Core Viewpoint - Jin Sun's stock price increased by 5.36% to 25.74 CNY per share, with a total market capitalization of 3.561 billion CNY as of the report date [1] Company Overview - Dongguan Jin Sun Grinding Co., Ltd. was established on September 21, 2004, and listed on February 8, 2017. The company specializes in the research, development, production, and sales of new precision polishing materials, high-end intelligent equipment, and precision structural components [1] - The revenue composition of the company includes: 60.74% from paper-based/fabric-based polishing materials, 24.77% from intelligent CNC equipment and precision structural components, 14.22% from new polishing materials, and 0.27% from other sources [1] Fund Holdings - One fund under CITIC Jiantou, CITIC Jiantou Rui Li A (003308), holds 7,100 shares of Jin Sun, accounting for 0.5% of the fund's net value, ranking as the seventh largest holding [2] - The fund has achieved a year-to-date return of 39.62%, ranking 1531 out of 8154 in its category, and a one-year return of 48.93%, ranking 736 out of 8025 [2] Fund Manager Performance - The fund manager, Ai Chong, has a tenure of 8 years and 1 day, with a total asset scale of 162 million CNY, achieving a best return of 84.96% during his tenure [3] - Co-manager Yang Zhiwu has a tenure of 2 years and 326 days, managing assets of 314 million CNY, with a best return of 41.07% during his tenure [3]

天眼查App显示，近日，东莞市恒华研磨材料有限公司成立，法定代表人为杨怀英，注册资本100万人 民币，经营范围为一般项目：石墨及碳素制品制造；石墨及碳素制品销售；非金属矿及制品销售；非金 属矿物制品制造；模具销售；电子专用材料销售；合成材料销售；劳务服务（不含劳务派遣）；塑料加 工专用设备销售；电子产品销售；货物进出口；技术进出口。（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）。 ...

Group 1 - The stock price of Jintaiyang has declined by 2.99% to 20.45 CNY per share, with a total market capitalization of 2.829 billion CNY and a trading volume of 126 million CNY, reflecting a turnover rate of 5.11% [1] - Jintaiyang's stock has experienced a cumulative decline of 12.68% over the past three days [1] - The company, established in 2004 and listed in 2017, specializes in precision polishing materials, high-end intelligent equipment, and precision structural components, with its main revenue sources being paper-based and cloth-based polishing materials (60.74%), intelligent CNC equipment and precision structural components (24.77%), and new polishing materials (14.22%) [1] Group 2 - Citic Securities' fund, Citic Jiantou Rui Li A (003308), holds 7,100 shares of Jintaiyang, accounting for 0.5% of the fund's net value, making it the seventh-largest holding [2] - The fund has incurred a floating loss of approximately 4,473 CNY today, with a total floating loss of 21,100 CNY over the three-day decline [2] - Citic Jiantou Rui Li A has achieved a year-to-date return of 35.54%, ranking 1551 out of 8180 in its category, and a one-year return of 74.93%, ranking 922 out of 7978 [2]

Core Viewpoint - Dongguan Jintaiyang Grinding Co., Ltd. has decided to change the purpose of its repurchased shares from "for implementing equity incentives and/or employee stock ownership plans" to "for cancellation and corresponding reduction of registered capital" [2][3]. Summary of Relevant Sections Share Repurchase Implementation - The company plans to use its own funds to repurchase part of its public shares through centralized bidding, with a total repurchase fund not less than RMB 20 million and not exceeding RMB 30 million, at a price not exceeding RMB 15.99 per share [2][3]. Change of Purpose and Cancellation of Shares - The decision to change the purpose of the repurchased shares aims to enhance the company's long-term investment value, improve earnings per share, and boost investor confidence [3][4]. - The repurchased shares amounting to 1,769,174 shares, which is 1.26% of the total share capital, will be canceled, leading to a reduction in registered capital [3][4]. Impact on Company Structure - After the cancellation of the repurchased shares, the total share capital will decrease from 140,117,000 shares to 138,347,826 shares, with the proportion of limited and unlimited shares slightly adjusted [4]. - The change will not adversely affect the company's operations, finances, research and development, debt obligations, or future development, nor will it alter the company's control or listing status [4].