Group 1 - The ongoing investor compensation case against Xin Ya Zhi Cheng (002388) due to false statements is progressing, with a specific claim entering the countdown for the statute of limitations, prompting investors to take note [1] - Xin Ya Zhi Cheng has received two administrative penalty decisions from the China Securities Regulatory Commission (CSRC), and investors who bought shares between January 1, 2019, and December 27, 2022, or between April 28, 2023, and January 11, 2024, may still initiate claims [1] - The compensation case for Shou Kai Co., Ltd. (600376) has also been filed in court, with the legal team continuing to accept claims from other investors [1] Group 2 - On December 1, 2023, Shou Kai Co., Ltd. announced it received an administrative penalty decision from the CSRC, revealing that the company overestimated the net realizable value of inventory in 2021, resulting in an under-provision of inventory impairment losses by 405 million yuan [2] - Following the announcement on April 29, 2023, Shou Kai Co., Ltd. corrected the previous errors by restating and increasing the inventory impairment provision by 405 million yuan [2] - Investors who purchased Shou Kai Co., Ltd. shares between April 16, 2022, and April 29, 2023, and sold or held shares after April 29, 2023, are eligible to initiate claims, with the case entering the final six-month countdown [2]

Core Viewpoint - The announcement details the ongoing litigation involving Xinya Process (Zhejiang) Co., Ltd. and its subsidiary, highlighting the company's legal disputes related to a share transfer agreement and the potential financial implications of these lawsuits [1][3][10]. Group 1: Litigation Details - Case One: The Guangdong Zhuhai Intermediate People's Court has accepted the case, with a total amount involved of RMB 50,308.70 million, and the court has yet to hold a hearing [2][5]. - Case Two: The plaintiff has applied to withdraw the lawsuit, and the Zhejiang Quzhou Intermediate People's Court has issued a civil ruling regarding this withdrawal [2][3]. - The company and its subsidiary are plaintiffs in both cases, with the disputes arising from a share transfer agreement with Ningbo Yongchuan Investment Co., Ltd. [3][5]. Group 2: Financial Impact - The company has withdrawn its lawsuit and received a civil ruling from the Quzhou Intermediate People's Court, while also filing a new contract cancellation lawsuit with the Zhuhai Intermediate People's Court regarding the share transfer dispute [3][9]. - The total amount involved in the new litigation exceeds 10% of the company's audited net assets attributable to shareholders for 2024, indicating a significant potential impact on the company's financials [10]. Group 3: Summary of Legal Actions - The company has cumulatively reported litigation and arbitration cases amounting to RMB 1,386.59 million, which represents 1.431% of the company's audited net assets for 2024 [10]. - Among these, the ongoing cases where the company and its subsidiaries are plaintiffs total RMB 1,170.34 million, with no undisclosed litigation exceeding the threshold of 10% of the company's net assets [10].

证券代码：002388 证券简称：ST 新亚 公告编号：2025-057 新亚制程（浙江）股份有限公司 关于新增诉讼事项暨累计诉讼、仲裁情况的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1、所处的诉讼阶段 案件一：广东省珠海市中级人民法院（以下简称"珠海中院"）已立案受 理，尚未开庭审理，涉案金额暂合计为人民币 50,308.70 万元。 案件二：原告申请撤回起诉并收到浙江省衢州市中级人民法院（以下简称 "衢州中院"）送达的《民事裁定书》。 2、上市公司所处的当事人地位 敬请广大投资者谨慎决策，注意投资风险。 一、案件一基本情况 （一）受理机构 广东省珠海市中级人民法院 （二）案号 (2025)粤 04 民初 278 号 （三）诉讼当事人 原告：新亚制程（浙江）股份有限公司、浙江新亚中宁新能源有限公司 新亚制程（浙江）股份有限公司（以下简称"新亚制程"或"公司"）及 公司全资子公司浙江新亚中宁新能源有限公司（以下简称"新亚中宁"）在案 件一及案件二中均为原告。 3、对上市公司损益产生的影响：公司及新亚中宁撤回起诉并收到衢州中院 送达的《民事 ...

Group 1 - ST Xin Ya (SZ 002388) announced that as of the date of the announcement, the controlling shareholder and its concerted parties have pledged a total of 55.6 million shares, accounting for 99.24% of their total shareholding [1] - For the first half of 2025, ST Xin Ya's revenue composition is as follows: sales and services of electronic information products account for 70.74%, chemical materials manufacturing accounts for 26.97%, bulk commodity trading accounts for 2.19%, and property leasing accounts for 0.11% [1] - As of the time of reporting, ST Xin Ya has a market capitalization of 2.7 billion yuan [1]

证券代码：002388 证券简称：ST 新亚 公告编号：2025-056 新亚制程（浙江）股份有限公司 关于控股股东及其一致行动人部分股份解除质押及质押的公告 公司控股股东衢州保信央地科技发展合伙企业（有限合伙）及其一致行动 人上海欧挞科技有限公司及上海华隋实业有限公司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真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 特别提示： 截至本公告落款日，新亚制程（浙江）股份有限公司（以下简称"公司"） 控股股东及其一致行动人合计质押公司股份数量为 55,600,000 股，占其所持公 司股份总数的 99.24%,请投资者注意相关风险。 公司于近日收到公司控股股东衢州保信央地科技发展合伙企业（有限合伙） （以下简称"保信央地"）及其一致行动人上海欧挞科技有限公司（以下简称"上 海欧挞"）及上海华隋实业有限公司（以下简称"上海华隋"）的通知，获悉保信 央地及其一致行动人所持有的公司部分股份办理了解除质押及质押手续。现将有 关情况说明如下： 一、股份解除质押及质押的具体情况 | 股东名 称 | ...

Core Viewpoint - The company has submitted withdrawal applications for two ongoing lawsuits, indicating a resolution of legal disputes without significant impact on its financial performance [1][2]. Group 1: Lawsuit Overview - Case One involves the company's subsidiary, New Asia Shanshan New Materials Technology, suing five former directors for failing to fulfill responsibilities, leading to company losses [1]. - Case Two involves Ningbo Yongchuan Investment Company suing New Asia Shanshan for making large payments without board approval, with the case currently under trial [2]. Group 2: Legal Progress - In Case One, New Asia Shanshan has submitted a withdrawal application to the court, which has been approved, allowing the withdrawal of the lawsuit against the five former directors [2]. - In Case Two, Ningbo Yongchuan has also submitted a withdrawal application for all claims against seven related personnel of New Asia Shanshan [2]. Group 3: Financial Impact - The ongoing lawsuits are reported to have no significant impact on the company's current or future profits [2].

Core Viewpoint - ST New Asia (002388) has disclosed updates on two ongoing lawsuits, indicating a shift in legal proceedings that may impact the company's operations and governance [1] Summary by Relevant Sections Lawsuit Details - Case One: ST New Asia's subsidiary, Xinya Shanshan New Materials Technology (Quzhou) Co., Ltd., filed a lawsuit against five former directors or managers for failing to fulfill responsibilities under the "Project Design Management" system, resulting in company losses. The case was accepted by the Quzhou Intelligent Manufacturing New City People's Court on August 21, 2024, and has not yet gone to trial. Recently, Xinya Shanshan submitted a request to withdraw the lawsuit, which the court approved [1] - Case Two: Ningbo Yongchuan Investment Co., Ltd. filed a lawsuit against Xinya Shanshan for making large payments to its wholly-owned subsidiary, Zhejiang Xinya Zhongning New Energy Co., Ltd., and the company's Shanghai branch without board approval. This case is currently under first-instance trial at the Quzhou Intermediate People's Court. Ningbo Yongchuan has also submitted a request to withdraw all claims against seven related personnel [1] Financial Impact - The announcement indicates that the withdrawal of these two lawsuits will not have a significant impact on the company's current or future financial performance [1]

证券代码：002388 证券简称：ST 新亚 公告编号：2025-055 新亚制程（浙江）股份有限公司 关于诉讼进展的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1、案件所处的诉讼阶段：案件一原告已撤诉；案件二原告对部分被告（被 告四至被告十）向浙江省衢州市中级人民法院（以下简称"衢州中院"）递交 了《撤诉申请书》。 2、上市公司所处的当事人地位： 案件一：新亚制程（浙江）股份有限公司（以下简称"新亚制程"或"公 司"）控股子公司新亚杉杉新材料科技（衢州）有限公司（以下简称"新亚杉 杉"）为原告。 案件二：公司全资子公司浙江新亚中宁新能源有限公司为被告一，公司上 海分公司为被告二，公司为被告三，新亚杉杉七名相关人员为被告四至被告十， 新亚杉杉为第三人。 案件二：公司于 2025 年 6 月 17 日披露了《关于新增诉讼事项暨累计诉讼、 仲裁情况的公告》（公告编号：2025-042），宁波甬湶投资有限公司（以下简称 "宁波甬湶"）作为原告，对新亚杉杉在未经过其董事会表决通过的情况下，向 新亚中宁、公司、公司上海分公司支付大额款项，向新亚中宁、 ...

Core Insights - ST Xin Ya reported a significant decline in net profit, down 34.67% year-on-year, with total revenue also decreasing by 12.36% to 880 million yuan [1] - The company's financial metrics indicate a weak business model, with a historical median ROIC of only 2.14% and a particularly poor ROIC of -12.8% in 2024 [3] Financial Performance - Total revenue for the first half of 2025 was 880 million yuan, down from 1.004 billion yuan in 2024, representing a decrease of 12.36% [1] - The net profit attributable to shareholders was 6.5457 million yuan, a decline of 34.67% compared to 10.0192 million yuan in the previous year [1] - The second quarter of 2025 saw total revenue of 498 million yuan, down 8.29% year-on-year, while the net profit for the quarter was -6.8661 million yuan, a drastic decline of 220.49% [1] Profitability Metrics - Gross margin improved to 12.92%, an increase of 7.39% year-on-year, while net margin fell to -1.02%, a decrease of 644% [1] - The ratio of selling, administrative, and financial expenses to revenue increased to 13.86%, up 21.86% from the previous year [1] Cash Flow and Debt Analysis - Cash and cash equivalents decreased by 51.92% to 108 million yuan, raising concerns about liquidity [1] - The company has a debt-to-asset ratio of 23.38%, indicating a significant level of indebtedness relative to its assets [3] - Historical cash flow metrics show that the average operating cash flow over the past three years has been negative, highlighting ongoing cash flow challenges [3]

Core Insights - ST New Asia reported a revenue of 880 million yuan for the first half of 2025, with a net profit attributable to shareholders of 6.55 million yuan, showing an increase in revenue in Q2 compared to Q1 [1] - The electronic information product sales service generated 622 million yuan, accounting for 70.74% of total revenue, with improved gross margins despite a slight year-on-year revenue adjustment [1] - The company is focusing on high-end manufacturing and expanding into electronic equipment and new materials, aiming to become a leading provider of new materials and product solutions [2] Business Performance - The adhesive business achieved a revenue of 131 million yuan in the first half of 2025, with a gross margin of 47.42%, indicating strong internal profitability [3] - The company is leveraging its R&D capabilities and industry experience to enhance its competitive advantage in the adhesive market, which is expanding due to demand upgrades and technological iterations [3] Innovation and Technology - The company is driving product performance improvements through technological innovation, with a dedicated R&D team and multiple core patents applied to its products [4] - ST New Asia has received various certifications, including "National High-tech Enterprise," and is recognized for its innovative products in the field of electrolytes and adhesives [4] - The company is enhancing its brand influence by deepening customer cooperation and optimizing its product structure, aiming for sustained growth in core products and services [4]