Mergers and Acquisitions - Ningbo Energy announced the acquisition of 60% equity in Ningbo Ningneng Investment Management Co., Ltd. for 13.2759 million yuan, resulting in 100% ownership post-transaction [1] - Huaxi Co., Ltd. plans to acquire 100% equity of Jiangyin Xiefeng Cotton and Hemp Co., Ltd. for 90 million yuan to enhance regional warehousing resources [2] - Dalian Technology intends to purchase 39% equity of its subsidiary Aimers Technology for 180 million yuan, increasing its ownership from 51% to 90% [3] Performance Disclosure - Tapa Group reported a 4.05% increase in revenue to approximately 2.056 billion yuan for the first half of 2025, with a net profit growth of 92.47% to about 435 million yuan [4] - Tiantan Biological released a report showing a 9.47% revenue increase to 3.11 billion yuan, but a 12.88% decline in net profit to 633 million yuan [5] - Jerry Shares reported a 39.21% increase in revenue to 6.901 billion yuan, with a net profit growth of 14.04% to 1.241 billion yuan [6] Shareholding Changes - Tianyang New Materials announced that Zhuhai Hengqin Caidong Fund plans to reduce its stake by up to 3%, equating to a maximum of 12.9802 million shares [7] - Yifeng Pharmacy's controlling shareholder completed a 2% stake reduction, totaling 24.2482 million shares [8] - Jiahe Meikang reported that shareholder Hongyun Jiukang has completed a 1% stake reduction, amounting to 1.3759 million shares [9] Risk Matters - Filinger reported a stock price fluctuation with a cumulative increase of 20% over three trading days, during which the president sold 8,600 shares [10] - *ST Yazhen announced a stock suspension for investigation after a 33.92% price increase, with a suspension expected to last no more than 10 trading days [11]

Mergers and Acquisitions - Ningbo Energy announced the acquisition of 60% equity in Ningbo Neng Investment for 13.2759 million yuan, resulting in 100% ownership post-transaction [1] - Huaxi Co. plans to acquire 100% equity of Jiangyin Xiefeng Cotton and Hemp Co. for 90 million yuan to enhance regional warehousing resources [2] - Dalian Technology intends to purchase 39% equity of its subsidiary Aimos for 180 million yuan, increasing its ownership from 51% to 90% [3] Performance Disclosure - Tapa Group reported a 4.05% increase in revenue to approximately 2.056 billion yuan for the first half of 2025, with a net profit growth of 92.47% to around 435 million yuan [4] - Tiantan Biological released a report showing a 9.47% revenue increase to 3.11 billion yuan, but a 12.88% decline in net profit to 633 million yuan [5] - Jerry Co. achieved a 39.21% revenue increase to 6.901 billion yuan, with a net profit growth of 14.04% to 1.241 billion yuan [6] Shareholding Changes - Tianyang New Materials announced that Zhuhai Hengqin Caidong Fund plans to reduce its stake by up to 3%, equating to a maximum of 12.9802 million shares [7] - Yifeng Pharmacy's major shareholder completed a 2% stake reduction, totaling 24.2482 million shares [8] - Jiahe Meikang reported that shareholder Hongyun Jiukang has completed a 1% stake reduction, amounting to 1.3759 million shares [9]

Group 1: Company Announcements - Debang Technology announced that the National Integrated Circuit Fund plans to reduce its holdings by no more than 4.2672 million shares, which is up to 3% of the company's total share capital due to its own financial arrangements [2] - Shuangliang Energy plans to increase capital in its wholly-owned subsidiary Silicon Materials Company and Hengli Crystal Silicon by no more than 2 billion yuan, with 1.2 billion yuan for Silicon Materials and 800 million yuan for Hengli Crystal Silicon [3] - Yibai Pharmaceutical received a suspension notice from the Guizhou Provincial Drug Administration, which stated that the company must halt the production and sale of its children's cough syrup due to certain compliance issues [3] Group 2: Financial Performance - Zhongke Shuguang reported a 29.89% year-on-year increase in net profit for the first half of 2025, with total revenue of 5.854 billion yuan, up 2.49% [3] - Zhongke Shuguang's net profit attributable to shareholders, excluding non-recurring gains and losses, was 585 million yuan, reflecting a growth rate of 59.66% compared to the previous year [3] - Several companies reported significant profit growth, including Zhongchong Co. with a 42.56% increase in net profit, and Dongmu Co. with a 37.61% increase [8] Group 3: Shareholder Actions - Han Yanzhen, a major shareholder of Chenxin Pharmaceutical, plans to reduce his holdings by no more than 1.358 million shares, which is up to 3% of the company's total share capital [4][5] - Anker Detection announced a change in its controlling shareholder to Xirui Technology, with the stock resuming trading on August 6, 2025 [5] Group 4: Strategic Partnerships and Agreements - Sanjiang Shopping announced that it will not renew its cooperation agreement with Hema after it expires on March 31, 2026, which may impact sales at Hema stores in Ningbo [6] - Guangdong Electric Power A plans to issue an asset-backed special plan (similar to REITs) with a scale of no more than 3.801 billion yuan, using its subsidiary's assets as the underlying assets [7]

每经记者｜范芊芊 每经编辑｜董兴生 并购重组 嵘泰股份：拟以2.88亿元收购中山澳多51%股权 嵘泰股份公告称，公司拟使用自有资金2.88亿元收购中山市澳多电子科技有限公司（以下简称"中山澳 多"）51%股权，交易完成后，中山澳多将成为公司的控股子公司。本次交易构成关联交易，不构成重 大资产重组。交易价格以专业独立的第三方资产评估机构的评估价值为定价依据，并经双方协商一致确 定。 钧崴电子：全资子公司拟以26亿日元收购Flat Electronics Co.,Ltd.100%股权 海光信息：上半年归母净利润12.01亿元，同比增长41% 海光信息公告称，2025年上半年营业收入54.64亿元，同比增长45.21%；归母净利润12.01亿元，同比增 长40.78%。 东睦股份：上半年归母净利润为2.61亿元，同比增长37.61% 东睦股份公告称，上半年营业收入为29.30亿元，同比增长24.51%；归母净利润为2.61亿元，同比增长 37.61%。 中科曙光：上半年归母净利润同比增长29.89% 中科曙光发布业绩快报，上半年营业总收入为58.54亿元，同比增长2.49%；归属于上市公司股东的净利 润为7.31亿 ...

Mergers and Acquisitions - Mingpu Optoelectronics plans to acquire 60% equity of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan, which will be included in the company's consolidated financial statements [1] - Sanan Optoelectronics intends to jointly acquire 100% equity of Lumileds Holding B.V. with foreign investor Inari Amertron Berhad for 239 million USD, resulting in an indirect ownership of 74.5% in Lumileds, which will also be consolidated [2] Performance Disclosure - Changan Automobile reported a July production of 195,900 units, a year-on-year increase of 34.84%, and sales of 210,600 units, up 23.43% year-on-year. Cumulative production from January to July reached 1.4013 million units, a 1.59% increase, while sales totaled 1.5659 million units, up 4.07% [3] - SAIC Motor announced a July sales figure of 338,000 vehicles, reflecting a 34.2% year-on-year growth, with cumulative sales from January to July reaching 2.39 million units, a 15% increase. In July, sales of new energy vehicles reached 117,000 units, up 64.9% year-on-year [4] - BAIC Blue Valley reported a July production of approximately 10,700 units, down 7.79% year-on-year, and sales of about 10,300 units, down 6.38%. Cumulative production from January to July was approximately 78,800 units, up 162.05%, and cumulative sales were about 77,400 units, up 98.58% [5] Shareholding Changes - Zhongqi New Materials announced that shareholders plan to reduce their holdings by up to 3% of the company's shares, totaling no more than 5.427 million shares [6] - Rigong Navigation disclosed that a major shareholder plans to reduce its holdings by up to 3% of the company's shares, totaling no more than 2.64 million shares [7] - Changqing Technology reported that multiple shareholders plan to reduce their holdings by up to 5.98% of the company's shares, totaling no more than 8.2473 million shares [8] Risk Matters - ST Pava announced that one of its co-controlling shareholders and directors, Zhang Bao, is under investigation for alleged embezzlement [10] - *ST Huicheng received a pre-restructuring application from creditors, citing the company's inability to repay debts and lack of repayment capacity, but indicating potential for restructuring [11]

Group 1 - Antong Holdings disclosed a share buyback plan with China National Freight expected to increase its stake by 300 million to 600 million yuan [1][2] - Nine companies, including Longmag Technology and Wanda Film, announced share reductions by their shareholders [1][2] Group 2 - Longmag Technology's shareholders, Xiong Yongge and Xiong Yandao, plan to reduce their holdings by up to 1.03% [2] - Wanda Film's shareholder, Xingxian Rongzhi, intends to reduce its stake by up to 2% [2] - Zhongrong Electric's shareholders, including Shi Xiaoguang, Liu Bing, and Wang Wei, plan to reduce their holdings by up to 1.7% [2] - Yongxin Zhicheng's shareholder, Qian Chuangtou, intends to reduce its stake by up to 4% [2] - Kangpeng Technology's shareholders plan to collectively reduce their holdings by up to 5.89% [2] - Henghua Technology's major shareholder, Chen Xianlong, plans to reduce his stake by up to 1.5% [2] - Yuxin Technology's controlling shareholder intends to reduce its holdings by up to 1.5% [2] - Zhongguang Lightning Protection's chairman and general manager, Wang Xueying, plan to reduce their shares [2] - Jihua Group's deputy general manager, Zhou Huoliang, plans to reduce his stake by up to 0.29% [2]

Mergers and Acquisitions - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, in collaboration with foreign investor Inari Amertron Berhad [1] - Wehua New Materials intends to acquire controlling stake in Jiangsu Heyutai Chemical Co., with the specific acquisition ratio to be negotiated [2] - Cixing Co. has decided to terminate the planned acquisition of 75% equity in Shunyi Technology due to disagreements on commercial terms with some counterparties [3] Performance Disclosure - Zangge Mining reported a 38.80% year-on-year increase in net profit attributable to shareholders, reaching 1.8 billion yuan, despite a 4.74% decline in revenue to 1.678 billion yuan for the first half of 2025 [4] - Beijing Culture experienced a net loss of 233 million yuan in the first half of 2025, despite a significant revenue increase of 1944.24% to 158 million yuan [5] - Rongbai Technology reported a net loss of 68.39 million yuan for the first half of 2025, with revenue declining by 9.28% to 6.248 billion yuan [6] Shareholding Changes - Yuxin Technology's controlling shareholder, Yuqin Hongtai, plans to reduce its stake by up to 1.50%, amounting to a maximum of 10.56 million shares [7] - Henghua Technology's shareholder, Chen Xianlong, intends to reduce his stake by up to 1.50%, equating to a maximum of 9 million shares [8] - Kangpeng Technology's shareholders, including Wuxi Yunhui and its concerted parties, plan to collectively reduce their stake by up to 5.89% of the total share capital [9]

每经记者｜陈晴 每经编辑｜魏官红 并购重组 衢州发展：拟购买先导电科股份并募集配套资金 衢州发展公告，公司拟通过发行股份等方式购买广东先导稀材股份有限公司持有的先导电子科技股份有 限公司的股份，同时募集配套资金。本次交易正在筹划阶段，相关方案尚未最终确定。 *ST海华：控股子公司茫崖源鑫能源拟422.11万元收购若羌源鑫能源51%股权 *ST海华公告，控股子公司茫崖源鑫能源有限公司拟以现金422.11万元收购新疆庆源实业集团有限公司 持有的若羌源鑫能源有限公司51%股权。本次交易构成关联交易，但不构成重大资产重组。 中贝通信：终止控股子公司贝通信国际股权收购事项 中贝通信公告，公司控股子公司贝通信国际计划以自有资金2500万美元（折合人民币约1.82亿元）收购 PT.Semesta Energi Services 55%股权，但因未满足投资协议中约定的核心交割条件，经协商决定终止本 次收购事宜。此次终止不会对公司现有经营业绩及财务状况产生不利影响。 业绩披露 仕佳光子：2025年上半年归属于上市公司股东的净利润2.17亿元，同比增长1712% 仕佳光子公告，2025年上半年营业收入9.93亿元，同比增长121 ...

Performance Disclosure - Tongzhou Electronics reported a revenue of 540 million yuan for the first half of 2025, an increase of 606.52% year-on-year, with a net profit attributable to shareholders of 203 million yuan, up 662.77% year-on-year, and a net profit of 208 million yuan after deducting non-recurring items, an increase of 588.4% year-on-year [1] - Zhejiang Dingli achieved a revenue of 4.336 billion yuan in the first half of 2025, a year-on-year growth of 12.35%, with a net profit attributable to shareholders of 1.051 billion yuan, up 27.49% year-on-year [2] - Rebecca reported a revenue of 598 million yuan for the first half of 2025, a year-on-year increase of 4.2%, with a net profit attributable to shareholders of 9.3759 million yuan, up 15.31% year-on-year, and basic earnings per share of 0.01 yuan [3] Shareholding Changes - Huashu High-Tech announced that its major shareholder, Guotou Technology Achievement Transformation Venture Capital Fund, reduced its shareholding from 7.00% to 5.93%, with a total of approximately 4.4437 million shares sold between July 1 and July 25, 2025 [4] - Zijin Mining's vice president plans to reduce his holdings by no more than 250,300 shares to raise funds for the company's 2025 employee stock ownership plan, with the reduction to occur within three months after the announcement date [5] - New Media Co. announced that its shareholder, Hengqin Hongtu Rongyao Venture Capital Partnership, plans to reduce its holdings by no more than 6.8434 million shares, representing up to 2.99% of the company's total share capital, through centralized bidding or block trading from August 18 to November 17, 2025 [6] Risk Matters - *ST Suwu announced that its stock may face mandatory delisting due to suspected violations of information disclosure, as the China Securities Regulatory Commission has initiated an investigation, identifying false records in its financial reports from 2020 to 2023 [7] - Beihua Co. confirmed that it has no undisclosed significant matters, despite its stock experiencing a cumulative price drop of over 20% in three consecutive trading days, indicating normal operational conditions [8] - Nanmin Group also stated that it has no undisclosed significant matters, following a similar price drop scenario, confirming that its operational conditions remain stable [9][10]

Mergers and Acquisitions - Shijia Photon plans to acquire equity in Dongguan Fuke Xima Communications Technology Co., Ltd. through a combination of issuing shares and cash payment, with the transaction price yet to be finalized [1] - Jifeng Technology intends to purchase a 5.29% stake in Sichuan Jifeng Juli Industrial Development Co., Ltd. for 7.1625 million yuan, aiming for 100% ownership post-transaction [2] - Jingce Electronics has completed the signing of an agreement to acquire approximately 4.83% of Shanghai Jingce Semiconductor Technology Co., Ltd. for 183 million yuan from the National Integrated Circuit Industry Investment Fund [3] Earnings Disclosure - Sairisi expects a net profit of 2.7 billion to 3.2 billion yuan for the first half of 2025, representing a year-on-year increase of 66.20% to 96.98% [4] - WuXi AppTec anticipates a revenue of approximately 20.799 billion yuan for the first half of 2025, with an adjusted net profit of about 6.315 billion yuan, reflecting a year-on-year growth of approximately 44.43% [5] - Guosheng Financial Holdings projects a net profit of 150 million to 220 million yuan for the first half of 2025, indicating a year-on-year increase of 236.85% to 394.05% [6] Shareholding Changes - Baoshui Technology announced that Shengbang Kaimi plans to reduce its stake by up to 1%, equivalent to a maximum of 12.0015 million shares, between August 4 and November 3 [7] - Wantong Development reported that shareholder Beijing Fuyuan intends to reduce its holdings by up to 3%, or 57.5074 million shares, through various trading methods [8] - Xingsen Technology's controlling shareholder plans to reduce its stake by up to 1.5%, approximately 25.344 million shares, within three months following the announcement [9]