央广网深圳5月20日消息（记者 傅天明）5月19日，在2025年全球投资者大会上，深圳证券交易所创业 板公司管理部总监徐正刚就深市公司并购重组情况与广大投资者展开交流。他指出，并购重组在当下科 技创新和经济转型升级关键期，对培育新质生产力、推动产业升级等意义重大。 2024年，我国各级政府频出政策支持并购重组，如"并购六条"等。深交所积极推动并购重组工作，提升 审核制度包容性与服务效能，改革效果显著。2024年以来，深市并购重组活跃度大增，产业并购和新质 生产力方向成主流，估值包容性提升，审核效率加快。 在政策利好不断释放的背景下，并购市场正迎来新一轮发展热潮。5月19日，一场围绕并购市场的圆桌 讨论展开，来自投资机构、上市公司的多位行业资深人士，结合自身业务实践，深入探讨了当前并购市 场的现状、机遇与挑战，呈现出一幅现实版的并购图景。 创新型并购案例涌现 华泰联合证券并购业务负责人劳志明率先抛出话题，引发嘉宾们对于政策对并购正向影响的探讨。元禾 璞华基金合伙人牛俊岭对此感受深刻，他指出，从2023年起，并购政策呈现出系统性、连贯性的特点。 李文楣介绍，在境外并购时，考虑到整合风险较高，主要以补强现有业务为目 ...

Group 1: Company Performance - Changyuan Donggu achieved a net profit of 230 million in 2024, a year-on-year increase of 5%[1] - In Q4 2024, the company reported a net profit of 75 million, a significant year-on-year increase of 292%[1] - For Q1 2025, the net profit continued to grow, reaching 78 million, up 66% year-on-year[1] Group 2: Market Overview - The ChiNext Index rose by 1.38% last week, while the Shanghai Composite Index increased by 0.76%[3] - The small-cap index experienced a slight decline of 0.02% during the same period[3] - The overall net increase and decrease in shares amounted to -5.188 billion, with 46 companies increasing and 143 companies decreasing their holdings[32] Group 3: Corporate Actions - One company, Sunshine Nuohuo, announced a merger and acquisition plan last week[18] - Two companies, Tangyuan Electric and Wangli Security, released project-based fundraising plans[19] - Nine companies, including Fengguang Precision and Jidong Cement, announced equity incentive plans[21]

证券代码： 000985 证券简称：大庆华科 大庆华科股份有限公司投资者关系活动记录表 编号：2025002 | 投资者关系活动 | □特定对象调研 □ 分析师会议 | | --- | --- | | 类别 | □ 媒体采访 √ 业绩说明会 | | | 新闻发布会 路演活动 □ □ | | | 现场参观 □ | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 14 日 (周三) 下午 14:00~16:30 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、总经理窦 岩 | | 员姓名 | 2、独立董事王 涌 | | | 3、财务总监武云峰 | | | 4、董事会秘书孟凡礼 | | | 5、证券管理张 侠 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： 1、请问上市公司为市值管理做了那些具体的工作？ | | | 尊敬的投资者您好！目前，公司 ...

| 类别 | 总市值 | 流通市 | 市盈率 | 市净率 | | --- | --- | --- | --- | --- | | | (亿元) | 值(亿元) | PE | PB | | 上证指数 | 646880 | 506234 | 11.88 | 1.23 | | 深证成指 | 216579 | 183153 | 19.96 | 2.11 | | 创业板指 | 57266 | 45276 | 26.60 | 3.71 | | 科创 50 | 34342 | 22440 | 54.48 | 4.14 | | 北证 50 | 3130 | 2151 | 49.62 | 4.93 | | 何晨 | 分析师 | | --- | --- | | 执业证书编号:S0530513080001 | | | hechen@hnchasing.com | | | 陈郁双 | 分析师 | | 执业证书编号:S0530524110001 | | chenyushuang@hnchasing.com 证券研究报告 2025 年 05 月 20 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | ...

近日，中国证监会发布最新修订的《上市公司重大资产重组管理办法》，深交所也同步修订配套规则。 在昨天举行的深交所2025全球投资者大会上，深交所相关负责人表示，目前，并购重组市场改革效果持 续显现，产业并购、新质生产力方向成为主流。 深市并购市场活跃度显著提升 深圳证券交易所创业板公司管理部总监徐正刚：深市并购市场活跃度显著提升，累计披露重组项目接近 800单。其中，重大资产重组的项目超过90单，同比增长200%。在标的方面，有70%是新质生产力方 向，80%是同行业或产业链上下游并购。 深交所统计显示，2022年至2024年完成重组的深市公司，重组完成当年，总体收入、利润均大幅增长， 收入增速超过50%的占比四成、利润增速超过50%的占比三成，行业地位、规模效应进一步提升。 深圳证券交易所创业板公司管理部总监徐正刚：坚持以投资者为本，加大对并购重组领域财务造假、内 幕交易、利益输送等违法违规行为的打击力度，维护良好的市场生态。 并购重组审核大幅提速 激发资本市场活力 在昨天的大会上，并购重组成为重要议题之一，与会嘉宾表示，重组新规将进一步提升产业整合支持力 度，更大程度上提振市场各方信心、提升并购积极性。 与 ...

Market Overview - As of May 19, the A-share market experienced fluctuations, with the Shanghai Composite Index rising slightly by 0.12 points, while the Shenzhen Component Index and the ChiNext Index saw minor declines of 0.08% and 0.33% respectively [1] - The total trading volume in the A-share market was 1.12 trillion yuan, a decrease of 5.2 billion yuan compared to the previous trading day [1] Sector Performance - The merger and acquisition, port shipping, pet economy, and real estate sectors showed strong performance, with the comprehensive, environmental protection, and real estate industries leading gains at 1.99%, 1.87%, and 1.75% respectively [2] - The merger and acquisition concept saw significant gains, with stocks like Wuxin Tunnel Equipment hitting a 30% limit up, and Jiangtian Chemical and Guangzhi Technology both reaching 20% limit up [2] Regulatory Impact - On May 16, the China Securities Regulatory Commission announced amendments to the "Management Measures for Major Asset Restructuring of Listed Companies," which is expected to enhance market vitality and increase the enthusiasm for mergers and acquisitions among listed companies [2] - Analysts suggest that the new regulations will likely lead to an increase in merger and acquisition projects and related financing activities, providing more opportunities for securities firms to participate as financial advisors [2] Valuation and Market Sentiment - The rolling price-to-earnings ratio for the entire A-share market was reported at 19.07 times, while the CSI 300 index stood at 12.53 times, indicating that A-shares still offer a favorable valuation compared to other markets [3] - Analysts believe that the current market is in a high cost-performance range, with strong policy support expected to stabilize the economy and market, suggesting a potential return to an upward trend after short-term profit-taking pressures are released [3]

【深圳商报讯】（记者陈燕青）今年以来，定增作为上市公司再融资的主要渠道作用依然明显。根据 WIND统计，截至5月19日，按定增股份上市日计算，A股年内共有56家上市公司通过定增实现募资 1538.06亿元，虽然今年定增家数较去年同期减少逾25%，但募资规模同比增长约75%。 近期，还有部分公司拟通过定增来补充流动资金。5月15日晚间，永杉锂业公告称，拟向控股股东永荣 致胜的全资子公司永宏投资定增募资不超过5亿元，所募资金将全部用于补充流动资金。 从定增认购方来看，大多为金融机构，还有部分公司定增由大股东认购。5月14日，爱博医疗公告称， 以简易程序向特定对象发行股票项目全部完成，公司此次定增募集资金2.85亿元，定增的发行对象包括 博时基金、财通基金、诺德基金等知名机构以及自然人董易。 近日，艾比森、顾家家居、香山股份等多家公司抛出定增预案，上述公司的控股股东或间接控股股东积 极包揽此次定增。 顾家家居披露的定增预案显示，公司本次发行对象为盈峰集团，其为顾家家居控股股东宁波盈峰睿和投 资管理的间接控股股东，公司拟向特定对象发行募集资金不超过19.97亿元。 从行业来看，非银金融、公用事业、国防军工、基础化工、 ...

房地产市场在 4 月份表现如何？ 4 月份房地产市场表现逊于预期，基本面较为疲软。房地产市场需求指数从去 年（2024 年）4 月到今年（2025 年）首次出现回落。房地产投资增速也在下 降，二手房市场销售总额和房价均有所下修，各城市的新房和二手房价格走弱。 在销售走弱背景下，市场警戒度自去年（2024 年）以来首次回落。预计下一 步更多的增量政策将聚焦房地产领域，以应对内部政策预期和外部关税冲击压 力。 银河总量之声 经济的韧性 20250519 摘要 • 4 月房地产市场表现疲软，需求指数首次回落，投资增速下降，新房和二 手房价格走弱，市场警戒度降低。预计更多增量政策将聚焦房地产领域， 以应对内外部压力。 • 4 月消费整体表现良好，同比增长 5.1%，得益于以旧换新政策的拉动，尤 其是家电类消费增速显著。全年消费预计保持平稳增长，但能否进一步提 升需关注政策支持。 • 投资整体同比增速为 4%，低于经济增速。制造业投资虽放缓但仍处高位， 基建投资累计增速持平。预计后续地方政府专项债提升空间大，基建投资 将保持稳定并小幅上升。 • 面对外部关税冲击，逆周期调控将聚焦房地产，落实存量政策。地方政府 专项债提 ...

作 者丨崔文静 编 辑丨张星 视 频丨柳润瑛 5月1 9日，并购重组概念股迎来一波上涨潮。 截至当日收盘，多只并购重组概念股涨停，其中金利华电、光智科技以2 0%涨幅领涨，综艺 股份、湖南发展、焦作万方等亦封板。 5月1 6日修改后的《上市公司重大资产重组管理办法》（以下简称《重组办法》）及其配套措 施发布。这是继2 0 2 4年"并购六条"发布后，我国资本市场并购重组的又一大重磅政策。 2 1世纪经济报道记者了解到，该政策发布后，受到企业与投资人的广泛关注。多位投行资深 人士告诉记者，政策发布当日，即有多人向其咨询并购重组相关机会——既有希望收购企业 的上市公司老板，也有希望借机"炒壳"的二级市场投资人。 《重组办法》广受关注，是因其一系列调整给市场人士带去希望与猜想。其中，六大变化影 响格外显著，包括：新设重组简易审核程序，符合简易审核程序条件的重组交易，受理后5个 工作日内即出具审核意见；全方位放开分期支付适用范围，不再局限于现金购买资产；支持 符合商业逻辑的跨界并购；明确上市公司之间吸收合并的锁定期要求；鼓励私募基金参与上 市公司并购重组；提高对财务状况变化、同业竞争和关联交易监管的包容度等。 "毫无 ...

Key Highlights - Huadian New Energy's IPO registration has been approved, positioning it as a leading platform for wind and solar energy in China [2] - The company reported a revenue of 33.968 billion yuan for 2024, a 14.83% increase year-on-year, while net profit decreased by 8.20% to 8.831 billion yuan [2] - Guizhou Moutai announced a profit distribution of 276.24 yuan per share and initiated a share buyback plan worth 3 to 6 billion yuan, with a total dividend payout rate exceeding 80% [3] - China Software's non-public stock issuance has been approved, aiming to raise up to 2 billion yuan for various software development projects [5] - Xinbang Intelligent plans to acquire controlling stakes in Wuxi Yindi Chip Microelectronics through a combination of stock issuance and cash payments [7] - Jinlong Co. has terminated its plan to sell its stake in Zhongshan Securities to avoid potential asset quality issues [8] - Hubei Yihua's major asset restructuring plan has received preliminary approval from the Yichang State-owned Assets Supervision and Administration Commission [9] - Fenda Technology received a regulatory letter from the Shenzhen Stock Exchange due to non-operational fund occupation by its controlling shareholder [11] - High Energy Environment received a warning from the China Securities Regulatory Commission for inadequate disclosures and other compliance issues [12] - United Optoelectronics intends to acquire 100% of Changyi Optoelectronics and will suspend trading for up to 10 days [14] - Xinhua Group plans to change its name to "Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd." [15] - Huibo Yuntong is introducing Changjiang Industrial Investment Group as a strategic investor through a share issuance [16] - Light Media's financial assistance of 8 million yuan to Magic Animation is at risk of not being recovered due to insufficient funds [17] - Cixing Co. plans to acquire controlling stakes in Shenyang Shunyi Technology through a combination of stock issuance and cash [18] - Weir Shares intends to change its name to "Haowei Group" as part of its strategic planning [19] - Guangzhou Pharmaceutical, a subsidiary of Baiyunshan, will officially list on the New Third Board [20] ETF Overview - The Food and Beverage ETF has seen a slight decrease of 0.83% in the last five days, with a current market capitalization of 5.5 billion shares [22] - The Gaming ETF has decreased by 2.80% in the last five days, with a market capitalization of 5.86 billion shares [22] - The Semiconductor ETF has decreased by 1.21% in the last five days, with a market capitalization of 250 million shares [22] - The Cloud Computing ETF has decreased by 3.81% in the last five days, with a market capitalization of 560 million shares [23]