一、主要会计数据和财务指标 前十大流通股东累计持有： 16989.06万股，累计占流通股比： 31.58%，较上期变化： 221.06万股。 | 持有数量(万股) 名称 | | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 嘉兴天堂硅谷股权投资有限公司 | 5514.48 | 10.25 | 不变 | | 海南筑华科工贸有限公司 | 4550.86 | 8.46 | 不变 | | 嘉兴硅谷天堂鹰杨投资合伙企业(有限合伙) | 3363.43 | 6.25 | 不变 | | 上海九和寰宇管理咨询有限公司 | 918.28 | 1.71 | 22.17 | | SHANGLONG XU | 699.89 | 1.30 | 新进 | | 王松涛 | 419.79 | 0.78 | 不变 | | 陈捷 | 409.44 | 0.76 | 105.00 | | 西藏星瑞企业管理服务有限公司 | 397.99 | 0.74 | 新进 | | 财达证券（600906）-民生银行-财达证券成长6号集合资 | | | | | 产管理计划 | 364 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥99,465,494.21, a decrease of 7.44% compared to ¥107,455,170.27 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥937,710.62, an improvement of 86.83% from a loss of ¥7,121,487.54 in the previous year[4] - The net cash flow from operating activities improved to -¥25,874,408.09, a 38.90% increase compared to -¥42,344,921.02 in the same period last year[4] - The company reported a significant increase in investment income to ¥1,953,408.27, up 217.07% from a loss of ¥1,668,576.15 in the previous year[9] - The company’s basic earnings per share improved to -¥0.0017, an increase of 87.12% from -¥0.0132 in the same period last year[4] - Net profit for the period was ¥-1,659,873.79, compared to ¥-7,838,621.39 in the previous period, showing an improvement of approximately 78.8%[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥880,419,018.60, reflecting a 3.42% increase from ¥851,310,724.86 at the end of the previous year[4] - The company’s total current assets increased to CNY 460,977,316.38 from CNY 425,430,189.57, reflecting a growth of approximately 8.6%[12] - Total current liabilities rose to CNY 103,661,438.76 from CNY 83,620,870.44, an increase of approximately 24%[13] - The total liabilities increased to ¥175,706,786.70 from ¥131,438,619.18, an increase of approximately 33.7%[14] - Total equity decreased to ¥704,712,231.90 from ¥719,872,105.68, a decline of about 2.1%[14] Cash Flow - The cash flow from investing activities showed a net inflow of ¥6,568,815.35, a 152.06% improvement compared to a net outflow of -¥12,617,198.35 in the previous year[9] - Cash flow from operating activities showed a net outflow of ¥-25,874,408.09, an improvement from ¥-42,344,921.02 in the previous period[18] - Cash flow from investing activities generated a net inflow of ¥6,568,815.35, compared to a net outflow of ¥-12,617,198.35 in the previous period[19] - Cash flow from financing activities resulted in a net inflow of ¥16,717,799.99, compared to a net outflow of ¥-20,320,989.46 in the previous period[20] - The cash and cash equivalents at the end of the period were ¥215,903,812.89, compared to ¥64,499,006.71 in the previous period, indicating a significant increase[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,663[11] - The largest shareholder, Jiaxing Paradise Silicon Valley Equity Investment Co., Ltd., holds 10.24% of shares, totaling 55,144,810 shares[11] - The number of shares held by the top ten shareholders with unrestricted sales conditions totals 55,144,810 shares, indicating a concentration of ownership[11] Operational Efficiency - The company experienced a 45.04% reduction in selling expenses, which amounted to ¥3,240,055.42 compared to ¥5,895,058.82 in the same period last year[8] - Total operating costs decreased to ¥104,606,631.36 from ¥113,730,804.24, a decline of about 8.0% year-over-year[15] Inventory and Receivables - Accounts receivable decreased to CNY 60,743,238.98 from CNY 67,122,286.51, a decline of about 9.5%[12] - Inventory increased to CNY 88,698,641.30 from CNY 72,331,034.95, representing a rise of approximately 22.7%[12] - The company reported a significant increase in prepayments, which rose to CNY 70,095,031.11 from CNY 38,252,054.70, a growth of approximately 83.3%[12] Governance and Compliance - The first quarter report has not been audited[21] - The new accounting standards will be implemented starting in 2025[21] - The board of directors meeting was held on April 23, 2025[22]

Core Viewpoint - The company Xinlong Holdings is facing a governance crisis as it postpones the election of its board of directors, raising concerns among minority shareholders about potential long-term risks and the lack of transparency in the decision-making process [1][2][6]. Group 1: Board of Directors and Governance - Xinlong Holdings announced a delay in the election of its board and supervisory committee, citing that the preparations for the election are ongoing [2]. - The second-largest shareholder, Hainan Zhuhua, submitted a proposal to increase the number of candidates for the board but was rejected by the current board, which claimed the proposal did not meet regulatory requirements [2][3]. - The current board was elected in March 2022 for a three-year term, which expired in March 2025, and the delay in the election raises questions about compliance with corporate governance norms [2][3]. Group 2: Shareholder Dynamics - The ownership structure shows that the controlling shareholders, including Jiaxing Paradise Silicon Valley Investment Co., hold a significant portion of shares, which may influence the board's decisions [2]. - The ongoing board delay is perceived as a tactic to maintain control and avoid potential conflicts that could arise from a change in board composition, especially given the company's poor performance [6][7]. Group 3: Market Context and Implications - The trend of board election delays is noted to be more prevalent among companies with declining profits, indicating a possible correlation between poor performance and governance issues [6]. - Xinlong Holdings' market value has decreased significantly since the acquisition by Silicon Valley Paradise, highlighting the challenges the company faces in its core business operations [6][7]. - The company may need to consider bringing in new strategic investors to revitalize its operations and governance structure, as continued inaction could lead to legal challenges from minority shareholders and further financial difficulties [7][8].

Core Points - The board of directors of Xunlong Holdings convened its 20th meeting on April 13, 2025, to discuss and approve several resolutions [1][6] - The board agreed to waive the requirement for advance notice for the temporary meeting, ensuring the validity of the resolutions passed [1][2] - The board also voted against submitting a temporary proposal from a shareholder for consideration at the upcoming shareholder meeting [3][10] Summary by Sections Board Meeting Details - The meeting was held in Haikou, Hainan Province, with all nine directors present, and was conducted in compliance with the Company Law and the Articles of Association [1] - The board approved the waiver of the three-day advance notice requirement for the temporary meeting [1][2] Shareholder Proposal - A temporary proposal was submitted by Hainan Zhuhua, a shareholder holding over 5% of the company's shares, requesting the addition of two items to the agenda of the upcoming shareholder meeting [8] - The proposal included nominations for non-independent and independent directors for the ninth board [8] Board's Decision on the Proposal - The board determined that the temporary proposal did not meet the necessary formal requirements as outlined in relevant regulations [11][12] - The proposal lacked required declarations and supporting documents, leading to the decision not to submit it for shareholder consideration [11][13] Legal Opinions - Beijing Zhide Law Firm provided legal opinions regarding the board's decision not to submit the shareholder's temporary proposal, which were disclosed on the same day [15]

Core Viewpoint - Xunlong Holdings announced the rejection of a temporary proposal from shareholder Hainan Zhuhua, citing non-compliance with relevant regulations and incomplete candidate information for the board of directors [1][2][3] Group 1: Proposal Rejection - The board of Xunlong Holdings decided not to submit Hainan Zhuhua's temporary proposal for shareholder meeting review due to lack of necessary declarations and supporting documents [2] - The proposal included nominations for non-independent and independent directors, but the required documentation was found to be incomplete [2][3] - The board's voting results showed 8 votes in favor and 1 against, with director Mo Yueming opposing without providing a reason [3] Group 2: Background of Conflict - The conflict between Xunlong Holdings and Hainan Zhuhua has a long history, with Hainan Zhuhua previously being the controlling shareholder until December 2019 [4] - Xunlong Holdings was involved in a legal dispute with Hainan Zhuhua regarding investment responsibilities related to the Hongmian Fund, which led to a court ruling against Hainan Zhuhua [5] - Currently, Hainan Zhuhua is suing Xunlong Holdings for approximately 23.58 million yuan, claiming damages related to the investment guarantee [5]

证券代码：000955 证券简称：欣龙控股 公告编号：2025-017 欣龙控股（集团）股份有限公司董事会 关于股东临时提案不予提交股东会审议事项说明的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、股东会通知情况 董事候选的议案》 8.1 提名莫跃明先生为公司第九届董事会非独立董事候选人 8.2 提名胡长虹先生为公司第九届董事会非独立董事候选人 8.3 提名严立虎先生为公司第九届董事会非独立董事候选人 8.4 提名胡兵先生为公司第九届董事会非独立董事候选人 欣龙控股（集团）股份有限公司（以下简称"公司"）于 2025 年 4 月 1 日召开第八届董事会第十九次会议，决定于 2025 年 4 月 23 日 召开公司 2024 年度股东会，具体内容详见公司于 2025 年 4 月 3 日在 《上海证券报》及巨潮资讯网（www.cninfo.com.cn）披露的《关于召 开 2024 年度股东会的通知》（公告编号：2025-014）。 二、股东增加临时提案基本情况 2025 年 4 月 11 日下午,公司董事会收到海南筑华科工贸有限公 司（以下简称"海南筑 ...

北京植德律师事务所 关于欣龙控股（集团）股份有限公司董事会决议 对股东临时提案不予提交股东会审议事项的 法律意见书 植德(证)字[2025]0016 号 二〇二五年四月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话（Tel）：010-56500900 传真（Fax）：010-56500999 www.meritsandtree.com 关于欣龙控股（集团）股份有限公司董事会决议 对股东临时提案不予提交股东会审议事项的 法律意见书 植德(证)字[2025]0016 号 致：欣龙控股（集团）股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下 简称"《股东会规则》"）、《深 ...

证券代码：000955 证券简称：欣龙控股 公告编号：2025-016 欣龙控股（集团）股份有限公司 欣龙控股（集团）股份有限公司（以下简称"公司"）第八届董事会 第二十次会议于 2025 年 4 月 12 日分别以专人送达、电子邮件、电话通知 方式发出会议通知，于 2025 年 4 月 13 日在海南省海口市美兰区国兴大 道 3 号互联网金融大厦 B 座 23 层四号会议室以现场结合视频的方式召开。 本次会议应参加人数为 9 人，实际参加人数为 9 人。会议由董事长鲍钺先 生主持。会议的召集和召开符合《公司法》及《公司章程》的规定。会议 审议并通过了以下议案： 一、审议通过了《关于董事会临时会议豁免提前通知的议案》 本次召开的董事会审议事项已与全体董事进行了事前沟通。全体董事 同意豁免召开临时董事会会议应于会议召开 3 日前通知全体董事的要求， 并且同意该次董事会各项议案的有效性不会因该等豁免而受影响。 表决结果：9 票同意，0 票反对，0 票弃权。 二、审议通过了《关于股东临时提案不予提交股东会审议的议案》 表决结果：8 票同意，1 票反对，0 票弃权。 董事莫跃明先生对本议案投反对票，未提供反对理由。 ...

Core Insights - The company faced significant challenges in 2024, with a decline in revenue and a substantial drop in cash flow from operating activities, despite a narrowing of net losses [1][2][6]. Financial Performance - Revenue for 2024 was 522,977,748.84 yuan, a decrease of 11.53% from 591,117,705.50 yuan in 2023, indicating a tough market environment [1]. - The net loss attributable to shareholders was -16,612,654.59 yuan, an improvement of 41.56% compared to -28,428,383.30 yuan in 2023, but the company remains unprofitable [2]. - Basic earnings per share were -0.0309 yuan, showing a 41.48% improvement from -0.0528 yuan in 2023, yet still negative [3]. Cost Management - Sales expenses slightly decreased by 2.40% to 22,511,966.21 yuan, reflecting cost control measures in response to declining revenue [4]. - Management expenses fell by 12.33% to 33,022,399.76 yuan due to reduced personnel costs [4]. - Financial expenses significantly decreased by 48.80% to 3,102,325.99 yuan, indicating successful debt structure optimization [4]. Research and Development - R&D expenses increased by 22.54% to 20,418,714.25 yuan, with R&D spending as a percentage of revenue rising from 2.82% to 3.90% [5]. - The number of R&D personnel decreased by 12.93% from 116 to 101, raising concerns about R&D efficiency [5]. Cash Flow Analysis - Net cash flow from operating activities dropped by 70.12% to 10,011,260.12 yuan, primarily due to reduced sales collections [6]. - Cash inflow from investment activities increased by 16.68% to 117,140,790.44 yuan, attributed to the redemption of financial products [7]. - Net cash flow from financing activities improved by 46.74% to -49,410,838.78 yuan, reflecting a decrease in overall bank borrowing [7].

Core Viewpoint - The company, Xinlong Holdings, has announced that it will not distribute profits for the fiscal year 2024 due to negative net profits and accumulated losses [1]. Group 1: Profit Distribution Plan - The company’s net profit attributable to shareholders for 2024 is reported as -16,612,654.59 yuan, with accumulated undistributed profits for the parent company at -391,179,507.90 yuan and consolidated undistributed profits at -379,984,518.02 yuan [1]. - The company plans to implement no cash or stock dividend distribution and will not conduct capital reserve transfers to increase share capital [1]. Group 2: Specifics on Non-Distribution of Cash Dividends - The total cash dividend for the current year is 0.00 yuan, consistent with the previous two years [1]. - The net profit attributable to shareholders for the previous year was -28,428,383.30 yuan, and for the year before that, it was -120,440,704.30 yuan [1]. - The cumulative undistributed profits at the end of the current year are -379,984,518.02 yuan for consolidated statements and -391,179,507.90 yuan for the parent company [1]. Group 3: Reasons for Non-Distribution of Profits - The decision not to distribute profits is based on the negative accumulated profits in both consolidated and parent company statements, which do not meet the objective conditions for profit distribution [1]. - The board of directors aims to ensure the company's sustainable and stable development while protecting the long-term interests of all shareholders [1].