Core Viewpoint - Hunan Huazhong Xiangtan Steel Co., Ltd. has completed its share reduction plan for Lanzhou Lanshi Heavy Equipment Co., Ltd., reducing its stake below 5% [1] Group 1: Shareholding Details - Before the reduction plan, Hunan Huazhong Xiangtan Steel held 78,351,508 shares, accounting for 5.99801% of the total share capital of Lanzhou Lanshi Heavy Equipment [1] - During the reduction period, Hunan Huazhong Xiangtan Steel reduced its holdings by a total of 13,062,818 shares, which is 0.99999% of the total share capital [1] - Specifically, on November 13, 2025, Hunan Huazhong Xiangtan Steel sold 13,036,918 shares, representing 0.99801% of the total share capital [1] Group 2: Current Shareholding Status - As of the announcement date, Hunan Huazhong Xiangtan Steel holds 65,288,690 shares, which is 4.99802% of the total share capital, thus no longer being a shareholder with over 5% stake [1]

Core Viewpoint - The company plans to introduce strategic investors through a capital increase to optimize its equity structure and enhance core competitiveness [1][3] Group 1: Capital Increase Details - The subsidiary, Lanzhou Lanshi Heavy Industry Co., Ltd., will publicly list the capital increase on the Gansu Provincial Property Exchange, aiming to introduce no more than 5 strategic investors [1] - The registered capital is expected to increase by 43 million yuan, with a total capital increase amount not exceeding 130 million yuan [1] - After the capital increase, strategic investors will hold up to 31% of the subsidiary, while the parent company will maintain at least 69% ownership [1] Group 2: Financial Performance - As of December 31, 2024, the subsidiary's audited total assets were 687 million yuan, with a net asset value of 203 million yuan [2] - For the fiscal year 2024, the subsidiary achieved a revenue of 409 million yuan and a net profit of 28.74 million yuan [2] - As of June 30, 2025, the audited total assets were 684 million yuan, with a net asset value of 220 million yuan [2] Group 3: Strategic Implications - The capital increase aligns with the company's long-term strategic goals and is expected to enhance technological research and product innovation capabilities [3] - The introduction of strategic investors is anticipated to support the subsidiary's leapfrog development without affecting normal operations or harming shareholder interests [3]

Core Viewpoint - Lanzhou Lanshi Heavy Equipment Co., Ltd. plans to introduce up to 5 strategic investors through public listing, increasing registered capital by 43 million yuan, with a total investment not exceeding 130 million yuan, while maintaining controlling shareholder status [1][2] Group 1: Company Overview - The wholly-owned subsidiary, Lanzhou Lanshi Heavy Industry Co., Ltd., will have strategic investors holding up to 31% of its shares after the capital increase [1] - Heavy Industry Co. specializes in the research, design, manufacturing, and engineering contracting of various general equipment, including hydraulic forging units and CNC plate rolling machines [1] Group 2: Market Position - Heavy Industry Co. has developed significant products, including the first domestic 8MN rapid forging hydraulic unit and the largest 300MN multi-cylinder thin plate forming hydraulic machine, achieving over 70% market share in the domestic rolling equipment industry [1] - The company exports products to countries such as Russia, India, and Myanmar, solidifying its position as a leader in the domestic market [1] Group 3: Strategic Development - The capital increase aligns with the company's long-term strategic goals, enhancing its technological research and product innovation capabilities, optimizing the equity structure, and improving core competitiveness [2]

Group 1 - The core viewpoint of the article highlights that 兰石重装 (Lanshi Heavy Industry) announced an organizational restructuring during its board meeting on November 25, 2025 [1] - For the fiscal year 2024, the revenue composition of 兰石重装 is as follows: mechanical manufacturing accounts for 72.87%, new metal materials for 14.29%, engineering contracting for 9.96%, technical services for 2.02%, and other businesses for 0.86% [1] - As of the report, 兰石重装 has a market capitalization of 14.3 billion yuan [1] Group 2 - The article also mentions that another company, identified by the code 688496, is under investigation by the China Securities Regulatory Commission due to a significant loss exceeding 100 million yuan shortly after its IPO, with its main customer reducing purchases [1]

证券代码：603169 证券简称：兰石重装 公告编号：临 2025-093 兰州兰石重型装备股份有限公司 关于子公司以公开挂牌方式增资扩股暨引入战略投资者 的公告 本公司董事会及全体董事保证本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： 兰州兰石重型装备股份有限公司（以下简称"兰石重装"或"公司"）于 2025 年 11 月 25 日召开第六届董事会第九次会议，审议通过了《关于重工公司 增资扩股引入战略投资者的议案》，同意公司全资子公司兰州兰石重工有限公司 （以下简称"重工公司"）通过公开挂牌方式引入不超过 5 名战略投资者并预计 增加注册资本 4,300 万元，本次增资金额不超过 1.3 亿元，增资完成后，引入战 略投资者合计持有重工公司不超过 31%股权。公司放弃本次重工公司增资扩股的 优先认缴出资权。 本次增资将采取在甘肃省产权交易所集团股份有限公司（以下简称"甘肃 产权交易所"）公开挂牌的方式，最终交易方、交易金额等尚存在不确定性，无 法判断是否构成关联交易。 1.企业名称：兰州兰石重工有限公司 2.统一社会信用代码：91620 ...

Core Viewpoint - The company has approved a plan to introduce strategic investors through a capital increase in its wholly-owned subsidiary, aiming to raise up to 130 million yuan and dilute its ownership to a maximum of 31% in the subsidiary [1] Group 1: Capital Increase Details - The company will increase the registered capital of its subsidiary, Lanzhou Lanshi Heavy Industry Co., Ltd., by 43 million yuan [1] - The capital increase will involve the introduction of no more than five strategic investors [1] - The total amount of the capital increase is not expected to exceed 130 million yuan [1] Group 2: Ownership and Control - After the completion of the capital increase, the company will still be the controlling shareholder of the subsidiary [1] - The subsidiary will remain within the scope of the company's consolidated financial statements [1] - The company has waived its preferential subscription rights for this capital increase [1]

Core Viewpoint - Hualing Xianggang has completed its share reduction plan for Lanshi Heavy Industry, reducing its stake to below 5% [1] Group 1: Share Reduction Details - Hualing Xianggang reduced its holdings by a total of 13,062,818 shares, representing 0.99999% of the total share capital of Lanshi Heavy Industry [1] - On November 13, 2025, Hualing Xianggang sold 13,036,918 shares, accounting for 0.99801% of the total share capital [1] - On November 25, 2025, an additional 25,900 shares were sold, which is 0.00198% of the total share capital [1] Group 2: Current Shareholding Status - After the completion of the reduction plan, Hualing Xianggang holds 65,288,690 shares, which is 4.99802% of the total share capital [1] - Hualing Xianggang is no longer a shareholder with more than 5% ownership in Lanshi Heavy Industry [1]

Core Viewpoint - The company, Lanzhou Lanshi Heavy Industry Co., Ltd., is introducing up to five strategic investors through a public offering, aiming to increase its registered capital by 43 million yuan, with a total investment not exceeding 130 million yuan, which will result in strategic investors holding up to 31% of the company's equity [1] Group 1 - The capital increase aligns with the company's development strategy and long-term planning [1] - The introduction of strategic investors is expected to enhance the technological research and product innovation capabilities of the heavy industry company, recognized as a national-level "specialized and innovative" small giant enterprise [1] - The capital increase will optimize the equity structure of the heavy industry company and continuously improve its core competitiveness [1]

证券代码：603169 证券简称：兰石重装 公告编号：临 2025-094 兰州兰石重型装备股份有限公司 减持计划的实施结果情况：公司于 2025 年 11 月 25 日收到华菱湘钢发来 的《关于减持兰石重装股份结果的告知函》，截至 2025 年 11 月 25 日，华菱湘钢 在减持计划期间通过集中竞价方式累计减持公司股份 13,062,818 股，占公司总股 本的 0.99999%，其中于 2025 年 11 月 13 日减持公司股份 13,036,918 股，占公司 总股本的 0.99801%，具体内容详见公司于 2025 年 11 月 14 日在上海证券交易所 网站（www.sse.com.cn）披露的《关于持股 5%以上股东减持至 5%的权益变动提 示性公告》（公告编号：临 2025-090）；华菱湘钢于 2025 年 11 月 25 日减持公司 股份 25,900 股，占公司总股本的 0.00198%。截至本公告日，华菱湘钢本次减持 计划已实施完成，减持后华菱湘钢持有公司股份 65,288,690 股，占公司总股本的 4.99802%，华菱湘钢不再是公司持股 5%以上股东。 1 一、减持主体减持前基 ...

兰州兰石重型装备股份有限公司 信息披露暂缓与豁免管理制度 （2025 年 11 月制订） 第一章 总则 第一条 为规范兰州兰石重型装备股份有限公司（以下简称"公司"）信息披 露暂缓与豁免行为，督促公司及其他信息披露义务人依法合规履行信息披露义务， 保护投资者的合法权益，根据《中华人民共和国证券法》《上市公司信息披露暂 缓与豁免管理规定》《上海证券交易所股票上市规则》(以下简称"《股票上市规 则》")《上海证券交易所上市公司自律监管指引第 2 号——信息披露事务管理》 等有关法律法规、规范性文件及公司《章程》的相关规定，结合公司实际情况， 制订本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证券监督管理委员会和上海证券交易所规定或者要求 披露的内容，适用本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地 披露信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实 施内幕交易、操纵市场等违法行为。 第四条 公司和其他信息披露义务人应当审慎确定信息披露暂缓、豁免事项， 履行内部审核程序后实施。 暂缓、豁免事项的范围原则上应当 ...