Core Viewpoint - The asset swap between Longxin General and Zongshen Power aims to resolve the existing competition between the two companies and focus on specialized development in their respective fields [1][2]. Group 1: Asset Swap Details - Longxin General plans to exchange its general machinery assets and liabilities for Zongshen Power's motorcycle engine assets and liabilities, with the core asset being the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd. [1][2] - The transaction price for the asset swap has not been determined yet and will be based on the assessed value of the assets involved [1][2]. - The swap is expected to be an associated transaction but will not constitute a major asset restructuring, and it will not involve issuing shares or changing the controlling shareholders [2]. Group 2: Company Focus Post-Swap - After the transaction, Longxin General will concentrate its resources on developing motorcycle complete vehicles and engines, enhancing core power technology research and global channel layout [2][5]. - Zongshen Power will focus on its core business in general machinery, which has technological advantages and market prospects, optimizing asset and resource allocation [2][5]. Group 3: Historical Context and Performance - The asset swap has been anticipated, with prior announcements indicating plans for capital increase and asset transfers within Longxin General [3]. - Longxin General's motorcycle business achieved sales revenue of 7.273 billion in the first half of 2025, a year-on-year increase of 23.14%, while its general machinery business saw revenue of 2.185 billion, up 52.82% [5]. - Zongshen Power's general machinery business reported revenue of 3.647 billion, a 73.06% increase, and its motorcycle engine business generated 2.330 billion, growing by 14.39% in the same period [6].

Group 1 - Chongqing Zongshen Power Machinery Co., Ltd. plans to swap its motorcycle engine business assets and liabilities with Longxin General Power Co., Ltd.'s general machinery business assets and liabilities to resolve industry competition issues [1][2] - The asset swap aims to enhance the core competitiveness of both companies by allowing them to focus on their respective strengths and optimize resource allocation [1][2] - After the transaction, Zongshen Power will concentrate on developing general machinery with technological advantages and market potential, while Longxin General will focus on motorcycle complete vehicles and engine business [2] Group 2 - The transaction will not involve issuing shares and will not change the controlling shareholders or actual controllers of either company, thus maintaining their equity structure [2]

Macro Dynamics - In January 2026, the social financing scale increased by 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [2] - The increase in RMB loans to the real economy was 4.9 trillion yuan, a decrease of 317.8 billion yuan year-on-year [2] - Net financing of corporate bonds was 503.3 billion yuan, an increase of 57.9 billion yuan year-on-year [2] - Government bonds net financing reached 976.4 billion yuan, an increase of 283.1 billion yuan year-on-year [2] Financial Institutions - The People's Bank of China and the National Financial Regulatory Administration have identified 21 systemically important banks in China, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [3] Market Data - On February 13, A-shares saw all three major indices drop over 1%, with the Shanghai Composite Index falling 1.26% to below 4100 points [10] - The Hong Kong stock market closed with the Hang Seng Index down 1.72% and the Hang Seng Tech Index down 0.9% [11] Company Dynamics - Zhengyuan Wisdom's actual controller, Chen Jian, was sentenced to three years in prison for manipulating the securities market, but the company's operations remain normal [12] - CATL, Luoyang Molybdenum, and Laopu Gold will be included in the Hong Kong Hang Seng Index, increasing the number of constituent stocks from 88 to 90 [13] - Sinopec announced the resignation of Li Yonglin from his positions as executive director and senior vice president [14][15] - Zongshen Power plans to swap its motorcycle engine business with Longxin General's general machinery business, which is expected to constitute a major asset restructuring [16]

Core Viewpoint - The news summarizes important announcements from various companies, highlighting significant developments in their operations and financial performance. Company Announcements - Tianfeng Securities received a notice from the China Securities Regulatory Commission regarding a case of information disclosure violation related to Fujian Yong'an Forestry Group, and the company will cooperate with the investigation [3] - Southwest Securities plans to raise no more than 6 billion yuan through a private placement to supplement its capital and optimize its capital structure [4] - Qiaoyin Co. has terminated its investment in the artificial intelligence industry headquarters project due to changes in cooperation conditions, with a planned investment of no more than 1 billion yuan [5] - Zongshen Power is planning a major asset swap with Longxin General, aiming to resolve competition issues and promote clearer business development [6] - Laimei Pharmaceutical's selected products for national centralized procurement are expected to generate 106 million yuan in sales for 2024, accounting for 13.35% of the company's revenue [7] Performance Reports - Huayin Technology reported a net profit of 313 million yuan for 2025, a decrease of 24.28%, with revenue of 1.251 billion yuan, up 9.83% [9] - Youlide announced a net profit of 152 million yuan for 2025, down 16.88%, with revenue of 1.221 billion yuan, up 7.99% [10][11] - Fudan Microelectronics reported a net profit of 232 million yuan for 2025, a decline of 59.42%, with revenue of 3.982 billion yuan, up 10.92% [12] - Hanzhong Precision reported a net profit of 470 million yuan for 2025, down 45.54%, with revenue of 2.928 billion yuan, a decrease of 20.32% [13] Shareholding Changes - Gaomei Co.'s controlling shareholder and several directors plan to reduce their holdings by up to 3.19% of the company's shares [15] - Guanghuan New Network's controlling shareholder intends to reduce its stake by up to 3% [16] - ST Yigou's shareholder plans to reduce its holdings by up to 2.5% [17] - Juguang Technology's shareholders plan to collectively reduce their holdings by up to 2.3339% [18] - Xiandai Jidian's shareholder intends to reduce its stake by up to 2.05% [19] - Zhejing Pharmaceutical's shareholders plan to reduce their holdings by up to 1.0385% [21] Contract Signings - China Nuclear Construction signed contracts worth 3.393 billion yuan in January, with total revenue of 7.69 billion yuan [23] - China Chemical signed contracts totaling 36.925 billion yuan in January, including significant contracts over 500 million yuan [24]

证券代码：001696 证券简称：宗申动力 公告编号：2026-04 重庆宗申动力机械股份有限公司 关于筹划重大资产置换暨关联交易的提示性公告 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： 1．重庆宗申动力机械股份有限公司（简称"公司"或"宗申动力"）拟将 其持有的摩托车发动机业务相关资产与负债（以重庆宗申发动机制造有限公司 股权为核心）与隆鑫通用动力股份有限公司（简称"隆鑫通用"，证券代码： 603766）持有的通用机械业务相关资产与负债（以重庆新隆鑫机电有限公司股 权为核心）进行置换，置换资产交易作价的差额将由一方向另一方以现金方式 补足（简称"本次资产置换"或"本次交易"）。本次交易所涉资产的具体范 围将在尽职调查、审计及评估完成后由交易各方在交易方案中进一步明确并确 定，交易作价将以符合《中华人民共和国证券法》规定的评估机构出具的评估 报告为基础，由交易各方协商确定。 2．本次交易构成关联交易。根据初步研究和测算，本次交易预计将构成《上 市公司重大资产重组管理办法》规定的重大资产重组。 3．本次交易尚处于筹划阶段，交易方案仍需进一步论证和 ...

Core Viewpoint - The company plans to conduct an asset swap with Longxin General to address competition issues and enhance long-term core competitiveness [1][2] Group 1: Asset Swap Details - The assets to be swapped include Longxin General's general machinery-related assets and liabilities, primarily the equity of Chongqing New Longxin Electromechanical Co., Ltd. [1] - The company will exchange these for its motorcycle engine-related assets and liabilities, primarily the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd. [1] - The price difference in the asset swap will be compensated in cash, and the transaction will not involve issuing shares [1] Group 2: Transaction Characteristics - The transaction constitutes a related party transaction as Longxin General is controlled by the company's actual controller, Mr. Zuo Zongshen [2] - It is expected to qualify as a major asset restructuring under the regulations of the Major Asset Restructuring Management Measures for Listed Companies [2] - The specific swap price will be determined based on the assessed value of the assets involved, and the company will engage independent advisors for due diligence [2]

Core Viewpoint - The company plans to conduct an asset swap with Zongshen Power to address competition issues, involving the exchange of motorcycle engine-related assets and liabilities for general machinery-related assets and liabilities [1] Group 1: Asset Swap Details - The company intends to acquire assets and liabilities related to motorcycle engines held by Zongshen Power, primarily focusing on the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd [1] - The company will divest its general machinery-related assets and liabilities, centered on the equity of Chongqing Xinlongxin Electromechanical Co., Ltd [1] - The cash difference will be settled without issuing new shares, indicating a straightforward asset exchange [1] Group 2: Transaction Characteristics - This transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring [1] - The transaction will not lead to changes in the controlling shareholder or actual controller of the company [1] - Currently, the transaction is in the planning stage, and the company's stock will not be suspended during this process [1]

证券日报网讯 2月10日，宗申动力在互动平台回答投资者提问时表示，公司运营一切正常，并且一直积 极接待投资机构及股东到公司现场调研。 （文章来源：证券日报） ...

Core Viewpoint - The company confirmed that there are no violations regarding major shareholders' reduction of holdings [2] Group 1 - The company responded to an investor inquiry on an interactive platform regarding potential illegal share reductions by major shareholders [2] - The company explicitly stated that it does not have any incidents of major shareholders engaging in illegal reduction of holdings [2]

（文章来源：证券日报） 证券日报网讯 2月5日，宗申动力在互动平台回答投资者提问时表示，公司扎实做好经营工作，不断推 进高质量发展，强化内部治理水平、增强信息披露的质量和透明度、加强投资者沟通等举措努力创造长 期价值。公司坚信，扎实的产业基础与可持续的业绩增长是市值的根本支撑，公司管理层将持续勤勉尽 责，不断提升公司治理水平和综合竞争力，力争以更好的经营成果回报广大投资者的信任。 ...