Group 1 - Guangdian Electric's wholly-owned subsidiary plans to sell 5.91% stake in Shanghai Winshun Electric Technology Co., Ltd. to Yapp Automotive Parts Co., Ltd. for 62.63 million yuan, aiming to optimize asset structure [1] - Anhui Natural Gas received approval for the registration of 500 million yuan short-term financing bonds and 600 million yuan medium-term notes, valid for two years [1] - Kirin Security received government subsidies totaling 6.48 million yuan, which are related to revenue [2] Group 2 - Junshi Biosciences received approval for two new indications for its self-developed drug, Oncorhynchus monoclonal antibody injection, targeting adult patients with heterozygous familial hypercholesterolemia and non-familial hypercholesterolemia [3] - China Resources Double Crane's subsidiary passed GMP compliance inspection for small and large volume injection production lines [4] - Nanjing Public Utilities' board approved the absorption and merger of its wholly-owned subsidiary, Nanjing Jinguang Industry Co., Ltd. [7] Group 3 - Boya Bio received drug registration certificate for human immunoglobulin (pH4) in the Dominican Republic, valid until August 12, 2029 [8] - Jizhi Co. announced that its controlling shareholder and actual controller committed not to reduce their shareholdings until December 31, 2025 [9] - Yuhua Tian won a bid for the integrated urban management project in Lanzhou City, with a total service subsidy of 353 million yuan [10] Group 4 - Anke Rui obtained five invention patent certificates related to various energy management and control technologies [11] - Kebo Da's wholly-owned subsidiary plans to acquire 100% of Czech IMI Company for approximately 9.43 million euros to enhance global production layout [13] - Yantian Port announced a cash dividend of 1.30 yuan per 10 shares, totaling 676 million yuan [14] Group 5 - Huawang Technology plans to distribute a cash dividend of 0.45 yuan per share and a capital reserve increase of 0.20 shares per share [15] - Kabe Yi established a wholly-owned subsidiary in Japan to enhance its business layout [16] - Dongcheng Pharmaceutical's subsidiary received approval for the marketing of sodium fluoride injection, a PET radiopharmaceutical [18] Group 6 - Huaxin New Materials' subsidiary received two utility model patent certificates for innovative devices [19] - Lingang Steel's new 2290 cubic meter blast furnace has been successfully put into operation [21] - Xinlitai received drug registration certificate for Sacubitril/Valsartan tablets, the first of its kind in China [23] Group 7 - Aike Co.'s subsidiary received project designation notices from multiple clients for electric drive platform components [25] - Tonghe Pharmaceutical received drug registration certificate for Apixaban in South Korea [26] - Junting Hotel signed a cooperation agreement with Choice Hotels for exclusive brand usage in mainland China [28] Group 8 - Guangdong Hongtu plans to establish a wholly-owned subsidiary in Zhengzhou to enhance market layout [30] - Yuheng Pharmaceutical signed a joint promotion agreement for Pemafibrate tablets with Xinghe Pharmaceutical [31] - Chongqing Steel terminated the absorption and merger of its wholly-owned subsidiary, citing strategic advantages of independent operation [33] Group 9 - Jihong Co. announced the listing of its H-shares on the Hong Kong Stock Exchange [34] - Deshi Co. announced plans for shareholders to reduce their holdings by up to 0.3% [36] - Xinhai Medical's subsidiary received medical device registration for a dialysis fluid filter [42]

Core Viewpoint - Donghong Co., Ltd. is divesting its 7.30% stake in Tianjin Pipeline Engineering Group Co., Ltd. to optimize its asset structure and focus on its core business, with the transaction valued at approximately 156 million yuan [2][4]. Group 1: Transaction Details - The stake being sold was acquired through a public bidding process in December 2020 and subsequent capital increases, totaling an investment of about 128 million yuan [2]. - The sale price of 156 million yuan indicates that Donghong Co., Ltd. did not realize a profit from this transaction when considering the cost of funds [2]. Group 2: Financial Performance of Pipeline Group - In 2023, the Pipeline Group reported revenues of 4.924 billion yuan and a net profit of 372 million yuan, while for the first five months of 2024, revenues were 781 million yuan with a net profit of 90.05 million yuan [2]. - A significant decline in net profit is expected for 2024, with projections indicating a drop compared to 2023, alongside anticipated losses in the latter half of the year [3]. Group 3: Donghong Co., Ltd. Business Overview - Donghong Co., Ltd. specializes in engineering pipelines and related services, having been listed on the A-share market in November 2017 [4]. - From 2017 to 2020, the company experienced stable growth, with revenues increasing from 1.506 billion yuan to 2.393 billion yuan, and net profit more than doubling from 122 million yuan to 319 million yuan [4]. - However, since 2021, the company has faced challenges, with revenues fluctuating and not showing significant growth compared to 2020 levels, and net profits remaining below 2020 figures [5]. Group 4: Recent Financial Trends - In the first quarter of this year, Donghong Co., Ltd. reported revenues of 521 million yuan and a net profit of 42.83 million yuan, reflecting year-on-year declines of 19.08% and 17.78%, respectively [5]. - As of the end of the first quarter, the company's accounts receivable stood at 1.119 billion yuan, accounting for 44.11% of current assets, indicating a relatively high level [5].

Transaction Overview - Shandong Donghong Pipe Industry Co., Ltd. plans to transfer its 7.296% stake in Tianjin Pipeline Engineering Group Co., Ltd. to Tianjin Water Group Co., Ltd. for a price of RMB 156,191,068.00 [1][2] - After the transaction, the company will no longer hold any shares in the pipeline group [1][2] - The transaction has been approved by the company's board and does not require shareholder approval [1][2] Counterparty Information - Tianjin Water Group Co., Ltd. is a limited liability company with a registered capital of RMB 800 million, established on January 12, 2016 [3] - The company is responsible for the management of urban water assets and related services within the city [3] Target Company Information - Tianjin Pipeline Engineering Group Co., Ltd. is a limited liability company with a registered capital of RMB 63,225.9 million, established on April 4, 1985 [4][5] - The company is primarily engaged in construction engineering, water supply, and environmental services [4][5] Financial Information of the Target Company - As of March 31, 2025, the total assets of the pipeline group were RMB 6,855,566.30 million, with total liabilities of RMB 5,008,896.70 million and owner's equity of RMB 1,846,669.60 million [5] - For the first quarter of 2025, the pipeline group reported operating income of RMB 249,867.71 million and a net profit of RMB 6,471.75 million [5] Valuation and Pricing - The transaction price was determined based on a fair valuation conducted by Beijing Zhongqi Hua Asset Appraisal Co., Ltd., which assessed the market value of the pipeline group's equity as of May 31, 2024 [8] - The net asset book value of the pipeline group was RMB 116,532.26 million at the time of the assessment [8] Impact of the Transaction - The transaction is expected to help the company focus on its core business, optimize resource allocation, and improve competitiveness [10] - The transfer will enhance the company's cash flow and align with its operational development plan [10]

证券代码：603856 证券简称：东宏股份 公告编号：2025-029 山东东宏管业股份有限公司 关于转让参股公司股权的公告 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： 山东东宏管业股份有限公司（以下简称"公司"）拟将持有的天津市管 道工程集团有限公司（以下简称"管道集团"）7.296%的股权转让给天津水务集 团有限公司（以下简称"水务集团"），转让价格为人民币 156,191,068.00 元。 本次交易完成后，公司将不再持有管道集团的股权。 本次交易不构成关联交易。 本次交易不构成重大资产重组。 本次交易已经公司于 2025 年 5 月 26 日召开的第四届董事会第十九次会 议审议通过，无需提交股东大会审议。 其他需要提醒投资者重点关注的风险事项： 本次交易尚未签署正式协议，公司将根据交易进展情况及时履行信息披露义 务，敬请广大投资者注意投资风险，理性投资。 一、交易概述 为进一步优化资产结构与资源配置，公司拟与水务集团签订协议，将持有的 管 道 集 团 7.296% 股 权 全 部 转 让 给 水 务 ...

Summary of Key Points Core Viewpoint - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025, focusing on market expansion, cost control, and profit growth strategies in response to investor inquiries [1][2]. Group 1: Company Performance and Strategy - In 2024, the company achieved a net profit attributable to shareholders of 169.24 million yuan, and for the first quarter of 2025, the net profit was 42.83 million yuan [3]. - The company plans to enhance its core competitiveness and profitability through improved operational management, increased market development efforts, and deeper customer collaboration [3][4]. - The company aims to optimize production capacity and efficiency while reducing production costs to enhance profit margins [3]. Group 2: Industry Context and Opportunities - The pipe industry is experiencing steady growth driven by policy support, technological advancements, and market demand [4][5]. - In 2024, national water conservancy construction investment reached a historical high of 1,352.9 billion yuan, with 41 major projects initiated and 46,967 water conservancy projects implemented, reflecting a year-on-year growth of 12.8% [4][5]. - The company is positioned to benefit from favorable policies and market conditions, aiming to become a leading provider of comprehensive solutions for large-scale pipelines and urban lifelines [5].

证券代码：603856 证券简称：东宏股份 公告编号：2025-028 山东东宏管业股份有限公司 关于 2024 年度暨 2025 年第一季度 业绩说明会召开情况的公告 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。 3.问：请问贵公司本期财务报告中，盈利表现如何？ 答：尊敬的投资者您好，感谢您对我公司的关心与支持。就您关心的问题作 出以下说明：公司 2024 年实现归母净利润 16,923.84 万元，2025 年一季度实现 归母净利润 4,283.04 万元。未来公司将持续做好经营管理工作，不断增强公司 的核心竞争力和盈利能力。 一、本次说明会召开情况 山东东宏管业股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日发布 了《关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告》，并通过上证路 演中心网站"提问预征集"栏目以及邮件等方式提前征集投资者所关注的问题。 公司于 2025 年 5 月 16 日上午 10:00-11:30 以视频录播和网络互动的方式召 开了 2024 年度暨 2025 年 ...

Group 1 - The emphasis on urban renewal actions has increased from "vigorously implement" to "intensify implementation," indicating a stronger governmental focus on this initiative [2] - Urban renewal actions are expected to release rigid and improved housing demand, positively impacting the consumption of building materials [2] - The renovation of urban villages and dilapidated housing is anticipated to create new housing demand, further boosting the consumption of waterproofing materials, coatings, and gypsum boards [2] Group 2 - Xinxing Ductile Iron Pipes, a leading company in the domestic ductile iron pipe industry, is expected to benefit from urban pipeline renovation and water conservancy facility construction [3] - Donghong Co., a leading consumer building materials company, primarily collaborates with state-owned enterprises and local governments, positioning it well for upcoming projects [4]

2024 2025 232 " " 2024 " " 2025 5 15 6 " " " " " " " " 2024 " " 90 " " 2025 4 23 2025 4 25 2025 5 15 15 00 6 9:15-9:25 9:30-11:30 13:00-15:00 9:15-15:00 172,146,583 61.0327% 1 5 170,778,503 60.5477% 2 85 1,368,080 0.4850% 5% " " 88 9,694,680 3.4371% 2024 171,846,583 99.8257% 287,100 0.1667% 12,900 0.0076% 2024 171,844,983 99.8248% 287,100 0.1667% 14,500 0.0085% 2024 171,846,583 99.8257% 287,100 0.1667% 12,900 0.0076% 2024 171,846,583 99.8257% 287,100 0.1667% 12,900 0.0076% 2025 171,854,283 99.8302% 287,100 ...

证券代码：603856 证券简称：东宏股份 公告编号：2025-026 山东东宏管业股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 为进一步加强与投资者的互动交流，山东东宏管业股份有限公司（以下简称 "公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司 联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路 演 APP，参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。 届时公司高管将在线就公司 2024 年度及 2025 年第一季度业绩、公司治理、发展 战略、经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投 资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 山东东宏管业股份有限公司 2025 年 5 月 13 日 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 ...