金十数据6月23日讯，海联讯公告，公司与杭州汽轮动力集团股份有限公司筹划的换股吸收合并事项， 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》。深交所认 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确定性。 海联讯：深交所受理公司换股吸收合并申请 ...

证券代码：300277 证券简称：海联讯 公告编号：2025-037 杭州海联讯科技股份有限公司 关于 2024 年年度权益分派实施后调整 换股吸收合并换股价格等事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 海联讯 2024 年度利润分配及资本公积转增股本方案已经海联讯第六届董事 会第三次会议、第六届监事会第二次会议、2024 年年度股东会审议通过，海联 讯以 335,000,000 股为基数，向全体股东每 10 股派 0.20 元人民币现金（含税）， 合计派发现金 6,700,000.00 元；同时以资本公积金向全体股东每 10 股转增 0.2 股，合计转增 6,700,000 股，转增后海联讯总股本增加至 341,700,000 股；不送 红股。本次利润分配及资本公积转增股本的股权登记日为 2025 年 6 月 10 日，除 权除息日为 2025 年 6 月 11 日。 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 年度股东会审议通过，杭汽轮以 1,174,904,765 股为基数，向全 体股东每 10 股派发现金红利 2.1 元（含税）， ...

证券代码：300277 证券简称：海联讯 公告编号：2025-037 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、海联讯和杭汽轮 2024 年年度利润分配方案及实施情况 海联讯 2024 年度利润分配及资本公积转增股本方案已经海联讯第六届董事 会第三次会议、第六届监事会第二次会议、2024 年年度股东会审议通过，海联 讯以 335,000,000 股为基数，向全体股东每 10 股派 0.20 元人民币现金（含税）， 合计派发现金 6,700,000.00 元；同时以资本公积金向全体股东每 10 股转增 0.2 股，合计转增 6,700,000 股，转增后海联讯总股本增加至 341,700,000 股；不送 红股。本次利润分配及资本公积转增股本的股权登记日为 2025 年 6 月 10 日，除 权除息日为 2025 年 6 月 1 ...

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：2025-036 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"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"）。本次交易后，杭汽轮将终止上市 并注销法人资格，海联讯将承继及承接杭汽轮的全部资产、负债、业务、人员、 合同及其他一切权利与义务。 公司于2025年6月6日召开2025年第一次临时股东会，审议通过了《关于杭州 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 交易方案的议案》等与本次交易相关的议案，具体内容详见公司在中国证监会指 定的创业板信息披露网站（http://www.cninfo.com.cn）披露的相关公告。 本次交易已经公司2025年第一次临时股东会、杭汽轮2025年第二次临时股东 会审议通过，此外，浙江省人民政府国有资产监督管理委员会出具了《浙江省国 资委关于同意杭州海联讯科 ...

证券代码：300277 证券简称：海联讯 公告编号：2025-036 杭州海联讯科技股份有限公司 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"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"）。本次交易后，杭汽轮将终止上市 并注销法人资格，海联讯将承继及承接杭汽轮的全部资产、负债、业务、人员、 合同及其他一切权利与义务。 公司于2025年6月6日召开2025年第一次临时股东会，审议通过了《关于杭州 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 交易方案的议案》等与本次交易相关的议案，具体内容详见公司在中国证监会指 定的创业板信息披露网站（http://www.cninfo.com.cn）披露的相关公告。 本次交易已经公司2025年第一次临时股东会、杭汽轮2025年第二次临时股东 会审议通过，此外，浙江省人民政府国有资产监督管理委员会出具 ...

海联讯（300277）公告，公司拟通过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。 本次交易后，杭汽轮将终止上市并注销法人资格，海联讯将承继及承接杭汽轮的全部资产、负债、业 务、人员、合同及其他一切权利与义务。此次交易已经公司2025年第一次临时股东会、杭汽轮2025年第 二次临时股东会审议通过，尚待监管机构批准。债权申报时间自公告披露之日起四十五日内。 ...

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].

Core Viewpoint - Hangzhou Steam Turbine Power Group Co., Ltd. (referred to as "Hangzhou Steam Turbine") has successfully passed a key step in its transition from B-share to A-share, marking the first B-to-A case in the B-share market in three years [2][7]. Group 1: Company Background and Historical Context - Hangzhou Steam Turbine, established in 1958, is a large state-controlled company focused on equipment manufacturing, particularly steam and gas turbines, and is a significant player in the global equipment manufacturing sector [3]. - The company was listed on the B-share market in 1998 and has been a subject of investor interest regarding its potential return to the A-share market for many years [3][4]. Group 2: B-to-A Transition Details - The recent shareholder meeting approved the merger plan with Hailianxun Technology Co., Ltd., which is a crucial step for Hangzhou Steam Turbine's B-to-A transition [2][7]. - The merger plan received 87.57% approval from shareholders, with significant participation from minority shareholders, indicating strong support for the transition [7][8]. Group 3: Strategic Considerations for B-to-A - The decision to transition from B to A is driven by two main considerations: enhancing financing capabilities and better protecting the interests of minority shareholders [5]. - The B-share market has limited financing functions, which has hindered Hangzhou Steam Turbine's ability to raise capital effectively [5][6]. Group 4: Future Development Plans - Post-merger, the company aims to leverage the A-share market to focus on its core business and enhance its competitive edge and profitability [9]. - The future business strategy will emphasize technological innovation and transformation towards a "service-oriented manufacturing" model, with a focus on industrial turbine machinery and supporting power information systems [9][10].

Core Viewpoint - The company successfully held its second extraordinary general meeting of shareholders in 2025, where all major resolutions related to significant asset restructuring were approved, laying a solid foundation for future development [1][3]. Group 1: Meeting Details - The extraordinary general meeting took place on June 6, 2025, at 14:00, with a total of 1,743 shareholders present, representing 307,194,117 shares, which is 26.15% of the total voting shares [1]. - The meeting was convened by the board of directors and chaired by Chairman Ye Zhong, complying with relevant laws and company regulations [1]. Group 2: Resolutions Passed - Key resolutions included the approval of the significant asset restructuring proposal, with 100% support from domestic shareholders and 84.56% from B-share shareholders [2]. - The share exchange merger plan, consisting of 16 sub-proposals, received unanimous support from domestic shareholders and over 80% approval from B-share shareholders [2]. - Resolutions regarding related transactions and restructuring listings were also approved, including the signing of a conditional merger agreement with Hangzhou Hailianxun Technology Co., Ltd [2]. - Other important resolutions concerning the independence of valuation institutions and the authorization of the board of directors to manage transaction-related matters were successfully passed [2]. Group 3: Legal Compliance - Zhejiang Tiance Law Firm provided a legal opinion confirming that the meeting's procedures, qualifications of attendees, and voting results complied with relevant laws and company regulations, validating the legitimacy of the resolutions [3]. - The successful conduct of the meeting and the approval of all resolutions signify a significant step for the company in asset restructuring and business expansion, ensuring strong support for future development [3].