Core Viewpoint - The transfer of 90.21% equity of Zhuhai Dahongqin Group to Zhuhai Guanghua Group is a significant move in the reform of state-owned enterprises in Zhuhai, aimed at strategic restructuring and resource optimization [1][3]. Group 1: Acquisition Details - Zhuhai Guanghua Group acquired 90.21% equity of Zhuhai Dahongqin Group from Zhuhai State-owned Assets Supervision and Administration Commission through a non-compensatory transfer [1][3]. - Following the acquisition, Zhuhai Guanghua Group indirectly holds 30.58% voting rights in Shijie Holdings, 37.96% in *ST Baoying, and 60.28% in Shiron Zhaoye [4]. Group 2: Financial Overview - As of June 2025, Zhuhai Guanghua Group's total assets are over 170 billion, with net assets of 50 billion [2]. - In 2024, Zhuhai Guanghua Group reported revenue of 2.699 billion and a net profit of 19.817 million [5]. Group 3: Broader Context of State-Owned Enterprise Reform - The Zhuhai State-owned Assets Supervision and Administration Commission has been actively pursuing reforms, with significant restructuring efforts announced in March 2025 [6]. - The ongoing reforms have already impacted nine listed companies, indicating a broader trend of strategic realignment within Zhuhai's state-owned enterprises [6].

证券简称：*ST 宝鹰 证券代码：002047.SZ 深圳市宝鹰建设控股集团股份有限公司 收购报告书 签署日期：二零二五年九月 上市公司名称： 深圳市宝鹰建设控股集团股份有限公司 股票上市地点： 深圳证券交易所 股票简称： *ST 宝鹰 股票代码： 002047.SZ 收购人： 珠海市珠光集团控股有限公司 住所及通讯地址： 珠海市吉大石花东路 207 号 深圳市宝鹰建设控股集团股份有限公司收购报告书 收购人声明 一、本报告书系收购人依据《中华人民共和国证券法》《上市公司收购管理 办法》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公司收 购报告书》及其他相关法律、法规及部门规章的有关规定编写。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行 证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》的规定， 本报告书已全面披露了收购人在深圳市宝鹰建设控股集团股份有限公司拥有权 益的股份。截至本报告书签署日，除本报告书披露的持股信息外，收购人没有通 过任何其他方式在深圳市宝鹰建设控股集团股份有限公司拥有权益。 三、收购人签署本报告书已获得必要的授权和批准，其履行亦不 ...

关于珠海市珠光集团控股有限公司 免于发出要约事宜 关于珠海市珠光集团控股有限公司 免于发出要约事宜 之 法律意见书 中国 深圳 福田区 益田路6001号太平金融大厦11-12楼 邮政编码：518038 11F-12F, TAIPING FINANCE TOWER, 6001 YITIAN ROAD, FUTIAN, SHENZHEN, CHINA 电话（Tel.）：（0755）88265288 传真（Fax.）：（0755）88265537 网址（Website）：http://www.sundiallawfirm.com 1 法律意见书 广东信达律师事务所 之 法律意见书 致：珠海市珠光集团控股有限公司 广东信达律师事务所（以下简称"信达"）接受珠海市珠光集团控股有限公 司（以下简称"收购人"或"珠光集团"）的委托，作为其特聘法律顾问，根据 《中华人民共和国公司法》《中华人民共和国证券法》（以下简称《证券法》）、 《上市公司收购管理办法》（以下简称《收购管理办法》）等法律、行政法规、 部门规章及其他规范性文件的有关规定，就收购人拟以无偿划转方式受让珠海市 人民政府国有资产监督管理委员会（以下简称"珠海市国资 ...

广东信达律师事务所 中国 深圳 福田区 益田路6001号太平金融大厦11-12楼 邮政编码：518038 11F-12F, TAIPING FINANCE TOWER, 6001 YITIAN ROAD, FUTIAN, SHENZHEN, CHINA 电话（Tel.）：（0755）88265288 传真（Fax.）：（0755）88265537 网址（Website）：http://www.sundiallawfirm.com 1 关于深圳市宝鹰建设控股集团股份有限公司 法律意见书 收购报告书 之 关于深圳市宝鹰建设控股集团股份有限公司 收购报告书 法律意见书 广东信达律师事务所（以下简称"信达"）接受珠海市珠光集团控股有限公 司（以下简称"收购人"或"珠光集团"）的委托，作为其特聘法律顾问，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司收购管理办法》 《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公司收购报 告书》等法律、行政法规、部门规章及其他规范性文件的有关规定，就珠光集团 拟以无偿划转方式受让珠海市人民政府国有资产监督管理委员会持有的珠海大 横琴集团有限公司 90. ...

Group 1 - The core point of the news is the significant change in the upper equity structure of three listed companies: *ST Baoying, Shiyong Zhaoye, and Shilianhang, due to the transfer of 90.21% equity of Dahongqin Group from Zhuhai State-owned Assets Supervision and Administration Commission to Zhuhai Zhuguang Group [1][2] - Following the equity transfer, Zhuguang Group will indirectly hold 37.96% voting rights in *ST Baoying, 60.28% in Shiyong Zhaoye, and 30.58% in Shilianhang through Dahongqin Group [1][2] - The transfer is part of a strategic move by Zhuhai City to optimize the layout of state-owned assets and deepen the reform of state-owned enterprises, aiming to concentrate quality resources on advantageous enterprises [2][3] Group 2 - Analysts believe that while the short-term impact of the equity transfer on the three companies may be minimal, the long-term effects, such as potential business transformations and new opportunities for financing and resource integration, are noteworthy [3] - *ST Baoying, as a comprehensive engineering service provider, may benefit from increased opportunities in major projects related to the Guangdong-Hong Kong-Macao Greater Bay Area, particularly in the Hengqin Guangdong-Macao Deep Cooperation Zone [3] - Zhuhai Zhuguang Group is recognized as an important strategic platform within the Zhuhai state-owned asset system, with a history of cross-border investment and financing experience [3][4] Group 3 - The organizational changes include the appointment of Wang Yusheng as the new Party Secretary and Chairman of Zhuguang Group, who has prior experience with Dahongqin Group, indicating a strategic intent for smooth integration [4] - The significant changes in Zhuguang Group's business scope, including new activities related to asset management and investment, suggest potential expansion into new business areas [4] - The overall context of the equity adjustment is linked to the development needs of the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to enhance the operational efficiency of state-owned capital by combining Dahongqin's development capabilities with Zhuguang's cross-border capital operation advantages [4]

New Stock Offerings - Fushun Special Steel (600399) is undergoing a tender offer period from August 12, 2025, to September 10, 2025[1] - *ST Tianmao (000627) has a cash option declaration period from September 15, 2025, to September 19, 2025[1] - Tianpu Co., Ltd. (605255) has announced its latest updates on September 4, 2025[1] Market Alerts - Kaipu Cloud (688228) has reported severe abnormal fluctuations as of August 30, 2025[1] - Siquan New Materials (301489) and Xinhua Jin (600735) also reported significant market movements on August 22 and August 30, 2025, respectively[1] - Multiple companies including *ST Baoying (002047) and Wantong Development (600246) have updates as of September 4, 2025[1] Trading Notifications - A total of 30 companies have issued trading notifications with specific dates for announcements and updates, indicating active market participation[1] - The report includes links to detailed announcements for each company, ensuring transparency and accessibility of information[1]

Group 1 - The company's stock (code: 002047, abbreviation: *ST Baoying) experienced an abnormal trading fluctuation, with a cumulative closing price deviation exceeding 12% over three consecutive trading days from September 1 to September 3, 2025 [1] - The company conducted an internal review regarding the abnormal stock trading and confirmed that there are no undisclosed significant information that could impact the stock price [1] - The board of directors confirmed that there are no matters that should be disclosed according to the Shenzhen Stock Exchange listing rules that have not been disclosed, nor any significant agreements or negotiations related to the matter [1] Group 2 - The company is under a delisting risk warning due to a negative internal control audit report for the year 2024, which was issued by Dahua Accounting Firm [2] - If the company meets certain negative financial criteria in the 2025 fiscal year, the Shenzhen Stock Exchange may decide to terminate its stock listing [2][3] - The company has designated China Securities Journal and Giant Tide Information Network as its official information disclosure media, and all information should be verified through these channels [3]

Core Viewpoint - The acquisition of Shenzhen Baoying Construction Holdings Group Co., Ltd. by Zhuhai Zhuguang Group Holdings Co., Ltd. is a strategic move aimed at consolidating state-owned assets and enhancing operational efficiency in line with government directives for state-owned enterprise reform [2][17]. Group 1: Acquisition Details - The acquisition involves the transfer of 90.21% equity of Zhuhai Dahongqiao Group Co., Ltd. to Zhuhai Zhuguang Group, which will indirectly hold 37.96% of the voting rights in Baoying [2][18]. - The acquisition is approved by the Zhuhai State-owned Assets Supervision and Administration Commission, allowing Zhuguang Group to bypass the requirement of making a public offer due to the nature of the asset transfer [2][22]. Group 2: Financial Overview - Zhuguang Group's recent financial performance shows total assets of approximately 1,086.24 million yuan, total liabilities of about 658.13 million yuan, and net assets of around 428.11 million yuan as of December 31, 2024 [10]. - The revenue for 2024 is reported at approximately 269.86 million yuan, with a net profit of about 1.98 million yuan, indicating a decline in profitability compared to previous years [10]. Group 3: Corporate Structure - Zhuhai Zhuguang Group is a state-owned enterprise with a registered capital of 150 million yuan, primarily engaged in enterprise management, investment activities, and asset management services [7][8]. - The actual controller of Zhuguang Group is the Zhuhai State-owned Assets Supervision and Administration Commission, which holds 90% of its shares [8][9]. Group 4: Future Plans - There are currently no plans for Zhuguang Group to increase or dispose of its shares in Baoying within the next 12 months, adhering to regulatory requirements for disclosure [17].

Core Viewpoint - The equity transfer of 90.21% of Zhuhai Dahengqin Group Co., Ltd. to Zhuhai Group will indirectly allow Zhuhai Group to control 37.96% of the voting rights in the company, but this change will not affect the company's controlling shareholder or actual controller [1][2]. Group 1: Equity Structure Change - The equity transfer will change the controlling shareholder of Dahengqin Group from Zhuhai State-owned Assets Supervision and Administration Commission to Zhuhai Group [1]. - The shareholding structure before and after the transfer is detailed, indicating no change in the number of shares or holding ratio of the controlling shareholder [2]. Group 2: Impact on Company Operations - The change in the equity structure will not have a substantial impact on the company's production and operational activities [2]. - The company emphasizes that investors should remain rational and be aware of investment risks despite the changes [2].

证券简称：*ST 宝鹰 证券代码：002047.SZ 深圳市宝鹰建设控股集团股份有限公司 收购报告书摘要 签署日期：二零二五年九月 一、本报告书摘要系收购人依据《中华人民共和国证券法》《上市公司收购 管理办法》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公 司收购报告书》及其他相关法律、法规及部门规章的有关规定编写。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行 证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》的规定， 本报告书摘要已全面披露了收购人在深圳市宝鹰建设控股集团股份有限公司拥 有权益的股份。截至本报告书摘要签署日，除本报告书摘要披露的持股信息外， 收购人没有通过任何其他方式在深圳市宝鹰建设控股集团股份有限公司拥有权 益。 三、收购人签署本报告书摘要已获得必要的授权和批准，其履行亦不违反收 购人章程或内部规则中的任何条款，或与之相冲突。 四、本次收购涉及的相关事项已取得珠海市国资委出具的《关于将珠海大横 琴集团有限公司整体无偿划转至珠海市珠光集团控股有限公司的通知》（珠国资 〔2025〕51 号）。上市公司控股股东为大横琴集团，大横琴集团直 ...