Group 1 - The Ministry of Commerce and nine other departments have planned the "Lego New Year" special event for the Spring Festival, allocating 2.05 billion yuan to stimulate consumer spending through vouchers, subsidies, and red envelopes [6] - The automotive industry in China showed stable performance in January 2026, with production and sales reaching 2.45 million and 2.346 million vehicles respectively, while new energy vehicles maintained steady growth [4][6] - The State Council has issued implementation opinions on improving the national unified electricity market system, aiming to establish a market where 70% of electricity consumption is traded by 2030 [4] Group 2 - The successful test of the Long March 10 rocket and the Dream Boat spacecraft marks a significant breakthrough in China's manned lunar exploration program, indicating potential growth in the commercial aerospace sector [8] - The national standard for solid-state batteries for electric vehicles is expected to be released in July 2026, with the global market for solid-state batteries projected to grow significantly from 34 GWh in 2026 to 614 GWh by 2030 [10] - The recent acquisition of Fengrui Fluorine Industry by Hainan Mining is part of a strategic focus on key resources, expected to enhance short-term earnings and long-term strategic value [22]

Core Viewpoint - Unisplendour Corporation (紫光股份) has been persistently acquiring shares of H3C Technologies (新华三) for ten years, with the latest plan to raise up to 5.57 billion yuan to acquire an additional 6.98% stake, bringing its total ownership to 87.98% [1][2][9]. Group 1: Acquisition Details - The latest acquisition involves a transaction price of 3.53 billion yuan for the 6.98% stake, valuing H3C at approximately 50.59 billion yuan for 100% ownership [1][5]. - Since 2016, Unisplendour has invested a total of 35.49 billion yuan in acquiring H3C shares, with the latest acquisition bringing the total investment to 35.49 billion yuan for an 87.98% stake [2][9]. Group 2: Financial Performance - H3C is a significant revenue contributor for Unisplendour, accounting for approximately 76.76% of the company's revenue in the first half of 2025, with H3C generating around 36.4 billion yuan in revenue [3][11]. - The acquisition of H3C has led to a substantial increase in Unisplendour's profitability, with net profit rising from 0.15 billion yuan in 2015 to over 2.1 billion yuan in 2023 [11]. Group 3: Industry Position - H3C holds a strong position in the ICT market, ranking second overall and in the CT market, while leading in the Ethernet switch and WLAN markets [12]. - As of September 2025, H3C has filed over 16,000 patents, with more than 90% being invention patents, indicating strong innovation capabilities [13].

登录新浪财经APP 搜索【信披】查看更多考评等级 股票简称：紫光股份 股票代码：000938 公告编号：2026－010 紫光股份有限公司 关于2026年度向特定对象发行A股股票摊薄即期回报、 填补措施及相关主体承诺的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 本公告中如无特别说明，相关用语具有与《紫光股份有限公司2026年度向特定对象发行A股股票预案》 中相同的含义。 紫光股份有限公司（以下简称"公司"）于2026年2月11日召开的公司第九届董事会第二十次会议审议通 过了公司2026年度向特定对象发行A股股票（以下简称"本次发行"）的相关议案。根据《国务院关于进 一步促进资本市场健康发展的若干意见》（国发[2014]17号）、《国务院办公厅关于进一步加强资本市 场中小投资者合法权益保护工作的意见》（国办发[2013]110号）和《关于首发及再融资、重大资产重 组摊薄即期回报有关事项的指导意见》（中国证券监督管理委员会公告[2015]31号）的相关规定，为保 障中小投资者知情权，维护中小投资者利益，公司就本次向特定对象发行A股股票相关事项对即期回报 ...

Group 1: Major Announcements - Unisplendour plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in New H3C and for other projects [2] - Zhongwei Semiconductor intends to establish an IPM production line project in Ziyang, Sichuan, using 1.21 billion yuan of leftover IPO funds [2] - Kaiying Network has signed a settlement agreement with Legend IP, which is expected to positively impact the company's profit by approximately 200 million yuan [2] Group 2: Project Developments - Blue Ocean Huaten plans to invest 8 million yuan in Wanren Technology to support its daily operations and AI project development [4] - Yuedian Power A has successfully put into operation the expansion project of the Huizhou Power Plant, which includes two 1000MW units [7] - Longmag Technology intends to raise up to 760 million yuan for its second phase project in Vietnam and chip inductor manufacturing [8] Group 3: Financial Performance - Top Group expects a net profit of 2.6 billion to 2.9 billion yuan for 2025, a decrease of 3.35% to 13.35% year-on-year due to rising raw material costs and increased market competition [20] - Jingchen Technology reported a net profit of 871 million yuan for 2025, a 6% increase year-on-year, with record high sales of over 174 million chips [21] - Guodian Xintong's net profit for 2025 is projected at 678 million yuan, a decline of 16.91% year-on-year, primarily due to increased credit impairment losses and tax expenses [22] Group 4: Shareholder Actions - Jieshun Technology's actual controller plans to reduce holdings by up to 2.8% of the company's shares [27] - Lihexing's controlling shareholder and concerted actors plan to collectively reduce their holdings by up to 1% [27] - Kory Technology's shareholders plan to reduce their holdings by a total of up to 3.13% [29] Group 5: Stock Buybacks - Quzhou Dongfeng plans to repurchase shares worth between 50 million and 100 million yuan, with a maximum price of 6.48 yuan per share [30]

Macroeconomic Dynamics - The State Council has issued an implementation opinion to enhance the national unified electricity market system, aiming to increase the scale of cross-provincial and cross-regional power transmission and the proportion of clean energy delivery over the next 5-10 years [1] - The implementation opinion encourages more private enterprises to participate in the electricity market and aims to improve the pricing mechanism based on supply and demand, prohibiting local governments from unlawfully implementing preferential electricity pricing policies [1] Taxation Policies - The Ministry of Finance and other departments announced that the import VAT preferential policies for anti-cancer and rare disease drugs will continue from January 1, 2026, to December 31, 2027, following the implementation of the VAT law [2] Consumer Market Initiatives - The Ministry of Commerce, in collaboration with nine departments, has planned a "New Spring" special event to distribute a total of 2.05 billion yuan in consumer vouchers, subsidies, and red packets during the Spring Festival holiday [3] Market Data - From February 1 to 8, the national retail sales of passenger vehicles reached 328,000 units, a year-on-year increase of 54%, while wholesale sales were 284,000 units, up 46% year-on-year [5] - The A-share market showed mixed results, with the Shanghai Composite Index rising by 0.09% and the ChiNext Index falling by 1.08% [6] - The Hong Kong stock market saw the Hang Seng Index increase by 0.31%, with significant gains in gold-related stocks [7] Company Developments - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, but the company states that its operations remain normal [8] - Unisplendour Corporation plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in New H3C Group and for other projects [9] - The founder of Pandonglai, Yu Donglai, announced his retirement and will transition to an advisory role, maintaining control over multiple companies [10] - NetEase reported a total revenue of 112.6 billion yuan for the year 2025, with R&D investment reaching 17.7 billion yuan, marking six consecutive years of over 10 billion yuan in R&D spending [11]

Group 1 - Unisplendour plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in H3C and for other projects [1] - Dawi Technology's Zhangbei data center project will not involve computing power leasing and is expected to have minimal revenue contribution in 2025 [2] - Kaixin Network's subsidiary signed a settlement agreement with Legend IP, which is expected to positively impact the company's profit by approximately 200 million yuan [3] Group 2 - Newray plans to acquire a 70% stake in PCB tool company Huilian Electronics for no more than 700 million yuan, enhancing its market position [4] - Shangwei New Materials' embodied intelligent robot business is still in the product development stage and has not yet generated revenue [5] - Lanshi Heavy Industry's deputy general manager is under investigation for suspected violations, but the company's operations remain unaffected [6] Group 3 - Tianji Technology is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, but its operations are normal [8] - Top Group expects a net profit decline of 3% to 13% in 2025, despite revenue growth of 8.08% to 14.10% [9] - Shoulu Hotel's subsidiary plans to invest 281 million yuan in a new hotel property project, expected to enhance its business scale and profitability [10] Group 4 - Pingzhi Information plans to raise no more than 1 billion yuan for the construction of a domestic intelligent computing center [11] - Dongfang Guoxin's Inner Mongolia intelligent computing center project has been partially completed, contributing a small revenue share [12] - Zhongwei Semiconductor intends to allocate 1 billion yuan of surplus fundraising for a new investment project [13] Group 5 - Guolin Technology plans to issue up to 16.5 million shares, which will increase its total share capital to 201 million shares [14] - Dabeinong reported a 22.71% year-on-year increase in pig sales in January [15] - Qiu Tai Technology sold 41.48 million mobile camera modules in January, a 19.5% year-on-year increase [19]

一、定增并购 1、紫光股份：拟定增募资不超55.7亿元用于收购新华三6.98%股权等事项。 2、平治信息：拟定增募资不超过10亿元用于国产智能算力中心建设项目。 3、新锐股份：拟不超7亿元收购PCB刀具公司慧联电子70%股权。 4、龙磁科技：拟定增募资不超过7.6亿元用于越南龙磁二期工程、芯片电感智造项目。 5、奥来德：以简易程序向特定对象发行股票申请获得中国证监会注册批复。 1、金海通：投资不超过4亿元建设上海澜博半导体设备制造中心建设项目。 2、恺英网络：子公司与传奇IP签订和解协议，预计对本期利润产生约2亿元正向影响。 3、中微半导：拟将1亿元节余募集资金用于新募投项目"IPM产线项目"。 4、富维股份：拟以公开摘牌方式对一汽旗翼增资1.5亿元。 5、东望时代：拟以1.94亿元购买科冠聚合物51%股权。 6、江钨装备：拟定增募资不超18.82亿元收购三家公司股权。 二、回购 衢州东峰：拟以5000万元-1亿元回购公司股份。 三、对外投资、日常经营 晚间公告 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 6、宏盛华源：子公司预中标6.21亿元南方电网项目。 7、东南网架 ...

Group 1 - The core point of the article is that Unisplendour Corporation has terminated its plan to list in Hong Kong and will instead raise up to 5.57 billion yuan through A-share placement [1][2] Group 2 - Unisplendour originally planned to initiate its Hong Kong IPO preparations in April 2025, aiming to raise approximately 7.8 billion Hong Kong dollars [2] - The company plans to issue 430 million new shares to no more than 35 specific investors, with the raised funds intended for increasing its stake in server manufacturer New H3C by 6.98%, purchasing R&D equipment, and repaying bank loans [2]

Core Viewpoint - Unisplendour Corporation plans to raise no more than 5.57 billion RMB through a private placement of A-shares while terminating the issuance of H-shares for listing on the Hong Kong Stock Exchange [1][6] Group 1: Fundraising and Investment Plans - The company intends to issue up to 430 million shares, with the net proceeds after issuance costs aimed at acquiring a 6.98% stake in H3C, purchasing R&D equipment, and repaying bank loans [1][2] - The total investment for acquiring the 6.98% stake in H3C is approximately 3.53 billion RMB, while the R&D equipment purchase is estimated at 401 million RMB, and bank loan repayment amounts to 1.67 billion RMB, totaling around 5.6 billion RMB [2] Group 2: Strategic Importance of H3C Acquisition - The acquisition of the additional stake in H3C is expected to enhance the company's control over H3C and improve profitability, as the company has seen significant growth in asset quality, revenue, and profit since acquiring a 51% stake in 2016 [2][3] - By increasing its stake in H3C to 81%, the company aims to bolster its net profit attributable to shareholders, thereby strengthening its operational sustainability [2][3] Group 3: R&D and Financial Structure - The company is focusing on capital investment to accelerate technological innovation in a rapidly evolving industry characterized by digital technologies such as AI, cloud computing, and big data [3] - The fundraising will also help reduce the company's debt-to-asset ratio, which has risen above 80% as of September 30, 2025, and optimize its financial structure by alleviating financial pressure through loan repayment [3] Group 4: H3C's Financial Performance - As of September 30, 2025, H3C reported total assets of 57.14 billion RMB, with revenues of 59.62 billion RMB and a net profit of 2.53 billion RMB for the first three quarters of 2025 [4][5]

Group 1 - Unisplendour Corporation has decided to terminate its plan to issue H-shares and list on the Hong Kong Stock Exchange due to strategic development considerations [2] - Yuandong Biotech is participating in a follow-up procurement for 13 products, with expected sales revenue of approximately 651 million yuan in 2024, accounting for 48.25% of total revenue [3] - Blue Lithium has terminated its participation in the GreenMei Indonesia project due to strategic adjustments by GreenMei, with no significant impact on its operations [4] Group 2 - Jinhaitong plans to invest up to 400 million yuan in the construction of a semiconductor equipment manufacturing center in Shanghai, covering an area of 55,000 square meters [5] - Kaiying Network's subsidiary has signed a settlement agreement with Legend IP, which is expected to positively impact profits by approximately 200 million yuan [6] - Newray plans to acquire 70% of PCB tool company Huilian Electronics for no more than 700 million yuan, enhancing its market position in the PCB tool sector [7] Group 3 - Longbai Group intends to acquire a 5.46% stake in Yunnan Guotai for 234 million yuan [8] - Dawi Technology's Zhangbei data center project is set to be completed by October 2025, primarily providing customized standard data center environments [9] Group 4 - Guobang Electronics reported a net profit of 508 million yuan for 2025, a year-on-year increase of 4.72%, despite a revenue decline of 7.92% [11] - Daotong Technology achieved a net profit of 935 million yuan in 2025, reflecting a significant year-on-year growth of 45.89% [12] - Jingchen Co. reported a net profit of 871 million yuan for 2025, with a growth of 6% year-on-year [13] Group 5 - Qizhou Dongfeng plans to repurchase shares worth between 50 million and 100 million yuan to implement an employee stock ownership plan [17] - Keri Technology's shareholders plan to reduce their holdings by a total of up to 3.13% of the company's shares [19] Group 6 - Roman Co. signed a 260 million yuan contract for a wind power project, with the company’s share of the contract amounting to approximately 190 million yuan [21] - Zhongke Haixun is expected to win projects totaling approximately 288 million yuan [22] - Shan Jian Co. won four construction projects with a total value of 4.834 billion yuan [23]