Group 1 - Jishi Media (吉视传媒) clarifies that it does not engage in "State-owned Cloud" related businesses and does not invest in currently released films [1] - Haishi Pharmaceutical (海思科) received approval for clinical trials of its innovative drug HSK47977, a potential First-In-Class treatment for non-Hodgkin lymphoma [2] - Baiyun Airport (白云机场) signed a 10-year cooperation contract with China Duty Free Group for operating the T3 terminal's outbound duty-free project [3] Group 2 - ST Huamei (ST华微) announced that it failed to rectify fund occupation issues by the deadline, leading to a stock suspension starting August 13, 2025 [4] - Zhenlei Technology (臻镭科技) reported a 73.64% increase in revenue to 205 million yuan and a 1006.99% increase in net profit to approximately 62.32 million yuan for the first half of 2025 [5] - Jiangte Electric (江特电机) announced a change in actual controllers to Wang Xin and Zhu Jun following a share transfer [6] Group 3 - ST Shengtun (ST盛屯) will remove other risk warnings and change its stock name to "Shengtun Mining" effective August 14, 2025, with a trading limit increase from 5% to 10% [7] - Jin Chengzi (金橙子) plans to acquire 55% of Samit Optoelectronics through a share issuance and cash payment, with stock resuming trading on August 13 [8][9] - China Unicom (中国联通) proposed a cash dividend of 1.112 yuan per 10 shares, totaling approximately 3.477 billion yuan [10] Group 4 - China Shipbuilding (中国船舶) announced the buyout price for dissenting shareholders at 30.02 yuan per share, with a premium of 28.25% over the closing price [11] - Shuangyi Technology (双一科技) disclosed plans by its controlling shareholder to reduce holdings by up to 1.31 million shares, representing 0.7923% of total shares [12] - ST Xiachuang (ST峡创) will remove other risk warnings and change its stock name to "Haixia Innovation" effective August 14, 2025 [13] Group 5 - Yuhua Tian (玉禾田) stated that the small shareholding of Zhiyuan Innovation in its subsidiary does not significantly impact its operations [14] - Baichuan Co. (百川股份) announced that its chairman plans to reduce his stake by up to 3% due to personal financial needs [14]

证券代码：603268 证券简称：*ST 松发 公告编号：2025 临-084 广东松发陶瓷股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于同意广东松发陶瓷股份有限公司发行股 份购买资产并募集配套资金注册的批复》（证监许可〔2025〕1032 号）同意，广 东松发陶瓷股份有限公司（以下简称"公司"）向特定对象发行人民币普通股 （A 股）股票 109,080,992 股，发行价格为 36.67 元/股，募集资金总额为人民币 实际募集资金净额为人民币 3,932,047,364.58 元。上述募集资金已于 2025 年 8 月 7 日划至公司本次发行募集资金专户，中汇会计师事务所（特殊普通合伙） 对本次发行募集资金到达公司账户情况进行了审验，并出具了《广东松发陶瓷 股份有限公司验资报告》（中汇会验[2025]10382 号）。 二、《募集资金专户存储三方监管协议》的签订情况和募集资金专户的开立 情况 为规范募集资金管理和使用，保护投资者合法权益，根据中国证监会《上 市公司募集资金监管规则》《上海证券交易所上市公司自律监管指引第 1 号—规 范运作》等法律法规以及公司《募集资金管理制度》相关规定， ...

证券代码：603268 证券简称：*ST 松发 公告编号：2025 临-081 广东松发陶瓷股份有限公司 关于使用募集资金向全资子公司增资暨全资子公司 向全资孙公司增资以实施募投项目的公告 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法律责任。 广东松发陶瓷股份有限公司（以下简称"公司"）于 2025 年 8 月 12 日分别 召开了第六届董事会第十三次会议、第六届监事会第九次会议，审议通过了《关 于使用募集资金向全资子公司增资并通过全资子公司向全资孙公司增资以实施 募投项目的议案》，同意由公司使用募集资金向全资子公司恒力重工集团有限公 司（以下简称"恒力重工"）增资，并通过恒力重工向全资孙公司恒力造船（大 连）有限公司（以下简称"恒力造船"）增资以实施募投项目。本次增资事项不 构成关联交易和重大资产重组。本事项尚需公司股东大会审议通过。现将相关事 项公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意广东松发陶瓷股份有限公司发行股 份购买资产并募集配套资金注册的批复》（证监许可〔2025〕1032 号），公司 向特 ...

Summary of Key Points Core Viewpoint - The company, Guangdong Songfa Ceramics Co., Ltd., is utilizing raised funds to increase capital in its wholly-owned subsidiaries and implement fundraising projects, with independent financial advisor Southwest Securities providing a thorough review of the process and compliance with regulations [2][10]. Group 1: Fundraising Overview - The company raised a total of approximately RMB 3.999 billion through the issuance of 109,080,992 shares at a price of RMB 36.67 per share, after deducting issuance costs [2]. - A special account for the raised funds has been established to ensure dedicated use and compliance with regulatory requirements [3]. Group 2: Investment Project Details - The raised funds will be allocated to specific projects, including the "Green High-end Equipment Manufacturing Project" by Henglian Shipbuilding (Dalian) Co., Ltd. and the "International Ship Research and Design Center Project" by Henglian Heavy Industry Group Co., Ltd. [4][5]. - The total investment for the projects is adjusted to approximately RMB 874.35 million, with specific allocations of RMB 400 million and RMB 393.20 million for different components of the projects [4]. Group 3: Capital Increase Structure - The company plans to increase capital in Henglian Heavy Industry by approximately RMB 3.93 billion and subsequently in Henglian Shipbuilding by RMB 3.5 billion [5][6]. - The capital increase will enhance the financial strength and operational capacity of the project implementation entities, promoting overall company growth and competitiveness [7]. Group 4: Approval and Oversight - The capital increase plan has been approved by the company's board and supervisory committee, and it will be submitted for shareholder approval [8][9]. - The independent financial advisor has confirmed that the process adheres to legal and regulatory standards, ensuring no detriment to the company or shareholders [10].

Group 1 - The core viewpoint of the news is that Guangdong Songfa Ceramics Co., Ltd. successfully completed a major asset swap and issuance of shares to raise nearly 4 billion yuan in supporting funds [1][2] - The project faced challenges such as limited investment institutions, small circulation leading to difficulties in investor reduction, and high pricing difficulties, but the team from Southwest Securities overcame these obstacles [1] - The issuance attracted 22 quality investors, with a total subscription scale of 4.395 billion yuan, and the final issuance price was set at 36.67 yuan per share [1] Group 2 - The asset swap involves the integration of Hengli Heavy Industry Group's shipbuilding and high-end equipment manufacturing business, which will enable self-controlled production of marine engines and reduce reliance on foreign core components [2] - Hengli Heavy Industry is ranked fifth globally and fourth in China for new orders in 2024, and the funds raised will be directed towards green high-end equipment manufacturing projects and an international ship research and design center [2] - The successful completion of this major asset restructuring and fundraising is seen as a practical example of the capital market serving the real economy and private enterprises responding to national strategies [2]

Core Viewpoint - China Shipbuilding (600150.SH) announced the exercise price for dissenting shareholders' buyout request at 30.02 CNY per share, which may lead to potential losses for those exercising the buyout rights given the current market price [1] Summary by Relevant Sections - **Buyout Request Details** - The exercise price for dissenting shareholders to sell their shares is set at 30.02 CNY per share [1] - Dissenting shareholders who successfully declare their buyout request will receive cash compensation at this price [1] - **Market Comparison** - As of August 12, 2025, the company's stock closed at 38.50 CNY per share, representing a premium of 28.25% over the buyout request exercise price [1] - This significant premium indicates that exercising the buyout rights could result in financial losses for dissenting shareholders [1]

即使*ST天茂主动退市完成，还有多个方面的问题需要厘清。 境外成熟市场上市公司有强制退市的，也有主动退市的。相对而言，其主动退市成为主流，也比强制退 市的公司数量要多。与境外某些成熟市场相比，沪深市场的公司退市，则以强制退市为主，而主动退市 只起到"点缀"作用。 我们提倡上市公司主动退市，但对于存在问题的上市公司主动退市，强化监管显然亦是应有之义。具体 到*ST天茂而言，由于该公司至今未披露2024年年报和2025年一季报，根据深交所《股票上市规则》的 相关规定，如果9月初该公司还不披露2024年年报，将触发规范类强制退市，其退市也将板上钉钉。由 于本身存在强制退市的可能，*ST天茂欲主动退市，不失为明智的选择。但最终能否成行，还须召开股 东大会，由中小投资者表决通过才行。 前，深市主板公司*ST天茂发布公告称，拟以股东会决议方式主动撤回*ST天茂A股股票在深交所的上 市交易。这也意味着，沪深市场主动退市的上市公司又将增加1家。由于时至今日*ST天茂仍然没有披 露2024年报，因此该公司堪称是一家问题公司。个人以为，对于问题公司的主动退市，有必要从严监 管。 上市公司退市在近些年已成资本市场一大热门话题。随着 ...

Core Insights - The launch of China's first domestically built large cruise ship "Aida·Modu" marks a significant milestone in the country's shipbuilding capabilities, indicating a shift from being a shipbuilding power to a strong shipbuilding nation [1][2][3] Shipbuilding Capacity Improvement - "Aida·Modu" is 323.6 meters long, 37.2 meters wide, and has a total tonnage of 135,500 tons, featuring 2,125 cabins and the capacity to carry 5,246 passengers, comparable to European-built cruise ships [2] - In 2023, China's shipbuilding completion volume, new orders, and hand-held orders accounted for 50.1%, 65.9%, and 53.4% of the global total, respectively, ranking first in the world [3] - Chinese shipyards secured 59% of the global new ship order volume in 2023, with a total of 24.46 million compensated gross tons (CGT) [3] Deepening Cooperation in Related Fields - China's shipbuilding industry is positively impacting the global shipping market, with increasing cooperation in trade, ports, and shipping with other countries [4] - By August 2023, the fleet size of Chinese shipowners reached 249.2 million gross tons, holding a market share of 15.9%, making China the largest shipowning nation [4] - Greece has accelerated cooperation with China in shipping infrastructure, with a significant portion of new ships being built in China [4] Prosperity in Related Industries - The rapid development of China's shipbuilding industry is accompanied by a booming shipping sector, with Chinese shipyards receiving over 86% of global orders for new car carriers in 2022 [5] Green Transformation and Quality Upgrade - China's shipbuilding industry is focusing on green transformation, with a goal to produce over half of the world's clean energy-powered ships by 2025 [6] - The "Green Development Action Plan for Shipbuilding Industry (2024-2030)" aims to promote the construction of ships powered by liquefied natural gas, methanol, and other low-carbon fuels [6] - The industry is also accelerating the research and development of new transport vessels powered by liquid ammonia, liquid hydrogen, and liquid carbon dioxide [6] Government Support and Competitive Edge - The restructuring of major Chinese shipbuilding companies in 2019 has positioned them as the largest shipbuilding enterprise globally, enhancing production capacity and competitiveness [7] - The combination of reasonable pricing and improving quality has contributed to China's leading position in new ship orders globally [7]

Group 1 - The "14th Five-Year Plan" period has seen China achieve significant milestones, including becoming the world's largest manufacturing power and the largest goods trading nation [4][9][14] - China has established the world's largest and fastest-growing renewable energy system, along with the largest middle-income group [13][9] - The country has built the largest education, healthcare, and social security systems globally, and has the highest number of 5G base stations [10][9] Group 2 - Agricultural production in China, including grains, meat, peanuts, vegetables, tea, and fruits, ranks first in the world [7] - The first domestically produced aircraft carrier, the Fujian, has been launched, and the first large cruise ship, the "Aida·Modu," has been completed and put into operation [4] - The successful operation of the first Chinese space station "Tianhe" and the world's first fourth-generation nuclear power plant at Shidao Bay has been achieved [4]

据重组预案，本次交易以换股方式进行，交易金额达1151.5亿元，构成重大资产重组。自2025年5 月8日上交所正式受理申请以来，相关整合工作有序推进。接下来，该交易仍需履行中国证监会注册等 程序。 【纠错】 【责任编辑:黄海荣】 此次合并不仅是两家上市公司的资本操作，更是中国船舶集团有限公司在2019年由原"两船"集团联 合重组基础上的进一步整合深化，是中国船舶工业体制改革的重要延续。早在1999年，原中国船舶工业 总公司便分拆成立中国船舶工业集团有限公司和中国船舶重工集团有限公司，分别聚焦造船制造的不同 体系。两大集团长期在装备制造、船舶建造等领域并行发展。2019年10月，经党中央决策、国务院批 准，双方实施联合重组，设立中国船舶集团有限公司，推动产业整合纵深发展。 据上交所并购重组审核委员会发布的公告显示，2025年7月4日，上海证券交易所并购重组审核委员 会召开2025年第8次审议会议，审议并通过了中国船舶工业股份有限公司（以下简称"中国船舶"）申请 通过向中国重工全体换股股东发行A股股票的方式吸收合并中国船舶重工股份有限公司（以下简称"中 国重工"）的重大资产重组事项。 公告中称，随着重组顺利推进， ...