2024, Jinyuan issued a notice that the company and one of its actual controllers had received the Notice of Filing a Case from the China Securities Regulatory Commission. The announcement shows that on November 29, 2024, Jinyuan Environmental Protection Co., Ltd. and Zhao Hui, one of the actual controllers, respectively received the Notice of Filing a Case (Zhengjian Filing Word 0202024009) and the Notice of Filing a Case (Zhengjian Filing Word 0202024010) issued by the China Securities Regulatory Commission. According to the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations, on November 15, 2024, the CSRC decided to file a case against Zhao Hui, one of the actual controllers of the company.
In September, due to personal reasons, Zhao Hui applied to resign from the positions of director, chairman and general manager of Jinyuan Stock Company, and also resigned from the positions of chairman of the Strategic Development Committee of the Board of Directors, member of the Nomination Committee of the Board of Directors and member of the Remuneration and Assessment Committee of the Board of Directors. After his resignation, Zhao Hui no longer holds any position in the company.
Previously, on April 19, 2024, Jinyuan issued a notice on the receipt of the decision on administrative supervision measures of Jilin Securities Regulatory Bureau. Jilin Securities Regulatory Bureau believes that the relevant announcement disclosed by Jinyuan Environmental Protection Co., Ltd. said that the company paid the supplier for raw materials from October to December 2023, while the controlling shareholder Jinyuan Holding Group Co., Ltd. borrowed money from the supplier, which constituted the non-operating capital occupation of the controlling shareholder. In view of the aforementioned matters, Jinyuan shares failed to fulfill the obligation of information disclosure in a timely manner as required. In terms of
performance, the third quarter report of Jinyuan in 2024 shows that in the first three quarters, the company realized operating income of 4.491 billion yuan, an increase of 191.59% over the same period last year. The net profit attributable to the parent company was 116 million yuan, a turnaround from the same period last year. The net profit loss deducted from non-profits was 167 million yuan, a loss of 146 million yuan in the same period last year; Net cash flow from operating activities was RMB-489 million, compared to RMB555 million for the same period last year. During the reporting period, basic earnings per share of Jinyuan was RMB0.1494, and the weighted average return on equity was 2.76%.
