Group 1: M&A Activity Overview - From July 14 to July 20, there were 77 M&A events involving listed companies, with 27 classified as significant M&A transactions[9] - Out of the total M&A events, 12 were completed, including 1 significant M&A transaction involving Baota Industrial[9] - There were 3 failed M&A attempts by listed companies, specifically by Lixing Co., Hongming Co., and Zhongji Health[15] Group 2: Policy Updates - On July 18, Tianjin's financial authorities released measures to support M&A, focusing on 12 key industrial chains and establishing a resource pool for quality M&A targets[7] - The Shanghai G60 Science and Technology Innovation Group held a summit on July 16 to discuss M&A and overseas expansion in the context of innovation and industry leadership[7] Group 3: Market Performance - During the week of July 14 to July 20, the restructuring index outperformed the Wind All A index by 0.27%[19] - Over a mid-term view, the restructuring index's rolling 20-day return shifted from negative to positive compared to the Wind All A index[19] Group 4: Control Changes - Two listed companies reported changes in actual control during this period, with Shenjian Co. and Hualan Group undergoing ownership transitions[17]

回顾这起收购，5月21日，鸿铭股份宣布，公司拟以现金方式收购深圳市驰速自动化设备有限公司（下 称"深圳驰速"）83%股权，交易金额预计为1.51亿元。此次交易预计构成重大资产重组。 7月17日晚间，广东鸿铭智能股份有限公司（下称"鸿铭股份（301105）"，301105.SZ）发布公告称，公 司终止筹划重大资产重组。 2025年第一季度，公司实现营业收入4681.06万元，同比下降0.36%；净利润为401.28万元，同比下滑 7.25%。 可以看出，自2022年上市当年开始，公司的收入和净利润就开始下滑，且在后一年度由盈转亏。虽然 2024年收入提升，亏损金额同比减少，但2025年第一季度的业绩并不乐观。 对于2023年业绩亏损，公司指出，终端客户的需求减少致使公司下游客户减缓了固定资产投资，从而造 成公司销量下滑。同时，下游客户进行投资时更为谨慎，导致包装机械行业内部竞争加剧，公司为保证 市场份额，提高市场占有率，公司产品售价有所降低，造成公司毛利下滑。 2024年，包装设备下游市场需求恢复缓慢，产业链下游公司业绩尚未大幅反弹，包装设备行业市场竞争 依然激烈，与往年相比鸿铭股份产品销售单价仍呈下滑趋势。由 ...

Core Viewpoint - The company Guangdong Hongming Intelligent Co., Ltd. has terminated its major asset restructuring plan due to the inability to reach a final agreement with the target company, Shenzhen Chisu Automation Equipment Co., Ltd. [1][3] Group 1: Company Overview - Guangdong Hongming Intelligent Co., Ltd. was listed on the Shenzhen Stock Exchange in December 2022 and specializes in the research, production, and sales of packaging equipment, primarily serving printing and packaging companies [3]. - Shenzhen Chisu, established in 2012, focuses on the research and sales of automation equipment, including automatic screw locking machines [3]. Group 2: Financial Performance - From 2020 to 2024, the company's revenue figures were 308 million, 324 million, 230 million, 175 million, and 201 million respectively, while net profits were 61 million, 67 million, 39 million, -17 million, and -10 million [4]. - In Q1 2025, the company reported a revenue of 46.81 million, a year-on-year decrease of 0.36%, and a net profit of 4.01 million, down 7.25% year-on-year [4]. Group 3: Market Conditions - The company attributed its 2023 losses to reduced demand from end customers, leading to a slowdown in fixed asset investments by downstream clients, which in turn caused a decline in sales [5]. - The packaging machinery industry is experiencing intensified competition, with companies lowering product prices to maintain market share, resulting in decreased gross margins [5]. Group 4: Strategic Moves - The failed acquisition attempt was seen as a strategy to enhance the company's operational scale and performance amid declining financial results [7]. - Following the announcement of the termination of the asset restructuring, the company's stock price experienced a significant increase, reaching a closing price of 39.72 yuan on May 22, with a peak of 44.02 yuan thereafter [7].

广东鸿铭智能股份有限公司（以下简称"公司"）第三届董事会第十五次会议 于 2025 年 7 月 18 日（星期五）在公司总部九楼会议室以现场结合通讯的方式召 开。会议通知已于 2025 年 7 月 15 日通过短信、邮件、书面的方式送达各位董 事。本次会议应出席董事 7 人，实际出席董事 7 人。会议由董事长金健先生主 持，监事、高管列席。会议召开符合有关法律、法规、规章和《公司章程》的规 定。 证券代码：301105 证券简称：鸿铭股份 公告编号：2025-023 广东鸿铭智能股份有限公司 第三届董事会第十五次会议决议公告 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 表决结果：同意 7 票，反对 0 票，弃权 0 票。 三、备查文件 1、第三届董事会第十五次会议决议； 特此公告。 广东鸿铭智能股份有限公司董事会 二、董事会会议审议情况 本次会议以投票表决方式审议通过了以下议案： 1、审议通过《关于变更财务负责人的议案》 经审议，董事会同意聘任成观耀先生担任公司财务负责人，任期与第三届董 事会任期一致。 具体内容详见公司于同日在巨潮 ...

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、关于公司财务负责人辞任情况 证券代码：301105 证券简称：鸿铭股份 公告编号：2025-024 广东鸿铭智能股份有限公司 关于变更财务负责人的公告 广东鸿铭智能股份有限公司（以下简称"公司"） 董事会于近日收到公司 财务负责人杜柳斯女士递交的辞职报告，杜柳斯女士因个人原因申请辞去公司财 务负责人职务，辞职后不再担任公司任何职务。原定任期为自任职生效之日起至 第三届董事会届满之日止。根据《中华人民共和国公司法》及《广东鸿铭智能股 份有限公司章程》等有关规定，杜柳斯女士辞职申请自送达公司董事会之日生效。 广东鸿铭智能股份有限公司董事会 2025 年 7 月 18 日 附件： 新任财务负责人简历 成观耀，男，1987 年 1 月生，中国国籍，无境外永久居留权，本科学历，注 册会计师、税务师、会计师，主要工作经历:2010 年参加工作，先后担任广东正 中珠江会计师事务所（特殊普通合伙）项目经理、大信会计师事务所（特殊普通 合伙）南沙自贸区分所及广东亨安会计师事务所（普通合伙）高级项目经理和广 东正东会计师事务所（ ...

Group 1 - Fumiao Technology signed a strategic cooperation agreement with New Hu Textile to advance technology development and market expansion in the textile dyeing industry [1] - Fumiao Technology's shareholder, Feixiang Chemical, transferred 6.1076 million shares at a price of 16.38 yuan per share, representing 5% of the company's total shares [1] - Huaitian Thermal Power was recommended as the owner of a 700,000 kW wind power project, aligning with local government policies for investment strategy [1][2] Group 2 - Beiyinmei's controlling shareholder applied for pre-restructuring due to liquidity issues, holding 1.33 billion shares, 98.85% of which are pledged or frozen [3] - *ST Songfa's subsidiary signed a contract for the construction of two LNG dual-fuel oil tankers, expected to positively impact future performance [4] - Hongming Technology terminated a major asset restructuring plan to acquire 83% of Shenzhen Chisu Automation Equipment due to failure to reach an agreement [18] Group 3 - Guoxiang Technology's controlling shareholder plans to transfer 4 million shares at a price of 44.14 yuan per share, representing 5% of the total shares [20] - Longpin Puzhi's controlling shareholder is set to change to Changjiang Guomao after transferring 72.239 million shares at 12.42 yuan per share, totaling 1.046 billion yuan [28] - Hanwujing adjusted its 2025 fundraising plan to raise up to 3.985 billion yuan for AI chip platform projects and working capital [31]

中国经济网北京7月18日讯 鸿铭股份（301105）(301105.SZ)昨晚披露了关于终止筹划重大资产重组的公 告。 鸿铭股份首次公开发行股票募集资金总额为50,625.00万元，扣除与发行有关的费用后，实际募集资金净 额为人民币42,754.15万元。鸿铭股份最终募集资金净额比原计划多14,414.91万元。鸿铭股份于2022年12 月16日披露的招股说明书显示，该公司拟募集资金28,339.24万元，用于东城广东鸿铭智能股份有限公司 总部项目—生产中心、营销中心、研发中心。 鸿铭股份首次公开发行股票的发行费用总额为7,870.85万元，其中，承销及保荐费4,556.25万元。 2023年至2024年，鸿铭股份营业收入分别为1.75亿元、2.01亿元，归属于上市公司股东的净利润分别 为-1,677.33万元、-977.09万元，归属于上市公司股东的扣除非经常性损益的净利润分别为-1,751.32万 元、-1,463.10万元，经营活动产生的现金流量净额为1,920.00万元、3,767.78万元。 公告次日，即5月22日，鸿铭股份涨停，收报39.72元，涨幅20.00%；5月23日，鸿铭股份创下上市以来 ...

Group 1 - The major asset restructuring plan of Hongming Co., Ltd. has been terminated after nearly two months of planning due to the inability to reach a final agreement with the counterparty [1] - Hongming Co. announced on May 21 that it was planning to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. for cash, which would make Shenzhen Chisu a subsidiary if completed [1] - The company will request a full refund of the 15.1 million yuan (approximately 2.1 million USD) earnest money paid to the counterparty [1] Group 2 - Hongming Co. is a manufacturer of packaging equipment, focusing on research, production, and sales, with its main products being various automated packaging machines [2] - In its first year of listing, the company experienced a significant decline in both revenue and net profit, with a revenue drop of 28.86% and a net profit decrease of 41.03% [2] - The company reported losses for two consecutive years in 2023 and 2024, with net profits of -16.77 million yuan and -9.77 million yuan respectively [2] - In the first quarter of 2025, the company’s revenue was 46.81 million yuan, a year-on-year decrease of 0.36%, and the net profit was 4.03 million yuan, down 7.18% year-on-year [2] - The net cash inflow from operating activities in the first quarter was 6.28 million yuan, a decrease of 52.89% compared to the same period last year [2]

Group 1: Financial Instruments and Market Trends - The first batch of Sci-tech Bond ETFs has been launched, increasing the total number of credit bond ETFs to 21, which will help attract more medium to long-term funds into the market [1] - Insurance companies have raised over 74 billion yuan in capital this year, indicating a sustained high demand for capital supplementation [1] Group 2: Automotive Industry Developments - The penetration rate of L2-level assisted driving in China has exceeded 50%, the highest globally, with emerging technologies like parking assistance also gaining traction [2] - The automotive industry's competitiveness is shifting from mechanical hardware to intelligence and AI, emphasizing the need for companies to adapt to this new landscape [2] Group 3: Solar Industry Performance - The solar industry is facing significant challenges, with most companies in the supply chain reporting losses, highlighting a clear divergence in performance among firms [2] - Only 8 out of 30 solar companies that released half-year performance forecasts expect positive net profits, with only 2 showing year-on-year growth [2] Group 4: Swine Industry Insights - Despite a decline in pig prices, many pig farming companies are expected to report profits, driven by effective cost control measures [3] - The industry is focusing on regulating sow production capacity to stabilize prices, which may lead to increased market concentration [3] Group 5: Film Industry Performance - The summer film season has seen box office revenues surpass 3.5 billion yuan, with diverse genres and innovative themes contributing to its success [4] Group 6: AI and Robotics Innovations - A new AI framework for malaria diagnosis has achieved an accuracy rate of 96.47%, showcasing advancements in AI applications for disease control [4] - A new type of robot capable of self-growth and repair by absorbing surrounding materials has been developed, marking a significant step towards sustainable robotic systems [4] Group 7: Corporate Changes and Market Reactions - JD.com has criticized the recent "0 yuan purchase" promotions in the food delivery sector as a form of unhealthy competition [5] - Wahaha's sales have reportedly dropped significantly following legal issues faced by its chairman, raising concerns among distributors [5] - Good Products announced a significant change in its controlling shareholder, with the Wuhan State-owned Assets Supervision and Administration Commission set to become the actual controller [9] - Han's announcement of a fundraising adjustment indicates a focus on projects related to large model chip platforms and software [11] - Zongheng's actual controller's divorce has led to a significant change in shareholding structure, but control remains unchanged [11] - Gujia Home's CFO and board secretary have resigned, with new appointments made to fill these roles [10]

今年 5月21日，公司公告， 正在筹划以现金方式购买深圳市驰速自动化设备有限公司（以下简称 "深圳 驰速"）83%股权 。 如交易完成，深圳驰速将成为公司控股子公司。 根据《上市公司重大资产重组管理办法》规定和初步测算，本次交易预计构成重大资产重组 ，但交易 不 会导致公司控股股东和实际控制人发生变更。 鸿铭股份 在 5月21日与标的公司及其主要股东签订了 《意向协议》，但 交易方案、交易条款等核心要 素仍需进一步协商 。 来源：e公司 筹划近 2个月后， 鸿铭股份 （ 301105）重大资产重组终止。 7月17日晚， 鸿铭股份 公告终止筹划重大资产重组。 7月17日，鸿铭股份 在公告中表示， 经充分论证及友好协商，各方同意终止本次重大资产重组事项，公 司与标的公司及其主要股东签署了 《 重大资产重组终止协议》。 公司提到，终止重大资产重组，主要是因为交易双方虽 进行了多次协商，但未能就交易最终方案达成一 致。为维护各方及公司股东利益，经公司充分审慎研究及与相关交易方友好协商，同意终止本次重大资产 重组事项。鸿铭股份将向交易对方要求全额退还交易意向金。 在筹划重大资产消息公布次日， 5月22日， 鸿铭股份 2 ...