Group 1 - The core viewpoint of the article is that ST 京蓝 reassures investors about its cash flow situation, stating that it is stable and can meet current operational needs [1] - ST 京蓝 emphasizes the importance of cash flow safety and its efforts to enhance operational cash generation capabilities while exploring diverse financing channels [1] - The company expresses gratitude for investor support and suggestions, indicating a commitment to maintaining a positive relationship with stakeholders [1]

Core Insights - ST Jinglan has undergone a strategic transformation in the rare metals sector under the new controlling shareholder Ma Liyang, moving towards a "technology + resources" dual-driven development model [1] - The company's fundamentals have significantly improved compared to its pre-bankruptcy restructuring phase, with historical debt burdens systematically resolved and a strategic shift towards the recycling of rare metals from hazardous waste [1][4] - The focus on rare metals, particularly indium, aligns with global trends in sustainability and carbon neutrality, positioning the company favorably in the market [4] Company Developments - In December, ST Jinglan announced two significant acquisitions: a 51% stake in South Africa's NWV for high-quality vanadium-titanium magnetite exploration rights and plans to acquire Xinlian Environmental Technology to integrate its mature hazardous waste recycling business [2][3] - The acquisition of the vanadium-titanium magnetite rights is strategically important as vanadium is a key material for all-vanadium flow batteries, which are gaining value amid the energy storage industry's growth [2] - The integration of Xinlian Technology's core technology with the South African vanadium resources will enhance the company's capabilities in processing industrial waste, creating a comprehensive value chain from waste to resource recovery [3] Industry Context - The global demand for indium is increasing, particularly in the production of ITO conductive films for flat panel displays and emerging solar technologies, with China supplying over 76% of the world's indium [2] - The shift towards value investment in the capital market favors companies with real environmental benefits and social value, which enhances the long-term investment potential of firms focused on the circular economy [3] - ST Jinglan's ongoing strategic transformation is well-aligned with tightening global resource constraints and the consensus on carbon neutrality, enhancing its competitive edge in the rare metals recycling sector [4]

京蓝科技股份有限公司关于控股股东收到黑龙江证监局《行政监管措施决定书》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。 京蓝科技股份有限公司（以下简称"公司"）控股股东云南佳骏靶材科技有限公司（以下简称"佳骏靶 材"）于2025年12月30日收到中国证券监督管理委员会黑龙江监管局（以下简称"黑龙江证监局）下发的 《行政监管措施决定书》【2025】60号，现将相关情况公告如下： 一、《行政监管措施决定书》的具体内容 "云南佳骏靶材科技有限公司： 经查，2023年10月，你公司作为京蓝科技股份有限公司（以下简称京蓝科技）产业投资人，与京蓝科技 签订了《重整投资协议》，就京蓝科技2024年至2026年实现的净利润做出承诺，并约定补偿义务。京蓝 科技2024年未达到承诺业绩，根据《重整投资协议》你公司应当在京蓝科技审计报告出具后三个月内向 其履行补偿义务，但截至本决定书出具日，你公司作出的承诺尚未履行完毕。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000711 证券简称：ST京蓝 公告编号：2025-108 本次黑龙江证监局对控股股东佳骏靶材 ...

Mergers and Acquisitions - Yilong Co. plans to acquire 51% stake in Wenkong Salt Lake from its controlling shareholder for a cash consideration of 4.605 billion yuan, making Wenkong Salt Lake a subsidiary and included in the consolidated financial statements [1] - Shengxin Lithium Energy intends to acquire 30% stake in Qicheng Mining for 2.08 billion yuan, which will result in 100% ownership of Qicheng Mining, enhancing control over Huirong Mining, known for its high-grade lithium mine with an annual production capacity of 3 million tons [2] - Mingde Bio plans to acquire 100% stake in Wuhan Bikaier Rescue Supplies for cash, which is expected to constitute a major asset restructuring [3] - CITIC Special Steel's wholly-owned subsidiary plans to acquire 100% stake in Fujing Special for 1.51 billion yuan, which will support the company's global strategy and optimize its industrial chain [4] Shareholding Changes - Su Shi Testing's controlling shareholder plans to reduce its stake by up to 2%, equating to a maximum of 10.17 million shares, representing 6.26% of its holdings [5] - Hongxun Technology's controlling shareholder intends to reduce its stake by up to 3%, totaling a maximum of 1.21266 million shares through various methods [6] - Youbuxun's controlling shareholder and its concerted action party plan to reduce their combined stake by up to 2.96%, amounting to a maximum of 950.22 million shares [7]

12月30日，深圳证券交易所（以下简称"深交所"）与中国证券监督管理委员会黑龙江监管局（以下简称"黑龙江证监局"）接连发声，将监管的"聚光灯"直指 ST京蓝（即京蓝科技，SZ000711，股价1.74元，市值49.71亿元）控股股东云南佳骏靶材科技有限公司（以下简称"云南佳骏"）。 因在重整投资协议中许下的业绩承诺未能兑现，且高达5208.51万元的业绩补偿款仅支付了600万元，云南佳骏被深交所给予通报批评处分，并被黑龙江证监 局采取责令改正的行政监管措施。 《每日经济新闻》记者（以下简称"每经记者"）注意到，这一监管风暴的背后，是ST京蓝严峻的生存现实：2024年业绩对赌惨败，2025年前三季度续亏1.05 亿元，账面货币资金缩水至不足千万元。 就在监管函下发的五天前（12月2日），ST京蓝刚刚抛出一份拟注入实控人旗下鑫联环保科技股份有限公司（以下简称"鑫联科技"）资产的计划，试图通过 拥抱含锌危废资源化赛道来扭转困局。 然而，一边是控股股东迟迟无法履约的"诚信赤字"，另一边是上市公司捉襟见肘的资金链，ST京蓝的这条自救之路，究竟是起死回生的良药，还是一场缺 乏资金支撑的资本幻象？ 控股股东因业绩补偿违约收 ...

京蓝在公告中表示，公司董事会将积极保持与控股股东及实控人的沟通，督促控股股东履行业绩补偿义 务，并将视进展情况依法采取进一步措施，切实维护公司及全体股东的合法权益。 智通财经记者 庞静涛 根据中兴财光华会计师事务所出具的审计报告及专项说明，剔除中科鼎实合并报表范围内对京蓝科技合 并利润表数据的影响或贡献因素情况下，京蓝科技2024年度实现扣非后归母净利润为-2208.51万元，与 承诺的2024年度3000万元的业绩之间差额为5208.51万元。 截至目前，云南佳骏累计向京蓝科技支付现金补偿款600万元，剩余4608.51万元尚未支付，云南佳骏未 按照公开披露的信息履行业绩补偿承诺。 深圳证券交易所在《关于对云南佳骏靶材科技有限公司给予通报批评处分的决定》中指出，云南佳骏的 上述行为违反了本所《股票上市规则（2025年修订）》第1.4条、第7.7.6条第一款的规定。依据规定， 经自律监管纪律处分委员会审议通过，决定对云南佳骏给予通报批评的处分，并记入上市公司诚信档 案。 黑龙江证监局下发的《行政监管措施决定书》显示，云南佳骏的上述行为违反了《上市公司信息披露管 理办法》、《上市公司监管指引第4号——上市公司及 ...

京蓝科技股份有限公司 关于控股股东收到黑龙江证监局《行政监管措施决定书》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。 京蓝科技股份有限公司（以下简称"公司"）控股股东云南佳骏靶材科技有 限公司（以下简称"佳骏靶材"）于 2025 年 12 月 30 日收到中国证券监督管理 委员会黑龙江监管局（以下简称"黑龙江证监局）下发的《行政监管措施决定书》 【2025】60 号，现将相关情况公告如下： 证券代码：000711 证券简称：ST 京蓝 公告编号：2025-108 一、《行政监管措施决定书》的具体内容 "云南佳骏靶材科技有限公司： 经查，2023 年 10 月，你公司作为京蓝科技股份有限公司（以下简称京蓝科 技）产业投资人，与京蓝科技签订了《重整投资协议》，就京蓝科技 2024 年至 2026 年实现的净利润做出承诺，并约定补偿义务。京蓝科技 2024 年未达到承诺 业绩，根据《重整投资协议》你公司应当在京蓝科技审计报告出具后三个月内向 其履行补偿义务，但截至本决定书出具日，你公司作出的承诺尚未履行完毕。 上述行为违反了《上市公司信息披露管理办法》（证 ...

Group 1 - The core point of the article is that Yunnan Jiajun Target Material Technology Co., Ltd. has pledged a significant portion of its shares, which raises concerns for investors [1][2] - As of December 26, 2025, the total number of pledged shares by Yunnan Jiajun is 513,600,000, accounting for 95.11% of its holdings and 17.61% of the company's total share capital [1] - The purpose of the recent share pledge of 27 million shares is for contract performance guarantee [2] Group 2 - The company confirms that the controlling shareholder does not engage in non-operating fund occupation or illegal guarantees that could harm the interests of the listed company [2] - The share pledge will not have a significant impact on the company's operations or governance, and there is no risk of forced liquidation of the pledged shares [2] - The company will continue to monitor the share pledge situation and disclose relevant information as required [2]

证券代码：000711 证券简称：ST 京蓝 公告编号：2025-107 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。 重要内容提示：截至 2025 年 12 月 26 日，云南佳骏靶材科技有限公司累计 质押股份数量合计为 513,600,000 股，占其所持公司股份数量比例 95.11%，占 公司总股本比例 17.61%。敬请广大投资者关注风险，谨慎投资。 京蓝科技股份有限公司（以下简称"公司""上市公司""京蓝科技"）近 日收到控股股东云南佳骏靶材科技有限公司（以下简称"佳骏靶材"）发来的《证 券质押登记证明》，获悉其所持有本公司的部分股份办理了质押手续，现将有关 情况公告如下： 一、控股股东本次部分股份质押的基本情况 | | 是否为 | | | | 是否为 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 控股股 | | | | 限售股 | 是否 | 质 | | | | | 股东名 | 东或第 | 本次质押 | 占其所 | 占公司 | ...

Group 1 - The core point of the article is that ST Jinglan has received a pledge registration certificate indicating that its controlling shareholder, Yunnan Jiajun Target Material Technology Co., Ltd., has pledged 27 million shares of the company [1] - As of December 26, 2025, Yunnan Jiajun has cumulatively pledged approximately 514 million shares, which accounts for 95.11% of its total holdings in the company and 17.61% of the company's total share capital [1] - For the first half of 2025, ST Jinglan's revenue composition shows that resource recovery and comprehensive utilization accounted for 94.5%, soil remediation operation services for 4.99%, and other industries for 0.52% [1] Group 2 - As of the report date, ST Jinglan's market capitalization is 5 billion yuan [2]