慧博云通科技股份有限公司 公 告 证券代码：301316 证券简称：慧博云通 公告编号：2025-040 截至本公告披露日，公司会同交易各方及主要中介机构正在就本次交易全面开展交 易方案协商、尽职调查等相关工作，目前交易正在有序推进中。鉴于本次交易的相关事 项尚存在不确定性，为维护投资者利益，避免公司股价异常波动，根据深圳证券交易所 的相关规定，公司股票继续停牌。 停牌期间，公司将积极推进各项工作，并根据本次交易相关事项的进展情况及时履 行信息披露义务。待相关事项确定后，公司将及时向深圳证券交易所提交并披露符合相 关规定的文件并申请股票复牌。公司所有信息均以在指定信息披露媒体披露的内容为准， 本次交易尚存在不确定性，敬请广大投资者关注公司后续公告并注意投资风险。 慧博云通科技股份有限公司 公 告 特此公告。 慧博云通科技股份有限公司董事会 关于筹划发行股份及支付现金购买资产并募集配套资金 事项的停牌进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 慧博云通科技股份有限公司（以下简称"公司"）正在筹划发行股份及支付现金购 买资产并募集配套资金事项（以下简 ...

Core Viewpoint - The company has undergone a significant asset restructuring in 2023, enhancing its operational capacity and financial stability through the integration of waste-to-energy assets and the introduction of new shareholders [1][2]. Group 1: Asset Restructuring and Financial Performance - In 2023, the company completed a major asset restructuring with China Environmental Protection, injecting waste-to-energy assets into the listed company and raising 3 billion yuan through a private placement [1]. - The company reported a Q1 2025 revenue of 1.422 billion yuan, a slight decrease of 0.16% year-on-year, while net profit attributable to shareholders increased by 42.72% to 282 million yuan [9]. Group 2: Project Expansion and Operational Strategy - The current operational scale of the company's waste incineration projects exceeds 50,000 tons per day, with plans for further expansion through mergers, overseas market development, and small-scale project development [2]. - The company is actively pursuing the integration of its waste management projects and is preparing for the injection of projects currently operated by its controlling shareholder [2]. Group 3: Revenue and Cost Management - The company has seen a steady increase in revenue from collaborative waste treatment services, with a focus on cost management leading to a reduction in operating costs [7]. - The company has a significant portion of its accounts receivable tied to government subsidies, accounting for approximately 28% of total receivables [5]. Group 4: Strategic Positioning and Future Outlook - The company is positioned as a key platform for solid waste management and resource recycling within the controlling shareholder's ecosystem, receiving strong support from China Energy Conservation [7]. - The company plans to maintain a dividend payout ratio exceeding 60% in 2024, with future shareholder return strategies to be aligned with operational performance [8].

Group 1: Major Asset Restructuring - In 2023, the company underwent a significant asset restructuring with China Environmental Protection, injecting waste-to-energy assets into the listed company, completing a capital increase of 3 billion CNY [2] - New shareholders include Guoxin Jianyuan, Guoxin Development, and the National Green Development Fund, enhancing the company's development quality [2] Group 2: Project Scale and Expansion Plans - The current operational scale of waste incineration projects exceeds 50,000 tons per day [2] - Future expansion plans include mergers and acquisitions, overseas market development, small-scale project development, existing project enhancement, and full industry chain exploration [2] Group 3: Financial Performance and Revenue Structure - The management of 23 subsidiaries under a trust agreement generates an annual income of 6.1 million CNY, with a reduction of 200,000 CNY for each subsidiary removed [2] - As of the end of 2024, accounts receivable primarily consist of waste disposal fees and national subsidies, with national subsidies accounting for approximately 28% [3] Group 4: Challenges and Strategic Responses - The probability of default on national subsidy receivables is low, but the recovery progress is subject to government settlement cycles [3] - The environmental equipment sector experienced a significant revenue decline in 2024 due to intensified industry competition and ongoing business transformation [3] Group 5: Asset Impairment and Management - In 2024, the company recognized an asset impairment loss of 105.95 million CNY, mainly due to goodwill impairment of 56.45 million CNY for Zhaosheng Environmental [3] - The company anticipates that while the aging of receivables may increase bad debt provisions, proactive collection management could mitigate some risks [3] Group 6: Shareholder Returns and Market Management - The company’s mid-year and annual dividend payout ratio exceeded 60% in 2024, with plans to continue enhancing shareholder returns [4] - As a central enterprise, the company is required to conduct market value management and assessments in accordance with relevant regulations [4]

关于召开 2025 年第三次临时股东大会的通知 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 一、召开会议基本情况 （一）股东大会届次：2025 年第三次临时股东大会 （二）股东大会召集人：公司董事会。2025 年 3 月 20 日，海南海峡航运股 份有限公司（以下简称"公司"或"海峡股份"）第八届董事会第五次临时会议， 以 11 票赞同、0 票反对、0 票弃权，审议通过了《关于择期召开公司股东大会的 议案》，公司决定于 2025 年 5 月 28 日（星期三）召开 2025 年第三次临时股东 大会。 （三）会议召开的合法、合规性：公司第八届董事会第五次临时会议决议择 期召开公司股东大会，公司决定于 2025 年 5 月 28 日（星期三）召开 2025 年第 三次临时股东大会。本次股东大会的召开符合有关法律、行政法规、部门规章、 规范性文件、深交所业务规则和海峡股份《公司章程》等规定。 （四）会议召开的日期、时间： 股票简称：海峡股份 股票代码：002320 公告编号：2025-39 现场会议时间：2025 年 5 月 28 日上午 9:00 ...

Core Viewpoint - Double Ring Technology (000707.SZ) has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The company plans to issue up to 139,243,729 shares, not exceeding 30% of its total share capital before the issuance, to raise a total of 70,896.00 million yuan [1][2] - The funds raised will be used to acquire 68.59% equity in Hongyi Company [2] Group 2: Acquisition Information - The total assessed value of Hongyi Company's equity is 103,365.89 million yuan, with an appraisal increase of 8,048.30 million yuan, representing an increase rate of 8.44% [2] - The transaction price for the 68.59% equity stake in Hongyi Company is set at 70,896.01 million yuan [2] Group 3: Regulatory and Transaction Structure - The acquisition constitutes a major asset restructuring, contingent upon the CSRC's approval of the share issuance [3] - The issuance will involve up to 35 specific investors, including the controlling shareholder, Double Ring Group, and its indirect controlling shareholder, Changjiang Industrial Group [3] Group 4: Financial Performance of Hongyi Company - Hongyi Company reported revenues of 107,268.55 million yuan and net profits of 15,347.78 million yuan for the fiscal year 2023, with projected revenues of 67,223.98 million yuan and net profits of 4,015.38 million yuan for the first half of 2024 [4] Group 5: Underwriting Information - The sponsor for this issuance is CITIC Securities Co., Ltd., with representatives Ma Xiaolu and Qin Pengyu [5]

5月9日，龙蟠科技公告称，公司控股子公司常州锂源及控股孙公司南京锂源与楚能新能源全资子公司武 汉楚能、孝感楚能及宜昌楚能共同签署《生产材料采购战略合作协议》及《补充协议》，预计自2025年 至2029年间常州锂源及南京锂源合计向买方销售15万吨磷酸铁锂正极材料，总销售金额预计超50亿元。 点评：龙蟠科技旗下公司与楚能新能源签订15万吨磷酸铁锂采购协议，预计2025年至2029年创收超50亿 元。此次长单凸显下游储能市场持续扩容，头部企业加速绑定供应链。但需警惕行业产能过剩风险，随 着巨头加码布局，二线厂商需通过技术升级与成本控制来巩固市场份额。长期订单虽锁定利润，但原材 料价格波动及技术迭代仍存隐忧。 NO.2 百川能源：股东曹飞计划减持不超过2%公司股份 每经记者｜朱成祥 每经编辑｜杨夏 丨 2025年5月12日 星期一 丨 NO.1 龙蟠科技：常州锂源及南京锂源签署超50亿元磷酸铁锂正极材料销售合同 5月11日，安宁股份公告称，公司正在筹划以支付现金的方式取得攀枝花市经质矿产有限责任公司100% 股权。鉴于经质矿产及其关联企业目前处于实质合并重整程序中，上市公司计划成为这三家公司实质合 并重整投资人，支付 ...

Core Viewpoint - China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. are progressing with a major asset restructuring aimed at consolidating their shipbuilding operations and reducing competition between listed companies [2][5]. Group 1: Asset Restructuring Details - The restructuring involves China Shipbuilding issuing A-shares to all shareholders of China Heavy Industry in exchange for their shares, effectively merging the two companies [3][4]. - The exchange ratio is set at 1 share of China Heavy Industry for 0.1335 shares of China Shipbuilding, with the respective share prices determined at 37.84 CNY and 5.05 CNY based on the average trading price over the previous 120 trading days [4][5]. - Following the merger, China Heavy Industry will be delisted and its assets, liabilities, and operations will be fully absorbed by China Shipbuilding [4]. Group 2: Financial Performance - Both companies reported significant growth in revenue and net profit for the fiscal year 2024, with China Heavy Industry achieving a net profit of 613 million CNY, a 157.69% increase year-on-year, ending a nine-year streak of losses [6]. - China Shipbuilding reported a net profit of 3.072 billion CNY, a staggering increase of 1156.92% year-on-year, after twelve years of losses [6]. - The improvement in financial performance is attributed to enhanced production efficiency, better order structures, and increased delivery of higher-priced civil vessels [6][7].

万向钱潮(000559.SZ)公告称，公司股票于5月8日、5月9日连续两个交易日收盘价格 涨幅偏离值累计达 到20.94％，属于股票交易异常波动情况。公司拟通过发行股份及支付现金方式，购买Wanxiang America Corp.100%股权，并向不超过35名特定投资者发行股份募集配套资金。本次交易构成关联交易，预计将 构成重大资产重组，不构成重组上市。目前，公司及相关各方积极推进本次交易整体工作进程。本次交 易所涉及的尽职调查、审计、评估等各项工作正在推进中，交易方案正在进一步磋商，交易相关方尚未 签署正式交易文件。 ...

Core Viewpoint - The number of IPOs in A-shares for 2024 reached only 100, marking the lowest in a decade. In response to tightened IPO regulations and frequent merger and acquisition (M&A) policies, many companies are shifting towards M&A as a means to enter the capital market [1]. Group 1: Overview of the M&A Manual - The "M&A Practical Manual" consists of 342 pages and 173,000 words, covering 11 chapters that outline operational key points and common issues from the perspectives of buyers, sellers, and intermediaries [3]. - The manual includes various resources such as a physical copy, an online course, and a customized notebook [2]. Group 2: M&A Objectives and Considerations - Common objectives of M&A include achieving synergy and understanding the types of restructuring involved [4]. - Key considerations before M&A include assessing the financial viability of the target company and understanding the costs and time required for financial normalization [11]. Group 3: M&A Process and Due Diligence - The manual details the M&A process, including the submission of documentation, implementation procedures, and due diligence principles [4]. - Due diligence focuses on financial, operational, and legal aspects, ensuring that both parties have a clear understanding of the risks and opportunities involved [4]. Group 4: Pricing and Payment Methods - The manual discusses various pricing methods and evaluation techniques, including market comparison and asset-based approaches [18]. - Payment methods in M&A are often considered alongside financing arrangements, with common methods including cash payments and stock exchanges [22]. Group 5: Negotiation Strategies - Effective negotiation strategies are crucial in M&A, with the manual providing insights on preparation, tactics, and common pitfalls [25]. - The negotiation phase is highlighted as a critical point where most terms are established, emphasizing the importance of strategic planning [25]. Group 6: Case Studies and Practical Applications - The manual includes numerous case studies that illustrate the complexities of M&A transactions, particularly focusing on public companies and their acquisition strategies [27]. - Specific chapters are dedicated to analyzing successful and unsuccessful M&A cases, providing practical insights into the execution of M&A strategies [29][30].

5月9日晚间，宁波富达（600724）股份有限公司（以下简称"宁波雷达"或"公司"）发布关于终止筹划重 大资产重组事项的公告。公告称，公司与宁波晶鑫电子材料有限公司(以下简称"晶鑫材料"或"目标公 司")的股东签署《投资合作意向协议之终止协议》，同意终止筹划重大资产重组事项。 深圳商报·读创客户端记者 穆砚 此前，宁波富达表示，收购晶鑫材料后，公司将在原有商业地产和水泥建材两大主营业务基础上，新进 入以光伏银粉为主的电子专用材料领域，并将依托自身资源优势，与目标公司实现有效协同，助力公司 实现产业转型突破和能级提升。但此次重组折戟暴露了其对外并购的审慎不足。 2024年，宁波富达剥离了燃料油业务。宁波富达曾在2023年年报中表示，公司是一家投资型公司，公司 本级没有实体业务。公司下属子公司涉及三个行业，主要业务为商业地产的出租、自营联营及托管业 务，水泥及其制品的生产、销售与燃料油业务。 尽管本次交易尚处筹划阶段且未支付任何款项，但这一动作仍反映出公司在战略扩张中的现实阻力。 近两年，宁波富达调整优化内部产业结构，主动出清部分盈利能力不佳的资产。 公告透露，于2025年1月17日披露了《宁波富达股份有限公司关 ...