Core Viewpoint - The company announced a significant asset restructuring involving the sale and acquisition of various stakes in related businesses, indicating a strategic shift in its operational focus [1] Group 1: Asset Transactions - The company plans to sell 100% equity of Chuanfa Maglev to Shudao Rail Transit Group, along with related debts and assets associated with rail transit operations, for a transaction value of 139,236.41 million yuan [1] - The company intends to sell 100% equity of Xinzhu Jiaoke to Sichuan Road and Bridge, along with other assets and liabilities related to bridge component functions [1] - The company aims to acquire 60% equity of Shudao Clean Energy from Shudao Group through a combination of share issuance and cash payment [1] Group 2: Financial Details - The total transaction value for the assets being acquired is 581,352.18 million yuan, indicating a substantial investment in expanding the company's portfolio [1] - The company plans to issue shares to no more than 35 specific investors to raise supporting funds for the transactions [1] Group 3: Implications - This transaction constitutes a major asset restructuring, reflecting the company's strategic realignment towards its core business areas [1]

Mergers and Acquisitions - Zhengzhou Bank plans to acquire 49% of the shares held by other shareholders of Xun County Zhengyin Village Bank for cash and will absorb and merge it into a branch of Zhengzhou Bank [1] - Sichuan Road and Bridge intends to acquire the bridge component asset group of New筑股份 for 628 million yuan, which constitutes a related party transaction [2] - Leike Defense has decided to acquire 24.4004% equity from minority shareholders of its subsidiary Yao Yun Technology for a transaction price based on the assessed value, totaling 117 million yuan [3] Shareholding Changes - Fuzhou Technology's controlling shareholder plans to reduce its stake by up to 2%, amounting to no more than 9.405 million shares [4] - Xinlong Holdings' shareholder Hainan Zhuhua plans to reduce its stake by up to 3%, which is no more than 16.15 million shares [5] - Jiangsu Cable's controlling shareholder intends to increase its stake by 100 million to 150 million yuan within 12 months, with a maximum purchase price of 4 yuan per share [6] Regulatory Issues - *ST Chang Pharmaceutical is under investigation by the China Securities Regulatory Commission for suspected false reporting of financial data [7] - Continental Oil and Gas's shareholder is being investigated for failing to halt trading when their combined shareholding reached 5% [8] - Meihua Biological's controlling shareholder has been sentenced to three years in prison, suspended for five years, for manipulating the securities market [9] - Bayi Steel is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations [10]

Group 1 - Sichuan Road and Bridge announced a cash acquisition of 628 million yuan for 100% equity of Chengdu New Road and Bridge Technology Co., Ltd. and related assets from its affiliate, New Road Co., Ltd. [1] - The acquisition price reflects a 16.85% premium over the simulated combined book value, indicating a positive valuation for the transaction [1][2] - The purpose of the acquisition is to strengthen the company's core engineering construction business, enhance technical advantages in bridge construction, and improve market competitiveness [1][2] Group 2 - Chengdu New Road and Bridge Technology Co., Ltd. was established in 2013 with a registered capital of 400 million yuan, focusing on bridge functional components [2] - The projected revenues for the acquired entity are 469 million yuan for 2024 and 179 million yuan for January to May 2025, with net profits of approximately 30.57 million yuan and 24.40 million yuan, respectively [2] - Sichuan Road and Bridge's controlling shareholder plans to transfer 60% of the equity in Sichuan Shudao Clean Energy Group to New Road Co., Ltd. for 5.814 billion yuan, with part of the payment in cash and the remainder in shares [2][3] Group 3 - The decision to waive the right of first refusal for the equity transfer is aligned with the company's strategic focus on its core construction business [3] - After the transaction, the company's stake in Sichuan Shudao Clean Energy will remain unchanged, and it will continue to be an associate company [3] - Sichuan Shudao Clean Energy has a total installed capacity of 11.5 million kilowatts, with a focus on clean energy projects across Sichuan and Northwest regions [3] Group 4 - New Road Co., Ltd. became a new member of Shudao Group after a share transfer agreement with Sichuan Development, which previously held significant shares in New Road Co., Ltd. [4] - Shudao Group was established in 2021 through the merger of two state-owned enterprises and currently has total assets exceeding 1.5 trillion yuan [4][5] - The group owns several listed companies, including Sichuan Road and Bridge, and has a workforce of nearly 60,000, marking it as a significant player in the industry [5]

Core Viewpoint - Sichuan Road and Bridge (600039.SH) has announced the acquisition of the bridge component asset group from Chengdu Xinzhu Road and Bridge Machinery Co., Ltd. to enhance its engineering construction capabilities and market competitiveness [1] Group 1: Acquisition Details - The acquisition was approved during the 56th meeting of the eighth board of directors on June 9, 2025, and a conditional asset sale agreement was signed with Xinzhu [1] - The transaction price for the acquisition is set at 628 million yuan, reflecting a 16.85% increase over the simulated combined book value [1] Group 2: Strategic Purpose - The purpose of the acquisition is to solidify the company's main business in engineering construction, strengthen technical advantages in bridge construction, and achieve synergy in the industrial chain [1] - The acquired assets primarily include receivables, fixed assets, intangible assets, inventory, and prepaid accounts related to bridge component manufacturing, while liabilities include payables and other obligations [1] - As of the announcement date, the operating status of the target assets is normal [1]

Core Viewpoint - Sichuan Road and Bridge (600039.SH) announced the transfer of 60% equity in Shudao Clean Energy from its controlling shareholder, Shudao Group, to its affiliate, Xinzhu Co., with the transaction valued at approximately 581.35 million yuan [1] Group 1: Transaction Details - The transaction price for the 60% equity stake in Shudao Clean Energy is confirmed at 581,352.18 thousand yuan [1] - Xinzhu Co. will pay 119,000.00 thousand yuan in cash, with the remainder settled through the issuance of new shares [1] - Agreements related to the transaction were signed on June 9, 2025, and November 7, 2025, between Shudao Group and Xinzhu Co. [1] Group 2: Company Ownership - The company currently holds a 40% equity stake in Shudao Clean Energy and plans to waive its preferential right to acquire the transferred stake [1]

Core Viewpoint - Sichuan Road and Bridge (600039.SH) announced the transfer of 60% equity in Shudao Clean Energy from its controlling shareholder, Shudao Group, to its affiliate, Xinzhu Co., with the transaction valued at approximately 581.35 million yuan [1] Group 1: Transaction Details - The transaction price for the 60% equity stake in Shudao Clean Energy is confirmed at 581,352.18 thousand yuan [1] - Xinzhu Co. will pay 119,000.00 thousand yuan in cash, with the remainder settled through the issuance of new shares [1] - Agreements related to the transaction were signed on June 9, 2025, and November 7, 2025, between Shudao Group and Xinzhu Co. [1] Group 2: Company Ownership - The company currently holds a 40% equity stake in Shudao Clean Energy and plans to waive its preferential right to acquire the transferred stake [1]

Core Viewpoint - Sichuan Road and Bridge plans to acquire 100% equity of Chengdu New Road and Bridge Machinery Co., Ltd. and related assets for approximately 628 million yuan in cash [1] Company Summary - Sichuan Road and Bridge's revenue composition for 2024 is as follows: logistics trade 6.25%, mining and new materials 3.12%, highway investment and operation 2.69%, other businesses 0.6%, and clean energy 0.57% [1] - As of the report, Sichuan Road and Bridge has a market capitalization of 85.7 billion yuan [1]

Core Viewpoint - Sichuan Road and Bridge (600039.SH) plans to acquire 100% equity of Chengdu New Road Bridge Machinery Co., Ltd. (New Road) and other related assets and liabilities for a cash payment of 628 million yuan, which aligns with the company's overall development strategy and aims to enhance its competitive edge in bridge construction [1] Group 1 - The acquisition involves a cash payment of 628 million yuan for 100% equity of Chengdu New Road Bridge Technology Co., Ltd. (New Road) and other related assets and liabilities [1] - The acquisition is expected to create synergies with the company's main engineering construction business, strengthening its technical and process advantages in bridge construction [1] - This strategic move is anticipated to solidify the company's main business development and enhance its market expansion capabilities [1]

Core Viewpoint - Sichuan Road and Bridge (600039.SH) plans to acquire 100% equity of Chengdu New Zhuxin Transportation Technology Co., Ltd. for a cash payment of 628 million yuan, along with other related assets and liabilities from Chengdu New Zhuxin Bridge Machinery Co., Ltd. [1] Group 1: Acquisition Details - The acquisition involves a cash payment of 628 million yuan for the complete ownership of Chengdu New Zhuxin Transportation Technology Co., Ltd. [1] - The deal includes other assets and liabilities related to bridge functional components from Chengdu New Zhuxin Bridge Machinery Co., Ltd. [1] Group 2: Strategic Alignment - The acquisition aligns with the company's overall development strategy and is expected to create synergies with its main engineering construction business [1] - It aims to strengthen the company's technical and craft advantages in bridge construction, enhancing its market expansion capabilities and competitiveness [1]

中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 5151020001202500271 | | | --- | --- | --- | | 合同编号: | 川华资合字（2025）150号-3 | | | 报告类型: | 法定评估业务资产评估报告 | | | 报告文号: | 川华衡评报(2025) 255号 | | | 报告名称: | 新筑股份(002480.SZ)拟出售资产涉及的桥梁功能部件业务资产组 权益价值 | | | 评估结论: | 628,434,370.14元 | | | 评估报告日: | 2025年10月11日 | | | 评估机构名称: | 四川天健华衡资产评估有限公司 | | | 签名人员: | 李定军 (资产评估师) | 正式会员 编号: 51160001 | | | 柳兵 (资产评估师) | 正式会员 编号: 51070028 | | | 季定军、柳兵已实名认可 | | (可扫描二维码查询备案业务信息) 说明：报告备案回执仅证明此报告已在业务报备管理系统进行了备案，不作为 协会对该报告认证、认可的依据,也不作为资产评估机构及其签字资产评估专 业人员免除相关法律责任的依据。 ...