万隆光电证券部工作人员12月4日向时代周报记者表示："本次交易之所以构成关联交易，是因为若公司发行股份购买中控信息控制权完成后，交易对手方可 能变成公司持股5%以上的股东。" 时代周报记者注意到，中控信息曾经冲击创业板IPO，但是在经历了深交所两度问询后，于2024年8月撤回申请。深交所彼时主要就中控信息报告期内实控 人变更的合理性以及分公司单位行贿罪是否构成IPO实质性障碍等问题发出问询。 这次收购，是陕西富豪付小铜2024年入主万隆光电后的一次大动作。近年来，万隆光电连年亏损，付小铜并没有向公司注入旗下的煤炭、白酒等资产，直至 如今筹划"蛇吞象"收购中控信息。中控信息2023年营收超30亿元，归母净利润约1.5亿元，其业绩规模约是万隆光电的10倍。 万隆光电究竟将如何吞并中控信息，答案仍待揭晓。 | 项目 | 2023 年 12 月 31 日 / | 2022 年 12 月 31 日/ | 2021 年 12 | | --- | --- | --- | --- | | | 2023 年度 | 2022 年度 | 2021 4 | | 归属于母公司所有者权益 | 175. 662. 40 | 162,842 ...

深交所分别于2023年7月21日、2024年2月2日对中控信息进行了第1轮和第2轮审核问询。但随着主动撤 回IPO，公司并未回复第二轮审核问询。 记者李昊 广州报道 12月3日晚，万隆光电（300710）公告称，正在筹划发行股份及支付现金购买浙江中控信息产业股份有 限公司（以下简称"中控信息"）控制权，拟同步收购其他股东所持中控信息股份，并募集配套资金。本 次交易构成关联交易，经初步测算，本次交易预计构成重大资产重组，不构成重组上市。 具体来看，万隆光电拟以发行股份及支付现金方式购买标的公司控制权，其中杭州汇格企业管理合伙企 业（有限合伙）、宁波云吟企业管理合伙企业（有限合伙）和杭州智格企业管理合伙企业（有限合伙） 合计持有标的公司53.0397%股份。 中控信息曾冲刺创业板IPO，原计划募资10亿元。该公司申请于2023年6月被受理，次月进入问询环 节。2024年8月IPO被终止，原因为中控信息及保荐人撤回发行上市申请。 | 序号 | 内容 | 更新日期 | | --- | --- | --- | | 已发出第2轮审核问询函 | | 2024-02-02 | | 2 发行人及保荐机构回复意见.pdf | | ...

Group 1 - Yonghe Intelligent Control plans to publicly transfer 100% equity and a debt of 114 million yuan of its subsidiary Chengdu Shanshuishang Hotel, with a minimum listing price of 185 million yuan [1] - Grinda intends to invest 79.9999 million yuan to subscribe for 764,400 shares of Muxi Integrated Circuit (Shanghai) Co., accounting for 0.19% of the total share capital after issuance [1] - Tianshan Aluminum's actual controllers plan to reduce their holdings by no more than 1% of the company's shares starting from December 25, 2025 [1][2] Group 2 - Guang'an Aizhong plans to publicly issue bonds not exceeding 1 billion yuan to repay debts and supplement working capital [3] - Tengda Technology's shareholder plans to reduce holdings by no more than 0.8% of the company's shares starting from December 26, 2025 [4] - Tianwo Technology intends to invest in a 300,000-kilowatt "solar thermal + wind power integration" project with a total investment not exceeding 1.918 billion yuan [5][6] Group 3 - Yunnan Energy Investment announces that three wind power expansion projects have achieved full capacity grid connection, adding 596,250 kilowatts of wind power capacity [7] - Jinggong Technology wins a bid for a carbon fiber production base project worth 729 million yuan, accounting for 42.16% of its audited revenue for 2024 [8] - CITIC Bank's risk director's qualification has been approved by the regulatory authority [9][10] Group 4 - Electric Media plans to establish a joint venture with Mango Super Media and Zhangjiajie Tourism Group with a registered capital of 180 million yuan [11] - New Lai Ying Material's subsidiary plans to invest 157 million yuan to acquire a 51% stake in Anpu Intelligent Technology [13] - Kuaiji Elevator has been notified of the cancellation of its high-tech enterprise qualification for 2021-2023, which may impact its operating performance [15] Group 5 - Huakai Yibai's shareholders plan to reduce their holdings by no more than 2.94% of the company's shares [16] - Del Shares' shareholder plans to reduce holdings by no more than 2.98% of the company's shares [17] - Rifa Precision plans to sell idle assets for 155 million yuan to an affiliated party [19] Group 6 - Wanlong Optoelectronics is planning a major asset restructuring and has suspended trading of its shares [20] - Bangjie Co.'s shareholder plans to reduce holdings by no more than 400,000 shares [22] - Nanhua Instrument's actual controller and related parties plan to reduce holdings by no more than 1.62% of the company's shares [24] Group 7 - Unisplendour has re-submitted its H-share listing application to the Hong Kong Stock Exchange [25] - Zhongshi Technology plans to acquire 51% of Zhongshi Xun Cold for 35.7 million yuan [26] - Pulutong is planning a major asset restructuring and has suspended trading of its shares [26]

Group 1 - Alibaba's major shareholders, including Hangzhou Haoyue, are reducing their stakes in YTO Express and Meikailong, with Meikailong's major shareholder planning to sell up to 130,641,979 shares, representing 3% of the total share capital, valued at approximately 345 million yuan [1] - YTO Express announced that Hangzhou Haoyue transferred 39.925 million shares between November 10 and November 27, 2025, accounting for 1.16% of the total share capital [1] Group 2 - Guizhou Bailing's actual controller, Jiang Wei, is under investigation by the China Securities Regulatory Commission for insider trading and violations related to stock transfers, although this investigation does not affect the company's operations [3] Group 3 - The People's Bank of China emphasizes the need to address "involution" in the financial industry and improve the transmission mechanism of monetary policy, advocating for better coordination between monetary policy and fiscal and industrial policies [4] Group 4 - FTSE Russell announced changes to the FTSE China A50 Index, including the addition of Luoyang Molybdenum and Sungrow Power, while removing Jiangsu Bank and SF Express, effective December 22, 2025 [6] Group 5 - In November, retail sales of passenger vehicles in China decreased by 7% year-on-year, totaling 2.263 million units, while the retail sales of new energy vehicles increased by 7% year-on-year, reaching 1.354 million units [7] Group 6 - The London Metal Exchange reported a significant increase in copper delivery applications, with a rise of 50,575 tons, marking the largest increase since 2013 [8] Group 7 - Over 20 cities in China have suspended or adjusted their vehicle replacement subsidy programs as the fourth batch of 69 billion yuan in national subsidies is being consumed [9] Group 8 - Li Auto launched its first AI smart glasses, Livis, priced at 1,999 yuan, with a government subsidy reducing the price to 1,699 yuan for orders placed by December 31 [10] Group 9 - Anyang Iron and Steel's subsidiary plans to apply for a trust loan of up to 600 million yuan, while Longbai Group has received approval for a 4 billion yuan technology innovation bond [12] Group 10 - The Hong Kong Securities and Futures Commission has suspended trading of Daxian Education due to serious exaggeration of bank balances in its financial statements [13] Group 11 - Moore Threads is set to be listed on the Science and Technology Innovation Board on December 5, 2025 [14] Group 12 - High Energy Environment plans to apply for an initial public offering of H-shares on the Hong Kong Stock Exchange to enhance its global strategy [15] - Wanlong Optoelectronics is planning a major asset restructuring involving the acquisition of control over Zhejiang Zhongkong Information Industry Co., with trading suspended [16] Group 13 - Baiwei Storage reported a reduction of 4.646 million shares by the National Integrated Circuit Industry Investment Fund II, decreasing its stake from 7.9033% to 6.9078% [17]

Group 1 - China's self-developed reusable launch vehicle Zhuque-3 successfully completed its maiden flight, marking a new milestone in the country's commercial space industry, with predictions that the industry could reach a scale of 7-10 trillion yuan by 2030 [2] - The U.S. ADP employment report for November showed a decrease of 32,000 private sector jobs, the largest drop in two and a half years, leading to increased expectations for a Federal Reserve rate cut [2] Group 2 - The Chinese government is promoting new urbanization as a key driver for expanding domestic demand and upgrading industries, emphasizing the need for urban renewal and addressing the urban-rural dual structure [3] - The Chinese Ministry of Commerce reported that the trade-in program for consumer goods has generated over 2.5 trillion yuan in sales, benefiting over 360 million people [3] Group 3 - The A-share market experienced a decline, with the Shanghai Composite Index down 0.51% and the Shenzhen Component down 0.78%, while the coal sector saw gains [5] - The Hong Kong Hang Seng Index fell 1.28%, with significant net buying from southbound funds, particularly in Alibaba [5] Group 4 - New active equity funds have shown signs of building positions, with over 80% of newly established funds experiencing net value fluctuations, while the consensus is to focus on AI applications for future allocations [6] - Morgan Stanley upgraded its rating on the Chinese stock market to "overweight," citing a higher risk of significant gains compared to losses [6] Group 5 - The Chinese government has initiated a parenting subsidy program for families with children under three years old, with over 30 million applications submitted and approved [4] - Cambodia will implement a visa-free policy for Chinese citizens from June to October 2026, allowing for multiple entries [4] Group 6 - The cultural and tourism sector in China is set to integrate with the civil aviation industry through a new action plan aimed at enhancing domestic travel accessibility and developing low-altitude tourism [9] - The Chinese passenger car market saw retail sales of 2.263 million units in November, a year-on-year decline of 7%, while the new energy vehicle market grew by 7% [9] Group 7 - The China Internet Finance Association is enhancing self-regulation for financial applications and mini-programs, aiming to mitigate risks associated with digital financial channels [10] - Binance appointed co-founder He Yi as co-CEO to expand its global business and strengthen compliance efforts [10] Group 8 - The U.S. stock market saw slight gains, with the Dow Jones up 0.86%, while the tech sector faced declines, particularly in Chinese concept stocks [15] - European stock indices showed mixed results, with the French market benefiting from consumer sector resilience [15] Group 9 - The domestic bond market experienced narrow fluctuations, with most interest rates rising, while the central bank conducted a reverse repurchase operation [17] - The U.S. Treasury yields collectively fell, indicating a shift in investor sentiment [17] Group 10 - International precious metals futures generally rose, supported by expectations of a Federal Reserve rate cut and positive economic data from Europe [18] - Crude oil prices increased amid ongoing geopolitical tensions, particularly related to the Russia-Ukraine conflict [18]

Group 1: Policy and Economic Developments - The State Council approved the "Yangtze River Delta Land Space Planning (2023-2035)", aiming to maintain arable land at no less than 161.48 million acres by 2035, with ecological protection areas and water usage limits specified [2] - The Ministry of Commerce reported that from January to November, the trade-in of consumer goods generated over 2.5 trillion yuan in sales, benefiting over 360 million people [2] Group 2: Aerospace and Technology Advancements - The Zhuque-3 rocket successfully launched on December 3, completing its mission and entering the designated orbit [3] - The 2025 Commercial Space Forum opened in Wuhan, highlighting the strategic importance of aerospace as a key emerging industry, with plans to develop a "China Star Valley" for commercial space innovation [4] - Chinese scientists developed a new nickel-based superconductor, achieving the highest superconducting transition temperature for this material, which could pave the way for room-temperature superconductors [5] Group 3: Company News - Moer Thread's stock is set to be listed on the Sci-Tech Innovation Board on December 5 [6] - Muxi Co., Ltd. has set its initial public offering price at 104.66 yuan per share [7] - Grinda participated in the strategic placement of Muxi's initial public offering with an investment of approximately 80 million yuan [8] - Aerospace Electromechanical's stock price has shown significant deviation from its fundamentals [9] - Xingyu Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange [10] - Wanlong Optoelectronics is planning to acquire control of Zhongkong Information, leading to a stock suspension starting December 4 [11] - Tencent Holdings repurchased 1.04 million shares for 636 million HKD on December 3 [12] - Pulutong is planning an asset acquisition, resulting in a stock suspension starting December 4 [13] - *ST Songfa signed a shipbuilding contract valued between 70 million to 100 million USD [14] - New Media Co. plans to distribute 11 yuan per 10 shares (including tax) before the third quarter of 2025 [15] - *ST Chuntian's main business and operational scope remain unchanged [16]

从行业地位来看，目前中控信息在中国城市智能交通市场系统集成商中业绩排名前三，公司自主研发的 信号控制机及管控平台已为全国100多个城市交通治堵提供服务。2017年以来，公司参与杭州、澳门、 德清、海口等城市大脑项目，是国内第一家在城市数据大脑平台成功部署"互联网+红绿灯优化"的厂 商。 中控信息近日发布的消息显示，公司立足城轨数字化转型前沿，以地铁智慧车站场景化运营为突破口， 创新融合"视觉AI算法"与"视觉大模型"两大核心技术，构建全流程L3级少人化智慧车站解决方案。该方 案已在杭州地铁4号线景芳站成功落地，经两个月实证运行，显著提升了车站可视化管控与智能化运营 水平，标志着全国首个"AI+少人化"智慧车站进入实战应用新阶段。 回到此次收购事项，公告显示，万隆光电拟以发行股份及支付现金方式购买中控信息控制权，其中杭州 汇格企业管理合伙企业（有限合伙）、宁波云吟企业管理合伙企业（有限合伙）和杭州智格企业管理合 伙企业（有限合伙）合计持有中控信息53.04%的股份，上述股东已签署《股份收购意向书》，其余股 东的交易意向尚在协商中。 万隆光电（300710）12月3日晚间公告称，公司正在筹划发行股份及支付现金购买 ...

又见上市公司收购拟IPO公司。 12月3日晚，万隆光电（300710）公告称，公司正在筹划发行股份及支付现金购买浙江中控信息产业股 份有限公司（以下简称"中控信息"）控制权，拟同步收购其他股东所持中控信息股份，并募集配套资 金。 中控信息曾冲刺创业板IPO，原拟募资10亿元，其申请于2023年6月被受理，后于当年7月进入问询环 节。2024年8月，中控信息创业板IPO被终止，终止原因系中控信息及保荐人撤回发行上市申请。 万隆光电表示，本次交易构成关联交易，经初步测算，本次交易预计构成重大资产重组，不构成重组上 市。万隆光电预计在不超过10个交易日的时间内披露本次交易方案，公司股票自2025年12月4日（星期 四）开市时起开始停牌。 目前，杭州汇格企业管理合伙企业（有限合伙）、宁波云吟企业管理合伙企业（有限合伙）和杭州智格 企业管理合伙企业（有限合伙）合计持有中控信息53.0397%股份，上述股东已与万隆光电签署《股份 收购意向书》，其余股东的交易意向尚在协商中，最终确定的交易对方以后续披露的公告为准。 万隆光电、中控信息均从事通信相关业务。万隆光电专注于广电网络设备与数据通信系统的研发、生 产、销售与技术支持 ...

Core Viewpoint - Wanlong Optoelectronics is planning to acquire control of Zhejiang Zhongkong Information Industry Co., Ltd. through a share issuance and cash payment, while also raising matching funds. This transaction is classified as a related party transaction and is expected to constitute a major asset restructuring, but will not lead to a restructuring listing [1][2]. Group 1: Company Overview - Wanlong Optoelectronics focuses on the research, production, sales, and technical support of broadcasting network equipment and data communication systems, positioning itself as a comprehensive solution provider in the domestic broadcasting and optical communication fields [2]. - Zhongkong Information is a service provider for infrastructure digitization, primarily engaged in project-based operations, offering products such as traffic signal controllers and intelligent traffic lights, along with software systems [2]. Group 2: Financial Performance - Zhongkong Information reported revenues of 3.085 billion yuan, 3.325 billion yuan, and 3.185 billion yuan for the years 2021 to 2023, respectively. The net profit attributable to shareholders was 150 million yuan, 159 million yuan, and 146 million yuan during the same period [2]. Group 3: IPO and Regulatory Scrutiny - Zhongkong Information's IPO application was accepted in June 2023, with an initial fundraising target of 1 billion yuan. However, the application was terminated in August 2024 due to the withdrawal of the application by Zhongkong Information and its sponsor [1][2]. - The Shenzhen Stock Exchange raised concerns during the first round of inquiries regarding Zhongkong Information's core technology, competitive landscape, and revenue sources, particularly noting that 71.90% of its revenue came from Zhejiang Province in 2022 [3].

每经记者｜王琳 每经编辑｜段炼 董兴生 股份收购 万隆光电：筹划购买中控信息控制权 万隆光电公告，公司正在筹划发行股份及支付现金购买浙江中控信息产业股份有限公司控制权，并同步收购其他股东所持中控信息的股份，同时募集配套 资金。本次交易预计构成重大资产重组，不构成重组上市。公司证券自2025年12月4日开市起停牌，预计在不超过10个交易日内披露本次交易方案。 德固特：终止筹划重大资产重组事项 业绩披露 德固特公告，公司原拟通过发行股份及支付现金的方式购买浩鲸云计算科技股份有限公司100%股份并募集配套资金。12月3日，公司召开第五届董事会第 十二次会议审议通过《关于终止公司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的议案》，并与本次交易各方签署了解除协议。 千里科技：11月新能源汽车销量同比下降43.98% 天山铝业：实控人拟合计减持不超1%公司股份 天山铝业公告，公司实际控制人曾超懿、曾超林披露股份减持计划，二人拟在公告披露之日起15个交易日后的3个月内合计减持公司股份不超过4589.86万 股，占公司总股本的1%。 唯赛勃：控股股东拟减持不超2.99%公司股份 唯赛勃公告，公司控股股东唯赛勃环保材料 ...