Core Viewpoint - The announcement from Jingyi Co., Ltd. indicates that the company's controlling shareholder may face judicial auction of shares, potentially leading to a change in control [1] Group 1: Shareholder and Control Changes - Jingyi Co., Ltd. disclosed that its controlling shareholder, Nantong Sanjian Holding Co., Ltd., may have 75.1847 million shares (currently under pledge/judicial freeze) auctioned by the Jiangsu Province Nantong City Haimen District People's Court on October 9-10 [1] - If the auction is successful, it could result in a change of the company's controlling shareholder and actual controllers, currently identified as Huang Yuhui, Zhou Binggao, and Shi Hui [1] Group 2: Current Company Status - As of the announcement date, Nantong Sanjian Holding Co., Ltd. does not have any non-operating fund occupation or illegal guarantees that would harm the company's interests [1] - The company's operational activities are currently normal, and this matter has not significantly impacted its production, operations, or governance [1] - There are no performance compensation obligations required from the controlling shareholder at this time [1]

Group 1 - The core point of the news is that the controlling shareholder of Jingyi Co., Ltd. is facing a court-ordered auction of 75,184,700 shares, which may lead to a change in the company's control [1] - The auction is scheduled to take place from October 9 to October 10, 2025, and the shares are currently under pledge and judicial freeze [1] - If the auction is successful, the controlling shareholder, Sanjian Holdings, will no longer hold any shares, potentially resulting in a change of the actual controller of the company [1] Group 2 - As of the first half of 2025, Jingyi Co., Ltd. reported that 98.62% of its revenue came from the processing industry, with other businesses contributing 1.24% and new energy accounting for 0.14% [1] - The current market capitalization of Jingyi Co., Ltd. is 2.5 billion yuan [2]

Core Viewpoint - The controlling shareholder of Jingyi Co., Ltd. (002295), Nantong Sanjian Holding Co., Ltd., will have 75.1847 million shares (29.9996% of total shares) auctioned by the Haimen District Court of Nantong City on October 9-10, which may lead to a change in the company's control [1] Group 1 - The shares to be auctioned represent a significant portion of the company's total equity, indicating potential implications for corporate governance and control [1] - The auction is currently in the public notice period, suggesting that stakeholders should monitor developments closely [1] - If the auction is successful, it will result in a change of equity ownership, which could impact the company's strategic direction and operational decisions [1]

Group 1 - The controlling shareholder, Nantong Sanjian Holdings Co., Ltd., holds 75,184,700 shares of the company, which are currently under pledge/judicial freeze and are subject to public auction by the Jiangsu Province Nantong City Haimen District People's Court [1][2] - If the auction is successful, it may lead to a change in the company's controlling shareholder and actual controller, currently held by Huang Yuhui, Zhou Binggao, and Shi Hui [1][2] - The shares represent approximately 29.9996% of the company's total share capital, and if sold, Nantong Sanjian will no longer hold any shares in the company [1][2] Group 2 - The auction process may involve various stages, including bidding, payment, and transfer of ownership, with uncertain outcomes [1][2] - The company will closely monitor the situation and fulfill its information disclosure obligations in accordance with legal requirements [2] - The company emphasizes that all information will be disclosed through selected media, including Securities Times and China Securities Journal, and urges investors to make rational investment decisions [2]

关于控股股东持有的公司股份可能被司法拍卖 暨公司控制权或将发生变更的提示性公告 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。 特别风险提示： 1、本次拟司法拍卖标的物为广东精艺金属股份有限公司（以下简称"公司"） 控股股东南通三建控股有限公司（以下简称"三建控股"）持有的公司 75,184,700 股股份，占其持有公司股份总数的 100%，占公司总股本的 29.9996%。 目前三建控股为公司控股股东，公司实际控制人为黄裕辉、周炳高、施晖，若上 述股份拍卖成功，将可能导致公司控股股东、实际控制人发生变更。敬请广大投 资者审慎决策，注意投资风险。 2、本次司法拍卖事项尚处于拍卖公示阶段，根据相关规定，法院有权在拍卖 开始前、拍卖过程中中止拍卖或撤回拍卖，后续可能还涉及竞拍（或流拍）、缴 款、法院执行法定程序、股权变更过户等环节，拍卖结果存在不确定性。公司将 密切关注该事项的后续进展情况，并及时履行信息披露义务。 一、股东股份被司法拍卖的情况 2025 年 9 月 4 日，公司收到控股股东三建控股转发的《江苏省南通市海门区 人民法院拍卖通知书》【（2025）苏 ...

证券代码：002295 证券简称：精艺股份 公告编号：2025-047 广东精艺金属股份有限公司 关于对外担保的进展公告 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。 特别风险提示： 截至公告日，公司及子公司为其下属控股公司累计实际发生担保总余额占公 司最近一期经审计净资产的 40.57%，对资产负债率超过 70%的单位担保金额占公 司最近一期经审计净资产的 29.42%，敬请投资者注意相关风险。 第 1 页 共 3 页 三、被担保人基本情况 公司名称：佛山市顺德区精艺万希铜业有限公司 成立时间：2003 年 10 月 24 日 一、担保情况概述 广东精艺金属股份有限公司（以下简称"公司"）与广州农村商业银行股份 有限公司番禺支行签署《最高额保证合同》，为全资子公司佛山市顺德区精艺万 希铜业有限公司的授信业务提供连带责任保证，担保金额为人民币 1,365 万元， 承担保证责任的保证期间为三年。 二、股东大会审议情况 公司 2024 年度股东大会审议通过《关于 2025 年度担保额度预计的公告》， 同意公司及控股子公司为其下属控股公司新增不超过 133,625 ...

Core Viewpoint - The company Jingyi Co., Ltd. has experienced significant revenue growth in the first half of 2025, with a year-on-year increase of 38.80% to 2.381 billion yuan, but its net profit has plummeted by 42.95% to 10.85 million yuan, indicating a "revenue without profit" situation that highlights its struggles in the copper processing sector amid intense competition and cost pressures [1][2]. Financial Performance - The company's revenue from 2021 H1 to 2025 H1 has shown volatility, with figures of 3.373 billion yuan, 2.622 billion yuan, 1.361 billion yuan, 1.715 billion yuan, and 2.381 billion yuan, reflecting year-on-year changes of 50.85%, -22.25%, -48.09%, 26.00%, and 38.80% respectively [2]. - The net profit attributable to the parent company has also declined for four consecutive periods, with values of 44 million yuan, 28 million yuan, 25 million yuan, 19 million yuan, and 11 million yuan, showing year-on-year changes of 289.77%, -35.86%, -13.27%, -22.33%, and -42.95% respectively [2]. Profitability Analysis - The company's profitability is notably low, with a gross margin of only 2.99% in the first half of 2025, down 0.47 percentage points year-on-year, and a net margin of just 0.46% [4][6]. - The core business of Jingyi Co., Ltd. is heavily focused on low-value-added copper pipe processing, which accounts for over 90% of its revenue, leading to a vicious cycle of "overcapacity—price wars—margin compression" [4][6]. Market Position and Challenges - The low technical barriers in copper pipe processing and insufficient product differentiation have resulted in strong bargaining power for customers, making it difficult for the company to escape the price pressures in the low-end market [6]. - The company lacks a portfolio of high-precision copper alloy and other high-end products, which further limits its ability to compete effectively [6]. Cash Flow Concerns - The company has reported negative net cash flow from operating activities for three consecutive years, with figures of -82 million yuan, -234 million yuan, and -203 million yuan for the first halves of 2023, 2024, and 2025 respectively [6].

Group 1 - The stock price of Jingyi Co., Ltd. closed at 10.78 yuan on August 26, 2025, down 1.82% from the previous trading day [1] - The company reported a revenue of 2.381 billion yuan for the first half of 2025, representing a year-on-year increase of 38.80% [1] - The net profit attributable to shareholders was 10.8591 million yuan, a decrease of 42.95% year-on-year [1] Group 2 - The company has a negative operating cash flow of -203 million yuan, although this shows improvement compared to the same period last year [1] - The largest shareholder, Nantong Sanjian Holding Co., Ltd., has pledged all of its shares, which account for 30% of the total share capital [1] - On August 26, there was a net outflow of 2.8932 million yuan in main funds, with a cumulative net outflow of 32.7538 million yuan over the past five days [1]

Core Insights - The company reported a main revenue of 2.381 billion yuan for the first half of 2025, representing a year-on-year increase of 38.8% [1] - The net profit attributable to shareholders was 10.8591 million yuan, showing a year-on-year decline of 42.95% [1] - The second quarter of 2025 saw a single-quarter main revenue of 1.302 billion yuan, up 31.62% year-on-year, but the net profit attributable to shareholders dropped by 73.42% to 3.1348 million yuan [1] Financial Performance - The company's main revenue for the first half of 2025 was 2.381 billion yuan, a 38.8% increase compared to the previous year [1] - The net profit attributable to shareholders for the first half was 10.8591 million yuan, down 42.95% year-on-year [1] - The second quarter's net profit attributable to shareholders was 3.1348 million yuan, a significant decrease of 73.42% year-on-year [1][4] - The company's non-recurring net profit for the first half was 8.4689 million yuan, down 37.72% year-on-year [1] - The second quarter's non-recurring net profit was 1.7802 million yuan, a decline of 77.6% year-on-year [1][4] Profitability Metrics - The company's gross profit margin was 2.99%, reflecting a year-on-year decrease of 13.62% [7] - The return on assets was 0.80%, down 43.66% year-on-year [7] - Earnings per share were 0.04 yuan, a decrease of 50% compared to the previous year [7] - The operating cash flow per share was -0.81 yuan, an increase of 13.24% year-on-year [7] Debt and Financial Health - The company's debt ratio stood at 45.48% [1] - Investment income was reported at -1.173 million yuan, indicating a loss [1] - Financial expenses amounted to 12.3853 million yuan [1]

Group 1 - The core point of the article is that Jingyi Co., Ltd. announced its board meeting and discussed the half-year report for 2025, highlighting its revenue composition and current market valuation [1][1][1] Group 2 - For the first half of 2025, Jingyi Co., Ltd. reported that 98.62% of its revenue came from the processing industry, 1.24% from other businesses, and 0.14% from new energy [1][1][1] - As of the report, the market capitalization of Jingyi Co., Ltd. is 2.8 billion yuan [1][1][1]