Core Viewpoint - Shuguang Co., Ltd. has announced the termination of its planned private placement of shares, citing a comprehensive consideration of the current external environment and the company's actual situation and development plans as reasons for the decision [4]. Group 1: Termination of Private Placement - The company held a board meeting on November 10, 2025, where it approved the termination of the private placement plan and the withdrawal of the application documents [2]. - The initial plan, announced on November 14, 2024, aimed to raise up to 339 million yuan, with the net proceeds intended to supplement working capital [4]. - The application was accepted by the Shanghai Stock Exchange on July 17, 2025, but the company did not respond to the inquiry letter from the exchange for over three months before announcing the termination [4]. Group 2: Financial Situation - Shuguang Co., Ltd. is facing a tight cash flow situation, with a reported cash balance of only 135 million yuan, while short-term borrowings and current liabilities exceed 600 million yuan [5]. - The company has experienced continuous losses, with a net profit of -340.8 million yuan for the year ending December 31, 2024, and a cumulative loss of over 2 billion yuan in the first three quarters of 2025 [6][5]. - The company's asset-liability ratio is increasing, indicating significant short-term repayment pressure [5]. Group 3: Market Performance - Despite the financial struggles, the company's stock price has shown a significant increase, with the latest price at 3.88 yuan per share, representing a 70% gain compared to the previous issuance price of 2.28 yuan [4]. - As of November 10, 2025, the market capitalization of Shuguang Co., Ltd. is reported to be 2.652 billion yuan [7].

Core Points - Shuguang Co., Ltd. reported a significant decline in production and sales for October 2025, with vehicle production dropping to 6 units, a year-on-year decrease of 83.33% [1] - Cumulative production for the first ten months of 2025 reached 1,693 units, reflecting a year-on-year decline of 10.94% [1] - Total vehicle sales for October were 108 units, down 56.80% compared to the same month last year, with cumulative sales of 1,349 units, a decrease of 36.04% year-on-year [1] Production Summary - In October, the production of buses was zero, indicating a 100% decrease compared to the same month last year [2] - Pickup truck production was 2 units, down 90% from 20 units in the previous year, while special vehicle production was also zero, marking a 66.67% decline [2] - Cumulative production of pickups for the year was 1,504 units, down 11.69% from 1,703 units last year [2] Sales Summary - Total sales for October included zero sales of new energy buses, with cumulative sales for the year at 3 units, down 94.23% from 52 units last year [2] - Pickup truck sales were 104 units, a decrease of 55.74% from 235 units in the previous year, with cumulative sales of 1,171 units, down 38.63% from 1,908 units [2] - The overall sales of vehicle components showed a significant decline, with a 44.68% drop in the sales of vehicle axles compared to the previous year [2] Financial Performance - For the first three quarters of 2025, Shuguang Co., Ltd. reported revenue of 1.172 billion yuan, an increase of 24.1% year-on-year [3] - The company experienced a slight reduction in net loss, with a loss of 222 million yuan compared to a loss of 224 million yuan in the same period last year [3] - The operating cash flow for the company was negative at 61.18 million yuan, and the earnings per share (EPS) was -0.3245 yuan [3]

Core Viewpoint - Shuguang Co., Ltd. has announced the termination of its planned private placement of shares, citing a comprehensive consideration of the current external environment and the company's actual situation and development plans as reasons for the decision [4][5]. Group 1: Termination of Private Placement - The company held a board meeting on November 10, 2025, where it approved the termination of the private placement plan originally proposed on November 14, 2024, which aimed to raise up to 339 million yuan for working capital [2][4]. - The application for the private placement was accepted by the Shanghai Stock Exchange on July 17, 2025, but the company failed to respond to the exchange's inquiry letter for over three months before announcing the termination [5]. Group 2: Financial Situation - Shuguang Co., Ltd. has been facing financial difficulties, with a reported cash balance of only 135 million yuan against short-term borrowings and current liabilities exceeding 600 million yuan [5][6]. - The company has experienced continuous losses, with a net profit of -340.8 million yuan for the year ending December 31, 2024, and a cumulative net loss of over 2 billion yuan in the first three quarters of 2025 [7]. Group 3: Shareholder Dynamics - The company's two main shareholders, born in the 1990s, have maintained a low control ratio of 14.32% since acquiring control in June 2023, which could have increased to 29.62% if the private placement had proceeded [5][6]. - The termination of the private placement is seen as a missed opportunity for both the controlling shareholders and the company, as it would have provided much-needed liquidity [6].

Core Points - The company announced the termination of the stock issuance plan for specific targets for the year 2024 and will withdraw the application documents [2] Summary by Category - **Company Actions** - The company will hold the 13th meeting of the 11th Board of Directors and the 15th meeting of the 11th Supervisory Board on November 10, 2025 [2] - The company has agreed to terminate the stock issuance plan for specific targets and withdraw the application documents [2]

Core Viewpoint - The company Shuguang Co., Ltd. (600303.SH) reported a significant decline in both production and sales for the year 2025, indicating potential challenges in its operational performance [1] Group 1: Production and Sales Data - The total vehicle production for October 2025 is projected to be 6 units, representing a year-on-year decrease of 83.33% [1] - The total vehicle sales for the same period are expected to be 108 units, reflecting a year-on-year decline of 56.80% [1]

2024 年 12 月 30 日，公司召开第十一届董事会第十五次会议、 第十一届监事会第十次会议审议通过了公司 2024 年度向特定对象发 行 A 股股票预案（修订稿）等相关议案。 2025 年 1 月 15 日，公司召开 2025 年第一次临时股东会，审议 通过了关于公司 2024 年度向特定对象发行 A 股股票的相关议案。 1 2025 年 7 月 17 日，公司及保荐机构中银国际证券股份有限公司 提交的向特定对象发行股票的申请文件获上海证券交易所受理。 2025 年 7 月 31 日，公司收到上海证券交易所出具的《关于辽宁 曙光汽车集团股份有限公司向特定对象发行股票申请文件的审核问询 函》。 股票简称：曙光股份 证券代码：600303 编号：临 2025-058 辽宁曙光汽车集团股份有限公司 关于终止向特定对象发行股票事项并撤回 申请文件的公告 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 担个别及连带责任。 辽宁曙光汽车集团股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日召开第十一届董事会第二十三次会议和第十 ...

Core Viewpoint - Shuguang Co., Ltd. (600303.SH) reported a significant decline in both production and sales for October 2025, indicating potential challenges in the company's operational performance [1] Production Summary - The company's vehicle production for October 2025 is projected to be 6 units, representing a year-on-year decrease of 83.33% [1] Sales Summary - The total vehicle sales for the same period are expected to be 108 units, which reflects a year-on-year decline of 56.80% [1]

| | | 产品名称 | | 月度对比 | | | 年度对比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年同期 | 增减% | 本年累计 | 去年累计 | 增减% | | | | 客车 | 0 | 4 | -100.00% | 41 | 57 | -28.07% | | | | 皮卡 | 2 | 20 | -90.00% | 1504 | 1703 | -11.69% | | 产 | 整车 | 特种车 | 4 | 12 | -66.67% | 148 | 141 | 4.96% | | 量 | | 合计 | 6 | 36 | -83.33% | 1693 | 1901 | -10.94% | | | | 其中：新能源客车 | 0 | 0 | - | 4 | 51 | -92.16% | | | 其他 | 客车非完整车辆 | 0 | 0 | - | 400 | 0 | 净增 | | | 汽车零 | 车桥（支） | 51914 | 101002 | -48.60% | 1032869 | 729945 | 4 ...

股票简称：曙光股份 证券代码：600303 编号：临 2025-057 辽宁曙光汽车集团股份有限公司 第十一届监事会第十五次会议决议公告 审议通过了《关于终止 2024 年度向特定对象发行股票事项并撤 回申请文件的议案》 监事会认为：公司终止 2024 年度向特定对象发行股票事项的审 1 议程序符合《公司法》《证券法》等有关法律法规以及《公司章程》 的规定。该事项不会对公司生产经营和业务发展造成重大不利影响， 不存在损害公司及全体股东、特别是中小股东利益的情形。 根据2025年第一次临时股东会的授权，此议案无需提交公司股东 会审议。 本公司监事会及全体监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 担个别及连带责任。 一、监事会会议召开情况 辽宁曙光汽车集团股份有限公司（以下简称"公司"）第十一届 监事会第十五次会议于 2025 年 11 月 10 日以通讯表决方式召开。根 据公司《监事会议事规则》中关于"情况紧急，需要尽快召开监事会 临时会议的，可以随时通过口头或者电话等方式发出会议通知，但召 集人应当在会议上作出说明"的规定，会议通知于 2025 年 ...

股票简称：曙光股份 证券代码：600303 编号：临 2025-056 辽宁曙光汽车集团股份有限公司 第十一届董事会第二十三次会议决议公告 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 担个别及连带责任。 一、董事会会议召开情况 辽宁曙光汽车集团股份有限公司（以下简称"公司"）第十一届 董事会第二十三次会议于 2025 年 11 月 10 日以通讯表决方式召开。 根据公司《董事会议事规则》中关于"情况紧急，需要尽快召开董事 会临时会议的，可以随时通过电话或者其他方式发出会议通知，但召 集人应当在会议上作出说明"的规定，会议通知于 2025 年 11 月 7 日 以电子邮件方式送达全体董事，召集人亦做出了相应说明。会议应出 席董事 9 名，实际出席董事 9 名。会议召开符合《公司法》和《公司 章程》的有关规定。 二、董事会会议审议情况 经董事审议、表决通过如下议案： 审议通过了《关于终止 2024 年度向特定对象发行股票事项并撤 回申请文件的议案》 公司终止本次向特定对象发行股票事项并撤回申请文件是综合 考虑当前外部环境，结合公司实际情况 ...