Core Viewpoint - The article highlights a significant trend in the A-share market, where there has been a surge in control changes among listed companies, reflecting increased market activity and strategic repositioning by various stakeholders [2][12]. Group 1: Control Changes in Listed Companies - Since 2025, at least 150 listed companies have announced plans for control changes, averaging one company every two days [2][3]. - As of 2026, over 60 companies have reported progress on control changes, indicating a continuation of this trend [2]. - The majority of control changes are occurring in traditional industries such as chemicals, textiles, and consumer goods, with acquirers including individuals, state-owned enterprises, and investment firms [2][5]. Group 2: Industry Distribution of Control Changes - The distribution of control changes shows that traditional industries dominate, with 12.77% of changes in the oil and petrochemical sector, and significant activity in environmental services, construction, and light manufacturing [5][7]. - Other sectors like agriculture, textiles, and real estate also show notable percentages of control changes, indicating a broad impact across various industries [5][7]. Group 3: Market Capitalization of Companies Involved - A significant portion of companies undergoing control changes are small-cap firms, with 169 companies having a market capitalization below 10 billion yuan, accounting for nearly 80% of the total [8][9]. - Companies with a market cap below 5 billion yuan represent 47.44%, while those between 5 billion and 10 billion yuan make up 31.16% [9][10]. Group 4: Motivations Behind Control Changes - The motivations for these control changes include financial distress among original controlling shareholders, strategic shifts in traditional industries, and pressures from debt [12][14]. - The trend is also driven by the need for new capital and resources to enhance company governance and operational efficiency [11][12]. Group 5: Types of Acquirers - The acquirers in these control changes are primarily state-owned enterprises, industrial capital, and limited partnership firms, with state-owned entities frequently taking over to optimize industrial layouts and stabilize the market [14]. - Industrial capital is also a significant player, often seeking to enhance synergies and expand into new business areas [14].

Group 1 - The acquisition of Tianmai Technology by Suzhou Industrial Park Qichen Hengyuan Equity Investment Partnership marks the first successful control transfer of a listed company by a market-oriented venture capital institution since the release of the "Six Opinions on Deepening the Reform of Mergers and Acquisitions of Listed Companies" [1] - The Chinese M&A market is expected to recover, with PwC forecasting a total disclosed transaction amount exceeding $400 billion in 2025, a 47% year-on-year increase [1] - The exit strategies for private equity (PE) and venture capital (VC) firms are evolving, with a shift from reliance on IPOs to a more diversified approach, including mergers and acquisitions [1][2] Group 2 - The increase in PE/VC firms acquiring control of listed companies is driven by supportive policies, such as the "Six Opinions" and the revised "Management Measures for Major Asset Restructuring of Listed Companies," which reduce costs and risks associated with capital occupation [2] - The need for resource integration in industries facing intense competition is pushing PE/VC firms to pursue mergers and acquisitions as a means to enhance efficiency and competitiveness [3] - Local state-owned assets are establishing merger funds to participate in industry consolidation, with Shanghai's new state-owned merger fund matrix exceeding 50 billion yuan aimed at enhancing industrial mergers [3] Group 3 - The trend towards diversification in exit channels for PE/VC firms is becoming more pronounced, with an increasing focus on merger exits and S fund transfers alongside traditional IPOs [4] - Despite uncertainties in global trade and geopolitical situations, multiple positive factors are expected to drive growth in the M&A market, particularly in high-tech, industrial products, new energy, biomedicine, and consumer goods sectors [4]

Group 1 - Tianmai Technology's stock price fell by 1.16% to 52.75 yuan per share, with a total market capitalization of 3.589 billion yuan, and a cumulative decline of 5.11% over the past four days [1] - The company, founded on April 13, 2004, specializes in providing comprehensive solutions for urban public transport operations, management, and services based on vehicle networking technology [1] - The main revenue components of Tianmai Technology include: intelligent scheduling system (49.34%), software products and others (29.67%), vehicle remote monitoring system (9.77%), intelligent bus cash collection system (7.28%), taxi operation supervision system (2.87%), and new energy charging monitoring system (1.07%) [1] Group 2 - Among the top ten circulating shareholders, Dachen Fund's Dachen Zhongzheng 360 Internet + Index A (002236) entered the list in the third quarter, holding 406,800 shares, accounting for 0.78% of circulating shares [2] - The fund has experienced a year-to-date return of 11.75% and a one-year return of 41.78%, ranking 559 out of 5569 and 1364 out of 4295 in its category, respectively [2] - The fund manager, Xia Gao, has a tenure of 11 years and 71 days, with the fund's total asset size at 2.142 billion yuan and a best return of 266.84% during his tenure [2]

股价方面，天迈科技近期呈现震荡下行趋势。截至2026年2月10日，收盘价为53.37元，近5日累计下跌 2.77%，区间振幅达6.14%。资金面上，当日主力资金净流出797.33万元，换手率为2.74%。技术面显 示，股价当前处于20日布林线下轨附近，压力位59.78元，支撑位51.68元，表现弱于大盘和行业平均水 平。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势 经济观察网天迈科技（300807）控制权变更完成，苏州启辰衡远成为控股股东，公司完成工商变更登 记，王欣女士当选董事长。这一事件可能对公司治理和长期战略产生影响。 机构观点 机构对天迈科技关注度一般，整体舆情偏中性。最新数据显示，机构调研频率较低，基金持股比例仅为 0.02%。盈利预测方面，2024年公司净利润为负值，基本面仍承压。市场观点认为，控制权变更后需关 注新股东带来的整合效果。 ...

证券日报网讯 2月4日，天迈科技发布公告称，公司于 2026 年 1 月 28 日召开2026 年第一次临时股东 会、2026 年第一次职工代表大会、第五届董事会第一次会议及专门委员会会议，完成了董事会及其专 门委员会的换届选举和高级管理人员的聘任，董事会选举王欣女士为公司董事长，并决定王欣女士担任 公司法定代表人。具体内容详见公司刊登于中国证监会指定的创业板信息披露网站巨潮资讯网上的相关 公告。近日，公司完成了法定代表人的工商变更登记和董事、高级管理人员的备案登记，并取得了郑州 市市场监督管理局换发的营业执照。 （文章来源：证券日报） ...

证券代码：300807 证券简称：天迈科技 公告编号：2026-020 郑州天迈科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 郑州天迈科技股份有限公司（以下简称"公司"）于 2026 年 1 月 28 日召开 2026 年第一次临时股东会、2026 年第一次职工代表大会、第五届董事会第一次 会议及专门委员会会议，完成了董事会及其专门委员会的换届选举和高级管理 人员的聘任，董事会选举王欣女士为公司董事长，并决定王欣女士担任公司法 定代表人。具体内容详见公司刊登于中国证监会指定的创业板信息披露网站巨 潮资讯网上的相关公告。 近日，公司完成了法定代表人的工商变更登记和董事、高级管理人员的备 案登记，并取得了郑州市市场监督管理局换发的营业执照，营业执照登记信息 如下： 统一社会信用代码：91410100760248041Q 名称：郑州天迈科技股份有限公司 类型：股份有限公司(上市、自然人投资或控股) 住所：郑州市高新区莲花街 316 号 10 号楼 106-606 号房、108-608 号房 法定代表人：王欣 ...

郑州天迈科技股份有限公司 证券代码：300807 证券简称：天迈科技 公告编号：2026-019 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务 所审计。公司已就业绩预告有关事项与年审会计师事务所进行了预沟通，公司 与会计师事务所在本报告期的业绩预告方面不存在分歧。 三、业绩变动原因说明 2025 年度业绩预告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 | 项目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | -3,000 | ～ | -1,500 | -5,930.62 | | 扣除非经常性损益后的净利润 | -3,500 | ～ | -2,000 | -6,082.75 | 二、与会计师事务所沟通情况 报告期内，公司主营业务经营稳健，净利润亏损较上年同期有所收窄 ...

中证报中证网讯(王佳飞熊永红)1月28日晚间，天迈科技（300807）公告称，公司完成了董事会换届选 举及高级管理人员聘任工作，王欣当选为公司董事长。 公告显示，董事会由7名成员组成，含非独立董事3名、独立董事3名及职工代表董事1名。董事长王欣出 生于1983年9月，研究生学历，毕业于复旦大学及中欧国际工商学院，曾任职法新社上海分社、亿康先 达国际人力资源咨询有限公司，2012年3月起加入启明维创创业投资管理(上海)有限公司，现任合伙 人。王欣没有直接持有公司股份，但通过关联合伙企业间接持股。 高管团队方面，刘洪宇任总经理，渠华、周亮任副总经理，吴利伟任董事会秘书，宋明晓任财务总监， 其中吴利伟已取得董秘资格证书。同时，创始人郭建国不再担任公司任何职务，公司对其贡献表示感 谢。 此次换届背后是公司控制权的变更。天迈科技此前公告显示，1月6日，原控股股东郭建国及其一致行动 人向苏州启辰衡远股权投资合伙企业(有限合伙)(以下简称"苏州启辰")转让的1775.67万股股份完成过 户，占总股本26.10%。苏州启辰成为第一大股东，其实际控制人为邝子平。此前郭建国已签署表决权 放弃确认函，放弃所持10%股份表决权。 ...

证券日报网讯1月28日，天迈科技（300807）发布公告称，公司于2026年1月28日召开2026年第一次职工 代表大会，经与会职工代表表决，同意选举戴林璇先生为公司第五届董事会职工代表董事。 ...

郑州天迈科技股份有限公司 第五届董事会董事及高级管理人员薪酬方案 证券代码：300807 证券简称：天迈科技 公告编号：2026-017 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 为促进公司健康持续发展，充分调动公司董事、高级管理人员的积极性和 创造性，提高公司的经营效益。根据《公司章程》《郑州天迈科技股份有限公 司董事、高级管理人员薪酬管理制度》，结合公司经营发展实际情况并参考行 业、地区薪酬水平，公司第五届董事、高级管理人员薪酬方案如下： 一、适用对象 公司第五届董事会董事、高级管理人员。 二、适用期限 上述董事薪酬方案自公司股东会审议通过后生效并自选举产生第五届董事 会之日起实施，至新的薪酬方案审议通过后失效。高级管理人员薪酬方案自第 五届董事会第一次会议聘请新一届高级管理人员之日起实施，至新的薪酬方案 审议通过后失效。 三、公司董事薪酬/津贴标准 （一）非独立董事 非独立董事不在公司负责具体管理工作的，不领取董事津贴。 （二）独立董事 独立董事津贴标准为 10 万元/年，按月支付。 四、公司高级管理人员薪酬标准 高级管理人员实行年薪制，其薪酬由基本 ...