Group 1 - Shell is intensifying the evaluation of its globally loss-making chemical assets to "stem the bleeding" [1] - The CEO revealed that the company is considering selective shutdowns of facilities in Europe and seeking partners for its chemical assets in the U.S. [1] - The adjusted loss for Shell's chemical business in Q2 reached $192 million, marking the fourth consecutive quarter of losses, with a total adjusted loss of $329 million for the first half of the year [1] Group 2 - Over the past three years, Shell's chemical business has consistently reported annual losses [1] - The company has 1.71 million tons/year of ethylene capacity in Europe and 3.82 million tons/year in the U.S. [2] - Major operational bases in Europe include integrated petrochemical sites in Germany and the Netherlands, with a joint venture with ExxonMobil in the UK [2]

Core Viewpoint - Chongqing New Aluminum Era Technology Co., Ltd. plans to issue shares and pay cash to acquire the equity of Dongguan Honglian Electronics Co., Ltd., necessitating an asset valuation report for the shareholders' equity involved in this transaction [5][9]. Group 1: Valuation Purpose and Scope - The purpose of the valuation is to provide a market value reference for the acquisition of Dongguan Honglian Electronics Co., Ltd. by Chongqing New Aluminum Era Technology Co., Ltd. [5][9]. - The valuation object is the total equity value of Dongguan Honglian Electronics Co., Ltd. [5][9]. - The valuation scope includes all assets and liabilities of Dongguan Honglian Electronics Co., Ltd., covering current assets, long-term equity investments, fixed assets, intangible assets, and other non-current assets, as well as current and non-current liabilities [5][9]. Group 2: Valuation Methodology and Results - The valuation date is set for March 31, 2025, and the valuation methods employed are the asset-based approach and the income approach [5][9]. - The valuation report indicates that the total book value of assets for Dongguan Honglian Electronics Co., Ltd. is 1,066.96 million yuan, total liabilities are 708.87 million yuan, and the net asset book value is 358.09 million yuan. The market value of the shareholders' equity, as determined by the income approach, is 1,310.47 million yuan, reflecting an increase of 952.38 million yuan and a growth rate of 265.96% [5][9]. Group 3: Company Profiles - Chongqing New Aluminum Era Technology Co., Ltd. is located in Fuling District, Chongqing, with a registered capital of 1,438.41 million yuan and was established on December 18, 2015. Its business scope includes technology services, production, and sales of aluminum materials and automotive parts [5][6]. - Dongguan Honglian Electronics Co., Ltd. is based in Dongguan, Guangdong Province, with a registered capital of 60 million yuan and was established on November 17, 2009. The company specializes in the research, production, and sales of electronic products and metal products [6][7].

Core Viewpoint - The company is planning to acquire 100% equity of Hainan Hailan Universe Marine Information Technology Co., Ltd. from its 17 shareholders through a combination of issuing shares and cash payment, while also raising matching funds from up to 35 specific investors [1] Group 1: Independence of the Evaluation Agency - The evaluation agency, Walkson (Beijing) International Asset Appraisal Co., Ltd., was selected through a compliant process and possesses the necessary qualifications and professional experience to conduct the evaluation [2] - There are no relationships or conflicts of interest between the evaluation agency and the company, its shareholders, or the target company, ensuring the agency's independence [2] Group 2: Reasonableness of Evaluation Assumptions - The assumptions and limitations set forth in the asset evaluation report comply with national regulations and market practices, reflecting the actual situation of the evaluation object [2] Group 3: Relevance of Evaluation Methods to Objectives - The purpose of the evaluation is to determine the market value of the target assets as of the evaluation benchmark date, providing a reference for the transaction [3] - The evaluation agency followed relevant laws and industry standards, ensuring that the evaluation methods used were appropriate and the results were fair and accurate [3] Group 4: Fairness of Evaluation Pricing - The evaluation results reflect the actual situation of the evaluation object on the benchmark date, and the transaction price was determined through negotiation among the parties, ensuring fairness [3] - The evaluation results are in accordance with the provisions of the Securities Law and do not harm the interests of the company or minority shareholders [3] Group 5: Summary of Evaluation Agency's Role - The evaluation agency, Walkson (Beijing) International Asset Appraisal Co., Ltd., is independent, the evaluation assumptions are reasonable, the methods align with the objectives, and the pricing is fair [4]

Group 1 - The article emphasizes the importance of leadership directives in managing tasks and responsibilities within the organization [1][2] - It highlights the need for effective communication and documentation, such as meeting minutes and project proposals, to ensure clarity and accountability [2][3] - The text discusses the significance of internal control and auditing processes, including annual audits and special audits, to maintain organizational integrity [3][4] Group 2 - The article outlines the project management framework, including project initiation, risk management, and post-investment follow-up [4] - It stresses the necessity of collaboration among departments, particularly the risk control department, to enhance project outcomes [4] - The text underscores the importance of asset protection and ensuring that state-owned assets are not lost during project execution [4]

本次评估的目的是确定标的资产于评估基准日的市场价值，为本次交易提供 价值参考依据，评估机构实际评估的资产范围与委托评估的资产范围一致。本次 资产评估工作遵循国家有关法规与行业规范的要求，评估机构在评估过程中实施 了相应的评估程序，遵循了独立性、客观性、科学性、公正性等原则，运用了合 规且符合目标资产实际情况的评估方法，选用的参照数据、资料可靠，评估方法 与评估目的相关性一致。 在本次评估过程中，国融兴华根据有关资产评估的法律法规，本着独立、客 观、公正的原则实施了必要的评估程序，各类资产的评估方法适当，评估结果客 观、公正地反映了评估基准日评估对象的实际情况，本次评估结果公允。 本次交易最终价格以评估结果为依据由公司与交易对方协商确定，资产定价 公平、合理，符合相关法律、法规及《公司章程》的规定，不会损害公司及股东 特别是中小股东的利益。 深圳市致尚科技股份有限公司董事会 关于评估机构的独立性、评估假设前提的合理性、评估方 法与评估目的的相关性以及评估定价公允性的说明 深圳市致尚科技股份有限公司（以下简称"公司"或"上市公司"）拟通过 发行股份及支付现金方式购买深圳市恒扬数据股份有限公司（以下简称"标的公 司 ...

Group 1 - The response from Shanghai Zhonghua Asset Appraisal Co., Ltd. to the Shenzhen Stock Exchange regarding the merger and acquisition inquiry of DreamNet Cloud Technology Group provides key insights into the transaction details, including evaluation methods, revenue growth, qualification renewal, and goodwill risk [1] - Under the income approach, the net asset book value attributable to the parent company shareholders is 495 million, with an assessed value of 1.312 billion, resulting in an increment of 817 million; under the asset-based approach, the single entity report net asset book value is 170 million, with an assessed value of 610 million, leading to an increment of 440 million [1] - The asset-based approach shows a significant increase in long-term equity investment assessed value, with a book value of 104.95 million and an assessed value of 500.94 million, resulting in an increment of 395.99 million and a growth rate of 377.31%, primarily due to the operational accumulation of subsidiaries and asset appraisal increments [1] Group 2 - The target company's revenue has fluctuated in recent years, with a significant increase in 2021 due to e-commerce development and new brand additions, followed by a decline in growth rate; however, a rebound is expected in 2024 due to brand and channel advantages [2] - The income approach predicts stable revenue growth, aligning with industry trends, leading advantages, and the company's actual operating conditions, while also considering the sustainability and impact of subsidy policies [2] - After the transaction, the listed company is expected to add 815 million in goodwill, which will undergo impairment testing; any impairment could adversely affect the company's net profit, net assets, and total assets [2]

Core Viewpoint - The response from Shanghai Zhonghua Asset Appraisal Co., Ltd. addresses the inquiries from the Shenzhen Stock Exchange regarding the merger and acquisition of DreamNet Cloud Technology Group Co., Ltd., focusing on the valuation methods and the rationale behind the significant differences in asset valuations. Group 1: Valuation Methods - The asset-based approach shows a significant increase in the valuation of long-term equity investments and intangible assets compared to their book values, with a total valuation of 5.009 billion yuan and an increase of 3.9599 billion yuan, representing a 377.31% increase [3][5][10] - The income approach predicts a stable growth in operating income, aligning with industry trends and the company's actual operating conditions, with a projected increase in shareholder equity value to 13.117 billion yuan [11][14][15] Group 2: Reasons for Valuation Differences - The asset-based method primarily reflects the market value of identifiable assets and liabilities, while the income method considers future earning potential and intangible resources, leading to a more comprehensive valuation [16][18] - The income method's valuation is lower than the average of comparable cases, indicating differences in business categories, asset scales, and profitability compared to similar companies [19] Group 3: Financial Projections - The projected operating income growth rate is based on market policies, company marketing activities, and industry development trends, ensuring its reasonableness [14][15] - The forecasted operating costs and net profits are aligned with historical performance and future operational plans, demonstrating a realistic approach to financial forecasting [15][16]

Core Insights - Jiangyin Pudong Village Bank's 8% equity held by Jiangsu Jiangnan Water Co., Ltd. has a market value of approximately 12.55 million yuan as of December 31, 2024, reflecting a value increase of 0.55% [1] - The net asset book value of Jiangyin Pudong Village Bank is reported at 155.9999 million yuan, with the total equity value assessed based on the asset-based approach [1] Assessment Details - The assessment conclusion is valid for one year from the assessment base date, specifically from December 31, 2024 [1] - The assessment faced limitations due to confidentiality principles regarding customer information, which restricted the bank's ability to provide detailed data on loans and deposits [1]

狮头科技发展股份有限公司董事会 关于评估机构的独立性、评估假设前提的合理性、评估方 法与评估目的的相关性以及评估定价的公允性的说明 本次评估实施了必要的评估程序，遵循了独立性、客观性、科学性、公正 性等原则，运用了合规且符合评估对象实际情况的评估方法，评估结果客观、 公正地反映了评估基准日评估对象的实际情况，本次评估结果具有公允性。本 次交易的交易各方参考标的资产的评估价格协商确定交易价格，标的资产的评 估定价公允，本次交易标的资产定价方式合理，交易价格公允。 本次交易的评估机构中联评估为符合《中华人民共和国证券法》规定的评 估机构，除为本次交易提供资产评估服务外，评估机构及其经办评估师与本次 交易各方不存在关联关系，也不存在影响其提供服务的现实及预期利益关系或 冲突，其进行评估符合客观、公正、独立的原则和要求，具有独立性。 二、评估假设前提的合理性 本次交易相关资产评估报告的评估假设前提按照国家有关法律、法规及规 范性文件的规定执行，遵循了市场通用的惯例及资产评估准则，符合评估对象 的实际情况，评估假设前提具有合理性。 三、评估方法与评估目的的相关性 本次评估目的是为本次交易提供合理的作价依据，资产评估机构 ...

货币资金—银行存款评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 开户银行 账号 币种 账面价值 评估价值 增值率% 备注 - - - - - - - - - - 合 计 81,535,651.46 81,535,651.46 - 被评估企业填表人：郑嫔 评估人员：王嘉艳 填表日期：2025年3月20日 共155页第2页 货币资金—其他货币资金评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 名称及内容 账号 用途 账面价值 评估价值 增值率% 备注 - - - - - - 合 计 13,865,875.74 13,865,875.74 - 被评估企业填表人：郑嫔 评估人员：王嘉艳 填表日期：2025年3月20日 共155页第3页 应收账款评估明细表 评估基准日：2025年2月28日 被评估企业：常州玻璃钢造船厂有限公司 金额单位：人民币元 序号 欠款单位名称（结算对象) 业务内容 发生日期 账面价值 评估价值 增值率% 备注 共155页第4页 应收账款评估明细表 评估基准日：2025年2 ...