海天水务集团股份公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 海天水务集团股份公司（以下简称"公司"）已于 2025 年 3 月 6 日发布公司 财务状况，公司计划于 2025 年 05 月 21 日（星期三）10:00-11:00 举行 2024 年度 业绩说明会，就投资者关心的问题进行交流。 一、本次说明会的类型 本次投资者说明会以网络互动的形式召开，公司将针对 2024 年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 证券代码：603759 证券简称：海天股份 公告编号：2025-070 独立董事：付永胜先生 董事：王述华女士 董事会秘书、财务总监：刘华女士 （如有特殊情况，参会人员可能进行调整） 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 21 日（星期三）上午 10:00-11:00 （二）会议召开地点：上海证券交易所上证路演中心（网址：https:// ...

证券代码：603759 证券简称：海天股份 公告编号：2025-070 海天水务集团股份公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 海天水务集团股份公司（以下简称"公司"）已于 2025 年 3 月 6 日发布公司 2024 年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成果、 财务状况，公司计划于 2025 年 05 月 21 日（星期三）10:00-11:00 举行 2024 年度 业绩说明会，就投资者关心的问题进行交流。 一、本次说明会的类型 本次投资者说明会以网络互动的形式召开，公司将针对 2024 年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 21 日（星期三）上午 10:00-11:00 1 会议召开时间：2025 年 5 月 21 日（星期三）10:00-11:00 会议召开地点：上 ...

Core Viewpoint - The Shanghai Stock Exchange's main board shows strong resilience and stability in 2024, supported by a series of incremental policies, with significant growth in net profits and operational cash flow recovery [1][2]. Financial Performance - In 2024, the main board companies achieved a total operating income of 49.57 trillion yuan, maintaining stability year-on-year; net profit reached 4.35 trillion yuan, with a year-on-year growth of 1.9% [1]. - The annual performance trend was characterized by a decline in net profit of 1% in the first half, followed by a significant recovery with a 5% increase in the second half [2]. - Operating cash flow improved significantly, with a year-on-year growth of 15% in the fourth quarter, restoring to the previous year's level [2]. Industry Transition - Over the past decade, the leading industries on the main board have shifted from traditional sectors like finance and energy to emerging sectors such as automotive and biomedicine, with market capitalization in these sectors reaching 2 trillion yuan and 1.5 trillion yuan respectively [3]. - The proportion of emerging industry companies among the top 50 by market capitalization has increased to 50%, indicating a significant rise in both quantity and market share [3]. Emerging Industries Growth - The number of companies in emerging industries has risen to 40% over the past decade, with net profit compound growth reaching 11%, outperforming traditional industries by 5 percentage points [4]. - Emerging industries are driving the transformation of the economy towards high-quality development, fostering innovation and enhancing the value chain [4]. Corporate Governance and Efficiency - As of 2024, 946 companies on the main board have disclosed "quality improvement and efficiency enhancement" action plans, with nearly 60% of these companies achieving profitability [5]. - The overall dividend scale reached a new high in 2024, with 1,259 companies declaring cash dividends totaling 1.77 trillion yuan, a year-on-year increase of 6% [6]. Market Dynamics - The number of companies implementing share buybacks and major shareholder increases has doubled, with buyback plans disclosed by 400 companies and shareholder increase plans by 380 companies [7]. - The total amount for buybacks and increases reached 843 billion yuan and 537 billion yuan respectively, indicating strong market confidence [7]. Mergers and Acquisitions - In 2024, over 1,500 new merger transactions were recorded on the main board, with a total transaction value exceeding 1.4 trillion yuan, reflecting increased market activity [9]. - The core logic of mergers and acquisitions remains focused on industrial integration and enhancing competitive advantages, with traditional industries restructuring assets and emerging industries expanding their technological capabilities [10]. Capital Market Efficiency - Mergers and acquisitions are seen as key tools for optimizing resource allocation in the capital market, enhancing efficiency and vitality [11]. - Successful restructuring cases can boost investor confidence and attract long-term capital, contributing to the overall improvement of the capital market [11].

变更前：四川上实生态环境有限责任公司 证券代码：603759 证券简称：海天股份 公告编号：2025-069 海天水务集团股份公司 关于全资子公司变更名称及经营范围 暨完成工商变更登记的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 因经营发展的需要，海天水务集团股份公司（以下简称"公司"）全资子公 司四川上实生态环境有限责任公司对其名称、经营范围进行变更，并取得了成都 高新技术产业开发区市场监督管理局换发的《营业执照》，现将有关情况公告如 下： 一、名称变更情况 本次全资子公司名称、经营范围变更是基于经营发展需要，反映子公司主营 业务及发展方向。本次变更事项不会导致公司主营业务发生重大变化，不会对公 司财务及经营状况产生重大影响。 四、备查文件 四川海天绿能生态环境有限公司《营业执照》 变更后：四川海天绿能生态环境有限公司 二、经营范围变更情况 变更前：许可项目：城市生活垃圾经营性服务(依法须经批准的项目，经相 关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件 为准)一般项目：固体废物治理；水污染 ...

海天水务集团股份公司 关于重大资产购买之标的资产完成过户的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603759 证券简称：海天股份 公告编号：2025-068 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 海天水务集团股份公司（以下简称"公司"）拟通过新设的全资子公司四川海天光伏材料有限公司（以下 简称"海天光伏"）以支付现金方式购买贺利氏光伏银浆事业部相关资产（以下简称"本次交易"）。贺利 氏光伏银浆事业部相关资产具体包括：（1）贺利氏光伏（上海）有限公司（以下简称"贺利氏光伏"） 100%股权、贺利氏（中国）投资有限公司对贺利氏光伏（上海）有限公司的债权；（2）贺利氏光伏科 技（上海）有限公司（以下简称"光伏科技"）100%股权；（3）Heraeus Photovoltaics Singapore Pte.Ltd. （以下简称"HPSL"）100%股权。 2025年3月6日，公司已召开第四届董事会第二十四次会议审议通过《关于〈海天水务集团股份公司重大 资产购买报告书（草案）〉及其摘要的议案》等与 ...

Group 1 - The article discusses the recent trends in the domestic merger and acquisition (M&A) market, particularly after the introduction of new policies like the "Six Guidelines for M&A" which have driven the market's high activity levels [1] - It highlights that 31 listed companies engaged in cross-industry acquisitions, with a requirement that acquirers must be "operationally compliant" and not classified as ST or *ST [1] - The majority of the target companies in these acquisitions are profitable, with only a few exceptions, indicating a trend towards acquiring financially stable entities [3][4] Group 2 - Among the 31 cross-industry acquisitions, 11 involved assets injected by controlling shareholders, which suggests higher negotiation efficiency and lower integration difficulty [2] - A significant portion of the target companies are in the technology sector, particularly in areas like semiconductors, artificial intelligence, and high-end manufacturing [6] - The article notes that 12 companies involved in acquisitions reported negative net profits, with notable losses from companies like Guangxi Broadcasting (-698 million) and Nanjing Chemical Fiber (-185 million) [5] Group 3 - The article provides specific examples of acquisitions, such as Songfa Co. acquiring Hengli Heavy Industry for 8 billion, with a profit commitment of 4.8 billion over three years [8] - It mentions that several acquisitions have been terminated, including those by Cixing Co. and Huasi Co., indicating potential challenges in the M&A landscape [8] - The article emphasizes the importance of understanding the operational logic and key steps in M&A transactions, suggesting that further education on this topic is available through a course on M&A practices [10][12]

Core Viewpoint - The Shanghai Stock Exchange's main board companies have shown resilience and stability in their performance, supported by a series of incremental policies, reflecting a robust economic structure in China [1] Group 1: Export Market Diversification - In 2024, companies on the Shanghai main board achieved overseas revenue of 6.09 trillion yuan, a year-on-year increase of 7%, with non-US exports accounting for over 80% [2] - Key export destinations include ASEAN, Africa, and countries involved in the Belt and Road Initiative, with significant growth in sales for companies like SANY Heavy Industry and SAIC Motor [2] - Major construction state-owned enterprises have actively expanded overseas, signing new orders worth 1.87 trillion yuan, a year-on-year increase of 15% [2] Group 2: High-Tech Product Exports - High-tech products such as high-end equipment, integrated circuits, smart home appliances, and electric vehicles have accelerated exports, leading to revenue growth in related industries [3] - Companies like Oriental Cable and Zhaoyi Innovation have made significant strides in international markets, with Zhaoyi Innovation achieving record high shipments [3] - The rise of new business models like cross-border e-commerce has boosted overseas sales for various sectors, including light manufacturing and retail [3] Group 3: Mergers and Acquisitions Activity - From 2024 to the first quarter of 2025, over 1,500 new M&A transactions were recorded on the Shanghai main board, with a total transaction value exceeding 1.4 trillion yuan [4] - Notable M&A cases include Guotai Junan's acquisition of Haitong Securities and China Shipbuilding's proposed merger with China CSSC, each exceeding 100 billion yuan [4] - The trend of private acquisitions and the purchase of quality non-profitable assets has emerged, indicating a shift in M&A strategies [4][5] Group 4: Quality Improvement and Efficiency - By 2024, 946 companies on the Shanghai main board disclosed "quality improvement and efficiency return" action plans, with nearly 60% participation [6] - Among the companies that disclosed plans, nearly 90% achieved profitability, and almost 50% reported performance growth [6] - The total cash dividend announced by 1,259 companies reached 1.77 trillion yuan, a year-on-year increase of 6%, with a dividend payout ratio of 39% [7] Group 5: ESG Reporting and Progress - In 2024, 1,068 companies on the Shanghai main board disclosed ESG reports, achieving a disclosure rate of approximately 63%, an increase of 6 percentage points year-on-year [9] - The number of companies included in the MSCI ESG rating increased, with 90 companies receiving upgrades in their ratings [9] - Companies have actively engaged in social responsibility initiatives, contributing to employment and environmental sustainability [10] Group 6: Index Investment Growth - In 2024, net inflows into ETFs on the Shanghai main board reached nearly 840 billion yuan, with significant participation from foreign capital [11] - The trading volume of ETFs ranked first in Asia, with a total trading amount of nearly 30 trillion yuan [11] - Foreign investment preferences are concentrated in sectors such as banking, food and beverage, and public utilities, indicating a strategic focus on stable industries [12] Group 7: Exit Mechanisms and Risk Mitigation - Since 2025, 19 companies on the Shanghai main board have faced various forms of delisting, with a significant portion resulting from financial issues [13] - The introduction of diverse exit channels, including voluntary delisting and asset restructuring, has become more prominent [13] - Companies have actively taken measures to improve operations and mitigate risks, with several successfully lifting delisting warnings [13]

海天水务集团股份公司 重大资产购买实施情况 之 法律意见书 二〇二五年四月 致：海天水务集团股份公司 北京金杜（成都）律师事务所 关于 北京金杜（成都）律师事务所（以下简称本所）接受海天水务集团股份公司 （以下简称海天股份）委托，担任海天股份拟通过新设立的全资子公司以支付现 金方式购买贺利氏光伏银浆事业部，贺利氏光伏银浆事业部资产包括贺利氏（中 国）投资有限公司（以下简称贺利氏中国）持有的贺利氏光伏（上海）有限公司 （以下简称贺利氏光伏）100%股权与贺利氏中国持有的对贺利氏光伏的债权、贺 利氏光伏科技（上海）有限公司（以下简称光伏科技）100%股权以及 Heraeus Materials Singapore Pte. Ltd.（以下简称 HMSL）持有的 Heraeus Photovoltaics Singapore Pte. Ltd.（以下简称 HPSL）100%股权（以下简称本次交易）的专项 法律顾问。就本次交易事宜，本所已出具《北京金杜（成都）律师事务所关于海 天水务集团股份公司重大资产购买之法律意见书》（以下简称《法律意见书》） 和《北京金杜（成都）律师事务所关于海天水务集团股份公司重大资产购买之补 ...

光大证券股份有限公司 关于 海天水务集团股份公司 重大资产购买实施情况报告书 之 独立财务顾问核查意见 二〇二五年四月 1 声明 光大证券股份有限公司接受海天水务集团股份公司委托，担任本次海天水务 集团股份公司重大资产购买之独立财务顾问，并出具本独立财务顾问核查意见。 2、本独立财务顾问核查意见是在假设本次交易各方当事人均全面和及时履 行本次交易相关协议和声明或承诺的基础上出具。 3、本独立财务顾问核查意见不构成对上市公司的任何投资建议或意见，对 投资者根据本独立财务顾问核查意见作出的任何投资决策可能产生的风险，本独 立财务顾问不承担任何责任。 4、本独立财务顾问未委托或授权其他任何机构和个人提供未在本独立财务 顾问核查意见中列载的信息，以作为本独立财务顾问核查意见的补充和修改，或 者对本独立财务顾问核查意见作出任何解释或说明。 5、本独立财务顾问特别提请广大投资者认真阅读就本次交易事项披露的相 关决议、公告和文件全文。 2 释义 在本核查意见中，除非另有说明，下列简称具有如下含义： | 海天股份、上市公司、 | 指 | 海天水务集团股份公司 | | --- | --- | --- | | 公司 | | | ...

证券代码：603759 证券简称：海天股份 公告编号：2025-068 海天水务集团股份公司 关于重大资产购买之标的资产完成过户的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 海天水务集团股份公司（以下简称"公司"）拟通过新设的全资子公司四川 海天光伏材料有限公司（以下简称"海天光伏"）以支付现金方式购买贺利氏光 伏银浆事业部相关资产（以下简称"本次交易"）。贺利氏光伏银浆事业部相关 资产具体包括：（1）贺利氏光伏（上海）有限公司（以下简称"贺利氏光伏"） 100%股权、贺利氏（中国）投资有限公司对贺利氏光伏（上海）有限公司的债权； （2）贺利氏光伏科技（上海）有限公司（以下简称"光伏科技"）100%股权； （3）Heraeus Photovoltaics Singapore Pte.Ltd.（以下简称"HPSL"）100% 股权。 2025 年 3 月 6 日，公司已召开第四届董事会第二十四次会议审议通过《关 于<海天水务集团股份公司重大资产购买报告书（草案）>及其摘要的议案》等与 本次交易相关议案。 2025 年 ...