Core Insights - The number of shareholders for the company Shankai Intelligent decreased to 7,752 as of November 20, representing a reduction of 455 shareholders or a decline of 5.54% compared to the previous period [2] - The closing price of Shankai Intelligent was 22.87 yuan, down 3.58%, with a cumulative decline of 7.89% since the concentration of shares began [2] - The latest margin trading data shows a total margin balance of 80.91 million yuan, with a decrease of 2.51% or 2.08 million yuan during the same period [2] - The company's third-quarter report indicated a total revenue of 380 million yuan, a year-on-year decrease of 22.56%, and a net profit of 26.15 million yuan, down 59.34% year-on-year, with basic earnings per share of 0.1900 yuan and a weighted average return on equity of 2.66% [2]

Group 1 - The company, Shanke Intelligent, reported that as of November 10, 2025, the number of shareholders is 8,207 [2]

Core Viewpoint - The planned change of control for Shankai Intelligent (山科智能) has been halted due to the failure of the acquiring party, Changjiang Aerospace (长江航天), to obtain necessary approvals from the relevant state-owned asset regulatory authorities [1][4]. Summary by Sections Company Overview - Shankai Intelligent was established in 1999 and primarily produces smart water meters, intelligent water management products, and related software integration products. The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 28, 2020 [1]. Share Transfer Agreement - On July 16, 2025, shareholders of Shankai Intelligent signed a share transfer agreement with Changjiang Aerospace, where multiple shareholders planned to transfer a total of 27,619,091 shares, representing 19.70% of the company's total share capital [2][3]. Voting Rights Waiver Agreement - Alongside the share transfer, a voting rights waiver agreement was signed, where shareholders agreed to waive their voting rights for the remaining shares they hold for 36 months post-transfer [3]. Termination of Control Change - The control change transaction was terminated due to Changjiang Aerospace's inability to secure the necessary approvals from state asset regulatory authorities, leading to the signing of a termination agreement on November 7, 2025 [4]. Market Context and Implications - The New District of Wuhan had high expectations for controlling a listed company like Shankai Intelligent, marking a significant shift from "land finance" to "equity finance" for the district [4]. Key Personnel Issues - A key figure in the transaction, Li Yajun, was reported to have been detained a month prior to the termination of the deal, raising concerns about the transaction's viability [5].

Group 1 - The core viewpoint of the news is that 山科智能 (ShanKe Intelligent) has experienced a decline in stock price and financial performance, with significant drops in revenue and net profit year-on-year [1][2]. - As of November 12, the stock price of 山科智能 was 24.90 CNY per share, with a market capitalization of 3.49 billion CNY and a year-to-date increase of 43.73% [1]. - The company has seen a decrease in stock performance over various time frames, including a 3.11% drop in the last five trading days and a 19.76% drop over the last 20 days [1]. Group 2 - 山科智能's main business involves the research, production, sales, and service of smart remote water meters, measurement sensors, and related systems, with 79.12% of revenue coming from smart remote water meters [1]. - As of October 31, the number of shareholders increased by 4.86% to 7,612, while the average circulating shares per person decreased by 4.64% to 11,484 shares [2]. - For the period from January to September 2025, 山科智能 reported a revenue of 380 million CNY, a year-on-year decrease of 22.56%, and a net profit of 26.15 million CNY, down 59.34% year-on-year [2]. Group 3 - 山科智能 has distributed a total of 216 million CNY in dividends since its A-share listing, with 127 million CNY distributed over the past three years [3].

Group 1 - The core viewpoint of the news is that 山科智能 (ShanKe Intelligent) has experienced fluctuations in its stock price and financial performance, with a notable increase in stock price earlier this year but a recent decline in the last few trading days [1][2] - As of November 11, the stock price of 山科智能 is 25.34 yuan per share, with a market capitalization of 3.553 billion yuan and a year-to-date stock price increase of 46.27% [1] - The company has seen a decrease in revenue and net profit for the first nine months of 2025, with revenue of 380 million yuan, down 22.56% year-on-year, and a net profit of 26.15 million yuan, down 59.34% year-on-year [2] Group 2 - 山科智能's main business involves the research, production, sales, and service of various intelligent remote water meters, measurement sensors, and related systems, with the majority of revenue coming from intelligent remote water meters and sensors, accounting for 79.12% of total revenue [1] - The company has a total of 7,612 shareholders as of October 31, with an average of 11,484 circulating shares per shareholder, indicating a slight increase in shareholder numbers but a decrease in average shares held [2] - Since its A-share listing, 山科智能 has distributed a total of 216 million yuan in dividends, with 127 million yuan distributed over the past three years [3]

Core Viewpoint - The ownership transfer of Shankai Intelligent has been terminated due to the failure to obtain necessary approvals from the relevant state-owned asset regulatory authorities, raising questions about the underlying reasons for the termination and the company's information disclosure practices [1][2][3]. Group 1: Ownership Transfer Details - Shankai Intelligent announced the termination of the ownership transfer agreement on November 7, citing the lack of approval from state-owned asset regulatory authorities as the reason [2][3]. - The agreement stipulated that the transfer would only take effect upon approval from the shareholders' meeting and the relevant regulatory bodies, which has not been fulfilled [2][3]. - The transfer was initially approved by the local state-owned asset supervision authority, but further approvals from higher-level authorities were required, leading to confusion regarding the approval process [3][4]. Group 2: Key Individuals and Events - Li Yajun, a key figure in the ownership transfer, was detained a month prior to the announcement, which has raised concerns about the legitimacy of the transaction [4][5]. - Li Yajun played a significant role in the transaction, holding a board position at Changjiang Aerospace and being involved with major shareholders [5][6]. - The sudden termination of the ownership transfer followed a report highlighting Li Yajun's situation, indicating a potential link between his legal troubles and the transaction's collapse [1][6]. Group 3: Market Reactions and Stock Performance - Following the announcement of the termination, Shankai Intelligent's stock price experienced a significant drop, with a peak decline of 6% and a closing drop of 1.08% [6]. - Prior to the suspension of trading, the stock had seen a notable increase of 38% over 13 trading days, raising suspicions among investors regarding the timing of the price movements [7][8]. - New shareholders emerged just before the stock price surge, but they disappeared from the top ten shareholders list in the subsequent quarterly report, indicating potential volatility in shareholder composition [8][9].

Core Viewpoint - The ownership transfer of Shankai Intelligent has been terminated due to the failure to obtain necessary approvals from the relevant state-owned asset regulatory authorities, raising questions about the true reasons behind the termination and the company's information disclosure practices [2][3][4]. Group 1: Ownership Transfer Details - In July, Shankai Intelligent announced that its actual controller team intended to transfer control to Hubei Yangtze River Aerospace Technology Investment Co., Ltd., which had been established for only a month [2]. - The termination of the transfer agreement was officially announced on November 7, citing the lack of approval from the state-owned asset regulatory authority as the reason [3][4]. - The agreement stipulated that it would only become effective upon the approval of the relevant regulatory bodies, which has not been achieved [3][4]. Group 2: Key Individuals and Events - Li Yajun, a key figure in the ownership transfer, was detained a month prior to the announcement, which has raised concerns about the transaction [5][6]. - Li Yajun played a significant role in the transaction, holding a director position in Yangtze River Aerospace and having stakes in its major shareholders [5][6]. Group 3: Market Reactions and Stock Performance - Following the announcement of the termination, Shankai Intelligent's stock price experienced a significant drop, with a peak decline of 6% and a closing drop of 1.08% to 24.83 yuan [6]. - Prior to the suspension of trading, the stock had seen a notable increase of 38% over 13 trading days, raising investor suspicions about the timing of the price movements [7][8]. - New individual shareholders emerged in the top ten circulating shareholders list before disappearing shortly after, indicating potential speculative trading activity [8][9].

Core Viewpoint - The company Shankai Intelligent (300897) announced the termination of a control change plan due to the failure of the buyer, Changjiang Aerospace, to obtain necessary approvals from the relevant state-owned asset regulatory authorities [1] Group 1 - The shareholders of Shankai Intelligent, including Qian Bingjiong, Cen Tengyun, Ji Yongcong, Wang Xuezhou, Hu Shaoshui, Shengjie Investment, Li Yufeng, and Shengying Investment, issued a notice regarding the termination of the share transfer agreement [1] - The share transfer agreement's effectiveness condition has not been met, leading to the signing of a termination agreement on November 7, 2025 [1] - The company and Changjiang Aerospace agreed to terminate the planned change of control [1]

Core Viewpoint - The share transfer and voting rights waiver agreements between the shareholders of Shankong Intelligent and Hubei Changjiang Aerospace Technology Investment Co., Ltd. have been terminated due to the failure of the acquirer to obtain necessary approvals from the relevant state-owned asset regulatory authority [1] Group 1 - The agreements were signed on November 7, 2025, and were terminated because the conditions for the agreements to take effect were not met [1] - The termination of the share transfer and voting rights waiver agreements will not impact the company's governance structure or its ongoing operations [1]

证券代码：300897 证券简称：山科智能 公告编号：2025-069 杭州山科智能科技股份有限公司 终止协议转让暨终止控制权变更的公告 本公司股东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。 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。 近日，杭州山科智能科技股份有限公司（以下简称"公司"）收到公司股东 钱炳炯先生、岑腾云先生、季永聪先生、王雪洲先生、胡绍水先生、杭州晟捷投 资管理合伙企业（有限合伙）（以下简称"晟捷投资"）、李郁丰先生、杭州晟 盈投资管理合伙企业（有限合伙）（以下简称"晟盈投资"）出具的《告知函》， 获悉其与湖北长江航天科创产业投资有限公司（以下"长江航天"）于 2025 年 7 月 16 日签署的《股份转让协议》、公司股东钱炳炯先生、岑腾云先生、季永 聪先生、王雪洲先生、胡绍水先生与长江航天于 2025 年 7 月 16 日签署的《表决 权放弃协议》暨公司控制权拟发生变更事项的相关交易终止，现将相关事项公告 如下： 一、本次股份协议转让事项概述 1 1.02%）转让给长江航天；晟捷投资拟将其持有的公司 7, ...