Market Overview - The aquaculture sector experienced a decline of 1.98% on September 3, with *ST Tianshan leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Key stocks in the aquaculture sector showed significant declines, with *ST Tianshan closing at 8.46, down 4.94% on a trading volume of 86,700 shares and a transaction value of 73.35 million yuan [1] - Other notable declines included: - Xiaoming Co., down 3.65% to 24.31 [1] - Fucheng Co., down 3.43% to 5.07 [1] - Lihua Co., down 3.36% to 18.96 [1] - Juxing Agriculture, down 3.27% to 20.38 [1] Capital Flow - The aquaculture sector saw a net outflow of 329 million yuan from institutional investors, while retail investors contributed a net inflow of 294 million yuan [1] - The following stocks had notable capital flows: - Jingjidu Agriculture had a net inflow of 23.77 million yuan from institutional investors, but a net outflow from retail investors of 17.67 million yuan [2] - Huaying Agriculture saw a net inflow of 11.67 million yuan from institutional investors, with retail investors also experiencing a net outflow [2] - Wens Foodstuff Group had a minor net inflow of 6.37 million yuan from institutional investors, but retail investors faced a net outflow of 10.48 million yuan [2]

又一例破产重整背景下的控制权变更案落地。 9月1日晚，*ST天山（300313）公告称，公司于8月29日发生控制权变更。 而公司原控股股东湖州皓辉已被纳入中植集团248家企业实质合并破产清算申请范围。截至目前，湖州皓辉仍持有上市公司4.9%的股份。 | 名称 | 本次权益变动前 持股数 | | | 表决权委托生效后 持股数 | | | 本次权益完成后 持股数 | 持股比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 持股 | 表决权 | | 持股 | 表决权 | | | 表决权 | | | | 比例 | 比例 | | 比例 | 比例 | | | 比例 | | | (股) | (%) | (%) | (股) | (%) | (%) | (股) | 例(%) | (%) | | 厦门 | 0 | 0 | 0 | 0 | 0 | 17.21 | 53,861,312 | 17.21 | 17.21 | | 舍德 | | | | | | | | | | | 湖州 皓辉 | 69,211,312 | 22.11 | 22. ...

Core Viewpoint - *ST Tianshan has entered into a share transfer agreement with Xiamen Shed, resulting in a significant change in its ownership structure, with Xiamen Shed becoming the controlling shareholder of the company [1][2]. Group 1: Share Transfer Agreement - Huzhou Haohui transferred 53,861,312 shares of *ST Tianshan, representing 17.21% of the total share capital, to Xiamen Shed [1]. - Huzhou Zhongzhi transferred a debt claim of 76.49 million yuan (including interest) to Xiamen Shed, with the total transfer price amounting to 287,441,403.09 yuan [1]. Group 2: Voting Rights and Control - A voting rights entrustment agreement was signed, allowing Huzhou Haohui to delegate all non-financial rights associated with the shares to Xiamen Shed until the shares are registered in Xiamen Shed's name [1]. - Following the effectiveness of the voting rights entrustment, Xiamen Shed will hold the voting rights corresponding to the 53,861,312 shares, thus becoming the controlling shareholder of *ST Tianshan [2]. - Chen Mingyi and Chen Huan, as the actual controllers of Xiamen Shed, will become the actual controllers of *ST Tianshan after the completion of this equity change [2].

Core Viewpoint - *ST Tianshan has entered into a share transfer agreement with Xiamen Shed, resulting in a significant change in its ownership structure, with Xiamen Shed becoming the controlling shareholder of the company [1][2] Group 1: Share Transfer Details - Huzhou Haohui transferred 53,861,312 shares of *ST Tianshan, representing 17.21% of the total share capital, to Xiamen Shed [1] - The total transfer price for the shares and associated debt rights amounts to 287,441,403.09 yuan [1] - Huzhou Zhongzhi also transferred a debt of 76.49 million yuan (including interest) to Xiamen Shed as part of the agreement [1] Group 2: Voting Rights and Control - A voting rights entrustment agreement was signed, allowing Xiamen Shed to exercise all non-financial rights associated with the transferred shares until the registration of the share transfer [1] - Following the effectiveness of the voting rights entrustment, Xiamen Shed will hold the voting rights corresponding to the 53,861,312 shares, thus becoming the controlling shareholder of *ST Tianshan [2] - Chen Mingyi and Chen Huan, as the actual controllers of Xiamen Shed, will become the actual controllers of *ST Tianshan after the completion of this equity change [2]

新疆天山畜牧生物工程股份有限公司 详式权益变动报告书 上市公司名称：新疆天山畜牧生物工程股份有限公司 股票上市地点：深圳证券交易所 股票简称：*ST 天山 股票代码：300313.SZ 信息披露义务人：厦门舍德供应链管理有限公司 注册地址：厦门市思明区金山路 8 号 1203-2 通讯地址：厦门市思明区金山路 8 号 12 楼 权益变动性质：增加（公开拍卖、表决权委托） 签署日期：2025 年 9 月 新疆天山畜牧生物工程股份有限公司 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》及相关的法律、法规和部门规章的有关规定编 制。 二、依据《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》的规定， 本报告书已全面披露了信息披露义 ...

新疆天山畜牧生物工程股份有限公司 简式权益变动报告书 新疆天山畜牧生物工程股份有限公司 简式权益变动报告书 上市公司名称：新疆天山畜牧生物工程股份有限公司 上市地点：深圳证券交易所 股票简称：*ST天山 股票代码：300313 信息披露义务人：湖州皓辉企业管理咨询有限公司 住所：浙江省湖州市滨湖街道泊月湾20幢A座-66 通讯地址：北京市朝阳区姚家园路105号乐融大厦 权益变动性质：股份减少（公开拍卖、表决权委托） 二〇二五年九月 新疆天山畜牧生物工程股份有限公司 简式权益变动报告书 信息披露义务人声明 一、本报告书系依据《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》及 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》、《上市公司收购管理办法》的规定， 本报告书已全面披露信息披露义务人在新疆天山畜牧生物工程股份有限公司（以 下简称：*ST 天山）中拥有权益的股份变动情况；截至本报告书签署 ...

证券代码：300313 证券简称：*ST天山 公告编号：2025-039 新疆天山畜牧生物工程股份有限公司 关于控股股东签署《处置成交协议》《表决权委托协议》 暨控制权发生变更的提示性公告 根据相关法律法规的规定，信息披露义务人湖州皓辉、厦门舍德应当保证向 本公司提供的信息内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 本公司及董事会全体成员保证本公告内容与信息披露义务人提供的信息一 致。 重要内容提示： 1、2025 年 8 月 29 日，湖州皓辉、湖州中植与厦门舍德签署《处置成交协议》， 湖州皓辉向厦门舍德转让其持有的*ST 天山 53,861,312 股股份（占公司总股本的 17.21%），湖州中植向厦门舍德转让其对*ST 天山享有的债权（本金 7,649 万元 及利息），标的股份和标的债权的转让价款合计 287,441,403.09 元。 当日，湖州皓辉与厦门舍德另签署《表决权委托协议》，协议约定，在标的 股份过户登记至厦门舍德名下前，湖州皓辉将其持有的标的股份（上市公司 53,861,312 股股份、占上市公司股份总数的 17.21%）对应的包括但不限于股东会 表决权、提案权、提名权、 ...

Core Viewpoint - *ST Tianshan reported a decline in total revenue and an increase in net loss, indicating challenges in operational performance despite improvements in profitability metrics such as gross margin and net margin [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 41.612 million yuan, a decrease of 12.02% compared to 2024 [1]. - The net profit attributable to shareholders was -7.7966 million yuan, showing an increase of 71.99% year-on-year [1]. - The gross margin improved significantly to 18.35%, with a year-on-year increase of 3113.55% [1]. - The net margin was -18.1%, reflecting a year-on-year increase of 68.83% [1]. - Total expenses (selling, administrative, and financial) amounted to 15.6191 million yuan, accounting for 37.54% of revenue, which is an increase of 8.35% year-on-year [1]. Cash Flow and Debt Analysis - Cash and cash equivalents decreased by 22.43% due to operational losses leading to reduced cash [3]. - The net cash flow from operating activities saw a significant decline of 243.5%, attributed to differences in inventory stocking and sales timing compared to the previous year [8]. - The company’s interest-bearing debt decreased by 3.37% to 80.9768 million yuan [1]. Operational Challenges - The decrease in total revenue was primarily due to a reduction in the scale of live livestock sales [4][5]. - Sales expenses decreased by 38.45% as the company controlled its expenditure [6]. - The company faced challenges with accounts receivable, which increased by 49.05% to 16.4998 million yuan [1]. Investment and R&D - R&D expenditures increased by 41.1%, driven by higher personnel and project rewards [8]. - The company has a historical median Return on Invested Capital (ROIC) of -7.32%, indicating poor investment returns over the past decade [11].

Core Insights - *ST Tianshan reported a total operating revenue of 41.612 million yuan for the first half of 2025, ranking 15th among disclosed peers, with a year-on-year decrease of 5.6842 million yuan, representing a decline of 12.02% [1] - The company recorded a net profit attributable to shareholders of -7.7966 million yuan, ranking 12th among peers [1] - As of June 30, 2025, the company's cash flow from operating activities was -3.2384 million yuan, ranking 13th, with a decrease of 5.4951 million yuan year-on-year, reflecting a decline of 243.50% [1] Financial Ratios - The asset-liability ratio stood at 100.77%, ranking 15th among peers, with an increase of 1.15 percentage points from the previous quarter and a rise of 16.17 percentage points year-on-year [3] - The gross profit margin was reported at 18.35% as of June 30, 2025 [4] - The diluted earnings per share were -0.02 yuan, ranking 13th among peers [5] - The total asset turnover ratio was 0.17 times, ranking 14th, while the inventory turnover ratio was 1.78 times, ranking 9th [5] Shareholder Structure - The number of shareholders was 10,400, with the top ten shareholders holding 189 million shares, accounting for 60.52% of the total share capital [5] - The largest shareholder, Huzhou Haohui Enterprise Management Consulting Co., Ltd., holds 22.11% of the shares [5]

每经AI快讯，*ST天山（SZ 300313，收盘价：9.4元）8月26日晚间发布半年度业绩报告称，2025年上半 年营业收入约4161万元，同比减少12.02%；归属于上市公司股东的净利润亏损约780万元；基本每股收 益亏损0.0249元。2024年同期营业收入约4730万元；归属于上市公司股东的净利润亏损约2784万元；基 本每股收益亏损0.0889元。 截至发稿，*ST天山市值为29亿元。 每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 （记者 王晓波） ...