Core Viewpoint - The announcement from Jiangsu Bid Technology Co., Ltd. reveals the progress of the transfer of 29.90% of its shares by its controlling shareholders and concerted parties, with compliance confirmation submitted to the Shanghai Stock Exchange [2][3]. Group 1: Share Transfer Details - The share transfer agreement was signed on August 8, involving actual controllers Wang Jianqun, Liu Ying, and their concerted parties, who plan to transfer a total of 56,167,150 shares to Yangzhou Dinglong Qishun Equity Investment Partnership, accounting for 29.90% of the total share capital [2][3]. - The transfer price is set at 15.97 yuan per share, totaling approximately 897 million yuan [2][3]. - Prior to the transfer, Wang Jianqun held 51.82% and Liu Ying held 18.13% of the shares, with the concerted parties holding a combined 1.47% [3]. Group 2: Impact on Shareholding Structure - Post-transfer, Wang Jianqun's shareholding will decrease to 38.87%, while Liu Ying's will drop to 2.65%, and the concerted parties will no longer hold shares [3]. - Dinglong Qishun will become a new shareholder with a 29.90% stake, but the controlling shareholder and actual controllers will remain unchanged, with Wang Jianqun continuing as the controlling shareholder [3]. Group 3: Market Reaction and Stock Performance - The share transfer has significantly influenced Bid Technology's stock price, which fluctuated between 10 yuan and 17 yuan from January to July, and surged by 103.25% in August and 38.86% in September, reaching a historical high of 54.66 yuan per share [2]. - As of October 13, the stock closed at 41.09 yuan, reflecting a daily decline of 0.6% [2]. Group 4: Compliance and Future Steps - The share transfer is subject to compliance confirmation from the Shanghai Stock Exchange and must undergo share transfer registration with the China Securities Depository and Clearing Corporation [4]. - The completion of the transfer and its timing remain uncertain, and the company will continue to monitor the situation and fulfill its disclosure obligations [4].

证券代码：605298 证券简称：必得科技 公告编号：2025-042 江苏必得科技股份有限公司 关于控股股东及一致行动人协议转让股份进展情况 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。 一、本次协议转让基本情况 2025 年 8 月 8 日，江苏必得科技股份有限公司（以下简称"必得科技""上 市公司"）实际控制人王坚群、刘英及其一致行动人王恺、王坚平、李碧玉，与 扬州鼎龙启顺股权投资合伙企业（有限合伙）（以下简称"鼎龙启顺"）签署了 《股份转让协议》，王坚群、刘英、王恺、王坚平、李碧玉拟向鼎龙启顺转让其 持有上市公司合计 56,167,150 股股份，占上市公司总股本的 29.90%。 二、本次协议转让进展情况 根据《上市公司收购管理办法》第五十五条规定："收购人在收购报告书公 告日后 30 日内仍未完成相关股份过户手续的，应当立即作出公告，说明理由； 在未完成相关股份过户期间，应当每隔 30 日公告相关股份过户办理进展情况。" 现将股份过户进展情况公告如下： 截至本公告披露日，本次协议转让各方已向上海证券交易所 ...

Core Viewpoint - The announcement from Bidetech (605298) regarding the transfer of 29.90% of its shares to Dinglong Qishun marks a significant shift in its ownership structure, with Dinglong Qishun becoming the second-largest shareholder, reflecting a trend of venture capital (VC) firms increasingly acquiring stakes in listed companies [1][2][3]. Group 1: Share Transfer Details - Bidetech's actual controller and its concerted parties signed a share transfer agreement with Dinglong Qishun, which will acquire a total of 29.90% of the company's shares for 897 million yuan [1]. - Dinglong Qishun is a growth-oriented fund with a registered capital of 950 million yuan, established by Xi'an Heying Venture Capital, which is fully owned by Longding Investment [1][2]. Group 2: Market Reaction and Stock Performance - Following the announcement, Bidetech's stock price surged over 180%, significantly outperforming the industry and the Shanghai Composite Index during the same period [2]. - The increase in stock price is attributed to market expectations of potential asset injections from Dinglong Investment, which focuses on the semiconductor sector [5][6]. Group 3: Policy Environment and VC Strategy - The recent surge in VC firms acquiring stakes in listed companies is closely linked to favorable policy changes that support private equity funds in acquiring listed companies for industrial integration [3][4]. - The current market conditions, including reasonable valuations of many listed companies, have prompted VC firms to explore opportunities in the secondary market, especially as the IPO pace has slowed [3][4]. Group 4: Future Implications and Considerations - The acquisition by VC firms is seen as a strategic move to create a controllable platform for future asset injections, which could facilitate exits for their investments [4][6]. - However, the success of these acquisitions heavily relies on the actual injection of assets into the listed companies, as the absence of such actions may lead to stock price corrections [6][7].

Market Overview - On September 22, the rail transit equipment sector declined by 0.51%, with Gongda High-Tech leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the rail transit equipment sector included: - Zhonghe Technology (Code: 000925) with a closing price of 7.94, up 1.79% and a trading volume of 279,600 shares [1] - Yonghui Electric (Code: 300351) with a closing price of 18.11, up 1.17% and a trading volume of 94,300 shares [1] - Bidetech (Code: 605298) with a closing price of 49.38, up 1.11% and a trading volume of 106,700 shares [1] - Conversely, Gongda High-Tech (Code: 688367) experienced the largest decline, closing at 19.60, down 5.95% with a trading volume of 61,500 shares [2] Capital Flow - The rail transit equipment sector saw a net outflow of 137 million yuan from institutional investors, while retail investors contributed a net inflow of 119 million yuan [2] - The detailed capital flow for selected stocks showed: - Zhonghe Technology had a net inflow of 20.92 million yuan from institutional investors [3] - Bidetech experienced a net outflow of 13.26 million yuan from retail investors [3] - Yonghui Electric had a significant net inflow of 26.51 million yuan from retail investors [3]

Market Overview - On September 19, the rail transit equipment sector experienced a slight decline of 0.0% compared to the previous trading day, with Tongye Technology leading the drop [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Individual Stock Performance - Notable gainers in the rail transit equipment sector included: - China Railway Industry (600528) with a closing price of 8.51, up 2.16% on a trading volume of 325,800 shares and a transaction value of 276 million yuan [1] - Times Electric (688187) closed at 48.50, up 0.79% with a trading volume of 78,900 shares and a transaction value of 384 million yuan [1] - Conversely, Tongye Technology (300960) led the declines with a closing price of 27.66, down 3.92% on a trading volume of 22,400 shares and a transaction value of 63.2 million yuan [2] - Other significant decliners included: - Weiao Co., Ltd. (605001) down 3.25% to 7.45 with a transaction value of 77.2 million yuan [2] - Tieda Technology (872541) down 3.23% to 16.16 with a transaction value of 56.7 million yuan [2] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 140 million yuan from main funds, while retail investors contributed a net inflow of 111 million yuan [2] - The sector also experienced a net inflow of 28.7 million yuan from speculative funds [2]

Group 1 - The rail transit equipment sector experienced a decline of 1.82% on September 18, with Xianghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - Key stocks in the rail transit equipment sector showed mixed performance, with Gongda Gaoke rising by 6.04% to a closing price of 21.07 [1] Group 2 - The main funds in the rail transit equipment sector saw a net outflow of 232 million yuan, while retail investors had a net inflow of 190 million yuan [2] - Notable declines included Xianghe Industrial, which fell by 4.74% to a closing price of 11.45, and Bidetech, which decreased by 4.40% to 50.46 [2] - The trading volume for Xianghe Industrial was 159,900 shares, contributing to a transaction amount of 188 million yuan [2]

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

Market Performance - The Shanghai Composite Index rose by 0.37%, with 92 stocks closing at historical highs [1] - Among the tradable A-shares, 2,504 stocks increased in price, accounting for 46.19%, while 2,757 stocks decreased, making up 50.86% [1] - The average price increase for stocks that reached historical highs was 6.29% [1] Historical Highs - A total of 92 stocks reached historical closing highs today, with 45 from the main board, 31 from the ChiNext, and 11 from the Sci-Tech Innovation Board [1] - The sectors with the most stocks hitting historical highs included machinery equipment (23 stocks), automotive (18 stocks), and electronics (14 stocks) [1] Stock Highlights - Notable stocks that hit historical highs include Hongxi Technology (30.56 yuan, +29.99%), Sanwei Equipment (20.00 yuan, +29.95%), and Jingzhida (142.80 yuan, +15.16%) [2][3] - The stock with the highest closing price was Gibit at 555.06 yuan, up 2.48% [1] Capital Flow - The net inflow of main funds into stocks reaching historical highs totaled 2.142 billion yuan, with significant inflows into Ningde Times (1.243 billion yuan), Northern Copper (497 million yuan), and Haoneng Co. (327 million yuan) [2] - Stocks with the highest total market capitalization among those reaching historical highs included Ningde Times (1.661 trillion yuan), Sunshine Power (292.3 billion yuan), and Sanhua Intelligent Control (156.4 billion yuan) [2] Innovation and Performance - The ability to reach historical highs is considered an indicator of stock strength, with stocks like Bidetech achieving 15 new highs in the past month [2] - Other stocks with multiple new highs include Hengsheng Energy, Huagong Technology, and Zhejiang Rongtai, each with 12 new highs in the same period [2]

New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]

Group 1 - The stock of Shouke Co., Ltd. opened up 2.85% after achieving 10 consecutive trading days of gains [1] - Chunzhong Technology, a liquid-cooled server concept stock, opened up 4.23% after 6 days of 5 consecutive gains [1] - Bidet Technology in the high-speed rail sector opened up 0.72% after 8 days of 5 consecutive gains [1] Group 2 - Tianji Co., Ltd., a lithium battery sector stock, opened up 3.05% after 9 days of 5 consecutive gains [1] - Huajian Group, which has restructuring expectations, opened up 1.48% after 4 consecutive gains [1] - Baile Technology, a robotics concept stock, opened up 1.27% after 6 days of 4 consecutive gains [1] Group 3 - Shanghai Construction opened up 5.30% after 3 consecutive gains [1] - Low-priced stock Shanzi Gaoke opened up 4.46% after 3 consecutive gains [1] - Rongsheng Development opened down 1.86% after 3 consecutive gains [1] Group 4 - Yushen Co., Ltd., a unified market concept stock, opened down 2.47% after 4 days of 3 consecutive gains [1] - Yiyaton opened down 0.99% after 2 consecutive gains [1]