连续6年，妙可蓝多（600882）(600882.SH)持续获得公司控股股东"加仓"。 1月26日晚间，妙可蓝多公告显示，公司控股股东内蒙蒙牛通过集中竞价方式增持公司股票133.2219万 股，占公司总股本比例0.26%，触及1%的刻度。目前，内蒙蒙牛持股比例达37.04%。 近年来，内蒙蒙牛持续增持妙可蓝多。 2020年1月，内蒙蒙牛以2.87亿元的价格受让妙可蓝多5%的股权，成为公司的第二大股东。 2021年，内蒙蒙牛全额参与了妙可蓝多30亿元的定增计划，其持股比例提升至28.46%，并成为第一大 股东。 据长江商报记者不完全统计，自2020年1月以来，内蒙蒙牛6年间通过协议转让、定增、要约收购等方式 持续增持妙可蓝多，累计投入资金超百亿元。 当下，妙可蓝多正在进行管理层的更迭。1月25日晚间，公司发布的公告显示，公司副董事长、总经 理、法定代表人柴琇离任。 同时，妙可蓝多公告显示，蒯玉龙担任公司总经理、法定代表人。 内蒙蒙牛持股比例升至37.04% 妙可蓝多主营业务为以奶酪为核心的特色乳制品的研发、生产和销售，其中奶酪产品可以进一步细分为 即食营养系列、家庭餐桌系列和餐饮工业系列。同时，公司也从事液态奶 ...

【环球网消费综合报道】1月26日，妙可蓝多（600882.SH）发布公告，正式宣告公司人事架构发生重 大调整。创始人柴琇被免去副董事长、总经理及法定代表人职务，接棒者是公司原首席财务官、拥有深 厚蒙牛系背景的蒯玉龙。这一决定标志着妙可蓝多彻底告别了由创始人主导的发展阶段，正式进入了由 产业资本蒙牛全面掌控和职业经理人团队管理的时期。 分析人士指出，妙可蓝多的管理层更迭是产业资本整合的必然结果，也是公司走向"正规化治理"的关键 一步。长期来看，蒙牛系的全面入主有助于公司规范治理结构、降低经营风险。对于妙可蓝多而言，未 来的核心挑战在于如何在蒙牛的体系内找准定位，从单一的奶酪品牌升级为覆盖全家庭营养的综合平 台。在奶酪市场竞争日益同质化的当下，能否凭借蒙牛的渠道优势和供应链红利，实现从儿童市场向成 人市场的顺利突围，将是决定其未来市值空间的关键。（文馨） 据悉，导致柴琇被免职的直接导火索是其关联方通过体外并购基金提供的担保债务出现逾期。而该笔债 务的债权人正是妙可蓝多目前的第一大股东蒙牛。根据公司披露，这一事件预计将导致妙可蓝多2025年 度净利润减少1.19亿至1.27亿元。尽管柴琇此前曾承诺对该基金的亏损承担 ...

Core Viewpoint - Chery CVC successfully acquired Honghe Technology (002955), marking the first completed transaction under the "Six Merger Guidelines" and establishing a new governance structure that integrates industry capital with listed companies [1][3] Group 1: Transaction Overview - The acquisition involved the transfer of 59,159,978 shares, giving Chery CVC a 25% stake and making it the controlling shareholder of Honghe Technology [1] - This transaction is significant as it represents a strategic move by Chery to leverage Honghe's strengths in education technology and display technology for cross-industry collaboration [2][5] - The deal is seen as a model for future industry capital acquisitions of listed companies, providing a replicable framework for similar transactions [3] Group 2: Financial Performance and Market Position - In 2024, Honghe Technology reported revenues of 3.525 billion yuan and a net profit of 222 million yuan, with a net profit margin of 6.13% and a gross margin of 28.01% [4] - The company has a debt-to-asset ratio of 28.05% and nearly 2.2 billion yuan in cash and financial assets [4] - Honghe's brand "Newline" holds a 22% market share in the U.S. and 9.5% in the EMEA region, with 55.36% of its revenue coming from international markets [4] Group 3: Governance Structure - The new board of directors was established on December 22, 2025, combining new and existing members to create a balanced governance structure [6] - Key figures include Yao Ruibo from the controlling shareholder, Wang Chenchen representing provincial state assets, and Peng Ji representing municipal state assets, enhancing the board's industry expertise [6][7] - The retention of former chairman Sun Xiaoqiang as vice chairman and CEO ensures continuity in management while integrating new strategic capabilities [7] Group 4: Strategic Implications - The integration of Honghe's education technology with Chery's smart automotive technology aims to create a new market segment combining education and smart vehicles [5] - The collaboration is expected to leverage both companies' strengths in overseas markets, enhancing their competitive edge in international expansion [5] - This acquisition is positioned as a pioneering example of industry capital integration, potentially transforming Honghe from an education technology leader to a diversified display solution provider [7]

Core Viewpoint - The acquisition of Honghe Technology by Chery CVC marks a significant milestone as the first completed transaction under the "Six Merger Guidelines," facilitating a smooth transition of control and exploring new avenues for industrial capital empowerment in listed companies [1][4]. Group 1: Transaction Overview - Chery CVC successfully acquired 25% of Honghe Technology's shares, making it the controlling shareholder, with the transfer of 59,159,978 shares completed on February 1 [1]. - The transaction is seen as a strategic move by Chery to gain access to the A-share capital market and align with local industrial upgrade strategies [4]. - The establishment of the investment fund, Ruicheng Hongtu, with a capital of 1.6 billion yuan, focuses on equity investment and asset management, indicating a robust backing for the acquisition [4][7]. Group 2: Strategic Integration - The unique value of this transaction lies in the deep integration of industrial capital and listed company resources, potentially leading to a new cross-industry collaboration between education and smart automotive sectors [2][8]. - Honghe Technology, a leader in educational information technology, reported a revenue of 3.525 billion yuan and a net profit of 222 million yuan in 2024, with a significant portion of its revenue coming from international markets [6]. - The collaboration between Honghe Technology's educational display technology and Chery's smart automotive technology is expected to create synergies and enhance market competitiveness [8]. Group 3: Governance Structure - The new board of directors, formed after the acquisition, combines experienced members from both the old and new management, creating a balanced governance structure that supports future development [10][11]. - Key appointments include Yao Ruibo from Ruicheng Fund, who brings extensive financial and investment experience, and Wang Chenchen, representing provincial state-owned assets, ensuring diverse representation [10]. - The retention of former chairman Sun Xiaoqiang as vice chairman and CEO preserves existing management expertise while integrating new strategic capabilities [11]. Group 4: Future Outlook - The successful integration of Honghe Technology as a platform for industrial capital consolidation is expected to lead to a transformation from an educational technology leader to a diversified display solution provider [11]. - The transaction serves as a benchmark for future acquisitions under the "Six Merger Guidelines," promoting the integration of industrial capital and listed companies [11].

Group 1 - The company intends to pursue mergers and acquisitions in the laser industry to consolidate high-quality domestic resources and strengthen its position as a leading international laser company [2] - The company has established a complete industrial chain system from materials to chips and believes its current production capacity can meet market demand for the foreseeable future [2] - The company emphasizes the importance of healthy competition and reasonable profits for the sustainable development of the laser ecosystem, advocating for collaboration among domestic enterprises rather than engaging in price wars [2] Group 2 - The implementation of the "Six Opinions on Deepening the Reform of Mergers and Acquisitions Market for Listed Companies" provides a favorable policy environment for corporate mergers and acquisitions [3] - The company has transitioned from being technology-driven to an IDM (Integrated Device Manufacturer) full industrial chain platform since its listing in 2022, expanding horizontally into various application fields and vertically into downstream devices and system modules [3] - The company aims to leverage its capital and technological advantages to accelerate group development and create a leading optoelectronic industry ecosystem [3]