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。 聆达集团股份有限公司（以下简称：公司）在全资子公司金寨嘉悦新能源科 技有限公司会议室召开第六届董事会第三十次会议。本次会议通知于2025年10 月29日以电子邮件、微信等通讯方式送达，会议于2025年10月29日下午以现场与 通讯表决相结合的方式召开，根据《公司章程》的有关规定，参与的全体董事同 意豁免本次会议通知时间要求。本次会议应出席董事9人，实际出席董事9人，其 中独立董事3人。独立董事张敦力先生未能亲自出席会议，书面委托独立董事刘 黎明先生代为出席会议进行表决并签署相关文件。本次会议的召集和召开符合 《中华人民共和国公司法》及《公司章程》的有关规定。 本次会议由董事长金永峰先生主持，经与会董事认真审议，形成如下决议： 一、审议通过了《关于聆达股份重整投资协议之财务投资协议》（3 份） 会议审议如下事项并形成决议：审议并通过《聆达股份重整投资协议之财务 投资协议》（3 份）。 本议案经表决，以 9 票同意，0 票反对，0 票弃权获得通过。 证券代码：300125 证券简称：*ST 聆达 公告编号：2025- ...

聆达集团股份有限公司重整投资协议之财务投资协议 聆达集团股份有限公司重整投资协议之财务投资协议（下称"本协议"）由以 下各方于 2025 年【10】月【29】日在六安市签署。 甲方：聆达集团股份有限公司 法定代表人：王明圣 注册地址：辽宁省大连高新技术产业园区火炬路 32B 号第 9 层 902、903 间 统一社会信用代码：91210200782461759L 乙方：海南凌科云启管理咨询合伙企业（有限合伙） 执行事务合伙人或其委派代表：淄博星科智云投资合伙企业（有限合伙） 住所：海南省三亚市天涯区三亚中央商务区凤凰岛 1 号楼 A 座 4622 号 统一社会信用代码：91460000MAEJN4PJ0U 丙方：聆达集团股份有限公司临时管理人（监督方） 以上甲方亦称为"聆达股份"，甲方、乙方、丙方合称为"各方"。 鉴于： 1.安徽省六安市中级人民法院（下称"六安中院"或"法院"）于 2024 年 7 月 30 日作出（2024）皖 15 破申 127 号《决定书》，决定对甲方进行预重整，并指 定聆达股份清算组担任预重整阶段临时管理人（下称"临时管理人"）。2024 年 8 月 30 日，六安中院作出（2024 ...

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-103 聆达集团股份有限公司 关于部分财务投资人退出及新增财务投资人 暨签署重整投资协议的公告 一、公司已被实施的退市风险警示和其他风险警示 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。 1、聆达集团股份有限公司（以下简称：公司、聆达股份）于 2025 年 3 月 28 日与产业投资人金寨金微半导体材料有限公司、浙江众凌科技有限公司；财 务投资人云南国际信托有限公司（代表云南信托-金瑞 512 号单一资金信托）、 武汉佰数千识企业管理合伙企业（有限合伙）、海南湘雪产业投资合伙企业（有 限合伙）、成都吉瑞星越企业管理有限责任公司签署了《重整投资协议》。具 体内容详见公司于 2025 年 3 月 28 日在信息披露媒体发布的相关公告。 重要提示： 2、财务投资人海南湘雪产业投资合伙企业（有限合伙）因未依约支付履约 保证金其财务投资人资格消灭，对于海南湘雪产业投资合伙企业（有限合伙） 因退出本次重整而放弃认购的 20,000,000 股转增股票，根据《重整投资人之产 业投资协议》的相关约定，产业投 ...

聆达集团股份有限公司重整投资协议之财务投资协议 聆达集团股份有限公司重整投资协议之财务投资协议（下称"本协议"）由以 下各方于 2025 年【10】月【29】日在六安市签署。 甲方：聆达集团股份有限公司 法定代表人：王明圣 注册地址：辽宁省大连高新技术产业园区火炬路 32B 号第 9 层 902、903 间 乙方： 长沙昕和企业管理合伙企业（有限合伙） 执行事务合伙人或其委派代表：长沙昆吾企业管理有限责任公司 住所： 湖南省长沙市天心区友谊路 393 号海坤美寓 1 栋 802-806、902-906 房-783 统一社会信用代码：91430103MAEJA3B293 丙方：聆达集团股份有限公司临时管理人（监督方） 以上甲方亦称为"聆达股份"，甲方、乙方、丙方合称为"各方"。 鉴于： 1.安徽省六安市中级人民法院（下称"六安中院"或"法院"）于 2024 年 7 月 30 日作出（2024）皖 15 破申 127 号《决定书》，决定对甲方进行预重整，并指 定聆达股份清算组担任预重整阶段临时管理人（下称"临时管理人"）。2024 年 8 月 30 日，六安中院作出（2024）皖 15 破申 147 号《决定书》 ...

聆达集团股份有限公司重整投资协议之财务投资协议 聆达集团股份有限公司重整投资协议之财务投资协议（下称"本协议"）由以 下各方于 2025 年【10】月【29】日在六安市签署。 甲方：聆达集团股份有限公司 法定代表人：王明圣 注册地址：辽宁省大连高新技术产业园区火炬路 32B 号第 9 层 902、903 间 统一社会信用代码：91210200782461759L 乙方：海南星帆智航投资合伙企业（有限合伙） 执行事务合伙人或其委派代表：湖北新宏武桥投资有限公司 住所：海南省三亚市天涯区三亚中央商务区凤凰岛 1 号楼 A 座 5109 号 统一社会信用代码：91460000MAEXE8CK0R 丙方：聆达集团股份有限公司临时管理人（监督方） 以上甲方亦称为"聆达股份"，甲方、乙方、丙方合称为"各方"。 鉴于： 1.安徽省六安市中级人民法院（下称"六安中院"或"法院"）于 2024 年 7 月 30 日作出（2024）皖 15 破申 127 号《决定书》，决定对甲方进行预重整，并指 定聆达股份清算组担任预重整阶段临时管理人（下称"临时管理人"）。2024 年 8 月 30 日，六安中院作出（2024）皖 15 破申 ...

New Stock Issuance - Multiple companies are experiencing significant abnormal fluctuations in stock prices, including 香农芯创 (300475) with a notice date of 2025-10-24[1] - 天普股份 (605255) reported on 2025-10-21[1] - 生益电子 (688183) and 达华智能 (002512) both reported on 2025-10-29[1] Trading Alerts - 21 companies have been flagged for abnormal trading activities as of 2025-10-29, indicating potential volatility in the market[1] - ST新华锦 (600735) and 汇绿生态 (001267) are among those with recent alerts on 2025-10-29[1] - The report includes links to detailed announcements for each company, providing transparency and further information for investors[1] Market Trends - The report highlights a trend of increased scrutiny on companies with abnormal stock price movements, suggesting a potential shift in regulatory focus[1] - Investors are advised to monitor these stocks closely due to the heightened risk associated with abnormal fluctuations[1]

Core Viewpoint - *ST Lingda is facing a severe debt crisis and operational difficulties, with significant losses and negative equity reported in its recent financial disclosures [1][2]. Financial Performance - In the first three quarters of 2023, *ST Lingda achieved a revenue of 89.09 million yuan, representing a year-on-year increase of 83.47%, but reported a net loss attributable to shareholders of 128 million yuan [1]. - As of the end of Q3 2023, the company's equity attributable to shareholders was -665 million yuan, indicating a serious insolvency issue [1]. - The total assets of *ST Lingda were 917 million yuan, down 8.44% from the beginning of the year [2]. Business Operations - The company's main business revolves around the photovoltaic industry, including the manufacturing of solar cells and operating solar power plants [2]. - Over 90% of *ST Lingda's revenue comes from its subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., which specializes in high-efficiency crystalline silicon solar cells [2]. - The first phase of the solar cell project has been shut down since March 2024 and has not resumed production, while the second phase has been terminated [2]. Governance Issues - *ST Lingda has faced multiple regulatory issues, including insider trading and inadequate information disclosure, leading to administrative penalties from the China Securities Regulatory Commission (CSRC) [3][4]. - The company has been under scrutiny for failing to disclose related party transactions and non-operating fund occupation [3]. Restructuring Efforts - A creditor applied for *ST Lingda's restructuring in July 2024, and the court initiated a pre-restructuring process, but the formal restructuring application has not yet been accepted [5][6]. - The company signed a restructuring investment agreement with relevant investors in March 2025, but the approval of the restructuring plan remains uncertain due to governance and operational deficiencies [6][7]. - If the restructuring is successful, it could improve the company's financial structure and operational capacity; however, failure could lead to bankruptcy and delisting risks [7].

Market Overview - The electricity sector experienced a decline of 0.98% on the previous trading day, with *ST Lingda leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Notable gainers in the electricity sector included: - Jiantou Energy (000600) with a closing price of 9.43, up 5.25% and a trading volume of 984,900 shares [1] - Langfang Development (600149) closed at 5.41, up 3.05% with a trading volume of 204,800 shares [1] - Major decliners included: - *ST Yinda (300125) which fell 13.38% to a closing price of 9.58 with a trading volume of 230,000 shares [2] - Jiazhe New Energy (eolera) down 7.16% to 4.80 with a trading volume of 1,245,200 shares [2] Capital Flow - The electricity sector saw a net outflow of 1.991 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.959 billion yuan [2] - The main capital inflow and outflow for specific stocks included: - Changjiang Electric (600900) with a net inflow of 1.82 billion yuan from main investors [3] - Jiantou Energy (000600) had a net inflow of 57.648 million yuan from main investors [3]

Core Insights - A total of 13 companies released their Q3 2025 financial reports on October 17, with 10 companies reporting year-on-year profit growth and 11 companies showing revenue growth [1] Company Performance Summary - **仕佳光子**: Reported earnings per share of 0.6631, net profit of 29,971.78 million, a year-on-year increase of 727.74%, and revenue of 156,043.74 million, up 113.96% [1] - **华东数控**: Earnings per share of 0.0800, net profit of 2,312.18 million, a year-on-year increase of 151.78%, but revenue decreased by 3.21% to 24,883.19 million [1] - ***ST聆达**: Reported a loss with earnings per share of -0.4780, net loss of 12,791.70 million, but revenue increased by 83.47% to 8,909.23 million [1] - **藏格矿业**: Earnings per share of 1.7566, net profit of 275,080.14 million, a year-on-year increase of 47.26%, and revenue of 240,144.68 million, up 3.35% [1] - **春风动力**: Earnings per share of 9.2900, net profit of 141,536.95 million, a year-on-year increase of 30.89%, and revenue of 1,489,633.24 million, up 30.10% [1] - **福耀玻璃**: Earnings per share of 2.7100, net profit of 706,385.42 million, a year-on-year increase of 28.93%, and revenue of 3,330,190.79 million, up 17.62% [1] - **民士达**: Earnings per share of 0.6200, net profit of 9,117.17 million, a year-on-year increase of 28.88%, and revenue of 34,335.35 million, up 21.77% [1] - **天安新材**: Earnings per share of 0.3240, net profit of 9,753.97 million, a year-on-year increase of 21.47%, and revenue of 227,340.62 million, up 3.47% [1] - **国邦医药**: Earnings per share of 1.2100, net profit of 67,024.26 million, a year-on-year increase of 15.78%, and revenue of 446,988.44 million, up 1.17% [1] - **佛燃能源**: Earnings per share of 0.3200, net profit of 49,030.67 million, a year-on-year increase of 6.07%, and revenue of 2,350,147.41 million, up 5.38% [1] - **康华生物**: Earnings per share of 1.4553, net profit of 18,911.07 million, a year-on-year decrease of 53.41%, and revenue decreased by 20.78% to 84,006.26 million [1] - **茂硕电源**: Reported a loss with earnings per share of -0.1624, net loss of 5,792.09 million, and revenue increased by 2.95% to 94,519.57 million [1] - **博世科**: Reported a loss with earnings per share of -0.4000, net loss of 21,224.60 million, but revenue increased by 27.10% to 151,235.47 million [1]

Group 1 - The core point of the article is that *ST Lingda held its 29th meeting of the sixth board of directors on October 16, 2025, to review the Q3 2025 report and other documents [1] - For the first half of 2025, *ST Lingda's revenue composition was as follows: EPC engineering business accounted for 84.73%, photovoltaic power generation business accounted for 13.84%, and other businesses accounted for 1.43% [1] - As of the time of reporting, *ST Lingda's market capitalization was 3 billion yuan [1]