江苏亚星锚链股份有限公司（以下简称"公司"）第六届董事会第五次临时 会议于 2025 年 11 月 18 日在公司三楼会议室召开。应出席本次董事会会议的董 事人数为 9 人，实际参与表决人数为 9 人，符合《公司法》及《公司章程》的有 关规定，会议由陶兴先生主持。 会议以举手投票表决的方式，一致通过了以下议案： 一、审议通过了《关于公司拟投资深远海大型浮体关键系泊装备和集成系统 研发及产业化项目的议案》。 （一）基本情况 为提高公司综合竞争力，董事会同意公司拟以自有资金参与靖江市经济技术 开发区苏农路与南青路交叉口东南侧地块（以下简称"该地块"）竞拍，并在取 得该地块土地使用权后建设实施深远海大型浮体关键系泊装备和集成系统研发 及产业化项目（以下简称"该项目"），本次投资金额不超过 3 亿元人民币。 本建设项目符合我公司产业发展方向。项目产品技术来源可靠，市场销售有 渠道，并具有较强的抗风险能力。实施本项目建设对公司进一步发展有着重要的 促进作用。 证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-037 江苏亚星锚链股份有限公司 第六届董事会第五次临时会议决议公告 本公司董事会及全体董事保 ...

Group 1 - The company, Yaxing Anchor Chain, announced plans to participate in a land auction in the Jiangyin Economic and Technological Development Zone [1] - The investment amount for the project will not exceed 300 million yuan [1] - The project aims to develop and industrialize key deep-sea floating mooring equipment and integrated systems [1]

Core Viewpoint - The company plans to invest up to 300 million yuan in a project for the development and industrialization of deep-sea large floating mooring equipment and integrated systems, aligning with its industrial development direction [1] Group 1 - The sixth board of directors' fifth temporary meeting is scheduled for November 18, 2025, to review the participation in the bidding for a land parcel in Jingjiang [1] - The project investment is capped at 300 million yuan, utilizing the company's own funds [1] - There are uncertainties regarding the investment related to land bidding, funding, and progress, along with market and operational risks [1] Group 2 - The matter does not require approval from the shareholders' meeting and does not constitute a related party transaction or a major asset restructuring [1]

（编辑 楚丽君） 证券日报网讯 11月17日晚间，亚星锚链发布公告称，截至本公告日，公司及其控股子公司担保余额 （担保项下实际取得融资额）总计为人民币15，230万元，占公司2024年末合并报表经审计净资产的 4.20%，其中，公司对全资子公司提供担保余额为15，230万元，占公司2024年末合并报表经审计净资 产的4.20%。不存在对控股股东和实际控制人及其关联人提供担保的情况，无逾期担保。 ...

Core Insights - The marine equipment sector experienced a rise of 1.81% on November 17, with Jianglong Shipbuilding leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Jianglong Shipbuilding (300589) saw a closing price of 16.31, with a significant increase of 20.01% and a trading volume of 1.0626 million shares, amounting to a transaction value of 1.701 billion [1] - Tianhai Defense (300008) closed at 7.13, up 7.38%, with a trading volume of 3.226 million shares and a transaction value of 233.3 million [1] - Other notable performers included Zhonggui Haixun (300810) with a 4.76% increase, closing at 40.90, and China Shipbuilding Defense (600685) with a 4.44% increase, closing at 27.30 [1] Capital Flow - The marine equipment sector saw a net inflow of 514 million from institutional investors, while retail investors experienced a net outflow of 233 million [1] - Jianglong Shipbuilding attracted a net inflow of 317 million from institutional investors, representing 18.66% of its total trading volume [2] - Tianhai Defense had a net outflow of 51.12 million from retail investors, indicating a negative sentiment among smaller investors [2]

证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-036 江苏亚星锚链股份有限公司 关于为全资子公司提供担保进展公告 本公司及董事会全体成员保证公告内容不存在虚假记录，误导性陈述或者重 大遗漏，并对内容的真实、准确和完整承担个别及连带责任。 重要内容提示： 被担保人名称：江苏亚星锚链股份有限公司（以下简称"亚星锚链"或"公司"） 的全资子公司亚星（香港）国际有限公司（以下简称"亚星国际"），本次担保 不存在关联担保。 担保金额：5,000 万元，截至 2025 年 11 月 17 日,担保实际发生借款 5,000 万 元 2025 年 4 月 25 日，公司第六届董事会第六次会议审议通过了《关于公司 2025 年度对外担保额度的议案》，全资子公司亚星国际拟向银行申请不超过 50,000 万元授信额度（包括贷款、开立保函、信用证等），公司为其提供不超过 50,000 万元人民币的连带责任担保或质押担保。具体内容详见 2025 年 4 月 29 日在《中 国证券报》、《上海证券报》和上海证券交易所 www.sse.com.cn 披露的《关于 为香港全资子公司提供担保预计的公告》，上述议案已经公司 ...

Market Overview - The marine equipment sector increased by 0.38% on November 13, with Guorui Technology leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Key stocks in the marine equipment sector showed varied performance, with Guorui Technology closing at 15.89, up 1.34%, and China Shipbuilding at 34.60, up 0.41% [1] - The trading volume and turnover for major stocks included: - Guorui Technology: 95,600 shares, turnover of 151 million yuan - Tianhai Defense: 385,200 shares, turnover of 254 million yuan - China Shipbuilding: 462,700 shares, turnover of 1.597 billion yuan [1] Capital Flow - The marine equipment sector experienced a net outflow of 181 million yuan from institutional investors, while retail investors saw a net inflow of 126 million yuan [1] - Detailed capital flow for selected stocks included: - Yaxing Anchor Chain: Institutional net inflow of 22.79 million yuan, retail net outflow of 26.73 million yuan - China Shipbuilding: Institutional net outflow of 137 million yuan, retail net inflow of 889.93 million yuan [2]

Core Viewpoint - The stock of Yaxing Anchor Chain has experienced fluctuations, with a year-to-date increase of 32.16% but a recent decline of 7.08% over the past five trading days [1] Company Overview - Yaxing Anchor Chain Co., Ltd. was established on March 16, 2000, and listed on December 28, 2010. The company specializes in the production of marine anchor chains, offshore mooring chains, and mining chains [1] - The main business revenue composition includes marine chains and accessories (62.37%), mooring chains (35.76%), and others (1.86%) [1] Financial Performance - For the period from January to September 2025, Yaxing Anchor Chain achieved operating revenue of 1.544 billion yuan, representing a year-on-year growth of 5.28%. The net profit attributable to the parent company was 211 million yuan, up 9.38% year-on-year [2] - Since its A-share listing, the company has distributed a total of 637 million yuan in dividends, with 283 million yuan distributed in the last three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders for Yaxing Anchor Chain was 114,300, a decrease of 1.72% from the previous period. The average circulating shares per person increased by 1.75% to 8,394 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 8.8774 million shares (a decrease of 4.5379 million shares), and Southern CSI 1000 ETF, holding 6.1423 million shares (a decrease of 63,100 shares) [3]

Core Viewpoint - A-share listed companies are actively subscribing to private equity products, with a total subscription amount reaching 818 million yuan as of November 7 this year [1]. Subscription Overview - Ten listed companies have disclosed their subscription or continued subscription to private equity products, involving a total of 13 private equity firms [1]. - The private equity firms are categorized by management scale: four firms have over 10 billion yuan, four firms are in the 1-2 billion yuan range, three firms are in the 0-500 million yuan range, one firm has 5-10 billion yuan, and one firm has 2-5 billion yuan [1]. Notable Subscriptions - Yaxing Anchor Chain (601890.SH) has made the largest investment, with a total subscription amount of 263 million yuan across three private equity products this year [2][3]. - Yongji Co., Ltd. (603058.SH) has invested 100 million yuan in the "Shanzha Tree Zhenzhu 5" product, showing a history of multiple investments in this product since 2020 [4]. - Zhongxing Junye (002772.SZ) extended the investment period for the "Shanyuan Jin 206" product, which it initially subscribed to for 100 million yuan in 2021 [5]. Preference for Large Private Equity Firms - Diya Co., Ltd. (301177.SZ) and Innovation New Materials (600361.SH) prefer large private equity firms, with Diya investing 60 million yuan in two products from firms with over 10 billion yuan in management scale [6]. - Other companies like Heshun Petroleum (603353.SH) and Jinzhen Co., Ltd. (600446.SH) have also made significant investments in various private equity products this year [6]. Historical Performance and Returns - Companies have reported past performance and returns from their private equity investments, such as Yangguang Lighting (600261.SH) redeeming portions of its investments and realizing significant returns [8]. - Yongji Co., Ltd. reported a total investment return of 121 million yuan from the "Shanzha Tree Zhenzhu 5" product in 2021, but saw a decline in investment returns in 2022 due to reduced gains from private equity redemptions [8].

Core Points - The marine economy sector experienced a decline of 0.26% on November 7, with the leading stock, Yaxing Anchor Chain, falling significantly [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance Summary - Notable gainers in the marine economy sector included: - Xingyun Co., Ltd. (300648) with a closing price of 47.55, up 6.64% on a trading volume of 152,300 shares and a transaction value of 26.67 million [1] - Sifangda (300179) closed at 14.53, up 6.21% with a trading volume of 793,700 shares and a transaction value of 1.14 billion [1] - Other gainers included Wuhan Tianyuan (301127), Baose Co., Ltd. (300402), and Sanwei Communication (002115), all showing positive price movements [1] Fund Flow Analysis - The marine economy sector saw a net outflow of 910 million from institutional investors, while retail investors contributed a net inflow of 1.02 billion [2][3] - Key stocks with significant fund flows included: - Xingyun Co., Ltd. (300648) with a net inflow of 1.32 billion from institutional investors, but a net outflow from retail investors [3] - Haige Communication (002465) had a net inflow of 67.01 million from institutional investors, while also experiencing outflows from retail investors [3] - Overall, the sector's fund flow dynamics indicate a mixed sentiment among different investor types [2][3]