CCJK(SH:600215) Jing Ji Guan Cha Wang·2026-02-12 04:18Core Viewpoint - The company Paislin (600215) is under regulatory scrutiny due to issues related to the recovery of funds from a major asset restructuring, with significant delays in payment from Guokong Group [1] Group 1: Regulatory Issues - Guokong Group was supposed to pay 182 million yuan for equity transfer by June 30, 2025, but has only paid 10 million yuan so far, with the remaining amount postponed to June 30, 2026 [1] - The Shanghai Stock Exchange has issued a regulatory letter requesting clarification on compliance and whether this situation harms the interests of the listed company [1] - Paislin has conducted over twenty site visits and sent three letters to urge payment, stating that legal action will be initiated if the funds are not recovered by the new deadline [1] Group 2: Stock Performance - Paislin's stock has shown volatility, closing at 7.78 yuan on February 11, 2026, down 0.26%, with a net outflow of 3.91 million yuan from major funds [2] - As of February 12, 2026, the stock price was 7.77 yuan, a decrease of 0.13% from the previous day, with a five-day fluctuation of 1.44% and a volatility of 4.61% [2] - On February 11, 2026, there was a net inflow of 831,700 yuan from speculative funds and 3.08 million yuan from retail investors [2] Group 3: Financial Performance - Paislin is expected to report a net loss of 330 million to 250 million yuan for the year 2025, a decline of over 600% year-on-year, primarily due to changes in the North American automotive market and increased domestic competition [3] - The company's revenue for the first three quarters of 2025 was 686 million yuan, a year-on-year decrease of 52.31%, with a net loss of 84.61 million yuan [3] Group 4: Institutional Perspectives - Institutional ratings for Paislin are generally neutral, with low frequency of research coverage and overall neutral sentiment [4] - Profit forecasts indicate a projected net profit of 360 million yuan for 2025, but there are concerns regarding the risk of deviation from actual performance [4]