Industry News - The Ministry of Finance and the State Administration of Taxation announced a new policy on the value-added tax for personal housing sales, effective from January 1, 2026. Homes sold within two years of purchase will incur a 3% VAT, while those sold after two years will be exempt from VAT [3]. - The Ministry of Education plans to continue promoting artificial intelligence in education, with related policy documents expected to be released next year [3]. - The Ministry of Industry and Information Technology and other departments issued a digital transformation implementation plan for the automotive industry, aiming for significant improvements in manufacturing capabilities and digital levels by 2027 [3]. - In November 2025, global automobile sales reached 8.59 million units, a year-on-year increase of 1%, with China's global market share rising to 40%, up 1 percentage point from the previous year [3]. - A new generation of the Honghu HH-200 commercial drone developed by Aviation Industry Corporation of China was unveiled, marking a breakthrough in low-altitude logistics transportation technology [4]. - In 2026, China will accelerate the construction of a digital economy, implementing the "East Data West Computing" project and fostering a national integrated data market [4]. - The Beijing Municipal Health Commission issued measures to support the innovation and development of the artificial intelligence industry in the healthcare sector for 2026-2027 [4]. Company News - Tianpu Co., Ltd. announced a cumulative stock price increase of 718.39% from August 22 to December 30, leading to a suspension for verification [5]. - Zijin Mining announced a projected net profit increase of 59%-62% for 2025, driven by rising sales prices of gold, copper, and silver [5]. - Wuzhou New Spring reported a recent reduction of 2.73% in total share capital by its controlling shareholder [5]. - Superjet Co., Ltd. announced the completion of its controlling shareholder's reduction plan [5]. - Jinpan Technology signed a contract for an overseas data center project worth approximately 696 million yuan [5]. - Shengxin Lithium Energy plans to acquire a 30% stake in Qicheng Mining for 2.08 billion yuan, with the latter's lithium mine under development [5]. - Mindray Bio-Medical Electronics announced a cash acquisition of 100% of Wuhan Bikaier Rescue Supplies Co., Ltd., expected to constitute a major asset restructuring [5]. - China National Airlines plans to purchase 60 Airbus A320NEO aircraft at a total catalog price of approximately 9.53 billion USD, with deliveries scheduled between 2028 and 2032 [5].

点评：盐湖股份拟斥资46.05亿元现金收购五矿盐湖51%股权，是盐湖资源整合的"关键落子"。此次收购 通过与同处青海的优质盐湖资产进行整合，实现技术、开采与产业链的深度协同。此举大幅提升了公司 在钾锂领域的行业集中度和话语权，加速了"世界级盐湖产业基地"的建设进程，进一步巩固了其作为行 业龙头的护城河与长期竞争力。 丨2025年12月31日星期三丨 NO.1 天齐锂业：董事兼高管邹军辞职 12月30日，天齐锂业公告称，公司董事兼副总经理、财务负责人邹军因个人职业规划原因申请辞去相关 职务，辞职后不再担任公司任何职务。其原定任期至2026年4月13日止。同时，公司于同日召开董事 会，同意聘任朱辉担任公司副总经理兼财务负责人，任期自董事会审议通过之日起至本届董事会任期届 满日止。 点评：天齐锂业财务负责人"正常交接"，邹军因个人原因提前离任，由朱辉接任，未导致董事人数不 足，公司强调不影响日常经营与决策，属于常规人事调整。在锂价低迷、行业出清背景下，市场对管理 层变动较敏感，但目前信息未释放利空信号，更多应视作公司内部梯队优化的延续，对公司基本面无实 质冲击。 NO.2 盐湖股份：拟46.05亿元现金收购五矿盐湖 ...

盐湖股份（000792）（000792）12月30日晚间公告，拟斥资46亿元向控股股东收购五矿盐湖有限公司 （下称"五矿盐湖"）51%股权，后者未来三年累计业绩承诺超21亿元。 公告显示，盐湖股份当日与控股股东中国盐湖签署了《股权转让协议》，公司拟以支付现金方式收购五 矿盐湖51%股权，交易价格为46.05亿元。本次交易完成后，公司将成为五矿盐湖的控股股东，五矿盐 湖将纳入公司合并报表范围，本次关联交易不构成重大资产重组。 盐湖股份表示，本次交易的目的是为了加快推进世界级盐湖产业基地建设，推动盐湖产业整合融合，妥 善解决同业竞争问题，持续提升上市公司质量。2024年，中国五矿曾出具了《关于避免同业竞争的承 诺》，承诺妥善解决五矿盐湖与公司间的同业竞争问题，本次交易是中国五矿积极履行资本市场承诺的 重要举措。 五矿盐湖主要通过一里坪盐湖从事盐湖锂、钾资源的开发，一里坪盐湖位于柴达木盆地中部盐湖带的中 西部。根据《青海省冷湖行委一里坪盐湖锂矿2024年储量年度报告》，截至2024年末，五矿盐湖氯化锂 保有资源量为164.59万吨，氯化钾保有资源量为1463.11万吨。 目前，五矿盐湖的主要产品为碳酸锂、磷酸锂、氢 ...

拟购五矿盐湖51%股权 盐湖股份再扩资源版图 ◎记者 李少鹏 若成功控股五矿盐湖有限公司（下称"五矿盐湖"），盐湖股份的行业龙头地位将得到进一步巩固。 盐湖股份12月30日晚发布公告，拟以46.05亿元现金收购控股股东中国盐湖工业集团有限公司（下称"中 国盐湖"）持有的五矿盐湖51%股权。交易完成后，五矿盐湖将成为公司的控股子公司，并纳入公司合 并报表范围。 盐湖股份欲控股五矿盐湖一事在市场预期之内。盐湖股份、五矿盐湖共同实控人中国五矿在2024年就作 出关于避免同业竞争的承诺，承诺妥善解决五矿盐湖与盐湖股份之间的同业竞争问题。 解决同业竞争 盐湖股份拿下五矿盐湖控制权 具体来看，盐湖股份与中国盐湖在12月30日签署了关于五矿盐湖股权转让的协议。根据转让协议，盐湖 股份拟以支付现金方式收购五矿盐湖51%股权，交易价格为46.05亿元。 公告显示，经采用资产基础法评估，五矿盐湖所有者权益账面价值为19.96亿元，评估值为90.3亿元，增 值70.34亿元，增值率为352.42%。由于中国盐湖为盐湖股份的控股股东，本次交易构成关联交易。 事实上，这笔交易主要是为解决盐湖股份及五矿盐湖实控人中国五矿旗下盐湖资源开发 ...

若成功控股五矿盐湖有限公司（下称"五矿盐湖"），盐湖股份的行业龙头地位将得到进一步巩固。 盐湖股份12月30日晚发布公告，拟以46.05亿元现金收购控股股东中国盐湖工业集团有限公司（下称"中 国盐湖"）持有的五矿盐湖51%股权。交易完成后，五矿盐湖将成为公司的控股子公司，并纳入公司合 并报表范围。 盐湖股份欲控股五矿盐湖一事在市场预期之内。盐湖股份、五矿盐湖共同实控人中国五矿在2024年就作 出关于避免同业竞争的承诺，承诺妥善解决五矿盐湖与盐湖股份之间的同业竞争问题。 解决同业竞争 盐湖股份拿下五矿盐湖控制权 具体来看，盐湖股份与中国盐湖在12月30日签署了关于五矿盐湖股权转让的协议。根据转让协议，盐湖 股份拟以支付现金方式收购五矿盐湖51%股权，交易价格为46.05亿元。 公告显示，经采用资产基础法评估，五矿盐湖所有者权益账面价值为19.96亿元，评估值为90.3亿元，增 值70.34亿元，增值率为352.42%。由于中国盐湖为盐湖股份的控股股东，本次交易构成关联交易。 事实上，这笔交易主要是为解决盐湖股份及五矿盐湖实控人中国五矿旗下盐湖资源开发企业的同业竞争 问题。 回顾来看，由中国五矿牵头组建的中国盐湖 ...

在本次交易中，依据资产基础法评估，五矿盐湖股东全部权益价值评估增值率达到352.42%，其采矿权 增值约69亿元。 盐湖股份（000792）12月30日晚间公告，拟斥资46亿元向控股股东收购五矿盐湖有限公司（下称"五矿 盐湖"）51%股权，后者未来三年累计业绩承诺超21亿元。 公告显示，盐湖股份当日与控股股东中国盐湖签署了《股权转让协议》，公司拟以支付现金方式收购五 矿盐湖51%股权，交易价格为46.05亿元。本次交易完成后，公司将成为五矿盐湖的控股股东，五矿盐 湖将纳入公司合并报表范围，本次关联交易不构成重大资产重组。 盐湖股份表示，本次交易的目的是为了加快推进世界级盐湖产业基地建设，推动盐湖产业整合融合，妥 善解决同业竞争问题，持续提升上市公司质量。2024年，中国五矿曾出具了《关于避免同业竞争的承 诺》，承诺妥善解决五矿盐湖与公司间的同业竞争问题，本次交易是中国五矿积极履行资本市场承诺的 重要举措。 五矿盐湖主要通过一里坪盐湖从事盐湖锂、钾资源的开发，一里坪盐湖位于柴达木盆地中部盐湖带的中 西部。根据《青海省冷湖行委一里坪盐湖锂矿2024年储量年度报告》，截至2024年末，五矿盐湖氯化锂 保有资源量为1 ...

Group 1 - Dongjie Intelligent has decided to terminate the planning of a major asset restructuring involving the acquisition of control over Aobo Intelligent Technology, with no adverse impact on its business operations or financial status [2] - Aobo Intelligent's stock will resume trading on December 31, 2025, after a one-month commitment not to plan any major asset restructuring [2] - Aoyuan Ceiling announced a change in its actual controller to Shi Qiming, following a share transfer agreement involving significant shareholders [3] - The share transfer price is set at 29.41 yuan per share, with the new controller acquiring a total of 29.99% of the voting rights [3] Group 2 - Mingde Bio plans to acquire 100% of Wuhan Bikaier Rescue Supplies Co., Ltd. for cash, which is expected to constitute a major asset restructuring [4] - The acquisition will enhance Mingde Bio's emergency rescue business, extending its services from medical institutions to industrial and household scenarios [4] - China National Airlines intends to purchase 60 Airbus A320NEO aircraft for a total catalog price of approximately $9.53 billion, with deliveries scheduled between 2028 and 2032 [6] Group 3 - Guotou Zhonglu plans to issue shares to acquire 100% of China Electronic Engineering Design Institute for a transaction price of 6.026 billion yuan [7] - Jiangmei Packaging has experienced significant stock price fluctuations, with a potential application for suspension of trading if prices continue to rise abnormally [8] - Shichuang Energy's actual controller has undergone a divorce, resulting in a transfer of shares valued at approximately 446 million yuan [9] Group 4 - Shengxin Lithium Energy intends to acquire a 30% stake in Qicheng Mining for 2.08 billion yuan, aiming for full ownership post-transaction [10] - Yanshan Co. plans to acquire a 51% stake in Wukuang Yanshan for 4.605 billion yuan, with the transaction subject to shareholder approval [11] - Enjie Co. plans to use up to 3 billion yuan of idle funds to purchase bank wealth management products [12] Group 5 - Zijin Mining expects a net profit increase of 59%-62% for 2025, driven by higher production and sales prices of key mineral products [17] - Zhongju High-tech plans to repurchase shares worth between 300 million and 600 million yuan for capital reduction purposes [19] - Baili Tianheng intends to repurchase shares for 100 million to 200 million yuan, with a maximum price of 546 yuan per share [20] Group 6 - Shenxin Technology's major shareholder plans to reduce its stake by up to 3% due to funding needs [23] - Chaojie Co. has completed its previously disclosed share reduction plan, with a total reduction of 3.00% of the company's total shares [24] - Youbo Technology's major shareholder plans to reduce its stake by up to 2.96% for operational needs [25] Group 7 - Shensi Electronics has won a bid for a 200 million yuan project related to low-altitude flight management services [29] - Zhejiang Construction's subsidiary has signed an 1.8 billion yuan construction contract for a university campus project [30] - Jinpan Technology has signed a contract for an overseas data center project worth approximately 696 million yuan [31]

今日焦点 紫金矿业：2025年净利润同比预增59%—62% 紫金矿业公告称，紫金矿业预计2025年度归属于上市公司股东的净利润约510亿元-520亿元，同比增加 约59%-62%。报告期内，主要矿产品产量同比增长，其中矿产金、矿产铜、矿产银产量及销售价格上 升，当量碳酸锂产量大幅增长，推动公司盈利显著提升。 天普股份：8月22日至12月30日累计上涨718.39% 股票明起停牌核查 天普股份公告称，鉴于近期公司股票价格短期波动较大，且公司股价累计涨幅较大，自8月22日至12月 30日累计上涨718.39%，期间已累积巨大交易风险，现已严重偏离上市公司基本面，为进一步维护投资 者利益，公司就近期股票交易情况进行停牌核查。经向上海证券交易所申请，公司股票将于2025年12月 31日（星期三）开市起停牌，自披露核查公告后复牌。公司无开展人工智能相关业务的计划，与股东中 昊芯英未签订任何框架性合作协议。中昊芯英自身现有资本证券化路径与上市公司无关，无资产注入计 划。 盐湖股份：拟46.05亿元现金收购五矿盐湖51%股权 明德生物公告称，公司与蓝帆医疗签署《股权收购意向协议》，拟以现金方式收购武汉必凯尔救助用品 有限公 ...

Mergers and Acquisitions - Yilong Co. plans to acquire 51% stake in Wenkong Salt Lake from its controlling shareholder for a cash consideration of 4.605 billion yuan, making Wenkong Salt Lake a subsidiary and included in the consolidated financial statements [1] - Shengxin Lithium Energy intends to acquire 30% stake in Qicheng Mining for 2.08 billion yuan, which will result in 100% ownership of Qicheng Mining, enhancing control over Huirong Mining, known for its high-grade lithium mine with an annual production capacity of 3 million tons [2] - Mingde Bio plans to acquire 100% stake in Wuhan Bikaier Rescue Supplies for cash, which is expected to constitute a major asset restructuring [3] - CITIC Special Steel's wholly-owned subsidiary plans to acquire 100% stake in Fujing Special for 1.51 billion yuan, which will support the company's global strategy and optimize its industrial chain [4] Shareholding Changes - Su Shi Testing's controlling shareholder plans to reduce its stake by up to 2%, equating to a maximum of 10.17 million shares, representing 6.26% of its holdings [5] - Hongxun Technology's controlling shareholder intends to reduce its stake by up to 3%, totaling a maximum of 1.21266 million shares through various methods [6] - Youbuxun's controlling shareholder and its concerted action party plan to reduce their combined stake by up to 2.96%, amounting to a maximum of 950.22 million shares [7]

1、李强签署国务院令，公布《中华人民共和国增值税法实施条例》 重要程度：★★★★★ 国务院总理李强日前签署国务院令，公布《中华人民共和国增值税法实施条例》，自2026年1月1日起施 行。《条例》旨在贯彻落实《中华人民共和国增值税法》，共6章54条，主要规定了以下内容。一是细化 纳税人和征税范围。二是明确税率适用。三是确定不同情形应纳税额计算方法。四是完善税收优惠。五是 健全征管措施。 2、发改委等两部门重磅！以旧换新政策公布 涉及汽车、手机、平板、智能眼镜等 设备更新方面：将住宅老旧电梯更新由定额补贴调整为按电梯层(站)数分档差异化补贴；在老旧营运货车 报废更新补贴中，优先支持更新为电动货车。 消费品以旧换新方面：在保持汽车补贴上限不变的基础上，将定额补贴调整为按车价比例进行补贴；家电 以旧换新调整为补贴1级能效或水效产品，补贴产品售价的15%，单件补贴上限为1500元； 数码和智能产品的补贴标准保持此前数码产品标准不变。 3、两部门发布公告！明年起个人买房满两年卖出时免征增值税 重要程度：★★★ 财政部、税务总局发布关于个人销售住房增值税政策的公告。个人(不含个体工商户中的一般纳税人，下 同)将购买不足2年 ...