Core Viewpoint - Yaxing Chemical (600319.SH) is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds, which constitutes a significant asset restructuring and related party transaction [1] Group 1 - Yaxing Chemical has announced a suspension of trading for its shares starting November 4, 2025, due to the ongoing planning of the acquisition, with an expected suspension period of no more than 10 trading days [1] - The transaction is still in the planning stage, and the initial counterparty identified is Shandong Tianyi Holding Group Co., Ltd., the controlling shareholder of the target company [1] - The transaction will not lead to a change in the actual controller of Yaxing Chemical and does not constitute a restructuring listing [1] Group 2 - During the trading suspension, the company will fulfill its information disclosure obligations in accordance with relevant laws and regulations, and will announce updates as the situation progresses [2] - The final determination of the transaction counterparties will be disclosed in subsequent announcements [1][2]

Core Viewpoint - The company, Weifang Yaxing Chemical Co., Ltd., is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring [1][2]. Group 1: Acquisition Details - The acquisition involves signing an investment cooperation agreement with Tianyi Chemical's controlling shareholder, Shandong Tianyi Holdings Group Co., Ltd., with the specific transaction plan still under verification and requiring relevant approval procedures [1]. - The company's stock will be suspended from trading starting November 4, with the suspension expected to last no more than 10 trading days [1]. Group 2: Financial Performance and Challenges - Yaxing Chemical reported a net loss of 144 million yuan for the first three quarters of this year, indicating significant challenges in its main business [1]. - The company’s main product, CPE (chlorinated polyethylene), has faced pressure due to intensified industry competition and weak downstream demand, leading to a substantial decline in overall sales prices [2]. Group 3: Strategic Shift and Market Position - In response to market changes, Yaxing Chemical is expanding its sales in areas such as wire and cable, mixing rubber, hoses and tapes, and shoe materials to mitigate the impact of the downturn in traditional business [2]. - The acquisition of Tianyi Chemical is viewed as a critical strategic move to break the development deadlock through external mergers and acquisitions [2]. Group 4: Tianyi Chemical's Strengths - Tianyi Chemical is recognized as a leading enterprise in bromine chemicals, with over 50% market share in domestic products like tetrabromobisphenol A and decabromodiphenyl ether, and up to 70% in some water-based functional monomers in the international market [3]. - The company has a diverse equity structure, attracting investments from well-known institutions such as Shandong High-tech Venture Capital Co., Ltd. and Sinochem-related industry funds [3]. Group 5: Potential Synergies - If the acquisition is successful, it is expected to create significant synergies, with Yaxing Chemical's basic chemical raw materials complementing Tianyi Chemical's fine bromine chemicals, enhancing overall risk resistance [3]. - Tianyi Chemical's research and development capabilities are anticipated to elevate Yaxing Chemical's product technology content, aiding its transition to high value-added sectors [3].

Core Viewpoint - Yaxing Chemical (600319) announced plans to issue shares and pay cash to acquire control of Shandong Tianyi Chemical Co., Ltd., leading to a temporary suspension of its stock trading for up to 10 trading days [1] Group 1: Transaction Details - The company is planning a significant asset restructuring through the acquisition of Tianyi Chemical, which includes the possibility of acquiring shares from other shareholders [1] - The transaction is expected to be classified as a related party transaction but will not result in a change of the company's actual controller or constitute a reverse listing [1] - An investment cooperation intention agreement has been signed with Shandong Tianyi Holding Group Co., Ltd. on November 3 [1] Group 2: Company Background - Tianyi Chemical was established in November 2002 and is involved in the production and sales of chemical products and fertilizers, excluding licensed chemical products [1] Group 3: Current Status and Market Reaction - As of November 3, Yaxing Chemical's stock rose by 4.58%, closing at 8.9 yuan per share, with a total market capitalization of 3.451 billion yuan [1] - The transaction is still in the planning stage, and formal agreements have not yet been signed, indicating uncertainty in the specific transaction details [1]

Core Viewpoint - The company Yaxing Chemical announced plans to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a major asset restructuring [1]. Group 1: Company Information - Shandong Tianyi Chemical Co., Ltd. is a non-listed joint-stock company established on November 14, 2002, with a registered capital of 89.799364 million RMB [2]. - The company operates in the chemical industry, focusing on the production and sales of chemical products, fertilizers, and specialized chemical products, among other activities [2]. Group 2: Transaction Details - The transaction is anticipated to lead to a significant restructuring of assets, with the company's stock being suspended from trading starting November 4, 2025, for a period not exceeding 10 trading days [1].

Core Viewpoint - The company is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring and related party transaction [1] Group 1 - The company intends to issue shares to raise matching funds for the acquisition [1] - The acquisition may involve purchasing shares from other shareholders of the target company [1] - The company's stock will be suspended from trading starting November 4, with an expected suspension period of no more than 10 trading days [1]

证券代码：600319 证券简称：亚星化学 公告编号：2025-047 潍坊亚星化学股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资 金暨关联交易事项的停牌公告 因公司筹划发行股份及支付现金购买资产并募集配套资金事项,本公司的相 关证券停复牌情况如下： | 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 | | | | 600319 | 亚星化学 | A 股 | 停牌 | 2025/11/4 | | | | 一、停牌事由和工作安排 潍坊亚星化学股份有限公司（以下简称"公司"）正在筹划以发行股份及支付 现金的方式购买山东天一化学股份有限公司（以下简称"天一化学"或"标的公 司"）控制权，或同步收购其他股东所持标的公司股份，同时公司拟发行股份募集 配套资金（以下简称"本次交易"）。根据《上市公司重大资产重组管理办法》等 相关法律法规规定，经初步测算，本次交易预计构成重大资产重组，构成关联交 易。本次交易不会导致公司实际控 ...

Core Viewpoint - The company, Yaxing Chemical (600319.SH), is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, while also considering the acquisition of shares from other shareholders [1] Group 1: Transaction Details - The transaction is expected to constitute a major asset restructuring and is classified as a related party transaction according to relevant laws and regulations [1] - The company plans to issue shares to raise matching funds for this transaction [1] - The transaction will not result in a change of the actual controller of the company and does not qualify as a restructuring listing [1] Group 2: Current Status and Impact - The transaction is still in the planning stage, and there are uncertainties regarding the related matters [1] - To protect investor interests and ensure fair information disclosure, the company's stock will be suspended from trading starting November 4, 2025, for an estimated period not exceeding 10 trading days [1]

Core Viewpoint - The company, Yaxing Chemical (600319.SH), is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring and related party transaction [1] Group 1 - The company is in the process of acquiring control of Tianyi Chemical, which may involve purchasing shares from other shareholders [1] - The company intends to issue shares to raise matching funds for the acquisition [1] - The stock of the company will be suspended from trading starting November 4, with an expected suspension period of no more than 10 trading days [1]

Core Viewpoint - The company is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring and related party transaction [1] Group 1 - The company intends to issue shares to raise matching funds for the acquisition [1] - The acquisition may involve purchasing shares from other shareholders of the target company [1] - The company's stock will be suspended from trading starting November 4, 2025, for a period not exceeding 10 trading days [1]

Core Insights - The company reported a total revenue of 641 million yuan for Q3 2025, ranking 46th among disclosed peers, which represents a decrease of 16.67 million yuan or 2.53% year-on-year [1] - The net profit attributable to shareholders was -144 million yuan, ranking 47th among peers, a decline of 45.61 million yuan compared to the same period last year [1] - The net cash flow from operating activities was -50.90 million yuan, ranking 45th among peers, down by 35.80 million yuan year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 85.15%, ranking 50th among peers, an increase of 1.65 percentage points from the previous quarter and 9.73 percentage points from the same period last year [3] - The latest gross profit margin is -2.29%, ranking 50th among peers, a decrease of 0.50 percentage points from the previous quarter and 4.29 percentage points year-on-year [3] - The latest return on equity (ROE) is -35.72%, ranking 51st among peers, a decrease of 17.71 percentage points from the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is -0.37 yuan, ranking 50th among peers, a decrease of 0.12 yuan year-on-year [3] - The latest total asset turnover ratio is 0.25 times, ranking 48th among peers, a decline of 0.05 times year-on-year, representing a decrease of 17.29% [3] - The latest inventory turnover ratio is 5.66 times, ranking 35th among peers, an increase of 0.83 times year-on-year, reflecting a growth of 17.09% [3] Shareholder Structure - The number of shareholders is 14,800, with the top ten shareholders holding 199 million shares, accounting for 51.30% of the total share capital [3] - The largest shareholder is Weifang Urban Construction Development Investment Group Co., Ltd., holding 28.92% [3] - Other significant shareholders include Weifang Yaxing Group Co., Ltd. at 6.15% and Weifang Zexin Investment Partnership (Limited Partnership) at 3.29% [3]