Core Viewpoint - The establishment of Shanghai Xinhengxinrui Technology Co., Ltd. by Daheng Technology indicates a strategic expansion into the semiconductor device sector, reflecting the company's commitment to diversifying its business operations [1] Group 1: Company Overview - Shanghai Xinhengxinrui Technology Co., Ltd. has been established with a registered capital of 600 million yuan [1] - The company is wholly owned by Daheng Technology (600288) [1] Group 2: Business Scope - The business scope of the new company includes manufacturing specialized equipment for semiconductor devices, electronic specialized equipment, electronic components, and power electronic components [1]

Group 1: Equity Transfer - The company has approved the transfer of 75% equity in its subsidiary, Daheng Star Map (Beijing) Laser Technology Co., Ltd., to individual Yang Shuai for a price of 500,000 RMB, based on an asset valuation of 662,700 RMB as of July 31, 2025 [2][3] - The company has completed the transfer process and received the full payment, with all necessary changes registered with the relevant authorities, resulting in Daheng Star Map no longer being included in the company's consolidated financial statements [3] Group 2: Establishment of Wholly-Owned Subsidiary - The company has decided to establish a wholly-owned subsidiary in Shanghai to expand its business in the semiconductor and emerging industries, with a registered capital of 600 million RMB [6][8] - The new subsidiary, Shanghai Xinhengxinrui Technology Co., Ltd., has completed its registration and obtained a business license from the Shanghai Putuo District Market Supervision Administration [7][8]

Core Viewpoint - The company, Daheng Technology, is expanding its business in the semiconductor and emerging industries by establishing a wholly-owned subsidiary in Shanghai [2]. Group 1 - The board of directors approved the proposal to invest in the establishment of a wholly-owned subsidiary on September 9, 2025 [2]. - The company has completed the registration and obtained a business license from the Shanghai Putuo District Market Supervision Administration [2].

Core Points - The company announced the transfer of 75% equity in its subsidiary, Daheng Star Map (Beijing) Laser Technology Co., Ltd., to individual Yang Shuai Shuai [1] - The valuation of Daheng Star Map's total equity was assessed at 662,700 yuan as of July 31, 2025, using the asset-based approach [1] - The transfer price for the 75% equity stake was set at 500,000 yuan, and the company has received the full payment and completed the necessary registration changes [1] Summary by Sections - **Equity Transfer Details** - The company will hold a board meeting on September 17, 2025, to approve the transfer of equity [1] - The transfer involves a significant stake of 75% in the subsidiary [1] - **Valuation and Pricing** - The total equity value of Daheng Star Map was determined to be 662,700 yuan [1] - The agreed transfer price for the 75% stake is 500,000 yuan [1] - **Post-Transaction Status** - Following the completion of the transaction, the company will no longer hold any equity in Daheng Star Map [1] - Daheng Star Map will be excluded from the company's consolidated financial statements [1]

Core Viewpoint - The article discusses the asset disposal related to Xu Xiang's case, particularly focusing on the auction and transfer of shares in Daheng Technology, which has implications for Xu's divorce proceedings and the ongoing asset liquidation process [2][3][4][5]. Group 1: Asset Disposal and Company Changes - Daheng New Era Technology Co., Ltd. announced a change in its actual controller from Zheng Suzhen to no actual controller [2]. - Zheng Suzhen, Xu Xiang's mother, sold her shares in Daheng Technology for 1.712 billion yuan, yielding a profit of 510 million yuan compared to her original purchase price [6][10]. - The shares sold were part of a judicial auction ordered by the Qingdao Intermediate People's Court, which had previously frozen Zheng's shares due to Xu's legal issues [8][9]. Group 2: Financial Performance and Historical Context - Daheng Technology's revenue for the first half of 2025 was 844 million yuan, with a net loss of 2.7405 million yuan, indicating a significant decline compared to the company's performance when Zheng took control [9]. - In 2015, Daheng Technology's revenue was 2.682 billion yuan, showcasing a stark contrast to its current financial state [7]. Group 3: Ongoing Legal and Financial Issues - Multiple asset disposals related to Xu Xiang's case are still ongoing, including shares in Wenfeng Co., Ningbo Zhongbai, and Huayi Family, with various stages of judicial proceedings [11][13][14]. - The divorce proceedings between Xu Xiang and Ying Ying are complicated by the ongoing asset liquidation, with the court previously denying Ying's request for divorce due to insufficient evidence of a breakdown in their relationship [12].

证券代码：600288 证券简称：大恒科技 编号：临 2025-051 大恒新纪元科技股份有限公司 关于对外投资设立全资子公司的进展公告 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。 一、对外投资概述 大恒新纪元科技股份有限公司（以下简称"公司"）为拓展在半导体行业、 新兴产业领域的业务布局，于 2025 年 9 月 9 日召开第九届董事会第十一次会议 审议通过了《关于对外投资设立全资子公司的议案》，同意公司以自有资金在上 海设立全资子公司。具体内容详见公司于 2025 年 9 月 10 日披露的《关于对外投 资设立全资子公司的公告》（公告编号：临 2025-042）。 二、对外投资进展情况 注册地址：上海市普陀区怒江北路 598 号 18 层 1805 室 统一社会信用代码：91310107MAEXEUD118 注册资本：人民币 60,000 万元 成立日期：2025 年 10 月 16 日 法定代表人：佘桃 股权结构：公司持有 100%股权 经营范围： 一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 ...

证券代码：600288 证券简称：大恒科技 编号：临 2025-050 大恒新纪元科技股份有限公司 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。 一、交易概述 大恒新纪元科技股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日召 开第九届董事会第十二次会议，审议通过了《关于转让控股子公司股权的议案》， 同意公司将持有的控股子公司大恒星图（北京）激光技术有限公司（以下简称"大 恒星图"）75%的股权转让给自然人杨帅帅。根据北京国枫兴华资产评估有限公 司出具的《大恒新纪元科技股份有限公司拟转让持有的大恒星图（北京）激光技 术有限公司股权涉及的大恒星图（北京）激光技术有限公司股东全部权益价值资 产评估报告》（国枫兴华评报字[2025]第 010034 号），以 2025 年 7 月 31 日为评 估基准日，选用资产基础法的评估方法，大恒星图股东全部权益价值的评估结果 为 66.27 万元。以此评估值为依据，公司转让大恒星图 75%股权定价为 50 万元。 具体内容详见公司于 2025 年 9 月 18 日披露的《关于 ...

Core Viewpoint - The company has established a wholly-owned subsidiary, Shanghai Xinhengxinrui Technology Co., Ltd., in Shanghai, with a registered capital of 600 million RMB [1] Group 1 - The subsidiary was officially registered on October 16, 2025, and has obtained a business license from the Shanghai Putuo District Market Supervision Administration [1] - The legal representative of the new subsidiary is She Tao [1] - The business scope of the subsidiary includes technology services, development, consulting, exchange, transfer, and promotion [1]

Core Points - The actual controller of Daheng New Era Technology Co., Ltd. has changed from Zheng Suzhen to no actual controller, following the legal issues surrounding Xu Xiang, a well-known private equity fund manager in China [1] - Zheng Suzhen's shares in Daheng Technology were auctioned off, resulting in a total of 1.3 billion shares being sold for 17.12 billion yuan, yielding a profit of 5.1 billion yuan compared to her original purchase price [3] Group 1 - Zheng Suzhen became the largest shareholder of Daheng Technology in 2014 after acquiring 1.3 billion shares for approximately 12.02 billion yuan [2] - The company faced significant challenges following Xu Xiang's legal troubles, which directly impacted its planned 30 billion yuan capital increase project in 2015 [2] - As of the first half of 2025, Daheng Technology reported a revenue of 8.44 billion yuan but incurred a net loss of 2.74 million yuan, indicating a significant decline in financial performance compared to when Zheng Suzhen took control [3] Group 2 - The divorce proceedings between Xu Xiang and Ying Ying have been complicated by the ongoing asset disposals related to Xu's criminal case, with the court not supporting Ying Ying's request for divorce due to insufficient evidence of a broken relationship [4] - Multiple asset disposals related to Xu Xiang's case are still ongoing, with significant amounts of assets, including 210 billion yuan, being subject to legal proceedings [4] - Zheng Suzhen's remaining shares in other companies, such as Wenfeng Co. and Ningbo Zhongbai, are also undergoing judicial sale processes, indicating a broader trend of asset liquidation [5][6]

Core Viewpoint - Daheng Technology's stock has shown significant growth this year, with a year-to-date increase of 69.32%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Daheng Technology reported revenue of 844 million yuan, representing a year-on-year growth of 6.89%. However, the company experienced a net loss attributable to shareholders of 2.74 million yuan, although this reflects a substantial improvement with a year-on-year increase of 72.27% [2]. Stock Market Activity - On October 14, Daheng Technology's stock price rose by 2.05%, reaching 14.46 yuan per share, with a total market capitalization of 6.316 billion yuan. The trading volume was 36.64 million yuan, with a turnover rate of 0.59% [1]. - The company has seen net inflows of 127,900 yuan from main funds, with large orders accounting for 20.89% of total purchases and 20.54% of total sales [1]. - Daheng Technology has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on August 6, where it recorded a net purchase of 40.29 million yuan [1]. Business Overview - Daheng Technology, established on December 14, 1998, and listed on November 29, 2000, is located in Haidian District, Beijing. The company specializes in information technology, office automation, optomechatronics, and digital television network editing and broadcasting systems [1]. - The revenue composition of Daheng Technology includes: machine vision and information technology (73.43%), digital television network editing and broadcasting systems (15.60%), optomechatronics products (9.39%), and other (1.57%) [1]. Shareholder Information - As of June 30, Daheng Technology had 39,800 shareholders, a decrease of 1.75% from the previous period, with an average of 10,980 circulating shares per shareholder, which is an increase of 1.78% [2]. Dividend Information - Since its A-share listing, Daheng Technology has distributed a total of 252 million yuan in dividends, with 8.736 million yuan distributed over the past three years [3].