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业内直击并购重组核心话题!审核效率、估值倒挂、跨界整合难度......
证券时报· 2025-05-21 00:13
聚焦并购热点。 从企业家角度看,随着社会变迁与经济发展,企业必须向现代化管理方向转型,这就涉及人才、文化、组织架 构等多方面变革,需引入外部非家族文化战略力量,助力企业迈入新发展阶段。 5月19日,由深圳证券交易所主办的2025全球投资者大会在深圳举行,会上来自交易所、券商、创投机构、上 市公司的代表热议当前并购重组市场进展,热议核心话题包括估值倒挂、投资者预期、方案设计挑战、跨界整 合难度等。 深交所创业板公司管理部总监徐正刚表示,随着《上市公司重大资产重组管理办法》修订实施,接下来将进一 步提升审核效率,加快推动简易程序案例落地,支持优质上市公司快速并购。 交易所四大举措活跃市场 近一年来,监管层为活跃并购重组市场出台一系列利好政策,其对市场的刺激效果如何,受到市场关注。 深交所创业板公司管理部总监徐正刚在5月19日的全球投资者大会上表示,"并购六条"发布后,深市并购重组 市场规模和活跃度显著提升,累计披露重组项目接近800单。其中,重大资产重组超过90单,同比增长超过 200%。审核效率进一步提高,2022年至2024年深交所持续优化监管审核机制,上市公司完成重大资产重组时 间平均压缩20%。 迈瑞医疗 ...
业内直击并购重组核心话题!审核效率、估值倒挂、跨界整合难度......
券商中国· 2025-05-20 15:00
聚焦并购热点。 5月19日,由深圳证券交易所主办的2025全球投资者大会在深圳举行,会上来自交易所、券商、创投机构、上 市公司的代表热议当前并购重组市场进展,热议核心话题包括估值倒挂、投资者预期、方案设计挑战、跨界整 合难度等。 深交所创业板公司管理部总监徐正刚表示,随着《上市公司重大资产重组管理办法》修订实施,接下来将进一 步提升审核效率,加快推动简易程序案例落地,支持优质上市公司快速并购。 交易所四大举措活跃市场 近一年来,监管层为活跃并购重组市场出台一系列利好政策,其对市场的刺激效果如何,受到市场关注。 深交所创业板公司管理部总监徐正刚在5月19日的全球投资者大会上表示,"并购六条"发布后,深市并购重组 市场规模和活跃度显著提升,累计披露重组项目接近800单。其中,重大资产重组超过90单,同比增长超过 200%。审核效率进一步提高,2022年至2024年深交所持续优化监管审核机制,上市公司完成重大资产重组时 间平均压缩20%。 迈瑞医疗董事会秘书李文楣谈到,并购重组的确更加活跃,市场上出现更多并购标的。她解释,部分中小企业 当前面临多重压力,一是IPO审核速度不及投资人的上市预期,二是其他融资路径不是特 ...
慈星股份再谋跨界并购 转型之路能否柳暗花明?
Zheng Quan Ri Bao· 2025-05-20 12:35
Core Viewpoint - Ningbo Cixing Co., Ltd. is planning to issue shares and pay cash to acquire Shenyang Shunyi Technology Co., Ltd., leading to a suspension of its stock trading due to uncertainties surrounding the transaction [2] Company Overview - Cixing Co. was established in 2003 and listed on the Growth Enterprise Market in 2012, primarily engaged in the research, production, and sales of knitting machinery, with a focus on intelligent knitting equipment [2] - Shenyang Shunyi, founded in June 2012 with a registered capital of 60 million yuan, operates in software development, instrument manufacturing, and integrated circuit design, which are significantly different from Cixing's main business [2] Recent Acquisition Attempts - Cixing has a history of cross-industry acquisitions, including attempts to enter the internet sector in 2016, which resulted in significant goodwill impairment and losses in 2019 and 2020 [3] - In 2021, Cixing acquired a 35% stake in Northern Guangwei Technology Co., Ltd. for 140.1 million yuan but later sold it due to management integration challenges [3] - Cixing also invested 200 million yuan for a 12.5% stake in Wuhan Minsheng New Technology Co., Ltd. in December 2021, but the acquisition was terminated in February 2025 due to unmet terms [4] Market Context and Challenges - The textile machinery industry is facing cyclical fluctuations and technological pressures, prompting Cixing to seek new growth avenues through cross-industry mergers and acquisitions [6] - Despite an overall growth trend in 2024, the knitting machinery sector is experiencing intense competition, market saturation, and declining profit margins, compounded by rising labor costs and raw material price volatility [6] Strategic Implications - The frequent changes in acquisition targets raise questions about Cixing's strategic stability and long-term direction, potentially leading to resource dispersion and challenges in building core competencies [5] - Experts suggest that while cross-industry mergers can provide opportunities for diversification and access to new technologies and markets, they also carry risks related to cultural integration and operational synergy [7]
交响乐团为《神女》现场配乐,艺术跨界让老电影焕发新生
Di Yi Cai Jing· 2025-05-20 09:51
Core Viewpoint - The special screening of the 4K restored version of "The Goddess" in Shanghai celebrates the 120th anniversary of Chinese cinema and the 90th anniversary of actress Ruan Lingyu's death, highlighting the film's enduring significance as a classic of silent cinema [1][3]. Group 1: Film and Historical Context - "The Goddess," directed by Wu Yonggang and starring Ruan Lingyu, was released in 1934 and is considered a pinnacle of Chinese silent films, addressing social issues through the story of a woman forced into prostitution to support her child [3][4]. - The film reflects the realities of the time, with Wu Yonggang drawing inspiration from the struggles of women he observed in society, aiming to portray their pain and resilience through cinema [4][5]. Group 2: Restoration and Presentation - The 2025 restoration of "The Goddess" utilizes advanced AI technology to enhance the original 35mm nitrate film, following the principle of "restoring as it was," resulting in clearer visuals and preserved original textures [4][5]. - The screening featured a live orchestral performance by the Shanghai Symphony Orchestra, with composer Zou Ye blending traditional Chinese music with Western orchestral elements to enhance the film's emotional depth [5][6]. Group 3: Cultural Significance and Audience Engagement - The event included thematic exhibitions and forums to engage audiences, discussing the film's artistic value and the importance of preserving cultural heritage in a rapidly changing society [6][8]. - The ticket pricing strategy was designed to attract a wide audience, with initial ticket tiers selling out quickly, indicating strong public interest in classic films and cultural events [8][9]. Group 4: Future Initiatives - Following the screening, the "Fragrant Figures: Seeing Them Inside and Outside the Screen" film exhibition will showcase female-centric classic films, further promoting the dialogue on women's representation in cinema [9].
海南三亚实施“十大行动”提升旅游服务质量
Zhong Guo Jing Ji Wang· 2025-05-20 08:18
转自:经济日报新闻客户端 5月19日中国旅游日之际,记者从三亚市旅游服务质量提升年工作推进情况新闻发布会上获悉,三亚市 将2025年确立为"旅游服务质量提升年",并发布12条旅游服务质量提升举措。数月来,该市紧密结合历 年旅游市场整治中的突出问题、12345平台投诉数据及游客反馈,制定了具有三亚特色的《旅游服务质 量提升年工作方案》。 具体而言,携程将与三亚旅文等部门联合推出平台内全国首个"三亚旅文认证"标签,为优质商家精准引 流,助力三亚旅游品质全面升级;邀请国际知名设计师Jimmy Choo周仰杰博士担任"三亚衫"设计大 师,以"东方度假美学"为核心开展跨界合作,为全球游客打造兼具文化内涵与时尚魅力的专属旅行服 饰;和理想汽车在城市地标、景区、非遗项目等方面开展合作,设计汽车出行路线体验活动,联合推 广"汽车+文旅"主题形象。 联合顺丰平台推进安心购、畅通达、轻松游,"无忧旅程"等三大专项行动,一是建立海南优质商品库, 游客在景区体验试用下单,36小时内即可收到产地直发的热带水果、免税商品。二是将各个服务窗口、 12345政务服务便民热线与顺丰同城急送网络紧密联合在一起,打造"失物找人"、禁限带物品代存代 ...
博士茶馆哲宁老师:酒庄互联网营销的颠覆者
Sou Hu Cai Jing· 2025-05-20 03:29
Core Insights - The article discusses how traditional wineries can leverage internet marketing to overcome geographical limitations and effectively reach target consumers in the digital economy [1][30] - It emphasizes the importance of a systematic digital marketing solution to enhance brand influence and achieve significant sales growth [1][30] Group 1: Pain Points and Opportunities in Winery Internet Marketing - Traditional wineries rely heavily on offline channels such as distributors and tasting events, which are costly and have limited reach, making it difficult to connect with younger consumers [3] - The rise of internet marketing presents new opportunities for wineries, including precise marketing through big data analysis to target high-end wine consumers [4] - Storytelling through short videos, live streaming, and social media can enhance user engagement and brand loyalty [5] Group 2: Internet Marketing Strategies by Zhening - Wineries should focus on building a "brand IP" by sharing their history, craftsmanship, and culture through various digital platforms [7] - Collaborating with influencers and lifestyle bloggers can expand brand influence and reach [8] - The integration of social e-commerce and private traffic operations, such as mini-programs and community marketing, can improve conversion rates and customer retention [9][10][11] Group 3: Innovative Marketing Approaches - Live streaming has become a crucial sales channel, with strategies like immersive live experiences and expert endorsements enhancing credibility [12][13] - Cross-industry collaborations with high-end hotels and restaurants can elevate brand positioning and attract affluent customers [15][16] - Custom services for high-end clients, such as personalized wine labels, can add value and strengthen customer relationships [17] Group 4: Success Cases - Under Zhening's guidance, a French winery saw a 300% increase in sales within three months through Douyin short videos and private community engagement [18] - A domestic boutique winery improved its repurchase rate by 50% using live streaming and a membership system [19] - Emerging brands quickly penetrated the high-end market through influencer marketing and cross-industry collaborations [20] Group 5: Future Trends in Winery Internet Marketing - Future winery marketing is expected to become more intelligent and personalized, utilizing AI for precise product recommendations [27] - Innovative marketing strategies may include virtual wineries and NFT wine labels [28] - Emphasizing sustainable practices, such as organic farming and eco-friendly packaging, will attract younger consumers [29]
刚刚宣布收购失败,这家公司再谋跨界并购
Zhong Guo Ji Jin Bao· 2025-05-20 01:55
Core Viewpoint - Cixing Co., Ltd. announced plans to acquire controlling interest in Shenyang Shunyi Technology Co., Ltd. and raise matching funds, following the termination of its previous acquisition of Wuhan Minsong [1][3][8]. Group 1: Acquisition Details - The acquisition involves issuing A-shares and cash to purchase controlling rights in Shenyang Shunyi, which focuses on intelligent control technology [3][5]. - The transaction is still in the planning stage, with preliminary agreements involving all or some shareholders, including Li Yingshun [3][4]. - Cixing expects to disclose the transaction plan within 10 trading days, by June 4 [4]. Group 2: Company Background - Shenyang Shunyi, established in June 2012, has a registered capital of 60 million yuan and is primarily owned by Li Yingshun, who holds 54.34% of the shares [4]. - The company is recognized as a national high-tech enterprise and a key "little giant" enterprise, focusing on high-end intelligent equipment manufacturing [5]. Group 3: Stock Performance - Cixing's stock experienced significant fluctuations, with a 9.10% increase year-to-date, closing at 8.99 yuan per share on May 19, with a total market capitalization of 7.1 billion yuan [1][12]. - Following the announcement of the failed acquisition of Wuhan Minsong, the stock price dropped over 13% in a single day [1][12].
香港故宫将首次“出宫”来沪 演绎双城“和而不同”理念
Jie Fang Ri Bao· 2025-05-20 01:47
Core Perspective - The Hong Kong Palace Museum is expanding its cultural outreach by hosting the "City Pulse - Reinterpretation of Chinese Traditional Culture" exhibition in Shanghai, marking its first major exhibition outside of Hong Kong since its opening three years ago [1] Group 1: Exhibition and Cultural Exchange - The exhibition features 16 Hong Kong artists using various multimedia forms to express a "Hong Kong style" interpretation of Chinese gardens and landscapes, aiming to deepen the audience's understanding of their identity as inheritors of Chinese culture [1] - The exhibition will take place at Zhang Garden, a venue that combines commercial facilities, cultural activities, and community life, making it suitable for dialogue between modern art and traditional culture [2] - A cultural salon will be held in collaboration with the Liberation Daily, facilitating in-depth exchanges between curators and artists from both regions [2] Group 2: Collaboration Between Museums - The Hong Kong Palace Museum and the Shanghai Museum share a close relationship, driven by similar philosophies and the cultural attributes of both cities, which include a strong international perspective and a mature audience willing to engage with quality art [3] - Both museums are collaborating on various initiatives, including co-hosting high-level exhibitions and sharing resources for talent training and business exchanges [3] - The Hong Kong Palace Museum aims to distinguish its exhibition formats and concepts from those of Shanghai, embodying the idea of "harmony in diversity" [3] Group 3: Market Potential and Innovation - The museum is targeting the growing cultural consumption market in Asia, with increasing interest from Southeast Asian audiences [4] - The integration of technology in cultural presentations is seen as a way to engage new audiences and enhance the expression of traditional culture [2][5] - The Hong Kong Palace Museum, established in 2022, leverages its newness as an advantage over older institutions, allowing for modern design and exhibition methods that cater to contemporary audience expectations [6]
全国首个南海文化主题邮局开业 打造海南特色文旅融合新典范
Hai Nan Ri Bao· 2025-05-20 01:00
Group 1 - The first South China Sea cultural-themed post office in the country was officially opened on May 18 at the China (Hainan) South China Sea Museum in Qionghai, aiming to create a new model for cultural and tourism integration in Hainan [1] - The themed post office launched nearly 50 creative cultural products, including the Deep Blue Treasure blue and enamel series, inspired by archaeological findings from the South China Sea, combining practicality and aesthetics [1] - A cooperation agreement was signed between China Post Group Hainan Branch and the museums to launch a series of themed activities, enhancing the role of the post office in promoting culture and tourism [1] Group 2 - The collaboration between the South China Sea Museum and Hainan Postal Branch aims to promote traditional culture and urban cultural tourism integration through a unique cultural postbox featuring deep cultural elements [2] - The South China Sea cultural-themed post office represents an innovative demonstration of the integration of postal culture and public cultural services, expanding the social service functions of museums and injecting new vitality into Hainan's free trade port tourism industry [2]
创新驱动 文产赋能 全域绽放 文博会52家分会场近300项活动亮点纷呈
Shen Zhen Shang Bao· 2025-05-19 16:36
5月22日至26日,第二十一届中国(深圳)国际文化产业博览交易会将在深圳国际会展中心盛大启幕。 作为我国唯一国家级、国际化、综合性文化产业盛会,文博会不仅是文化成果的展示平台,更是产业发 展的风向标。本届文博会延续"主会场+分会场"联动模式,全市52家分会场精心筹备近300项展示交易活 动,主题涵盖数字创意、创意设计、影视短剧、动漫IP、工艺美术等多种业态,产业内容十分丰富,并 呈现突出创新驱动、数智赋能、跨界融合、强化传承等特色和亮点。 创新驱动 展现文化产业澎湃动力 自2004年首届文博会举办以来,分会场机制历经21年沉淀,已成为推动区域文化产业发展的重要引擎。 本届文博会分会场总数保持52家,新增8家"新面孔",他们分别是:福田区的APark深圳数字艺术公园、 深圳平安金融中心云际观光层、BitCity次元小镇,盐田区的万科生物圈三号,南山区的荔秀服饰文化街 区,龙岗区的粤港澳超高清数创产业园,坪山区的坪山文化聚落,光明区的华强科技生态园。 新面孔的加入,给文博会带来新鲜的血液,充分展示了深圳文化产业发展的澎湃动力。其中,平安金融 中心云际分会场依托547.6米高空地标优势,构建世界级高空观光与文化交融 ...