通裕重工股份有限公司 详式权益变动报告书 通裕重工股份有限公司 详式权益变动报告书 上市公司名称：通裕重工股份有限公司 股票上市地点：深圳证券交易所 股票简称：通裕重工 股票代码：300185 信息披露义务人：山东国惠资本有限公司 股份变动性质：增加 注册地址：中国（山东）自由贸易试验区济南片区经十路 7000 号汉 峪金谷 A4-5 号楼 4 层 408-36 室 通讯地址：中国（山东）自由贸易试验区济南片区经十路 7000 号汉 峪金谷 A4-5 号楼 4 层 408-36 室 通裕重工股份有限公司 详式权益变动报告书 信息披露义务人声明 一、本报告书系信息披露义务人依据《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》《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》等相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信 息披露义务人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 ...

通裕重工股份有限公司 简式权益变动报告书 上市公司名称:通裕重工股份有限公司 股票上市地点:深圳证券交易所 股票简称:通裕重工 股票代码: 300185.SZ 信息披露义务人名称:瑞海港 高栏港大厦第 24 层 2401 号 联系及送达地址:珠海市南永镇桥 蛋路 16 权益变动性质:股份数量减 (非公开协议转让、表决权委托) 長洪树 签署日期:二〇二五年五月 通裕重工股份有限公司简式权益变动报告书 信息披露义务人声明 一、本报告书系信息披露义务人依据《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-叔益变动报告书》及其他相关的法律、法规和规范性文件 编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准,其履行亦不违 反信息披露义务人章程及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通裕重工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 ...

通裕重工股份有限公司 详式权益变动报告书之财务顾问核查意见 申万宏源证券承销保荐有限责任公司 关于通裕重工股份有限公司 详式权益变动报告书 之 财务顾问核查意见 二〇二五年五月 重要声明 根据《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》 《公开发行证券的公司信息披露内容与格式准则第 16 号——上市公司收购报告书》 等法律法规及规范性文件的有关规定，申万宏源证券承销保荐有限责任公司按照行业 公认的业务标准、道德规范，本着诚实信用和勤勉尽责的原则，对信息披露义务人出 具的《详式权益变动报告书》所披露的内容出具核查意见，以供投资者和有关各方参 考。 为此，本财务顾问特作出以下声明： 1、本财务顾问及信息披露义务人与本次权益变动行为之间不存在任何关联关系， 亦未委托或授权其他任何机构或个人提供未在本核查意见中列载的信息和对本核查意 见做任何解释或者说明。 2、本财务顾问依据的有关资料由信息披露义务人提供。信息披露义务人已做出承 诺，保证其所提供的信息和文件真实、准确、完整，不存在任何重大遗漏、虚假记载 或误导性陈 ...

Core Viewpoint - The control of Tongyu Heavy Industry has changed hands again after more than four years, with Shandong Guohui Capital acquiring a 15.5% stake from Zhuhai Port Group for 1.341 billion yuan, leading to a shift in actual control from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets Supervision and Administration Commission [2][4]. Group 1: Control Change Details - The transaction involves a cash acquisition and a voting rights delegation, with Zhuhai Port Group transferring 604 million shares (15.5% of total shares) to Guohui Capital at a price of 2.22 yuan per share, totaling 1.341 billion yuan [4]. - After the transaction, Zhuhai Port Group will retain 188 million shares (4.83% of total shares) with voting rights exclusively delegated to Guohui Capital [4]. - The change in control comes after Zhuhai Port Group's four-year tenure, during which Tongyu Heavy Industry's performance declined significantly [4][10]. Group 2: Company Performance - Tongyu Heavy Industry has experienced a continuous decline in net profit for four consecutive years, with figures dropping from 285 million yuan in 2021 to 4.1 million yuan in 2024, reflecting year-on-year decreases of -25.36%, -13.57%, -17.01%, and -79.73% respectively [10]. - The company's gross margin has also decreased significantly, falling from a stable range of 23%-26% between 2018 and 2020 to a range of 12.73%-17.28% from 2021 to 2024 [11]. - The decline in performance is attributed to intensified competition in the wind power industry, leading to a decrease in product prices [11]. Group 3: Market Reaction - Following the announcement of the control change, Tongyu Heavy Industry's stock surged by 9.43% on its first trading day after resuming trading, closing at 2.67 yuan per share [3]. Group 4: Future Prospects - Guohui Capital, which has been eyeing Tongyu Heavy Industry for some time, aims to leverage its local roots to improve the company's performance [12]. - Despite a significant increase in net profit in the first quarter of the year, the growth was primarily due to reduced financial expenses and recovery of bad debts, with revenue remaining stagnant [13].

Group 1 - The core point of the news is that Tongyu Heavy Industry is undergoing a change in control, with Shandong Guohui Capital becoming the new controlling shareholder after acquiring approximately 15.50% of the company's shares from Zhuhai Port Group for a total of about 1.34 billion yuan [1][2] - Following the completion of the transaction, the actual controller of Tongyu Heavy Industry will change to the Shandong Provincial State-owned Assets Supervision and Administration Commission [2] - This marks the second time Tongyu Heavy Industry has changed hands, with its previous actual controller being Si Xingkui, who transferred shares to Zhuhai Port Group in 2020 [2] Group 2 - Since Zhuhai Port Group took control, Tongyu Heavy Industry's operating performance has declined, with revenue figures from 2021 to 2024 showing fluctuations and a significant drop in net profit [3] - The company's revenue for 2021, 2022, 2023, and 2024 was 5.749 billion yuan, 5.913 billion yuan, 5.809 billion yuan, and 6.154 billion yuan respectively, with net profit decreasing from 285 million yuan in 2021 to just 4.1 million yuan in 2024 [3][4] - In the first quarter of this year, Tongyu Heavy Industry reported a revenue of 1.415 billion yuan, a year-on-year increase of 1.34%, and a net profit of 38.87 million yuan, a significant year-on-year increase of 270.31% [3][4] Group 3 - The stock price of Tongyu Heavy Industry surged by 9.84% following the announcement of the change in control, bringing its market capitalization to 10.44 billion yuan [5]

Core Viewpoint - Zhuhai Port Group will relinquish control of Tongyu Heavy Industry after five years, transferring control to Shandong Guohui Capital, marking a significant shift in ownership and management [1][2][3]. Group 1: Ownership Change - The transfer agreement was signed on May 6, with Zhuhai Port Group transferring 604 million shares (15.5% of total shares) to Guohui Capital at a price of 2.22 yuan per share, totaling 1.341 billion yuan, which is approximately 9.02% lower than the closing price before the suspension [2][3]. - After the transfer, Guohui Capital will hold 20.33% of the voting rights, while Zhuhai Port Group's voting rights will drop to 0, effectively changing the actual controller from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets Supervision and Administration Commission [3][4]. Group 2: Financial Performance - Tongyu Heavy Industry has experienced a decline in net profit for four consecutive years since 2021, despite revenue growth from 5.687 billion yuan in 2020 to 6.154 billion yuan in 2024 [7][8]. - The company's net profit fell from 381 million yuan in 2020 to 41 million yuan in 2024, with a corresponding decrease in gross profit margin from 23.78% to 12.73% [7]. - The company attributes its declining performance to intense competition in the wind power industry, which has led to price wars and overcapacity since the "rush to install" in 2020 [7][8]. Group 3: Strategic Direction - In response to the competitive landscape, Tongyu Heavy Industry is focusing on expanding its overseas market presence, with overseas revenue accounting for 40.75% of total revenue in 2024, a 14.12% increase from the previous year [8].

Group 1 - US stock market experienced a decline with the Dow Jones down 0.95%, Nasdaq down 0.87%, and S&P 500 down 0.77% [1] - Popular Chinese concept stocks saw significant gains, with Xiaoma Zhixing up over 47%, Wenyan Zhixing up over 31%, and Bitdeer up over 6% [1] - Tesla faced challenges in Europe with double-digit declines in six major markets, including a two-year low in the UK and nearly a halving in Germany [8] Group 2 - The US trade deficit expanded to a record high of $140.5 billion in March [2] - The Trump administration is preparing to issue an executive order aimed at accelerating the deployment of nuclear reactors [4] - Huang Renxun stated that the Chinese AI chip market is expected to reach a scale of $50 billion [5] Group 3 - The European Union is considering countermeasures against the US, planning to impose tariffs on $100 billion worth of US goods if negotiations fail [9] - COMEX gold futures saw a rise of over 3%, with prices surpassing $3,400 per ounce [10] Group 4 - The Chinese government plans to implement a package of financial policies to stabilize the market and expectations [11][12] - The Ministry of Commerce announced that China has agreed to engage in talks with the US [12] - The first quarter GDP growth in China was reported at 5.4% year-on-year, with confidence in achieving a 5% growth target by 2025 [20] Group 5 - The quantum computing industry in China is advancing with the launch of a fourth-generation quantum computing measurement and control system [16][21] - The DRAM market is expected to grow significantly, with a 42.5% year-on-year increase to $26.729 billion in Q1 2025, driven by AI server demand and recovery in PC and mobile sectors [21] - Huawei is set to unveil its HarmonyOS PC, marking a significant development in domestic computer technology [22][23]

Group 1 - Ningde Times announced a share buyback plan with a total fund of 40 billion to 80 billion yuan, having repurchased 6.641 million shares, accounting for 0.1508% of the total share capital, with a total expenditure of 1.551 billion yuan [1] - Guoxin Technology successfully tested its quantum-resistant password chip AHC001, which is based on a domestic 28nm process and features low power consumption and high security, aimed at high-security applications [2] - Jingcheng Co. plans to introduce investors through a capital increase and share expansion for its subsidiary Tianhai Hydrogen Energy, with details yet to be determined [3] Group 2 - Weir Shares' shareholder plans to exchange up to 10 million shares for an open-ended index fund, representing 0.82% of the total share capital, aimed at optimizing asset allocation [4] - Zhejiang University Network New committed 33 million yuan to invest in a venture capital fund focusing on artificial intelligence and robotics, with a total target size of 100 million yuan [5] - Huayi Group intends to acquire 60% of San Aifu for 4.091 billion yuan to expand its business in fluorine fine chemicals, with funding sourced from its own or self-raised funds [6] Group 3 - Huina Technology's controlling shareholder is planning a change of control, leading to a temporary suspension of stock trading [7] - Tongyu Heavy Industry's actual controller will change from Zhuhai State-owned Assets Supervision and Administration Commission to Shandong State-owned Assets, following a share transfer agreement [8] - Kangxi Communication terminated its major asset restructuring plan and shifted to a strategic investment plan to acquire 35% of Shenzhen Chip Zhongxin Technology [9] Group 4 - Huafeng Measurement Control's shareholder plans to transfer 2.9% of its shares due to funding needs, with the transfer price set at a minimum of 70% of the average trading price over the previous 20 trading days [10] - Xiangyuan Cultural Tourism reported a 50.47% year-on-year increase in revenue during the May Day holiday [13] - Sairisi's April new energy vehicle sales increased by 12.99% year-on-year [13]

★ 宏观动态 ★ 预告：央行、证监会等部门7日上午9时将发声，介绍"一揽子金融政策支持稳市场稳预期"有关情况 国务院新闻办公室5月6日消息，国务院新闻办公室将于5月7日上午9时举行新闻发布会，中国人民银行、国家 金融监督管理总局、中国证券监督管理委员会负责人介绍"一揽子金融政策支持稳市场稳预期"有关情况，并答 记者问。 特朗普称不会为了和中国谈判而取消对华关税？外交部回应 据环球时报报道，外交部发言人林剑5月6日主持例行记者会。美国总统特朗普在接受美国全国广播公司 （NBC）采访时称，他不会为了开启谈判而取消对中国加征的关税。中美双方距离正式开启贸易谈判还有多 远？是否美国必须先降低关税，中国才愿意参与谈判？ 对此，中国外交部发言人林剑表示，这场关税战是美方挑起的，中方的态度是一贯的，也是明确的。打，奉陪 到底，谈，大门敞开。美方近期不断表示，希望同中方进行谈判，关税战、贸易战没有赢家，如果美方真想通 过对话谈判解决问题，就应该停止威胁施压，在平等、尊重、互惠的基础上同中方开展对话。 外交部：中方和欧洲议会决定同步全面取消对相互交往的限制 在今日的外交部例行记者会上，有记者提问，据报道，中方已同欧洲议会相互取 ...

Summary of Key Points Core Insights - The report highlights various companies undergoing temporary suspensions of trading due to different reasons, including financial disclosures and potential delisting risks. This indicates a volatile market environment where investor confidence may be affected by such events [2][3][4]. Company Specifics - ST Jiuzhi (000989) announced a temporary suspension of trading on May 6, 2025, due to the cancellation of other risk warnings [2]. - In the case of ST Gongzhi (000584), trading was suspended due to a risk warning regarding potential delisting, effective from April 28, 2025 [2]. - ST Hengli (000622) and Tianmao Group (000627) also faced trading suspensions due to their inability to disclose periodic reports within the legal timeframe, effective from May 6, 2025 [2]. - Binhai Energy (000695) is undergoing a trading suspension as it plans to issue shares for asset acquisition and raise matching funds, effective from April 30, 2025 [2]. - Electric Power Investment Energy (002128) is also suspended for similar reasons related to asset acquisition and related party transactions, effective from May 6, 2025 [2]. Industry Context - The report reflects a broader trend in the market where companies are facing increased scrutiny and regulatory challenges, leading to trading suspensions. This could signal potential investment risks in the affected sectors [2][3][4].