Core Viewpoint - The announcement indicates that a significant shareholder, Ji Wei, has reduced his stake in the company due to judicial auction and debt settlement, resulting in a decrease in his shareholding below 5% [1] Group 1: Shareholder Changes - Ji Wei's holdings decreased by 13.9 million shares, with 11.12 million shares sold through judicial auction and 2.78 million shares settled as debt [1] - The transfer price for the shares was set at 2.7279 yuan per share, with the transfer process expected to be completed by October 29, 2025 [1] - Following this change, Ji Wei and his concerted actor, Ji Weidong, now hold a combined total of 63.3779 million shares, representing 4.2560% of the total share capital [1] Group 2: Impact on Company Control - The reduction in Ji Wei's shareholding does not affect the company's control or operations, as he is no longer classified as a shareholder with over 5% ownership [1]

Core Viewpoint - Jintongling, established in 1993 and listed in 2010, is a significant player in the high-end fluid machinery sector in China, focusing on R&D and manufacturing of various high-end fluid machinery products [1] Group 1: Business Performance - In Q3 2025, Jintongling reported revenue of 548 million yuan, ranking 36th in the industry, significantly lower than the top competitor, Juxing Technology, which had revenue of 11.156 billion yuan [2] - The company's net profit for the same period was -284 million yuan, placing it last in the industry ranking at 51st, while the industry leader reported a net profit of 2.211 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jintongling's debt-to-asset ratio was 93.10%, a substantial increase from 65.85% in the previous year, far exceeding the industry average of 38.24% [3] - The company's gross profit margin was 10.86%, down from 14.42% year-on-year and below the industry average of 26.36% [3] Group 3: Management and Shareholder Information - The chairman, Zhang Jianhua, has extensive management experience and holds multiple significant positions, while the general manager, Shen Zhigang, received a salary of 556,700 yuan in 2024, an increase of 15,200 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 6.29% to 42,600, while the average number of circulating A-shares held per account increased by 6.71% to 34,600 [5]

Group 1 - The core viewpoint of the article is that Jintongling (300091.SZ) reported a significant decline in revenue and incurred substantial losses in the first three quarters of 2025 [1] Group 2 - The company's operating revenue for the first three quarters was 548 million yuan, representing a year-on-year decrease of 47.95% [1] - The net loss attributable to shareholders of the listed company was 268 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 219 million yuan [1] - The basic loss per share was 0.1801 yuan [1]

证券代码：300091 证券简称：金通灵 公告编号：2025-048 金通灵科技集团股份有限公司 5.本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律法 规以及《公司章程》的规定，合法有效。 二、监事会会议审议情况 经与会监事认真审议并以记名投票表决方式通过如下决议： （一）审议通过《关于<2025 年第三季度报告>的议案》 第六届监事会第十一次会议决议公告 本公司及监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、监事会会议召开情况 1.金通灵科技集团股份有限公司（以下简称"公司"）第六届监事会第十一次 会议（以下简称"本次会议"）通知及相关资料于 2025 年 10 月 19 日以电子通讯方 式送达全体监事。 2.本次会议于 2025 年 10 月 23 日以现场的方式在江苏省南通市崇川区钟秀中路 135 号公司七楼会议室召开。 3.本次会议应到监事 3 人，实到监事 3 人。 4.本次会议由监事会主席吴建召集并主持。 经审议，监事认为董事会编制和审核 2025 年第三季度报告内容真实、准确、完 整地反映了公司的财务状况和经营成果，不存在任何虚假 ...

证券代码：300091 证券简称：金通灵 公告编号：2025-047 金通灵科技集团股份有限公司 第六届董事会第十五次会议决议公告 1.金通灵科技集团股份有限公司（以下简称"公司"）第六届董事会第十五次 会议（以下简称"本次会议"）通知及相关资料于 2025 年 10 月 19 日以电子通讯方 式送达全体董事。 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。 2.本次会议于 2025 年 10 月 23 日以现场与通讯相结合的方式在江苏省南通市崇 川区钟秀中路 135 号公司七楼会议室召开。 3.本次会议应到董事 8 人，实到董事 8 人，其中朱雪忠以通讯表决方式出席会 议。公司监事、高级管理人员列席了本次会议。 4.本次会议由董事长张建华召集并主持。 一、董事会会议召开情况 5.本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律法 规以及《公司章程》的规定，合法有效。 二、董事会会议审议情况 本议案已经董事会审计委员会第十四次会议审议通过。 经审议，公司董事会认为《2025 年第三季度报告》的内容真实、准确、完整地 反映了公司 2025 年第三 ...

Financial Performance - The company's revenue for Q3 2025 was ¥177,542,990.41, a decrease of 46.29% compared to the same period last year[4] - The net profit attributable to shareholders was -¥65,864,010.45, reflecting a decline of 1.65% year-on-year[4] - The basic earnings per share were -¥0.0442, down 1.61% from the previous year[4] - Total operating revenue for the current period is ¥547,521,910.54, a decrease of 48% compared to ¥1,051,815,455.62 in the previous period[27] - Net profit for the current period is -¥284,242,386.69, compared to -¥156,314,224.67 in the previous period, indicating a worsening loss[28] - Basic and diluted earnings per share for the current period are both -¥0.1801, compared to -¥0.0943 in the previous period[29] Assets and Liabilities - Total assets decreased by 8.49% to ¥3,970,385,729.85 compared to the end of the previous year[4] - The company's total liabilities decreased from 3.80 billion yuan to 3.70 billion yuan[26] - Current liabilities increased slightly from 2.84 billion yuan to 2.89 billion yuan during the same period[25] - The company's total equity dropped from 541.65 million yuan to 274.04 million yuan, indicating a significant decline in shareholder value[26] Cash Flow - Cash flow from operating activities showed a net outflow of -¥220,074,222.00, a decline of 622.50% compared to the previous year[11] - Cash flow from operating activities shows a net outflow of -¥220,074,222.00, compared to -¥30,459,984.70 in the previous period[29] - Cash flow from investing activities results in a net outflow of -¥3,265,120.53, compared to -¥33,818,544.13 in the previous period[30] - Cash flow from financing activities shows a net inflow of ¥175,289,071.17, an increase from ¥43,304,072.71 in the previous period[30] - The ending cash and cash equivalents balance is ¥18,557,003.96, down from ¥80,255,409.17 in the previous period[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,643[13] - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., holds 27.88% of shares, totaling 415,148,776 shares, with 164,589,838 shares pledged[13] - The second-largest shareholder, Ji Wei, holds 4.09% of shares, totaling 60,894,805 shares, with 34,194,105 shares pledged and 60,894,805 shares frozen[13] - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with the top shareholder alone holding nearly 28%[13] - The company has a total of 63,849,083 shares under lock-up agreements, with 50,718,145 shares currently locked and 13,130,938 shares added during the period[17] Legal and Regulatory Issues - The company is currently involved in civil litigation, with a potential liability amounting to 70.62 million RMB, which represents 10.36% of the latest audited net assets[18] - Additional undisclosed litigation and arbitration matters have arisen, with a total amount of 148.24 million RMB, accounting for 21.75% of the latest audited net assets[18] - The company was fined 8 million yuan for fraudulently issuing securities, with responsible personnel facing criminal charges[19] Restructuring and Future Plans - As of April 30, 2025, 36 potential investors submitted formal applications for restructuring, with a total of 2 billion yuan in borrowing approved for operational expenses[20] - The company is currently in a pre-restructuring phase, with ongoing recruitment of restructuring investors and debt claims[21] - The company has not yet received legal documents regarding its entry into the restructuring process, which poses a risk of delisting if the court accepts the application[21] Research and Development - Research and development expenses decreased by 45.65% to ¥33,499,248.41, indicating reduced investment in R&D[10] - Research and development expenses decreased to ¥33,499,248.41 from ¥61,632,223.65, a reduction of approximately 46%[27] Other Financial Metrics - The company reported a significant increase in investment income, rising by 2403.69% to ¥20,202,377.50 due to loss of control over a subsidiary[10] - The company reported a significant increase in other payables, rising by 104.42% to ¥648,940,430.15, mainly due to increased borrowings from related parties[9] - The company experienced a 52.22% decrease in notes receivable, primarily due to a reduction in non-6+9 bank bills held[9] - Accounts receivable decreased from 787.55 million yuan to 698.55 million yuan, reflecting a decline in expected cash inflows[24] Accounting and Reporting - The third quarter financial report of Jintongling Technology Group Co., Ltd. has not been audited[31] - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[31] - The board of directors announced the financial report on October 27, 2025[31]

Core Points - The stock price of Jintongling has decreased by 2.05% on October 24, trading at 2.87 CNY per share with a market capitalization of 4.274 billion CNY [1] - Year-to-date, Jintongling's stock has increased by 40.00%, but it has seen a decline of 11.15% over the past 20 days [2] - The company reported a significant drop in revenue and net profit for the first half of 2025, with revenue of 370 million CNY, down 48.70% year-on-year, and a net loss of 202 million CNY, down 167.72% year-on-year [3] Financial Performance - As of June 30, the number of shareholders decreased by 19.77% to 45,500, while the average circulating shares per person increased by 24.64% to 32,436 shares [3] - Jintongling has cumulatively distributed 109 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4] Business Overview - Jintongling, established on April 9, 1993, and listed on June 25, 2010, specializes in the research, manufacturing, and application of high-end fluid machinery products, including large industrial blowers and multi-stage high-pressure centrifugal blowers [2] - The company's revenue composition includes blowers (38.82%), system integration projects (16.34%), boiler sales (13.12%), compressors (12.00%), and other categories [2]

Group 1 - High-speed Electric achieved a revenue of 810 million yuan, a year-on-year increase of 30.33%, and a net profit of 36.33 million yuan, up 54.32% year-on-year for the first three quarters [1] - Huaguang Bio reported a revenue of 868 million yuan, a year-on-year increase of 17.98%, and a net profit of 16.33 million yuan, up 146.55% year-on-year for the first three quarters [2] - North Navigation turned a profit with a net profit of 125 million yuan for the first three quarters, compared to a loss in the previous year, with a revenue of 2.468 billion yuan, up 210.01% year-on-year [3] Group 2 - Wukuang New Energy reported a revenue of 5.054 billion yuan, a year-on-year increase of 33.96%, but a net loss of 20.1 million yuan for the first three quarters [4] - Century Rui Er achieved a revenue of 5.110 billion yuan, a year-on-year increase of 5.21%, and a net profit of 41.64 million yuan, up 27.23% year-on-year for the first three quarters [5] - Jiejie Micro reported a revenue of 2.502 billion yuan, a year-on-year increase of 24.70%, and a net profit of 34.7 million yuan, up 4.30% year-on-year for the first three quarters [6] Group 3 - Zhejiang Huaye achieved a revenue of 739 million yuan, a year-on-year increase of 11.08%, and a net profit of 181 million yuan, up 143.68% year-on-year for the first three quarters [7] - Lege Co. reported a revenue of 4.846 billion yuan, a year-on-year increase of 21.92%, but a net profit of 16.9 million yuan, down 36.33% year-on-year for the first three quarters [8] - Huichuan Technology achieved a revenue of 31.663 billion yuan, a year-on-year increase of 24.67%, and a net profit of 4.254 billion yuan, up 26.84% year-on-year for the first three quarters [9] Group 4 - Jieya Co. reported a revenue of 565 million yuan, a year-on-year increase of 38.44%, and a net profit of 67.9 million yuan, up 95.78% year-on-year for the first three quarters [10] - Hengtian Hailong reported a revenue of 829 million yuan, a year-on-year increase of 0.89%, but a net profit of 274,780 yuan, down 93% year-on-year for the first three quarters [11] - Baolidi achieved a revenue of 1.058 billion yuan, a year-on-year increase of 4.57%, and a net profit of 106 million yuan, up 31.25% year-on-year for the first three quarters [12] Group 5 - Feitian Chengxin reported a revenue of 520 million yuan, a year-on-year increase of 3.10%, and a net profit of 10.38 million yuan, up 146.05% year-on-year for the first three quarters [13] - Xiangqiang Co. reported a revenue of 1.237 billion yuan, a year-on-year increase of 9.19%, but a net profit of 171 million yuan, down 5.90% year-on-year for the first three quarters [14] - Guangzheng Eye Care reported a revenue of 663 million yuan, a year-on-year decrease of 5.05%, but a net profit of 17,340 yuan, turning from loss to profit for the first three quarters [15] Group 6 - Sand Technology achieved a revenue of 430 million yuan, a year-on-year increase of 26.94%, and a net profit of 115 million yuan, up 47.52% year-on-year for the first three quarters [16] - Tianhao Energy reported a revenue of 1.941 billion yuan, a year-on-year decrease of 36.05%, and a net profit of 95.74 million yuan, down 27.25% year-on-year for the first three quarters [17] - Yiyuan Communication achieved a revenue of 17.877 billion yuan, a year-on-year increase of 34.96%, and a net profit of 733 million yuan, up 105.65% year-on-year for the first three quarters [18] Group 7 - Zhenhai Co. reported a revenue of 295 million yuan, a year-on-year decrease of 9.96%, and a net profit of 51.69 million yuan, down 8% year-on-year for the first three quarters [19] - Xinda Securities received approval to issue up to 10 billion yuan in corporate bonds for technology innovation [20] - Jingong Steel Structure signed a contract worth 1.23 billion yuan for an overseas project [21] Group 8 - Chuanfa Longmang plans to invest 366 million yuan in a lithium dihydrogen phosphate project [22] - Ningbo Energy plans to invest 58.5 million yuan to establish a joint venture [23] - China Unicom plans to spin off its subsidiary for listing on the Growth Enterprise Market [24] Group 9 - China Unicom reported a revenue of 292.985 billion yuan, a year-on-year increase of 1%, and a net profit of 8.772 billion yuan, up 5.2% year-on-year for the first three quarters [25] - Haigang Co. announced a plan to reduce its shareholding by 0.9965% [26] - Jintongling's subsidiary is facing bankruptcy liquidation [27] Group 10 - Lanshi Heavy Industry plans to transfer 51.02% of its environmental company shares for 14.39 million yuan [28] - Lanshi Heavy Industry's shareholder plans to reduce its stake by 1% [29] - Dongtian Micro reported a revenue of 637 million yuan, a year-on-year increase of 53.91%, and a net profit of 80.03 million yuan, up 99.20% year-on-year for the first three quarters [30] Group 11 - Siling Co. reported a revenue of 581 million yuan, a year-on-year increase of 4.38%, and a net profit of 14 million yuan, up 2.17% year-on-year for the first three quarters [31] - Hanrui Cobalt achieved a revenue of 4.871 billion yuan, a year-on-year increase of 16.49%, and a net profit of 238 million yuan, up 42.57% year-on-year for the first three quarters [32] - Ganfeng Lithium's vice president plans to reduce his stake by 40,000 shares [33] Group 12 - Kaile Co. plans to acquire at least 50% of Kesheng Machinery [34] - Huace Navigation achieved a revenue of 2.618 billion yuan, a year-on-year increase of 15.47%, and a net profit of 493 million yuan, up 26.41% year-on-year for the first three quarters [35] - Jingbeifang reported a revenue of 3.613 billion yuan, a year-on-year increase of 5.14%, and a net profit of 243 million yuan, up 7.94% year-on-year for the first three quarters [36] Group 13 - Weiergao achieved a revenue of 1.122 billion yuan, a year-on-year increase of 51.93%, and a net profit of 69.79 million yuan, up 48.11% year-on-year for the first three quarters [37] - Hanyi Co. reported a revenue of 139 million yuan, a year-on-year increase of 1.10%, and a net profit of 904,470 yuan, up 78.52% year-on-year for the first three quarters [38] - Boya Precision achieved a revenue of 387 million yuan, a year-on-year increase of 47.27%, and a net profit of 66.11 million yuan, up 82.87% year-on-year for the first three quarters [39] Group 14 - Qianfang Technology achieved a revenue of 5.256 billion yuan, a year-on-year decrease of 2.82%, and a net profit of 189 million yuan, up 1098.97% year-on-year for the first three quarters [40] - Binhua Co. submitted an application for H-share listing [41] - Chengde Lulu reported a revenue of 1.956 billion yuan, a year-on-year decrease of 9.42%, and a net profit of 384 million yuan, down 8.47% year-on-year for the first three quarters [42] Group 15 - Beifang Changlong reported a revenue of 122 million yuan, a year-on-year increase of 159.21%, but a net profit of 11.29 million yuan, turning from profit to loss for the first three quarters [43]

Core Points - The subsidiary of the listed company Jintongling, Jiangsu Jintongling Precision Manufacturing Co., Ltd., has been applied for bankruptcy liquidation due to severe insolvency, with a net asset of -133 million yuan as of June 2025 [1] - The parent company Jintongling is also facing financial difficulties, reporting a 48.7% decline in revenue to 370 million yuan in the first half of the year, and a net loss of 202 million yuan [1] - The former owner of Jintongling has been sentenced to six years in prison for fraudulently issuing securities, further complicating the company's financial situation [1] Financial Performance - Jiangsu Jintongling Precision Manufacturing was established in August 2019 with a registered capital of 10 million yuan, but has shown poor performance since its inception [1] - The subsidiary's revenue peaked in 2020 but reported a net loss of 22.31 million yuan in 2021 due to a lack of external orders, with further losses of 6.25 million yuan and 7.83 million yuan in 2023 and 2024 respectively [1] - As of September 2025, the subsidiary owes Jintongling approximately 156 million yuan, accounting for about 23% of the parent company's latest audited net assets [1] Legal and Regulatory Issues - The bankruptcy application was initiated by Nantong Shenguang Machinery Manufacturing Co., Ltd. due to unpaid fees from Jiangsu Jintongling Precision Manufacturing [1] - Jintongling has faced legal repercussions, including an 800,000 yuan fine for fraudulently issuing securities, and has been implicated in significant financial misconduct from 2017 to 2022 [1]

Core Viewpoint - The company Jin Tong Ling (300091.SZ) announced that its wholly-owned subsidiary, Jiangsu Jin Tong Ling Precision Manufacturing Co., Ltd. (referred to as "Precision Manufacturing"), is facing bankruptcy liquidation due to unpaid debts to a creditor, Nantong Shen Guang Machinery Manufacturing Co., Ltd. [1][5][6] Financial Performance - As of June 30, 2025, Precision Manufacturing reported a net asset value of -133 million yuan, indicating severe insolvency [1][7] - In the first half of 2025, Precision Manufacturing generated revenue of only 15.83 million yuan, with a net loss of 7.84 million yuan [7] - The company has accumulated debts of 156 million yuan owed to Jin Tong Ling, which represents approximately 23% of Jin Tong Ling's latest audited net assets [1][7] Historical Context - Precision Manufacturing was established in August 2019 with a registered capital of 10 million yuan, primarily engaged in precision manufacturing processing [2] - The subsidiary experienced significant revenue growth in 2020, but by 2021, it reported a net loss of 22.31 million yuan due to a lack of external orders [5] - The net losses continued in 2023 and 2024, amounting to -62.51 million yuan and -20.73 million yuan, respectively [5] Legal Proceedings - The creditor, Shen Guang Company, filed for bankruptcy liquidation against Precision Manufacturing after the latter failed to pay for services rendered under a contract signed in July 2024 [5][6] - The court has accepted the bankruptcy liquidation application, which will determine the financial impact on Jin Tong Ling based on the liquidation results [8]