Core Viewpoint - The company emphasizes its management team's extensive experience and deep understanding of industry trends and corporate development strategies [1] Group 1: Management and Strategy - The company has established an effective management system for research and development, production management, and quality control [1] - This management system ensures high efficiency and collaboration among various departments within the company [1]

Core Viewpoint - The company, Huashu Holdings, is not currently involved in the commercial aerospace sector, focusing instead on gas management in coal mining [1] Group 1: Business Operations - The main business of Liulin Hangtai is gas management, specifically the treatment of abandoned gas with a concentration below 8% through flameless oxidation, generating thermal or electrical energy for comprehensive utilization by coal mining enterprises [1] - This operation has enabled the company to achieve breakthroughs in the comprehensive utilization of coal mine gas, strengthening the foundation for its wholly-owned subsidiary, Carbon Space, in carbon emission management [1] Group 2: Financial Impact - The gas management business has brought investment returns to the company, as detailed in its periodic reports disclosed in legal media [1]

Core Viewpoint - Huashu Holdings (000509) is actively addressing its financial pressures through support from its controlling shareholder, whose main business focuses on financial investment and asset management [1] Group 1 - The controlling shareholder of Huashu Holdings is providing significant support to alleviate the company's financial pressures [1] - The company is open to future mergers or asset injection plans that align with its development strategy, and it will follow legal decision-making procedures and timely disclosures [1]

华塑控股股份有限公司 收购报告书摘要 华塑控股股份有限公司 收购报告书摘要 上市公司名称：华塑控股股份有限公司 股票上市地点：深圳证券交易所 股票简称：华塑控股 一、本报告书系收购人依据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准 则第16号——上市公司收购报告书》及其他相关法律、法规和规范性文件编制。 二、依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 收购管理办法》及《公开发行证券的公司信息披露内容与格式准则第16号——上 市公司收购报告书》的规定，本报告书已全面披露了收购人在上市公司拥有权益 的股份。 三、截至本报告书出具日，除本报告书披露的持股信息外，收购人没有通过 任何其他方式在上市公司拥有权益。 股票代码：000509.SZ 收购人：湖北宏泰集团有限公司 注册/通讯地址：武汉市洪山路64号 $$={\mathrm{O}}=\pm\sqrt{\pm-\mathrm{H}}$$ 华塑控股股份有限公司 收购报告书摘要 收购人声明 四、收购人签署本报告书已获得必要的授权和批准，其履行亦不违反收购人 章程或内部规则中的任何 ...

证券代码：000509 证券简称：华塑控股 公告编号：2026-011 号 华塑控股股份有限公司 关于为子公司提供担保的进展公告 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。 特别提示： 公司当前对外担保余额为 1.795 亿元，超过公司最近一期经审计净资产 100%， 公司本次担保在年度担保预计额度范围内，敬请投资者充分关注担保风险。 一、担保情况概述 华塑控股股份有限公司（以下简称"公司"）于 2025 年 12 月 31 日召开 2025 年第六次临时股东会，审议通过了《关于为子公司新增担保额度的议案》，同意 公司为合并报表范围内的控股子公司湖北宏创智能装备有限公司（简称"宏创智 能"）提供总额度不超过 3150.00 万元的信用担保，具体内容详见公司于 2025 年 12 月 16 日、2026 年 1 月 5 日在巨潮资讯网披露的《关于为子公司新增担保 额度的公告》（公告编号：2025-064 号）、《2025 年第六次临时股东会决议公 告》（公告编号：2026-001 号）。 | 公 | 宏创 | | | | | | | | | | --- | ...

Core Viewpoint - Huashu Holdings plans to raise up to 600 million yuan through a private placement to enhance liquidity and repay interest-bearing debts, with Hubei Hongtai Group as the sole subscriber, reflecting long-term confidence in the company's development [1][2] Group 1: Fundraising Details - The private placement will issue 208 million shares at a price of 2.88 yuan per share, accounting for no more than 30% of the company's total share capital [1] - Hubei Hongtai Group will fully subscribe to the shares in cash and commit to not transferring the shares for 36 months post-issuance [1] Group 2: Strategic Implications - The transaction constitutes a related party transaction, as Hubei Hongtai Group holds 57.52% of the controlling shareholder, Hubei Asset Management [1] - Post-transaction, Hubei Hongtai Group will directly hold 16.26% of Huashu Holdings, increasing the voting rights controlled by Hubei Provincial Finance Department from 29.08% to 40.61% [1] Group 3: Industry Insights - Huashu Holdings is focusing on electronic equipment manufacturing and carbon emission management, leveraging its subsidiaries to expand into electronic information display terminals and carbon emission governance [2] - Experts suggest that the involvement of Hubei Hongtai Group represents a deep resource integration within the state-owned system, optimizing Huashu Holdings' capital structure while avoiding equity dilution [2] - The cash infusion is expected to significantly enhance Huashu Holdings' net assets and reduce its debt ratio, while the three-year lock-up period emphasizes a long-term investment perspective [2]

Core Viewpoint - The company Huashu Holdings (000509) plans to issue shares to a specific group, with the controlling shareholder being Hubei Asset Management and the actual controller being the Hubei Provincial Finance Department. The shares will be fully subscribed by Hongtai Group, which is an affiliate of the company [1][2]. Group 1: Share Issuance Details - The share issuance price is set at 2.88 yuan per share, which is 80% of the average trading price over the last 20 trading days prior to the announcement [1]. - The total amount to be raised from this issuance will not exceed 600 million yuan, and the funds will be used to supplement working capital and repay interest-bearing debts [2]. - The number of shares to be issued is approximately 208,333,333, which does not exceed 30% of the company's total share capital before the issuance [1]. Group 2: Control and Previous Fundraising - After the completion of this share issuance, the controlling shareholder and actual controller of the company will remain unchanged, ensuring no change in control [2]. - In a previous fundraising effort in December 2020, the company issued 247,644,935 shares at a price of 1.00 yuan per share, raising a total of approximately 240.64 million yuan after expenses [3].

Core Viewpoint - Huashu Holdings (SZ000509) announced a conditional share subscription agreement with Hubei Hongtai Group, planning to issue approximately 208 million shares to raise up to 600 million yuan, which will be used to optimize capital structure and alleviate financial pressure [2][3][4]. Group 1: Share Issuance Details - The share issuance price is set at 2.88 yuan per share, representing a discount of about 17% compared to the closing price of 3.47 yuan on December 31, 2025 [3]. - The total number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance [2][3]. - The issuance is classified as a related party transaction and does not constitute a major asset restructuring [2][3]. Group 2: Financial Condition and Purpose of Fundraising - The funds raised will be used to supplement working capital and repay interest-bearing debts, aiming to reduce the asset-liability ratio, which was reported at 76.45% as of September 2025 [4][5]. - The company has faced significant financial pressure due to reliance on debt financing, leading to a high debt ratio that constrains its financing capabilities and risk resilience [4][5]. Group 3: Performance and Profitability - Huashu Holdings has experienced significant revenue fluctuations, with year-on-year growth rates of 199.99%, -16.18%, 39.37%, and -17.76% from 2022 to the first three quarters of 2025 [5]. - The company reported a negative net profit attributable to shareholders of approximately -0.09 billion yuan, -0.34 billion yuan, -0.16 billion yuan, and -0.12 billion yuan for the respective years [5]. - As of the end of 2024, the company had an undistributed profit of approximately -1.2 billion yuan, indicating that no profit distribution will occur in 2024 [7].

Group 1 - Yanjiang Co. plans to acquire control of Ningbo Yongqiang Technology Co., Ltd. through a combination of share issuance and cash payment, leading to a potential major asset restructuring [2] - Fangda Carbon has decided to terminate its participation in the substantial merger and restructuring of Shanshan Group due to insufficient due diligence and alignment with its strategic planning [3] - Tongling Nonferrous Metals announced a delay in the second phase of the Mirador copper mine project, which is expected to impact the company's operating performance in 2026 [4] Group 2 - Zhongkuang Resources has commenced trial production of its 30,000 tons per year high-purity lithium salt project, enhancing its competitive edge in the lithium salt business [5] - China Nuclear Power's Fujian Zhangzhou Nuclear Power Plant Unit 2 has completed a 168-hour full-power continuous operation assessment and is ready for commercial operation, increasing the company's operational nuclear units to 27 [6] - Guoxin Technology successfully tested its new neural network processor DPNPU, aimed at high-performance AI processing, although it is still in the early market introduction phase [7] Group 3 - Zhongjian Technology is set to initiate a collaborative development project in the field of intelligent robotics, focusing on applications and product line definitions [8] - Mengwang Technology signed a cooperation agreement worth 60 million yuan with Jiangxi Shenzhou Liuhe for the development and production of heavy-duty drone products [9] - Shengyi Technology has signed an investment intention agreement for a high-performance copper-clad laminate project, with an estimated investment of 4.5 billion yuan [10] Group 4 - Longpan Technology plans to invest 2 billion yuan in a high-performance lithium battery cathode material project, with a production capacity of 240,000 tons [11] - Tianlong Co. intends to acquire a 54.87% stake in Suzhou Haomibo Technology Co., Ltd. for 232 million yuan, expanding its presence in the sensor development field [12] - Shengyang Co. plans to acquire a 51% stake in Shenzhen Daren High-Tech Co., Ltd. for approximately 74.47 million yuan, enhancing its lithium battery management system capabilities [13] Group 5 - Jincai Hulin intends to acquire a 51% stake in Wuxi Sanli Robot Technology Co., Ltd. for 63.43 million yuan, extending its technology into the robot component manufacturing sector [14] - Jingwang Electronics has submitted an application for H-share listing on the Hong Kong Stock Exchange [15] - ST Yigou's restructuring plan has been approved by the court, allowing for the continuation of its operations [16] Group 6 - Guoguang Electric announced the lifting of restrictions on its general manager, who has returned to normal duties [17] - Fenghuang Shipping reported that its actual controller has been released from monitoring measures, with no significant impact on the company's operations [18] Group 7 - Longjian Co. reported a net profit of 405 million yuan for 2025, a decrease of 2.05% year-on-year [20] - Bailong Oriental expects a net profit increase of 46.34% to 70.73% for 2025, estimating between 600 million to 700 million yuan [21] - BYD's cumulative sales of new energy vehicles reached 4.602 million units in 2025, a year-on-year increase of 7.73% [22] Group 8 - Changan Automobile reported cumulative sales of 2.913 million vehicles in 2025, with total revenue of approximately 286 billion yuan [23] - Beiqi Blue Valley's subsidiary achieved a cumulative vehicle sales increase of 84.06% in 2025 [24] - ST Tianshan reported significant year-on-year increases in live livestock sales and revenue for December 2025 [25] Group 9 - Hunan Baiyin's shareholder reduced its stake to below 5%, with no significant impact on the company's governance structure [27] - Century Huatong plans to repurchase shares worth between 300 million to 600 million yuan [29] - Dongcheng Pharmaceutical intends to repurchase shares for an amount between 100 million to 200 million yuan [30] Group 10 - Guizhou Moutai has repurchased 87,059 shares for a total of 120 million yuan [31] - Ningde Times has repurchased 15.99 million A-shares for a total of 4.386 billion yuan [33]

Investment Agreements - Longpan Technology plans to invest 2 billion yuan to establish a high-performance lithium battery cathode material project [2] - Yanjing Co. intends to acquire control of high-frequency carrier board manufacturer Yongqiang Technology, with stock suspension [2] - Zhongjian Technology has approved a project for the collaborative development of intelligent robots [2] - Mengwang Technology signed a cooperation agreement worth 60 million yuan with Shenzhou Liuhe for the R&D and production of heavy-lift drones [3] - Jiu Ding New Materials plans to invest 246 million yuan to build a large-scale wind turbine blade production line [4] - Jincai Hulin intends to acquire 51% of Wuxi Sanli for 63.43 million yuan [5] - Changyuan Power plans to invest in a 100MW wind farm project in Hubei Province with a total investment of 562 million yuan [7] - Shengyang Co. plans to acquire 51% of Shenzhen Daren High-Tech for 74.47 million yuan [8] Shareholding Changes - *ST Zhongzhuang announced a change in actual control to Long Jisheng due to the execution of a restructuring plan [9] - Hunan Baiyin's major shareholder reduced its stake to below 5% [10] Stock Buybacks - Century Huatong plans to repurchase shares worth between 300 million and 600 million yuan [11] - Dongcheng Pharmaceutical intends to repurchase shares for 100 million to 200 million yuan [12] - Ningde Times has repurchased a total of 15.99 million A-shares for 4.386 billion yuan [13] Business Operations and Performance - Bailong Oriental expects a net profit increase of 46.34% to 70.73% in 2025 [13] - Longjian Co. anticipates a net profit of 405 million yuan in 2025, a decrease of 2.05% [13] - BYD reported cumulative sales of 4.602 million new energy vehicles in 2025, a 7.73% increase year-on-year [14] Financing and Capital Increases - Zhenhua Co. plans to issue convertible bonds to raise no more than 878 million yuan for projects [15] - Huashu Holdings intends to raise up to 600 million yuan through a private placement to Hongtai Group [15] Other Developments - Xinxing Chemical has resumed production of biomass cellulose filament products after equipment upgrades [24] - Guoguang Electric announced the resumption of the general manager's duties after the lifting of restrictions [25]