Transaction Overview - The company, Greenme, has decided to acquire a 16.38% stake in Henan Circular Technology Industry Group Co., Ltd. for a total amount of RMB 400 million to enhance its circular industry strategy [2][16] - The acquisition agreement was signed on December 12, 2025, with Henan Investment Group Co., Ltd. as the seller [2] - The transaction does not require board or shareholder approval and is not classified as a related party transaction or a major asset restructuring [2][5] Counterparty Information - The counterparty, Henan Investment Group, is a state-owned enterprise with a registered capital of RMB 12 billion and total assets of RMB 156.08 billion as of December 31, 2024 [3][4] - The company reported a revenue of RMB 553 million and a net profit of RMB 1.895 billion for the year 2024 [4] Target Company Information - The target company, Henan Circular Technology Industry Group, was established on October 27, 2014, with a registered capital of RMB 2 billion [7] - The company specializes in recycling and resource utilization, including the recovery of waste materials and the development of recycling technologies [7] Transaction Details - The transaction price is based on an asset valuation report that determined the total equity value of the target company to be RMB 2.4418517 billion as of May 31, 2025 [9] - The payment for the stake will be made within five working days after the contract becomes effective [10] Purpose and Impact of the Transaction - The acquisition aims to implement the company's circular industry strategy and leverage the strengths of state-owned and private enterprises [16] - Post-transaction, Henan Circular Technology will become an associate company of Greenme, not included in the consolidated financial statements, and will not adversely affect the company's financial status or independence [16]

Mergers and Acquisitions - *ST Bosen has terminated the plan to sell 35% equity of Shaanxi Bosen due to failure to reach agreement on key terms [1] - Chongqing Water intends to acquire wastewater treatment project assets for 382 million yuan [2] - Rongbai Technology plans to use 342 million yuan to acquire 54.9688% of Guizhou Xinren and will increase its capital by 140 million yuan [3] - Greeenmei intends to acquire 16.38% equity of Henan Recycling Group for 400 million yuan [4] Shareholding Changes - Xilong Science's major shareholder plans to reduce holdings by up to 1% [5] - Dream Lily's major shareholder intends to reduce holdings by up to 1% [6] - Jincheng Co., Ltd. plans to reduce holdings by up to 0.97% [7] Risk Matters - Bestme's actual controller has been released on bail [8] - Chaoxun Communication received a warning letter from Guangdong Securities Regulatory Commission for various issues [9] - *ST Huke has been filed for suspected violations of information disclosure [10]

（编辑 任世碧） 证券日报网讯 12月12日晚间，格林美发布公告称，2025年12月12日，公司与河南投资集团有限公司 （简称"河南投资集团"）共同签署《产权交易合同》，公司将收购河南投资集团全资子公司河南循环科 技产业集团有限公司（简称"河南循环集团"）16.38%的股权，交易金额为人民币40，000万元。本次交 易完成后，河南循环集团将成为公司的参股公司，不纳入公司合并报表范围。 ...

Group 1 - Moer Thread plans to use up to 7.5 billion yuan of idle raised funds for cash management, with a usage period of 12 months [1] - O-film plans to purchase 8.46% equity of its subsidiary Anhui Che Lian for a total of 3.64 billion yuan, increasing its ownership from 78.54% to 87% [2] - ST Lian Shi applies to revoke the delisting risk warning as its restructuring plan has been completed [3] Group 2 - Weirli signs a strategic cooperation framework agreement with Primech Holdings to build an industrial robot cooperation platform [4] - Race Intelligent plans to raise no more than 1.144 billion yuan through a private placement for core components of intelligent equipment [5] - Renfu Pharmaceutical's stock will be subject to other risk warnings and will be suspended for one day starting December 15 [6] Group 3 - Yongding Co. clarifies that its subsidiary Dongbu Superconductor does not directly manufacture controllable nuclear fusion devices [7] - Rongbai Technology plans to acquire part of Guizhou Xinren's equity and increase its capital to achieve control [9] - ST Hu Ke is under investigation by the Securities Regulatory Commission for suspected information disclosure violations [10] Group 4 - Yunnan Ge Industry plans to establish a subsidiary focused on organic germanium-related products [11] - Greenme intends to acquire 16.38% equity of Henan Recycling Group for 400 million yuan [12] - Jiangzhong Pharmaceutical plans to change its name to China Resources Jiangzhong Pharmaceutical [13] Group 5 - Jiangsu Guoxin's subsidiary Ma Zhou Power has completed the trial operation of a 1,000 MW coal-fired power generation unit [16] - Longsheng Technology plans to invest in a center for embodied intelligent robots [18] - Guangzhou Development has received approval for the registration of 8 billion yuan medium-term notes and 6 billion yuan short-term financing notes [19] Group 6 - China Merchants Port reported a container throughput of 17.248 million TEUs in November, a year-on-year increase of 6.4% [20] - Tianma Technology reported a total eel output of approximately 11,415.87 tons from January to November [21] Group 7 - Xilong Science plans to reduce its stake by up to 1% [22] - Xicet Testing's actual controller plans to transfer 5% of the company's shares [23] - Oppein Home's actual controller plans to increase its stake by 50 million to 100 million yuan [24] Group 8 - Maide Medical plans to repurchase shares worth 20 million to 40 million yuan [25] - Baicheng Pharmaceutical's major shareholder increased its stake by 0.85% [26] - Mengbaihe's major shareholder plans to reduce its stake by up to 1% [27] Group 9 - Xian Dao Ji Dian's shareholder has reduced its stake by 1.70% [28] - Yaxiang Integration's shareholder reduced its stake by 41,400 shares [29] - Zhiwei Intelligent's actual controller has reduced its stake, bringing the total holding to 69% [30] Group 10 - Jincheng Co.'s actual controller plans to reduce its stake by up to 0.97% [31] - Jianghua Micro's chairman has reduced his stake by 1.09% [32] - COSCO Shipping Energy signed a shipbuilding contract worth 7.882 billion yuan [33] Group 11 - Dayu Water Saving's subsidiary is expected to win two high-standard farmland construction projects [34] - Guorui Technology's subsidiary is a candidate for the GXLF project [36] - ST Zhisheng has won a smart city governance project worth 104 million yuan [37]

智通财经APP讯，格林美(002340.SZ)公告，公司与河南投资集团有限公司(简称"河南投资集团")共同签 署《产权交易合同》，公司将收购河南投资集团全资子公司河南循环科技产业集团有限公司(简称"河南 循环集团")16.38%的股权，交易金额为4亿元。 公告称，公司本次收购河南循环集团部分股权，是更好地实施公司循环产业战略布局的举措。 ...

每经AI快讯，12月12日，格林美(002340.SZ)公告称，公司与河南投资集团签署《产权交易合同》，拟 收购其全资子公司河南循环科技产业集团16.38%的股权，交易金额为4亿元。交易完成后，河南循环科 技产业集团将成为公司的参股公司，不纳入合并报表范围。公司本次收购河南循环集团部分股权，是更 好地实施公司循环产业战略布局的举措，也是实施国有企业和民营企业良好的优势互补。 ...

格林美公告称，公司与河南投资集团签署《产权交易合同》，拟4亿元收购其全资子公司河南循环集团 16.38%股权，交易完成后，河南循环集团将成公司参股公司，不纳入合并报表范围。此次收购是公司 实施循环产业战略布局的举措，符合国家发展循环产业趋势，不会对公司财务状况、经营成果产生不利 影响，也不影响独立性。河南循环集团2025年1-9月营收6730.49万元，净利润-162.62万元。 ...

证券代码：002340 证券简称：格林美 公告编号：2025-126 格林美股份有限公司 关于收购河南循环科技产业集团有限公司 16.38%股权的公告 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、交易概述 向新而行，向绿而生。为更好地实施格林美股份有限公司（以下简称"公司"） 循环产业战略布局，促进循环产业的发展，公司决定与具备循环产业发展优势的 国有企业实施股权合作。2025年12月12日，公司与河南投资集团有限公司（以下 简称"河南投资集团"）共同签署《产权交易合同》（以下简称"本合同"），公司 将收购河南投资集团全资子公司河南循环科技产业集团有限公司（以下简称"河 南循环集团"）16.38%的股权，交易金额为人民币40,000万元。本次交易完成后， 河南循环集团将成为公司的参股公司，不纳入公司合并报表范围。 根据《深圳证券交易所股票上市规则》《公司章程》等相关规定，公司本次 签署的《产权交易合同》不需要提交董事会和股东会审议批准。本次签署《产权 交易合同》不构成关联交易，也不构成《上市公司重大资产重组管理办法》规定 的重大资产重组，无须经有关部门 ...

Core Viewpoint - The lithium battery industry is experiencing significant price increases and supply chain adjustments due to rising raw material costs and strong demand, particularly in the energy storage and electric vehicle sectors [3][4][5]. Industry Trends - Dejia Energy announced a 15% price increase for its battery products starting December 16 due to rising production costs from upstream raw materials [3]. - Contemporary Amperex Technology Co., Ltd. (CATL) and other leading companies are securing long-term agreements to lock in upstream capacity and supply chains, emphasizing the importance of capacity acquisition for future growth [3][4]. - The lithium battery supply chain is currently characterized by a "full production and sales" state, with companies like Penghui Energy and Tianji Co. reporting strong demand and rising prices for their products [4]. Market Demand - Global power battery installation reached 811.7 GWh in the first three quarters of this year, a 34.7% increase from the previous year, while the energy storage market saw a 90.7% year-on-year growth [5]. - The rapid growth in renewable energy installations and the expansion of AI data centers are driving increased demand for energy storage solutions [5]. Long-term Contracts - The industry is witnessing a surge in long-term contracts, with significant agreements such as a 10-year strategic partnership between Haibosi and CATL for a minimum of 200 GWh of procurement [6]. - Other notable contracts include a collaboration between Hicharge Energy and CRRC Zhuzhou Electric Locomotive Research Institute for at least 120 GWh of energy storage products [6]. Price Dynamics - The price of battery-grade lithium carbonate has surged to 92,750 RMB per ton, a 23% increase from the previous month, while the price of lithium hexafluorophosphate has exceeded 180,000 RMB per ton [4]. - The tight supply and high demand have led to longer delivery times, with some companies reporting that delivery schedules extend into the first half of next year [4]. Technological Advancements - The industry is undergoing a "quality upgrade" driven by technological advancements, with companies like CATL launching fifth-generation lithium iron phosphate batteries that improve energy density and cycle life [9][10]. - High-density lithium iron phosphate products are becoming a focus, with expectations that their market share will increase significantly by 2026 [9]. Capacity Expansion - Companies are accelerating capacity expansion to meet growing demand, with Fulin Precision Engineering planning to invest 4 billion RMB to build a new production line for lithium iron phosphate [8]. - Dragon Power Technology is also raising funds to expand production capacity in response to customer needs [8]. Globalization Efforts - Leading companies are pursuing global expansion strategies, with firms like Hunan YN planning production capacity in Spain and Dragon Power Technology nearing full production at its Indonesian facility [10]. - The industry is shifting from scale competition to value competition, aiming for high-quality development as new products are launched and recycling systems are improved [10].

Core Viewpoint - The A-share market experienced a pullback on December 9, with the battery sector declining, but there is a notable trend of capital inflow into the Battery 50 ETF (159796) as investors look to capitalize on dips [1][6]. Group 1: Market Performance - The Battery 50 ETF (159796) fell over 1% after three consecutive days of gains, with a trading volume exceeding 225 million yuan and a net subscription of 10 million shares during the dip [1][3]. - Major component stocks of the Battery 50 ETF mostly retreated, with Sungrow Power (阳光电源) rising over 1%, while CATL (宁德时代), Sanhua Intelligent Control (三花智控), and EVE Energy (亿纬锂能) all dropped more than 1% [3][4]. Group 2: Industry Demand and Supply - The demand for power and energy storage is robust, driving improvements in the supply-demand relationship within the industry. By 2026, global lithium battery shipments are projected to reach 2,921.8 GWh, a year-on-year increase of 35%, with domestic shipments expected to grow by 37% [6][7]. - The domestic commercial vehicle electrification is accelerating, with November's retail sales of new energy vehicles expected to reach 1.35 million units, a 6.3% year-on-year increase [6][7]. Group 3: Investment Opportunities - The Battery 50 ETF (159796) is positioned to benefit significantly from the energy storage sector, which has a high content of 27% in the index, and from solid-state battery technology, which comprises 42% of the index [8][10]. - The ETF's management fee is only 0.15% per year, making it the lowest in its category, which aims to provide a favorable investment experience for investors [10][12].