Market Overview - The Shanghai Composite Index closed at 3686.34 points, with a gain of 0.56% [1] - The total trading volume of A-shares reached 1,328.277 billion yuan [1] Stocks with Death Cross - A total of 52 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - *ST Gao Hong: 5-day MA at 2.09 yuan, 10-day MA at 2.13 yuan, difference of -1.93% [1] - Bu Ke Co.: 5-day MA at 94.86 yuan, 10-day MA at 95.89 yuan, difference of -1.08% [1] - Rong Tai Co.: 5-day MA at 32.17 yuan, 10-day MA at 32.47 yuan, difference of -0.92% [1] Additional Stock Performance - Other stocks showing a death cross include: - He Chuan Technology: 5-day MA at 47.55 yuan, 10-day MA at 47.92 yuan, difference of -0.78% [1] - Xin Xun Da: 5-day MA at 13.82 yuan, 10-day MA at 13.92 yuan, difference of -0.70% [1] - Stocks with minor changes in their moving averages include: - ST Xue Fa: 5-day MA at 3.87 yuan, 10-day MA at 3.89 yuan, difference of -0.51% [1] - Huang Ting International: 5-day MA at 2.92 yuan, 10-day MA at 2.94 yuan, difference of -0.44% [1]

Core Points - The article discusses the significant role of equity pledges as a financing tool for shareholders of listed companies in the A-share market, highlighting the current statistics and industry distribution of pledged shares [1][2][3] Group 1: Overall Market Statistics - As of August 1, there are 2,284 companies in the A-share market with pledged equity, accounting for 44.35% of the total number of A-share companies [1] - The total market value of pledged shares is 2.79 trillion yuan, representing 2.98% of the total A-share market value [1] - The total number of pledged shares is 3,050.10 billion shares, which is 3.97% of the total A-share capital [1] - Among the pledged shares, 92.54% are unrestricted shares, while 7.46% are restricted shares [1] Group 2: Sector Distribution - The sectors with the highest pledged market value are: - Pharmaceuticals and Biology: 333.50 billion yuan - Electronics: 223.95 billion yuan - Power Equipment: 197.91 billion yuan - Basic Chemicals: 185.95 billion yuan - Machinery: 139.36 billion yuan [2] - The sectors with the highest proportion of pledged market value relative to total sector market value are: - Comprehensive: 21.51% - Real Estate: 7.11% - Retail: 6.87% - Steel: 6.55% - Environmental Protection: 6.14% [2] Group 3: Individual Company Statistics - A total of 10 companies have pledged shares exceeding 50% of their total capital, with 107 companies pledging between 30% and 50%, and 230 companies pledging between 20% and 30% [2] - The company with the highest pledge ratio is Haide Shares, with 75.09% of its total capital pledged, followed by Guocheng Mining at 69.67% [2][3] - Other companies with high pledge ratios include ST Xuefa (68.50%), Shenhuafa A (64.09%), and Jinhui Shares (61.31%) [2][3] Group 4: Performance of High Pledge Ratio Stocks - Among stocks with a pledge ratio over 30%, the main board has 103 companies, while the ChiNext has 14 [3] - The industries with a concentration of high pledge ratio stocks include Pharmaceuticals and Biology, Textiles and Apparel, and Real Estate [3] - In terms of performance, stocks with high pledge ratios saw an average price decline of 1.68% in the week, while the Shanghai Composite Index fell by 0.94% [3]

证券之星消息，8月1日服装家纺板块较上一交易日上涨0.44%，ST雪发领涨。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。服装家纺板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002485 | ST雪发 | 3.94 | 4.51% | 5.62万 | 2186.32万 | | 603958 | 哈森股份 | 17.00 | 4.23% | 7.12万 | 1.20亿 | | 601718 | 际华集团 | 4.22 | 4.20% | 450.03万 | 19.30亿 | | 300901 | 中胤时尚 | 17.66 | 3.70% | 6.09万 | 1.05亿 | | 605003 | 众望布艺 | 21.60 | 3.65% | 3.43万 | 7291.46万 | | 002634 | 棒杰股份 | 4.34 | 2.84% | 18.73万 | 8058.37万 | | 300840 | 酷特智能 | 2 ...

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company forecasts a net loss attributable to shareholders for H1 2025, ranging from **20 million to 32 million CNY**, potentially widening from the prior year 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Same Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (million CNY) | Loss: 20 - 32 | Loss: 19.7796 | | Net Profit After Non-Recurring Items (million CNY) | Loss: 17 - 25 | Loss: 18.1089 | | Basic Earnings Per Share (CNY/share) | Loss: 0.0368 - 0.0588 | Loss: 0.0364 | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company's performance forecast has not been pre-audited by an accounting firm - The company's performance forecast is **unaudited** by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Despite projected net loss, core businesses remain stable, with supply chain expanding and cultural tourism improving profitability - During the reporting period, the company's main businesses maintained **stable development**[5](index=5&type=chunk) - Supply chain business continued to expand **new channels** and increase **customer reserves**[5](index=5&type=chunk) - Cultural tourism business achieved **year-over-year operating profit growth** through **cost reduction and efficiency improvement**[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) This performance forecast is a preliminary estimate, with final data subject to the semi-annual report disclosure on **August 30, 2025** - This performance forecast is a preliminary estimate by the company's finance department, **unaudited**, with final data subject to the 2025 semi-annual report[6](index=6&type=chunk) - The scheduled disclosure date for the company's 2025 semi-annual report is **August 30, 2025**[7](index=7&type=chunk)

证券代码：002485 证券简称：ST雪发 公告编号：2025-020 雪松发展股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 雪松发展股份有限公司（以下简称"公司"）股票（证券代码：002485，证 券简称：ST雪发）连续3个交易日（2025年6月10日、6月11日和6月12日）内日收 盘价格涨幅偏离值累计超过12%，根据《深圳证券交易所交易规则》的有关规定， 属于股票交易异常波动。 二、对重要问题的关注、核实情况说明 针对公司股票异常波动，公司对有关事项进行核实，现将核实结果说明如下： 1、截至本公告披露日，公司前期披露的信息不存在需要更正、补充之处。 3、近期公司经营情况正常，内部经营环境未发生重大变化。 公司虽与雪松实业集团有限公司（以下简称"雪松实业"）等关联方为同一 实际控制人控制下的企业，但公司与雪松实业等关联方在业务、人员、资产、机 构、财务等方面完全分开，保持独立。因此，雪松实业等关联方的事项不会对公 司正常经营与公司治理产生重大不利影响。 4、截至本公告披露日，公司、公司控 ...

Core Viewpoint - ST Xuefa (002485.SZ) announced that its stock price has deviated significantly, with a cumulative increase of over 12% in closing prices over three consecutive trading days, indicating abnormal trading fluctuations [1] Group 1 - The company asserts that despite being under the same actual controller as Xuesong Industrial and other related parties, it operates independently in terms of business, personnel, assets, institutions, and finance [1] - The company emphasizes that the matters related to Xuesong Industrial and other related parties will not have a significant adverse impact on its normal operations and corporate governance [1]

Core Viewpoint - ST Xuefa has experienced a significant surge in stock price, achieving five consecutive daily limit-ups, with a total increase of 27.86% during this period [2] Stock Performance - As of 9:27 AM, the stock price reached 4.13 yuan, with a turnover rate of 0.45% and a trading volume of 2.4227 million shares, amounting to a total transaction value of 10.0058 million yuan [2] - The stock's total market capitalization is now 2.247 billion yuan [2] Trading Data - The stock has been listed on the Dragon and Tiger List due to a cumulative closing price increase deviation of 12% over three consecutive trading days [2] - Institutional investors net bought 884,600 yuan, while other trading desks collectively net sold 2.7641 million yuan [2] Financial Performance - The company reported a total operating revenue of 217 million yuan for Q1, reflecting a year-on-year growth of 29.93% [2] - The net profit for the same period was -8.6025 million yuan, indicating a year-on-year decline of 33.17% [2] Recent Trading Trends - The stock's daily performance over the past week shows fluctuations in trading volume and net capital inflow, with notable changes in daily percentage increases and decreases [2]

Group 1 - ST Xuefa has experienced a trading halt with three consecutive limit-up days, reaching a price of 3.74 yuan as of 9:29 AM, with a turnover rate of 0.07% and a trading volume of 357,500 shares, amounting to 1.3371 million yuan in transaction value, and a limit-up order amount of 47.2927 million yuan [2] - During the consecutive limit-up period, the stock has increased by a total of 15.79%, with a cumulative turnover rate of 1.98% [2] - The latest total market capitalization of A-shares has reached 2.035 billion yuan [2] Group 2 - According to the Dragon and Tiger List, the stock has been listed due to a cumulative closing price increase deviation of 12% over three trading days, with institutional net purchases amounting to 884,600 yuan and total net sales from brokerage seats reaching 2.7641 million yuan [2] - As of May 31, the number of shareholders has increased to 6,067, reflecting a 0.65% increase compared to the previous period [2] - The company's Q1 report released on April 29 shows total operating revenue of 217 million yuan, a year-on-year increase of 29.93%, while net profit was -8.6025 million yuan, a year-on-year decrease of 33.17% [2]

证券代码：002485 证券简称：ST雪发 公告编号：2025-019 针对公司股票异常波动，公司对有关事项进行核实，现将核实结果说明如下： 1、截至本公告披露日，公司前期披露的信息不存在需要更正、补充之处。 2、目前，未发现近期公共传媒报道可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 雪松发展股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 雪松发展股份有限公司（以下简称"公司"）股票（证券代码：002485，证 券简称：ST雪发）连续3个交易日（2025年6月5日、6月6日和6月9日）内日收盘 价格涨幅偏离值累计超过12%，根据《深圳证券交易所交易规则》的有关规定， 属于股票交易异常波动。 二、对重要问题的关注、核实情况说明 公司董事会确认，公司目前没有其他任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、 协议等；董事会也未获悉公司有其他根据《深圳证券交易所股票上市规则》等有 关规定应予以披露而未披露的、对公司股票及 ...

Core Viewpoint - The legal opinion letter from Tahota Law Firm confirms the legality of the convening, holding, and voting procedures of the 2024 Annual General Meeting of Shareholders for Xuesong Development Co., Ltd. [1][4][12] Group 1: Meeting Procedures - The Annual General Meeting was convened by the company's board of directors, with a notice published on a designated website detailing the meeting's logistics, including the time, location, and voting procedures [2][3][4] - The meeting was held on May 27, 2025, at 14:00 in Huangpu District, Guangzhou, and was presided over by Chairman Su Qi [3][4] Group 2: Attendance and Voting - A total of 34 shareholders and their proxies attended the meeting, representing 382,798,988 shares with voting rights, which is 70.3675% of the total shares [4][5] - The voting process included both on-site and online voting, with specific time slots for each method [3][4] Group 3: Voting Results - The voting results showed that 382,649,388 shares voted in favor of the proposals, accounting for 99.9990% of the votes cast [6][10] - Among minority investors, 9,987,372 shares voted in favor, representing 98.5242% of the minority shareholders' valid voting rights [6][10][12] Group 4: Legal Compliance - The legal opinion asserts that all procedures and results of the Annual General Meeting comply with the Company Law, Securities Law, and the company's articles of association [4][12] - The qualifications of attendees and the convenor of the meeting were confirmed to be valid and in accordance with legal requirements [5][12]