Group 1 - The core point of the news is that Jinshi Technology is accelerating the divestiture of idle assets by transferring 100% equity of its wholly-owned subsidiary, Hunan Jinshi Technology Co., Ltd., with a starting price of 405 million yuan [1][2] - The divestiture is aimed at optimizing resource allocation, reducing the burden on the listed company, and recovering funds to support future development [2] - Hunan Jinshi, primarily engaged in packaging and printing business, will cease operations due to the infeasibility of its production base project, leading to a projected revenue of 0 for 2024 and Q1 2025, with net losses of 14.58 million yuan and 4.30 million yuan respectively [1] Group 2 - Jinshi Technology has been transitioning from traditional tobacco label printing to new energy sectors, including the acquisition of Sichuan Qianye Technology Co., Ltd. in 2024, focusing on energy storage and fire safety systems [3] - The company has successfully completed the sale of another subsidiary, Sichuan Jinshi Printing Co., Ltd., for 300 million yuan, furthering its strategy to divest traditional businesses [3] - The company reported a significant revenue increase in 2024, achieving 376 million yuan, a tenfold year-on-year growth, while reducing net losses to 439,700 yuan [3] Group 3 - For the first half of the year, Jinshi Technology expects revenue between 206 million yuan and 279 million yuan, continuing its rapid growth, with net losses projected between 24.68 million yuan and 18.24 million yuan [4] - The growth in revenue is attributed to the strategic shift towards the new energy storage business, enhanced market development, and increased order fulfillment capabilities [4]

Core Viewpoint - Jinshi Technology is divesting its idle assets, specifically the 100% equity of its wholly-owned subsidiary Hunan Jinshi Technology Co., Ltd., to optimize resource allocation and alleviate financial burdens while transitioning to the new energy storage business [1][2]. Group 1: Asset Sale and Financial Status - The asset sale plan was disclosed on August 3, with the transaction details still uncertain, including the buyer and transaction price [1]. - Hunan Jinshi, established in 2019, has been temporarily idle since the completion of its construction in March 2024, with a total asset value of 390 million yuan and liabilities of approximately 58.91 million yuan as of March 2025 [1]. - The subsidiary reported net losses of 14.58 million yuan and 4.30 million yuan for the first quarters of 2024 and 2025, respectively [1]. Group 2: Business Transition and Performance - Jinshi Technology originally focused on cigarette packaging but has faced declining profitability since 2021, leading to the cessation of its cigarette packaging business in 2024 [2]. - The company has shifted its focus to the new energy sector, particularly in supercapacitors and energy storage, aiming to concentrate resources on this strategic transition [2]. - From 2022 to 2024, Jinshi Technology's revenues were 185 million yuan, 33.91 million yuan, and 376 million yuan, with net losses of 36.59 million yuan, 44.57 million yuan, and 4.40 million yuan, respectively [3]. - In 2024, the energy storage equipment and systems generated revenues of 258 million yuan and 114 million yuan, accounting for 68.7% and 30.24% of total revenue [3]. - Despite the growth in revenue, the company continues to face losses due to high fixed asset depreciation and expenses from its subsidiaries [3].

Core Viewpoint - Jinshi Technology is planning to divest its wholly-owned subsidiary, Hunan Jinshi Technology Co., Ltd., to optimize resource allocation and reduce financial burdens, aligning with its strategic development goals [1][2]. Group 1: Company Overview - Jinshi Technology, established in 2008, originally focused on cigarette label printing and has transitioned to the energy storage sector over the past year [5][6]. - The company has constructed a diversified business model centered on energy storage equipment manufacturing and related products, aiming to provide safe energy storage solutions [5]. Group 2: Financial Performance - Hunan Jinshi has reported significant losses, with a total loss of approximately 14.58 million yuan in 2024 and 4.30 million yuan in Q1 2025 [2][3]. - Despite entering the energy storage market, Jinshi Technology has faced continuous losses over three years, with net profits of -36.59 million yuan in 2022, -44.57 million yuan in 2023, and -4.39 million yuan in 2024 [6]. - The company achieved a revenue of 376 million yuan in 2024, marking a year-on-year increase of 1008.39%, although most revenue was concentrated in Q4 [6]. Group 3: Strategic Moves - The divestiture of Hunan Jinshi is part of a broader strategy to dispose of idle assets and improve financial health, which is expected to provide funding for future developments [1][2]. - The company has faced operational challenges, including a temporary suspension of an important subsidiary, leading to stock warnings and a change in stock designation to "*ST Jinshi" due to negative net profits and low revenue [6][7].