江先生为该项目的持续督导保荐代表人，继续履行保荐职责。本次 保荐代表人变更后，公司 2020 年非公开发行项目的持续督导保荐代表人为邬江 先生和艾玮先生。 本次变更不影响西南证券对公司的持续督导工作,公司董事会对艾青女士在 担任公司保荐代表人期间所作出的贡献表示衷心感谢！ 证券代码：000546 证券简称：金圆股份 公告编号：2025-061 号 金圆环保股份有限公司 关于持续督导保荐代表人部分变更的公告 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。 金圆环保股份有限公司（以下简称"公司"）于近日收到西南证券股份有限 公司(以下简称"西南证券"）出 ...

证券代码：000546 证券简称：金圆股份 公告编号：2025-062 号 | 股东 | 是否为控 股股东或 | 本次解除质 | 占其所 | 占公司总 | 质押开始 | 解除质押 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 第一大股 | 押股份数量 | 持股份 | 股本比例 | 日期 | 日期 | 质权人 | | | 东及其一 | （股） | 比例 | | | | | | | 致行动人 | | | | | | | | 潘颖 | 否 | 8,000,000 | 12.10% | 1.03% | 2025 年 5 月 27 日 | 2025 年 9 月 18 | 浙江炳炳 典当有限 | | | | | | | | 日 | 公司 | 一、本次股份解除质押的基本情况 金圆环保股份有限公司 关于持股 5%以上的股东部分股份解除质押的公告 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。 金圆环保股份有限公司（以下简称"公司"、"上市公司"）近日接到持股 5%以上的股东潘颖女士函告，获悉潘颖女士将 ...

Core Viewpoint - Jin Yuan Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in revenue but a significant decline in net profit [2]. Financial Performance - As of June 30, Jin Yuan Co., Ltd. achieved a revenue of 4.188 billion yuan, representing a year-on-year growth of 59.05% [2]. - The company reported a net profit attributable to shareholders of -49.5969 million yuan, a year-on-year decrease of 128.53% [2]. Stock Performance - The stock price of Jin Yuan Co., Ltd. increased by 6.90% year-to-date and by 6.04% over the last five trading days [2]. - The stock experienced a decline of 2.41% over the last 20 days but increased by 10.25% over the last 60 days [2]. - As of September 9, the stock was trading at 5.27 yuan per share, with a market capitalization of 4.098 billion yuan [1]. Shareholder Information - The number of shareholders increased to 52,100, up by 1.56% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 1.54% to 13,371 shares [2]. Business Overview - Jin Yuan Co., Ltd. is primarily engaged in cement manufacturing and sales, with a significant focus on environmental services [2]. - The revenue composition includes 97.84% from solid (hazardous) waste resource utilization, 1.57% from solid (hazardous) waste harmless disposal, 0.39% from lithium salt products, and 0.20% from other sources [2]. - The company is categorized under the environmental governance sector, specifically in solid waste management [2]. Dividend Information - Since its A-share listing, Jin Yuan Co., Ltd. has distributed a total of 485 million yuan in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - The A-share market shows a mixed performance with the Shanghai Composite Index closing at 3820.98 points, slightly below the previous day, with a decline of 0.96% and a total trading volume of 1,472.176 billion yuan [1] Group 1: Market Performance - The Shanghai Composite Index is currently above the annual line, indicating a positive long-term trend despite the recent decline [1] - A total of 10 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] Group 2: Notable Stocks - The stocks with the largest deviation rates include: - Renfu Pharmaceutical (600079) with a deviation rate of 8.06% and a daily increase of 9.99% [1] - Shangneng Electric (300827) with a deviation rate of 7.79% and a daily increase of 10.60% [1] - Zhengfan Technology (688596) with a deviation rate of 3.15% and a daily increase of 4.01% [1] - Other stocks with smaller deviation rates that have just crossed the annual line include: - Jinyuan Co. (000546) with a deviation rate of 0.07% and a daily increase of 0.80% [1] - Blue Arrow Electronics (301348) with a deviation rate of 0.65% and a daily increase of 1.06% [1]

Group 1 - The company's total operating revenue for the first half of 2025 is 4.188 billion yuan, ranking 7th among disclosed peers, with an increase of 1.555 billion yuan compared to the same period last year, representing a year-on-year growth of 59.05% [1] - The net profit attributable to shareholders is -49.5969 million yuan, indicating a loss [1] - The net cash flow from operating activities is -87.8244 million yuan, which is an increase of 405 million yuan compared to the same period last year [1] Group 2 - The company's latest debt-to-asset ratio is 19.80%, ranking 8th among disclosed peers [3] - The latest gross profit margin is -3.17%, and the return on equity (ROE) is -1.21% [4] Group 3 - The diluted earnings per share are -0.06 yuan [5] - The latest total asset turnover ratio is 0.74 times, ranking 1st among disclosed peers, with an increase of 0.35 times compared to the same period last year, representing a year-on-year growth of 89.97% [5] - The latest inventory turnover ratio is 4.43 times, which is an increase of 1.19 times compared to the same period last year, representing a year-on-year growth of 36.73% [5] Group 4 - The number of shareholders is 52,100, with the top ten shareholders holding 355 million shares, accounting for 45.65% of the total share capital [5] - The largest shareholder is Jinyuan Holdings Group Co., Ltd., holding 29.82% of the shares [5]

Core Viewpoint - Jin Yuan Co., Ltd. reported a significant increase in total revenue for the first half of 2025, but faced substantial losses in net profit, indicating potential operational challenges and financial instability [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 4.188 billion yuan, a year-on-year increase of 59.05% compared to 2.633 billion yuan in 2024 [1]. - The net profit attributable to shareholders was -49.5969 million yuan, reflecting a year-on-year decline of 128.53% from a profit of 17.4 million yuan in 2024 [1]. - In Q2 2025, total revenue was 2.446 billion yuan, up 44.77% year-on-year, while net profit was -65.7656 million yuan, down 143.62% [1]. Profitability Metrics - Gross margin for the first half of 2025 was -3.17%, a decrease of 221.44% from 2.61% in 2024 [1]. - Net margin was -1.65%, down 127.74% from 5.94% in the previous year [1]. - The total of selling, administrative, and financial expenses was 64.5572 million yuan, accounting for 1.54% of revenue, a decrease of 57.24% year-on-year [1]. Balance Sheet Indicators - The company's accounts receivable amounted to 1.45 billion yuan, with accounts receivable to net profit ratio reaching 366.16% [1][3]. - Cash and cash equivalents were reported at 263 million yuan, a decrease of 5.61% from 278 million yuan in 2024 [1]. - Interest-bearing debt decreased significantly to 316.068 million yuan, down 82.11% from 1.77 billion yuan [1]. Investment Returns - The company's historical median Return on Invested Capital (ROIC) over the past decade was 8.66%, with a notably poor ROIC of -12.83% in 2023 [3]. - The company has recorded six years of losses since its listing, indicating a generally poor financial performance [3]. Cash Flow and Operational Efficiency - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 45.54% [3]. - The company relies heavily on research and marketing for its business model, necessitating a thorough examination of these drivers [3].