Core Points - *ST Huaron has experienced a significant stock performance, achieving three consecutive daily limit-ups, with a current price of 7.43 yuan and a total market capitalization of 1.453 billion yuan [2] - The stock has seen a cumulative increase of 15.73% during the consecutive limit-up period, with a total turnover rate of 0.27% [2] Financial Performance - In the first quarter, the company reported total operating revenue of 20 million yuan, a year-on-year decrease of 8.78% [2] - The net profit for the same period was -1.0361 million yuan, reflecting a year-on-year decline of 77.81% [2] Trading Activity - The stock's trading data shows varying daily performance, with notable net inflows of main funds on certain days, such as 449.07 thousand yuan on August 4, 2025 [2] - The trading volume and turnover rates have fluctuated, with a low turnover rate of 0.02% reported recently [2]

湖北华嵘控股股份有限公司 简式权益变动报告书 （浙江恒顺、上海天纪） 上市公司名称：湖北华嵘控股股份有限公司 股票上市地点：上海证券交易所 股票简称：*ST 华嵘 股票代码：600421 信息披露义务人 1：浙江恒顺投资有限公司 住所/通讯地址：杭州市上城区好望角公寓 1 幢 1001 室 股份变动性质：股份减少（协议转让） 信息披露义务人 2：上海天纪投资有限公司 住所/通讯地址：中国（上海）自由贸易试验区世纪大道 210 号 905 室 股份变动性质：股份减少（协议转让） 签署日期：2025 年 8 月 13 日 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券公司信息披露内容与格式准则第 （以下简称"准则 15 号"）及相关的法律、法规及部门 规章的有关规定编写本报告书。 二、依据《公司法》 《证券法》 《收购办法》 《准则 15 号》的规定，本报告书 已全面披露信息披露义务人在湖北华嵘控股股份有限公司中拥有权益的股份变 动情况；截至本报告书签署日，除本报 ...

二、二级市场交易风险 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。 重要内容提示： 1 根据公司控股股东浙江恒顺投资有限公司（以下简称"浙江恒顺"）及其一 致行动人上海天纪投资有限公司（以下简称"上海天纪"）与收购人海南伯 程汇能科技中心（有限合伙）（以下简称"伯程汇能"或"海南伯程"）签 署的《股权转让协议》，本次收购华嵘控股 25.01%的股份，伯程汇能需支付 现金对价 45,041.29 万元，截至目前，收购方伯程汇能的相关收购资金尚未 准备到位；同时按照《上市公司收购管理办法》的有关规定，收购方应当编 制《详式权益变动报告书》，聘请财务顾问并出具《财务顾问报告》。截至 目前，收购方伯程汇能的《详式权益变动报告书》尚未编制，且尚未聘请财 务顾问。本次收购能否完成，后续收购程序存在重大不确定性，敬请投资者 注意投资风险。 公司 2024 年度经审计的扣除非经常性损益后的净利润为负值，且扣除与主 营业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元， 触及《上海证券交易所股票上市规则》第 9.3.2 ...

湖北华嵘控股股份有限公司 简式权益变动报告书 （浙江恒顺、上海天纪） 上市公司名称：湖北华嵘控股股份有限公司 股票上市地点：上海证券交易所 股票简称：*ST 华嵘 股票代码：600421 信息披露义务人 1：浙江恒顺投资有限公司 住所/通讯地址：杭州市上城区好望角公寓 1 幢 1001 室 股份变动性质：股份减少（协议转让） 信息披露义务人 2：上海天纪投资有限公司 住所/通讯地址：中国（上海）自由贸易试验区世纪大道 210 号 905 室 股份变动性质：股份减少（协议转让） 签署日期：2025 年 8 月 13 日 1 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券公司信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称"准则 15 号"）及相关的法律、法规及部门 规章的有关规定编写本报告书。 二、依据《公司法》《证券法》《收购办法》《准则 15 号》的规定，本报告书 已全面披露信息披露义务人在湖北华嵘控股股份有限公司中拥有权益的股份变 动情况；截 ...

Group 1 - The core point of the article is the change of control in *ST Huazhong, where the actual controller will shift from Lou Yongliang to Lin Muxun, leading to a significant market reaction with the stock hitting the daily limit on August 12 [1][3][5] - The stock price of *ST Huazhong closed at 6.74 yuan per share on August 12, with a total market capitalization of approximately 1.318 billion yuan [3] - The transaction involves Zhejiang Hengshun and Shanghai Tianji transferring a total of approximately 48.9 million shares, representing 25.01% of the company's total shares, to Hainan Bocheng Huineng Technology Center for about 450 million yuan [3][4] Group 2 - *ST Huazhong has reported continuous losses over the past four years, with net profits of approximately -8.86 million yuan, -6.49 million yuan, -8.28 million yuan, and -4.68 million yuan from 2021 to 2024 [7] - The company’s revenue has also been declining, with figures of approximately 130 million yuan, 125 million yuan, 122 million yuan, and 117 million yuan for the same years [7] - The first quarter of 2025 showed a revenue of approximately 2.0045 million yuan, a year-on-year decrease of 8.78%, and a net profit of approximately -103.61 million yuan [7][8] Group 3 - The new controlling entity, Bocheng Huineng, was established specifically for this acquisition, with a registered capital of 24 million yuan, of which only 2 million yuan has been paid in as of the announcement date [5][6] - The Shanghai Stock Exchange has raised concerns regarding the financial capabilities of Bocheng Huineng and its partners, questioning the sources of funds for the acquisition and their ability to fulfill the transaction [5][6] - The market generally anticipates positive changes when a capable acquirer takes control of a listed company, which can lead to improved fundamentals and stock performance [4]

Core Viewpoint - The company *ST Huaron (600421.SH) is undergoing a potential change in control due to the planned share transfer by its major shareholders, Zhejiang Hengshun and Shanghai Tianji, which may lead to a shift in ownership [1][6]. Financial Performance - The company has reported continuous net profit losses for four consecutive years from 2021 to 2024, with losses of -8.86 million, -6.49 million, -8.28 million, and -4.68 million, totaling over 28 million [7]. - The company's non-recurring net profit has been in the red for nine consecutive years from 2016 to 2024, accumulating losses exceeding 60 million [8]. - In 2024, the company's revenue was only 117 million, with actual revenue after excluding unrelated income being 112 million [10]. Shareholder Structure - As of Q1 2025, Zhejiang Hengshun and Shanghai Tianji hold 19.50% and 12.46% of *ST Huaron's shares, respectively, giving them a combined voting power of 31.96%, under the actual control of Lou Yongliang, chairman of Zhongtian Holdings Group [6]. Business Strategy and Challenges - In response to the delisting risk, *ST Huaron is attempting to pivot its business by expanding into the wind power mixed tower mold market through its subsidiary, Zhejiang Zhuangchen [11]. - The annual report indicates that Zhejiang Zhuangchen contributed 100% of the company's total revenue in 2024 [12]. - Despite these efforts, the company is still facing challenges, with expected net losses of 2.7 million to 4 million in the first half of 2025, primarily due to low gross margins from Zhejiang Zhuangchen and investments in a new computing subsidiary [14]. Control Change Attempts - This is the second time within a year that *ST Huaron is planning a change in control, having previously attempted to do so in November 2022 and February 2023, both of which were terminated shortly after announcement [3][18]. - The current share transfer involves a deal with Hainan Bocheng Huineng Technology Center, with an estimated transaction value of approximately 325 million based on pre-suspension market capitalization [19]. New Investor Profile - The actual controller of Hainan Bocheng, Lin Mushun, is an investor with a PhD in finance from Xiamen University, primarily involved in the education sector, managing over 180,000 students across 26 vocational colleges [20].

Core Viewpoint - The company *ST Huaron (600421)* is undergoing a significant change in its controlling shareholder and actual controller due to a share transfer agreement with Hainan Bocheng Huineng Technology Center, which may impact its governance structure [1] Share Transfer Details - Zhejiang Hengshun will transfer 38,136,775 shares (19.50% of total shares) to Bocheng Huineng - Shanghai Tianji will transfer 10,768,000 shares (5.51% of total shares) to Bocheng Huineng - The proposed transaction price is set at 9.21 yuan per share [1][1] Change in Control - If the transaction is completed, the controlling shareholder will change from Zhejiang Hengshun to Bocheng Huineng - The actual controller will change from Lou Yongliang to Lin Mushun [1][1] Financial Considerations - As of the announcement date, Bocheng Huineng has a subscribed capital of 20 million yuan, indicating significant uncertainty regarding its payment capability for the acquisition [1][1] Stock Resumption - The company's stock is scheduled to resume trading on August 12, 2025 [1][1]

Core Viewpoint - The announcement indicates a significant change in the ownership structure of *ST Huaron (600421.SH), with the controlling shareholder and actual controller set to change as a result of a share transfer agreement with Bocheong Huineng Technology Center [1] Group 1: Share Transfer Details - Zhejiang Hengshun will transfer 38,136,775 shares (19.50% of total shares) to Bocheong Huineng, while Shanghai Tianji will transfer 10,768,000 shares (5.51% of total shares) [1] - The agreed transaction price is set at 9.21 yuan per share [1] Group 2: Impact on Control - If the transaction is completed, the controlling shareholder will change from Zhejiang Hengshun to Bocheong Huineng, and the actual controller will change from Lou Yongliang to Lin Moshun [1] - As of the announcement date, Bocheong Huineng has a subscribed capital of 20 million yuan, raising concerns about the payment capability for this acquisition [1] Group 3: Stock Resumption - The company's stock is scheduled to resume trading on August 12, 2025 [1]

Core Viewpoint - The company is undergoing a significant change in control as its major shareholder, Zhejiang Hengshun Investment Co., Ltd., along with its concerted party, Shanghai Tianji Investment Co., Ltd., plans to transfer 25.01% of shares to Hainan Bocheng Huineng Technology Center (Limited Partnership), with Lin Muxun becoming the new actual controller [1][2]. Group 1 - The transaction is valued at approximately 450 million yuan, with Hainan Bocheng's subscribed capital amounting to 240 million yuan, of which only 20 million yuan has been paid as of the announcement date [2]. - The Shanghai Stock Exchange has issued a regulatory letter requiring Hainan Bocheng and Lin Muxun to verify and explain the sources and preparation of funds necessary for the acquisition, as well as their actual ability to perform the transaction [2][3]. - The regulatory letter also requests confirmation regarding any significant debts owed by the acquirer and whether there are any other disqualifying conditions affecting the acquirer's eligibility [2]. Group 2 - The company’s board of directors is urged to diligently investigate the acquirer's qualifications, credit status, and acquisition intentions to protect the interests of the listed company and minority shareholders [2][3]. - The company is required to respond in writing within three trading days of receiving the regulatory letter and fulfill its information disclosure obligations [3].

因公司控股股东浙江恒顺投资有限公司及其一致行动人上海天纪投资有限公司筹 划控制权变更事项已取得进一步进展,本公司的相关证券复牌情况如下： 停牌 | | 停牌起始日 | 停牌终止日 | | | --- | --- | --- | --- | | 证券代码 证券简称 停复牌类型 期间 | | | | | | | | 复牌日 | 证券代码：600421 证券简称：*ST 华嵘 公告编号：临 2025-041 湖北华嵘控股股份有限公司 关于控股股东筹划控制权变更事项进展暨复牌的公告 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法律责任。 重要内容提示： ? 证券停复牌情况：适用 ● 公司 2024 年度经审计的扣除非经常性损益后的净利润为负值，且扣除与主营 业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，触及《上 海证券交易所股票上市规则》第 9.3.2 条第一款第（一）项规定，公司股票于 2025 年 4 月 29 日起实施退市风险警示。经财务部门初步测算，预计 2025 年半年度实 现归属于上市公司股东的净利润将出现亏 ...