利源股份控股股东股份质押公告 —— 投资者详细解读

主要信息摘要

• 控股股东倍有智能科技（长春）有限公司（简称“倍有智能”）质押股份：共计320,000,000股，占公司总股本的9.01%，占其所持股份比例为40.00%。
• 质押时间及条件：质押起始日为2026年3月26日/27日，解除质押登记手续日为止。质权人为吉林九台农村商业银行股份有限公司长春分行。
• 质押用途：为非融资担保用途，非补充质押。
• 倍有智能持股情况：持股800,000,000股，占公司总股本的22.54%。本次质押后，已质押股份占其持股比例40.00%，占公司总股本的9.01%。
• 风险提示：目前不存在非经营性资金占用、违规担保等侵害上市公司利益的情形，公司生产经营正常，股份质押不会导致公司实际控制权变更。

投资者需重点关注的事项

• 大额股份质押：控股股东一次性质押大量股份（320,000,000股，占其持股40%），虽然目前为非融资担保用途，但此类质押行为通常被市场视为潜在风险，尤其在未来若质押股价下跌可能带来平仓风险。
• 质押不会导致实际控制权变更：公告明确当前倍有智能的质押行为不会导致公司实际控制权变更，但投资者应关注后续质押比例是否进一步提升。
• 经营正常，未出现违规担保或资金占用：公司与控股股东在资产、业务、财务方面保持独立，生产经营未受影响，这有助于缓解市场对公司治理的担忧。
• 信息披露承诺：公司将持续关注质押事项的进展，严格履行信息披露义务，投资者应密切关注后续公告。

详细质押情况

对股价可能的影响分析

• 控股股东大额股份质押可能被市场视为资金需求或流动性压力增加，部分投资者可能担忧后续质押比例提升或出现平仓风险，短期内对股价形成一定压力。
• 目前公司经营正常，未出现违规担保或资金占用，质押用途为非融资担保，风险相对可控。
• 公司承诺及时履行信息披露义务，投资者可关注后续信息披露，防范潜在风险。

备查文件

• 中国证券登记结算有限责任公司《证券轮候冻结数据表》
• 中国证券登记结算有限责任公司《证券质押及司法冻结明细表》
• 深交所要求的其他文件

免责声明

本文仅基于公司公告内容进行解读，不构成投资建议。投资者应结合自身风险偏好及市场变化，谨慎决策。公司后续若有质押比例变化、经营状况异常或其他重大事项，可能对股价产生进一步影响，敬请持续关注官方公告。

Li Yuan Precision Shares Pledged by Major Shareholder — Detailed Investor Analysis

Key Highlights

• Controlling shareholder Bei You Intelligent Technology (Changchun) Co., Ltd. (“Bei You Intelligent”) pledged shares: 320,000,000 shares, accounting for 9.01% of total equity and 40.00% of its holdings.
• Pledge date and conditions: Starting March 26/27, 2026, until the pledge registration is released. Pledgee is Jilin Jiutai Rural Commercial Bank Changchun Branch.
• Pledge purpose: Non-financing guarantee, not supplementary pledge.
• Bei You Intelligent’s shareholding: Holds 800,000,000 shares (22.54% of total equity). After the pledge, pledged shares account for 40.00% of its holdings and 9.01% of total equity.
• Risk reminder: No non-operating fund occupation or illegal guarantees harming the listed company. Operations normal, the pledge does not affect company control.

Things Investors Must Watch

• Large-scale share pledge: 320 million shares pledged at once (40% of holdings), although for non-financing guarantee. Such actions often raise concerns about liquidity or funding needs and potential margin call risks if share prices fall.
• No change in actual control: The announcement clarifies this pledge will not cause a change in company control, but investors should watch if the pledge ratio rises further.
• Operations remain normal, no illegal guarantees or fund occupation: Assets, business, finances are independent, with normal production and operations, easing governance concerns.
• Disclosure commitment: The company will closely monitor and disclose progress, investors should follow future disclosures closely.

Detailed Pledge Data

Potential Impact on Share Price

• The large-scale pledge may be seen as increased liquidity or funding needs, raising concerns about future pledge increases or margin call risk, possibly exerting downward pressure on share price.
• Currently, operations are normal, pledge is for non-financing guarantee, risks are relatively contained.
• The company will continue timely disclosures; investors should pay close attention to future updates and manage risks accordingly.

Reference Documents

• China Securities Depository and Clearing Corporation “Securities Waiting Freeze Data Table”
• China Securities Depository and Clearing Corporation “Securities Pledge and Judicial Freeze Details Table”
• Other documents required by SZSE

Disclaimer

This article is based solely on the official announcement and does not constitute investment advice. Investors should make decisions based on their own risk preferences and market conditions. Any changes in pledge ratio, business performance, or major events may further impact share price — please monitor official disclosures closely.

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