证券代码：300950 证券简称：德固特 公告编号：2025-076 青岛德固特节能装备股份有限公司 第五届董事会第十三次会议决议公告 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。 一、董事会会议召开情况 青岛德固特节能装备股份有限公司（以下简称"公司"）第五届董事会第十三 次会议于 2025 年 12 月 11 日以现场结合通讯表决的方式在公司会议室召开，会 议通知于 2025 年 12 月 8 日以电子邮件、书面、电话等方式向全体董事发出。会 议由董事长魏振文先生召集并主持，会议应出席董事 9 人，实际出席董事 9 人， 公司全体高级管理人员列席了本次会议。会议的召集、召开和表决程序符合《公 司法》和《公司章程》的相关规定。 （一）审议通过了《关于调整 2022 年限制性股票激励计划授予 价格的议案》 公司于 2024 年 6 月 3 日披露了《2023 年年度权益分派实施公告》，以公司 当时总股本 150,480,000 股为基数，向全体股东每 10 股派发现金股利 1.50 元（含 税），并于 2024 年 6 月 11 日实施完毕。公司于 2025 ...

北京市金杜（青岛）律师事务所 关于青岛德固特节能装备股份有限公司 2022 年限制性股票激励计划授予价格调整、 部分已授予尚未归属限制性股票作废及第三个归属期归属条件成就事项的 法律意见书 致：青岛德固特节能装备股份有限公司 北京市金杜（青岛）律师事务所（以下简称"金杜"或本所）受青岛德固特 节能装备股份有限公司（以下简称德固特或公司）委托，作为其实施 2022 年限制 性股票激励计划（以下简称本次激励计划、本激励计划或本计划）的专项法律顾 问，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）、中国证券监督管理委员会（以下简称中国 证监会）《上市公司股权激励管理办法》1（以下简称《管理办法》）等法律、行 政法规、部门规章及规范性文件（以下简称法律法规）和《青岛德固特节能装备 股份有限公司章程》（以下简称《公司章程》）以及公司为本次激励计划拟定的 《青岛德固特节能装备股份有限公司 2022 年限制性股票激励计划（草案）》（以 下简称《激励计划（草案）》）的有关规定，就公司本次授予价格调整（以下简 称本次调整）、部分限制性股票作废（以下简称本次作废）及第三个归属 ...

证券代码：300950 证券简称：德固特 青岛德固特节能装备股份有限公司 投资者关系活动记录表 编号：2025-005 投资者关系活 动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑ 其他（投资者说明会） 参与单位名称 及人员姓名 线上参与公司终止筹划重大资产重组投资者说明会的全体投资者 时间 2025 年 12 月 09 日 15：00-17：00 地点 价值在线（https://www.ir-online.cn/）网络互动 上市公司接待 人员姓名 董事长 魏振文 董事、总经理 宋超 董事、副总经理、财务总监、董事会秘书 高琳琳 独立财务顾问代表 标的公司代表 投资者关系 活动主要内 容介绍 1、 1、公告提及终止原因是"交易价格、交易方案等核心条款未达成一致"， 能否具体说明双方的核心分歧点是什么？是交易对价的估值差异（比如公 司与交易对方对浩鲸云的估值预期差距大概多少），还是支付方式、业绩 承诺等方案设计层面的分歧？2、此次重组从筹划到终止历经了多长时 间？在终止前，公司是否已完成对浩鲸云的初步尽调？尽调过程中是否发 现标的方存在业绩真实性、资产瑕 ...

Core Viewpoint - The company, DeGute, is experiencing a decline in stock price and revenue, but it is positioned in several growth sectors such as carbon neutrality, hydrogen energy, and specialized equipment manufacturing, which may present future opportunities for recovery and growth [1][9]. Group 1: Company Performance - On December 9, DeGute's stock fell by 2.19%, with a trading volume of 71.58 million yuan and a market capitalization of 3.545 billion yuan [1]. - For the period from January to September 2025, DeGute reported a revenue of 382 million yuan, a year-on-year decrease of 9.29%, and a net profit attributable to shareholders of 72.26 million yuan, down 26.39% year-on-year [9]. - The company has distributed a total of 87.668 million yuan in dividends since its A-share listing, with 67.668 million yuan distributed over the past three years [10]. Group 2: Industry Position and Innovations - DeGute has developed a high-temperature air preheater for gasification, which can increase production by 45% and save fuel by 9.3% to 13.2%, contributing to reduced carbon emissions [2]. - The company has been recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [2]. - DeGute has entered the hydrogen energy production sector, providing energy-saving heat exchange and storage equipment, and has the capability to design and produce hydrogen storage devices [2][3]. Group 3: Market Dynamics - As of the latest report, 59.28% of DeGute's revenue comes from overseas markets, benefiting from the depreciation of the yuan [4]. - The company operates in the specialized equipment sector, focusing on energy and heavy equipment, and is involved in various concept sectors including carbon neutrality and hydrogen energy [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 一、董事会会议召开情况 青岛德固特节能装备股份有限公司（以下简称"公司"）第五届董事会第十二次会议于2025年12月3日以 现场结合通讯表决的方式在公司会议室召开，会议通知于2025年11月29日以电子邮件、书面、电话等方 式向全体董事发出。会议由董事长魏振文先生召集并主持，会议应出席董事9人，实际出席董事9人，公 司全体高级管理人员列席了本次会议。会议的召集、召开和表决程序符合《公司法》和《公司章程》的 相关规定。 二、董事会会议审议情况 经与会董事认真审议，形成以下决议： 本议案已经公司董事会审计委员会、董事会战略委员会、独立董事专门会议审议通过，并同意提交公司 董事会审议。公司独立董事已就本议案发表了同意的独立意见。 表决结果：赞成9票，反对0票，弃权0票，审议通过。 三、备查文件 1、第五届董事会第十二次会议决议； （一）审议通过了《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》 经公司第五届董事会第九次会议审议，公司拟通过发行人民 ...

Summary of Key Points Core Viewpoint - Several shareholders from various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the market [1]. Shareholder Reductions - Del Shares: Fund Wuxu No. 15 plans to reduce its stake by no more than 2.98% [1] - Bangjie Shares: Suzhou Qingsong intends to reduce its stake by no more than 0.87% [1] - Huakai Yibai: Shareholder Zhou Xinhua plans to reduce his stake by no more than 2.91% [1] - Tianshan Aluminum: The actual controller intends to reduce his stake by no more than 1% [1] - Jianlang Hardware: Bai Baoping plans to reduce his stake by no more than 0.86% [1] - Tengda Technology: Tengzhong Investment intends to reduce its stake by no more than 0.8% [1] - Meikailong: Shareholder Hangzhou Haoyue plans to reduce its stake by no more than 131 million shares [1] - Anfu Technology: Shareholder Qin Daqian intends to reduce his stake by no more than 257,820 shares [1] - Weisaibo: Hong Kong Weisaibo plans to reduce its stake by no more than 2.99% [1] - Guoguang Chain: Shareholder Hu Jingen plans to reduce his stake by 6.772 million shares [1] - Guobote Electronics: Shareholder Zhongdian Ke Guowei plans to reduce his stake by 2.608 million shares [1] - Shijitianhong: Zhihong Education has cumulatively reduced its stake by 3% [1] - Delong Laser: Chairman and General Manager Zhao Yuxing has cumulatively reduced his stake by 1.82% [1] Other Notable Events - Degute: The company has terminated its plans for a major asset restructuring [1] - Guizhou Bailing: Actual controller Jiang Wei has received a notice of investigation from the Securities Regulatory Commission [1]

公告发布后，德固特股票于2025年7月14日开市起复牌，复牌当日"20cm"涨停，三个交易日里大涨58.96%。后续过程中，公司11月7日晚间披露了拟终止 重大资产重组的提示性公告，随后公司股价连续下跌，最新价较年内高点跌幅超过40%。 对于终止重大资产重组交易的原因，德固特曾在公告中表示，2025年11月6日，公司收到浩鲸科技发出的《关于交易事项的反馈》。考虑到在有效时间窗 口内难以形成满足各方诉求的方案，公司拟与交易相关方商议终止本次重大资产重组交易。 今年前三季度，德固特业绩相对承压，实现营业收入3.82亿元，同比下降9.29%；实现归母净利润0.72亿元，同比下降26.39%。 （文章来源：证券时报网） 德固特终止筹划重大资产重组事项 12月3日晚间，德固特(300950)公告，公司于2025年12月3日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》，同意终止本次重大资产重组事项。 德固特在公告中表示，截至本公告披露之日，公司与交易相关方尚未就具体方案最终签署正式实质性协议，各方对拟终止本次交易无需承担任何违约责 任。本次终止重大资产重 ...

Core Viewpoint - The news highlights the recent stability of tin prices above 300,000 yuan per ton and the positive performance of companies in the tin industry, driven by supply constraints and increasing demand from emerging sectors like semiconductors and consumer electronics [1][5][7]. Tin Price and Market Dynamics - Tin futures reached a three-and-a-half-year high, with the main contract peaking at 314,100 yuan per ton, marking a 2.72% increase [5][18]. - The average spot price of tin on December 3 was 309,700 yuan per ton, up 5,630 yuan from the previous trading day, maintaining above 300,000 yuan for five consecutive days [5][18]. - The rise in tin prices is attributed to tight supply from Myanmar and positive macroeconomic expectations, including a high probability of a Federal Reserve interest rate cut [7][20]. Demand Drivers - The demand for tin is primarily driven by the semiconductor industry, which is expected to see a 19.1% increase in global sales in 2024, reaching $627.6 billion [7][20]. - Tin solder demand is projected to grow at a rate of 5% to 7% in 2025, supported by the recovery of the global economy and advancements in new industries [7][20]. Company Performance and Stock Market Reaction - Seven listed companies in the A-share market are involved in the tin industry, with significant investor interest due to rising tin prices [8][21]. - The average stock price increase for tin-related companies this year is 113.08%, with notable gains from companies like Xingye Silver Tin and Shengtun Mining, which saw increases of 226.33% and 160.32%, respectively [8][21]. - In the first three quarters, these companies collectively achieved a net profit of 43.314 billion yuan, a year-on-year increase of 47.47% [9][22]. Individual Company Highlights - Zijin Mining reported a net profit of 37.864 billion yuan in the first three quarters, up 55.45% year-on-year, with significant tin reserves [9][22][23]. - Xiyang Tin achieved a net profit of 1.745 billion yuan, reflecting a 35.99% increase year-on-year, maintaining its position as the largest tin producer globally [10][23]. - Institutional interest is high, with Zijin Mining and Xiyang Tin receiving the most ratings from analysts, indicating strong market confidence [10][23][24].

Core Viewpoint - The company, Degute (300950), has officially terminated its planned acquisition of Haowei Cloud Computing Technology Co., Ltd. after failing to reach an agreement on key terms during a five-month restructuring process [1][2]. Group 1: Restructuring Process - The restructuring process began in June 2023, with the company planning to acquire 100% of Haowei Technology's shares through a combination of stock issuance and cash payment [1]. - The company faced challenges in reaching consensus on transaction pricing and performance commitments, leading to the termination of the deal [2][3]. - The stock was suspended on June 30, 2023, and resumed trading on July 14, 2023, with the stock price experiencing a peak increase of 82% post-resumption before declining over 40% by December 3, 2023 [2]. Group 2: Financial Performance and Impact - Degute reported a 26.39% year-on-year decline in net profit attributable to shareholders for the first three quarters of 2025, highlighting the competitive pressures in its core industry [1]. - The company emphasized that the termination of the restructuring will not adversely affect its normal business operations or production [3]. - As of the third quarter, Degute's net cash flow from operating activities reached 60.55 million, a significant increase of 1447.22% year-on-year, indicating resilience in its core business [4].

Group 1: Acquisition and Restructuring - Wanlong Optoelectronics is planning to acquire control of Zhejiang Zhongkong Information Industry Co., Ltd. through a combination of issuing shares and cash payments, along with purchasing shares from other shareholders, while raising matching funds. This transaction is expected to constitute a major asset restructuring but will not result in a restructuring listing. The company's securities will be suspended from trading starting December 4, 2025, with the transaction plan to be disclosed within 10 trading days [1] - Degute has announced the termination of its planned major asset restructuring, which involved acquiring 100% of Haowei Cloud Computing Technology Co., Ltd. through issuing shares and cash payments. The board approved the termination and signed a release agreement with the parties involved in the transaction [2] Group 2: Performance Disclosure - Qianli Technology reported that its total vehicle sales in November 2025 reached 9,504 units, a year-on-year increase of 63.44%. However, the sales of new energy vehicles fell to 1,201 units, representing a significant year-on-year decline of 43.98% [3] Group 3: Shareholding Changes - Tianshan Aluminum's actual controllers, Zeng Chaoyi and Zeng Chaolin, have announced a plan to reduce their holdings by up to 45.899 million shares, which accounts for 1% of the company's total share capital, within three months after a 15 trading day period following the announcement [4] - Weisaibo's controlling shareholder, Weisaibo Environmental Materials Holdings Co., Ltd., plans to reduce its holdings by up to 520,000 shares, representing 2.99% of the company's total share capital, between December 26, 2025, and March 25, 2026 [5] - Anfu Technology's shareholder, Qin Daqian, intends to reduce his holdings by no more than 257,820 shares, which is also 1% of the company's total share capital [6] Group 4: Risk Matters - Yuntianhua announced that its wholly-owned subsidiary, Yunnan Phosphate Group Co., Ltd., needs to pay a total of 386 million yuan in overdue resource taxes and penalties, including 293 million yuan in resource taxes and 92.645 million yuan in late fees, covering the period from 2022 to October 2025 [7] - Guizhou Bailing disclosed that its actual controller, Jiang Wei, has been notified of an investigation by the China Securities Regulatory Commission for suspected insider trading and violations of information disclosure regulations, leading to a formal case being opened against him [8] - Antai Group's stock has experienced abnormal fluctuations, with a cumulative price increase of 20% over two consecutive trading days. The company reported net losses of 678 million yuan, 335 million yuan, and 156 million yuan for the first three quarters of 2023 to 2025, indicating uncertain future profitability. Additionally, the company has a guarantee balance of 2.538 billion yuan, which is 167.68% of its net assets as of the end of 2024, and all shares held by the controlling shareholder are pledged, prompting a risk warning for investors [9]