股票代码：600590 股票简称：泰豪科技 公告编号：临 2025-071 泰豪科技股份有限公司 关于发行股份购买资产暨关联交易事项的进展公告 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任。 一、本次交易的基本情况 泰豪科技股份有限公司（以下简称"公司"）拟通过发行股份的方式向北京 国发航空发动机产业投资基金中心（有限合伙）、中兵国调（厦门）股权投资基 金合伙企业（有限合伙）、中兵投资管理有限责任公司、重庆泰和峰私募股权投 资基金合伙企业（有限合伙）、榆林市煤炭资源转化引导基金合伙企业（有限合 伙）购买其合计持有的江西泰豪军工集团有限公司 27.46%股权（以下简称"本 次交易"）。 2025 年 4 月 3 日，公司召开第九届董事会第三次会议和第九届监事会第三 次会议审议通过了《关于公司发行股份购买资产暨关联交易方案的议案》等与本 次交易相关的议案，并披露本次交易预案相关公告。经向上海证券交易所申请， 公司披露了《关于发行股份事项的一般风险提示暨公司股票复牌的提示性公告》 （公告编号：临 2025-023），公司股票于 20 ...

12月25日，泰豪科技盘中上涨2.08%，截至14:07，报9.34元/股，成交1.63亿元，换手率2.09%，总市值 79.66亿元。 资金流向方面，主力资金净流入237.32万元，特大单买入636.08万元，占比3.90%，卖出242.95万元，占 比1.49%；大单买入2708.95万元，占比16.61%，卖出2864.76万元，占比17.56%。 泰豪科技今年以来股价涨72.32%，近5个交易日涨4.83%，近20日涨6.99%，近60日跌4.30%。 今年以来泰豪科技已经14次登上龙虎榜，最近一次登上龙虎榜为8月20日。 资料显示，泰豪科技股份有限公司位于江西省南昌市高新开发区清华泰豪大楼，成立日期1996年3月20 日，上市日期2002年7月3日，公司主营业务涉及军工装备、智能电力产品的研发、生产、销售与服务。 主营业务收入构成为：应急装备业务66.49%，军工装备业务32.08%，售后服务0.68%，房租及物业管理 类0.66%，材料让售0.09%。 泰豪科技所属申万行业为：国防军工-军工电子Ⅱ-军工电子Ⅲ。所属概念板块包括：燃气轮机、智能电 网、光伏玻璃、电力物联网、核电等。 截至9月30日， ...

Core Viewpoint - Taihao Technology is utilizing its capital reserve and surplus reserve to cover significant accumulated losses, which may have gone unnoticed by the market without this action [2][12]. Group 1: Financial Measures and Regulations - The company plans to use 1.04 billion yuan from surplus reserves and 12.63 billion yuan from capital reserves, totaling 13.67 billion yuan, to offset accumulated losses by December 31, 2024 [2]. - The new Company Law effective from July 1, 2024, allows the use of capital reserves to cover losses, which was previously prohibited, thus facilitating a wave of loss compensation among A-share companies [3][12]. - Over 30 listed companies have disclosed loss compensation plans, with a total amount exceeding 30 billion yuan, indicating a trend in the market [3]. Group 2: Company Performance and Losses - Taihao Technology has reported losses for five consecutive years since 2020, with a significant loss of 9.1 billion yuan at the parent company level in 2024 [4][5]. - The company's consolidated net profit turned negative, dropping to -5.4 billion yuan due to the losses incurred [4]. - The losses in 2024 were attributed to multiple factors, including cyclical adjustments in the military industry and substantial asset impairment [5]. Group 3: Historical Context and Asset Quality - The company's previous profitability was largely supported by non-recurring gains from asset sales, which raises concerns about the sustainability of its earnings [6][10]. - Taihao Technology's goodwill from acquisitions has fluctuated significantly, with a peak of 12.7 billion yuan in 2018, and has since decreased to 3.2 billion yuan by the end of 2024 [7][9]. - The company faces ongoing risks related to accounts receivable, with over 48% of its accounts aging over one year, posing potential impairment risks [9]. Group 4: Strategic Investments and Business Segments - The investment in Guokai Military Industry has provided substantial returns, contributing over 700 million yuan to the company's cash flow [10]. - The emergency equipment business has emerged as a core growth area for the company's strategic transformation [11].

Core Viewpoint - The article discusses the recent financial maneuver by Taihao Technology to use its capital reserves to offset significant accumulated losses, highlighting a broader trend in the A-share market driven by new regulatory changes that allow such practices to restore financing qualifications and dividend eligibility [3][4][16]. Group 1: Financial Maneuver and Regulatory Changes - Taihao Technology plans to use 1.04 billion yuan from its surplus reserves and 12.63 billion yuan from its capital reserves, totaling 13.67 billion yuan, to cover accumulated losses as of December 31, 2024 [3][4]. - The new Company Law effective from July 1, 2024, permits the use of capital reserves to offset losses, breaking the previous prohibition [3][17]. - Over 30 listed companies have announced similar capital reserve offset plans, with a total amount exceeding 30 billion yuan, indicating a surge in such activities in the A-share market [4][17]. Group 2: Financial Performance and Historical Context - Taihao Technology has reported losses for five consecutive years since 2020, with a significant loss of 910 million yuan in 2024, leading to a negative retained earnings balance of 540 million yuan [6][7][9]. - The company's profitability has been heavily reliant on non-recurring gains from asset sales, with core operating profits showing a cumulative net loss of 2.624 billion yuan from 2019 to 2024 [9][8]. - The company’s financial struggles are linked to its aggressive acquisition strategy, which resulted in substantial goodwill that has since been impaired, reflecting a decline in asset quality [11][12][13]. Group 3: Implications for Future Operations - The capital reserve offset is seen as a "paper improvement" that does not provide real benefits to shareholder equity but is aimed at meeting regulatory requirements for future dividends and financing [16][17]. - The company has faced tightening financing conditions, with cash outflows from financing activities since 2023, indicating a need for improved financial metrics to regain investor confidence [17][16]. - Despite the challenges, Taihao Technology's emergency equipment business has shown strong performance, becoming a key growth area amid the company's strategic transformation [14].

Core Viewpoint - Taihao Technology (600590.SH) is utilizing its capital reserve and surplus reserve to cover significant accumulated losses, which may have gone unnoticed by the market without this action [2][13]. Group 1: Financial Measures and Regulations - The company plans to use 1.04 billion yuan from surplus reserves and 12.63 billion yuan from capital reserves, totaling 13.67 billion yuan, to offset accumulated losses by December 31, 2024 [2]. - The new Company Law effective from July 1, 2024, allows the use of capital reserves to cover losses, breaking the previous prohibition [2][12]. - Over 30 listed companies have disclosed plans to use reserve funds to cover losses, with a total exceeding 30 billion yuan, indicating a trend in the A-share market [2][12]. Group 2: Financial Performance and Historical Context - Taihao Technology has reported losses for five consecutive years since 2020, with a significant loss of 910 million yuan at the parent company level in 2024 [4]. - The company's net profit before 2024 was maintained due to profits from subsidiaries, but the 2024 losses were exacerbated by industry adjustments and asset impairments [4][7]. - The company’s cumulative net profit from 2019 to 2024, excluding non-recurring gains, was -2.624 billion yuan, indicating ongoing operational challenges [7]. Group 3: Impact of Mergers and Acquisitions - The company's past mergers and acquisitions have led to significant goodwill impairments, with a peak goodwill of 1.27 billion yuan in 2018, which has since decreased to 320 million yuan by the end of 2024 [8][10]. - Notable impairments include a 161 million yuan write-down in 2020 and a 327 million yuan write-down in 2021 related to the acquisition of Shanghai Boyuan [9]. - The company’s asset quality remains under pressure, with a significant portion of accounts receivable at risk of impairment [10]. Group 4: Strategic Business Developments - The emergency equipment business has become a core growth area for the company, contributing positively to its strategic transformation [11]. - The investment in Guokai Military Industry has provided substantial returns, contributing over 700 million yuan to the company’s cash flow [10].

Core Viewpoint - Taihao Technology (600590.SH) plans to use its reserve funds to cover losses, aiming to eliminate its accumulated undistributed profit deficit by utilizing a total of 136,675.79 million yuan from its surplus reserve and capital reserve [1] Group 1 - The company intends to utilize 10,405.08 million yuan from its surplus reserve and 126,270.71 million yuan from its capital reserve [1] - This action is aimed at addressing the cumulative undistributed profit loss as of December 31, 2024 [1] - After this adjustment, the company's undistributed profit deficit will be reduced to zero [1]

美利信：拟定增募资不超12亿元 12月5日，美利信(301307)发布公告称，公司拟募资不超12亿元（含），用于半导体装备精密结构件建设项目、通信及汽车零部件可钎焊压铸产业化项目以 及补充流动资金。 欧林生物：补缴企业所得税税款420.01万元 12月5日，欧林生物(688319)发布公告称，公司近期配合主管税务机关的工作对公司涉税事项进行了自查。经自查，公司预补缴企业所得税税款共计420.01万 元。目前公司已完成缴纳，主管税务机关未对该事项给予处罚。相关事项尚在沟通与处理过程中，最终金额需税务机关进一步认定。 海森药业：董事及高管拟合计减持不超过12.43万股公司股份 12月5日，海森药业(001367)发布公告称，董事代亚、副总经理张胜权、楼岩军、财务总监潘爱娟、董事会秘书胡康康计划合计减持公司股份不超12.43万 股，占公司总股本的0.0816%。 艾布鲁：拟向实控人等出售控股子公司金鹊农业股权 12月5日，艾布鲁(301259)发布公告称，公司拟将持有的控股子公司金鹊农业47.4%股权转让给钟儒波，将金鹊农业31.6%股权转让给游建军，转让价款合计 1239.14万元。交易完成后，公司将不再持有金鹊 ...

Group 1 - The company announced the resignation of Vice President Zhu Yuhua due to personal reasons, effective immediately upon delivery of the resignation to the board [2][3] - Zhu Yuhua will not hold any position in the company or its subsidiaries after his resignation, and his departure will not affect the company's normal operations [3] - Zhu Yuhua directly held 318,500 shares of the company at the time of his resignation, and his shares will be managed according to legal and regulatory requirements [5] Group 2 - The company plans to use its surplus reserves and capital reserves to cover accumulated losses amounting to approximately 1.37 billion yuan as of December 31, 2024 [9][10] - The company held a shareholders' meeting on December 4, 2025, where it approved the proposal to use surplus reserves to cover losses, with no dissenting votes recorded [14][16] - The meeting was conducted in compliance with legal and regulatory requirements, and the voting process was deemed valid by the witnessing lawyers [17]

Group 1 - The company announced the resignation of Mr. Zhu Yuhua from the position of Vice President due to personal reasons, and he will not hold any positions in the company or its subsidiaries after his resignation [1] - As of the first half of 2025, the revenue composition of the company is as follows: Emergency equipment business accounts for 66.49%, Equipment information business accounts for 32.08%, After-sales service accounts for 0.68%, Rental and property management accounts for 0.66%, and Material sales account for 0.09% [1] - The current market capitalization of the company is 7.6 billion yuan [2]

Core Viewpoint - Zhu Yuhua has resigned from the position of Vice President of Taihao Technology due to personal reasons, and will no longer hold any position within the company or its subsidiaries after his resignation [1] Company Summary - Zhu Yuhua directly held 318,500 shares of the company prior to his resignation [1] - Following his resignation, the management of his shares will comply with legal regulations, normative documents, and relevant commitments [1]