同业竞争
Search documents
两次调整业务种类?中信证券回应:收购广州证券的后续
Nan Fang Du Shi Bao· 2025-11-22 07:08
| ● 当時位置: 出页 > 政府信息 > 政府信息公开 > 主动公开目录 > 技主题语看 > 基金监管 > 进度公示 宏 引 明 | bm56000001/2022-00018143 | ର 费 | 其政策重合生产公社研 | | --- | --- | --- | --- | | 发布机构 | | 发文日期 | 2025年11月14日 | | 80 原 | 【行政许可事局】证券、基金经营机构行政府可申请受建及旱被鹰军公示。 | | | | 文 号 | | 主题调 | | | | 【行政许可事项】证券、基金经营机构行政许可申请受理及审核情况公示 | | | | 公平。公正和使民的原则,现对证券。基金经营机构行政件可受理及审核情况于以公称。 | 按照表临等实《中华人民共和国行政许可请》、《中国证券监督管理委员会行政许可共推理手设定》的要求。为现一步拓宽省政协可往为。以原考报民者为党意。港幣公开。 | | | 据悉,中信证券在10月份进行了两次"减少业务种类"的申请,此举引发市场关注。就此南都湾财社记者 向中信证券了解此次调整的具体背景,中信证券相关负责人向记者表示,"收购广州证券的后续事项"。 日前,中国证监会 ...
溢价16.63%!种业龙头要约收购荃银高科两成股份
Shang Hai Zheng Quan Bao· 2025-11-21 00:57
Core Viewpoint - Zhongzhong Group plans to launch a partial tender offer to acquire 189 million shares of Quanyin High-Tech, representing 20% of the total issued shares, at a price of 11.85 CNY per share, which is a premium of approximately 16.63% over the closing price of 10.16 CNY on November 20 [1][4] Group 1: Tender Offer Details - The total funding required for the tender offer is estimated to be no more than 2.245 billion CNY [4] - After the completion of the tender offer, Zhongzhong Group will hold up to 384 million shares, accounting for approximately 40.51% of Quanyin High-Tech's total share capital [1][4] - The tender offer is classified as a voluntary offer and is not intended to terminate the listing status of Quanyin High-Tech [4] Group 2: Shareholder Agreements - Zhongzhong Group has terminated the voting rights delegation and concerted action agreement with previous shareholders Jia Guilan and Wang Yulin, while maintaining its direct shareholding of 20.51% [4] - Following the termination, Zhongzhong Group will no longer combine voting rights with Jia Guilan and Wang Yulin, although they have committed to accept the tender offer with their freely tradable shares [4] Group 3: Industry Context - Zhongzhong Group is a national-level seed company established in 1978, recognized as a leading enterprise in agricultural industrialization by eight ministries [5] - Quanyin High-Tech is one of the first companies certified by the Ministry of Agriculture and Rural Affairs for integrated seed breeding and promotion, focusing on the research, breeding, and marketing of major crops [6] Group 4: Competitive Landscape - The tender offer may be closely related to Zhongzhong Group's impending commitment to resolve competition issues with Quanyin High-Tech, which was established when Zhongzhong Group became the controlling shareholder in 2021 [7] - Zhongzhong Group had committed to resolving any competitive situations between itself and Quanyin High-Tech within five years of the previous equity change, which is approaching its deadline [7] Group 5: Financial Performance - In the first three quarters of the year, Quanyin High-Tech reported revenue of approximately 1.934 billion CNY, a year-on-year decrease of 5.9%, with a net loss attributable to shareholders of approximately 180 million CNY [8] - The company’s third-quarter revenue was 498 million CNY, down 22.78% year-on-year, and the net loss for the quarter was 139 million CNY, a decline of 123.34% year-on-year [8] - Quanyin High-Tech aims to achieve a revenue target of 5 billion CNY and a net profit of 300 million CNY by 2025, requiring significant revenue growth in the fourth quarter [8]
解决同业竞争承诺期限临近 中种集团拟22亿要约收购荃银高科20%股份|速读公告
Xin Lang Cai Jing· 2025-11-21 00:26
智通财经11月21日讯(记者 刘建)昨日晚间,荃银高科(300087.SZ)公告,中种集团拟向除收购人以 外的荃银高科全体股东发出部分要约,预定要约收购股份数量为1.89亿股,约占荃银高科已发行股份总 数的20.00%。 中种集团在2021年成为荃银高科控股股东,并在2021年12月发布的《详式权益变动报告书中》曾披露, 中种集团与荃银高科在农作物种子相关业务存在一定重合。在境内水稻种子领域,中种集团、广东省金 稻种业有限公司、中种科技创新服务(湖北)有限公司与荃银高科存在一定程度同业竞争;在境内小麦 种子领域,中种集团与荃银高科存在一定程度同业竞争。 彼时其曾承诺,对于今后若出现或发现荃银高科与中种集团及中种集团控制的企业之间的竞争情形,中 种集团将自前次权益变动发生之日起五年内,解决竞争问题。 截至目前,距离该承诺已近4年时间。从11月以来便有多位投资者通过互动平台咨询解决同业竞争问 题。公司多次回复表示,中种集团采取适当方式解决同业竞争问题,目前上述承诺仍在履行期限内,如 有相关事项,公司会按照规则及时披露。 公开资料显示,荃银高科主要从事优良水稻、玉米、小麦等主要农作物种子的研发、繁育、推广、服 务, ...
溢价16.63%!行业龙头要约收购300087两成股份
Shang Hai Zheng Quan Bao· 2025-11-20 14:37
11月20日晚间,荃银高科(300087)公告称,公司收到中种集团出具的要约收购报告书摘要,中种集团拟向除收购人以外 的荃银高科全体股东发出部分要约,预定要约收购股份数量为1.89亿股,约占荃银高科已发行股份总数的20.00%。本次要 约收购完成后,收购人最多合计持有荃银高科3.84亿股股份,约占荃银高科总股本的40.51%。 溢价约16.63% 荃银高科称,本次要约收购所需资金总额预计不超过22.45亿元。本次要约收购完成后,收购人最多合计持有荃银高科3.84 亿股股份,约占荃银高科总股本的40.51%。本次要约收购类型为主动要约,并非履行法定收购义务,且不以终止上市公司 上市地位为目的。 同日,荃银高科还发布了一份关于股东解除一致行动关系暨权益变动的提示性公告。中种集团与原先的一致行动人贾桂 兰、王玉林签署了《表决权委托及一致行动协议终止协议》。 本次权益变动前,中种集团直接持有公司20.51%股份,并通过一致行动人合计控制公司28.36%的表决权。权益变动后,中 种集团直接持股比例不变,但不再与贾桂兰、王玉林合并计算表决权。 此外,贾桂兰、王玉林不可撤销地承诺,以其所持荃银高科无限售条件流通股份有效申报 ...
中南传媒(601098.SH):与关联方签订委托经营管理合同暨控股股东申请延长解决同业竞争承诺履行期限
Ge Long Hui A P P· 2025-11-20 13:18
2025年11月19日公司召开第六届董事会第八次会议,审议通过了《关于与关联方签订委托经营管理合同 暨控股股东申请延长解决同业竞争承诺履行期限的议案》,关联董事贺砾辉、杨壮、李晖、熊名辉、周 亦翔、王清学回避表决,4名非关联董事李桂兰、雷辉、廖圣清、易莎一致表决同意该议案。本次交易 需提交股东会审议。 格隆汇11月20日丨中南传媒(601098.SH)公布,为切实履行好避免同业竞争承诺,有效解决教育报刊集 团、教育音像社、地图社三家公司与中南传媒之间的同业竞争问题,出版集团和中南传媒一直致力于将 上述三家公司注入中南传媒。经不懈努力,对注入工作构成重大影响的问题均已妥善解决。但现三家公 司因出版行业数字化转型面临诸多挑战,数智化建设前期投入大,以及教辅政策变化的影响,未来经营 发展与转型是否成功存在不确定性。为保护上市公司和中小股东利益,出版集团提出将其2023年12月出 具的将三家公司注入中南传媒的承诺完成期限延长5年,即在2030年12月8日前履行完毕,当前继续由出 版集团、中南传媒及三家公司三方签署委托经营管理合同,采用委托经营方案,暂时性解决同业竞争问 题,待三家公司发展前景向好,再将其以合法方式、按 ...
中南传媒:与关联方签订委托经营管理合同暨控股股东申请延长解决同业竞争承诺履行期限
Ge Long Hui· 2025-11-20 13:07
Core Viewpoint - Zhongnan Media (601098.SH) is extending the deadline for the integration of three companies to address competition issues, now set to be completed by December 8, 2030, due to challenges in the publishing industry's digital transformation and changes in educational policies [1] Group 1: Company Actions - The publishing group has proposed to extend the commitment deadline for integrating the three companies into Zhongnan Media by five years [1] - A temporary solution involving a management contract has been established to address the competition issue until the companies' prospects improve [1] - The management fees for the three companies are set at 1 million yuan per year for the Education Publishing Group and 100,000 yuan per year for both the Education Audio-Visual Company and the Map Company [1] Group 2: Board Decisions - The sixth board meeting approved the proposal to sign management contracts with related parties and extend the deadline for resolving competition commitments [2] - Several related directors recused themselves from the vote, while four non-related directors unanimously agreed to the proposal [2] - The transaction will require approval from the shareholders' meeting [2]
导致上市失败的关键因素,触碰到上市的三条警戒线
Sou Hu Cai Jing· 2025-11-14 11:44
Core Viewpoint - The article discusses the reasons behind the failure of many companies to go public, highlighting the importance of avoiding conflicts of interest and compliance with regulations regarding related party transactions, industry competition, and executive roles. Group 1: Industry Competition (Red Line) - Companies applying for an IPO must not engage in the same business as their controlling shareholders or related entities, even if those entities are shell companies [2][3] - An example is provided with Changyou Technology, which faced delays in its IPO due to the need to deregister a shell company that was involved in similar business activities [4] - Companies are advised to promptly deregister non-operational shell companies and address any industry competition issues to avoid future IPO complications [5] Group 2: Related Party Transactions (Yellow Line) - Related party transactions are not prohibited but must meet two criteria: fair pricing and compliance with corporate governance procedures [6][9] - An example is given of Meiai Technology, which faced scrutiny over its pricing in transactions with a related company, Tianjia Environment, leading to multiple rounds of inquiries before successfully listing [8] - Companies must ensure that related party transactions are approved by the board or shareholders to avoid regulatory issues [10] Group 3: Executive Roles and Part-time Positions (White Line) - Controlling shareholders can hold positions in other companies as long as they are not in executive roles that could compromise independence [11][12] - High-level executives are also restricted from holding positions in the controlling shareholder's other companies to protect the interests of the listed company [13][14]
马钢股份2025年第三季度业绩说明会问答实录
Quan Jing Wang· 2025-11-14 07:59
Core Viewpoint - The company held its Q3 2025 earnings presentation, addressing investor questions regarding competition, carbon management, debt structure, and operational performance, highlighting both challenges and strategic initiatives for growth and sustainability [1][2][7]. Competition and Market Position - The company faces some competition from subsidiaries of its indirect controlling shareholder, China Baowu Steel Group, particularly in the flat steel products segment, but has differentiated itself in other areas [1]. - The company is exploring business integration and asset restructuring to mitigate competition, with a focus on developing its market position in rail traffic axle products and new special steel projects [1]. Carbon Management and Sustainability - The company has established a carbon emission management system with goals to reduce carbon emissions by 30% by 2025, including full-process control mechanisms and digital support platforms [2]. - Collaboration with upstream suppliers to lower carbon emissions and the development of low-carbon products, such as low-carbon heavy-duty wheels, are key initiatives [2]. Financial Performance - Q3 2025 revenue reached 19.497 billion, a year-on-year increase of 5.4%, while total revenue for the first three quarters was 57.572 billion, showing no year-on-year growth [7]. - The company reported a net profit of 0.84 billion for the first three quarters, marking a turnaround, with Q3 alone contributing 1.58 billion in profit due to improved operational stability and cost management [9]. Debt Management - The company is actively working on optimizing its debt structure, with a focus on accelerating accounts receivable collection and improving asset turnover efficiency [5]. - As of September 2025, total liabilities were 50.383 billion, a decrease of 1.258 billion from the beginning of the year, indicating progress in debt management [5]. Product Development and Innovation - The company is focusing on high-value-added products, with the proportion of high-margin new products increasing from 3.69% to 5.96% in the first half of 2025 [8]. - New product sales reached 1.32 million tons, with a significant increase in gross profit, particularly for high-strength steel products developed for the new energy vehicle sector [8][9]. Operational Efficiency - The company is implementing measures to stabilize production and enhance efficiency, including optimizing production lines and focusing on high-margin product sales [8]. - The construction of a new continuous casting machine is expected to improve product quality and support the company's green development goals [9].
北京住总换帅:张锁全接棒,强化地产板块统筹与工程板块融合
Xin Jing Bao· 2025-11-11 14:15
Core Viewpoint - Beijing State-owned Enterprise Zhuzong Group has undergone significant leadership changes, with Zhang Suoquan appointed as the new Party Secretary and Director, indicating a strategic shift aimed at enhancing the integration of real estate and engineering sectors amid economic pressures and industry adjustments [1][2]. Group 1: Leadership Changes - Zhang Suoquan has been appointed as the Party Secretary and Director of Beijing Zhuzong Group, while former leader Xie Fuhai has been reassigned [1]. - Zhang Suoquan is a seasoned urban construction manager with extensive experience in investment and engineering within the Beijing construction system [1]. - The leadership change is part of a broader strategy to align with the "14th Five-Year" development plan and optimize the group's structure [1][2]. Group 2: Financial Performance - In the first half of the year, Beijing Zhuzong Group reported revenues of 22.023 billion yuan, remaining stable compared to the previous year, while total profits decreased by approximately 36% to around 350 million yuan [2]. - The company is focused on meeting annual targets, emphasizing revenue and profit metrics, and accelerating payment collections to ensure successful completion of yearly objectives [2]. Group 3: Strategic Adjustments - The leadership transition is seen as a continuation of the restructuring initiated in 2019, aimed at fostering leading construction enterprises and enhancing industry concentration [2]. - To address competition issues post-merger with Beijing Urban Construction Group, Zhuzong Group is actively pursuing internal integration and structural adjustments [2][3]. - The company has integrated its real estate development operations by merging Beijing Zhuzong Real Estate Development Co., Ltd. with Beijing Zhuzong Real Estate Co., Ltd. [3].
北京住总集团“换帅” 张锁全任董事长
2 1 Shi Ji Jing Ji Bao Dao· 2025-11-10 11:04
21世纪经济报道记者 张敏 11月10日上午,北京住总集团召开干部大会,宣布集团主要领导任职调整。 会议宣布,经北京城建集团党委常委会研究,张锁全兼任北京住总集团有限责任公司党委书记、董事, 推荐为董事长人选。谢夫海不再担任住总集团相关领导职务,另有任用。 张锁全现任北京城建集团党委常委、副总经理。 北京住总集团的前身是1983年5月成立的北京市住宅建设总公司,曾承担过1990年北京亚运会的工程建 设。1992年11月,经北京市政府批准,北京住总集团正式成立。北京住总集团具有工程总承包、房地产 开发、建安施工、海外承包的一级资质,是北京最早从事房地产开发的企业之一。 此后,住总集团先后将旗下多家公司委托给城建发展管理,同时对旗下的房地产公司进行合并。 住总集团内部人士向21世纪经济报道记者表示,过去两年,住总集团正着力消化房地产库存,房地产开 发板块向城市更新、城中村改造、代建等方向发力。 北京城建集团党委书记、董事长李伟东在上述会议中指出,"此次任职调整是集团立足'十五五'发展规 划、优化顶层设计、融合发展全局的战略决策,旨在进一步强化地产板块统筹与工程板块融合,为城建 集团产业升级注入新动力。" 据悉,住 ...