Core Viewpoint - Hualing Xianggang, a shareholder holding more than 5% of the shares, has reduced its stake in Lanshi Heavy Industry by selling 13.0369 million shares, which represents 0.99801% of the total share capital [1] Summary by Relevant Sections - **Shareholding Changes** - After the reduction, Hualing Xianggang's shareholding percentage decreased from 5.99801% to 5%, holding a total of 65.3146 million shares [1] - **Impact on Control** - This change in shareholding does not trigger a mandatory tender offer and will not result in a change of the company's controlling shareholder or actual controller [1] - **Future Plans** - Hualing Xianggang is still in the process of implementing its reduction plan, and the company will continue to monitor and disclose further developments [1]

Core Viewpoint - The company, Lanshi Heavy Industry (603169.SH), announced a significant reduction in shareholding by its shareholder, Hualing Xianggang, which has implications for the company's ownership structure and potential market perception [1] Summary by Relevant Sections - **Shareholder Reduction** - Hualing Xianggang has reduced its shareholding in Lanshi Heavy Industry from 78,351,508 shares to 65,314,590 shares, representing a decrease of 1,303,690 shares [1] - The shareholding percentage has dropped from 5.99801% to 5.00% following this transaction [1] - **Transaction Details** - The reduction was executed through centralized bidding on November 13, 2025 [1] - The total shares reduced account for approximately 0.99801% of the company's total share capital [1]

Core Points - The company, 兰石重装, announced a share reduction by its shareholder, 华菱湘钢, reducing its stake to 5% as part of a previously disclosed plan [1] - On November 13, 2025, 华菱湘钢 sold a total of 13,036,900 shares through centralized bidding, which represents 0.99801% of the company's total share capital [1] - Following this transaction, 华菱湘钢's shareholding decreased from 78,351,508 shares to 65,314,590 shares, with the ownership percentage dropping from 5.99801% to 5.00% [1]

华龙证券股份有限公司 关于 甘肃省国有资产投资集团有限公司免于发起要 约收购兰州兰石重型装备股份有限公司 之 2025 年三季度持续督导意见 二〇二五年十一月 华龙证券股份有限公司关于甘肃省国有资产投资集团有限 公司免于发起要约收购兰州兰石重型装备股份有限公司之 2025 年三季度持续督导意见 华龙证券股份有限公司（以下简称"华龙证券"、"财务顾问"）接受委托，担 任甘肃省国有资产投资集团有限公司（以下简称"甘肃国投"、"收购人"）免于 发出要约收购兰州兰石重型装备股份有限公司（以下简称"兰石重装"、"上市公 司"）的财务顾问。 根据《上市公司收购管理办法》第七十一条之规定："自收购人公告上市公 司收购报告书至收购完成后 12 个月内，财务顾问应当通过日常沟通、定期回访 等方式，关注上市公司的经营情况，结合被收购公司定期报告和临时公告的披露 事宜，对收购人及被收购公司履行持续督导职责"，本财务顾问持续督导期从 2025 年 9 月 24 日开始至收购完成后 12 个月止。 2025 年 10 月 31 日，兰石重装披露了 2025 年第三季度报告。华龙证券作为 本次收购的财务顾问，结合上市公司 2025 年第 ...

兰石重装公告称，甘肃省国资委拟将直接持有的兰石集团90%股权无偿划转至甘肃国投。完成后，甘肃 国投将间接控制兰石重装46.09%的A股流通股股份，成为间接控股股东，上市公司实控人未变。截至意 见出具日，因需向国家市场监督管理总局申报反垄断，股权划转未完成。财务顾问华龙证券表示，督导 期内，兰石重装规范运作，甘肃国投未违反承诺、后续计划及其他约定义务。 ...

Market Performance - The solar thermal power sector declined by 2.20%, ranking among the top losers in the concept sector, with major declines seen in companies like Shuangliang Energy, Xizi Clean Energy, and Chuanrun Co., Ltd. [1] - Among the concept stocks, only two saw price increases, with Guoji General rising by 2.76% and Wujin Stainless Steel by 0.79% [1]. Capital Flow - The solar thermal power sector experienced a net outflow of 1.108 billion yuan, with 34 stocks seeing net outflows, and five stocks exceeding 100 million yuan in outflows [1]. - China Power Construction led the outflows with a net outflow of 188.18 million yuan, followed by Lansi Heavy Industry, Shuangliang Energy, and Dongfang Electric with net outflows of 139.11 million yuan, 116.88 million yuan, and 112.60 million yuan, respectively [1]. - The top inflow stocks included Guoji General, Nenghui Technology, and Zhonglv Electric, with net inflows of 15.28 million yuan, 12.18 million yuan, and 8.26 million yuan, respectively [2]. Stock Performance - The top decliners in the solar thermal power sector included China Power Construction (-2.05%), Lansi Heavy Industry (-3.44%), and Shuangliang Energy (-7.59%) [1]. - Guoji General and Nenghui Technology were among the few stocks that saw gains, with Guoji General increasing by 2.76% [2].

Group 1 - The core point of the news is that Lanzhou Lanshi Heavy Equipment Co., Ltd. experienced a decline in stock price by 5.02%, with the current share price at 10.21 yuan and a total market capitalization of 13.337 billion yuan [1] - The company was established on October 22, 2001, and listed on October 9, 2014, with its main business involving traditional energy chemical equipment, new energy equipment, industrial intelligent equipment, and energy-saving environmental protection equipment [1] - The revenue composition of the company's main business includes traditional energy equipment (50.98%), metal new materials (16.65%), engineering general contracting (12.09%), energy-saving environmental protection equipment (8.59%), industrial intelligent equipment (6.49%), new energy equipment (4.13%), technical services (0.70%), and others (0.37%) [1] Group 2 - From the perspective of the top ten circulating shareholders, Southern Fund's Southern CSI 1000 ETF (512100) reduced its holdings by 73,000 shares in the third quarter, now holding 5.9683 million shares, which accounts for 0.46% of the circulating shares [2] - The estimated floating loss for the Southern CSI 1000 ETF today is approximately 3.2229 million yuan [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a latest scale of 76.63 billion yuan, and has achieved a year-to-date return of 28.07% [2]

Group 1 - The stock prices of several companies, including Lanstone Heavy Industry, Antai Group, and Hailu Heavy Industry, experienced significant declines, with drops of 5.25%, 4.92%, and 4.78% respectively [1] - Other companies such as Shaanxi Black Cat, China Coal Energy, and Yanzhou Coal Mining also saw declines exceeding 2% [1]

Group 1 - The core point of the article highlights the recent decline in the stock price of Lanzhou Lanshi Heavy Equipment Co., Ltd., which fell by 5.34% to 10.81 CNY per share, with a trading volume of 257 million CNY and a turnover rate of 1.79%, resulting in a total market capitalization of 14.121 billion CNY [1] - Lanzhou Lanshi Heavy Equipment Co., Ltd. was established on October 22, 2001, and listed on October 9, 2014. The company specializes in traditional energy chemical equipment, new energy equipment, industrial intelligent equipment, and energy-saving and environmental protection equipment [1] - The main business revenue composition of the company includes traditional energy equipment (50.98%), metal new materials (16.65%), engineering general contracting (12.09%), energy-saving and environmental protection equipment (8.59%), industrial intelligent equipment (6.49%), new energy equipment (4.13%), technical services (0.70%), and others (0.37%) [1] Group 2 - From the perspective of the top ten circulating shareholders of Lanzhou Lanshi Heavy Equipment, Southern Fund's Southern CSI 1000 ETF (512100) reduced its holdings by 73,000 shares in the third quarter, now holding 5.9683 million shares, accounting for 0.46% of circulating shares, with an estimated floating loss of approximately 3.6407 million CNY [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 28.45%, ranking 1974 out of 4216 in its category; the one-year return is 19.26%, ranking 2173 out of 3922; and since inception, the return is 13.67% [2]

Group 1 - The coal chemical sector is experiencing a downturn, with significant declines in stock prices for several companies [1] - Lansi Heavy Industry has dropped by 5.25%, Antai Group by 4.92%, and Hailu Heavy Industry by 4.78% [1] - Other companies such as Shaanxi Black Cat, China Coal Energy, and Yanzhou Coal Mining have also seen declines exceeding 2% [1]