杉杉集团重整进程迎来新进展。11月24日晚，方大炭素公告称，公司拟报名参与杉杉集团及其全 资子公司宁波朋泽贸易有限公司的实质合并重整投资人招募。公告指出，本次报名不构成关联交 易或重大资产重组，最终能否成为正式重整投资人仍存在不确定性。 资料显示，杉杉股份主营锂电池负极材料与偏光片业务。其中，偏光片业务包括LCD及OLED偏光 片的研发、生产与销售。2025年前三季度，公司实现营业总收入148.09亿元，同比增长 11.48%；实现归属于上市公司股东的净利润2.84亿元，同比增长1121.72%。 据了解，今年3月，杉杉集团启动与朋泽贸易的实质合并重整。本次重整的核心资产包括杉杉股份 23.32%的股权，但大部分已被质押或司法冻结。此外，资产包还包括徽商银行股权、杉杉医疗投 资、不动产及约95.98亿元应收款。 9月，TCL科技曾计划通过TCL厦门产投，与新扬子商贸、新扬船投资、中国东方深圳分公司组成 联合投资方，参与杉杉集团及其全资子公司宁波朋泽的合并破产重整。 但在11月初，杉杉股份公告称，由新扬子商贸联合体提出的重整计划草案未获债权人会议通过， 重整投资协议因此解除。11月7日，重整管理人宣布解除原投资 ...

继杉杉集团首次重组草案意外流产之后，重整计划的新重整投资人遴选已经悄然开始。第一个选择广而告之的意向投资者，为 长袖善舞的"方大系"。 11月24日晚间，"方大系"旗下方大炭素（600516）(600516.SH)公告，同意公司作为产业协同方参与杉杉集团有限公司及其全资 子公司宁波朋泽贸易有限公司的实质合并重整投资人招募，同时授权公司管理层代表公司拟定和提交重整投资的报名资料、签 署尽职调查保密协议、开展尽职调查、提交《重整投资方案》等各项工作。 疑似受到消息驱动，方大炭素11月25日收盘以涨停报收，报6.51元/股；杉杉集团旗下杉杉股份（600884）(600884.SH)收涨 5.74%。 另据21世纪经济报道获悉，目前杉杉集团及宁波朋泽已经开启新一轮重组，流程仍将按照初选，终选，以及债权人委员会投票 的方式决定。 "上周宁波方面组织召开了一个意向投资者的沟通会，方大炭素位列其中。"有接近重组的知情人士告诉21世纪经济报道记 者："其中方大炭素不是早一届遴选的意向投资者，而是这轮遴选的全新参与方。" 从经营层面来看，方大炭素的主业整体呈现明显萎缩态势。2022年至2024年，方大炭素分别实现营业总收入52 ...

Core Viewpoint - The company has approved participation in the restructuring investment recruitment of Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd, aiming to enhance its negative electrode industry layout and supply chain stability [1] Group 1 - The board meeting is scheduled for November 24, 2025, to review the proposal for participation in the restructuring [1] - The company aims to achieve industrial chain integration and improve profitability and core competitiveness through this restructuring [1] - There are uncertainties regarding the restructuring investment, including the possibility of becoming a formal restructuring investor and the effectiveness of the integration [1]

闻泰科技发布关于敦促安世荷兰切实回应沟通解决控制权问题以保障全球供应链稳定的声明，要求 安世荷兰能在切实尊重事实和法律的基础上，就如何恢复闻泰科技的合法控制权与完整股东权利， 提出具有建设性且真正富有诚意的解决方案。声明称，全球半导体产业的稳定关乎行业发展大局。 再次呼吁各方以理性、负责任的态度行事，共同维护安世半导体的稳定与繁荣，保障全球客户的供 应链安全。 声明全文如下： 近日，我方注意到安世荷兰及其相关方的一系列单方面行为，已对全球半导体产业链的稳定构成潜 在威胁。为避免局势进一步升级，维护各方合法权益，我司特此发表声明如下：自荷兰经济部不当 干预以来，本着负责任的态度和维护全球客户利益的原则，在中国相关政府部门的大力帮助与推动 下，我方已主动释放善意，明确表达了愿意与安世荷兰方面就如何恢复闻泰科技的合法控制权、妥 善解决当前争端进行建设性沟通。我们始终相信，通过坦诚对话解决分歧，是保障公司正常运营和 全球芯片供应稳定的切实正确途径。 2025年11月23日 然而，令人深感遗憾与不解的是，尽管我方展现出最大诚意，安世荷兰方面迄今未对我方的沟通提 议作出任何实质性回应。 鉴于此，我们要求安世荷兰能在切实尊 ...

其次，尊重"技术链不可脱钩"的现实。安世半导体是全球最重要的基础芯片供应商之一，其产能布局呈 现"欧洲设计+中国封测"的紧密耦合结构。试图靠行政手段强行拆解这一产业结构，只会对荷兰自身和 依赖该产品的产业链造成更大伤害。 最后，使用政治手段干预正常经济合作被证明是个错误。近年来，荷兰在对华技术政策上承受着巨大外 部压力。安世事件表明，过度政治化不仅将使荷兰企业失去市场，还可能在供应链上被动挨打。 11月19日，荷兰经济大臣卡雷曼斯发表声明，宣布暂停针对安世半导体的行政令。卡雷曼斯称此举旨 在"展现善意"，将继续在未来一段时间内与中国政府进行"建设性对话"。同一天晚些时候，中国商务部 回应称，中方对荷方主动暂停行政令表示欢迎，认为这是向妥善解决问题的正确方向迈出的第一步，但 距离解决全球半导体产供链动荡和混乱的根源"撤销行政令"还有差距。希望荷方继续展现与中方真诚合 作的意愿，真正提出建设性解决问题的方案。 9月30日，荷兰政府以"国家安全"为由，冻结中国闻泰科技对安世半导体的控制权一年，引发全球汽车 供应链震动，使美国、欧洲和日本等地的汽车制造商面临芯片供应危机，部分车型生产线甚至一度关 停。荷兰方面的最新表 ...

证券日报网讯新易盛（300502）11月17日在互动平台回答投资者提问时表示，公司一直与供应商保持良 好合作，通过多种方式优化采购成本，以保障供应链稳定和产品的市场竞争力。 ...

Core Viewpoint - The article highlights the increasing importance of stability in international economics and supply chains, particularly in the competitive automotive manufacturing industry, while criticizing the Dutch government's recent actions as detrimental to global cooperation [1][3]. Group 1: Impact on Supply Chains - China's Commerce Minister Wang Wentao urged the Dutch government to resolve supply chain disruptions caused by interference in corporate operations, indicating a warning against the Dutch government's actions [1]. - The Dutch government's collaboration with the U.S. prior to its actions against companies has raised concerns about its disregard for market economy principles and transparency [3]. - The actions of the Dutch government have forced clients of ASML to bypass the company and establish direct connections with Chinese factories to ensure their production plans, which undermines the competitive position of the Netherlands in this niche market [3][5]. Group 2: Long-term Industry Implications - Clients of ASML are being prompted to diversify their partnerships as a strategy to mitigate risks associated with unreliable dependencies, with companies like Wingtech Technology building new wafer fabs in China that could exceed ASML's total capacity in Europe [5]. - The situation reflects a broader struggle for the future of the Dutch automotive industry, as short-sighted actions may lead to self-destructive outcomes in a tightly interconnected global economy [5]. - The article suggests that the true winners in the international arena will be those countries that seek cooperative opportunities rather than isolating themselves [5][6]. Group 3: Future Outlook - The coming months will be critical in determining whether the Dutch government can rationally address the fallout from its recent decisions, which will also serve as a test for global supply chains in finding new balance points [7]. - The article emphasizes that cooperation is essential for long-term success in the international market, warning that countries relying solely on intervention and exploitation will struggle to thrive [6][7].

Core Viewpoint - The company, Weigao Medical (300888), announced plans to invest approximately 2 billion yuan in the construction of a production base for cotton water-jet non-woven fabric series products [1] Investment Details - The investment scale for the project is about 2 billion yuan [1] - The land area for the project is approximately 1000 acres [1] - The production base aims to achieve an annual output of 20,000 tons of water-jet non-woven fabric and cotton products [1] Production Focus - The project will focus on large-scale and high-quality production of cotton water-jet non-woven fabric [1] - The company plans to introduce advanced international production lines and establish an intelligent production management system [1] - The initiative aims to ensure the stability and safety of the supply chain while enriching the cotton product matrix [1]

Core Viewpoint - Dongfang Tantalum Industry (000962) announced the completion of a binding equity acquisition of Brazil's Taboca Mining Company by its actual controller, China Nonferrous Mining Group Co., Ltd. [1] Group 1: Acquisition Details - Taboca Mining Company owns an operational polymetallic mine for tin, tantalum, and niobium, a tin smelting plant, a tantalum-niobium iron alloy smelting plant, and a UHE hydropower station that supplies power to the mine [1] - The polymetallic mine and tantalum-niobium iron alloy smelting plant are located in the Amazon region of Brazil [1] Group 2: Future Contracts and Supply Chain - In April 2025, the company signed a procurement contract with Taboca Mining Company to purchase approximately 3,000 tons of tantalum-niobium iron alloy raw materials, with an estimated procurement amount of 540 million RMB [1] - This procurement is expected to provide strong support for a stable and controllable supply chain of tantalum-niobium ore raw materials [1] Group 3: Production Capabilities - The company possesses a complete production line from ore wet smelting to the production and processing of tantalum-niobium products [1] - There is an ongoing upgrade and transformation towards high-end products across the entire supply chain [1]

Core Viewpoint - Hunan Youneng (301358) has achieved full self-supply of lithium iron phosphate and is not currently sourcing externally [1] Group 1 - The company has confirmed that it has fully self-supplied lithium iron phosphate [1] - In its capacity planning, the company will consider the layout of related supporting links, such as lithium iron phosphate, to ensure supply chain stability [1]