Core Viewpoint - Langjin Technology has been penalized for failing to disclose non-operational fund occupation by related parties, resulting in a total fine of 10.15 million yuan for the company and five executives [1][5]. Group 1: Regulatory Actions - The Shandong Securities Regulatory Bureau issued an administrative penalty decision due to Langjin Technology's failure to timely disclose non-operational fund occupation by related parties, amounting to 415 million yuan [3][4]. - The company and its executives received a total fine of 10.15 million yuan, with specific penalties for the chairman and actual controller, Li Jingmao, amounting to 4.4 million yuan [5][6]. Group 2: Financial Impact - In the first half of 2024, the non-operational fund occupation amounted to 86.487 million yuan, with a remaining balance of 2.487 million yuan as of June 30, 2024, representing 0.28% of the net assets disclosed in the half-year report [3]. - For the period from July 2024 to July 2025, the total non-operational fund occupation reached 328.7193 million yuan, which was not disclosed in a timely manner [4]. Group 3: Company Performance - Langjin Technology specializes in the research, production, and sales of air conditioning systems for rail transit vehicles and new energy vehicles, among other products [8]. - For the first three quarters of the previous year, the company reported revenue of 536 million yuan, a year-on-year decrease of 8%, and a net loss attributable to shareholders of 14 million yuan, although the loss amount has narrowed compared to the previous year [8].

Core Viewpoint - Longjin Technology and several executives have been fined a total of 10.15 million yuan due to the failure to timely disclose non-operating fund occupation by related parties [2][6] Group 1: Regulatory Actions - Longjin Technology and its executives received a total fine of 10.15 million yuan from the Shandong Securities Regulatory Bureau for failing to disclose non-operating fund occupation by related parties [2][6] - The company was publicly reprimanded, and specific fines were imposed on executives, including 4.4 million yuan on the actual controller Li Jingmao [6] Group 2: Financial Misconduct Details - From February 2024 to July 2025, Longjin Technology and its subsidiaries had a total of 415 million yuan in non-operating fund occupation, which was not disclosed in a timely manner [4][5] - As of June 30, 2024, the balance of non-operating fund occupation was 2.487 million yuan, representing 0.28% of the net assets disclosed in the semi-annual report [4] Group 3: Company Performance - Longjin Technology reported a revenue of 536 million yuan for the first three quarters of the previous year, reflecting an 8% year-on-year decline, with a net loss of 14 million yuan, which was a narrowing of losses compared to the previous year [9] - As of January 15, the stock price was 22.63 yuan per share, down 2.46%, with a total market capitalization of 2.079 billion yuan [9]

Core Viewpoint - Langjin Technology (300594) has been penalized by the Shandong Securities Regulatory Commission for failing to timely disclose non-operating fund occupation by related parties, resulting in a total fine of 10.15 million yuan for the company and five executives [1][5]. Group 1: Regulatory Actions - The company and its executives received a total fine of 10.15 million yuan, with specific penalties including 2.5 million yuan for the company, 4.4 million yuan for the chairman and actual controller Li Jingmao, and additional fines for other executives [5]. - The company was publicly reprimanded by the Shenzhen Stock Exchange, alongside individual reprimands for several executives [5]. Group 2: Financial Misconduct Details - From February 2024 to July 2025, Langjin Technology and its subsidiaries engaged in non-operating fund occupation with related parties, totaling 415 million yuan [3][4]. - The company failed to disclose 86.487 million yuan of non-operating fund occupation from February to June 2024, with a remaining balance of 2.487 million yuan as of June 30, 2024, which constituted 0.28% of the net assets reported for the first half of 2024 [3]. - The total amount of non-operating fund occupation from July 2024 to July 2025 was 328.7193 million yuan, which was also not disclosed in a timely manner [4]. Group 3: Company Performance - In the first three quarters of the previous year, Langjin Technology reported revenue of 536 million yuan, reflecting an 8% year-on-year decline, and a net loss attributable to shareholders of 14 million yuan, although the loss amount has narrowed compared to previous periods [8]. - As of January 15, the company's stock closed at 22.63 yuan per share, down 2.46%, with a total market capitalization of 2.079 billion yuan [8].

Core Viewpoint - Longjin Technology and several executives were fined a total of 10.15 million yuan due to undisclosed non-operating fund occupation by related parties [2][9]. Group 1: Administrative Penalties - Longjin Technology was fined 2.5 million yuan and received a warning from the Shandong Securities Regulatory Bureau [8]. - The chairman and actual controller, Li Jingmao, was fined 4.4 million yuan, including 3 million yuan for being the actual controller and 1.4 million yuan for direct responsibility [8]. - Other executives, including the CFO Qiu Ruolong and general manager Li Jing'en, received fines of 1.2 million yuan and 1.05 million yuan respectively [8]. Group 2: Financial Misconduct - From February 2024 to July 2025, Longjin Technology and its subsidiaries had a total of 415 million yuan in non-operating fund occupation by related parties [5]. - The amount of non-operating fund occupation from February to June 2024 was 86.487 million yuan, with a remaining balance of 2.487 million yuan as of June 30, 2024, accounting for 0.28% of the net assets disclosed in the semi-annual report [5][6]. - The total amount of non-operating fund occupation from July 2024 to July 2025 was 328.7193 million yuan, which was not disclosed in a timely manner [5]. Group 3: Company Performance - Longjin Technology reported a revenue of 536 million yuan for the first three quarters of the previous year, a year-on-year decrease of 8% [12]. - The company recorded a net loss attributable to shareholders of 14 million yuan, with the loss amount narrowing year-on-year [12]. - As of January 15, the stock price of Longjin Technology was 22.63 yuan per share, down 2.46%, with a total market value of 2.079 billion yuan [13].

Group 1 - The Shenzhen Stock Exchange has imposed disciplinary actions on Langjin Technology for violations related to non-operating fund occupation by related parties, totaling approximately 415 million yuan from February 2024 to July 2025 [1] - From February to June 2024, the non-operating fund occupation amounted to 86.487 million yuan, with a balance of 2.487 million yuan as of June 30, 2024, representing 0.28% of the net assets disclosed in the semi-annual report [1] - Langjin Technology failed to timely disclose the related party non-operating fund occupation in its 2024 semi-annual report, which contained significant omissions [1] Group 2 - The total non-operating fund occupation from July 2024 to July 2025 was approximately 329 million yuan, which was also not disclosed in a timely manner [1] - As of August 2025, Langjin Technology has repaid the principal and interest related to the non-operating fund occupation [1] - The company received a public reprimand, and its actual controller, chairman, and other executives were also reprimanded or criticized for their roles in the violations [1] Group 3 - A new "affordable version" of the Tesla Model 3 may enter the Chinese market, priced under 200,000 yuan, with a range of 480 kilometers [2] - Adjustments in the autonomous driving sector are also occurring in the U.S. market, indicating potential shifts in the automotive industry [2]

证券代码：300594 证券简称：朗进科技 公告编号：2026-002 山东朗进科技股份有限公司 关于公司及相关当事人收到《行政处罚决定书》的公告 李敬茂，男，1962 年 8 月出生，朗进科技董事长、实际控制人，住址：北 京市***。 邱若龙，男，1980 年 4 月出生，明进科技时任财务总监、董事会秘书，住 址：山东省青岛市***。 李敬恩，男，1973 年 12 月出生，朗进科技总经理、副董事长，住址：北京 市***。 王绅宇，男，1984 年 3 月出生，朗进科技董事、副总经理，住址：山东省 青岛市***。 王智鑫，男，1984 年 1 月出生，朗进科技时任监事会主席，住址：山东省 青岛市***。 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，不存在虚 假记载、误导性陈述或重大遗漏。 山东朗进科技股份有限公司（以下简称"公司"或"朗进科技"）及实际控 制人之一李敬茂先生于 2025 年 8 月 27 日分别收到中国证券监督管理委员会（以 下简称"中国证监会"）下发的《立案告知书》（编号：证监立案字 0042025012 号、证监立案字 0042025013 号），根据《中华人民共和国证券法 ...

朗进科技公告，公司因未及时披露关联方非经营性资金占用行为，被山东证监局给予警告，并处以250 万元罚款。实际控制人之一李敬茂被罚款440万元，其中作为实际控制人罚款300万元，作为直接负责的 主管人员罚款140万元。时任财务总监、董事会秘书邱若龙被罚款120万元，总经理、副董事长李敬恩被 罚款105万元，董事、副总经理王绅宇及时任监事会主席王智鑫各被罚款50万元。 ...

Core Insights - The railway transportation equipment sector experienced a 1.57% increase on January 12, with Langjin Technology leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Sector Performance - Langjin Technology (300594) closed at 23.72, up 12.15% with a trading volume of 105,800 shares [1] - Jinchuan Group (603680) closed at 17.82, up 6.83% with a trading volume of 145,500 shares [1] - Zhonghe Technology (000925) closed at 9.79, up 6.18% with a trading volume of 1,172,100 shares [1] - Shenzhou High-speed Railway (000008) closed at 3.21, up 4.22% with a trading volume of 1,807,900 shares [1] - Tianzhizhi New Materials (688033) closed at 8.69, up 3.58% with a trading volume of 646,800 shares [1] - Bidetech (605298) closed at 45.20, up 3.48% with a trading volume of 47,200 shares [1] - Xianghe Industrial (603500) closed at 12.56, up 2.87% with a trading volume of 94,100 shares [1] - Yonghui Electric (300351) closed at 19.09, up 2.52% with a trading volume of 224,300 shares [1] - Tongye Technology (300960) closed at 25.98, up 2.40% with a trading volume of 32,100 shares [1] - China Railway Signal & Communication (688009) closed at 5.68, up 2.16% with a trading volume of 451,200 shares [1] Capital Flow - The railway transportation equipment sector saw a net inflow of 85.024 million yuan from institutional investors, while retail investors experienced a net outflow of 38.8308 million yuan [1] - Major stocks like China CRRC (601766) had a net inflow of 81.3475 million yuan, while Shenzhou High-speed Railway (000008) had a net inflow of 66.1107 million yuan [2] - Retail investors showed significant outflows in several stocks, including Shenzhou High-speed Railway with a net outflow of 6.43381 million yuan [2]

Core Viewpoint - The recent share transfer involving Langjin Technology indicates confidence from the core management team in the company's future development, which may enhance investor confidence [1][2]. Shareholder Changes - Zhejiang Economic Construction Investment Co., Ltd. plans to transfer 4.6 million shares (5.01% of total shares) of Langjin Technology to Qingdao Yuande Zhongyun Investment Enterprise (Limited Partnership) for a total price of 85.284 million yuan [1]. - After the transfer, Zhejiang Economic Construction's shareholding will decrease from 13.06% to 8.05%, while Qingdao Yuande Zhongyun will hold 5.01% of the shares, becoming a major shareholder [1]. Company Background - Langjin Technology, established in 2000, specializes in air conditioning for rail transit vehicles, new energy vehicles, and intelligent thermal management products [3]. - The company has a strong competitive edge in technology research and development, particularly in temperature control solutions [3]. Management and Control - Qingdao Yuande Zhongyun is primarily owned by Qingdao Qingxin Innovation Technology Co., Ltd., with significant shareholding from several key executives of Langjin Technology [2]. - The actual controller, Wang Shenyu, has been with Langjin Technology since 2010 and holds multiple managerial positions [2]. Market Performance - Langjin Technology's stock price has shown a significant increase, rising from a low of 15.80 yuan per share on December 15, 2025, to a high of 21.96 yuan per share on January 8, 2026, following the announcement of the share transfer [4].

Core Viewpoint - The announcement by Shandong Langjin Technology Co., Ltd. regarding the share transfer from Zhejiang Economic Construction Investment Co., Ltd. to Qingdao Yuande Zhongyun Investment Enterprise signifies a strategic shift in shareholder structure, with implications for governance and stability in the company [1][2]. Group 1: Share Transfer Details - Zhejiang Economic Construction Investment Co., Ltd. plans to transfer 4.6 million shares, representing 5.0069% of the total share capital, to Qingdao Yuande Zhongyun Investment Enterprise at a total price of 85.284 million yuan, equating to 18.54 yuan per share [1]. - Post-transaction, Zhejiang Economic Construction Investment's shareholding will decrease from 13.0614% to 8.0546%, while Qingdao Yuande Zhongyun will become a significant shareholder with over 5% ownership [1]. Group 2: Implications of the Transaction - The transaction does not involve a change in control of the company and is not expected to significantly impact governance or ongoing operations [2]. - The entry of Qingdao Yuande Zhongyun, closely linked to the company's management, is anticipated to stabilize the shareholding structure and enhance internal collaboration [2]. - The transfer requires approval from state asset supervision authorities and compliance review by the Shenzhen Stock Exchange, introducing some uncertainty regarding the completion of the share transfer [2].