HIKING(SH:600735) Shang Hai Zheng Quan Bao·2025-06-23 20:46Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder, Shandong Lujin Import and Export Group Co., Ltd., indicating a high level of pledged shares but no immediate risk to the company's operations or financial stability [2][6]. Share Pledge and Release Summary - The controlling shareholder, Lujin Group, holds 185,532,352 shares, accounting for 43.27% of the total shares, with a total of 181,920,000 shares pledged, representing 98.05% of their holdings and 42.43% of the company's total shares [2][3]. - On June 20, 2025, Lujin Group released 4.2 million shares from a pledge to CITIC Bank and simultaneously re-pledged the same amount [2][4]. Pledge Situation and Financial Health - As of the announcement date, Lujin Group and its concerted parties have pledged 98.02% of their shares, with no shares being subject to restrictions or freezing [3][5]. - Lujin Group has a total of 14,405,000 shares maturing in the next year, which is 77.64% of their holdings, with a financing balance of 45.038 million yuan [4][5]. - The group has a strong credit status, with repayment sources including operating profits, asset liquidation, share reductions, dividends, and investment income [5][9]. Impact on Company Operations - The share pledges are all bank and corporate entity pledges, with no risk of forced liquidation due to market price drops, and they will not significantly impact the company's main business, financing costs, or operational stability [6][11]. - Lujin Group does not have any performance compensation obligations, ensuring no adverse effects on the company's governance or control [6][11]. Lujin Group's Business Overview - Lujin Group, established on January 28, 1988, has a registered capital of 20 million yuan and operates in various sectors including import and export, textile manufacturing, and sales of various goods [7][8]. - The group has a stable business operation with available financing channels and a total bank credit of 6.9 billion yuan, of which 4.2 billion yuan has been utilized [9].