JLGF(SZ:000712) Sou Hu Cai Jing·2025-10-13 13:49Core Viewpoint - The announcement reveals that the controlling shareholder of Jinlong Co., Ltd. is undergoing a judicial auction of 30 million shares, which may impact the company's shareholder structure but not its management control [1][4]. Group 1: Shareholder Auction Details - Jinlong Co., Ltd. disclosed that 30 million shares held by its controlling shareholder, Dongguan New Century Science and Education Development Co., Ltd., were auctioned on JD.com from October 12 to October 13 [1]. - The shares were divided into 10 lots, each consisting of 3 million shares, with a starting price of 31.3845 million yuan per lot, set at a 30% discount from the average closing price over the previous 20 trading days [3]. - Chengdu Jinyao No. 1 Enterprise Management Partnership won 21 million shares for a total of 262 million yuan, potentially making it the fifth-largest shareholder of Jinlong Co., Ltd. [3]. Group 2: Impact on Shareholding Structure - Following the auction, if all shares are transferred, New Century will still hold 146 million shares, representing 16.29% of the total share capital, maintaining its status as the controlling shareholder [4]. - The actual controller of Chengdu Jinyao No. 1 is the Luzhou State-owned Assets Supervision and Administration Commission, holding a 39.72% stake with 100% voting rights [4]. Group 3: Previous Auctions and Financial Issues - This auction marks the fifth instance of Jinlong Co., Ltd.'s shares being auctioned this year, with previous auctions occurring in February, April, July, and August [6]. - New Century's shares are being auctioned due to disputes with a financial institution in Chongqing, with a total of 43.5 million shares involved in ongoing legal issues [6][7]. - Jinlong Co., Ltd. has faced significant financial challenges, reporting losses for four consecutive years, with total losses of 1.31 billion yuan, 3.92 billion yuan, 3.84 billion yuan, and 890 million yuan from 2021 to 2024 [8]. Group 4: Recent Financial Performance - In the first half of this year, Jinlong Co., Ltd. reported a total revenue of 417 million yuan, a 16.35% increase year-on-year, and a net profit attributable to shareholders of 125 million yuan, a 344.38% increase compared to the same period last year [9][10]. - The company achieved a significant increase in investment income, reaching 535 million yuan, which is a 120.30% rise year-on-year [9].