Lijin Finance

Newsflash

• Agricultural Bank Of China Issued A Statement: Prohibiting The Use Of Its Services To Trade Virtual Currencies Such As Bitcoin To Combat Illegal Activities

  Sino-Singapore Jingwei Client, June 21 (Xinhua) The Agricultural Bank of China issued a "Statement on Prohibiting the Use of Our Bank's Services for Bitcoin and Other Virtual Currency Transactions" (hereinafter referred to as the statement) on its official website on the 21st.

  The statement stated that in order to further implement the spirit of the meeting of the Financial Affairs Committee of the State Council and strictly implement the "Announcement on Preventing the Financing Risks of Token Issuance" and the "Announcement on Preventing Speculation Risks in Virtual Currency Transactions" and other regulations, in accordance with the recent interview and guidance requirements of the relevant departments of the People's Bank of China, we will continue to carry out crackdowns and governance actions against virtual currency transactions.

  The statement mainly makes three points:

  First, we will resolutely not carry out or participate in any business activities related to virtual currency. We prohibit the access of customers involved in virtual currency transactions and will increase the investigation and monitoring of customers and fund transactions. Once relevant behavior is discovered, measures such as suspending account transactions and terminating customer relationships will be immediately taken and reported to the relevant departments in a timely manner.

  Second, in order to protect the legitimate rights and interests of customers and the security of funds in their accounts, please actively cooperate with due diligence, assist in fulfilling legal obligations, and combat illegal and criminal activities involving virtual currency mining and fund transactions.

  Third, customers should be highly vigilant about the risks of virtual currency-related business activities, improve risk prevention awareness and identification capabilities, and beware of being deceived. If you discover the above-mentioned relevant behaviors, you can call the customer service hotline to report it.

  The Agricultural Bank of China emphasized that it will strictly implement relevant national regulatory requirements, abide by industry self-discipline commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual is allowed to use our bank accounts, products, services, etc. for token issuance financing and virtual currency transactions.

  38 minutes ago

• Introduction To The Background Of The Birth Of Bitcoin And Methods To Solve Two Major Problems In The Electronic Payment Industry

  In 8 years, Bitcoin created a myth-the price increased nearly 3 million times, and the domestic price once exceeded 20,000 yuan. In this myth, different people see different stories. Speculators see opportunities to make money, technology geeks see technology that will change the future, and traditional financial institutions may see a growing ghost...

  Today, Galaxy Research Institute will talk about something lighter and introduce the two most popular brothers in the electronic payment industry, Bitcoin and Ethereum, and their underlying blockchain technology. Can they really reshape the world economy? After reading this article, I hope you can get your own answer.

  The birth of Bitcoin, the beginning of the revolution?

  When it comes to the electronic payment industry, the first thing we think of is either Alipay or WeChat. In fact, behind these two giants, there are two problems that have been plaguing researchers, and they are also problems that truly show the "ambition" of the electronic payment industry:

  The first is how to conduct online transfers between the two parties in need without going through an authoritative third party;

  The second is how to record payment information while conducting electronic transfers to avoid repeated payments and ensure the safety of funds.

  The solution of these two problems means that there will be an independent electronic currency system that has basically nothing to do with the current banking system.

  In 2008, a person or a technical group published a white paper titled "A Person-to-Person Electronic Cash Payment System" under the pseudonym Satoshi Nakamoto. Nakamoto proposed two solutions to these two problems:

  First, in person-to-person transfers, there is a need for an electronic currency whose value can be judged without being attached to a third-party pricing agency;

  Then, we need to have a decentralized digital ledger (once there is a center, it means there is still an "authoritative third-party institution" equivalent to a traditional bank, which is obviously not in line with the ideal world of these geeks) that can distribute transaction records and stored transaction information to computers around the world. Of course, the ledger operates in roughly the same way as other traditional accounting methods.

  In 2009, this technical solution that can transmit electronic wealth was officially launched. Its product form is Bitcoin, which has attracted widespread attention today. The underlying technical algorithm it relies on, which is now called blockchain technology, has been proven to have wider practical value and significance.

  Although blockchain technology has not yet entered the mainstream government thinking and discourse system, as mentioned before, it has revolutionized the world's economic development.

  

  1. Bitcoin surpasses Amazon

  Bitcoin is essentially a decentralized, person-to-person electronic currency system. This kind of electronic banknote has no asset collateral, and it can be issued and circulated without going through clearing and custody institutions such as central banks and banks. Transaction and asset data are stored in every corner of the world connected to the Internet.

  The transformation of human trading in the minds of geeks may look like this:

  barter

  Things - RMB, US dollars, rupees, rubles, pounds... - barter exchange

  Things-Electronic Currency-Exchange

  The first standardized value of Bitcoin was set at US$0.0008 on October 5, 2009, calculated based on the calculation that 1 US dollar equals 1309.03 Bitcoins. Each Bitcoin is currently trading at over $2,300. The intrinsic value of each Bitcoin has increased 2.9 million times.

  According to the Washington Post, if you had purchased $100 worth of Bitcoin seven years ago, those bitcoins would be worth more than $73 million today. By comparison, if you had invested $100 in Amazon stock during its IPO in 1997, your investment would be worth about $64,000 now.

  However, the intrinsic value of Bitcoin itself cannot be measured. Therefore, the speculative nature of Bitcoin as an electronic currency is much stronger than the stocks of companies such as Amazon. This means that short-term price fluctuations are very violent, and there is no basis for judgment on forward price trends.

  As Bitcoin continues to dominate news headlines around the world, many onlookers naturally have a question: How did Bitcoin come about?

  2. Are Bitcoins mined?

  One of the characteristics of Bitcoin is that there is no central bank as an issuing institution, so how did they come into being? In fact, it can be said that it was gradually mined by Bitcoin miners.

  

  The simplest analogy is to imagine the mining method of gold miners. Gold miners mine gold from the earth. As the gold is dug out and processed, the gold flowing into the market becomes part of the wealth and currency of the economy. The same is true for Bitcoin.

  Newly mined Bitcoins are obtained through a complex competitive mining process - miners are rewarded with Bitcoins by running computational programs using highly specialized hardware facilities.

  3. How to use Bitcoin?

  When Bitcoins are mined, how will they be used and in what situations?

  Bitcoin is traded on exchanges just like stocks, bonds, and currencies, and it can also be used as a currency to exchange services or goods.

  Japan is the first country in the world to officially announce that it accepts Bitcoin as a legal currency. As Japan treats Bitcoin as a currency, it is expected that the number of suppliers and merchants that accept Bitcoin as a currency for purchasing goods and services will increase from 1,000 to 100,000.

  

  Such awesome technology and products that may "subvert the world" have received great attention since their emergence, and their value has continued to skyrocket. At present, the number of Bitcoin investors, enthusiasts, including some business people and even financial institutions is already very large.

  The most important thing is that with its development, the two functions originally envisioned have been gradually realized and improved, and the idea of ​​whether it can be used as an equivalent electronic currency has been confirmed. Seeing that the originator of electronic currency was so popular and did not die on the beach, thousands of digital currencies were designed and generally kept their value rising. Among them, the most famous latecomer with high market value is Ethereum.

  The current total market value of Bitcoin is approximately US$37 billion, and the total market value of Ethereum during the same period is approximately US$16 billion. While Bitcoin was the first electronic currency to appear on the market and thus received most of the media attention, many believe that the Ethereum blockchain and the Ethereum currency based on this technology will become a more powerful tool.

  Competitor Ethereum

  In the electronic payment industry, another white paper "impacting the world" has appeared.

  In 2013, 19-year-old Vitalik Buterin first mentioned the idea of ​​Ethereum in a book titled "Ethereum White Paper: The Next Generation of Intelligent Connection and Decentralized Application Platform". Then in 2014, the Ethereum algorithm and protocol were officially implemented, and US$150 million was raised. The system itself was finally completed on July 30, 2015.

  

  Vitalik Buterin

  There is an issue that we need to understand very much, and it is also the biggest competitive potential and focus of debate on this platform: that is, Ethereum is not only an electronic currency, but also a platform and smart contract system based on blockchain technology, which can be used to build applications, and electronic currency is just one of the manifestations of this technology.

  Similar to financial instruments, properties, domain names, and more complex financial product transactions, derivatives, gambling, as well as identity recognition and personal credit systems that involve the circulation and recording of information and wealth, Ethereum theoretically has a lot of room for development.

  Take smart contracts as an example:

  Smart contracts are Ethereum’s important contribution to the rapidly expanding field of electronic currency and blockchain technology. It can be seen as a way to use digital means to ensure the security of value exchange and other links. It can save the expensive services provided by professionals such as lawyers and notaries in a transparent and disintermediated way, and instead ensure the validity of the contract by executing the digital terms of the smart contract itself.

  1. Ethereum VS Bitcoin

  Now, let’s talk about another unique feature of Ethereum – the digital currency Ethereum.

  Ethereum is a digital currency like Bitcoin, but the difference is that Ethereum has two digital currencies circulating and trading in the market. One of them uses ETH as the transaction token, and the other is called classic Ethereum, which circulates transactions under the token of ETC.

  

  ETC

  

  ETH

  The Ethereum Foundation defines the role of Ethereum as a fuel, or a means of payment that allows customers to pay for performing requested operations on servers in the Ethereum platform.

  In 2016, a huge scandal shocked the Ethereum community. A still-unidentified hacker exploited a software vulnerability to try to steal more than $50 million worth of Ethereum. The result of this incident was the birth of the second type of Ethereum for transactions.

  2. Where did Ethereum come from? What does it do?

  Similar to Bitcoin, Ethereum is obtained through mining, with teams of miners verifying and storing Ether, which is then traded on the Ethereum platform. While Bitcoin and other digital currencies can be used to purchase goods or services, as mentioned before, Ethereum is primarily used to pay for fees incurred by users on the Ethereum network.

  The value foundation of Bitcoin and Ethereum: Blockchain

  Finally, let’s talk about the value foundation of Bitcoin and Ethereum—blockchain technology. The original idea of ​​the framework proposed by Nakamoto was to allow individuals to quickly complete online transactions without the need for traditional middlemen or third parties. This technical framework is currently known as blockchain.

  Blockchain is an indestructible digital ledger that can be set up to record not just financial transactions, but almost any valuable information without fear of tampering.

  In the simplest model, the blockchain is a simple distributed ledger, but the inherent meaning of the blockchain is far greater than the superficial meaning of its name. Blockchain can transfer value itself during the transaction process. As Sally Rivers, a technology writer at the Financial Times, said, for Bitcoin, blockchain is to it what the Internet is to email.

  Just as email facilitates the communication of information, blockchain facilitates the transfer of wealth.

  Areas where blockchain technology is being rapidly explored and deployed include capital markets, financial services, payment and remittance, derivatives trading, credit management, government governance, sharing economy, supply chain, auditing, stock trading, the Internet of Things, insurance, healthcare, and many more.

  Although digital currencies such as Bitcoin and Ethereum have achieved extraordinary development speed, their size and value are still insignificant compared to the traditional monetary system. It is still difficult to predict how much impact digital currencies will have on the traditional monetary system backed by assets or sovereign credit in the future.

  But the development value of blockchain technology goes without saying. It is foreseeable that the blockchain technology hidden in the gorgeous figure of digital currency will be well integrated with the traditional financial industry. In the future, currency transactions, financial asset transactions and transfers, including personal credit records will all rely on the security protection brought by blockchain technology. Perhaps blockchain will be the "ghost" that accompanies the traditional financial system's transition to an unknown digital monetary and financial system.

  Reference article: Billy Silva, “Blockchain for the Rest of Us”.

  38 minutes ago

• Lei Chunian, The Young Hero Of The Wenchuan Earthquake, Became A Fraudster, Comparing The Different Endings With Lin Hao

  Dear readers! Today I will tell you a story, a true heroic legend that happened in the 2008 Wenchuan earthquake, and how a once-high-profile young hero jumped from the spotlight and fell into the abyss of criminals. Don't go away, this story has just begun!

  We need to get to know the two protagonists: Lin Hao and Lei Chunian. Both of these young men showed off their superhero skills during the 8-magnitude earthquake in 2008. At that time, an earthquake struck and the campus instantly became a disaster scene, but Lin Hao and Lei Chunian did not hesitate to join the rescue effort. Lin Hao, a veritable "young hero", risked his life to save seven classmates and became a legend on campus.

  

  Lei Chunian is also a brave hero. After the earthquake, he attracted much attention and even became the torchbearer of the Olympic flame. Everyone's enthusiasm for him was overwhelming. Police cars cleared the way and citizens welcomed him, as if he was the light of salvation back then.

  The turning point of the story is here. Lin Hao chose to keep a low profile, but he was brave and composed a perfect swan song with his young life. And what about Lei Chunian? He is like a naughty and mischievous superhero, but he has embarked on the completely opposite path to Lin Hao.

  

  Lei Chunian became a prisoner and a despised fraudster. Sound like a movie plot? But this is what happens in real life. His name once resounded in the streets, but in just a few years, he went from hero to criminal.

  Back when the Wenchuan earthquake occurred, Lin Hao rushed in and rescued his classmates one by one, regardless of his personal safety, when the teaching building was in danger of collapsing. His courage and calmness gave everyone hope for life, but unfortunately, his life came to an end. This true heroic story allows us to see the fragility and value of life.

  In contrast, Lei Chunian's transformation is disappointing. Once highly sought after, he gradually became snobbish and vain as his fame rose. He became obsessed with fame and fortune, using false promises to defraud people around him of their money. From his girlfriend to his friends, and even his relatives, Lei Chunian's deceitful path has been dangerous at every step.

  In the end, his scam was exposed, and the applause of society turned into handcuffs of trial. This once highly respected hero has turned into a street rat that everyone shouts about and faces a 12-year prison sentence. He showed no remorse for his crimes, as if he felt that this was the treatment a hero should receive.

  

  This story tells us that fame and fortune are not everything. The real hero is to use his life to save others, rather than to use deception to hurt others. Perhaps, life is a game of choice, and every step may change your destiny. In the pursuit of fame and fortune, we must always be vigilant and not let ourselves get lost in the halo of illusion.

  In this story, we see the fragility and value of life, and how a hero falls step by step under the temptation of fame and fortune. Perhaps, this is also a warning to each of us, so that on the road to pursuing our dreams, we should keep a clear mind, never forget our original aspirations, and move forward bravely.

  

  People can't help but wonder, if Lin Hao, the young hero who saved people back then, was still alive, what would he think of his former classmate Lei Chunian? Perhaps, the greatest hero in life is not only able to save people from dire straits, but also able to keep the purity of the soul and not be blinded by the beauty of the world.

  Okay, dear readers, this is today’s story. If you feel sad about the fate of these two young heroes, would you also think about it, what kind of life path would you choose if it were you?

  

  38 minutes ago

• Starting From July 22, Kunming Bus K22, 106, And 169 Will Be Partially Optimized And Adjusted.

  Yunnan Net News (Reporter Duan Peng) The reporter learned from Kunming Public Transport Group that in order to meet the travel needs of citizens, the bus line network structure will be optimized and the coverage of bus lines along Hubin West Road, Xingti Road, Wanda Avenue, Haidong Road, Fujiaying Road and other roads will be strengthened. Starting from July 22, Kunming Public Transport Group will carry out partial optimization and adjustment of three bus lines including K22, 106 and 169.

  K22 road

  The starting and ending stations of K22 Road are "Peninsula Parking Station (starting station) - Qianxing Road Bus Hub Station (ending station)". After the adjustment, the starting and ending stations of K22 Road and the ticket price remain unchanged, and the operating hours are adjusted to 7:00-18: 00 (specific departure time: 7:00, 16:30, 18:00), the outbound journey will follow the original route to Huanhu East Road, and return to the original route via Huanhu East Road, Dianchi Huizhan West Road, and Wujiaba Road; the round trip will be repeated. Five new bus stops including "Dianchi Convention and Exhibition Center (Huanhu East Road), Huanhu East Intersection (Huizhan West Road), the middle section of Huizhan West Road (going), and Huizhan North Intersection (Huizhan West Road) (return)" have been added, and three bus stops including "Dianchi Convention and Exhibition Center (Huizhan South Road), Dianchi Convention and Exhibition Center Hall 4, and Huizhan West Intersection (Huizhan North Road) (return)" have been cancelled.

  

  Route 106

  The current starting and ending stations of Route 106 are "Dianchi Acropolis Blue Bay (starting station) - Panjiawan (Renmin West Road) (ending station)". After the adjustment, the starting and ending stations of Route 106 are "Haigeng Park East Gate (starting station) - Panjiawan (Renmin West Road) (ending station)". The operating hours and ticket prices remain unchanged. The outbound journey starts from the "East Gate of Haigeng Park" and returns to the original route via Hubin West Road, Xingti Road, Wanda Avenue, and Xingti Road, and then repeats the round trip. Five new bus stops including "Haigeng Park East Gate (starting station), Tiyuan Intersection (Xingti Road), Dianchi Acropolis Blue Bay South Gate (return), Dianchi Acropolis Blue Bay, and Xingti Road North Section (return)" have been added, and three bus stops including "Dianchi Acropolis Blue Bay (starting station), Dianchi Acropolis Community (return), and Xingti Road Intersection (Hongta East Road) (return)" have been cancelled.

  

  Route 169

  The starting and ending stations of Route 169 are "Century City Park (starting station) - Baofeng Metro Station (ending station)". After the adjustment, the starting and ending stations, operating hours, and ticket prices of Route 169 remain unchanged. The outbound route and stops remain unchanged. The return journey will follow the original route to Yunxiu Road, and then return to the original route via Yunxiu Road, Haidong Road, Gudukou Road, Fujiaying Road and Yunxiu Road. Two new bus stops including "Wanliuhai Community (back) and Haidong Road (Gudukou Road) (back)" have been added, and three bus stops including "Zhongying (Yunxiu Road) (back), Longma Community Neighborhood Committee (back), Longma Village (Yunxiu Road) (back)" have been cancelled.

  

  39 minutes ago

• Semi-annual Evaluation Of Jingjin Equipment’s 2025 ‘Improving Quality, Increasing Efficiency And Focusing On Returns’ Action Plan

  Securities code: 603279 Securities abbreviation: Jingjin Equipment Announcement number: 2026-003

  The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

  In order to actively implement the investor-oriented concept, respond to the call of the Shanghai Stock Exchange, and promote the company's high-quality development and investment value enhancement, Jingjin Equipment Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Jingjin Equipment Co., Ltd. 2024 "Improving Quality, Efficiency and Emphasis on Return" Action Plan Annual Evaluation Report and 2025 "Improving Quality, Efficiency and Emphasis on Return" Action Plan on the website of the Shanghai Stock Exchange on August 27, 2025 (Announcement Number: 2025-023). Since the release of the 2025 “Improving Quality, Increasing Efficiency and Focusing on Returns” action plan (hereinafter referred to as the “Action Plan”), the company has actively carried out and implemented relevant work. The company held the third (temporary) meeting of the fifth board of directors on February 25, 2026, and reviewed and approved the "Proposal on the Semi-annual Evaluation Report of the Company's 2025 "Improving Quality, Efficiency, and Focus on Returns" Action Plan. The implementation progress and evaluation status of the action plan are now reported as follows.

  1. Focus on strengthening the main business and improving the quality of operations

  The company has always adhered to the business philosophy of "precision, innovation, integrity and responsibility", centered on the company's development strategy, actively responded to market changes, promoted technological innovation and product upgrades, strived to develop the supporting equipment market, and strengthened operational management. Although operating income and net profit have declined, the overall operation has remained stable. In the first three quarters of 2025, the company's operating income was 4.200 billion yuan, a year-on-year decrease of 10.70%. The net profit attributable to shareholders of listed companies was 435 million yuan, a year-on-year decrease of 34.53%. The net cash flow generated from operating activities was 658 million yuan, a year-on-year increase of 11.73%.

  The company has always focused on strengthening its main business, constantly enriching the types of complete sets of filtration equipment, continuing to meet the needs of users, and creating greater value for customers. The complete set of filtration equipment produced by the company includes various filter presses, thickeners, energy-saving feed plunger pumps, prefabricated substations, MVR evaporators, multi-effect evaporators, reaction kettles, pressure vessels, belt concentrators, mixers, Snail stacking concentrator, snail stacking dehydrator, automatic dosing machine, dosing online intelligent analyzer, belt conveyor, screw conveyor, scraper conveyor, bucket elevator, filter cake crusher, vehicle-mounted skid-mounted mobile sludge does not fall to the ground Complete sets of equipment, lime silos, flotation machines, U-shaped mixers, clarifiers, garbage sorting vibrating screens, cage screens, leaf filters, low-temperature dryers, sludge silos, high-efficiency fine particle classification screens, TPS sorters, static mixers, impurity removal machines, steel structure platforms, steel structure supports, anti-corrosion tanks, dissolving tanks, mixing tanks and other complete sets of equipment are widely used in environmental protection, mining, chemical industry, new energy, new materials, biology, food, medicine, health care products and other fields. The technical level of the company's products continues to improve, and the industrialization of complete sets of equipment continues to advance, providing support for the company's sustainable development and strategic transformation.

  The company actively promotes project construction. On December 20, 2023, the company's board of directors reviewed and approved the "Proposal on Investment and Construction of the Second Phase Project of Industrialization of Complete Filtration Equipment". In order to further expand production capacity, the company built the second phase of the filtration equipment industrialization project and won the land use rights for the project on December 24, 2023. At present, the project has been partially put into production.

  2. Pay attention to shareholder returns and share development dividends

  In order to further standardize and improve the company's profit distribution policy, establish a scientific, sustainable and stable shareholder return mechanism, and safeguard the legitimate rights and interests of small and medium-sized shareholders, the company has formulated the "Company's Shareholder Dividend Return Plan for the Next Three Years (2025-2027)" based on the company's strategic planning, profitability, shareholder returns, external market environment and other comprehensive factors.

  In order to increase investor returns and share operating results, the company has implemented and completed the annual profit distribution plan for 2024 and the profit distribution plan for the first three quarters of 2025 based on actual conditions. In May 2025, based on the company's total share capital of 576,457,000 shares before the implementation of the 2024 annual profit distribution plan, the company distributed a cash dividend of 0.40 yuan (tax included) per share, for a total cash dividend of 230,582,800 yuan (tax included). In December 2025, based on the company's total share capital of 576,373,000 shares before the implementation of the profit distribution plan for the first three quarters of 2025 and after excluding the repurchase and cancellation of restricted stocks, the company distributed a cash dividend of 0.50 yuan (tax included) per share, with a total cash dividend of 288,186,500 yuan (tax included).

  Since its listing in 2019, the company has distributed a total of 3.183 billion yuan in cash dividends to reward shareholders with practical actions, build long-term investment value with investors, and share the results of corporate development.

  3. Adhere to innovation-driven and enhance product competitiveness

  The company implements an innovation-driven strategy, insists on promoting technological innovation, improves the company's innovation capabilities, and leads development with innovation. The company's technology research and development and innovation system continues to improve, and the company's product categories continue to enrich, promoting the iteration, optimization and upgrading of products and technologies. The company's product technology level continues to improve, and the industrialization of complete sets of equipment continues to advance, which can meet customers' personalized and integrated product development needs, providing support for the company's sustainable development and strategic transformation.

  The national standard "Chemical Equipment Safety Management Specifications" that the company participated in drafting will be implemented on June 1, 2025, and the drafted industry standard "Screw Press Filter" will be released and implemented in 2025. In 2025, the company has obtained 23 authorized domestic patents and 2 international invention patents. Under the guidance of innovation, the company's complete sets of equipment have been continuously expanded in applications in mining, environmental protection, new energy, new materials, chemical industry and other fields, which not only promotes the stable development of the company's existing business, but also provides good technical reserves and support for the company's future sustainable development.

  4. Strengthen investor communication and convey company value

  The company attaches great importance to investor relations management and performs its information disclosure obligations in strict accordance with the provisions of laws and regulations such as the Company Law and the Securities Law, as well as the regulatory requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange. In 2025, the company issued a total of 6 regular reports (including annual reports and semi-annual report summaries) and 45 temporary announcements, fully disclosing information such as the company's main business development, system revisions, equity distribution, and equity incentives.

  The company continues to pay attention to the needs of investors, continues to improve the multi-level investor interaction and communication mechanism, continuously expands the breadth and depth of communication with the capital market, responds to investor concerns through multiple channels, deepens investors' understanding of the company's production and operations, and better conveys the company's investment value. In 2025, the company strictly complied with regulatory requirements and organized multiple performance briefings such as the 2024 and first quarter 2025 performance briefing, the 2025 half-year performance briefing, and the third quarter 2025 performance briefing. It fully communicated on the company's operations, financial status, development strategy and other issues that investors were concerned about, actively conveyed the company's investment value, enhanced the market's understanding of the company, and enhanced investors' confidence in the company's future development.

  The company pays attention to diversified communication with investors, strengthens communication with small and medium-sized shareholders, and maintains communication with small and medium-sized investors through various methods such as the company's investor hotline, email, and SSE e-interactive. During working hours, it ensures that the investor hotline is answered in a timely manner and investors' questions are promptly answered on the SSE E-interactive platform. At the same time, the company attaches great importance to investor feedback, carefully listens to and records investor feedback in daily communications with investors, collects investor suggestions and demands, and promptly communicates them to the company's management. It fully considers investors' opinions and suggestions and strives to improve related work.

  5. Improve governance mechanisms and adhere to standardized operations

  The company actively implements the reform measures of the board of supervisors, further improves the governance mechanism of listed companies, improves the governance system, and clarifies the division of powers and responsibilities between the shareholders' meeting, the board of directors and the operating management. It no longer establishes a board of supervisors and supervisors, and the audit committee of the company's board of directors exercises the powers of the board of supervisors stipulated in the Company Law.

  The company further improved its governance structure, renamed the Strategy Committee of the Board of Directors as the Strategy and ESG Committee of the Board of Directors, and adjusted the responsibilities of the Strategy and ESG Committee of the Board of Directors. The company strictly complies with the requirements of laws, regulations and normative documents such as the "Company Law" to complete the election of the fifth board of directors and senior managers, improve the diversity of the board of directors, and provide guarantee for the company's scientific decision-making.

  In accordance with the provisions of relevant laws, regulations and normative documents, and in combination with the company's actual situation, the company has systematically formulated and revised systems such as the "Company Public Opinion Management System", "Company Directors and Senior Management Resignation Management System", "Company Articles of Association", "Company Rules of Procedure for Shareholders' Meetings", "Company's Rules of Procedure for Board of Directors", etc., further improving the company's system construction and promoting the company's standardized operations.

  The company convenes shareholders' meetings, board of directors, board of supervisors and various special meetings in accordance with regulations. In 2025, the company held a total of 3 shareholders' meetings, 10 board of directors meetings, 6 board of supervisors meetings, and a total of 16 meetings of special committees of the board of directors to conduct demonstrations and perform review procedures on major matters such as regular reports, profit distribution, lifting of restrictions on equity incentives, cancellation of the board of supervisors, general elections, and revision of the "Articles of Association".

  6. Strengthen the responsibility of “key minority” and promote high-quality development of the company

  In accordance with the relevant provisions of the Company Law, the Measures for the Administration of Independent Directors of Listed Companies, the Shanghai Stock Exchange Stock Listing Rules and other laws, regulations and normative documents, the company continues to strengthen the normative awareness and responsibility awareness of the "key minority", strengthens the study of relevant laws and regulations in the securities market, improves the ability to perform duties, and promotes the company's long-term stable development. In 2025, the company organized "key minority" personnel to actively participate in training on compliance management of listed companies organized by the Shanghai Stock Exchange, Shandong Association of Listed Companies and other institutions to keep abreast of regulatory developments, systematically study securities regulatory laws, policies and typical cases, and improve governance decision-making and risk prevention and control.

  7. Other matters

  The company will focus on its main responsibilities and businesses, strive to improve its operation and management level, and continuously enhance its core competitiveness, profitability and risk management capabilities. Through good performance and standardized corporate governance, we will effectively fulfill the responsibilities and obligations of listed companies, return the trust of investors, maintain a good market image, and promote the stable and healthy development of the capital market.

  The forward-looking statements of the company's plans and development strategies involved in this report do not constitute the company's substantive commitment to investors. Investors are advised to pay attention to the relevant risks.

  Announcement is hereby made.

  Board of Directors of Jingjin Equipment Co., Ltd.

  February 26, 2026

  39 minutes ago

• A Young Hero From Wenchuan Vowed To Be Admitted To Tsinghua University, And Now He Has Obtained His Certificate And Married A Beautiful Wife. Fair Skin, Enviable Beauty

  On May 12, 2008, Wenchuan County, Sichuan Province, China suffered a strong earthquake with a magnitude of 8.0.

  Many buildings were reduced to rubble in the disaster.

  Tens of thousands of people were injured and thousands died in the hardest-hit areas. The disaster was very tragic.

  The earthquake destroyed the epicenter and caused immeasurable damage.

  

  All this happened on the campus of a primary school in Wenchuan County.

  The teaching building collapsed easily like building blocks in a strong earthquake, and students were trapped under the rubble.

  Lin Hao, a nine-year-old boy who was in class at the time, instinctively hid under the table when the earthquake struck.

  

  After the earthquake, Lin Hao tried his best to crawl out from under his desk. Looking around, he saw that the once neat and bright classroom was in devastation.

  The entire campus was filled with deafening cries, calls for help, and wailings, which came from the helpless lives in the ruins.

  Lin Hao's heart was touched, and he started the rescue operation without any hesitation, using his hands and feet to rescue two classmates from the ruins.

  

  At the same time, Lin Hao's teacher Fan Meizhong had already fled the scene when the earthquake struck. He was nicknamed "Fan Paopao" by netizens afterwards.

  In contrast, Lin Hao showed calmness and bravery beyond his peers, and did his best to save two classmates who were buried under the rubble, thus winning the reputation of the "Little Hero of the Wenchuan Earthquake".

  

  Young heroes, burning dreams in Beijing.

  People across the country are deeply saddened by this huge disaster, and countless love and donations continue to pour into Sichuan.

  Lin Hao's heroic deeds spread quickly through the media, and his name resounded at home and abroad, and he was regarded as a symbol of national hero.

  After the disaster, people across the country were deeply moved by the tragedy.

  

  On August 8, 2008, on the stage of the opening ceremony of the Beijing Olympic Games, the eyes of the whole world were focused on China.

  Lin Hao is honored to join basketball star Yao Ming as the most eye-catching torch bearer in the country.

  The whole world witnessed this little boy standing at the center of the world stage through live television.

  

  In an interview with CCTV, Lin Hao said passionately: "I dream of one day being admitted to Tsinghua University and studying architecture.

  I want to design a house that will not be easily shaken by earthquakes, so that more people can be protected from the threat of disaster.

  "His words were sincere and pure, winning warm applause from the audience.

  

  After Lin Hao's dream of becoming an architect at Tsinghua University was shattered, he did not give up, but chose to continue studying hard, which made him a good boy in everyone's eyes.

  However, at this time, some negative voices began to appear.

  

  Frustrated in his acting career, he was criticized and criticized.

  Although Lin Hao's inspirational story has touched countless people, there are still netizens who express doubts about the nine-year-old boy's statement that he wants to take the Tsinghua University entrance examination to learn to build earthquake-resistant houses.

  Some even accused him of becoming arrogant after gaining a halo and gradually losing his original intention and correct ideals.

  

  Major film and television companies are vying to invite Lin Hao to star in movies and TV series, hoping to use his influence to drive business opportunities.

  Under the temptation of the outside world, Lin Hao's study career was once interrupted and he turned to the entertainment industry.

  

  By 2014, Lin Hao had completely given up on his dream of attending Tsinghua University and instead applied for the performance departments of several art schools.

  However, because his academic performance was seriously behind, he found that he could not be admitted even if he took the exam, and repeatedly hit the wall.

  

  Lin Hao lost his ambition to get into Tsinghua University, but was severely criticized by netizens, who accused him of being "dazzled by fame" and "completely fishing for fame."

  People had high hopes for the "little hero of Wenchuan" who was favored by God. Now that they see him going astray, they naturally feel very disappointed and melancholy.

  

  A low-key return, the road to self-reliance.

  After three years of confusion and struggle, Lin Hao suddenly woke up in 2018.

  He gave up his dream of becoming a star and decided to get back on track with his studies, enrolling in a lesser-known college in Shanghai.

  

  After Lin Hao entered college, he faced ridicule from his family and cold treatment from his classmates.

  However, he was not defeated. Instead, he devoted himself to studying and relied on work-study to make ends meet.

  In his junior year, Lin Hao founded the campus second-hand market, creating living expenses not only for himself but also for his classmates.

  

  Although it was just an ordinary junior college, Lin Hao was not discouraged.

  "As a college student, I am already very content.

  "He often said this to his friends.

  Since 2016, Lin Hao has returned to his hometown in Wenchuan, Sichuan every year to release a charity album, aiming to raise funds for the Hope Primary School in the impoverished areas of Wenchuan, Sichuan.

  

  In 2018, Lin Hao established the "Lin Hao Love Foundation" to support poor students in his hometown.

  This matter has always been an important mission that Lin Hao has in mind.

  Through practical actions, Lin Hao showed that he still has a pure and kind heart.

  

  The sunny boy finally got a new life.

  In 2020, the news of Lin Hao's marriage suddenly caused an uproar on the Internet, seeming to make people remember this former "little hero" again.

  The bride's name is Charlie Zelam, a Tibetan girl from a well-off family who has been passionate about various artistic talents since she was a child.

  They met and fell in love at a little-known Shanghai college and are still in love today.

  

  This sensational marriage once again attracted the outside world's attention to Lin Hao's life.

  In the next two years, 26-year-old Lin Hao moved to Wenchuan, Sichuan with his wife, and chose to settle in his hometown, a land closely linked to his destiny.

  

  In 2022, Lin Hao joined the Communist Party of China.

  In the same year, the local government hired him as the publicity ambassador of Yingxiu Town in Wenchuan County.

  Through new media such as short videos and live broadcasts, Lin Hao uses his own personal experience to tell the outside world the story of Wenchuan people's continuous self-improvement and hard work.

  

  At present, Lin Hao is 28 years old and has become a young man with ideals. He has devoted himself to agriculture, tourism and other industries, and is committed to promoting the development and construction of his hometown.

  Although the glory of the past is no longer there, his life course shows us that everyone should move forward steadily and strive to pursue their ideals.

  

  In general, as a "little hero" who emerged from the 2008 Wenchuan earthquake, Lin Hao's story has deeply moved people of all ethnic groups across the country.

  Although he lost his way, he eventually found the right path in life again.

  

  Although he did not achieve great fame, he demonstrated his persistent pursuit of ideals and society with his practical actions.

  An ordinary person can also live a brilliant life through his own efforts.

  

  Conclusion.

  Lin Hao's life journey is full of twists and turns and hardships.

  However, it was these setbacks and trials along the way that shaped his simple, sincere, and kind character.

  

  Today, Lin Hao has emerged from the trough of his life and is showing his youthful vitality in the sunshine again.

  Lin Hao explained to us through his actions that everyone should have dreams, but they must be down-to-earth and rely on their own efforts to realize their dreams.

  Only in this way can life shine with its unique brilliance.

  

  Lin Hao's life journey records the process of a child who was once hailed as a "little hero" from glory to loss, to rediscovering faith, and finally shining in the ordinary.

  

  Lin Hao used practical actions to interpret the spirit of unremitting pursuit and struggle, proving that everyone can create a brilliant life through their own efforts.

  Lin Hao's story inspires us that no matter what difficulties we face, we should persist in our dreams and move forward steadily, so that we can regain the light of life.

  

  2 hours ago