Yongjin Technology (SH:603995) Jing Ji Guan Cha Wang·2026-02-12 06:44Group 1: Company Actions - The company plans to cancel 2,008,725 shares of treasury stock, accounting for 0.55% of the current total share capital, to enhance earnings per share. This action has been approved by the board and requires shareholder meeting approval [1] - The wholly-owned subsidiary, New Yue Asset Management (Singapore) Private Limited, intends to establish a joint venture holding subsidiary with an investment of $380 million (approximately 2.658 billion RMB) to construct a green stainless steel project with an annual capacity of 2 million tons, with the company holding 68.4% [2] - The company and its partners have reduced the registered capital of Fujian Yongjin Metal Technology Co., Ltd. and its subsidiary Qingtuo Shangke by a total of 500 million RMB, decreasing the registered capital from 700 million RMB to 400 million RMB, which does not affect the scope of consolidated financial statements [3] Group 2: Financial Status - As of January 2026, the company has provided guarantees totaling 522.24451 million RMB for its subsidiaries, which accounts for 76.20% of its net assets, indicating a need for attention to subsequent guarantee risk control [4] Group 3: Capacity Expansion - According to a December 2025 institutional survey, the first phase of the Thailand project for producing 260,000 tons of precision stainless steel plates and strips is expected to commence production in July 2026, potentially enhancing the company's overseas capacity. Additionally, the first phase of the 40,000-ton titanium material project in Sichuan Panjin New Materials is in trial production [5] Group 4: Business Conditions - The company is actively responding to anti-dumping duties in Vietnam and local competition, planning to mitigate short-term impacts through product localization and reinitiating litigation, while maintaining confidence in long-term demand [6]