Group 1 - The core point of the article is that the humanoid robot leader, UBTECH (09880.HK), plans to acquire approximately 43% of the shares of Shenzhen-listed company Fenglong Co., Ltd. (002931) through a combination of "agreement transfer + tender offer" [1] - UBTECH will acquire 65,529,900 unrestricted circulating shares of Fenglong, representing 29.99% of the total share capital, at a transfer price of 17.72 yuan per share, totaling 1.161 billion yuan [3] - After the agreement transfer, UBTECH will further initiate a partial tender offer to all shareholders, aiming to acquire an additional 28,450,000 shares, which is 13.02% of the total share capital [5] Group 2 - The transferor has made an irrevocable commitment to effectively declare the acceptance of the tender offer for 28,427,600 shares, which accounts for 13.01% of the total share capital, and will waive the voting rights corresponding to these shares [5] - Following the completion of the share transfer and the waiver of voting rights, UBTECH will hold 29.99% of Fenglong's shares and the corresponding voting rights, changing the controlling shareholder from Chengfeng Investment to UBTECH, and the actual controller from Dong Jianggang to Zhou Jian [5] - The transaction is part of UBTECH's strategy to enhance its industrial chain layout and strengthen its core competitiveness, with no plans to change Fenglong's main business or conduct major asset adjustments in the next 12 months [7] Group 3 - UBTECH, established in 2012 and listed on the Hong Kong Stock Exchange on December 29, 2023, is a leading company in the robotics field, focusing on the research, design, production, and sales of humanoid robots and intelligent service robot solutions [8] - Despite being in a loss position with a projected net profit of -1.16 billion yuan for 2024, UBTECH's total assets continue to grow, reaching 5.134 billion yuan by the end of 2024 [8] - In 2023, UBTECH has secured nearly 1.4 billion yuan in orders for humanoid robots, with the industrial humanoid robot Walker S2 set for mass production and delivery, aiming for an annual delivery volume exceeding 500 units in 2024 and a planned production capacity increase to 10,000 units by 2026 [8]

Core Viewpoint - A Hong Kong-based embodied intelligence company, UBTECH, is set to acquire a controlling stake in Fenglong Co., Ltd. through a combination of agreement transfer, voting rights waiver, and tender offer, with a total investment of 1.665 billion yuan [1][3]. Group 1: Acquisition Details - UBTECH plans to acquire approximately 93.98 million shares of Fenglong, representing about 43% of the company's total shares [3]. - The agreement includes the transfer of 65.53 million unrestricted shares (29.99% of total shares) from Fenglong's major shareholder, Chengfeng Investment, to UBTECH [3]. - The share transfer and tender offer price is set at 17.72 yuan per share, reflecting a slight discount compared to Fenglong's closing price of 19.68 yuan on December 17 [3][4]. Group 2: Financial Performance - UBTECH's projected revenues for 2022 to 2024 are approximately 1.008 billion yuan, 1.056 billion yuan, and 1.305 billion yuan, with net losses of about 989.7 million yuan, 1.265 billion yuan, and 1.16 billion yuan respectively [4]. - Fenglong's revenues for the same period are expected to be around 587 million yuan, 433 million yuan, and 479 million yuan, with net profits fluctuating significantly [5]. - In the first three quarters of the current year, Fenglong reported revenues of approximately 373 million yuan, a year-on-year increase of 9.47%, and a net profit of about 21.52 million yuan, a substantial increase of 1714.99% [5]. Group 3: Strategic Implications - The acquisition aligns with the long-term strategic goals of both companies and is expected to create synergies that enhance UBTECH's humanoid robot development and commercialization [6]. - The integration of UBTECH's advanced humanoid robot technology with Fenglong's manufacturing capabilities and supply chain is anticipated to improve product competitiveness and market reach [6]. - The acquisition reflects a growing trend in the capital market for embodied intelligence companies, with recent activities including other A-share acquisitions and IPO preparations in the sector [6].

Core Insights - UBTECH announced the acquisition of 93,957,518 shares of Fenglong Co., representing 43% of the total shares, through a combination of "agreement transfer + tender offer" [1][2] - The share transfer and tender offer price is set at 17.72 yuan per share, reflecting a 10% discount compared to the last trading price of 19.68 yuan before suspension on December 17 [1][2] - The total consideration for the acquisition amounts to 1.665 billion yuan [1][2] Company Overview - Fenglong Co. specializes in the research and manufacturing of lawn mowers, engines, hydraulic control systems, and automotive parts [1][2] - The company possesses strong precision manufacturing capabilities, a mature supply chain system, and a broad customer base [1][2] - The complementary nature of the businesses between UBTECH and Fenglong is expected to lay a foundation for future industrial integration and development [1][2]

诚锋投资、董剑刚、锋驰投资、厉彩霞在《股份转让协议》中不可撤销地承诺，以合计所持目标公司 2842.76万股件流通股股份(占上市公司总股本的13.01%)就本次要约收购有效申报预受要约;同时，自过 户登记日起，放弃行使其所持有的前述预受要约对应的上市公司股份的表决权且除取得受让方事先书面 同意外，前述放弃行使的表决权始终不恢复。 本次股份转让过户登记及表决权放弃后，优必选将拥有上市公司29.99%的股份及该等股份对应的表决 权，上市公司控股股东将由诚锋投资变更为优必选，实际控制人由董剑刚变更为周剑。 经公司向深圳证券交易所申请，公司股票自2025年12月25日(星期四)开市起复牌。 锋龙股份（002931）(002931.SZ)发布公告，2025年12月24日，诚锋投资、董剑刚、宁波锋驰投资有限 公司(以下简称"锋驰投资")、厉彩霞与深圳市优必选科技股份有限公司(以下简称"优必选")签署了《关 于浙江锋龙电气股份有限公司之股份转让协议》。 约定诚锋投资向优必选协议转让上市公司合计6552.99万股无限售条件流通股股份(占上市公司总股本的 29.99%)及其所对应的所有股东权利和权益，每股转让价格为人民币17. ...

智通财经APP讯，锋龙股份(002931.SZ)发布公告，2025年12月24日，诚锋投资、董剑刚、宁波锋驰投资 有限公司(以下简称"锋驰投资")、厉彩霞与深圳市优必选科技股份有限公司(以下简称"优必选")签署了 《关于浙江锋龙电气股份有限公司之股份转让协议》。 本次股份转让过户登记完成后，优必选及/或其指定主体将向上市公司除受让方以外的全体股东发出部 分要约收购，要约收购股份数量为2845万股(占上市公司总股本的13.02%)，价格为人民币17.72元/ 股，)，不低于本次股份转让的每股转让价格。 诚锋投资、董剑刚、锋驰投资、厉彩霞在《股份转让协议》中不可撤销地承诺，以合计所持目标公司 2842.76万股件流通股股份(占上市公司总股本的13.01%)就本次要约收购有效申报预受要约;同时，自过 户登记日起，放弃行使其所持有的前述预受要约对应的上市公司股份的表决权且除取得受让方事先书面 同意外，前述放弃行使的表决权始终不恢复。 本次股份转让过户登记及表决权放弃后，优必选将拥有上市公司29.99%的股份及该等股份对应的表决 权，上市公司控股股东将由诚锋投资变更为优必选，实际控制人由董剑刚变更为周剑。 约定诚锋投资 ...

Core Viewpoint - The acquisition of Fenglong Co., Ltd. by UBTECH Robotics, the first humanoid robot company listed in Hong Kong, aims to enhance UBTECH's competitive position in the intelligent service robot industry through synergistic integration of technologies and manufacturing capabilities [2]. Group 1: Acquisition Details - UBTECH plans to acquire a controlling stake in Fenglong Co., Ltd. (002931.SZ) through a combination of agreement transfer and tender offer, initially acquiring 29.99% of shares and subsequently aiming for an additional 13.02%, potentially holding up to 43.01% post-transaction [2]. - The share transfer and tender offer price is set at 17.72 CNY per share, with a total estimated expenditure of 1.665 billion CNY for the acquisition [2]. Group 2: Financial Background - Fenglong Co., Ltd. reported approximately 479 million CNY in revenue for 2024, with a net profit attributable to shareholders of about 4.59 million CNY [4]. - For the first three quarters of 2025, Fenglong's revenue was approximately 373 million CNY, with a net profit of about 21.52 million CNY [4]. Group 3: Strategic Intent - UBTECH's management believes the acquisition will leverage Fenglong's established manufacturing strength, supply chain relationships, and customer base to enhance UBTECH's product competitiveness, cost structure, market coverage, and mass production capabilities [2]. - Following the acquisition, Fenglong will become UBTECH's first subsidiary listed on the A-share market, positioning UBTECH favorably within the intelligent service robot sector [2].

Core Viewpoint - Fenglong Co., Ltd. is undergoing a change in control, with Shenzhen Youbixuan Technology Co., Ltd. becoming the new controlling shareholder, effective from December 25 [2][8]. Group 1: Share Transfer Details - The agreement involves a share transfer where Chengfeng Investment will sell 29.99% of its shares in Fenglong to Youbixuan at a price of 17.72 yuan per share, totaling 1.161 billion yuan [7]. - Following the share transfer, Youbixuan will launch a partial tender offer for at least 13.02% of the shares at the same price of 17.72 yuan per share [7][8]. - After the transfer, Youbixuan will hold 29.99% of Fenglong's shares, and the voting rights associated with these shares will be transferred to Youbixuan [8]. Group 2: Future Performance Commitments - Youbixuan aims to enhance its industrial chain layout through this acquisition, leveraging its technology in humanoid robots alongside Fenglong's manufacturing capabilities [11]. - Fenglong is expected to achieve a net profit of 4.5929 million yuan in 2024 and 21.5185 million yuan in the first three quarters of 2025, with non-recurring net profits of 2.958 million yuan and 19.181 million yuan respectively [11]. - The company has committed to achieving net profits of no less than 10 million yuan, 15 million yuan, and 20 million yuan for the years 2026, 2027, and 2028 respectively [15].

Core Viewpoint - Fenglong Co., Ltd. plans to change its controlling shareholder to UBTECH Robotics Corp., with the resumption of trading set for December 25 [1][2]. Group 1: Shareholder Changes - The controlling shareholder, Zhejiang Chengfeng Investment Co., Ltd., will transfer 29.99% of its shares to UBTECH at a price of 17.72 yuan per share, totaling 1.161 billion yuan [3][4]. - After the transfer, UBTECH will hold 29.99% of Fenglong's shares, and the actual controller will change from Dong Jiangan to Zhou Jian [4][5]. Group 2: Financial Performance and Projections - Fenglong's net profit for 2024 and the first three quarters of 2025 is projected to be 4.59 million yuan and 21.52 million yuan, respectively [6]. - The company has committed to achieving a net profit of no less than 10 million yuan, 15 million yuan, and 20 million yuan for the years 2026, 2027, and 2028, respectively [9]. Group 3: Strategic Intent - The acquisition is part of UBTECH's strategy to enhance its industrial chain layout and strengthen its core competitiveness in humanoid robotics [6]. - UBTECH aims to leverage its technological advantages in humanoid robots alongside Fenglong's manufacturing and supply chain capabilities to promote the industrialization of humanoid robot technology [6].

Group 1 - The core point of the article is the share transfer agreement between Chengfeng Investment and UBTECH, where Chengfeng Investment will transfer 65,529,906 shares of Fenglong Co., accounting for 29.99% of the total share capital, at a price of RMB 17.72 per share, totaling approximately RMB 1.16 billion [1] - After the share transfer registration is completed, UBTECH will issue a partial tender offer to all shareholders, aiming to acquire 28,450,000 shares, which is 13.02% of the total share capital, at the same price of RMB 17.72 per share [1] - The stock of Fenglong Co. will resume trading on December 25, 2025, following the application to the Shenzhen Stock Exchange [2] Group 2 - For the first half of 2025, Fenglong Co.'s revenue composition is as follows: 36.83% from the landscaping machinery industry, 28.89% from hydraulic components, 23.3% from automotive parts, and 10.98% from other business revenues [2] - As of the report date, Fenglong Co. has a market capitalization of RMB 4.3 billion [3]

优必选称，双方业务的协同互补，将为后续产业融合发展奠定坚实基础。 同日，锋龙股份公告，12月24日，诚锋投资、董剑刚、锋驰投资、厉彩霞与优必选签署《关于浙江锋龙 电气股份有限公司之股份转让协议》，约定诚锋投资向优必选协议转让上市公司合计65,529,906股无限 售条件流通股股份(占上市公司总股本的29.99%)及其所对应的所有股东权利和权益，每股转让价格为人 民币17.72元，不低于协议签署日前一个交易日目标公司股票收盘价的百分之九十，股份转让价款总额 为人民币11.61亿元。本次股份转让过户登记及表决权放弃后，优必选将拥有上市公司29.99%的股份及 该等股份对应的表决权，上市公司控股股东将由诚锋投资变更为优必选，实际控制人由董剑刚变更为周 剑。公司股票自2025年12月25日开市起复牌。 新京报贝壳财经讯（记者韦博雅）12月24日，"人形机器人第一股"优必选发布公告，拟以"协议转让+要 约收购"的组合方式共收购深交所上市公司锋龙股份93957518股（占锋龙股份公司股份总数43%）。 编辑 岳彩周 根据公告，本次控制权变更方案中的股份转让价格、要约收购价格均为17.72元/股（相比12月17日锋龙 股份 ...