2月25日晚间，仕净科技（SZ301030，股价12.46元，市值25.22亿元）披露公告称，苏亚金诚会计师事 务所（特殊普通合伙）（以下简称"苏亚金诚"）于2月13日递交《辞任函》，辞任2025年年报审计机 构。 需要注意的是，仕净科技于2026年1月19日才聘任苏亚金诚为上市公司2025年年报审计机构。也就是 说，苏亚金诚入场审计不足一个月就辞任了。对于辞任原因，苏亚金诚表示，因审计进度未达其预期及 未能按约定收取审计进度款等。 2月26日上午，《每日经济新闻》记者致电仕净科技，其接线工作人员表示："苏亚金诚辞任具体原因以 公告为准。"截至收盘，仕净科技股价报收12.46元/股，下跌13.83%。 入场审计不足一个月 仕净科技2025年度业绩预告显示，公司业绩下滑，主要受光伏行业阶段性产能过剩影响，下游企业新厂 区建设及产线升级节奏显著放缓，相关配套工程市场需求随之收缩。2025年叠加行业竞争日趋激烈、重 点项目落地进程延迟，公司大型光伏废气治理系统、机电系统项目订单量大幅下滑，主营业务收入未达 预期。 "本次变更会计师事务所事项尚需提交公司2026年第一次临时股东会审议，并自公司股东会审议通过之 日起生 ...

1月5日，仕净科技披露拟变更会计师事务所的公告，表示由于中审亚太因其他个别审计项目正在配合证 监会同步核查，审计人员和时间安排无法满足公司的要求，为避免该事项对审计进度产生影响，结合公 司业务发展和审计需求等实际情况，经综合评估及审慎研究，拟聘请苏亚金诚为2025年度审计机构，聘 期1年。 2月25日晚间，仕净科技（SZ301030，股价12.46元，市值25.22亿元）披露公告称，苏亚金诚会计师事 务所（特殊普通合伙）（以下简称"苏亚金诚"）于2月13日递交《辞任函》，辞任2025年年报审计机 构。 需要注意的是，仕净科技于2026年1月19日才聘任苏亚金诚为上市公司2025年年报审计机构。也就是 说，苏亚金诚入场审计不足一个月就辞任了。对于辞任原因，苏亚金诚表示，因审计进度未达其预期及 未能按约定收取审计进度款等。 2月26日上午，《每日经济新闻》记者致电仕净科技，其接线工作人员表示："苏亚金诚辞任具体原因以 公告为准。"截至收盘，仕净科技股价报收12.46元/股，下跌13.83%。 入场审计不足一个月 仕净科技原本聘任的审计机构为中审亚太会计师事务所（特殊普通合伙）（以下简称"中审亚太"）。 根据202 ...

距离获聘还不到一个月，仕净科技审计机构却突然"闪辞"。 2025年年报披露近在咫尺，本是上市公司向市场交卷的时刻，仕净科技却在此时失去了"阅卷老师"，也揭开了仕净科技资料提供拖延与审计费用支付违约的 双重尴尬。 2月25日晚间，仕净科技发布公告，2月13日，公司收到苏亚金诚会计师事务所（特殊普通合伙）（简称"苏亚金诚会计师事务所"）发来的《关于辞任苏州仕 净科技股份有限公司2025年度审计业务的函》，苏亚金诚会计师事务所考虑到审计进度未达其预期及未能按约定收取审计进度款等原因，经慎重研究，正式 向公司辞任2025年年报审计机构。 而此时距离该所经审议通过、获聘为公司审计机构，还不到一个月。 "鉴于贵公司未能按约定时间提供审计工作所必需的资料，导致审计工作难以按预期进度开展；同时，亦未按合同约定支付相应审计费用。经本所慎重研 究，现决定正式辞任贵公司2025年度财务报告审计机构，本辞任决定自本函送达贵公司之日起生效。" 仕净科技在公告中坦言，目前公司正在积极与其他会计师事务所进行沟通，能否及时完成后任会计师事务所的聘任存在不确定性。 另外，仕净科技财务总监张丽华在今年1月份递交了辞职信。 仕净科技1月9日公告， ...

Group 1 - The core viewpoint of the news is that Shijin Technology's stock has increased by 5.61%, reaching a price of 15.82 CNY per share, with a trading volume of 291 million CNY and a turnover rate of 9.57%, resulting in a total market capitalization of 3.202 billion CNY [1] - Shijin Technology, established on April 11, 2005, and listed on July 22, 2021, specializes in the research, production, and sales of process pollution control equipment and end-of-pipe pollution treatment equipment [1] - The company's main business revenue composition includes: process pollution control equipment (51.18%), photovoltaic products (41.71%), material sales (3.47%), other (supplementary) (2.72%), third-party testing services (0.38%), managed operation services (0.34%), end-of-pipe pollution treatment equipment (0.20%), and remote online monitoring systems (0.00%) [1] Group 2 - Among the top ten circulating shareholders of Shijin Technology, one fund from Bosera Fund ranks as a significant shareholder, holding 6.5598 million shares, which is unchanged from the previous period, accounting for 3.25% of the circulating shares [2] - The Bosera Huixing Return One-Year Holding Mixed Fund (011056) has a current scale of 4.39 billion CNY, with a year-to-date return of 10.06%, ranking 1541 out of 8882 in its category, and a one-year return of 57.89%, ranking 1025 out of 8127 [2] - The fund manager, Wu Wei, has a cumulative tenure of 12 years and 57 days, with the fund's total asset scale at 4.798 billion CNY, achieving a best return of 226.4% and a worst return of -32.87% during his tenure [2]

Group 1 - The core point of the news is that Shijin Technology experienced a decline in stock price and significant changes in financing activities, indicating potential liquidity issues and market sentiment challenges [1][2]. - On January 29, Shijin Technology's stock fell by 1.08%, with a trading volume of 84.85 million yuan. The financing buy-in amount was 6.21 million yuan, while the financing repayment was 10.01 million yuan, resulting in a net financing buy of -3.80 million yuan [1]. - As of January 29, the total balance of margin trading for Shijin Technology was 102 million yuan, which represents 3.91% of its circulating market value, indicating a low financing balance compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for Shijin Technology increased to 20,900, up by 3.34%, while the average circulating shares per person decreased by 3.23% to 9,649 shares [2]. - For the period from January to September 2025, Shijin Technology reported a revenue of 1.11 billion yuan, a year-on-year decrease of 65.44%, and a net profit attributable to shareholders of -226 million yuan, a significant decline of 256.77% [2]. - Since its A-share listing, Shijin Technology has distributed a total of 42.98 million yuan in dividends [3].

Core Viewpoint - Shijin Technology (301030.SZ), originally focused on environmental protection equipment, has faced significant losses after heavily investing 25.5 billion yuan in the TOPCon solar cell sector, coinciding with a price war and supply-demand imbalance in the industry [1][16]. Financial Performance - In the first three quarters of 2025, Shijin Technology reported revenue of 1.111 billion yuan, a decline of 65.44% year-on-year, and a net loss attributable to shareholders of 226 million yuan, with a staggering year-on-year decline of 256.77% [2][17]. - The company's revenue for the third quarter alone was 53.92 million yuan, reflecting a sharp decline both sequentially and year-on-year [2][17]. - The operating cash flow was negative, amounting to -213 million yuan, indicating ongoing financial strain [2][17]. Business Challenges - The company attributed its losses to the gradual ramp-up of TOPCon solar cell production, which faced limited operating rates and high fixed costs, including labor, equipment depreciation, and energy consumption [3][18]. - The solar cell business generated revenue of 644 million yuan in 2024, with a gross margin of -40.26%, indicating typical loss-making sales [19]. - The core business segment of process pollution control equipment also saw a significant revenue drop of 65.68% [19]. Asset and Liability Situation - As of the end of Q3 2025, Shijin Technology's accounts receivable stood at 1.646 billion yuan and inventory at 2.640 billion yuan, both significantly exceeding the company's revenue for the same period [20]. - The company faced a total of 1.823 billion yuan in short-term loans and current liabilities, while cash reserves were only 303 million yuan [20][21]. Market Position and Analyst Coverage - Shijin Technology's stock price fell by 50.99% in 2025, leading to a rapid decline in analyst coverage, with only one brokerage, Dongwu Securities, continuing to track the company [22][24]. - Previous optimistic revenue and profit forecasts from analysts have proven to be overly optimistic, with actual results falling far short of projections [12][24].

Core Viewpoint - Shijin Technology is facing multiple challenges after its foray into the photovoltaic sector, leading to a significant decline in performance and financial instability [1][2]. Group 1: Company Overview - Shijin Technology, established in 2005, initially focused on pollution control equipment in the semiconductor industry and had a close partnership with JinkoSolar [1]. - The company went public in 2021, with its market value exceeding 10 billion yuan at one point [1]. Group 2: Financial Performance - In 2024, Shijin Technology's photovoltaic product revenue reached 644 million yuan, accounting for 31.35% of total revenue, but the gross margin plummeted to -40.26%, resulting in significant losses [2]. - The traditional environmental equipment business also saw a gross margin drop to -1.3%, leading to an annual loss of 771 million yuan, wiping out net profits accumulated over three years [3]. - By the third quarter of 2025, losses further expanded to 226 million yuan, with cash reserves dwindling to 303 million yuan, a 58.42% decrease year-on-year [3]. Group 3: Debt and Financial Strain - The company's short-term borrowings and liabilities due within one year reached 1.824 billion yuan, pushing the debt-to-asset ratio to 90.85% [3]. - To alleviate financial pressure, the controlling shareholder pledged 98.56% of their shares and transferred 10.1 million shares to repay stock pledge financing, raising 118 million yuan [3]. Group 4: Strategic Response - In September 2025, Shijin Technology attempted to introduce state-owned capital for relief by establishing a special purpose vehicle (SPV) with an initial capital of no more than 135 million yuan [3]. - This move aimed to acquire existing debts and provide a loan for operational support, but it only addressed short-term liquidity issues without resolving the underlying losses in the photovoltaic business [3]. Group 5: Industry Context - The case of Shijin Technology serves as a warning to the capital market, highlighting that over 70 companies announced forays into the photovoltaic sector in 2022, with many facing challenges due to technical barriers and financial pressures [4]. - The transition from a leader in environmental equipment to significant losses in the photovoltaic sector underscores common issues in strategic transformation, including misjudgment of industry cycles and inadequate risk management [4].

Core Viewpoint - Shijin Technology is facing multiple challenges after its foray into the photovoltaic sector, leading to a significant decline in performance, high debt levels, and substantial shareholder equity pledges [1][2][3] Company Overview - Founded in 2005, Shijin Technology initially specialized in pollution control equipment for the semiconductor industry and had a close partnership with JinkoSolar [1] - The company went public in 2021, achieving a market capitalization exceeding 10 billion yuan [1] Investment in Photovoltaics - In early 2023, Shijin Technology announced a major investment of 11.2 billion yuan to establish a 24GW TOPCon solar cell project in Anhui and a joint investment of 10 billion yuan with JinkoSolar for a 20GW silicon wafer and 20GW solar cell base in Sichuan [1][2] - The company also accelerated its overseas factory layout in Mexico [1] Financial Performance - The photovoltaic business generated revenue of 644 million yuan in 2024, accounting for 31.35% of total revenue, but suffered a gross margin of -40.26%, resulting in significant losses [2][5] - The traditional environmental equipment business also faced challenges, with a gross margin of -1.3%, leading to an overall annual loss of 771 million yuan [2][5] - Cumulatively, the company has reported a total net loss since its IPO, with losses further expanding to 226 million yuan in the first three quarters of 2025 [2][5] Cash Flow and Debt Situation - By the end of Q3 2025, Shijin Technology's cash reserves had dwindled to 303 million yuan, a decrease of 58.42% year-on-year, while short-term borrowings and liabilities due within one year reached 1.824 billion yuan [2][5] - The company's debt-to-asset ratio surged to 90.85% [2][5] Shareholder Actions - To alleviate financial pressure, the controlling shareholder, Zhu Ye, and associates pledged 98.56% of their shares [2][5] - In September 2025, Zhu Ye transferred 10.0998 million shares (4.99% of total shares) to Beijing Scorpius Asset Management for 118 million yuan to repay debt [2][5] Crisis Management Efforts - In September 2025, Shijin Technology attempted to introduce state-owned capital for relief by establishing a special purpose vehicle (SPV) with Suzhou Xingtai Industrial, raising a total of 135 million yuan [3][6] - However, this measure only provided temporary liquidity relief and did not address the fundamental issues of losses in the photovoltaic business [3][6] Industry Context - Shijin Technology's situation serves as a warning to the capital market, as over 70 companies announced forays into photovoltaics in 2022, with many facing challenges due to technical barriers and financial pressures [3][6] - The company's transition from a leader in environmental equipment to significant losses in the photovoltaic sector highlights common issues in strategic transformation, including misjudgment of industry cycles and inadequate risk management [3][6]

Group 1 - The core point of the news is that Shijin Technology has seen a significant increase in its stock price, rising 5.24% to 14.26 CNY per share, with a total market capitalization of 2.886 billion CNY and a cumulative increase of 14.54% over the past seven days [1] - Shijin Technology, established on April 11, 2005, specializes in the research, production, and sales of process pollution control equipment and end-of-pipe pollution treatment equipment, and was listed on July 22, 2021 [1] - The company's main business revenue composition includes: 51.18% from process pollution control equipment, 41.71% from photovoltaic products, 3.47% from material sales, 2.72% from other services, 0.38% from third-party testing services, 0.34% from managed operation services, 0.20% from end-of-pipe pollution treatment equipment, and 0.00% from remote online monitoring systems [1] Group 2 - Among the top ten circulating shareholders of Shijin Technology, Wanji Fund's Wanji New Profit (519191) reduced its holdings by 162.29 thousand shares, now holding 117.83 thousand shares, which represents 0.58% of the circulating shares [2] - The Wanji New Profit fund has achieved a year-to-date return of 7.15% and a one-year return of 16.49%, ranking 1500 out of 8838 and 5910 out of 8089 respectively [2] - The fund manager, Huang Hai, has a tenure of 5 years and 115 days, with the fund's total asset size at 3.23 billion CNY and the best return during his tenure being 67.86% [2]

Group 1 - The core viewpoint of the news is that Shijin Technology has seen a stock price increase of 5.76%, reaching 12.11 yuan per share, with a total market capitalization of 2.451 billion yuan as of the report date [1] - Shijin Technology, established on April 11, 2005, and listed on July 22, 2021, specializes in the research, production, and sales of process pollution control equipment and end-of-pipe pollution treatment equipment [1] - The company's main business revenue composition includes: 51.18% from process pollution control equipment, 41.71% from photovoltaic products, 3.47% from material sales, 2.72% from other services, 0.38% from third-party testing services, 0.34% from managed operation services, 0.20% from end-of-pipe pollution treatment equipment, and 0.00% from remote online monitoring systems [1] Group 2 - Among the top ten circulating shareholders of Shijin Technology, Wanji Fund's Wanji Xinli (519191) reduced its holdings by 162.29 thousand shares in the third quarter, now holding 117.83 thousand shares, which is 0.58% of the circulating shares [2] - Wanji Xinli has a current scale of 706 million yuan, with a year-to-date return of 3.54%, ranking 7085 out of 8088 in its category, and a one-year return of 4.37%, ranking 6883 out of 8058 [2]