Core Viewpoint - Victory Co., Ltd. plans to issue shares and pay cash to acquire gas-related assets controlled by its controlling shareholder and related parties, with the stock resuming trading on November 11, 2025 [1][2][5]. Group 1: Acquisition Details - The acquisition includes 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tiandali Tong held by Tiandashengtong, 51% equity of Nantong Zhongyou held by Zhongyou Zhongtai, and 40% equity of Ganhe Zhongyou [2][4]. - The transaction is expected to constitute a major asset restructuring and related party transaction but will not result in a restructuring listing [4]. Group 2: Strategic Implications - The acquired companies primarily provide natural gas application services to industrial, commercial, and residential sectors [5]. - The transaction aims to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's position in the gas industry [5]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to approximately 120 million yuan [6][7]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan [7]. Group 4: Market Position - As of October 27, 2025, the stock price was 3.78 yuan per share, with a total market capitalization of 3.3 billion yuan [8][9].

【导读】胜利股份拟购买控股股东所持燃气类相关资产，股票复牌 中国基金报记者 李智 11月10日，胜利股份发布公告称，公司计划发行股份及支付现金购买由公司控股股东及其关联方控制的燃气类相关资产并募集配套资金。 经申请，胜利股份股票将于2025年11月11日（星期二）开市起复牌。 胜利股份股票复牌 根据公告，本次交易预计构成重大资产重组、关联交易，但不构成重组上市。 标的公司为由上市公司控股股东及其关联方控制的公司，主要面向工业、商业、居民等领域提供天然气应用服务。 胜利股份表示，通过本次交易，公司将发挥协同优势，整合行业资源、增强盈利能力、深化燃气行业产业链布局。本次交易契合行业发展 趋势，将显著增强上市公司核心竞争力，提升上市公司在燃气业务的市场地位。本次交易完成后，公司主营业务范围不会发生变化，核心 竞争力将得到进一步巩固和加强。 经申请，胜利股份股票将于2025年11月11日（星期二）开市起复牌。 11月10日，胜利股份发布公告称，公司计划发行股份及支付现金购买由公司控股股东及其关联方控制的燃气类相关资产并募集配套资金， 交易标的包括由中油投资持有的中油珠海100%的股权、天达利通持有的天达胜通100%的 ...

Core Viewpoint - Victory Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and its affiliates, and will resume trading on November 11, 2025 [2][4]. Group 1: Acquisition Details - The company intends to issue shares and pay cash to purchase gas-related assets, including 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai [4][6]. - The transaction is expected to constitute a major asset restructuring and related party transaction, but will not result in a restructuring listing [6]. Group 2: Strategic Implications - The acquisition aims to enhance the company's profitability, integrate industry resources, and deepen its layout in the gas industry, aligning with industry development trends [6]. - Post-transaction, the company's main business scope will remain unchanged, but its core competitiveness in the gas business will be further strengthened [6]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported revenue of 3.042 billion yuan, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders increased by 9.43% to approximately 120 million yuan [7][8]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan, to reward shareholders [8]. Group 4: Market Position - As of October 27, 2025, the company's stock price was 3.78 yuan per share, with a total market capitalization of 3.3 billion yuan [9].

Group 1: Lingzhi Software - Lingzhi Software announced a major asset restructuring plan to acquire 100% equity of Kaimeiride through issuing shares and cash payments, along with raising supporting funds [1][4] - The transaction is expected to enhance Lingzhi Software's revenue and net profit, while reducing reliance on the Japanese market and improving responsiveness to domestic financial institutions' needs [3][4] - The company reported revenues of 6.96 billion, 11.14 billion, and 7.63 billion for the years 2023, 2024, and the first three quarters of 2025, respectively, with net profits of 865.27 million, 1.24 billion, and 967.46 million [2][3] Group 2: Victory Co., Ltd. - Victory Co., Ltd. plans to acquire gas-related assets controlled by its major shareholder and related parties through issuing shares and cash payments, which will include 100% equity of Zhongyou Zhuhai and Tianda Shengtong, among others [1][5][7] - The company reported revenues of 46.77 billion, 42.26 billion, and 30.42 billion for the years 2023, 2024, and the first three quarters of 2025, respectively, with net profits of 1.53 billion, 1.17 billion, and 1.2 billion [5][6] - The transaction is expected to enhance the company's core competitiveness and market position in the gas industry, while not changing the control structure of the company [6][7]

Core Viewpoint - The core of the restructuring plan by Shengli Co., Ltd. is the deep integration and expansion of its natural gas segment, aiming to enhance its core business foundation and respond to national policies for promoting quality asset integration [1][4]. Group 1: Restructuring Details - Shengli Co., Ltd. plans to acquire assets from its controlling shareholder, China Oil Gas Investment Group Co., Ltd., and its affiliates, through a combination of issuing shares and cash payments [1][5]. - The acquisition involves four target companies, including 100% equity of China Oil Gas (Zhuhai Hengqin) Co., Ltd. and Tian Dasheng Tong New Energy (Zhuhai) Co., Ltd., as well as 51% and 40% stakes in Nantong China Oil Gas Co., Ltd. and Qinghai China Oil Ganhe Industrial Park Gas Co., Ltd., respectively [2][3]. - The transaction is expected to constitute a related party transaction and a significant asset restructuring, but it will not result in a restructuring listing [1][6]. Group 2: Financial Aspects - The share issuance price for the asset purchase is set at 3.07 yuan per share, which is not less than 80% of the average trading price over the previous 20, 60, or 120 trading days [6][7]. - Shengli Co., Ltd. plans to raise funds from no more than 35 specific investors to cover cash payments, intermediary fees, and repay bank loans for both the company and the target companies [5][7]. - The raised funds will also be used for project construction of the target companies, with a dual ceiling on the total amount raised [6][7]. Group 3: Strategic Intent - The restructuring aligns with Shengli Co., Ltd.'s strategy to solidify its core business, as natural gas and value-added services accounted for 77.75% of the company's revenue in the 2024 annual report [4]. - The company aims to secure more low-cost long-term gas supply agreements to reduce procurement costs and mitigate price volatility risks [4].

Core Viewpoint - The resignation of Wang Renzhen, the Executive Vice President of Bohai Automobile, comes at a critical time as the company is undergoing a significant asset restructuring, which has recently received approval from the Beijing State-owned Assets Supervision and Administration Commission [1][7]. Group 1: Executive Departure - Wang Renzhen submitted his resignation due to work adjustments and will no longer hold any position in the company after his departure [1]. - He has been with Bohai Automobile since January 2022 and has extensive experience in the automotive parts industry [2]. - Wang's annual salary was reported to be 1.1331 million yuan for 2024 [3]. Group 2: Financial Performance - Bohai Automobile has faced continuous financial pressure, with net losses reported at approximately 90.11 million yuan in 2021, 62.26 million yuan in 2022, 199 million yuan in 2023, and 1.264 billion yuan in 2024 [4]. - In the first three quarters of 2025, the company achieved a net profit of 210 million yuan, marking a turnaround, but this was largely due to the exclusion of previous losses from certain subsidiaries [5]. Group 3: Asset Restructuring - The company is in the process of a major asset restructuring, which includes acquiring stakes in several companies to expand its product line [6][7]. - The restructuring aims to enhance the company's core competitiveness by integrating the technological capabilities of the acquired companies [7]. Group 4: Risks and Concerns - The company has indicated potential risks associated with the asset restructuring, particularly concerning significant related-party transactions with major clients like Beijing Benz and other enterprises controlled by BAIC Group [9][10]. - Following the restructuring, the company anticipates continued unremedied losses, which may prevent cash dividends to shareholders [10].

Core Viewpoint - Shandong Shengli Co., Ltd. (stock code: 000407) is set to resume trading on November 11, 2025, after announcing plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of issuing shares and cash payments [1][4][7]. Group 1: Company Announcement - The company has been suspended from trading since October 28, 2025, due to the planned acquisition and fundraising activities, which were deemed to have uncertainties that could significantly impact trading [5]. - The company aims to enhance its profitability and market position in the gas industry through this acquisition, which aligns with industry development trends and is expected to strengthen its core competitiveness [7]. Group 2: Financial Performance - In the first three quarters of the year, the company reported a revenue of 3.042 billion yuan, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders was 120 million yuan, reflecting a year-on-year increase of 9.43% [8]. Group 3: Transaction Details - The acquisition involves a 51% stake in a company and a 40% stake in Qinghai Zhongyou Ganhe Industrial Park Gas Co., Ltd., with the goal of integrating industry resources and enhancing operational capabilities [6][7]. - The transaction is classified as a major asset restructuring but will not constitute a restructuring listing according to the regulations [7].

Core Viewpoint - Victory Co., Ltd. (000407) is set to resume trading on November 11, 2025, following announcements regarding a significant asset acquisition involving gas-related assets controlled by its major shareholder and affiliates [2][4]. Group 1: Transaction Details - The company plans to acquire 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai through a combination of share issuance and cash payment [1][4]. - This transaction is expected to enhance the company's core competitiveness and market position in the gas business, aligning with industry development trends [4]. Group 2: Financial Performance - For the first three quarters of the year, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to 120 million yuan [4][5]. - The company aims to improve total assets, net assets, operating income, and net profit through this transaction, which is anticipated to provide stable returns to investors [4].

Group 1 - The core point of the news is that Shengli Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and related parties through a combination of issuing shares and cash payment, with the stock resuming trading on November 11 [1] - The transaction involves acquiring 100% equity of Zhongyou Zhuhai, 100% equity of Tianda Shengtong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou, which will enhance the company's control over these assets [1][2] - The acquisition is expected to constitute a major asset restructuring and related party transaction, but it will not result in a restructuring listing [1] Group 2 - The target companies provide natural gas application services to industrial, commercial, and residential sectors, which aligns with industry development trends [2] - The transaction aims to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's layout in the gas industry [2] - After the transaction, the company's main business scope will remain unchanged, but its core competitiveness in the gas business will be further strengthened [2]

胜利股份（000407）即将复牌。 11月10日晚间，胜利股份发布多则公告，公告显示，公司拟通过发行股份及支付现金的方式，购买由公 司控股股东及其关联方控制的燃气类相关资产并募集配套资金，交易标的包括由中油投资持有的中油珠 海100%的股权、天达利通持有的天达胜通100%的股权以及由中油中泰持有的南通中油51%的股权、甘 河中油40%的股权。 同时，公司股票将于2025年11月11日(星期二)开市起复牌。 据悉，标的公司为由公司控股股东及其关联方控制的公司，主要面向工业、商业、居民等领域提供天然 气应用服务。胜利股份表示，通过本次交易，公司将发挥协同优势，整合行业资源、增强盈利能力、深 化燃气行业产业链布局。 胜利股份表示，本次交易契合行业发展趋势，将显著增强公司核心竞争力，提升公司在燃气业务的市场 地位。本次交易完成后，公司主营业务范围不会发生变化，核心竞争力将得到进一步巩固和加强。同 时，本次交易构成关联交易，预计构成重大资产重组但不构成重组上市。 胜利股份称，本次交易完成后，公司在总资产、净资产、营业收入、净利润等方面将有效提升，有助于 增强公司的盈利能力和核心竞争力，给投资者带来持续稳定的回报。 公开 ...