Group 1 - The domestic aircraft carrier concept sector declined by 1.29%, ranking among the top declines in the concept sector, with major declines seen in companies like China Satellite, Jin Xin Nuo, and Bo Wei Alloy [1][2] - Among the domestic aircraft carrier concept stocks, six stocks experienced price increases, with China Shipbuilding, China Ship Defense, and China Power rising by 1.29%, 0.81%, and 0.50% respectively [1][2] - The domestic aircraft carrier concept sector saw a net outflow of 1.167 billion yuan from main funds, with 28 stocks experiencing net outflows, and eight stocks seeing outflows exceeding 50 million yuan [2][3] Group 2 - The top net outflow stock was China Satellite, with a net outflow of 217 million yuan, followed by Jin Xin Nuo, Taihao Technology, and Hailanxin with net outflows of 171 million yuan, 141 million yuan, and 137 million yuan respectively [2][3] - The stocks with the highest net inflow included China Shipbuilding, Zhongzhong Co., and China Ship Defense, with net inflows of 85.33 million yuan, 0.968 million yuan, and 0.955 million yuan respectively [2][3] - The domestic aircraft carrier concept sector had several stocks with significant declines, including China Satellite at -4.19%, Jin Xin Nuo at -3.78%, and Taihao Technology at -3.00% [2][3]

Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of China Shipbuilding Industry Group Power Co., Ltd.'s application for issuing convertible bonds and cash purchase of assets, following the company's withdrawal of the application [1][9]. Group 1: Transaction Overview - China Power planned to acquire a 16.5136% stake in China Ship Diesel Engine Co., Ltd. from China Shipbuilding Industry Group through issuing convertible bonds and cash, with a total transaction price of 381.4284 million yuan [2][3]. - The payment structure for the transaction includes 75.32629 million yuan in cash and 306.10211 million yuan through convertible bonds [3][4]. - The transaction is not expected to change the company's main business or control structure, as the controlling shareholder remains China Shipbuilding Industry Group [2][4]. Group 2: Financial Details - The valuation of the target company, China Ship Diesel Engine, was assessed at 2.39709385 billion yuan, reflecting an increase of 38.18% over its book value of 1.73480996 billion yuan [4]. - The cash dividend amounting to 87.31362 million yuan was deducted from the valuation to determine the final price for the 16.5136% stake [4]. Group 3: Fundraising and Use of Proceeds - The company intended to raise funds from no more than 35 specific investors, with the total amount not exceeding 100% of the transaction value [5]. - The proceeds were planned to cover transaction cash payments, intermediary fees, and various projects, including enhancing manufacturing capabilities and supporting working capital [6][8].

Group 1 - The core viewpoint of the news is the performance and characteristics of the National Index of Free Cash Flow and its corresponding ETF, highlighting the positive trends in liquidity and returns [1][2] - As of September 12, 2025, the Free Cash Flow ETF has seen a net inflow of 97.92 million yuan over the last 10 trading days, with 7 days of net inflow [1] - The Free Cash Flow ETF has achieved a net value increase of 12.46% over the past 6 months, with a maximum monthly return of 7% since its inception [1] Group 2 - The National Index of Free Cash Flow closely tracks the performance of companies with high and stable free cash flow levels in the Shanghai and Shenzhen stock exchanges [2] - The top ten weighted stocks in the National Index of Free Cash Flow as of August 29, 2025, include SAIC Motor, China National Offshore Oil Corporation, Midea Group, and others, accounting for 57.95% of the index [2] - The performance of individual stocks within the top ten includes SAIC Motor with a 1.46% increase and China National Offshore Oil Corporation with a 0.57% decrease [4]

Core Viewpoint - The company is changing its auditing firm from Da Xin to Rong Cheng for the 2025 financial year, with a reduction in audit fees compared to the previous year [1][2][10]. Group 1: Audit Firm Change - The new auditing firm, Rong Cheng, will replace Da Xin, which has completed its services for the 2024 financial year [2][12]. - The decision to change auditors is based on the company's operational development needs and compliance with relevant regulations [2][12]. - The company has communicated with both Rong Cheng and Da Xin regarding the change, and both parties have no objections [2][13]. Group 2: Audit Fees - The total audit fee for Rong Cheng is set at 3.66 million yuan, which includes 3.12 million yuan for financial statement audits and 540,000 yuan for internal control audits [1][10]. - The audit fees for the current year have decreased by 2.66% compared to the previous year [1][10]. Group 3: Rong Cheng's Background - Rong Cheng was established in August 1988 and is one of the earliest firms authorized to provide securities services in China [2]. - As of December 31, 2024, Rong Cheng has 196 partners and 1,549 registered accountants, with 781 having signed securities service audit reports [3]. - The firm has audited 518 listed companies for their 2024 annual reports, with total audit fees amounting to 620.4752 million yuan [3]. Group 4: Professional Competence and Integrity - The project partners and signing accountants for the company have relevant professional qualifications and experience in auditing listed companies [7][8]. - Rong Cheng has not faced any criminal or administrative penalties in the past three years, indicating a strong integrity record [6][8]. - The firm has purchased professional liability insurance with a cumulative compensation limit of no less than 200 million yuan [4].

Core Viewpoint - China Power (600482.SH) announced the termination of its plan to acquire a 16.5136% stake in China Ship Diesel Engine Co., Ltd. from China Shipbuilding Industry Group through the issuance of convertible bonds and cash payment due to changes in external conditions [1] Group 1 - The company intended to raise funds by issuing convertible bonds to no more than 35 specific investors to support the acquisition [1] - The company and related parties actively promoted the transaction and complied with information disclosure obligations [1] - After careful consideration and discussions with relevant parties, the company decided to optimize the transaction plan and withdraw the application submitted to the Shanghai Stock Exchange [1]

Core Viewpoint - China Power (600482.SH) announced the termination of its plan to acquire a 16.5136% stake in China Ship Diesel Engine Co., Ltd. from China Shipbuilding Industry Group through the issuance of convertible bonds and cash payment due to changes in external conditions [1] Group 1 - The company intended to raise funds by issuing convertible bonds to no more than 35 specific investors to support the acquisition [1] - The company and related parties actively promoted the transaction and complied with information disclosure obligations [1] - After careful consideration and discussions with relevant parties, the company decided to optimize the transaction plan and withdraw the application submitted to the Shanghai Stock Exchange [1]

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-061 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定02 | | 中国船舶重工集团动力股份有限公司 第八届董事会第十七次会议决议公告 中国船舶重工集团动力股份有限公司（以下简称"公司"）第八届董事会第十 七次会议于 2025 年 9 月 12 日上午 9:30 以通讯方式召开，会议通知于 2025 年 9 月 8 日以专人送达或电子邮件方式发出。公司应出席董事 9 名，实际出席董事 9 名。会议由公司董事长李勇先生主持召开，公司高级管理人员列席了会议。 本次会议的召开符合《中华人民共和国公司法》等法律、行政法规及规范性文 件和《中国船舶重工集团动力股份有限公司章程》的有关规定。 经与会董事审议，一致通过如下决议： 一、审议通过《关于终止发行可转换公司债券及支付现金购买资产并募集配 套资金暨关联交易事项并撤回申请文件的议案》 公司原拟通过发行可转换公司债券及支付现金的方式向中国船舶工业集团有 限公司（以下简称"中船工业集团"）购买其持有的中船柴油机有限公司 16.5136% 股权，并向不超 ...

Core Viewpoint - The company has decided to terminate the transaction involving the acquisition of a 16.5136% stake in China Shipbuilding Diesel Engine Co., Ltd. from China Shipbuilding Industry Group Co., Ltd. due to changes in external conditions and to protect the interests of the company and its investors [1]. Group 1 - The company initially planned to acquire the stake through the issuance of convertible bonds and cash payments [1]. - The company and related parties have actively promoted the transaction and complied with information disclosure obligations [1]. - After careful consideration and discussions with relevant parties, the company has opted to optimize the transaction plan and withdraw the application submitted to the Shanghai Stock Exchange [1].

Group 1 - The core viewpoint of the article highlights that China Power (SH 600482) held its 17th meeting of the 8th Board of Directors on September 12, 2025, via telecommunication, where it reviewed the proposal for selecting the auditing institution for the 2025 financial statements and internal control [1] - For the fiscal year 2024, the revenue composition of China Power is reported to be 99.15% from industrial operations and 0.85% from other businesses [1] - As of the time of reporting, the market capitalization of China Power stands at 49.8 billion yuan [1]

中信建投证券股份有限公司 关于中国船舶重工集团动力股份有限公司 终止发行可转换公司债券及支付现金购买资产并募 集配套资金暨关联交易事项的核查意见 中信建投证券股份有限公司（以下简称"独立财务顾问"）作为中国船舶重 工集团动力股份有限公司（以下简称"公司"、"中国动力"）发行可转换公司 债券及支付现金购买资产并募集配套资金暨关联交易事项（以下简称"本次交易"） 的独立财务顾问。根据《上市公司重大资产重组管理办法》《上海证券交易所上 市公司自律监管指引第 6 号——重大资产重组》等相关法律、法规及规范性文件 的规定，对公司终止本次交易进行审慎核查，并出具独立财务顾问核查意见如下： 一、本次交易的基本情况 公司拟通过发行可转换公司债券及支付现金的方式向中国船舶工业集团有 限公司（以下简称"中船工业集团"）购买其持有的中船柴油机有限公司（以下 简称"中船柴油机"）16.5136%股权，并向不超过 35 名特定投资者发行可转换公 司债券募集配套资金。本次交易构成关联交易，但不构成重大资产重组，亦不构 成重组上市。 2、2024 年 11 月 8 日，公司召开第八届董事会第八次会议、第八届监事会 第九次会议审议通过了《关 ...