长园科技集团股份有限公司 证券代码：600525 证券简称：ST长园 公告编号：2025054 因公司2024年度内部控制被公司2024年度审计机构上会会计师事务所（特殊 普通合伙）出具了否定意见的《内部控制审计报告》，根据《上海证券交易所股 票上市规则》第 9.8.1 条"上市公司出现以下情形之一的，本所对其股票实施 其他风险警示：……（三）最近一个会计年度财务报告内部控制被出具无法表示 意见或否定意见的审计报告，或未按照规定披露财务报告内部控制审计报 告；……"的规定，公司股票自2025年4月30日起被实施其他风险警示。具体内 容详见公司于2025年4月29日披露的《关于公司股票被实施其他风险警示暨股票 停牌的提示性公告》（公告编号：2025042）。 二、公司被实施其他风险警示后所采取的措施 公司持续定期跟进关联方关于落实归还占用资金计划方案进度，公司按照董 事会关于非标准意见内部控制审计报告的说明落实各项措施。 针对《内部控制审计报告》中指出的问题，公司目前已成立专项整改小组， 由总裁牵头，联合公司相关职能部门开展全面自查。为全面加强内部控制，公司 持续组织开展内部控制及各项管理制度的内部自查，并进一 ...

Core Viewpoint - The company is responding to the Shanghai Stock Exchange's regulatory inquiry regarding the sale of a 25% stake in its subsidiary, Changyuan Electronics, which is valued at 3.4 billion yuan, below its assessed value of 15.163 billion yuan [1][10]. Valuation and Transaction Price - The valuation of Changyuan Electronics was conducted using the income approach, with the assessed value of 100% equity at 15.163 billion yuan, while the 25% stake is priced at 3.4 billion yuan, indicating a discount of 10.31% from the assessed value [1][12]. - The net assets of Changyuan Electronics increased from approximately 3.71 billion yuan in 2018 to about 11.96 billion yuan currently, reflecting a significant growth [1][10]. Financial Projections - The projected revenue for Changyuan Electronics from 2025 to 2029 is as follows: - 2025: 126.77 million yuan - 2026: 134.34 million yuan - 2027: 140.20 million yuan - 2028: 144.80 million yuan - 2029: 148.88 million yuan - The revenue growth rates are projected to decline from 6.84% in 2025 to 2.82% in 2029 [2][8]. Cost and Profitability - The total operating costs for Changyuan Electronics are projected as follows: - 2025: 90.45 million yuan - 2026: 97.12 million yuan - 2027: 102.52 million yuan - 2028: 106.73 million yuan - 2029: 110.34 million yuan - The gross profit margin is expected to decrease from 28.65% in 2025 to 25.89% in 2029 [3][9]. Cash Flow and Financial Health - The projected cash flows for Changyuan Electronics are as follows: - 2025: 9.16 million yuan - 2026: 9.49 million yuan - 2027: 9.78 million yuan - 2028: 9.91 million yuan - 2029: 9.83 million yuan - The cash flow growth rate is expected to decline from 3.66% in 2025 to -0.82% in 2029 [9][10]. Transaction Rationale - The sale of the 25% stake is aimed at improving liquidity and optimizing the asset structure of the company, as the subsidiary has not provided significant dividends to the parent company [14][17]. - The company has faced financial challenges, including a reported loss of 9.78 billion yuan in 2024, necessitating the sale to repay bank loans and supplement operational funds [18]

证券代码：600525 证券简称：ST长园 公告编号：2025053 长园科技集团股份有限公司 关于上交所对公司出售参股子公司股权事项的监管 工作函的回复公告 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。 长园科技集团股份有限公司（以下简称"公司"）近期收到上海证券交易所 《关于长园科技集团股份有限公司出售参股子公司股权事项的监管工作函》（上 证公函【2025】0900号），以下简称"《监管函》"）。公司对《监管函》高度 重视，积极组织相关各方对《监管函》中涉及的问题进行逐项落实，现就《监管 函》相关问题回复如下： 一、关于标的估值与交易作价。公告显示，本次交易采用收益法评估，长 园电子 100%股权评估值为 15.163 亿元。本次转让的长园电子 25%股权对价为 3.4 亿元，低于评估值。关注到，公司 2018 年向沃尔核材出售长园电子 75%股权时， 长园电子净资产约 3.71 亿元，目前长园电子净资产约 11.96 亿元，同比增加逾 2 倍，但交易估值基本持平。请公司补充披露： （1）本次交易评估过程及关键假设情况， ...

Group 1 - Chengjian Development received a dividend of 7.1282 million yuan from Beijing Jingcheng Jiaye Property Co., Ltd., in which it holds a 33.47% stake [1] - Shengnuo Bio expects a net profit attributable to shareholders of 77.0275 million to 94.1448 million yuan for the first half of 2025, representing a year-on-year increase of 253.54% to 332.10% [1] - JKN2301 dry mixed suspension has been approved for clinical trials, targeting children with influenza [5][6] Group 2 - Jindawei obtained a patent for a method of purifying natto kinase, with a validity of twenty years [2] - CITIC Guoan plans to increase its stake in China Broadcasting Hunan Company to approximately 5.29% through a capital increase of 278 million yuan [2] - Ji Electric announced the resignation of its general manager, Niu Guojun, due to work changes [3] Group 3 - Xintian Green Energy successfully issued 1.5 billion yuan in green medium-term notes with a term of 3+N years and an interest rate of 2.05% [7] - Hengrun Co. plans to invest 1.2 billion yuan in a project to produce 2,000 sets of wind turbine gearbox components [9] - Pulaide received a government subsidy of 10 million yuan, accounting for 15.87% of its audited net profit for the last fiscal year [10] Group 4 - Boteng Co. passed the EU QP audit, receiving a compliance statement for its CDMO services [12] - Zhou Dasheng added 7 self-operated stores in May, with total investments ranging from 900,000 to 6.5 million yuan [13] - Wantai Bio initiated a Phase III clinical trial for its live attenuated varicella vaccine [15] Group 5 - Shanghai Pharmaceuticals received a drug registration certificate for Pregabalin capsules in Thailand [19] - Sanxing Medical's subsidiary is expected to win contracts worth approximately 143 million yuan from State Grid projects [21] - Jiangsu Huachen plans to issue 460 million yuan in convertible bonds [24] Group 6 - Jian Gong Repair won a soil pollution remediation project worth 32.76 million yuan [25] - Dize Pharmaceutical completed patient enrollment for a global Phase III clinical trial of its drug [26] - Del Co. received acceptance for its application to issue shares for asset acquisition and raise matching funds [27] Group 7 - Beijing Kerui won multiple power grid projects with a total value of approximately 154 million yuan [27] - Xie Chuang Data signed financing lease contracts totaling 498 million yuan with Su Yin Financial Leasing [28] - Meige Intelligent submitted an application for H-share listing on the Hong Kong Stock Exchange [29][31] Group 8 - Aikodi plans to repurchase shares worth 100 million to 200 million yuan for employee stock ownership plans [54] - Kong Kong Industrial intends to sell 80% of Tianyuan Construction to its controlling shareholder [55] - Youyou Green Energy proposed a cash dividend of 12 yuan per 10 shares, totaling 50.4 million yuan [55]

本报告依据中国资产评估准则编制 深圳市沃尔核材股份有限公司拟收购股权 涉及的长园电子(集团)有限公司 股东全部权益 资产评估报告 深亿通评报字(2025)第1147号 (共壹册,第壹册) 深圳亿通资产评估房地产土地估价有限公司 二〇二五年六月三日 资产评估业务报告备案回执 | 报告编码: | 4747200011202500164 | | --- | --- | | 合同编号: | 深圳亿通2025-0180 | | 报告类型: | 非法定评估业务资产评估报告 | | 报告文号: | 深亿通评报字(2025)第1147号 | | 报告名称: | 深圳市沃尔核材股份有限公司拟收购股权涉及的长园电子(集团) 有限公司股东全部权益资产评估报告 | | 评估结论: | 1.516.300.000.00元 | | 评估报告日: | 2025年06月03日 | | 评估机构名称: | 深圳亿通资产评估房地产土地估价有限公司 | | 签名人员: | 李月兰 (资产评估师) 正式会员 编号:37070017 | | | 汤坚文 (资产评估师) 正式会员 编号: 47180009 | 李月兰、汤坚文已实名认可 (可扫描二维码查 ...

证券代码：600525 证券简称：ST长园 公告编号：2025052 长园科技集团股份有限公司 关于子公司南京长园出售长园电子 25%股权的公告 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： 公司全资子公司长园（南京）智能电网设备有限公司以人民币3.4亿元对 价向深圳市沃尔核材股份有限公司转让所持长园电子（集团）有限公司25%股权。 本次交易不构成关联交易，不构成重大资产重组。 本次交易经公司第九届董事会第六次会议审议通过，无须提交股东大会 审议。根据《股权转让协议》约定，协议生效需满足经双方权力机关批准等条件， 截至本公告日，交易双方签署的《股权转让协议》已生效。 经公司初步测算，本次股权转让预计产生投资损失约2.64亿元，实际影 响金额以审计结果为准。敬请广大投资者理性投资，注意投资风险。 一、交易概述 长园科技集团股份有限公司（以下简称"公司"）全资子公司长园（南京） 智能电网设备有限公司（以下简称"南京长园"）持有长园电子（集团）有限公 司（以下简称"长园电子"）25%股权，长园电子主要业务为研发和生 ...

本次会议审议通过了《关于子公司南京长园出售长园电子 25%股权的议案》， 同意公司全资子公司长园（南京）智能电网设备有限公司参考评估报告以人民币 3.4 亿元对价向深圳市沃尔核材股份有限公司出售其持有的长园电子（集团）有 限公司（以下简称"长园电子"）25%股权。转让完成后，公司不再持有长园电 子股权。具体详见公司 2025 年 6 月 19 日在上海证券交易所网站（www.sse.com.cn） 披露的《关于子公司南京长园出售长园电子 25%股权的公告》（公告编号： 2025052）。 表决结果：9 票同意，0 票反对，0 票弃权。 特此公告。 证券代码：600525 证券简称：ST长园 公告编号：2025051 长园科技集团股份有限公司 第九届董事会第六次会议决议公告 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。 长园科技集团股份有限公司（以下简称"公司"）第九届董事会第六次会议 于 2025 年 6 月 18 日以通讯方式召开，会议通知于 2025 年 6 月 12 日以电子邮件 发出。会议应参与表决董事 9 人，实际 ...

Core Viewpoint - ST Changyuan announced the transfer of 25% equity in Changyuan Electronics to Wolong Nuclear Materials for a consideration of 340 million yuan, resulting in an estimated investment loss of approximately 264 million yuan [1] Group 1 - The transaction does not constitute a related party transaction or a major asset restructuring [1] - After the completion of the transaction, the company will no longer hold any equity in Changyuan Electronics [1] - Changyuan Electronics primarily engages in the research and production of heat shrink materials and foam materials [1]

Group 1 - The core discussion at the 18th International Solar Photovoltaic and Smart Energy & Storage and Battery Technology and Equipment Conference revolves around addressing the challenges of energy consumption and enhancing competitive advantages through international expansion [1][5] - The photovoltaic industry is transitioning from a focus on components to prioritizing energy consumption, with the main challenge being how to effectively address energy consumption issues [3][4] - The concept of "three-end collaboration" (source-grid-load optimization) is proposed as a key to achieving efficient energy consumption, which includes enhancing grid adaptability, increasing renewable energy friendliness, and optimizing market mechanisms [4][5] Group 2 - The company has increased its efforts in overseas market expansion, focusing on two main product categories: power system automation equipment and integrated projects related to supporting products [7] - Key regions for the company's international expansion include Southeast Asia, Africa, the Middle East, and developed countries in Europe and America, with a particular emphasis on countries involved in the Belt and Road Initiative [7][8] - Challenges faced during international expansion include varying standards across regions, the need for local partnerships, and adapting to low-carbon industry upgrades in areas like the European Union [8]

Core Viewpoint - ST Changyuan has disclosed its response to the Shanghai Stock Exchange's inquiry letter, addressing only two out of five major issues, while deferring responses on significant matters such as non-operating fund occupation by related parties, operating performance, and audit opinions due to the complexity of the issues involved [1][2][3]. Group 1: Financial Performance - In 2024, ST Changyuan reported a revenue of 7.874 billion yuan, a year-on-year decrease of 7.22%, and a net loss attributable to shareholders of 978 million yuan, marking a shift from profit to loss primarily due to a significant decline in the profitability of its main business and large goodwill impairment [2][3]. - The company’s accounts receivable at the end of the reporting period amounted to 3.515 billion yuan, with a provision for bad debts of 570 million yuan, including 233 million yuan for specific accounts [4]. Group 2: Related Party Transactions - The chairman of ST Changyuan, Wu Qiquan, controls Zhuhai Yuntaili Holdings Development Co., Ltd., which has occupied company funds through third parties, with balances of 294 million yuan and 264 million yuan at the end of 2023 and 2024, respectively [2][3]. Group 3: Audit Opinions - Due to the non-operating fund occupation by related parties, the financial report for 2024 received a qualified audit opinion, and the internal control report received a negative opinion [3]. Group 4: Accounts Receivable Financing - The accounts receivable financing balance at the end of 2024 was 492 million yuan, a year-on-year increase of 117.51%, primarily due to accounts receivable notes [4]. - The company reported a prepayment balance of 307 million yuan at the end of 2024, a year-on-year increase of 141.16%, mainly due to new prepayments for materials related to renewable energy projects [4][5].