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]

Core Viewpoint - Jintongling's stock price has shown volatility, with a year-to-date increase of 40.49%, but recent performance indicates a decline over the past 20 days, highlighting potential concerns for investors [1][2]. Company Overview - Jintongling Technology Group Co., Ltd. is located in Nantong, Jiangsu Province, established on April 9, 1993, and listed on June 25, 2010. The company specializes in the research, manufacturing, application, and system integration of high-end fluid machinery products, including large industrial blowers and multi-stage high-pressure centrifugal blowers [2]. - The revenue composition of Jintongling includes: blowers (38.82%), system integration construction projects (16.34%), boiler sales (13.12%), compressors (12.00%), others (9.68%), system integration operation projects (6.33%), and steam turbines (3.71%) [2]. Financial Performance - As of June 30, Jintongling had 45,500 shareholders, a decrease of 19.77% from the previous period, with an average of 32,436 circulating shares per shareholder, an increase of 24.64% [2]. - For the first half of 2025, Jintongling reported operating revenue of 370 million yuan, a year-on-year decrease of 48.70%, and a net profit attributable to shareholders of -202 million yuan, a year-on-year decrease of 167.72% [2]. Stock Performance - On October 23, Jintongling's stock price fell by 2.04%, trading at 2.88 yuan per share, with a total market capitalization of 4.289 billion yuan. The stock experienced a net outflow of 904,800 yuan in principal funds [1]. - The stock has been on the龙虎榜 (a stock trading list) once this year, with the most recent appearance on March 12, where it recorded a net purchase of 61.0788 million yuan [1].

Core Viewpoint - The company Jin Tong Ling is facing severe financial distress, leading to a bankruptcy liquidation application by its subsidiary, Jiangsu Jin Tong Ling Precision Manufacturing Co., Ltd, due to unpaid debts and significant losses over recent years [1][4][5]. Financial Situation - As of April 30, 2025, Jin Tong Ling Precision Manufacturing reported total assets of 67 million and total liabilities of 196 million, indicating insolvency [4]. - The company has incurred total losses exceeding 2.2 billion from 2020 to 2024, with a debt ratio of 92.04% as of mid-2025 [5]. - For the first half of 2025, the company reported revenue of 370 million, a year-on-year decline of 48.70%, and a net loss of 202 million, a decline of 167.72% [5]. Legal and Regulatory Issues - The company has been penalized for securities fraud, resulting in a fine of 8 million, and several executives have received prison sentences for related offenses [6]. - The bankruptcy application was accepted by the Nanjing Intermediate People's Court, confirming the company's inability to meet its financial obligations [4]. Recent Developments - On September 5, 2025, the company announced a pre-restructuring investment agreement with HuTongDa Network Co., Ltd, aimed at resolving its debt crisis and improving its financial structure [5].

Core Points - The company Jin Tong Ling announced that its wholly-owned subsidiary, Jiangsu Jin Tong Ling Precision Manufacturing Co., Ltd., is facing bankruptcy liquidation due to unpaid debts to a creditor [2][6][7] - As of June 30, 2025, the subsidiary has a net asset value of -133 million yuan, indicating severe insolvency [2][7] - The subsidiary's financial performance has been poor since its establishment in 2019, with significant losses reported in recent years [3][6] Financial Summary - In the first half of 2023, the subsidiary achieved revenue of only 15.83 million yuan, with a net loss of 7.84 million yuan [7] - For the year 2021, the subsidiary reported a net profit loss of 22.31 million yuan, and losses continued in 2023 and 2024, amounting to -62.51 million yuan and -20.73 million yuan respectively [6][7] - The parent company Jin Tong Ling reported a revenue decline of 48.7% year-on-year, with a net loss of 202.4 million yuan in the first half of the year [8] Legal and Regulatory Issues - The subsidiary's bankruptcy application was accepted by the Nantong Intermediate People's Court due to its inability to pay debts owed to Nantong Shenguang Machinery Manufacturing Co., Ltd. [6][7] - The company has faced legal challenges, including a recent criminal judgment resulting in fines and prison sentences for its former chairman and other executives due to securities fraud [12]

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。 特别提示： 金通灵科技集团股份有限公司（以下简称"公司"）全资子公司江苏金通灵精 密制造有限公司（以下简称"精密制造"） 收到江苏省南通市中级人民法院（以下 简称"南通中院"或"本院"）出具的（2025）苏 06 破 55 号《民事裁定书》，南 通中院裁定受理精密制造破产清算一案。公司将持续关注精密制造被申请破产清算 的进展情况，并按照有关规定履行信息披露义务。 证券代码：300091 证券简称：金通灵 公告编号：2025-045 金通灵科技集团股份有限公司 关于子公司被申请破产清算的提示性公告 一、裁定受理破产清算概述 公司全资子公司精密制造于 2025 年 10 月 22 日收到南通中院出具的（2025）苏 06 破 55 号《民事裁定书》，裁定受理申请人南通神光机械制造有限公司（以下简称 "神光公司"）对精密制造的破产清算申请。 （一）申请人基本情况 1.申请人名称：南通神光机械制造有限公司 2.法定代表人：朱光 3.统一社会信用代码：91320612MA1MF1Q68D 4.注册地址：南通市通州区兴仁镇阚 ...

Group 1 - The company Jin Tong Ling Technology Group Co., Ltd. revised its articles of association in October 2025 to clarify its organizational structure, operational norms, and the rights and obligations of shareholders and management, aiming to enhance governance levels [1][2] - The revised articles consist of thirteen chapters and two hundred twenty articles, covering various aspects such as company organization and behavior norms, shareholder rights, board of directors, senior management responsibilities, and financial matters [1][2] - The company was established in June 2008 and listed on the Shenzhen Stock Exchange in June 2010, with a registered capital of 1,489.164214 million yuan [1] Group 2 - Shareholders have rights based on their shares, including access to company information, with specific procedures for accessing certain materials. The shareholders' meeting has decision-making authority over significant matters such as capital changes and profit distribution [2] - The board of directors consists of nine members, including one employee representative and three independent directors, responsible for operational decisions and establishing relevant systems [2] - Senior management, including the general manager and deputy general managers, is appointed by the board and is accountable to it, exercising authority in production and operational management [2]

金通灵科技集团股份有限公司 董事会薪酬与考核委员会工作细则 （2025年10月修订） 第一章 总 则 第一条 为进一步完善金通灵科技集团股份有限公司（以下简称"公司"）董事 及高级管理人员的考核和薪酬管理制度，根据《中华人民共和国公司法》《上市公 司治理准则》《上市公司独立董事管理办法》等法律法规、规范性文件、证券交易 所自律规则及《金通灵科技集团股份有限公司章程》（以下简称《公司章程》）的 有关规定，制定本工作细则。 第二条 薪酬与考核委员会是公司董事会按照《公司章程》设立的专门委员会， 主要负责制定董事、高级管理人员的考核标准并进行考核；制定、审查董事、高级 管理人员的薪酬决定机制、决策流程、支付与止付追索安排等薪酬政策与方案等， 向董事会报告工作并对董事会负责。 第三条 本工作细则所称董事是指在公司支取报酬的非独立董事；所称高级管理 人员是指董事会聘任的总经理、副总经理、总工程师、财务负责人和董事会秘书。 第二章 人员构成 第四条 薪酬与考核委员会由3名董事组成，其中2名成员为独立董事。 第五条 薪酬与考核委员会成员由董事长、1/2以上独立董事或者全体董事的1/3 提名，并由董事会选举产生。 第六条 薪 ...