Group 1 - The company is currently in the implementation phase of a share swap to acquire Hangzhou Steam Turbine [1]

Group 1 - The core viewpoint of the news is that Hailianxun's stock has shown fluctuations in price and trading volume, with a year-to-date increase of 14.97% but a recent decline in the last five days [1] - As of December 24, Hailianxun's stock price is 12.68 yuan per share, with a market capitalization of 4.33 billion yuan and a trading volume of 33.72 million yuan [1] - The company has experienced a net outflow of main funds amounting to 54,800 yuan, with significant buying and selling activities recorded [1] Group 2 - Hailianxun operates in the IT services sector, specifically in computer and IT services, and is involved in smart grid and power IoT concepts [2] - For the period from January to September 2025, Hailianxun reported a revenue of 125 million yuan, a year-on-year decrease of 4.72%, and a net profit attributable to shareholders of 3.93 million yuan, down 13.07% year-on-year [2] - The company has distributed a total of 144 million yuan in dividends since its A-share listing, with 20.10 million yuan distributed over the past three years [2]

Group 1 - The capital market's M&A activities in the Shenzhen market are experiencing significant growth, driven by policy benefits, precise regulatory support, and proactive market participants, leading to a dual increase in both quality and quantity of transactions [1] - Since 2025, there have been 1,104 newly disclosed M&A transactions in the Shenzhen market, totaling 553.7 billion yuan, representing a year-on-year increase of 54% and 55% respectively; major asset restructurings have exceeded 100, with a year-on-year growth rate of 60% [1] - In addition to major asset restructurings, there have been 995 cash acquisitions that did not meet the major asset restructuring standards, accounting for 90% of the total restructuring activities during the same period, indicating a trend towards smaller, embedded acquisitions that enhance company quality [1] Group 2 - Among the 109 major asset restructurings, 80% were industry mergers and acquisitions, and 70% involved new quality productivity targets, with strategic emerging industries such as semiconductors, information technology, and equipment manufacturing being the core focus [2] - Notable transactions include Electric Power Investment Corporation's acquisition of nuclear power assets worth 55.4 billion yuan, establishing a specialized nuclear power operation platform, and Huatian Technology's acquisition of semiconductor company Huayi Microelectronics, optimizing the company's industrial layout [2] Group 3 - The emergence of benchmark cases and diverse restructuring models is evident, with cross-industry mergers facilitating transformation, such as Huylin Ecological's acquisition of Junheng Technology to enter the high-end optical module sector [3] - Innovative transaction models are addressing industry challenges, exemplified by Hailianxun's absorption and merger of Hangqilun B, becoming the first "A absorbs B" case post-implementation of the "six merger rules" [3] - Various payment tools are being utilized, such as Guangku Technology's combination of share issuance, targeted convertible bonds, and cash for restructuring payments, enhancing transaction flexibility and reinforcing incentive constraints [3] Group 4 - Since 2025, the Shenzhen Stock Exchange has received 41 major asset restructuring applications, a year-on-year increase of 273%, with 15 approvals, marking a 114% increase; the average time from application to approval has been reduced by 22% [4] - TCL Technology's acquisition of a minority stake in Huaxing Semiconductor for 11.6 billion yuan serves as a typical example of efficient review services for the real economy, with the transaction taking only 61 days from application to approval [4] - The Shenzhen Stock Exchange plans to continue implementing the "six merger rules," enhancing regulatory service efficiency and supporting the successful execution of more benchmark restructuring projects [4]

Core Viewpoint - Hangzhou Steam Turbine Co., Ltd. B shares will be delisted from the Shenzhen Stock Exchange on December 22, 2025, following a merger plan with Hangzhou Hailianxun Technology Co., Ltd. [1] Group 1 - The company's stock will be converted at a 1:1 ratio into A shares of Hangzhou Hailianxun Technology Co., Ltd. for existing B shareholders [1]

Core Viewpoint - The Shenzhen Stock Exchange has decided to terminate the listing of Hangzhou Turbine Power Group Co., Ltd. stock, effective December 22, 2025, following a merger with Hailianxun [1] Group 1 - The termination of Hangzhou Turbine's stock listing is officially announced by the Shenzhen Stock Exchange on December 18, 2025 [1] - The stock conversion for Hangzhou Turbine shareholders will occur at a 1:1 ratio into Hailianxun shares on the registration date of December 19, 2025 [1]

杭州海联讯科技股份有限公司 章 程 杭州海联讯科技股份有限公司 2025年12月 | 第二章 | | 经营宗旨和范围 | 3 | | --- | --- | --- | --- | | 第三章 | 股 | 份 | 4 | | 第一节 | | 股份发行 | 4 | | 第二节 | | 股份增减和回购 | 6 | | 第三节 | | 股份转让 | 7 | | 第四章 | | 股东和股东会 | 8 | | 第一节 | | 股东的一般规定 | 8 | | 第二节 | | 控股股东和实际控制人 | 12 | | 第三节 | | 股东会的一般规定 | 13 | | 第四节 | | 股东会的召集 | 16 | | 第五节 | | 股东会的提案与通知 | 18 | | 第六节 | | 股东会的召开 | 20 | | 第七节 | | 股东会的表决和决议 | 23 | | 第五章 | | 党组织 | 29 | | 第六章 | | 董事和董事会 | 30 | | 第一节 | | 董事 | 30 | | 第二节 | | 董事会 | 34 | | 第三节 | | 独立董事 | 38 | | 第四节 | | 董事会专门委员会 | 41 ...

Core Viewpoint - The company has submitted an application for the termination of its stock listing, which has been approved by the Shenzhen Stock Exchange, and will initiate the conversion of its B shares to A shares [1] Group 1 - The company submitted the application for stock termination on November 26, 2025 [1] - The Shenzhen Stock Exchange approved the application on December 18, 2025 [1] - The termination date for the company's B shares is set for December 22, 2025 [1] Group 2 - The company will begin the process of converting its B shares into A shares following the termination of the listing [1]

智通财经APP讯，海联讯(300277.SZ)公告，深圳证券交易所已于2025年12月18日出具了《关于杭州汽轮 动力集团股份有限公司股票终止上市的决定》，决定对杭汽轮股票予以终止上市。杭汽轮股票自2025年 12月22日起终止上市。公司换股吸收合并杭汽轮暨关联交易事项的股权登记日为2025年12月19日，股权 登记日收市后杭汽轮股东持有的杭汽轮股票将按照1:1的比例转换为海联讯的股票。 ...

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 司暨关联交易事项的换股实施公告 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。 重要提示： 证券代码：300277 证券简称：海联讯 公告编号：2025-090 海联讯换股吸收合并杭汽轮的股权登记日为 2025 年 12 月 19 日，股权登记 日收市后杭汽轮股东持有的杭汽轮股票将按照 1:1 的比例转换为海联讯的股票。 对于已经设定了质押、被司法冻结或存在法律法规限制转让的其他情形的杭汽轮 股份，该等股份在换股时一律转换成海联讯的股份，原在杭汽轮股份上设置的质 押、被司法冻结的状况或其他权利限制将在换取的相应的海联讯股份上继续有效。 三、本次合并涉及的相关资产过户或交付的安排 1、资产过户或交付的安排 1、深圳证券交易所（以下简称"深交所"）已于 2025 年 12 月 18 日出具了 《关于杭州汽轮动力集团股份有限公司股票终止上市的决定》（深证上〔2025〕 1431 号），决定对杭州汽轮动力集团股份有限公司（以下简称"杭汽轮"）股 票予以终止上市。杭汽轮股票自 2025 年 12 ...

杭州海联讯科技股份有限公司 关于完成《公司章程》备案登记的公告 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。 证券代码：300277 证券简称：海联讯 公告编号：2025-089 杭州海联讯科技股份有限公司（以下简称"公司"）于 2025 年 11 月 21 日 召开第六届董事会 2025 年第六次临时会议、于 2025 年 12 月 9 日召开 2025 年第 四次临时股东会，审议通过了《关于修订<公司章程>的议案》，并授权公司董事 会指定人员办理上述涉及的工商变更登记相关手续，相关修订内容以市场监督管 理部门最终核准登记为准。 | 立董事担任召集人。 | | 考核委员会中独立董事应过半数，并由 | | --- | --- | --- | | | | 独立董事担任召集人。 | | 第一百四十一条 1 | 公司设总经理 | 第一百四十一条 公司设总经理 1 | | 名，由董事会聘任或解聘。公司根据业 | | 名，由董事会聘任或解聘。公司设副总 | | 务发展需要设副总经理 | 2 名。 | 经理 2 名。 | 本次调整内容与公司第六届董事会 2025 年第六 ...