Core Viewpoint - Suzhou Jinhongshun Automotive Parts Co., Ltd. has announced the termination of its major asset restructuring plan to acquire 95.79% of New Thinking Motor Co., Ltd. This marks the fourth failed restructuring attempt in five years for the company, which aimed to transition towards electrification and intelligence in the automotive sector [1][5]. Group 1: Termination of Restructuring - The company has decided to terminate the acquisition of New Thinking after thorough discussions and negotiations with relevant parties, as no consensus on the final transaction plan was reached [2][3]. - The termination of this transaction will not adversely affect the company's existing operations, financial status, or strategic development [3]. Group 2: Company Background and Financials - Jinhongshun primarily engages in the development, production, and sales of automotive body and chassis stamping parts and related molds [3]. - The company reported a revenue of 1.27 billion yuan in Q1 2025, with a net profit of 3.57 million yuan, recovering from a loss of 16.4 million yuan in the same period last year [6]. Group 3: New Thinking Motor Co., Ltd. - New Thinking, founded in 2014, is a leading company in the micro-drive motor sector, with products used in smartphones, security monitoring, and automotive electronics [4]. - The company reported revenues of 465 million yuan in 2022, 879 million yuan in 2023, and 975 million yuan from January to August 2024, with a projected total output value of 1.6 billion yuan in 2024 [4].

Core Viewpoint - Jin Hongshun's restructuring plan to acquire a 95.79% stake in New Thinking Motor Co., Ltd. has been terminated due to a lack of consensus among the parties involved, marking the fourth failed attempt at mergers and acquisitions in five years [1][5]. Group 1: Company Overview - Jin Hongshun (603922.SH) was listed in 2017 and primarily engages in the development, production, and sales of automotive body and chassis stamping parts and related molds [2]. - The company has faced continuous losses in net profit excluding non-recurring items for six consecutive years since 2019, largely due to challenges in the traditional automotive industry [2]. Group 2: Industry Context - The traditional automotive sector is experiencing a downturn due to the impacts of electrification, connectivity, and intelligence, leading to decreased market demand and intensified competition [2]. - The rapid development of new energy vehicles is driving a transformation in the automotive industry, resulting in a "white-hot" competitive environment and reduced profit margins for upstream component manufacturers [2]. Group 3: Acquisition Details - New Thinking Motor, founded in 2014, specializes in the design, development, production, and sales of micro automatic focusing voice coil motors and other types of motors, and is recognized as a leading supplier in China [1][3]. - The company reported revenues of 465 million yuan, 879 million yuan, and 975 million yuan for the years 2022, 2023, and the first eight months of 2024, respectively, with a projected total output value of 1.6 billion yuan in 2024 and 2 billion yuan in 2025 [2][3]. Group 4: Impact of Termination - The termination of the acquisition is stated to have no significant adverse effects on Jin Hongshun's existing operations, financial status, or strategic development [5]. - This marks the fourth failed merger or acquisition attempt for Jin Hongshun in five years, with previous attempts including the acquisition of Huibo Yuntong Technology Co., Ltd. and other ventures that also did not materialize [5][6].

Company Announcements - Jihua Group's existing product system does not involve brain-computer interface related fields [1] - Prit's plan to invest 1 billion yuan to build a plastic modification materials headquarters and R&D manufacturing base in South China [1][2] - Lian De Equipment won a contract worth 157 million yuan for BOE's 8.6 generation AMOLED production line project [1][2] - Jiadu Technology plans to issue shares (H-shares) overseas and list on the Hong Kong Stock Exchange [1][2] - Longdi Group intends to acquire no more than 20.1667% equity in Jujia Technology [1][4] - New Zhonggang plans to repurchase shares worth 40 million to 80 million yuan [1][4] - Xiaogoods City expects a net profit increase of 12.57% to 17.40% in the first half of the year [1][4] - Sinopec Capital plans to reduce its holdings by no more than 3.5256 million shares in Haizheng Materials through block trading [1][4] - Lihua Co., Ltd. intends to reduce its holdings by no more than 3.00% [1][4] - Zhimin Da plans to raise no more than 213 million yuan through a private placement [1][5] - Xiangtong Co. plans to issue corporate bonds not exceeding 4 billion yuan [1][5] Performance Forecasts - Hanyu Pharmaceutical expects a half-year profit of 142 million to 162 million yuan, turning a profit compared to the previous year [4] - Taotao Automotive anticipates a net profit increase of 70.34% to 97.81% in the first half of the year [4] - Weichai Heavy Machinery expects a net profit increase of 40% to 60% in the first half of the year [4] Shareholding Changes - Lihua Co., Ltd.'s actual controller Cheng Lili and his concerted actors plan to reduce their holdings by no more than 3.00% [4] - He Shi Eye Hospital's Advanced Manufacturing Fund plans to reduce its holdings by no more than 2% [4] - Haitan Ruisheng's shareholder He Lin and his concerted actors plan to reduce their holdings by no more than 2.9463% [4] - Sinopec Capital plans to reduce its holdings by no more than 3.5256 million shares in Haizheng Materials [4] Other Announcements - Zhimin Da plans to raise no more than 213 million yuan through a private placement [5] - Yuyuan Co. plans to issue corporate bonds not exceeding 40 billion yuan [5] - Jinhongshun has terminated the planning of a major asset restructuring [5]

Mergers and Acquisitions - Yanpai Co., Ltd. plans to acquire 100% equity of TTL and TTL Management Company for approximately €2.9 million, focusing on industrial textile solutions for B2B clients [1] - Landi Group intends to purchase up to 20.17% equity of Ningbo Jujia New Materials Technology Co., Ltd. for a total price not exceeding ¥121 million, as the company specializes in high-performance LCP fiber production [3] Asset Restructuring - Jinhongshun announced the termination of its major asset restructuring plan to acquire 95.79% of New Thinking Motor Co., Ltd. through share issuance and cash payment [2] Shareholding Changes - Haitai Ruisheng's controlling shareholder, He Lin, and his concerted party Zhongyi An plan to reduce their holdings by up to 2.95%, totaling no more than 177.74 million shares [4] - Silan Microelectronics' shareholder, Luo Huabing, plans to reduce his holdings by no more than 500,000 shares, representing up to 0.03% of the company's total equity [5] - Haizheng Shengcai's major shareholder, Sinopec Capital, intends to reduce its holdings by up to 1.74%, totaling no more than 3.5256 million shares [6] Operational Updates - Haiyang Wang confirmed that its operational status is normal and there are no undisclosed significant matters, despite a stock price fluctuation exceeding 20% [7] - Neimeng Yijian reported that its main business has not undergone significant changes, and the external market environment remains stable [10]

Core Viewpoint - Jin Hongshun has decided to terminate its major asset restructuring plan, indicating a failure to establish a "second growth curve" through the acquisition of New Thinking Electric Co., Ltd. [2][12] Group 1: Restructuring Plan Details - Jin Hongshun announced on October 23, 2024, its intention to acquire 95.79% of New Thinking's shares through a combination of issuing shares and cash payments, which was expected to constitute a major asset restructuring [7]. - The company engaged intermediaries to conduct due diligence, preliminary audits, and evaluations regarding the restructuring plan, but ultimately failed to reach a consensus on the final transaction scheme [8][9]. - The termination of the transaction will not significantly impact Jin Hongshun's existing operations, financial status, or strategic development [13]. Group 2: New Thinking's Business Performance - New Thinking is a leading player in the micro-drive motor sector, involved in the research, production, and sales of micro-drive motors, with applications in smartphones, handheld imaging, low-altitude economy, security monitoring, and automotive electronics [13]. - New Thinking's unaudited revenue figures for 2022, 2023, and the first eight months of 2024 were 465 million, 879 million, and 975 million respectively, with net profits of -229 million, 7.27 million, and 93.18 million [15]. - As of August 31, 2024, New Thinking's total assets were 1.73 billion, total liabilities were 1.08 billion, and total equity was 649 million [16]. Group 3: Jin Hongshun's Financial Performance - Jin Hongshun's main business involves the development, production, and sales of automotive body and chassis stamping parts and related molds [17]. - In the first quarter of 2025, the company's revenue was 127 million, a year-on-year decrease of 28.88%, while the net profit attributable to shareholders was 3.57 million, an increase of 121.24% [17].

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen stock markets have announced significant updates, including changes in financing, business performance, and strategic decisions, which may impact investor sentiment and market dynamics [1]. Financing and Restructuring - Guanhao Biological has withdrawn its application for refinancing, leading to the termination of the review process by the Shenzhen Stock Exchange [3]. - Jinhongshun has terminated its major asset restructuring plan due to a lack of consensus among parties involved [6]. - Yuyuan Co. plans to issue bonds not exceeding 40 billion yuan to adjust its debt structure and replenish working capital [23]. Business Performance and Uncertainties - Aored has highlighted significant uncertainties in its computing power leasing services due to heavy asset investment and potential market fluctuations [4]. - Guoyao Modern intends to publicly transfer 51% of its subsidiary Guoyao Hason's shares, as the subsidiary has been underperforming with continuous losses since 2021 [5]. - Chengbang Co. reported that its subsidiary, Xinchun Electronics, has a small business scale and faces intense competition in the semiconductor storage industry, with projected revenues of 111 million yuan and a net profit of 933,800 yuan for 2024 [9]. Stock Market Activity - Alloy Investment announced a change in its controlling shareholder to Jiuzhou Hengchang, with stock trading resuming on July 1 [7]. - Changcheng Military Industry reported significant stock price volatility, with a cumulative increase of over 100% in the last 10 trading days, indicating potential irrational market behavior [8]. Earnings Forecasts - Hanyu Pharmaceutical expects a net profit of 142 million to 160 million yuan for the first half of 2025, recovering from a loss in the previous year, driven by international business growth [12]. - Taotao Vehicle anticipates a net profit increase of 70.34% to 97.81% for the same period, reflecting strong sales performance [13]. - Weichai Heavy Machinery projects a net profit increase of 40% to 60%, benefiting from industry policy support and demand growth [15]. Major Contracts and Projects - China Railway has won contracts for overseas construction projects totaling approximately 5.343 billion yuan [17]. - Zhonggong International has signed a 175 million yuan engineering consulting service contract [18]. - Hezhan Energy has entered into a 177 million yuan contract for the sale of steel-concrete towers [19].

证券代码：603922 证券简称：金鸿顺 公告编号：2025-029 苏州金鸿顺汽车部件股份有限公司 关于终止筹划重大资产重组事项的投资者说明会公 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： 会议召开时间：2025 年 07 月 09 日 （星期三） 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo. com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 07 月 08 日（星期二）16:00 前登录上证路演中心网站首页 点击"提问预征集"栏目或通过公司邮箱 gl3602@jinhs.com 进行提问。公司将在说 明会上对投资者普遍关注的问题进行回答。 苏州金鸿顺汽车部件股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日 披露了《金鸿顺关于终止筹划重大资产重组事项的公告》（公告编号：2025-028）， 经公司充分审慎研究，并与相关交易方友好协商，同意终止进一步推进本次交易。 根据相关规定，公司计划 ...

2024 年 10 月 23 日，公司披露《关于筹划发行股份及支付现金购买资产并 募集配套资金事项的停牌公告》（公告编号：2024-057），公司正在筹划以发行股 份及支付现金的方式购买新思考电机有限公司（以下简称"新思考"）95.79%的股 权同时募集配套资金（以下简称"本次交易"）。 经初步测算，本次交易预计构成《上市公司重大资产重组管理办法》规定的 重大资产重组。根据《上海证券交易所股票上市规则（2024 年 4 月修订）》相关 法规，本次交易预计不构成公司关联交易。本次交易不会导致公司实际控制人发 生变更，不构成重组上市。 二、 公司筹划重大资产重组期间所做的主要工作 证券代码：603922 证券简称：金鸿顺 公告编号：2025-028 苏州金鸿顺汽车部件股份有限公司 关于终止筹划重大资产重组事项的公告 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个别及连带责任。 苏州金鸿顺汽车部件股份有限公司（以下简称"公司"）正在筹划以发行股 份及支付现金的方式购买新思考电机有限公司（以下简称"新思考"）95.79%的 股权同时募集配套资 ...

金鸿顺：终止筹划重大资产重组事项 智通财经6月30日电，金鸿顺(603922.SH)公告称，此前披露，公司正在筹划以发行股份及支付现金的方 式购买新思考电机有限公司95.79%的股权同时募集配套资金。经公司充分审慎研究，并与相关交易方 友好协商，同意终止进一步推进本次交易。 ...

金鸿顺（603922）公告，公司终止筹划以发行股份及支付现金的方式购买新思考电机有限公司95.79% 的股权同时募集配套资金。本次交易预计构成《上市公司重大资产重组管理办法》规定的重大资产重 组。交易各方未能就交易最终方案达成一致，经公司充分审慎研究及与相关交易各方友好协商，同意终 止本次重大资产重组事项。终止本次重大资产重组不会对公司现有生产经营活动、财务状况和战略发展 造成重大不利影响。 ...