GPTY(SZ:000545) Xin Lang Cai Jing·2025-09-25 14:07Core Viewpoint - Jinpu Titanium Industry (000545) is facing significant financial challenges, including a public auction of shares due to debt disputes, which may impact its control structure and overall stability [1][2]. Group 1: Share Auction and Debt Situation - Jinpu Group will have 40.38 million shares of Jinpu Titanium Industry publicly auctioned on JD's judicial auction platform starting from October 27, 2025, with a starting price of 93.83 million yuan [1]. - The auction is a result of a debt dispute with Ningbo Haiguang Asset Management Co., Ltd., and the court's decision is based on relevant legal provisions [1]. - As of the announcement date, Jinpu Group has pledged 18.57 million shares, representing 100% of its holdings, and 11.53 million shares are frozen, accounting for 62.08% of its holdings and 11.68% of the total share capital [1]. Group 2: Financial Performance - Jinpu Titanium Industry has experienced a continuous decline in revenue over the past three years, with revenues of 2.51 billion yuan, 2.27 billion yuan, and 2.13 billion yuan from 2022 to 2024 [2]. - The company has reported net losses for three consecutive years, with losses of 145 million yuan, 175 million yuan, and 244 million yuan, totaling approximately 560 million yuan in cumulative losses [2]. - In the first half of 2025, the company achieved total revenue of 921 million yuan, a year-on-year decrease of 18.50%, and a net loss of 186 million yuan compared to a loss of 20 million yuan in the same period last year [2]. Group 3: Market Reaction - As of the close on September 25, Jinpu Titanium Industry's stock fell by 5.63%, trading at 2.68 yuan per share, with a total market capitalization of 2.645 billion yuan [3].