Kings(SH:603505) Qi Lu Wan Bao·2025-08-18 23:04Core Viewpoint - Zhejiang Changshan Jinshi Mining Co., Ltd., a subsidiary of Jinshi Resources, received an administrative penalty for using untested special equipment, specifically a gas storage tank, violating the Special Equipment Safety Law of the People's Republic of China [1][3]. Group 1: Administrative Penalties - On August 15, 2025, the company was fined 60,000 RMB for using untested special equipment, which must be ceased immediately [2][3]. - The company has a history of penalties, including a fine of 205,965.2 RMB from the Taxation Bureau for improper accounting practices on August 1, 2025 [4][5]. - Additionally, on August 26, 2024, the company was fined 500,000 RMB for being responsible for a production safety accident [6]. Group 2: Company Background - Jinshi Resources, established in 2001 and listed on the Shanghai Stock Exchange in 2017, focuses on the investment and development of strategic resources, particularly fluorite [9]. - The company operates in three main sectors: resources, fluorochemical, and new energy, with over 20 subsidiaries across various regions [9]. - As of 2024, Jinshi Resources reported a revenue of 2.752 billion RMB, a year-on-year increase of 45.17%, but a net profit decrease of 26.33% to 257 million RMB [9]. Group 3: Market Performance - As of August 18, 2025, Jinshi Resources' stock closed at 17.20 RMB, reflecting a 2.81% increase [11].