12月23日，沪硅产业盘中上涨2.04%，截至09:53，报21.53元/股，成交2.25亿元，换手率0.39%，总市值 687.79亿元。 资金流向方面，主力资金净流入409.82万元，特大单买入2348.21万元，占比10.43%，卖出1179.81万 元，占比5.24%；大单买入5642.63万元，占比25.06%，卖出6401.21万元，占比28.42%。 沪硅产业今年以来股价涨14.40%，近5个交易日涨5.85%，近20日涨2.97%，近60日涨0.98%。 机构持仓方面，截止2025年9月30日，沪硅产业十大流通股东中，易方达上证科创板50ETF（588080） 位居第八大流通股东，持股5957.95万股，相比上期减少866.94万股。华夏上证科创板50成份ETF （588000）位居第九大流通股东，持股5825.98万股，相比上期减少3286.12万股。香港中央结算有限公 司位居第十大流通股东，持股3885.40万股，相比上期减少346.25万股。 资料显示，上海硅产业集团股份有限公司位于中国(上海)自由贸易试验区临港新片区云水路1000号，成 立日期2015年12月9日，上市日期2020年4 ...

Group 1 - The core viewpoint of the news is that Haiguang Information has shown significant stock performance with a year-to-date increase of 46.85% and a recent rise of 11.10% over the last five trading days [1] - As of December 23, Haiguang Information's stock price reached 219.71 yuan per share, with a total market capitalization of 510.68 billion yuan [1] - The company has experienced a net outflow of main funds amounting to 2.6888 million yuan, with large orders accounting for 29.62% of total buying and 29.73% of total selling [1] Group 2 - Haiguang Information operates in the electronic industry, specifically in semiconductor and digital chip design, and is involved in concepts such as AI and big data [2] - For the period from January to September 2025, the company reported a revenue of 9.49 billion yuan, reflecting a year-on-year growth of 54.65%, and a net profit of 1.961 billion yuan, up 28.56% year-on-year [2] - The company has distributed a total of 743 million yuan in dividends since its A-share listing [3] Group 3 - As of September 30, 2025, the number of shareholders for Haiguang Information increased by 59.34% to 127,500, with an average of 18,230 circulating shares per person, up 64.54% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and several ETFs, with notable reductions in holdings for some [3]

（原标题：南财早新闻｜ "粤车南下"车主今起可驶入香港市区；黄金再创历史新高） 2、深市并购重组市场今年以来"质"与"量"齐头并进。最新数据显示，深市年内新增披露并购重组1104 单，金额合计5537亿元，分别同比增长54%和55%。其中，新增披露重大资产重组突破百单，同比增长 60%。 1、22日，央行发布一次性信用修复政策有关安排，针对特定时期内、单笔金额在1万元以下的小额个人 逾期信息，将实施一次性信用修复，"免申即享"，信用卡、房贷、消费贷等均可适用。专家表示，一次 性信用修复政策绝非"征信洗白"，只有全额结清逾期债务才能享受信用修复政策。 2、中国12月LPR出炉，1年期为3.0%，5年期以上LPR为3.5%，均连续7个月保持不变。政策利率保持稳 定、银行业净息差承压这两个直接原因导致12月两个期限品种的LPR报价保持不变。 3、今天（23日）零时，"粤车南下"驶入香港市区政策正式落地实施。广东首批四个城市（广州、珠 海、江门、中山）的私家车经港珠澳大桥可直接驶入香港市区，单次停留最长可达3天。 1、据新华社，12月22日下午，十四届全国人大常委会第十九次会议听取国务院关于2024年度中央预算 执行 ...

◎记者 时娜 2025年，并购重组市场"质"与"量"齐头并进。以深交所市场为例，截至12月19日，深市年内新增披露并 购重组1104单，金额合计5537亿元，同比分别增长54%和55%。其中，新增披露重大资产重组突破百 单，同比增长60%，产业并购占比达八成，七成并购标的集中于半导体、信息技术、装备制造等新质生 产力领域。 制度优化激活市场内生动力 4月6日申请获受理，6月6日成功"过会"，TCL科技发行股份收购华星半导体少数股权的交易，仅用了61 个自然日就走完了交易所端的审核全流程。这笔作价116亿元的交易，进一步巩固了TCL科技在显示面 板领域的领先地位。 TCL科技发行股份购买资产只是今年深市109单重大资产重组交易中的一个。今年以来，深市并购重组 活动明显增加，并购重组审核效率也显著提升。数据显示：年内深交所受理重大资产重组41单，同比大 增273%；审核通过重大资产重组15单，同比增长114%；从受理到重组委审议通过，平均时长同比缩短 22%。 不仅如此，深市并购市场还涌现出大量"标杆案例""首单突破"。比如：汇绿生态跨界收购钧恒科技，切 入高端光模块领域，打造"园林工程+光通信"双主业驱动格局， ...

日前，天津证监局对外公布了"十四五"期间天津资本市场发展的相关数据。数据显示，天津资本市场以 金融创新服务科技创新和产业创新，促进资本要素与科创资源、产业需求有效对接，为实体经济提供坚 实有力的硬核支撑。 "含科量""含新量"持续提升 值得注意的是，资本市场与科技创新深度融合，"含科量""含新量"持续提升。多部门协同加大对科技型 企业培育孵化力度，鼓励上市公司专注研发强化科技创新驱动，引导各类企业加大创新品种债券运用力 度。天津辖区14家公司在A股发行上市，其中近八成为科技型企业。 "十四五"期间，6家上市公司借助重大资产重组出清低效资产转入新兴产业或拓展第二增长曲线，近五 分之一上市公司通过再融资扩大生产规模或投资产业链薄弱环节。2024年9月份"并购六条"发布后，天 津辖区上市公司并购重组金额超260亿元。目前，天津辖区40家上市公司隶属天津市重点产业链企业， 总市值占比近七成。其中，23家为细分产业链链主企业，3家为国家级链主企业。上市公司已成为高端 装备、信创、生物医药等产业链的主力军和引领者。 总体来看，天津辖区境内上市公司量质双升，总数已达71家，较"十三五"期末同比增长18%；总市值破 1.66 ...

Core Viewpoint - The announcement of the acquisition and fundraising by Wuxin Tunnel Equipment marks the first successful implementation of the "merger and acquisition six guidelines" in the Beijing Stock Exchange, indicating a new development phase for the company [1] Group 1: Acquisition Details - Wuxin Tunnel Equipment plans to acquire 99.9057% of Huaihua Xingzhong Technology Co., Ltd. and 100% of Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. through a combination of share issuance and cash payment [1] - The acquisition aims to build a diversified system covering four major areas: transportation infrastructure, energy infrastructure, mining, and port logistics, driving sustainable high-quality development for the listed company [1] Group 2: Synergy and Market Impact - The synergy between Wuxin Tunnel Equipment, Xingzhong Technology, and Wuxin Heavy Industry is expected to create a "fusion effect," enhancing value for shareholders [2] - The integration of customer resources and expertise from the three companies will facilitate rapid implementation of shared resources post-transaction, contributing to high-quality development [2] - The transaction will optimize sales service network layouts, reducing personnel costs and allowing more resources to be allocated to improve network coverage density [2] Group 3: Financial Projections - Post-transaction, Wuxin Tunnel Equipment's projected revenues for 2024 and the first nine months of 2025 are estimated at 2.621 billion yuan and 1.937 billion yuan, representing increases of 228.10% and 231.75% respectively compared to pre-transaction figures [4] - The net profit attributable to the parent company is projected to be 422 million yuan and 278 million yuan for the same periods, reflecting increases of 303.73% and 319.50% respectively [4] - The company aims to achieve a sales target of over 10 billion yuan within the next ten years, with the acquisition expected to accelerate business expansion and enhance market position [4] Group 4: Strategic Insights - The acquisition serves as a benchmark for significant asset restructuring in the Beijing Stock Exchange, emphasizing the importance of strategic value over mere percentage ownership [6] - The approach taken by Wuxin Tunnel Equipment and Xingzhong Technology highlights the potential for value co-creation in mergers and acquisitions, moving away from zero-sum games [6] Group 5: Professional Team and Governance - The successful execution of the restructuring is attributed to a professional team well-versed in capital operations and corporate governance, providing valuable practical references for similar operations in the Beijing Stock Exchange [7] - The team has received recognition for its contributions to corporate governance and investor relations, underscoring its capability in ensuring effective information disclosure and compliance [7]

当前，广西广电重大资产置换已实施完成，公司表示，未来将依托上市公司的品牌效应以及资本市场赋能，加大对科技研发投入，积极拓展区外市场业务 和产业延伸，持续提升市场化竞争能力。 2024年以来，并购重组市场迎来政策红利密集释放期。广西广电积极响应国家战略与自治区部署，依托北投集团全方位支持赋能，高效推进重大资产置换 工作落地。 具体来看，公司于今年1月17日发布《关于筹划重大资产置换暨关联交易的提示性公告》，首次公开披露重大资产重组计划；5月29日正式发布详细交易草 案，全面保障市场信息公开透明；8月29日顺利完成全部资产交割，成功置出所持广电科技100%股权、置入广西交科集团51%股权，整个重大资产重组历 程仅用225天。 同时，公司重组后赋能成效显著，改革红利加速释放。今年前三季度，公司营业收入同比增长47.99%，归母净利润同比增加3.31亿元。 近日，2025上证（巢湖）上市公司高质量发展大会在合肥举办，会上揭晓了2025年度"上证鹰·金质量"评选榜单。北投集团控股的上市公司广西广电凭借 并购重组领域的标杆实践与突出成效，成功斩获"并购重组奖"，成为国企深化改革、优化资源配置的典型范例。 2025"上证鹰 ...

Group 1 - The A-share market in 2025 experienced fluctuations but lacked the intensity of previous bull markets, characterized by a "slow bull" trend under the overarching theme of "boosting confidence, promoting growth, and stabilizing expectations" [1][11] - Key investment themes included long-term capital, leading technology innovation, and mergers and acquisitions, with high-frequency mentions of concepts like artificial intelligence and humanoid robots [1][11] - The report by Southeast Finance introduced a series titled "Top Ten Hot Words in the 2025 Capital Market," reflecting the diverse responses of the A-share market and Ningbo's unique vitality and resilience [1][11] Group 2 - In 2025, the number of new IPOs in Hong Kong reached 113, nearly doubling from the previous year and surpassing A-shares, with total fundraising amounting to 2730.12 billion RMB, making it the highest globally [5][16] - The "A+H" IPO fundraising total reached 1508.31 billion RMB, accounting for over 80% of the total H-share fundraising, nearly three times that of 2024 [5][16] - Notable companies that raised over 100 billion RMB through "A+H" IPOs included CATL with 377.01 billion RMB and Zijin Mining International with 262.32 billion RMB [6][17] Group 3 - The first company from Ningbo to achieve "A+H" dual listing was Junsheng Electronics, which raised 31 billion RMB on November 6, 2025, marking the beginning of Ningbo A-share companies listing in Hong Kong [10][21] - Other Ningbo companies that went public included Aokas Electric, which raised 202.87 billion RMB, and Junsheng Electronics, which raised 241.84 billion RMB [19][21]

Group 1 - The capital market's M&A activities in the Shenzhen market are experiencing significant growth, driven by policy benefits, precise regulatory support, and proactive market participants, leading to a dual increase in both quality and quantity of transactions [1] - Since 2025, there have been 1,104 newly disclosed M&A transactions in the Shenzhen market, totaling 553.7 billion yuan, representing a year-on-year increase of 54% and 55% respectively; major asset restructurings have exceeded 100, with a year-on-year growth rate of 60% [1] - In addition to major asset restructurings, there have been 995 cash acquisitions that did not meet the major asset restructuring standards, accounting for 90% of the total restructuring activities during the same period, indicating a trend towards smaller, embedded acquisitions that enhance company quality [1] Group 2 - Among the 109 major asset restructurings, 80% were industry mergers and acquisitions, and 70% involved new quality productivity targets, with strategic emerging industries such as semiconductors, information technology, and equipment manufacturing being the core focus [2] - Notable transactions include Electric Power Investment Corporation's acquisition of nuclear power assets worth 55.4 billion yuan, establishing a specialized nuclear power operation platform, and Huatian Technology's acquisition of semiconductor company Huayi Microelectronics, optimizing the company's industrial layout [2] Group 3 - The emergence of benchmark cases and diverse restructuring models is evident, with cross-industry mergers facilitating transformation, such as Huylin Ecological's acquisition of Junheng Technology to enter the high-end optical module sector [3] - Innovative transaction models are addressing industry challenges, exemplified by Hailianxun's absorption and merger of Hangqilun B, becoming the first "A absorbs B" case post-implementation of the "six merger rules" [3] - Various payment tools are being utilized, such as Guangku Technology's combination of share issuance, targeted convertible bonds, and cash for restructuring payments, enhancing transaction flexibility and reinforcing incentive constraints [3] Group 4 - Since 2025, the Shenzhen Stock Exchange has received 41 major asset restructuring applications, a year-on-year increase of 273%, with 15 approvals, marking a 114% increase; the average time from application to approval has been reduced by 22% [4] - TCL Technology's acquisition of a minority stake in Huaxing Semiconductor for 11.6 billion yuan serves as a typical example of efficient review services for the real economy, with the transaction taking only 61 days from application to approval [4] - The Shenzhen Stock Exchange plans to continue implementing the "six merger rules," enhancing regulatory service efficiency and supporting the successful execution of more benchmark restructuring projects [4]

责编：万健祎 校对：高源 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 资本市场并购重组的 "深市活力"正加速释放。 记者梳理发现， 作为优化资源配置、培育新 质生产力、推动产业迭代升级的 重要手段 ， 深市 并购重组在政策红利持续释放、监管服务 精准赋能与市场主体积极作为的三重驱动下，呈现出 "质""量 " 齐升的蓬勃态势。 数据见证 并购重组市场活力 。 2025年以来，深市新增披露并购重组1104单，金额合计5537 亿元，分别同比增长54%和55%；重大资产重组更是突破百单，同比增幅高达60%，市场活 跃度与交易规模实现 双升 。 除重大资产重组外，深市小步并购、嵌入式并购亦可圈可点。2025年以来，深市新增披露未 达到重大资产重组标准的现金并购995单，占同期重组数量的90%。通过小步伐、嵌入式并 购，上市公司围绕主业强链补链，整合效果好，推进效率高，在提升公司质量方面也发挥着 重要作用。如立讯精密（002475）上市后开展嵌入式并购超20次，市值由70亿元增长至超 4000亿元，成长为苹果产业链重要公司。 "产业并购+ ...