证券代码：300875 证券简称：捷强装备 公告编号：2025-049 天津捷强动力装备股份有限公司 关于天津证监局对公司采取责令改正并对相关人员出具警示函 措施的整改报告 | 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。 | 天津捷强动力装备股份有限公司（以下简称"公司"）于 2025 年 11 月 19 日收到中国证券监督管理委员会天津监管局下发的《关于对天津捷强动力装备股 份有限公司采取责令改正并对潘峰、徐本友、潘淇靖、纪滋强采取出具警示函措 施的决定》（津证监措施〔2025〕第 39 号，以下简称"《决定书》"），要求 公司就《决定书》中所提出的问题进行整改。具体内容详见公司于 2025 年 11 月 19 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于收到天津证监局对公 司采取责令改正并对相关人员采取出具警示函措施的公告》（公告编号： 2025-047）。 收悉《决定书》后，公司董事会和管理层高度重视，立即向全体董事、高级 管理人员及相关部门人员进行了通报、传达，为及时消除该等违规行为带来的不 良影响，公司 ...

证券代码：300875 证券简称：捷强装备 公告编号：2025-050 天津捷强动力装备股份有限公司 第四届董事会第八次会议决议公告 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 天津捷强动力装备股份有限公司（以下简称"公司"）第四届董事会第八次 会议通知已于 2025 年 12 月 14 日通过书面方式送达。会议于 2025 年 12 月 17 日以现场结合通讯方式在公司会议室召开。本次会议应出席董事 9 名，实际出席 董事 9 名，其中副董事长毛建强先生，董事钟王军女士、夏恒新先生、郭俊鹏先 生，独立董事易宏先生、何锦成先生、方吉祥先生以通讯方式出席会议。本次会 议由董事长潘淇靖先生召集并主持，财务负责人纪滋强先生列席会议。本次会议 的召开和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"） 等法律、法规、规范性文件和《公司章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 与会董事审议通过如下议案： 天津捷强动力装备股份有限公司 董事会 2025 年 12 月 17 日 1、审议通过了《关于天津证监局对公司采 ...

从资金流向上来看，当日地面兵装板块主力资金净流出5452.53万元，游资资金净流出2.49亿元，散户资 金净流入3.03亿元。地面兵装板块个股资金流向见下表： 证券之星消息，12月11日地面兵装板块较上一交易日下跌0.83%，捷强装备领跌。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。地面兵装板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

证券代码：300875 证券简称：捷强装备 公告编号：2025-048 天津捷强动力装备股份有限公司 关于公司子公司之间提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 3、住所：上海市青浦区香花桥街道崧泽大道 10111 号 1 幢九层 9003 室 4、法定代表人：郭俊鹏 5、注册资本：1,774.50 万元人民币 天津捷强动力装备股份有限公司（以下简称"公司"或"捷强装备"）合并 报表范围内的子公司上海怡星机电设备有限公司（以下简称"上海怡星"）为满 足业务发展需要，与招商银行股份有限公司上海分行签署了《授信协议》，向银 行申请 1,500 万元授信额度，由捷强装备合并报表范围内的子公司木亥环保科技 （上海）有限公司（以下简称"木亥科技"）为上海怡星提供连带保证责任，并 于近日在上海签署了《最高额不可撤销担保书》。 根据《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》的相关规定，本次担保事项属于公司合并报表范围内子公司之间的担保， 担保方已履行了内部审议程序，无需提交公司董事会及股东会审议。 二 ...

业绩方面，2021年至2024年，捷强装备归母净利润分别为3099.48万元、-1742.56万元、-6790.42万元、-2.78亿元。2025年前三季度，该公司实现营收1.69亿 元，同比增长8.07%；归母净利润为-2319.08万元，同比下降146.20%。 经查，捷强装备存在资金管理、合同管理内部控制缺陷，未建立健全财务、会计管理制度。一是2022年9月至2025年3月捷强装备通过职工个人银行卡代收付 相关款项；二是捷强装备于2022年、2023年签订不真实业务合同并发生资金收支往来（未确认收入、成本）；三是捷强装备个别委外研发合同未按合同约定 执行，提前支付款项。 根据相关规定，天津证监局决定对捷强装备采取责令改正的行政监管措施。同时，捷强装备时任董事长、总经理潘峰、时任财务总监徐本友、董事长兼总经 理潘淇靖、财务总监纪滋强被出具警示函。 11月19日，天津捷强动力装备股份有限公司（以下简称"捷强装备"）发布公告称，收到中国证券监督管理委员会天津监管局（以下简称"天津证监局"）出具 的《关于对天津捷强动力装备股份有限公司采取责令改正并对潘峰、徐本友、潘淇靖、纪滋强采取出具警示函措施的决定》。 ...

Core Viewpoint - The company, Jieqiang Equipment, is facing severe operational deterioration and significant governance risks, leading to a critical situation for its future [1] Group 1: Internal Control Issues - The company has long-standing internal control deficiencies, including chaotic fund management, contract fraud, and lack of financial systems, which have persisted across management transitions [2] - The company received an administrative penalty from the Tianjin Securities Regulatory Bureau due to these internal control issues, with a mandate for rectification by November 2025 [2][3] - The internal control failures have been linked to a pattern of misconduct, including the use of personal accounts for transactions and signing of false contracts, which have exacerbated the company's vulnerabilities [3] Group 2: Financial Performance - The company's revenue fluctuated significantly from 2020 to 2024, with figures of 268 million, 198 million, 240 million, 293 million, and 138 million yuan, indicating instability [5] - The overall gross margin has declined from 59.61% in 2020 to -6.88% in 2024, reflecting a rapid deterioration in profitability [5] - The net losses have increased dramatically, with figures of 100 million, 31 million, -17 million, -68 million, and -278 million yuan from 2020 to 2024, showing a trend of escalating financial distress [5] Group 3: Cash Flow and Liquidity - The company has experienced continuous negative operating cash flow from 2022 to 2025, with cash flow figures of -123 million, 0, -36 million, and -100 million yuan [7] - As of the end of the third quarter of 2025, the company had only 83 million yuan in cash, a significant decrease from 218 million yuan in 2024 and 715 million yuan at the end of 2021, indicating a critical liquidity situation [8] Group 4: Governance and Market Perception - The company's major shareholder has indicated a lack of confidence in its future by reducing their stake, further clouding the company's outlook [9] - The combination of ongoing governance failures, declining gross margins, and shrinking cash reserves suggests a fundamental collapse of the company's business model [9]

Market Overview - The ground equipment sector increased by 0.35% compared to the previous trading day, with Galaxy Electronics leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up by 0.65%, while the Shenzhen Component Index closed at 13146.72, up by 1.25% [1] Individual Stock Performance - Galaxy Electronics (002519) closed at 5.65, with a rise of 9.92% and a trading volume of 1.1756 million shares, amounting to a transaction value of 663 million yuan [1] - National Science and Technology Year (688543) closed at 56.41, up by 4.37%, with a trading volume of 159,700 shares and a transaction value of 899 million yuan [1] - Tianzuo Equipment (300922) closed at 23.38, increasing by 1.70%, with a trading volume of 42,400 shares and a transaction value of approximately 99.16 million yuan [1] - Northern Navigation (600435) closed at 13.92, up by 1.38%, with a trading volume of 122,150 shares and a transaction value of 308 million yuan [1] - Other notable performances include: - Optoelectronics (600184) at 18.48, up by 0.49% [1] - Zhongbing Hongjian (000519) at 18.59, up by 0.27% [1] - Inner Mongolia First Machinery (600967) at 17.31, up by 0.23% [1] - Ganhuakegong (000576) at 10.39, unchanged [1] - Jieqiang Equipment (300875) at 45.40, down by 1.18% [1] - ST Emergency (300527) at 8.52, down by 1.27% [1] Capital Flow Analysis - The ground equipment sector experienced a net outflow of 395 million yuan from institutional investors, while retail investors saw a net inflow of 409 million yuan [2] - The capital flow for individual stocks shows: - National Science and Technology Year had a net inflow of 32.98 million yuan from institutional investors [3] - Northern Navigation saw a net inflow of 23.03 million yuan from institutional investors [3] - Galaxy Electronics had a net inflow of 14.37 million yuan from institutional investors [3] - ST Emergency experienced a significant net outflow of 32.69 million yuan from institutional investors [3] - Other stocks like Jieqiang Equipment and Optoelectronics also faced net outflows from institutional investors [3]

Market Overview - The ground armament sector experienced a decline of 0.64% on November 27, with Jieqiang Equipment leading the drop [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Individual Stock Performance - Jieqiang Equipment (300875) closed at 45.77, down 2.62% with a trading volume of 60,500 shares and a transaction value of 281 million yuan [2] - Changcheng Military Industry (601606) closed at 52.10, down 1.12%, with a trading volume of 530,000 shares and a transaction value of 2.786 billion yuan [2] - Other notable declines include: - Guangdian Co. (600184) down 0.92% [2] - Yinhe Electronics (002519) down 0.64% [2] - Beifang Navigation (600435) down 0.58% [2] Capital Flow Analysis - The ground armament sector saw a net outflow of 267 million yuan from institutional investors, while retail investors had a net inflow of 298 million yuan [2][3] - The capital flow for individual stocks showed: - Beifang Changlong (301357) had a net inflow of 37.35 million yuan from institutional investors [3] - Jieqiang Equipment (300875) experienced a net outflow of 15.57 million yuan from institutional investors [3] - Guangdian Co. (600184) had a net outflow of 14.01 million yuan from institutional investors [3]

Core Viewpoint - The company Jieqiang Equipment (300875.SZ) faces significant operational challenges and regulatory scrutiny despite its stock price performing well in the market. The company has been ordered to rectify internal control deficiencies and has experienced ongoing financial losses since its IPO in 2020 [2][3][4]. Regulatory Issues - Jieqiang Equipment received an administrative regulatory decision from the Tianjin Securities Regulatory Bureau due to internal control deficiencies, leading to warnings issued to four senior executives, including the chairman and general manager [2][5][6]. - The company has been found to have significant issues in financial and contract management, including improper use of employee personal bank accounts for transactions and signing of fictitious contracts [5][6]. Financial Performance - The company reported a loss of 0.23 billion yuan in the first three quarters of 2025, with cumulative losses of 3.86 billion yuan since 2022 [3][14]. - Since its IPO, Jieqiang Equipment has accumulated a net profit loss of 2.56 billion yuan, with a notable decline in profitability since 2021 [4][14]. Stock Market Performance - Despite the financial struggles, Jieqiang Equipment's stock has seen a significant increase, rising over 70% since the beginning of 2025, with a remarkable 2.2 times increase in stock price from April 9 to August 8 [4][15]. Company Background - Established in November 2005, Jieqiang Equipment focuses on the research, production, and sales of nuclear and biochemical safety equipment, aiming to provide integrated solutions in public safety and environmental protection [11].

Market Overview - The ground armament sector experienced a decline of 3.13% on November 20, with Changcheng Military Industry leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Changcheng Military Industry (601606) closed at 52.00, down 5.71% with a trading volume of 678,400 shares and a transaction value of 357.1 million [2] - Other notable declines include: - Tianzuo Equipment (300922) down 5.69% to 23.71 with a transaction value of 139 million [2] - Beifang Changlong (301357) down 5.32% to 156.98 with a transaction value of 1.182 billion [2] - Jiekang Equipment (300875) down 4.33% to 46.42 with a transaction value of 371 million [2] Capital Flow Analysis - The ground armament sector saw a net outflow of 836 million from institutional investors, while retail investors contributed a net inflow of 679 million [2][3] - The capital flow for major stocks includes: - Changcheng Military Industry with a net outflow of 423 million [3] - Inner Mongolia First Machinery (600967) with a net outflow of 110 million [3] - Beifang Navigation (600435) with a net outflow of 54 million [3]