证券代码：002717 证券简称：ST 岭南 公告编号：2025-095 2、上市公司所处的当事人地位：被告 岭南生态文旅股份有限公司 关于重大诉讼的进展公告 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。 重要内容提示： 1、案件所处的阶段：民事一审判决 3、涉案的金额：30,788.01万元（利息暂计至2025年4月28日，含案件受理费） 4、对上市公司损益产生的影响：本次为民事一审判决，判决尚未生效，后续案件 的执行结果尚存在不确定性。公司将依据有关会计准则的要求和案件实际进展情况进 行相应的会计处理。 一、本次诉讼案件的基本情况 中国农业银行股份有限公司东莞东城支行（以下简称 "原告"）因借款合同纠纷 向广东省东莞市中级人民法院提起诉讼，被申请人分别为岭南生态文旅股份有限公司 （被告一）、尹洪卫（被告二）、岭南水务集团有限公司（被告三）、岭南设计集团 有限公司（被告四）、岭南市政建设工程有限责任公司（被告五）、上海恒润数字科 技集团股份有限公司（被告六）、德马吉国际展览有限公司（被告七）、岭南(中山) 供应链管理有限公司（被告八）、岭南园林建设集团有限 ...

Market Overview - On September 2, the infrastructure sector declined by 0.47% compared to the previous trading day, with Garden Holdings leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Individual Stock Performance - The top gainers in the infrastructure sector included: - China Communications Construction Co., Ltd. (交建股份) with a closing price of 11.02, up 9.98% on a trading volume of 411,900 shares and a turnover of 438 million yuan [1] - Pubang Co., Ltd. (普邦股份) with a closing price of 2.00, up 3.09% on a trading volume of 1,114,200 shares and a turnover of 224 million yuan [1] - The top decliners included: - Garden Holdings (园林股份) with a closing price of 16.72, down 6.85% on a trading volume of 199,400 shares and a turnover of 338 million yuan [2] - Pudong Construction (浦东建设) with a closing price of 8.64, down 6.49% on a trading volume of 751,400 shares and a turnover of 647 million yuan [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 797 million yuan from institutional investors, while retail investors saw a net inflow of 519 million yuan [2] - Notable capital flows for specific stocks included: - Hongrun Construction (宏润建设) with a net inflow of 77.82 million yuan from institutional investors, but a net outflow of 97.77 million yuan from retail investors [3] - China Communications Construction Co., Ltd. (交建股份) had a net inflow of 57.48 million yuan from institutional investors, with both retail and speculative investors showing net outflows [3]

证券代码：002717 证券简称：ST 岭南 公告编号：2025-094 岭南生态文旅股份有限公司 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。 岭南生态文旅股份有限公司（以下简称"公司"）于 2025 年 8 月 1 日披露了《关 于股东部分股份将被司法拍卖的公告》（公告编号：2025-087），公司持股 5%以上 股东尹洪卫先生所持公司无限售条件流通股合计 20,000,000 股股份（占公司总股本 的 1.10%），被广东省东莞市中级人民法院于 2025 年 8 月 28 日 14:00 时至 2025 年 8 月 29 日 14:00 时在京东网络司法拍卖平台上进行司法拍卖。本次拍卖已按期进行， 现将本次司法拍卖结果公告如下： 一、本次司法拍卖的进展情况 根据京东网络司法拍卖平台公布的《成交确认书》，具体情况如下： 占公司总股 序号 竞买人 竞买号码 标的股数（股） 成交价（元） 本比例 标的物最终成交以广东省东莞市中级人民法院出具拍卖成交裁定为准。 二、 股东股份累计被拍卖情况 截至本公告披露日，公司股东尹洪卫先生除本次所持的 20,000,000 ...

关于股东部分股份被司法拍卖的进展公告 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。 证券代码：002717 证券简称：ST 岭南 公告编号：2025-094 岭南生态文旅股份有限公司 注："合计占其所持股份比例"以股东目前持股数量为基数计算。 三、股东权益变动可能触及 1%及 5%整数倍的相关说明及风险提示 1、截至 2025 年 8 月 29 日，尹洪卫先生持有公司股份 267,791,617 股，占公 司总股本的 14.71%。如本次司法拍卖最终完成过户，尹洪卫先生持有的公司股份 将减少至 247,791,617 股，占公司总股本的 13.61%，权益变动触及 1%的整数倍。 尹洪卫先生不属于公司的控股股东及其一致行动人，公司股东尹洪卫先生本次持 有的公司股份被司法拍卖不会导致公司控制权发生变更，亦不会对公司经营产生 不利影响。 岭南生态文旅股份有限公司（以下简称"公司"）于 2025 年 8 月 1 日披露了《关 于股东部分股份将被司法拍卖的公告》（公告编号：2025-087），公司持股 5%以上 股东尹洪卫先生所持公司无限售条件流通股合计 20,00 ...

Core Viewpoint - ST Lingnan (002717) reported a significant decline in revenue and a negative net profit for the first half of 2025, indicating ongoing financial struggles and increased operational costs [1] Financial Performance Summary - Total revenue for the first half of 2025 was 179 million yuan, a decrease of 70.79% compared to 612 million yuan in the same period of 2024 [1] - The net profit attributable to shareholders was -128 million yuan, an improvement of 50.02% from -257 million yuan in the previous year [1] - In Q2 2025, total revenue was 111 million yuan, down 63.78% year-on-year, while the net profit attributable to shareholders was -61.88 million yuan, up 62.84% from the previous year [1] Cost and Expense Analysis - The proportion of three major expenses (financial, sales, and management) significantly increased, totaling 195 million yuan, which accounted for 109.3% of total revenue, a year-on-year increase of 167.6% [1] - The gross margin was -10.69%, a decrease of 347.18% compared to the previous year's gross margin of 4.32% [1] - The net margin was -73.57%, down 72.75% from -42.59% in the previous year [1] Asset and Cash Flow Metrics - The company's cash and cash equivalents decreased to 141 million yuan, a decline of 40.32% from 237 million yuan [1] - Accounts receivable decreased to 2.073 billion yuan, down 19.53% from 2.576 billion yuan [1] - Interest-bearing liabilities decreased to 3.629 billion yuan, a reduction of 21.08% from 4.598 billion yuan [1] - The net asset value per share was 0.51 yuan, down 50.83% from 1.05 yuan [1] - Operating cash flow per share was 0.05 yuan, an increase of 194.7% from -0.06 yuan [1] Historical Performance Insights - The company's historical financial performance has been generally poor, with a median ROIC of 3.98% over the past decade and a particularly low ROIC of -15.76% in 2022 [1] - The company has reported losses in four out of ten years since its listing, indicating a weak investment profile [1] Cash Flow and Debt Concerns - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at only 2.17% and a negative average operating cash flow to current liabilities ratio of -3.82% over the past three years [2] - The interest-bearing debt ratio has reached 26.14%, with negative average operating cash flow over the past three years [2] - Financial expenses have been a consistent issue, with negative net cash flow from operating activities over the past three years [2]

Group 1 - ST Lingnan (SZ 002717) announced the convening of its 35th meeting of the 5th Board of Directors on August 28, 2025, to review the semi-annual report and its summary for 2025 [1] - For the first half of 2025, ST Lingnan's revenue composition was as follows: Ecological landscaping accounted for 43.99%, water and environmental governance business accounted for 41.94%, and cultural tourism accounted for 14.07% [1]

Core Viewpoint - The company, Lingnan Ecological Culture and Tourism Co., Ltd., is facing significant financial difficulties, including the inability to repay its convertible bonds on time, which may lead to further legal and operational challenges [2][4][6]. Financial Performance - In 2024, the company's operating revenue was 861.84 million yuan, a decline of 59.55% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was -984.33 million yuan, indicating a reduction in loss compared to the previous year [3]. - For the first half of 2025, the company reported a net profit of -128.27 million yuan, a 50.02% improvement from the same period in 2024 [3][8]. Debt and Credit Rating - The credit rating for the "Lingnan Convertible Bond" has been downgraded to C, indicating a high risk of default [2]. - The company is experiencing liquidity pressure due to overdue debts, which may lead to lawsuits and further financial strain [2][4]. Risk Factors - The company faces ongoing operational risks due to delays in project bidding and construction, resulting in poor cash flow and high asset-liability ratios [2][4]. - There is a risk of stock delisting if the share price remains below 1 yuan for 20 consecutive trading days [6]. - The company has 251 pending lawsuits with a total claim amount of 2.95 billion yuan, which may further impact its financial stability [7]. Management and Oversight - GF Securities has been appointed as the trustee for the convertible bonds and is monitoring the situation closely to protect the interests of bondholders [8]. - The company is required to establish a joint bank account for managing pledged assets related to the bonds, but this process is still incomplete [5][8].

证券代码：002717.SZ 证券简称：ST 岭南 债券代码：128044.SZ 转债简称：岭南转债 岭南生态文旅股份有限公司 向不特定对象发行可转换公司债券 2025 年度第二十八次临时受托管理事务报告 债券受托管理人 据公司《关于"岭南转债"不能按期兑付本息的公告》（公告编号：2024- 113）披露，公司现有货币资金无法偿付"岭南转债"，"岭南转债"无法按期 进行本息兑付。 据公司《关于公司主体及相关债券信用等级的公告》（公告编号：2024- 119），信用评级机构联合资信评估股份有限公司下调公司主体长期信用等级为 C，下调"岭南转债"的信用等级为 C。 二〇二五年八月 重要声明 本报告依据《可转换公司债券管理办法》《岭南生态文旅股份有限公司与广 发证券股份有限公司关于岭南生态文旅股份有限公司 2018 年公开发行的可转换 公司债券之受托管理协议》（以下简称"受托管理协议"）《岭南生态文旅股份 有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说明书"）等 相关公开信息披露文件、第三方中介机构出具的专业意见等，由债券受托管理 人广发证券股份有限公司（以下简称"广发证券"）编制。广发证券对本报告 ...

岭南生态文旅股份有限公司 2025 年半年度财务报告 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 2025 岭南生态文旅股份有限公司 半年度财务报告 1 岭南生态文旅股份有限公司 2025 年半年度财务报告 编制单位：岭南生态文旅股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 141,251,822.55 | 203,433,423.28 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 204,844.00 | 535,290.39 | | 应收账款 | 2,073,124,238.86 | 2,258,538,269.22 | | 应收款项融资 | | | | 预付款项 | 84,959,816.55 | 74,871,953.80 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | ...

岭南生态文旅股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况 的专项报告 根据中国证监会发布的《上市公司募集资金监管规则》和深圳证券交易所颁布的 《深圳证券交易所上市公司规范运作指引（2025 年修订）》《深圳证券交易所上市公 司信息披露公告格式第 21 号：上市公司募集资金年度存放与使用情况的专项报告格 式》等有关规定，岭南生态文旅股份有限公司（以下简称"公司"或"本公司"）董 事会编制了截至 2025 年 6 月 30 日募集资金年度存放与实际使用情况的专项报告。 岭南生态文旅股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的专项报告 （一）实际募集资金金额和资金到账时间 1、2018 年公开发行可转换公司债券募集资金情况 经中国证券监督管理委员会证监许可【2018】1062 号核准，公司向社会公开发 行面值总额 660,000,000.00 元可转换公司债券，期限 6 年，扣除相关发行费用 12,080,000.00 元，本次实际募集资金净额 647,920,000.00 元。 截至 2018 年 8 月 20 日止，公开发行可转换公司债券募集资金已全部到达本 公司并入账 ...