| 证券代码：300277 | 证券简称：海联讯 | 上市地：深圳证券交易所 | | --- | --- | --- | | 证券代码：200771 | 证券简称：杭汽轮 B | 上市地：深圳证券交易所 | 杭州海联讯科技股份有限公司 换股吸收合并杭州汽轮动力集团股份有限公司 暨关联交易报告书（草案） 吸并方 被吸并方 杭州海联讯科技股份有限公司 杭州汽轮动力集团股份有限公司 浙江省杭州市拱墅区庆春路 60 号东清 大厦 206-6 室 浙江省杭州市临平区康信路 608 号 1 幢 吸并方独立财务顾问 被吸并方独立财务顾问 二〇二五年六月 杭州海联讯科技股份有限公司换股吸收合并杭州汽轮动力集团股份有限公司暨关联交易报告书（草案） 公司声明 一、吸收合并双方及其全体董事、监事、高级管理人员保证本报告书及其摘 要内容的真实、准确、完整，并对其虚假记载、误导性陈述或重大遗漏负相应的 法律责任。 二、吸收合并双方控股股东及全体董事、监事、高级管理人员承诺，如就本 次交易所提供或披露的信息因涉嫌虚假记载、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，在案件调查结论明确之前，将暂停 转让各自在吸 ...

证券代码：200771 证券简称：杭汽轮 B 公告编号：2025-72 杭州汽轮动力集团股份有限公司 关于重大资产重组事项相关申请获得受理的公告 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。 杭州汽轮动力集团股份有限公司（以下简称"杭汽轮"或"公司"） 与杭州海联讯科技股份有限公司（以下简称"海联讯"）正在筹划由海 联讯向杭汽轮全体换股股东发行 A 股股票的方式换股吸收合并杭汽轮 （以下简称"本次交易"），海联讯为吸收合并方，杭汽轮为被吸收合 并方。 2025 年 6 月 20 日，公司收到海联讯转来的深圳证券交易所（以下 简称"深交所"）出具的《关于受理杭州海联讯科技股份有限公司换股 吸收合并杭州汽轮动力集团股份有限公司申请文件的通知》（深证上审 特此公告。 杭州汽轮动力集团股份有限公司董事会 二〇二五年六月二十四日 〔2025〕90 号）。深交所根据相关规定对申请文件进行了核对，认为申 请文件齐备，决定予以受理。 本次交易尚需通过深交所审核并取得中国证券监督管理委员会同 意注册的批复，最终能否通过审核、取得注册，以及最终通过审核、取 得注册的时间仍存在不 ...

Hangzhou Turbine Power Group Co., Ltd. Announcement on the acceptance of application related to material asset restructuring matters The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and completeness of the announcement. There are no false records, misleading statements, or significant omissions in this announcement. Hangzhou Turbine Power Group Co., Ltd. (hereinafter referred to as "HTC" or the "Company") and Hangzhou Hirisun Technology Incorporated.(her ...

Group 1: Company Overview and Product Applications - The company specializes in gas turbine products primarily used in distributed energy projects across various industries, including power, chemicals, municipal services, and papermaking [1] - Successful provision of gas turbine units for projects such as Kunshan GCL, Zhejiang Petrochemical, and China Guodian [1] - Over 50 gas turbine units have been delivered in collaboration with Siemens [1] Group 2: Research and Development Progress - The first self-developed 55MW gas turbine successfully ignited in 2025, with ongoing performance testing [2] - Hydrogen combustion tests have been completed with a 40% hydrogen blend [2] - The first commercial demonstration project has been established in Lianyungang to promote marketization of self-developed turbines [2] Group 3: Revenue Sources and Service Capabilities - Revenue from gas turbine business includes project sales and long-term service contracts [2] - A wholly-owned subsidiary is developing a professional talent pool for gas turbine maintenance, enhancing service capabilities [2] Group 4: Competitive Advantages - The company has 67 years of experience in the industrial turbine market, serving core clients in refining, petrochemicals, metallurgy, and coal chemical industries [2] - Established multiple domestic industry standards, creating competitive advantages in market presence, brand, technology, quality, talent, and service [2] - Customization, flexible manufacturing, and agile service enhance user experience [2] Group 5: Major Asset Restructuring Progress - The restructuring plan has been approved by the State-owned Assets Supervision and Administration Commission and the shareholders' meeting, with subsequent reporting to the stock exchange [2]

证券代码：200771 证券简称：杭汽轮B 公告编号：2025-71 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、本次换股吸收合并事项概况 杭州海联讯科技股份有限公司（以下简称"海联讯"）拟通过向 杭州汽轮动力集团股份有限公司（以下简称"杭汽轮"或"公司"） 全体换股股东发行 A 股股票的方式换股吸收合并杭汽轮（以下简称"本 次交易"或"本次换股吸收合并"）。本次换股吸收合并方案已经杭 汽轮 2025 年第二次临时股东会和海联讯 2025 年第一次临时股东会审 议通过。 根据换股吸收合并方案，本次换股吸收合并的定价基准日为吸收 合并双方首次董事会决议公告日。若合并双方任何一方自定价基准日 起至换股日（包括首尾两日）发生派送现金股利、股票股利、资本公 积转增股本、配股等除权除息事项，则海联讯和杭汽轮换股价格、换 股比例、海联讯异议股东收购请求权价格、杭汽轮异议股东现金选择 权价格等将相应调整。 二、杭汽轮和海联讯2024年年度利润分配方案及实施情况 杭汽轮 2024 年度利润分配预案已经杭汽轮九届十三次董事会、九 届十一次监事会、2024 年度股东会审议 ...

Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2025-71 Hangzhou Turbine Power Group Co., Ltd. Announcement on the adjustment of the share exchange price for the absorption merger after the implementation of the 2024 annual equity distribution The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and completeness of the announcement. There are no false records, misleading statements, or significant omissions in this announcement. I. Overview of the ...

Core Viewpoint - Hailianxun (300277.SZ) is undergoing a significant transformation through a rare "A-share acquisition of B-share" deal by merging with Hangqilun B (200771.SZ), which has a much stronger financial performance and assets [3][4][9]. Group 1: Transaction Details - Hailianxun plans to issue 1.175 billion shares at a swap price of 9.56 CNY per share to acquire all assets and liabilities of Hangqilun B, with a total transaction value of approximately 11.233 billion CNY [3][4][8]. - The merger will allow Hailianxun to inherit Hangqilun B's assets, liabilities, business, personnel, contracts, and other rights and obligations, while Hangqilun B will cease to exist as a listed entity [4][5]. - The Zhejiang Provincial State-owned Assets Supervision and Administration Commission has approved the overall plan for this transaction [4]. Group 2: Financial Performance - Hailianxun has reported a cumulative net profit of only 155 million CNY over 15 years, indicating poor operational results [2][9]. - In contrast, Hangqilun B has achieved a cumulative net profit of 9.191 billion CNY since its listing, with a significant increase in revenue from 4.762 billion CNY in 2020 to 6.639 billion CNY in 2024 [11]. - Hailianxun's total assets were only 676 million CNY as of the end of Q1 this year, while Hangqilun B's total assets stood at 17.381 billion CNY [3][10]. Group 3: Market Implications - The merger is expected to enhance the profitability of the combined entity, as Hangqilun B's stronger financials will support Hailianxun's struggling operations [3][11]. - Post-merger, Hailianxun will have a dual business model focusing on industrial turbine machinery and power information systems, potentially broadening its financing channels [11]. - However, Hangqilun B has experienced a decline in gross profit margin from 31.72% in 2020 to 19.36% in 2024, raising concerns about future profitability [12]. Group 4: Research and Development Concerns - Hangqilun B's R&D investment has decreased from 350 million CNY in 2021 and 2023 to 260 million CNY in 2024, which may impact its long-term growth prospects [12][13].

杭州汽轮动力集团股份有限公司 证券代码：200771 证券简称：杭汽轮B 公告编号：2025-70 二、债权申报相关事项 根据《中华人民共和国公司法》等相关法律法规的规定，公司债 权人自接到公司通知之日起三十日内、未接到通知者自本公告披露之 日起四十五日内，均有权凭有效债权文件及相关凭证要求公司清偿债 1 务或提供相应担保。债权人如逾期未向公司申报上述要求，不会因此 影响其债权的有效性，其享有的对公司的有关债权将自本次换股吸收 合并交割日起由本次吸收合并后的存续公司海联讯根据原债权文件的 约定继续履行。对于根据本公告进行有效申报的债权人，公司将在本 次换股吸收合并获得有权监管机构的批准、核准、注册或同意后，根 据债权人的要求，进行提前清偿或提供担保。 （一）债权申报时间 关于换股吸收合并事项通知债权人的公告 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、本次换股吸收合并的具体情况 杭州海联讯科技股份有限公司（以下简称"海联讯"）拟通过向 杭州汽轮动力集团股份有限公司（以下简称"公司"或"杭汽轮"） 全体换股股东发行 A 股股票的方式换股吸收合并杭汽轮（以 ...

Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2025-70 Hangzhou Turbine Power Group Co., Ltd. Announcement on the Notice to Creditors on the Merger by Share Exchange and Absorption The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and completeness of the announcement. There are no false records, misleading statements, or significant omissions in this announcement. I.The specific situation of the share exchange and absorption merger Hangzhou Hi ...

Core Viewpoint - Hangzhou Steam Turbine Co., Ltd. (Hangzhou Turbine B) is progressing towards a share swap merger with Hailianxun Technology Co., Ltd. to transition from B-share to A-share, aiming to enhance financing channels and improve company valuation and liquidity [2][4][5]. Group 1: Merger Details - The temporary shareholders' meeting of Hangzhou Turbine B approved the merger proposal, where Hailianxun will absorb Hangzhou Turbine B, leading to the termination of Hangzhou Turbine B's listing and legal status [2]. - The share swap price for Hangzhou Turbine B is set at 9.56 CNY per share, reflecting a 34.46% premium over the average trading price of 7.11 CNY in the previous 20 trading days [4]. - The total share capital of Hangzhou Turbine B is 1.175 billion shares, with a swap ratio of 1:1 for shares exchanged with Hailianxun [4]. Group 2: Business Context - Hangzhou Turbine B specializes in designing and manufacturing industrial steam turbines and gas turbines, along with providing related services [4]. - The company has faced limitations in financing due to the constraints of the B-share market, which has affected its liquidity and valuation compared to A-share peers [4][5]. Group 3: Financial Performance - Hangzhou Turbine B's revenue has shown continuous growth over the past three years, reaching 5.519 billion CNY in 2022, 5.924 billion CNY in 2023, and projected at 6.639 billion CNY in 2024 [7]. - However, the company's net profit attributable to shareholders has fluctuated, with a decline noted in 2023 [7]. - The gross profit margin of the main business has been declining, with figures of 26.58%, 23.89%, and 19.21% from 2022 to 2024, respectively [7][8].