劲嘉股份控股股东股份将司法拍卖，控制权存变更风险

Group 1 - The controlling shareholder, Jinjia Chuangtou, will have 86 million shares auctioned from February 26 to 27, 2026, representing 5.92% of the company's total share capital [1] - If the auction is completed, the combined shareholding of the controlling shareholder and its concerted parties will decrease from 31.02% to 25.09%, although the announcement states that this will not directly lead to a change in control [1] - The controlling shareholder and actual controller, Qiao Luyu, have received a court ruling due to debt defaults, with the total amount involved exceeding 1.7 billion yuan [1] Group 2 - In the past 12 months, the total amount involved in lawsuits, arbitration, and judicial execution matters related to the controlling shareholder and associated parties has reached 5.802 billion yuan [1] - As of the announcement date, approximately 449 million shares held by the controlling shareholder and its concerted parties have been judicially frozen, accounting for 99.69% of their holdings [1] - The company is currently facing a projected net loss of 252 million to 504 million yuan for 2025, marking a shift from profit to loss, primarily due to goodwill impairment and bad debt provisions totaling approximately 488 million to 791 million yuan [1]