RIFA PM(SZ:002520) Zheng Quan Zhi Xing·2025-06-26 16:16Core Viewpoint - Zhejiang Rifa Precision Machinery Co., Ltd. announced the completion of share pledge and release procedures by its controlling shareholder, Zhejiang Rifa Holding Group Co., Ltd., and its concerted actor, Wu Jie, involving a total of 211,210,000 shares, which accounts for 99.9955% of their total holdings [1][3]. Group 1: Share Pledge and Release Details - The controlling shareholder, Rifa Group, released 12,000,000 shares from pledge, which represents 7.17% of its holdings and 1.60% of the company's total share capital [1]. - The pledge was initiated on June 12, 2023, and released on June 23, 2023, with the pledgee being Bank of Communications [1]. - The current total pledged shares by the controlling shareholder and its concerted actor amount to 28.15% of their total holdings, with no shares currently unpledged [3]. Group 2: Financial and Operational Overview - As of the latest financial data, Rifa Group reported total assets of 857,289.15 million and total liabilities of 731,429.79 million, resulting in an asset-liability ratio of 85.32% [4]. - The company generated operating revenue of 511,324.95 million, with a net profit of -52,278.20 million for the year 2024 [4]. - The cash flow from operating activities was recorded at 54,036.15 million, indicating a negative cash flow of -708.40 million for the first quarter of 2025 [4].