长江商报消息 ●长江商报记者 江楚雅 煤炭行业龙头兖矿能源（600188.SH）再启战略布局。 近日，兖矿能源公告称，全资附属公司兖矿东华重工拟以3.45亿元收购山东能源装备集团高端支架制造 有限公司（下称"高端支架公司"）100%股权。此次收购不仅将有效破解同业竞争，加速装备制造业一 体化布局，更与公司2025年产能增长、成本管控的核心目标形成协同，为煤矿智能化建设与高质量发展 注入新动能。 前三季度，该公司商品煤产量达1.36亿吨，同比增加882万吨，增幅6.9%，创同期历史新高。兖矿能源 预计全年商品煤产量将历史性突破1.8亿吨。 3.45亿关联收购解决同业竞争 兖矿能源公告称，全资附属公司兖矿东华重工有限公司拟收购山东能源集团重型装备制造（集团）有限 公司持有的高端支架公司100%股权，交易价格为3.45亿元。 此次收购的核心标的高端支架公司，是控股股东山东能源集团旗下山能装备的全资子公司，主营业务涵 盖矿山机械制造、通用设备修理、特种设备销售等，与兖矿能源全资附属公司东华重工存在业务同质 化，构成同业竞争关系。从交易性质来看，因交易对手方为控股股东关联方，此次交易构成关联交易， 但未达到《上市公司重 ...

长江商报消息 鼎泰高科（301377.SZ）稳步推进港股IPO。 12月1日晚间，鼎泰高科公告称，公司已于当日向香港联交所递交了发行H股股票并在香港联交所主板 挂牌上市的申请，并于同日在香港联交所网站刊登了本次发行上市的申请材料。 作为全球最大的PCB（印制电路板）钻针生产商，鼎泰高科于2022年11月在创业板上市。此次瞄准A+H 同步上市，鼎泰高科意在深化公司全球化战略布局，推进国际化平台建设，增强综合竞争力。 长江商报记者注意到，海外市场方面，鼎泰高科泰国生产基地成功实现量产，海外产能稳步提升，推动 海外业务收入强劲增长。2025年上半年，鼎泰高科实现境外收入7873.41万元，同比增长124.09%，占营 业收入比重8.71%。 2025年以来，随着人工智能、数据中心等市场需求快速提升，身处于PCB产业链上游的鼎泰高科盈利能 力持续回温。 2025年前三季度，鼎泰高科实现营业收入14.57亿元，同比增长29.13%；归属于上市公司股东的净利润 （以下简称"归母净利润"）2.82亿元，同比增长63.94%。 据统计，按截至2025年6月30日的6个月的销量计，鼎泰高科在全球PCB钻针市场的市场份额由202 ...

长江商报消息 ●长江商报记者 徐佳 跨界布局半导体芯片行业，园林股份（605303.SH）一笔对外投资引发多方质疑。 12月1日晚间，园林股份抛出资产购买计划，园林股份及其全资子公司拟作价1.12亿元，收购杭州华澜微电子股份 有限公司（以下简称"华澜微"）6.4969%股权。 对于园林股份而言，本次参股华澜微，是其跨界布局半导体芯片行业的重要举措。 值得关注的是，此笔收购很快引起监管部门高度注意。 收购案发布当日晚间，上交所火速对园林股份下发问询函，就华澜微的业绩、本次交易目的合理性、交易估值、 交易支付安排、内幕交易等五个方面进行详细问询。 然而，长江商报记者注意到，2022年12月，华澜微曾申报科创板IPO，但2024年5月撤单。但近年来，华澜微营收 规模下滑且一直未能盈利。本次交易中，华澜微整体估值17.25亿元，评估增值率达265.23%。在自身主业持续亏 损的背景下，园林股份购买持续未盈利的华澜微股权，是否具备商业合理性？是否有助于提高上市公司持续经营 能力？ 收购案发布后，当日晚间，上交所火速对园林股份下发问询函，对华澜微的业绩、本次交易目的合理性、交易估 值等多个方面进行详细问询。 需要注意的是 ...

Core Viewpoint - The transfer of shares from Lou Guoqiang to his children is seen as a significant step in the succession plan for the company, Jintian Co., Ltd. [2][9] Share Transfer Details - Lou Guoqiang and Lu Xiaomi will transfer a total of approximately 34 billion yuan worth of shares to their son Lou Cheng and daughter Lou Jingjing, changing the actual controller of the company to Lou Guoqiang and Lou Cheng [3][5][6] - After the transfer, Lou Cheng will hold 70.75% of the shares in the controlling entity, Jintian Investment, while Lou Jingjing will hold 8.20% [5][6] Company Performance - Jintian Co., Ltd. is a leading supplier of copper and copper alloy materials, with stable profitability, achieving annual profits exceeding 400 million yuan since 2017 [3][10] - The company has reported a total profit of over 3.7 billion yuan since its listing in 2020, with an average annual profit exceeding 600 million yuan [11][12] Market Reaction - Since the beginning of 2025, the stock price of Jintian Co., Ltd. has increased by over 70%, reflecting market optimism regarding the succession and future leadership [4][10] Leadership Transition - Lou Guoqiang has begun the succession process, having already transferred the chairman position to his son Lou Cheng in April 2023, and now further solidifying this transition through the share transfer [12][13] - Lou Cheng, born in 1988, has been with the company for 15 years and is expected to lead the company into a new era [13][14]

Core Viewpoint - The company is introducing a strategic investor to optimize its shareholding structure and address declining performance, with the actual controllers planning to sell approximately 16.87 million shares at a discount to raise funds [1][2][6]. Group 1: Share Transfer Details - The controlling shareholder, Qingdao Duoduo, and actual controllers Qian Jundong and Cui Lei plan to transfer about 16.87 million shares to Yan Jianya at a price of 26.76 CNY per share, which is approximately 10% lower than the previous closing price of 29.73 CNY [1][3]. - After the transfer, Yan Jianya will hold 8% of the company's shares, becoming a significant shareholder, while the controlling stake of Qingdao Duoduo and its associates will decrease to 45.88% [2][3]. Group 2: Financial Performance - The company has faced declining revenues and profits, with projected revenues of 52.84 billion CNY and 42.08 billion CNY for 2023 and 2024, respectively, representing year-on-year declines of 6.54% and 20.35% [6][7]. - For the first three quarters of 2025, the company reported revenues of 25.69 billion CNY and a net profit of 1.44 billion CNY, continuing the downward trend with declines of 16.72% and 20.48% year-on-year [7][8]. Group 3: Strategic Intentions - The introduction of Yan Jianya is aimed at leveraging his extensive industry resources and investment experience to help the company navigate its current challenges and explore new business opportunities [8][9]. - The company is focusing on integrating AI technology into its marketing services and expanding into new sectors to enhance its competitive position [6][8].

长江商报消息 ●长江商报记者 黄聪 头部造车新势力交付量整体向好，月度"销冠"之争再度易主。 12月1日，鸿蒙智行发布的宣传海报显示，11月全系新车交付8.19万辆，同比增长89.61%。 长江商报记者发现，月销8万辆不仅创下了鸿蒙智行单月交付量历史新高，也再一次突破了造车新势力月度交付量 的"天花板"，超过零跑汽车夺得"销冠"。 同日，零跑汽车（09863.HK）公布11月的交付数据，其全系交付再度突破7万辆，达7.03万辆，同比增长超75%， 环比增长38辆，持续刷新月销纪录，并已连续9个月保持增长态势。 同时，11月，小米汽车交付量已跃居造车新势力第三位，继续维持在4万辆以上。 鸿蒙智行突破新势力交付"天花板" 新能源汽车交付量持续向好之时，造车新势力的"头把交椅"又有新变动。 中国汽车工业协会发布的数据显示，2025年1至10月份，我国新能源汽车产销量继续实现较高增长。其中，10月 份，新能源汽车月度新车销量首次超过了汽车新车总销量的50%。 进入11月，我国头部新能源车企纷纷亮出销量数据，总体势头喜人。 12月1日，鸿蒙智行发布的宣传海报显示，11月全系新车交付8.19万辆，同比增长89.61%，超 ...

股价进入"上涨通道" 长江商报消息 ●长江商报记者 黄聪 受益人形机器人、低空经济等新兴行业大热，沃尔德（688028.SH）股价大涨，公司股东开启减持套 现。 12月1日晚间，沃尔德公告显示，近日，公司收到杨诺、庞红、陈涛、李清华、唐文林、张宗超、范笑 颜、张士凤发来的《告知函》，拟减持部分公司股份，均因个人资金需要。 长江商报记者统计发现，上述8人合计拟减持288.23万股，以公告日收盘价计算，沃尔德8位股东减持可 套现1.94亿元。 值得注意的是，杨诺为沃尔德实际控制人，庞红、陈涛、李清华为实际控制人的一致行动人，唐文林等 其余4人均为公司高管。 杨诺带领公司7位股东减持，正值沃尔德股价处于高位之时。8月28日起，公司股价进入"上涨通道"，约 两个月时间里涨幅约为170%。 业绩方面，2025年前三季度，沃尔德实现营业收入5.39亿元，同比增长9.05%；归母净利润7140.34万 元，同比下降6.67%。 长江商报记者发现，2025年第三季度，沃尔德销售毛利率达41.53%，创下公司上市以来新低。 前三季归母净利降6.67% 沃尔德2019年7月上市，公司刀具业务定位于全球高端刀具市场，是国内领先的刀 ...

Core Viewpoint - The signing of a contract worth over $100 million for generator sales to North American data centers marks a significant strategic upgrade for the company and a key step in its integrated capabilities in the data center sector [1][4][5] Financial Performance - In the first three quarters of 2025, the company achieved revenue exceeding 10 billion yuan, a year-on-year increase of nearly 30%, with a net profit of over 1.8 billion yuan, up over 10% [1][7] - Cumulatively, since its listing in 2010, the company has earned a total profit of 18.254 billion yuan, averaging over 1.1 billion yuan annually [2][7] - The company reported a revenue of 13.355 billion yuan for 2024, indicating that the recent $100 million order, equivalent to over 700 million yuan, is relatively minor compared to its annual revenue [3] Research and Development - The company has consistently invested in R&D, with annual expenditures exceeding 500 million yuan in both 2023 and 2024, and a total of 209 patent applications filed by mid-2025 [2][6] - As of June 2025, the company has received a total of 2,022 effective authorized patents, showcasing its commitment to innovation [2][6] Market Position and Strategy - The recent contract signifies a breakthrough in the company's market strategy, transitioning from leasing gas turbines to direct sales, and expanding its role from OEM to comprehensive solution provider for data centers [5][8] - The company has established a solid foundation for deepening its global digital infrastructure layout, with ongoing business development in various sectors including small modular reactors and gas turbine rapid power supply [4][5] Order and Revenue Growth - The company secured new orders worth 9.881 billion yuan in the first half of 2025, a year-on-year increase of 37.65%, with a backlog of orders totaling 12.386 billion yuan, up 34.76% [8] - The company has maintained a leading position in the oil and gas sector, achieving significant market share and expanding its overseas strategic market presence [8]

Core Viewpoint - The company, Xingye Silver Tin, is actively expanding its mineral resource reserves through acquisitions, including a recent purchase of a 7.76% stake in Weiling New Energy for 308 million yuan, which will enhance its business layout and market competitiveness [1][2]. Group 1: Acquisition Details - Xingye Silver Tin's wholly-owned subsidiary, Tibet Shannan Antimony Gold Resources, will acquire a 7.76% stake in Weiling New Energy for 308 million yuan, becoming the largest shareholder and gaining control [2]. - The acquisition involves purchasing 20,233,800 shares at a price of 15.21 yuan per share from two parties, with arrangements in place to stabilize control despite not reaching the majority ownership threshold [2][3]. - Weiling New Energy's main business includes multi-metal mining and lithium processing, with significant mineral reserves reported [3]. Group 2: Financial Performance - For the first three quarters of 2025, Xingye Silver Tin reported a revenue of 4.099 billion yuan, a year-on-year increase of 24.36%, and a net profit of 1.364 billion yuan, up 4.94% [8]. - The company's total assets reached 17.513 billion yuan by the end of Q3 2025, reflecting a 43.96% increase from the previous year [8]. - The company has maintained a strong financial position with a debt-to-asset ratio of 43.94% and has not engaged in equity financing for eight years [8]. Group 3: Strategic Goals and Market Position - Xingye Silver Tin aims to become a leading, resource-rich, technologically advanced, and internationally recognized mining company under its "14th Five-Year Plan" [3]. - The company has successfully expanded its resource base through multiple acquisitions over the years, currently owning 12 mining subsidiaries with significant resource reserves [7]. - The stock price has shown strong performance, increasing approximately 219% from the beginning of 2025 to a closing price of 36.74 yuan per share on December 2, 2025 [8].

点击蓝字关注我们 长江商报记者 徐佳 除了罚款之外，自12月2日复牌后，远大智能的股票将被实施其他风险警示，证券简称变更为"ST远智"，股票交易日涨跌幅限制5%。 作为电梯行业上市公司，远大智能上市已有13年。近年来，远大智能业绩表现欠佳。2018年至2024年间，远大智能仅在2023年实现扣除非经常性损益后的 净利润（以下简称"扣非净利润"）盈利。 自2012年IPO之后，远大智能未实施股权再融资，且自2018年以来，远大智能连续7年未分红。 过往多期财报造假，远大智能（002689.SZ）被重罚。 多期财报存虚假记载 日前，远大智能披露公司及相关当事人收到《行政处罚事先告知书》，因涉嫌利用伪造的《验收证明》提前确认电梯销售收入、利用未实际履行的租赁协 议确认租赁业务收入，导致4期财报存在虚假记载，远大智能被警告并处以罚款600万元，7名时任高管被罚1500万元，罚单金额合计达到2100万元。 2024年4月，因公司涉嫌信息披露违法违规，根据相关法律法规，中国证监会决定对远大智能立案。 长江商报记者注意到，2019年至2021年3年间，远大智能合计虚增营业收入3.36亿元，虚增利润总额约9326万元。尽管远 ...