Core Viewpoint - The company plans to acquire 100% equity of several agricultural companies and 80% equity of another company through a combination of issuing shares and cash payment, indicating a strategic move to expand its business operations in the agricultural sector [1][4]. Group 1: Acquisition Details - The acquisition involves companies such as Beixi Agriculture, Ruidong Weili, Xinmu Agriculture, and others, primarily engaged in pig farming and sales [4]. - The transaction price for the acquisition is yet to be determined, pending the completion of auditing and evaluation work [4]. Group 2: Business Expansion - Following the acquisition, the company aims to transition from solely producing pig feed to a vertically integrated model that includes feed production, pig farming, and sales [5]. - The company specializes in various animal feed products and has a strong market presence in regions like Shandong and Northeast China, with plans to expand nationwide [4]. Group 3: Financial Performance - In 2024, the company reported a revenue of 2.542 billion yuan, a year-on-year increase of 54.36%, while the net profit attributable to shareholders decreased by 40.24% to 50.13 million yuan [5]. - For the first quarter of the current year, the company achieved a revenue of 1.076 billion yuan, reflecting a significant year-on-year growth of 160.84%, and a net profit of 28 million yuan, up 37.71% [5]. Group 4: Industry Context - Recent supportive policies have been introduced to encourage companies to utilize capital markets for mergers and acquisitions, promoting industry consolidation and upgrading [7]. - The China Securities Regulatory Commission has emphasized the importance of mergers and acquisitions in resource allocation and enhancing investment value [7].

证券代码：000736 证券简称：*ST 中地 公告编号：2025-067 债券代码：149610 债券简称：21 中交债 债券代码：148385 债券简称：23 中交 04 债券代码：148551 债券简称：23 中交 06 债券代码：134164 债券简称：25 中交 01 债券代码：133965 债券简称：25 中交 02 债券代码：134197 债券简称：25 中交 03 中交地产股份有限公司第十届监事会 第三次会议决议公告 本公司及监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。 中交地产股份有限公司（以下简称"公司"或"中交地产"）于 通知，2025 年 6 月 16 日，公司第十届监事会第三次会议以现场方式 召开，会议应到监事 3 人，实到监事 3 人，公司监事均亲自出席本次 会议。本次会议由监事会主席叶朝锋先生主持，会议符合《公司法》 和公司《章程》的有关规定。经与会全体监事审议，形成了如下决议： 一、以 3 票同意、0 票反对、0 票弃权的表决结果审议通过《关 于本次交易符合上市公司重大资产重组相关法律法规规定的议案》。 公司拟将持有的房地产开发业务相 ...

证券代码：600960 证券简称：渤海汽车 公告编号：2025-045 渤海汽车系统股份有限公司 第九届监事会第七次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 渤海汽车系统股份有限公司（以下简称"公司"或"上市公司"）第九届监事 会第七次会议通知于2025年6月13日以电子邮件、电话通知的方式发出，于2025 年6月16日以现场结合视频会议的方式召开，本次会议应出席监事3名，实际出席 议召开符合《中华人民共和国公司法》（以下简称"《公司法》"）和《渤海汽 车系统股份有限公司章程》（以下简称"《公司章程》"）等相关规定。会议审 议并通过了以下议案： 二、监事会会议审议情况 （一）审议通过《关于公司符合上市公司发行股份及支付现金购买资产并募 集配套资金条件的议案》 公司拟以发行股份及支付现金的方式购买北京海纳川汽车部件股份有限公 司（以下简称"海纳川"或"交易对方"）持有的英纳法智联科技（北京）有限公司 有限公司 51%股权和廊坊莱尼线束系统有限公司 50%股权（英纳法智联科技（北 京）有 ...

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内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 广东天亿马信息产业股份有限公司（以下简称"公司"）正在筹 划发行股份及支付现金方式购买资产并募集配套资金事项（以下简称 "本次交易"）。根据《上市公司重大资产重组管理办法》等相关规 定，本次交易预计构成重大资产重组，不构成重组上市。鉴于本次交 易尚处于筹划阶段，存在不确定性，为保证公平信息披露，维护投资 者利益，避免对公司证券交易造成重大影响，根据深圳证券交易所的 相关规定，经公司申请，公司股票（证券简称：天亿马，证券代码： 证券代码：301178 证券简称：天亿马 公告编号：2025-047 广东天亿马信息产业股份有限公司 关于筹划发行股份及支付现金方式购买资产 公司预计将在停牌后不超过 10 个交易日的时间内披露本次交易 方案，即在 2025 年 6 月 24 日前按照《公开发行证券的公司信息披露 内容与格式准则第 26 号——上市公司重大资产重组》的要求披露相 关信息。具体内容详见公司 2025 年 6 月 10 日披露于巨潮资讯网 （www.cninfo.com.cn）等 ...

证券代码：002456 证券简称：欧菲光 公告编号：2025-050 欧菲光集团股份有限公司 关于披露发行股份及支付现金购买资产并募集配套 资金预案后的进展公告 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。 自本次交易预案披露以来，公司及相关各方积极推进本次交易的各项工作， 截至本公告披露之日，本次交易的相关尽职调查、审计、评估等工作尚未完成。 待本次交易涉及的尽职调查、审计、评估等事项完成后，公司将再次召开董事会， 对本次交易的正式方案等相关事项进行审议并披露重组报告书，并依照法律法规 规定履行有关的后续审批程序及信息披露义务。 一、本次交易基本情况 公司拟通过发行股份及支付现金的方式购买南昌市产盟投资管理有限公司 持有的欧菲微电子（南昌）有限公司（以下简称"欧菲微电子"）28.2461%股权 并募集配套资金（以下简称"本次交易"）。经初步测算，本次交易预计构成重 大资产重组，但不构成重组上市，且预计不构成关联交易。 二、本次交易的历史披露情况 公司证券（证券简称：欧菲光，证券代码：002456）自 2025 年 4 月 1 日（星期 第 1 页/共 2 ...

证券代码：000688 证券简称：国城矿业 公告编号：2025-049 国城矿业股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 特别提示： 公司拟通过支付现金和承担债务的方式购买国城控股集团有限公司持有的 内蒙古国城实业有限公司（以下简称"国城实业"）不低于 60%的股权（以下简 称"本次交易"）。本次交易完成后，国城实业将成为公司的控股子公司。 本次交易构成关联交易，预计构成重大资产重组，不构成重组上市。 的《国城矿业股份有限公司重大资产购买暨关联交易预案》（以下简称"本次交 易预案"）及其摘要中已对本次交易涉及的有关风险因素及尚需履行的审批程序 进行了详细说明，公司将根据相关事项的进展情况，及时履行信息披露义务，提 请广大投资者关注后续进展公告并注意投资风险。 未发现可能导致公司董事会或者交易对方撤销、中止本次重组方案或者对本次重 组方案作出实质性变更的相关事项，本次交易工作正在有序进行中。 一、本次交易的基本情况 二、本次交易的进展情况 监事会第十四次会议，审议通过了《关于 <国城矿业股份有限公司重大资产购买> 暨关联交易预案>及其摘要的 ...

Core Viewpoint - The news highlights the recent performance and strategic developments of Sugon Information Industry Co., Ltd. (中科曙光), including its stock price increase and the ongoing merger with Haiguang Information Technology Co., Ltd. (海光信息) through a share swap. Trading Information Summary - As of June 13, 2025, Sugon closed at 68.49 yuan, up 10.65% from the previous week’s 61.9 yuan, with a weekly high of 73.11 yuan and a low of 67.6 yuan. The total market capitalization is 100.215 billion yuan, ranking 2nd in the computer equipment sector and 135th in the A-share market [1]. Institutional Research Highlights - The merger is the first absorption merger case following the revision of the Major Asset Restructuring Management Measures. The board has approved the initial review, and further approvals are required from the Shanghai Stock Exchange and the China Securities Regulatory Commission [3][4]. - The pricing mechanism for the merger is based on a market-oriented approach, considering the long-term value of the company rather than short-term stock price fluctuations [3][4]. - The merger aims to achieve synergies in business, technology, and resources between Sugon and Haiguang, enhancing both companies' capabilities [3]. Company Announcement Summary - The board of directors held meetings on June 6 and June 8, 2025, approving several resolutions related to the merger, including the adjustment of stock repurchase prices and the approval of the merger plan with Haiguang [7][8][9]. - The share swap ratio is set at 1:0.5525, meaning one share of Sugon can be exchanged for 0.5525 shares of Haiguang [9][14]. - The company will provide cash options for dissenting shareholders, with the cash price set at 61.90 yuan per share, reflecting the closing price before the merger announcement [4][6]. Additional Information - The merger will result in Sugon ceasing to be listed, with Haiguang inheriting all assets, liabilities, and rights of Sugon [14][17]. - The company plans to hold an investor briefing on June 11, 2025, to address investor concerns regarding the merger [19].

Core Viewpoint - *ST Baoshi is undergoing a significant asset restructuring, shifting from a share issuance model to a cash payment model for the acquisition of new energy assets due to uncertainties in subsidy recovery and project implementation progress [2][3][4]. Group 1: Restructuring Details - On June 6, *ST Baoshi announced adjustments to its asset restructuring plan, opting for cash payments instead of issuing shares for the asset swap [3][4]. - The transaction involves the exchange of *ST Baoshi's bearing business assets for 100% equity of Ningxia Electric Power Investment Group's subsidiary, Ningxia Electric Power Investment New Energy Co., Ltd. [3][4]. - The transaction values the acquired new energy assets at 8.09 billion yuan and the divested assets at 4.68 billion yuan, resulting in a cash payment difference of 3.41 billion yuan [4]. Group 2: Business Transformation - Following the restructuring, *ST Baoshi will shift its main business focus from bearing production to investments and operations in wind power, solar energy, and energy storage [4][5]. - The new energy assets include approximately 680 MW of wind and solar power capacity and 300 MW/600 MWh of energy storage capacity [5]. Group 3: Financial Performance and Challenges - *ST Baoshi has faced declining revenues and profitability, with a reported revenue of 237 million yuan in 2024, down 20.46% year-on-year, and a net loss of 167 million yuan [9]. - The company has been in a continuous loss state since 2008, with its bearing business showing a negative gross margin of -4.73% in 2024 [9]. - The new energy sector is experiencing increased competition, leading to a downward trend in gross margins for the new energy assets, which were 51.63%, 39.03%, and 41.61% for 2023, 2024, and Q1 2025 respectively [6]. Group 4: Future Outlook - *ST Baoshi expresses optimism that the restructuring will enhance its profitability and financial stability, with projected net profits for the new energy assets set at no less than 75.85 million yuan for 2025 [5][10]. - The success of this restructuring in reversing the company's fortunes and avoiding delisting remains to be seen [11].

现在有一些发展势头很不错的高科技企业，由于受到一些现实因素的影响，短期内无法上市，不能借助 资本市场快速成长。与此同时，现在股市上也有一些传统产业的企业，由于转型不及时，在剧烈的市场 竞争中落伍了，仅仅依靠其自身的力量很难扭转颓势，以至被戴上ST帽子，其退市的风险也越来越 大。在这种情况下，如果让符合条件的高科技公司与从事传统产业的公司，特别是其中的ST公司进行 重组，这样不但化解了ST公司的经营风险，也使得高科技公司的优质资产能够在资本市场上实现证券 化，从而实现双赢的目标。 桂浩明 每逢年报披露后的一段时期，证券市场上ST股票走势往往会比较疲弱。因为有些ST股进入退市程序， 将被强制摘牌。受此影响，市场上ST股票行情出现降温，此时投资者更加关注有较好分红方案的品 种。但今年情况有所不同，近两个月来ST股票颇为活跃，甚至出现了一些个股在短期内股价翻番的情 况，引来市场关注。 所谓ST股票，大部分是财务状况存在异常的股票，存在较大的退市风险。这几年，监管部门强化了退 市制度的执行，每年在年报披露后往往会有一批因为财务指标不符合要求的公司被退市，在每年年报集 中披露前，一些ST公司就开始明显下跌。 今年监管部门 ...

Core Viewpoint - The company is unable to issue a notice for the shareholders' meeting regarding the asset acquisition and related transactions within the stipulated timeframe due to ongoing negotiations on transaction terms with relevant parties [1][4][5]. Group 1: Transaction Overview - The company plans to issue shares and pay cash to acquire 100% equity of Yunnan Energy Investment Honghe Power Co., Ltd. from three parties: Yunnan Power Investment Co., Ltd., Yunnan Xiaolongtan Mining Bureau Co., Ltd., and Yunnan Hehe (Group) Co., Ltd. [2][3] - This transaction is expected to constitute a major asset restructuring as defined by the relevant regulations, and it is classified as a related party transaction but does not qualify as a restructuring listing [2][3]. Group 2: Progress and Challenges - Since the disclosure of the transaction proposal, the company and the relevant parties have been actively working on the transaction, including hiring intermediaries for auditing, evaluation, and due diligence [3][5]. - As of the announcement date, further decisions on transaction terms are still required from the relevant parties, which has led to the inability to issue a notice for the shareholders' meeting within the six-month period following the initial board resolution [4][5]. Group 3: Future Steps - The company will continue to coordinate and advance the transaction, with plans to reconvene the board to review the transaction details and set a new pricing benchmark date for the share issuance [5][6]. - The company is committed to adhering to legal and regulatory requirements for the approval and disclosure processes related to this transaction [6].