证券代码：002480 证券简称：新筑股份 公告编号：2025-051 成都市新筑路桥机械股份有限公司 关于披露预案暨公司股票复牌的 提示性公告 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。 重要内容提示： ●交易概述：成都市新筑路桥机械股份有限公司（以下简称"公 司"）拟向四川蜀道轨道交通集团有限责任公司出售四川发展磁浮科 技有限公司 100%股权、对四川发展磁浮科技有限公司享有的债权以 及其它与轨道交通业务有关的部分资产，拟向四川路桥建设集团股份 有限公司出售成都市新筑交通科技有限公司 100%股权以及其它与桥 梁功能部件业务有关的资产和负债；同时，公司拟向蜀道投资集团有 限责任公司发行股份及支付现金购买四川蜀道清洁能源集团有限公 司 60%股权并募集配套资金（以下简称"本次交易"）。 （公告 编号：2025-041） 通过了《关于 <成都市新筑路桥机械股份有限公司重大资产出售 发="发"> 行股份及支付现金购买资产并募集配套资金暨关联交易预案>及其摘 要的议案》等与本次交易相关的议案，具体内容详见公司在同日披露 于巨潮资讯网的《成都市新筑路桥机械股份有 ...

Core Viewpoint - Sichuan Road and Bridge Construction Group Co., Ltd. plans to acquire 100% equity of Chengdu New Road and Bridge Machinery Co., Ltd.'s subsidiary, Chengdu New Traffic Technology Co., Ltd., along with other related assets and liabilities in a cash transaction, which constitutes a related party transaction [1][4][15] Summary by Sections Related Party Transaction Overview - The acquisition aims to strengthen the company's technical advantages in bridge construction and enhance market competitiveness [2][4] - The transaction is expected not to constitute a major asset restructuring [1][4] Details of the Transaction - The acquisition involves purchasing 100% equity of Chengdu New Traffic Technology Co., Ltd. and other related assets and liabilities from Chengdu New Road and Bridge Machinery Co., Ltd. [2][3] - The final acquisition plan will be determined after the completion of auditing and evaluation [1][3] Financial Information of the Target - Chengdu New Traffic Technology Co., Ltd. has total assets of 880.07 million and total liabilities of 507.49 million as of December 31, 2024 [7] - The company reported operating income of 429.92 million for the year ending December 31, 2024 [7] Related Party Information - Chengdu New Road and Bridge Machinery Co., Ltd. is a subsidiary of the company's controlling shareholder, Shudao Investment Group [4][5] - The company holds 24.50% of the shares in Chengdu New Road and Bridge Machinery Co., Ltd. [4] Impact of the Transaction - The acquisition is expected to enhance the company's supply chain management and cost control, promoting stable development in its main engineering construction business [11][14]

Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - The report regularly summarizes the latest information on private exchangeable bond (private EB) projects from public channels and tracks the basic elements of private exchangeable bond projects. It should be noted that the private issuance terms and the issuance process may be subject to change, and the final offering prospectus should prevail. For the issuance progress, please consult the relevant lead underwriters [1]. 3. Summary by Relevant Content New Project Information This Week - The private placement of exchangeable corporate bonds by Liaoning Chengda Co., Ltd. in 2025 to professional investors was accepted by the exchange. The proposed issuance scale is 5 billion yuan, the underlying stock is GF Securities (000776.SZ), the lead underwriter is CITIC Construction Securities, and the exchange update date is June 3, 2025 [2]. Private EB Weekly Tracking (2025 - 06 - 03) - Multiple private exchangeable bond projects are listed, including their bond names, lead underwriters, scales, underlying stocks, project statuses, and update dates. For example, the private placement of exchangeable corporate bonds by Shudao Investment Group Co., Ltd. in 2025 to professional investors has a scale of 5 billion yuan, the underlying stock is Sichuan Road & Bridge, the project status is "Passed", and the update date is April 30, 2025 [3]. Related Research Reports - Several related research reports are listed, such as "Private EB Weekly Tracking (20250526 - 20250530)" dated June 1, 2025 [4].

Group 1 - The company and its wholly-owned subsidiary, Sichuan Development Maglev Technology Co., Ltd., plan to engage in a financing sale-leaseback transaction with Shudao Leasing, involving a financing amount of 260 million yuan for a period of 3 years [1][5] - The transaction requires approval from the company's shareholders' meeting, with related parties abstaining from voting [2][7] - Shudao Leasing is controlled by the company's major shareholder, Shudao Investment Group, and is not a dishonest entity [3][4] Group 2 - The financing amount of 260 million yuan is based on a market-driven pricing mechanism, with an internal rate of return (IRR) not exceeding 5.30% [4][5] - The leased assets have a book value of no less than 323 million yuan and are free from any encumbrances or legal disputes [4][5] - The transaction aims to provide long-term funding support for the company's operations and optimize its debt structure without affecting the normal use of the leased assets [5][6] Group 3 - The independent directors unanimously approved the transaction, stating it is a routine financing activity that does not harm the interests of the company or its shareholders [6][7] - The company has previously engaged in similar transactions with Shudao Leasing, including a financing amount of 160 million yuan approved in January 2025 [6][8] - The company anticipates that total daily related transactions with Shudao Group and its controlled entities in 2025 will not exceed 68.407 million yuan [6][8]

已是二次更名。 近日，券商中国记者查询国家企业信用信息公示系统发现，宏信证券有限责任公司已在5月29日低调完成更 名，新名字为"天府证券有限责任公司"（以下简称"天府证券"）。 自四川信托完成重整后，其与控股子公司宏信证券从民营企业转变为地方国有企业，迈入全新发展阶段。接盘 上述两家金融机构的蜀道投资集团有限责任公司（以下简称"蜀道集团"）此前已明确表示将加快推进天府金融 品牌建设。如今宏信证券已率先打上"天府"这一品牌标识。 券商中国记者此前采访获悉，四川信托同样推进更名事宜。在蜀道集团战略推动下，两家金融机构有望实现从 内到外"脱胎换骨"式转变。 上述券商官网截至5月31日尚未对名字更新，仍保有"宏信证券"名称及标识。预计未来半年内，该券商将推动 分支机构更名及线上线下标识焕新工作。 根据国家企业信用信息公示系统公开信息，5月29日宏信证券更名为"天府证券"，告别使用已有13年的"宏信证 券"名称。这是蜀道集团"入主"后宏信证券改变对外形象的首次动作，亦向市场释放股东方对该券商战略定位 调整的信号。 今年3月底，成都市中级人民法院宣布裁定终结四川信托重整程序，标志着四川信托重整工作落下帷幕。四川 省国资委 ...

Core Viewpoint - The report outlines a significant reduction in shareholding by Shudao Investment Group in Yibin Paper Industry Co., Ltd, indicating a strategic decision for financial management and future plans for further reductions in shareholding [1][6]. Group 1: Shareholding Changes - Shudao Investment Group reduced its shareholding from 29,484,000 shares (16.67% of total shares) to 17,690,500 shares (10.00% of total shares) [6][7]. - The reduction involved a total of 11,793,500 shares, representing a decrease of 6.67% in ownership [7][8]. - The share reduction will occur through various methods, including centralized bidding and block trading, scheduled from December 30, 2024, to May 28, 2025 [7][8]. Group 2: Future Plans - Shudao Investment Group has no plans to increase its shareholding in Yibin Paper Industry within the next 12 months and intends to continue reducing its stake [6][7]. - The company has committed to adhering to relevant legal and regulatory disclosure obligations regarding these shareholding changes [2][6]. Group 3: Company Information - Shudao Investment Group is a limited liability company based in Chengdu, Sichuan, with a registered capital of 5,422,600,000 RMB [3][4]. - The company engages in various investment activities, asset management services, and engineering management services [3][4].

Group 1 - Yibin Paper's stock price has surged by 178% since April 8, 2025, reaching a historical high by May 27, 2025 [1] - Major shareholder Shudao Investment Group reduced its stake by 341.46 million shares, representing a 1.93% decrease, bringing its ownership down from 11.93% to 10.001% [1] - The reduction in stake will not significantly impact the company's governance structure or ongoing operations [1] Group 2 - The recent stock price increase is primarily attributed to an acquisition, where Yibin Paper acquired 67% of Sichuan Pushi Acetate Fiber Co., Ltd. for 206 million yuan [3] - The acquired company reported a net profit of 149 million yuan in 2023, with a low price-to-earnings ratio of 2 [3] - Despite the acquisition, Yibin Paper's overall performance in 2024 is expected to decline, with projected revenue of 2.238 billion yuan, a decrease of 8.34%, and a net loss of 128 million yuan [3] - In Q1 2025, Yibin Paper's revenue increased to 612 million yuan, a year-on-year growth of 9.51%, and net profit reached 16.027 million yuan, up 99.80% [3] - Shudao Group's decision to reduce its stake may indicate that it believes the stock price has already reflected the benefits of the acquisition [3]

Core Viewpoint - Yibin Paper (600793) announced a reduction in shares by its major shareholder, Shudao Investment Group, which sold 3.4146 million shares, accounting for 1.93% of the company’s total shares. This occurred during a period when Yibin Paper's stock price surged by 178% from April 8 to the recent peak [2][4]. Shareholder Activity - Shudao Investment Group reduced its stake from 11.93% to 10.001% through centralized bidding from April 24 to May 27 [2][3][4]. - The reduction in shares was executed through a centralized bidding process, and the shares were originally acquired during a non-public offering by the former Sichuan Railway Industry Investment Group [2][4]. Stock Performance - Yibin Paper's stock price increased from 14.66 CNY per share on April 8 to a peak of 40.79 CNY, marking a significant rise of 178% [4]. - Following the surge, the stock price experienced a decline of 10% on the day of the announcement [5]. Financial Performance - In 2024, Yibin Paper reported a revenue of 2.238 billion CNY, a year-on-year decrease of 8.34%, and a net loss of 128 million CNY, reversing from profit due to declining paper prices and rising raw material costs [5]. - The first quarter of 2024 showed recovery with a revenue of 612 million CNY, a year-on-year increase of 9.51%, and a net profit of 16.03 million CNY, up 99.80%, attributed to the newly acquired acetic acid fiber business [5]. Acquisition Impact - The significant stock price increase was primarily driven by Yibin Paper's acquisition of a 67% stake in Sichuan Push Acetic Acid Fiber Co., Ltd. for 206 million CNY, which reported a net profit of 149 million CNY in 2023 with a low price-to-earnings ratio of 2 [4]. - The acquisition has opened new growth opportunities for Yibin Paper following the release of new merger regulations [4].

长江商报奔腾新闻记者 汪静 刚刚易主没几天，新筑股份（002480.SZ）便开始筹划重大资产重组。 5月26日午间，新筑股份披露关于筹划重大资产重组的停牌公告。 本次权益变动后，公司控股股东将由四川发展变更为蜀道集团，实际控制人仍为四川省国资委。 长江商报奔腾新闻记者发现，自2012年至2024年，这13年间新筑股份的扣除非经常性损益的净利润（简 称"扣非净利润"）一直处于亏损状态。其中，2021年至2024年，公司扣非净利润分别亏损3.09亿元、 6.16亿元、3.48亿元、4.28亿元。2025年一季度，公司扣非净利润亏损6232万元。 值得一提的是，新筑股份还存在较为明显的财务压力。截至2025年3月底，公司资产负债率达84.74%， 达历史最高水平。 公告显示，新筑股份正在筹划资产出售及发行股份购买资产，并视具体情况募集配套资金（以下简 称"本次交易"）。根据相关规定，公司证券自5月26日开市时起开始停牌。本次停牌时间预计不超过十 个交易日，同时公司预计在不超过10个交易日的时间内披露本次交易方案。 根据公告，新筑股份于2025年5月23日收到控股股东蜀道投资集团有限责任公司（以下简称"蜀道集 团"） ...

Core Viewpoint - Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. (hereinafter referred to as "Xinzhu Co.") is planning a significant asset restructuring and related transactions, which are expected to enhance its business focus on clean energy and optimize resource allocation in the Sichuan province [2][5][7]. Group 1: Asset Restructuring Details - Xinzhu Co. intends to resolve the industry competition issue with its controlling shareholder, Shudao Group, by acquiring 60% equity of Sichuan Shudao Clean Energy Group Co., Ltd. (hereinafter referred to as "Shudao Clean Energy") through a combination of share issuance and cash payment [3]. - The company will sell 100% equity of Sichuan Development Maglev Technology Co., Ltd. (hereinafter referred to as "Chuanfa Maglev") and 100% equity of Chengdu Xinzhu Transportation Technology Co., Ltd. (hereinafter referred to as "Xinzhu Transportation") to optimize its asset structure [3]. Group 2: Background and Ownership Changes - In March 2023, Shudao Group became the controlling shareholder of Xinzhu Co. after acquiring 8.6% and 15.9% of the company's shares from Sichuan Development (Holding) Co., Ltd. [4]. - As of May 2023, Shudao Group holds a total of 24.5% of Xinzhu Co.'s shares, while the actual controller remains the Sichuan Provincial State-owned Assets Supervision and Administration Commission [4]. Group 3: Business Focus and Financial Performance - Xinzhu Co. focuses on three main industries: public transportation components, rail transit, and new energy photovoltaic power generation, establishing a business model of "advanced manufacturing + photovoltaic power generation" [4]. - In 2024, Xinzhu Co. achieved revenue of approximately 2.483 billion yuan, with the photovoltaic power generation segment contributing about 647 million yuan, accounting for 26.05% of total revenue and a gross margin of 60.34% [4]. Group 4: Industry Implications and Future Outlook - The restructuring is expected to clarify and focus Xinzhu Co.'s business layout, allowing it to concentrate on developing clean energy, which is seen as a sector with significant growth potential [5][6]. - The establishment of Sichuan Energy Development Group aims to consolidate clean energy assets for better management and operational efficiency, promoting investment in clean energy projects and accelerating the development of the clean energy industry [7].