证券代码：300159 证券简称：*S T 新研 公告编号：20 25 - 0 67 新疆机械研究院股份有限公司 关于召开出资人组会议的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、出资人组会议召开日期：2025年12月15日（星期一） 2025年11月14日，新疆机械研究院股份有限公司（以下简称"公司"）及子公司 四川新航钛科技有限公司（以下简称"四川新航钛"）分别收到乌鲁木齐市中级人民法 院（以下简称"乌市中院"或"法院"）送达的（2025）新01破申382号、（2025）新01 破申381号《民事裁定书》，裁定受理公司及四川新航钛相关重整申请。2025年 11月15日，新研股份及四川新航钛分别收到法院送达的（2025）新01破245号、 （2025）新01破244号《决定书》，指定北京市金杜律师事务所和新疆巨臣律师 事务所联合担任管理人，管理人负责人为窦刚贵。相关具体内容详见公司在巨潮资 讯网披露的《关于法院裁定受理公司及子公司重整并指定管理人暨公司股票交易将 被叠加实施退市风险警示的公告》（公告编号：2025-065）。 根 ...

证券代码：300159 证券简称：*ST 新研 公告编号：2025-068 关于公司及子公司 召开重整期间第一次债权人会议通知的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 2025 年 11 月 14 日，新疆机械研究院股份有限公司（以下简称"新研股份"） 及子公司四川新航钛科技有限公司（以下简称"四川新航钛"）分别收到乌鲁木 齐市中级人民法院（以下简称"乌鲁木齐中院"或"法院"）送达的《民事裁定 书》，裁定受理新研股份及四川新航钛相关重整申请。2025 年 11 月 15 日，新 研股份及四川新航钛分别收到法院送达的《决定书》，指定北京市金杜律师事务 所和新疆巨臣律师事务所联合担任管理人，管理人负责人为窦刚贵。 2025 年 11 月 15 日，乌鲁木齐中院在全国企业破产重整案件信息网 （https://pccz.court.gov.cn/pcajxxw/index/xxwsy）发布了（2025）新 01 破 245 号、（2025）新 01 破 244 号《公告》，公司及子公司债权人应于 2025 年 12 月 15 日（含当日）前向管理人 ...

| （一）新研股份 24 | | --- | 四川新航钛科技有限公司 重整计划（草案） 二〇二五年十一月 | . | | --- | | | | | （十二）未尽事宜 46 | | --- | 释义 | 除非本重整计划草案中另有明确所指，下列名词的含义为： | | --- | | 简称 | | 词语含义或全称 | | --- | --- | --- | | "法院"或"乌鲁木齐中 | 指 | 新疆维吾尔自治区乌鲁木齐市中级人 | | 院" | | 民法院 | | "《企业破产法》" | 指 | 自 年 月 日起施行的《中华人 2007 6 1 | | | | 民共和国企业破产法》 | | "《民法典》" | 指 | 自 2021 年 1 月 1 日起施行的《中华人 | | | | 民共和国民法典》 | | "《座谈会纪要》" | 指 | 最高人民法院、中国证券监督管理委 | | | | 员会印发《关于切实审理好上市公司 | | | | 破产重整案件工作座谈会纪要》的通 | | | | 知（法〔2024〕309 号） | | "《上市公司破产重整 | 指 | 《上市公司监管指引第 号——上市 11 | | 11 ...

新疆机械研究院股份有限公司 重整计划（草案）之经营方案 一、农机业务 新疆机械研究院股份有限公司（以下简称"新研股份"或 "公司"或"债务人"）是我国农机整机制造领域的领军企业， 重整后，依托新研股份自身的经营基础以及产业投资人的协 同资源，预计农机业务收入规模以及利润规模有望进一步增 长。 （一）降低成本 新研股份可以通过共享新疆商贸物流（集团）有限公司 （以下简称"商贸物流集团"）的集中采购平台，通过规模化 采购新研股份生产所需的钢材、发动机等核心零部件，降低 成本。同时，新研股份可以利用商贸物流集团在全疆的物流 枢纽地位，提升库存周转率。此外，鉴于商贸物流集团系作 为新疆特色产业集群中现代物流产业的链主企业，聚焦陆港、 口岸、陆路商贸物流产业，形成并完善以供应链集成服务、 大宗商贸货物集散、物流中心枢纽建设、物流服务业态为核 心的先进高效现代物流体系，旗下有乌鲁木齐国际陆港、三 塘湖煤炭等核心资产，在国内外拥有上百个可用仓储设施， 还拥有海关监管库、保税仓、期货交割库等稀缺资产，新研 股份可以利用商贸物流集团现有资产、业务资源提升申请出 口商品补贴及通关效率，缩短出口周期。 （二）拓展农机业务产业链 1 ...

新疆机械研究院股份有限公司 重整计划（草案） 二〇二五年十一月 | . | | --- | | （一）新研股份 24 | | --- | | | | | （十二）未尽事宜 46 | | --- | 释义 | 除非本重整计划草案中另有明确所指，下列名词的含义为： | | --- | | 简称 | | 词语含义或全称 | | --- | --- | --- | | "法院"或"乌鲁木齐中 | 指 | 新疆维吾尔自治区乌鲁木齐市中级人 | | 院" | | 民法院 | | "《企业破产法》" | 指 | 自 年 月 日起施行的《中华人 2007 6 1 | | | | 民共和国企业破产法》 | | "《民法典》" | 指 | 自 2021 年 1 月 1 日起施行的《中华人 | | | | 民共和国民法典》 | | "《座谈会纪要》" | 指 | 最高人民法院、中国证券监督管理委 | | | | 员会印发《关于切实审理好上市公司 | | | | 破产重整案件工作座谈会纪要》的通 | | | | 知（法〔2024〕309 号） | | "《上市公司破产重整 | 指 | 《上市公司监管指引第 号——上市 11 | | ...

Core Viewpoint - The company, Xin Yan Co., has announced a significant equity adjustment due to severe insolvency issues, aiming to avoid delisting and bankruptcy liquidation [1] Summary by Categories Equity Adjustment - The company plans to increase its total share capital from 1.496 billion shares to 3.290 billion shares by a stock conversion of 12 shares for every 10 shares held, resulting in a total increase of 1.795 billion shares [1] Investor Participation - Industrial investors will acquire 500 million shares at a price of 1.30 yuan per share, totaling 650 million yuan [1] - Financial investors will obtain 935 million shares at a price of 1.70 yuan per share, amounting to 1.589 billion yuan [1] - A total of 360 million shares will be allocated for debt repayment [1] Shareholding Restrictions - Industrial and financial investors have committed to not transferring their shares for 36 months and 12 months, respectively [1] Future Adjustments - The company will adjust the calculation formula for the ex-rights reference price in the future [1]

New Stock Listings - Nant Technology (920124) listed at an issue price of 8.66 on November 27, 2025[1] - Tianpu Co., Ltd. (605255) is in the offer period from November 20 to December 19, 2025[1] - Jianglong Shipbuilding (300589) and Huasheng Lithium Battery (688353) reported significant abnormal fluctuations[1] Abnormal Fluctuations - Multiple companies including ST Wanfang (000638) and ST Dongyi (002713) have reported abnormal trading activities[2] - Companies such as ST Suwu (600200) and ST Yanshan (000608) are also under scrutiny for unusual market behavior[3]

Core Viewpoint - The risk disposal service trust has become a core transformation direction for trust companies amid the deepening asset management regulations and the contraction of traditional financing trusts [1] Group 1: Market Dynamics - Several listed companies, including *ST Dongyi, *ST Xinyan, and *ST Mingjia, have recently announced restructuring, with institutions like Yunnan International Trust, China Foreign Economic and Trade Trust, and Chongqing International Trust actively participating as important investors in these restructurings [1] - Over 30 trust companies are currently engaged in risk disposal service trust business, with a total scale exceeding 1.5 trillion yuan [1] Group 2: Future Outlook - The market demand for market-oriented restructuring and bankruptcy service trusts is expected to reach 10 trillion yuan by 2030 [1] - Experts indicate that the active engagement of trust companies in risk disposal service trusts is not only a proactive choice in response to market demand but also a strategic layout for supply-side services [1]

Core Viewpoint - The specialized equipment sector experienced a decline of 0.94% on November 18, with Lingge Technology leading the drop. The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1]. Group 1: Sector Performance - The specialized equipment sector saw a net outflow of 1.479 billion yuan from main funds, while retail investors contributed a net inflow of 0.985 billion yuan [2]. - Notable gainers in the specialized equipment sector included Moke Co., Ltd. with a closing price of 11.06, up 10.05%, and Hetai Electric with a closing price of 58.41, up 10.00% [1]. - Other significant performers included ST Xinyuan, which closed at 8.69, up 7.15%, and Zhejiang Mining, which closed at 30.20, up 7.09% [1]. Group 2: Individual Stock Movements - Lingge Technology led the decline with a closing price of 47.11, down 9.79%, followed by Tongli Risheng at 41.56, down 7.58% [2]. - Other notable decliners included Guo'an Da at 22.89, down 6.53%, and Yunjigroup at 29.57, down 6.07% [2]. - The trading volume for Moke Co., Ltd. was 741,100 shares, with a transaction value of 780 million yuan, indicating strong market activity despite the overall sector decline [1].

Summary of Key Points Core Viewpoint - Several companies are experiencing significant shareholder reductions, indicating potential shifts in ownership and market sentiment towards these firms [1]. Shareholder Reductions - Huijie Co., Ltd. shareholder Lin Shengzhi plans to reduce holdings by up to 2% [1] - Goko Technology's major shareholder Beikong intends to reduce holdings by up to 0.7% [1] - Zhouming Technology's chairman Lin Mingfeng plans to reduce holdings by up to 1.99% [1] - Keheng Co., Ltd. shareholder Wang Guojiang plans to reduce holdings by up to 2% [1] - Fulian Precision's actual controller An Zhifu plans to reduce holdings by up to 1% [1] - Baoli Food's shareholder Shanghai Houxu plans to reduce holdings by up to 3% [1] - Huizhiwei's shareholder GZPA plans to reduce a total of up to 10.52 million shares [1] - Yijiahe's shareholder Zhejiang Junhong plans to reduce holdings by up to 2% [1] - Dexin Technology's shareholder Xinjiang Guotou plans to reduce holdings by up to 2.3351 million shares [1] - Yirui Technology's shareholders Tianjin Sequoia and Beijing Sequoia plan to reduce a total of 3.0022 million shares [1] - Boliview's shareholder Zhang Zhiping has completed a reduction of 2.3756 million shares [1] - Fubon Technology's Zhenghong Development plans to reduce holdings by up to 0.59% [1] - Liaoti Technology's shareholder Alibaba has reduced holdings by 4.2392 million shares [1] Regulatory Actions - Kexin Information is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [1] - *ST Xinyan's stock trading will be subject to additional delisting risk warnings [1]