Core Viewpoint - *ST Gaohong is facing severe financial misconduct allegations, leading to potential forced delisting due to significant violations of securities laws and regulations [2][10]. Summary by Sections Financial Misconduct - *ST Gaohong has been found to have inflated its revenue and profits through fictitious trade activities, resulting in a total inflated revenue of 19.876 billion yuan and inflated profits of 76.2259 million yuan from 2015 to 2023 [5][6]. - The company also engaged in fraudulent issuance of stocks during its non-public offering in 2020, which was based on the aforementioned inflated financial data [5]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has proposed a fine of 135 million yuan against *ST Gaohong and additional penalties for responsible individuals, including a 10-year ban from the securities market for key executives [6]. - The company has received a notice of administrative penalty from the CSRC, indicating serious violations of the Securities Law [4][10]. Stock Market Impact - Due to the ongoing investigations and violations, *ST Gaohong's stock is under risk warning and may face forced delisting [7][10]. - As of August 8, 2023, the stock price was reported at 2.21 yuan per share, with a total market capitalization of 2.6 billion yuan [11]. Internal Control Issues - The company has been flagged for significant internal control problems, leading to a series of risk warnings and an inability to provide a clear audit opinion for its financial reports [11]. - As of July 31, 2023, *ST Gaohong had approximately 52,000 shareholders, indicating a broad base of retail investors potentially affected by the ongoing issues [12].

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-23 湖北京山轻工机械股份有限公司 关于第四期员工持股计划锁定期届满的公告 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、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司（以下简称"公司"）第四期员工持股计划 （以下简称"本员工持股计划"）规定的锁定期将于 2025 年 7 月 4 日届满，根 据中国证监会《关于上市公司实施员工持股计划试点的指导意见》以及《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关规 定，现将本员工持股计划锁定期届满及其解锁情况公告如下： 一、本员工持股计划概况 公司分别于 2024 年 4 月 26 日召开的十一届董事会第七次会议、十一届监事 会第七次会议和 2024 年 5 月 16 日召开的 2023 年度股东大会上审议通过了《关 于<湖北京山轻工机械股份有限公司第四期员工持股计划（草案）>及其摘要的议 案》等议 ...

Core Viewpoint - The company announced an adjustment to the conversion price of its exchangeable bonds due to a cash dividend distribution to shareholders, reflecting its commitment to transparency and adherence to regulatory requirements [1][2][3]. Group 1: Bond Issuance and Adjustment - The controlling shareholder, J.S. Corrugating Machinery Co., Ltd., issued exchangeable bonds worth 200 million RMB with a maturity of 3 years and an initial conversion price of 17.00 RMB per share [1]. - The adjustment in the conversion price is a result of the company distributing a cash dividend of 0.70 RMB per 10 shares, which will take effect on July 8, 2025 [1][2]. - Following the dividend distribution, the conversion price will be adjusted from 17.00 RMB to 16.91 RMB per share, effective from June 28, 2024 [4]. Group 2: Dividend Distribution Details - The total number of shares as of March 31, 2025, is 622,874,778, leading to a total cash dividend distribution of approximately 43.60 million RMB [2]. - The record date for the dividend distribution is set for July 7, 2025, with the ex-dividend date on July 8, 2025 [2]. - The company will not issue additional shares or convert reserves into share capital as part of this dividend distribution [2].

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、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-22 湖北京山轻工机械股份有限公司 关于公司控股股东非公开发行可交换公司债券因公司 实施权益分派后换股价格调整的提示性公告 湖北京山轻工机械股份有限公司（以下简称"公司"）近日收到公司控股股 东京山京源科技投资有限公司（以下简称"京源科技"）的通知，其以公司部分 股票为标的发行的 2023 年非公开发行可交换公司债券（以下简称"本次可交换 公司债券"）因公司将于 2025 年 7 月 8 日向全体股东每 10 股派发现金红利 0.70 元（含税），京源科技将相应调整本次可交换公司债券的换股价格。具体情况如 下： 2023 年 10 月 24 日，京源科技完成本次可交换公司债券的发行，发行总额 为人民币 2.00 亿元人民币，债券期限为 3 年，初始换股价格为 17.00 元/股，债 券简称："23 京源 E ...

一、股东大会审议通过利润分配及资本公积金转增股本方案等情况 2024 年年度权益分派实施公告 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、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-21 湖北京山轻工机械股份有限公司 湖北京山轻工机械股份有限公司（以下简称"公司"）2024 年年度权益分派 方案已获 2025 年 5 月 20 日召开的 2024 年度股东大会审议通过，现将权益分派 事宜公告如下： 1.公司 2024 年度股东大会审议通过的权益分派方案为：以公司截至 2025 年 3 月 31 日总股本 622,874,778 股为基数，向全体股东每 10 股派发现金红利 0.70 元（含税），本次合计拟派发现金红利 43,601,234.46 元（含税），不送红 股，不以公积金转增股本。 2.自分配方案披露至实施期间，公司股本总额未发生变化。 3.本次实施的分配方案与公司 2024 年度股东 ...

Core Viewpoint - The company J.S. Corrugating Machinery Co., Ltd. plans to invest 150 million RMB in Jiangsu Runyang New Energy Technology Co., Ltd. through its subsidiary Suzhou Shengcheng Photovoltaic Equipment Co., Ltd. This investment is contingent upon the repayment of a debt of 20.83 million USD by related parties, which will serve as the sole funding source for the investment [1][2][3]. Group 1: Investment Overview - The total investment amount is set at 150 million RMB, which will result in the acquisition of 8,437,500 shares, representing 1.5523% of the total share capital of the target company post-investment [1][3]. - The investment is based on a long-term cooperative relationship between the investing company and the target company, aimed at optimizing resource allocation [2][3]. - The investment will be executed in cash, and the funding is entirely dependent on the repayment of the aforementioned debt [3][8]. Group 2: Target Company Information - Jiangsu Runyang New Energy Technology Co., Ltd. is a non-listed joint-stock company, with its legal representative being Tao Longzhong [3]. - The target company has a total asset valuation of 8 billion RMB, as assessed by Zhongjing Minxin (Beijing) Asset Appraisal Co., Ltd. [8]. - The financial data of the target company indicates total assets of approximately 4.317 billion RMB and total liabilities of about 2.986 billion RMB, resulting in a net asset value of around 742.369 million RMB [6][7]. Group 3: Financial and Legal Framework - The investment agreement stipulates that the investment will only be executed after the debt repayment is completed, ensuring that the investment is secured [9][10]. - The agreement includes provisions for potential compensation or buyback in case of specific events, such as failure to complete an IPO or if the investment does not yield expected returns [12][17]. - The investment is not classified as a related party transaction or a major asset restructuring under the relevant regulations [2][3].

Group 1 - The company JingShan Light Machinery (000821) announced that its wholly-owned subsidiary Suzhou Shengcheng Photovoltaic Equipment Co., Ltd. plans to increase its capital in Jiangsu Runyang New Energy Technology Co., Ltd. with a total investment of 150 million RMB [1] - After the capital increase, Shengcheng Photovoltaic will hold 8,437,500 shares of the target company, representing 1.5523% of the total share capital post-conversion [1] - The prerequisite for this capital increase is that the debtors or their affiliates must repay Shengcheng Photovoltaic a debt of 20.83 million USD, which is equivalent to 150 million RMB at the exchange rate of 1 USD = 7.2012 RMB [1]

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-20 湖北京山轻工机械股份有限公司 关于对外投资的公告 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、误导性陈述或者重大遗漏。 重要内容提示： 1.投资标的名称：江苏润阳新能源科技股份有限公司 2.投资金额：湖北京山轻工机械股份有限公司（以下简称"公司"）的全资 子公司苏州晟成光伏设备有限公司（以下简称"晟成光伏"）拟以现金出资的方 式对江苏润阳新能源科技股份有限公司（以下简称"润阳股份"或"目标公司"） 进行增资，增资总额为 1.5 亿元人民币。增资完成后，晟成光伏持有目标公司股 份数额为 8,437,500 股，占转股后目标公司总股本的 1.5523%（持股比例以最终 目标公司工商变更登记为准）。 3.增资前提与资金来源：润阳股份下属子公司（以下简称"债务方"）或其 关联方清偿晟成光伏 2,083 万美元（按 1 美元=7.2012 人民币， 折合人民币 1.5 亿元）债务 ...

Group 1: Company Performance - The company achieved an annual revenue of 8.723 billion yuan in 2024, representing a year-on-year growth of 20.92% [2] - The net profit attributable to shareholders reached 429 million yuan, with a year-on-year increase of 27.42% [2] - The company's overall asset-liability ratio for the photovoltaic business was 77.84% as of December 31, 2024 [5] Group 2: Shareholder Returns - The company distributed a cash dividend of 0.87 yuan per 10 shares, totaling 54,027,415.69 yuan (including tax) for the 2023 annual distribution [3] - For the 2024 profit distribution plan, the company proposed a cash dividend of 0.70 yuan per 10 shares, amounting to 43,601,234.46 yuan (including tax) [3] Group 3: Market Challenges and Strategies - The photovoltaic industry is facing challenges due to supply-demand imbalances, impacting overall profitability [5] - The company plans to increase R&D investment in new battery technology and establish a localized service network in Southeast Asia and Europe to mitigate risks [6] - The company aims to diversify its customer base and enhance cost management to improve risk resilience and profitability [6] Group 4: Regulatory and Investor Relations - The company is under investigation by the China Securities Regulatory Commission, with no conclusive findings reported yet [4] - The company emphasizes the importance of investor relations and commits to transparent communication with shareholders [2] - The company is required to disclose the progress of the investigation regularly, typically on a monthly basis [6]

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-19 湖北京山轻工机械股份有限公司 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 6 月 12 日(星期四)14:00-16:40。届时 公司董事、副总裁兼董事会秘书周家敏先生，公司副总裁、财务负责人曾涛女士 （具体参会人员以当天实际出席人员为准）将通过线上形式就公司 2024 年度业 绩、发展战略、公司治理、经营状况等投资者关心的问题，与投资者进行沟通与 交流，欢迎广大投资者踊跃参与！ 关于参加湖北辖区上市公司2025年投资者 网上集体接待日活动的公告 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、误导性陈述或者重大遗漏。 为进一步加强与广大投资者的互动交流，湖北京山轻工机械股份有限公司 （以下简称"公司"）将参加由湖北证 ...