Core Viewpoint - The article discusses the strategic investment by Shanghai Fengwang in Bingji Technology and the ongoing acquisition of Zhong'en Cloud by *ST Yushun, highlighting potential synergies and market implications in the data center and AI computing sectors [1][4][7]. Group 1: Investment and Acquisition Details - Shanghai Fengwang plans to invest 300 million yuan in Bingji Technology, a leading AI computing service provider in Southwest China, which has established a computing cluster of no less than 20,000 P and aims for 50,000 P [4][5]. - *ST Yushun intends to acquire 100% equity of Zhong'en Cloud and related companies for 3.35 billion yuan, expanding its business into the data center sector [7][8]. - The acquisition is crucial for *ST Yushun to reverse its declining performance, as the target companies reported revenues of 735 million yuan, 815 million yuan, and 218 million yuan for 2023, 2024, and Q1 2025, respectively [8][9]. Group 2: Market Implications and Competition Concerns - There are concerns about potential competition between Bingji Technology and *ST Yushun, but the chairman of Shanghai Fengwang clarified that their business focuses differ, with Bingji specializing in AI computing and Zhong'en in data center operations [5][6]. - The timing of the investment in Bingji Technology raises questions, as it coincides with *ST Yushun's acquisition process, but the chairman indicated that the investment aligns with their asset acquisition strategy [5][6].

*ST宇顺（002289）董事长就市场疑问作出回应。 就在*ST宇顺（002289.SZ）拟斥资33.5亿元现金收购中恩云数据中心资产的关键节点，上市公司控股股 东上海奉望实业有限公司（简称"上海奉望"）宣布了算力领域的另一笔投资。 根据四川并济科技有限公司（简称"并济科技"）9月14日发布的信息，上海奉望与并济科技的现有股东 签署战略投资框架协议，约定由上海奉望对并济科技增资3亿元，增资预计将在30天排他期之内完成。 这笔投资，给市场带来了不少想象空间。 并济科技为人工智能算力服务商，而中恩云主营数据中心业务，二者都属于数据中心产业，随着上海奉 望的增资动作，并济科技与上市公司*ST宇顺是否会产生同业竞争？未来，并济科技是否有望被注入上 市公司？ 对此，上海奉望近日在上海召开媒体沟通会，*ST宇顺及其控股股东上海奉望董事长嵇敏就市场疑问一 一作出回应。 (*ST宇顺及上海奉望实业有限公司董事长嵇敏，图片由受访者提供) 否认构成同业竞争 被上海奉望青睐的并济科技，是一家什么样的公司？ 市场的疑问还在于，为何出面增资并济科技的是上海奉望而不是上市公司？ 嵇敏表示，"并济科技确实十分优质，很符合我们正在寻找的资产 ...

Core Viewpoint - The stock prices of non-WiTech Materials and *ST Yushun have surged significantly this year, with *ST Yushun's stock price increasing nearly tenfold since the beginning of the year, driven by strategic acquisitions and market speculation [2][10]. Group 1: Company Developments - *ST Yushun's major shareholder, Shanghai Fengwang, signed a strategic investment framework agreement with existing shareholders of Binge Technology, committing to an investment of 300 million yuan, expected to be completed within 30 days [2][4]. - The chairman of *ST Yushun, Ji Min, indicated that the major asset restructuring is close to completion but still requires shareholder approval and other processes before further acquisitions can be initiated [2][4]. - Binge Technology, established in 2020, is recognized as the largest AI computing power service provider in Southwest China, with a registered capital of 147 million yuan and operational capabilities involving nearly 30,000 computing power cards [5][6]. Group 2: Market Reactions and Speculations - The market reacted positively to the news of the investment in Binge Technology, leading to consecutive stock price increases for *ST Yushun, despite the ongoing restructuring process [2][8]. - Analysts suggest that the acquisition could indicate either the high quality of Binge Technology's assets or potential speculative motives from the major shareholder [4][8]. - The stock price of *ST Yushun has been subject to significant speculation, with over ten announcements regarding abnormal stock price fluctuations since the announcement of the major asset restructuring [9]. Group 3: Industry Context - The A-share market is experiencing unprecedented enthusiasm for mergers and acquisitions, supported by favorable policies, with over 40 completed mergers in the computing power data sector from 2022 to 2024 [4][9]. - The computing power industry is seen as a critical infrastructure for the smart era, with increasing demand for high-performance chips and a push from government policies to develop a systematic and high-quality computing power network [8][9].

Group 1 - The stock prices of non-listed companies, such as Non-Wai New Materials and *ST Yushun, have surged significantly this year, with *ST Yushun's stock price increasing over 12 times following its asset acquisition announcement [2] - On September 14, 2023, Bianji Technology announced a strategic investment framework agreement with Shanghai Fengwang, the major shareholder of *ST Yushun, for a capital increase of 300 million yuan, which is expected to be completed within 30 days [2][3] - The chairman of *ST Yushun, Ji Min, stated that the major asset restructuring is nearly complete but still requires shareholder approval and other processes before any new acquisitions can be initiated [2][3] Group 2 - Industry insiders suggest that the enthusiasm for mergers and acquisitions in the A-share market is unprecedented, with Shanghai Fengwang's eagerness to acquire assets despite the ongoing restructuring of *ST Yushun [3] - Ji Min emphasized that Bianji Technology is a high-quality asset that aligns with Shanghai Fengwang's investment strategy, which prompted the swift decision to invest [4] - Bianji Technology, established in 2020, is a leading AI computing power service provider in Southwest China, operating nearly 30,000 computing power cards and securing access to high-end chips, including those from Nvidia [4][5] Group 3 - Bianji Technology has formed joint laboratories with top universities and has been recognized in the Ministry of Industry and Information Technology's computing power foundation list, indicating its strong market position [5] - The investment in Bianji Technology is driven by its expected profitability, although specific financial details were not disclosed [5] - Ji Min clarified that the business of Bianji Technology does not compete with *ST Yushun's existing operations, as they focus on different aspects of the data center industry [6]

Group 1 - The Shanghai Stock Exchange (SSE) took self-regulatory measures against 274 cases of abnormal trading behaviors from September 15 to September 19, 2025, focusing on stocks like Tianpu Co. and Shoukai Co. for significant price fluctuations [1] - The Shenzhen Stock Exchange (SZSE) reported 287 cases of abnormal trading behaviors during the same period, with a focus on "*ST Yushun" and six major company events under investigation [1] - Tianpu Co. experienced a continuous "limit-up" for 13 trading days, with a total increase of 245.20% from August 22 to September 19, despite multiple trading suspensions and risk warnings [1] Group 2 - Shoukai Co. saw a significant drop at the end of trading on September 19, closing at a limit down with a trading volume of 34.97 billion yuan, marking a ten-year high, while its cumulative increase reached 175% [2] - From September 3 to September 19, Shoukai Co. achieved 11 limit-up days out of 12 trading days, with a maximum cumulative increase of 205.68% [2] - "*ST Yushun" recorded four consecutive limit-up days from September 15 to September 19, following a previous suspension due to 22 limit-up days in 25 days [2]

每经AI快讯，据深交所官微9月19日消息，深交所本周共对287起证券异常交易行为采取了自律监管措 施和风险提示，涉及盘中拉抬打压、虚假申报等异常交易情形；继续对近期交易异常波动的"*ST宇顺 （002289）"进行重点监控；共对6起上市公司重大事项进行核查，并上报证监会1起涉嫌违法违规案件 线索。 ...

嵇敏告诉记者，上海奉望之所以投资并济科技，是因为标的资产确实十分优质，很符合上海奉望正在寻 找的资产，这才果断出手。 嵇敏表示，"目前，宇顺电子收购中恩云事项从流程上看，只差临门一脚。但整个交易尚未完成，还需 要通过股东大会审议以及后续的一些流程。在收购中恩云没有完成之前，上市公司确实不方便启动对其 他资产的收购"。 对于大股东未来是否有将并济科技注入*ST宇顺的计划，他对此回应称，"作为上市公司大股东，我们 只能说一切皆有可能，欢迎大家关注上市公司的后续公告"。 在*ST宇顺（002289）（002289.SZ）巨资收购数据中心的重大资产重组距离成功只差临门一脚之际， 这家上市公司的大股东上海奉望实业有限公司（以下称"上海奉望"）在近期启动了下一笔投资。 这给予了市场无限的遐想，也给市场带来了疑惑——上海奉望在完成并济科技增资后，是否会将这一资 产注入上市公司？并济科技是否会与上市公司产生同业竞争? 9月18日，上海奉望在上海召开媒体沟通会。在沟通会上，*ST宇顺及大股东上海奉望董事长嵇敏对于 当前市场关切作出回应。 据嵇敏介绍，并济科技成立于2020年7月1日，是国内一流的人工智能算力服务商，已搭建并运营 ...

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.09.17 | 5.00 | 1.00 | -224.38 | | 2025.09.16 | 5.01 | 1.72 | -1128.14 | | 2025.09.15 | 5.01 | 0.64 | 83.96 | | 2025.09.12 | 4.00 | 1.37 | 1278.81 | | 2025.09.11 | -4.98 | 1.72 | -1637.92 | | 2025.09.10 | 5.00 | 1.09 | 58.01 | | 2025.09.09 | 5.02 | 1.25 | -251.02 | | 2025.09.08 | 5.01 | 0.39 | 940.98 | | 2025.09.05 | 0.07 | 0.39 | -19.13 | | 2025.09.04 | -1.07 | 0.46 | -533.59 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） *ST宇顺再 ...

New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]