Core Viewpoint - The company, Shanghai Chip导 Technology Co., Ltd. (688230.SH), announced a restructuring plan to acquire 100% of Shanghai Jishun Technology Co., Ltd. and 17.15% of Shanghai Shunlei Technology Co., Ltd. for a total price of 402.6 million yuan, marking its first major asset restructuring since its IPO [1][3]. Group 1: Acquisition Details - The company plans to issue convertible bonds and pay cash to fund the acquisition, with an additional fundraising of up to 50 million yuan for transaction costs [1]. - After the transaction, the company will hold 100% of the equity in both Jishun Technology and Shunlei Technology [1]. - Jishun Technology is the controlling shareholder of Shunlei Technology, which focuses on the research, production, and sales of power devices, including automotive-grade and industrial-grade power semiconductor products [2][3]. Group 2: Financial Performance - The target companies are projected to generate revenues of 195 million yuan, 217 million yuan, and 104 million yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of 25.26 million yuan, 38.79 million yuan, and 18.61 million yuan [3]. - The transferor has committed to achieving audited net profits of no less than 35 million yuan, 36.5 million yuan, and 40 million yuan for the years 2025 to 2027 [3]. - The company has experienced a decline in revenue since its IPO in 2021, with a 29.33% decrease in 2022 and a 4.68% decrease in 2023 [5][6]. Group 3: Strategic Rationale - The acquisition is expected to enhance the company's performance and market presence, allowing it to leverage Shunlei Technology's established customer base in various sectors, including automotive electronics and industrial applications [3][4]. - The company has relied heavily on investment income for its net profits since 2022, with investment returns accounting for a significant portion of its earnings [7].

据"绵阳网警"8月5日消息，7月22日，江油市发生一未成年人在校外被辱骂、殴打警情，警方已依法对违法人员作出了治安处罚，并按程序对其中两名违法人 员开展送专门学校矫治教育的工作。 其间，网上出现"江油市公安局副局长的女儿打的人""施暴者父亲为律师""施暴者亲妈是江油市一级警督"等信息。经核实，3名违法人员的父母分别有2人无 业、2人在省外务工、1人为本地售货员、1人为本地外卖员，所传违法人员父母职业身份信息为谣言。 经查，2025年8月4日，网民丁某（女，41岁）、杨某琳（女，27岁）看到网传施暴视频后，为博眼球编造谣言发于微信群和社交平台，引发公开传播扩散， 严重扰乱公共秩序，造成恶劣社会影响。 目前，丁某、杨某琳已被公安机关依法行政处罚。 辟谣。 江阳木成牛朝凌 他泰有多八位,秋早到荷达云多八个 到20分钟出来 据说施暴家长急汇油市公安局副局长 (待核实)被施暴女子父母是聋哑人和残疾人视频可 草解 事情 见正在跪求江油书记解决问 clu 教育不解民情 下定 L # 1 台前 # 周岁犯罪 在演十 BE AN HE 【中华人民实和国际资】 第十三条规定 已满十六周岁的人犯罪,应当负刑事责 任。 已演十四周岁 ...

Core Viewpoint - The article discusses the proposed acquisition by Shanghai Xindao Electronic Technology Co., Ltd. of 100% equity in Shanghai Jishun Technology Co., Ltd. and 17.15% equity in Shanghai Shunlei Technology Co., Ltd. for a total price of 402.6 million yuan, marking the company's first major asset restructuring since its IPO [1][9][10]. Group 1: Acquisition Details - The company plans to issue convertible bonds and pay cash to finance the acquisition, with a maximum fundraising amount of 50 million yuan for transaction costs and intermediary fees [2][3]. - Upon completion of the transaction, the company will hold 100% equity in both Jishun Technology and Shunlei Technology [3]. - Jishun Technology holds 82.85% of Shunlei Technology, making it the controlling shareholder, while Shengfeng is the largest shareholder of Jishun Technology with a 40% stake [7]. Group 2: Business Rationale - The acquisition aims to gain full control of Shunlei Technology, which specializes in the research, production, and sales of power devices, including automotive-grade and industrial-grade semiconductor products [8]. - The transaction is expected to create significant market synergies, allowing the company to leverage Jishun Technology's established customer base in various sectors, including automotive electronics and industrial applications [13]. Group 3: Financial Performance - The target companies are projected to generate revenues of 195 million yuan, 217 million yuan, and 104 million yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of 25.26 million yuan, 38.79 million yuan, and 18.61 million yuan [10]. - The seller has committed to achieving audited net profits of no less than 35 million yuan, 36.5 million yuan, and 40 million yuan for the years 2025 to 2027 [11]. - The company has experienced declining revenues since its IPO, with a 29.33% decrease in 2022 and a 4.68% decrease in 2023, although it is expected to see a 10.15% revenue increase in 2024 [15][16].

Core Viewpoint - Shenzhen Yushun Electronics Co., Ltd. is facing significant financial challenges, including negative net profits and a risk of delisting due to its financial performance, prompting the company to undertake a major asset restructuring to improve its asset quality and profitability [2][10]. Group 1: Financial Performance - The company reported a negative net profit for the fiscal year 2024, with the net profit after deducting non-recurring gains and losses also being negative, and operating revenue falling below 300 million yuan [2][10]. - As of August 4, 2025, the company's price-to-book ratio was 25.85 times, significantly higher than the industry average of 3.81 times, indicating a substantial deviation in valuation metrics compared to comparable companies [12]. Group 2: Stock Trading and Risks - The company's stock experienced abnormal trading fluctuations, with a cumulative price increase deviation exceeding 12% over three consecutive trading days [4]. - Starting May 6, 2025, the Shenzhen Stock Exchange implemented a delisting risk warning for the company's stock due to its financial performance, with potential termination of listing if certain conditions are met in 2025 [2][10]. Group 3: Asset Restructuring - The company is in the process of a significant asset restructuring, which involves acquiring 100% equity of several technology firms to enhance its asset quality and profitability [11]. - The restructuring is currently in the approval stage and carries various risks, including potential suspension or termination of the transaction, funding and debt repayment risks, and goodwill impairment risks [2][11]. Group 4: Market Comparison - The company’s current static price-to-earnings ratio and price-to-book ratio are significantly higher than those of comparable companies in the industry, such as Helitai and OFILM, which may indicate overvaluation [12]. - Investors are advised to be aware of the risks associated with the stock market and to make informed investment decisions based on the company's disclosed information [3][12].

上海市锦天城律师事务所 关于广州禾信仪器股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易 之 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务 所 法律意见书 上海市锦天城律师事务所 法律意见书 目 录 上海市锦天城律师事务所 关于广州禾信仪器股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易之 法律意见书 案号：01F20245149 致：广州禾信仪器股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受广州禾信仪器股份有限 公司（以下简称"公司""上市公司"或"禾信仪器"）的委托，并根据上市公 司与本所签订的《法律服务委托协议》，作为上市公司本次发行股份及支付现金 购买资产并募集配套资金暨关联交易事项（以下简称"本次交易"）的特聘专项 法律顾问。 本法律意见书系根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司重大资产重组管理办法》《上市公司监管指引第 9 号——上市公司筹 划和实施重大资产重组的监管要求》 《上海证券交 ...

广州禾信仪器股份有限公司 备考合并财务报表审阅报告 致同会计师事务所（特殊普通合伙） 目 录 审阅报告 备考合并资产负债表 1-2 备考合并利润表 3 备考合并财务报表附注 4-79 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 审阅报告 致同审字（2025）第 440A033743 号 广州禾信仪器股份有限公司全体股东： 我们审阅了后附的广州禾信仪器股份有限公司（以下简称"禾信仪器"） 按照备考合并财务报表附注三所述的编制基础编制的备考合并财务报表，包 括 2024 年 12 月 31 日、2025 年 6 月 30 日的备考合并资产负债表， 2024 年度、 准则和备考合并财务报表附注三所述的编制基础编制备考合并财务报表是禾 信仪器管理层的责任，我们的责任是在实施审阅工作的基础上对这些财务报 表出具审阅报告。 我们按照《中国注册会计师审阅准则第 2101 号——财务报表审阅》的 规定执行了审阅业务。该准则要求我们计划和实施审 ...

8月4日晚间，中国船舶（600150.SH，股价34.04元，市值1522.41亿元）公告称，公司拟开展吸收合并 重大资产重组项目的异议股东收购请求权有关事宜，公司股票将自2025年8月13日开市起连续停牌，并 将于刊登异议股东收购请求权申报结果公告当日复牌。 8月4日晚间，中国重工（601989.SH，股价4.68元，市值1067.14亿元）公告称，公司拟被中国船舶吸收 合并，导致公司不再具有独立主体资格并被注销。根据相关规定，公司可能向上海证券交易所申请主动 终止上市。上交所将在收到公司提交的主动终止上市申请文件后的15个交易日内作出是否同意公司股票 终止上市的决定。若上交所同意，公司将在公告终止上市决定之日起5个交易日内摘牌并终止上市。 7月4日晚，中国船舶披露《关于公司吸收合并中国船舶重工股份有限公司暨关联交易事项获得上海证券 交易所并购重组审核委员会审核通过的公告》。 公告显示，上交所并购重组审核委员会7月4日召开2025年第8次并购重组审核委员会审议会议，对中国 船舶拟向中国重工股份有限公司全体换股股东发行A股股票的方式换股吸收合并中国重工（下称"本次 交易"）的申请进行了审议。此次会议的审议结果 ...

本报讯 （记者张文湘 见习记者占健宇）8月3日，上海芯导电子科技股份有限公司（以下简称"芯导科 技"）发布公告称，公司拟通过发行可转换公司债券及现金支付方式购买上海吉瞬科技有限公司（以下 简称"吉瞬科技"）100%股权以及上海瞬雷科技有限公司（以下简称"瞬雷科技"）17.15%的股权。 根据公告，本次交易价格暂定约为4.03亿元。交易完成后，公司将直接及间接持有瞬雷科技100%的股 权，实现对瞬雷科技100%的控制。根据相关数据初步测算，本次交易预计将达到重大资产重组标准， 从而构成上市公司重大资产重组。 此外，作为交易方案的一部分，公司拟向不超过35名特定投资者发行股份募集配套资金，配套募集资金 金额不超过5000万元，不超过本次交易标的资产交易价格的100%。 （编辑 张昕） 芯导科技在公告中指出，通过本次交易，公司可以借助瞬雷科技、吉瞬科技的优质客户资源进入汽车电 子、安防仪表、民爆化工、工业等多个领域，而瞬雷科技、吉瞬科技也可以借助上市公司的市场渠道及 客户资源，巩固和强化其在工业等领域的布局，同时扩大消费电子领域的市场占有率。 ...

Group 1 - The core point of the article is that Chip导科技 (688230.SH) plans to issue convertible bonds and acquire assets to gain full control of Shunlei Technology [1][2] - The company intends to issue convertible bonds to specific investors, with an initial conversion price set at 42.79 yuan per share, and the total number of bonds issued will be 2,760,625 [2][3] - The total transaction price for acquiring 100% of Jishun Technology and 17.15% of Shunlei Technology is tentatively set at 402.6 million yuan [1][4] Group 2 - The convertible bonds will have a duration of four years and can be converted into A-shares after a six-month period [2][3] - The company plans to raise up to 50 million yuan through the issuance of A-shares to specific investors, which will be used for part of the cash payment for the acquisition [3] - The acquisition is expected to constitute a major asset restructuring but will not be classified as a related party transaction [4] Group 3 - Shunlei Technology's projected revenues for 2023, 2024, and the first half of 2025 are 194.7 million yuan, 216.8 million yuan, and 103.8 million yuan, respectively, with net profits of 26.8 million yuan, 38.8 million yuan, and 18.6 million yuan [4][5] - As of June 30, 2025, Shunlei Technology's total assets are reported at 172.4 million yuan, with total liabilities of 77.6 million yuan and equity of 94.8 million yuan [5] - Chip导科技's revenue for the first quarter of 2025 is reported at 74.3 million yuan, showing an 8.1% year-on-year increase, while net profit decreased by 1.62% to 24.1 million yuan [6][7]

Core Viewpoint - Cixing Co., Ltd. has decided to terminate the planned acquisition of 75% of Shenyang Shunyi Technology Co., Ltd. through the issuance of shares and cash payment due to failure to reach an agreement on certain commercial terms with some transaction parties [1][2][4]. Group 1: Transaction Details - The planned transaction involved purchasing 75% of Shunyi Technology's shares and raising matching funds from no more than 35 specific investors [1][2]. - The cash payment portion of the transaction was not to exceed 40% of the total transaction price [2][3]. - The issuance price for the shares was set at 7.16 yuan per share, which is not lower than 80% of the average trading price over the previous 120 trading days [3][4]. Group 2: Financial Information - Shunyi Technology's revenue for the years 2023, 2024, and the first quarter of 2025 was reported as 283.92 million yuan, 224.55 million yuan, and 2.84 million yuan, respectively, with net profits of 27.72 million yuan, 54.88 million yuan, and a loss of 11.78 million yuan [5]. - Cixing Co., Ltd. reported a revenue of 608 million yuan in the first quarter of 2025, a year-on-year increase of 2.73%, but a significant decrease in net profit by 66.46% [6]. Group 3: Company Background - Shunyi Technology is recognized as a high-tech enterprise specializing in the development, production, and sales of health management systems and intelligent detection equipment, primarily serving the defense technology sector [4][5]. - The actual controller of Shunyi Technology, Li Yingshun, holds 58.20% of the shares and has significant influence over the company's decisions [5].