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]

Group 1 - Hongming Co., Ltd. announced the termination of its major asset restructuring plan, which involved acquiring 83% of Shenzhen Chisu Automation Equipment Co., Ltd. for approximately 151 million yuan [1] - The termination was due to the inability of both parties to reach an agreement on the final transaction plan, and a termination agreement was signed with the target company and its main shareholders [1] - Following the initial announcement of the restructuring plan on May 21, 2025, Hongming's stock price surged, reaching a high of 44.02 yuan on May 23, marking a 20% increase from the previous day [1] Group 2 - Hongming Co., Ltd. was listed on the Shenzhen Stock Exchange on December 30, 2022, issuing 12.5 million shares at a price of 40.50 yuan per share, with a total fundraising amount of 506.25 million yuan [2] - The net fundraising amount after deducting related expenses was approximately 427.54 million yuan, exceeding the original plan by 144.15 million yuan [2] - The funds raised were intended for the headquarters project of Dongcheng Guangdong Hongming Intelligent Co., Ltd., which includes production, marketing, and R&D centers [2] Group 3 - The total issuance costs for Hongming's IPO amounted to approximately 78.71 million yuan, with underwriting and sponsorship fees accounting for about 45.56 million yuan [3] - For the years 2023 and 2024, Hongming's revenue was reported at 175 million yuan and 201 million yuan, respectively, while the net profit attributable to shareholders was -16.77 million yuan and -9.77 million yuan [3] - The net cash flow from operating activities for the same period was approximately 19.20 million yuan and 37.68 million yuan [3]

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]

Core Viewpoint - The major asset restructuring plan of Hongming Co., Ltd. has been terminated after nearly two months of planning due to the inability of both parties to reach a consensus on the final transaction scheme [2][3][4]. Group 1: Restructuring Details - On May 21, Hongming Co., Ltd. announced plans to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. for cash, which would make Shenzhen Chisu a subsidiary of Hongming if completed [3]. - The company had signed a Letter of Intent on May 21 and paid a deposit of 15.1 million RMB for the acquisition, which was to be held in escrow by both parties [3][4]. - Despite ongoing due diligence and negotiations, the restructuring was ultimately terminated on July 17 due to a lack of agreement on the final transaction terms [4]. Group 2: Market Reaction - Following the announcement of the asset restructuring on May 22, Hongming Co., Ltd. experienced a 20% increase in stock price, although it later retraced [5]. - As of July 17, the stock price was 37.75 RMB per share, giving the company a market capitalization of 1.9 billion RMB [5]. Group 3: Company Profile - Hongming Co., Ltd. is a manufacturer that integrates research and development, production, and sales of packaging equipment, primarily serving the printing and packaging industry [5].

Core Viewpoint - Hongming Co., Ltd. (301105) has terminated its major asset restructuring plan after nearly two months of preparation due to the inability to reach a consensus on the final transaction scheme with the counterparties [1][5]. Summary by Sections Announcement of Termination - On July 17, Hongming Co., Ltd. announced the termination of its major asset restructuring plan [2][5]. Initial Plans for Restructuring - On May 21, the company disclosed plans to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. in cash, which would make Shenzhen Chisu a subsidiary if completed [4]. - The transaction was expected to constitute a major asset restructuring but would not change the controlling shareholder or actual controller of the company [4]. - An intention agreement was signed on May 21, and the company paid a deposit of 15.1 million RMB for the acquisition [4]. Reasons for Termination - The termination was agreed upon after thorough discussions, as the parties could not reach an agreement on the final transaction scheme despite multiple negotiations [5]. - The company will request a full refund of the transaction deposit from the counterparties [5]. Market Reaction - Following the announcement of the restructuring plan, Hongming Co., Ltd. saw a 20% increase in stock price on May 22, although it eventually receded [5]. - As of July 17, the stock closed at 37.75 RMB per share, with a market capitalization of 1.9 billion RMB [5]. Company Profile - Hongming Co., Ltd. is a manufacturer specializing in research, production, and sales of packaging equipment, primarily serving printing and packaging enterprises [5].

Core Viewpoint - Multiple listed companies in the Shanghai and Shenzhen markets have announced significant developments, including changes in control, asset sales, investments, and performance forecasts, which may present investment opportunities and risks for investors. Group 1: Control Changes and Major Transactions - Helen Piano's actual controllers are planning a change in control, leading to a suspension of trading starting July 18, 2025, for up to two trading days [3] - Tiger Medical is selling 95.09% of its stake in Lixin Pharmaceutical for approximately $34.11 million [4] - ST Lifan announced that its operational situation has not changed significantly despite a stock price fluctuation of 42.54% over two trading days [9] Group 2: Investments and Acquisitions - Sdic plans to invest approximately 509 million yuan in expanding its high-end functional film production capacity [5] - Dongfang Yuhong's subsidiary intends to acquire 100% of Chile's Construmart for about $123 million [6] - Huaitian Thermal Power has been recommended as the owner of a 700,000 kW wind power project, aligning with its investment strategy [7] Group 3: Performance Announcements - Hangzhou Bank reported a net profit of 11.662 billion yuan for the first half of the year, a year-on-year increase of 16.67% [14] - Tuojing Technology expects a net profit increase of 101% to 108% in Q2 2025, driven by new product breakthroughs [15] - Weicheng Bio anticipates a net profit of 30.06 million yuan for the first half of 2025, reversing a loss from the previous year [17] Group 4: Contracts and Strategic Partnerships - State Grid Information won contracts totaling 966 million yuan from the State Grid Corporation [21] - Beizhi Technology signed a contract worth 164 million yuan with a major client [22] - Mould Technology received a project letter of intent for exterior parts with an expected total sales of 2.044 billion yuan [23] Group 5: Shareholding Changes - Huasheng Lithium plans to reduce its shareholding by up to 2.24% [25] - Yutai Micro's shareholder intends to reduce holdings by up to 3% due to personal funding needs [26] - Alter's controlling shareholder plans to reduce holdings by up to 3% [27]