来源：环球网 【环球网综合报道】12月17日，美克家居发布公告称，正在筹划通过发行股份及支付现金的方式，收购 通信行业零部件供应商深圳万德溙光电科技有限公司（以下简称"万德溙"）控制权，并募集配套资金。 公司股票自12月18日开市起停牌，预计停牌时间不超过10个交易日。 值得关注的是，万德溙在近期已有公开的估值参考。2024年9月，露笑科技公告称，其向万德溙增资 6000万元，获取后者16.67%的股权，以此计算，万德溙在该次增资中的估值约为3.6亿元。 | | | 克家居公告 图源：美 美克家居表示，目前本次交易正处于筹划阶段，交易各方尚未签署正式的交易协议，具体交易方案仍在 商讨论证中，尚存在不确定性。 ...

净利连续亏损、营收规模不断缩窄，美克家居的财务数据反映出公司当下的经营困境。12月17日晚，美 克家居祭出大动作，将目光投向跨界，欲购高速铜缆龙头企业深圳万德溙光电科技有限公司（以下简 称"万德溙"）控制权。 资本市场上，A股公司跨界并购比比皆是，但也出现不少整合效果不尽如人意的案例。另外，截至今年 前三季度末，美克家居控股股东美克投资集团有限公司（以下简称"美克集团"）所持公司近34%的股份 仍处于满仓质押状态。美克家居本次跨界并购能否解困并缓解实控人冯东明的压力，还是未知数。 标的去年估值3.6亿元 由于筹划并购万德溙控制权，美克家居股票自12月18日起开始停牌，预计停牌时间不超过10个交易日。 2018年5月成立的万德溙总部位于深圳，公司研发、生产并销售应用于AI算力集群和数据中心的全系列 高速互连线缆组件及模块，主要产品为传输速率25G—800G的各种类型的铜缆产品，包括无源直连铜 缆、有源直连铜缆以及环回测试模块。美克家居则系家居巨头，主要从事家具及配套家居产品的生产及 销售，不难看出，此次收购也构成跨界。 年度净利亏损加剧 跨界并购背后，近年来美克家居净利接连亏损，并且年度净利亏损加剧。 美克家居 ...

净利连续亏损、营收规模不断缩窄，美克家居（600337）的财务数据反映了公司当下的经营困境。12月17日晚间，美克家居祭出大动作，将目光盯向了跨 界，欲购高速铜缆龙头企业深圳万德溙光电科技有限公司（以下简称"万德溙"）控制权。 据露笑科技彼时公告，万德溙投前估值为3亿元，增资完成后标的公司估值为3.6亿元。 天眼查显示，截至最新，深圳万德亚盛科技企业（有限合伙）、露笑科技分别系万德溙第一大、第二大股东，持股比例分别为83.33%、16.67%。 对于标的目前的盈利能力，美克家居在公告中并未过多介绍。不过，露笑科技当时公告中披露数据显示，截至2024年6月30日，万德溙资产总额为2878.9万 元，负债总额为2338.71万元，净资产为540.19万元，上半年营业收入为1701.65万元，净利润为90.87万元，上述数据均未审计。 资本市场上，A股公司跨界并购比比皆是，但整合效果不尽如人意的也有不少案例。另外，截至今年前三季度末，美克家居控股股东美克投资集团有限公司 （以下简称"美克集团"）所持公司近34%的股份仍处于满仓质押状态。美克家居的这次跨界并购，能否解开公司困局、疏解实控人冯东明的压力，结果还是 个未 ...

来源：粤股8 连年亏损的局面下，曾经的"高端家居第一股"美克家居（600337）抛出跨界收购计划。 昨日晚间，美克家居发布公告称，公司正在筹划以发行股份及支付现金的方式收购深圳万德溙光电科技 有限公司控制权，并募集配套资金。目前，公司已经与部分主要交易对方签署了《股权收购意向性协议 书》，初步达成购买资产意向。公司股票将于12月18日开市起停牌，预计停牌时间不超过10个交易日。 昨日晚间，美克家居发布公告称，公司正在筹划以发行股份及支付现金的方式收购深圳万德溙光电科技 有限公司控制权，并募集配套资金。目前，公司已经与部分主要交易对方签署了《股权收购意向性协议 书》，初步达成购买资产意向。公司股票将于12月18日开市起停牌，预计停牌时间不超过10个交易日。 双方在增资协议中约定，若万德溙光电发展达到预期，露笑科技"可能对其控股权进行收购"。根据公 告，若万德溙2025年1-6月母公司合并报表，扣除非经常性损益前后孰低净利润达到1500万元以上，或 2025年度业绩达到协议约定相应年度的承诺业绩，露笑科技有权（但无义务）按照约定通过增资或者受 让原股东股权的方式成为万德溙的控股股东。增资或者股权受让价格为投前估值 ...

Market Overview - On December 18, A-shares opened lower with the Shanghai Composite Index down 0.34% at 3857.26 points, the Shenzhen Component Index down 0.85% at 13112.61 points, and the ChiNext Index down 1.17% at 3138.66 points [1] - Key sectors such as CPO, tax refunds for outbound travelers, and fiberglass saw significant declines [1] - Notable stocks included Baida Group, which opened up 4.49%, and Shengtong Energy, which reached a limit up after a change in control [1] Company News - SpaceX has entered a "regulatory quiet period," signaling the initiation of the largest IPO in history [2] - Vanke A proposed a 12-month extension for the principal repayment of its medium-term notes, with a total outstanding amount of 3.7 billion yuan [2] - CATL launched the world's first humanoid robot production line for battery PACKs, marking a significant milestone in intelligent manufacturing [2] - China CNR signed several major contracts totaling approximately 53.31 billion yuan, representing 21.6% of its projected 2024 revenue [3] - Huayi Brothers reported a reduction in shareholding by Alibaba's venture capital arm, decreasing its stake from 3.47% to 2.40% [3] Industry Insights - The global optical module market is experiencing a rapid shift from copper cables to fiber optics, with 1.6T products expected to see significant growth starting in 2026 [6] - The Yichun Natural Resources Bureau plans to revoke 27 mining licenses, including one for Jiangte Electric's lithium-containing ceramic stone mine with an annual capacity of 1.2 million tons [7] - Travel bookings for the upcoming New Year holiday have increased by nearly 30% compared to the same period last year, indicating a recovery in the tourism sector [8] - A successful clinical trial of an invasive brain-computer interface was completed, allowing a paralyzed patient to control a smart wheelchair using brain signals [9] - The upcoming FORCE conference by Volcano Engine is expected to introduce new AI models, enhancing performance and reducing costs [10] - The fifth International AIDC Liquid Cooling Supply Chain Summit will discuss the growing importance of liquid cooling technology in data centers due to rising AI server demands [11] - The founder of Hailin Energy predicts that global electricity demand will surge by 2050, emphasizing the critical role of energy storage in addressing energy challenges [12][13] Institutional Perspectives - CITIC Securities highlights structural opportunities in the express delivery sector, focusing on cost reduction across the entire supply chain [14] - CICC notes that the food and beverage industry is nearing a bottom, with a focus on high-quality growth driven by product innovation and channel expansion [15] - Huatai Securities anticipates that the recent approval of L3 autonomous driving vehicles will accelerate value reconstruction in the smart driving industry, with significant investment opportunities emerging in 2026 [16]

中国经济网北京12月18日讯 美克家居(600337.SH)昨日晚间披露关于发行股份及支付现金购买资产 并募集配套资金事项的停牌公告称，公司正在筹划通过发行股份及支付现金的方式收购深圳万德溙光电 科技有限公司（以下简称"万德溙"或"标的公司"）控制权，并募集配套资金。 本次交易事项尚处于筹划阶段，公司目前已与交易意向方签署了《股权收购意向性协议书》，初步 确定的交易对方为深圳万德亚盛科技企业(有限合伙）。交易对方的范围尚未最终确定，最终交易对方 以重组预案或重组报告书披露的信息为准。 本次交易尚处于筹划阶段。截至公告披露日，标的公司的估值尚未最终确定。本次交易前，标的公 司与公司之间不存在关联关系。因目前标的公司审计评估、交易金额、发行股份及支付现金比例等内容 暂未确定，故本次交易是否构成重大资产重组及关联交易尚未确定。对于本次交易是否构成重大资产重 组及是否构成关联交易的具体认定，公司将在重组预案或重组报告书中予以详细分析和披露。 鉴于上述事项尚存在不确定性，为了保证公平信息披露、维护投资者利益，避免对公司股价造成重 大影响，根据上海证券交易所的相关规定，经公司申请，公司股票（证券简称：美克家居，证券代码： ...

对于目前国内数据中心线缆及模块市场情况，行业头部企业立讯精密2024年年报称，随着AI应用在全 球范围内呈爆发式增长，AI数据中心对于算力、数据传输速率与质量、散热及能源管理的需求呈现指 数级攀升态势。在此背景下，立讯精密敏锐洞察行业趋势，基于模块化设计理念，前瞻性布局数据中心 零组件，并创新性的打造了面向AI整机柜的核心零组件整体解决方案，该方案涵盖铜缆高速互连、光 高速互联、热管理及电源管理四大模块，其中1.6TOSFPDAC和AOC为其核心产品之一。 12月17日晚间，美克家居(600337)公告，公司拟通过发行股份及支付现金的方式收购深圳万德溙光电科 技有限公司（以下简称"万德溙光电"）控制权，并募集配套资金。 据美克家居公告称，本次交易事项尚处于筹划阶段，公司目前已与交易意向方签署了《股权收购意向性 协议书》，初步确定的交易对方为深圳万德亚盛科技企业(有限合伙)。交易对方的范围尚未最终确定， 最终交易对方以重组预案或重组报告书披露的信息为准。（秦声） 万德溙光电官网消息显示，公司主要从事研发、生产并销售应用于AI算力集群和数据中心的全系列高 速互连线缆组件及模块。1.6T及以下速率的高速铜缆产品中， ...

Group 1 - Hainan Free Trade Port officially launched full island closure operations on December 18, marking a significant step in China's commitment to high-level opening-up and building an open world economy [2] - The Ministry of Finance reported that from January to November, the national general public budget revenue reached 200,516 billion yuan, a year-on-year increase of 0.8%, with tax revenue at 164,814 billion yuan, up 1.8% [2] - The National Development and Reform Commission and other departments released guidelines for clean and efficient coal utilization, encouraging upgrades and modifications to existing projects to meet benchmark levels [3] Group 2 - On December 17, lithium carbonate main contract prices surged, with a peak increase of 8.84%, closing at 10.862 million yuan per ton, reflecting an 84.1% increase from the year's low [4] - The State Administration for Market Regulation indicated that requiring merchants to offer "lowest prices online" may constitute abuse of market dominance or monopolistic agreements [5] - The National Development and Reform Commission and the National Energy Administration announced the establishment of a national unified electricity market evaluation system, focusing on operational effectiveness and market competition [6] Group 3 - China International Capital Corporation, Dongxing Securities, and Xinda Securities disclosed major asset restructuring plans and are set to resume trading on December 18 [7] - Baida Group's stock has seen significant short-term price increases, indicating potential risks of rapid declines [8] - China Railway Engineering Corporation plans to repurchase A-shares worth between 1 billion and 2 billion yuan [11]

Group 1: Major News - Hainan Free Trade Port officially starts full island closure [1] - CICC announces share swap merger plan with Dongxing Securities and Xinda Securities, with stocks resuming trading [1] - Wanlong Optoelectronics plans significant asset restructuring and resumes trading [1] Group 2: Financial Data - From January to November, national tax revenue reached 4,044 billion yuan, with stamp duty revenue at 1,855 billion yuan, a year-on-year increase of 70.7% [2] - Government fund budget expenditure for the same period was 9.21 trillion yuan, up 13.7% year-on-year [2] Group 3: Company News - CICC, Dongxing Securities, and Xinda Securities announced major asset restructuring plans, with stocks resuming trading on December 18 [5] - Fengxing Co. plans to acquire 75% of Baiyin Huaxin's shares through a share issuance, marking a significant asset restructuring [5] - Wanlong Optoelectronics intends to acquire 100% of Zhongkong Information's shares, aiming to enhance its infrastructure digitalization business [6] - Pulutong plans to acquire 100% of Leqi Cayman and 8.26% of Hangzhou Lemai's shares, indicating a significant asset restructuring [6] - Xiaosong Co. is transferring 9.25% of its shares to Jiasheng Times, resulting in a change of control [7] - Lianchuang Electronics is planning a potential change in control through a share transfer [8] - Shanghai Airport signed a duty-free store operation rights transfer contract, effective from January 1, 2026 [8] - Huayi Brothers reported a reduction in shareholding by Alibaba's investment arm, stabilizing the company's equity structure [8] - Fenglong Co. is planning a change in control, with stock suspension expected [9] - Meike Home is planning to acquire control of Shenzhen Wandeng Guangdian Technology Co., with stock suspension expected [10] Group 4: Industry Insights - Huatai Securities reports that domestic consumption is expected to continue a mild recovery, highlighting structural opportunities in domestic brands and AI+ consumption [11] - Galaxy Securities notes that a favorable liquidity environment and improved capital market conditions are driving the securities sector's growth [11]

Group 1: Debt Restructuring and Market Signals - Sunac China is expected to have its existing debt of approximately $9.6 billion fully discharged and waived by December 23, 2025, contingent upon meeting or waiving restructuring conditions [1] - This restructuring serves as a viable model for deep debt reduction, providing a key example for risk clearance in the industry and enhancing recovery expectations for quality distressed real estate companies [1] - The confirmation of debt resolution sends a positive signal to the market amid industry differentiation [1] Group 2: Regulatory Actions and Market Stability - Beijing's housing authority, in collaboration with other departments, has conducted joint interviews with major internet platforms to clear 17,000 instances of illegal housing information, aiming to curb the spread of false information and market panic [2] - This initiative is part of ongoing efforts to regulate the real estate market and enhance the competitive environment for compliant real estate intermediaries and platforms [2] Group 3: Financing Trends in Real Estate - In November, the total bond financing for the real estate sector reached 62.04 billion yuan, marking a year-on-year increase of 28.5% [3] - The financing structure shows a decline in credit bond financing by 1.6% year-on-year, while asset-backed securities (ABS) financing increased by 36% [3] - The average bond financing interest rate was 2.66%, reflecting a slight year-on-year decrease, indicating a marginal improvement in the financing environment [3] Group 4: Land Supply and Market Dynamics - Wuxi has officially listed seven residential land parcels with a total starting price of 8.473 billion yuan, setting a new annual high for both scale and unit price [4] - This move aligns with the trend of increased land supply in key cities towards the end of the year, highlighting the resilience of land value in core areas [4] Group 5: Corporate Acquisition and Strategic Transformation - Meike Home is planning to acquire control of Shenzhen Wandeli Technology through a combination of share issuance and cash payment, aiming to leverage AI capabilities for a "technology + home" transformation [5] - This strategic move is seen as a critical step for companies in the home furnishing sector seeking to adapt and integrate into new technological trends [5]