证券代码：002047 证券简称：*ST 宝鹰 公告编号：2025-088 深圳市宝鹰建设控股集团股份有限公司 关于召开2025年第四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。 深圳市宝鹰建设控股集团股份有限公司（以下简称"公司"）第八届董事会第三 十五次会议决定于 2025 年 12 月 1 日召开公司 2025 年第四次临时股东会。现就本次 股东会的相关事项通知如下： 一、召开股东会的基本情况 1、股东会届次：2025 年第四次临时股东会 2、股东会的召集人：董事会 3、会议召开的合法、合规性：公司第八届董事会第三十五次会议决议召开本次 临时股东会，本次股东会拟审议的有关事项已经公司第八届董事会第三十三次会议、 第八届董事会第三十五次会议审议通过，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《深圳市宝鹰建设控股集团股份有限公司章程》等规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 1 日（星期一）14:45 （2）网络投票时间：2025 年 12 月 1 日。其中，通过深圳证券交易所系统进行 ...

证券代码：002047 证券简称：*ST 宝鹰 公告编号：2025-086 深圳市宝鹰建设控股集团股份有限公司 第八届董事会第三十五次会议决议公告 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 深圳市宝鹰建设控股集团股份有限公司（以下简称"公司"）第八届董事会第三 十五次会议通知于 2025 年 11 月 12 日以电话、电子邮件等方式向全体董事及高级管 理人员发出，会议于 2025 年 11 月 14 日在公司会议室以通讯表决方式召开。本次会 议由董事长李鹏先生主持，会议应出席董事 8 名，实际出席董事 8 名，公司全体高级 管理人员列席本次会议。本次会议的召集、召开及表决程序符合《中华人民共和国公 司法》等有关法律、行政法规、规范性文件和《深圳市宝鹰建设控股集团股份有限公 司章程》（以下简称"《公司章程》"）的规定，合法有效。 二、董事会会议审议情况 1、会议以 4 票同意，0 票反对，0 票弃权，审议通过了《关于出售资产暨关联 交易的议案》； 为进一步盘活现有资产，优化资产结构，公司拟将名下持有的位于深圳市龙华区 福前路成霖工业 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300506 | *ST名家 | 5.05 | -5.78% | 39.16万 | 1.97亿 | | 603030 | 全筑股份 | 3.69 | -4.40% | 76.08万 | 2.86亿 | | 603828 | ST柯利达 | 7.65 | -1.16% | 7.74万 | 5928.95万 | | 002989 | 中天精装 | 26.38 | -1.01% | ﻟ 2.74万 | 7242.07万 | | 002375 | 亚厦股份 | 4.22 | 0.00% | 13.02万 | 5532.75万 | | 002811 | 郑中设计 | 12.80 | 0.08% | 5.90万 | 7606.87万 | | 002830 | 名雕股份 | 18.57 | 0.22% | 6.63万 | 1.25亿 | | 002081 | 金蟾螂 | 3.48 | 0.29% | 36.07万 | 1.26亿 | | 002856 | 美芝股 ...

从资金流向上来看，当日装修装饰板块主力资金净流出1.18亿元，游资资金净流入2966.14万元，散户资 金净流入8816.74万元。装修装饰板块个股资金流向见下表： 证券之星消息，11月13日装修装饰板块较上一交易日上涨0.6%，*ST宝鹰领涨。当日上证指数报收于 4029.5，上涨0.73%。深证成指报收于13476.52，上涨1.78%。装修装饰板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002047 | *ST宝鹰 | 3.95 | 5.05% | 32.94万 | 1.30亿 | | 002620 | ST瑞和 | 6.26 | 5.03% | 6.34万 | 3922.42万 | | 002822 | *ST中装 | 3.97 | 5.03% | 12.27万 | 4843.51万 | | 002713 | *ST东易 | 17.66 | 4.99% | 5801.4 | 1024.53万 | | 002963 | 蒙尔赛 | 17.43 | 1.99% | ...

Core Insights - The decoration and renovation sector saw a slight increase of 0.28% on November 12, with *ST Baoying leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - *ST Baoying (002047) closed at 3.76, up 5.03% with a trading volume of 799,000 shares and a turnover of 291 million yuan [1] - Other notable gainers included *ST Dongyi (002713) at 16.82, up 4.99%, and *ST Mingjia (300506) at 5.42, up 4.43% [1] - Conversely, *ST Jianyi (002789) fell 5.03% to 11.33, with a trading volume of 72,000 shares [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 145 million yuan from institutional investors, while retail investors saw a net inflow of 187 million yuan [2][3] - Major stocks like Quanzhu Co. (603030) had a net inflow of 41.13 million yuan from institutional investors, while *ST Baoying had a net inflow of 22.31 million yuan [3]

Core Viewpoint - Shenzhen Baoying Construction Holding Group Co., Ltd. (*ST Baoying) has experienced significant stock price fluctuations, with 11 out of 12 trading days resulting in price increases, raising concerns about the sustainability of this trend and the company's financial health [1][3]. Group 1: Stock Performance and Financial Metrics - As of November 6, 2025, *ST Baoying's static price-to-earnings (P/E) ratio is -7.64, and the rolling P/E ratio is -16.55, indicating substantial losses compared to the industry average P/E ratio of 26.18 [3]. - The company reported a revenue of 51,508.45 million yuan for the first three quarters of 2025, a year-on-year decline of 65.79%, and a net profit attributable to shareholders of -33.74 million yuan, reflecting a 92.21% reduction in losses [3][4]. Group 2: Control Change and Corporate Actions - The controlling shareholder, Dahongqin Group, plans to transfer control to a newly established private company, Hainan Shitong Niu, with a share transfer price of no less than 4.67 yuan per share, totaling at least 355 million yuan [4][6]. - The transfer of shares and voting rights is subject to regulatory approvals and may face significant uncertainties regarding its successful implementation [6][7]. Group 3: Future Prospects and Business Development - The company is preparing to establish a subsidiary in the high-end optical coupler sector, although it currently lacks the necessary technology and talent, and has not yet initiated any related business activities [7]. - The actual controllers of Hainan Shitong Niu, Fu Xiaoqing and Fu Xiangde, manage 14 enterprises across various sectors, including finance, construction, trade, new energy, and mining [8].

Group 1 - The core point of the news is the significant stock price increase of *ST Baoying following the announcement of a control transfer to a private company, Shitong Niu, amid a broader trend of state-owned enterprises divesting from non-core assets [1][3][12] - Since resuming trading on October 27, *ST Baoying's stock has experienced a continuous rise, reaching a peak of 3.73 yuan per share, representing a cumulative increase of over 54% compared to the pre-suspension closing price of 2.41 yuan [1][3] - The market capitalization of *ST Baoying is currently approximately 5.5 billion yuan, with the stock price showing a slight decline to 3.66 yuan per share as of November 11 [1] Group 2 - The transaction involves a combination of share transfer, voting rights waiver, and a directed issuance of shares, designed to ensure a smooth transition of control [4][5] - The controlling shareholder, Dahongqin Group, plans to transfer 75.96 million shares (5.01% of total shares) to Shitong Niu at a minimum price of 4.67 yuan per share, totaling around 355 million yuan [4] - Following the transaction, Shitong Niu will hold approximately 25.74% of *ST Baoying's shares, making it the new controlling shareholder, while Dahongqin Group retains a 25.76% stake [5][6] Group 3 - The deal includes performance commitments from Shitong Niu to achieve a cumulative net profit of no less than 400 million yuan over three years, specifically from certain business segments [6][7] - If Shitong Niu fails to meet these performance targets, it will be required to provide cash compensation, and Dahongqin Group will regain its voting rights, ensuring a mechanism for risk control [7] - The introduction of private capital is expected to activate the operational mechanisms of *ST Baoying, which has been struggling with continuous losses [8][12] Group 4 - The rationale behind Dahongqin Group's decision to divest control includes the need to address the company's significant losses, which totaled over 5.5 billion yuan from 2021 to 2024 [8][9] - The company has faced severe financial challenges, including a negative net asset value of -31.9 million yuan as of the third quarter of 2025, raising concerns about potential delisting [9][10] - The transaction is part of a broader strategy by the Zhuhai State-owned Assets Supervision and Administration Commission to optimize its portfolio and focus on strategic emerging industries [10][11][12]

Core Viewpoint - The control transfer of *ST Baoying from state-owned enterprise to private enterprise is a strategic move reflecting the changing dynamics of local state-owned assets management and the need for operational revitalization in the construction decoration industry [1][9]. Group 1: Transaction Structure - The transaction involves a combination of share transfer, voting rights relinquishment, and a directed issuance of shares, ensuring a smooth transition of control [2][3]. - The controlling shareholder, Dahongqin Group, plans to transfer 75.96 million shares (5.01% of total shares) to the newly established company, Shitong Niu, at a minimum price of 4.67 yuan per share, totaling approximately 355 million yuan [2]. - Following the transaction, Shitong Niu will hold approximately 25.74% of *ST Baoying's shares, making it the new controlling shareholder [2]. Group 2: Strategic Implications - The transaction is designed to benefit multiple parties: Dahongqin Group can realize a premium on its investment while retaining a significant stake for future value enhancement; Shitong Niu gains control with a relatively low capital outlay, and *ST Baoying can raise about 800 million yuan through the directed issuance to improve liquidity and reduce debt [3][5]. - The introduction of private capital is expected to activate operational mechanisms within *ST Baoying, providing new management approaches and industry resources to revitalize the company [5][9]. Group 3: Risk Management - The transaction includes a conditional control transfer mechanism, ensuring that both parties maintain a close shareholding ratio, which allows for risk management and value enhancement [4]. - Shitong Niu commits to achieving a net profit of no less than 400 million yuan over three years, with penalties for non-compliance, ensuring alignment of interests between the new controlling shareholder and the company [4][6]. Group 4: Background and Context - The move by Zhuhai State-owned Assets Supervision and Administration Commission to divest from *ST Baoying aligns with broader trends in state-owned enterprise reform, focusing on optimizing asset quality and efficiency [7][8]. - The construction decoration industry, being a traditional sector, does not align with the strategic direction of Zhuhai's state-owned assets, prompting the decision to exit this non-core business [8][9].

Market Overview - The decoration and renovation sector increased by 0.78% compared to the previous trading day, with *ST Mingjia leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - *ST Mingjia (300506) closed at 5.06, up 10.00% with a trading volume of 337,400 shares and a turnover of 167 million yuan [1] - *ST Baoying (002047) closed at 3.73, up 5.07% with a trading volume of 1.28 million shares and a turnover of 466 million yuan [1] - *ST Dongyi (002713) closed at 15.26, up 5.02% with a trading volume of 48,400 shares and a turnover of 7.39 million yuan [1] - ST Keli Da (603828) closed at 7.23, up 4.93% with a trading volume of 134,100 shares and a turnover of 9.63 million yuan [1] Capital Flow - The decoration and renovation sector experienced a net outflow of 127 million yuan from institutional investors, while retail investors saw a net inflow of 175 million yuan [2] - The main capital inflow was observed in Jin Tanglang (002081) with a net inflow of 16.18 million yuan, while Jianghe Group (601886) had a net inflow of 11.85 million yuan [3] - *ST Mingjia (300506) recorded a net inflow of 11.04 million yuan from main capital, despite a net outflow from retail investors [3]

Core Insights - The announcements highlight various corporate activities including project investments, contract wins, share buybacks, and changes in shareholding structures across multiple companies in different sectors. Company Announcements - *ST Baoying has no technological reserves related to the high-end optocoupler industry [1] - Yunnan Zhiye plans to establish a subsidiary for a high-quality gallium arsenide chip construction project [1] - Chongqing Construction has won a contract for the Jiangwan Project (Phase I) with a total value of 781 million yuan [1] - Su Da Weige intends to acquire 51% of Changzhou Weipu's shares [1] - Guoci Materials plans to repurchase shares worth between 100 million to 200 million yuan [1] Sales Data - Zhongtong Bus reported sales of 1,083 units in October, representing a year-on-year increase of 33.87% [2] - Dongfeng Motor's cumulative vehicle sales for the year reached 99,482 units, reflecting a year-on-year decrease of 21.43% [3] Shareholding Changes - Menguli plans to reduce its stake by up to 3% [1] - Xintonglian's Bifang Investment intends to reduce its holdings by up to 6 million shares [1] - Dali Kaipu's Panxin Investment plans to reduce its stake by up to 4.5% [1] Other Developments - Meng En Qidong received a product designation letter, estimating a total revenue of approximately 470 million yuan over its lifecycle [1] - Energy-saving Wind Power plans to raise no more than 3.6 billion yuan through a private placement for a 100,000-kilowatt wind power project in Akesai County [1]