Group 1 - New stock offerings include Qiangyi Co. with an issuance price of 85.09 CNY per share and a subscription limit of 0.75 million shares, Yufan Technology at 22.29 CNY per share with a limit of 0.85 million shares, and Shuangxin Environmental Protection at 6.85 CNY per share with a limit of 60 million shares [2] - The Ministry of Commerce announced that some Chinese exporters have met the basic requirements for applying for general licenses regarding rare earth export controls, with some applications already approved [3] - The Hong Kong Stock Exchange is proposing a new trading unit framework to enhance market efficiency and reduce investment thresholds, which includes lowering the minimum value for trading units from 2000 HKD to 1000 HKD [4] Group 2 - The State Council issued guidelines to combat illegal activities related to tobacco, aiming to address issues such as counterfeiting and smuggling [4] - The State-owned Assets Supervision and Administration Commission released measures for accountability in investment violations, categorizing asset losses and defining responsibilities based on severity [5] - The Ministry of Industry and Information Technology announced that the photovoltaic industry will enter a critical governance phase by 2026, focusing on capacity regulation and management of manufacturing projects [5] Group 3 - The Bank of England announced a reduction in the benchmark interest rate from 4% to 3.75%, marking the lowest rate since February 2023 [6] - Haitian Flavor Industry plans to distribute a special dividend of 3 CNY per share [8] - Sichuan Road and Bridge has been acquired by Zhongyou Insurance, reaching a 5% shareholding [8]

Core Viewpoint - Nandu Power (300068) announced the termination of its control change plan after a five-day trading suspension, with stock resuming trading on December 19 [1]. Group 1: Control Change Plan - On December 11, Nandu Power disclosed that its controlling shareholders were planning a control change and the sale of its lead recycling business, leading to a stock suspension starting December 12 [4]. - The company extended the suspension on December 15 due to significant uncertainties, with expectations of resuming trading within three days [4]. - Ultimately, the company decided to terminate the control change plan after discussions with potential transaction parties failed to reach a consensus on key terms [4]. Group 2: Business Performance - Nandu Power reported a significant decline in performance, with a projected revenue drop of 45.56% in 2024 and a net loss of 1.497 billion yuan [6]. - For the first three quarters of the current year, revenue decreased by 24.8%, resulting in a net loss of 220 million yuan, with a debt ratio of 79% at the end of the reporting period [6]. - The lead recycling business has been a major factor in the company's poor performance, with a reported revenue decline and increased losses due to policy and supply-demand issues [6]. - The gross margin for the lead recycling segment was -11.02%, marking it as the only loss-making segment among the company's four business areas [6]. - The company has proactively reduced production in the lead recycling sector, indicating a strategic shift to optimize its asset structure and focus on core business development [6]. Group 3: Market Reaction - Nandu Power's stock has shown a downward trend since November, but rebounded after hitting a one-month low on December 5, with a cumulative increase of 10.39% in the two trading days before the suspension [6]. - The stock closed at 18.38 yuan per share, giving the company a market capitalization of approximately 16.5 billion yuan [6].

Core Viewpoint - Nandu Power has announced the termination of its planned change in control, with its stock set to resume trading on December 19 after a five-day suspension [1][3]. Group 1: Announcement and Suspension - On December 11, Nandu Power announced it was in discussions regarding a change in control and the sale of its recycled lead business, leading to a stock suspension starting December 12 [3][10]. - The company extended the suspension on December 15 due to significant uncertainties, with expectations of resuming trading shortly thereafter [11]. Group 2: Termination of Control Change - The latest announcement confirmed that after extensive discussions, the parties involved could not reach a consensus on key terms, leading to the decision to terminate the control change [4][11]. - Nandu Power stated that the termination would not have a significant adverse impact on its operational performance or financial condition, and it would continue to focus on sustainable development and enhancing profitability [4][11]. Group 3: Financial Performance - Nandu Power has faced significant financial pressure, with a projected revenue decline of 45.56% in 2024 and a net loss of 1.497 billion yuan [5][12]. - For the first three quarters of the current year, the company reported a revenue decrease of 24.8% and a net loss of 220 million yuan, with a debt ratio of 79% at the end of the reporting period [5][12]. - The poor performance of the recycled lead business has been a major factor in the company's struggles, with a reported gross margin of -11.02% for this segment, which is the only loss-making area among its four business lines [5][12]. Group 4: Market Reaction - Nandu Power's stock has shown a volatile trend, with a rebound observed after hitting a one-month low on December 5, culminating in a cumulative increase of 10.39% in the two trading days before the suspension [5][12]. - The stock closed at 18.38 yuan per share, giving the company a market capitalization of approximately 16.5 billion yuan [5][12].

Core Viewpoint - Nandu Power announced the termination of the planned change in control, with its stock resuming trading on December 19 after a five-day suspension [2][6]. Group 1: Control Change Announcement - On December 11, Nandu Power disclosed that its controlling shareholders were planning a change in control and the sale of the lead recycling business, leading to a temporary suspension of trading [6]. - Despite ongoing discussions, the parties involved could not reach a consensus on key terms, prompting the decision to terminate the control change [6][7]. Group 2: Business Performance - Nandu Power has faced significant pressure on its performance, with a projected revenue decline of 45.56% in 2024 and a net loss attributable to shareholders of 1.497 billion yuan [9]. - In the first three quarters of the current year, revenue decreased by 24.8%, with a net loss of 220 million yuan, and the company's debt-to-asset ratio reached 79% [9]. - The poor performance of the lead recycling business has been a major factor in the company's struggles, with a reported gross margin of -11.02% for this segment [9]. Group 3: Stock Performance - Since November, Nandu Power's stock has shown a downward trend, but it rebounded after hitting a one-month low on December 5, with a cumulative increase of 10.39% in the two trading days before the suspension [10]. - The stock closed at 18.38 yuan per share, giving the company a market capitalization of approximately 16.5 billion yuan [10].

（603787.SH）的电池合同纠纷案。公告称该案件被江苏省高级人民法院裁定发回重审，裁定重审原因 为"原审判决遗漏当事人参加诉讼"，这一裁定使得此前无锡市中级人民法院的一审结果被撤销，一审判 决南都电源向新日股份支付赔偿款1亿元。 从宣布筹划到筹划终止，公告中并未出现交易对手，交易层面似乎也未推进到具体细则。此外，终止公 告未提及再生铅业务的出售计划。 在今年三季报发布后，南都电源公告称，前三季度再生铅业务板块按照计划实现减产，第二季度和第三 季度扭亏为盈代表经营质量得到改善。不过，南都电源前三季度仍亏损2.2亿元，同比下降189.22%。 智通财经记者注意到，在停牌期间，南都电源还披露了一则诉讼进展公告，是公司与新日股份 智通财经12月18日讯（记者 陈抗）停牌7日（5个交易日）后，南都电源（300068.SZ）今日晚间宣布终 止筹划控制权变更事项，股票将于12月19日复牌。此前，公司同时筹划控制权变更及再生铅业务相关资 产处置引发关注。 南都电源称，"停牌期间，公司控股股东杭州南都电源有限公司、上海南都集团有限公司、上海益都实 业有限公司与交易对方就筹划控制权变更事项进行了充分探讨，但由于涉及事项较多， ...

Group 1 - Zhongwei Company plans to acquire controlling stake in Hangzhou Zhonggui through share issuance, with stock suspension starting December 19, 2025, for up to 10 trading days [1] - Qibin Group's subsidiary plans to establish Shenzhen Qibin New Energy Technology Co., with a registered capital of 600 million yuan to enhance photovoltaic glass supply chain efficiency [2] - Boying Special Welding's HRSG equipment is primarily matched with heavy gas turbines, with a production cycle of about 6 months, responding to increased demand in the U.S. market [3] Group 2 - Hongda Electronics' associate Jiangsu Zhanxin's application for IPO on the ChiNext has been accepted, with Hongda holding 13.79% of shares prior to the offering [5] - Yinxing Energy plans to acquire 50% stake in Tianjing Shenzhou for 20.15275 million yuan, which will enhance its renewable energy capacity [6] - Nandu Power's controlling shareholder has terminated plans for a change in control, leading to stock resumption on December 19, 2025 [7] Group 3 - Xibu Mining's subsidiary has obtained a mining license for iron resources, supporting sustainable development in the iron resource sector [9] - Shandong Expressway plans to provision for a long-term equity investment impairment of approximately 690 million yuan related to Dongxing Securities [10] - Tianfeng Securities has signed a supplementary agreement to extend the term of a 4 billion yuan subordinated debt by one year, with an adjusted interest rate of 4% [11] Group 4 - Shandong Zhanggu has received an administrative regulatory decision from the Shandong Securities Regulatory Commission for various compliance issues [12] - Nanjing Pharmaceutical plans to invest 120 million yuan to establish a medical device investment company, focusing on acquiring a stake in Ningbo Jiangfeng [13] - Hailianxun has received approval from the CSRC for a share swap merger with Hangzhou Steam Turbine, proceeding with related transactions [14] Group 5 - Luyuan Pharmaceutical reports normal operations with no significant changes in the internal and external business environment [15] - Nanhua Futures has set the H-share public offering price at 12 HKD per share, with expected listing on December 22, 2025 [17] - Visionox plans to invest 3.918 billion yuan in the second phase of the Hefei Guoxian AMOLED production line project, increasing its stake to 37.73% [18] Group 6 - Sichuan Road and Bridge has been acquired by Zhong Postal Insurance, reaching a 5% stake [19] - Boshuo Technology's directors plan to reduce their holdings by up to 18,300 shares [20] - O-film's controlling shareholder transferred 67.7048 million shares to settle debts, maintaining control with a 5.78% stake post-transfer [21] Group 7 - Junshi Biosciences' shareholder plans to reduce holdings by up to 2% through block trading [22] - Lihu Co. plans to reduce holdings by up to 2.98% through various trading methods [23] - Ruichen Environmental plans to reduce holdings by up to 3% through trading [25] Group 8 - Zhongfutong received a winning bid notification for a project worth approximately 411 million yuan [29] - Shikong Technology won a 141 million yuan project for smart cultural tourism integration [30] - Ningbo Construction's subsidiary won a 747 million yuan engineering project [31]

公告显示，南都电源控股股东杭州南都电源有限公司、上海益都实业有限公司、上海南都集团有限公司 筹划公司控制权变更相关事宜，该事项可能导致公司控股股东及实际控制人发生变更。公司股票已自12 月12日起停牌。 南都电源表示，由于涉及事项较多，经交易各方就核心条款经多次协商和谈判后，仍未达成共识，决定 终止本次控制权变更事项。公司目前各项经营情况正常，终止筹划本次控制权变更事项不会对公司经营 业绩和财务状况产生重大不利影响，公司将继续围绕公司发展战略，坚持可持续发展，提升公司盈利能 力。 北京商报讯（记者 马换换 李佳雪）控制权变更事项仅筹划一周时间，南都电源（300068）12月18日晚 间披露公告称，终止筹划控制权变更事项，公司股票自12月19日起复牌。 ...

格隆汇12月18日丨南都电源(300068.SZ)公布，停牌期间，公司控股股东杭州南都电源有限公司、上海 南都集团有限公司、上海益都实业有限公司与交易对方就筹划控制权变更事项进行了充分探讨，但由于 涉及事项较多，经交易各方就核心条款经多次协商和谈判后，仍未达成共识。经慎重考虑并友好协商， 为切实维护公司全体股东及公司利益，本着审慎的原则，决定终止本次控制权变更事项。公司目前各项 经营情况正常，终止筹划本次控制权变更事项不会对公司经营业绩和财务状况产生重大不利影响，公司 将继续围绕公司发展战略，坚持可持续发展，提升公司盈利能力，为公司和股东创造价值。根据深圳证 券交易所的相关规定，经公司向深圳证券交易所申请，公司股票（股票简称：南都电源，股票代码： 300068）自2025年12月19日（星期五）上午开市起复牌。 ...

南都电源（300068）(300068.SZ)公告，公司控股股东杭州南都电源有限公司、上海南都集团有限公 司、上海益都实业有限公司与交易对方就筹划控制权变更事项进行了充分探讨，但由于涉及事项较多， 经交易各方就核心条款经多次协商和谈判后，仍未达成共识，决定终止本次控制权变更事项。公司股票 自2025年12月19日(星期五)上午开市起复牌。 ...

智通财经APP讯，南都电源(300068.SZ)公告，公司控股股东杭州南都电源有限公司、上海南都集团有限 公司、上海益都实业有限公司与交易对方就筹划控制权变更事项进行了充分探讨，但由于涉及事项较 多，经交易各方就核心条款经多次协商和谈判后，仍未达成共识，决定终止本次控制权变更事项。公司 股票自2025年12月19日(星期五)上午开市起复牌。 ...