Group 1 - *ST Yuancheng's stock price closed at 2.74 yuan, experiencing a decline of 4.86%, marking the fifth consecutive trading day of a trading halt [1] - The company was listed on the Shanghai Stock Exchange on March 24, 2017, with an initial issuance of 25 million shares at a price of 12.10 yuan per share, raising a total of 302.5 million yuan [1] - The total issuance costs amounted to 35.35 million yuan, with underwriting and sponsorship fees of 24 million yuan [1] Group 2 - A special report on the use of raised funds for 2024 indicates that *ST Yuancheng conducted a non-public offering of 40,591,512 shares at a price of 7.01 yuan per share, raising a total of approximately 284.55 million yuan [2] - After deducting underwriting fees and other expenses of approximately 7.49 million yuan, the net amount raised was about 277.06 million yuan [2] - The total amount raised from two fundraising activities is approximately 58.70 million yuan [2]

Group 1 - The company, Jinpu Garden Co., Ltd., has issued convertible bonds to unspecified investors, with a total of 5.2 million bonds at a face value of 100 yuan each, raising a total of 520 million yuan [2][3] - After deducting underwriting fees and other expenses, the net proceeds from the bond issuance amount to approximately 512.84 million yuan [2][3] - The bonds have a credit rating of A+, and the company plans to redeem the bonds at 115% of the face value after the maturity period [3][4] Group 2 - The company will distribute cash dividends of 0.5 yuan per share to shareholders, based on a total share capital of 183,931,394 shares as of March 31, 2025 [6][7] - The dividend distribution aligns with the company's profit distribution conditions and is expected to support long-term development without adversely affecting financial stability [7][8] - The bondholders will have the right to sell their bonds back to the company under certain conditions, including significant changes in the use of raised funds [5][6]

免责 声 明 本内容最终解释权归申万宏源证券有限公司所有。 近日 ，由申万宏源 作为销售机构的 上海 奉发集团公租房资产支支持专项计划项目目 完成 发行 。 本期 资产支支持证券化产品 发行规模 14.737 亿元，债券期限 18 年，票面利 率 2. 15 % 。 发行人 上海奉贤园林绿化工工程有限公司 成立于 1998 年，是一一家隶隶属于 上海奉贤发 展集团的国有企业。公司的主要业务范围包括园林绿化工工程的设计、施工工及养护，同时 扩展到房屋建筑、市政工工程、河湖整治等领域。公司具备多项专业资质，如风风景园林建 设工工程专项设计资质、房屋建筑工工程施工工总承包叁级资质等 。公司在园林绿化工工程施 工工、绿化养护、风风景园林建设工工程专项设计等领域拥有 4 项专利信息 。公司秉承 " 创 建人人类美好家园 " 的企业文文化理念，致力力于提升城市绿化 环境。 此次 资产证券化产品的 成功发行行，申万宏源的销售实力力得到发行行人人高高度认可，为后续 公司与发行行人人深化业务合作奠定了坚实的基础。 ...

Core Viewpoint - Hangzhou Garden achieved a daily limit increase of 20.00%, with a total turnover rate of 24.41% and a transaction volume of 524 million yuan, indicating strong market interest and activity in the stock [2][3]. Trading Activity - The stock was listed on the Shenzhen Stock Exchange due to its closing price increase of 20.00%, with a net buying amount from brokerage seats totaling 48.9458 million yuan [3]. - The top five brokerage seats accounted for a total transaction volume of 147 million yuan, with a buying transaction amount of 98.0078 million yuan and a selling transaction amount of 49.0620 million yuan, resulting in a net buying of 48.9458 million yuan [3]. - The largest buying brokerage was Guotai Junan Securities Co., Ltd. Yichang Yangtze Avenue Securities Office, with a buying amount of 35.8821 million yuan, while the largest selling brokerage was Founder Securities Co., Ltd. Shanghai Yanggao South Road Securities Office, with a selling amount of 12.7666 million yuan [3]. Fund Flow - The stock experienced a net inflow of 116 million yuan from main funds, with a significant inflow of 149 million yuan from large orders, while large orders saw a net outflow of 33.1895 million yuan [3]. - Over the past five days, the net inflow of main funds amounted to 181 million yuan [3].

Core Viewpoint - Chengbang Co., Ltd. (603316) experienced a trading halt today with a turnover rate of 35.35% and a transaction amount of 1.051 billion yuan, while the stock's price fluctuated by 17.93% [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its daily fluctuation of 17.93% and turnover rate of 35.35%, with a net selling amount of 16.9978 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 137 million yuan, with a buying amount of 60.2492 million yuan and a selling amount of 77.2470 million yuan, resulting in a net selling of 16.9978 million yuan [2] - The largest buying brokerage was Dongfang Caifu Securities Co., Ltd. with a purchase amount of 14.0869 million yuan, while the largest selling brokerage was Lianchu Securities Co., Ltd. with a selling amount of 20.7225 million yuan [2] Recent Performance - Over the past six months, the stock has appeared on the "Dragon and Tiger List" nine times, with an average price increase of 7.08% the day after being listed and an average increase of 14.96% within five days [3] - Today, the stock saw a net outflow of 159 million yuan in main funds, including a net outflow of 105 million yuan from large orders and 54.5735 million yuan from major funds. In the past five days, the net outflow of main funds reached 188 million yuan [3] Financial Results - On April 30, the company released its Q1 report, showing a total revenue of 97.0122 million yuan, representing a year-on-year growth of 91.03%, and a net profit of 2.9597 million yuan, reflecting a year-on-year increase of 202.42% [3]

金十数据7月2日讯，诚邦股份公告，自2025年6月26日起，公司股票已经连续5个交易日涨停，同期上证 指数下降0.03%。根据中证指数有限公司发布的滚动市净率（证监会行业分类），公司所处行业最新市 净率为0.58，公司最新市净率为4.01，公司滚动市净率高于平均水平。公司股价波动偏离公司基本面。 诚邦股份：股价波动偏离公司基本面 ...

Core Viewpoint - The credit rating report for Guangdong Wenkai Green Technology Co., Ltd. indicates a stable credit rating of A- with concerns regarding its financial performance and operational challenges in the ecological environment sector [4][5][6]. Company Overview - Guangdong Wenkai Green Technology Co., Ltd. is primarily engaged in ecological engineering, green energy, and cultural tourism sectors, with a focus on expanding its green energy business through distributed photovoltaic projects [11][12][18]. - The company has a strong shareholder backing from Foshan Construction Development Group, which has increased its financial support for the company [5][6]. Financial Performance - The company's total assets as of the latest report stand at 64.06 billion, with total debt at 39.04 billion, indicating a high debt-to-asset ratio of approximately 96.10% [6][8]. - The company reported a net profit loss of 0.03 billion in the latest period, continuing a trend of negative net profits over the past few years [6][8]. - Operating cash flow remains negative, with a net outflow of 2.31 billion, reflecting ongoing liquidity challenges [6][8]. Business Segments - The ecological environment business has seen a significant contraction, leading to a decrease in revenue and profit margins, with a reported 30.78% decline in new contract amounts [11][12][18]. - The green energy segment is expected to grow significantly, with anticipated revenue increases from photovoltaic projects, although the overall profitability is pressured by high development costs [12][14][18]. - The cultural tourism segment has benefited from government policies and economic recovery, leading to increased revenue and profit margins [12][18]. Industry Context - The landscaping industry is currently in a phase of intense competition, with many companies facing challenges related to cash flow and project payment delays [11][12]. - The photovoltaic industry is experiencing growth, with China's cumulative installed capacity reaching 890 million kilowatts, positioning it as a global leader in solar energy [12][14]. - The ecological environment sector is under pressure due to reduced market demand and increased competition, necessitating a shift towards more profitable projects and sectors [11][12].

Group 1 - Hengbang Co., Ltd. plans to establish a joint venture with Huasheng Development with a registered capital of 10 million yuan, where Hengbang will contribute 8 million yuan (80%) and Huasheng will contribute 2 million yuan (20%) [1] - Hunan Gold's subsidiary Anhua Zhazi Creek Smelting Plant will undergo temporary maintenance starting from the end of June 2025, expected to last no more than 30 days [2] - Defu Technology's subsidiary signed supply agreements for lithium battery copper foil products with two leading global companies, with contract durations of 3 years and 5 years respectively [3] Group 2 - Binjiang Group won the rights to two residential land parcels for a total price of 4.368 billion yuan [5] - Zhong'an Technology announced the resignation of its executive vice president and board secretary due to personal reasons [7] - Changqing Technology's project for special polymer materials and electronic materials has officially commenced production, adding a capacity of 120,500 tons per year [10] Group 3 - Gansu Energy received approval from the China Securities Regulatory Commission to publicly issue bonds totaling up to 2 billion yuan [10] - Shuoshi Biology obtained a medical device registration certificate for an in vitro diagnostic reagent, valid until June 2030 [12] - Yawen Co., Ltd. plans to issue shares to specific investors, with the application accepted by the Shenzhen Stock Exchange [13] Group 4 - Guoyao Modern's subsidiary received approval for the listing of a raw material drug, which is a selective anticholinergic agent [16] - Inner Mongolia First Machinery's subsidiary signed a railway freight car procurement contract worth 130 million yuan [18] - Xining Special Steel plans to raise up to 1 billion yuan through a private placement to its controlling shareholder [39] Group 5 - Huadong Medicine's subsidiary received approval for a clinical trial of a new injectable drug targeting advanced solid tumors [29] - Warner Pharmaceutical's compound potassium hydrogen phosphate injection passed the consistency evaluation for generic drugs [30] - North Special Technology plans to raise up to 300 million yuan through a private placement for a production base project in Thailand [30] Group 6 - Xiangyang Technology is the first candidate for a 533 million yuan Airbus project [45] - Haishun New Materials intends to acquire 100% of Guangdong Zhengyi Packaging [46] - Jida Zhengyuan's shareholder plans to reduce their stake by up to 0.73% due to personal financial needs [47]

广州山水比德设计股份有限公司监事会 《深圳证券交易所创业板上市公司自律监管指南第 1 号—业务办理》 《广州山水比德设计股份有限公司章程》的有关规定，对 2025 年股票期权激励 计划（以下简称"本激励计划"）有关事项进行核查，发表核查意见如下： 一、公司不存在《上市公司股权激励管理办法》规定的禁止实施股权激励计 划的情形，包括：1、最近一个会计年度财务会计报告被注册会计师出具否定意 见或者无法表示意见的审计报告；2、最近一个会计年度财务报告内部控制被注 册会计师出具否定意见或无法表示意见的审计报告；3、上市后最近 36 个月内出 现过未按法律法规、公司章程、公开承诺进行利润分配的情形；4、法律法规规 定的不得实行股权激励的情形；5、中国证监会认定的其他情形。公司符合实施 本激励计划的主体资格。 二、激励对象符合《公司法》《证券法》《广州山水比德设计股份有限公司 章程》规定的任职资格；符合《深圳证券交易所创业板股票上市规则》规定的激 励对象条件，包括：1、不存在最近 12 个月内被证券交易所认定为不适当人选的 情形；2、不存在最近 12 个月内被中国证监会及其派出机构认定为不适当人选的 情形；3、不存在最近 ...

| 深圳市他山企业管理咨询有限公司 | | | --- | --- | | 关于广州山水比德设计股份有限公司 | | | 独立财务顾问报告 | | | 二〇二五年六月 | | | 深圳市他山企业管理咨询有限公 | | | | 司 | | 独立财务顾问报告 | | | 目 录 （四）关于实施股权激励计划对公司持续经营能力、股东权益影响的核查意见 13 | | | 深圳市他山企业管理咨询有限公司 独立财务顾问报告 | | | 释 义 | | | 除非上下文文意另有所指，下列词语具有如下含义： | | | 山水比德、公司 指 广州山水比德设计股份有限公司 | | | 广州山水比德设计股份有限公司 2025 年股票期权激励计 | | | 本激励计划 指 | | | 划 | | | 《广州山水比德设计股份有限公司 2025 年股票期权激励 | | | 《股权激励计划（草案）》 指 | | | 计划（草案）》 | | | 《深圳市他山企业管理咨询有限公司关于广州山水比德 | | | 独立财务顾问报告、本报告 指 设计股份有限公司 2025 年股票期权激励计划（草案）的 | | | 独立财务顾问报告》 | | | 公司授予 ...