长江商报消息停牌五个交易日后，中国高科（600730.SH）的易主方案出炉。 本次交易总价款为12亿元，折价率约为35.75%。 在市场人士看来，中国高科本次易主，是在卖壳给长江半导体。 长江商报记者注意到，中国高科主营教育及物业租赁业务，2016年以来，公司年度营业收入均不到3亿 元，且盈亏交替上演，存在退市风险。不过，公司资金充足，过半资产是现金，是个干净的壳资源。 二级市场上，2025年初至12月12日（筹划本次易主停牌前一个交易日），中国高科的股价从6.05元/股 涨至15.91元/股，累计上涨162.98%。 而本次接盘的长江半导体成立于2025年11月24日，似乎是为接盘而来。 如果本次交易顺利完成，长江半导体将向中国高科注入哪些资产？市场高度关注。 易主方案如期出炉 中国高科的易主方案如期浮出水面。 回溯公告，12月12日晚，中国高科宣布停牌，原因是公司直接控股股东方正国际教育的控股股东新方正 集团拟通过转让其所持有的方正国际教育股权的方式，间接转让其间接持有的公司股份约1.17亿股，占 公司总股本的20.03%。若转让完成，将导致公司控制权发生变更。 同日晚间，中国高科发布股票交易异常波动公告 ...

证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交8160.48万元，其中，买入成交额为 3602.29万元，卖出成交额为4558.18万元，合计净卖出955.89万元。 具体来看，今日上榜营业部中，第一大买入营业部为国泰海通证券股份有限公司北京知春路证券营业 部，买入金额为1243.77万元，第一大卖出营业部为华福证券有限责任公司上海银城路证券营业部，卖 出金额为1132.14万元。 资金流向方面，今日该股主力资金净流出8731.59万元，其中，特大单净流出8867.12万元，大单资金净 流入135.53万元。近5日主力资金净流出8731.59万元。 中国高科(600730)今日跌停，全天换手率2.63%，成交额2.26亿元，振幅4.75%。龙虎榜数据显示，营业 部席位合计净卖出955.89万元。 上交所公开信息显示，当日该股因日跌幅偏离值达-10.68%上榜，营业部席位合计净卖出955.89万元。 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 国泰海通证券股份有限公司北京知春 ...

从资金流向上来看，当日教育板块主力资金净流出2.64亿元，游资资金净流入1.25亿元，散户资金净流 入1.39亿元。教育板块个股资金流向见下表： 证券之星消息，12月22日教育板块较上一交易日下跌1.63%，中国高科领跌。当日上证指数报收于 3917.36，上涨0.69%。深证成指报收于13332.73，上涨1.47%。教育板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

中国经济网北京12月22日讯 中国高科（600730.SH）今日跌停，截至发稿时报14.32元，跌幅 9.99%。停牌前一个交易日即12月12日，中国高科涨停，收报15.91元，涨幅10.03%。 中国高科20日发布关于筹划控制权变更事项进展暨复牌公告。公司分别于2025年12月15日、2025 年12月17日开市起停牌，经公司向上海证券交易所申请，公司股票将于2025年12月22日（星期一）开 市起复牌。 中国高科同日发布关于间接控股股东签署股权转让协议暨实际控制人拟发生变更的提示性公告。方 正国际教育咨询有限责任公司（简称"方正国际教育"）是中国高科集团股份有限公司（简称"公司"）的 直接控股股东，持有公司无限售流通股117,482,984股，占公司总股本的20.03%。新方正控股发展有限 责任公司（简称"新方正集团"）持有方正国际教育100%股权，为公司的间接控股股东。 本次控制权拟变更后，长江半导体直接持有方正国际教育100%股权，方正国际教育直接持有上市 公司117,482,984股股份，占上市公司总股本的20.03%。长江半导体将成为上市公司的间接控股股东， 上市公司的实际控制人将变更为东阳国资办 ...

Group 1 - Zhongtian Jingzhuang announced that its partner Changjiang Semiconductor intends to acquire 100% equity of Zhengzhong International Education, thereby indirectly gaining control of China High-Tech [1] - Changjiang Semiconductor plans to introduce semiconductor packaging business to China High-Tech, focusing on HBM packaging and customized packaging products, with specifics to be determined by future developments [1] Group 2 - Jinshi Resources announced a plan to purchase 15.7147% equity of Nuoya Fluorochemical for 257 million yuan, making it the second-largest shareholder of Nuoya Fluorochemical [2] - This transaction is a strategic investment leveraging upstream resource advantages to target quality entities in the downstream fine chemical sector [2] Group 3 - Guanshang Technology plans to acquire at least 60% equity of Liao Jing Electronics through a share issuance, while also raising matching funds; the transaction remains uncertain [3] - The company's stock will be suspended from trading starting December 22 [3] Group 4 - Delin Hai's vice chairman Ma Jianhua intends to reduce his shareholding by up to 196,000 shares, representing no more than 0.1735% of the total share capital [4] - This reduction will not exceed 25% of his total shareholding prior to the sale [4] Group 5 - Mercury Home Textiles announced that shareholders Li Lijun and Li Yujian plan to collectively reduce their holdings by no more than 1.72% of the total shares [5] - Li Lijun plans to reduce up to 1.52 million shares (0.5791% of total shares), while Li Yujian plans to reduce up to 3 million shares (1.1429% of total shares) [5] Group 6 - Kairuide announced that its major shareholder Hubei Nonggu Group plans to reduce its holdings by up to 3% of the total shares, totaling 11.03 million shares [6] - The reduction will occur through both centralized bidding and block trading methods [6] Group 7 - Victory Energy reported significant stock price volatility, with a cumulative increase of 77.22% over six consecutive trading days, indicating a high risk of rapid decline [7] - The stock price has significantly deviated from the company's fundamentals, suggesting potential for a sharp downturn [7] Group 8 - Wantong Development announced that its controlling shareholder Jia Hua Holdings has had 364 million shares frozen, representing 100% of its holdings and 19.28% of the company's total shares [8] - The controlling shareholder has faced overdue debts totaling 1.301 billion yuan, with ongoing negotiations to resolve contractual disputes [8]

Core Viewpoint - Zhongtian Jingzhuang (002989) announced that its invested enterprise, Changjiang Semiconductor, plans to acquire 100% equity of Zheng International Education, thereby indirectly gaining control of China High-Tech (600730) [1] Group 1: Investment Details - The completion of this investment will result in Changjiang Semiconductor becoming the indirect controlling shareholder of China High-Tech, with actual control shared among several parties including the Dongyang Municipal Government and individuals [1] - Zhongtian Jingzhuang's wholly-owned subsidiary, Zhongtian Jingyi, has subscribed to a 17.38% partnership share in Zhongjing Xinjie, investing in multiple semiconductor industry chain enterprises [1] Group 2: Strategic Focus - Following the transaction, Changjiang Semiconductor intends to introduce semiconductor packaging business to China High-Tech, focusing on HBM packaging and customized packaging products [1] - Zhongtian Jingzhuang has indicated a deepening investment strategy in the semiconductor industry chain and will continue to monitor the progress of its external investments, aiming for synergistic development of its invested enterprises [1]

Core Viewpoint - Shenzhen Zhongtian Jingzhuang Co., Ltd. announced its indirect participation in the acquisition of 100% equity of Founder International Education Consulting Co., Ltd. for 1.2 billion yuan by Hubei Changjiang Shiyu Chip Semiconductor Co., Ltd., which will lead to indirect control of China High-Tech Group Co., Ltd. [1][2] Group 1: Transaction Overview - The acquisition involves a total payment of 1.2 billion yuan, with the payment structured in four phases: 600 million yuan within 7 working days of the agreement, 240 million yuan within 30 working days, 240 million yuan after the equity transfer, and 120 million yuan after the announcement of the new board of directors [2] - Founder International Education holds a 20.03% stake in China High-Tech, making it the largest shareholder, thus enabling Changjiang Semiconductor to gain control over China High-Tech post-transaction [2] Group 2: Financial Data of China High-Tech - As of the audited fiscal year 2024, China High-Tech reported total assets of 2.076 billion yuan, equity attributable to shareholders of 1.811 billion yuan, revenue of 151 million yuan, and a net profit of 48.91 million yuan [3] - For the first three quarters of 2025, the company reported total assets of 2.030 billion yuan, equity of 1.792 billion yuan, revenue of 62.97 million yuan, and a net loss of 13.76 million yuan [3] Group 3: Funding Sources and Business Plans - Changjiang Semiconductor plans to fund the acquisition through its own and self-raised funds, potentially including bank loans [4] - Post-acquisition, Changjiang Semiconductor intends to introduce semiconductor packaging business to China High-Tech, focusing on HBM packaging and customized packaging products [4] Group 4: Changes in Related Relationships - The announcement disclosed that Zhongtian Jingzhuang's investment in Dongyang Zhongjing Chip Management Partnership has undergone significant adjustments, including increasing its stake in Chip (Dongyang) Semiconductor Co., Ltd. to 100% [5] - The decision-making rules of the partnership agreement were revised, but these changes will not affect Zhongtian Jingzhuang's rights or the scope of consolidated financial statements [5]

Core Viewpoint - The company Zhongtian Jingzhuang announced its plan to acquire 100% equity of Fangzheng International Education for 1.2 billion yuan, indirectly gaining control of China High-Tech, pending approval from state-owned assets departments and business registration [1] Group 1: Financial Performance - In 2024, China High-Tech is projected to have a revenue of 151 million yuan and a net profit of 48.91 million yuan [1] - For the first three quarters of 2025, China High-Tech reported a revenue of 62.97 million yuan and a net loss of 13.76 million yuan [1] Group 2: Investment Details - Zhongjing Xinjie increased its stake in Xinjie Semiconductor to 100% and revised the partnership agreement [1] - The investment will not affect the company's consolidated financial statements or short-term performance, but there is uncertainty regarding its implementation [1]

财务顾问核查意见 财务顾问 北京博星证券投资顾问有限公司 关于中国高科集团股份有限公司 详式权益变动报告书 之 第一节 释义 | 上市公司、中国高科 | 指 | 中国高科集团股份有限公司 | | --- | --- | --- | | 《详式权益变动报告书》 | 指 | 《中国高科集团股份有限公司详式权益变动报告书》 | | | 指 | 《北京博星证券投资顾问有限公司关于中国高科集团 股份有限公司详式权益变动报告书之财务顾问核查意 | | 本核查意见 | | | | | | 见》 | | 本财务顾问 | 指 | 北京博星证券投资顾问有限公司 | | 信息披露义务人、长江半 | 指 | 湖北长江世禹芯玑半导体有限公司 | | 导体、受让方 | | | | 转让方、新方正 | 指 | 新方正控股发展有限责任公司 | | 方正国际教育、标的公司 | 指 | 方正国际教育咨询有限责任公司 | | 标的股权 | 指 | 方正国际教育咨询有限责任公司 100%股权 | | 本次权益变动 | 指 | 新方正拟向长江半导体转让其所持有的方正国际教育 100%的股权，间接实现对中国高科无限售流通股 20.03%）的 | | | ...

Group 1 - Two A-share companies, Dongfang Zhizao and China Gaoke, are set to welcome state-owned capital involvement, with their stocks resuming trading on December 22, 2025 [1][2] - Dongfang Zhizao's controlling shareholder, Kexiang High-tech Development Co., Ltd., and actual controller Li Bin signed a conditional share transfer agreement with Guangxi Modern Logistics Group Co., Ltd. and its wholly-owned subsidiary, Guangxi Guiwu Logistics Technology Co., Ltd. The agreement involves the acquisition of 183 million shares, representing 14.33% of the total share capital [1][2] - Following the completion of the equity change, the controlling shareholder of Dongfang Zhizao will change from Kexiang High-tech to Modern Logistics, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region [2] Group 2 - China Gaoke announced that its indirect controlling shareholder, New Fangzheng Holdings Development Co., Ltd., signed a share transfer agreement with Hubei Changjiang Shiyu Chip Semiconductor Co., Ltd. This agreement involves the transfer of 100% equity in Fangzheng International Education Consulting Co., Ltd., which directly holds approximately 117 million shares, accounting for 20.03% of the total share capital [4] - Upon completion of this equity transfer, the indirect controlling shareholder of China Gaoke will change to Changjiang Semiconductor, and the actual controllers will include the State-owned Assets Supervision and Administration Office of Dongyang City Government and several individuals [4]