Group 1 - The company Farsen held its 31st meeting of the 11th board of directors on January 14, 2026, to discuss the proposal for the first extraordinary shareholders' meeting of 2026 [1] - Haili Bio's acquisition has seen a ninefold increase in value, but its valuation has halved in eight months, raising concerns about its financial stability [1] - The largest customer of Haili Bio is a company that has not yet been established, indicating unusual circumstances surrounding its business operations [1]

证券代码：000890 证券简称：法尔胜 公告编号：2026-004 江苏法尔胜股份有限公司 关于公司 2026 年度日常关联交易预计的公告 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。 重要内容提示： 1、江苏法尔胜股份有限公司（以下简称"公司"或"本公司"）第十一届 董事会第三十一次会议审议通过了《关于公司2026年度日常关联交易预计的议 案》。 2、上述议案尚需提交公司2026年第一次临时股东会审议。 一、日常关联交易基本情况 （一）日常关联交易概述 2026年度，公司及下属子公司拟与关联方法尔胜泓昇集团有限公司及其下属 企业达成日常关联交易，预计总金额不超过人民币73,085万元。2025年1-11月同 类交易实际发生总金额为26,704万元。 | 关联交易类 | | | 2025 年 1-11 | | 实际发生额 | 实际发生额 | 披露日期及 | | --- | --- | --- | --- | --- | --- | --- | --- | | 别 | 关联人 | 关联交易内容 | 月发生金额 | 预计金额 | 占同类业务 | 与预计金额 | ...

江苏法尔胜股份有限公司 关于召开 2026 年第一次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2026 年第一次临时股东会 2、股东会的召集人：董事会。江苏法尔胜股份有限公司（以下简称"公司"）第十一 届董事会第三十一次会议于 2026 年 1 月 14 日召开，审议通过了《关于召开 2026 年第一 次临时股东会的议案》。 证券代码：000890 证券简称：法尔胜 公告编号：2026-005 3、董事会认为本次股东会的召开符合有关法律、行政法规、部门规章、规范性文件和 《公司章程》的规定，合法、合规。 4、会议时间： （1）现场会议时间：2026 年 01 月 30 日（星期五）14:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 01 月 30 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2026 年 01 月 30 日 9:15 至 15:00 的任意时间。 5、会议的召开方 ...

证券代码：000890 证券简称：法尔胜 公告编号：2026-003 江苏法尔胜股份有限公司 第十一届董事会第三十一次会议决议公告 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、董事会会议召开情况 1、江苏法尔胜股份有限公司（以下简称"公司"）第十一届董事会第三十 一次会议通知于 2026 年 1 月 9 日以传真、电子邮件和电话等方式发出。 2、本次董事会会议于 2026 年 1 月 14 日（星期三）14:00 在公司二楼会议 室召开，会议采用现场结合通讯表决的方式。 3、本次董事会会议应出席的董事人数为 11 人，实际出席会议的董事人数 11 人。 4、本次董事会由公司董事长陈明军先生主持，全体高级管理人员列席了会 议。 公司及下属子公司 2026 年度拟与关联方法尔胜泓昇集团有限公司及其下属 企业达成的日常关联交易，预计总金额不超过人民币 73,085 万元。 公司独立董事专门会议审议通过了本议案。 表决结果：8 票同意，0 票反对，0 票弃权，关联董事陈明军先生、黄芳女 士、黄彦郡先生回避表决。 本议案尚需提交公司股东会审议。 具体内容详见同日 ...

Group 1 - The core point of the article is that the company, Farshun, has announced a plan to issue a directed share placement of 310 million yuan to its controlling shareholder, which is currently in progress [2] - The company has indicated that further updates regarding this project will be provided in subsequent announcements [2]

（文章来源：证券日报） 证券日报网讯 1月12日，法尔胜在互动平台回答投资者提问时表示，截至2026年1月9日公司股东人数为 46027户。 ...

Core Viewpoint - Falsheng (000890.SZ) is facing significant financial challenges, including negative net assets and a shrinking core business, while attempting to navigate these issues through strategic asset sales and capital injections to avoid delisting risks [1][5]. Group 1: Financial Maneuvers - The company plans to sell a 10% stake in China Bekaert Steel Cord Co., Ltd. to Bekaert for 161 million yuan, which is a discounted sale compared to its previous valuation of 178.1 million yuan, resulting in a loss of approximately 9.6% [2][3]. - The sale of this profitable asset, which contributed significantly to the company's revenue and net assets, raises concerns about the company's long-term viability as it exacerbates the risk of delisting [3][4]. - A cash donation of 85 million yuan from the controlling shareholder is intended to improve the company's net assets by the end of 2025, but this may only provide a temporary solution to its financial troubles [5][6]. Group 2: Business Challenges - Falsheng's core business has been suffering due to industry overcapacity, homogenized competition, and aging equipment, leading to declining revenues and profit margins [6]. - The company's attempts to diversify into the environmental sector have not yielded the expected results, with significant losses reported and goodwill impairments recognized [6]. - The ongoing financial maneuvers, including asset sales and capital injections, are seen as short-term fixes rather than sustainable solutions to restore the company's operational capabilities [6].

Group 1 - The environmental equipment sector increased by 0.66% on January 12, with Senyuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Senyuan Co., Ltd. saw a significant rise of 13.05%, closing at 10.22, with a trading volume of 515,400 shares [1] Group 2 - The environmental equipment sector experienced a net outflow of 45.58 million yuan from institutional investors, while retail investors saw a net outflow of 12.19 million yuan [2] - The sector had a net inflow of 57.76 million yuan from speculative funds [2] - The trading data indicates that the stock of Farsen Co., Ltd. had a net inflow of 91.00 million yuan from institutional investors, but a net outflow from retail investors [3]

Core Viewpoint - The company Falson plans to sell a 10% stake in China Belkalt Steel Cord Co., Ltd. for 161 million yuan, indicating a strategic move to alleviate financial pressure and divest non-core assets [1][2] Group 1: Transaction Details - Falson will sell its 10% stake in China Belkalt Steel Cord to Hong Kong Belkalt for 161 million yuan, with the transaction being an associated party deal due to the buyer being the controlling shareholder of the target company [1] - The target company reported revenues of 1.303 billion yuan, 1.286 billion yuan, and 938 million yuan for the years 2023, 2024, and the first nine months of 2025, respectively [1] - The net profits for the same periods were 80.30 million yuan, 81.15 million yuan, and 52.27 million yuan [1] Group 2: Financial Condition - Falson has faced significant financial pressure, with net profits of 11.44 million yuan, -105.93 million yuan, and -22.77 million yuan for the years 2023, 2024, and the first nine months of 2025, indicating a shift from profit to loss [2] - As of September 2025, Falson's total assets were 986 million yuan, total liabilities were 937 million yuan, and the current ratio was only 0.42, indicating severe short-term solvency issues [2] - The company plans to use the proceeds from the sale to repay debts and improve liquidity, but will incur an investment loss of approximately 17.10 million yuan from the transaction [2]

Core Viewpoint - The company Farsen plans to sell a 10% stake in Beicarte Steel Wire for 161 million yuan, marking a significant asset disposal aimed at improving its financial situation amid rising debt levels and declining operational capacity [1][3]. Group 1: Transaction Overview - The transaction involves the sale of a 10% stake in Beicarte Steel Wire to Hong Kong Beicarte for a cash consideration of 161 million yuan [2]. - After the transaction, Farsen will no longer hold any equity in Beicarte Steel Wire, which will be fully controlled by Beicarte Group [3]. - The transaction does not include any performance guarantees or compensation clauses [3]. Group 2: Financial Context - Farsen's debt-to-asset ratio has been increasing, reaching 95.07% by September 2025, indicating a declining ability to repay debts [4]. - The company's liquidity ratios, including current and quick ratios, have shown a downward trend, reflecting weakened financial health [4]. - The company reported a net profit of 5,227 million yuan for the first nine months of 2025, down from 8,030 million yuan in 2023 [9][10]. Group 3: Industry and Market Dynamics - The steel wire industry is facing intensified competition and overcapacity issues, with domestic companies like Xingda International and Daye Co. gaining market share [5]. - Beicarte Steel Wire, previously considered a "cash cow," has seen declining operational efficiency due to aging production equipment [5]. - The transaction is seen as a strategic move for Farsen to divest from non-core assets and focus on its main business areas, which include metal products and environmental services [7]. Group 4: Approval and Regulatory Aspects - The transaction has been approved by Farsen's board and is pending further approvals from shareholders and regulatory bodies [6]. - The asset valuation for the transaction was based on assessments from an independent agency, with a premium of 115.61% over the evaluated equity value [10][11]. Group 5: Implications and Future Outlook - The sale is expected to enhance Farsen's asset liquidity and allow for a more focused approach on its core business [7]. - Analysts view this move as critical for Farsen, which is on the brink of delisting due to negative net assets, emphasizing the urgency of improving its financial standing [17].