JYL Group(SZ:002882) Mei Ri Jing Ji Xin Wen·2025-08-07 22:13Core Viewpoint - The Shenzhen Stock Exchange has criticized Jinlongyu for violating regulations related to the disclosure of information that could significantly impact stock prices, leading to a rapid increase in its stock price despite poor financial performance [1][2][4]. Group 1: Regulatory Actions - The Shenzhen Stock Exchange announced a reprimand against Jinlongyu and its executives for failing to provide sufficient, accurate, and complete risk disclosures when releasing potentially market-moving information [2][4]. - Jinlongyu's chairman, general manager, and board secretary were held responsible for the company's violations and received formal reprimands [4]. Group 2: Stock Performance - Following the announcement of a significant order for solid-state battery cells on May 20, 2025, Jinlongyu's stock price surged, achieving four limit-up days within six trading days [3]. - The stock price increased from below 17 yuan to over 40 yuan between May 20 and June 30, 2025, effectively doubling in value [6]. Group 3: Financial Performance - Jinlongyu reported a revenue of 36.75 billion yuan in 2024, a decrease of 6.53% year-on-year, with a net profit of 1.4 billion yuan, down 14.14% [8]. - The company experienced a negative cash flow of 18.6 million yuan, a significant decline of 109.3% year-on-year, marking two consecutive years of declining net profit [8]. - In the first quarter of 2025, Jinlongyu's performance improved, with revenues of 8.99 billion yuan, a year-on-year increase of 31.14%, and a net profit of 37.17 million yuan, up 2.94% [8]. Group 4: Business Developments - Jinlongyu announced a partnership for solid-state battery development in 2021, which led to stock price increases and scrutiny from the Shenzhen Stock Exchange [4]. - In December 2023, Jinlongyu terminated its collaboration with a partner and established a subsidiary to continue solid-state battery material research [5].