南财智讯1月28日电，科达制造公告，公司同意投资9471.80万美元（折合人民币65958.77万元）用于建 设加纳日产600吨浮法玻璃生产项目，资金来源为海外建材业务自筹资金（含自有资金及银行贷款）。 ...

Group 1 - Six stocks, including Hanjian Heshan, Keda Manufacturing, and Hunan Gold, were suspended from trading on January 23 [1]

Investment Rating - The report maintains a "Buy" rating for the mechanical equipment sector, indicating a positive outlook for the industry [6]. Core Insights - The low-altitude economy is experiencing significant growth, with the Guangdong-Hong Kong-Macao Greater Bay Area set to add 801 new low-altitude takeoff and landing points by 2025, and a logistics drone route network of 310 lines, showcasing a market potential of over one trillion yuan [3]. - The mechanical equipment sector shows strong competitive advantages for domestic leading companies, with forklift sales in December 2025 reaching 111,363 units, a slight year-on-year increase of 0.03%, while exports grew by 7.97% [3]. - The engineering machinery industry is expected to maintain steady growth, with total forklift sales in 2025 projected to be 1,451,768 units, a year-on-year increase of 12.9% [3]. Weekly Market Review - From January 11 to January 16, 2026, the Shanghai Composite Index fell by 0.45%, while the Shenzhen Component Index and the ChiNext Index rose by 1.14% and 1.00%, respectively. The Shenwan Mechanical Equipment Index increased by 1.91%, outperforming the CSI 300 Index by 2.48 percentage points, ranking fifth among 31 Shenwan first-level industries [2][11]. - Sub-sectors within mechanical equipment saw varied performance, with general equipment up by 3.11%, automation equipment up by 4.19%, while engineering machinery and rail transit equipment saw declines of 0.88% and 1.81%, respectively [11]. Key Sector Tracking - The low-altitude economy is supported by the timely establishment of safety standards, such as the Civil Unmanned Aerial Vehicle Parachute System Specification, which aims to enhance operational safety for drones in densely populated areas [3]. - The report highlights the competitive landscape for domestic leading companies in the mechanical equipment sector, emphasizing their strong position in both supply and demand [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Huasheng Group, among others [4]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Juxing Technology and Quanfeng Holdings for the export chain [4].

Core Viewpoint - Keda Manufacturing Co., Ltd. is planning a significant asset restructuring involving the acquisition of minority equity in its subsidiary, Guangdong Tefu International Holdings Co., Ltd., through a combination of share issuance and cash payment, while also raising supporting funds [2][3]. Group 1: Major Asset Restructuring - The transaction is expected to constitute a related party transaction and a major asset restructuring, but it will not qualify as a restructuring listing [2]. - The company's A-shares will be suspended from trading starting January 15, 2026, for a period not exceeding 10 trading days to prevent abnormal stock price fluctuations [2][3]. - The transaction is still in the planning stage, and no formal agreements have been signed yet, with the final implementation subject to necessary internal decision-making processes and regulatory approvals [3]. Group 2: Trademark Acquisition and Related Transactions - Keda Manufacturing's subsidiary, TILEMASTER INVESTMENT LIMITED, has signed a framework agreement to acquire 182 trademarks related to the building materials business from Senda Group for a total consideration of RMB 200 million (including tax) [6]. - On January 21, 2026, TILEMASTER signed a trademark transfer agreement with Senda Group, which includes the free transfer of the "TWYFORD" trademark [7][8]. - The agreement stipulates that TILEMASTER will have exclusive rights to the "TWYFORD" trademark, including ownership, usage rights, and the right to prevent infringement, effective immediately upon signing [9].

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry, indicating a positive outlook for the sector [6]. Core Insights - The low-altitude economy is experiencing significant growth, with the Guangdong-Hong Kong-Macao Greater Bay Area set to add 801 new low-altitude takeoff and landing points by 2025, and a logistics drone route network of 310 lines, showcasing a market potential of over one trillion [3]. - The mechanical equipment sector is expected to maintain steady growth, supported by strong competitive advantages of domestic leading enterprises in both supply and demand [3]. - In December 2025, forklift sales reached 111,363 units, a slight year-on-year increase of 0.03%, with exports growing by 7.97% to 47,556 units [3]. Weekly Market Review - From January 11 to January 16, 2026, the Shanghai Composite Index fell by 0.45%, while the Shenzhen Component Index and the ChiNext Index rose by 1.14% and 1.00%, respectively. The Shenwan Mechanical Equipment Index increased by 1.91%, outperforming the CSI 300 Index by 2.48 percentage points, ranking fifth among 31 Shenwan first-level industries [11]. - Sub-sectors such as general equipment and automation equipment saw increases of 3.11% and 4.19%, respectively, while engineering machinery and rail transit equipment experienced declines of 0.88% and 1.81% [11]. Key Sector Tracking - The report highlights the low-altitude economy's rapid development alongside the establishment of critical safety standards, which are essential for the sustainable growth of the sector [3]. - The mechanical equipment sector's export chain remains robust, with a year-on-year growth of 13.4% in exports for 2025, indicating a positive trend for future growth [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Wan Feng Aowei [4]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Giant Star Technology and Quan Feng Holdings for the export chain [4].

Investment Rating - The report maintains a positive outlook on the building materials industry, indicating a "Look Forward" investment rating [3][4]. Core Insights - The real estate sector has experienced a downturn for five consecutive years, but there are emerging positive signals that warrant attention. The building materials industry has faced pressures such as declining demand, credit risk expansion, cost disturbances, and intensified competition [4][5]. - Over the past five years, the industry has undergone significant capacity clearance, with a cumulative decline of 38% in waterproof materials production from 2021 to 2024. In contrast, the top three companies in this sector have seen a revenue decline of only 20.9%, indicating a rapid increase in industry concentration [4][5]. - Strategic transformations have been completed by several leading building materials companies, enhancing their competitive positions and adapting to market changes. Companies like Dongfang Yuhong and Keshun have successfully restructured their channels and expanded into new markets [6]. - There is an anticipated surge in renovation demand due to the aging housing stock, with a significant portion of homes being over 20 years old. The report predicts that by 2025, second-hand housing transactions will account for 70% of the market, which will likely stimulate renovation activities [7][9]. - Policy adjustments have been noted, with government signals indicating support for the real estate sector, including tax incentives for housing transactions. This is expected to positively influence market sentiment and investment in the building materials sector [9]. Summary by Sections Industry Overview - The building materials industry has faced five years of challenges, but recent developments suggest a potential recovery. The report emphasizes the importance of viewing the industry from a long-term perspective [4][5]. Capacity and Production - The report highlights a significant reduction in production capacity across various segments, including a 38% decline in waterproof materials and a 1.6 billion ton reduction in cement capacity, which has alleviated supply pressures [4][5]. Strategic Transformations - Notable companies have successfully navigated strategic transformations, with improvements in asset quality and revenue growth. For instance, Dongfang Yuhong has seen a substantial increase in retail business revenue [6]. Demand Dynamics - The report anticipates a shift in demand dynamics, particularly in the renovation market, driven by an aging housing stock and changing consumer preferences. This is expected to lead to increased demand for building materials [7]. Policy Environment - Recent policy changes are viewed as supportive of the real estate market, with indications of government backing for housing transactions and urban renewal initiatives [9]. Investment Recommendations - The report suggests focusing on core consumer building materials stocks, particularly those positioned to benefit from anticipated increases in construction activity and renovation demand [9].

科达制造公告，子公司TILEMASTER与森大集团于2024年11月25日签订商标转让框架协议，对价已支 付完毕。2026年1月21日，双方再次签订商标转让协议，森大集团将"TWYFORD"商标无偿转让至 TILEMASTER或其指定第三方。协议生效后，TILEMASTER或其指定第三方将享有"TWYFORD"商标 的所有权及相关权利。 ...

证券代码：600499 股票简称：科达制造 公告编号：2026-003 科达制造股份有限公司 关于子公司收购商标暨关联交易的进展公告 2026 年 1 月 21 日，广东特福国际指定其子公司 TILEMASTER 与森大集团 签订了《商标转让协议》（以下简称"本协议"），森大集团将"TWYFORD" 商标无偿转让至 TILEMASTER 或其指定第三方，主要协议内容如下： （一）合同主体 甲方（转让方）：森大集团有限公司 1 / 2 乙方（受让方）：TILEMASTER INVESTMENT LIMITED （二）交易标的 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。 一、关联交易概述 为进一步提升科达制造股份有限公司（以下简称"公司"）海外建材业务的 独立性，增强核心竞争力，公司于 2024 年 11 月 12 日召开第九届董事会第四次 会议，同意子公司广东特福国际控股有限公司（以下简称"广东特福国际"）指 定 其 全 资 子 公 司 TILEMASTER INVESTMENT LIMITED （ 以 下 简 称 "TIL ...

科达制造股份有限公司（以下简称"公司"）正在筹划以发行股份及支付现金 的方式收购公司控股子公司广东特福国际控股有限公司的少数股权，同时募集配 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》等有 关规定，本次交易预计将构成关联交易，构成重大资产重组，但不构成重组上市。 因本次交易尚处于筹划阶段，有关事项存在不确定性，为了维护投资者利益，避 免造成股价异常波动，根据上海证券交易所相关规定，经公司申请，公司 A 股股 票（证券简称：科达制造，证券代码：600499.SH）自 2026 年 1 月 15 日（星期四） 开市起开始停牌，预计停牌时间不超过 10 个交易日。具体内容详见公司于 2026 年 1 月 15 日在上海证券交易所网站（www.sse.com.cn）披露的《关于筹划重大资 产重组的停牌公告》（公告编号：2026-001）。 证券代码：600499 证券简称：科达制造 公告编号：2026-002 科达制造股份有限公司 关于筹划重大资产重组的停牌进展公告 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 ...

科达制造公告称，公司正筹划以发行股份及支付现金方式收购控股子公司广东特福国际控股有限公司少 数股权并募集配套资金，预计构成关联交易和重大资产重组，不构成重组上市。公司A股股票自2026年 1月15日开市起停牌，截至公告披露日，交易仍处筹划阶段，相关方正协商、论证和确认方案。为避免 股价异常波动，股票将继续停牌，待事项确定后申请复牌，交易最终能否实施存在不确定性。 ...