Core Viewpoint - The company is facing scrutiny from the Shanghai Stock Exchange regarding its proposed acquisition of 100% equity in Tongling Fuyue Technology Co., Ltd. for 241 million yuan, with significant concerns raised about the transaction's fairness and potential risks involved [2][3]. Group 1: Acquisition Details - The company received an inquiry letter from the Shanghai Stock Exchange regarding the acquisition, focusing on the fairness of the transaction, as the valuation of the target company shows a 1167.27% increase [2]. - The inquiry highlights the need for the company to justify the selection of evaluation parameters and whether it harms the interests of minority investors [2]. - The company plans to apply for acquisition loans to cover part of the transaction price, raising questions about its cash flow impact [2]. Group 2: Financial Performance - The company's total revenue for the first three quarters of 2025 was 450 million yuan, representing a year-on-year decline of 57.79%, with a net loss attributable to shareholders of 151 million yuan [3]. - The company's stock has experienced unusual fluctuations, with a cumulative price increase exceeding 20% over two consecutive trading days [3]. - The company's price-to-book ratio stands at 7.30, significantly higher than the industry average of 3.09 [3]. Group 3: Business Operations - The company is engaged in the research, production, and sales of large-sized high-efficiency heterojunction photovoltaic cells [4]. - There are concerns regarding the company's ability to achieve expected returns from its recent investment in Guosheng Global New Energy (Tieling) Co., Ltd., which has not yet commenced actual operations [3]. - The uncertainty surrounding the performance commitments related to the acquisition of Tongling Fuyue Technology Co., Ltd. raises additional risks regarding business integration [3].

Group 1 - The company held its 27th meeting of the fifth board of directors on November 25, 2025, via telecommunication voting, with four out of five directors present [2][4] - The board approved a proposal to apply for a comprehensive credit limit of 20 million RMB from Beijing Rural Commercial Bank [3][4] - The board also approved a proposal to acquire 100% equity of Tongling Fuyue Technology Co., Ltd. for 240.6 million RMB [5][6] Group 2 - The company received an inquiry letter from the Shanghai Stock Exchange regarding the acquisition of Fuyue Technology, which includes requests for additional disclosures about the transaction's fairness and the relationship with the counterparties [9][10] - The inquiry letter highlights the evaluation methods used for the acquisition, indicating a significant increase in the assessed value of Fuyue Technology [9][10] - The company is required to respond to the inquiry within five trading days [11] Group 3 - The company announced that its stock experienced abnormal trading fluctuations, with a cumulative price increase exceeding 20% over two consecutive trading days [16][21] - The company confirmed that its operations are normal and that there are no undisclosed significant matters affecting its stock price [17][18] - The company is involved in an external investment project, which may pose liquidity risks due to increased debt [22] Group 4 - The acquisition of Fuyue Technology is expected to enhance the company's core competitiveness and sustainable development capabilities [31][60] - The transaction is structured to not require shareholder approval and does not constitute a related party transaction or a major asset restructuring [30][33] - The company will integrate Fuyue Technology into its consolidated financial statements, potentially increasing revenue and net profit [31][60]

Mergers and Acquisitions - Yun Aluminum Co., Ltd. plans to acquire stakes in subsidiaries from Yunnan Metallurgy, totaling 22.67 billion RMB for 28.7425% of Yun Aluminum Yongxin, 27.3137% of Yun Aluminum Runxin, and 30% of Yun Aluminum Hongxin, resulting in ownership of 96.0766%, 97.4560%, and 100% respectively after the acquisition [1] - Guosheng Technology intends to acquire 100% of Fuyue Technology for 241 million RMB [2] - Puran Co., Ltd. is planning to purchase 49% of Zhuhai Nuoya Changtian Storage Technology through share issuance, currently in the planning stage and not expected to constitute a major asset restructuring [3] Shareholding Changes - Luxiao Technology's controlling shareholder plans to reduce holdings by up to 3%, equating to a maximum of 57.2752 million shares [4] - Longhong Technology's shareholder Liu Wei intends to reduce holdings by up to 2%, which is 305.17 thousand shares [5] - Zhongchen Co., Ltd.'s controlling shareholder plans to reduce holdings by up to 3%, which is 16.4127 million shares [6] - Chenxi Aviation's controlling shareholder plans to reduce holdings by up to 3% of the total share capital through various trading methods [7] Risk Disclosure - Fusenmei announced that its Vice General Manager and Board Secretary Zhang Fengshu is under investigation, but the company’s operations remain normal and unaffected [8]

11月25日，国晟科技（603778）收盘报8.9元/股，再度录得涨停板。这已是该公司股价近12个交易日内的第8次涨停。 | 显示停牌 | 筹码 到价提醒 | | 国晟科技 | | +0.87 | | | --- | --- | --- | --- | --- | --- | --- | | | 设置均线 ~ | | 603778 | | +10.01% | | | 025/3/27-2025/11/25(163根) | | | 已收市 CNY | | 血 目选 + | | | 12 工資 資 | 章 十五 | | 型化 | 100.00% 委差 | 10 43 F | | | | | 937 | 卖五 | | 0 | | | | d 3 | | 壶山 | | 0 | | | | | | | | 0 | | | | | | | | 0 | | | | | 7.08 | | | O | | | | | | | 8.90 | 102390 | | | | | 5.93 | | 8.89 | 824 | | | | | | 25 | 8.88 | 427 | | | | | 4.78 | 2500 | 8.87 | ...

Core Viewpoint - The company, Guosheng Technology, is planning to acquire 100% equity of Fuyue Technology from Zhenghao Technology and Lin Qin for 240.6 million yuan to expand its business and seek new profit growth points [1] Group 1: Acquisition Details - The acquisition involves a cash payment agreement to purchase the entire stake of Fuyue Technology [1] - Upon completion of the transaction, Fuyue Technology will be fully consolidated into Guosheng Technology's financial statements [1] Group 2: Business Focus - Fuyue Technology specializes in the production of high-precision new lithium battery shell materials [1] - The primary customers of Fuyue Technology include several notable companies in the new energy battery sector, such as Molybdenum New Energy Technology, Zhengzhou BAK Battery, and Dongguan Kaide New Energy [1]

国晟科技(603778.SH)发布公告，公司于2025年11月25日收到上海证券交... 国晟科技(603778.SH)发布公告，公司于2025年11月25日收到上海证券交易所下发的《关于对国晟世安 科技股份有限公司收购股权事项的问询函》，要求公司核实并披露关于交易公允性、交易对手方、交易 后续安排以及内幕交易等事项。公司需在5个交易日内回复并披露相关信息。 ...

每日经济新闻 每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 （记者 胡玲） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，2025年11月25日，上交所向国晟科技（SH 603778，收盘价：8.9元）发出问询函：2025年 11月25日，公司公告拟以人民币24,060万元收购铜陵市孚悦科技有限公司（以下简称孚悦科技或标的公 司）100%股权。公司公告称，本次交易不构成关联交易、不构成重大资产重组，也无需提交公司股东 会审议。针对"关于交易公允性。公告显示，本次交易评估采用市场法和收益法两种方法，并最终采用 收益法作为收购孚悦科技股权价值参考依据。以2025年08月31日为评估基准日，孚悦科技的股东全部权 益评估值约2.41亿元，评估增值约2.22亿元，增值率1167.27%。"等情况，上交所提出包括"补充披露收 益法评估下，标的公司评估的主要参数，包括并不限于主营业务收入和成本以及对应预测增长率等。结 合标的公司相关产品的市场空间、竞争格局、技术壁垒、主 ...

每日经济新闻 （记者 胡玲） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，国晟科技（SH 603778，收盘价：8.9元）11月25日晚间发布公告称，公司第五届第二十七 次董事会临时会议于2025年11月25日以通讯表决方式召开。会议审议了《关于收购铜陵市孚悦科技有限 公司100%股权的议案》等文件。 2025年1至6月份，国晟科技的营业收入构成为：光伏行业占比100.31%，园林生态业务占比-0.31%。 截至发稿，国晟科技市值为58亿元。 每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 ...

证券代码：603778 证券简称：国晟科技 公告编号：临 2025-061 国晟世安科技股份有限公司 关于收到上海证券交易所问询函的公告 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。 2.关于交易对手方。公告显示，本次交易对方为铜陵正豪科技有限公司与自 然人林琴。请公司核查并补充披露交易对方及其最终控制方与公司现任、前任实 际控制人、董事及高管是否存在关联关系，是否存在其他利益安排。 3.关于交易后续安排。公告显示，业绩承诺期内的日常经营管理继续由孚悦 科技现管理层负责，公司委派人员不得不当干涉孚悦科技正常的生产经营。同时 截至 2025 年 9 月末，公司账面货币资金 2.73 亿元，本次交易公司将申请并购贷 款支付部分交易对价。请公司:（1）补充披露公司收购孚悦科技后的主要战略规 划，结合竞业协议签署、核心技术人员安排等情况说明公司是否具备有效整合标 的公司的能力；（2）结合本次交易的支付安排和上市公司日常经营所需资金情况， 说明本次交易对公司现金流及流动性的潜在影响。 4.关于内幕交易。公司于 2025 年 11 月 ...

智通财经APP讯，国晟科技(603778.SH)发布公告，公司于2025年11月25日收到上海证券交易所下发的 《关于对国晟世安科技股份有限公司收购股权事项的问询函》，要求公司核实并披露关于交易公允性、 交易对手方、交易后续安排以及内幕交易等事项。公司需在5个交易日内回复并披露相关信息。 ...