Karen Co., Ltd. Holding Shareholder Pledges 4 Million Shares for Financing

NightAirdropper · 2026-02-24T15:16:08+00:00

Jiangsu Kairen Building Materials Co., Ltd. announced that the controlling shareholder has pledged 4 million shares to Huaxia Bank for financing. The pledge accounts for 4.38% of their holdings, and the company currently has no liquidation risk. Kairen's main business is construction waterproof materials. Revenue fluctuated from 2022 to 2024, and net profit performance was poor, with many risk factors.

NightAirdropper

2026-02-24 15:16:08

Abstract generation in progress

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

On February 24, Jiangsu Kailun Building Materials Co., Ltd. (Stock abbreviation: Kailun Co., Ltd., Stock code: 300715) announced that the controlling shareholder, Kailun Holding Investment Co., Ltd., pledged 4 million shares of the company to Huaxia Bank Co., Ltd., Wujiang Branch, for financing needs. This pledge accounts for 4.38% of Kailun Holding’s holdings and 1.06% of the company’s total share capital.

As of the announcement date, Kailun Holding and its concerted parties have pledged more than 80% of their holdings in the company, but there is currently no risk of margin calls, and this will not lead to a change in actual control. Kailun Holding has a good credit standing and currently faces no short-term debt repayment risks.

According to Tianyancha, Kailun Co., Ltd. was established on July 13, 2011, with a registered capital of 378.05543 million RMB. The legal representative is Qian Lindi, and the registered address is No. 8 Hengtong Avenue, Qidu Town, Wujiang District, Suzhou. The main business includes new building waterproof materials and new display panel testing, compensation, and repair services.

Currently, the company’s chairman is Qian Lindi, the secretary is Chen Jie, with 1,167 employees, and the actual controller is Qian Lindi.

The company has stakes in 27 subsidiaries, including Suzhou Kailun Real Estate Co., Ltd., Kailun Smart Supply Chain Management (Shanghai) Co., Ltd., Suzhou Kailun New Materials Co., Ltd., Tangshan Kailun New Materials Technology Co., Ltd., and Suzhou Kailun Polymer New Materials Technology Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 2.128 billion yuan, 2.801 billion yuan, and 2.38 billion yuan, respectively, with year-over-year growth of -17.72%, 31.63%, and -15.02%. Net profit attributable to shareholders was -159 million yuan, 22.6372 million yuan, and -539 million yuan, with year-over-year changes of -321.09%, 114.24%, and -2479.49%. During the same period, the company’s asset-liability ratio was 61.46%, 62.70%, and 64.81%.

Regarding risks, Tianyancha data shows the company has 762 internal risks, 89 surrounding risks, 300 historical risks, and 140 warning risks.

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