Group 1 - The core viewpoint of the news is that Xinchen Technology (300542) has experienced a decline in stock price and significant changes in its financial performance as of the first quarter of 2025 [1][3] - As of August 19, 2025, Xinchen Technology's stock closed at 21.88 yuan, down 0.36%, with a turnover rate of 5.74% and a trading volume of 141,400 hands, amounting to a transaction value of 312 million yuan [1] - The company reported total operating revenue of 124 million yuan for the first quarter of 2025, a year-on-year decrease of 35.03%, while net profit attributable to shareholders was 6.26 million yuan, a year-on-year increase of 52.57% [1] Group 2 - Xinchen Technology has made investments in 9 companies and participated in 1,237 bidding projects, indicating active engagement in business development [2] - The company holds 13 trademark registrations and 37 patents, showcasing its focus on intellectual property [2] - Xinchen Technology has 5 administrative licenses, reflecting its compliance and operational capabilities [2]

M&A Activity Overview - From August 11 to August 17, there were a total of 101 M&A events involving listed companies, with 35 classified as significant M&A transactions[9] - Among these, 17 M&A transactions were completed, including 1 significant transaction by Anyuan Coal Industry, valued at 36,869.86 million CNY[14] Policy Updates - On August 14, Hainan Province announced policies to support the pharmaceutical industry, including a 50% interest subsidy on bank loans for companies involved in M&A within the province, with a maximum subsidy of 5 million CNY[7] - The Henan Provincial Government is promoting M&A and refinancing to enhance the competitiveness of listed companies[7] Major M&A Transactions - Significant M&A transactions include: - Anfu Technology acquiring 31% of Anfu Energy, valued at 115,198.71 million CNY[14] - Wuxin Tunnel Equipment acquiring 100% of Wuxin Heavy Industry and Xinzhong Technology, valued at 265,031.44 million CNY[14] - Huahong Company planning to acquire Huali Microcontrol's equity, currently under suspension[14] M&A Failures - There was 1 reported failure in M&A activity, involving Xincheng Technology's attempt to acquire Tianyi Enhua, which was terminated due to a lack of agreement on core transaction terms[18] Control Changes - Five listed companies reported changes in actual control, including Jiangte Electric and Mengjie Co., with the latter having no disclosed actual controller post-change[20] Market Performance - The restructuring index underperformed the Wind All A index by 0.80% during the period from August 11 to August 17[24]

（文章来源：证券日报） 证券日报网讯新晨科技8月14日在互动平台回答投资者提问时表示，公司为软件和信息技术服务业企 业，主要为金融行业客户提供软件开发、系统集成等专业化信息解决方案和专业技术服务。 ...

Market Overview - The Shanghai Composite Index closed at 3686.34 points, with a gain of 0.56% [1] - The total trading volume of A-shares reached 1,328.277 billion yuan [1] Stocks with Death Cross - A total of 52 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - *ST Gao Hong: 5-day MA at 2.09 yuan, 10-day MA at 2.13 yuan, difference of -1.93% [1] - Bu Ke Co.: 5-day MA at 94.86 yuan, 10-day MA at 95.89 yuan, difference of -1.08% [1] - Rong Tai Co.: 5-day MA at 32.17 yuan, 10-day MA at 32.47 yuan, difference of -0.92% [1] Additional Stock Performance - Other stocks showing a death cross include: - He Chuan Technology: 5-day MA at 47.55 yuan, 10-day MA at 47.92 yuan, difference of -0.78% [1] - Xin Xun Da: 5-day MA at 13.82 yuan, 10-day MA at 13.92 yuan, difference of -0.70% [1] - Stocks with minor changes in their moving averages include: - ST Xue Fa: 5-day MA at 3.87 yuan, 10-day MA at 3.89 yuan, difference of -0.51% [1] - Huang Ting International: 5-day MA at 2.92 yuan, 10-day MA at 2.94 yuan, difference of -0.44% [1]

Core Viewpoint - New Morning Technology announced the termination of its major asset restructuring plan due to a lack of consensus on core transaction terms among parties involved [2][4]. Group 1: Restructuring Process - The company initiated a major asset restructuring plan in April 2025 and engaged intermediary institutions for auditing, evaluation, and due diligence [2]. - The company maintained its information disclosure obligations by regularly announcing the progress of the transaction and potential risks [2]. Group 2: Termination Reasons and Impact - The decision to terminate the restructuring was made after thorough discussions and negotiations, where no agreement was reached on key terms [2][4]. - The termination does not impose any breach of contract liabilities on the company or related parties [3]. Group 3: Future Plans - The company will continue to seek better development opportunities aligned with its strategic development plan to enhance operational performance and protect shareholder interests [3][4]. - Following the termination announcement, the company is prohibited from planning any major asset restructuring for one month, in compliance with relevant regulations [5]. Group 4: Financial Performance - In Q1 2025, the company reported a main revenue of 124 million yuan, a year-on-year decrease of 35.03%, and a net profit attributable to shareholders of -6.26 million yuan, an increase of 52.57% year-on-year [6]. - The company’s debt ratio stood at 54.94%, with a gross profit margin of 20.25% [6].

Core Viewpoint - The company, Xinchen Technology, has extensive experience and technical accumulation in the field of international settlement and trade financing, which positions it well to meet market demands [1] Group 1: Company Capabilities - The international settlement and trade financing system developed by the company is based on mature international settlement and trade financing products, integrating deep understanding and years of implementation experience in the financial industry [1] - The system comprehensively covers bank international settlement and trade financing business, domestic specialty business, and interbank agency business [1] - By automating international settlement and trade financing processes, the company helps banks reduce risks and lower costs [1] Group 2: Technological Innovation - The successful application of blockchain technology in areas such as letter of credit settlement demonstrates the effective utilization of the company's R&D achievements in blockchain [1] - This application not only meets the business needs of the company's clients but also showcases the practical implementation of innovative technology in financial services [1]

Core Viewpoint - The company has developed a comprehensive data service system for air traffic management, focusing on low-altitude airspace applications and monitoring platforms [1] Group 1: Product Development - The company has independently developed the "Low-altitude Airspace Declaration Platform" and the "Low-altitude Comprehensive Monitoring Platform" to address the needs in the low-altitude sector [1] - The Low-altitude Airspace Declaration Platform offers integrated declaration services, facilitating the entire process of airspace application, approval, monitoring, and usage in a one-stop service [1] - The Low-altitude Monitoring Platform meets diverse user needs for comprehensive monitoring in low-altitude scenarios, addressing the critical issues of visibility and accuracy in low-altitude target monitoring [1] Group 2: Data Value Enhancement - The company is leveraging its analysis of air traffic management (ATM) business and data to further explore the value of ATM data [1] - The enhancement of ATM data application capabilities is aimed at providing technical support for the company's development in the low-altitude industry [1]

Core Viewpoint - The company, Xinchen Technology, has been involved in China's manned space program since 2008, providing support for the CZ-2F rocket launch system and technical assistance since the Shenzhou 7 mission [1] Group 1 - The company has been a key contractor for the manned space program, contributing to the development and deployment of ground systems for rocket launches [1] - Xinchen Technology aims to leverage its expertise in network, security, cloud platforms, storage, and data to continue supporting the national space endeavors [1]

答：您好，公司自筹划本次重大资产重组以来，积极推进 本次交易，鉴于交易各方在对本次交易进行充分协商和谈判 后，未就交易核心条款达成一致，经公司与交易对方友好协商、 审慎研判后，公司决定终止本次发行股份及支付现金购买资产 事宜。公司未来将继续围绕战略发展规划积极寻求更好的发展 机会，有效提升公司经营业绩，切实维护广大股东利益。感谢 您的关注。 证券代码：300542 证券简称：新晨科技 新晨科技股份有限公司 投资者关系活动记录表 编号：2025-003 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 活动类别 | □现场参观☑其他（终止发行股份及支付现金购买资产并募集 | | | 配套资金暨关联交易事项的投资者说明会） | | 参与单位名称及 | 线上参与公司终止发行股份及支付现金购买资产并募集配套 | | 人员姓名 | 资金暨关联交易事项的投资者说明会的全体投资者 | | 时间 | 2025 年 8 月 12 日 | | 地点 | 公司会议室、全景网"投资者关系互动平台" | | | （http: ...

金融界消息 截至2025年8月12日收盘，新晨科技（300542）报收于20.91元，下跌5.56%，换手率 7.03%，成交量17.32万手，成交金额3.58亿元。 资金流向方面，今日主力资金净流出1645.08万元，占比成交额4.6%。其中，超大单净流出283.34万 元、占成交额0.79%，大单净流出1361.73万元、占成交额3.81%，中单净流出流入163.35万元、占成交 额0.46%，小单净流入1481.73万元、占成交额4.14%。 新晨科技最新一期业绩显示，截至2025一季报，公司营业总收入1.24亿元、同比减少35.03%，归属净利 润626.33万元，同比增长52.57%，扣非净利润702.73万元，同比增长48.83%，流动比率1.465、速动比率 1.101、资产负债率54.94%。 天眼查商业履历信息显示，新晨科技股份有限公司，成立于1998年，位于北京市，是一家以从事科技推 广和应用服务业为主的企业。企业注册资本29855.9899万人民币，实缴资本29855.9899万人民币。公司 法定代表人为康路。 通过天眼查大数据分析，新晨科技股份有限公司共对外投资了9家企业，参与招投标项 ...