锦盛新材证券部相关人士在接受《中国经营报》记者采访时表示："目前该事件未对公司正常运转造成 影响。" 9月12日晚间，锦盛新材（300849.SZ）发布公告称，公司及相关人员于近日收到中国证券监督管理委员 会浙江监管局出具的警示函。此前，浙江证监局在现场检查中发现锦盛新材存在混同管理实控人控制企 业、未及时披露关联交易等多项违规问题。 中经记者 陈家运 北京报道 值得注意的是，今年6月27日，锦盛新材还因涉嫌信息披露违规违法，被证监会立案。短时间接连引发 监管关注，公司内部控制和合规管理状况，引发市场关注。 多项违规 8月25日晚间，锦盛新材发布2025年半年度报告。报告期内，公司实现营业收入1.51亿元，同比下降 9.33%；归属于上市公司股东的净利润为-879.65万元，同比下降1663.95%；扣除非经常性损益后的净利 润为-1094.79万元，同比下降46.37%。 财报显示，上半年锦盛新材内销较上年同期减少846.89万元，同比下降7.30%，外销较上年同期减少 706.01万元，同比下降13.98%。公司解释称，内销收入下降主要系部分玻璃瓶业务净额法核算影响，外 销收入下降则主要受宏观环境影响。 ...

Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. has been criticized by the Shenzhen Stock Exchange for violations related to its construction contract with Zhejiang Hongxiang Construction Co., Ltd. and the subsequent handling of related transactions [1][2][3]. Group 1: Violations and Transactions - On December 6, 2021, Jinsong New Materials signed a construction contract with Hongxiang Construction for a project worth 118 million yuan, which was later increased to 150 million yuan in December 2022 [1][7]. - The actual transaction amounts between Jinsong New Materials and Hongxiang Construction from 2022 to 2024 were 120 million yuan, 30 million yuan, and 2.8259 million yuan, representing 17.58%, 4.65%, and 0.45% of the company's audited net assets for the respective years [1][7]. - Jinsong New Materials recognized the transactions with Hongxiang Construction as related transactions in April 2025, which met the standards for shareholder meeting review and disclosure in 2022 and 2023, respectively [2][3]. Group 2: Accountability and Disciplinary Actions - The chairman, general manager, financial director, and board secretary of Jinsong New Materials failed to fulfill their duties and obligations, leading to significant responsibility for the company's violations [3][8]. - The Shenzhen Stock Exchange decided to issue a public reprimand to Jinsong New Materials and the aforementioned executives for their roles in the violations [3][9]. - The violations will be recorded in the company's integrity file by the Shenzhen Stock Exchange [4][10].

登录新浪财经APP 搜索【信披】查看更多考评等级 长江商报消息 ●长江商报记者 徐佳 因信披问题，锦盛新材（300849.SZ）一日内收到两张罚单。 日前，锦盛新材披露公司收到浙江证监局警示函，因未及时披露关联交易事项等三大问题，公司及五名 高管被出具警示函。 不仅如此，同样因未及时披露关联交易问题，深交所也对锦盛新材及五名相关当事人给予通报批评的处 分。 长江商报记者注意到，2022年至2024年，锦盛新材曾与关联方实际发生交易金额共计1.5亿元，直至 2025年4月，公司才追认该交易为关联交易，被监管部门指出其未按规定及时履行审议程序以及信息披 露义务。 因信披问题被罚，锦盛新材当前还面临业绩难题。 2020年在创业板上市之后，2022年锦盛新材陷入亏损。2022年至2025年上半年，锦盛新材实现归属于上 市公司股东的净利润（以下简称"净利润"）合计为亏损7782.84万元。 近期，锦盛新材宣布，公司拟将IPO募投项目"年产6000万套化妆品包装容器建设项目"达到预定可使用 状态的时间延长至2026年9月1日，较原计划时间延长一年。 因三大问题被出具警示函 2025年6月，因涉嫌信息披露违法违规，中国证监 ...

Market Overview - On September 15, the cosmetics sector declined by 0.18%, with Huaye Fragrance leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Individual Stock Performance - Notable gainers included: - Jinsong New Material (300849) with a closing price of 14.48, up 3.72% and a trading volume of 121,800 shares, totaling 179 million yuan [1] - Lafang Home (603630) closed at 28.58, up 2.11% with a trading volume of 71,300 shares, totaling 200 million yuan [1] - Notable decliners included: - Huaye Fragrance (300886) closed at 29.66, down 1.79% with a trading volume of 18,400 shares, totaling 55.05 million yuan [2] - Marubi Biological (603983) closed at 39.95, down 1.36% with a trading volume of 13,900 shares, totaling 55.49 million yuan [2] Capital Flow Analysis - The cosmetics sector experienced a net outflow of 83.38 million yuan from institutional investors, while retail investors saw a net inflow of 76.42 million yuan [2] - The overall capital flow for individual stocks showed: - Jinsong New Material had a net inflow of 18.50 million yuan from institutional investors, accounting for 10.31% of its total [3] - Huaye Fragrance had a net outflow of 4.23 million yuan from institutional investors, accounting for 6.58% of its total [3]

Core Insights - The beauty packaging industry is facing significant challenges in 2025, impacting both upstream and downstream companies [1] - Among 12 listed beauty packaging companies, half reported revenue and profit growth, while others experienced declines, highlighting a widening gap between companies [1][10] - The competitive landscape is fragmented, with revenue disparities exceeding 50 times between the largest and smallest companies [1] Revenue Performance - The top tier companies (revenue over 5 billion) include Yutong Technology, Zijiang Enterprise, and Hexing Packaging, with Yutong and Zijiang achieving revenue growth, while Hexing saw a decline of 9.52% [5][10] - The second tier (revenue between 1 billion and 5 billion) companies, including Yongxin Co., Zhongrong Co., and Lihua Technology, all reported revenue growth, with Zhongrong achieving double-digit growth [5][10] - The third tier (revenue between 500 million and 1 billion) companies, such as Shanghai Ailu, Xianggang Technology, and Jiahen Household, also showed revenue increases, with Xianggang achieving a notable growth rate of 43.76% [6][8] - The fourth tier (revenue between 100 million and 500 million) companies, including Longlide, Baixinglong, and Jinsong New Materials, displayed significant revenue differences, with Longlide growing by 20.71% while Baixinglong and Jinsong experienced declines [8][10] Profitability Analysis - Among the 12 companies, only Jinsong New Materials and Jiahen Household reported net losses, while the rest remained profitable [10] - Jinsong's net profit plummeted by 1664%, attributed to declines in both domestic and international sales, alongside rising fixed costs [14][19] - In contrast, Xianggang Technology's net profit surged by 432%, driven by market expansion and operational efficiency improvements [14][15] - Half of the companies experienced a decline in gross profit margins, with Jiahen Household's margin dropping nearly 24 percentage points [3][16] Cost and Margin Challenges - The majority of companies reported gross margins between 10% and 30%, with Baixinglong achieving the highest at 36.5% [16] - Jiahen Household's gross margin decline was primarily due to increased fixed costs and a shift towards lower-margin products [20] - Shanghai Ailu faced similar challenges, with rising raw material costs and stagnant revenue growth leading to a significant drop in net profit [20] Strategic Insights - Companies are increasingly focusing on R&D investments, with most maintaining a sales-to-R&D expense ratio of less than 1, indicating a commitment to innovation [21] - The need for supply chain upgrades is critical as consumer demands evolve, and failure to meet these demands could result in customer loss [28][29] - The industry is experiencing pressure from raw material price fluctuations, competitive pricing, and environmental regulations, necessitating strategic adjustments for survival [29][30] - Long-term success in the packaging industry will favor companies with integrated service capabilities and technological barriers, while those relying on single product lines must adapt to avoid obsolescence [15][31]

深圳证券交易所对锦盛新材及董事长阮荣涛、总经理阮棋江、财务总监黄芬、董事会秘书刘振毅、时任 财务总监兼董事会秘书段刘滨给予通报批评处分，并记入上市公司诚信档案。 南方财经9月15日电，锦盛新材(300849.SZ)公告，公司与浙江宏祥建设工程有限公司于2021年12月6日 签订《建设工程施工合同》，合同总金额（含税）为11800万元，用于年产6000万套化妆品包装容器建 设项目。2022年12月22日，双方签署《合同金额变更补充协议》，将合同金额增加至15000万元。宏祥 建设与锦盛新材董事长阮荣涛的侄子阮某炎签署协议，将项目交由阮某炎承包，宏祥建设负责工程安全 质量保证及资金进出管理，阮某炎负责具体施工。 2022年至2024年，锦盛新材与宏祥建设实际发生交易金额分别为12000万元、3000万元、282.59万元， 占2021年至2023年锦盛新材经审计的归属于上市公司股东的净资产的比例分别为17.58%、4.65%、 0.45%。锦盛新材于2025年4月追认上述交易为关联交易，其中2022年交易金额达到股东大会审议标 准，2023年交易金额达到披露标准，但公司未按规定及时履行审议程序及信息披露义务。 ...

Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. received a warning letter from the Zhejiang Securities Regulatory Bureau due to issues related to improper disclosure of related party transactions and misuse of raised funds [1][2]. Group 1: Regulatory Issues - The warning letter highlighted that Jinsong New Materials failed to use raised funds strictly according to the investment projects outlined in the prospectus [1]. - The company mixed management with enterprises controlled by its actual controller [1]. - There were delays in the review process for related party transactions, and the company did not disclose these transactions in a timely manner, leading to incomplete and inaccurate reporting in periodic reports [1]. Group 2: Related Party Transactions - In December 2021, Jinsong New Materials signed a construction contract with Zhejiang Hongxiang Construction Engineering Co., Ltd. for 118 million yuan, which was later increased to 150 million yuan due to changes in project scope [1]. - The project was part of the IPO fundraising projects that were altered after the company went public in 2020 [1]. - The project was contracted to the nephew of the actual controller, indicating potential conflicts of interest [2]. Group 3: Recommendations for Improvement - Experts suggest that companies should enhance internal control systems and improve the performance of independent directors to avoid unclear identification of related transactions [3]. - It is recommended to include more types of potential related parties in disclosure requirements and to implement multi-level approval mechanisms for significant transactions to ensure independence and transparency [3]. - Independent directors and external audit institutions should focus on enhancing the completeness and fairness of information disclosure during regular reporting and auditing processes [3].

警示函显示，锦盛新材存在的问题如下：一是募集资金未严格按照招股说明书所列投资项目区分使用； 二是混同管理实控人控制的企业；三是未及时履行关联交易审议程序、未及时披露关联交易事项，且未 在定期报告中真实、准确、完整披露。 9月12日晚间，浙江锦盛新材（300849）料股份有限公司(以下简称"锦盛新材")披露公告称，公司及相 关人员于近日收到了浙江证监局下发的警示函。 公司相关负责人向《证券日报》记者回应称，公司高度重视监管意见，内部将认真开展整改，从严进行 关联方识别，进一步提升规范运作意识，完善内部控制，提升信息披露质量，切实维护公司及全体股东 的合法权益。 2025年6月27日，锦盛新材收到证监会下发的《立案告知书》，因涉嫌信息披露违规违法，证监会决定 对公司立案调查。 盘古智库高级研究员余丰慧在接受《证券日报》记者采访时表示："上市公司出现关联交易未及时披露 的情况，通常与公司治理和内部控制存在不足有关，如对关联方认定标准模糊，或审批流程未能严格执 行，从而增加了合规风险。此类情况若处理不当，会削弱投资者对公司透明度和规范性的信任度。" "上市公司需将合规视为长期竞争力，在制度和执行两个层面不断改进。董事 ...

Group 1 - The company received a warning letter from the Zhejiang Securities Regulatory Bureau due to issues related to the improper use of raised funds, failure to disclose related party transactions in a timely manner, and inaccuracies in periodic reports [1] - The company is committed to addressing the issues highlighted in the warning letter by enhancing internal compliance and improving the quality of information disclosure to protect shareholder interests [1] Group 2 - The company specializes in the research, production, and sales of cosmetic plastic packaging containers, with key products including cream jars and lotion bottles [2] - The company's IPO fundraising projects included a technical transformation project to increase production capacity by 15 million sets of cosmetic packaging containers and a new project to produce 45 million sets, utilizing funds of 92.22 million yuan and 200.63 million yuan respectively [2] - The company has fully utilized its IPO funds by the end of 2023, and all fundraising accounts have been closed [2] Group 3 - The company has established stable and long-term relationships with well-known cosmetic brands such as Estée Lauder and Shanghai Jahwa, leveraging its product quality and management capabilities to attract high-end clients [3] - The global cosmetic packaging market is projected to grow from 30.055 billion USD in 2024 to 36.206 billion USD by 2028, indicating strong growth potential driven by demand for personalized and high-end designs [3] - The rise of domestic brands through social e-commerce platforms like Douyin presents structural growth opportunities for domestic cosmetic packaging companies, which may further expand the company's development space as its fundraising projects come online [3]

Group 1 - Yishitong plans to repurchase shares worth between 30 million to 55 million yuan at a price not exceeding 40.69 yuan per share, intended for employee stock ownership plans or equity incentives [1] - Guoyao Modern's subsidiary has received approval for a sodium bicarbonate injection to increase specifications and pass consistency evaluation [2] - Xinjing plans to reduce its shareholding by up to 1.2 million shares, accounting for 0.78% of the total share capital, between October 14, 2025, and January 13, 2026 [2] Group 2 - Jinfeikeda intends to apply for an additional credit limit of up to 60 million yuan from Jiangsu Financial Leasing [3] - Boshi Co. signed a project contract worth 235 million yuan with Guoneng Yulin Chemical for a three-year service period starting from October 31, 2025 [4] - Luan Energy reported a coal sales volume of 3.78 million tons in August, a decrease of 13.70% year-on-year [6] Group 3 - Shengnong Development achieved sales revenue of 1.857 billion yuan in August, a year-on-year increase of 19.11% [8] - Huading Co. plans to transfer 9.26% of its shares through public solicitation of transferees [10] - China Metallurgical Group's new contract amount from January to August decreased by 18.2% year-on-year, totaling 679.57 billion yuan [12] Group 4 - Longjing Environmental plans to invest approximately 3.99 billion yuan in the construction of a hydropower station project in the Democratic Republic of the Congo [14] - Longjing Environmental also plans to invest 2.391 billion yuan in an integrated energy station project, expected to be operational by the second quarter of 2026 [15] - Transsion Holdings has set the transfer price for its shares at 81.81 yuan per share, with a subscription rate of 1.15 times [17] Group 5 - Sinopec Oilfield Services won a bid for a natural gas pipeline project with a contract value of 858 million yuan [18] - Huaitian Thermal Power received a warning letter from the Liaoning Securities Regulatory Bureau for information disclosure violations [20] - China Nuclear Engineering signed new contracts totaling 96.633 billion yuan as of August [22] Group 6 - Shanghai Mechanical plans to publicly transfer 67% of its stake in Simic Welding Materials, with an estimated value of 291 million yuan [24] - Zhongke Environmental appointed Tang Xia as the new deputy general manager [26] - Baiyang Pharmaceutical signed a strategic cooperation agreement with Jikun Pharmaceutical for a drug project [28] Group 7 - Jinsong New Materials received a warning letter from the Zhejiang Securities Regulatory Bureau for fundraising irregularities [27] - Weitang Industrial obtained a national invention patent for a battery tray welding deformation control device [29] - Dongsoft Carrier secured two national invention patents related to energy management and voltage regulation circuits [30] Group 8 - Lian De Equipment won a bid for the BOE AMOLED production line project with a total amount of 201 million yuan [31] - Jingjiawei signed a strategic cooperation agreement with Anchaoyun to develop high-performance cloud desktop solutions [32] - Chuaning Biological received approval for a 1 billion yuan medium-term note registration [34] Group 9 - Jifeng Co. plans to reduce its shareholding by up to 2% through block trading [36] - Taihe Intelligent plans to transfer 5.79% of its shares to Sunshine New Energy Development Co., Ltd. [36] - Yangmei Chemical will change its stock name to "Luhua Technology" starting September 17, 2025 [38] Group 10 - ST Songfa's subsidiary signed contracts for the construction of four container ships, with a total value of approximately 300 to 500 million USD [40] - Green Energy Huichong plans to establish a joint venture with Xianyang Economic Development Group with a registered capital of 250 million yuan [42] - Baiyao Tai received a milestone payment of 5.4 million USD from Intas Pharmaceuticals [38]