Core Viewpoint - The major shareholders of United Precision (001268.SZ) plan to reduce their holdings in the company, which may impact stock performance and investor sentiment [1] Shareholder Holdings - Chairman He Guijing holds 21,000,000 shares, accounting for 19.64% of the total share capital (after excluding shares in the repurchase account) [1] - Vice Chairman and Deputy General Manager He Junhua holds 24,000,000 shares, representing 22.45% of the total share capital [1] Reduction Plan - The shareholders plan to reduce their holdings by a total of up to 3,207,699 shares within three months after the announcement, excluding the trading window [1] - The reduction will occur through two methods: - Up to 1,069,233 shares (1.00% of total share capital) via centralized bidding [1] - Up to 2,138,466 shares (2.00% of total share capital) via block trading [1]

证券代码：001268 证券简称：联合精密 公告编号：2025-040 广东扬山联合精密制造股份有限公司 关于公司控股股东、实际控制人股份减持计划的预披露公告 公司控股股东、实际控制人之一、董事长何桂景以及公司控股股东、实际控 制人之一、副董事长、副总经理何俊桦保证向本公司提供的信息内容真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 | | | 注：除何俊桦持有的 5,600,000 股股份存在质押情形外，其余股份不存在股份质押、冻 结情形。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 广东扬山联合精密制造股份有限公司（以下简称"公司"）控股股东、实际 控制人之一、董事长何桂景持有公司股份 21,000,000 股，占公司总股本的 19.64% （已剔除公司回购专用账户中的股份数量，下同），公司控股股东、实际控制人 之一、副董事长、副总经理何俊桦持有公司股份 24,000,000 股，占公司总股本 的 22.45%。 上述股东计划在本减持计划公告披露之日起 15 个交易日后的三个月内（窗 口期除外）通过集中竞价或者大宗交易方式减持公司 ...

Group 1 - The company held an earnings briefing on September 19, 2025, via an online platform, with key executives participating [1][2] - The company plans to acquire Mite Aviation as a strategic move to enhance its presence in the precision manufacturing sector for aviation components, while acknowledging the uncertainties associated with the acquisition [3] - Following a significant stock price drop of over 8% on September 16, the company aims to focus on its core business and explore external collaboration opportunities, with a dual business model of "home appliances + military industry" planned for future development [3] Group 2 - The company reported a net profit of 19.19 million yuan for Q1 2025, representing a year-on-year increase of 20.04%, and a net profit of 51.38 million yuan for the first half of 2025, showing a 52.80% year-on-year growth [3] - As of September 10, 2025, the number of shareholders in the company was 8,513 [3] - The target company for acquisition is a supplier to major manufacturers under AVIC, including Chengfei and Shenyang Aircraft, with a diverse client base that includes various research institutes and companies in both military and civilian sectors [3]

Group 1: Acquisition and Business Direction - The acquisition of Mite Aviation is a strategic move to enhance the company's presence in the aerospace precision components manufacturing industry, with a focus on market demand and future development opportunities [1] - The company aims to cultivate new profit growth points through this acquisition, indicating a potential dual business model of "home appliances + military industry" [2] - The target company is a supplier to major manufacturers under AVIC, which includes Chengfei and Shenyang Aircraft [3] Group 2: Financial Performance and Projections - The net profit for Q1 2025 was approximately ¥19.2 million, representing a year-on-year increase of 20.04% [2] - The net profit for the first half of 2025 reached approximately ¥51.4 million, showing a year-on-year growth of 52.80% [2] - The company had 8,513 shareholders as of September 10, 2025 [2] Group 3: Market Reactions and Stability Measures - Following the announcement of the acquisition, the company's stock price fell over 8% on September 16, indicating market skepticism [1] - The board is actively seeking measures to stabilize the stock price and boost investor confidence, alongside the acquisition [1][2] - The company will continue to focus on its core business while exploring external cooperation opportunities [2]

Core Viewpoint - The stock of United Precision experienced a decline of 6.55% with a trading volume of 164 million yuan and a turnover rate of 7.45% on the day, indicating significant selling pressure from institutional investors [2] Trading Performance - The stock's price fluctuation reached 4.50% for the day, and it was listed on the Shenzhen Stock Exchange due to a price deviation of -7.38% [2] - The total trading volume for the top five buying and selling brokerage firms amounted to 50.43 million yuan, with buying transactions at 20.12 million yuan and selling transactions at 30.32 million yuan, resulting in a net selling of 10.20 million yuan [2] Institutional Activity - Institutional investors net sold 4.39 million yuan, with five specialized institutional seats participating in the trading [2] - The specific buying and selling activities of the top brokerage firms included significant net selling from institutional seats, with a total buying amount of 12.48 million yuan and selling amount of 16.87 million yuan, leading to a net selling of 4.39 million yuan [2] Fund Flow - The stock saw a net outflow of 10.64 million yuan in principal funds, with large orders contributing to a net outflow of 0.79 million yuan and a net outflow of 9.85 million yuan from larger funds [2] - Over the past five days, the stock has experienced a total net outflow of 19.03 million yuan [2]

Core Viewpoint - The company, United Precision (001268.SZ), is planning to acquire 51% of Chengdu Mite Aviation Manufacturing Co., Ltd. for a cash consideration, with the target company's overall valuation set at no more than 380 million yuan [1][2]. Group 1: Acquisition Details - The acquisition aims to diversify United Precision's revenue streams, as it currently relies heavily on sales to its largest customer, Midea Group, which accounted for 65.68% of its total sales in 2024 [2]. - Mite Aviation specializes in the research and manufacturing of aerospace standard and structural components, and it reported nearly 177 million yuan in revenue and a net profit of 30.8 million yuan last year [1][3]. - The acquisition agreement includes performance commitments for Mite Aviation, with net profits guaranteed to be no less than 5 million yuan, 18 million yuan, and 33 million yuan for the years 2025 to 2027, respectively [3]. Group 2: Financial Performance and Risks - Mite Aviation's performance has shown significant fluctuations, with an unaudited revenue of 43.6 million yuan and a net loss of 389,540 yuan in the first half of the current year [3]. - The performance commitments set for 2025 and 2026 are notably lower than Mite Aviation's 2024 net profit of 30.8 million yuan, raising concerns about the feasibility of these targets [3]. - United Precision's cash reserves were reported to be over 90 million yuan as of mid-2025, which raises questions about its ability to fund the acquisition, although it has receivables amounting to 426 million yuan that could be quickly liquidated [3].

Group 1 - Jingchen Co., Ltd. plans to acquire 100% equity of Chipmy Microelectronics for a total consideration of 316 million RMB, which will make Chipmy a wholly-owned subsidiary [1] - Kingdee International announced the acquisition of approximately 63% equity of Yunzhijia Network for 68 million RMB, aiming to enhance AI capabilities in enterprise management [2] - Purun Co., Ltd. intends to acquire SHM Holdings through cash payments to various investment funds, details of the transaction are not disclosed [3] Group 2 - Jiayun Technology's wholly-owned subsidiary is acquiring the remaining 40% equity of Beijing Wanhe for 1.14 million RMB [4] - Galaxy Magnetics is planning to issue shares and pay cash to acquire 100% equity of Sichuan Kyoto Longtai Technology, while raising supporting funds [5] - Gansu Lanke High-tech Equipment Co., Ltd. intends to acquire 100% equity of Shanghai Lanya Petrochemical Equipment Testing and 51% equity of China Air Separation Engineering [6] Group 3 - Tianrun Industrial is acquiring 100% equity of Shandong Altai Automotive Parts for 135 million RMB, with the first delivery already completed [7] - ST Quan is in the preliminary planning stage to sell 100% equity of Anhui Quanwei, with a framework agreement signed [8] - Longyang Electronics completed the acquisition of 70% equity of Suzhou Deyou New Materials for cash, constituting a major asset restructuring [9] Group 4 - United Precision Manufacturing plans to acquire 51% equity of Chengdu Mite Aviation Manufacturing for cash, with an intention agreement signed [10] - Shanghai Haili Bio-Technology adjusted the acquisition price of 55% equity of Shaanxi Ruisheng Bio-Technology due to intensified industry competition and tightened tax incentives [11] - Nanjing Shangluo Electronics' wholly-owned subsidiary intends to acquire a total of 88.79% equity of Guangzhou Ligong Technology for 70 million RMB [12] Group 5 - Sanan Optoelectronics received a regulatory letter regarding the acquisition of equity in a globally renowned LED company, focusing on the company's situation and transaction pricing [13] - Longjian Co., Ltd. plans to acquire 100% equity of Guangdong Zhimiao Construction Engineering for 40,000 RMB to expand into new regional markets [14]

Core Viewpoint - The company plans to acquire a 51% stake in Chengdu Mite Aviation Manufacturing Co., Ltd., which will become a subsidiary and included in the consolidated financial statements after the acquisition [1] Group 1: Acquisition Details - The acquisition agreement was signed on September 15, 2025, with the controlling shareholder Qiu Tinggui [1] - Mite Aviation specializes in the R&D and manufacturing of aerospace standard parts and structural components, holding complete military qualifications and full-process capabilities [1] Group 2: Financial Commitments - The target company has committed to achieving audited net profits of no less than 5 million yuan, 18 million yuan, and 33 million yuan for the years 2025, 2026, and 2027, respectively [1] - If the performance commitments are not met, the compensator will make a cash payment to cover the shortfall [1] Group 3: Strategic Benefits - The acquisition is expected to help the company expand into new business areas, cultivate profit growth points, and enhance its participation in the aerospace defense equipment sector [1] - The synergy between the target company's aerospace component R&D and manufacturing capabilities and the company's existing precision processing and management capabilities is anticipated to be significant [1] - Through subsequent resource integration, the company aims to improve overall operational efficiency and core competitiveness [1]

Group 1: Leadership Changes - Jiang Tiefeng resigned as Chairman of China Merchants Shekou due to work relocation, holding 122,000 shares of the company [1] - Zhu Wenkai has been elected as the new Chairman of the Board, effective immediately [1] Group 2: Mergers and Acquisitions - Jilin Morningstar plans to acquire 100% of Chip Micro Semiconductor for a total consideration of RMB 316 million, enhancing its capabilities in cellular and Wi-Fi communication technologies [2] - United Precision intends to acquire 51% of Chengdu Mite Aviation Manufacturing for a valuation not exceeding RMB 380 million [10] - Shangluo Electronics plans to acquire 88.79% of Ligon Technology for RMB 700 million, focusing on IC product distribution [16] Group 3: Financial Performance - Chip Micro Semiconductor reported zero revenue for 2024 and projected revenue of RMB 679,300 for the first half of 2025, with net losses of RMB 900 million and RMB 400 million respectively [3] Group 4: IPO and Financing Activities - Beijing Junzheng submitted an application for H-share listing on the Hong Kong Stock Exchange [4] - Jiangbolong received approval from the China Securities Regulatory Commission for its H-share issuance of up to 84,419,800 shares [5] - Shantui has submitted its H-share issuance application to the CSRC [6] - Yinglian plans to raise up to RMB 1.5 billion through a private placement for various projects [7] - Huichuangda intends to issue convertible bonds to raise up to RMB 650 million for battery-related projects [8] Group 5: Regulatory Compliance - *ST Lingda received a regulatory inquiry regarding insufficient impairment provisions for a project and internal control issues [9] Group 6: Control Changes - Landai Technology announced a change in control, with a significant share transfer and voting rights agreement [12]

Group 1 - The company, United Precision (001268.SZ), announced its intention to acquire a 51% stake in Chengdu Mite Aviation Manufacturing Co., Ltd. to explore new business areas and cultivate profit growth points [1] - Mite Aviation is a high-tech enterprise specializing in the research and manufacturing of aerospace standard parts and structural components, equipped with a complete military qualification system and full-process capabilities [1] - The main products of Mite Aviation include national standards, military standards, and aviation standards parts and structural components [1]