Group 1: East Pearl Ecology - East Pearl Ecology (603359) announced the potential termination of a major asset restructuring involving the acquisition of control over Kai Rui Xing Tong Information Technology (Nanjing) Co., Ltd. due to failure to reach preliminary agreement on valuation and commercial terms [1][11][12] - The target company specializes in satellite communication technology and systems, with products including satellite communication baseband products, terminals, network management systems, and application systems [1][11][12] - If the transaction had been completed, East Pearl Ecology would have achieved a strategic transformation into the satellite communication and space information technology sector, creating a second growth curve [1][12] - Following the announcement of the restructuring plan, East Pearl Ecology's stock price experienced a significant increase, rising 16.35% by January 9 compared to before the announcement [1][12] Group 2: Legal Issues - East Pearl Ecology is involved in a lawsuit against Huai'an Baima Lake Investment Development Co., Ltd. and Huai'an Baima Lake Planning and Construction Management Office over a construction contract dispute, seeking 320 million yuan in damages [2][12] Group 3: Southbound Capital Flow - During the week of January 5 to January 9, southbound capital saw a net inflow of 32.694 billion HKD despite a decline in major Hong Kong stock indices, with the Hang Seng Index falling 0.41% [4][14] - Notable stocks with significant southbound capital inflow included Alibaba-W (53.514 billion HKD), SMIC (31.296 billion HKD), and Tencent Holdings [4][15] - Xiaomi Group-W received the highest net buy amount from southbound capital at 5.089 billion HKD, while China Mobile faced a net sell of 3.45 billion HKD [4][15] Group 4: Stock Performance - Xiaomi Group-W's shareholding by southbound capital has increased for 15 consecutive weeks, reaching 4.716 billion shares valued at 178.375 billion HKD [4][15] - The stock performance of various companies showed mixed results, with notable gains for Kuaishou-W (up 12.75%) and Ping An Insurance (up 4.79%), while China Mobile saw a decline of 3% [6][15] Group 5: Automotive and Technology Sector - Southbound capital has increased holdings in several autonomous driving-related stocks, with notable increases in holdings for Zhongwei New Materials (up 98.99%) and Youjia Innovation (up 84.07%) [18][21] - Zhongwei New Materials has reported over a 30% increase in stock price over the past month, focusing on solid-state battery technology and establishing partnerships with leading clients [19][20]

本次重大资产重组事项存在较大终止风险，后续公司及交易对手方将及时推进办理终止本次交易的相关事宜。 东珠生态（603359）1月9日公告，公司正在筹划以发行股份及支付现金的方式收购凯睿星通信息科技（南京）股份有限公司（简称"凯睿星通"）的控制 权，同时拟募集配套资金。自筹划重大资产重组事项以来，公司严格按照相关法律法规要求，积极稳步推进本次重大资产重组包括审计和评估在内的各项 工作。但鉴于市场环境变化等因素，交易各方就本次交易估值等相关商业条款未能达成初步一致，交易各方正在协商本次交易终止事宜。本次重大资产重 组事项存在较大终止风险，后续公司及交易对手方将及时推进办理终止本次交易的相关事宜。 版权声明 综合自：人民财讯等 行情方面，1月9日东珠生态收报9.75元/股，市值为43.49亿元。 责编：李丹 校对：杨舒欣 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十 ...

Core Viewpoint - Dongzhu Ecological (603359) announced that due to changes in the market environment, the parties involved in the major asset restructuring have not reached a preliminary agreement on valuation and related commercial terms, and are negotiating the termination of the transaction [1][6]. Group 1: Transaction Details - Dongzhu Ecological planned to acquire control of Kairuixingtong Information Technology (Nanjing) Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [5]. - The transaction was expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" [5]. - Kairuixingtong has a diversified shareholding structure, with the two largest shareholders each holding 14.02% of the shares [5]. Group 2: Business Context - Dongzhu Ecological's original business focused on ecological restoration and governance services, which have faced challenges due to intensified industry competition [6]. - Kairuixingtong is recognized as a national-level "specialized and innovative" enterprise, specializing in satellite communication technology and systems, with products including satellite communication baseband products and terminal products [6]. - The company has participated in national projects such as Shenzhou spacecraft and low-orbit satellite constellations, showcasing its strong technical capabilities [6]. Group 3: Market Reaction - Following the announcement of the restructuring plan, Dongzhu Ecological's stock was suspended and subsequently experienced three consecutive days of trading limit increases, with a closing price of 9.75 yuan per share on January 9, 2026, resulting in a market capitalization of 4.349 billion yuan [6].

Group 1 - The State Council of China is implementing a package policy to promote domestic demand through fiscal and financial collaboration, focusing on enhancing consumer capacity and supporting private investment [1] - The Ministry of Finance and the State Taxation Administration announced the cancellation of the export VAT rebate for photovoltaic products starting April 1, 2026, which is expected to help stabilize foreign market prices and reduce trade friction risks [1] - The State Administration for Market Regulation is conducting an investigation into the competitive status of the food delivery service industry, with major platforms like Meituan and JD Express expressing their willingness to cooperate [1] Group 2 - Baogang Co. announced an adjustment in the related transaction price for rare earth concentrate to 26,834 yuan per ton (excluding tax), reflecting a 2.4% increase from the previous quarter [3] - The company Tongfu Microelectronics plans to raise no more than 4.4 billion yuan through a private placement [3] - Zhongchao Technology expects a net profit increase of 149.61% to 196.88% year-on-year for 2025 [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603359 证券简称：东珠生态 公告编号：2026-001 东珠生态环保股份有限公司 关于筹划重大资产重组事项进展 暨重大风险提示的公告 2025年12月10日，公司披露了《关于筹划重大资产重组事项的进展公告》（公告编号：2025-072），具 体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn）的相关公告。 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个别及连带责任。 重要内容提示： ● 自筹划本次重大资产重组事项以来，公司按照相关法律法规要求，积极组织各中介机构开展对标的公 司的尽职调查以及审计、评估等工作，交易各方对本次重大资产重组交易方案进行了多次协商，但鉴于 市场环境变化等因素，交易各方就本次交易估值等相关商业条款未能达成初步一致，交易各方正在协商 本次交易终止事宜。本次重大资产重组事项存在较大终止风险，敬请广大投资者关注公司后续公告并注 意投资风险。 一、本次交易概述 东珠生态环保股份有限公司（以下简称"公司"）正在筹划以发行股份及支付现金 ...

Core Viewpoint - Dongzhu Ecology's major asset restructuring plan to acquire control of Kairuixingtong Information Technology (Nanjing) Co., Ltd. is facing termination risks due to failure to reach preliminary agreement on valuation and commercial terms among parties involved [1][2] Group 1: Stock Performance and Market Reactions - Prior to the announcement of the major asset restructuring, Dongzhu Ecology's stock price experienced significant movement, with a 27.36% increase over the 20 trading days before suspension, outperforming the Shanghai Composite Index's 7.17% and the environmental services sector's 8.57% [2] - On the last trading day before the announcement, August 26, the stock rose by 7.85% with a turnover rate of 18.95%, indicating high trading activity [2] - The company's top ten shareholders saw significant changes, with four new shareholders, including Morgan Stanley and UBS, entering between July 1 and August 26 [2] Group 2: Financial Performance and Strategic Implications - Dongzhu Ecology has been facing financial difficulties, reporting a net loss of 315 million yuan in 2023, which is expected to increase to 630 million yuan in 2024 [3] - In the first three quarters of 2025, the company achieved total revenue of 258 million yuan, a year-on-year decline of 29.78%, with a net loss of 30.24 million yuan [3] - The acquisition of Kairuixingtong, focused on domestic satellite communication technology, was seen as a crucial attempt to cultivate new growth points and expand into the satellite communication and space information technology sectors [3] Group 3: Legal Issues and Financial Liabilities - Dongzhu Ecology is involved in multiple significant lawsuits, indicating difficulties in recovering project payments, including a lawsuit for 320 million yuan against Huai'an Baima Lake Investment Development Co., Ltd. [4] - As of today, the company has reported an additional eight undisclosed lawsuits and arbitration cases totaling 367 million yuan in claims [4] - Previously, the company disclosed a lawsuit involving a construction contract dispute with China Geological Engineering Group, with claims amounting to 552 million yuan [4]

北京商报讯（记者 马换换 李佳雪）1月9日晚间，东珠生态（603359）披露公告称，公司重大资产重组 事项存在较大终止风险。 公告显示，东珠生态原拟以发行股份及支付现金的方式收购凯睿星通信息科技（南京）股份有限公司的 控制权，同时募集配套资金。 东珠生态表示，鉴于市场环境变化等因素，交易各方就本次交易估值等相关商业条款未能达成初步一 致，交易各方正在协商本次交易终止事宜。 ...

Core Viewpoint - Dongzhu Ecological's planned acquisition of Kairuixingtong Information Technology (Nanjing) Co., Ltd. has been halted due to failure to reach preliminary agreement on commercial terms, with parties negotiating termination of the transaction [1]. Group 1: Acquisition Details - The acquisition was initially seen as a strategic move for Dongzhu Ecological to enter the commercial aerospace and general aviation sectors [2]. - On August 26, 2025, Dongzhu Ecological announced a major asset restructuring plan, intending to acquire control of Kairuixingtong through a combination of share issuance and cash payment, along with raising supporting funds [2]. - The board of directors approved related proposals for the acquisition on September 9, 2025 [2]. Group 2: Stock Performance - Dongzhu Ecological's stock resumed trading on September 10, 2025, and experienced a three-day price increase [3]. - In 2025, the stock price of Dongzhu Ecological rose over 72% cumulatively [3]. Group 3: Company Overview - Dongzhu Ecological specializes in ecological restoration and governance, with operations in wetland protection, water environment management, municipal landscape, state-owned forest management, park development, mine restoration, and carbon management [5]. - Kairuixingtong, established in 2011, focuses on satellite mobile communication terminal manufacturing, sales, and related services, including smart unmanned aerial vehicle production [6]. Group 4: Financial Performance - In the first three quarters of 2025, Dongzhu Ecological reported revenue of 258 million yuan, a year-on-year decline of 29.78% [6]. - The company incurred a net loss of 30.24 million yuan and a non-recurring net loss of 30.11 million yuan, both transitioning from profit to loss compared to the previous year [6]. - Dongzhu Ecological is projected to continue facing losses in 2023 and 2024, with net losses of 315 million yuan and 630 million yuan, respectively [6].

1月9日晚间，东珠生态（603359）环保股份有限公司（以下简称"东珠生态"）发布公告，此前筹划的重 大资产重组事项拟终止。 在此前和投资者的交流中，东珠生态也表示，公司主营业务面临较大挑战。公司一直加强应收账款管理 相关工作，专注核心优质市场，稳定主营业务经营。若本次收购能够成功，公司将形成"生态治理"+"卫 星通信"双主业格局，有助于改善上市公司经营状况，提升上市公司的可持续发展的内在动力。 但是，"本次重大资产重组事项以来，公司按照相关法律法规要求，积极组织各中介机构开展对标的公 司的尽职调查以及审计、评估等工作，交易各方对本次重大资产重组交易方案进行了多次协商，但鉴于 市场环境变化等因素，交易各方就本次交易估值等相关商业条款未能达成初步一致，交易各方正在协商 本次交易终止事宜。"东珠生态在公告中称。 公告显示，东珠生态原本计划以发行股份及支付现金的方式收购凯睿星通信息科技（南京）股份有限公 司的控制权，同时拟募集配套资金。如果交易顺利完成，东珠生态将实现战略转型，切入到卫星通信与 空间信息技术领域，打造第二增长曲线，加快向新质生产力转型步伐，增加新的利润增长点，从而进一 步提高上市公司持续盈利能力。 ...

分组1 - China Merchants Bank plans to distribute a cash dividend of approximately 25.548 billion yuan for the first half of 2025, with a per-share dividend of 1.013 yuan (tax included) [1] - Luzhou Laojiao proposes a cash dividend of 13.58 yuan per 10 shares, totaling around 2 billion yuan (tax included) for the mid-2025 profit distribution [3] - Tongfu Microelectronics intends to raise up to 4.4 billion yuan through a private placement to enhance its packaging capacity for storage chips and other emerging applications [2] 分组2 - Xibu Gold announces that its shareholder, Turpan Jinyuan Mining Co., plans to reduce its stake by up to 1% due to funding needs [4] - Jiaoyun Co. is planning a significant asset restructuring by swapping its automotive sales and service assets with the cultural and tourism-related assets of its controlling shareholder [5] - Guo Sheng Technology expects a negative net profit for the fiscal year 2025, leading to a stock resumption after a period of trading suspension [8] 分组3 - North Rare Earth adjusts its first-quarter rare earth concentrate trading price to 26,834 yuan per ton, reflecting a 2.4% increase from the previous quarter [11] - Baotou Steel plans to set the same trading price for rare earth concentrate at 26,834 yuan per ton for the first quarter of 2026, also indicating a 2.4% increase [12] - Wanbangde's subsidiary has been selected for a national major science and technology project for Alzheimer's drug development, which is expected to positively impact its clinical development and long-term business growth [13]