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]

Core Insights - The company, Jinlong Co., Ltd. (000712.SZ), reported a total operating revenue of 643 million yuan for Q3 2025, ranking 50th among disclosed peers [1] - The net profit attributable to shareholders was 152 million yuan, also ranking 50th among peers [1] - The net cash flow from operating activities was 847 million yuan, ranking 35th, showing a decrease of 1.01 billion yuan, or 54.38% year-on-year [1] Financial Metrics - The company's latest debt-to-asset ratio is 80.12%, ranking 35th among disclosed peers [3] - The return on equity (ROE) stands at 6.00% [4] - The diluted earnings per share (EPS) is 0.03 yuan, ranking 48th among peers [5] - The total asset turnover ratio is 0.03 times, ranking 44th among peers [5] Shareholder Structure - The number of shareholders is 79,500, with the top ten shareholders holding 444 million shares, accounting for 49.55% of the total share capital [5] - The largest shareholder is Dongguan New Century Science and Education Development Co., Ltd., holding 19.64% [5]

Core Viewpoint - Jinlong Co., Ltd. reported significant growth in both revenue and net profit for the third quarter of 2025, indicating strong operational performance and potential investment opportunities [1] Financial Performance - In Q3 2025, the company achieved a revenue of 226 million yuan, representing a year-on-year increase of 71.02% [1] - The net profit attributable to shareholders reached 27.32 million yuan, marking a year-on-year growth of 160.89% [1] - Basic earnings per share for Q3 2025 were 0.03 yuan [1] Year-to-Date Results - For the first three quarters of 2025, the company reported a total revenue of 643 million yuan, which is a year-on-year increase of 31.07% [1] - The net profit attributable to shareholders for the first three quarters was 152 million yuan, reflecting a substantial year-on-year growth of 258.58% [1] - Basic earnings per share for the first three quarters stood at 0.17 yuan [1]

Core Insights - Jinlong Co., Ltd. reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating income of 225 million yuan, representing a year-on-year increase of 71.02% [1] - The net profit attributable to shareholders reached 27.32 million yuan, marking a year-on-year increase of 160.89% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.99 million yuan, reflecting a year-on-year increase of 171.08% [1] - The basic earnings per share stood at 0.03 yuan [1]

Group 1 - The core viewpoint of the article highlights the significant growth in Jinlong Co., Ltd.'s financial performance for the third quarter of 2025, with a notable increase in revenue and net profit compared to the previous year [1] - Jinlong Co., Ltd. reported a revenue of approximately 643 million yuan for the first three quarters of 2025, representing a year-on-year increase of 31.07% [1] - The net profit attributable to shareholders of the listed company reached approximately 152 million yuan, showing a substantial year-on-year increase of 258.58% [1] - The basic earnings per share for Jinlong Co., Ltd. was 0.17 yuan, which is an increase of 258.88% compared to the same period last year [1] - As of the report, Jinlong Co., Ltd. has a market capitalization of 12.2 billion yuan [1]

Group 1 - The core point of the article is that Jinlong Co., Ltd. reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue reached 226 million yuan, representing a year-on-year increase of 71.02% [1] - The net profit for the third quarter was 27.32 million yuan, showing a year-on-year growth of 160.89% [1] - For the first three quarters, the total revenue amounted to 643 million yuan, which is a year-on-year increase of 31.07% [1] - The net profit for the first three quarters was 152 million yuan, reflecting a substantial year-on-year increase of 258.58% [1]

Financial Performance - Total operating revenue for Q3 2025 reached ¥225,821,486.39, an increase of 71.02% year-on-year[5] - Net profit attributable to shareholders was ¥27,323,903.61, representing a significant increase of 160.89% compared to the same period last year[5] - Basic earnings per share rose to ¥0.030, up 160.00% year-on-year, while diluted earnings per share also increased by the same percentage[5] - Total revenue for the first nine months of 2025 reached ¥643.07 million, a 31.07% increase compared to ¥490.65 million in the same period of 2024, primarily driven by investment income and increased commission fees[9] - Net commission income rose by 35.02% to ¥264.96 million from ¥196.23 million, attributed to increased trading activity in the securities market[9] - Investment income surged by 101.34% to ¥725.21 million, up from ¥360.19 million, mainly due to the sale of part of the equity in Dongguan Securities[9] - The net profit attributable to shareholders increased by 258.58% to ¥152.17 million, compared to a loss of ¥95.96 million in the previous year, driven by increased investment income from the sale of Dongguan Securities[9] - Net profit for the current period was ¥149,545,184.27, a significant recovery from a net loss of ¥42,043,492.33 in the previous period[16] - The total comprehensive income attributable to the parent company was approximately ¥136.19 million, compared to a loss of ¥79.15 million in the previous period[17] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥22,929,480,987.90, a decrease of 3.14% from the end of the previous year[5] - The company’s long-term equity investments decreased by 47.51% to ¥2,045,231,854.20, mainly due to the sale of part of its equity in Dongguan Securities[8] - The total liabilities decreased significantly, with borrowed funds down by 41.70% to ¥703,916,452.73[8] - The company’s financial liabilities totaled ¥18,370,357,866.67, down from ¥19,195,782,436.08, indicating a reduction of approximately 4.3%[15] - The company’s total liabilities to equity ratio stands at approximately 4.03, indicating a high leverage position[15] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥847,470,576.19, down 54.38% compared to the previous year[5] - Cash inflow from operating activities decreased by 73.92% to ¥1.39 billion, down from ¥5.31 billion, primarily due to reduced cash inflows from repurchase and borrowing activities[9] - Cash inflow from investment activities skyrocketed by 1858.79% to ¥2.36 billion, compared to ¥120.57 million, mainly from the proceeds of selling Dongguan Securities[9] - Total cash outflow from financing activities decreased by 31.64% to ¥2.48 billion from ¥3.63 billion[9] - The net cash flow from operating activities was ¥847.47 million, down from ¥1.86 billion in the previous period[19] - The total cash inflow from investment activities was ¥2.36 billion, significantly higher than ¥120.57 million in the previous period[20] - The net cash flow from financing activities was -¥2.17 billion, compared to -¥543.84 million in the previous period[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,518, with the top ten shareholders holding significant stakes[11] - The company completed the transfer of 30 million shares of Dongguan Securities, constituting 20% of its total share capital, for a total consideration of ¥227,175.42 million[12] - The company plans to divest its 67.78% stake in Zhongshan Securities, which is classified as a major asset restructuring under regulations[13] Other Financial Metrics - The weighted average return on equity increased by 2.95 percentage points to 1.09% for the current period[5] - The company reported a significant increase in credit impairment losses of 241.52%, amounting to ¥1.66 million, compared to a reversal of ¥1.17 million in the previous year[9] - The fair value change in financial assets resulted in a loss of ¥140.26 million, a decline of 169.39% from a gain of ¥202.14 million in the previous year[9] - The company’s cash and cash equivalents increased to ¥7,342,528,368.03 from ¥6,215,431,673.56, marking a rise of about 18.1%[14] - The net interest income improved to -¥227,633,970.86 from -¥289,316,951.20, showing a positive trend in financial performance[16] - The company received cash from interest, fees, and commissions totaling ¥725.99 million, up from ¥581.70 million in the previous period[19] - The company reported a decrease in cash outflows for operating activities, totaling ¥537.56 million, compared to ¥3.45 billion in the previous period[19] - The company did not execute any mergers or acquisitions during the reporting period[17]

证券代码：000712 证券简称：锦龙股份 公告编号：2025-68 广东锦龙发展股份有限公司 关于部分债务到期未能清偿的公告 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。 一、本次到期未偿还债务基本情况 广东锦龙发展股份有限公司（下称"公司"）于 2025 年 9 月 24 日召开的 2025 年第二次临时股东大会审议通过了《关于借款展期的 议案》，同意将公司向东莞信托有限公司（下称"东莞信托"）的 138,755.5 万元借款展期两年，原质押的公司所持中山证券有限责任 公司 33.88%股权将相应展期。 公司股东大会审议通过该议案后，公司管理层积极推进办理本次 向东莞信托借款展期的相关事宜，但由于公司与东莞信托暂未能就展 期合同的部分条款达成一致，正在进行协商，故截至本公告日，双方 尚未签署展期合同等相关法律文件，导致公司向东莞信托的借款余额 137,139.73 万元（占公司 2024 年度经审计归属于公司股东的净资产 的 57.14%）到期未能清偿，具体如下： 1 二、对公司的影响 目前，公司正积极与债权人协商借款展期事宜，力争尽快签署展 期合同等相 ...

证券代码：000712 证券简称：锦龙股份 公告编号：2025-67 广东锦龙发展股份有限公司 广东锦龙发展股份有限公司（下称"公司"）于 2025 年 10 月 9 日披露了《关于股东股份被司法拍卖的提示性公告》（公告编号： 2025-62），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"）所持有的合计 13,500,000 股股份于 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）进行公开拍卖。 一、本次司法拍卖的竞价结果 根据京东网司法拍卖网络平台发布的《成交确认书》： 1．用户姓名：成都金耀壹号企业管理合伙企业（有限合伙）通 过竞买号 234688722 于 2025 年 10 月 28 日在重庆市第五中级人民法 院于京东网开展的"东莞市新世纪科教拓展有限公司持有的 300 万 股（证券简称：锦龙股份，证券代码：000712，无限售流通股票）" 司法拍卖项目公开竞价中，以最高应价胜出。 该标的物网络拍卖成交价格：￥34939900.00（叁仟肆佰玖拾叁 万玖仟玖佰圆整）。 2．用 ...

证券代码：000712 证券简称：锦龙股份 公告编号：2025-66 广东锦龙发展股份有限公司 关于股东股份解除质押及质押的公告 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"）有关办理 股份解除质押及质押的通知。具体情况如下： 一、股东股份解除质押及质押基本情况 2．本次股份质押基本情况 | | 是否为 控股股 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 东或第 | | 占其所 | 占公司 | 是否 | 是否 | | | | | | 股东 | 一大股 | 本次质押数 | 持股份 | 总股本 | 为限 | 为补 | 质押起始日 | 质押到期 | 质权人 | 质押 | | 名称 | 东及其 | 量 | 比例 | 比例 | 售股 | 充质 | | 日 | | 用途 | | | 一致行 | | | | | 押 | | | ...