Core Viewpoint - The company Beijiete (300774.SZ) has approved the acquisition of a 55% stake in Wenshan Dahao Mining Development Co., Ltd. for a cash consideration of 224.8 million RMB, which is part of a strategic move to secure key raw material supplies and enhance its competitive edge in the industry [1][2]. Group 1: Acquisition Details - The acquisition involves Beijiete's wholly-owned subsidiary, Beijiete New Materials, entering into an equity transfer agreement with the current shareholders of Dahao Mining [1]. - The total debt of Dahao Mining as of October 31, 2025, is 191.2813 million RMB, with Beijiete New Materials planning to address 105.2047 million RMB of this debt through a loan after the transaction is completed [1]. - The remaining debt of 86.0766 million RMB will be transferred to one of the sellers, ensuring a structured approach to debt management post-acquisition [1]. Group 2: Strategic Importance of Mining Resources - Dahao Mining primarily holds antimony, tungsten, and lead-zinc ores, with antimony being crucial for various industrial applications, including flame retardants and batteries [2]. - Tungsten is identified as an irreplaceable strategic resource for national defense and economic development, with demand stemming from sectors such as automotive and aerospace [2]. - The acquisition aligns with the company's strategy to integrate upstream raw material supply, enhancing the efficiency and resilience of its entire supply chain, which includes mining, smelting, and recycling processes [2].

倍杰特（300774）(300774.SZ)公告，公司全资子公司倍杰特(北京)新材料科技有限公司(简称"倍杰特新 材料")拟以自有资金或自筹资金2.25亿元收购汤玮、龙岩市小娘坑矿业有限公司(简称"小娘坑矿业")、 王育才合计持有的文山州大豪矿业开发有限公司(简称"大豪矿业")55%股权。交易完成后，大豪矿业纳 入公司合并报表范围。 公告显示，大豪矿业尚未盈利，主要系其所属矿山尚未完成建设开发，尚无经营导致。本次收购属于上 下游产业链并购，核心目的是打通产业链上下游，提升整个产业链条的效率和抗风险能力。本次交易是 该项工艺技术储备的基础上，向上游锁定关键原材料供应、实现全链条产业化应用的战略延伸，从末端 的"回收"环节，逆向整合至前端的"原料"与"冶炼"，打通产业链上下游，包含锑开采、锑冶炼、锑产品 生产、锑回收和锑资源保障全产业链。收购的锑资源能满足公司的自用需求，交易完成后，能帮助公司 实现稳定的原料供应及控制成本，并提升整个产业链条的效率和抗风险能力。 ...

公告显示，大豪矿业尚未盈利，主要系其所属矿山尚未完成建设开发，尚无经营导致。本次收购属于上 下游产业链并购，核心目的是打通产业链上下游，提升整个产业链条的效率和抗风险能力。本次交易是 该项工艺技术储备的基础上，向上游锁定关键原材料供应、实现全链条产业化应用的战略延伸，从末端 的"回收"环节，逆向整合至前端的"原料"与"冶炼"，打通产业链上下游，包含锑开采、锑冶炼、锑产品 生产、锑回收和锑资源保障全产业链。收购的锑资源能满足公司的自用需求，交易完成后，能帮助公司 实现稳定的原料供应及控制成本，并提升整个产业链条的效率和抗风险能力。 智通财经APP讯，倍杰特(300774.SZ)公告，公司全资子公司倍杰特(北京)新材料科技有限公司(简称"倍 杰特新材料")拟以自有资金或自筹资金2.25亿元收购汤玮、龙岩市小娘坑矿业有限公司(简称"小娘坑矿 业")、王育才合计持有的文山州大豪矿业开发有限公司(简称"大豪矿业")55%股权。交易完成后，大豪 矿业纳入公司合并报表范围。 ...

Core Viewpoint - The company Beijite (300774) announced the acquisition of a 55% stake in Wenshan Dahao Mining Development Co., Ltd. for 225 million yuan, aiming to enhance its supply chain and resource utilization in the antimony sector [1] Group 1: Acquisition Details - The acquisition will allow Beijite to consolidate its operations by including Dahao Mining in its consolidated financial statements [1] - The transaction is based on the company's technological advancements in the resource recovery of heavy metal wastewater, specifically in the efficient recovery of antimony from wastewater and sludge [1] Group 2: Strategic Implications - This acquisition represents a strategic extension of the company's operations from the recycling phase to securing upstream raw material supply, thereby integrating the entire industrial chain [1] - The integration includes antimony mining, smelting, product production, recycling, and resource assurance, enhancing the company's operational efficiency and risk resilience [1] Group 3: Operational Benefits - The acquired antimony resources will meet the company's internal demand, ensuring stable raw material supply and cost control post-acquisition [1] - The transaction is expected to improve the overall efficiency of the entire industrial chain [1]

倍杰特公告，全资子公司倍杰特（北京）新材料科技有限公司拟以自有资金或自筹资金2.25亿元收购文 山州大豪矿业开发有限公司55%股权。本次交易完成后，大豪矿业将成为倍杰特的控股子公司并纳入合 并报表范围。此次收购旨在打通产业链上下游，提升产业链效率和抗风险能力。大豪矿业目前尚未盈 利，主要因所属矿山尚未完成建设开发。交易尚需办理股权工商变更登记手续，存在不确定性。 ...

Group 1 - The A-share market is experiencing a surge in investment interest in the semiconductor sector, particularly with the entry of "cross-border players" [1] - Companies like Hunan Heshun Petroleum and Dream Home are planning acquisitions to gain control over semiconductor firms, indicating a trend of cross-industry investment [1] - Internal players in the semiconductor industry are also engaging in capital operations for technological enhancement and vertical integration, as seen with Shenzhen Yintang and Suzhou Su Dawei Ge [1] Group 2 - Companies such as Chipone Microelectronics and Hunan Guokewei are initiating mergers and acquisitions across various core areas of the semiconductor industry, highlighting a clear trend of industry consolidation [2] - The vertical integration of industry chain enterprises is expected to optimize the structure and enhance the overall efficiency and competitiveness of China's semiconductor industry [2] - A number of domestic semiconductor companies are accelerating their entry into the capital market, with several IPOs being approved or registered in November [2] Group 3 - The investment enthusiasm in listed companies reflects the significant development potential and strategic value of the semiconductor industry [3] - The global semiconductor market is projected to reach 43.71 trillion yuan by 2024 and grow to 65.48 trillion yuan by 2029, while China's market is expected to reach 16.02 trillion yuan in 2024 and 28.13 trillion yuan by 2029 [3] - Future development in the semiconductor industry will see deeper specialization in segments like design, manufacturing, and testing, driven by actual demand in automotive electronics and IoT [3]

Group 1 - The report highlights that the Beijing Stock Exchange (BSE) has entered a new phase of "quality improvement and efficiency enhancement" in the M&A market, driven by corporate development and policy guidance [6][21]. - The number of M&A events in 2023 and 2024 significantly increased, reaching 69 and 75 respectively, compared to only 30 in 2022, indicating a robust growth trend [6][21]. - The report notes that the total number of M&A events over four years reached 219, excluding failed cases, with a marked increase in transaction amounts [3][6]. Group 2 - In the recent period, 30 new M&A transactions exceeding 100 million yuan were disclosed, totaling 18.1 billion yuan, with significant projects in emerging industries such as new energy and biomedicine [3][4]. - The report identifies key companies involved in M&A activities, such as Dingzhi Technology and Haineng Technology, which have been actively pursuing horizontal and vertical integration within their respective industries [14][17]. - The report emphasizes that the BSE's M&A activities are increasingly focused on vertical expansion, business upgrades, and market expansion, particularly in high-growth sectors like intelligent manufacturing and new energy [18][21]. Group 3 - Dingzhi Technology has completed nine M&A transactions from 2023 to 2025, primarily focusing on enhancing its supply capabilities through strategic acquisitions [14][15]. - Haineng Technology has engaged in six M&A transactions since its listing, mainly expanding its product categories in the scientific instrument sector [17][18]. - The report indicates that the BSE's M&A market is characterized by a focus on technology innovation and industry chain integration, which is expected to continue driving high-quality development for listed companies [21].

长江商报消息 ●长江商报记者 徐佳 从参股到控股，盘古智能（301456.SZ）两笔收购拿下长沙众城石油化工股份有限公司（以下简称"众城石化"）。 日前，盘古智能披露投资计划，拟以自有资金2464.2万元收购参股公司众城石化11.97%股份。 长江商报记者注意到，2024年初，盘古智能作价4744.62万元入股众城石化。时隔一年多再次收购众城石化股权， 本次交易完成之后，盘古智能持有众城石化的股份比例由35.34%增加至47.31%，进而取得众城石化的控制权，众 城石化将成为盘古智能的控股子公司。通过两笔交易，盘古智能合计将耗资7208.82万元。 加速深化公司在润滑油脂领域的战略布局、完善产品与服务体系、整合双方资源以提升综合竞争力，是盘古智能 再次收购众城石化股份的主要原因。 在国内风电行业快速发展的背景下，作为国内最早进入风电行业集中润滑系统领域的企业之一，盘古智能推动集 中润滑系统和液压系统双业务发展。2025年前三季度，盘古智能实现营业收入4.73亿元，同比增长37.6%；归属于 上市公司股东的净利润（以下简称"归母净利润"）6062.07万元，同比增长9%。 标的前9月营收1.27亿估值2亿 早在 ...

再现"港股吃A股" 华检医疗拟控股创业慧康 ◎记者郭成林 停牌一周后，创业慧康披露了控制权变更预案。11月17日，创业慧康连发多份公告，披露了第一大股东 葛航与杭州更好智投管理咨询合伙企业（有限合伙）（下称"杭州更好"）的一揽子交易安排。 同时，杭州更好的母公司、在港股上市的华检医疗发布公告，详尽阐述了此次收购的战略意图。这也是 资本市场再度出现"港股吃A股"的并购案例。 "这笔交易折射出医疗产业的深层变革趋势。"和泰投资医疗行业研究员杨嘉芸对上海证券报记者说，随 着AI技术渗透与政策推动，医疗行业正从设备销售、系统集成等单点服务，向数据驱动的智慧医疗生 态演进，跨界整合已成为医疗头部企业的共同选择。 "三步走"锁定控制权 据公告，本次控制权变更是一个环环相扣的"三步走"计划。 首先，以"协议转让+表决权委托"的方式集结控制力量。 据公告，葛航拟通过协议转让方式，将其持有的创业慧康9652万股（占总股本的6.23%）股份转让给杭 州更好，转让价格为5.18元/股，总价款为5亿元。同时，葛航将其持有的全部公司股份对应的表决权不 可撤销地全权委托给杭州更好行使。此外，另一重要股东锦福源（海南）私募基金管理合伙企业 ...

张大伟 制图 华检医疗 拟控股创业慧康 ◎记者 郭成林 停牌一周后，创业慧康披露了控制权变更预案。11月17日，创业慧康连发多份公告，披露了第一大股东 葛航与杭州更好智投管理咨询合伙企业（有限合伙）（下称"杭州更好"）的一揽子交易安排。 同时，杭州更好的母公司、在港股上市的华检医疗发布公告，详尽阐述了此次收购的战略意图。这也是 资本市场再度出现"港股吃A股"的并购案例。 "这笔交易折射出医疗产业的深层变革趋势。"和泰投资医疗行业研究员杨嘉芸对上海证券报记者说，随 着AI技术渗透与政策推动，医疗行业正从设备销售、系统集成等单点服务，向数据驱动的智慧医疗生 态演进，跨界整合已成为医疗头部企业的共同选择。 "三步走"锁定控制权 据公告，本次控制权变更是一个环环相扣的"三步走"计划。 再现"港股吃A股" 首先，以"协议转让+表决权委托"的方式集结控制力量。 据公告，葛航拟通过协议转让方式，将其持有的创业慧康9652万股（占总股本的6.23%）股份转让给杭 州更好，转让价格为5.18元/股，总价款为5亿元。同时，葛航将其持有的全部公司股份对应的表决权不 可撤销地全权委托给杭州更好行使。此外，另一重要股东锦福源（海南）私 ...