交运股份筹划重大资产置换 向文体产业"华丽转身" ◎记者 王玉晴 记者注意到，交运股份自2023年至今扣非归母净利润持续亏损，公司自述主营业务承压。目前交运股份 主营业务为道路货运与物流服务、汽车零部件制造与销售服务、乘用车销售与汽车后服务等。2023年、 2024年和2025年前三季度，交运股份分别实现营业收入52.10亿元、44.37亿元和32.30亿元，扣非归母净 利润分别为-1.74亿元、-4.29亿元和-2.16亿元。 公司在2025年半年报中表示：报告期内公司下属道路货运与物流服务板块继续受到公路货运市场激烈竞 争及新业务开拓不及预期的影响，主营业务承压明显；乘用车销售与汽车后服务板块中以传统燃油车品 牌为主的汽车销售业务，仍处于消费需求持续下降、价格战等不利的市场环境，盈利能力改善有限；汽 车零部件制造与销售服务板块汽车动力件、汽车车身件等零部件的业务需求量和销售收入有所回升，但 人力成本、厂房设备固定资产折旧等相对固定分摊成本占比依然较高，盈利能力改善有限。 根据公告，拟置入资产主要涉及文体娱乐业、旅游业。经初步筹划，主要包含上海久事体育赛事运营管 理有限公司100%股权、新设立的体育场馆运营 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码： 600889 股票简称：南京化纤 编号：2025-064 南京化纤股份有限公司 关于收到并回复上海证券交易所审核中心意见落实函的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 南京化纤股份有限公司（以下简称"公司"）拟通过资产置换、发行股份及支付现金的方式购买南京工艺 装备制造股份有限公司100%股份，并拟向不超过35名特定投资者发行股份募集配套资金（以下简称"本 次交易"）。 2025年12月26日，公司收到上海证券交易所（以下简称"上交所"）出具的《关于南京化纤股份有限公司 重大资产置换、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申请的审核中心意见落实函》 （上证上审（并购重组）〔2025〕110号）（以下简称"《审核中心意见落实函》"）。根据《公司法》 《证券法》《上市公司重大资产重组管理办法》《上海证券交易所上市公司重大资产重组审核规则》等 法律、法规及上交所有关规定，上交所对公司重大资产置换、发行股份及支付现金购买资产并募集配套 资金暨 ...

| | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与活动单位及 | 中信证券-武峰 李天雄 | | 人员 | | | 时间 2025 | 年 12 月 22 日 15:00-16:00 | | 地点 | 本溪市 | | 形式 | 现场调研 | | 上市公司接待人 | 陈立文、贾晶乔 | | 员 | | | | 1.重大资产置换目前是否还在推进，进展情况？ | | | 答：公司于 2023 年 6 月披露了《本钢板材股份有限公司 | | | 重大资产置换暨关联交易预案》，鉴于本次交易将导致公司关 | | | 联销售比例大幅增加，可能导致公司对控股股东及其他关联方 | | | 存在重大依赖、对公司面向市场独立持续经营的能力产生重大 | | | 影响，目前公司正在结合自身实际，对本次交易方案的可行性 | | | 与合规性做进一步审慎论证和谨慎评估。本次交易方案仍需进 | | | 一步论证和沟通协商，相关事项尚存在不确定性，公司将根据 | | | 相关事项的进展情 ...

| | 特定对象调研 | 分析师会议 | | --- | --- | --- | | 投资者关系活动 | 媒体采访 | 业绩说明会 | | 类别 | 新闻发布会 | 路演活动 | | | 现场参观 | 其他 | | | 方正富邦-牛伟松 | | | | 博时基金-范卓宇 | | | | 凯丰投资-童帅 | | | | 平安基金-高勇标 | | | | | 中信资管-王勃竣、田相勋、黄德龙、郑沁源 | | | 百川资管-徐岩岩 | | | | 华泰证券资管-冯瑞齐 | | | | 人保资产-封舜 | | | | 中金资管-马晓芃 | | | 参与活动单位及 | 圆信永丰-齐昊琳 | | | 人员 | 太平洋证券-安风楼 | | | | 博时基金-高鑫 | | | | 工银瑞信-周桐 | | | | 人保养老-夏冰心 | | | | 融通基金-江怡龙 | | | | 光大保德信-王霄鸿 | | | | 交银施罗德基金-庄彤芸 | | | | 嘉实基金-李宇昂 | | | | 新华基金-朱旭 | | | | 泉果基金-刘冰卿 | | | 时间 2025 | 年 12 月 18 日 | 15:00-1 ...

| | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与活动单位及 | 华安基金-王晓丹 | | 人员 | 财通证券-郑惠文 | | 时间 | 2025 年 12 月 17 日 15:15-16:15 | | 地点 | 本溪市 | | 形式 | 线上调研 | | 上市公司接待人 | 陈立文、贾晶乔 | | 员 | | | | 1.重大资产置换目前是否还在推进，进展情况？ | | | 答：公司于 2023 年 6 月披露了《本钢板材股份有限公司 | | | 重大资产置换暨关联交易预案》，鉴于本次交易将导致公司关 | | | 联销售比例大幅增加，可能导致公司对控股股东及其他关联方 | | | 存在重大依赖、对公司面向市场独立持续经营的能力产生重大 | | | 影响，目前公司正在结合自身实际，对本次交易方案的可行性 | | | 与合规性做进一步审慎论证和谨慎评估。本次交易方案仍需进 | | | 一步论证和沟通协商，相关事项尚存在不确定性，公司将根据 | | 交流内容 ...

| | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与活动单位及 | 易方达基金-王成 杨康 鲍昀骁 田鑫 张逸 | | 人员 | | | 时间 | 2025 年 12 月 16 日 15:00-15:30 | | 地点 | 本溪市 | | 形式 | 线上调研 | | 上市公司接待人 | 陈立文、贾晶乔 | | 员 | | | | 1.重大资产置换目前是否还在推进，进展情况？ | | | 答：公司于 2023 年 6 月披露了《本钢板材股份有限公司 | | | 重大资产置换暨关联交易预案》，鉴于本次交易将导致公司关 | | | 联销售比例大幅增加，可能导致公司对控股股东及其他关联方 | | | 存在重大依赖、对公司面向市场独立持续经营的能力产生重大 | | | 影响，目前公司正在结合自身实际，对本次交易方案的可行性 | | | 与合规性做进一步审慎论证和谨慎评估。本次交易方案仍需进 | | | 一步论证和沟通协商，相关事项尚存在不确定性，公司将根据 | | ...

Core Viewpoint - The company intends to acquire 100% equity of Guodian Power Nuclear Co., Ltd. through asset swap and share issuance, while divesting 100% equity of State Power Investment Group Capital Holdings Co., Ltd. and raising supporting funds [1][3]. Group 1: Transaction Details - The transaction involves a major asset swap, share issuance for asset purchase, and fundraising [3]. - The assets to be acquired include 100% equity of Electric Power Nuclear held by State Nuclear Power and China Life, while the divested asset is 100% equity of Capital Holdings [3]. - The total transaction price for the acquired assets is 5,539,371.08 million, with an appreciation rate of 99.65%, while the divested asset is valued at 1,510,828.45 million, with an appreciation rate of 46.85% [5][6]. Group 2: Financial Advisory - The independent financial advisors for this transaction are CITIC Securities Co., Ltd. and Bank of China International Securities Co., Ltd. [6].

Core Viewpoint - The Shenzhen Stock Exchange's M&A Review Committee held its 12th meeting on December 4, 2025, to review the application for a transaction, concluding that it meets restructuring conditions and information disclosure requirements [1] Group 1 - The transaction still requires approval from the China Securities Regulatory Commission (CSRC) for registration, indicating uncertainty regarding the final approval and its timing [1]

Group 1: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related sales and impact its independent operational capabilities [2] - The feasibility and compliance of the restructuring plan are under further careful evaluation, with uncertainties remaining [2] - The company will fulfill its information disclosure obligations based on the progress of related matters [2] Group 2: Convertible Bonds and Financial Management - The company plans to enhance its market value management and improve profitability through cost reduction and efficiency enhancement [2] - It aims to prepare for the maturity of its convertible bonds by expanding financing channels [2] Group 3: Industry Competition and Restructuring - The restructuring of the controlling shareholder, Benxi Steel Group, is linked to addressing industry competition with Angang Group [2] - Angang Group has committed to resolving competition issues within five years through asset restructuring and business adjustments [2] - The ongoing major asset restructuring is viewed as the first step in addressing industry competition [2]

Group 1: Profit Improvement Measures - The company plans to enhance profitability by increasing the R&D and production of high-value-added products, narrowing the competitive gap with leading enterprises through differentiated products to raise prices and gross margins [2] - Continuous reduction of procurement costs will be implemented through strategic purchasing, product substitution, and optimizing inventory management [2] - The company aims to expand its sales radius and reduce cross-regional transportation costs by exploring regional cooperation [2] - Smart transformation of production processes and refined management will optimize personnel and equipment efficiency, improving capacity utilization [2] Group 2: Response to Anti-Dumping Investigations - The company is accelerating market expansion into Southeast Asia, South Asia, the Middle East, South America, and Africa to reduce reliance on the Korean market [2] - Product differentiation and upgrades are being prioritized, with a focus on developing high-end products with higher strength, better corrosion resistance, and precise dimensional tolerances for international markets [2] Group 3: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related party sales, potentially impacting its independent operational capabilities [2] - Further feasibility and compliance assessments of the restructuring plan are ongoing, with the company committed to timely information disclosure as developments occur [2] Group 4: Convertible Bonds and Financing - The company is focusing on market value management to enhance profitability and improve management efficiency through professional integration and major asset restructuring [3] - Preparations for the repayment of maturing convertible bonds are underway, alongside efforts to expand financing channels, with sufficient credit and low financing costs [3] Group 5: Raw Material Procurement - Approximately 50%-60% of the company's iron ore is sourced through group procurement, while coking coal and coke are primarily procured through long-term contracts with domestic mines, supplemented by local coal [3]