证券代码：300225 证券简称：*ST金泰 公告编号：2025-108 上海金力泰化工股份有限公司 关于调整第八届董事会专门委员会委员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 上海金力泰化工股份有限公司（以下简称"公司"）于2025年10月22日召开了 第八届董事会第六十三次（临时）会议，审议通过了《关于调整公司董事会专门 委员会委员的议案》，现将有关事项公告如下： 公司原第八届董事会独立董事马维华先生因个人原因辞去公司独立董事职 务，同时一并辞去董事会专门委员会职务，具体内容详见公司于2025年7月18日 在巨潮资讯网上发布的《关于独立董事辞职的公告》（公告编号：2025-064）。 2025年9月12日，公司2025年第三次临时股东大会审议通过了《关于选举郭海楠 为第八届董事会独立董事的议案》，郭海楠先生正式当选为公司第八届董事会独 立董事。 为保证董事会专门委员会正常运行，根据《公司法》《公司章程》及公司董 事会各专门委员会工作细则等相关规定，董事会同意对公司董事会审计委员会及 薪酬与考核委员会组成人员进行调整，由独立董事郭海楠先生担任第 ...

证券代码：300225 证券简称：*ST金泰 公告编号：2025-107 上海金力泰化工股份有限公司 第八届董事会第六十三次（临时）会议决议公告 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。 一、董事会会议召开情况 1、上海金力泰化工股份有限公司（以下简称"公司"）于2025年10月19日 以电子邮件的方式发出了召开第八届董事会第六十三次（临时）会议的通知， 定于2025年10月22日召开第八届董事会第六十三次（临时）会议。 2、本次董事会会议应出席董事9名，实际出席董事9名；本次董事会会议于 2025年10月22日上午10:00以通讯方式召开并表决。 3、本次董事会会议由公司董事长郝大庆先生主持会议。本次董事会会议的 召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 二、董事会会议审议情况 本次会议与会董事经过认真审议，通过如下决议： 1、审议通过《关于调整公司董事会专门委员会委员的议案》 具体内容详见公司于2025年10月22日在巨潮资讯网上披露的《关于调整第 八届董事会专门委员会委员的公告》（公告编号：2025-108）。 表决结果： ...

Core Viewpoint - *ST Jintai (300225.SZ) is currently operating normally and aims to remove its special treatment status as a key focus for the year, actively taking relevant measures to achieve this goal [1] Group 1 - The company is currently operating normally [1] - Removing the special treatment status is one of the company's key tasks for the year [1] - The company is actively taking measures related to this goal, with specific details to be provided in official announcements [1]

证券代码：300225 证券简称：*ST 金泰 公告编号：2025-105 上海金力泰化工股份有限公司 关于公司股票被实施其他风险警示的进展公告 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。 重要内容提示： 1、公司聘请的中兴华会计师事务所（特殊普通合伙）对公司 2024 年度内部 控制的有效性进行了审计，并出具了否定意见内部控制审计报告。根据《深圳证 券交易所创业板股票上市规则》9.4 第（四）项的规定，最近一个会计年度财务 报告内部控制被出具无法表示意见或者否定意见的审计报告，或者未按照规定披 露财务报告内部控制审计报告的情形，对其股票交易实施其他风险警示。 2、根据《深圳证券交易所创业板股票上市规则》的相关规定，上市公司因 触及第 9.4 条第一项至第五项情形，其股票交易被实施其他风险警示期间，应当 至少每月披露一次进展公告，说明相关情形对公司的影响、公司为消除相关情形 已经和将要采取的措施及有关工作进展情况，直至相应情形消除，公司没有采取 措施或者相关工作没有进展的，也应当披露并说明具体原因。 3、公司因 2024 年度财务报表被出具了无法表示意见的 ...

上海金力泰化工股份有限公司 关于投资者诉讼事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、案件所处的诉讼阶段：一审审结 2、上市公司所处的当事人地位：被告 证券代码：300225 证券简称：*ST金泰 公告编号：2025-106 4、对公司损益的影响：对公司当期损益不产生影响 上海金力泰化工股份有限公司（以下简称"公司"）近日收到上海金融法院送 达的《民事判决书》（2025）沪74民初2983号（以下简称"《民事判决书》"）。 本案系上海金融法院依照《上海金融法院关于证券纠纷示范判决机制的规定》在 投资者诉公司等证券虚假陈述责任纠纷系列案件中依职权选定的示范案件。根据 《民事判决书》，上海金融法院对原告孙*龙、刘*菁、吴*福、潘*华、与被告公 司、袁翔、罗甸、严家华、景总法、汤洋、隋静媛证券虚假陈述责任纠纷案件做 出一审判决。现将有关情况公告如下： 一、诉讼的基本情况 1、2021年6月14日，公司披露了《关于总裁及控股子公司总经理增持股份计 划的公告》（公告编号：2021-036）：公司董事兼总裁袁翔先生及时任控股子公 司 ...

Group 1 - The law firm led by Xie Baoping has successfully obtained compensation for investors in multiple securities fraud cases, including Guangzhou Langqi and Tongzhou Electronics [1][2][3] - On September 1, 2025, investors in 000523 Guangzhou Langqi received compensation from a lawsuit against Guangzhou Hongmian Zhihui Technology Co., Ltd. [1] - On September 16, 2025, investors in 002052 Tongzhou Electronics received compensation from a lawsuit against Shenzhen Tongzhou Electronics Co., Ltd. [1] Group 2 - The law firm has received various court rulings and mediation agreements, indicating ongoing legal proceedings in multiple cases [2] - On September 2, 2025, a civil judgment was received for investors in 000796 Caesar Travel, with compensation expected soon [2] - On September 3, 2025, a second-instance judgment confirmed compensation for investors in 002052 Tongzhou Electronics [2] Group 3 - The law firm has been actively filing new cases against several companies for securities fraud [7][8][9] - On September 1, 2025, multiple cases were filed against companies including Shenzhen Derun Electronics and Zhejiang Dongni Electronics [7] - A total of 88 new cases were filed by the law firm in September 2025, indicating a significant increase in legal actions against companies for securities fraud [8][9]

Core Viewpoint - The rapid economic development in China has significantly enhanced consumer purchasing power, leading to a continuous expansion in automotive consumption demand, which in turn drives a substantial increase in the number of vehicles owned. This trend injects strong momentum into the automotive aftermarket, particularly benefiting the automotive repair paint industry, which is experiencing a period of rapid growth due to ongoing demand for vehicle maintenance, accident repairs, and personalized color changes. The market size of China's automotive repair paint industry is projected to reach approximately 22.647 billion yuan in 2024, representing a year-on-year growth of 11.98% [1][8]. Industry Overview - Automotive repair paint is a specialized coating material used to repair surface damage on vehicles, such as scratches, collisions, and corrosion. It is a significant branch of automotive coatings, categorized by functions including primer, putty, intermediate paint, color paint, and clear coat. Its core functions include restoring the vehicle's appearance, preventing corrosion and rust, protecting the substrate, and extending the vehicle's lifespan. According to industry standards, it must match the original factory paint and possess excellent adhesion, weather resistance, chemical corrosion resistance, and decorative properties while meeting environmental requirements [2][4]. Industry Chain - The upstream of the automotive repair paint industry chain primarily includes raw materials such as resins (e.g., epoxy resin, acrylic resin, polyurethane, phenolic resin), pigments (e.g., titanium dioxide, iron oxide, azo pigments), solvents (e.g., isopropanol, butanone, PMA), and additives (e.g., dispersants, emulsifiers, leveling agents, curing agents). The midstream involves the production and manufacturing of automotive repair paint, while the downstream is mainly applied in the automotive industry [4]. Market Size - The automotive repair paint industry size is influenced by various factors, including vehicle ownership, usage rates, traffic accident rates, and repair rates. With the gradual recovery of the global economy, vehicle ownership and usage rates have significantly increased, directly driving comprehensive growth in the automotive repair paint market. In 2024, the global automotive repair paint market size is expected to reach approximately 15.7 billion USD, with a year-on-year growth of 3.29% [7][8]. Key Enterprises - The competitive landscape of China's automotive repair paint industry is characterized by "international brands dominating the high-end market and domestic companies rising in the mid-to-low-end market." International giants such as PPG, Axalta, and BASF occupy a significant share of the high-end market, especially in luxury vehicles and 4S store channels. Domestic companies like Yatu and Donglai Technology leverage cost-performance advantages and digital color matching systems to capture a substantial share of the mid-to-low-end market while accelerating penetration into the high-end segment [9][10]. Industry Development Trends 1. **Green and Low-Carbon Technology**: Driven by the "dual carbon" strategy, the automotive repair paint industry in China is accelerating its transition towards low VOC, water-based, and high solid content formulations. Leading companies like Donglai Technology have implemented water-based processes that reduce energy consumption by 40%, while Jinlitai has achieved a 30% reduction in carbon emissions through low-temperature curing technology [12][13]. 2. **Intelligent and Digital Transformation**: Intelligent color matching systems, robotic spraying, and digital twin workshops are becoming standard in the industry. Donglai Technology's "Color Cloud" system has achieved global color formula sharing, improving repair efficiency by 50%. The application of 5G and industrial internet in companies like Yatu enables remote fault diagnosis and predictive maintenance [13]. 3. **Emerging Demand and Overseas Expansion**: The demand for high-adhesion and weather-resistant coatings is surging due to lightweight materials in new energy vehicles. Domestic companies are accelerating overseas expansion, with Yatu exporting products to nearly 100 countries and achieving significant localization in the Russian market. The industry is expected to form a multi-dimensional structure characterized by high-end market dominance by international brands, competition among domestic companies in the mid-to-low-end market, and expansion into emerging markets [14].

Core Viewpoint - ST Jintai (300225.SZ) faces a penalty of 4.6 million yuan from the China Securities Regulatory Commission (CSRC) for failing to disclose its 2024 annual report on time, violating the Securities Law of the People's Republic of China [2][5]. Group 1: Regulatory Actions and Company Response - The company received an administrative penalty notice due to the late disclosure of its annual report, which was attributed to management's decision to reject an audit report from Zhongxinghua Accounting Firm [4][5]. - ST Jintai's management stated that the company's normal operations have not been affected, and the management team remains stable [3][6]. - The company is under risk warning and has been labeled "*ST Jintai" due to the late disclosure of its annual report [6]. Group 2: Financial Performance - In the first half of 2025, ST Jintai reported revenue of 366.5 million yuan, a year-on-year increase of 5.66%, but the net profit attributable to shareholders decreased by 32.98% to 8.71 million yuan [8]. - The decline in net profit was attributed to the termination of cooperation with a strategic supplier, leading to increased bad debt provisions, and higher R&D expenses [8]. - The company experienced a significant turnaround in 2023, achieving a revenue of 735 million yuan, a 16.09% increase, and a net profit of 14.33 million yuan, marking a return to profitability [9].

Core Viewpoint - *ST Jintai has faced multiple regulatory penalties due to management's refusal to accept non-standard audit opinions, leading to delays in the disclosure of its 2024 annual report and subsequent fines totaling 4.6 million yuan [1][2][6]. Group 1: Regulatory Issues - The company was penalized 4.6 million yuan for failing to disclose its 2024 annual report on time, as management did not accept the audit firm's non-standard opinion [1][2]. - The Shanghai Securities Regulatory Bureau imposed a fine of 200,000 yuan on *ST Jintai, with additional fines of 100,000 yuan for the former chairman and 80,000 yuan each for two other executives [2][3]. - The company has a history of regulatory issues, including penalties for involvement in fictitious gold trading and misleading share buyback promises [6][7]. Group 2: Management Turmoil - Recent months have seen internal conflicts within the management, with the major shareholder, Hainan Dahe, attempting to convene an extraordinary shareholders' meeting to replace board members [3][5]. - A board member resigned shortly after being appointed, citing personal work commitments, and potential board candidates withdrew their nominations due to concerns over the company's delisting risk [4][5]. Group 3: Financial Performance - For the first half of 2025, *ST Jintai reported a revenue of 367 million yuan, a year-on-year increase of 5.66%, but the net profit attributable to shareholders fell by approximately 33% to 8.71 million yuan [8].

Core Viewpoint - *ST Jintai faces regulatory penalties for failing to disclose its annual report on time, highlighting significant internal management and governance issues within the company [2][4]. Group 1: Regulatory Issues - The Shanghai Securities Regulatory Bureau plans to issue a warning and impose a fine of 4.6 million yuan on *ST Jintai for not disclosing its annual report within the legal timeframe [2]. - The company’s failure to accept the audit report from Zhongxinghua Accounting Firm, which indicated a "disclaimer of opinion," led to the inability to complete and disclose the 2024 annual report [2][4]. Group 2: Internal Management and Governance - The incident reflects serious flaws in the company's internal management and decision-making processes, as senior management disregarded standard procedures when rejecting the audit report [2][4]. - The effectiveness of the company's internal controls is questioned, as the audit firm issued a negative opinion on the internal control report for 2024, indicating management chaos [2][3]. Group 3: Financial Irregularities - In 2024, *ST Jintai transferred a total of 931 million yuan to related trading companies and received back 930 million yuan, indicating unusual financial transactions that may suggest fund occupation or other violations [3]. - The company admitted to paying over 900 million yuan to trading partners as part of a "strategic inventory" measure, while the actual procurement amounted to only around 29 million yuan, showing a significant discrepancy in fund flow [4]. Group 4: Recommendations for Improvement - To address its current challenges, *ST Jintai needs to enhance internal management, improve decision-making mechanisms, and ensure compliance with governance standards [3][4]. - The company should actively cooperate with regulatory investigations and rectify identified issues to restore investor confidence and stabilize market perception [3][4].