声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 2026年2月24日，吉华集团（sh603980）触及涨停，涨停价8.56元，涨幅10.03%，总市值57.94亿元，流 通市值57.94亿元，截止发稿，总成交额7.20亿元。 根据喜娜AI异动分析，吉华集团涨停原因可能如下，控制权变更+定增募资+产业协同： 1、吉华集团处 于重大转型期，桐庐钧衡通过协议转让成为新控股股东，持股29.89%，交易金额14.95亿元。桐庐钧衡 实控人苏尔田拥有港股上市公司环球新材国际，可能带来产业链协同，且新股东承诺60个月内不转让控 制权，36个月内不质押股份，保障了控制权长期稳定。 2、公司拟向控股股东定向增发募资3亿元补充 流动资金，可优化资本 ...

面对人形机器人赛道技术壁垒高、研发投入大、产业化周期长的"高风险、高投入"特征，我国人形机器 人产业在政策引导与产业资本的双重扶持下，持续攻克核心技术、完善产业链配套，整体发展节奏显著 加快，已在全球竞争中占据重要席位，形成从核心部件到整机产品的完整创新生态。以宇树科技、松延 动力、魔法原子及银河通用等头部机器人企业为例，根据企查查股权穿透信息，这4家企业均于近十年 成立，均经历了数轮融资，参与融资的有创投公司、国有企业、民营企业、个人等。投资上述4家企业 的还有一批上市公司。根据股权穿透信息不完全统计，直接或间接投资宇树科技、松延动力、魔法原子 及银河通用的A股上市公司有52家，覆盖计算机、电子、传媒、机械设备等15个行业，其中吉华集团同 时间接投资了宇树科技及银河通用，中际旭创同时间接投资了宇树科技及魔法原子。从市场表现来看， 截至2月13日，这52家参股公司今年以来平均涨幅接近6%，16家公司累计涨幅均超过10%，江丰电子、 吉华集团、当虹科技今年以来累计涨幅居前，均超过35%。 ...

Core Viewpoint - The change of control at Jihua Group (603980.SH) has attracted market attention, with new shareholder Tonglu Junheng potentially driving the company's strategic transformation and resource integration, although risks related to transaction approval, main business profitability, and valuation rationality need to be monitored [1] Group 1: Control Change Details - On February 6, 2026, Jihua Group's controlling shareholder Hangzhou Jinhui and shareholder Shao Hui signed an agreement to transfer a total of 29.89% of shares to Tonglu Junheng at a price of 7.3873 yuan per share, representing a 12.78% premium over the last closing price before suspension, with a total transaction value of approximately 1.495 billion yuan [2] - The company plans to conduct a private placement to raise no more than 300 million yuan for Tonglu Junheng, which will increase its shareholding to 35.91% upon completion of the transaction [2] Group 2: Company Structure and Governance - The management team will undergo changes, with the original chairman Shao Hui stepping down, and Tonglu Junheng appointing a new chairman, general manager, and financial officer to take full control of the company's operations [3] - There is an expectation for strategic transformation as Suertian, the actual controller of Tonglu Junheng, operates Global New Materials International, which specializes in pearlescent and new energy materials, potentially facilitating Jihua Group's shift from traditional dyes to high-value products such as digital printing dyes and bio-based dyes [3] - The 300 million yuan raised from the private placement will be used to supplement working capital and repay debts, which is expected to lower the company's debt ratio (13.18% as of Q3 2025) and improve cash flow [3] Group 3: Stock Performance - After resuming trading on February 9, the stock price hit the daily limit, closing at 7.93 yuan on February 10, with nearly 290,000 hands of limit orders. However, on February 13, the stock price corrected to 7.78 yuan, reflecting a single-day decline of 9.95%, indicating short-term profit-taking pressure [4] - Prior to the suspension, the stock price increased by 18.66% over three trading days (January 28 to 30), with a net inflow of 114 million yuan on January 28, suggesting market anticipation of the control change [4] Group 4: Future Development - The transaction still requires compliance confirmation from the Shanghai Stock Exchange, transfer procedures from China Securities Depository and Clearing, and potential antitrust reviews, introducing uncertainties [5] - The company's main business profitability is under pressure, with an expected net profit attributable to shareholders of 51.7 million yuan in 2025, a year-on-year decline of 69.64%, and a non-recurring net profit of only 2.8 million yuan, down 90.76% year-on-year, indicating weak profitability [5] - As of February 13, the company's price-to-earnings ratio (TTM) reached 93.10 times, higher than the industry average, and the new shareholders will need to address employee placement (approximately 2,300 employees) and capacity optimization challenges [5] Group 5: Industry Policy Status - The dye industry is currently in a price increase cycle, with disperse dye prices rising by 11% month-on-month in January 2026, driven by upstream raw material costs, enhancing industry prosperity [6] - As one of the three major dye production bases globally (with a capacity of 75,000 tons), if the new shareholders can effectively leverage Global New Materials International's channels and technology, it may accelerate Jihua Group's penetration into the high-end market [6]

Group 1 - The company announced the resignation of director Shao Bojin due to personal health reasons, effective February 13, 2026 [1] - Shao Bojin holds 196,000,000 shares in the company, representing 28.96% of the total share capital, and is the actual controller of the company through Hangzhou Jinhui Electromechanical Equipment Co., Ltd [2] - The resignation will not reduce the board members below the legal number, but it will affect the audit committee, prompting the company to elect a new member promptly [1][2] Group 2 - The board expressed gratitude for Shao Bojin's contributions to the company's governance and development during his tenure [2]

Core Viewpoint - Jihua Group (603980) reported that as of February 10, 2026, the number of shareholders reached 36,267 households [1] Group 1 - The company has actively engaged with investors through an interactive platform [1] - The increase in shareholder count indicates growing interest and potential confidence in the company [1]

Group 1 - The core point of the article is the resignation of Mr. Shao Bojin from the board of directors and the audit committee of Zhejiang Jihua Group Co., Ltd. due to personal health reasons [1] - The company will promptly follow relevant procedures to elect a new director and audit committee member and will fulfill its information disclosure obligations in a timely manner [1] Group 2 - The article highlights a significant fluctuation in the company's net profit, which increased ninefold before suddenly reporting a loss exceeding 200 million [1] - The chairman's personal investment of 50 million to cover the company's losses raises questions among shareholders about the company's financial management and transparency [1] - There is uncertainty regarding the whereabouts of 5 billion in trust financial products, leading to confusion among investors [1]

一、董事离任情况 | | 离任职 | | 原定任期 | | 是否继续在 上市公司及 | | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | | 离任时间 | | 离任原因 | | 具体职务（如适用） | | | | 务 | | 到期日 | | 其控股子公 | | 毕的公开 | | | | | | | 司任职 | | 承诺 | | | | | | | | 江苏吉华化工有限公司董 | | | | 董事、审 | 2026 年 2 | 2027 年 5 | 个人身体 | | 事长，杭州萧山吉华科技 | | | 邵伯金 | 计委员 | | | | 是 | 有限公司执行董事兼总经 | 是 | | | | 月 13 日 | 月 19 日 | 原因 | | | | | | 会委员 | | | | | 理，杭州创丽聚氨酯有限 | | | | | | | | | 公司董事 | | （一）提前离任的基本情况 （二）离任对公司的影响 根据《公司法》《公司章程》及相关规定，邵伯金先生的离任不会导致董事 会成员低于法定人数，但将导致审计委员会成员低 ...

Core Viewpoint - Jihua Group (603980.SH) announced the resignation of director Shao Bojin due to personal health reasons, effective February 13, 2026 [1] Group 1 - The company received the resignation report from Shao Bojin on February 13, 2026 [1] - Shao Bojin held positions as a member of the fifth board of directors and the audit committee [1]

Core Viewpoint - Jihua Group announced the resignation of director Shao Bojin due to personal health reasons, effective February 13, 2026 [1] Group 1 - The resignation involves Shao Bojin stepping down from both the fifth board of directors and the audit committee [1]

Core Viewpoint - The article highlights a significant trend in the A-share market, where there has been a surge in control changes among listed companies, reflecting increased market activity and strategic repositioning by various stakeholders [2][12]. Group 1: Control Changes in Listed Companies - Since 2025, at least 150 listed companies have announced plans for control changes, averaging one company every two days [2][3]. - As of 2026, over 60 companies have reported progress on control changes, indicating a continuation of this trend [2]. - The majority of control changes are occurring in traditional industries such as chemicals, textiles, and consumer goods, with acquirers including individuals, state-owned enterprises, and investment firms [2][5]. Group 2: Industry Distribution of Control Changes - The distribution of control changes shows that traditional industries dominate, with 12.77% of changes in the oil and petrochemical sector, and significant activity in environmental services, construction, and light manufacturing [5][7]. - Other sectors like agriculture, textiles, and real estate also show notable percentages of control changes, indicating a broad impact across various industries [5][7]. Group 3: Market Capitalization of Companies Involved - A significant portion of companies undergoing control changes are small-cap firms, with 169 companies having a market capitalization below 10 billion yuan, accounting for nearly 80% of the total [8][9]. - Companies with a market cap below 5 billion yuan represent 47.44%, while those between 5 billion and 10 billion yuan make up 31.16% [9][10]. Group 4: Motivations Behind Control Changes - The motivations for these control changes include financial distress among original controlling shareholders, strategic shifts in traditional industries, and pressures from debt [12][14]. - The trend is also driven by the need for new capital and resources to enhance company governance and operational efficiency [11][12]. Group 5: Types of Acquirers - The acquirers in these control changes are primarily state-owned enterprises, industrial capital, and limited partnership firms, with state-owned entities frequently taking over to optimize industrial layouts and stabilize the market [14]. - Industrial capital is also a significant player, often seeking to enhance synergies and expand into new business areas [14].