Core Viewpoint - The company Zhongyida (600610) has terminated its plan for a private placement of A-shares aimed at supplementing cash flow, citing changes in the capital market and related policies as reasons for the decision [1][3]. Group 1: Fundraising Plan - The private placement plan had been in progress for over a year, with the company initially planning to issue shares at a price of 3.07 yuan per share to raise up to 210 million yuan [1]. - The funds were intended to alleviate debt pressure, reduce the debt-to-asset ratio, optimize the capital structure, lower financial expenses, and enhance future financing capabilities [1]. Group 2: Financial Situation - The company reported a funding gap of 794 million yuan as of December 31, 2024, based on an analysis of its cash reserves and operational needs [2]. - Compared to industry peers, Zhongyida's cash reserves only cover operational costs for an average of 0.78 months, significantly lower than the industry average of 2.85 months [2]. Group 3: Operational Impact - In its announcement to terminate the private placement, the company stated that all production and operational activities are proceeding normally and that the decision will not adversely affect business operations or harm the interests of shareholders [3].

Group 1 - Semiconductor Manufacturing International Corporation (SMIC) plans to acquire 47% equity in SMIC North, with due diligence and evaluation processes still ongoing [1][2] - Zhuhai Gree Supply Chain intends to convert a debt of 200 million yuan into equity to increase capital for Shenzhen Haoneng Technology, changing its status from a wholly-owned subsidiary to a controlling subsidiary [3] - China Huadian Corporation is set to invest 12.043 billion yuan in a combined heat and power generation project integrated with renewable energy in Heilongjiang [4] Group 2 - Yong'an Pharmaceutical announces that some directors and senior management plan to reduce their holdings by up to 0.0799% of the total shares [5] - Lihua Co. reports a 11.44% year-on-year increase in chicken sales revenue for October, totaling 1.461 billion yuan [6] - Degu Technology intends to terminate the acquisition of 100% equity in Haowei Technology due to difficulties in meeting the demands of all parties involved [7] Group 3 - Guocheng Mining plans to pay 3.168 billion yuan in cash to acquire 60% equity in Guocheng Industrial [8] - Yingtang Intelligent Control intends to acquire 100% equity in Guanglong Integration and 80% equity in Aojian Microelectronics, with stock resuming trading on November 10 [9] - Shanshan Holdings announces that its actual controller and major shareholder have divorced, resulting in a change in control [10] Group 4 - Nutaige plans to invest 100 million yuan to establish a wholly-owned subsidiary focused on robotics and related components [11] - Chengxing Co. reports that its Jiangyin factory is currently under temporary shutdown for rectification due to a raw material leak [12] - Xindong Holdings announces that its shareholder Hainan Zhuhua plans to reduce its stake by up to 3% [13] Group 5 - Yonghui Supermarket's vice president has completed a share reduction of 0.0012% [14] - Xi'an Tourism plans to issue A-shares to raise no more than 300 million yuan for working capital and bank loan repayment [15] - Xiaogoods City has successfully acquired land use rights for a commercial site in Yiwu for 3.223 billion yuan [16][17] Group 6 - Tongda Chuangzhi announces a cash dividend of 6 yuan per 10 shares for the 2025 interim period [18] - Shen Nan Electric A received a government subsidy of 8.0518 million yuan, accounting for 36.75% of its last fiscal year's net profit [19] - Founder Technology's subsidiary plans to invest 1.364 billion yuan in an AI expansion project in Chongqing [20] Group 7 - Hezhong China reports significant stock trading fluctuations, indicating a "hot potato" effect [21] - Hengrui Medicine's subsidiary has received approval for clinical trials of SHR-4610 injection for late-stage solid tumors [22] - Sihua Holdings announces the termination of a restructuring investment agreement and continues to seek potential investors [23] Group 8 - Yingwei Technology's subsidiary has won a 27.78% share of a project from China Mobile [24] - Dabeinong reports a 45.20% year-on-year increase in pig sales for October, totaling 5.79 billion yuan [25] - Meihua Biotech's major shareholder has been sentenced for market manipulation, but it does not affect the company's operations [26] Group 9 - Zhongyi Da plans to terminate the issuance of A-shares to specific investors [27] - Zhongji Oil and Gas has received a notice of investigation from the China Securities Regulatory Commission regarding trading violations [28] - China International Trade Corporation announces the resignation of its chairman due to work reasons [29] Group 10 - GAC Group reports a decline in October vehicle sales by 8.10% [30] - Dameng Data has invested 100 million yuan to establish an investment fund focused on the database industry [31] - Zhengbang Technology reports a 78.08% year-on-year increase in pig sales revenue for the first ten months [32] Group 11 - Shanghai Xiba has announced that its directors are under investigation for suspected short-term trading [33] - Changgao Electric New has won a bid for a project from the State Grid worth 246 million yuan [34] - Jianghuai Automobile reports a 5.49% increase in October sales [35] Group 12 - Xintian Green Energy reports a 20.97% year-on-year decrease in power generation for October [36] - Luokang Pharmaceutical's products have been selected in the national centralized procurement [37] - Zhongyuan Home intends to invest 16 million USD in a self-built production base in Vietnam [38] Group 13 - Changcheng Technology has terminated plans for a control change and will resume trading on November 10 [39] - Poly Development reports a significant decrease in signed sales area and amount for October [40] - Wanhua Chemical's MDI phase II facility will undergo maintenance starting November 15 [41]

Group 1 - The stock of Zhongyida (600610) reached the daily limit, with a turnover rate of 17.00% and a transaction amount of 1.458 billion yuan, showing a fluctuation of 10.51% [1] - The stock was listed on the Shanghai Stock Exchange's watchlist due to a price deviation of 10.27%, with net purchases from the Shanghai-Hong Kong Stock Connect amounting to 59.67 million yuan [2][3] - The top five trading departments contributed a total transaction volume of 369 million yuan, with net purchases of 250 million yuan [2] Group 2 - Over the past six months, the stock has appeared on the watchlist 11 times, with an average price drop of 0.29% the day after being listed and an average increase of 2.18% in the following five days [4] - The stock saw a net inflow of 668 million yuan today, with large orders contributing a net inflow of 698 million yuan [4] - The latest margin trading data shows a total margin balance of 17.2 million yuan, with a financing balance of 17.1 million yuan and a securities lending balance of 498,600 yuan [4] Group 3 - For the first three quarters, the company reported a total revenue of 762 million yuan, a year-on-year decrease of 6.07%, while net profit reached 45.11 million yuan, a year-on-year increase of 399.07% [4]

在审核中，上交所围绕中毅达的定增计划从发行方案、发行的合法合规性、公司经营情况、公司资产情 况、公司财务性投资等五方面提出全面问询。具体提问包括：分析说明本次募集资金的必要性及融资规 模的合理性；公司主要产品超过产能生产是否符合环保、安全生产等相关法律法规的要求；公司营业收 入与净利润是否存在进一步下滑风险等。 按照原计划，中毅达拟将所募资金用于补充流动资金和偿还借款。"缓解公司偿债压力，降低资产负债 率，优化公司资本结构，降低公司财务费用支出，提高公司未来融资能力和抗风险能力，提升公司的资 产质量，促进公司的持续、稳定、健康发展。"中毅达曾这样预期。 这次定增迟迟无法推进或与监管要求有关，在去年8月披露定增预案后，至今年2月方案才获得上交所受 理，在今年6月中毅达首次回复监管问询后，本次定增审核便再无进展。 筹划时间超过一年，中毅达（600610）定增补充现金流计划以失败告终，公司此前在回复交易所问询时 曾透露，目前公司的资金缺口达7.94亿元。 11月7日晚间，中毅达公告终止向特定对象发行A股股票事项。中毅达对此解释称，自公司实施本次向 特定对象发行A股股票事项以来，公司董事会、管理层及中介机构一直积极推 ...

Group 1 - The core point of the article is that Zhongyida (SH 600610) held its 14th meeting of the 9th Board of Directors on November 7, 2025, to review the proposal for adjusting the 2025 investment plan [1] - For the year 2024, Zhongyida's revenue composition is as follows: 60.79% from the polyol industry, 31.26% from edible alcohol and related by-products, 6.44% from other industries, and 1.51% from other businesses [1] - As of the report date, Zhongyida's market capitalization is 13.2 billion yuan [1]

贵州中毅达股份有限公司 Guizhou Zhongyida Co.,LTD. 对外投资管理制度 对外投资管理制度 1 第二章 对外投资的审批权限 第四条 公司对外投资实行专业管理和逐级审批制度。 第五条 公司对外投资的审批应严格按照国家相关法律、法规和本 贵州中毅达股份有限公司 Guizhou Zhongyida Co.,LTD. 对外投资管理制度 贵州中毅达股份有限公司 对外投资管理制度 （2025 年 11 月） 第一章 总则 第一条 为规范贵州中毅达股份有限公司（以下简称"本公司"或 "公司"）的对外投资行为，提高投资效益，规避投资所带来的风险， 有效、合理的使用资金，使资金的时间价值最大化，依照《中华人民共 和国公司法》（以下简称《公司法》）《中华人民共和国证券法》《上 海证券交易所股票上市规则》（以下简称《上市规则》）等法律法规、 规范及《贵州中毅达股份有限公司章程》（以下简称《公司章程》）的有 关规定，制定《贵州中毅达股份有限公司对外投资管理制度》（以下简 称"本制度"）。 第二条 本制度所称的对外投资是指公司为获取未来收益而将一定 数量的货币资金、股权、以及经评估后的实物或无形资产作价出资，对 ...

贵州中毅达股份有限公司 GuizhouZhongyida CO., LTD. 募集资金管理制度 募集资金管理制度 1 贵州中毅达股份有限公司 GuizhouZhongyida CO., LTD. 募集资金管理制度 贵州中毅达股份有限公司 募集资金管理制度 （2025 年 11 月） 第一章 总则 第一条 为了规范贵州中毅达股份有限公司（以下简称"公司") 募集资金的使用与管理，提高募集资金使用效益，保护投资者的合 法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司募集资金监管规则》《首次公开发行股票注册管理办法》 《上市公司证券发行注册管理办法》《上海证券交易所股票上市规 则》等法律、法规及规范性文件及《贵州中毅达股份有限公司章程》 （以下简称《公司章程》）的有关规定，结合公司实际情况，制定 本制度。 第二条 本制度所称募集资金系指公司通过公开发行证券（包括 首次公开发行股票、配股、增发、发行可转换公司债券、发行分离 交易的可转换公司债券等）以及非公开发行证券向投资者募集的资 金，但不包括公司实施股权激励计划募集的资金。 第三条 本制度是公司对募集资金使用和管理的基本行为准则。 如募集资 ...

贵州中毅达股份有限公司 Guizhou Zhongyida CO., LTD. 战略委员会议事规则 战略委员会议事规则 1 贵州中毅达股份有限公司 Guizhou Zhongyida CO., LTD. 战略委员会议事规则 贵州中毅达股份有限公司 战略委员会议事规则 （2025 年 11 月） 为适应贵州中毅达股份有限公司（以下简称"公司"）战 略发展需要，增强公司核心竞争力，确定公司发展规划，加强决策科 学性和决策的质量，完善公司治理结构，根据《中华人民共和国公司 法》《上市公司治理准则》《上市公司独立董事管理办法》《贵州中 毅达股份有限公司章程》（以下简称《公司章程》）及其他有关规定，公司 设立董事会战略委员会（以下简称"本委员会"），并制定本议事规 则。 本委员会为董事会下设委员会，对董事会负责，向董事 会报告。主要负责对公司长期发展战略和重大投资决策进行研究并提 出建议。 本委员会由三名董事组成，董事长为委员之一。 本委员会设主席一名，由公司董事长担任。 委员经公司提名委员会提名，由公司董事会选举产生。 本委员会任期与董事会任期一致，委员任期届满，可以 连选连任。期间如有委员不再担任公司董事或独立董事 ...

贵州中毅达股份有限公司 Guizhou Zhongyida CO., LTD. 薪酬与考核委员会议事规则 薪酬与考核委员会议事规则 1 贵州中毅达股份有限公司 Guizhou Zhongyida CO., LTD. 薪酬与考核委员会议事规则 贵州中毅达股份有限公司 薪酬与考核委员会议事规则 （2025 年 11 月） 为规范贵州中毅达股份有限公司(以下简称"公司")董事 会决策机制，完善公司治理结构，根据《中华人民共和国公司法》《上 市公司治理准则》《上市公司独立董事管理办法》《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第1号——规范 运作》《贵州中毅达股份有限公司章程》（以下简称《公司章程》）及 其他有关规定，公司设立董事会薪酬与考核委员会（以下简称"本委员 会"），并制定本议事规则。 本委员会为董事会下设委员会，对董事会负责，向董事会 报告。 本委员会由三名董事组成，其中独立董事应当过半数。 本委员会设主席一名，由独立董事委员担任，负责主持委 员会工作。 主席和委员经公司提名委员会提名，由公司董事会选举产 生。 本委员会任期与董事会任期一致，委员任期届满，可以连 选连任。期间如有委 ...

贵州中毅达股份有限公司 对外担保管理办法 （2025 年 11 月） 第一章 总则 贵州中毅达股份有限公司 Guizhou Zhongyida CO.,LTD. 对外担保管理办法 对外担保管理办法 1 贵州中毅达股份有限公司 Guizhou Zhongyida CO.,LTD. 对外担保管理办法 第一条 为维护贵州中毅达股份有限公司（以下简称"公司"） 及投资者的合法权益，规范公司的对外担保行为，保障公司资产安全， 控制公司经营风险，根据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司监管指引第 8 号——上市公司资金往来、对外 担保的监管要求》《上海证券交易所股票上市规则》（以下简称《上 市规则》）等有关法律、法规、规范性文件及《贵州中毅达股份有限 公司章程》（以下简称《公司章程》）的有关规定，制定本管理办法。 第二条 本管理办法所述的"对外担保"系指公司以第三人的身 份为债务人对于债权人所负的债务提供担保，当债务人不履行债务时， 由公司按照约定承担担保责任的行为。担保形式包括保证、抵押及质 押。 对外担保包括公司为控股子公司提供的担保。 第三条 公司股东会和董事会是对外担保的决策机构，公司一切 ...