云南景谷林业股份有限公司 证券代码：600265 证券简称：ST 景谷 公告编号：2025-072 | 人造板产品（立方米） | | 59,682.70 | | | 105,801.81 | -43.59 | | --- | --- | --- | --- | --- | --- | --- | | 主要产品 林化产品（吨） | 2025 | 年 4-6 | 月 | 年 月 2024 4-6 | 188.64 | 变动比例（%） -100.00 | 2025 年第二季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 云南景谷林业股份有限公司（以下简称"公司"）根据《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第3号——行业信息披露》 等规则要求，现将2025年第二季度主要经营数据（未经审计）披露如下： 一、主要产品产量及同比增减情况 二、主要产品销量及同比增减情况 | 主要产品 | 2025 | 年 4-6 | 月 | 2024 | 年 月 4-6 | 变动比例（%） | | --- | ...

Group 1: Mergers and Acquisitions Overview - During the period from August 15 to August 21, 2025, three listed companies announced new mergers and acquisitions: Zhenyang Development, Tongye Technology, and ST Jinggu, involving three M&A events across the basic chemicals, machinery equipment, and agriculture, forestry, animal husbandry, and fishery industries [1][9]. Group 2: Zhenyang Development - Zhenyang Development primarily engages in the research, production, and sales of chlor-alkali related products, with core products including chlor-alkali products, MIBK products, and PVC products. The chlor-alkali products are widely used in agriculture, electricity, petrochemicals, pharmaceuticals, metallurgy, new energy materials, light industry, textiles, and dyeing [2][10]. - In 2024, Zhenyang Development achieved a main business revenue of 2.898 billion yuan, representing a year-on-year growth of 37.06%, primarily driven by the production and sales of PVC products [2][10]. - The company is undergoing a stock swap merger with Zhejiang Huhangyong Expressway Co., Ltd., which plans to issue A-shares to Zhenyang Development's shareholders [2][10]. Group 3: Tongye Technology - Established in 2000, Tongye Technology specializes in the rail transit industry, with three core product lines: power products, intelligent control products, and motors and fans, covering various rail transit scenarios such as locomotives, subways, and high-speed trains [3][11]. - The company has a nationwide after-sales service network, providing regular maintenance and repair services to ensure the normal operation of equipment. It serves domestic clients like China Railway Corporation and China CRRC, while also exporting products to countries including Kazakhstan, Uzbekistan, Belarus, and South Africa [3][11]. - Tongye Technology plans to acquire 100% of Beijing Silingke Semiconductor Technology Co., Ltd. through a cash payment, aiming to enhance its overall layout and expand its scale and operational performance [3][11]. Group 4: ST Jinggu - ST Jinggu is primarily engaged in the manufacturing of engineered wood products, chemical products from forest resources, and forestry operations. Its engineered wood products include plywood, fiberboard, particleboard, and veneer, widely used in furniture manufacturing and construction [4][12]. - The company operates through self-procurement, production, and sales, utilizing both direct sales and distribution channels to meet diverse customer needs. Its forestry operations focus on land resource management through cooperative afforestation, timber harvesting, and sales [4][12]. - ST Jinggu plans to transfer 51% of its stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., in a cash transaction, aiming to divest underperforming assets and optimize its asset structure [4][12].

Core Viewpoint - ST Jinggu announced a significant inventory loss of approximately 19 million yuan due to misconduct by a former executive, which may involve illegal activities [1][2] Group 1: Inventory Loss and Misconduct - ST Jinggu's subsidiary, Tangxian Huiyin Wood Industry Co., Ltd., reported an inventory loss of about 19 million yuan during a mid-year stock check [1] - The loss was attributed to Wang Lanzun, a former executive, bypassing internal controls and normal business approval processes, leading to inventory discrepancies [1] - Further investigation suggests that some goods may have been sold by Wang Lanzun, with proceeds transferred to his personal bank account [2] Group 2: Legal and Financial Implications - The company has reported the incident to law enforcement, and as of the announcement date, no formal investigation has been initiated by the police [2] - The financial impact on ST Jinggu is estimated at approximately 9.69 million yuan, based on the company's ownership stake in Huiyin Wood [2] - ST Jinggu has taken measures to enhance internal controls and prevent future occurrences of similar misconduct [2] Group 3: Historical Context and Performance - ST Jinggu, established in 1999, primarily engages in the production of engineered wood products and related activities, and has faced financial challenges leading to risk warnings on its stock [3] - Wang Lanzun was previously a significant shareholder and had made performance commitments for Huiyin Wood, which included profit guarantees for the years 2023 to 2025 [4] - The company received full compensation for unmet performance targets from Wang Lanzun, amounting to 142 million yuan for the year 2024 [4]

Core Viewpoint - The company, Yunnan Jinggu Forestry Co., Ltd., is facing significant operational and financial challenges, including a substantial decline in revenue and net profit, leading to risk warnings for investors [1][2][3][4]. Group 1: Financial Performance - In the first quarter of 2025, the company reported total revenue of 62,596,342.63 yuan, representing a year-on-year decline of 40.24% [2][3]. - The net profit attributable to shareholders for the first quarter of 2025 was -16,243,878.25 yuan, and the net profit after deducting non-recurring gains and losses was -16,424,078.66 yuan [2][3]. Group 2: Operational Status - The company's production and operational order remains normal, with no significant changes in daily operations [1][3]. - The company primarily engages in the production of engineered wood products, forest chemical products, afforestation, and timber harvesting [1][3]. Group 3: Risk Warnings - The company has been placed under other risk warnings due to negative net profits for three consecutive accounting years, raising concerns about its ability to continue as a going concern [4]. - The stock has experienced significant price volatility, prompting the company to remind investors to be cautious and make rational investment decisions [1][2]. Group 4: Corporate Governance - The company has not identified any other major events that could significantly impact its stock price [5]. - During the period of stock price fluctuations, the company's directors, supervisors, senior management, and controlling shareholders have not engaged in buying or selling the company's stock [5].

证券代码：600265 证券简称：景谷林业 公告编号：2025-037 | 人造板产品（立方米） | | 52,250.92 | | | 75,865.74 | | -31.13% | | --- | --- | --- | --- | --- | --- | --- | --- | | 主要产品 林化产品（吨） | 2025 | 年 1-3 月 | 33.88 | 2024 年 | 1-3 月 168.10 | 变动比例（%） | -79.84% | 三、主要产品库存量及同比增减情况 | 主要产品 | 2025 | 年 1-3 月 | | 2024 | 年 1-3 月 | | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 人造板产品（立方米） | | 81,201.21 | | | | 73,301.68 | 10.78% | | 林化产品（吨） | | | 45.11 | | | 216.80 | -79.19% | 说明： 云南景谷林业股份有限公司 2025年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在 ...

证券代码：600265 证券简称：景谷林业 公告编号：2025-036 云南景谷林业股份有限公司 2024年第四季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 人造板产品（立方米） | | | | | 77,752.83 | | | 57,876.48 | | 34.34% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 主要产品 林化产品（吨） | 截至 | 2024 | 年 | 12 月 | 31 | 78.99 | 日 | 上年同期 | 219.58 | 变动比例（%） -64.02% | 说明： 1、人造板产品：本季度林板产品受市场行情影响，行业竞争加剧，导致本 期林板产品销量、产量同比下降，库存增加。 一、主要产品产量及同比增减情况 主要产品 2024 年 10-12 月 2023 年 10-12 月 变动比例 （%） 2024 年 1-12 月 人造板产品（立方米） 95,222.11 110, ...