Group 1 - The core issue for *ST Yushun is its stock hitting the limit down at 37.28 yuan, with a decline of 3.44%, resulting in a total market value of 10.619 billion yuan and a circulating market value of 10.607 billion yuan, with a total transaction amount of 429.026 million yuan [1] - The company is facing significant risks due to high financial leverage, with a debt-to-asset ratio soaring to 92.45%, and an annual interest burden increasing by approximately 150 million yuan [2] - The acquisition of assets worth 3.35 billion yuan, while strategically significant, raises concerns about the company's ability to manage risks, especially since the target company relies entirely on a single client for its revenue [2] Group 2 - The potential impact of industry and policy factors is notable, as the acquisition aligns with the "East Data West Computing" policy, but there are doubts about the company's adaptability to the competitive data center sector [2] - Despite the introduction of a new "annual strong" concept that could attract investor attention, the overall market environment and the company's inherent risks may hinder sustained interest [2] - Technical analysis indicates that the stock may be experiencing a correction after reaching a historical high on September 19, 2025, leading to increased selling pressure and subsequent limit down [2]

备受市场瞩目的*ST宇顺（002289.SZ）重大资产重组终于落地。 根据公开项目招标信息，项目建设在河北省张家口市怀来县葡萄大道北侧，总建筑面积约14万平方米， 包括4栋数字中心厂房、1栋研发办公楼、1座110kV变电站及4栋柴油发电机组，安装8kW机柜约12384 台。 仅从计划安装的机柜数量来看，河北爱怀的项目体量已远超拥有8000个机柜，价值33.5亿元的中恩云项 目。从距离上，百度地图显示，该项目直线距离北京市中心70.8km，高铁仅需25分钟。 同时，项目所 在的张家口市是国务院批复的首个且唯一可再生能源示范区，可再生能源供应充足。 一位国内头部数据行业上市公司负责人表示，从公开项目情况看，河北爱怀的项目比中恩云更为优质， 体量更大。加上正在投资的并济科技，*ST宇顺大股东上海奉望由数据中心向更高级的智算中心升级战 略布局意图已十分明显。 在将*ST宇顺打造成为"算力第一股"愿景的支撑下，大股东上海奉望已在大踏步地向智算领域升级迈 进。 9月29日晚，*ST宇顺召开临时股东大会讨论收购数据中心资产等议案，最终议案均获得通过。这意味 着，今年A股ST公司中最大的现金交易并购案落地，*ST宇顺亦将借此 ...

证券代码：002289 证券简称：*ST宇顺 公告编号：2025-093 深圳市宇顺电子股份有限公司 2025年第二次临时股东大会决议公告 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： 1、本次股东大会不存在否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： 现场会议时间：2025 年 9 月 29 日 14:30 开始 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 9 月 29 日 9:15—9:25、9:30—11:30 和 13:00—15:00；通过深圳证券交易 所互联网投票系统投票的时间为 2025 年 9 月 29 日 9:15—15:00 期间的任意时间。 2、会议召开地点：深圳市南山区科苑南路 2233 号深圳湾 1 号 T1 座 21 楼 会议室。 3、会议召开方式：现场表决与网络投票相结合的方式。 4、会议召集人：公司第六届董事会。 5、会议主持人：公司董事长嵇敏先生主持会议。 6、本次股东大会会议的召集、召 ...

地址：上海市长宁区仙霞路 99 号尚嘉中心 22 层、12 层 （200051） Add: 22F&12F, L'Avenue No.99 XianXia Rd, Changning District, Shanghai, PRC 电话 Tel: +86 21 23563298 传真Fax: +86 21 23563299 网址 Website：http://www.guantao.com 邮箱 Email: guantaosh@guantao.com 北京观韬（上海）律师事务所 关于深圳市宇顺电子股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：深圳市宇顺电子股份有限公司 深圳市宇顺电子股份有限公司（以下简称"公司"）2025 年第二次临时股 东大会定于 2025 年 9 月 29 日下午 14：30 在深圳市南山区科苑南路 2233 号深圳 湾 1 号 T1 座 21 楼公司会议室召开，北京观韬（上海）律师事务所（以下简称"本 所"）接受公司的委托，指派丁含春律师、卜凡耀律师（以下简称"本所律师"） 出席会议，并依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法 ...

Group 1 - The article highlights the emergence of two tenfold stocks this year, namely Shouwen New Materials and *ST Yushun, driven by themes related to intelligent robotics and advancements in artificial intelligence computing power respectively [1] - The overall performance of the ST sector has rebounded this year, with a cumulative increase of over 22%, and nine stocks have doubled in value, including *ST Yushun, *ST Yazhen, ST Huatong, ST Xintong, and *ST Yatai, primarily due to transformation expectations and strong performance [1] - ST Huatong reported a net profit of nearly 2.7 billion yuan in the first half of the year, a year-on-year increase of over 129%, and has potential for delisting from the ST category [1] Group 2 - ST Guangwang has a low price-to-book ratio of 2, and it is the only state-owned enterprise among the listed companies, focusing on cable television network operations, advertising agency, and film production [2] - The company is transitioning from a traditional cable television operator to a converged media operator, developing a comprehensive business system that includes high-definition digital television and various interactive value-added services [2] - ST Guangwang plans to apply for the removal of risk warnings according to the Shanghai Stock Exchange regulations and has strong transformation expectations, focusing on core competencies and engaging in mergers and acquisitions in related fields [3]

9月26日，*ST宇顺涨停，截至收盘股价为41.31元/股，市值达115.77亿元。值得关注的是，*ST宇顺股价从年初至今，涨幅已超1060%。 据Wind数据统计，年初至今，已有9家ST公司涨幅超100%，覆盖计算机、机械设备、电子等多个行业。 *ST宇顺股价涨幅超10倍 年内62天涨停 9月26日，*ST宇顺再次迎来涨停，公司收盘价41.31元/股，市值为115.77亿元。据Wind数据统计，今年内*ST宇顺涨停天数达62天。 公告显示，*ST宇顺主营业务为液晶显示屏及模组、触摸屏及模组、触摸显示一体化模组等产品的研发、生产和销售。近年来，公司业绩频繁亏损，2025 年上半年公司归母净利润亏损达446.48万元。 在此背景下，*ST宇顺于4月披露了一份跨界收购计划。 *ST宇顺（时称"ST宇顺"）4月22日公告称，公司拟以支付现金方式收购Olive Ida Limited间接持有或控制的中恩云（北京）数据科技有限公司、北京申惠 碧源云计算科技有限公司、中恩云（北京）数据信息技术有限公司（以下简称"标的公司"）100%股权。 据了解，这三家标的公司共同运营中恩云数据中心项目，目前已建设运营约8000个机柜。 ...

9月26日，*ST宇顺再度涨停，股价来到41.31元/股，总市值115.77亿元，同时年内涨幅则达到了1060.39%。 | *ST宇顺(002289) | | --- | 今日（9月26日），*ST宇顺逆市涨停，股价报收于41.31元/股，总市值115.77亿元。 值得注意的是，年初至今，其股价涨幅已经超过 1000%，在全A股中，仅次于上纬新材（年内涨幅1891.59%）。整个ST板块，则已有9股年内涨幅超100%。 *ST宇顺股价年内涨超10倍 资料显示，*ST宇顺成立于2004年，2009年登陆深交所，主营业务为液晶显示屏及模组、触摸屏及模组、触摸显示一体化模组等产品的研 发、生产和销售。主要产品包括各类手机、平板、小家电显示屏。 公司股价今年大幅上涨或与公司筹划重大资产重组加码智算赛道有关。根据公司披露的并购重组公告，公司拟向交易对方凯星有限公司、正 嘉有限公司、上海汇之顶管理咨询有限公司支付现金购买其持有的中恩云（北京）数据科技有限公司、北京申惠碧源云计算科技有限公司、 中恩云（北京）数据信息技术有限公司100%的股权，本次收购构成《上市公司重大资产重组管理办法》规定的重大资产重组，但不构成关 联 ...

Regulatory Actions - Shenzhen Stock Exchange issued regulatory letters for 3 violations related to information disclosure and operational compliance from September 19 to September 25 [2] - A total of 11 inquiry letters and 4 other letters were sent out during the same period [2] Market Surveillance - From September 22 to September 26, the Shenzhen Stock Exchange took self-regulatory measures against 176 instances of abnormal trading behavior, including market manipulation and false declarations [2] - Continuous monitoring is being conducted on "*ST Yushun" [2] Investigations - The exchange conducted investigations on 2 major events involving listed companies and reported 2 cases suspected of illegal activities to the China Securities Regulatory Commission [2]

Core Viewpoint - The A-share market has experienced a significant bull market since September 24, 2024, with over 1,400 stocks doubling in price, representing more than 26% of the total 5,324 stocks listed [3][8]. Industry Performance Summary - **Communication**: Increased by 124.09%, with 49 stocks doubling, including Shijia Photon and Changxin Bochuang [4]. - **Electronics**: Increased by 121.05%, with 204 stocks doubling, including *ST Yushun and Shenghong Technology [4]. - **Comprehensive**: Increased by 108.05%, with 5 stocks doubling, including Dongyangguang and Yuegui Shares [4]. - **Computers**: Increased by 82.15%, with 121 stocks doubling, including Lian Di Information and Huijin Shares [4]. - **Machinery Equipment**: Increased by 80.80%, with 231 stocks doubling, including Changsheng Bearing and Zhongjian Technology [4]. - **Media**: Increased by 80.60%, with 22 stocks doubling, including ST Huatuo and Giant Network [4]. - **Electric Power Equipment**: Increased by 71.98%, with 128 stocks doubling, including Electric Wind Power and Naconoer [4]. - **Automobile**: Increased by 59.43%, with 112 stocks doubling, including Tianpu Shares and Zhejiang Rongtai [4]. - **Other Industries**: Various other sectors such as defense, environmental protection, and construction materials also saw significant increases, with some industries like coal and oil showing minimal growth [5][8]. Insights from the Past Year - The market is unpredictable, and reversals can happen suddenly. Long-term investment discipline often yields better results than short-term market predictions [6][10]. - Contrarian thinking is crucial for investment success. Opportunities often arise during market pessimism, while caution is needed during market euphoria [11]. - Asset allocation is an effective strategy to mitigate negative emotions and avoid poor decision-making during market volatility [11].

超六成ST股年内涨幅跑输同期上证指数。 年内首只10倍涨幅的ST股诞生 今日(9月26日)，*ST宇顺(002289)股价涨停，最新收盘价创历史新高。据统计，该股于2025年9月24日收 盘时，年内涨幅首次达到10倍以上。截至最新收盘，年内累计涨幅扩大至10.6倍。 公开资料显示，*ST宇顺从事智能显示模组制造，主要为手持终端、智能 POS、智能穿戴、智能家居、 车载电子等制造商提供全方位触控显示一体化解决方案。今年上半年公司营业总收入为1.34亿元，净利 润亏损446万元。 今年以来，*ST宇顺多次发布股票交易异常波动暨风险提示相关的公告，但依然难挡投资者参与热情， 这与其筹划的收购事项不无关系。9月12日晚间，公司发布重大资产购买报告书草案修订版等系列公 告，回复深交所问询，并计划将在9月29日召开股东大会审议收购议案。 标的公司专注于开发及运营大规模、高等级、高效高性能数据中心，是一家国内优秀的数据中心整体解 决方案提供商。本次交易完成后，公司将形成数据中心基础设施服务、液晶显示屏相关产品及仪器仪 表、配电设备的多元化业务布局。 公司在风险提示公告中表示，本次交易正处于开展阶段，存在审批风险，本次交易可 ...