Core Viewpoint - Fuhuang Steel Structure is actively seeking industrial upgrades amid pressure on its traditional business by acquiring 100% of Zhongke Vision for 1.14 billion yuan and raising up to 400 million yuan from specific investors [1][2] Company Overview - Fuhuang Steel Structure's main business includes steel structure processing and manufacturing, focusing on heavy and light steel structures, solid wood composite doors, and high-end windows and doors, primarily used in large industrial plants, high-rise buildings, exhibition centers, municipal bridges, and residential buildings [1] - Zhongke Vision specializes in high-speed visual perception and measurement technology, with its main products including high-speed cameras and various visual measurement and analysis systems [1] Strategic Shift - The acquisition marks a significant strategic shift for Fuhuang Steel Structure, transitioning its focus from steel structure business to the technology sector, aiming to optimize resource allocation and develop a high-tech company centered on high-speed vision [2] Financial Performance - Zhongke Vision's financial performance is underwhelming, with projected revenues of 191 million yuan and 222 million yuan for 2023 and 2024, respectively, and net profits of 15.54 million yuan and 15.45 million yuan, indicating a decline in net profit despite revenue growth in 2024 [2] - As of December 31, 2024, Zhongke Vision's net asset value is 391 million yuan, with a valuation of 1.14 billion yuan, reflecting a significant increase of 748 million yuan and a valuation increase rate of 191.22% [2] Recent Performance - Fuhuang Steel Structure has faced declining operating revenue and net profit from 2022 to 2024, but showed signs of recovery in Q1 2025 with revenues of 933 million yuan and net profits of 17.42 million yuan, representing year-on-year growth of 1.65% and 4.04%, respectively [2] Profit Commitment - Zhongke Vision has committed to achieving net profits of no less than 33.33 million yuan, 50.72 million yuan, and 73.11 million yuan for the years 2025, 2026, and 2027, respectively, with a cumulative target of at least 157 million yuan over three years [3]

Group 1 - Hong Kong government announced 30 measures to promote the development of the silver economy, addressing the aging population trend and tapping into the potential of the silver market [1][2] - The measures are categorized into five areas: promoting silver consumption, developing silver industries, promoting silver quality assurance, promoting silver financial and protection arrangements, and unleashing silver production potential [1] Group 2 - Three Guangdong enterprises, including Tencent Technology, Guangdong Radio and Television Network, and Guangdong Publishing Group, were selected for the 2025 National Cultural Enterprises Top 30, showcasing the strength and positive development of Guangdong's cultural industry [3][4] - These companies excel in digital creativity, animation, gaming, online audio-visual, and industrial investment [4] Group 3 - The "Bay Area Lingding" aquaculture vessel, built with an investment of 260 million yuan, was launched, marking the world's first self-propelled mobile aquaculture platform designed according to classification society standards [5] - The vessel has a total length of 155.8 meters, a maximum aquaculture draft of 20 meters, and a capacity of 80,000 cubic meters, with an annual production capacity of 3,000 to 5,000 tons, equivalent to the output of 5,000 mu of fish ponds [5] - The vessel is expected to be delivered for operation in August and aims to create a "blue granary" in the Wanshan Islands [5] Group 4 - The Shenzhen Chunfeng Tunnel officially opened, featuring a 15.8-meter diameter, setting a record for the largest single-hole double-deck shield tunnel in South China [6] - The tunnel's completion is expected to enhance connectivity and efficiency between Shenzhen's eastern regions and areas like Luohu, Futian, and Nanshan, playing a significant role in the industrial transformation and upgrading of the eastern region [7] Group 5 - The Shenzhen Component Index closed at 10,029.11 points, down 0.61% [8] - Notable gainers included Zhongqi Co., Ltd. with a price of 7.12 yuan, up 20.07%, and Greebo with a price of 24.88 yuan, up 20.02% [8] - Major decliners included Binhai Energy at 13.64 yuan, down 10.03%, and Jiangsu Leili at 52.52 yuan, down 7.75% [8]

Group 1 - The core point of the article is that Fuhuang Steel Structure plans to acquire Hefei Zhongke Junda Vision Technology Co., Ltd., marking its entry into the high-end precision scientific instrument sector [1] - Zhongke Vision possesses fully independent intellectual property rights for its "Thousand-Eye Wolf" high-speed camera and core products related to three-dimensional motion measurement, precision deformation morphology measurement, and dynamic fluid flow field measurement [1] - The company has accumulated 253 patents and its products are applied in research, aerospace, and high-end manufacturing, with exports to countries such as Germany, France, and Southeast Asia [1] Group 2 - The acquisition signifies a strategic diversification for Fuhuang Steel Structure into a market segment that currently lacks comparable listed companies in the A-share market [1] - This move highlights the company's ambition to expand its business portfolio and tap into the growing demand for high-end scientific instruments [1]

Audit Opinion - The audit report states that the financial statements of Hefei Zhongke Junda Vision Technology Co., Ltd. fairly reflect the financial position as of December 31, 2023, and December 31, 2024, as well as the operating results and cash flows for the years 2023 and 2024 [2][3]. Key Audit Matters - Revenue recognition is identified as a key audit matter, with operating revenues for 2023 and 2024 reported at RMB 190.9851 million and RMB 221.6244 million, respectively. The revenue from high-speed cameras and visual measurement systems accounted for 86.62% and 94.85% of total revenue in those years [3][5]. - Accounts receivable and contract assets impairment is another key audit matter, with accounts receivable balances of RMB 42.4672 million and RMB 73.7797 million for the years ending December 31, 2023, and December 31, 2024, respectively. The impairment provisions for these amounts were RMB 2.9012 million and RMB 5.2672 million [5][6]. Company Overview - Hefei Zhongke Junda Vision Technology Co., Ltd. was established as a joint-stock company with a registered capital of RMB 54.866072 million. The company specializes in the research, development, production, and sales of high-speed imaging, analysis, and processing instruments and systems [11][12]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations within the next 12 months [12][13]. Important Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that the financial statements provide a true and complete reflection of its financial condition, operating results, and cash flows [12][13]. - The company employs specific accounting policies for financial instruments, inventory, fixed assets depreciation, and revenue recognition, tailored to its operational characteristics [12][13]. Financial Performance - The company reported significant revenue growth, with operating revenues increasing from RMB 190.9851 million in 2023 to RMB 221.6244 million in 2024, indicating a strong market demand for its products [3][5].

安徽富煌钢构股份有限公司（以下简称"上市公司"或"公司"）拟通过发 行股份及支付现金的方式向富煌建设、孟君、吕盼稂、富煌众发等 17 名交易对 方购买其合计持有的合肥中科君达视界技术股份有限公司 100.00%股份，并向不 超过 35 名特定投资者募集配套资金（以下合称"本次交易"）。 华泰联合证券有限责任公司（以下简称"本独立财务顾问"）系本次交易的 独立财务顾问。本独立财务顾问依照《上市公司重大资产重组管理办法》《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》《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》 《上市公司并购重组财务顾问业务管理办法》及其他相关法规规范要求，就本次 交易相关事宜进行了尽职调查，对上市公司相关的申报和披露文件进行了审慎核 查。本独立财务顾问在充分尽职调查和内部审核的基础上作出以下承诺： （一）本独立财务顾问已按照规定履行尽职调查义务，有充分理由确信所发 表的专业意见与上市公司和交易对方披露的文件内容不存在实质性差异； 华泰联合证券有限责任公司 作为安徽富煌钢构股份有限公司独立财务顾问在充分尽职 调查和内核基础上出具的 ...

Company Overview - Anhui Fuhuang Steel Structure Co., Ltd. was established on December 16, 2004, and is headquartered in Chao Lake City, Anhui Province. The company primarily operates in the metal products industry, focusing on the production and sales of steel structure products and providing related engineering services [2][3]. Major Asset Restructuring Plan - The company plans to acquire 100% equity of Hefei Zhongke Junda Vision Technology Co., Ltd. through a combination of issuing shares and cash payments. The total transaction price is set at 1.14 billion yuan, with 798 million yuan (70%) paid in shares and 342 million yuan (30%) in cash. The share issuance will not exceed 30% of the total share capital post-transaction [3][4]. - The share issuance price is determined to be 4.30 yuan per share, which is not lower than 80% of the average trading price over the previous 120 trading days [3][4]. Financial Reporting Basis - The pro forma consolidated financial statements are prepared in accordance with the relevant regulations of the China Securities Regulatory Commission regarding major asset restructuring. The financial statements reflect the company's financial position as if the restructuring had been completed on January 1, 2024 [5][6]. - The purchase cost for the restructuring is recorded as 1.14 billion yuan, with adjustments made to the equity attributable to the parent company based on the share issuance and cash payment [5][6]. Accounting Policies and Estimates - The company adopts specific accounting policies for financial instruments, inventory, fixed assets depreciation, intangible assets, and revenue recognition based on its operational characteristics [7][8]. - The accounting period for the financial statements is from January 1 to December 31, 2024, with the reporting currency being Renminbi [7][8]. Financial Instruments and Risk Management - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss [11][12]. - The company assesses expected credit losses for financial assets and recognizes loss provisions based on historical credit loss experience and forward-looking information [19][20].

安徽富煌钢构股份有限公司（以下简称"上市公司"或"公司"）拟通过发 行股份及支付现金的方式向富煌建设、孟君、吕盼稂、富煌众发等 17 名交易对 方购买其合计持有的合肥中科君达视界技术股份有限公司 100.00%股份，并向不 超过 35 名特定投资者募集配套资金（以下合称"本次交易"）。 华泰联合证券有限责任公司（以下简称"独立财务顾问"）作为本次交易的 独立财务顾问，按照《关于加强证券公司在投资银行类业务中聘请第三方等廉洁 从业风险防控的意见》（证监会公告〔2018〕22 号）的规定，就独立财务顾问及 上市公司在本次交易中聘请第三方机构或个人（以下简称"第三方"）的行为进 行核查，并发表如下意见： 一、本次交易中独立财务顾问有偿聘请第三方的核查 经核查，截至本核查意见出具日，独立财务顾问在本次交易中不存在直接或 间接有偿聘请其他第三方的行为。 二、上市公司有偿聘请第三方等相关行为的核查 本次交易中，上市公司因本次交易而聘请如下中介机构为本次交易提供服务： 本次交易的独立财务顾问； 华泰联合证券有限责任公司 关于本次交易符合《关于加强证券公司在投资银行类业务 中聘请第三方等廉洁从业风险防控的意见》的相关规定之 ...

证券代码：002743 证券简称：富煌钢构 公告编号：2025-040 安徽富煌钢构股份有限公司 关于股东权益变动的一般风险提示性公告 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、误导性陈述或者重大遗漏。 安徽富煌钢构股份有限公司（以下简称"上市公司"或"公司"）拟通过发 行股份及支付现金方式向富煌建设、孟君、吕盼稂、富煌众发等17名交易对方购 买其合计持有的合肥中科君达视界技术股份有限公司100.00%股份，并向不超过 行股份及支付现金购买资产并募集配套资金暨关联交易方案的议案》等与本次交 易相关的议案。 本次交易方案包括发行股份及支付现金购买资产和募集配套资金两部分。其 中，募集配套资金以发行股份及支付现金购买资产的成功实施为前提条件，但最 终募集配套资金成功与否或是否足额募集均不影响发行股份及支付现金购买资 产的实施。 如无特殊说明，本公告中简称与《安徽富煌钢构股份有限公司发行股份及支 付现金购买资产并募集配套资金暨关联交易报告书（草案）》中的简称具有相同 含义。 本次交易前 本次交易后（不考虑配套融资） | 持股数量（股） | | 持股比例 | 持股数量（股） | | 持 ...

签署日期：二〇二五年五月 信息披露义务人声明 一、本报告书系依据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益 变动报告书》及相关法律、法规和规范性文件的要求编制。 二、截至本报告书签署日，信息披露义务人签署本报告书已获得必要的授权和批准， 其程序履行亦不违反公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本报告书 已全面披露了信息披露义务人在安徽富煌钢构股份有限公司中拥有权益的股份变动情 况。截至本报告书签署日，除本报告书披露的信息外，信息披露义务人没有通过任何其 他方式增加或减少其在安徽富煌钢构股份有限公司拥有权益的股份。 四、本次权益变动是根据本报告书所载明的资料进行的。除信息披露义务人外，没 有委托或者授权任何其他人提供未在本报告书中列载的信息和对本报告书做出任何解 释或者说明。 五、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大遗漏，并对 其真实性、准确性、完整性承担个别和连带的法律责任。 安徽富煌钢构股份有限公司 简式权益变动报告书 ...

Core Viewpoint - Anhui Fuhuang Steel Structure Co., Ltd. plans to acquire 100% equity of Hefei Zhongke Junda Vision Technology Co., Ltd. through a combination of issuing shares and cash payment, with a total transaction price of 1.14 billion yuan [3][18]. Group 1: Transaction Overview - The transaction involves purchasing 100% equity of Zhongke Vision from 17 counterparties, including Fuhuang Construction, Meng Jun, and Lü Panlang [3][5]. - The total transaction price is set at 1.14 billion yuan, with the cash component being 342 million yuan and the remaining 798 million yuan paid in shares [7][31]. - The company plans to raise up to 400 million yuan through issuing shares to no more than 35 specific investors, which will not exceed 30% of the total share capital before the transaction [3][15]. Group 2: Regulatory Compliance - The Supervisory Board has confirmed that the transaction complies with relevant laws and regulations, including the Company Law and Securities Law [2][22]. - The transaction is classified as a related party transaction, with the related supervisor Zhang Yanhong abstaining from voting [4][18]. - The proposal will be submitted for approval at the company's shareholders' meeting [5][20]. Group 3: Valuation and Pricing - The valuation date for the target asset is December 31, 2024, and the transaction price is based on the assessment results from a qualified asset appraisal agency [3][30]. - The share issuance price is set at 4.30 yuan per share, which is not lower than 80% of the average trading price over the previous 120 trading days [5][30]. - The assessment of Zhongke Vision's equity was conducted using both market and income approaches, with the income approach being selected for the final valuation [29][30]. Group 4: Fund Utilization - The raised funds will be used for cash payments related to the transaction, intermediary fees, and associated taxes [16][30]. - The company may opt to use self-raised funds for cash payments before the raised funds are available, with plans to replace them once the funds are secured [3][16]. Group 5: Shareholder Rights and Lock-up Period - Shares obtained through this transaction will be subject to a lock-up period, with specific terms varying by counterparty [10][11]. - The lock-up period for shares acquired by Fuhuang Construction and Meng Jun will last for 36 months, while other counterparties may have a 12 to 36-month lock-up depending on their investment duration [10][11]. Group 6: Financial Performance and Reporting - The transaction is not classified as a major asset restructuring, as the transaction amount does not exceed 50% of the company's relevant financial metrics [18][19]. - The company has conducted a self-examination of stock price fluctuations prior to the announcement, noting a cumulative increase of 31.06% over the last 20 trading days [26][30].