Core Viewpoint - The renovation and building materials sector experienced a slight increase, with the index closing at 14,075.20 points, reflecting a change of 0.31% [1] Group 1: Stock Performance - Filinger's stock closed at 18.96 CNY per share, with an increase of 6.58%, leading the renovation and building materials stocks [1] - *ST Yazhen's stock closed at 24.86 CNY per share, with an increase of 4.98%, ranking second among renovation and building materials stocks [1] - Oppein Home's stock closed at 52.97 CNY per share, with an increase of 2.68%, ranking third in the sector [1] - Huaci's stock closed at 14.44 CNY per share, with a decrease of 4.31%, leading the decline in renovation and building materials stocks [1] - Songlin Technology's stock closed at 28.41 CNY per share, with a decrease of 3.66%, ranking second in the decline [1] - *ST Songfa's stock closed at 45.90 CNY per share, with a decrease of 2.94%, ranking third in the decline [1] Group 2: Industry Trends - The furniture and home furnishing industry in China has experienced a trend of rising revenue and profits followed by a decline [1] - Exporting companies are currently in the phase of channel and brand expansion overseas, with a significant recovery in export value after a decline in 2022 [1] - Growth factors include a rebound in market demand, trends in whole-house customization and smart home technology, and the promotion of cross-border e-commerce [1] - Future growth in export value of Chinese furniture and home furnishing products will be driven by technological innovation, quality improvement, and the internationalization of brands [1]

Core Viewpoint - The company *ST Yazhen plans to acquire 51% of Guangxi Zirconium Industry Technology Co., Ltd. for a transaction price of 55.45 million yuan, aiming to gain control over the target company and expand into the zirconium-titanium mining sector, thereby improving operational conditions and diversifying its business [1][1][1] Group 1 - The acquisition will allow the company to gain control over Guangxi Zirconium Industry Technology Co., Ltd. [1] - The transaction price for the acquisition is set at 55.45 million yuan [1] - The company aims to enhance profitability and mitigate operational risks through this strategic move [1][1] Group 2 - The company intends to diversify its operations moderately by entering the zirconium-titanium mining field [1] - The company will carefully arrange the integration process post-acquisition [1] - The focus will be on strengthening risk management related to diversified operations [1]

Core Viewpoint - The company *ST亚振 announced its intention to acquire a 51% stake in Guangxi Zhaoye Technology Co., Ltd. from Hainan Zirconium Titanium Resources Holdings Group Co., Ltd. for approximately 55.449 million yuan [2]. Group 1 - The transaction does not constitute a related party transaction [2]. - The acquisition does not fall under the definition of a major asset restructuring as per the "Measures for the Administration of Major Asset Restructuring of Listed Companies" [2]. - The transaction is subject to approval from the shareholders' meeting, and there are no significant legal obstacles to its implementation [2].

（记者 王晓波） 每经头条（nbdtoutiao）——"我们也深陷残酷价格战"！德资巨头中国区高管警告：智驾绝不能免费， 否则会给全行业带来灾难 每经AI快讯，*ST亚振（SH 603389，最新价：24.86元）8月1日晚间发布公告称，公司第五届第八次董 事会会议于2025年8月1日在公司三楼会议室以现场结合通讯方式召开。会议审议了《关于现金收购广西 锆业科技有限公司51%股权的议案》等文件。 2024年1至12月份，*ST亚振的营业收入构成为：家居行业占比95.88%，其他业务占比4.12%。 ...

Group 1 - The Shanghai Stock Exchange has taken regulatory measures against 270 cases of abnormal trading behaviors, including price manipulation and false declarations [1] - Specific stocks such as *ST Yazhen, Xiwai New Materials, Tibet Tourism, and Southern Road Machinery are under close monitoring due to significant abnormal price fluctuations [1] - The exchange has conducted special investigations into 18 major corporate events and reported 2 suspected illegal cases to the China Securities Regulatory Commission [1]

Group 1 - The company held its fifth board meeting on August 1, 2025, with all five directors present, and the meeting was conducted in accordance with relevant laws and regulations [1] - The board unanimously approved a cash acquisition of 51% equity in Guangxi Zirconium Industry Technology Co., Ltd. for RMB 55.448985 million to facilitate the company's business transformation [1][2] - The acquisition proposal has been reviewed by the company's strategic committee and will be submitted for approval at the 2025 first extraordinary general meeting [2] Group 2 - The company plans to provide guarantees for Guangxi Zirconium Industry Technology Co., Ltd. as a prerequisite for the acquisition, ensuring the stability and creditworthiness of the target company [2] - The guarantee proposal also requires approval at the upcoming extraordinary general meeting [2] - The board has proposed to convene the 2025 first extraordinary general meeting, which has also received unanimous support [3]

Core Viewpoint - The company is experiencing unusual stock price fluctuations and is in the process of acquiring a 51% stake in Guangxi Zirconium Industry, which involves several approval processes that carry uncertainty [1][2][3] Stock Trading Abnormalities - The company's stock price has deviated by a cumulative increase of 12% over three consecutive trading days, indicating abnormal trading activity [1][2] - The stock's deviation from the market index is noted to be 17.12% [4] Acquisition Details - The company plans to acquire a 51% stake in Guangxi Zirconium Industry from Hainan Zirconium Titanium Resources Holding Group for a transaction price of 55.448985 million [2][3] - The acquisition is subject to multiple approval processes, including the release of asset pledges and shareholder meeting approvals, which introduces uncertainty regarding the timing and success of the transaction [1][3] Financial Performance - The company anticipates a net loss attributable to shareholders ranging from -39.5 million to -33 million for the first half of 2025, with a net profit excluding non-recurring items expected to be between -38 million and -32 million [1][4] - The company confirms that its production and operational activities are currently normal, with no significant changes in the market environment or internal operations [2][4] Risk Factors - The company emphasizes the importance of investor awareness regarding the risks associated with stock trading and the uncertainties surrounding the acquisition process [1][3][4] - There are no undisclosed significant matters or risks identified by the company or its controlling shareholders that could affect stock price fluctuations [2][3]

Group 1 - The company held its seventh meeting of the fifth supervisory board, which was chaired by Mr. Wu Dejun, and all three supervisors attended the meeting, with one participating via remote voting [1] - The supervisory board unanimously approved a resolution regarding the cash acquisition of 51% equity in Guangxi Zirconium Technology Co., Ltd., which will be submitted to the company's first extraordinary general meeting of shareholders in 2025 for review [2] - The supervisory board also approved a resolution for the company to provide guarantees for Guangxi Zirconium Technology Co., Ltd., which will similarly be submitted to the first extraordinary general meeting of shareholders in 2025 for review [2]

Meeting Overview - The company will hold a shareholder meeting on August 18, 2025, at 14:00 in Jiangsu Province, Nantong City [5] - The meeting will utilize the Shanghai Stock Exchange's online voting system for shareholder participation [5][6] - Shareholders can vote through both on-site and online methods [5] Voting Procedures - Voting will be conducted via the Shanghai Stock Exchange's online voting system, with specific time slots for participation [5][6] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [6] - The first voting result will be considered valid in case of multiple votes for the same resolution [6] Shareholder Rights - Only shareholders registered by the close of trading on August 12, 2025, are eligible to attend the meeting [6] - Shareholders can appoint proxies to attend and vote on their behalf [6][8] Agenda Items - The meeting will review non-cumulative voting proposals, including a cash acquisition of 51% equity in Guangxi Zirconium Technology Co., Ltd. [9] - The proposals have been approved by the company's board and supervisory committee [4] Registration Details - Registration for the meeting must be completed by August 15, 2025, with specific documentation required [6][8] - The registration will take place at the company's secretariat office [8]

Group 1 - The company plans to acquire 51% equity of Guangxi Zirconium Industry Technology Co., Ltd. for a transaction price of 55.448985 million yuan, which represents a 3.44% premium over the asset's book value [1][2][12] - The acquisition is part of the company's strategy to diversify its business into the zirconium and titanium ore mining sector, which is expected to improve operational performance and profitability [3][24] - The transaction requires approval from the shareholders' meeting and is not classified as a major asset restructuring under relevant regulations [1][4] Group 2 - Guangxi Zirconium Industry primarily engages in zirconium and titanium ore mining, with an annual production capacity of 600,000 tons [8][9] - The company reported a total revenue of 127.315 million yuan for the first five months of 2025, with significant contributions from titanium concentrate and zircon sand [9][10] - The industry is characterized by a reliance on imports for high-grade titanium ore, with China importing 504.90 million tons of titanium ore in 2024, reflecting an 18.75% year-on-year increase [9][10] Group 3 - The transaction includes performance guarantees, with the seller committing to a cumulative net profit of no less than 65 million yuan for the years 2025 to 2027 [2][21] - The company will face challenges in integrating the operations and management of the acquired business due to differences in business types and corporate culture [2][24] - The acquisition is expected to mitigate risks associated with the company's core furniture business, which is currently under pressure from market conditions [3][24]