Core Viewpoint - Victory Co., Ltd. plans to issue shares and pay cash to acquire gas-related assets controlled by its controlling shareholder and related parties, with the stock resuming trading on November 11, 2025 [1][2][5]. Group 1: Acquisition Details - The acquisition includes 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tiandali Tong held by Tiandashengtong, 51% equity of Nantong Zhongyou held by Zhongyou Zhongtai, and 40% equity of Ganhe Zhongyou [2][4]. - The transaction is expected to constitute a major asset restructuring and related party transaction but will not result in a restructuring listing [4]. Group 2: Strategic Implications - The acquired companies primarily provide natural gas application services to industrial, commercial, and residential sectors [5]. - The transaction aims to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's position in the gas industry [5]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to approximately 120 million yuan [6][7]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan [7]. Group 4: Market Position - As of October 27, 2025, the stock price was 3.78 yuan per share, with a total market capitalization of 3.3 billion yuan [8][9].

【导读】胜利股份拟购买控股股东所持燃气类相关资产，股票复牌 中国基金报记者 李智 11月10日，胜利股份发布公告称，公司计划发行股份及支付现金购买由公司控股股东及其关联方控制的燃气类相关资产并募集配套资金。 经申请，胜利股份股票将于2025年11月11日（星期二）开市起复牌。 胜利股份股票复牌 根据公告，本次交易预计构成重大资产重组、关联交易，但不构成重组上市。 标的公司为由上市公司控股股东及其关联方控制的公司，主要面向工业、商业、居民等领域提供天然气应用服务。 胜利股份表示，通过本次交易，公司将发挥协同优势，整合行业资源、增强盈利能力、深化燃气行业产业链布局。本次交易契合行业发展 趋势，将显著增强上市公司核心竞争力，提升上市公司在燃气业务的市场地位。本次交易完成后，公司主营业务范围不会发生变化，核心 竞争力将得到进一步巩固和加强。 经申请，胜利股份股票将于2025年11月11日（星期二）开市起复牌。 11月10日，胜利股份发布公告称，公司计划发行股份及支付现金购买由公司控股股东及其关联方控制的燃气类相关资产并募集配套资金， 交易标的包括由中油投资持有的中油珠海100%的股权、天达利通持有的天达胜通100%的 ...

Core Viewpoint - Victory Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and its affiliates, and will resume trading on November 11, 2025 [2][4]. Group 1: Acquisition Details - The company intends to issue shares and pay cash to purchase gas-related assets, including 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai [4][6]. - The transaction is expected to constitute a major asset restructuring and related party transaction, but will not result in a restructuring listing [6]. Group 2: Strategic Implications - The acquisition aims to enhance the company's profitability, integrate industry resources, and deepen its layout in the gas industry, aligning with industry development trends [6]. - Post-transaction, the company's main business scope will remain unchanged, but its core competitiveness in the gas business will be further strengthened [6]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported revenue of 3.042 billion yuan, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders increased by 9.43% to approximately 120 million yuan [7][8]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan, to reward shareholders [8]. Group 4: Market Position - As of October 27, 2025, the company's stock price was 3.78 yuan per share, with a total market capitalization of 3.3 billion yuan [9].

Key Points - *ST Yuancheng received a notice regarding the proposed termination of its stock listing [1] - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [2] - Baiwei Storage's H-share filing materials have been accepted by the China Securities Regulatory Commission [3] - Mindray Medical has submitted an H-share listing application to the Hong Kong Stock Exchange [4] - Tianji Co. is promoting the industrialization of lithium sulfide material preparation patents [5] - *ST Yuanshang confirmed that there is no undisclosed significant information [6] - Shannon Chip Innovation noted reports of rising storage chip prices but stated that its fundamentals have not changed significantly [7] - Sichuan Jinding clarified that its associate company does not engage in space computing-related businesses [8] - Demingli is planning refinancing, with no significant changes in the operating environment [9] - Chengxing Co. warned of potential irrational speculation risks regarding its stock price [10] - Shandong Gold's wholly-owned subsidiary needs to pay back taxes and late fees amounting to 738 million yuan, expected to impact net profit by 230 million yuan [11] Mergers and Acquisitions - Lingzhi Software intends to acquire 100% of Kaimiride's equity, with stock resuming trading on November 11 [12] - Victory Co. plans to acquire gas-related assets from its controlling shareholder, with stock resuming trading on November 11 [13] Shareholding Changes & Buybacks - *ST Kaixin's actual controller plans to transfer 5% of the company's shares [14] - Litong Electronics' actual controller and executives plan to reduce their holdings by up to 3.03% [15] - Mingchen Health's actual controller and executives plan to reduce their holdings by up to 3.27% [16] - Sanmei Co.'s actual controller plans to reduce holdings by up to 3% [17] - Huayang Intelligent's Fosun Weiying plans to reduce holdings by up to 5% [18] - Huading Co.'s Hangzhou Yuejun plans to reduce holdings by up to 3% [19] Contract Awards - Zhongbei Communication signed a comprehensive service framework agreement worth 1 billion yuan [20] - State Grid Information Technology's subsidiaries collectively won a 1.318 billion yuan procurement project from the State Grid [21] - Digital Government's wholly-owned subsidiary jointly won a 109 million yuan smart water project [22] Other Developments - Shangtai Technology plans to invest 4.07 billion yuan to build a project with an annual production capacity of 200,000 tons of lithium-ion battery anode materials [24] - Chaoying Electronics plans to invest approximately 1.468 billion yuan in Thailand to expand AI computing high-end printed circuit board production [24] - Bojun Technology's wholly-owned subsidiary plans to invest 1 billion yuan to establish an automotive parts production base [24]

Group 1 - Victory Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and will resume trading on November 11 [2][3] - The acquisition will involve issuing shares and cash payments, targeting assets including 100% equity of Zhongyou Zhuhai and 100% equity of Tiandali Tong [2] - The transaction is expected to enhance the company's profitability and deepen its gas industry chain layout [3] Group 2 - Zhongbei Communication signed a comprehensive service framework agreement worth 1 billion yuan with Xiamen Hongxin Electronic Technology Group [5] - The contract is valid for 60 months and will allow Zhongbei to recognize revenue based on performance obligations [5] Group 3 - Shangtai Technology plans to invest approximately 4.07 billion yuan to build a project with an annual production capacity of 200,000 tons of lithium-ion battery anode materials [6] Group 4 - ST Gaohong's stock will be delisted on November 11, 2025, as decided by the Shenzhen Stock Exchange [8] - ST Huatuo's application to remove other risk warnings has been approved, and its stock will resume trading on November 12, 2025 [9] Group 5 - New Peng Co., Ltd. signed an investment cooperation agreement with Jabil Inc. for a battery energy storage system project, with a total investment of approximately 15 million USD [10] - The project aims to develop and manufacture large battery storage systems, with completion expected by the end of 2026 [10] Group 6 - Yunnan Baiyao's board elected Zhang Wenxue as chairman and Dong Ming as vice chairman for a three-year term [11] - Maiwei Co., Ltd. extended its concerted action agreement among major shareholders for another year [11] Group 7 - Ganfeng Lithium announced progress on the PPGS lithium salt lake project, with an environmental impact assessment report issued [12] - The project aims to submit a large investment application to the Argentine government in 2026 [12] Group 8 - Fangzhi Technology plans to acquire 100% equity of Zhixiang Technology for 116 million yuan, which will become a wholly-owned subsidiary [13] - Zhixiang Technology specializes in AI and smart space technology applications [13] Group 9 - Jiangsu Suopu is undergoing maintenance on its methanol and acetic acid production facilities, expected to resume production by November 10, 2025 [17]

Group 1: Lingzhi Software - Lingzhi Software announced a major asset restructuring plan to acquire 100% equity of Kaimeiride through issuing shares and cash payments, along with raising supporting funds [1][4] - The transaction is expected to enhance Lingzhi Software's revenue and net profit, while reducing reliance on the Japanese market and improving responsiveness to domestic financial institutions' needs [3][4] - The company reported revenues of 6.96 billion, 11.14 billion, and 7.63 billion for the years 2023, 2024, and the first three quarters of 2025, respectively, with net profits of 865.27 million, 1.24 billion, and 967.46 million [2][3] Group 2: Victory Co., Ltd. - Victory Co., Ltd. plans to acquire gas-related assets controlled by its major shareholder and related parties through issuing shares and cash payments, which will include 100% equity of Zhongyou Zhuhai and Tianda Shengtong, among others [1][5][7] - The company reported revenues of 46.77 billion, 42.26 billion, and 30.42 billion for the years 2023, 2024, and the first three quarters of 2025, respectively, with net profits of 1.53 billion, 1.17 billion, and 1.2 billion [5][6] - The transaction is expected to enhance the company's core competitiveness and market position in the gas industry, while not changing the control structure of the company [6][7]

Core Viewpoint - The core of the restructuring plan by Shengli Co., Ltd. is the deep integration and expansion of its natural gas segment, aiming to enhance its core business foundation and respond to national policies for promoting quality asset integration [1][4]. Group 1: Restructuring Details - Shengli Co., Ltd. plans to acquire assets from its controlling shareholder, China Oil Gas Investment Group Co., Ltd., and its affiliates, through a combination of issuing shares and cash payments [1][5]. - The acquisition involves four target companies, including 100% equity of China Oil Gas (Zhuhai Hengqin) Co., Ltd. and Tian Dasheng Tong New Energy (Zhuhai) Co., Ltd., as well as 51% and 40% stakes in Nantong China Oil Gas Co., Ltd. and Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd., respectively [2][3]. - The transaction is expected to constitute a related party transaction and a significant asset restructuring, but it will not result in a restructuring listing [1][6]. Group 2: Financial Aspects - The share issuance price for the asset purchase is set at 3.07 yuan per share, which is not less than 80% of the average trading price over the previous 20, 60, or 120 trading days [6][7]. - Shengli Co., Ltd. plans to raise funds from no more than 35 specific investors to cover cash payments, intermediary fees, and repay bank loans for both the company and the target companies [5][7]. - The raised funds will also be used for project construction of the target companies, with a dual ceiling on the total amount raised [6][7]. Group 3: Strategic Intent - The restructuring aligns with Shengli Co., Ltd.'s strategy to solidify its core business, as natural gas and value-added services accounted for 77.75% of the company's revenue in the 2024 annual report [4]. - The company aims to secure more low-cost long-term gas supply agreements to reduce procurement costs and mitigate price volatility risks [4].

Core Viewpoint - The company announced a suspension of its stock trading due to the planning of a share issuance and cash payment for asset acquisition, which involves uncertainties that could significantly impact investors [1] Group 1 - The company plans to issue shares and pay cash to acquire assets and raise matching funds, referred to as "this transaction" [1] - To protect investor interests and avoid significant impacts on stock trading, the company applied for a trading suspension starting from October 28, 2025 [1] - The company expects the suspension to last no more than 10 trading days [1] Group 2 - On November 10, 2025, the company held an extraordinary board meeting to approve related proposals regarding the share issuance and cash payment for asset acquisition [1] - Following the approval, the company applied for its stock to resume trading on November 11, 2025 [1]

Core Viewpoint - The company plans to acquire gas-related assets controlled by its major shareholder and affiliates through a combination of share issuance and cash payment, aiming to enhance its market position and profitability in the gas industry [1] Group 1: Transaction Details - The transaction involves acquiring 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai [1] - After the transaction, the company will control 100% of Zhongyou Zhuhai and Tianda Shengtong, as well as 80% of Ganhe Zhongyou and 100% of Nantong Zhongyou [1] Group 2: Strategic Implications - The acquired companies provide natural gas application services to industrial, commercial, and residential sectors, which aligns with the company's strategy to integrate industry resources and enhance profitability [1] - The transaction is expected to strengthen the company's core competitiveness and improve its market position in the gas business without changing its main business scope [1] Group 3: Market Impact - The transaction is in line with industry development trends and is anticipated to significantly enhance the company's core competitiveness [1] - The company's stock will resume trading on November 11, 2025, indicating a positive outlook following the announcement [1]

胜利股份（000407）(000407.SZ)发布公告，上市公司拟通过发行股份及支付现金的方式，购买由公司 控股股东及其关联方控制的燃气类相关资产并募集配套资金，交易标的包括由中油投资持有的中油珠海 100%的股权、天达利通持有的天达胜通100%的股权以及由中油中泰持有的南通中油51%的股权、甘河 中油40%的股权，其中，天达胜通通过子公司珠海投资间接控制甘河中油40%的股权及南通中油49%的 股权，因此本次交易完成后公司将合计持有中油珠海100%的股权、天达胜通100%的股权，合计控制甘 河中油80%的股权、南通中油100%的股权。 标的公司为由上市公司控股股东及其关联方控制的公司，主要面向工业、商业、居民等领域提供天然气 应用服务。通过本次交易，上市公司将发挥协同优势，整合行业资源、增强盈利能力、深化燃气行业产 业链布局。本次交易契合行业发展趋势，将显著增强上市公司核心竞争力，提升上市公司在燃气业务的 市场地位。本次交易完成后，上市公司主营业务范围不会发生变化，核心竞争力将得到进一步巩固和加 强。 经公司申请，公司股票将于2025年11月11日(星期二)开市起复牌。 ...