Core Viewpoint - Company plans to invest approximately 854 million yuan to acquire a 62.98% stake in Beijing Shudu Information Technology Co., Ltd, which will become a subsidiary and included in the consolidated financial statements after the investment is completed [1][4][8]. Investment Details - The investment consists of a cash subscription of 100 million yuan for approximately 159.06 thousand yuan of registered capital, resulting in a 9.09% stake in Shudu Technology [4]. - Additionally, the company intends to acquire approximately 43.19% of Shudu Technology's shares from various stakeholders for about 605 million yuan [4]. - The company will also acquire indirect stakes of approximately 3.72% and 6.98% through the purchase of 100% stakes in two limited partnerships for 52.01 million yuan and 97.74 million yuan, respectively [5]. Financial Performance of Shudu Technology - Shudu Technology's projected revenues for 2023, 2024, and the first half of 2025 are 15.81 million yuan, 32.38 million yuan, and 16.28 million yuan, respectively, with net losses of 62.57 million yuan, 138.79 million yuan, and 35.98 million yuan [6][7]. - Total assets as of June 30, 2025, are approximately 330.46 million yuan, with total liabilities of about 265.86 million yuan, resulting in net assets of approximately 64.60 million yuan [7]. Strategic Importance - This transaction is seen as a critical opportunity for the company to enter the high-value digital chip sector, aligning with its goal to transition into digital technology [8]. - The acquisition is expected to create a new growth avenue for the company, enhancing its business quality and expanding its operational scope [8]. Company Background - The company primarily focuses on real estate development and management, with a commitment to transitioning from traditional real estate to service-oriented digital technology [8]. - The company previously terminated a major asset restructuring involving Source Photonics Holdings due to changes in the transaction environment [9]. Financial Outlook - The company anticipates a net loss of between 33 million yuan and 22 million yuan for the first half of 2025, with a projected adjusted net loss of 75 million yuan to 64 million yuan [10].

Core Viewpoint - The company, Wantong Development, plans to invest a total of 854.449 million yuan to acquire a 62.9801% stake in Beijing Shudu Information Technology Co., Ltd. (Shudu Technology), making it a controlling subsidiary after the investment is completed [2][4]. Investment Details - The company intends to invest 100 million yuan in cash to subscribe for 159,059 registered capital of Shudu Technology, resulting in a 9.0908% stake [3]. - The company plans to acquire 43.1924% of Shudu Technology's shares from various stakeholders for 604.691795 million yuan [3]. - Additionally, the company and its wholly-owned subsidiary will purchase 3.7150% and 6.9819% stakes indirectly through the acquisition of 100% equity in two limited partnerships for 52.0104 million yuan and 97.747146 million yuan, respectively [3]. Company Profile - Shudu Technology has a registered capital of 154.28723 million yuan and specializes in the design and development of high-speed interconnect chips, providing ASIC chip customization services [4]. - The core product is the PCIe high-speed switch chip, which is essential for high-bandwidth, low-latency data transmission in servers, AI computing, and storage fields [4]. Product Development - Shudu Technology has developed PCIe switch chips that support the PCIe 5.0 protocol, currently in the customer introduction phase [5]. - The PCIe 5.0 switch chips feature high bandwidth, low latency, high reliability, and compatibility with mainstream international competitors, filling a gap in the domestic market [6]. Market Position - The products support inter-chip networking, enabling direct communication between GPUs, and are positioned as a rare choice for building autonomous supernodes in the domestic market [6]. - Shudu Technology has established partnerships with leading industry clients, and its samples have passed performance tests by mainstream manufacturers [6]. Financial Performance - In 2024, Shudu Technology reported revenue of 32.375 million yuan and a net loss of 137.877 million yuan; in the first half of 2025, revenue was 16.283 million yuan with a net loss of 35.983 million yuan [6].

Core Viewpoint - The company is planning to invest a total of 854.449341 million yuan to acquire a 62.9801% stake in Beijing Shudu Information Technology Co., Ltd., which will become a subsidiary of the listed company after the investment is completed [1][2][3] Investment Overview - The investment will be executed through capital increase and equity transfer, with the company holding a direct and indirect stake of 9.0908% in Shudu Technology after the transaction [2][3] - The board meeting to review this investment is scheduled for August 13, 2025, and the decision falls within the board's authority, thus not requiring shareholder approval [1][3] Target Company Information - Shudu Technology specializes in high-speed interconnect chip design and development, with its core product being PCIe high-speed switch chips, essential for AI servers and data centers [6][7] - The company has developed PCIe5.0 compliant chips, currently in the customer introduction phase [7] Financial Data - As of the latest reports, Shudu Technology's total assets are approximately 330.46 million yuan, with total liabilities of about 265.86 million yuan, resulting in net assets of around 64.60 million yuan [6][7] - The company reported a net loss of approximately 35.98 million yuan for the most recent period [6] Market Landscape - The global PCIe switch chip market was valued at approximately 4.58 billion USD in 2022, with projections to reach 13.53 billion USD by 2030, reflecting a CAGR of 14.5% [8][9] - The AI server segment is expected to be the fastest-growing market for PCIe switch chips, with a projected shipment of 1.65 million units globally in 2024, a 46% increase year-on-year [9][10] Strategic Implications - This investment aligns with the company's strategy to enter the high-value digital chip sector, potentially creating a new growth avenue and enhancing overall company performance [13][14] - The transaction is expected to have a positive impact on the company's financial structure and performance metrics, although it may also introduce goodwill that could be subject to impairment risks if the target company's performance does not meet expectations [14]

北京万通新发展集团股份有限公司 关于筹划投资事宜的提示性公告 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： 证券代码：600246 证券简称：万通发展 公告编号：2025-065 1、北京万通新发展集团股份有限公司（以下简称"公司"或"上市公司"） 正在筹划通过增资及股权转让的方式合计投资 85,444.9341 万元取得北京数渡信 息科技有限公司（以下简称"标的公司"或"数渡科技"）62.9801%的股权（以 下简称"本次投资"）。本次投资完成后，标的公司成为上市公司的控股子公司， 并纳入上市公司合并报表。 2、根据《上海证券交易所股票上市规则》及《北京万通新发展集团股份有 限公司章程》（以下简称"《公司章程》"）等相关规定，该事项在公司董事会 决策权限内，无需提交公司股东大会审议。公司已于 2025 年 8 月 10 日发出董事 会会议通知，拟定于 2025 年 8 月 13 日召开董事会，就本次投资事项进行审议。 3、本次投资事项不构成关联交易，亦不构成《上市公司重大资产重组管理 办法》规定的重大资产重 ...

Core Viewpoint - The company, Wantong Development, is planning to invest a total of 854 million yuan to acquire a 62.98% stake in Beijing Shudu Information Technology Co., Ltd., making it a subsidiary after the investment is completed [1] Group 1: Investment Details - The investment will be executed through capital increase and equity transfer [1] - The total investment amount is 854 million yuan [1] Group 2: Company Profile - Shudu Technology specializes in high-speed interconnect chip design and development, as well as providing ASIC chip customization services [1] - The core product of Shudu Technology is the PCIe high-speed switching chip [1] Group 3: Product Development - Shudu Technology has developed a PCIe switching chip that supports the PCIe 5.0 protocol [1] - The product is currently in the customer introduction phase [1]

Group 1 - The Shanghai Composite Index closed at 3635.13 points, above the annual line, with a slight decline of 0.12% [1] - The total trading volume of A-shares reached 17363.03 billion yuan [1] - A total of 35 A-shares have surpassed the annual line today, with notable stocks including Tianshan Co., Sany Heavy Energy, and Wantong Development, showing divergence rates of 7.78%, 7.56%, and 7.37% respectively [1] Group 2 - The stocks with the highest divergence rates from the annual line include: - Tianshan Co. (10.06% increase, 1.70% turnover rate, annual line at 5.38 yuan, latest price at 5.80 yuan, divergence rate 7.78%) [1] - Sany Heavy Energy (11.05% increase, 5.83% turnover rate, annual line at 25.88 yuan, latest price at 27.84 yuan, divergence rate 7.56%) [1] - Wantong Development (9.94% increase, 7.44% turnover rate, annual line at 7.11 yuan, latest price at 7.63 yuan, divergence rate 7.37%) [1] - Other stocks with smaller divergence rates that have just crossed the annual line include: - Yonggui Electric (3.82% increase, 10.44% turnover rate, annual line at 16.62 yuan, latest price at 17.12 yuan, divergence rate 3.02%) [1] - Landun Optoelectronics (6.61% increase, 15.78% turnover rate, annual line at 26.28 yuan, latest price at 26.92 yuan, divergence rate 2.42%) [1]

| 601139 | 深圳燃 | 0.92 | 0.30 | 6.57 | 6.61 | 0.63 | | --- | --- | --- | --- | --- | --- | --- | | | 气 | | | | | | | 002813 | 路畅科 | 1.36 | 2.69 | 24.37 | 24.52 | 0.63 | | | 技 | | | | | | | 000966 | 长源电 | 0.66 | 0.71 | 4.58 | 4.60 | 0.45 | | | 力 | | | | | | | 601158 | 重庆水 | 0.43 | 0.12 | 4.70 | 4.72 | 0.35 | | | 务 | | | | | | | 000875 | 吉电股 | 1.35 | 0.84 | 5.24 | 5.25 | 0.25 | | | 份 | | | | | | | 002032 | 苏泊尔 | 0.21 | 0.08 | 51.32 | 51.39 | 0.14 | | 002157 | 正邦科 | 0.70 | 0.38 | 2.87 | 2.87 | 0.12 | | | 技 | | ...

房地产行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600515 | 海南机场 | -0.77 | 1.28 | -13932.13 | | 600246 | 万通发展 | -2.80 | 2.37 | -7363.05 | | 002305 | *ST南置 | -3.07 | 6.48 | -4376.40 | | 600684 | 珠江股份 | -0.44 | 3.13 | -2235.64 | | 600895 | 张江高科 | 4.64 | 8.95 | -1903.63 | | 000897 | 津滨发展 | 5.13 | 5.66 | -1821.65 | | 600082 | 海泰发展 | -3.23 | 5.02 | -1698.99 | | 000886 | 海南高速 | 0.00 | 1.86 | -1508.08 | | 600675 | 中华企业 | 4.05 | 1.12 | -1498.27 | | 000656 | *ST金科 | -0.71 | 0 ...

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2025-08-06 | 万通发展 | 600246 | 6.44 299.98 | 46.58 | 红塔证券股份有限 | 申万宏源证券有限 | | | | | | | 公司岳阳永济大道 | 公司北京安定路证 | | | | | | | 3 mg 246 to . 11, 407 | 444 11 . 11 . 447 | 8月6日，万通发展大宗交易成交46.58万股，成交额299.98万元，占当日总成交额的1.14%，成交价6.44元，较市场收盘价7.14元折价9.8%。 ...

证券代码：600246 证券简称：万通发展 公告编号：2025-064 北京万通新发展集团股份有限公司 ? 本次权益变动不会导致公司控股股东及实际控制人发生变化。 公司于 2025 年 8 月 5 日收到北京复远出具的《北京万通新发展集团股份有 限公司简式权益变动报告书》，获悉其于 2025 年 8 月 1 日至 2025 年 8 月 5 日， 通过大宗交易和集中竞价交易方式合计减持公司股份 15,479,500 股，占公司总股 本的 0.81884%。本次权益变动后，北京复远持有的公司股份数量由 110,000,000 股减少至 94,520,500 股，持股比例由 5.82%减少至 4.99999%，不再为公司持股 一、信息披露义务人基本情况 企业名称：北京复远投资管理有限公司 注册地址：北京市房山区长沟镇金元大街 1 号北京基金小镇大厦 A 座 355 关于持股 5%以上股东权益变动至 5%以下的提示性公告 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： ? 本次权益变动系北京万通新发展集团股份有限公司（ ...