Core Viewpoint - The company *ST Lingda is facing significant financial and operational challenges, including a lack of actual control, ongoing litigation, and a substantial decline in revenue and profit, which raises concerns about its future viability and potential bankruptcy [1][5][6]. Financial Performance - In 2024, *ST Lingda reported a revenue of 61.15 million yuan, a year-on-year decrease of 92.71% [3]. - The net profit attributable to shareholders was -950 million yuan, representing a 262.42% year-on-year decline [3]. Corporate Governance and Control - The company has no actual controlling shareholder following the judicial transfer of shares from its original major shareholder to settle debts [5][6]. - Wang Mingsheng, the legal representative, has significant stakes in related entities but is indirectly linked to *ST Lingda [2][3]. Legal and Operational Issues - The company is under consumption restrictions due to a financing lease dispute with Haier Financing Leasing Co., Ltd., involving an amount of approximately 11.69 million yuan [2]. - *ST Lingda is involved in multiple lawsuits and has been subject to regulatory scrutiny for information disclosure violations [1][2]. Restructuring Efforts - The pre-restructuring process for *ST Lingda has been ongoing for over a year, with no clear resolution in sight [1][5]. - The company is coordinating financial arrangements to address its obligations and mitigate impacts on its reputation and financing capabilities [2]. Subsidiary Challenges - The subsidiary Jinzhai Jiayue has faced operational difficulties, including cash flow issues and halted production of PERC-type solar cells [4]. - Jinzhai Jiayue has also been involved in legal disputes and has announced the termination of its second-phase TOPCon battery production project [4].

Summary of Key Points Core Viewpoint - The report highlights the salary trends of CFOs in A-share listed companies for 2024, indicating a total compensation of 4.27 billion yuan and an average salary of 814,800 yuan, with significant variations across industries and individual companies [1][3]. Salary Distribution - The total salary for CFOs in A-share listed companies reached 4.27 billion yuan, with an average salary of 814,800 yuan [1]. - In the public utility and power sector, the average salary for CFOs is approximately 743,800 yuan, with the highest being 1.90 million yuan for Liu Xiaojun of JinkoSolar and the lowest at 202,900 yuan for Xie Jingyuan of *ST Lingda [1]. - The majority of CFOs (61%) earn between 500,000 and 1 million yuan [1]. Age Structure - The average age of CFOs is approximately 49.58 years, with the most common age group being 40-49 years, comprising 39% of the total [3]. - The oldest CFOs are Zhou Hui of Linyang Energy and Zhu Yunshao of Shaoneng Co., both aged 57, while the youngest is Liu Zhenxin of Jiuzhou Group at 40 years old [3]. Educational Background - The educational distribution shows 3 PhDs, 19 Master's degrees, 30 Bachelor's degrees, and 5 Associate degrees, with corresponding average salaries of 1.11 million yuan, 860,200 yuan, 683,000 yuan, and 532,700 yuan respectively, indicating a positive correlation between education level and salary [5]. - Notable high-earning PhD CFOs include Zhou Changxin of Guotou Power and Zhan Pingyuan of Changjiang Power, with salaries exceeding 1 million yuan [5]. Performance and Compensation Relationship - There are instances of salary increases for CFOs despite declines in company performance, such as Liu Xijin of Jiawei New Energy, whose salary rose by 107% while the company's net profit fell by 1.84 billion yuan [7]. - The report notes that 5 CFOs received warnings or public notifications for violations in 2024-2025 [7]. Violations and Warnings - Specific cases of CFOs receiving warnings include Liu Dongmei of Meiyan Jixiang, who received 4 warnings related to improper financial disclosures, with a salary of 639,500 yuan [8]. - Other CFOs, such as Xia Xueling of Ningbo Energy and Gu Zhonglin of Jiangsu Guoxin, also faced warnings for various compliance issues, with salaries of 720,400 yuan and 691,200 yuan respectively [9][10].

Core Viewpoint - *ST Lingda is facing significant financial and operational challenges, including a lack of actual control, ongoing litigation, and a slow restructuring process, which may lead to bankruptcy if unresolved [1][5][6]. Financial Performance - In 2024, the company reported revenue of 61.15 million yuan, a year-on-year decline of 92.71% [3]. - The net profit attributable to shareholders was -950 million yuan, a decrease of 262.42% year-on-year [3]. Restructuring and Legal Issues - The company and its legal representative, Wang Mingsheng, are under consumption restrictions due to a financing lease dispute with Haier Financing Leasing Co., Ltd., involving approximately 11.69 million yuan [2]. - The pre-restructuring process has been ongoing for over a year, with the company lacking an actual controlling shareholder after the original shareholder's equity was transferred to settle debts [1][6]. - The company has multiple ongoing lawsuits and has been under investigation by the China Securities Regulatory Commission for information disclosure violations [1][2]. Operational Challenges - The subsidiary, Jinzai Jiayue, has faced operational difficulties, including cash flow issues and a halt in production since March 14, 2024, due to funding challenges [4]. - The company announced the termination of the second phase of the TOPCon battery production project on March 31, 2025, due to ongoing financial strain [4]. - A second subsidiary, Golmud Shenguang New Energy Co., Ltd., experienced a temporary shutdown of its photovoltaic power station project due to safety issues [4]. Management Background - Wang Mingsheng has extensive experience in the renewable energy sector, having held various leadership positions in multiple companies prior to his current role at *ST Lingda [3].

| | | 8月8日A股投资避雷针 | | | --- | --- | --- | --- | | 类别 | 公司 | 主要内容 | | | 股东减持 | 伟隆股份 | 惠隆管理拟减持不超0.7664%股份 | | | | 共创草坪 | 创享投资、王强众拟各自减持不超过0.37%和0.43%股份 | | | | 恒立液压 | 申诺科技拟减持不超过3%公司股份 | | | | 沧州明珠 | 君悦日新17号拟减持不超过1%股份 | | | | 恒基达鑫 | 控股股东拟减持不超过3%股份 | | | | 宏盛股份 | 常州中科拟减持不超过2.8594%股份 | | | | 咸亨国际 | 高盛亚洲战略拟减持不超过3%股份 | | | | 学能科技 | 上杭兴源拟减持不超过1.9832%股份 | | | | 三未信安 | 中网投拟减持不超过114万股 | | | | 星网宇达 | 控股股东迟家升累计减持129.86万股 | | | | 中研股份 | 王秀云拟减持不超过1%股份 | | | | 瑞丰银行 | 安途汽车拟减持不超过1.2%股份 | | | 其他 | *ST岭达 | 公司及子公司及其法定代表人被限制消费 | ...

Group 1 - The company *ST Lingda (300125.SZ) and its legal representative Wang Mingsheng, along with its wholly-owned subsidiary Jinzai Jiayue New Energy Technology Co., Ltd. and its legal representative Liu Enlu, have been restricted from consumption [1] - The restriction is a result of a financing lease contract dispute with Haier Financial Leasing Co., Ltd., involving an amount of approximately RMB 11.69 million [1]

Core Viewpoint - *ST Lingda (300125.SZ) is facing consumption restrictions due to a court ruling related to a financing lease contract dispute with Haier Financial Leasing Co., Ltd., involving an amount of approximately RMB 11.69 million [1] Group 1 - The company and its legal representative, Wang Mingsheng, along with its wholly-owned subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., and its legal representative, Liu Enlu, have been restricted from consumption [1] - The consumption restriction is a result of the company's failure to fully fulfill payment obligations as per the court's judgment [1] - The company is actively coordinating financial arrangements to resolve the issue [1]

关于 聆达集团股份有限公司详式权益变动报告书 之 2025 年二季度持续督导意见 财务顾问 二零二五年八月 中天国富证券有限公司 1 杭州光恒昱于 2023 年 4 月 17 日将所持公司 3,507 万股无限售流通股质押给 嘉悦同盛，为铜陵正丰与嘉悦同盛签订的《借款合同》提供质押担保。因债务人 铜陵正丰未能及时清偿到期借款利息，且质押股票价值持续降低并触发风控措施， 而债务人未能依约追加债权人认可的足额担保物，因此债权人嘉悦同盛正式发函 解除合同，宣布债权到期并要求还款。2025 年 1 月 17 日，安徽省铜陵市中级人 民法院出具《拍卖通知书》（案号：（2025）皖 07 执 1 号），安徽省铜陵市中级人 民法院于 2025 年 2 月 27 日在淘宝网司法拍卖网络平台上公开拍卖杭州光恒昱 所持上市公司 3,507 万股无限售流通股。2025 年 2 月 28 日，杭州光恒昱持有的 上市公司 3,507 万股无限售流通股因无人出价已流拍。2025 年 3 月 7 日，安徽省 铜陵市中级人民法院作出《执行裁定书》【（2025）皖 07 执 1 号之一】，裁定如下： 将被执行人杭州光恒昱持有的 3,507 万 ...

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-084 附件： 公司第六届监事会由3名监事组成，其中职工代表监事1名。为保证公司监事 会的正常运作，根据《公司法》《深圳证券交易所上市公司自律监管指引第2号 ——创业板上市公司规范运作》和《公司章程》等相关规定，公司监事会选举刘 艳女士为公司第六届监事会主席，任期自本次监事会审议通过之日起至第六届监 事会任期届满之日止（2026年5月21日）。刘艳女士的简历详见附件。 特此公告。 聆达集团股份有限公司 监事会 2025 年 8 月 7 日 聆达集团股份有限公司 关于选举监事会主席的公告 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。 聆达集团股份有限公司于2025年8月7日召开第六届监事会第二十三次会议， 审议通过了《关于选举公司第六届监事会主席的议案》，现将相关情况公告如下： 刘艳女士简历： 刘艳女士，1993 年 11 月出生，中国国籍，无境外居留权，本科学历，金融 学学士学位。2016 年 7 月至 2022 年 7 月历任中国工商银行股份有限公司金寨支 行运营主管、业务发展部客户经理， ...

聆达集团股份有限公司 本议案经表决，以 3 票同意，0 票反对，0 票弃权获得通过。 特此公告。 第六届监事会第二十三次会议决议公告 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。 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监事会第二十三次会议。本次会议通知于2025年8 月4日以电子邮件、微信等通讯方式送达，会议于2025年8月7日上午以现场与通 讯表决相结合的方式召开，会议应出席监事3人，实际出席监事3人，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 议由全体监事共同推举职工代表监事唐政先生主持会议，经与会监事认真审议， 形成如下决议： 一、审议通过了《关于选举公司第六届监事会主席的议案》 经审核，监事会认为：因前任监事会主席吕海龙先生任期内辞职，根据公 司工作需要，同意选举刘艳女士为公司第六届监事会主席，任期自本次监事会 审议通过之日起至第六届监事会任期届满之日止（2026年5月21日）。 证券代码：300125 证券简称：*ST 聆达 公告编号：2025-083 ...

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-082 聆达集团股份有限公司 1、执行案号：(2025)鲁 0202 执 343 号《限制消费令》 2、申请执行人：海尔融资租赁股份有限公司 3、被执行人：聆达集团股份有限公司、金寨嘉悦新能源科技有限公司 4、限制消费对象： 聆达集团股份有限公司及其法定代表人王明圣 金寨嘉悦新能源科技有限公司及其法定代表人刘恩禄 关于公司及子公司及其法定代表人被限制消费的公告 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）近日通过中国执行信息公开网（h ttp://zxgk.court.gov.cn）查询获悉，公司及其法定代表人王明圣先生、全资子公司 金寨嘉悦新能源科技有限公司及其法定代表人刘恩禄先生被限制消费，公司现将 相关情况公告如下： 一、《限制消费令》基本情况 。 二、被限制消费情况原因 本次限制消费措施系公司与海尔融资租赁股份有限公司的融资租赁合同纠 纷（涉案金额约人民币 1,169 万元）经法院判决后，因未完全履行付款义务所致。 目前公司正积极协调资金安排推 ...