为此，2026年2月13日，宗申动力发布公告称，拟与隆鑫通用进行相关资产置换，本次交易预计构成重 大资产重组。 据了解，宗申动力拟置入的资产为隆鑫通用持有的通用机械业务相关资产与负债（以重庆新隆鑫机电有 限公司股权为核心），而隆鑫通用拟置入的资产为宗申动力持有的摩托车发动机业务相关资产与负债 （以重庆宗申发动机制造有限公司股权为核心），两者拟置入资产与拟置出资产的交易作价差额由一方 向另一方以现金方式补足，本次交易不涉及发行股份。 交易完成后，隆鑫通用将集中资源发展摩托车整车及摩托车发动机业务，聚焦核心动力技术研发与全球 渠道布局，构建更具深度和广度的摩托车动力总成能力，实现发动机与整车的高效协同，持续优化产品 结构、提升产品附加值，致力于成为全球领先的两轮交通工具企业。宗申动力将集中资源发展通用机械 等具有技术优势和市场前景的核心业务，进一步强化主营业务布局。 入主隆鑫通用（603766）（603766.SH）后，宗申动力（001696）（001696.SZ）创始人左宗申开始着手 解决两企业同业竞争问题。 日前，宗申动力发布公告称，筹划重大资产置换事项，公司拟与隆鑫通用进行相关资产置换。此次交易 旨在解决两 ...

Core Viewpoint - Longxin General Power Co., Ltd. plans to conduct an asset swap with Chongqing Zongshen Power Machinery Co., Ltd. to address the issue of competition in the motorcycle and general machinery sectors, aiming for business focus and specialization [2][3] Group 1: Asset Swap Details - Longxin General intends to exchange its general machinery-related assets and liabilities, primarily the equity of Chongqing Xinlongxin Electromechanical Co., Ltd., for Zongshen Power's motorcycle engine-related assets and liabilities, mainly the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd. [2] - The difference in the valuation of the swapped assets will be compensated in cash by one party to the other, and the transaction will not involve issuing shares or changing the controlling shareholder [2] Group 2: Background and Strategic Focus - The asset swap is motivated by a change in the actual controller of Longxin General, which will occur in December 2024, leading to indirect control by Zongshen Industrial Group Co., Ltd. This has resulted in competition in related business areas with subsidiaries controlled by Zongshen Group, including Zongshen Power [2] - Post-transaction, Longxin General will focus its resources on developing motorcycle complete vehicles and motorcycle engine businesses, emphasizing core power technology research and global channel layout to enhance its motorcycle powertrain capabilities [3]

关联交易情况 公司预计与鞍钢集团及其下属企业发生的日常关联交易总金额为412.46亿元，占最近一年度经审计归属 于上市公司股东净资产的347%，交易内容涵盖采购原材料、销售商品等，定价遵循市场化原则。该事 项已通过董事会审议。 重组进展 公司自2023年6月披露资产置换预案后，目前正在对交易方案的可行性与合规性进行审慎论证，因可能 导致关联销售比例大幅增加，事项仍存在不确定性，公司将根据进展及时履行信息披露义务。 经济观察网本钢板材（000761）近期关联交易预计金额巨大，资产置换方案仍在论证，同时公司预告 2025年业绩亏损但同比减亏。 可转债即将到期，公司表示将通过市值管理、降本增效、拓展融资渠道等方式提升上市公司质量，并做 好到期兑付准备。 业绩经营情况 公司已发布业绩预告，预计2025年归属于上市公司股东的净利润亏损38.3亿元，同比减亏23.97%，正式 年报尚待披露。 以上内容基于公开资料整理，不构成投资建议。 可转债终止发行 ...

Core Viewpoint - Longxin General Power Co., Ltd. plans to swap assets related to its general machinery business with Chongqing Zongshen Power Machinery Co., Ltd.'s motorcycle engine business to resolve competition issues and focus on specialized development [2][4]. Group 1: Transaction Overview - The transaction involves the exchange of assets, with Longxin General proposing to swap its general machinery assets, primarily the equity of Chongqing Xinlongxin Electromechanical Co., Ltd., for Zongshen Power's motorcycle engine assets, primarily the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd. [2][4]. - The transaction will be based on an assessment report from a qualified evaluation agency as per the Securities Law of the People's Republic of China, and the price will be determined through negotiation [2][4][5]. - This transaction is classified as a related party transaction due to the control relationship between Longxin General and Zongshen Power, which is controlled by Zuo Zongshen, the actual controller of Longxin General [2][5]. Group 2: Asset Details - The assets to be acquired include those of Chongqing Zongshen Engine Manufacturing Co., Ltd., which has a registered capital of 743.71 million yuan and specializes in manufacturing motorcycle engines and related components [6]. - The assets to be divested are those of Chongqing Xinlongxin Electromechanical Co., Ltd., which has a registered capital of 10 million yuan and focuses on general machinery and power generation equipment [7]. Group 3: Impact on the Company - The transaction aims to eliminate competition between Longxin General and Zongshen Power, allowing the company to concentrate resources on motorcycle and engine businesses, enhancing core power technology development and global channel layout [8]. - Post-transaction, the company intends to optimize product structure and increase product value, aspiring to become a leading global enterprise in two-wheeled transportation [8].

Core Viewpoint - The company plans to conduct an asset swap with Longxin General to address competition issues and enhance long-term core competitiveness [1][2] Group 1: Asset Swap Details - The assets to be swapped include Longxin General's general machinery-related assets and liabilities, primarily the equity of Chongqing New Longxin Electromechanical Co., Ltd. [1] - The company will exchange these for its motorcycle engine-related assets and liabilities, primarily the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd. [1] - The price difference in the asset swap will be compensated in cash, and the transaction will not involve issuing shares [1] Group 2: Transaction Characteristics - The transaction constitutes a related party transaction as Longxin General is controlled by the company's actual controller, Mr. Zuo Zongshen [2] - It is expected to qualify as a major asset restructuring under the regulations of the Major Asset Restructuring Management Measures for Listed Companies [2] - The specific swap price will be determined based on the assessed value of the assets involved, and the company will engage independent advisors for due diligence [2]

Core Viewpoint - The company plans to conduct an asset swap with Zongshen Power to address competition issues, involving the exchange of motorcycle engine-related assets and liabilities for general machinery-related assets and liabilities [1] Group 1: Asset Swap Details - The company intends to acquire assets and liabilities related to motorcycle engines held by Zongshen Power, primarily focusing on the equity of Chongqing Zongshen Engine Manufacturing Co., Ltd [1] - The company will divest its general machinery-related assets and liabilities, centered on the equity of Chongqing Xinlongxin Electromechanical Co., Ltd [1] - The cash difference will be settled without issuing new shares, indicating a straightforward asset exchange [1] Group 2: Transaction Characteristics - This transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring [1] - The transaction will not lead to changes in the controlling shareholder or actual controller of the company [1] - Currently, the transaction is in the planning stage, and the company's stock will not be suspended during this process [1]

在阅读此文之前，辛苦您点击一下关注，既方便您进行讨论和分享，又能给您带来不一样的参与感，感谢您的支持！编辑：[沙尘暴] 中国央行的最新数据显 示，黄金储备已经突破7419万盎司，而美债持有量却已腰斩。 几天前，中国央行发布了最新的资产负债表数据，这引发了华尔街和伦敦金融城的强烈反响：黄金储备已达7419万盎司，并且单月增持了4万盎司。如果我 们将视野拉得更长远一些，就会发现，这并非一则突如其来的新闻，而是一个已经持续了十年的慢动作撤离。 过去我们追求的是规模，手里有钱，心里不慌；而如今，我们要的是安全。这种安全感不是简单的物质财富，而是那种即便在明天由于地缘冲突而导致 SWIFT系统被切断，我们依然能生存下去的结构性安全。美元，早已不是当初的美元。当它被华盛顿当作制裁工具频繁挥舞，用来封锁、制裁他国时，它的 信用锚点已经开始崩塌。 对于中国这样的庞大经济体来说，把国家财富寄托在一个随时可能翻脸的房东手里，本身就是一种巨大的风险。看一看那7419万盎司的黄金，它们不仅仅是 贵金属，更是实实在在、不依赖任何主权信用的硬通货。它们无需任何国家的签字画押，也不怕被人冻结在纽约的账户里。此举正是从纸面契约向物理持有 的 ...

Group 1 - The core viewpoint of the article highlights multiple significant events involving China Power Construction (China Electric Power) including asset swaps with its controlling shareholder and winning several energy storage and engineering projects [1][2]. Group 2 - On February 10, 2026, the company announced plans to swap assets with its controlling shareholder, Power Construction Group, exchanging real estate assets for grid-related assets, with the assessed value of the assets being approximately 24.719 billion yuan for the assets being disposed of and about 24.653 billion yuan for the assets being acquired, with the difference to be paid in cash [2]. - The company made progress in energy storage projects, winning a bid for the Shandong Yucheng Source Network Load Storage Project with a storage portion priced at 1.20 yuan/Wh and a total project investment of approximately 250 million yuan [2]. - On February 11, 2026, the company’s Fourth and Fifth Engineering Bureaus won the bid for the Qingyuan Huangmaoxia Reservoir Project, with a total amount of approximately 2.18 billion yuan [2]. - On February 9, 2026, a consortium led by the Hebei Electric Power Survey and Design Institute won the bid for the Xinxing Gas-fired Power Plant EPC project, amounting to approximately 1.72 billion yuan [2]. Group 3 - Over the past 7 days (February 6 to 12, 2026), the stock price of China Electric Power fluctuated, closing at 5.52 yuan, a slight decrease of 0.54%, with a price range of 5.59 yuan (highest on February 9) and 5.47 yuan (lowest on February 6), showing overall weaker performance compared to the market and industry average [3]. - On February 12, 2026, the stock saw a single-day increase of 0.55% with a trading volume of 954 million yuan and a net inflow of 76.5 million yuan from major funds [3]. Group 4 - Institutional attention towards China Electric Power is generally neutral, with a composite target price of 6.57 yuan as of February 12, 2026, indicating a potential upside of 19.67% from the current price [4]. - Profit forecasts show an expected net profit of 12.008 billion yuan for 2025 (a year-on-year decrease of 0.06%) and an expected 12.530 billion yuan for 2026 (a year-on-year increase of 4.34%) [4]. - There have been no new institutional ratings recently, but several institutions provided "buy" or "hold" recommendations in November 2025 [4].

Group 1 - The company is planning an asset swap with its controlling shareholder, Suhao Holding Group, to address competition issues within the industry [2] - The proposed transaction involves the acquisition of a 54% stake in Jiangsu Suhao Zhongjia Fashion Co., Ltd. and the divestment of a 100% stake in Jiangsu Shuntian Chemical Storage Co., Ltd. and a 2.27% stake in Jintai Futures Co., Ltd. [2] - The transaction is classified as a related party transaction and does not involve the issuance of new shares [2] Group 2 - Due diligence, financial audits, and asset evaluations for the proposed asset swap are currently ongoing [3] - The company is committed to complying with relevant regulations and will continue to fulfill its information disclosure obligations [3]

Core Viewpoint - The company Minmetals Development plans to swap its existing business-related assets and liabilities (excluding retained assets and liabilities) with the 100% equity of Minmetals Mining and Luzhong Mining held by Minmetals Corporation, aiming to transform its main business by acquiring high-quality iron ore mining assets [1][2]. Group 1: Transaction Details - The asset swap will involve the company using existing or newly established subsidiaries to undertake the assets being divested, with the transfer of these assets completed through the transfer of subsidiary equity [2]. - The transaction aims to enhance the company's main business transformation, integrate high-quality iron ore resources from China Minmetals, and promote industrial upgrading [2]. Group 2: Company Overview - Minmetals Development is a core listed platform under China Minmetals, with main business operations covering resource trading, metal trading, and supply chain services, including iron ore, chrome ore, and manganese ore [2]. - The two target companies, Minmetals Mining and Luzhong Mining, are state-owned large iron ore mining enterprises, primarily engaged in iron ore mining, mineral processing, and sales of iron concentrate products [2]. Group 3: Financial Performance - The company's revenue and profit have shown a declining trend in recent years, with projected revenues of 78.646 billion yuan, 78.996 billion yuan, and 67.236 billion yuan for 2022-2024, indicating a 14.89% year-on-year decline in 2024 [3]. - The net profit attributable to shareholders has also decreased for three consecutive years, with figures of 340 million yuan, 199 million yuan, and 126 million yuan for the same period [3]. - In contrast, the two target companies have significantly higher profitability, with Minmetals Mining achieving revenues of 2.317 billion yuan and net profits of 503 million yuan in the first three quarters of 2025 [3].