Core Viewpoint - The news highlights the initiation of investor compensation claims against Luqiao Information due to false statements and financial reporting violations, as well as ongoing claims against Xilong Science with previous successful judgments and settlements [1][2]. Group 1: Luqiao Information - Luqiao Information received a notice from the China Securities Regulatory Commission (CSRC) on October 14, 2025, regarding an investigation into financial information disclosure violations [1]. - The company acknowledged significant internal control deficiencies related to financial statements for the years 2023 and 2024, leading to inaccurate financial reporting [1]. - Investors who purchased Luqiao Information shares between April 23, 2024, and September 30, 2025, may initiate compensation claims [1]. Group 2: Xilong Science - Xilong Science is currently facing 204 investor lawsuits related to securities false statements, with a total claim amount of RMB 23.15 million [2]. - The company has been found to have inflated revenue and profits in its financial reports for the years 2020, 2021, and the first half of 2022, with significant percentages of total revenue and profit affected [2]. - Investors who bought Xilong Science shares between April 29, 2021, and April 29, 2023, are eligible to file compensation claims based on previous successful judgments [3].

Core Insights - Silver nitrate is an essential fine chemical product containing silver, crucial for various industries, particularly the photovoltaic sector, leading to increased demand and investment in the market [1][5]. Industry Overview - Silver nitrate is produced from silver blocks or silver-copper alloys reacting with nitric acid, characterized as a strong oxidizer and toxic [2]. - The current standards for silver nitrate in China include national and industry standards, covering industrial and chemical reagent applications [3]. Market Demand and Supply - The demand for silver nitrate in China has grown significantly, from 3,000 tons in 2019 to over 10,000 tons in 2023, with projections of 11,800 tons in 2024 and 14,000 tons in 2025 [3][5]. - Despite the increasing demand, the production capacity is expanding at a faster rate, leading to concerns about oversupply, with capacities expected to reach 23,000 tons in 2024 and 33,400 tons in 2025 [5]. Price Trends - The average price of silver nitrate in China is projected to rise to 4,000 yuan per kilogram in 2024, with a compound annual growth rate of 6.6% from 2020 to 2024, and expected to reach 4,300 yuan per kilogram in 2025 [7]. Industry Chain - The silver nitrate industry chain includes upstream components like metallic silver and nitric acid, with downstream applications in electronics, pharmaceuticals, and photography [9]. - The electronics sector is the largest consumer of silver nitrate, particularly in photovoltaic cells and semiconductor packaging [9]. Competitive Landscape - Key players in the silver nitrate industry include Lanzhou Jinchuan Technology Park, Yunnan Precious Metals New Materials Holding Group, and Hunan Silver Co., Ltd., among others [11]. - West Long Science Co., Ltd. specializes in high-purity silver nitrate for photovoltaic applications, contributing significantly to its revenue [12]. - Hunan Silver Co., Ltd. focuses on high-purity silver and silver deep-processing products, with a target to produce 1,000 tons of silver (including silver nitrate) in 2025 [14]. Future Trends - The future of the silver nitrate industry in China is expected to focus on safety, environmental sustainability, and high-value innovation driven by market demands and regulatory pressures [15].

Group 1 - The company has approved a total guarantee amount of up to RMB 37.5 billion for financing credit applications by itself and its subsidiaries for the year 2025 [2] - The company will provide guarantees totaling up to RMB 20.85 billion for its subsidiaries, with specific limits based on their asset-liability ratios [2] - The guarantee period is effective from the approval date of the 2024 annual general meeting until the 2025 annual general meeting [3] Group 2 - The company has signed a maximum guarantee contract with China Bank for a subsidiary, Yunnan Yinghe New Energy Materials Co., Ltd., with a maximum principal guarantee amount of RMB 10 million [4] - The guarantee covers the principal and related costs, including interest and legal fees, with a guarantee period of three years from the debt maturity date [6] - As of the announcement date, the company and its subsidiaries have a total external guarantee amount of zero, with specific guarantees to subsidiaries amounting to RMB 900.60 million [6]

证券代码：002584 证券简称：西陇科学 公告编号：2025-051 西陇科学股份有限公司（以下简称"西陇科学"或"公司"）第六届董事会第八 次会议审议通过了《关于公司及子公司对 2025 年度融资授信提供担保的议案》。 2025 年度，根据公司及子（孙）公司的生产经营和资金需求情况，公司及子（孙） 公司为合并报表范围内公司向金融机构申请融资授信提供担保，担保额度总计不 超过人民币 37.5 亿元。具体如下： 公司为纳入合并报表范围的子（孙）公司向金融机构申请融资授信提供担保， 总额不超过人民币20.85亿元，其中对最近一期资产负债率小于等于70%的子（孙） 公司担保额度不超过人民币 16.35 亿元，对最近一期资产负债率超 70%的子（孙） 公司担保额度不超过人民币 4.5 亿元；子（孙）公司为合并范围内其他子（孙） 公司向金融机构申请融资授信提供担保，总额不超过人民币 0.55 亿元，其中对最 近一期资产负债率小于等于 70%的子（孙）公司担保额度不超过人民币 0.25 亿元， 对最近一期资产负债率超 70%的子（孙）公司总担保额度不超过人民币 0.3 亿元； 子（孙）公司为公司向金融机构申请融资授信提 ...

Market Overview - The electronic chemicals sector increased by 3.17% on October 13, with Huate Gas leading the gains [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Huate Gas (688268) closed at 77.18, up 12.52% with a trading volume of 111,800 shares and a transaction value of 822 million [1] - Nanda Optoelectronics (300346) closed at 45.73, up 9.66% with a trading volume of 1,129,500 shares and a transaction value of 4.978 billion [1] - Jingrui Electric Materials (300655) closed at 16.49, up 8.13% with a trading volume of 1,487,100 shares and a transaction value of 2.366 billion [1] - Other notable performers include Qiangli New Materials (300429) up 7.54% and Dinglong Co. (300054) up 5.53% [1] Capital Flow - The electronic chemicals sector saw a net inflow of 241 million from institutional investors, while retail investors experienced a net outflow of 113 million [2][3] - Major stocks like Jingrui Electric Materials and Qiangli New Materials attracted significant institutional investment, with net inflows of 103 million and 101 million respectively [3]

Core Viewpoint - Xilong Science has experienced a decline in stock price recently, with significant net outflow of funds, despite a year-to-date increase in stock price [1][2]. Group 1: Stock Performance - As of September 30, Xilong Science's stock price was 8.92 CNY per share, down 2.09% during the trading session [1]. - The stock has increased by 24.06% year-to-date, but has seen a decline of 4.80% in the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on September 24, where it recorded a net buy of 3.62 million CNY [1]. Group 2: Financial Performance - For the first half of 2025, Xilong Science reported revenue of 3.368 billion CNY, a year-on-year decrease of 14.78% [2]. - The net profit attributable to shareholders was -75.32 million CNY, representing a year-on-year decrease of 276.35% [2]. Group 3: Business Overview - Xilong Science, established in 1994 and listed in 2011, primarily engages in the research, production, and sales of chemical reagents [2]. - The company's revenue composition includes specialized chemicals (62.60%), chemical raw materials (15.12%), electronic chemicals (9.66%), general reagents (7.71%), lithium battery cathode materials (4.00%), and others [2]. - The company is categorized under the electronic chemicals industry and is involved in various concept sectors such as photoresists and electronic chemicals [2]. Group 4: Shareholder Information - As of June 30, the number of shareholders for Xilong Science was 87,100, an increase of 8.25% from the previous period [2]. - The average circulating shares per shareholder were 5,375, a slight increase of 0.06% [2]. Group 5: Dividend Information - Xilong Science has distributed a total of 217 million CNY in dividends since its A-share listing, with 31.02 million CNY distributed over the past three years [3].

Group 1 - Tianjin Xilong Science Co., Ltd. has recently been established, with a business scope that includes the sale of labor protection products, research and development of household appliances, sale of rubber products, and sale of rare earth functional materials [1] - The company is jointly held by Xilong Science and other stakeholders, indicating a collaborative ownership structure [1]

西陇科学股份有限公司（以下简称"公司"）收到实际控制人之一黄少群先生 通知，获悉其所持有的本公司部分股份办理了质押手续，具体事项如下： 二、股东股份累计质押情况 一、股份质押情况 股东名 称 是否为控 股股东及 其一致行 动人 本次质押数 量（股） 占其所 持股份 比例 占公 司总 股本 比例 是否 为限 售股 是否 为补 充质 押 质押 起始 日 质押到 期日 质权人 质押 用途 黄少群 是 7,240,000 12.81% 1.24% 是（高 管锁 定股） 否 2025 年 9 月 26 日 办理解 除质押 登记手 续为止 科学城 （广州） 绿色融资 担保有限 公司 个人 资金 需求 证券代码：002584 证券简称：西陇科学 公告编号：2025-049 西陇科学股份有限公司 实际控制人部分股份质押公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 三、其他说明 本次质押系股东个人资金需求的安排。截至本公告披露日，黄少群先生及其 一致行动人具备履约能力。本次质押事项不会对公司生产经营及公司治理造成不 利影响。公司将持续关注股东质押进展，并按规定及时做好相 ...

证券代码：002584 证券简称：西陇科学 公告编号：2025-050 西陇科学股份有限公司 关于母公司为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 本次担保额度有效期自公司 2024 年度股东大会批准之日起至 2025 年度股东 大会召开之日止，有效期内担保额度可循环使用。 公告内容详见公司 2025 年 4 月 26 日于指定信息披露媒体披露的《西陇科学： 关于公司及子公司对 2025 年度融资授信提供担保的公告》（公告编号：2025-016）， 本议案已经由公司 2024 年度股东大会审议通过。 二、 担保进展情况 公司与九江银行股份有限公司广州分行签订《最高额保证合同》，为子公司 佛山西陇化工有限公司在九江银行股份有限公司广州分行办理的《流动资金借款 1 一、 担保情况概述 西陇科学股份有限公司（以下简称"西陇科学"或"公司"）第六届董事会第八 次会议审议通过了《关于公司及子公司对 2025 年度融资授信提供担保的议案》。 2025 年度，根据公司及子（孙）公司的生产经营和资金需求情况，公司及子（孙） 公司为合并报表范围内 ...

Company Overview - Xilong Scientific Co., Ltd. is located in Huangpu District, Guangzhou, Guangdong Province, and was established on July 19, 1994. The company was listed on June 2, 2011. Its main business involves the research, production, and sales of chemical reagents, as well as some chemical raw materials, active pharmaceutical ingredients, and food additives [2] - The revenue composition of Xilong Scientific includes: specialized chemicals 62.60%, chemical raw materials 15.12%, electronic chemicals 9.66%, general reagents 7.71%, lithium battery cathode materials 4.00%, active pharmaceutical ingredients and food additives 0.86%, and others 0.04% [2] - As of June 30, the number of shareholders of Xilong Scientific was 87,100, an increase of 8.25% from the previous period, with an average of 5,375 circulating shares per person, an increase of 0.06% [2] Financial Performance - For the first half of 2025, Xilong Scientific achieved operating revenue of 3.368 billion yuan, a year-on-year decrease of 14.78%. The net profit attributable to the parent company was -75.3173 million yuan, a year-on-year decrease of 276.35% [2] - Since its A-share listing, Xilong Scientific has cumulatively distributed cash dividends of 217 million yuan, with a total of 31.0165 million yuan distributed in the past three years [3] Stock Performance - On September 29, Xilong Scientific's stock price fell by 2.04%, closing at 9.12 yuan per share, with a trading volume of 274 million yuan and a turnover rate of 6.33%. The total market capitalization was 5.337 billion yuan [1] - Year-to-date, Xilong Scientific's stock price has increased by 26.84%, with a decline of 3.49% over the last five trading days, a rise of 4.23% over the last 20 days, and a decline of 4.40% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on September 24, where the net buying on that day was 3.6192 million yuan, accounting for 9.07% of the total trading volume [1]