Group 1 - The core viewpoint of the article is that Mingyang Smart Energy is planning to acquire control of Dehua Company through a combination of issuing shares and cash payments, which constitutes a related party transaction [1][2] - Mingyang Smart Energy's stock price had already reached the daily limit before the announcement, indicating strong market interest [2] - The acquisition is still in the planning stage, and the valuation of Dehua Company has not been finalized, with details on the transaction amount and the ratio of shares to cash yet to be determined [1][2] Group 2 - Dehua Company, established in 2015, specializes in high-end compound semiconductor epitaxial wafers and chips, focusing on space solar cells and semiconductor optoelectronic devices [1] - The company has received international aerospace AS9100D quality system certification and was selected as a national-level specialized and innovative "little giant" enterprise in 2023 [1] - Mingyang Smart Energy's stock has increased by over 35% in the first six trading days of the year [2]

新京报贝壳财经讯1月12日，明阳智能（601615）发布公告称，公司于2026年1月12日收到控股股东能投 集团的通知，拟通过发行股份及支付现金的方式收购中山德华芯片技术有限公司(简称"德华公司")控制 权，并募集配套资金。该交易构成关联交易，目前尚处于筹划阶段，预计不构成重大资产重组。为保证 公平信息披露，维护投资者利益，公司股票自2026年1月13日起停牌，预计停牌时间不超过10个交易 日。 ...

1月12日晚，风电龙头明阳智能发布公告称，公司于当天收到控股股东能投集团出具的《关于筹划重大 事项的通知》，拟由公司通过发行股份及支付现金的方式收购德华公司的控制权，并募集配套资金。本 次交易尚处于筹划阶段。 证券代码:601615 证券简称:明阳智能 公告编号:2026-004 明阳智慧能源集团股份公司 官宣关联交易前，风电龙头明阳智能股价已涨停，今日起停牌。 一、停牌事由和工作安排 明阴智慧能源集团股份公司(以下简称"公司")于2026年1月12日收到公 司控股股东明阳新能源投资控股集团有限公司(以下简称"能投集团")出具的《关 于筹划重大事项的通知》,拟由公司通过发行股份及支付现金的方式收购中山德华 芯片技术有限公司(以下简称"德华公司"、"标的公司")的控制权,并募集配套 资金(以下简称"本次交易")。本次交易尚处于筹划阶段。 德华公司的控股股东为广东明阳瑞德创业投资有限公司(以下简称"瑞德创 业"),为公司董事张超全资持有,同时张超为公司实际控制人的近亲属,本次交 易构成关联交易。 截至本公告披露日,标的公司的估值尚未最终确定。目前标的公司审计评估、 关于筹划发行股份及支付现金购买资产并募集配套 资 ...

Core Viewpoint - Mingyang Smart Energy plans to acquire control of Zhongshan Dehua Chip Technology Co., Ltd. through a share issuance and cash payment, indicating a strategic move to enter the aerospace sector and potentially boost its market value [1][2]. Company Overview - Mingyang Smart Energy is a leading wind power equipment manufacturer in China, with a significant market share in offshore wind power, expected to account for approximately 15% of global offshore wind installations in 2024 [10]. - The company reported a revenue of 26.304 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 29.98%, and a net profit attributable to shareholders of 766 million yuan [10]. Acquisition Details - The acquisition of Dehua Chip is still in the planning stage, with the controlling shareholder being Guangdong Mingyang Ruide Venture Capital Co., Ltd., which is wholly owned by Zhang Chao, a board member of Mingyang Smart Energy [1][2]. - The valuation of Dehua Chip has not yet been finalized, and the specifics regarding the transaction amount and the ratio of shares to be issued are still under discussion [10]. Dehua Chip Overview - Dehua Chip, established in August 2015 with a registered capital of 94 million yuan, specializes in the research and manufacturing of semiconductor epitaxial wafers and chips, primarily for applications in space solar cells [4][6]. - The company has supplied over 300,000 epitaxial materials and more than 100,000 chips, with its flexible space solar cells achieving a conversion efficiency of over 36%, positioning it as a leader in the domestic market [5][6]. Market Context - The space photovoltaic market is gaining traction, particularly following Elon Musk's announcement of plans to deploy 100 GW of solar AI satellites annually, which is expected to drive significant growth in this sector [5]. - Dehua Chip is recognized as a key player in the aerospace energy sector, holding over 100 core patents and being classified as a "little giant" enterprise by the national government [6][10].

Group 1 - The core viewpoint of the article highlights the growth of China's wind power generation, with a production volume of 1,046 billion kilowatt-hours in November 2025, representing a year-on-year increase of 22% [1] - From January to November 2025, the cumulative wind power generation in China reached 9,499 billion kilowatt-hours, showing a cumulative growth of 9.6% [1] - The article references a report by Zhiyan Consulting on the competitive strategies and future development potential of the Chinese wind power industry from 2026 to 2032 [1] Group 2 - The listed companies in the wind power sector include Jinlun Technology, Mingyang Smart Energy, Yunda Co., Shanghai Electric, China National Materials, and others [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [1]

Group 1 - Weiteou signed a strategic cooperation agreement with Qiteng Robotics to focus on safety upgrades in high-risk industries, leveraging new materials and robotics [1] - Dongfang Caifu's subsidiary received approval from the CSRC to issue subordinate bonds totaling up to 20 billion yuan [2] - Haibo Zhongke's controlling shareholder plans to reduce holdings by up to 2.98% of the company's shares [3] Group 2 - Shengyang Technology's subsidiary FTA is expanding into the foreign satellite internet terminal business, which is still in the early commercialization stage [4] - Cangge Mining expects a net profit increase of 43.41%-53.1% for 2025, projecting a profit of 3.7-3.95 billion yuan [5] - Jinlongyu plans to invest approximately 1.2 billion yuan to build a production line for solid-state batteries with an annual capacity of 2 GWh [6] Group 3 - Shengda Resources intends to acquire a 55% stake in Guangxi Laibin Jinshi Mining for 269.5 million yuan [7] - Zhifei Biological's CA111 injection has entered Phase I clinical trials, targeting diabetes and weight loss treatment [8] - Qusleep Technology's specific shareholders plan to reduce their holdings by up to 2.58% of the company's shares [9] Group 4 - Innovation Medical's subsidiary has a product expected to generate revenue of 114,000 yuan in 2025 [11] - Blue Ocean Cursor noted that AI-driven revenue currently constitutes a small portion of overall revenue [12] - *ST Yanshi anticipates a loss for the 2025 fiscal year, with revenue expected to be below 300 million yuan [13] Group 5 - ST Yishite will lift risk warnings and change its stock name, resuming trading on January 14 [14] - Shaoyang Hydraulic clarified that its products do not directly serve commercial aerospace clients [15] - Boss Electric plans to invest 100 million yuan in Youte Smart Kitchen to deepen strategic cooperation [16] Group 6 - Guo An Da's controlling shareholder plans to reduce holdings by up to 3% of the company's shares [17] - *ST Mingjia has lifted the delisting risk warning following the completion of its restructuring plan [18] - Haixiang Pharmaceutical signed an innovative drug cooperation agreement with Wanbangde Pharmaceutical [19] Group 7 - Palm Holdings plans to transfer stakes in two project companies for debt compensation, amounting to 258 million yuan [20] - Bohai Leasing's subsidiary Avolon is projected to have a fleet of 1,132 aircraft by the end of 2025 [21] - Zhenyou Technology reported that satellite internet revenue accounted for approximately 7.15% of total revenue in the first three quarters of 2025 [22] Group 8 - Blue Arrow Electronics intends to acquire at least 51% of Chengdu Xinyi Technology [23] - Shunhao Co. stated that its investment in Tianshu Chuangxin will have a minimal impact on its 2025 performance [24][25] - Baichuan Co.'s deputy general manager plans to reduce holdings by up to 0.65% of the company's shares [26] Group 9 - Zhewen Interconnect reported that its GEO business has not yet formed a mature profit model [27] - XW Communication's controlling shareholder plans to reduce holdings by up to 1% of the company's shares [28] - Electric Science Digital indicated that its satellite communication products are not its main business [29] Group 10 - Bojun Technology expects a net profit increase of 35%-65% for 2025, projecting a profit of 828-1,012 million yuan [30] - Rongchang Bio signed a licensing agreement for the RC148 drug with AbbVie, with an initial payment of 650 million USD [31] - Guoxin Technology's state investment fund plans to reduce holdings by up to 2.37% of the company's shares [32] Group 11 - Hengxuan Technology's controlling shareholder plans to reduce holdings by up to 3% of the company's shares [33][34] - *ST Chengchang announced a stock suspension for investigation due to abnormal trading [35] - Zhongji Xuchuang's subsidiary plans to issue warrants to incentivize its core team [36] Group 12 - Zhuoshengwei expects a net loss of 255-295 million yuan for 2025 [37] - Pingtan Development anticipates a loss for the 2025 fiscal year [38] - Nanjing Bank's major shareholder increased its stake by 123.472 million shares [39] Group 13 - Jingao Technology expects a net loss of 4.5-4.8 billion yuan for 2025 [40] - Mingyang Smart plans to acquire control of Dehua Company, with stock suspension [41] - Vanadium Titanium Co. anticipates a loss for the 2025 fiscal year [42][43] Group 14 - Tianzhihang announced a delay in its "Smart Medical Center Construction Project" [44]

Group 1 - The core point of the article is that Mingyang Smart Energy (601615) plans to acquire control of Zhongshan Dehua Chip Technology Co., Ltd. through a combination of issuing shares and cash payment, with the announcement made on January 13 [1] - The acquisition is considered a related party transaction, as the controlling shareholder of Dehua is fully owned by Zhang Chao, who is a close relative of the actual controller of Mingyang [1] - The transaction is not expected to constitute a major asset restructuring [1] Group 2 - Dehua Company, established in 2015, operates in the semiconductor industry, focusing on the design, research and development, production, testing, processing, sales, and consulting of semiconductor epitaxial wafers, chips, components, systems, and related products [1] - On January 12, Mingyang Smart Energy's stock reached a closing price of 19.68 yuan per share, with a total market capitalization of 44.51 billion yuan, following a 33.6% increase over the five trading days from January 6 to January 12 [1]

(责任编辑：关婧) 截至公告披露日，标的公司的估值尚未最终确定。目前标的公司审计评估、交易金额、发行股份及 支付现金比例等内容暂未确定，本次交易预计不构成重大资产重组。鉴于上述事项尚存在不确定性，为 了保证公平信息披露、维护投资者利益，避免对公司股价造成重大影响，根据上海证券交易所的相关规 定，经公司申请，公司股票自2026年1月13日（星期二）开市起开始停牌，预计停牌时间不超过10个交 易日。 明阳智能停牌前一交易日（1月12日）涨停，当日收盘报19.68元，涨幅10.01%。 中国经济网北京1月13日讯 明阳智能(601615.SH)昨日晚间披露关于筹划发行股份及支付现金购买资 产并募集配套资金暨关联交易事项的停牌公告。 公司于2026 年1月12日收到公司控股股东明阳新能源投资控股集团有限公司（简称"能投集团"）出 具的《关于筹划重大事项的通知》，拟由公司通过发行股份及支付现金的方式收购中山德华芯片技术有 限公司（简称"德华公司"）的控制权，并募集配套资金。本次交易尚处于筹划阶段。德华公司的控股股 东为广东明阳瑞德创业投资有限公司（简称"瑞德创业"），为公司董事张超全资持有，同时张超为公司 实际控制人的 ...

Group 1 - The core focus of the news is the acquisition plan by Mingyang Smart Energy (601615.SH) to gain control of Zhongshan Dehua Chip Technology Co., Ltd. through a combination of issuing shares and cash payments, amidst the rising interest in space photovoltaics [1][2] - Mingyang Smart Energy's wind power manufacturing segment includes the research, production, and sales of large wind turbine generators and their core components, ranking third in new installed capacity with 12.29 million kilowatts in 2024 according to the China Renewable Energy Society [1] - The transaction is currently in the planning stage, with the valuation of the target company yet to be finalized, and details regarding the transaction amount and the ratio of shares to cash payments are still undetermined [1] Group 2 - The space photovoltaic sector has gained significant attention due to the explosive growth expectations driven by commercial aerospace and space computing demands, making it a hot topic in the capital market [2] - Zhongshan Dehua primarily engages in semiconductor-related businesses and has historical ties with Mingyang Smart Energy, as its controlling shareholder is closely related to the actual controller of Mingyang [2] - Zhongshan Dehua has been recognized as one of the top three private enterprises in its niche, with its gallium arsenide space solar cells achieving a conversion efficiency of 32%, and its products have been successfully used in various space missions [3]

Market Performance - On January 12, 2026, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 4165.29 points, up 1.09%, the Shenzhen Component Index at 14366.91 points, up 1.75%, and the ChiNext Index at 3388.34 points, up 1.82%. Over 4100 stocks rose, and the total trading volume in the Shanghai and Shenzhen markets was 3.60 trillion yuan, an increase of 480 billion yuan from the previous trading day [1] - The Hong Kong stock market also experienced gains, with the Hang Seng Index rising 1.44% or 376.69 points to close at 26608.48 points, and a total trading volume of 306.22 billion HKD. The Hang Seng China Enterprises Index increased by 1.9%, while the Hang Seng Tech Index rose by 3.1% [1] - In the U.S. stock market, all three major indices recorded slight gains, with the S&P 500 and Dow Jones indices reaching historical highs. The Dow Jones increased by 86.13 points, or 0.17%, closing at 49590.20 points, while the Nasdaq rose by 62.56 points, or 0.26%, to 23733.90 points, and the S&P 500 gained 10.99 points, or 0.16%, closing at 6977.27 points [1] Industry News - The Shanghai Gold Exchange announced on January 12, 2026, that due to multiple factors, the prices of precious metals have experienced significant volatility, and uncertainty remains high. Member units are advised to closely monitor market changes and enhance risk management measures to maintain market stability [2] - A significant breakthrough in key core technologies for power generation equipment manufacturing has been achieved in China, with the successful installation of the rotor for a 630℃ power generation unit. This project marks the first time that the thermal efficiency of two 630℃ ultra-supercritical reheating coal-fired generating units has exceeded 50%. The project is expected to save 217,900 tons of standard coal and reduce carbon dioxide emissions by 588,300 tons annually upon operation [2]