《关于收到中国证券监督管理委员会同意恢复注册发行股份及支付现金购买资产并募集配套资金 暨关联交易事项通知的公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2025年12月15日收盘，五新隧装（920174）报收于47.78元，较前一交易日下跌1.34%，最新总市值 为43.01亿元。该股当日开盘48.06元，最高48.66元，最低47.66元，成交额达6145.93万元，换手率为 1.47%。 公司近日发布公告称，湖南五新隧道智能装备股份有限公司拟通过发行股份及支付现金方式购买湖南中 铁五新重工有限公司100%股权和怀化市兴中科技股份有限公司99.9057%股权，并募集配套资金。公司 已收到中国证券监督管理委员会出具的《中国证监会行政许可申请恢复注册通知书》（252872号），根 据相关规定，证监会决定恢复注册程序。本次交易尚需证监会同意注册后方可实施，能否完成注册及最 终注册时间存在不确定性。公司将继续履行信息披露义务，提示投资者注意风险。 最新公告列表 ...

标的公司则面临"大客户依赖症"。兴中科技全资子公司五新科技前五大客户销售额占比约80%。 本次并购后，上市公司将面临多重新增风险，其中最为突出的是商誉减值风险。 本次交易完成后，上市公司合并报表层面新增商誉33，947.99 万元，若未来标的公司经营状况未达预 期，可能需计提商誉减值准备，直接影响公司净利润。 12月6日，五新隧装发布关于重大资产重组事项的进展公告，公司拟通过发行股份及支付现金方式购买 湖南中铁五新重工有限公司100%股权和怀化市兴中科技股份有限公司99.9057%股权并募集配套资金暨 关联交易事项，总对价约26.49亿元。 这起交易作为北交所"并购六条"新规后首单获通过的发股购买资产项目，被视为北交所深化并购改革的 标志性事件。 五新隧装此次交易方案经历多次调整。最新方案显示，五新隧装将收购兴中科技99.9057%股权及五新 重工100%股权。根据交易方案，本次交易总对价为264，859.03万元。新隧装计划通过发行股份及支付 现金方式完成收购，其中股份支付约22.78亿元，现金支付约3.71亿元。 本次交易中两家标的公司的评估增值率差异显著，引发了市场关注。评估基准日为2024年11月30 ...

证券日报网讯 12月5日晚间，五新隧装发布公告称，公司拟通过发行股份及支付现金方式购买湖南中铁 五新重工有限公司100%股权和怀化市兴中科技股份有限公司99.9057%股权并募集配套资金暨关联交易 事项，本次交易构成重大资产重组。2025年12月3日，董事会审议通过了《关于批准本次交易有关审计 报告和备考审阅报告的议案》等议案，并履行了信息披露程序。本次交易尚需经中国证券监督管理委员 会同意注册后方可实施，本次交易能否完成注册以及最终取得注册的时间均存在不确定性。 （文章来源：证券日报） ...

Core Viewpoint - Wuxin Tunnel Equipment (920174.BJ) has announced its application to resume the registration for issuing shares and cash to acquire assets, along with raising supporting funds, which constitutes a significant asset restructuring [2] Group 1: Acquisition Details - Wuxin Tunnel Equipment plans to acquire 100% equity of Hunan China Railway Wuxin Heavy Industry Co., Ltd. and 99.9057% equity of Huaihua Xingzhong Technology Co., Ltd. through a combination of share issuance and cash payment [2] - The company is also seeking to raise supporting funds as part of this major asset restructuring [2] Group 2: Regulatory Process - The company applied for a suspension of registration on October 31, 2025, due to updates in financial report data, which was approved by the China Securities Regulatory Commission on November 18, 2025 [2] - Previously, Wuxin Tunnel Equipment had applied for a suspension of review on June 30, 2025, which was granted, and subsequently applied to resume the review on August 19, 2025, receiving approval from the Beijing Stock Exchange [2] Group 3: Financial Reporting and Compliance - The company indicated that the two applications for extension were necessary due to the expiration of the financial data involved in the restructuring application documents, requiring updated audits and submissions [2] - Wuxin Tunnel Equipment is actively collaborating with relevant intermediary organizations to expedite the extension audit and related work, ensuring compliance with information disclosure requirements [2]

Group 1 - The engineering machinery sector opened higher on November 26, with notable gains in several companies [1] - Iron Tuo Machinery saw an increase of over 10%, indicating strong market performance [1] - Other companies such as Southern Road Machinery, LiuGong, ShanTui Co., ZhiGao Machinery, and WuXin Tunnel Equipment also experienced upward movement [1]

Core Viewpoint - The engineering machinery sector opened higher, with notable gains in several companies, indicating positive market sentiment in this industry [1] Company Summaries - Iron Tuo Machinery saw a rise of over 10%, reflecting strong investor interest and confidence in its performance [1] - Other companies such as Southern Road Machinery, LiuGong, Shantui, Zhigao Machinery, and Wuxin Tunnel Equipment also experienced upward movement, suggesting a broader trend of growth within the sector [1]

Group 1 - The stock price of Wuxin Tunnel Equipment (920174) closed at 51.45 yuan on November 18, 2025, down 2.94% with a turnover rate of 2.04% and a trading volume of 17,800 shares, resulting in a transaction amount of 92.1384 million yuan [1] - On November 18, the net outflow of main funds was 8.7456 million yuan, accounting for 9.49% of the total transaction amount; the net outflow of retail funds was 2.6341 million yuan, accounting for 2.86% of the total transaction amount [1][3] Group 2 - Wuxin Tunnel Equipment received a notice from the China Securities Regulatory Commission (CSRC) agreeing to suspend the registration of its plan to acquire 100% equity of Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. and 99.9057% equity of Huaihua Xingzhong Technology Co., Ltd. through the issuance of shares and cash payment [1] - The company has applied to extend the validity period of its financial documents by one month until October 31, 2025, and the suspension of registration will not significantly impact the company's operations or the progress of this transaction [1][3]

Market Overview - The engineering machinery sector experienced a decline of 1.24% on November 3, with Wuxin Suizhuang leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Notable gainers in the engineering machinery sector included: - Nanfang Road Machinery (603280) with a closing price of 43.57, up 2.71% and a trading volume of 97,100 shares [1] - Construction Machinery (600984) closed at 3.98, up 2.31% with a trading volume of 526,100 shares [1] - Wantong Hydraulic (920839) closed at 50.94, up 2.08% with a trading volume of 31,100 shares [1] - Conversely, significant decliners included: - Wuxin Suizhuang (920174) which fell 6.46% to a closing price of 54.01 with a trading volume of 42,900 shares [2] - Hangcha Group (603298) down 4.91% to 27.32 with a trading volume of 113,600 shares [2] - Henglida Hydraulic (601100) decreased by 4.03% to 92.21 with a trading volume of 101,500 shares [2] Capital Flow Analysis - The engineering machinery sector saw a net outflow of 203 million yuan from main funds, while retail investors contributed a net inflow of 230 million yuan [2] - The detailed capital flow for selected stocks indicated: - Nanfang Road Machinery had a main fund net inflow of 7.33 million yuan, while retail investors had a net outflow of 21.59 million yuan [3] - Construction Machinery experienced a main fund net inflow of 1.88 million yuan, with retail investors showing a net inflow of 15.06 million yuan [3]

Core Viewpoint - The first major asset restructuring case of a company listed on the Beijing Stock Exchange has encountered new developments, as Hunan Wuxin Tunnel Intelligent Equipment Co., Ltd. has applied to suspend the registration of its asset acquisition and related fundraising activities [1][2]. Group 1 - On October 31, Wuxin Tunnel announced its intention to apply for the suspension of the registration of its asset acquisition and related fundraising due to the impending expiration of the financial data validity period [1]. - The company plans to acquire 100% equity of Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. and 99.9057% equity of Huaihua Xingzhong Technology Co., Ltd., with a total transaction price of approximately 2.65 billion yuan, and to raise no more than 100 million yuan in supporting funds [1]. - The financial data reference date for this transaction is set for March 31, 2025, with an extension of one month granted by the Beijing Stock Exchange, making the new deadline October 31, 2025 [1][2]. Group 2 - The restructuring plan was approved by the M&A Committee of the Beijing Stock Exchange on September 29, and the registration was submitted on October 10 [2]. - Wuxin Tunnel stated that the application for suspension will not have a significant adverse impact on the company's operations or the continuation of the transaction, as the company is actively working with relevant intermediaries to expedite the audit process [2].

Core Viewpoint - The approval status change of Hunan Wuxin Tunnel Intelligent Equipment Co., Ltd.'s merger and acquisition has marked a significant development as the first case on the Beijing Stock Exchange using a "shares + cash" mixed payment method, indicating a vibrant period for M&A activities in the market [1] Group 1: Company Developments - Hunan Wuxin Tunnel Intelligent Equipment Co., Ltd. has moved its merger and acquisition review status to "submitted for registration" [1] - This marks the first instance of a mixed payment method for M&A on the Beijing Stock Exchange [1] Group 2: Industry Trends - The M&A market on the Beijing Stock Exchange is experiencing heightened activity [1] - Policy incentives and increased regulatory tolerance are creating a favorable environment for innovative small and medium-sized enterprises to grow through mergers and acquisitions [1]