JYL Group(SZ:002882) Mei Ri Jing Ji Xin Wen·2025-08-07 16:46Core Viewpoint - The Shenzhen Stock Exchange has criticized Jinlongyu for violating regulations related to stock price manipulation and has imposed penalties on the company and its executives for their lack of diligence in disclosing accurate information [1][2]. Group 1: Regulatory Actions - Jinlongyu was publicly reprimanded by the Shenzhen Stock Exchange for its actions, which were deemed to have insufficient, inaccurate, and incomplete risk disclosures that could significantly impact stock prices [1][2]. - The company's chairman, general manager, and board secretary were held responsible for the violations and received similar reprimands [2]. Group 2: Business Developments - On May 20, 2025, Jinlongyu announced a significant order for 100,000 solid-state battery cells with a density of 500Wh/kg, which was described as a milestone for the company [1]. - Following the announcement, Jinlongyu's stock price experienced a rapid increase, with four instances of hitting the daily limit up within six trading days [1]. Group 3: Financial Performance - Despite the stock price surge, Jinlongyu's financial performance has been declining, with a reported revenue of 3.675 billion yuan in 2024, down 6.53% year-on-year, and a net profit of 140 million yuan, down 14.14% [6]. - In the first quarter of 2025, the company showed signs of recovery with a revenue of 899 million yuan, up 31.14% year-on-year, and a net profit of 37.17 million yuan, up 2.94% [6]. Group 4: Market Reactions - From May 20 to June 30, 2025, Jinlongyu's stock price doubled, rising from below 17 yuan to over 40 yuan, marking a significant increase in market interest [4]. - As of August 7, 2025, the stock price settled at 31.70 yuan, with a market capitalization of approximately 13.723 billion yuan [4].