Financial Performance - The company reported total revenue of 334 million yuan for the first half of 2025, a year-on-year decrease of 17.81% compared to 407 million yuan in 2024 [1] - The net profit attributable to shareholders was 4.28 million yuan, down 82.6% from 24.61 million yuan in the previous year [1] - The gross profit margin decreased to 28.38%, down 5.17% year-on-year, while the net profit margin fell to 2.67%, a decline of 63.75% [1] - The company’s earnings per share dropped to 0.02 yuan, a decrease of 87.5% from 0.16 yuan in the previous year [1] Cash Flow and Debt Situation - The company’s cash flow situation is concerning, with cash and cash equivalents amounting to 144 million yuan, a decrease of 23.46% from 188 million yuan [1] - The company has a high accounts receivable ratio, with accounts receivable amounting to 1.16 billion yuan, representing 4950.2% of the net profit [1][4] - The interest-bearing debt decreased to 713 million yuan, down 20.48% from 896 million yuan [1] Return on Investment - The company's return on invested capital (ROIC) was 3.38% last year, indicating weak capital returns [3] - The historical median ROIC since the company’s listing is 10.18%, with the lowest recorded ROIC at 3.23% in 2023 [3] Business Model and Operational Insights - The company relies heavily on research and development for its business performance, necessitating a thorough examination of the underlying drivers of this approach [3]

Group 1 - The core viewpoint of the news is that Jinpu Garden experienced a decline in stock price, dropping by 5.02% to 9.47 CNY per share, with a trading volume of 120 million CNY and a turnover rate of 8.30%, resulting in a total market capitalization of 1.742 billion CNY [1] - Jinpu Garden is primarily engaged in landscape greening construction projects, with its main business revenue composition being 97.29% from engineering construction, 2.25% from landscape design, 0.39% from seedling and building material sales, and 0.07% from other sources [1] Group 2 - Among the top circulating shareholders of Jinpu Garden, CITIC Prudential Fund has a fund that entered the top ten shareholders, holding 2.7916 million shares, which accounts for 1.86% of the circulating shares, with an estimated floating loss of approximately 1.3958 million CNY [2] - The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A has achieved a return of 41.61% this year, ranking 893 out of 8194 in its category, and a return of 80.96% over the past year, ranking 656 out of 7963 [2] Group 3 - The fund managers of CITIC Prudential Multi-Strategy Mixed Fund (LOF) A are Jiang Feng and Wang Ying, with Jiang Feng having a tenure of 5 years and 137 days and a best fund return of 118.36% during his tenure [3] - Wang Ying has a tenure of 8 years and 195 days, with a best fund return of 52.12% during her tenure [3]

Group 1 - The company, Jinpu Garden Co., Ltd., is convening the third bondholders' meeting for its convertible bonds on September 16, 2025 [1][2] - The meeting will discuss the proposal to amend the "Rules for the Bondholders' Meeting" [4] - Bondholders must register to attend the meeting and can delegate their voting rights to a proxy [5][6] Group 2 - Bondholders who hold more than 5% of the company's shares, as well as related parties, will be allowed to express opinions but will not have voting rights [2][4] - Voting will be conducted either in person or via communication methods, with specific instructions on how to submit votes [6][7] - The resolutions passed at the meeting will be legally binding for all bondholders, including those who do not attend [1][7]

Core Viewpoint - Jinpu Garden Co., Ltd. is issuing convertible bonds to unspecified investors, with a total fundraising amount of 520 million yuan, aiming to enhance its financial position and support long-term development [2][6]. Group 1: Bond Issuance Overview - The company has received approval from the China Securities Regulatory Commission to issue 5.2 million convertible bonds, each with a face value of 100 yuan, totaling 52 million yuan [2]. - After deducting underwriting fees and other expenses, the net proceeds from the bond issuance amount to approximately 51.28 million yuan [2][3]. - The bonds have a credit rating of A+, and the company plans to redeem the bonds at 115% of the face value after maturity [3][4]. Group 2: Bond Terms and Conditions - The bonds will have a fixed interest rate of 2.40% for the fifth year and 3.00% for the sixth year [3]. - The company has the right to redeem the bonds under certain conditions, such as if the stock price exceeds 130% of the conversion price for 15 out of 30 consecutive trading days [4]. - Holders of the bonds have the right to sell them back to the company under specific conditions, including significant changes in the use of raised funds [5][6]. Group 3: Corporate Governance and Changes - The company is terminating its 2024 restricted stock incentive plan, which will reduce its registered capital by 3.5 million yuan [6][8]. - Amendments to the company's articles of association and rules governing bondholder meetings have been made to comply with new regulations and improve governance [7][8]. - These changes are expected to have no adverse impact on the company's operations or financial status [8].

Group 1 - The core viewpoint of the article highlights the financial performance of Jinpu Garden, indicating a significant decline in revenue and profit for the first half of 2025 [1] - The company's operating income for the first half of 2025 is approximately 334 million yuan, representing a year-on-year decrease of 17.81% [1] - The net profit attributable to shareholders of the listed company is around 4.28 million yuan, showing a year-on-year decrease of 82.6% [1] - The basic earnings per share is 0.02 yuan, reflecting a year-on-year decrease of 87.5% [1] Group 2 - The article also mentions a booming pet industry, valued at 300 billion yuan, with a surge in stock prices among industry-listed companies [1]

关于召开"金埔转债"2025 年第三次债券持有人会议的通知 | 证券代码：301098 | 证券简称：金埔园林 | 公告编号：2025-108 | | --- | --- | --- | | 债券代码：123198 | 债券简称：金埔转债 | | 金埔园林股份有限公司 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。 特别提示： 1.根据《金埔园林股份有限公司向不特定对象发行可转换公司债券募集说明 书》（以下简称"《募集说明书》"）及《金埔园林股份有限公司可转换公司债 券持有人会议规则》（以下简称"《持有人会议规则》"）的规定，债券持有人 会议作出的决议，须经出席（包括现场、网络或其他表决方式参加会议）会议的 二分之一以上享有表决权的未偿还债券面值的持有人（或债券持有人代理人）同 意方为有效。 2.债券持有人会议决议自表决通过之日起生效，但其中需经有权机构批准的， 经有权机构批准后方为生效。依照有关法律、法规、《募集说明书》和《持有人 会议规则》的规定，经表决通过的债券持有人会议决议对本次可转债全体债券持 有人（包括未参加会议或明示不同意见的债券持有人）具有法律 ...

债券简称：金埔转债 债券代码：123198 长江证券承销保荐有限公司 关于金埔园林股份有限公司向不特定对象 发行可转换公司债券的临时受托管理事务 报告 金埔园林股份有限公司向不特定对象发行可转换公司债券 2025 年度第 5 次临时受托管理事务报告 债券受托管理人： 中国（上海）自由贸易试验区世纪大道1198号28层 股票简称：金埔园林 股票代码：301098 金埔园林股份有限公司 二、核准文件和核准规模 经中国证监会《关于同意金埔园林股份有限公司向不特定对象发行可转换公 司债券注册的批复》（证监许可[2023]742号）同意注册，金埔园林于2023年6月8 日向不特定对象发行了520.00万张可转换公司债券，每张面值100元，募集资金 总额52,000.00万元，扣除券商承销及保荐费490.57万元（不含税）后，主承销商 长江证券承销保荐有限公司于2023年6月14日将剩余的资金人民币51,509.43万元 划入募集资金专户。另扣除审计验资费、律师费、法定信息披露费和其他发行费 用等与发行可转换公司债券相关的新增外部费用225.37万元（不含税）后，公司 本次募集资金净额为51,284.06万元。中汇会计师 ...

金埔园林股份有限公司（以下简称"公司"）于2025年8月25日召开第五届 董事会第二十六次会议、第五届监事会第十七次会议，审议通过了《关于终止实 施2024年限制性股票激励计划暨回购注销限制性股票的议案》，经审慎研究，结 合公司实际情况，决定终止实施2024年限制性股票激励计划（以下简称"《激励 计划》"或"本次激励计划"），并回购注销公司2024年限制性股票激励计划所涉 及的已授予但尚未解除限售的限制性股票350万股，同时与之配套的《2024年限 制性股票激励计划实施考核管理办法》等相关文件一并终止。该事项尚需提交公 司股东大会审议，现将相关事项说明如下： 关于终止实施 2024 年限制性股票激励计划暨回购注销限制 性股票的公告 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。 | 证券代码：301098 | 证券简称：金埔园林 | 公告编号：2025-105 | | --- | --- | --- | | 债券代码：123198 | 债券简称：金埔转债 | | 金埔园林股份有限公司 6.2025 年 8 月 25 日，公司第五届董事会第二十六次会议和第五届监 ...

长江证券承销保荐有限公司 关于金埔园林股份有限公司 2025年半年度持续督导跟踪报告 | 保荐人名称：长江证券承销保荐有限公司 | 被保荐公司简称：金埔园林 | | --- | --- | | 保荐代表人姓名：苗健 | 联系电话：021-61118978 | | 保荐代表人姓名：张绍良 | 联系电话：021-61118978 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1．公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 不适用 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于防 止关联方占用公司资源的制度、募集资金管理制度、内 | 是 | | 控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3．募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 6次 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4．公司治理督导情况 | | | （ ...

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