Group 1 - The core point of the news is that Jinshi Resources experienced a decline of 5.05% in its stock price, reaching 18.63 CNY per share, with a trading volume of 150 million CNY and a turnover rate of 0.94%, resulting in a total market capitalization of 15.68 billion CNY [1] - Jinshi Resources Group Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on May 15, 2001, with its listing date on May 3, 2017. The company focuses on the investment and development of fluorite mines, as well as the production and sales of fluorite products [1] - The main business revenue composition of Jinshi Resources includes anhydrous hydrofluoric acid at 52.55%, fluorite concentrate at 38.03%, and other products at 9.42% [1] Group 2 - From the perspective of the top ten holdings of funds, data shows that Huatai Baoxing Fund has one fund heavily invested in Jinshi Resources. The Huatai Baoxing Value Growth A (012132) held 150,000 shares in the third quarter, accounting for 3.41% of the fund's net value, making it the second-largest holding [2] - The Huatai Baoxing Value Growth A (012132) was established on November 10, 2021, with a latest scale of 79.68 million CNY. Year-to-date returns are 8.08%, ranking 5998 out of 8136 in its category; the one-year return is 11.68%, ranking 5053 out of 8056; and since inception, it has a loss of 9.35% [2] - The fund manager of Huatai Baoxing Value Growth A (012132) is Shang Shuohui, who has a cumulative tenure of 8 years and 245 days, with the current total asset scale of 1.006 billion CNY. The best fund return during his tenure is 135.67%, while the worst return is -38.16% [2]

Core Viewpoint - Zhejiang Changshan Jinshi Mining Co., Ltd., a subsidiary of Jinshi Resources, received an administrative penalty for using untested special equipment, specifically a gas storage tank, violating the Special Equipment Safety Law of the People's Republic of China [1][3]. Group 1: Administrative Penalties - On August 15, 2025, the company was fined 60,000 RMB for using untested special equipment, which must be ceased immediately [2][3]. - The company has a history of penalties, including a fine of 205,965.2 RMB from the Taxation Bureau for improper accounting practices on August 1, 2025 [4][5]. - Additionally, on August 26, 2024, the company was fined 500,000 RMB for being responsible for a production safety accident [6]. Group 2: Company Background - Jinshi Resources, established in 2001 and listed on the Shanghai Stock Exchange in 2017, focuses on the investment and development of strategic resources, particularly fluorite [9]. - The company operates in three main sectors: resources, fluorochemical, and new energy, with over 20 subsidiaries across various regions [9]. - As of 2024, Jinshi Resources reported a revenue of 2.752 billion RMB, a year-on-year increase of 45.17%, but a net profit decrease of 26.33% to 257 million RMB [9]. Group 3: Market Performance - As of August 18, 2025, Jinshi Resources' stock closed at 17.20 RMB, reflecting a 2.81% increase [11].