Core Viewpoint - The acquisition of *ST Yazhen by new controlling shareholder Wu Tao is progressing smoothly, with a significant portion of shares already accepted for the offer, indicating a consolidation of control and potential future growth for the company [1][2]. Group 1: Acquisition Details - As of July 2, a total of 53.77 million shares, representing 20.46% of the company's total equity, have been accepted for the offer initiated by Wu Tao [1]. - Wu Tao's acquisition involves two parts: a share transfer agreement and a public offer, with the latter showing positive progress [2]. - The share transfer agreement was signed on April 17, with the transfer of 29.99996% of shares completed on May 29 at a price of 5.68 yuan per share [1]. Group 2: Market Performance - From June 17 to June 26, *ST Yazhen's stock price increased by 29.43%, significantly deviating from the Shanghai Composite Index and the furniture manufacturing sector due to a suspension for verification [2]. - The company's latest market capitalization reached 4.464 billion yuan, influenced by the expectations surrounding Wu Tao and his company, Yuxiao Group [2]. Group 3: Background of Wu Tao - Wu Tao, born in September 1970, is the legal representative and chairman of Yuxiao Group, which he controls 80% of, with a registered capital of 200 million yuan [2]. - Yuxiao Group, established in 1995, specializes in the mining and utilization of various mineral resources, with net assets exceeding 10 billion yuan by the end of 2024 [2]. Group 4: Related Company Developments - Wu Tao previously acquired shares in *ST Youjiu, becoming the largest shareholder and later serving as a non-independent director [3]. - *ST Youjiu has since changed its name to Shanghai Yuxiao Rare Earth Co., Ltd., focusing on mining and trading [3]. - The company faced shareholder dissatisfaction due to numerous related party transactions, with significant opposition to a proposed 1.033 billion yuan related transaction in 2024 [3].

Core Viewpoint - *ST亚振 has completed its stock verification process and will resume trading on July 4, 2025, after a significant price deviation in its stock price [1][2][3] Group 1: Stock Performance and Verification - The stock price of *ST亚振 experienced a cumulative increase of 29.43% from June 17 to June 26, leading to the verification process [3] - The company reported a total revenue of 202 million yuan for the fiscal year 2024, with a net loss attributable to shareholders of 117 million yuan [3] - The stock was under risk warning since May 6, 2025, due to financial performance issues, including a net profit loss exceeding 100 million yuan [3] Group 2: Shareholder Changes and Offer - The controlling shareholder has changed to Wu Tao, with the actual controller now being Wu Tao instead of the previous group [4] - Wu Tao has initiated a partial tender offer to acquire 21% of the company's shares at a price of 5.68 yuan per share, significantly lower than the recent trading price of 16.99 yuan [4][5] - As of July 2, 2025, a total of 53.77 million shares have been tendered, representing 20.46% of the total share capital [5] Group 3: Company Background and Recent Developments - *ST亚振 is a furniture manufacturing company engaged in the design, production, and sales of mid-to-high-end furniture products [6] - The stock price has surged over 260% since hitting a low of 4.45 yuan per share on April 8, 2025, with 23 trading days experiencing price limits [6][8] - The recent price increase is attributed to the planned change in control, with a significant share transfer agreement completed on May 30, 2025 [8]

Core Viewpoint - *ST Yazhen's stock was suspended for verification due to a significant price deviation, with a cumulative increase of 29.43% from June 17 to June 26, which raised concerns about investor interests [3]. Group 1: Financial Performance - The company's projected total revenue for 2024 is 202 million yuan, with a net loss attributable to shareholders of 117 million yuan, and a net loss of 116 million yuan after excluding non-recurring gains and losses [3]. - For Q1 2025, the company reported an unaudited total revenue of 40.68 million yuan and a net loss attributable to shareholders of 21.31 million yuan [4]. Group 2: Stock and Control Changes - The controlling shareholder has changed to Wu Tao, with the actual controller shifting from Gao Wei and others to Wu Tao [5]. - Wu Tao has initiated a partial tender offer to acquire 21% of the company's shares at a price of 5.68 yuan per share, significantly lower than the recent closing price of 16.99 yuan per share [5]. - As of July 2, 2025, the total number of shares tendered in the offer reached 53.77 million, accounting for 20.46% of the company's total shares [6]. Group 3: Stock Performance and Market Activity - *ST Yazhen's stock has experienced a dramatic increase of over 260% since hitting a low of 4.45 yuan per share on April 8, with 23 out of 45 trading days resulting in price limits [7]. - The stock's surge is attributed to the planned change in control, with a significant share transfer agreement signed on April 17, involving approximately 29.99996% of the shares [9].

Group 1: Company Announcements - China Merchants Bank has received approval to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan, aimed at market-oriented debt-to-equity swaps and equity investment pilot projects [3] - Aerospace Chengtong has had its qualification for military material engineering service procurement restored after completing internal investigations and appeals [4] - Funiu Co.'s controlling shareholder has obtained a loan commitment of up to 162 million yuan from Bank of China Fujian Branch to increase its stake in the company [5] - Jiete Bio plans to establish a partnership fund with a total investment of 50.01 million yuan, focusing on early and mid-stage biopharmaceutical projects [6] - ST Yazhen's stock will resume trading on July 4 after completing a review due to a significant price deviation [7] - Xingxin New Materials intends to invest approximately 800 million yuan in a project to produce 153,000 tons of polyolefin amine series products in the China-Malaysia Qinzhou Industrial Park [8] - Changling Hydraulic's controlling shareholder is planning a change in control, leading to a temporary suspension of trading [9] - Xinda Real Estate's affiliate will provide up to 240 million yuan for asset renovation projects, with a 7-year term and a 5% annual interest rate [10] Group 2: Major Contracts - China Electric Power Construction has signed a mining transportation project contract worth approximately 5.063 billion yuan in Guinea, with a total project duration of about 72 months [12] - China Oil Engineering's subsidiary has signed a contract worth 294 million USD (approximately 2.122 billion yuan) for the Atawi GMP pipeline project in Iraq, which will positively impact future revenues and profits [13] - Boshi Co. has entered into an outsourcing service contract with China National Petroleum Corporation, valued at 109 million yuan over a 3-year period [14] Group 3: Performance Updates - Poly Developments reported a 30.95% year-on-year decrease in June contract amount to 29.011 billion yuan, with a total of 145.171 billion yuan for the first half of the year, down 16.25% [16] - Huayin Power expects a net profit increase of 175 to 215 million yuan for the first half of 2025, driven by increased power generation and reduced fuel costs [17]

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-049 亚振家居股份有限公司 关于吴涛先生要约收购公司股份的第三次提示性公告 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： 本次要约收购期限内最后三个交易日，即 2025 年 7 月 7 日、2025 年 7 月 8 日和 2025 年 7 月 9 日，预受要约股份不可撤回。 公司于 2025 年 6 月 6 日披露了《亚振家居股份有限公司要约收购报告书》 （以下简称"要约收购报告书"）等相关公告。收购人向除收购人及其一致行动 人之外的全体股东所持有的无限售流通股发出部分要约，拟收购数量为 55,177,920 股，占公司总股份比例为 21.00%，要约收购价格为 5.68 元/股。公司 现就本次要约收购的有关情况做如下提示： 1 本公告为吴涛先生（"收购人"）要约收购亚振家居股份有限公司（以下简 称"*ST 亚振"或"公司"）股份的第三次提示性公告。 预受要约申报编号：706033 申报简称：亚振收购 要约收购支付方式：现金 要约收购价格： ...

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-048 重要内容提示： 证券停复牌情况：适用 因重大事项,亚振家居股份有限公司（以下简称"公司"）的相关证券复牌情 况如下： | | | 公司股票于2025年6月17日至6月26日收盘价格涨幅偏离值累计达到29.43%。 公司股票短期涨幅与同期上证指数、家具制造业存在严重偏离。为维护投资者利 益，公司就股票交易情况进行了核查。公司郑重提醒广大投资者，公司股价可能 存在短期涨幅较大后下跌的风险，请投资者务必充分了解二级市场交易风险，切 实提高风险意识，理性决策、审慎投资。 生产经营风险。公司 2024 年度经审计的扣除非经常性损益后的净利润为负值， 且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，触及《上海证券交易所股票上市规则》第 9.3.2 条第一款第（一）项规定， 公司股票于 2025 年 5 月 6 日起实施退市风险警示。公司 2025 年第一季度营业总 收入为 4,067.57 万元（未审计），归属于上市公司股东的净利润为-2,131.38 万元， 归属于上市公司股东的扣除非经常性损益的净利润为-2,0 ...

*ST亚振（603389）发布股票交易停牌核查结果暨复牌公告，公司股价于2025年6月17日至6月26日收盘 价格涨幅偏离值累计达到29.43%。公司股票短期涨幅与同期上证指数、家具制造业存在严重偏离。为 维护投资者利益，公司就股票交易情况进行核查。经申请，公司股票自2025年6月27日(星期五)开市起 停牌，自披露核查公告后复牌，停牌时间不超过5个交易日。近日，公司就相关事项进行了核查。鉴于 相关核查工作已完成，经申请，公司股票将于2025年7月4日(星期五)开市起复牌。 ...

*ST亚振：核查工作已完成 股票复牌 金十数据7月3日讯，*ST亚振公告，公司股票于6月17日至6月26日收盘价格涨幅偏离值累计达到 29.43%，为维护投资者利益，公司进行了核查。核查工作已完成，公司股票将于7月4日复牌。公司 2024年度扣除非经常性损益后的净利润为负值，且扣除与主营业务无关的业务收入和不具备商业实质的 收入后的营业收入低于3亿元，实施退市风险警示。此外，公司控股股东变更为吴涛，实际控制人由高 伟、户美云、高银楠变更为吴涛。 ...

New Stock Offerings - Jichuan Pharmaceutical (600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - *ST Yazhen (603389) has a tender offer period from June 10, 2025, to July 9, 2025[1] - Zhongcheng Tui (300208) has 11 trading days remaining until the last trading day[1] Delisting and Trading Reminders - Tui Shi Jin Gang (600190) has 11 trading days remaining until the last trading day[1] - Hengli Tui (000622) is in the delisting arrangement period with 8 trading days remaining[1] - Tui Shi Jiu You (600462) has 7 trading days remaining until the last trading day[1] Market Volatility - Beifang Changlong (301357) reported severe abnormal fluctuations[1] - Multiple companies, including Jichuan Pharmaceutical and *ST Yazhen, are under scrutiny for trading anomalies[1]

Core Viewpoint - The ST sector has shown strong performance recently, with the Wind ST Index recording a "seven consecutive days of gains" and significant year-to-date increases in several ST stocks, indicating a structural market trend despite inherent risks in investing in ST stocks [1][3][10]. Group 1: Recent Performance - The Wind ST Index has achieved a cumulative increase of 4.74% since June 23, outperforming both the Shanghai Composite Index and the Shenzhen Component Index during the same period [3]. - Over 80% of the 172 constituent stocks in the ST Index have risen since June 23, with 41 stocks increasing by more than 10% [5]. - Year-to-date, some ST stocks have seen remarkable gains, with *ST Yushun and *ST Xintong rising over 370% and 280% respectively [1][9]. Group 2: Notable Stocks - Specific ST stocks have shown exceptional performance, with *ST Yushun and *ST Xintong both exceeding 400% in gains from their lowest prices this year [8]. - A list of notable ST stocks with significant year-to-date increases includes *ST Yushun (372.19%), *ST Xintong (284.36%), and ST Dihui (107.46%) [9]. Group 3: Market Dynamics - The recent strong performance of the ST sector is attributed to the overall robust trend in the A-share market and expectations of restructuring or "delisting" for some ST stocks [10]. - The adjustment of the price fluctuation limit for risk-warning stocks from 5% to 10% is expected to enhance pricing efficiency and market order [10]. Group 4: Structural Risks - Despite the recent gains, the ST sector remains structurally risky, with nearly 30 ST stocks experiencing declines in the last seven trading days, and 82 out of 172 ST stocks down year-to-date [12]. - Companies within the ST sector, even those with rising stock prices, frequently issue risk warnings, indicating ongoing concerns about potential delisting and regulatory scrutiny [12].