中国重工已提交A股股票主动终止上市申请。 8月14日晚间，中国重工(601989)公告称，中国船舶拟换股吸收合并中国重工，此次交易将导致公司不再具有 独立主体资格并被注销，公司已于8月14日向上交所提交A股股票主动终止上市的申请。 2024年9月2日，中国船舶集团下属两家A股上市公司——中国船舶和中国重工均发布公告称，双方正在筹划 由中国船舶通过向中国重工全体股东发行A股股票的方式换股吸收合并中国重工。 7月18日，证监会发布《关于同意中国船舶工业股份有限公司吸收合并中国船舶重工股份有限公司注册的批 复》，同意中国船舶以新增30.53亿股股份吸收合并中国重工的注册申请。 根据公司公告，本次换股吸收合并中，中国重工与中国船舶的换股比例为1:0.1335，即每1股中国重工股票可 以换得0.1335股中国船舶股票。 根据中国重工公告，经向上海证券交易所申请，公司A股股票自2025年8月13日（即异议股东现金选择权申报 日）开市起连续停牌，此后进入现金选择权行权申报、清算交收阶段，不再交易，公司股票继续停牌直至终止 上市。根据相关公告，公司为异议股东提供4.03元/股的现金选择权，略低于公司停牌前股价（5.1元/股） ...

经观汽车 8月14日，据中国重工公告，中国船舶拟通过向中国重工全体换股股东发行A股股票的方式换股吸收合并中国重工相关事项已经公司于2025年2月18日召开的 2025年第一次临时股东大会审议通过，并已获得中国证券监督管理委员会出具的《关于同意中国船舶工业股份有限公司吸收合并中国船舶重工股份有限公司 注册的批复》。 公司已于2025年8月14日向上交所提交A股股票主动终止上市的申请。公司将在上交所受理公司股票主动终止上市申请后刊登相关公告，并在上交所批准公 司股票主动终止上市申请后刊登相关终止上市公告。敬请广大投资者关注公司后续相关公告。 本次交易将导致公司不再具有独立主体资格并被注销，属于《上海证券交易所股票上市规则》第9.7.1条第一款第（六）项规定的"公司因新设合并或者吸收 合并，不再具有独立主体资格并被注销"的情形，可以向上海证券交易所（以下简称"上交所"）申请主动终止上市。 ...

证券代码：600150 证券简称：中国船舶 公告编号：2025-061 中国船舶工业股份有限公司 关于公司换股吸收合并中国船舶重工股份有限公司 暨关联交易事项异议股东收购请求权实施的 第二次提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次异议股东收购请求权行权价格为 30.02 元/股。异议股东 行使收购请求权，相当于以 30.02 元/股的价格将异议股份出售给收 购请求权提供方，成功有效申报收购请求权的异议股东将以 30.02 元/股的行权价格获得现金对价。 2025 年 8 月 12 日，公司股票收盘价为 38.50 元/股，相较本次 收购请求权行权价格 30.02 元/股溢价 28.25%，若公司异议股东行使 收购请求权，将可能导致一定亏损，敬请异议股东注意风险。 截至 2025 年 8 月 14 日收盘后，本次异议股东收购请求权申 报尚余最后一个交易日，申报时间为 2025 年 8 月 15 日的 9:30-11:30、 13:00-15:00，敬请异议股东注意。 本公告仅对公司异议股东 ...

Core Viewpoint - China Shipbuilding announced a second reminder regarding the implementation of dissenting shareholders' acquisition rights in the merger with China Shipbuilding Industry Corporation, highlighting the potential for losses due to the acquisition price being lower than the market price [1] Group 1: Acquisition Details - The exercise price for the acquisition rights is set at 30.02 yuan per share, while the closing price on August 12 was 38.50 yuan per share, indicating a premium of 28.25% [1] - The deadline for declaring the exercise of acquisition rights is August 15, with specific trading hours from 9:30 to 11:30 and 13:00 to 15:00 [1] - The number of dissenting shareholders eligible to declare their acquisition rights is expected to be no more than 18.5385 million shares [1] Group 2: Shareholder Notifications - The announcement includes reminders for shareholders to pay attention to declaration directions and share restrictions [1] - Future announcements will provide results of the declarations and details regarding the share exchange [1]

New Stock Listings - Zhigao Machinery listed on August 14, 2025, with an issuance price of 17.41[1] - China Shipbuilding (stock code: 600150) has a buyout request period from August 13 to August 15, 2025[1] - Shinke Co. (stock code: 002633) has a tender offer period from July 29 to August 27, 2025[1] Tender Offers and Mergers - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (stock code: 601989) is involved in a merger announcement[1] Market Volatility - Longhua Technology (stock code: 603280) reported severe abnormal fluctuations[1] - Guochuang Gold Control (stock code: 002670) has been flagged for abnormal trading activity[1] - ST Keli Da (stock code: 600410) is also noted for significant price volatility[1]

Group 1 - Analysts note that Norwegian shipowners have once again placed LNG carrier orders with Chinese shipyards, indicating a clear market preference that reflects industrial trends rather than mere competition [1][3] - The U.S. shipbuilding industry is struggling, with a Pentagon report highlighting China's remarkable military conversion capabilities, allowing civilian ship production lines to be quickly adapted for military supply vessels [3][5] - The U.S. Congress's proposal to impose tariffs on Chinese-made ships appears ironic given the current state of the international shipping market, with U.S. flag vessels dwindling to fewer than 100 while China boasts over 5,000 large cargo ships [5][7] Group 2 - In 2023, Chinese shipyards captured nearly 80% of the global new shipbuilding contracts, with a record order of 36 large LNG carriers from Qatar, causing concern among Western media [7][8] - China's shipbuilding industry has seen a remarkable 84% increase in export revenue within a year, surpassing 170 billion RMB, driven by significant foreign investments and competitive pricing that can reduce construction costs by 30% to 50% compared to traditional shipbuilding nations [7][8] - The efficient collaboration among various sectors in China, from steel production to advanced navigation systems, has led to an impressive shipbuilding timeline of just 18 months from steel cutting to sea trials, contrasting sharply with the lengthy delays often seen in U.S. military ship repairs [8]

Group 1 - Kaizhong Precision plans to invest up to 250 million yuan to establish a subsidiary and build a production base in Thailand, focusing on overseas connector and precision component business [1] - Longbo Technology reported a 60.18% year-on-year increase in net profit for the first half of 2025, with revenue of 122 million yuan, up 18.03% [2] - Dingyang Technology achieved a net profit of 76.88 million yuan in the first half of 2025, a year-on-year increase of 31.54%, with revenue of 279 million yuan, up 24.61% [4] Group 2 - Heng Rui Pharmaceutical received approval for clinical trials of two drugs, SHR-A2102 and Adebeli monoclonal antibody injection [6] - Maolai Optical plans to use up to 100 million yuan of idle funds for entrusted wealth management to improve fund utilization efficiency [8] - Shiji Information signed a major contract with MGM Grand, providing a next-generation cloud-based hotel information management system [7] Group 3 - Yunnan Germanium's subsidiary received a government subsidy of 6.8 million yuan related to revenue [9] - Jizhi Co. received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to disclose significant government subsidies [10] - Dongfang Precision reported a net profit of approximately 397 million yuan for the first half of 2025, a year-on-year increase of 142.52% [11] Group 4 - Aolaide expects a net profit decrease of 68.41% to 72.77% for the first half of 2025, with revenue projected between 270 million and 290 million yuan [12] - Feilong Co. used 111 million yuan of idle funds for cash management through structured deposit products [13] - Anhui Construction won two major projects with a total investment exceeding 6.6 billion yuan [15] Group 5 - Yunnan Germanium's subsidiary received a government subsidy of 6.8 million yuan related to revenue [9] - Jizhi Co. received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to disclose significant government subsidies [10] - Dongfang Precision reported a net profit of approximately 397 million yuan for the first half of 2025, a year-on-year increase of 142.52% [11] Group 6 - China Medical's subsidiary received approval for the listing of fumaric acid volnora raw materials [20] - Huayuan Vaccine's subsidiary received approval for clinical trials of Hib vaccine [29] - Ganfeng Lithium plans to integrate lithium salt lake projects in Argentina and provide financial support of up to 130 million USD [41]

Market Performance - A-shares opened strong on August 13, with the Shanghai Composite Index reaching a high of 3688.09 points, surpassing the previous high of 3674.4 points from October 8, 2024, and approaching the December 13, 2021 high of 3708.94 points, marking a new three-and-a-half-year high [1] - By midday, the Shanghai Composite Index rose by 0.56%, the Shenzhen Component Index increased by 1.47%, and the ChiNext Index surged by 2.81%, with a market turnover of approximately 1.33 trillion yuan, an increase of 118.1 billion yuan compared to the previous trading day [1] Sector Performance - The military industry sector showed strong performance, with the aerospace technology stock achieving five consecutive daily limit-ups in the past week, and Changcheng Military Industry reaching a new high [3] - The AI industry chain stocks collectively surged, with Guangku Technology hitting a historical high with a 20% increase, while other stocks like New Yisheng and Zhongji Xuchuang also reached new highs [3] - The ground equipment sector index surged over 6%, reaching a historical high, with a rapid increase of over 100% in the past two months [6] Notable Stocks - Longcheng Military Industry has seen a continuous rise for 13 trading days, with 7 days of limit-ups and a total increase of over 425% in two months [6] - The securities sector experienced significant movements, with stocks like Changcheng Securities and Guosheng Jinkong hitting the daily limit, and Dongwu Securities approaching the limit, while Zhongyin Securities rose nearly 8% [10] Market Sentiment and Trends - The current market sentiment is driven by liquidity easing and positive policy expectations, with improved investor sentiment stemming from favorable external conditions [11] - The market is characterized by active participation from retail investors and leveraged funds, indicating a collective bullish sentiment [11] - Analysts suggest that the ongoing market rally is supported by long-term capital inflows and a favorable policy environment, contrasting with the volatility seen in 2015 [12]

New Stock Issuance - The new stock "能之光" (code: 920056) is issued at a price of 7.21 on August 13, 2025[1] - "中国重工" (code: 601989) has a cash option declaration period starting on August 13, 2025[1] - "中国船舶" (code: 600150) has a buyback request period from August 13 to August 15, 2025[1] Tender Offers - "申科股份" (code: 002633) has a tender offer period from July 29 to August 27, 2025[1] - "ST凯利" (code: 300326) has a tender offer period from July 17 to August 15, 2025[1] - "抚顺特钢" (code: 600399) has a tender offer period from August 12 to September 10, 2025[1] Abnormal Fluctuations - "西藏旅游" (code: 600749) reported severe abnormal fluctuations on July 31, 2025[2] - "上纬新材" (code: 688585) reported severe abnormal fluctuations on July 31, 2025[2] - "ST柯利达" (code: 603828) reported severe abnormal fluctuations on August 13, 2025[2]

Group 1: Financial Performance - China Shipbuilding (600150) expects a net profit attributable to shareholders of 2.8 billion to 3.1 billion yuan for the first half of 2025, representing a year-on-year increase of 98.25% to 119.49% [1] - The company anticipates a non-recurring net profit of 2.635 billion to 2.935 billion yuan, with a year-on-year growth of 119.89% to 144.93% [1] - The increase in profit is attributed to improved production efficiency, effective cost control, and a favorable market environment for shipbuilding [1] Group 2: Strategic Development - China Shipbuilding plans to absorb and merge with China Shipbuilding Industry Corporation to reduce competition and enhance scale and capacity advantages [2] - The merger will result in the issuance of 3.053 billion shares, with adjusted swap prices of 37.59 yuan per share for China Shipbuilding and 5.032 yuan per share for China Shipbuilding Industry [2] - Post-merger, the total asset scale of China Shipbuilding is expected to expand to 403.6 billion yuan, positioning it as the largest and most technologically advanced shipbuilding flagship listed company in China [2]