Industry News - China's passenger car retail sales for January-February reached 2.602 million units, a year-on-year decline of 19.1% [3] - The retail sales of new energy passenger cars in China for the same period totaled 1.06 million units, down 25.7% year-on-year [3] - The National Industrial Information Security Development Research Center issued a risk warning regarding OpenClaw applications, highlighting potential security vulnerabilities that could lead to control loss and sensitive information leakage [3][5] - The cement market demand is steadily recovering as construction activities ramp up, with companies showing a strong willingness to raise prices due to low current prices and rising production costs [6] Company News - Cambrian announced a net profit of 2.059 billion yuan for 2025, turning a profit compared to previous losses, and proposed a dividend of 15 yuan per share along with a bonus issue of 4.9 shares for every 10 shares held [7] - Huadian announced the signing of a 13.962 billion yuan EPC contract for a solar-storage project in Abu Dhabi [11] - Micro LED light source chips developed by Zhaochi have completed R&D and are currently in the sample verification testing phase [10] - Baichuan announced a recent increase in market prices for some chemical products, but the impact on performance is currently uncertain [10]

证券代码：000711 证券简称：ST 京蓝 公告编号：2026-025 铟靶新材（哈尔滨）股份有限公司 关于公司股票交易异常波动情况暨停牌核查的公告 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。 特别提示： 1、铟靶新材（哈尔滨）股份有限公司（以下简称"公司"、"上市公司"） 业绩未发生重大变化，但公司股票（证券简称：ST 京蓝，证券代码：000711） 价格严重脱离公司业绩情况，存在市场情绪过热、非理性炒作风险。 公司股票于 2026 年 3 月 10 日、2026 年 3 月 11 日、2026 年 3 月 12 日连续 3 个交易日收盘价格涨幅偏离值累计超过 14.00%，根据深圳证券交易所（以下简 称"深交所"）的有关规定，属于股票交易异常波动情形。 公司股票自 2026 年 1 月 23 日至 2026 年 3 月 12 日期间价格涨幅为 176.79%， 期间多次触及股票交易异常波动情形、1 次触及严重异常波动情形。经查询，深 交所官网发布的监管动态显示，公司股票已于近期被深交所重点监控，部分投资 者在交易公司股票过程中存在影响股票交易正常秩序 ...

铟靶新材（哈尔滨）股份有限公司 章 程 目 录 - 1 - 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第八章 通知与公告 第一节 通知 第二节 公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第十一章 附则 - 2 - 第六章 总裁及其他高级管理人员 第七章 财务会计制度、利润分配和审计 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）和其他有关规定，制订本章程。 第二条 公司系依照《 ...

证券代码：000711 证券简称：ST 京蓝 公告编号：2026-024 铟靶新材（哈尔滨）股份有限公司 统一社会信用代码：91230000126976973E 关于完成工商变更登记并换发营业执照的公告 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。 铟靶新材（哈尔滨）股份有限公司（以下简称"公司"）于 2026 年 3 月 9 日完成因股票期权激励计划行权事项导致的注册资本变更工商登记手续，并取得 了由哈尔滨新区管理委员会行政审批局换发的《营业执照》。现将相关情况公告 如下： 一、本次工商变更的基本情况 变更原因：根据已审议通过的《2024 年股票期权激励计划（草案）》《2024 年股票期权激励计划实施考核管理办法》相关安排，激励对象行权，截至 2025 年 12 月 31 日，公司总股数为 2,917,098,282 股。 决策程序：本次注册资本变更事项已经公司董事会、股东会审议通过，并履 行了相应的信息披露义务。 变更内容：公司注册资本由原人民币 2,856,976,223 元变更为人民币 2,917,098,282 元，公司其他工商登记事项未发生变更。 ...

证券代码：000711 证券简称：ST 京蓝 公告编号：2026-023 铟靶新材（哈尔滨）股份有限公司 关于公司股票交易异常波动情况的公告 1、铟靶新材（哈尔滨）股份有限公司（以下简称"公司"、"上市公司"） 基本面未发生重大变化，但公司股票（证券简称：ST 京蓝，证券代码：000711） 价格严重脱离公司基本面情况，存在市场情绪过热、非理性炒作风险。公司股票 自 2026 年 1 月 23 日至 2026 年 3 月 6 日期间价格涨幅为 147.62%，期间多次触 及股票交易异常波动情形、1 次触及严重异常波动情形。公司已于 2026 年 2 月 27 日进行停牌核查，于 2026 年 3 月 4 日公告核查结果并复牌。如未来公司股票 价格进一步异常上涨，公司可能再次向深圳证券交易所申请停牌核查。经查询， 深圳证券交易所（以下简称"深交所"）官网发布的监管动态显示，公司股票已 于近期被交易所重点监控，部分投资者在交易公司股票过程中存在影响股票交易 正常秩序的异常交易行为，深交所依规对相关投资者采取了暂停交易等自律监管 措施。敬请广大投资者理性投资，注意投资风险。 2、近期公司股票价格受市场情绪、概念炒作 ...

Core Viewpoint - The stock price surge of ST Jinglan (000711) is driven by a name change announcement and a shift in business focus, despite ongoing financial losses and historical issues related to financial fraud [1][2]. Group 1: Business Transformation and Market Reaction - The recent surge in ST Jinglan's stock began on January 24, when the company announced its name change to "Indium Target New Material Technology Co., Ltd." and a shift in core business to rare metal extraction and hazardous waste resource utilization [3]. - From January 23 to February 26, prior to suspension, the stock recorded 14 trading days of price increases, with a cumulative rise of 116.67% [3]. - Despite the stock's performance, the company has warned that its current stock price is significantly detached from its operational performance, projecting a net loss of between 220 million to 150 million yuan for 2025 [3]. Group 2: Historical Financial Issues and Investor Claims - ST Jinglan is facing ongoing repercussions from a financial fraud case dating back to 2018, which has led to administrative penalties and investor lawsuits [5]. - Investors who purchased shares between April 27, 2021, and May 30, 2025, and sold or still hold them at a loss are eligible to file claims against the company [5]. - The original shareholders of Zhongke Dingshi are required to compensate ST Jinglan for unmet performance commitments, but progress on this front has been minimal, adding uncertainty to the company's future [5]. Group 3: Future Prospects and Risks - The company is pursuing a transformation into new materials, with plans to inject assets from Xinian Technology, a leader in rare metal recycling, by the end of 2027 [7]. - However, there are significant uncertainties regarding the asset injection due to regulatory policies and financial conditions, and the high-density ITO target material business is still in the customer validation phase, lacking stable revenue and profitability [8]. - The current market enthusiasm appears to be based more on future expectations rather than tangible improvements in existing business operations, necessitating a cautious approach from investors [8].

Core Viewpoint - ST Jinglan (000711) will resume trading on March 4, 2026, after a suspension for stock price volatility despite no significant changes in company performance [2][6]. Group 1: Stock Performance - From January 23 to February 26, 2026, ST Jinglan's stock price increased by 116.67%, achieving 15 trading days of price limits during this period [4]. - The stock was suspended from trading starting February 27, 2026, due to significant price deviations from the company's performance [6]. Group 2: Company Operations and Risks - The company confirmed that there were no major changes in its operational situation or external business environment, and no undisclosed significant matters were found [6]. - ST Jinglan highlighted eight major risks, including overdue performance compensation from the controlling shareholder, significant loss forecasts, liquidity risks, industry and market risks, high share pledge ratios, uncertainties regarding historical performance compensation recovery, risks related to asset restructuring commitments, and uncertainties in market expansion for ITO target materials [6]. Group 3: Shareholder Information - The controlling shareholder, Yunnan Jiajun Target Material Technology Co., Ltd., released a pledge of 40 million shares, accounting for 7.41% of its holdings and 1.37% of the total share capital [6][7]. - As of the announcement date, the controlling shareholder had pledged a total of 500 million shares, representing 92.59% of its holdings and 17.11% of the total share capital [6].

证券代码：000711 证券简称：ST 京蓝 公告编号：2026-022 铟靶新材（哈尔滨）股份有限公司 关于控股股东部分股份解除质押的公告 截至2026年02月27日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | 占其 | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | | 持股比 | 本次解质押 | 本次解质押 | 所持 | 占公司 | 情况 | | 情况 | | | | 持股数量 | | 前质押股份 | 后质押股份 | | 总股本 | | | | | | 称 | | 例 | | | 股份 | | 已质押股份 | 占已 | 未质押 | 占未 | | | | | 数量 | 数量 | | 比例 | | | | | | | | | | | 比例 | | 限售和冻 | 质押 | 股份限 | 质押 | | | | | | | | | 结、标记数 | 股份 | 售和冻 | 股份 | | --- | --- | --- | --- | --- | - ...

证券代码：000711 证券简称：ST 京蓝 公告编号：2026-021 铟靶新材（哈尔滨）股份有限公司 关于股票交易停牌核查结果暨复牌的公告 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。 特别提示： 1、根据《深圳证券交易所上市公司自律监管指引第 6 号——停复牌》等相 关规定，经铟靶新材（哈尔滨）股份有限公司（以下简称"公司"、"上市公司"） 申请，公司的股票（证券简称：ST 京蓝，证券代码：000711）将于 2026 年 3 月 4 日（星期三）开市起复牌。 2、公司股票自2026年1 月23日至2026 年2月26 日期间价格涨幅为116.67%， 期间多次触及股票交易异常波动情形、1 次触及严重异常波动情形，公司股票短 期内价格涨幅较大，严重脱离公司业绩情况。公司业绩未发生重大变化，存在市 场情绪过热情形，交易风险较大。如未来公司股票价格进一步异常上涨，公司可 能再次向深圳证券交易所申请停牌核查。敬请广大投资者务必充分了解二级市场 交易风险，理性决策，审慎投资。 自 2026 年 1 月 23 日至 2026 年 2 月 26 日期间公司股票价格 ...

Group 1 - The company ST Jinglan is undergoing a significant transformation by changing its name to Indium Target New Materials, shifting from traditional soil remediation and high-standard farmland construction to high-end new materials [1] - Indium is a strategic rare metal that is essential for manufacturing mobile phone screens, AI optical modules, and photovoltaic cells, with domestic reserves being scarce [1] - The company plans to venture into the downstream production of high-end ITO targets, which are crucial for the electronics industry [2][3] Group 2 - Following its bankruptcy restructuring in 2023, the new controlling shareholder has committed to injecting Xinlian Technology, a leader in rare metal recycling, into the listed company [4] - Xinlian Technology specializes in the recovery and refining of indium-containing waste, ensuring a stable supply of the core raw materials needed for ITO target production [5] - The anticipated asset injection and the company's low stock price have led to a surge in speculation, positioning ST Jinglan as a prominent player in the market for rare metals and technology materials [5] Group 3 - Despite the stock price surge, the company's actual performance remains poor, with a projected loss exceeding 200 million by 2025 [6] - The ITO target project is still in its early stages, with no facilities constructed yet, leaving its profitability uncertain [6] - The stock price increase is driven by market speculation on future performance rather than current financial fundamentals, highlighting a disconnect between market expectations and actual earnings [6]