Core Viewpoint - The control change of San Chao New Materials has been announced, with Wuxi Boda He Yi Technology Co., Ltd. becoming the new controlling shareholder, and Liu Jingqi as the actual controller, leading to a significant stock price increase for the company [1][2]. Group 1: Control Change Details - On August 4, San Chao New Materials disclosed that its controlling shareholder will change to Wuxi Boda He Yi Technology Co., Ltd., with Liu Jingqi as the new actual controller [1][2]. - The share transfer involves Wuxi Boda He Yi acquiring a total of 18.9854 million shares from existing shareholders, with a two-phase agreement for the transfer [2]. - Following the share transfer, San Chao New Materials will issue 12.475 million shares to Wuxi Boda He Yi, aiming to raise up to 250 million yuan for working capital and debt repayment [2]. Group 2: Financial Performance of Boda He Yi - Boda He Yi has shown strong financial performance, achieving revenues of approximately 4.65 billion yuan, 2.163 billion yuan, and 1.843 billion yuan for the years 2023, 2024, and the first half of 2025, respectively [5]. - Corresponding net profits for the same periods are approximately 1.09 billion yuan, 395 million yuan, and 400 million yuan, indicating consistent profitability despite industry challenges [5]. - The company's debt-to-asset ratio has decreased significantly, from 71.12% in 2023 to 51.74% in the first half of 2025, reflecting improved financial health [5]. Group 3: Challenges for San Chao New Materials - San Chao New Materials specializes in the research, production, and sales of superhard material tools, with a reported revenue of approximately 349 million yuan and a net loss of about 141 million yuan in 2024 [6]. - In the first quarter of 2025, the company experienced a revenue decline of 54.78% year-on-year, with a net loss of approximately 6.26 million yuan, indicating ongoing financial difficulties [6]. - Despite the acquisition, Boda He Yi has no immediate plans to make significant changes to San Chao New Materials' main business or assets within the next 12 months [6].

Core Viewpoint - Nanjing SanChao New Materials Co., Ltd. is undergoing a change in control, with significant shareholders planning to transfer ownership to Wuxi Boda He Yi Technology Co., Ltd. through a series of agreements [2][3][4]. Group 1: Ownership Transfer Details - The ownership transfer involves a series of agreements including a share transfer agreement, a voting rights waiver agreement, and a share subscription agreement [2][3]. - Boda He Yi will acquire 24.83% of SanChao's shares through a combination of share transfer and subscription to a private placement of shares [2][6]. - The first phase of the share transfer will see Boda He Yi acquire 6 million shares from the controlling shareholder at a price of 24.52 yuan per share [3][4]. Group 2: Voting Rights and Control - After the first phase of the transfer, Boda He Yi will hold 8.97% of the voting rights, making it the controlling shareholder, while the original shareholders will waive their voting rights [4][6]. - Following the second phase of the transfer, Boda He Yi's shareholding and voting rights will increase to 24.83%, while the original shareholders' voting rights will be adjusted accordingly [6][8]. Group 3: Business Context and Synergies - SanChao's main products include diamond grinding wheels and electroplated diamond wires, with the latter primarily used in the photovoltaic industry [7]. - The industry has faced challenges such as overcapacity and declining prices, impacting SanChao's profitability, which has fluctuated significantly from 2003.07 million yuan in 2020 to a loss of 1.41 billion yuan in 2024 [7]. - Boda He Yi, through its subsidiary, has capabilities in global supply chain integration for photovoltaic components, which may create synergies with SanChao's existing business [8].

接手的是"80后"无锡富豪柳敬麒，其为目前光伏组件企业博达新能的实控人。 而这也引发了业内关于三超新材易主后是否会迎来光伏资产注入的猜想。 不过，就在三超新材公布易主当晚，博达新能相关人士回应称："柳总的投资平台收购上市公司控股 权，不涉及博达新能或相关业务。一切以公告信息为准。" 21世纪经济报道记者注意到，这是博达新能实际控制人柳敬麒第二次冲击资本市场。 而与2023年的定增交易所不同的是，柳敬麒若顺利拿下三超新材，无论其未来是否会注入博达新能，其 主动权都将掌握在自己手中。 财报显示，三超新材去年实现营业收入3.49亿元，同比下滑27.49%；归母净利润为—1.41亿元，由盈转 亏。 值得一提的是，在上一轮周期中，三超新材同样也陷入亏损——在其上市后的第二年，即2018年，受 到"531光伏政策"影响，光伏产业需求萎缩，三超新材当年净亏损约0.28亿元。 "三步走"拿下控制权 根据三超新材8月4日晚间发布的一系列公告，柳敬麒拟通过"三步走"的方式拿下该公司控制权。 而上述"三步走"若顺利完成，博达合一将拥有三超新材约3146.04万股股份，持股比例、表决权比例均 达到24.83%。 21世纪经济报道记者 ...

虽然公司名字都有"新材"，同样是控制权变更，但在资本市场上三超新材和上纬新材却有着不同的反 应。 8月4日，三超新材（300554.SZ）披露了更为详细的控制权变更内容，柳敬麒及博达合一科技有限公司 （简称"博达合一"）、无锡博达新能科技有限公司（以下简称"博达新能"）将通过"股份转让+表决权放 弃+定向增发"的组合操作，完成对三超新材的控制。但8月5日复牌，投资者们却没能等来20cm涨停， 公司股价开盘后一路下跌，最终报收25.8元，涨幅收窄至7.10%。 不过，这笔交易对于深陷业绩困境的三超新材来说，博达系的资产将在短期内有效增厚其业绩；而对于 已经开始减持公司股权的原实控人邹余耀来说，通过一系列的股权交易其也将大比例套现离场。 反观此次交易中的核心资产光伏组件公司博达新能，其高度依赖的美国市场正面临关税壁垒与本土产能 竞争等挑战，这也为博达合一的持续盈利能力打上一个问号。 业绩承压或催生控制权变局 三超新材（300554,SZ）控制权变更的方案终于在2025年8月尘埃落定：通过"股份转让+表决权放弃+定 向增发" 的组合拳，博达合一将正式接过公司控股权。 根据披露的股权转让协议，博达合一将分两期受让原实 ...

Group 1 - The core point of the news is the change of control at San Chao New Materials, with Wuxi Boda He Yi Technology Co., Ltd. becoming the new controlling shareholder, and Liu Jingqi as the actual controller [1][3][4] - Following the announcement, San Chao New Materials' stock price hit the daily limit up, closing at a 7.1% increase, with a total market value of approximately 2.947 billion yuan [3][4] - The share transfer involves Boda He Yi acquiring a total of 18.9854 million shares from existing shareholders, with a two-phase agreement for the transfer of voting rights [3][4] Group 2 - Boda He Yi is a holding platform company that operates through its subsidiary, Boda New Energy, which is a global brand in the photovoltaic module sector, focusing on solar modules, battery cells, and silicon wafers [3][5] - Boda He Yi has demonstrated strong financial performance, achieving revenues of approximately 46.5 billion yuan, 21.63 billion yuan, and 18.43 billion yuan for the years 2023, 2024, and the first half of 2025, respectively, with corresponding net profits of about 10.9 billion yuan, 3.95 billion yuan, and 4 billion yuan [5][6] - The company has also seen a decrease in its debt-to-asset ratio, which was 71.12% in 2023, 62.16% in 2024, and 51.74% in the first half of 2025 [6] Group 3 - San Chao New Materials specializes in the research, production, and sales of diamond and cubic boron nitride tools, with a focus on superhard material tools [7] - In 2024, San Chao New Materials reported revenues of approximately 349 million yuan and a net loss of about 141 million yuan, with further declines in revenue and net profit in the first quarter of 2025 [7] - The announcement indicates that Boda He Yi does not plan to make significant changes to San Chao New Materials' main business in the next 12 months [7]

21世纪经济报道记者曹恩惠 超硬材料专家、"70后"邹余耀，欲将国内第一家金刚线上市公司三超新材（300554）(300554.SZ)的控制 权转让。 接手的是"80后"无锡富豪柳敬麒，其为目前光伏组件企业博达新能的实控人。 而这也引发了业内关于三超新材易主后是否会迎来光伏资产注入的猜想。 不过，就在三超新材公布易主当晚，博达新能相关人士回应称："柳总的投资平台收购上市公司控股 权，不涉及博达新能或相关业务。一切以公告信息为准。" 21世纪经济报道记者注意到，这是博达新能实际控制人柳敬麒第二次冲击资本市场。 2023年，以工程施工业务为核心的A股公司交建股份（603815）(603815.SH)曾发布定增方案，拟收购博 达新能70%的股权，但这项并购案于2024年终止。 而与2023年的定增交易所不同的是，柳敬麒若顺利拿下三超新材，无论其未来是否会注入博达新能，其 主动权都将掌握在自己手中。 "三步走"拿下控制权 根据三超新材8月4日晚间发布的一系列公告，柳敬麒拟通过"三步走"的方式拿下该公司控制权。 考虑到第二期股权交易单价不低于第二期标的股份转让协议签署日三超新材股份大宗交易价格的下限且 不低于第一期股份 ...

2023年，以工程施工业务为核心的A股公司交建股份（603815.SH）曾发布定增方案，拟收购博达新能 70%的股权，但这项并购案于2024年终止。 超硬材料专家、"70后"邹余耀，欲将国内第一家金刚线上市公司三超新材（300554.SZ）的控制权转 让。 接手的是"80后"无锡富豪柳敬麒，其为目前光伏组件企业博达新能的实控人。 而这也引发了业内关于三超新材易主后是否会迎来光伏资产注入的猜想。 不过，就在三超新材公布易主当晚，博达新能相关人士回应称："柳总的投资平台收购上市公司控股 权，不涉及博达新能或相关业务。一切以公告信息为准。" 21世纪经济报道记者注意到，这是博达新能实际控制人柳敬麒第二次冲击资本市场。 而与2023年的定增交易所不同的是，柳敬麒若顺利拿下三超新材，无论其未来是否会注入博达新能，其 主动权都将掌握在自己手中。 "三步走"拿下控制权 根据三超新材8月4日晚间发布的一系列公告，柳敬麒拟通过"三步走"的方式拿下该公司控制权。 第一步，无锡博达合一科技有限公司（下称博达合一）、无锡博达新能科技有限公司（下称博达新能） 与三超新材控股股东、实际控制人邹余耀、持股5%以上股东刘建勋签署股份转让协议 ...

证券代码：300554 证券简称：三超新材 公告编号：2025-055 南京三超新材料股份有限公司 关于使用闲置自有资金进行现金管理的进展公告 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。 南京三超新材料股份有限公司（以下简称"三超新材"或公司）于第四届董 事会第五次会议和第四届监事会第五次会议，审议通过了《关于使用闲置自有资 金和闲置募集资金进行现金管理的议案》，同意公司及合并报表范围内的子公司 使用不超过 0.5 亿元（含 0.5 亿元）闲置募集资金及不超过 4 亿元（含 4 亿元） 自有资金适时进行现金管理。在上述额度内，资金可以滚动使用。具体内容详见 公司披露于巨潮资讯网上的相关公告（公告编号：2025-017）。 近期，公司使用暂时闲置的自有资金在授权范围内进行现金管理，现就相关 事宜公告如下： 一、进行现金管理的基本情况 公司于近日使用暂时闲置的自有资金购买产品的基本情况如下： | 委托方 | 受托方 | 产品名称 | 收益类 | 金额 （万 | 起息日 | 到期日 | 预计年化 | 资金 | | --- | --- | --- | --- | ...

Group 1 - The second Photovoltaic Low-Silver/No-Silver Technology Forum 2025 will be held on September 3 in Suzhou, focusing on industry outlook and market prospects for low-silver/no-silver technology [1][3] - The company Nanjing San Chao New Materials Co., Ltd. has signed a share transfer agreement with Wuxi Boda He Yi Technology Co., Ltd. and Wuxi Boda New Energy Technology Co., Ltd., leading to a change in controlling shareholder and actual controller [2] - The company plans to issue A-shares to specific investors, with Boda He Yi intending to subscribe for all 12,475,049 shares at a price of 20.04 yuan per share, raising up to 250 million yuan for working capital and bank loan repayment [2] Group 2 - Boda He Yi is a holding platform company that operates through its subsidiary Boda New Energy, which is a global photovoltaic module brand with supply chain integration capabilities [3] - In the first half of 2025, Boda He Yi achieved revenue of 1.843 billion yuan and a net profit of 400 million yuan [3] - The fourth Perovskite Technology, Equipment, and Materials Forum 2025 will be held from October 14-16 in Suzhou, discussing the application scenarios and market potential of perovskite components [3]

Core Viewpoint - San Chao New Materials (300554) is undergoing a change in control, with the current controlling shareholder and actual controller transferring shares to Wuxi Boda He Yi Technology Co., Ltd. and Wuxi Boda New Energy Technology Co., Ltd. [1][4] Share Transfer Details - The first phase of the share transfer involves Boda He Yi acquiring 10,250,000 shares at a price of 24.52 CNY per share, totaling 251.33 million CNY, with the sellers cashing out 147.12 million CNY [2][3] - After the first phase, the controlling shareholder will change to Boda He Yi, and the actual controller will be Liu Jingqi [4] Voting Rights Changes - Following the first phase, both current shareholders, Zou Yuyao and Liu Jianxun, will relinquish their voting rights for their remaining shares for a period of 60 months [3][4] - The second phase of the share transfer will involve the transfer of an additional 8,735,384 shares, with a completion deadline of June 30, 2026 [4][5] Fundraising Plans - The company plans to raise up to 250 million CNY through a private placement of shares, with the funds intended for working capital and repaying bank loans [6][8] - Boda He Yi will be the sole subscriber for the new shares, acquiring 12,475,049 shares at a price of 20.04 CNY per share [6][7] Shareholding Structure Post-Issuance - After the issuance, Boda He Yi's shareholding will increase to 24.83%, maintaining its status as the controlling shareholder, while Zou Yuyao's shareholding will decrease to 20.69% [7][8]