11月26日晚间，建龙微纳披露关于终止筹划重大资产重组的提示性公告。 公告显示，建龙微纳拟以支付现金受让股权的方式合计取得上海汉兴能源科技股份有限公司不少于51% 的股份。在与重大资产重组有关各方积极磋商和认真探讨后，认为本次实施重大资产重组的条件暂不成 熟。经公司审慎研究并与交易对方友好协商，交易各方一致同意终止本次交易事项，本次重大资产重组 事项终止。 建龙微纳表示，公司通过尽职调查与业务方面深度交流，认为公司与汉兴能源存在较大的业务协同价 值，为延续前期的良好合作基础，将业务协同价值落在实处，公司与本次交易的标的公司汉兴能源达成 全面战略合作伙伴关系，双方将立足于各自的资源、专业技术及经验，重点在石油炼制、石油化工、煤 化工、新能源、天然气提纯和应用、可再生能源、可再生资源、二氧化碳捕集和利用、气体投资等领域 围绕协同市场开拓、新产品/技术互补、新产品/新技术开发三个维度开展全面战略合作。 未来，公司将继续围绕既定的发展战略有序开展各项经营管理工作，在适当的时机与条件下积极寻求更 多的发展机会，通过多元化方式整合优质资源，丰富公司的产品矩阵。 前三季度净利润同比增长20.15% 据建龙微纳公告，公司主要 ...

11月26日晚间，建龙微纳披露关于终止筹划重大资产重组的提示性公告。 本次交易尚处于筹划阶段，交易各方均未签署正式的交易协议，本次交易尚未正式实施，各方对终止本 次交易无需承担违约责任。本次终止筹划重大资产重组不会对公司业务开展、生产经营活动和财务状况 造成不利影响，也不存在损害公司及股东特别是中小股东利益的情形。 建龙微纳表示，公司通过尽职调查与业务方面深度交流，认为公司与汉兴能源存在较大的业务协同价 值，为延续前期的良好合作基础，将业务协同价值落在实处，公司与本次交易的标的公司汉兴能源达成 全面战略合作伙伴关系，双方将立足于各自的资源、专业技术及经验，重点在石油炼制、石油化工、煤 化工、新能源、天然气提纯和应用、可再生能源、可再生资源、二氧化碳捕集和利用、气体投资等领域 围绕协同市场开拓、新产品/技术互补、新产品/新技术开发三个维度开展全面战略合作。 公告显示，建龙微纳拟以支付现金受让股权的方式合计取得上海汉兴能源科技股份有限公司不少于51% 的股份。在与重大资产重组有关各方积极磋商和认真探讨后，认为本次实施重大资产重组的条件暂不成 熟。经公司审慎研究并与交易对方友好协商，交易各方一致同意终止本次交易事项 ...

11月26日晚，建龙微纳（688357）公告称，公司原拟以支付现金受让股权的方式合计取得上海汉兴能源 科技股份有限公司不少于51%的股份。截至目前，在与重大资产重组有关各方积极磋商和认真探讨后， 认为本次实施重大资产重组的条件暂不成熟。 对于此次收购，建龙微纳曾披露，公司与汉兴能源属产业链上下游，持续进行合作，多种业务终端应用 场景有重合。通过本次整合，建龙微纳有望建立起从高性能分子筛材料研发、定制化工艺设计、系统工 程交付到终端客户服务的全链条闭环能力，推动公司从材料制造商向技术服务商转型升级。 经公司审慎研究并与交易对方友好协商，交易各方一致同意终止本次交易事项，本次重大资产重组事项 终止。 汉兴能源是建龙微纳的下游企业。6月24日，建龙微纳发布公告，与汉兴能源及其股东纪志愿、吴芳及 李明伟签署了《意向协议》，公司拟以现金方式通过股权转让取得汉兴能源不少于 51%的股权。 汉兴能源是一家专业从事氢能产业（上游制氢、中游运输、储氢、加氢站）相关技术的开发、咨询设 计、成套制氢装备集成、总承包、工业气体投资、运营为一体的综合服务供应商。下游客户包括中国石 油、中国石化、首钢股份、五矿集团、阳煤化工、宝丰能源、 ...

Group 1 - The core point of the announcement is that Spring Autumn Electronics plans to acquire all shares of Asetek A/S through its wholly-owned subsidiary CQXA Holdings PTE. LTD, with a cash offer of 1.72 Danish Krone per share, totaling up to 547 million Danish Krone, approximately 598 million RMB [1] - The acquisition aims to strengthen business synergies and promote strategic transformation for Spring Autumn Electronics, leveraging Asetek's leading position in the desktop liquid cooling technology sector [3] Group 2 - Asetek, registered in Denmark, specializes in the development, design, production, and sales of high-performance desktop computer liquid cooling solutions and simulation racing game peripherals, with annual shipments of liquid cooling products ranging from 700,000 to 1 million units [2] - Asetek has faced operational pressure in recent years, with declining revenues from 2023 to September 2025, and a projected net loss of 2,394 million USD in 2024, primarily due to decreased procurement from major clients and high R&D and marketing costs in its nascent simulation racing peripherals business [2] - Asetek signed a two-year minimum procurement contract worth at least 35 million USD with a key customer in October 2025, expected to contribute to revenue and profit starting in the second quarter of 2026, potentially improving its financial situation [2] Group 3 - The acquisition will allow Spring Autumn Electronics to expand its product portfolio and market share, transitioning from electronic manufacturing to "electronics + liquid cooling solutions," while utilizing Asetek's established technology standards and global certifications to accelerate internationalization [3] - Post-acquisition, Asetek will be included in Spring Autumn Electronics' consolidated financial statements, and the company plans to explore synergies in product, technology, service, and channel aspects while maintaining independent operations [3]

Group 1 - The core point of the article is the decision made by the board of directors of Zhonggong Education Technology Co., Ltd. to establish a wholly-owned subsidiary in the Guangdong-Hong Kong-Macao Greater Bay Area to enhance business collaboration and expand its market presence in South China [3][7][12]. Group 2 - The board meeting was held on November 20, 2025, with all seven directors present, and the meeting complied with relevant laws and regulations [2]. - The proposal to invest in the establishment of a subsidiary named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd. was approved unanimously by the board [3][8]. - The registered capital for the new subsidiary is set at 150 million yuan [9]. - The subsidiary will focus on various educational services and technology consulting, leveraging the advantages of the Hengqin area [9][12]. Group 3 - The investment aims to utilize policy and locational advantages to strengthen cooperation within the Greater Bay Area and promote sustainable development for the company [12]. - The establishment of the subsidiary is expected to have a positive long-term impact on the company's financial status and profitability, enhancing its competitive advantage [14].

Core Viewpoint - The company, Zhonggong Education, is expanding its strategic layout by establishing a wholly-owned subsidiary in the Hengqin Guangdong-Macao Deep Cooperation Zone to enhance business collaboration in the Greater Bay Area [1] Group 1 - The subsidiary, Beijing Zhonggong Zhiyuan Technology Co., Ltd., plans to set up a new entity named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd. with a registered capital of 150 million yuan [1] - This move aims to accelerate the expansion into the South China market and promote the company's sustainable development [1]

实地研学悟科技 气象赋能强认知 来源：环球网 近日，人保财险丹凤支公司党支部与丹凤县气象局党支部联合开展"深学全会精神，凝聚奋进力量"主题 党日活动。通过实地研学、党性锤炼、座谈交流等多维度环节，为双方党员打造沉浸式精神洗礼与思想 赋能平台，推动党建工作与业务发展深度融合。 座谈交流谋合作 党建业务双融合 随后，双方召开党建与业务融合交流座谈会。人保财险丹凤支公司经理张理详细介绍了公司在农业保 险、财产保险等领域的业务布局及服务成效，重点阐述气象信息在保险风险预判、防灾减损方案制定中 的关键作用，强调精准气象数据对降低灾害损失、保障群众权益的重要意义。丹凤县气象局局长杨涛全 面分享了气象预报预警体系建设、特色气象服务开展等工作成果，指出气象部门与人保公司在民生保 障、产业服务等领域的合作潜力，提出以"资源共享、优势互补"推动双方深度合作的发展思路。 活动伊始，双方党员干部赴丹凤县气象站开展实地参观学习。在气象站工作人员的专业讲解下，依次观 摩风向风速仪、雨量传感器、温湿度记录仪等核心观测设备，系统了解设备运行原理、数据采集标准及 在气象监测预警中的实战应用。党员们结合保险防灾减损工作实际主动提问，深入探讨气象 ...

Core Viewpoint - The company, Angli Education, has responded to the Shanghai Stock Exchange's inquiry regarding an asset acquisition, addressing concerns raised by four board members who abstained from voting due to uncertainties about the clarity of the acquisition project and business synergy [1] Group 1: Acquisition Details - The company clarified that the target, Shanghai Leyou, has a clear business structure with 60 active stores and an international tourism license, with 70% of its clientele being seniors, which aligns with the company's "Happy Community" senior interest training business, allowing for mutual customer flow [1] - The target company has served over 200,000 customers, with 150,000 being over 40 years old, indicating a high overlap with the company's customer base and a clear synergy path [1] Group 2: Financial Concerns - The company acknowledged that the target is expected to incur continuous losses from 2024 to the first half of 2025, with projected net profits of -435,800 yuan and -567,200 yuan respectively [1] - There are uncertainties regarding the recovery of the tourism industry and the challenges of business integration, which may hinder the achievement of performance commitments (total revenue of ≥ 480 million yuan from 2025 to 2028), potentially impacting the company's cash flow and ongoing viability [1] Group 3: Communication and Investor Relations - The company plans to hold an investor briefing to further communicate and balance opportunities and risks, ensuring the protection of the interests of small and medium investors [1]

本报记者 周尚伃 并购重组已成为证券行业高效整合资源、推动战略转型的重要途径之一。11月19日晚间，中金公司、东兴证券、信达证券 发布《关于筹划重大资产重组的停牌公告》，三家公司正在筹划由中金公司分别通过向东兴证券、信达证券全体A股换股股东 发行A股股票的方式换股吸收合并东兴证券、信达证券。若此次交易顺利完成，其将成为继国泰君安吸收合并海通证券后，行 业又一标志性整合案例，进一步推动证券行业向头部集中、特色分化的新格局演进。 加快建设一流投资银行 重组停牌有序推进 公告显示，中金公司、东兴证券、信达证券三家券商A股股票于2025年11月20日（星期四）开市起开始停牌。本次重组涉 及A+H股两地上市公司同时吸收合并两家A股上市公司，涉及事项较多、流程较为复杂，根据上海证券交易所的相关规定，预 计停牌时间不超过25个交易日。 据悉，本次重组有助于加快建设一流投资银行，支持金融市场改革与证券行业高质量发展。通过重组实现各方能力资源的 有机结合、优势互补，力争在合并后实现规模经济和协同效应，提高公司服务国家战略和实体经济的质效，并提升股东回报水 平。 从驱动因素来看，本次中金公司、东兴证券、信达证券的整合，是践行中央 ...

Core Viewpoint - The company Jinbei Automobile (600609.SH) plans to invest in Zhongtuo Technology to strengthen its supply chain, optimize customer structure, expand revenue scale, and enhance business synergy and diversification [1] Group 1: Investment Details - The investment in Zhongtuo Technology is based on an enterprise valuation of 215 million yuan, with a final transaction value of 215 million yuan agreed upon after negotiations [1] - The company will invest 89.58 million yuan in cash to subscribe to an increase in Zhongtuo Technology's registered capital of 25 million yuan, resulting in a 29.41% equity stake [1] - Following the capital increase, the company will acquire an additional 22.59% equity stake for 68.80 million yuan, leading to a total ownership of 52% in Zhongtuo Technology [1] Group 2: Zhongtuo Technology Overview - Zhongtuo Technology is a high-tech enterprise engaged in the research, production, and sales of automotive components, with manufacturing bases in Changchun, Chengdu, and Tianjin, and a service center in Foshan [2] - The company supplies parts to major automotive manufacturers including Hongqi, Volkswagen/Audi, BMW, Toyota, and others, and has become a first-tier supplier for Li Auto [2] - Prior to the investment, Zhongtuo Technology's equity was pledged due to bank loans, but the investment will allow the company to prioritize repaying these loans and release the equity pledge [2]