Jinhongshun Holdings' shareholder's 8.81 million shares pledged reach default

NightAirdropper · 2026-02-26T08:39:00+00:00

Suzhou Jinhongshun Auto Parts Co., Ltd.'s majority shareholder's partial share pledge has reached a default point, facing a risk of control change. The company's operations are normal, but financial risks and market dynamics should be monitored. Investors are advised to be aware of the related risks.

NightAirdropper

2026-02-26 08:39:00

Abstract generation in progress

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 25, Suzhou Jinhongshun Auto Parts Co., Ltd. (Stock Code: 603922, Stock Name: Jinhongshun) announced that some of its controlling shareholder Hainan Zhongde Technology Co., Ltd.'s pledged shares have matured and triggered a default. The announcement involves five pledge financing agreements, totaling 8,810,000 shares that remain pledged, accounting for 24.95% of its holdings and 7.48% of the company’s total share capital. If Zhongde Technology cannot make timely repayments or reach a settlement, it may lead to legal action and further disposal of shares.

Additionally, all of Zhongde Technology’s shares in the company are currently pledged, judicially marked, judicially frozen, or pending freezing, posing a risk of actual control change. The company’s production and operations are normal at present, but control remains unstable. The company will continue to monitor developments and disclose information promptly, reminding investors to be aware of investment risks.

According to Tianyancha, Jinhongshun was established on September 23, 2003, with a registered capital of 179.2 million RMB. The legal representative is Hong Jiancong, and its registered address is No. 30 Changxing Road, Zhangjiagang Economic Development Zone, Jiangsu Province. Its main business involves the development, production, and sales of automotive body and chassis stamping parts and related molds.

Currently, the company’s chairman is Hong Jiancong, the secretary of the board is Zou Yifei, with 552 employees, and the actual controller is Liu Xu.

The company has 15 associated companies, including Shenyang Jinhongshun Auto Parts Co., Ltd., Changsha Jinhongshun Auto Parts Co., Ltd., Fuzhou Jinhongshun Auto Parts Co., Ltd., Suzhou Jinhongshun New Energy Technology Co., Ltd., Hongde Commercial Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 516 million yuan, 463 million yuan, and 866.7 million yuan, respectively, with year-over-year growth of 0.23%, -8.55%, and 87.21%. Net profit attributable to the parent was -11.93 million yuan, 6.14 million yuan, and -11.54 million yuan, with year-over-year changes of -162.30%, 151.48%, and -287.86%. During the same period, the company’s asset-liability ratio was 17.51%, 34.02%, and 30.43%.

Regarding risks, Tianyancha data shows the company has 61 internal Tianyan risks, 39 surrounding risks, 19 historical risks, and 153 warning alerts.

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