证券代码：301357 证券简称：北方长龙 公告编号：2025-037 北方长龙新材料技术股份有限公司 第二届董事会第十二次会议决议公告 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、董事会召开情况 北方长龙新材料技术股份有限公司（以下简称"公司"）第二届董事会第十 二次会议于 2025 年 6 月 9 日以现场与通讯相结合的方式召开，会议通知于 2025 年 6 月 5 日通过现场、电话、电子邮件方式发出。本次会议由董事长陈跃先生召 集，应出席董事 7 人，实际出席董事 7 人（其中以通讯表决方式出席会议的人 数 3 人，董事赵彤、吴韬、郭澳以通讯表决方式出席了会议）。本次会议由董事 长陈跃先生主持，全体监事及高级管理人员列席会议。本次会议的召集、召开、 表决程序及所形成的决议符合《中华人民共和国公司法》等有关法律、法规、规 范性文件及《公司章程》的规定，会议合法、有效。 二、董事会审议情况 （一）审议通过《关于现金收购河南众晟复合材料有限公司 30%股权并对 其增资的议案》 根据公司战略规划需要，公司拟使用自有资金及并购贷款通过受让股权及增 资方式共 ...

北方长龙（301357）公告，公司计划发行股份购买河南众晟复合材料有限公司9.0%的股权。交易对方 为索近善。本次交易不构成重大资产重组，交易完成后不会导致公司控制权变更。相关资产经审计后的 财务数据、经备案的资产评估结果将在重组报告书中予以披露。本次交易尚需公司董事会、股东大会审 议通过，并经深圳证券交易所审核和中国证券监督管理委员会注册。 ...

Group 1 - The A-share market related to the China-South Korea Free Trade Zone continues to decline, with Huaguang Yuanhai and Qingdao Jinwang dropping over 4% [1] - Other companies such as Lianyungang, Langzi Co., Haicheng Bangda, and Zhongchuang Logistics also experienced declines [1]

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。 证券代码：301357 证券简称：北方长龙 公告编号：2025-036 北方长龙新材料技术股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资金的 停牌进展公告 北方长龙新材料技术股份有限公司董事会 第 2 页 停牌期间，公司将积极推进各项工作，并根据本次交易相关事项的进展情况 及时履行信息披露义务。待相关事项确定后，公司将及时向深圳证券交易所提交 并披露符合相关规定的文件并申请股票复牌。公司所有信息均以在指定信息披露 媒体披露的内容为准，本次交易尚存在不确定性，敬请广大投资者关注公司后续 公告并注意投资风险。 第 1 页 特此公告。 北方长龙新材料技术股份有限公司（以下简称"公司"）正在筹划发行股份 及支付现金购买资产并募集配套资金事项（以下简称"本次交易"）。因有关事 项尚存在不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响， 根据深圳证券交易所的相关规定，经公司申请，公司证券（证券品种：A 股股票， 证券简称：北方长龙，证券代码：301357）自 2025 年 5 月 26 日开市时起开 ...

证券代码：301357 证券简称：北方长龙 公告编号：2025-036 北方长龙新材料技术股份有限公司董事会 北方长龙新材料技术股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资金的 停牌进展公告 停牌期间，公司将积极推进各项工作，并根据本次交易相关事项的进展情况 及时履行信息披露义务。待相关事项确定后，公司将及时向深圳证券交易所提交 并披露符合相关规定的文件并申请股票复牌。公司所有信息均以在指定信息披露 媒体披露的内容为准，本次交易尚存在不确定性，敬请广大投资者关注公司后续 公告并注意投资风险。 第 1 页 特此公告。 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。 北方长龙新材料技术股份有限公司（以下简称"公司"）正在筹划发行股份 及支付现金购买资产并募集配套资金事项（以下简称"本次交易"）。因有关事 项尚存在不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响， 根据深圳证券交易所的相关规定，经公司申请，公司证券（证券品种：A 股股票， 证券简称：北方长龙，证券代码：301357）自 2025 年 5 月 26 日开市时起开始停 牌。 ...

Core Viewpoint - North China Long Dragon (301357.SZ), a composite materials company in the military sector, is attempting a self-rescue acquisition of Henan Zhongsheng Composite Materials Co., Ltd. to address its declining performance [1][6]. Group 1: Company Performance - North China Long Dragon has experienced continuous revenue decline since its listing, with 2023 revenue at 135 million yuan, followed by a 20.1% drop to 108 million yuan in 2024, resulting in a net loss of 10.89 million yuan [2][4]. - The latest quarterly report shows revenue of 20.57 million yuan, down 16.86% year-on-year, and a net loss of 5.07 million yuan, a 244.16% decline [4]. Group 2: Acquisition Details - The acquisition involves issuing shares and cash to acquire controlling interest in Henan Zhongsheng, which specializes in composite materials for the renewable energy sector [1][6]. - Henan Zhongsheng, established in 2019, has a production capacity of over 20,000 tons of glass fiber products annually and serves major clients like BYD and CATL [10][12]. Group 3: Strategic Rationale - The acquisition is seen as a strategic move to diversify into the civilian composite materials market, leveraging North China Long Dragon's military technology for civilian applications [15][18]. - The domestic composite materials market is projected to grow significantly, with annual demand in wind power, photovoltaics, and lightweight vehicles increasing by over 10% [15]. Group 4: Market Response - Following the acquisition announcement, interest from foreign institutional investors surged, with firms like J.P. Morgan and UBS entering the top ten shareholders [9]. - The market is optimistic about the potential for improved performance and valuation if the acquisition is successful and Henan Zhongsheng's financials are consolidated [18].

Core Viewpoint - The recent revision of the "Major Asset Restructuring Management Measures for Listed Companies" by the China Securities Regulatory Commission has intensified the merger and acquisition (M&A) activities among listed companies, with many companies announcing acquisition plans despite facing operational challenges [1][4]. Group 1: Company Overview - Northern Long Dragon New Materials Technology Co., Ltd. (301357.SZ) plans to acquire a controlling stake in Henan Zhongsheng Composite Materials Co., Ltd. through a combination of issuing A-shares and cash payments [1]. - Henan Zhongsheng, established in 2019 with a registered capital of 30 million yuan, specializes in the research, design, and production of fiberglass and polyurethane pultrusion molds [2]. - Northern Long Dragon focuses on military equipment, particularly in the research and development of non-metal composite materials for military vehicle applications [3]. Group 2: Financial Performance - Northern Long Dragon's financial performance has been declining, with revenues of 259.86 million yuan in 2020, dropping to 107.74 million yuan in 2024, and net profits decreasing from 93.16 million yuan in 2020 to a loss of 10.89 million yuan in 2024 [6]. - In the first quarter of 2025, the company reported a revenue of 20.57 million yuan, a year-on-year decline of 16.86%, and a net loss of 5.07 million yuan, a significant drop of 244.16% compared to the previous year [7]. Group 3: Market Sentiment - Despite the declining performance, several foreign institutions have increased their stakes in Northern Long Dragon, indicating a potential positive outlook. Notable investors include J.P. Morgan Securities PLC and Morgan Stanley, among others [8]. - The interest from foreign investors raises questions about whether they have insider knowledge regarding the upcoming acquisition, as they have entered the top ten shareholders list during a period of financial struggle for the company [8].

Core Viewpoint - After two years of being listed, Beifang Changlong (301357.SZ) is planning its first restructuring by acquiring Henan Zhongsheng Composite Materials Co., Ltd. through a combination of share issuance and cash payment, aiming to gain control over the target company [1] Group 1: Company Overview - Beifang Changlong focuses on military equipment, primarily engaged in the research, design, production, and sales of non-metal composite materials for military vehicles [2] - The company went public on the Shenzhen Stock Exchange's Growth Enterprise Market on April 18, 2023 [2] Group 2: Financial Performance - Beifang Changlong's financial performance has been declining, with revenues of 250 million, 135 million, and 108 million yuan from 2022 to 2024, representing year-on-year decreases of 12.95%, 46.09%, and 20.13% respectively [2] - The net profit attributable to shareholders has also dropped significantly, with figures of 80.02 million, 11.54 million, and a loss of 10.81 million yuan for the same years, showing declines of 26.32%, 85.61%, and 194.36% respectively [2] - In Q1 of this year, the company reported revenues of 20.57 million yuan, a year-on-year decline of 16.86%, and a net loss of 5.07 million yuan, reversing from a profit of 3.52 million yuan in the same period last year [3] Group 3: Market Interest - Despite the poor financial performance, foreign investment interest in Beifang Changlong remains strong, with major banks like JPMorgan, Morgan Stanley, UBS, and Barclays increasing their stakes and entering the top ten shareholders list [4] Group 4: Restructuring Implications - The potential restructuring is anticipated to significantly improve Beifang Changlong's operational performance, although the exact impact remains to be seen [5]

Group 1 - Company Northern Long Dragon (北方长龙) is planning a cross-border acquisition of Henan Zhongsheng Composite Materials Co., Ltd. (河南众晟) through issuing A-shares and cash payment, with the stock suspension starting from May 26 [2] - The acquisition will not change the actual controller of Northern Long Dragon, and the transaction is still in the planning stage, with a preliminary agreement signed with the controlling shareholder of Henan Zhongsheng, Suo Jingshan, who holds 92% of the company [2] - Henan Zhongsheng, established in 2019, focuses on fiberglass pultrusion equipment, molds, and composite materials, employing over 150 staff, including 25 engineers [5] Group 2 - Northern Long Dragon, which specializes in military equipment, has faced significant performance pressure since its listing, with a revenue drop of 46.09% in 2023 to approximately 135 million yuan and a net profit decline of 85.61% [5] - In 2024, the company reported a further revenue decrease of 20.13% to about 108 million yuan, resulting in a net loss of approximately 10.89 million yuan [5] - In the first quarter of 2025, Northern Long Dragon continued to report losses, with revenues of about 20.57 million yuan, down 16.86% year-on-year, and a net loss of approximately 5.07 million yuan [6] Group 3 - The military vehicle equipment sector, where Northern Long Dragon operates, is characterized as a highly specialized market with significant technical barriers, shifting competition focus towards lighter, stronger, and smarter solutions [6] - The demand for high-performance non-metallic materials is expected to grow due to the modernization and informatization of military equipment in China [6]

Core Viewpoint - Northern Long Dragon (301357.SZ) reported a significant decline in both revenue and net profit for the year 2024, indicating financial challenges faced by the company [1][2]. Financial Performance Summary - In 2024, the company achieved operating revenue of 108 million yuan, a decrease of 20.13% compared to the previous year [2][3]. - The net profit attributable to shareholders was -10.89 million yuan, a decline of 194.36% from a profit of 11.54 million yuan in the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was -15.95 million yuan, worsening by 124.33% from -7.11 million yuan in the previous year [2][3]. - The net cash flow from operating activities was -13.44 million yuan, compared to -0.58 million yuan in the previous year [2][3]. Q1 2025 Performance Summary - For the first quarter of 2025, the company reported operating revenue of 20.57 million yuan, down 16.86% year-on-year [3]. - The net profit attributable to shareholders was -5.07 million yuan, compared to a profit of 0.35 million yuan in the same period last year, reflecting a decline of 244.16% [3]. - The net profit after deducting non-recurring gains and losses was -6.26 million yuan, a significant drop of 956.23% from 0.73 million yuan in the previous year [3]. - The net cash flow from operating activities improved to -11.30 million yuan, a 70.46% increase compared to -38.27 million yuan in the previous year [3]. IPO and Fundraising Details - Northern Long Dragon went public on April 18, 2023, on the Shenzhen Stock Exchange's ChiNext, issuing 17 million shares at a price of 50.00 yuan per share [3]. - The total amount raised from the IPO was 850 million yuan, with a net amount of 775.87 million yuan after deducting issuance costs [4]. - The company planned to use the raised funds for military-civilian integration composite material industry base construction and to supplement working capital [4]. Dividend Distribution - For the 2023 fiscal year, the company announced a profit distribution plan, proposing a cash dividend of 0.50 yuan per 10 shares and a capital reserve increase of 4 shares for every 10 shares held [4]. - The total cash dividend distribution amounted to 3.4 million yuan, and the total share capital increased to 95.2 million shares post-distribution [4].