Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Negative Net Assets - Six companies, including Deep Konka A and Bangjie Co., are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion yuan and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion yuan to -8.001 billion yuan [2] - Bangjie Co. (stock code: 002634) expects a net profit loss of 900 million yuan to 1.2 billion yuan and net assets of -900 million yuan to -600 million yuan by the end of 2025 [3] Group 2: Companies with Negative Profits and Revenue - Four companies, including Jiyou Co. and ST Lingnan, are projected to have negative profits and revenues below the required thresholds, triggering another type of delisting risk warning [4] - Jiyou Co. (stock code: 603429) forecasts a total profit loss of approximately 23 million yuan and revenue of around 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) is expected to have a total profit loss between 1.19 billion yuan and 1.78 billion yuan, with net assets projected to be between -1.4 billion yuan and -940 million yuan [6]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Expected Negative Net Assets - Six companies, including Deep Konka A, are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [2] - The reasons for Deep Konka A's significant losses include large impairment provisions for various assets and declining revenue in its core consumer electronics business due to insufficient product competitiveness [2] Group 2: Companies with Expected Profit and Revenue Shortfalls - Four companies, including Jiyou Co. and ST Lingnan, are expected to have negative profits and revenues below the required thresholds, triggering delisting risk warnings [4] - Jiyou Co. (stock code: 603429) expects a total profit loss of around 23 million yuan and revenue of approximately 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) anticipates a total profit loss between 1.19 billion and 1.78 billion yuan, with net assets expected to be between -1.4 billion and -940 million yuan, indicating severe financial distress [6]

证券代码：300091 证券简称：*ST 金灵 公告编号：2026-005 金通灵科技集团股份有限公司 关于公司股票交易可能被实施财务类退市风险警示的提示性公告 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。 1. 公司已进入重整程序，但仍存在因重整失败而被宣告破产的风险。如后续被 宣告破产，公司将被实施破产清算，根据《上市规则》第 10.4.18 条的规定，公司 股票将面临被终止上市的风险。 2. 因公司被法院裁定受理重整，根据《上市规则》第 10.4.1 条的规定，公司 股票于 2026 年 1 月 6 日起被实施规范类退市风险警示。 3. 公司已进入重整程序，但仍存在因重整失败而被宣告破产的风险。如后续被 宣告破产，公司将被实施破产清算，根据《上市规则》第 10.4.18 条的规定，公司 股票将面临被终止上市的风险。敬请广大投资者理性投资，注意投资风险。 一、公司股票交易可能被实施财务类退市风险警示的情况说明 经财务部门初步测算，预计公司 2025 年度期末净资产为-68,000 万元至-46,000 万元。根据《上市规则》第 10.3.1 条第一款第（ ...

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、本期业绩预计情况 1. 业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 单位：万元 证券代码：300091 证券简称：*ST 金灵 公告编号：2026-004 金通灵科技集团股份有限公司 2025 年度业绩预告 2. 根据企业会计准则及相关规定，基于当前市场环境、资产使用状况及未来预 期收益等综合因素考量，经公司初步测算，预计本年度对固定资产、无形资产、存 货、合同资产、长期股权投资等计提资产减值损失约 22,200 万元至 25,000 万元（最 终数据以经审计的财务报告为准）。 3. 根据相关诉讼最新判决进展及对破产子公司担保责任的评估，公司对投资者 诉讼、股权纠纷、欺诈发行相关罚金以及对外担保等事项补充计提了预计负债金额 约 40,000 万元至 60,000 万元（最终数据以经审计的财务报告为准）。 四、风险提示 | 项 | 目 | 本报告期 | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | | -150,000 ...

Core Viewpoint - The article discusses the emergence of three key mechanisms for investor rights protection in China's securities market, which are enhancing the accessibility and certainty of investor claims, thereby creating a new ecosystem for shareholder rights protection [1][5][7]. Group 1: Mechanisms for Investor Rights Protection - The three mechanisms include ordinary lawsuits, special representative lawsuits, and advance compensation, which are collectively forming a new ecosystem for investor rights protection [5][8]. - The special representative lawsuit has seen successful cases, such as the judgment against Jintongling, where 43,269 investors were awarded a total of 775 million yuan [2][3]. - Advance compensation has been implemented for the fifth time, with Wukuang Securities contributing 210 million yuan for compensation related to Guangdao Digital's false statements [3][4]. Group 2: Legal Framework and Changes - The cancellation of the prerequisite for administrative penalties or criminal judgments allows investors to file lawsuits without waiting for regulatory actions, significantly shortening the time for rights protection [2][6]. - The introduction of the Supreme Court's regulations in 2022 has facilitated the filing of civil compensation lawsuits for securities false statements, enhancing investor rights [2][9]. - The new ecosystem emphasizes civil liability as a core mechanism, moving away from reliance on administrative penalties, thus improving the predictability and stability of civil accountability [7][10]. Group 3: Implications for Market Integrity - The development of these mechanisms is expected to enhance the quality of information disclosure and compliance management among listed companies, as the market increasingly recognizes the costs associated with violations [7][11]. - The article highlights that the new ecosystem is likely to restore investor confidence in the capital market, contributing positively to its healthy development [8][9]. - Experts suggest that further improvements are needed to ensure the sustainability and effectiveness of these mechanisms, including clearer standards for civil liability and better integration of responsibilities among intermediaries [9][10][11].

每经AI快讯，1月15日，*ST金灵(300091.SZ)公告称，金通灵科技集团股份有限公司发布重整计划（草 案）之出资人权益调整方案，旨在避免公司破产清算，实现公司重生。方案包括产业投资人汇通达网络 股份有限公司受让7.11亿股转增股票，财务投资人受让4.96亿股转增股票，剩余1.46亿股用于清偿债 务。此外，原控股股东季伟名下股份将被调整，用于向债权人进行分配。方案实施后，公司基本面预期 将发生根本性改善，持续盈利能力有望逐步增强。 （文章来源：每日经济新闻） ...

格隆汇1月15日丨*ST金灵（维权）(300091.SZ)公布重整计划，金通灵以现有总股本1,489,164,214股为基 数，按每10股转增9.08股的比例实施资本公积转增股本，共转增约1,352,880,853股。转增完成后，金通 灵总股本增至2,842,045,067股。最终转增的准确股票数量以中证登深圳分公司实际登记确认的数量为 准。 ...

金通灵科技集团股份有限公司 重整计划（草案）之出资人权益调整方案 一、出资人权益调整的必要性 鉴于金通灵科技集团股份有限公司（以下简称"金通灵" "公司""债务人"或"上市公司"）已无法清偿到期债务， 且明显缺乏清偿能力，如金通灵破产清算，现有资产在清偿 各类债权后已无剩余财产向股东分配，出资人权益将为零。 为挽救金通灵，避免其破产清算，出资人和债权人需共同分 担实现公司重生的成本，因此需对金通灵出资人的权益进行 调整。 二、出资人权益调整范围 根据《中华人民共和国企业破产法》第八十五条第二款 之规定，重整计划草案涉及出资人权益调整事项的，应当设 出资人组，对该事项进行表决。出资人指出资人组会议的股 权登记日在中国证券登记结算有限责任公司深圳分公司（以 下简称"中证登深圳分公司"）登记在册金通灵的全体股东。 前述出资人在股权登记日后至出资人权益调整方案实施完 毕前，由于交易或非交易原因导致持股情况发生变动的，出 资人权益调整方案的效力及于其股票的受让方及/或承继方。 三、出资人权益调整方案内容 （一）基本内容 1. 产 业 投 资 人 汇 通 达 网 络 股 份 有 限 公 司 以 994,431,569.2 ...

金通灵科技集团股份有限公司 重整计划 二〇二六年一月 （草案） | 释义 1 | | --- | | 前言 8 | | 摘要 10 | | 正文 13 | | 一、基本情况 13 | | （一）工商信息 13 | | （二）股本、股东情况 13 | | （三）预重整及重整情况 13 | | （四）资产情况 14 | | （五）负债情况 14 | | （六）偿债能力分析 16 | | （七）因虚假陈述导致的证券集体诉讼情况 17 | | （八）刑事案件情况 18 | | 二、出资人权益调整方案 18 | | （一）出资人权益调整的必要性 18 | | （二）出资人权益调整范围 18 | | （三）出资人权益调整方案内容 19 | | （四）除权（息）处理原则 20 | | （五）出资人权益调整方案实施的预期效果 21 | | 三、债权分类方案 22 | | （一）有财产担保债权 22 | | （二）职工债权 22 | | （三）普通债权 22 | | 四、债权调整及受偿方案 22 | | （一）有财产担保债权 23 | | （二）职工债权 23 | | （三）普通债权 24 | | （四）劣后债权 25 | | ...

证券代码：300091 证券简称：*ST 金灵 公告编号：2026-003 金通灵科技集团股份有限公司 关于召开第一次债权人会议的提示性公告 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。 2025 年 12 月 31 日，金通灵科技集团股份有限公司（以下简称"公司"）收到江 苏省南通市中级人民法院（以下简称"南通中院"）出具的（2025）苏 06 破 56 号《裁 定书》及《决定书》，南通中院裁定受理申请人对公司的重整申请，并指定金通灵 科技集团股份有限公司清算组担任重整期间的管理人。具体内容详见公司同日披露 的《关于法院裁定受理公司重整并指定管理人的公告》（公告编号：2025-055）。 2025 年 12 月 31 日，公司收到南通中院发布（2025）苏 06 破 56 号《公告》， 债权人应在 2026 年 2 月 1 日前向管理人申报债权，并定于 2026 年 2 月 2 日下午 2 时召开第一次债权人会议，以网络在线视频方式召开。根据《深圳证券交易所创业 板股票上市规则》（以下简称"《上市规则》"）和《上市公司自律监管指引第 14 号——破产重整等 ...