Core Viewpoint - Hualing Precision Engineering has terminated its private placement of A-shares, leading to the cessation of the control change involving Shangrao Juzhun Qiming Enterprise Management Partnership [2][3] Group 1: Termination of Private Placement - On September 26, Hualing Precision Engineering announced the termination of its plan to issue A-shares to Shangrao Juzhun, which would have resulted in a change of control [2] - The company’s major shareholder remains Huang Yehua, with the actual controllers being Huang Yehua, Ma Xiping, and Huang Chao, all from the same family [2] - The private placement was initially approved on March 10, 2025, but the company failed to submit the necessary application documents to the Shanghai Stock Exchange for over six months [2][3] Group 2: Historical Context - Hualing Precision Engineering had previously attempted a control change in May 2023, which also failed due to conflicts arising from a 9.5% share transfer to Jiedeng Zero Carbon [3] - After the previous conflict, the Huang family regained control of the board, only to seek another control change shortly thereafter [3] Group 3: Financial Performance - Since 2021, Hualing Precision Engineering has experienced significant declines in performance, with continuous negative growth in revenue [4] - The company reported a net loss for four consecutive years, with losses increasing from -3.99 million to -1.51 billion [4] - As of the first half of 2025, the company continued to incur losses of over 46 million [4] Group 4: Revenue and Profitability Metrics - The total revenue for Hualing Precision Engineering has decreased from 2.23 billion in 2021 to 1.12 billion in 2024, reflecting a year-on-year decline of 27.80% [5] - The gross profit has also seen a decline, dropping from 165.57 million in 2021 to 25.65 million in 2024 [5] - The company’s market capitalization as of September 27 is 1.735 billion [6]

Core Viewpoint - The company, General Elevator, has announced that its subsidiary, Shanghai Yunshi Zhibang Information Technology Co., Ltd., has signed a contract for a construction project related to the relocation and reinstatement of non-telecommunication pipelines for the Shanghai Metro Line 19, with a total contract value of RMB 48,500,000 [1] Group 1 - The contract is specifically for the Shanghai Metro Line 19 project [1] - The total contract amount is RMB 48,500,000, which is approximately 48.5 million yuan [1]

Core Viewpoint - General Elevator (300931) has signed a contract for a construction project related to the Shanghai Metro Line 19, indicating a significant business opportunity for the company [1] Group 1: Contract Details - The contract is with Shanghai Dacheng Information Industry Co., Ltd. for the relocation and reinstatement of non-telecommunication pipelines for the Shanghai Metro Line 19 project [1] - The total contract value is 48.5 million yuan, which accounts for 9.13% of the company's audited revenue for the fiscal year 2024 [1] - The project has a duration of 360 days, with planned commencement on September 29, 2025, and completion by September 28, 2026 [1]

Core Viewpoint - The company announced that its subsidiary, Shanghai Yunshi Zhibang Information Technology Co., Ltd., has signed a contract for a construction project related to the relocation and reinstatement of non-telecommunication pipelines for the Shanghai Metro Line 19, with a contract value of 48.5 million yuan [1] Group 1 - The contract is with Shanghai Dacheng Information Industry Co., Ltd. [1] - The project is part of the infrastructure development for the Shanghai Metro [1] - The contract amount is approximately 48.5 million yuan, which is a significant project for the company [1]

Core Viewpoint - The company announced that its subsidiary, Shanghai Yunshi Zhibang Information Technology Co., Ltd., has signed a contract for a construction project related to the relocation and reinstatement of non-telecommunication pipelines for the Shanghai Metro Line 19, with a contract value of 48.5 million yuan [1] Group 1 - The contract is with Shanghai Dacheng Information Industry Co., Ltd. [1] - The project is part of the infrastructure development for the Shanghai Metro [1] - The contract amount is significant, indicating potential revenue growth for the company [1]

Core Viewpoint - The company has signed a contract for a significant construction project related to the Shanghai Metro Line 19, which is expected to positively impact its future operations and performance [1] Group 1: Contract Details - The contract was signed between the company's subsidiary, Shanghai Yunshi Zhibang Information Technology Co., Ltd., and Shanghai Dacheng Information Industry Co., Ltd. [1] - The total contract value is RMB 48.5 million, which accounts for 9.13% of the company's audited revenue for the fiscal year 2024 [1] - The project has a duration of 360 days, with a planned start date of September 29, 2025, and completion by September 28, 2026 [1] Group 2: Impact on Company - The successful execution of the contract is anticipated to have a positive effect on the company's future operations and financial performance [1]

Group 1 - Sega Technology's stock increased by 5.44% on September 25, reaching a price of 18.60 CNY per share, with a trading volume of 83.72 million CNY and a turnover rate of 2.06%, resulting in a total market capitalization of 4.695 billion CNY [1] - The company, founded on April 20, 1990, and listed on May 10, 2016, specializes in the research, design, production, sales, and service of customized precision box systems [1] - The revenue composition of Sega Technology includes: RF devices 33.78%, elevator car systems 22.74%, specialized equipment box systems 22.32%, antennas 16.14%, and others 2.82% [1] Group 2 - The largest circulating shareholder of Sega Technology is a fund under Dacheng Fund, which increased its holdings in the Dacheng CSI 360 Internet + Index A fund by 157,700 shares, totaling 1.2976 million shares, representing 0.57% of circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund, established on February 3, 2016, has a current scale of 698 million CNY, with a year-to-date return of 35.71%, ranking 1428 out of 4220 in its category; over the past year, it achieved an 86.65% return, ranking 753 out of 3820; and since inception, it has returned 220.07% [2]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-09-23 | 300931 | 通用电梯 | 9.00 | 137.09 | | 1,233.83中邮证券有限责任 | 中邮证券有限责任 | | | | | | | | 公司苏州分公司 | 公司苏州分公司 | 9月23日，通用电梯大宗交易成交137.09万股，成交额1233.83万元，占当日总成交额的9.88%，成交价9元，较市场收盘价 11.06元折价18.63%。 ...

Group 1 - The stock price of Meilun Elevator has dropped by 5.1% on September 23, reaching 7.44 CNY per share, with a trading volume of 26.38 million CNY and a turnover rate of 1.15%, resulting in a total market capitalization of 2.597 billion CNY [1] - Meilun Elevator has experienced a continuous decline for four consecutive days, with a cumulative drop of 6.44% during this period [1] - The company, established on May 23, 2000, and listed on September 15, 2017, specializes in the research, production, sales, installation, and maintenance of elevators, escalators, moving walkways, and related components, with main business revenue composition being 82.27% from elevators, escalators, and walkways, 15.67% from installation and maintenance, and 2.06% from other sources [1] Group 2 - Among the top ten circulating shareholders of Meilun Elevator, a fund under Nuoan Fund, Nuoan Multi-Strategy Mixed A (320016), has recently entered the list, holding 1.0548 million shares, which accounts for 0.35% of the circulating shares [2] - The estimated floating loss for Nuoan Multi-Strategy Mixed A today is approximately 421,900 CNY, with a total floating loss of 569,600 CNY during the four-day decline [2] - Nuoan Multi-Strategy Mixed A was established on August 9, 2011, with a current scale of 1.399 billion CNY, achieving a year-to-date return of 57.56%, ranking 694 out of 8172 in its category, and a one-year return of 115.52%, ranking 360 out of 7995 [2]

Core Viewpoint - The company emphasizes that its stock price fluctuations in the secondary market are influenced by various factors, including macroeconomic conditions, market supply and demand, industry characteristics, and investor sentiment [1] Group 1: Company Management and Strategy - The company is committed to maintaining effective management practices to maximize value for both the company and its shareholders [1] - The company aims to maintain good communication and interaction with the capital market to align its valuation closer to its intrinsic value [1]