ST新华锦：股票连续三日涨幅超12%

Core Viewpoint - The stock price of ST Xinhua Jin experienced significant fluctuations, with a cumulative increase of over 12% from October 15 to 17, 2025, indicating abnormal trading conditions as per Shanghai Stock Exchange regulations [1] Financial Performance - The net profit attributable to shareholders for 2024 is projected to be -134 million yuan, representing a decline of 354.59% compared to 2023 [1] - For the first half of 2025, the net profit attributable to shareholders is reported at 12.87 million yuan, a decrease of 39.45% year-on-year [1] Shareholding Structure - The controlling shareholder and its concerted parties collectively hold 186 million shares, accounting for 43.28% of the total shares, with a high pledge ratio of 99.64% of their holdings, which translates to 185 million shares pledged [1] - Among the shares held by the controlling shareholder, 612,400 shares are subject to judicial freezing, and 185 million shares are marked for judicial purposes, representing 99.97% of their total holdings and 43.27% of the company's total shares [1] Risk Factors - The company faces potential risks of being subject to delisting warnings due to the high pledge ratio and financial performance issues [1]