Core Viewpoint - Yimi Fund Management Co., Ltd. announced its participation in the non-public issuance of shares by Shanghai ShenKong Petrochemical Equipment Co., Ltd. [1] Group 1: Fund Information - The fund involved is the Yimi Vision Value One-Year Regular Open Mixed Securities Investment Fund [1] - The announcement includes details regarding the investment in non-publicly issued stocks as per the regulations set by the China Securities Regulatory Commission [1] Group 2: Company Information - Shanghai ShenKong Petrochemical Equipment Co., Ltd. is identified by its stock abbreviation "ShenKong Shares" and stock code "002278" [1] - The net asset value and book value of the fund are based on data from December 26, 2025 [1]

Core Viewpoint - Shanghai ShenKai Oil Chemical Equipment Co., Ltd. plans to issue 26,128,266 shares at a price of 8.42 yuan per share, with the listing expected on December 26, 2025, aiming to raise a total of approximately 219.99 million yuan [1][2]. Group 1: Issuance Details - The issuance involves seven specific investors, with the total number of shares allocated being 26,128,266 and the total amount raised being 219,999,999.72 yuan [2]. - The shares will have a lock-up period of six months, starting from the listing date [2]. Group 2: Fund Utilization - The net proceeds from the issuance, after deducting issuance costs of approximately 4.03 million yuan, will be used for three main projects: - High-end marine engineering equipment manufacturing base, with an investment of 110 million yuan [3]. - Acquisition of 51% equity in Blue Ocean Zhixin, with a planned investment of 60 million yuan [4]. - Supplementing working capital with 50 million yuan [5]. Group 3: Project Descriptions - The high-end marine engineering equipment manufacturing base aims to create a benchmark production line for underwater production systems and intelligent control systems, with an annual capacity of 400 sets of equipment [4]. - The acquisition of Blue Ocean Zhixin is part of the company's strategy to enhance its industry position and is expected to be completed by August 2025 [5]. Group 4: Company Overview - The company focuses on the research, development, manufacturing, and sales of equipment for oil exploration, drilling, and refining, covering the entire upstream and downstream value chain of the oil and gas industry [6].

Group 1 - A total of 13 companies in the A-share market announced private placement plans on December 5, with one company disclosing a new plan, ten plans approved by shareholders, one approved by the exchange, and one by the CSRC [1] - Chongqing Meilixin Technology Co., Ltd. plans to raise no more than 1.2 billion yuan, with 500 million yuan allocated for a semiconductor equipment precision component project, 500 million yuan for a communication and automotive parts project, and 200 million yuan for working capital [1] - Shanghai ShenKai Petroleum Chemical Equipment Co., Ltd. received approval from the CSRC for a private placement, planning to issue 26.1283 million shares at 8.42 yuan per share, raising a total of 220 million yuan for a high-end marine engineering equipment manufacturing base project and other purposes [1] Group 2 - As of December 5, 445 listed companies disclosed private placement plans in 2023, a year-on-year increase of 110.90%, indicating a significant enhancement in market financing willingness [2] - A total of 151 companies completed private placements, raising a total of 853.055 billion yuan, with major banks like China Bank, Postal Savings Bank, and others raising over 100 billion yuan each, collectively amounting to 520 billion yuan [2] - Financing activities are increasingly concentrated in high-tech and strategic emerging industries, such as semiconductors, new energy, high-end manufacturing, and biomedicine, with industry leaders leveraging their advantages to initiate large-scale fundraising [2] Group 3 - The rapid growth in the number of private placement plans is attributed to multiple factors, including policy support, ample funds, corporate transformation, and industrial upgrades, indicating that private placements are becoming a significant refinancing method for listed companies [3] - The effectiveness of raised funds in translating into tangible performance growth and sustainable competitive advantages remains crucial for companies [3] - The role of private placements in the A-share market is expected to deepen, supporting companies' cross-cycle growth as the capital market and the real economy become more interconnected [3]

Core Points - ShenKong Co., Ltd. (002278) reported a closing price of 11.72 yuan as of December 5, 2025, reflecting a 1.74% increase from the previous trading day, with a total market capitalization of 4.265 billion yuan [1] - The company plans to raise a total of 220 million yuan through a simplified procedure for a specific group of investors, with a share price set at 8.42 yuan per share [1] - The raised funds will be allocated to the high-end marine engineering equipment manufacturing base project, acquisition of 51% equity in Blue Ocean Zhixin, and to supplement working capital [1] Financial Performance - On the trading day, the stock opened at 11.41 yuan, reached a high of 11.74 yuan, and a low of 11.41 yuan, with a trading volume of 309 million yuan and a turnover rate of 7.97% [1] Regulatory Approval - The issuance has received approval from the Shenzhen Stock Exchange and registration from the China Securities Regulatory Commission, ensuring that there will be no change in the company's control [1]

Core Points - The stock of ShenKong Co., Ltd. (002278) closed at 11.52 yuan on December 4, 2025, down 3.19% from the previous trading day, with a total market capitalization of 4.192 billion yuan [1] - The company announced that it received approval from the China Securities Regulatory Commission (CSRC) for a specific stock issuance, which must be completed within ten working days after the approval [1] - The board of directors will handle related matters in accordance with the approval and legal requirements, ensuring timely information disclosure [1] Stock Performance - The stock opened at 11.69 yuan, reached a high of 11.84 yuan, and a low of 11.46 yuan on the same day [1] - The trading volume was 4.35 billion yuan, with a turnover rate of 11.25% [1] Regulatory Approval - The CSRC issued a formal approval for the company's application to issue stocks to specific investors [1] - The company is required to adhere strictly to the submitted documents and issuance plan [1]

Group 1 - The core point of the article is that ShenKai Co., Ltd. has received approval from the China Securities Regulatory Commission for its application to issue shares to specific investors [1] Group 2 - The company is authorized to proceed with the registration of its stock issuance aimed at specific targets [1]

Core Viewpoint - The company, ShenKai Co., Ltd. (002278.SZ), has received approval from the China Securities Regulatory Commission for its application to issue stocks to specific investors [1] Group 1 - The company has recently announced that it received a formal approval from the China Securities Regulatory Commission [1] - The approval pertains to the company's application for a stock issuance aimed at specific investors [1]

Group 1 - The core point of the article is that Shanghai ShenKong Petrochemical Equipment Co., Ltd. has received a notification from its major shareholder, Jianhu County State-owned Assets Investment Management Co., Ltd., regarding the pledge of shares [1] - Jianhu Guotou will pledge 23.7 million shares, which represents 49.81% of its total holdings in the company [1]

Core Points - The stock of Shanghai ShenKong Petrochemical Equipment Co., Ltd. (神开股份) fell by 5.2% on October 30, trading at 12.57 CNY per share with a transaction volume of 655 million CNY and a turnover rate of 15.24%, resulting in a total market capitalization of 4.574 billion CNY [1] Company Overview - Shanghai ShenKong Petrochemical Equipment Co., Ltd. was established on July 15, 1993, and listed on August 11, 2009. The company specializes in the research, manufacturing, and sales of petrochemical instruments and equipment, as well as providing related engineering technical services. Its products are used in oil exploration, drilling, and refining [1] - The revenue composition of the company's main business includes: 50.72% from oil drilling equipment, 26.44% from logging and drilling services, 18.07% from logging instruments and services, 4.16% from oil analysis instruments, and 0.60% from property leasing and management [1] Shareholder Information - Among the top ten circulating shareholders of ShenKong, a fund under Yongying Fund, specifically Yongying Qiyuan Mixed Initiation A (永赢启源混合发起A, 016560), entered the top ten in the third quarter, holding 2.0347 million shares, which accounts for 0.61% of the circulating shares. The estimated floating loss for today is approximately 1.4039 million CNY [2] - Yongying Qiyuan Mixed Initiation A was established on August 28, 2023, with a latest scale of 15.6247 million CNY. Year-to-date returns are 14.48%, ranking 5381 out of 8152 in its category; the one-year return is 16.72%, ranking 4848 out of 8038; and since inception, the return is 9.14% [2] Fund Manager Information - The fund manager of Yongying Qiyuan Mixed Initiation A is Shen Pinghong, who has been in the position for 294 days. The total asset scale of the fund is 899 million CNY, with the best fund return during the tenure being 37.6% and the worst being 13.67% [3]

Core Viewpoint - The article highlights a significant achievement for China's petrochemical equipment industry, with Sichuan Zhongwang Technology Co., Ltd. winning the bid for the world's largest twin-screw extrusion granulation unit, marking a historic breakthrough in domestic manufacturing and global innovation [2][4][10]. Group 1: Historical Context and Breakthrough - The achievement represents a shift from "catching up" to "leading" in the industry, overcoming a long history of reliance on imported equipment from European and Japanese companies [2][10]. - Sichuan Zhongwang's technology fills a domestic gap and sets a world record for the largest petrochemical twin-screw extrusion granulation unit [2][10]. Group 2: Technical Highlights - The new unit features a processing capacity of 40 tons per hour, significantly exceeding similar products and meeting large-scale industrial production needs [3][10]. - It incorporates innovative synchronous regional continuous flexible online degassing technology, achieving high-efficiency degassing and top-tier product quality [3][10]. - The unit's design boasts a 100% localization rate for core components, breaking decades of foreign technological monopoly [3][10]. Group 3: Industry Significance - This milestone is seen as a transformation from "Made in China" to "Created in China," reflecting a broader shift in the manufacturing landscape [4][10]. - The project is expected to generate an annual output value exceeding 3 billion yuan, stimulating over 20 billion yuan in related industries [6][10]. Group 4: Future Outlook - Sichuan Zhongwang plans to continue its innovation efforts, aiming to launch even larger units in the next three to five years and expand its international market presence [13][14]. - The company aims for overseas sales to account for over 40% of its revenue by 2030, positioning itself as a leader in the global petrochemical equipment sector [13][14].