Jade Bird Fire(SZ:002960) Xin Lang Cai Jing·2025-12-01 09:46Core Viewpoint - Qingniao Fire Protection Co., Ltd. announced the pledge and release of shares by its controlling shareholder, indicating a strategic adjustment in shareholding structure and reflecting confidence in the company's future development [1][2]. Share Pledge and Release - The controlling shareholder, Beijing Peking University Qingniao Huanyu Technology Co., Ltd., pledged 11.7 million shares, accounting for 1.33% of the total share capital, with a pledge start date of November 25, 2025 [1]. - The same shareholder will release 6 million shares (0.68% of total share capital) on November 24, 2025, and 9.963 million shares (1.14% of total share capital) on November 26, 2025, reducing the pledged shares by 4.263 million [1]. - After these adjustments, the total pledged shares by Beijing Peking University Qingniao Huanyu will be 87.99 million, with a pledge ratio of 47.16%, a decrease of 2.23% [2][3]. Shareholder Actions - Shareholder Cai Weimin pledged 14.4 million shares, representing 9.15% of his holdings and 1.64% of the total share capital, indicating personal funding needs while maintaining confidence in the company's prospects [2]. - Cai Weimin's pledge ratio remains unchanged despite the adjustments made by the controlling shareholder [2]. Financial Performance - In the third quarter of 2025, the company reported revenue of 1.209 billion yuan, a year-on-year decrease of 3.80%, and a net profit attributable to shareholders of 79.4748 million yuan, down 45.71% [5]. - Despite the overall decline, the company saw significant growth in emerging markets, with cumulative shipments in energy storage fire protection exceeding 100 million yuan, more than doubling year-on-year [5][6]. - The data center fire protection business also showed strong performance, with cumulative shipments exceeding 120 million yuan, significantly increasing compared to the previous year [5][6]. Strategic Financial Management - The company has utilized part of its idle raised funds for cash management, with a balance of 166 million yuan, and has a high balance of 541.4576 million yuan in entrusted financial management [4]. - This approach aims to optimize the asset structure and improve capital efficiency without affecting the normal operation of the company's main business [4].