Hn.F&A.Co.,Ltd(002277)

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友阿股份回复重组审核问询函 标的企业盈利能力逐步修复
Zheng Quan Ri Bao Wang· 2025-08-12 08:49
Group 1 - The core viewpoint of the news is that Hunan Friendship Apollo Commercial Co., Ltd. (referred to as "Youa Co., Ltd.") has completed a detailed response to the Shenzhen Stock Exchange's inquiry regarding the acquisition of 100% equity in Shenzhen Shangyang Tong Technology Co., Ltd. (referred to as "Shangyang Tong"), marking a significant step in the restructuring project [1] - Shangyang Tong achieved an operating income of 334 million yuan from January to June 2025, representing a year-on-year growth of 28.10%, and a net profit attributable to the parent company of 22.4 million yuan, up 66.94% year-on-year, indicating an improvement in profitability [1] - The company has a compound annual growth rate (CAGR) of 140.84% in revenue from 2020 to 2022, despite a temporary adjustment in performance due to industry cycle fluctuations in 2023 and 2024 [1] Group 2 - Shangyang Tong's core competitiveness is attributed to its customer certification and product system accumulation, with stable partnerships established in various fields such as automotive electronics and data centers [2] - In 2024, Shangyang Tong's R&D investment ratio is expected to reach 11.8%, higher than the industry average, and it has received international recognition for its product technology indicators [2] - The unique value of the acquisition target Shangyang Tong lies in its combination of "technological leadership" and "performance support," which reinforces the rationale behind the restructuring strategy [2]
零售股盘初活跃,国光连锁2连板
Mei Ri Jing Ji Xin Wen· 2025-08-12 01:52
Group 1 - Retail stocks were active at the beginning of trading on August 12, with Guoguang Chain achieving two consecutive trading limits [1] - Hebai Group saw an increase of over 7% [1] - Other companies such as Chongqing Department Store, Youa Shares, and Nanning Department Store also experienced gains [1]
消费股走高 零售方向领涨
Mei Ri Jing Ji Xin Wen· 2025-08-12 01:42
每经AI快讯,8月12日,零售股早盘走强,国光连锁、万辰集团涨停,合百集团、重庆百货、友阿股份 等纷纷冲高。 (文章来源:每日经济新闻) ...
友阿股份股价上涨2.34% 回复重组审核问询函引关注
Jin Rong Jie· 2025-08-11 16:56
Group 1 - The core point of the article is that Youa Co., Ltd. plans to acquire 100% equity of Shenzhen Shangyang Tong Technology Co., Ltd., aiming to establish a dual business layout of "department store retail + power semiconductor device design" [1] - As of August 11, 2025, Youa's stock price was 6.12 yuan, up 2.34% from the previous trading day, with a trading volume of 486,500 hands and a transaction amount of 296 million yuan [1] - Shangyang Tong achieved an operating income of 334 million yuan in the first half of 2025, a year-on-year increase of 28.10%, and a net profit of 22.4 million yuan, up 66.94% year-on-year [1] Group 2 - Youa Co., Ltd. has established partnerships with well-known companies such as BYD and ZTE in the power semiconductor field, and its product technical indicators have received international authoritative certification [1] - On August 11, 2025, the net inflow of main funds into Youa was 44.6 million yuan, accounting for 0.52% of the circulating market value, while the net outflow over the past five days was 4.5 million yuan, accounting for 0.05% of the circulating market value [1]
友阿股份: 湖南友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书(草案)修订说明
Zheng Quan Zhi Xing· 2025-08-11 16:37
Core Viewpoint - Hunan Friendship Apollo Commercial Co., Ltd. plans to acquire 100% equity of Shenzhen Shangyangtong Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [1][2]. Group 1: Transaction Overview - The company received an inquiry letter from the Shenzhen Stock Exchange regarding its application for the issuance of shares to purchase assets and raise supporting funds [1]. - The transaction involves 37 counterparties, including Jiang Rong and Jiang Feng, as part of the asset acquisition [1]. Group 2: Report Amendments - The revised report includes updates and additions to definitions, significant matters, and risk warnings, with a focus on performance commitments and compensation related to the restructuring [2]. - New sections added detail the lock-up arrangements for shareholders of the counterparties and the historical capital increase verification of the target company [2]. Group 3: Financial and Compliance Information - The report updates the financial situation of the listed company and its funding needs, as well as the conditions for payment and financing channels for the transaction [2][3]. - The assessment of the target assets has been updated to reflect changes in the number of authorized patents and the rental terms of leased properties [2][3]. Group 4: Risk Factors - The report has been revised to include a new risk regarding high customer concentration and has reordered the importance of various risk factors [3]. - The management discussion section has been updated to reflect the company's long-term strategic planning towards a new quality productivity transformation [3].
友阿股份: 西部证券股份有限公司关于湖南友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易之独立财务顾问报告(修订稿)
Zheng Quan Zhi Xing· 2025-08-11 16:25
Core Viewpoint - The report discusses the independent financial advisory services provided by Western Securities Co., Ltd. for Hunan Friendship Apollo Commercial Co., Ltd. regarding the issuance of shares and cash payment for asset acquisition, along with the associated fundraising and related transactions. Group 1: Transaction Overview - The transaction involves the acquisition of 100% equity of Shenzhen Shangyang Technology Co., Ltd. through the issuance of shares and cash payment, along with the fundraising of supporting funds [9]. - The total transaction price for the equity of Shangyang Technology is set at 158 million yuan, with an assessment value of 175.68 million yuan as of December 31, 2024 [9]. Group 2: Financial Advisory Commitments - The independent financial advisor has conducted necessary due diligence and believes that the disclosed information is accurate and complete, with no substantial discrepancies [2]. - The advisor confirms that the transaction complies with relevant laws and regulations, ensuring that the disclosed information is truthful and does not contain misleading statements [2]. Group 3: Compliance and Regulatory Aspects - The transaction does not constitute a restructuring as defined by the relevant regulations, and it adheres to the requirements set forth by the regulatory authorities [3][4]. - The fundraising associated with the transaction complies with the registration management regulations, ensuring that all necessary approvals are obtained [4].
友阿股份: 湖南启元律师事务所关于湖南友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易的补充法律意见书(一)
Zheng Quan Zhi Xing· 2025-08-11 16:25
湖南启元律师事务所 关于湖南友谊阿波罗商业股份有限公司 二〇二五年八月 致:湖南友谊阿波罗商业股份有限公司 湖南启元律师事务所(以下简称"本所")接受湖南友谊阿波罗商业股份有限 公司(以下简称"上市公司"或"友阿股份")的委托,担任友阿股份发行股份及支 付现金购买深圳尚阳通科技股份有限公司(以下简称"尚阳通""公司"或"标的资 产")100%股权并募集配套资金暨关联交易(以下简称"本次交易")的专项法律 顾问。 本所根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 重大资产重组管理办法》《上市公司监管指引第9号——上市公司筹划和实施重 大资产重组的监管要求》《公开发行证券的公司信息披露内容与格式准则第26 号——上市公司重大资产重组》等现行法律、行政法规及中国证券监督管理委员 会相关文件的规定,为友阿股份本次交易出具了《湖南启元律师事务所关于湖南 友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨 关联交易的法律意见书》(以下简称"法律意见书")。 公司发行股份购买资产并募集配套资金申请的审核问询函》(审核函〔2025〕 行了核查,现出具《湖南启元律师事务所关于湖南友谊阿波罗商 ...
友阿股份回复重组审核问询函,释放多重关键信号
Zheng Quan Shi Bao Wang· 2025-08-11 14:53
Group 1 - The core viewpoint of the news is that Youa Co., Ltd. has completed a detailed response to the Shenzhen Stock Exchange's inquiry regarding its acquisition of Shenzhen Shangyangtong Technology Co., Ltd., marking a significant step in the restructuring project [1] - Shangyangtong achieved a revenue of 334 million yuan in the first half of 2025, representing a year-on-year growth of 28.10%, with a net profit of approximately 22.4 million yuan, reflecting a substantial increase of 66.94% [2] - The performance improvement of Shangyangtong aligns with the rapid development path of China's power semiconductor industry, transitioning from "import substitution" to "self-control" [2] Group 2 - Shangyangtong has established stable partnerships with well-known companies in various sectors, including automotive electronics and data centers, enhancing its core competitiveness [3] - The acquisition of Shangyangtong allows Youa Co., Ltd. to quickly enter the power semiconductor device sector, creating a dual business model of "retail + semiconductor design" [4] - The unique value of Shangyangtong lies in its combination of technological leadership and performance support, which strengthens the feasibility of the acquisition [5]
友阿股份(002277) - 北京中企华资产评估有限责任公司关于深圳证券交易所《关于湖南友谊阿波罗商业股份有限公司发行股份购买资产并募集配套资金申请的审核问询函》资产评估相关问题之答复
2025-08-11 13:32
中企华评估 北京中企华资产评估有限责任公司 关于深圳证券交易所《关于湖南友谊阿波罗商业股份有限 公司发行股份购买资产并募集配套资金申请的审核 问询函》 审核函〔2025〕130012 号 资产评估相关问题之答复 深圳证券交易所: 根据贵所下发《 关于湖南友谊阿波罗商业股份有限公司发行股份购买资产并 募集配套资金申请的审核问询函》(审核函《 2025〕130012 号;2025 年 7 月 14 日) 之要求,北京中企华资产评估有限责任公司《(以下简称《 评估机构"或《 评估师") 对贵所审核问询函资产评估相关问题进行了认真分析、核查,现就资产评估相关 问题回复如下,请予审核。 除特别说明外,本审核问询函回复《(以下简称《 本回复")所述的词语或简 称与重组报告书中《 释义"所定义的词语或简称具有相同的含义。在本审核问询 函回复中,若合计数与各分项数值相加之和在尾数上存在差异,均为四舍五入所 致。本审核问询函回复所引用的财务数据和财务指标,如无特殊说明,指合并报 表口径的财务数据和根据该类财务数据计算的财务指标。 问题五:关于评估预测 申请文件显示:(1)本次交易分别采用市场法和资产基础法对标的资产进 行评估, ...
友阿股份(002277) - 湖南启元律师事务所关于湖南友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易的补充法律意见书(一)
2025-08-11 13:32
湖南启元律师事务所 关于湖南友谊阿波罗商业股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易的 补充法律意见书(一) 二〇二五年八月 致:湖南友谊阿波罗商业股份有限公司 除本补充法律意见书另有特别说明外,本所在《法律意见书》作出的声明及 释义同样适用于本补充法律意见书;本补充法律意见书中数字的合计数与分项有 差异系四舍五入导致。 本补充法律意见书为《法律意见书》之补充性文件,应与《法律意见书》一 起使用,如本补充法律意见书与《法律意见书》内容不一致,则以本补充法律意 见书为准。 4-1 目 录 | 一、《审核问询函》问题 | 3、关于标的资产技术水平 3 | | --- | --- | | 二、《审核问询函》问题 | 6、关于标的资产历史沿革与股东 9 | | 三、《审核问询函》问题 | 8、关于整合管控及交易安排 41 | | 四、《审核问询函》问题 | 9、关于股份锁定期与股东人数 44 | | 五、《审核问询函》问题 | 11、关于上市公司股权 52 | 4-2 一、《审核问询函》问题 3、关于标的资产技术水平 申请文件显示:(1)标的资产采用 Fabless 经营模式,主要从事高性能半 ...