New Stock Issuance - New stock issuance for Huaxin Jingke at a price of 18.60 on August 25, 2025[1] - Shenkou Co. (stock code: 002633) has a tender offer period from July 29 to August 27, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] Market Alerts - Dongxin Co. (stock code: 688110) reported severe abnormal fluctuations on August 16, 2025[1] - ST Suwu (stock code: 600200) and ST Zhongdi (stock code: 000609) both have announcements dated August 25, 2025[1] - Multiple companies including Zhehai Deman (stock code: 688577) and Huaguang Huaneng (stock code: 600475) have announcements related to abnormal fluctuations on August 23, 2025[1] Additional Information - The report includes links to detailed announcements for various companies, providing transparency and access to further information[1] - The document highlights the importance of monitoring stock performance and market trends for informed investment decisions[1]

New Stock Listings - New stock "能之光" (Code: 920056) listed at an issue price of 7.21 on August 22, 2025[1] - "申科股份" (Code: 002633) has a tender offer period from July 29 to August 27, 2025[1] - "抚顺特钢" (Code: 600399) has a tender offer period from August 12 to September 10, 2025[1] Abnormal Fluctuations - "赛诺医疗" (Code: 688108) reported severe abnormal fluctuations on August 19, 2025[1] - "ST苏吴" (Code: 600200) announced abnormal fluctuations on August 21, 2025[1] - "汇嘉时代" (Code: 603101) reported abnormal fluctuations on August 22, 2025[1] Other Notable Announcements - "酒鬼酒" (Code: 000799) reported an announcement on August 21, 2025[1] - "国机精工" (Code: 002046) had an announcement on August 21, 2025[1] - "全柴动力" (Code: 600218) reported an announcement on August 21, 2025[1]

证券代码：002633 证券简称：申科股份 公告编号：2025-034 申科滑动轴承股份有限公司 关于深圳汇理鸿晟产业控股企业（有限合伙） 要约收购公司股份的第三次提示性公告 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。 重要内容提示： 圳汇理"、"收购人"） 要约收购申科滑动轴承股份有限公司（以下简称"上 市公司"、"公司"或"申科股份"）股份的第三次提示性公告。 年 8 月 27 日。本次要约收购期限届满前最后三个交易日，即 2025 年 8 月 25 日、2025 年 8 月 26 日和 2025 年 8 月 27 日，预受股东可撤回当日申报的预 受要约，但不得撤回已被中国证券登记结算有限责任公司深圳分公司（以下 简称"中登公司深圳分公司"）临时保管的预受要约。 本次要约收购系深圳汇理通过北京产权交易所公开竞价拟取得申科股份 理中心（有限合伙）（以下简称"北京华创"）签署了本次股份转让的相关《产 权交易合同》，根据《证券法》和《收购管理办法》的相关规定，深圳汇理应当 向申科股份除深圳汇理通过本次公开竞价拟取得股份以外的所有股东所持有的 上市公司全部无限 ...

2、本次预受要约申报代码：990085，申报价格：16.13 元/股。 3、本次要约收购期限共计 30 个自然日，期限自 2025 年 7 月 29 日至 2025 年 8 月 27 日。本次要约收购期限届满前最后三个交易日，即 2025 年 8 月 25 日、2025 年 8 月 26 日和 2025 年 8 月 27 日，预受股东可撤回当日申报的预 受要约，但不得撤回已被中国证券登记结算有限责任公司深圳分公司（以下 简称"中登公司深圳分公司"）临时保管的预受要约。 证券代码：002633 证券简称：申科股份 公告编号：2025-034 申科滑动轴承股份有限公司 关于深圳汇理鸿晟产业控股企业（有限合伙） 要约收购公司股份的第三次提示性公告 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。 重要内容提示： 1、本次公告为关于深圳汇理鸿晟产业控股企业（有限合伙）（以下简称"深 圳汇理"、"收购人"） 要约收购申科滑动轴承股份有限公司（以下简称"上 市公司"、"公司"或"申科股份"）股份的第三次提示性公告。 6、要约收购的价格：16.13 元/股。 本次要约收购的股 ...

New Stock Offerings - Shenke Co., Ltd. (002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Changcheng Military Industry (601606) announced a significant event on August 14, 2025[1] Market Alerts - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - ST Suwu (600200) has an announcement dated August 21, 2025, regarding market conditions[1] - Yunnan Zhiye (002428) and other companies have recent announcements on August 21, 2025, indicating market activity[1] Financial Performance - ST Jiangsu (600021) reported significant fluctuations on August 20, 2025, with a notable announcement[1] - ST Huanrong (600421) has an announcement dated August 20, 2025, reflecting market conditions[1] - ST Jinhong (000669) reported on August 20, 2025, indicating financial performance concerns[1]

New Stock Listings - Hongyuan Co., Ltd. (920018) listed at an issue price of 9.17 on August 20, 2025[1] - Shenkai Co., Ltd. (002633) has a tender offer period from July 29 to August 27, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] Market Alerts - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - Sino Medical (688108) announced significant market activity on August 19, 2025[1] - ST Haihua (600243) and ST Huapeng (603021) both reported abnormal trading conditions on August 20, 2025[1] Additional Announcements - Multiple companies including Guizhou Power (600021) and Jiangnan New Materials (603124) issued announcements regarding their trading status on August 20, 2025[1] - A total of 30 companies reported abnormal fluctuations or significant announcements in the market during the week of August 20, 2025[1]

New Stock Issuance - The new stock issuance for Balanshi is priced at 15.78 RMB per share, effective from August 19, 2025[1] - The offer period for Shenke Co., Ltd. (stock code: 002633) is from July 29, 2025, to August 27, 2025[1] - The offer period for Fushun Special Steel (stock code: 600399) is from August 12, 2025, to September 10, 2025[1] Corporate Actions - China Shipbuilding (stock code: 600150) is undergoing a merger and absorption process[1] - North Long Dragon (stock code: 301357) has announced significant corporate actions[1] - Changcheng Military Industry (stock code: 601606) has reported recent developments[1] Market Alerts - Dongxin Co., Ltd. (stock code: 688110) has experienced severe abnormal fluctuations in its stock price[1] - Sainuo Medical (stock code: 688108) is under scrutiny for unusual trading activity[1] - Nanya New Materials (stock code: 688519) has been flagged for market volatility[1]

New Stock Issuance - Shenke Co., Ltd. (002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - China Shipbuilding Industry (600150) announced a merger absorption on August 15, 2025[1] Market Alerts - Changcheng Military Industry (601606) reported severe abnormal fluctuations on August 14, 2025[1] - Dongxin Co., Ltd. (688110) and Sino Medical (688108) both reported significant market activities on August 16, 2025[1] - ST Jinggu (600265) experienced abnormal trading on August 16, 2025[1] Financial Instruments - Jintong Convertible Bond (113068) announced updates on August 16, 2025[1] - Zhejiang Dongri (600113) and Nanmo Biology (688265) also provided updates on August 16, 2025[1] - ST Xinchao (600777) and Yishitong (688733) reported significant market movements on August 16, 2025[1]

New Stock Issuance - China Shipbuilding (600150) has a buyback request period from August 13 to August 15, 2025[1] - Shenkai Co. (002633) has a tender offer period from July 29 to August 27, 2025[1] - ST Kelly (300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (601989) is undergoing a merger absorption[1] Market Alerts - Northern Long Dragon (301357) is experiencing severe abnormal fluctuations[1] - Great Wall Military Industry (601606) has a significant announcement on August 14, 2025[1] - ST Biological (000504) has a notable announcement on August 15, 2025[1] - ST South Property (002305) has a significant announcement on August 15, 2025[1] - ST Precision (600355) has a notable announcement on August 15, 2025[1]

Core Viewpoint - Shenzhen state-owned enterprises are seen as potential shell acquisition targets due to policy-driven transformations, asset integration needs, and shell resource characteristics [2][3] High Probability Restructuring Targets - Shen Zhen Zhen Ye A (000006) is identified as a high-restructuring probability target [2] - Shen Fang Zhi A (000045) is also categorized under high-restructuring probability [2] Medium Probability Restructuring Targets - Te Fa Information (000070) has a market capitalization of 12.6 billion yuan with a 36.99% stake held by Shenzhen State-owned Assets Supervision and Administration Commission (SASAC) [2] - The real estate sector is under pressure, with a 2023 impairment of 960 million yuan, necessitating a shell transformation [2] - The company has a cash reserve of 5 billion yuan and a 50%-60% probability of asset injection from Shenzhen Guo Mian [2] - Sha He Co., Ltd. (000014) has a market capitalization of 2.8 billion yuan and is controlled by Shenzhen SASAC [2] - The company is characterized as a "small-cap + light asset" with no land reserves, enhancing its shell resource appeal [2] - Strong synergy with Shenzhen Mian Group increases the likelihood of shell acquisition [2] Other Notable Companies - Shen Sai Ge (000058) and Shen Ke Co., Ltd. (002633) are also mentioned as potential restructuring candidates [3][4] - Shen Hui Li plans to acquire 41.89% equity for 1.4 billion yuan, indicating a potential turnaround for the company [4] Investment Strategy Recommendations - Short-term focus on Shen Zhen Zhen Ye A and Sha He Co., Ltd. due to policy catalysts and light asset flexibility [5] - Long-term positioning in Shen Fang Zhi A and Te Fa Information for semiconductor material transformation and AI computing collaboration [5] - Key monitoring points include the progress of Shenzhen "20+8" industry fund and the capital injection path of Shenzhen Guo Mian [3][5]