证券代码：000407 证券简称：胜利股份 公告编号：2025-040 号 山东胜利股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 山东胜利股份有限公司（以下简称"公司"或"本公司"）股票（证券 简称：胜利股份，证券代码：000407） 连续 2 个交易日（2025 年 11 月 11 日、11 月 12 日）收盘价格涨幅偏离值累计超过 20%，根据深圳证券交易所 的有关规定，属于股票交易异常波动的情况。 二、关注、核实情况说明 针对股票异常波动情况，公司董事会就相关事项进行了核实，现将有关 情况说明如下： 4.目前公司正在筹划发行股份及支付现金购买资产并募集配套资金暨 关联交易事项，除上述事项外，公司及控股股东、实际控制人不存在关于本 公司的应披露而未披露的重大事项或处于筹划阶段的重大事项。 5.公司控股股东、实际控制人在股票交易异常波动期间不存在买卖公司 股票的情形。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，除前述已披露的公司正在筹划发行股份及支付现金 购买资产并募集配套资 ...

Core Viewpoint - The stock price of Shengli Co., Ltd. has experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over two consecutive trading days, prompting an inquiry by the Shenzhen Stock Exchange [1] Group 1: Stock Performance - Shengli Co., Ltd. announced that its stock price increased by more than 20% over two trading days (November 11 and November 12, 2025) [1] - The company confirmed that there are no undisclosed significant matters that could affect the stock price during this period [1] Group 2: Company Actions - On November 10, 2025, the company held an extraordinary board meeting to approve a proposal for issuing shares and cash to acquire assets, along with raising matching funds through related transactions [1] - The relevant proposal has been disclosed on the designated information disclosure platform [1] Group 3: Operational Stability - The company stated that its operational situation remains stable, with no significant changes in the internal or external environment [1] - The company and its controlling shareholders have not engaged in any trading of the company's stock during the period of abnormal price fluctuation [1]

Core Insights - The gas sector experienced a slight increase of 0.21% on November 12, with Victory Co. leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Gas Sector Performance - Victory Co. (code: 000407) saw a closing price of 4.58, with a significant increase of 10.10% and a trading volume of 46,300 lots, amounting to 21.21 million yuan [1] - Baichuan Energy (code: 600681) closed at 5.48, up 10.04%, with a trading volume of 1.22 million lots and a transaction value of 665 million yuan [1] - Delong Huineng (code: 000593) closed at 11.44, rising by 10.00%, with a trading volume of 871,900 lots and a transaction value of 979 million yuan [1] - Other notable performers included Guo New Energy (code: 600617) with a 6.39% increase and Changchun Gas (code: 600333) with a 1.60% increase [1] Capital Flow Analysis - The gas sector experienced a net outflow of 233 million yuan from institutional investors, while retail investors saw a net inflow of 256 million yuan [2] - The main capital inflow was observed in Baichuan Energy, with a net inflow of 76.37 million yuan, while Guo New Energy had a net inflow of 66.61 million yuan [3] - Conversely, Victory Co. experienced a significant net outflow from retail investors, totaling 5.52 million yuan, despite a net inflow from institutional investors [3]

Market Overview - The Shanghai Composite Index increased by 0.27% as of 10:28 AM, with a trading volume of 61.67 billion shares and a transaction value of 893.47 billion yuan, a decrease of 6.50% compared to the previous trading day [1] Industry Performance - The top-performing industries included: - Oil and Petrochemicals: Increased by 1.77% with a transaction value of 8.62 billion yuan, led by Sinopec Oilfield Service, which rose by 10.21% [1] - Banking: Increased by 1.52% with a transaction value of 15.41 billion yuan, led by Agricultural Bank of China, which rose by 2.89% [1] - Home Appliances: Increased by 1.01% with a transaction value of 14.36 billion yuan, led by Beiyikang, which rose by 10.78% [1] - The worst-performing industries included: - Communication: Decreased by 1.33% with a transaction value of 34.89 billion yuan, led by Yongding Co., which fell by 5.45% [2] - Electric Power Equipment: Decreased by 1.25% with a transaction value of 148.46 billion yuan, led by Canadian Solar, which fell by 13.92% [2] - National Defense and Military Industry: Decreased by 0.92% with a transaction value of 16.72 billion yuan, led by Triangle Defense, which fell by 7.34% [2] Stock Performance - A total of 1,864 stocks rose, with 49 hitting the daily limit, while 3,394 stocks fell, with 2 hitting the lower limit [1]

Core Viewpoint - Victory Co., Ltd. plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of issuing shares and cash payments, aiming to enhance its market position in the gas industry [1] Company Summary - After the transaction, Victory Co., Ltd. will control 100% of Zhongyou Zhuhai, 100% of Tianda Shengtong, 100% of Nantong Zhongyou, and 80% of Ganhe Zhongyou [1] - The total amount of funds raised will not exceed 100% of the asset transaction price through share issuance, with the number of shares issued not exceeding 30% of the total share capital post-transaction [1] - The company aims to leverage synergies, integrate industry resources, enhance profitability, and deepen its gas industry value chain layout through this transaction [1] Industry Summary - The transaction aligns with industry development trends and is expected to significantly enhance the company's core competitiveness and market position in the gas business [1] - Victory Co., Ltd. holds a significant position in the natural gas and plastic pipeline sectors, with over 30 wholly-owned and controlled natural gas companies and 14 regional gas franchise rights [1] - The company serves over 1.5 million users and aims to optimize its gas business layout and increase market share by further deepening the collaborative development model of high-quality assets [1]

Core Viewpoint - Victory Co., Ltd. plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of issuing shares and cash payments, aiming to enhance its market position and profitability in the gas industry [1] Group 1: Transaction Details - The transaction will result in Victory Co., Ltd. controlling 100% of Zhongyou Zhuhai, 100% of Tianda Shengtong, 100% of Nantong Zhongyou, and 80% of Ganhe Zhongyou [1] - The total amount of funds raised will not exceed 100% of the asset purchase price through share issuance, with the number of shares issued not exceeding 30% of the total share capital post-transaction [1] Group 2: Strategic Implications - The company aims to leverage synergies, integrate industry resources, and enhance profitability through this transaction, aligning with industry development trends [1] - The completion of the transaction is expected to significantly strengthen the company's core competitiveness and improve its market position in the gas business [1] Group 3: Current Market Position - Victory Co., Ltd. holds a significant position in the natural gas and plastic pipeline sectors, with over 30 wholly-owned and controlled natural gas companies and 14 regional gas operating rights [1] - The company serves over 1.5 million users and has a stake in a liquefied natural gas receiving station controlled by the national pipeline network [1] - To optimize its gas business layout and increase market share, the company seeks to deepen the collaborative development model of high-quality assets and expand market coverage [1]

Core Viewpoint - Victory Co., Ltd. has seen significant stock price increases this year, with a notable rise in recent trading days, indicating strong market interest and potential growth opportunities [2]. Company Overview - Victory Co., Ltd. is located in Jinan, Shandong Province, and was established on May 11, 1994, with its stock listed on July 3, 1996. The company primarily engages in plastic pipelines, biotechnology, domestic and foreign trade, chemical pesticides, and natural gas terminal application services [2]. - The company's revenue composition is as follows: 76.33% from natural gas and value-added services, and 23.67% from equipment manufacturing [2]. - As of September 30, 2025, the number of shareholders is 46,700, an increase of 3.11% from the previous period, with an average of 18,767 circulating shares per shareholder, a decrease of 3.02% [2]. Stock Performance - Year-to-date, Victory Co., Ltd. stock has increased by 35.58%, with a 20.53% rise over the last five trading days, and a 31.61% increase over both the last 20 and 60 days [2]. - On November 12, the stock reached a peak price of 4.58 CNY per share, with a trading volume of 10.583 million CNY and a turnover rate of 0.26%, resulting in a total market capitalization of 4.031 billion CNY [1]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 3.042 billion CNY, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders was 120 million CNY, reflecting a year-on-year increase of 9.43% [2]. - Since its A-share listing, the company has distributed a total of 361 million CNY in dividends, with 103 million CNY distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Victory Co., Ltd. have seen changes, with CITIC Prudential Multi-Strategy Mixed (LOF) A exiting the list [3].

Core Viewpoint - The company has issued a correction regarding the net cash flow from investment activities for the period of January to September 2025, acknowledging a typographical error in the previously disclosed financial data [1][2]. Group 1 - The company disclosed the asset acquisition and fundraising plan on November 11, 2025, through various financial news platforms [1]. - The correction pertains specifically to the "net cash flow from investment activities" section of the consolidated cash flow statement [1]. - The company has apologized to investors for the typographical error in the financial data [1].

Core Viewpoint - Victory Shares (000407.SZ) is initiating a restructuring plan to strengthen its gas industry layout by acquiring four gas-related companies controlled by its major shareholder [2][7]. Group 1: Restructuring Details - The restructuring involves purchasing 100% equity of Zhongyou Gas (Zhuhai Hengqin) Co., Ltd., Tianda Shengtong New Energy (Zhuhai) Co., Ltd., and Nantong Zhongyou Gas Co., Ltd., as well as 80% equity of Qinghai Zhongyou Ganhua Industrial Park Gas Co., Ltd. [2][4][6]. - The transaction will be executed through a combination of issuing shares and cash payments, with the final transaction price and share issuance details yet to be determined [6][7]. Group 2: Financial Performance - As of September 2025, the total assets of the four target companies amount to 2.171 billion yuan, with a combined net profit of 222 million yuan for the first nine months of 2025 [11][12]. - Victory Shares reported a revenue of 3.042 billion yuan for the first nine months of 2025, a decrease of 5.07% year-on-year, while its net profit attributable to shareholders increased by 9.43% to 120 million yuan [12]. Group 3: Market Reaction - Following the announcement of the restructuring plan, Victory Shares' stock price hit the daily limit, closing at 4.16 yuan per share, reflecting a 10.05% increase [3][8]. Group 4: Strategic Implications - The acquisition is expected to enhance Victory Shares' core competitiveness in the gas sector, as the target companies primarily provide natural gas application services to industrial, commercial, and residential sectors [7][9]. - The restructuring aligns with the healthy development of the renewable energy and gas industry, allowing Victory Shares to optimize its gas business layout and increase market share [9][10].

Group 1 - Shandong Shengli Co., Ltd. plans to acquire equity in four gas companies controlled by its major shareholder to integrate downstream urban gas assets [1] - The natural gas industry in China is undergoing a comprehensive transformation across the entire value chain, from upstream exploration to downstream applications [1] - The move indicates that large gas groups are accelerating the securitization of quality assets to enhance operational efficiency and gain a competitive edge in the evolving energy service market [1][2] Group 2 - The natural gas market is expected to grow significantly, with the goal of increasing its share in primary energy consumption to around 15% by 2030, indicating vast growth potential [1] - Companies are actively pursuing both organic growth and mergers and acquisitions to strengthen their positions in the industry [2] - Leading companies like Hengtong Logistics and Weichai Power are optimizing their operations and investing in new technologies to capitalize on market opportunities in LNG and gas engines [2][3] Group 3 - The integration of "natural gas+" with various new energy sources presents significant development potential for companies [3] - Vertical integration allows companies to better control resources across the supply chain, reduce operational costs, and enhance risk resilience [3] - Focusing on specific segments can help companies build technological barriers and brand advantages, thereby improving core competitiveness [3]