证券代码：603268 证券简称：*ST松发 公告编号：2025临-138 广东松发陶瓷股份有限公司 关于下属公司签订日常经营重大合同的公告 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： 广东松发陶瓷股份有限公司（以下简称"公司"）下属公司恒力造船（大连）有 限公司（以下简称"恒力造船"）1艘15.8万载重吨原油运输船建造合同于2025年12 月29日签约生效。现将相关情况公告如下： 一、 履行审议程序情况 本次签署的相关合同系日常经营性合同，公司与交易对方不存在关联关系，所 涉及的交易不构成关联交易，根据《股票上市规则》之规定，公司本次签署日常交 易相关合同无需经公司董事会、股东会审议。 二、 合同主要条款 是否需要履行审议程序：本次签署的相关合同系日常经营性合同，公司与交 易对方不存在关联关系，所涉及的交易不构成关联交易，根据《上海证券交 易所股票上市规则》（以下简称"《股票上市规则》"）之规定，公司本次签署 日常交易相关合同无需经公司董事会、股东会审议。 特别风险提示：由于合同履行期较长，合同履行可能受 ...

Core Viewpoint - *ST Songfa (603268.SH) has signed a contract for the construction of a 158,000 deadweight ton crude oil tanker, which will be effective from December 29, 2025, through its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. [1] Group 1 - The signed crude oil tanker is a mainstream large oil tanker type, featuring high deadweight capacity, low fuel consumption, and excellent environmental performance [1] - The design of the tanker aligns with the latest international standards for crude oil transportation and meets current environmental regulations [1]

广东松发陶瓷股份有限公司 股票交易风险提示公告 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： ● 广东松发陶瓷股份有限公司（以下简称"公司"）股票于 2025 年 12 月 22 日、12 月 23 日、12 月 24 日连续 3 个交易日收盘价格涨幅偏离值累计超过 12%， 属于股票交易异常波动情形。2025 年 12 月 25 日，公司股票再次涨停，公司股 价短期涨幅较大。 证券代码：603268 证券简称：*ST松发 公告编号：2025临-137 截至 2025 年 12 月 25 日收盘，公司股价为 89.26 元/股。根据 WIND 数据库 统计，公司市盈率（TTM）为 69.04。根据 SAC 国民经济经济行业类别，公司属 于 SAC 船舶及相关装置制造行业，基于 WIND 数据库统计行业市盈率（TTM）中位 数为 32.96，公司的市盈率与同行业相比有较大差异。 四、公司经营业绩风险 公司已于本年度实施重大资产重组，主营业务发生重大变化，由陶瓷制造业 务变更为船舶及高端装备的研发生产和销售。基于 ...

松发股份公告称，公司股票于2025年12月22 - 24日连续3个交易日收盘价格涨幅偏离值累计超12%，25 日再次涨停，股价短期涨幅大。截至12月25日收盘，公司股价89.26元/股，市盈率（TTM）为69.04，高 于行业中位数32.96。公司目前生产经营正常，无应披露未披露重大信息。2024年公司营收27481.43万 元，净利润 -7664.24万元，因业绩不达标于2025年4月29日起被实施退市风险警示。提醒投资者注意风 险。 ...

北京商报讯（记者 翟枫瑞）12月24日，装修建材板块小幅增长，以16406.45点收盘，涨幅为0.85%。在 板块带动下，多只装修建材股股价实现增长。濮耐股份以6.05元/股收盘，涨幅为5.58%，领涨装修建材 股。*ST松发以85.01元/股收盘，涨幅为5.00%，涨幅位列装修建材股第二。*ST亚振以40.95元/股收盘， 涨幅为5.00%，涨幅位列装修建材股第三。除此之外，皮阿诺以21.88元/股收盘，跌幅为4.04%，领跌装 修建材股。瑞泰科技以18.85元/股收盘，跌幅为2.94%，跌幅位列装修建材股第二。恒林股份以32.16元/ 股收盘，跌幅为1.05%，跌幅位列装修建材股第三。 中国银河在研报中表示，消费、投资共同发力扩内需，消费升级推动建材高品质转型。消费端，中央经 济工作会议提到，2026年要"深入实施提振消费专项行动，清理消费领域不合理限制措施"，与十五五规 划建议稿中提到的"清理汽车、住房等消费不合理"相呼应，预计26年各地区居民住房限购政策将逐步放 开，家装市场回暖预期增强，有望带动消费建材需求恢复。 ...

证券代码：603268 证券简称：*ST松发 公告编号：2025临-136 广东松发陶瓷股份有限公司 股票交易异常波动公告 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： ● 广东松发陶瓷股份有限公司（以下简称"公司"）股票于 2025 年 12 月 22 日、12 月 23 日、12 月 24 日连续 3 个交易日收盘价格涨幅偏离值累计超过 12%， 根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动情形。 ● 经公司自查并向控股股东、实际控制人书面征询确认，截至本公告披露 日，除公司已披露事项外，不存在应当披露而未披露的重大信息。 ● 公司已于本年度实施重大资产重组，主营业务发生重大变化，由陶瓷制 造业务变更为船舶及高端装备的研发生产和销售。基于船舶行业的特点，公司在 手订单合同履行期较长，合同的履行可能受到航运与船舶市场变化、客户需求、 原材料价格波动、汇率波动等因素的影响，公司提醒投资者注意投资风险。 ● 截至 2025 年 12 月 24 日收盘，公司股价为 85.01 元/股，根据 WI ...

Core Viewpoint - The company *ST Songfa has experienced significant stock price fluctuations, with a cumulative deviation of over 12% in closing prices over three consecutive trading days, indicating abnormal trading activity [1] Group 1: Company Overview - The company has undergone a major asset restructuring this year, shifting its main business from ceramic manufacturing to the research, production, and sales of ships and high-end equipment [1] - Due to the characteristics of the shipbuilding industry, the company has long contract fulfillment periods for its orders [1] Group 2: Market Influences - The fulfillment of contracts may be affected by various factors, including changes in the shipping and shipbuilding markets, customer demand, fluctuations in raw material prices, and exchange rate variations [1] - The company has issued a reminder to investors to be aware of investment risks associated with these market influences [1]

Core Viewpoint - The company announced significant stock price fluctuations and a change in its main business focus from ceramic manufacturing to shipbuilding and high-end equipment [1] Group 1: Stock Performance - The company's stock experienced a cumulative price deviation exceeding 12% over three consecutive trading days from December 22 to 24, 2025, indicating abnormal volatility [1] - As of the announcement date, there were no undisclosed significant information apart from what has already been disclosed [1] Group 2: Business Transition - The company completed a major asset restructuring this year, shifting its primary operations from ceramic manufacturing to shipbuilding and high-end equipment [1] Group 3: Financial Performance - For the year 2024, the company reported revenue of 27,481.43 million and a net loss of 7,664.24 million [1] - As of December 24, the company's price-to-earnings ratio showed significant disparity compared to industry peers [1] Group 4: Risk Warning - The company will implement a delisting risk warning starting April 29, 2025, due to the financial performance and market conditions [1]

Core Insights - In 2025, private equity firms are increasingly enthusiastic about participating in A-share private placements, with a total investment of 5.98 billion yuan, marking a 23.48% increase from 4.84 billion yuan in 2024 [1] - The overall floating profit from these placements has reached 2.72 billion yuan, with a floating profit ratio of 45.55% [1] Group 1: Private Placement Market Overview - A total of 52 private equity firms have actively engaged in the private placement market, covering 58 A-share targets [1] - The price advantage of private placements provides a natural safety cushion for private equity firms, enhancing the attractiveness of this investment strategy [1] - Continuous optimization of refinancing policies and improved project quality have bolstered confidence in holding shares during the lock-up period [1] Group 2: Individual Stock Performance - There is a high concentration of private placements, with 34 stocks receiving over 50 million yuan in allocations, led by Lexin Technology with 788 million yuan [2] - Notably, the electronics sector has shown remarkable profitability, with some stocks like Demingli achieving a floating profit ratio of 274.19% [2] - Among the 58 stocks, 54 are currently in a floating profit state, with over 90% showing profitability, and 9 stocks exceeding a floating profit ratio of 100% [2] Group 3: Industry Distribution - Private placement funds have covered 17 sectors, with the electronics industry being the primary focus, attracting 2.03 billion yuan, accounting for 33.98% of total allocations [3] - The power equipment and light manufacturing sectors follow closely, each receiving 670 million yuan [3] - The electronics sector benefits from ongoing domestic substitution and has competitive advantages in the global market, with significant growth potential expected in 2025 [3]

Major Announcements - Victory Energy has clarified that it does not engage in robotics-related business and has no asset restructuring plans for the next twelve months, despite its stock experiencing an 8-day trading limit increase of 114.44% since December 12 [1] - Aerospace Engineering confirmed that its main business does not involve commercial aerospace, with a current rolling P/E ratio of 76.85, significantly higher than the industry average [2] - ST Songfa's subsidiary, Hengli Shipbuilding, signed contracts for the construction of 8 vessels, with a total contract value estimated between 500 million to 800 million USD [3] - Libet has stated it does not engage in controllable nuclear fusion business, with its nuclear power-related contracts amounting to 226 million CNY, representing 6.48% of its audited revenue for 2024 [4] - Zhuhai Mian Group has completed the 100% equity transfer of Gree Real Estate for a transaction price of 5.518 billion CNY [5] Investments and Projects - Ningbo Huaxiang's subsidiary has signed a contract for the production of robot joints, which is expected to positively impact future performance starting January 2026 [6][7] - Haibo Shichuang plans to invest 2 billion CNY to build a smart green energy storage factory, expected to be completed by December 2028 [8] - Zhenyu Technology's subsidiaries plan to invest at least 1 billion CNY each in projects related to humanoid robots and core components for electric vehicle drive systems [10] Corporate Actions - ST Lian Stone has completed its restructuring plan and will have its delisting risk warning lifted on December 25, 2025 [9] - Huaxin Building Materials' major shareholder plans to increase its stake by 200 million to 400 million CNY [11] - Nova Star Cloud has secured a loan commitment of up to 135 million CNY for share repurchase [13] - Fanwei Network intends to repurchase and cancel 4.2371 million shares, representing 1.63% of its total share capital [14] - Dong'a Ejiao has conducted its first share repurchase, totaling approximately 19.9976 million CNY [15] Stock Trading and Resumption - ST Xinyan's stock will resume trading on December 24, 2025, following a capital increase from 1.496 billion shares to 3.29 billion shares [16]