每经记者｜陈鹏丽 每经编辑｜文多 6月10日下午，深康佳A（SZ000016，股价4.93元，市值118.7亿元，以下称康佳集团）公告宣布，由于 与交易对方就收购宏晶微电子科技股份有限公司（以下简称宏晶微电子）78%股权并募集配套资金的部 分核心条款未达成一致，从维护全体股东特别是中小股东权益及公司利益的角度出发，公司经审慎研究 后，决定终止这次收购。 康佳集团称，公司终止本次交易事项是综合考虑行业及资本市场整体环境等因素，并经公司与交易对方 充分沟通、审慎分析和友好协商后作出的审慎决定，不存在需要公司承担相关违约责任的情形。终止本 次交易不会对公司现有生产经营活动和财务状况造成重大不利影响，不存在损害公司及中小股东利益的 情形。 去年末，康佳集团便披露了筹划资产重组停牌事宜，并初步透露要收购宏晶微电子的控股权（相关报 道：《深康佳A正筹划收购宏晶微电子控股权 标的公司曾在新三板挂牌》）。 康佳集团还计划于6月20日下午召开终止发行股份购买资产并募集配套资金事项投资者说明会，就终止 本次交易的相关情况与投资者进行交流。 据康佳集团此前描述，收购宏晶微电子控股权，是为了注入优质资产，完善康佳集团在半导体领域的布 ...

领益智造（002600）公告，公司拟通过发行可转换公司债券及支付现金的方式，购买江苏科达斯特恩汽 车股份有限公司66.46%股权并募集配套资金。公司近日收到深圳证券交易所出具的《关于受理广东领 益智造股份有限公司发行可转换为股票的公司债券购买资产并募集配套资金申请文件的通知》。深交所 认为申请文件齐备，决定予以受理。本次交易尚需通过深交所审核并取得中国证券监督管理委员会同意 注册的批复，最终能否通过审核、取得注册，以及最终通过审核、取得注册的时间仍存在不确定性。 ...

Financial News - Dongguan Rural Commercial Bank ranked last among 72 bond underwriters and received a D rating, which may lead to the cancellation of its business qualifications if it continues to be rated D for two consecutive years [2][3] - The bank faced administrative penalties totaling 800,000 yuan due to inadequate bond underwriting management and inappropriate sales of insurance products to elderly clients [2] Listed Company Dynamics - Jincheng Holdings' controlling shareholder is set to auction 35 million shares, representing 16.59% of its holdings and 3.91% of the company's total shares, due to debt issues [4][5] - The auction is scheduled for July 7-8, 2025, following a previous successful auction of 32.3 million shares [5] - Jiahe Intelligent plans to acquire the German audio brand Beyerdynamic for approximately 1.22 billion euros (about 996 million yuan), aiming to enhance its market competitiveness in the high-end audio sector [6][7] - Lvtong Technology intends to acquire at least 51% of Jiangsu Damo Semiconductor, aiming to diversify from its current electric vehicle business amid declining performance since its IPO [8][9] - Yuehongyuan A announced the termination of its plan to acquire 60% of Bochuang Intelligent due to disagreements over transaction pricing [10] - Zhongsheng Pharmaceutical plans to redirect approximately 103 million yuan of its fundraising to new drug development projects, terminating previous projects related to anti-tumor drug research and digital platform upgrades [11][12] - Shenglan Co., Ltd. received approval from the Shenzhen Stock Exchange for its plan to issue convertible bonds not exceeding 450 million yuan for various production and research projects [13]

Core Viewpoint - *ST Baoshi has disclosed an adjusted restructuring plan, proposing to exchange all assets and liabilities, except for certain retained assets, with the 100% equity of Electric Investment New Energy held by the counterparty, with cash payment for any difference in value [1][2]. Group 1: Restructuring Plan Details - The company plans to retain cash, other current assets, long-term equity investments, other equity instrument investments, and intangible assets while exchanging the remaining assets and liabilities [1][2]. - The adjusted plan specifies that the company will issue shares to purchase the difference in value between the input and output assets from Ningxia Electric Investment [2]. - The transaction involves a total consideration of 8.09 billion yuan for the input assets and 4.68 billion yuan for the output assets, constituting a related party transaction and a major asset restructuring, but not a restructuring listing [3]. Group 2: Business Transformation - Following the transaction, the company's existing bearing business will be divested, and its main business will shift to investment, development, and operation of wind power, photovoltaic power, and energy storage stations, as well as the production and sales of marine electrical appliances [3]. - The restructuring is expected to optimize the company's industrial structure, expand future development space, enhance company value, and better protect the interests of minority shareholders [3].

Market Overview - The trading volume in the A-share market was 1.29 trillion yesterday, indicating that the market could continue to rise due to new capital influx. However, today's volume dropped to 1.5 trillion, suggesting a return to a stagnant trading environment post-holiday [1] - The market is currently experiencing low volatility, with most stocks fluctuating within a narrow range of +1% to -1%, and very few stocks showing movements exceeding 3% [1][3] - Compared to last year, the current market activity is even quieter than before the National Day holiday, raising concerns about the disconnect between market sentiment and actual performance [1] Trading Data Analysis - The number of stocks with a price increase of over 3% is only 358 out of more than 5400 stocks, while 260 stocks have declined by over 3%, indicating a lack of significant market movement [3] - The buying power today was recorded at over 400, returning to the lowest levels seen in recent statistics, despite the index showing a four-day upward trend [3] - The selling pressure remains consistent, with over 200 recorded, suggesting that if the market fails to break upward, short-term investors may start to realize profits, leading to potential selling [3] Sector Performance - The market saw a notable presence of ST (special treatment) stocks, which dominated the top gainers list, indicating a defensive stance from major funds [5] - The lack of strong sector performance is evident, with only a few sectors like computing power and innovative pharmaceuticals showing limited gains, while the majority of stocks are not participating in a collective upward movement [5][6] - The current market environment suggests that if conditions worsen, leading stocks may become safer as major funds are unable to offload their positions in a weak market [5] Conclusion - The overall market sentiment appears optimistic based on external reports, yet the actual trading data reflects a more cautious and stagnant environment, highlighting a potential misalignment between perception and reality [1][5]

Group 1 - The company plans to acquire 80% equity of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payment to specific investors [1][2] - The company will issue shares to no more than 35 specific investors to raise supporting funds for the transaction [1] - The board of directors approved the draft report for the acquisition and fundraising on June 5, 2025, which includes significant updates compared to the previous proposal disclosed on April 29, 2025 [1][2] Group 2 - The report includes updated financial data and business development status of the company over the past three years, as well as compliance information regarding its directors and senior management [2] - The report outlines the evaluation of the target company's assets, including its financial performance and compliance status over the last five years [3] - New sections have been added to the report, including independent opinions from the company's independent directors and financial advisors regarding the transaction [3]

Core Viewpoint - Ningbo Jingda has completed its first restructuring after being acquired by Ningbo State-owned Assets, marking a significant shift in its business strategy towards precision molds and related components [2][4]. Group 1: Fundraising and Restructuring - On June 3, Ningbo Jingda announced it would issue shares to its controlling shareholder, Chengxing Holdings, to raise approximately 180 million yuan, with a net amount of about 178 million yuan after expenses, and a lock-up period of 36 months [2][6]. - The fundraising is part of a restructuring process that included the acquisition of 100% of Wuxi Weiyan's shares for 360 million yuan, making it a wholly-owned subsidiary [2][3]. - This restructuring is the first since Ningbo Jingda was taken over by Ningbo State-owned Assets in early 2023, which has facilitated the company's expansion into the precision mold and related components industry [2][4]. Group 2: Financial Performance - In 2024, Ningbo Jingda achieved operating revenue of 818 million yuan, a year-on-year increase of 15.38%, and a net profit of 165 million yuan, up 3.37% [2][6]. - The company has shown consistent growth since the change in control, with revenues and net profits increasing from 709 million yuan and 159 million yuan in 2023 to the aforementioned figures in 2024 [6][7]. - The gross profit margin for 2024 was reported at 41.11%, reflecting a slight increase from the previous year [7]. Group 3: Acquisition Details and Future Projections - The acquisition of Wuxi Weiyan is expected to enhance Ningbo Jingda's asset base and business scale, with Wuxi Weiyan reporting revenues of 216 million yuan, 261 million yuan, and 205 million yuan for the years 2022 to 2024 [7][8]. - Wuxi Weiyan has made performance commitments to achieve a total of no less than 114 million yuan in net profit over the next three years [8].

Group 1: Business Overview - The company provides testing and automation solutions for automotive-related products, including cameras and millimeter-wave radars in the new energy vehicle sector [2] - The company plans to use CNY 57.5 million of its own funds to acquire a 25% stake in Zhuhai Guanghao Technology Co., Ltd. [2] - After the acquisition, the company will control 62.6343% of the voting rights in Guanghao, making it a subsidiary [2][3] Group 2: Strategic Development - The company adheres to a strategy of simultaneous internal growth and external mergers and acquisitions, focusing on high-quality assets in sectors such as semiconductors and robotics [2][3] - The company has successfully entered the "smart driving" field of new energy vehicles by securing orders for automotive camera-related equipment from leading companies [3] Group 3: Financial Performance and Future Plans - The target company is expected to have a revenue exceeding CNY 150 million by June 30, 2025, with a potential net profit of CNY 30 million [3] - The company has the right, but not the obligation, to acquire an additional 14% stake in the target company by December 31, 2025, based on performance metrics [3] Group 4: Product and Technology Focus - The company is involved in the research and development of RF testing technologies, keeping pace with industry leaders [3] - The company’s main business includes automation testing and assembly equipment for consumer electronics and automotive electronics [3]

Core Viewpoint - Narui Radar (688522.SH) is advancing its first asset restructuring post-IPO by acquiring 100% equity of Tianjin Sigma Microelectronics for approximately 370 million yuan, aiming to enhance its core business in phased array radar technology and improve its competitive edge through vertical integration [2][3]. Group 1: Transaction Details - The acquisition price for Tianjin Sigma's 100% equity is set at 370 million yuan, with a valuation increase of 421.4% [3]. - Narui Radar plans to raise up to 185 million yuan from no more than 35 specific investors to fund the cash portion of the transaction [3]. - The deal is expected to extend Narui Radar's industrial chain and further enhance its competitiveness [3]. Group 2: Financial Performance - In Q1 2025, Narui Radar reported revenue of 58.19 million yuan, a year-on-year increase of 84.8%, and a net profit of 21.67 million yuan, up 412.7% [2][8]. - For 2024, Narui Radar achieved revenue of 345 million yuan, a 62.49% increase, and a net profit of 76.61 million yuan, growing by 21.03% [8]. - The company has signed contracts worth approximately 112 million yuan in Q1 2025, reflecting a year-on-year growth of 249.63% [9]. Group 3: Tianjin Sigma's Performance and Commitments - Tianjin Sigma is projected to achieve revenues of 102 million yuan and 123 million yuan in 2023 and 2024, respectively, with net profits of 4.22 million yuan and 12.39 million yuan [6]. - The restructuring includes performance commitments for Tianjin Sigma, ensuring a cumulative net profit of no less than 78 million yuan from 2025 to 2027 [7]. - The company has a strong focus on integrated circuit design, with significant sales to its top five customers accounting for 44% and 46.92% of revenue in 2023 and 2024, respectively [5].

Meeting Announcement - The company will hold its third extraordinary general meeting of shareholders on June 16, 2025, at 10:00 AM [2][3] - The meeting complies with relevant laws and regulations, including the Company Law and the Articles of Association [2] Voting Procedures - Shareholders can vote either in person or via the Shenzhen Stock Exchange voting system and internet voting platform [3][11] - Voting will take place on June 16, 2025, from 9:15 AM to 3:00 PM [2][3] Agenda Items - The meeting will discuss several proposals, including a major asset sale and related party transactions [4][16] - Proposals require a two-thirds majority vote from attending shareholders, with related shareholders abstaining from voting [9] Registration and Attendance - Shareholders must register to attend the meeting, either in person or via mail/fax [10] - Natural person shareholders need to provide valid identification and shareholder account details for registration [10][11] Additional Information - The meeting will last half a day, and participants will bear their own travel and accommodation costs [11] - Detailed voting procedures and registration forms are provided in the attachments [12][14]