Group 1: M&A Activity Overview - From July 14 to July 20, there were 77 M&A events involving listed companies, with 27 classified as significant M&A transactions[9] - Out of the total M&A events, 12 were completed, including 1 significant M&A transaction involving Baota Industrial[9] - There were 3 failed M&A attempts by listed companies, specifically by Lixing Co., Hongming Co., and Zhongji Health[15] Group 2: Policy Updates - On July 18, Tianjin's financial authorities released measures to support M&A, focusing on 12 key industrial chains and establishing a resource pool for quality M&A targets[7] - The Shanghai G60 Science and Technology Innovation Group held a summit on July 16 to discuss M&A and overseas expansion in the context of innovation and industry leadership[7] Group 3: Market Performance - During the week of July 14 to July 20, the restructuring index outperformed the Wind All A index by 0.27%[19] - Over a mid-term view, the restructuring index's rolling 20-day return shifted from negative to positive compared to the Wind All A index[19] Group 4: Control Changes - Two listed companies reported changes in actual control during this period, with Shenjian Co. and Hualan Group undergoing ownership transitions[17]

Core Viewpoint - Lixing Co., Ltd. has decided to terminate the planned acquisition of Qingdao Feiyan Lingang Precision Steel Ball Manufacturing Co., Ltd. due to the inability to reach an agreement on relevant terms within the stipulated time frame [1][3]. Company Overview - Lixing Co., Ltd. operates in the general equipment manufacturing industry, focusing on the research, production, and sales of precision bearing rolling elements, including precision bearing steel balls, rollers, and ceramic balls [3]. - The company has experienced a decline in net profit for three consecutive years, with net profits of 90 million, 62 million, 60 million, and 55 million yuan from 2021 to 2024 [4]. Acquisition Details - The acquisition was intended to enhance Lixing's technological capabilities in non-bearing fields and create a strategic framework of "technology complementarity + market synergy" [3]. - Feiyan Steel Ball, established in 2004, specializes in the R&D and manufacturing of precision steel balls, holding over 90% market share in the commercial vehicle and heavy truck sectors in China [3]. Financial Performance - Lixing's revenue figures from 2021 to 2024 were 974 million, 981 million, 1.002 billion, and 1.045 billion yuan, respectively, indicating a gradual increase in revenue [4]. - The first quarter of 2025 showed a total revenue of 252 million yuan, a year-on-year increase of 4.66%, with a net profit of approximately 17.13 million yuan, reflecting an 11.28% increase [4].

每经记者｜赵李南 每经编辑｜杨夏 7月16日，力星股份（300421.SZ，股价16.45元，市值48.37亿元）公告称，其将终止收购青岛飞燕临港 精密钢球制造有限公司（以下简称飞燕钢球）控股权。 力星股份表示，鉴于在约定时间内，双方无法就收购所涉及的相关条款最终达成一致。为维护公司及全 体股东的合法权益，经公司审慎研究，决定终止本次收购。 《每日经济新闻》记者注意到，在披露收购飞燕钢球计划到正式宣布终止期间，力星股份有6位高管披 露了减持计划。 彼时，力星股份称，如成功收购飞燕钢球将显著增强力星股份在微型高精度滚动体领域的全球竞争力， 构建差异化护城河，进一步拓展公司未来发展空间，提高公司盈利能力，为我国高端装备制造业的进口 替代战略提供关键零部件保障。 期间6位高管发布减持计划 今年5月9日，曾有投资者问及力星股份："拟收购飞燕钢球的事，一个多月了，一点消息都没有，有最 新进展吗？" 历时三个多月，并购告吹 "本次产业整合可进一步补充力星股份的非轴承市场，与力星股份形成'技术互补+市场协同'的战略格 局。"力星股份曾如此评价此次并购。 然而，7月16日，力星股份一纸公告让上述并购案戛然而止。 事件还要追溯 ...

Group 1 - Anker Innovation is conducting research and analysis on equity financing in the Hong Kong capital market to enhance its global strategy and brand image, with no specific plan determined yet [1] - Postal Savings Bank plans to invest 10 billion yuan to establish China Post Financial Asset Investment Co., which will enhance its service capabilities and support technological innovation and private enterprises [2] - Shantui Co. intends to issue H-shares and apply for listing on the Hong Kong Stock Exchange to meet global development needs and enhance capital operation capabilities [3] Group 2 - Jiaze New Energy's non-public stock issuance has been approved, with a financing amount of 1.2 billion yuan aimed at supplementing working capital and repaying bank loans [4] - Shangwei Co. plans to raise up to 1.144 billion yuan through a private placement to its controlling shareholder, with funds allocated for digital upgrades and marketing projects [5] - Windson Co. intends to raise up to 1.1 billion yuan for a high-performance tire expansion project, with its controlling shareholder committing to subscribe for a minimum of 200 million yuan [6] Group 3 - *ST Jinbi received a regulatory letter from the Shenzhen Stock Exchange for failing to disclose the forced liquidation of its ultimate controlling entity in a timely manner [7] - Zhuhai Guanyu won a patent dispute against ATL, with multiple patents declared invalid and no negative impact on its operations expected [8] Group 4 - New Times elected Zhan Bo as chairman and appointed other senior management members during its board meeting [9] - AVIC Xi'an Aircraft Industry Group's chairman resigned due to work changes, with the board expressing gratitude for his contributions [10] Group 5 - Wuzhou Huanneng plans to acquire 100% equity of South Taihu Technology for 1.457 billion yuan, aiming to enhance its market share in the cogeneration sector [11] - Guotou Zhonglu elected Wang Wei as the new chairman following the resignation of the previous chairman, with the new chairman also taking on the role of legal representative [12] - Lixing Co. terminated its acquisition of Qingdao Feiyan Precision Steel Ball due to an inability to reach an agreement on terms, with no adverse effects on its financial status expected [13]

Company Focus - Postal Savings Bank plans to invest 10 billion yuan to establish China Post Financial Asset Investment Co., Ltd [2] - Anker Innovation is currently researching and evaluating equity financing in the Hong Kong capital market [2] - Hoshine Silicon Industry's controlling shareholder intends to transfer 5.08% of the company's shares to Xiao Xiukun for a total price of 2.634 billion yuan [2] - Shantui Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange [2] Investment & Contracts - Jindi Co., Ltd. signed an industrial project investment contract with the Bishan District government for no less than 1.5 billion yuan [2] - Tuoxin Pharmaceutical intends to increase capital by 10 million yuan in Jingsan Biological, which has achieved the preparation of high-purity ergotamine [2] Equity Changes - Wuchan Huaneng plans to acquire 100% equity of Nantah Lake Technology for 1.457 billion yuan [3] - A shareholder of Aisecurity plans to reduce their holdings by no more than 3% of the company's shares [2] Performance & Earnings - Tiande Yu expects a net profit of 152 million yuan for the first half of the year, a year-on-year increase of 50.89% [4] - Pinming Technology anticipates a year-on-year net profit increase of 232%-303% for the first half of 2025 [4] Contracts & Project Wins - Pinggao Electric won a project from the State Grid with a total amount of approximately 1.45 billion yuan [4] Financing & Capital Increase - Shangwei Co., Ltd. plans to issue shares to its controlling shareholder Fuhua Chemical to raise no more than 1.144 billion yuan [2] Stock Price Movements - Zhongchen Technology's revenue from humanoid robot-related products accounts for no more than 1% of total revenue [2]

Group 1 - Postal Savings Bank plans to invest 10 billion yuan to establish China Post Financial Asset Investment Co., with a registered capital of 10 billion yuan, aiming to enhance comprehensive service capabilities and support technological innovation and private enterprises [1] - Tuo Xin Pharmaceutical intends to increase capital by 10 million yuan in Jiangsu Jin San Biotechnology Co., acquiring a 1.75% stake, with Jin San successfully producing high-purity ergothioneine for various products [2] - Anker Innovations is researching overseas share issuance to expand its global strategy and enhance brand influence, with no specific plan confirmed yet [3] Group 2 - Hoshine Silicon Industry's controlling shareholder plans to transfer 5.08% of shares to Xiao Xiugan for a total price of 2.634 billion yuan, with no change in control [4] - Zhuhai Guanyu has won a final ruling from the Supreme People's Court, dismissing the lawsuit from ATL, with 14 ATL patents declared invalid and no negative impact on the company's operations [5] - Lixing Co. has terminated the acquisition of Qingdao Feiyan Precision Steel Ball Manufacturing Co. due to failure to reach an agreement, with no adverse effects on its financial status [6] Group 3 - Pinming Technology expects a net profit of 28 million to 34 million yuan for the first half of the year, representing a year-on-year increase of 231.79% to 302.89% [7] - Tiande Yu's performance report anticipates a net profit of 152 million yuan for the first half, up 50.89% year-on-year [7] - Huahong Technology reports normal operations with no undisclosed significant matters [8]

Core Viewpoint - Lixing Co., Ltd. has decided to terminate the planned acquisition of Qingdao Feiyan Lingang Precision Steel Ball Manufacturing Co., Ltd. due to the inability to reach an agreement on relevant terms within the stipulated time frame, prioritizing the interests of the company and its shareholders [1][3]. Group 1: Acquisition Details - The acquisition was initially announced in late March, with Lixing intending to acquire a controlling stake in Feiyan Steel Ball for cash [1]. - Feiyan Steel Ball, established in 2004, specializes in the research and manufacturing of precision steel balls ranging from ∮0.5 to ∮12.7mm, with significant applications in automotive, aerospace, and precision machinery sectors [3]. - Feiyan Steel Ball holds over 90% market share in the commercial vehicle and heavy truck sectors in China, supplying international brands such as Jeep and Ford [3]. Group 2: Company Performance - Lixing Co., Ltd. operates in the general equipment manufacturing industry, focusing on the research, production, and sales of precision bearing rolling elements, including precision bearing steel balls and ceramic balls [3]. - The company has experienced a decline in net profit for three consecutive years, with revenues of 974 million, 981 million, 1.002 billion, and 1.045 billion yuan from 2021 to 2024, and net profits of 90 million, 62 million, 60 million, and 55 million yuan during the same period [5]. - In the first quarter of 2025, Lixing reported total revenue of 252 million yuan, a year-on-year increase of 4.66%, and a net profit of 17.13 million yuan, reflecting an 11.28% increase [5].

据力星股份彼时公告，本次产业整合可进一步补充力星股份的非轴承市场，与公司形成"技术互补+市 场协同"的战略格局，将显著增强公司在微型高精度滚动体领域的全球竞争力，构建差异化护城河，进 一步拓展公司未来发展空间，提高公司盈利能力，为我国高端装备制造业的进口替代战略提供关键零部 件保障。 另外，飞燕钢球位于青岛市黄岛区临港路2767号，距离青岛港（601298）仅40分钟车程，地理优势显 著。青岛港作为中国北方重要的国际航运枢纽，可为公司提供便捷的进出口通道，助力公司辐射东北亚 及欧美市场。力星股份通过整合飞燕钢球的制造能力与港口资源，不仅强化了自身在精密钢球领域的竞 争力，也为拓展山东及东北市场提供了重要支点，可快速切入山东及东北的重工业集群(如机床制造、 汽车产业)，填补区域市场空白。 力星股份7月16日晚公告，公司在筹划本次收购飞燕钢球控股权事项期间，积极推进各项工作，公司聘 请中介机构进行尽职调查、审计、评估等相关工作，公司与交易对方就本次股权收购相关事项进行了积 极的沟通磋商，但鉴于在约定时间内，双方无法就收购所涉及的相关条款最终达成一致，经公司审慎研 究，决定终止本次收购。 回溯前情，力星股份3月31 ...

证券代码：300421 证券简称：力星股份 公告编号：2025-021 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。 四、其他说明 一、本次终止筹划收购股权事项概述 1、公司董事会对长期以来关注和支持公司发展并积极提出建议的投资者表 示衷心感谢。 江苏力星通用钢球股份有限公司（以下简称"公司"）根据公司发展战略规划， 为拓展产业链，进一步提升公司竞争力，公司拟以现金方式收购青岛飞燕临港精 密钢球制造有限公司（以下简称"飞燕钢球"）控股权。具体内容详见公司于 2025 年 3 月 31 日在巨潮资讯网披露的《关于筹划对外投资事项的提示性公告》（公告 编号 2025-002）。 二、终止收购事项的说明 公司在筹划本次收购飞燕钢球控股权事项期间，积极推进各项工作，公司聘 请中介机构进行尽职调查、审计、评估等相关工作，公司与交易对方就本次股权 收购相关事项进行了积极的沟通磋商，但鉴于在约定时间内，双方无法就收购所 涉及的相关条款最终达成一致。为维护公司及全体股东的合法权益，经公司审慎 研究，决定终止本次收购。 三、终止筹划收购股权事项对公司的影响 江苏力星通用钢球股 ...

金十数据7月16日讯，力星股份公告，公司决定终止筹划收购青岛飞燕临港精密钢球制造有限公司控股 权。公司在筹划本次收购期间，积极推进各项工作，并聘请中介机构进行尽职调查、审计、评估等，但 因在约定时间内未能就收购条款达成一致，决定终止收购。此次终止不会对公司经营业绩及财务状况产 生不利影响。 力星股份：终止筹划收购股权事项 ...