Group 1 - The core issue is that Maqu Group failed to timely disclose information regarding a bankruptcy petition filed against it, which is a violation of regulatory requirements [1] - The Shenzhen Stock Exchange issued a regulatory letter to Maqu Group, emphasizing the importance of adhering to laws and regulations related to information disclosure [1] - Maqu Group became aware of the bankruptcy petition by January 4, 2026, but did not disclose this information until January 28, 2026, indicating a significant delay in compliance [1]

北京商报讯（记者 刘宇阳）2月3日，国信证券发布2025年前三季度分红派息实施公告。公告表示，拟 以2025年9月30日总股本102.42亿股为基数，向公司全体普通股股东每10股派送现金红利1元（含税）， 共派送现金红利10.24亿元，剩余尚未分配的利润转入下一期间。本次分红派息的股权登记日为2026年2 月10日，除权除息日为2026年2月11日。 ...

Core Viewpoint - The establishment of an artificial intelligence joint laboratory by Biran Technology in collaboration with Shanghai Yidian's Zhican Services and Jueyue Xingchen aims to promote the development of AI in line with national strategies for "independent control, safety, and reliability" [1] Group 1 - The joint laboratory focuses on technology co-creation, industry expansion, and ecological aggregation as its main directions [1] - The initiative supports a collaborative innovation model that integrates "national core, national model, and national application" [1] - The laboratory aims to serve as a paradigm for industrial application and ecological cooperation [1]

此外，北京人形还即将发布具身天工3.0。 本轮融资汇聚了北京市人工智能产业投资基金、亦庄国投、北京高精尖基金、华控基金等多家知名投资 机构，并获得百度、东土科技等产业方的战略投资。本轮融资资金将重点投入"具身天工"与"慧思开 物"两大核心平台的技术迭代与规模化推广，进一步推动具身智能机器人向"全自主、更好用"演进。 北京商报讯（记者 陶凤 王天逸）2月3日，北京亦庄宣布，北京人形机器人创新中心（以下简称"北京人 形"）完成首轮超7亿元市场化融资。 ...

Core Viewpoint - The announcement from Beiyinmei reveals that its controlling shareholder, Zhejiang Xiaobei Damei Holdings, has passed a creditor meeting vote for its pre-restructuring plan, indicating potential changes in control for the company, which was once a leader in the domestic milk powder industry [1][3]. Group 1: Restructuring Process - The pre-restructuring plan was approved by specific creditor groups, including secured creditors, general creditors, and investors, which is a preliminary step towards formal restructuring [3]. - The restructuring aims to help the struggling company recover by introducing strategic investors and debt swaps, with the approval signaling initial support from creditors for the proposed restructuring path [4][8]. - The success of the restructuring remains uncertain, as it depends on various factors, including court acceptance and execution of the restructuring plan [8]. Group 2: Financial Challenges - Xiaobei Damei Holdings holds 12.28% of Beiyinmei's total shares, with 98.85% of these shares pledged or frozen, highlighting a precarious financial situation [5]. - Beiyinmei's revenue has significantly declined from 61.17 billion in 2013 to 24.91 billion in 2018, with substantial losses recorded in 2016 and 2017, leading to a "ST Beiyinmei" designation due to delisting risk [5][6]. - The company's debt crisis has been a result of a decade-long financial imbalance, exacerbated by aggressive credit policies that increased accounts receivable dramatically [6]. Group 3: Future Outlook - The potential change in control due to the restructuring raises concerns about the stability of the management and strategic continuity during a critical transformation period for Beiyinmei [7]. - Despite the challenges, Beiyinmei has maintained that its operations are normal and that the restructuring process will not significantly impact daily operations [7]. - The outcome of the restructuring could influence the competitive landscape of the domestic milk powder industry, with various stakeholders potentially vying for control [8].

另外，关于关联交易，上市委要求新富科技说明收购大连环新股权的原因及必要性，相关收购整合是否 达到产品、技术、产业等协同目标，是否存在利益输送或其他利益安排；说明关联交易决策机制的合理 性，减少关联交易的具体措施及有效性。 （文章来源：北京商报） 2月3日晚间，北交所官网显示，安徽新富新能源科技股份有限公司（以下简称"新富科技"）IPO当日上 会获得通过。 据悉，新富科技自成立以来，一直专注于新能源汽车热管理零部件的研发、生产和销售，主要产品包括 电池液冷管、电池液冷板。公司IPO于2025年6月19日获得受理，并于当年7月15日进入问询阶段。本次 冲击上市，新富科技拟募集资金约4.09亿元。 在上市委会议现场，关于业绩真实性和可持续性，上市委要求新富科技说明在报告期内主要客户营业收 入未大幅增长的情况下，对公司采购大幅增加的原因及合理性；结合与主要客户合作的稳定性及开拓新 客户的可行性，说明经营业绩增长的可持续性。 ...

凯龙高科表示，通过本次收购，公司可快速获取精密传动功能部件的技术体系，成熟产能与优质客户资 源，在原有业务基础上增加精密传动功能部件业务，有助于公司完善机器人产业链布局，加快产业升级 战略落地的步伐。 北京商报讯2月3日晚间，凯龙高科（300912）披露重组预案，公司股票将于2月4日起复牌。 预案显示，凯龙高科拟通过发行股份及支付现金的方式向许照旺、安义拓荒者购买金旺达70%股权，并 向公司实际控制人臧志成发行股份募集配套资金。交易完成后，金旺达将成为公司的控股子公司。本次 交易预计构成重大资产重组，构成关联交易。 （文章来源：北京商报） ...

北京商报讯(记者孟凡霞周义力)2月3日，青岛农商行发布第五届董事会第十七次临时会议决议公告，会 议审议并通过了《关于选举青岛农村商业银行股份有限公司第五届董事会董事长的议案》，同意选举梁 衍波为该行第五届董事会董事长。梁衍波需经国家金融监督管理总局青岛监管局核准任职资格。 简历显示，梁衍波，1978年8月生，研究生学历，工商管理硕士学位。曾任博山农商银行党委书记、董 事长，山东省农村信用社联合社菏泽审计中心党委委员、副主任，枣庄农商银行党委书记、董事长，济 南农商银行党委书记、董事长。2025年12月至今，任青岛农商银行党委书记。 同日，该行2026年第一次临时股东会也审议通过了《关于选举梁衍波先生为第五届董事会执行董事的议 案》。 ...

白酒巨头们在资本市场撒出真金白银。经粗略计算，截至目前，4家白酒企业2025年中期分红累计达到425.36亿元，这次集中分红也被市场视为酒企"红包 雨"。 2025年12月10日，贵州茅台发布公告称，公司将以总股本12.52亿股为基数，每股派发23.957元现金红利（含税），共计派发300.01亿元（含税）；同日，五 粮液发布公告称，公司将以公司现有总股本38.82亿股为基数，向全体股东每10股派现金25.78元（含税），合计分配100.07亿元（含税），不送红股，不以 公积金转增股本；随后，2026年1月24日，泸州老窖发布2025年中期分红派息实施公告，计划以14.72亿股总股本为基数，向全体股东每10股派发现金红利 13.58元（含税），合计派现金额达19.99亿元；此外，古井贡酒发布公告称，拟以2025年9月30日股本总数5.29亿股为基数，向全体股东每10股派发现金红利 10元（含税），不送红股，不以公积金转增股本，共计派发现金红利5.29亿元。 对于此次分红，贵州茅台指出，此次利润分配方案综合考虑了公司目前的生产经营状况、未来发展资金需求、经营现金流等因素，不会对公司正常经营和长 期发展造成影响。 ...

Core Viewpoint - Double Tower Food, the world's largest pea protein producer, is facing significant pressure on its performance, with a projected net profit decline of 70.41% to 57.72% for 2025 compared to the previous year due to challenges in overseas exports and a decrease in pea starch prices leading to asset impairment [1][3]. Financial Performance - The company anticipates a net profit of 28 million to 40 million yuan for 2025, reflecting a substantial decline [1]. - For the first three quarters of 2025, asset impairment losses reached -68.99 million yuan, an increase of 40.42% from the beginning of the period, attributed to rising starch inventory and increased provisions for inventory depreciation [3]. - In 2021 and 2022, the company's net profits were 268 million yuan and -311 million yuan, respectively, showing a year-on-year decline of 24.12% and 216% [4]. - In contrast, the company saw a recovery in 2023 and 2024, with net profits of 93 million yuan and 95 million yuan, representing year-on-year growth of 130% and 1.48% [4]. Market Challenges - The European Union initiated an anti-dumping investigation against Chinese pea protein on September 1, 2025, affecting products with protein content exceeding 65% on a dry weight basis, with the sales of affected products accounting for 3.92% of total revenue in 2024 and increasing to 6.48% in the first half of 2025 [3]. - The company is experiencing dual pressures from external trade friction and internal price cycles, which have highlighted its limited bargaining power in the supply chain and the vulnerability of its business structure [4]. Strategic Initiatives - The company is actively expanding into emerging international markets and enhancing its domestic market presence, with domestic sales revenue increasing by 15.63% year-on-year in the first half of 2025, raising its revenue share to 53.89% [4]. - The Thai factory has been completed and is now operational, contributing to the company's international expansion efforts [4]. Competitive Positioning - As a leader in the pea protein market, the company possesses scale production capacity and mature production technology, providing a competitive edge [5]. - However, the domestic market faces intense competition, and the company's previous focus on B2B rather than B2C has resulted in relatively weak brand influence and a limited product matrix [5]. - There is potential for the company to leverage its production advantages to penetrate the domestic plant-based milk and meat markets while enhancing brand development and product innovation [5].