Core Viewpoint - The company, Jin Hong Holdings Group Co., Ltd., announced that its subsidiary, Hunan Shenzhou Jiepai Ceramics Co., Ltd., will temporarily suspend production for a comprehensive technical upgrade of its mining operations to enhance safety, environmental sustainability, and economic efficiency [1][2]. Group 1: Subsidiary Overview - Hunan Shenzhou Jiepai Ceramics Co., Ltd. has a registered capital of 100 million yuan and was established on March 14, 2016. It focuses on the mining, processing, and sales of kaolin and sodium feldspar, as well as the production and sales of ceramic products [1]. - The company is wholly owned by Jin Hong Holdings, holding 100% of the shares [1]. Group 2: Reasons for Suspension - The temporary suspension is aimed at upgrading the mining system to adopt safer, more environmentally friendly, and economically viable mining techniques [1][2]. Group 3: Impact on the Listed Company - During the suspension, the subsidiary will focus on equipment maintenance and supply chain coordination while ensuring staff are available to manage daily operations [2]. - The financial impact on Jin Hong Holdings is minimal, with Shenzhou Jiepai's audited revenue and net profit accounting for 3.54% and -4.40% of the company's consolidated figures for 2024, and 2.39% and 0.35% for the first half of 2025, respectively [2].

Core Viewpoint - ST Jinhong (000669.SZ) announced that its subsidiary, Hunan Shenzhou Jiepai Ceramics Co., Ltd. (referred to as "Shenzhou Jiepai"), will temporarily suspend operations for a comprehensive technical upgrade of its mining system to enhance safety, environmental protection, and economic efficiency [1] Company Overview - The main business of ST Jinhong is natural gas comprehensive utilization, while Shenzhou Jiepai focuses on the mining and sales of non-metallic minerals, specifically feldspar and kaolin, which are ceramic raw materials [1] Financial Impact - For the fiscal year 2024, Shenzhou Jiepai's audited revenue and net profit accounted for 3.54% and -4.40% of the company's consolidated revenue and net profit, respectively [1] - In the first half of 2025, Shenzhou Jiepai's unaudited revenue and net profit represented 2.39% and 0.35% of the company's unaudited consolidated revenue and net profit, respectively [1] - The temporary suspension of operations is not expected to have a significant impact on the company [1]

Core Insights - The Shandong Provincial Geological and Mineral Bureau's Lunan Institute successfully passed expert review for the detailed exploration project of the sodium feldspar deposit in Baoxingdian, Mengyin County, Shandong Province, discovering a medium to large-sized pegmatite-type sodium feldspar deposit [1] - The expert group conducted on-site inspections and reviewed the project team's detailed reports, concluding that the report was well-structured and comprehensive, thus unanimously agreeing to pass the review [1] - This project marks the first sodium feldspar mineral exploration undertaken by the Lunan Institute, providing valuable practical experience for future exploration tasks of this mineral type [1] - The successful completion of the project lays a solid foundation for the scientific planning, rational development, and efficient utilization of local mineral resources, contributing significantly to local economic development and sustainable resource utilization [1]