Share Pledge 股份质押
The badges are our classification; the headline is the filing's own title.
标签为本站分类，标题为公告原文。
What This Means 这类披露的含义
These notes describe the category of disclosure in general.
以下说明针对这一类披露的一般情况。
A major shareholder has pledged shares as collateral for a loan, or added to such a pledge.
大股东以所持股份质押借款，或进行补充质押。
Pledging is common. A high pledge ratio at a controlling holder raises the risk of forced selling if the price falls to the margin line, and forced selling can push the price lower still.
股份质押很常见。控股股东质押比例较高时，一旦股价跌至平仓线，就可能被强制平仓，而强制平仓又会进一步压低股价。
A holder's stake has crossed a disclosure threshold, or holders have formed, changed or ended an agreement to vote together.
股东持股比例触及披露门槛，或股东之间签订、变更或解除一致行动协议。
It shows who is building or reducing a position. A change among concert parties can shift control without a single share trading.
可以看出谁在增持、谁在减持。一致行动人之间的变化，无需一股成交就可能改变控制权。
Shares that a major shareholder pledged as collateral for a loan have been released.
大股东此前为借款质押的股份已解除质押。