Core Viewpoint - Jinlong Co., Ltd. announced that shareholders have pledged shares, indicating a significant level of shareholding commitment and potential liquidity management strategies [1] Share Pledge Details - Shareholders Zhu Fenglian and Yang Zhimao pledged 6.7 million shares and 500,000 shares respectively, accounting for 5.07% and 1.39% of their holdings, and 0.75% and 0.06% of the company's total share capital [1] - After the pledges, the controlling shareholder and its concerted parties have a total of 32.555 million shares pledged, representing 98.47% of their holdings and 36.33% of the total share capital [1] Financial Implications - The pledged shares correspond to financing balances of 1.185 billion yuan and 1.527 billion yuan due in the next six months and one year respectively [1] - The company possesses the ability to repay these debts, indicating no risk of forced liquidation from the current pledges [1]

证券代码：000712 证券简称：锦龙股份 公告编号：2025-73 广东锦龙发展股份有限公司 关于股东股份质押的公告 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。 广东锦龙发展股份有限公司（下称"本公司"）今日接到股东有 关办理股份质押的通知。具体情况如下： 一、股东股份质押基本情况 2．股东股份累计质押情况 | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | 股东 | 持股数量 | 持股 | 本次质押前 质押股份数 | 本次质押后 质押股份数 | 占其所 持股份 | 占公司 总股本 | 已质押 | 占已质 | 未质押 | 占未 | | 名称 | | 比例 | 量 | 量 | 比例 | 比例 | 股份限 | 押股份 | 股份限 | 质押 | | | | | | | | | 售和冻 | 比例 | 售和冻 | 股份 | | | | | | | ...

Core Viewpoint - Jinlong Co., Ltd. announced the lifting of the freeze on its 66.029 million shares of Dongguan Securities, which represents 4.4% of Dongguan Securities' registered capital, following the withdrawal of a lawsuit by Guangdong Lihe Investment Holding Co., Ltd. [2] Summary by Category - **Company Announcement** - Jinlong Co., Ltd. has lifted the freeze on its shares of Dongguan Securities due to the resolution of a legal dispute [2] - The shares were previously frozen due to a lawsuit related to a loan contract dispute [2] - **Legal Context** - The lawsuit was initiated by Guangdong Lihe Investment Holding Co., Ltd. in the Guangzhou Yuexiu District People's Court, which included a request for property preservation [2] - The lawsuit has been withdrawn, indicating that there are no undisclosed significant issues for the company [2]

广东锦龙发展股份有限公司董事会 广东锦龙发展股份有限公司（下称"公司"）于 2024 年 12 月 16 日披露了《关于参股公司部分股份被冻结的公告》（公告编号： 2024-109），广东立合投资控股有限公司（下称"立合投资"）以借 款合同纠纷为由向广州市越秀区人民法院（下称"越秀法院"）提起 诉讼并申请财产保全，越秀法院冻结了公司持有的东莞证券股份有限 公司（下称"东莞证券"）6,602.9 万股股份（占东莞证券注册资本 的 4.4%）。 近日，公司收到法院出具的民事裁定书并从国家企业信用信息公 示系统等获悉，立合投资已撤诉，公司持有的上述东莞证券 6,602.9 万股股份（占东莞证券注册资本的 4.4%）已解除冻结。 特此公告。 证券代码：000712 证券简称：锦龙股份 公告编号：2025-72 广东锦龙发展股份有限公司 关于参股公司部分股份解除冻结的公告 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。 二〇二五年十一月二十五日 ...

重庆市第五中级人民法院分别于 2025 年 10 月 12 日 10 时至 2025 年 10 月 13 日 10 时止、2025 年 10 月 27 日 10 时至 2025 年 10 月 28 日 10 时止在京东网司法拍卖网络平台（http://sifa.jd.com）公开 拍卖广东锦龙发展股份有限公司（下称"公司"）控股股东东莞市新 世纪科教拓展有限公司（下称"新世纪公司"）所持有的公司 3,000 万股股份、1,350 万股股份。根据京东网司法拍卖网络平台发布的《成 交确认书》，上述被拍卖的 4,350 万股股份均已成交，具体情况详见 公司分别于 2025 年 10 月 14 日、2025 年 10 月 29 日披露的《关于股 东股份被司法拍卖的进展公告》（公告编号：2025-64、2025-67）。 今日，公司接到新世纪公司函告并通过中国证券登记结算有限责 任公司深圳分公司系统查询，上述被拍卖股份中的 300 万股股份已于 2025 年 11 月 18 日完成过户登记手续。 证券代码：000712 证券简称：锦龙股份 公告编号：2025-71 广东锦龙发展股份有限公司 关于股东被司法拍卖股份部分完 ...

证券代码：000712 证券简称：锦龙股份 公告编号：2025-70 广东锦龙发展股份有限公司 关于股东被司法拍卖股份部分完成过户暨权益变动的 提示性公告 公司控股股东东莞市新世纪科教拓展有限公司及其一致行动人 杨志茂先生和朱凤廉女士保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 一、本次权益变动基本情况 重庆市第五中级人民法院分别于 2025 年 10 月 12 日 10 时至 2025 年 10 月 13 日 10 时止、2025 年 10 月 27 日 10 时至 2025 年 10 月 28 日 10 时止在京东网司法拍卖网络平台（http://sifa.jd.com）公开 拍卖广东锦龙发展股份有限公司（下称"公司"）控股股东东莞市新 世纪科教拓展有限公司（下称"新世纪公司"）所持有的公司 3,000 万股股份、1,350 万股股份。根据京东网司法拍卖网络平台发布的《成 交确认书》，上述被拍卖的 4,350 万股股份均已成交，具体情况详见 公司分别于 2025 年 10 月 14 日、2025 年 ...

Market Overview - The securities sector experienced a decline of 0.77% on November 12, with Xiangcai Co. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Notable gainers included Changcheng Securities, which rose by 1.42% to a closing price of 10.68, and Tuitai Haidao, which increased by 0.87% to 19.80 [1] - Xiangcai Co. saw the largest decline, dropping 8.12% to 11.65, followed by Tusheng Securities, which fell 4.47% to 18.39 [2] Trading Volume and Value - Changcheng Securities had a trading volume of 631,600 shares, with a transaction value of 678 million yuan [1] - Xiangcai Co. recorded a trading volume of 1,324,800 shares, with a transaction value of 154.5 million yuan [2] Capital Flow Analysis - The securities sector experienced a net outflow of 3.159 billion yuan from institutional investors, while retail investors saw a net inflow of 1.746 billion yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors on that day [2] Detailed Capital Flow for Selected Stocks - Changcheng Securities had a net outflow of 59.0186 million yuan from institutional investors, while retail investors contributed a net inflow of 71.0545 million yuan [3] - Guotai Junan Securities experienced a net inflow of 41.7866 million yuan from institutional investors, indicating a positive sentiment towards this stock [3]

Core Viewpoint - Jindong Co., Ltd. has experienced a stock price increase of 2.08% on November 11, with a current price of 13.74 CNY per share, despite a year-to-date decline of 9.13% [1] Financial Performance - For the period from January to September 2025, Jindong Co., Ltd. reported a total revenue of 0.00 CNY, while the net profit attributable to shareholders reached 1.52 billion CNY, marking a year-on-year growth of 258.58% [2] - The company has cumulatively distributed 5.54 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Jindong Co., Ltd. increased to 79,500, up by 1.24% from the previous period, with an average of 11,264 shares held per shareholder, a decrease of 1.23% [2] - The top ten circulating shareholders include the Guotai Junan CSI All-Index Securities Company ETF, which holds 13.90 million shares, an increase of 5.58 million shares from the previous period, and the Huabao CSI All-Index Securities Company ETF, which is a new shareholder holding 9.23 million shares [3] Market Activity - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on July 24, where it recorded a net purchase of 1.76 billion CNY, accounting for 17.13% of the total trading volume [1]

Group 1 - The CSI All Share Securities Company Index fell by 0.35% as of November 11, with notable gains from Northeast Securities, Huazhong Securities, and others [1] - The Broker ETF (159842) experienced a decline of 0.25% with a trading volume exceeding 34 million yuan and a premium rate of 0.03% [1] - The Broker ETF has seen net inflows for two consecutive days, accumulating over 330 million yuan in the last 10 trading days, with 8 days of net inflows [1] Group 2 - China Aviation Securities is optimistic about the growth potential of the brokerage industry, highlighting that regulatory encouragement for industry consolidation is a positive trend [2] - Mergers and acquisitions are viewed as effective means for brokerages to achieve external growth, enhancing overall industry competitiveness and resource allocation [2] - Industry consolidation is expected to improve concentration and create scale effects within the brokerage sector [2]

Core Insights - Jinlong Co., Ltd. is a mid-sized enterprise in the securities sector, established in April 1997 and listed on the Shenzhen Stock Exchange, with a focus on securities business and various financial concepts [1] Financial Performance - For Q3 2025, Jinlong reported revenue of 643 million, ranking 45th among 45 companies in the industry, significantly lower than the top performer, CITIC Securities, which had revenue of 55.815 billion, and the industry average of 9.429 billion [2] - The net profit for the same period was 150 million, placing Jinlong at 44th in the industry, compared to CITIC Securities' net profit of 23.916 billion and the industry average of 3.881 billion [2] Financial Ratios - As of Q3 2025, Jinlong's debt-to-asset ratio was 68.53%, down from 74.33% year-on-year and slightly below the industry average of 68.82% [3] - The gross profit margin for Q3 2025 was 21.70%, significantly lower than the industry average of 42.78%, but a notable increase from 3.08% in the same period last year [3] Executive Compensation - The chairman, Zhang Dandan, received a salary of 2.378 million in 2024, an increase of 742,500 from 2023 [4] - The general manager, Xuan Zhensheng, earned 1.115 million in 2024 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.24% to 79,500, with an average holding of 11,300 circulating A-shares, a decrease of 1.23% [5] - The top circulating shareholder, Guotai Zhongzheng All-Index Securities Company ETF, held 13.9047 million shares, an increase of 5.5838 million shares from the previous period [5]