Core Viewpoint - Suzhou Planning (301505.SZ) is expanding into the low-altitude economy by acquiring 100% of Beijing Dongjin Aviation Technology Co., Ltd. for 250 million yuan, marking a strategic shift towards new productive forces [1][3][4]. Group 1: Acquisition Details - The acquisition price for Dongjin Aviation is set at 250 million yuan, with a total valuation of 254 million yuan, resulting in a premium rate of 217.05% [2][3]. - The payment structure includes 195 million yuan in shares and approximately 54.61 million yuan in cash, with additional fundraising of up to 50 million yuan planned to cover transaction costs [2][3]. - Post-acquisition, Dongjin Aviation will become a wholly-owned subsidiary of Suzhou Planning, enhancing its business portfolio in the low-altitude economic sector [1][2]. Group 2: Financial Performance and Projections - Dongjin Aviation has not yet achieved profitability, with projected losses of 10.92 million yuan, 25.61 million yuan, and 3.46 million yuan for the years 2023 to mid-2025 [4][5]. - The company has committed to achieving audited net profits of no less than 7.5 million yuan over three years, with specific targets of 1.5 million yuan, 2.5 million yuan, and 3.5 million yuan for 2026, 2027, and 2028 respectively [5][6]. - Suzhou Planning has faced declining revenues and profits since its IPO, with a revenue drop of 3.3% and 21.24% in 2023 and 2024, respectively, and a significant decline in net profit [5][6]. Group 3: Strategic Implications - The acquisition is viewed as a critical move for Suzhou Planning to optimize its industrial layout and transition towards new productive forces, particularly in air traffic management [3][7]. - The integration of Dongjin Aviation is expected to create synergies in planning capabilities and data accumulation, as both companies share similar client bases in government and state-owned enterprises [2][3]. - Despite the anticipated short-term financial impact due to high R&D costs and share payment expenses, the long-term outlook for Dongjin Aviation is positive, with expectations of future profitability driven by growth in the low-altitude economy [7].

（文章来源：证券日报） 证券日报网讯苏州规划11月10日在互动平台回答投资者提问时表示，公司筹划发行股份及支付现金购买 资产并募集配套资金事项的相关工作正在有序进行中，公司将根据本次交易事项的进展情况，严格按照 相关法律法规、规范性文件的要求及时履行信息披露义务。敬请关注公司后续公告并注意投资风险。 ...

Group 1 - US stock market saw a significant rebound from intraday lows on Friday, with the S&P 500 rising by 0.13% and the Dow Jones increasing by 0.16%, while the Nasdaq Composite fell by 0.22%, marking its worst weekly performance since April [1] - Microsoft experienced its longest losing streak since 2011, with eight consecutive declines, while Tesla dropped over 3.6% following the approval of Elon Musk's $1 trillion compensation plan at the shareholder meeting [2] - Gold fluctuated around $4,000, ending a two-week decline, while crude oil prices briefly rose above $60 but ultimately fell by over 1.7% for the week [3] Group 2 - Bitcoin briefly dipped below $100,000 but later surged over 4.6%, while Ethereum rose by over 4.3%, reclaiming the $3,400 mark [4] - The US government shutdown situation appears to be improving, with Democrats softening their stance, although Republicans have rejected the proposal but acknowledged progress [4] - The EU AI legislation may face pressure to lower its thresholds due to collective pressure from tech giants [5] Group 3 - Google launched its next-generation AI image model, Nano Banana 2, capable of quickly generating 4K images and solving calculus problems [6] - The Chinese government issued a document to accelerate the cultivation of scenarios and promote large-scale applications in the AI field, focusing on key technology breakthroughs and standard construction [7] - A white paper on carbon peak and carbon neutrality in China indicated that the proportion of non-fossil energy consumption is expected to increase from 16.0% in 2020 to 19.8% in 2024 [8] Group 4 - The People's Bank of China increased its gold reserves by 30,000 ounces in October, marking the 12th consecutive month of increases [10] - China's October CPI rose by 0.2% year-on-year, with the core CPI reaching its highest level since March 2024, while the PPI saw its first year-on-year increase of the year [11] Group 5 - Various brokerage strategies are focusing on year-end style rebalancing, with analysts suggesting that sectors like new energy, pharmaceuticals, and food and beverage may show weaker performance as they face profit-taking pressures [12] - Analysts recommend focusing on sectors with independent logic and improving ROE, such as chemicals, non-ferrous metals, and electric new energy, which are at historical low points in profitability and industry prosperity [13] Group 6 - NAND flash memory prices are set to increase significantly, with SanDisk raising contract prices by up to 50%, leading to some manufacturers pausing shipments to reassess pricing [14] - The flu activity in China has risen sharply, with most provinces entering the flu epidemic period, prompting increased production of antiviral medications [16] - The Ministry of Agriculture and Rural Affairs released guidelines for building a smart agriculture standard system, aiming for a comprehensive standard system by 2030 [17] - The smart agriculture market in China is projected to exceed 100 billion yuan in 2024, growing by 11.7% year-on-year, driven by policy support and increased fiscal investment [18] Group 7 - Several companies announced significant transactions, including Suzhou planning to acquire 100% of Dongjin Hangke for 250 million yuan, and Guocheng Mining proposing to pay 3.168 billion yuan for a 60% stake in Guocheng Industrial [19] - Huadian Energy plans to invest 12.043 billion yuan in a wind power project, while Huadian Science and Technology signed a contract for a major offshore wind power project [20] - Fangzheng Technology is investing 1.364 billion yuan to expand its AI production base in Chongqing, addressing capacity bottlenecks in high-end products [21]

Group 1 - Great Wall Technology has terminated the planning of control change matters and will resume trading on November 10, 2025 [2] - The actual controllers of Great Wall Technology were in discussions for a share transfer that could lead to a change in control, but they decided to terminate the planning due to a lack of consensus on core issues [2] Group 2 - Eight One Steel and other companies or shareholders are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [3] - Eight One Steel received a notice from the CSRC regarding the investigation, stating that their production and operations remain normal and will not be significantly affected [3] Group 3 - ST Chang Pharmaceutical has been investigated by the CSRC for suspected false reporting of financial data, which could lead to mandatory delisting if found guilty of major violations [4] - Intercontinental Oil and Gas is also under investigation, but the investigation pertains to a shareholder and does not affect the company's operations [4] Group 4 - Tianyi New Materials has agreed to undergo pre-restructuring due to creditor applications, which is expected to improve the chances of successful restructuring [6] - The pre-restructuring process will facilitate early communication with creditors and potential investors [6] Group 5 - Suzhou Planning intends to acquire 100% of Dongjin Aviation Technology through a combination of share issuance and cash payment, with a transaction price of 250 million yuan [7] - This acquisition aims to create a competitive integrated solution in air traffic management, addressing industry pain points and aligning with the development of the low-altitude economy [7] Group 6 - Del Shares plans to acquire 100% of Aizhuo Intelligent Technology through share issuance and will raise matching funds from specific investors [8] - The transaction has been reviewed and approved by the Shenzhen Stock Exchange's merger and reorganization review committee [8] Group 7 - Degute has decided to terminate its major asset restructuring transaction due to difficulties in forming a satisfactory plan within the effective time window [9] - The termination requires further negotiations and internal approval processes from the involved parties [9] Group 8 - Aerospace Hanyu's subsidiary has won a bid for a project worth approximately 246.3 million yuan, which is expected to positively impact the company's performance [11] - Huachang Communications has elected a new chairman, which may influence the company's strategic direction [11] Group 9 - Maolai Optical has received approval from the CSRC to issue convertible bonds to unspecified investors [12] - Tianchen Medical has adjusted its share repurchase plan, increasing the maximum repurchase price and total amount [12] Group 10 - Jiangsu Youxian's controlling shareholder plans to increase its stake in the company by investing between 100 million and 150 million yuan [21] - Jian Ke Institute plans to reduce its holdings by up to 1,466,600 shares [21]

Company Overview - Suzhou Planning (SZ 301505) announced on November 7 that its fifth board meeting was held on November 6, 2025, to discuss the proposal for the authorization of the board to handle the issuance of shares and cash payment for asset acquisition, along with related fundraising matters [1] Financial Performance - For the year 2024, Suzhou Planning's revenue composition is as follows: professional technical services account for 99.64%, while other businesses account for 0.36% [1] - As of the report date, Suzhou Planning has a market capitalization of 2.7 billion yuan [1]

公证天业会计师事务所 1、前次募集资金使用情况鉴证报告…………………………1 2、前次募集资金使用情况专项报告…………………………3 3、事务所营业执照复印件 4、事务所执业证书复印件 5、签字注册会计师资质证明复印件 苏州规划设计研究院股份有限公司 前次募集资金使用情况鉴证报告 苏公 W[2025]E1435 号 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants,SGP 公证天业会计师事务所 目 录 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants,SGP 中国．江苏．无锡 Wuxi．Jiangsu．China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 苏州规划设计研究院股份有限公司 前次募集资金使用情况鉴证报告 苏公W[2025]E1435号 苏州规 ...

截至本核查意见出具之日，上市公司不存在《上市公司证券发行注册管理办 法》第十一条规定的不得向特定对象发行股票的以下情形： 长江证券承销保荐有限公司 关于本次交易符合《上市公司证券发行注册管理办法》第十一条 规定的核查意见 长江证券承销保荐有限公司（以下简称"长江保荐"）接受苏州规划设计研 究院股份有限公司（以下简称"上市公司""公司"）委托，担任其通过发行股份 及支付现金的方式购买北京东进航空科技股份有限公司 100.00%股份并募集配 套资金（以下简称"本次交易"）的独立财务顾问。 1、擅自改变前次募集资金用途未作纠正，或者未经股东大会认可； 2、最近一年财务报表的编制和披露在重大方面不符合企业会计准则或者相 关信息披露规则的规定；最近一年财务会计报告被出具否定意见或者无法表示意 见的审计报告；最近一年财务会计报告被出具保留意见的审计报告，且保留意见 所涉及事项对上市公司的重大不利影响尚未消除。本次发行涉及重大资产重组的 除外； 3、现任董事、监事及高级管理人员最近三年受到中国证监会行政处罚，或 者最近一年受到证券交易所公开谴责； 4、上市公司或者其现任董事、监事及高级管理人员因涉嫌犯罪正被司法机 关立案侦 ...

公证天业会计师事务所（特殊普通合伙） 关于苏州规划设计研究院股份有限公司 发行股份及支付现金购买资产 并募集配套资金 之 标的资产报告期内业绩真实性的专项核查报告 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants, SGP 目 录 1、 交易标的业绩真实性的核查报告………………………………1 2、 事务所营业执照复印件 3、 签字注册会计师资质证明复印件 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants, SGP 中国．江苏．无锡 Wuxi．Jiangsu．China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 公证天业会计师事务所（特殊普通合伙） 关于苏州规划设计研究院股份有限公司 交易标的业绩真实性的核查报告 苏公 W[2025]E1436 号 深圳证 ...

公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants, SGP 公证天业会计师事务所（特殊普通合伙） 公证天业会计师事务所（特殊普通合伙） 关于苏州规划设计研究院股份有限公司本次重组前 业绩异常或拟置出资产情形相关事项的专项核查意见 Gongzheng Tianye Certified Public Accountants, SGP 中国．江苏．无锡 Wuxi．Jiangsu．China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 公证天业会计师事务所（特殊普通合伙） 关于苏州规划设计研究院股份有限公司本次重组前 业绩异常或拟置出资产情形相关事项的专项核查意见 苏公 W[2025]E1437 号 公证天业会计师事务所（特殊普通合伙）（以下简称"申报会计师"或"会 计师"）接受苏州规划设计研究院股份有限公司（以下简称"苏州规划""上市 公司 ...

长江证券承销保荐有限公司 关于苏州规划设计研究院股份有限公司 发行股份及支付现金购买资产并募集配套资金 符合中国证监会关于重大资产重组对板块定位要求 之专项核查意见 苏州规划设计研究院股份有限公司（以下简称"上市公司"或"苏州规划"） 拟通过发行股份及支付现金并募资配套资金的方式购买北京东进航空科技股份 有限公司（以下简称"标的公司"或"东进航科"）100%股权（以下简称"本 次交易"）。 长江证券承销保荐有限公司（以下简称"本独立财务顾问"）作为本次交易 的独立财务顾问，根据《关于全面实行股票发行注册制前后相关行政许可事项过 渡期安排的通知》《上市公司重大资产重组管理办法》（以下简称"《重组管理 办法》"）、《创业板上市公司持续监管办法（试行）》（以下简称"《持续监 管办法》"）、《深圳证券交易所创业板企业发行上市申报及推荐暂行规定（2024 年修订）》（以下简称"《暂行规定》"）、《深圳证券交易所上市公司重大资 产重组审核规则（2025 年修订）》（以下简称"《重组审核规则》"）等有关 规定，对上市公司本次交易的相关事项进行了专项核查，具体核查意见如下： （如无特别说明，本核查意见中的简称与《苏州规划设计 ...