Core Viewpoint - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. (Xian Dao Dian Ke) through a share issuance and raise matching funds, following a previous failed acquisition attempt by Guangzhi Technology [2][4][8]. Group 1: Acquisition Details - Quzhou Development announced a suspension of trading starting July 30, with an expected duration of no more than 10 trading days. As of July 29, the stock price was 4.12 yuan per share, with a total market capitalization of 35.06 billion yuan [4][8]. - The acquisition involves purchasing shares held by Guangdong Xian Dao Rare Materials Co., Ltd. (Xian Dao Xi Cai), which owns 46.957% of Xian Dao Dian Ke, as well as shares from other shareholders including China International Capital Corporation, BYD, and various state-owned enterprises [11][13]. - The previous acquisition attempt by Guangzhi Technology was terminated due to disagreements on commercial terms, raising concerns about the challenges Quzhou Development may face in its acquisition process [14][15]. Group 2: Financial Performance - Quzhou Development recently announced a projected decline in net profit for the first half of 2025, estimating a drop of 86% to 210 million yuan, with a 75% decrease in net profit after deductions [17][21]. - The company aims to leverage the acquisition of Xian Dao Dian Ke to enhance its financial performance, as its revenue primarily comes from real estate, which has cyclical and phased characteristics [21][23]. - Xian Dao Dian Ke is recognized as a "unicorn" with a valuation exceeding 20 billion yuan, specializing in the research and manufacturing of sputtering targets and evaporation materials, holding over 30% of the global ITO target market share [4][23].

每经记者｜蔡鼎 每经编辑｜董兴生 新湖中宝易主国资并改名为衢州发展一年后，又宣布了重大的并购计划。 易主国资并更名衢州发展后首笔收购 在实控人变更为衢州工业集团（浙江省衢州市国资）并更名为衢州发展之前，新湖中宝曾是浙江知名民 企浙江新湖集团股份有限公司（下称"新湖集团"）旗下房地产开发企业。 2006年，新湖集团将旗下14家房地产公司通过定向增发的方式装入中宝股份，此后中宝股份改名为新湖 中宝，并踩着房地产市场加速向前的风潮开启了10余年的快速发展周期。但在2016年前后，房地产行业 逐渐进入调整期，新湖中宝"坐等"土地升值的开发模式也开始遭遇挑战，债务危机开始逐步显现。 2021年至2023年，新湖中宝合同销售额分别为297.36亿元、115.9亿元和29.25亿元，呈现出加速下滑之 势，陷入了自身造血功能减弱、经营现金流严重不足的困境。这也成为新湖中宝2021年末将总部从嘉兴 迁址到衢州，"委身"衢州国资的动因所在。 虽然此次提出收购先导电科的股份是公司改名为衢州发展后宣布的第一笔并购交易，但记者注意到，在 二级市场上，衢州发展的股价此前已有较大涨幅。5月28日至7月29日，衢州发展股价累计上涨超过 30 ...

Core Viewpoint - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. (Xian Dao Electric) through a share issuance and raise matching funds, following a failed acquisition attempt by Guangzhi Technology just a month prior [1][9]. Group 1: Acquisition Details - Quzhou Development intends to purchase shares held by Guangdong Xian Dao Rare Materials Co., Ltd. (Xian Dao Rare Materials), which owns 46.957% of Xian Dao Electric, and is also interested in acquiring shares from other shareholders [5][7]. - The acquisition plan is similar to Guangzhi Technology's previous attempt, which was terminated due to disagreements on commercial terms [9]. Group 2: Financial Context - As of July 29, Quzhou Development's stock price was 4.12 yuan per share, with a total market capitalization of 35.06 billion yuan [1]. - Quzhou Development recently announced a projected decline in net profit for the first half of 2025, estimating a drop of 86% year-on-year to 210 million yuan [9][12]. Group 3: Xian Dao Electric's Market Position - Xian Dao Electric is valued at over 20 billion yuan and specializes in the research and manufacturing of sputtering targets and evaporation materials, with applications in new displays, photovoltaics, semiconductors, precision optics, data storage, and specialty glass [1][15]. - The company holds over 30% of the global market share in ITO (Indium Tin Oxide) targets, ranking first worldwide [15].

7月29日晚，衢州发展（600208）（600208）发布《关于筹划发行股份购买资产并募集配套资金的停牌 公告》称，公司正在筹划涉及公司的重大事项，拟通过发行股份等方式购买广东先导稀材股份有限公司 持有的先导电子科技股份有限公司（以下简称"先导电科"）的股份，有意购买先导电科其他股东持有的 股份并募集配套资金。 根据公告，公司股票自7月30日开市起停牌，预计停牌时间不超过10个交易日。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 600208 | 衢州发展 | A 股 停牌 | 2025/7/30 | | | | 图片来源：公司公告 资料显示，先导电科成立于2017年7月12日，注册资本约4.78亿元，是一家以从事化学原料和化学制品 制造业为主的企业，经营范围包括平板及旋转氧化铟锡靶材（ITO靶材）、ITO蒸发材料及中间产品氧 化铟等。 | | 平板及旋转氧化钢锡靶材(ITO 靶材)、ITO 蒸发材料及中间 | | --- ...

7月29日晚，衢州发展（600208）发布《关于筹划发行股份购买资产并募集配套资金的停牌公告》称，公司正在筹划涉及公司的重大事项，拟通过发行股 份等方式购买广东先导稀材股份有限公司持有的先导电子科技股份有限公司（以下简称"先导电科"）的股份，有意购买先导电科其他股东持有的股份并募 集配套资金。 根据公告，公司股票自7月30日开市起停牌，预计停牌时间不超过10个交易日。 | | | 图片来源：公司公告 资料显示，先导电科成立于2017年7月12日，注册资本约4.78亿元，是一家以从事化学原料和化学制品制造业为主的企业，经营范围包括平板及旋转氧化 铟锡靶材（ITO靶材）、ITO蒸发材料及中间产品氧化铟等。 | | 平板及旋转氧化钢锡靶材(ITO 靶材)、ITO 蒸发材料及中间 产品氧化钢、氢氧化钢、ITO 粉末、ITO 丸、钢、锡、硅、钨、 | | --- | --- | | | 铬、镍、钮、二氧化钛、硅铝、锡锢、锌铝、镍钨、镍钨包、 | | | 镍铬合金化合物靶材等大面积镀膜材料、铜钢锌硒、硫化铝、 | | 经营范围 | 硫锡锌硒多元化合物等薄膜太阳能材料及靶材、钉、镍铂、铬 | | | 钻铂硼等磁存储记录功能 ...

Group 1 - The company, Qizhou Development, announced plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. from Guangdong Xian Dao Rare Materials Co., Ltd. and other shareholders, while also raising matching funds [2] - The transaction is currently in the planning stage, with no final scheme determined yet. The company will actively advance necessary approvals and reviews during the suspension period, which is expected to last no more than 10 trading days [2] - Xian Dao Electronic Technology is a subsidiary of Xian Dao Group, focusing on the research, production, sales, and recycling of sputtering targets and evaporation materials for vacuum coating [2] Group 2 - Recent trading activity for Qizhou Development has seen a significant increase in transaction volume, with notable amounts of 1.209 billion, 1.870 billion, and 1.42 billion yuan on July 10, 11, and 14 respectively [3] - Since the increase in trading volume on July 10, the stock has risen over 30% [3]

Key Points - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors [2] Major Events - Xizang Tianlu experienced significant abnormal fluctuations in the trading of its convertible bonds, with a cumulative price increase exceeding 100% over seven trading days, leading to a closing price of 481.80 CNY per bond, representing a premium of 381.80% over the face value [3][4] - Huqin Technology plans to acquire 6% of Jinghe Integrated's shares for 2.393 billion CNY, with a transfer price of 19.88 CNY per share [4][5] - Liyuan Technology's actual controller received a criminal judgment for violating information disclosure regulations, resulting in a one-year prison sentence with a one-and-a-half-year probation and a fine of 3.3 million CNY [6] - Huashi Technology's general manager had the detention measures lifted, allowing him to resume his duties [7] - Dongfang Materials' chairman resigned for personal reasons but will continue as a board member [8] - WuXi AppTec adjusted its share repurchase price limit to a maximum of 114.15 CNY per share [9] - ST Haihua's subsidiary plans to acquire 100% of Lixin Dingsheng for 43 million CNY [10] - Xizang Tourism clarified that it has not engaged in business cooperation related to the Yarlung Tsangpo River project amid stock price volatility [11][12] - Yabont Chemical decided to terminate its planned external investment in Gansu Haotian Technology [13] - Zhongbei Communication's subsidiary terminated its acquisition of a 55% stake in PT. Semesta Energi Services due to unmet conditions [14] - Quzhou Development plans to purchase shares of Xiandai Electronics and raise matching funds, leading to a temporary stock suspension [15] - Shenli Co. terminated its control change plan due to the buyer's failure to pay the agreed transaction price [16] Performance Reports - Greenland Holdings reported a 16.93% year-on-year increase in contract sales amounting to 21.752 billion CNY in Q2 2025 [17][18] - Lujiazui's net profit for the first half of 2025 was 815 million CNY, a decrease of 7.87% year-on-year [19] - Hongfa Co. achieved a net profit of 964 million CNY in the first half of 2025, reflecting a 14.19% increase [20] - Nanya New Materials expects a net profit increase of 44.69% to 71.82% in the first half of 2025 [21] - ST Tianwei anticipates a significant net profit increase of approximately 2064.85% year-on-year [22] - Fudan Microelectronics expects a net profit decrease of 39.67% to 48.29% in the first half of 2025 [23][24] - Sains expects a net profit decrease of 57.53% to 60.13% despite revenue growth [25] - Baotai anticipates a net loss reduction of 110 million to 140 million CNY in the first half of 2025 [26] Major Contracts - China CNR signed several major contracts totaling approximately 32.92 billion CNY [27] - Wantong Intelligent Control entered into an exclusive authorization agreement in the embodied intelligence field [28] - Anhui Construction won a bid for a highway concession project with an estimated total investment of 3.614 billion CNY [29] - Tiantian Technology's subsidiary signed a procurement order worth 400 million CNY for copper-lithium composite strips [30] - Daoshi Technology signed a strategic cooperation agreement related to humanoid robots [31] Shareholding Changes - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [32] - Jiahe Meikang's shareholder plans to reduce holdings by up to 3% [33] - Huaye Fragrance's controlling shareholder plans to reduce holdings by up to 3% [34] - Lanfeng Biochemical's shareholder plans to reduce holdings by up to 2.61% [35] - Anji Food's actual controller plans to reduce holdings by up to 2% [37] - Saiwei Electronics' National Integrated Circuit Fund reduced its holdings by 1.06% [38] - Lakala's Lenovo Holdings reduced its holdings by 535,960 shares [39] Share Buybacks - Shima Power plans to repurchase shares worth 300 million to 400 million CNY [40]

Core Viewpoint - Quzhou Development (600208.SH) is planning to issue shares to acquire assets and raise supporting funds, leading to a temporary suspension of its stock trading starting July 30, 2025, for no more than 10 trading days [1] Group 1: Company Actions - The company intends to purchase shares of Xian Dao Electronic Technology Co., Ltd. held by Guangdong Xian Dao Rare Materials Co., Ltd. and is also interested in acquiring shares from other shareholders of Xian Dao Electronic Technology [1] - The transaction is currently in the planning stage, and the relevant scheme has not yet been finalized [1] Group 2: Stock Suspension - To ensure fair information disclosure and protect investor interests, the company has applied for a stock suspension in accordance with the Shanghai Stock Exchange regulations [1] - The expected duration of the stock suspension is no more than 10 trading days [1]

每经记者｜陈晴 每经编辑｜魏官红 并购重组 衢州发展：拟购买先导电科股份并募集配套资金 衢州发展公告，公司拟通过发行股份等方式购买广东先导稀材股份有限公司持有的先导电子科技股份有 限公司的股份，同时募集配套资金。本次交易正在筹划阶段，相关方案尚未最终确定。 *ST海华：控股子公司茫崖源鑫能源拟422.11万元收购若羌源鑫能源51%股权 *ST海华公告，控股子公司茫崖源鑫能源有限公司拟以现金422.11万元收购新疆庆源实业集团有限公司 持有的若羌源鑫能源有限公司51%股权。本次交易构成关联交易，但不构成重大资产重组。 中贝通信：终止控股子公司贝通信国际股权收购事项 中贝通信公告，公司控股子公司贝通信国际计划以自有资金2500万美元（折合人民币约1.82亿元）收购 PT.Semesta Energi Services 55%股权，但因未满足投资协议中约定的核心交割条件，经协商决定终止本 次收购事宜。此次终止不会对公司现有经营业绩及财务状况产生不利影响。 业绩披露 仕佳光子：2025年上半年归属于上市公司股东的净利润2.17亿元，同比增长1712% 仕佳光子公告，2025年上半年营业收入9.93亿元，同比增长121 ...

Group 1 - The company, Quzhou Development, announced plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. from its current shareholders, including Guangdong Xian Dao Rare Materials Co., Ltd. [1] - The acquisition is intended to be financed through the issuance of shares and the company is also looking to raise additional funds to support the transaction [1] - Quzhou Development's stock will be suspended from trading starting July 30, with an expected suspension period of no more than 10 trading days [1] Group 2 - Xian Dao Electronic Technology Co., Ltd. specializes in the research, production, sales, and recycling of sputtering targets and evaporation materials used in vacuum coating [1] - The product range includes high-purity metals, alloys, precious metals, and ceramic materials, which are widely used in various industries such as display, photovoltaic, semiconductor, precision optics, data storage, and glass [1] - As of the announcement date, the transaction is still in the planning stage, with no formal agreements signed yet, and it requires internal approval and regulatory clearance before proceeding [1] Group 3 - As of July 29, Quzhou Development's stock price was reported at 4.12 yuan per share, with a total market capitalization of 35.06 billion yuan [1]