证券代码：600150 证券简称：中国船舶 上市地：上海证券交易所 中国船舶工业股份有限公司 换股吸收合并中国船舶重工股份有限公司 暨关联交易 之 实施情况暨新增股份上市公告书 （摘要） 独立财务顾问 二〇二五年九月 1 四、上市公告书及摘要所述事项并不代表中国证监会、上海证券交易所对本 公司股票的投资价值或者投资者的收益作出实质判断或者保证。 五、本公司提醒投资者注意：本公告书摘要的目的仅为向公众提供有关本次 交易的实施情况，投资者如欲了解更多信息，请仔细阅读《中国船舶工业股份有 限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报告书》全文、《中 国船舶工业股份有限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 之实施情况暨新增股份上市公告书》全文及其他相关文件，该等文件已刊载于上 海证券交易所官方网站。 2 特别提示 一、本次上市股份为中国船舶为本次换股吸收合并之目的向中国重工的全体 换股股东发行的股份。 二、本次换股吸收合并中，中国船舶换股价格为 37.59 元/股，中国重工换股 价格为 5.032 元/股，中国重工和中国船舶的换股比例相应为 1:0.1339，即每 1 股 中国重工股票可以换得 ...

证券代码：600150 证券简称：中国船舶 公告编号：2025-069 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 换股实施结果、股份变动暨新增股份上市公告 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。 本次交易涉及的换股已完成，公司总股本由 4,472,428,758 股增加至 7,525,621,288 股。本次交易涉及的换股导致的公司股份变化情况如下： 重要内容提示： 本次股票上市类型为吸收合并股份；股票认购方式为网下，上市 股数为3,053,192,530股。 本次股票上市流通总数为3,053,192,530股。其中，根据《上市公司 重大资产重组管理办法》（2025 年 5 月修订）等相关规定，中国船舶重 工集团有限公司、中国船舶工业集团有限公司、大连船舶投资控股有限 公司、中国船舶集团渤海造船有限公司、武汉武船投资控股有限公司、 青岛北海船厂有限责任公司、上海衡拓实业发展有限公司、中船海为高 科技有限公司、中国船舶集团投资有限公司已出具《关于本次重组股份 锁定期的承诺函》，该等换股股东在 ...

上海市锦天城律师事务所 关于中国船舶工业股份有限公司 换股吸收合并中国船舶重工股份有限公司暨关联交易 实施情况之法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 | | | | 正 文 5 | | | --- | --- | | 一、本次交易方案 | 5 | | 二、本次交易的批准和授权 | 5 | | （一）中国船舶已取得的批准和授权 5 | | | （二）中国重工已取得的批准和授权 6 | | | （三）国务院国资委的批准 | 8 | | （四）行业主管部门的批准 | 8 | | （五）上交所的审核及证监会的同意 8 | | | 三、本次交易的实施情况 | 8 | | （一）资产交割及过户情况 | 8 | | （二）债权债务承继情况 | 9 | | （三）合同承继情况 | 9 | | （四）资料交接情况 | 9 | | （五）员工安置情况 | 9 | | （六）收购请求权及现金选择权实施情况 9 | | | （七）中国重工终止上市情况 | 10 | | （八）中国船舶换股股票发行情况 10 ...

经济观察网中国船舶（600150）公告，公司换股吸收合并中国重工暨关联交易实施完成。新增股份 30.53亿股，上市日期为2025年9月16日。中船重工集团、中船工业集团等换股取得的股份14.54亿股，自 发行结束之日起6个月内不得转让。 ...

Core Insights - The maritime equipment sector experienced a slight increase of 0.42% on September 11, with Zhongke Haixun leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Sector Performance - Zhongke Haixun (300810) closed at 44.25, with a rise of 2.95% and a trading volume of 48,200 shares, amounting to a transaction value of 211 million yuan [1] - Guorui Technology (300600) closed at 16.88, up 2.18%, with a trading volume of 128,700 shares and a transaction value of 214 million yuan [1] - Hailanxin (300065) closed at 19.04, increasing by 2.04%, with a trading volume of 405,600 shares and a transaction value of 764 million yuan [1] - Jianglong Shipbuilding (300589) closed at 13.28, up 1.68%, with a trading volume of 79,300 shares and a transaction value of 10.5 million yuan [1] - China Shipbuilding Defense (600685) closed at 26.85, increasing by 1.63%, with a trading volume of 95,700 shares and a transaction value of 254 million yuan [1] - Tianhai Defense (300008) closed at 6.50, up 1.56%, with a trading volume of 616,100 shares and a transaction value of 397 million yuan [1] - Yaxing Anchor Chain (601890) closed at 9.76, increasing by 1.04%, with a trading volume of 183,200 shares and a transaction value of 177 million yuan [1] - China Marine Defense (600764) closed at 30.36, up 0.63%, with a trading volume of 83,900 shares and a transaction value of 254 million yuan [1] - China Shipbuilding (600150) closed at 37.93, slightly down by 0.13%, with a trading volume of 673,700 shares and a transaction value of 2.536 billion yuan [1] Capital Flow - The maritime equipment sector saw a net outflow of 315 million yuan from institutional investors, while retail investors contributed a net inflow of 281 million yuan [1] - The detailed capital flow for individual stocks indicates varying levels of net inflow and outflow among different companies [2] - For instance, Yaxing Anchor Chain (601890) had a net inflow of 11.37 million yuan from retail investors, despite a net outflow from institutional and speculative investors [2]

Core Insights - Luda Technology Group has formed a strategic partnership with major Chinese shipbuilders to enhance the research and manufacturing of specialty-material flanges and pipe fittings for ammonia-fuelled vessels, marking a significant step towards supply chain independence in the Chinese shipbuilding sector [1][2] Group 1: Partnership Details - The partnership includes China State Shipbuilding Corporation (CSSC), Haiting (Nantong) Shipbuilding Company, and COSCO Shipping Heavy Industry Company, with Luda Taian Industrial Company supplying certified products for high-value-added ships such as LNG carriers and luxury cruise ships [2][6] - The collaboration aims to establish joint technical R&D teams to innovate in new materials, processing techniques, and digital supply chain management [3][4] Group 2: Technological Advancements - Luda Taian is testing ammonia-resistant materials, including high-nickel alloys and special stainless steels, to tackle challenges like high corrosiveness and hydrogen embrittlement risks associated with ammonia fuel [4][5] - The company is developing appropriate welding and heat treatment processes to support these new materials [4] Group 3: Strategic Vision - The CEO of Luda Technology emphasized that this collaboration is a pivotal move in transitioning from a component manufacturer to a technology solution provider, aiming to elevate the status of Chinese manufacturing in the global high-end marine equipment sector [6][7] - Continued investment in R&D is planned to ensure compliance with stringent international standards and to collaboratively define technical standards for next-generation green vessels [7]

Market Overview - The marine equipment sector experienced a slight decline of 0.13% on September 10, with Guorui Technology leading the losses [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Key stocks in the marine equipment sector showed mixed performance, with China Shipbuilding at 37.98, up 0.37%, while Guorui Technology fell by 5.76% to 16.52 [1] - The trading volume and turnover for major stocks were significant, with China Shipbuilding recording a turnover of 2.486 billion yuan [1] Capital Flow - The marine equipment sector saw a net outflow of 283 million yuan from main funds, while retail investors contributed a net inflow of 259 million yuan [1] - Specific stock capital flows indicated that China Shipbuilding had a net outflow of 1.13 billion yuan from main funds, but a net inflow of 916 million yuan from retail investors [2]

Core Viewpoint - The merger of China Shipbuilding Industry Corporation (China Shipbuilding) and China Shipbuilding Heavy Industry Corporation (China Heavy Industry) marks a significant milestone in the Chinese shipbuilding industry, aiming to enhance competitiveness and reshape the global shipbuilding market [2][6]. Group 1: Merger Details - On September 5, 2025, China Heavy Industry's A-shares officially ceased trading, with shareholders converting their shares to China Shipbuilding shares at a ratio of 1:0.1339 [2][5]. - Post-merger, China Shipbuilding's asset scale will exceed 400 billion yuan, making it the largest and most comprehensive listed shipbuilding company globally [2][6]. - The merger is the largest restructuring project in A-share capital market history and the largest corporate merger in the global shipbuilding industry [6]. Group 2: Financial Performance - In the first half of 2025, China Shipbuilding reported a net profit increase of 108.59%, while China Heavy Industry's net profit surged by 227.07% [3][10]. - China Shipbuilding achieved a revenue of 40.325 billion yuan, a year-on-year increase of 11.96%, with a total profit of 3.518 billion yuan, reflecting a 129.50% growth [8][9]. - China Heavy Industry's revenue reached 32.621 billion yuan, up 47.56%, with a net profit of 1.745 billion yuan [10]. Group 3: Market Impact and Future Outlook - The merger is expected to enhance China Shipbuilding's bargaining power and delivery capabilities in the high-end ship sector, positioning it as a "super aircraft carrier" in the global market [6][7]. - Analysts predict a long-term upward cycle in the global shipbuilding industry, driven by environmental regulations and the need to replace aging fleets, with potential new ship orders valued at $1.2 trillion [11].

Group 1 - The marine equipment sector experienced a decline of 2.06% on September 8, with China Shipbuilding leading the drop [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Group 2 - On the same day, the marine equipment sector saw a net outflow of 741 million yuan from institutional investors, while retail investors contributed a net inflow of 642 million yuan [2] - The table provided shows various stocks within the marine equipment sector, detailing their net inflows and outflows from different types of investors [2]

Market Overview - The A-share market showed mixed performance this week, with the Shanghai Composite Index declining by 1.18% and the Shenzhen Component Index falling by 0.83%. However, the ChiNext Index saw a monthly increase of 2.35% [1]. Sector Performance - The battery, photovoltaic equipment, and precious metals sectors experienced significant gains, with solid-state battery and energy metal stocks being particularly active [1]. - The battery sector led the gains, with Tianhong Lithium Battery rising by 78.78% and XianDao Intelligent increasing by 51.51% [1]. Policy and Industry Developments - The recent "Action Plan for Stable Growth in the Electronic Information Manufacturing Industry (2025-2026)" issued by two departments supports foundational research in cutting-edge technologies, including all-solid-state batteries [1]. - The China Automotive Engineering Society will hold a review meeting for ten group standards related to solid-state battery assembly methods in Beijing on September 10-11, 2025, which is expected to promote the standardization of the solid-state battery industry [1]. Precious Metals Market - The precious metals sector saw notable activity, with Western Gold rising by 49.70%. COMEX gold futures increased by 3.52%, marking the strongest weekly gain in nearly four months, while international gold prices reached a historical high [1]. - Recent executive orders from Trump exempting tariffs on metals such as gold, tungsten, and uranium may influence market dynamics [1]. Capital Flow - Major inflows of capital were observed in Agricultural Bank of China, CATL, and China Shipbuilding, each exceeding 1.5 billion yuan [1]. - Conversely, significant outflows were noted in Dongfang Wealth, New Yi Sheng, and Northern Rare Earth, with outflows exceeding 5 billion yuan [1].