Core Viewpoint - The company, Hailianxun (300277.SZ), plans to conduct a stock swap to absorb Hangqilun by issuing A-shares to all shareholders of Hangqilun [1] Group 1: Transaction Details - The Shenzhen Stock Exchange's M&A Review Committee held a meeting on September 11, 2025, to review the transaction application [1] - The review committee announced that the transaction meets the restructuring conditions and information disclosure requirements [1]

Core Viewpoint - The company Hai Lian Xun (300277.SZ) plans to absorb Hangqi Turbine through a share exchange with all shareholders of Hangqi Turbine by issuing A-shares [1] Group 1: Transaction Details - The Shenzhen Stock Exchange's M&A Review Committee held its 9th review meeting on September 11, 2025, to assess the transaction application [1] - The review committee announced that the transaction meets the restructuring conditions and information disclosure requirements [1]

杭州海联讯科技股份有限公司（以下简称"海联讯"或"公司"）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"）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"）。 深圳证券交易所并购重组审核委员会于 2025 年 9 月 11 日召开 2025 年第 9 次并购重组审核委员会审议会议，对本次交易的申请进行了审议。根据深圳证券 交易所并购重组审核委员会发布的《深圳证券交易所并购重组审核委员会 2025 年第 9 次审议会议结果公告》，本次会议的审议结果为：本次交易符合重组条件 和信息披露要求。 本次交易尚需取得中国证券监督管理委员会同意注册的批复，最终能否取得 中国证券监督管理委员会同意注册的批复及最终取得时间仍存在不确定性。公司 将根据该事项的进展情况，按照有关法律法规的规定和要求及时履行信息披露义 务，敬请广大投资者注意投资风险。 特此公告。 证券代码：300277 证券简称：海联讯 公告编号：2025-059 杭州海联讯科技股份有限公司 关于公司换股吸收合并杭州汽轮动力集团股份有限公 司获深圳证券交易所并购重组审核委员会 审核通过的公告 本公司及董事会全体成员保证信息披 ...

中信证券股份有限公司 关于 杭州海联讯科技股份有限公司换股吸收合并 （注册稿） 独立财务顾问 签署日期：2025 年 9 月 3-1-1 声明和承诺 中信证券股份有限公司（以下简称"中信证券"或"本独立财务顾问"）受杭州海 联讯科技股份有限公司（以下简称"海联讯"）委托，担任本次海联讯换股吸收合并杭 州汽轮动力集团股份有限公司暨关联交易的海联讯独立财务顾问，并制作本独立财务顾 问报告。 杭州汽轮动力集团股份有限公司暨关联交易 之 独立财务顾问报告 本独立财务顾问报告是依据《公司法》《证券法》《重组管理办法》《26 号准则》《财 务顾问办法》等法律、法规的有关规定，按照证券行业公认的业务标准、道德规范，本 着诚实信用、勤勉尽责的态度，遵循客观、公正原则，在认真审阅相关资料和充分了解 本次交易行为的基础上，发表独立财务顾问意见，旨在就本次交易行为做出独立、客观 和公正的评价，以供全体股东及有关各方参考。 一、独立财务顾问声明 （一）本独立财务顾问与本次交易各方无任何关联关系。本独立财务顾问本着客观、 公正的原则对本次交易出具独立财务顾问报告。 （二）本独立财务顾问报告所依据的文件、材料由相关各方向本独立财务顾问提 ...

ll Thi | 一、审阅报告 … | | --- | | 二、财务报表 | | --- | | (一) 合并资产负债表 ……………………………………… ………… 第 2 页 | | (二)母公司资产负债表 | | (三) 合并利润表 … | | (四) 母公司利润表 ……………………………………………………………………………………… 第 5 页 | | (五) 合并现金流量表 | | (六) 母公司现金流量表 ………………… …… 第 7 页 | 三、财务报表附注 ……………………………………………………………………第 8—22 页 四、附件 … 您可使用手机 *** +1° 或进入"料册会计师行业绩"些综合(3mp//acc.mof.gov.cn) 诚信 公正 务实 专业 第 1 页 共 27 页 天健审〔2025〕13927 号 杭州汽轮动力集团股份有限公司全体股东: 我们审阅了后附的杭州汽轮动力集团股份有限公司(以下简称杭汽轮股份公 司)财务报表,包括 2025年 6 月 30 目的合并及母公司资产负债表,2025年 1-6 月的合并及母公司利润表、合并及母公司现金流量表,以及财务报表附注。这些 财务 ...

| 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） （注册稿） 吸并方 被吸并方 大厦 206-6 室 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 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 二〇二五年九月 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 ...

杭州海联讯科技股份有限公司 证券代码：300277 证券简称：海联讯 公告编号：2025-060 公司结合实际情况，对 2025 年 9 月 4 日披露的《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）（上 会稿）》（以下简称"重组报告书"）的部分内容进行了补充和修订。 相较公司于 2025 年 9 月 4 日披露的重组报告书，本次修订的主要情况如下： | 章节 | 修订说明 | | --- | --- | | 目录 | 根据重组报告书内容更新 | | 重大事项提示 | 1、更新本次交易决策过程和审批情况；2、更新本次交易的审批风险 | | 第三章 被吸并 | 更新财务报告审计截止日后的财务信息及主要经营状况 | | 方基本情况 | | | 第十二章 风险 | 更新本次交易的审批风险 | | 因素 | | 除上述修订和完善之外，公司对重组报告书全文进行了梳理，完善了少许表 述，对本次交易方案不构成影响。 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）（修订稿） 修订说明的公告 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 ...

Core Viewpoint - The announcement indicates that Hailianxun has successfully passed the restructuring listing review by the Shenzhen Stock Exchange, marking a significant step in the merger process with Hangzhou Qilun [1] Group 1: Restructuring Details - The restructuring listing matter for Hailianxun was approved in the 9th review meeting of 2025 by the M&A Review Committee of the Shenzhen Stock Exchange [1] - The announcement confirms that the transaction meets the restructuring conditions and information disclosure requirements [1] - There are no further conditions to be fulfilled for this restructuring listing, indicating that a key phase of the review process has been completed [1] Group 2: Merger Process - Hailianxun plans to absorb and merge with Hangzhou Qilun by issuing A-shares to all shareholders of Hangzhou Qilun [1] - Upon approval and completion of the merger, Hangzhou Qilun will terminate its listing and cancel its legal entity status, with Hailianxun inheriting all assets, liabilities, business, personnel, contracts, and other rights and obligations of Hangzhou Qilun [1] - The A-shares issued for this merger will be applied for listing and trading on the ChiNext of the Shenzhen Stock Exchange [1]

Group 1 - The core point of the news is that Hailianxun is undergoing a stock swap merger with Hangzhou Turbine Power Group Co., Ltd., with the merger review meeting scheduled for September 11, 2025, and the swap price set at 9.35 yuan per share, maintaining a 1:1 exchange ratio [1] - Hailianxun has established a strong service model centered on "demand-oriented + scenario customization," providing comprehensive solutions in the power industry, which enhances customer loyalty and stabilizes business layout [2] - The company is actively extending its services from traditional system integration to high-value-added areas such as intelligent operation and data services, optimizing its business structure [2] Group 2 - The power information industry in China is transitioning to a new stage of deep application and intelligent integration, with significant government policies promoting the construction of new power systems, including investments exceeding 650 billion yuan planned for 2025 [3] - As the scale of new energy installations rapidly increases, the grid requires higher bandwidth, real-time capabilities, and security for communication systems, leading to a focus on fiber optic communication for transmission networks and a combination of wired and wireless technologies for distribution networks [4] - Hailianxun is enhancing its technical adaptation and innovation in intelligent operation, control, and decision-making, while participating in emerging projects like smart microgrids and virtual power plants, driving the digital and intelligent transformation of energy systems [4] Group 3 - The merger with Hangzhou Turbine Power Group is a strategic move to optimize the industrial layout of state-owned listed companies, improve asset quality and operational efficiency, and ensure the preservation and appreciation of state-owned assets [5] - This transaction aligns with national policies encouraging mergers and acquisitions among listed companies, enhancing the continuous profitability and core competitiveness of the listed company, thereby increasing its investment value [5]

Group 1 - The Chinese energy equipment industry is undergoing a new round of integration and upgrading driven by the "dual carbon" goals and accelerated manufacturing transformation [1] - Hangzhou Hailianxun Technology Co., Ltd. plans to absorb and merge Hangzhou Steam Turbine Power Group Co., Ltd. through a share swap, which has attracted significant market attention [1] - The merger is expected to leverage the complementary advantages of both companies, allowing them to seize opportunities in new market segments [1] Group 2 - Major technical equipment such as industrial steam turbines and gas turbines are core power sources for basic industries like petrochemicals, electricity, and chemicals, directly impacting national energy consumption and emission reduction [2] - The demand for efficient, clean, and intelligent power equipment is continuously growing as the "carbon peak and carbon neutrality" strategy is deeply implemented [2] - Hangzhou Steam Turbine Power Group is a leading player in the domestic industrial steam turbine sector, with a strong market share and extensive experience in turbine research and manufacturing [2] Group 3 - The merger between Hailianxun and Hangzhou Steam Turbine Power Group transcends traditional asset restructuring, representing a strategic collaboration focused on industrial upgrading and value reshaping [3] - This partnership aims to enhance the core competitiveness of both companies and provide a new practical path for the intelligent and green development of China's high-end equipment manufacturing industry [3] - A new type of industrial technology enterprise is emerging, characterized by greater innovation, closer alignment with customer needs, and alignment with future industry directions [3]