JH Group(603518) 证券时报网·2025-03-26 11:44Core Viewpoint - Jin Hong Group has decided to terminate its plan to issue 200 million RMB in new shares due to improved business performance and sufficient funding from existing resources [1][3]. Financing - The company initially planned to raise up to 200 million RMB through a private placement to enhance liquidity and repay bank loans [1]. - As of the announcement date, the private placement had not yet been approved by the shareholders' meeting [1]. - The company reported a revenue of approximately 1.473 billion RMB in Q4 2024, a year-on-year increase of about 2%, reversing the revenue decline seen in Q2 and Q3 [1]. Financial Performance - For the full year 2024, the company reported total revenue of 4.395 billion RMB, a decrease of 3.29% year-on-year, while net profit attributable to shareholders increased by 2.90% to 306 million RMB [2]. - The basic earnings per share were reported at 0.89 RMB, with a proposed cash dividend of 3.10 RMB per 10 shares [2]. - The company successfully repaid approximately 323 million RMB of principal and interest on previously issued convertible bonds using its own funds and bank loans [2]. Shareholder Dynamics - The company's major shareholders, including the controlling shareholders Wang Zhiqin and Song Yanjun, were initially set to participate in the private placement, but their personal fundraising was not fully secured [2]. - The latest report indicates changes in the top ten circulating shareholders, with the National Social Security Fund increasing its holdings by 985,100 shares [4]. - Conversely, Shumingde Investment Co., Ltd. reduced its holdings by 3.3328 million shares [5].