关于公司股票连续停牌直至终止上市、实施换股吸收合并的 提示性公告 证券代码：601989 证券简称：中国重工 公告编号：临 2025-050 中国船舶重工股份有限公司 公司已于2025年8月5日发布《中国重工关于中国船舶工业股份股份有限公司 换股吸收合并中国船舶重工股份有限公司暨关联交易事项异议股东现金选择权 实施公告》（公告编号：临2025-046），公司将通过网下申报的方式向全体异议 股东实施其所持部分或全部股份的现金选择权。 经向上海证券交易所申请，公司A股股票将自2025年8月13日（即异议股东 现金选择权申报日）开市起连续停牌，此后进入现金选择权行权申报、清算交收 阶段，不再交易，公司股票继续停牌直至终止上市。 现金选择权实施完成及公司终止上市后，公司股东持有的公司A股股票将按 照公司于2025年7月19日发布的《中国船舶工业股份有限公司换股吸收合并中国 船舶重工股份有限公司暨关联交易报告书》中确定的换股比例转换为中国船舶为 本次换股吸收合并所发行的A股股票，并在上海证券交易所上市流通。 特此公告。 中国船舶重工股份有限公司董事会 二〇二五年八月六日 本公司董事会及全体董事保证公告内容不存在任何虚假 ...

21世纪经济报道记者赵云帆 中国船舶与中国重工的造船业"世纪大重组"，终于在历时一年的协调与审批后，步入了"临门一脚"环 节。 8月5日晚间，两公司同时发布公告称，中国船舶换股吸收合并中国重工的交易早前已获证监会正式批 复。接下来，两家公司股票将自8月13日起停牌，复牌日期不定。此后中国船舶将正式通过换股吸并方 式，向中国重工所有股东发行股份并收购其全部资产，中国重工将撤牌退市。 值得注意的是，在审议两船合并的股东大会中，有部分异议股东对所有议案全部投出反对票，他们将有 权获得两公司大股东中国船舶集团提供的现金选择权，可在8月13日前提交执行现金选择权的申请。根 据两公司公告，中国船舶、中国重工的异议股东持有股份数量分别为1853.85万股和32305.32万股，对应 现金选择权价格为30.01元/股和4.03元/股，总价值分别为5.56亿元和13.02亿元。 不过，以上现金选择权或大概率不会被异议股东执行——从当前股价来看，截至8月5日，吸并主导方中 国船舶股价已经来到35.01元/股，其较现金选择权溢价16.6%。而只有中国船舶股价低于或接近现金选 择权时，两家公司的现金选择权才可能被异议股东大额执行。 ...

Core Insights - The future M&A market will see a clearer logic of industrial integration and transformation upgrades [1] - The A-share market is experiencing active M&A restructuring, with significant developments from central state-owned enterprises (SOEs) and innovative M&A cases emerging [1][4] - The "M&A Six Guidelines" have been implemented to enhance the M&A market, leading to increased activity and diverse payment methods in transactions [4][9] Group 1: Major M&A Transactions - China Shipbuilding Industry Corporation (CSIC) and China State Shipbuilding Corporation (CSSC) have received approval for a share-swap merger, with the transaction amounting to 115.15 billion yuan [5][6] - China Shenhua Energy Company plans to acquire coal and related assets from the State Energy Group, involving over 13 companies [7] - Since the introduction of the "M&A Six Guidelines," three major M&A transactions exceeding 100 billion yuan have been recorded in the A-share market [6] Group 2: Trends in M&A Activity - The integration of central SOEs and hard technology acquisitions are identified as two core trends in the current M&A wave [5] - The M&A market is shifting towards rational behavior focused on industrial integration and transformation, moving away from previous speculative practices [13] - Various companies, including China Power and Sinochem Equipment, have announced significant acquisition plans, indicating a trend towards industry consolidation and upgrades [7][8] Group 3: Diverse Payment Methods - The revised "Major Asset Restructuring Management Measures" introduced innovative payment mechanisms, including installment payments and simplified review processes [9][10] - The use of convertible bonds as a payment tool has gained traction, providing flexibility for both parties in M&A transactions [10][11] - Companies are increasingly utilizing various financing methods, such as equity issuance and acquisition loans, to facilitate M&A activities [10][12] Group 4: Institutional Participation in M&A - Private equity firms and investment banks are actively engaging in the M&A market, adjusting their strategies to focus on M&A activities [13][14] - Investment institutions view selling project companies to listed firms as a significant exit channel, benefiting from the accommodating regulatory environment [13] - Securities firms are enhancing their M&A service capabilities, including valuation, transaction execution, and post-merger integration [14][15]

现金选择权实施完成及公司终止上市后，公司股东持有的公司A股股票将按照公司于2025年7月19日发 布的《中国船舶工业股份有限公司换股吸收合并中国船舶重工股份有限公司暨关联交易报告书》中确定 的换股比例转换为中国船舶为本次换股吸收合并所发行的A股股票，并在上海证券交易所上市流通。 中国重工（601989）(601989.SH)发布公告，公司股票将自2025年8月13日(即异议股东现金选择权申报 日)开市起连续停牌，不再交易。2025年8月12日为公司股票最后一个交易日。敬请广大投资者注意。 ...

现金选择权实施完成及公司终止上市后，公司股东持有的公司A股股票将按照公司于2025年7月19日发 布的《中国船舶工业股份有限公司换股吸收合并中国船舶重工股份有限公司暨关联交易报告书》中确定 的换股比例转换为中国船舶为本次换股吸收合并所发行的A股股票，并在上海证券交易所上市流通。 智通财经APP讯，中国重工(601989.SH)发布公告，公司股票将自2025年8月13日(即异议股东现金选择权 申报日)开市起连续停牌，不再交易。2025年8月12日为公司股票最后一个交易日。敬请广大投资者注 意。 ...

本公司董事会及全体董事保证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。 重要内容提示： 公司股票将自2025年8月13日（即异议股东现金选择权申报日）开市起连 续停牌，不再交易。2025年8月12日为公司股票最后一个交易日。敬请广大投资 者注意。 中国船舶工业股份有限公司（以下简称"中国船舶"）拟以向中国船舶重工 股份有限公司（以下简称"中国重工"或"公司"）全体换股股东发行A股股票 的方式换股吸收合并中国重工（以下简称"本次交易"），中国船舶为吸收合并 方，中国重工为被吸收合并方。 公司已于2025年8月5日发布《中国重工关于中国船舶工业股份股份有限公司 换股吸收合并中国船舶重工股份有限公司暨关联交易事项异议股东现金选择权 实施公告》（公告编号：临2025-046），公司将通过网下申报的方式向全体异议 股东实施其所持部分或全部股份的现金选择权。 证券代码：601989 证券简称：中国重工 公告编号：临 2025-050 中国船舶重工股份有限公司 关于公司股票连续停牌直至终止上市、实施换股吸收合并的 提示性公告 经向上海证券交易所申请，公司A股股票将自 ...

（文章来源：每日经济新闻） 每经AI快讯，8月5日，中国重工公告，公司股票将自8月13日开市起连续停牌，不再交易；8月12日为 公司股票最后一个交易日。 ...

Economic News - The Ministry of Commerce reported that China's service trade import and export totaled 38,872.6 billion yuan in the first half of the year, a year-on-year increase of 8.0% [1] - The China Logistics and Purchasing Federation announced that the logistics industry prosperity index for July was 50.5, indicating continued expansion but a slight slowdown in growth [1] - The People's Bank of China and six other departments stated that by 2027, the financial system supporting the high-end, intelligent, and green development of manufacturing will be basically mature [1] - The National Healthcare Security Administration announced that 55 types of drugs will be included in the 11th batch of centralized procurement, with rational bidding from enterprises [1] - The Supreme People's Court reported that 1,156 cases of medical insurance fraud were concluded in 2024, recovering over 400 million yuan in losses [1] - The Shanghai Stock Exchange revealed that the number of new A-share accounts in July increased by 71% year-on-year, reflecting a recovery in the A-share market [1] Company News - China Shipbuilding Industry Corporation plans to absorb and merge China Shipbuilding Heavy Industry Company, leading to the latter's delisting [5] - Green通科技 intends to use 45,040 million yuan of raised funds to acquire a 46.92% stake and invest 8,000 million yuan in Damo Semiconductor, resulting in a 51% stake in the company [5] - Shanghai Washba established a joint venture with Yuyuan Rare Earth New Materials Co., with a registered capital of 200 million yuan [5] - Maiwei Bio's chairman received an administrative penalty from the China Securities Regulatory Commission for suspected short-term trading [5] Bond Market Analysis - The Ministry of Finance announced that starting August 8, 2025, interest income from newly issued government bonds will be subject to VAT, reversing previous exemptions [7] - The policy aims to narrow the tax burden differences in the bond market and is expected to help alleviate fiscal pressure, as public budget revenue decreased by 0.3% year-on-year in the first half of the year [8] - The impact of the VAT restoration on 10-year government bonds is estimated to be around 10 basis points for self-operated accounts and 5 basis points for asset management products [9] - The new tax policy may lead to a widening of the yield spread between new and old bonds, with credit bonds potentially becoming more attractive [10] - The bond market is expected to experience fluctuations in the short term, with a projected yield range of 1.6% to 1.8% [12]

Group 1: Corporate Restructuring and Market Dynamics - China Shipbuilding has absorbed and merged with China State Shipbuilding Corporation, with a transaction scale of 115.15 billion yuan, marking a significant move in state-owned enterprise consolidation [2] - The A-share market remains active, with 1.96 million new accounts opened in July, a year-on-year increase of 71%, and the Shanghai Composite Index rising by 0.96% to recover above 3600 points [2] Group 2: Policy and Economic Data - The State Council plans to implement interest subsidies for consumer loans to lower financing costs, particularly for car and home appliance purchases, although there are uncertainties regarding interest rates returning to the "2% range" [3] - Starting August 8, new government bond interest will be subject to value-added tax, which may impact bond yields and bank funding costs [4] - The "Two New" policy has shown significant results, with manufacturing sales revenue increasing by 8.9%, and high-tech and digital economy core industries growing by 14.3% and 10.1%, respectively [5] Group 3: Company Highlights - Tesla's board has approved granting Elon Musk restricted stock worth approximately 30 billion dollars to incentivize his retention, amidst ongoing discussions regarding his compensation plan and Tesla's stock price volatility [6] - Anta has responded to rumors of acquiring Reebok by stating it does not comment on market speculation, but such a transaction could reshape the sports apparel industry [6] Group 4: Global Trade and Geopolitics - The U.S.-China tariff dispute continues, with Trump threatening to raise tariffs on India, while the EU has paused countermeasures against the U.S., drawing criticism from former EU officials regarding the impact on European strategic autonomy [9] - International oil prices have seen a four-day decline, with U.S. oil dropping to 66 dollars per barrel due to OPEC+ production increases and weak U.S. demand [10] Group 5: Artificial Intelligence and Technology Applications - The State Council is promoting the "Artificial Intelligence +" initiative, coinciding with the upcoming release of GPT-5, which is expected to boost the AI industry chain, including sectors like robotics and semiconductors [12] - SAIC has achieved mass production of semi-solid state batteries, drawing attention to related concept stocks such as Shanghai Xiba [13] Group 6: Energy and Raw Materials - The recovery of U.S. shale oil production, combined with expectations for Chinese demand, has led to significant price fluctuations in non-ferrous metals like copper and nickel, while gold prices have risen due to safe-haven demand [14]

New Stock Issuance - The new stock issuance for Zhigao Machinery (证券代码: 920101) is priced at 17.41 CNY per share, effective from August 5, 2025[1] - China Heavy Industry (证券代码: 601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (证券代码: 600150) has a buyback request period from August 13 to August 15, 2025[1] Offer and Acquisition Periods - Shenkou Co., Ltd. (证券代码: 002633) has a tender offer period from July 29 to August 27, 2025[1] - ST Kelly (证券代码: 300326) has a tender offer period from July 17 to August 15, 2025[1] - Happiness Blue Ocean (证券代码: 300528) has a significant announcement on July 30, 2025[1] Market Volatility - There are reports of severe abnormal fluctuations for Tibet Tourism (证券代码: 600749) as of July 31, 2025[1] - ST Suwu (证券代码: 600200) also reported significant volatility on July 30, 2025[1] - The stock of ST YaTai (证券代码: 000691) is under observation for abnormal trading activities as of August 5, 2025[1]