---
title: "JH Group terminates the issuance of stocks to specific objects"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233268630.md"
description: "JH Group announced the termination of the issuance of shares to specific objects. The relevant proposal was approved at the board of directors and supervisory board meeting on March 26, 2025. In the fourth quarter of 2024, the company's operating income was approximately 1.473 billion yuan, a year-on-year increase of 2%; net profit was approximately 145 million yuan, a year-on-year increase of 35%. The company has repaid approximately 323 million yuan of principal and interest on previous convertible bonds, and the debt-to-asset ratio has decreased to 38.91%. Considering the market financing environment and its own development plan, the company has decided to terminate this issuance and will ensure business development through optimizing capital operations"
datetime: "2025-03-26T10:43:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233268630.md)
  - [en](https://longbridge.com/en/news/233268630.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233268630.md)
---

# JH Group terminates the issuance of stocks to specific objects

According to the Zhitong Finance APP, JH Group (603518.SH) announced that the company will hold the 36th meeting of the fifth board of directors and the 35th meeting of the fifth supervisory board on March 26, 2025, to review and approve the proposal to terminate the issuance of shares to specific objects.

Since the board of directors approved this issuance plan, the company's business development has continued to improve. In the fourth quarter of 2024, the company achieved operating revenue of approximately 1.473 billion yuan, a year-on-year increase of about 2%, reversing the downward trend in revenue in the second and third quarters; the net profit for the fourth quarter was approximately 145 million yuan, a year-on-year increase of about 35%; the operating net cash flow for the fourth quarter was approximately 396 million yuan. The company has repaid approximately 323 million yuan in principal and interest for the unconverted portion of the previously issued convertible bonds using its own funds and bank loans as of January 2025. The company's debt-to-asset ratio has decreased from 40.12% at the beginning of 2024 to 38.91% at the end of the year. At the same time, the personal financing required for major shareholders to participate in the private placement has not yet been fully realized. Considering the current market financing environment and the company's development plan, the company believes that the current operating conditions and bank credit can meet the funding needs for business development, and will terminate the issuance of shares to specific objects. In the future, the company will continue to ensure the funding needs for business expansion and project advancement by optimizing capital operation efficiency and reasonably utilizing bank credit, thereby enhancing the company's value

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