Group 1 - Semiconductor Manufacturing International Corporation (SMIC) plans to acquire 47% equity in SMIC North, with due diligence and evaluation processes still ongoing [1][2] - Zhuhai Gree Supply Chain intends to convert a debt of 200 million yuan into equity to increase capital for Shenzhen Haoneng Technology, changing its status from a wholly-owned subsidiary to a controlling subsidiary [3] - China Huadian Corporation is set to invest 12.043 billion yuan in a combined heat and power generation project integrated with renewable energy in Heilongjiang [4] Group 2 - Yong'an Pharmaceutical announces that some directors and senior management plan to reduce their holdings by up to 0.0799% of the total shares [5] - Lihua Co. reports a 11.44% year-on-year increase in chicken sales revenue for October, totaling 1.461 billion yuan [6] - Degu Technology intends to terminate the acquisition of 100% equity in Haowei Technology due to difficulties in meeting the demands of all parties involved [7] Group 3 - Guocheng Mining plans to pay 3.168 billion yuan in cash to acquire 60% equity in Guocheng Industrial [8] - Yingtang Intelligent Control intends to acquire 100% equity in Guanglong Integration and 80% equity in Aojian Microelectronics, with stock resuming trading on November 10 [9] - Shanshan Holdings announces that its actual controller and major shareholder have divorced, resulting in a change in control [10] Group 4 - Nutaige plans to invest 100 million yuan to establish a wholly-owned subsidiary focused on robotics and related components [11] - Chengxing Co. reports that its Jiangyin factory is currently under temporary shutdown for rectification due to a raw material leak [12] - Xindong Holdings announces that its shareholder Hainan Zhuhua plans to reduce its stake by up to 3% [13] Group 5 - Yonghui Supermarket's vice president has completed a share reduction of 0.0012% [14] - Xi'an Tourism plans to issue A-shares to raise no more than 300 million yuan for working capital and bank loan repayment [15] - Xiaogoods City has successfully acquired land use rights for a commercial site in Yiwu for 3.223 billion yuan [16][17] Group 6 - Tongda Chuangzhi announces a cash dividend of 6 yuan per 10 shares for the 2025 interim period [18] - Shen Nan Electric A received a government subsidy of 8.0518 million yuan, accounting for 36.75% of its last fiscal year's net profit [19] - Founder Technology's subsidiary plans to invest 1.364 billion yuan in an AI expansion project in Chongqing [20] Group 7 - Hezhong China reports significant stock trading fluctuations, indicating a "hot potato" effect [21] - Hengrui Medicine's subsidiary has received approval for clinical trials of SHR-4610 injection for late-stage solid tumors [22] - Sihua Holdings announces the termination of a restructuring investment agreement and continues to seek potential investors [23] Group 8 - Yingwei Technology's subsidiary has won a 27.78% share of a project from China Mobile [24] - Dabeinong reports a 45.20% year-on-year increase in pig sales for October, totaling 5.79 billion yuan [25] - Meihua Biotech's major shareholder has been sentenced for market manipulation, but it does not affect the company's operations [26] Group 9 - Zhongyi Da plans to terminate the issuance of A-shares to specific investors [27] - Zhongji Oil and Gas has received a notice of investigation from the China Securities Regulatory Commission regarding trading violations [28] - China International Trade Corporation announces the resignation of its chairman due to work reasons [29] Group 10 - GAC Group reports a decline in October vehicle sales by 8.10% [30] - Dameng Data has invested 100 million yuan to establish an investment fund focused on the database industry [31] - Zhengbang Technology reports a 78.08% year-on-year increase in pig sales revenue for the first ten months [32] Group 11 - Shanghai Xiba has announced that its directors are under investigation for suspected short-term trading [33] - Changgao Electric New has won a bid for a project from the State Grid worth 246 million yuan [34] - Jianghuai Automobile reports a 5.49% increase in October sales [35] Group 12 - Xintian Green Energy reports a 20.97% year-on-year decrease in power generation for October [36] - Luokang Pharmaceutical's products have been selected in the national centralized procurement [37] - Zhongyuan Home intends to invest 16 million USD in a self-built production base in Vietnam [38] Group 13 - Changcheng Technology has terminated plans for a control change and will resume trading on November 10 [39] - Poly Development reports a significant decrease in signed sales area and amount for October [40] - Wanhua Chemical's MDI phase II facility will undergo maintenance starting November 15 [41]

Core Viewpoint - Degute's planned major asset restructuring is likely to be terminated due to the inability to reach a satisfactory agreement among the parties involved within the effective time window [1][2]. Group 1: Restructuring Announcement - Degute announced the termination of the acquisition of 100% equity in Haowei Cloud Computing Technology Co., Ltd. due to the lack of a finalized substantial agreement among the parties [1]. - The termination of the major asset restructuring will not adversely affect the company's normal business operations [1]. Group 2: Background of the Acquisition - The acquisition was first announced on June 29, with a transaction proposal disclosed on July 13, aiming to purchase Haowei Technology through a combination of share issuance and cash payment [2]. - Haowei Technology provides digital and intelligent solutions to global telecom operators, cloud infrastructure service providers, and enterprise clients, with significant overseas operations in 20 countries [2]. Group 3: Strategic Rationale - Degute aimed to diversify its business from energy-saving equipment manufacturing to software and IT services through this acquisition, which was expected to create a second growth curve and accelerate the transition to new productive forces [2][3]. - The company highlighted that horizontal integration was limited by market space and competition, and that leveraging existing multi-industry experience in the digital field could enhance its competitive advantage [3]. Group 4: Financial Performance - In the first three quarters of the year, Degute reported revenue of 382 million, a year-on-year decrease of 9.29%, and a net profit of 72.26 million, down 26.39% [3]. - The company maintained a gross margin of 40.39%, an increase of 0.62 percentage points year-on-year, attributed to its international strategy [3]. - As of June 30, 2025, Degute had an order backlog of 558 million, an increase of 8.35% year-on-year, with overseas project orders accounting for 41.22% of the total [3].

Group 1 - The core point of the article is that Degute (300950.SZ) has decided to terminate its major asset restructuring transaction with Haowei Technology due to disagreements on valuation and performance commitments among key stakeholders [1] - Degute's Q3 total revenue was 132 million yuan, a year-on-year decrease of 10.46%, while the net profit attributable to shareholders was 23.23 million yuan, down 22.2% year-on-year [1] - The company's gross margin improved by 1.57 percentage points to 40.39%, but the proportion of operating expenses (selling, administrative, and financial expenses) to revenue increased significantly to 12.07%, up 73.82% from 6.95% in the same period last year [1] Group 2 - Degute's interest-bearing debt surged from 4.46 million yuan in the same period last year to 94.74 million yuan, an increase of 2025.49%, indicating a sharp rise in debt burden [1] - Accounts receivable reached 122 million yuan, reflecting a year-on-year growth of 6.69% [1] - The company reported a significant improvement in cash flow, with operating cash flow per share reaching 0.4 yuan, a year-on-year increase of 1429.55% [2]

Core Viewpoint - The company, Degute (300950.SZ), is planning to terminate its major asset restructuring transaction due to difficulties in forming a satisfactory plan for all parties involved [1] Group 1: Asset Restructuring Progress - Since the announcement of the major asset restructuring, the company has been steadily advancing the necessary work, including auditing and evaluation, in accordance with relevant laws and regulations [1] - The company received feedback from the target company, Haowei Cloud Computing Technology Co., Ltd., regarding the transaction on November 6, 2025 [1] Group 2: Termination of Transaction - The company intends to negotiate with the transaction parties to terminate the major asset restructuring transaction due to the challenges in meeting the demands of all parties within the effective time window [1] - Further discussions and negotiations are required to reach a final agreement on the termination, and the transaction parties must complete their internal review processes before signing a termination agreement [1] - The timeline for the completion of the internal review processes by the transaction parties remains uncertain [1]

德固特（300950）(300950.SZ)公告，公司此前拟通过发行股份及支付现金的方式购买浩鲸科技100%股 权并募集配套资金。公司于2025年11月6日收到浩鲸云计算科技股份有限公司("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。 ...

智通财经APP讯，德固特(300950.SZ)公告，公司此前拟通过发行股份及支付现金的方式购买浩鲸科技 100%股权并募集配套资金。公司于2025年11月6日收到浩鲸云计算科技股份有限公司("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。 ...

德固特公告，公司拟通过发行股份及支付现金的方式购买浩鲸科技100%股权并募集配套资金。由于在 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。 ...

证券代码：300950 证券简称：德固特 公告编号：2025-070 青岛德固特节能装备股份有限公司 关于拟终止重大资产重组的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重大内容提示： 自筹划重大资产重组事项以来，青岛德固特节能装备股份有限公司（以下简称 "公司"或"上市公司"）按照相关法律法规要求，稳步推进本次重大资产重组包 括审计和评估在内的各项工作。2025 年 11 月 6 日，公司收到浩鲸云计算科技股份 有限公司（以下简称"标的公司"或"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。公司与交易相关方尚需就上述终止事项在进一步洽谈 协商的基础上达成最终一致，且需交易相关方履行内部审议程序并最终签订终止协 议，交易相关方最终完成内部审议程序以及所需时间具有不确定性。同时，上述终 止事项最终需经公司董事会履行相应审批手续。 一、本次重大资产重组的基本情况 公司拟通过发行股份及支付现金的方式购买浩鲸科技 1 ...

Core Points - The company, Degute (300950), reported that as of October 31, 2025, the number of shareholders is 15,738 [1] Summary by Category - **Company Information** - As of October 31, 2025, the total number of shareholders for Degute is 15,738 [1]

Core Viewpoint - The company, DeGute, is experiencing a decline in stock price and trading volume, while also engaging in strategic acquisitions and innovations in energy efficiency and AI technology [1][4]. Group 1: Company Performance - On October 30, DeGute's stock fell by 3.75%, with a trading volume of 178 million yuan and a market capitalization of 4.969 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 [8]. Group 2: Strategic Initiatives - The company is developing high-temperature air preheaters for gasification, which can increase production by 45% and save fuel by 9.3% to 13.2%, contributing to carbon emission reduction [2]. - DeGute plans to acquire 100% of Whale Cloud Computing Technology Co., Ltd. through a combination of issuing ordinary shares and cash, making it a wholly-owned subsidiary [3]. - Whale Cloud is focused on AI and cloud computing, aiming to create a comprehensive AI-driven architecture for enterprises [3]. Group 3: Industry Positioning - DeGute has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [2]. - The company has entered the hydrogen energy production sector, providing energy-saving heat exchange and storage equipment, and possesses the design qualifications for pressure vessels [2].