Group 1 - The core point of the article is that Hongchuang Holdings (002379) has reported a total of 21,757 shareholders as of December 10, 2025 [1]

Core Viewpoint - Hongchuang Holdings' acquisition of 100% equity in Hongtu Industrial for a transaction value of 63.5 billion yuan has been approved by the Shenzhen Stock Exchange's M&A Review Committee, indicating compliance with restructuring conditions and information disclosure requirements [1] Group 1: Company Overview - Hongchuang Holdings primarily engages in aluminum deep processing, with main products including aluminum plates, household foils, container foils, pharmaceutical foils, and decorative foils [1] - Hongtu Industrial, the target company, operates across the entire aluminum product value chain, including electrolytic aluminum, alumina, and aluminum deep processing [1] Group 2: Production Capacity - Hongtu Industrial has an electrolytic aluminum production capacity of 6.459 million tons per year and an alumina production capacity of 19 million tons per year [1] - The company is recognized as a global leader in aluminum manufacturing and is one of the largest electrolytic aluminum producers worldwide [1] Group 3: Financial Performance - In the first five months of this year, Hongtu Industrial reported revenue of 64.83 billion yuan [1] - Forecasts suggest that Hongtu Industrial's revenue could reach 141.93 billion yuan in 2025 and 146.96 billion yuan by 2029 [1]

Group 1 - The core point of the article highlights the performance of the 中证2000ETF嘉实 (159535), which has seen a decline of 0.85% to 1.394 yuan with a trading volume of 707,800 yuan as of the midday close on December 11 [1] - The fund's performance benchmark is the 中证2000 index return, managed by 嘉实基金管理有限公司, with a return of 40.77% since its establishment on September 14, 2023, and a return of -0.98% over the past month [1] Group 2 - The top holdings of 中证2000ETF嘉实 include 华胜天成, which fell by 1.43%, 汉威科技 down by 1.45%, 海立股份 down by 0.87%, and 仕佳光子 up by 4.94% [1] - Other notable stock movements include 东土科技 down by 1.68%, 每日互动 down by 2.23%, 宏创控股 up by 2.48%, 炬光科技 down by 2.01%, 永鼎股份 up by 9.98%, and 美湖股份 down by 1.41% [1]

Core Viewpoint - The restructuring committee of the Shenzhen Stock Exchange approved Shandong Hongchuang Aluminum Industry Holdings Co., Ltd.'s asset acquisition through share issuance, meeting restructuring conditions and information disclosure requirements [1]. Group 1: Transaction Details - The transaction involves the acquisition of 100% equity of Hongtuo Industrial from multiple parties, including Weiqiao Aluminum and others, through share issuance [4][6]. - The total transaction price for the 100% equity of Hongtuo Industrial is set at 6,351,793.54 million yuan, reflecting an increase in value of 2,077,812.78 million yuan, or 48.62% compared to the book value [5][6]. - The share issuance price is determined at 5.34 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [6]. Group 2: Company Background - Hongtuo Industrial is a leading global manufacturer of aluminum products, integrating the production and sales of electrolytic aluminum, alumina, and deep-processed aluminum products [7]. - The controlling shareholder of the listed company is Shandong Hongqiao, which holds 22.98% of the total shares, while Weiqiao Aluminum holds 95.2947% of the target company [7]. Group 3: Financial Advisors - Huatai United Securities and CITIC Securities are acting as independent financial advisors for this transaction, with specific representatives assigned from each firm [8].

中信建投证券股份有限公司 关于 山东宏创铝业控股股份有限公司 发行股份购买资产暨关联交易 之 独立财务顾问报告 （注册稿） 独立财务顾问 二零二五年十二月 声明与承诺 中信建投证券受山东宏创铝业控股股份有限公司的委托担任本次交易的独 立财务顾问。根据《公司法》《证券法》《重组管理办法》《发行注册管理办法》 《上市公司并购重组财务顾问业务管理办法》等法律、法规的有关规定，按照 证券行业公认的业务标准、道德规范，本着诚实信用、勤勉尽责精神，遵循客 观、公正的原则，在认真审阅相关资料和充分了解本次交易行为的基础上，本 独立财务顾问就本次交易的相关事项出具本独立财务顾问报告。 本独立财务顾问声明如下： 1、本独立财务顾问与本次交易所涉及的交易各方不存在利害关系，就本次 交易发表意见是完全独立的； 2、本独立财务顾问报告所依据的文件、材料由本次交易的相关各方向本独 立财务顾问提供。相关各方已承诺在本次交易过程中所提供的信息真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏。本独立财务顾问不承担由 此引起的任何风险责任； 3、本独立财务顾问报告是基于相关各方均按相关协议的条款和承诺全面履 行其所有义务的基础而提出 ...

3-2 法律意见书 序号 文件名称 页码 1 法律意见书 1-250 2 补充法律意见书（一） 251-368 3 补充法律意见书（二） 369-485 4 补充法律意见书（三） 486-553 5 补充法律意见书（四） 554-558 北京市天元律师事务所 关于山东宏创铝业控股股份有限公司 发行股份购买资产暨关联交易 之 法律意见 北京市天元律师事务所 北京市西城区金融大街 35 号国际企业大厦 A 座 509 邮编：100033 | | | 释 义 除非本法律意见中明确另有所指，以下词语具有如下定义： | 上市公司/公司/宏创 | 指 | 山东宏创铝业控股股份有限公司 | | --- | --- | --- | | 控股 | | | | 标的公司/宏拓实业 | 指 | 山东宏拓实业有限公司 | | 标的资产/交易标的 | 指 | 宏拓实业 100%股权 | | 本次交易/本次重组/ | | 山东宏创铝业控股股份有限公司以发行股份的方式 | | | | 购买山东魏桥铝电有限公司、济南嘉汇投资合伙企 | | | | 业（有限合伙）、中国东方资产管理股份有限公司、 | | | | 中国中信金融资产管理股份有限公 ...

Core Viewpoint - Shandong Hongchuang Aluminum Industry Holdings Co., Ltd. plans to acquire 100% equity of Shandong Hongtuo Industrial Co., Ltd. through a share issuance, with a transaction scale of 63.518 billion yuan, enhancing its competitive position in the aluminum industry [1][2]. Company Summary - Hongtuo Industrial is a leading global aluminum product manufacturer, with an annual production capacity of 6.459 million tons of electrolytic aluminum and 19 million tons of alumina, ranking as one of the largest electrolytic aluminum producers globally and the top among private enterprises in China [1]. - The company has been recognized for its technological advancements and environmental practices, including the world's first full-series 600kA ultra-large prebaked anode electrolytic cell, and has won the first prize of the China Nonferrous Metals Industry Science and Technology Award in 2016 [1]. - Hongtuo Industrial has a high proportion of green electricity and low carbon emissions, actively supporting national energy-saving and emission-reduction strategies, and has been awarded the "Leader" title in energy efficiency in the alumina industry [1]. Industry Summary - The acquisition is part of a strategy by China Hongqiao Group to consolidate its core aluminum assets back to A-share listings, which will enhance internal integration and improve the company's overall competitiveness in the market [2]. - Analysts indicate that the electrolytic aluminum industry is moving towards high-quality industrial clusters, with leading companies extending their operations downstream, resulting in an increasing on-site conversion rate of aluminum water [2]. - Over the next five years, the rough processing industry, which involves remelting aluminum ingots, is expected to shrink, while advanced aluminum processing clusters around aluminum plants will drive higher quality development in the industry [2].

股票代码：002379 股票简称：宏创控股 上市地点：深圳证券交易所 山东宏创铝业控股股份有限公司 发行股份购买资产暨关联交易报告书 （草案）（注册稿） | 事项 | 交易对方 | | --- | --- | | | 山东魏桥铝电有限公司、济南嘉汇投资合伙企业（有限 | | 发行股份购买资产 | 合伙）、中国东方资产管理股份有限公司、中国中信金 | | | 融资产管理股份有限公司等九名交易对方 | 独立财务顾问 二〇二五年十二月 山东宏创铝业控股股份有限公司发行股份购买资产暨关联交易报告书（草案）（注册稿） 声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、高级管理人员保证上市公司及时、公平地披露信 息，保证本报告书及其摘要内容的真实、准确、完整，不存在虚假记载、误导性 陈述或者重大遗漏，保证本报告书所引用的相关数据的真实性和合理性，并对所 提供信息的真实性、准确性、完整性负相应的法律责任。 如本次交易所披露或提供的信息涉嫌虚假记载、误导性陈述或者重大遗漏， 被司法机关立案侦查或者被中国证监会立案调查的，在形成调查结论以前，不转 让在该上市公司 ...

华泰联合证券有限责任公司 关于山东宏创铝业控股股份有限公司 发行股份购买资产暨关联交易 之 独立财务顾问报告 （注册稿） 独立财务顾问 二〇二五年十二月 华泰联合证券有限责任公司关于山东宏创铝业控股股份有限公司发行股份购买资产暨关联交易之独立财务顾问报告（注册稿） 独立财务顾问声明和承诺 华泰联合证券有限责任公司（以下简称"华泰联合""本独立财务顾问"） 接受山东宏创铝业控股股份有限公司（以下简称"宏创控股""上市公司"或 "公司"）委托，担任本次发行股份购买资产暨关联交易（以下简称"本次交 易"）的独立财务顾问，就该事项向上市公司全体股东提供独立意见，并制作本 独立财务顾问报告。 本独立财务顾问核查意见是依据《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》《上市公司并购重组财务顾问业 务管理办法》《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》《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》和《深圳证券交易所上市公司重大资产重组审核规则》等 法律法规及文件的规定和要求，以及证券行业公认的业务标准、道德规范，经 过 ...

Group 1 - The core viewpoint of the news is that Hongchuang Holdings (002379) successfully passed the approval for the acquisition of 100% equity in Shandong Hongtuo Industrial Co., Ltd., a leading global aluminum product manufacturer [1][2] - Hongtuo Industrial has an annual production capacity of 6.459 million tons of electrolytic aluminum and 19 million tons of alumina, making it one of the largest electrolytic aluminum producers globally and the top among private enterprises in China [1] - The company leads the industry in technology, market, cost, and environmental protection, and has received awards for its innovations, including the first prize in the 2016 China Nonferrous Metals Industry Science and Technology Award [1] Group 2 - Hongchuang Holdings is a subsidiary of China Hongqiao (01378.HK), and this transaction is a strategic move to bring core aluminum assets back to the A-share market, enhancing internal asset integration [2] - The transaction is expected to help the listed company turn losses into profits, significantly improve asset scale and sustainable operational capabilities, and enhance the overall quality of the listed company [2]