AI制图 实际控制人变更 具体来看，无锡核芯听涛科技合伙企业（有限合伙）（下称"核芯听涛"）与控股股东及实际控制人夏继发、夏泽民，江 阴澄联双盈投资合伙企业（有限合伙）（下称"澄联双盈"）与夏继发分别签署《关于江苏长龄液压股份有限公司之股份转让 协议》，夏继发、夏泽民拟将其持有长龄液压合计43211714股无限售条件流通股份协议转让给核芯听涛、澄联双盈，占长龄 液压股份总数的29.99%。股份转让的交易总价款为14.86亿元，每股转让价格为34.39元。 7月10日晚间，江苏长龄液压股份有限公司（下称"长龄液压"，605389.SH)公布了控制权变更的最新进展。 公告显示，胡康桥及其一致行动人拟通过本次权益变动收购长龄液压29.99%股份，并在完成本次权益变动后，拟进一步 部分要约收购增持上市公司12.00%的股份，进而取得上市公司控制权。 7月11日，长龄液压复牌涨停，收盘价为42.03元/股。而在7月4日停牌前，公司股价连续两日跌停。 对于本次交易，公告指出，基于对上市公司未来发展的信心，并利用相关运营管理经验以及产业资源优势，助力上市公 司发展，核芯听涛方拟通过本次权益变动收购长龄液压29.99%股份， ...

星标 ★ IPO日报 精彩文章第一时间推送 7月10日晚间，江苏长龄液压股份有限公司（下称"长龄液压"，605389.SH)公布了控制权变更的最新 进展。 公告显示，胡康桥及其一致行动人拟通过本次权益变动收购长龄液压29.99%股份，并在完成本次权益 变动后，拟进一步部分要约收购增持上市公司12.00%的股份，进而取得上市公司控制权。 7月11日，长龄液压复牌涨停，收盘价为42.03元/股。而在7月4日停牌前，公司股价连续两日跌停。 AI制图 根据要约收购报告书，要约收购价格为36.24元/股，核芯破浪需支付的收购价款为6.27亿元。 对于本次交易，公告指出，基于对上市公司未来发展的信心，并利用相关运营管理经验以及产业资源优 势，助力上市公司发展， 核芯听涛方拟通过本次权益变动收购长龄液压29.99%股份，并在完成本次权 益变动后，一致行动人拟进一步部分要约收购增持上市公司12.00%的股份，进而取得上市公司控制 权。 股权结构显示，核芯听涛、核芯破浪的执行事务合伙人均为胡康桥，胡康桥为核芯听涛、核芯破浪的实 际控制人。胡康桥、澄联双盈、核芯听涛、核芯破浪签署了《一致行动协议》，为一致行动人。 资料显示，胡康 ...

长龄液压晚间公告，根据2025年7月10日，核芯听涛与夏继发、夏泽民，澄联双盈与夏继发分别签署的 《股份转让协议》，核芯听涛、澄联双盈拟协议收购夏继发、夏泽民持有的长龄液压43,211,714股股份，占长 龄液压股份总数的29.99%。 核芯破浪向除收购人及其一致行动人以外的长龄液压全体股东发出的部分要约，预定要约收购股份数量 为17,290,448 股股份（占上市公司股份比例为12.00%），要约收购价格为36.24元/股。本次要约收购以核芯 听涛、澄联双盈拟协议收购夏继发、夏泽民持有的长龄液压43,211,714股股份为前提。本次要约收购所需资金 总额预计不超过626,605,835.52元。 本次要约收购完成后，收购人核芯破浪及其一致行动人最多合计持有长龄液压60,502,162股股份，占上市公 司股份总数的41.99%。上市公司的实际控制人将变更为 胡康桥 。 经公司向上海证券交易所申请，公司股票将于2025年7月11日（星期五）开市起复牌。 专业工程机械用液压关键零部件 江苏长龄液压股份有限公司（长龄液压）成立于2006年12月，于2021年3月22日在上交所上市，股票代 码605389，是一家拥有 ...

Core Viewpoint - The actual controllers of Changling Hydraulic, Xia Jifa and Xia Zemin, are planning to transfer the company's control for the second time within six months due to poor business performance and declining profits [1][4][6]. Group 1: Control Transfer Plans - On July 3, Changling Hydraulic announced that its actual controllers are planning a significant matter that may lead to a change in control, resulting in a stock suspension starting July 4 [2][3]. - This is the second time this year that the company has planned a control transfer, with the first attempt in January ending in failure due to disagreements on core terms with the potential buyer [4][5]. - If the current control transfer is completed, it is expected that nearly 30% of the shares will be transferred, potentially allowing the controllers to cash out approximately 1.6 billion yuan based on the last trading price of 38.21 yuan per share [5]. Group 2: Business Performance - Since its listing in 2021, Changling Hydraulic has experienced a decline in both revenue and net profit, with net profit decreasing for four consecutive years from 2021 to 2024 [6][7]. - The company's revenue figures from 2021 to 2024 show slight fluctuations, with net profits dropping significantly: 2.02 billion yuan in 2021 to 0.95 billion yuan in 2024, reflecting a decline of 14.56% to 6.84% year-on-year [7]. - In the first quarter of 2023, the company reported a revenue of 2.19 billion yuan and a net profit of 0.31 billion yuan, both showing year-on-year declines [7]. Group 3: Acquisition Attempts - In 2023, Changling Hydraulic attempted to diversify into the photovoltaic sector by acquiring a 70% stake in Jiangyin Shangchi Machinery for 336 million yuan, but the acquisition has not yielded significant results [8][9]. - The acquired company, Jiangyin Shangchi, had previously achieved notable revenue and profit figures, but Changling Hydraulic's performance post-acquisition has been disappointing, with the acquired entity failing to meet its profit commitments in 2024 [10]. Group 4: Financial Health - The company's accounts receivable have increased, reaching 409 million yuan by the end of the first quarter of this year, a year-on-year increase of 22.09%, while revenue has been declining [11].

Core Viewpoint - The company, Changling Hydraulic, is undergoing a potential change in control, leading to a suspension of its stock trading for an estimated period of no more than three trading days [2]. Group 1: Stock Suspension and Control Change - Changling Hydraulic announced that its stock will continue to be suspended from trading starting July 8, due to ongoing discussions regarding a significant matter that may result in a change of control [2]. - The company's major shareholders, Xia Jifa and Xia Zemin, are currently negotiating key terms of the transaction with the involved parties, which requires internal approval processes [2]. Group 2: Historical Context and Previous Suspensions - The company was listed on the Shanghai Stock Exchange on March 22, 2021, with a three-year lock-up period for its controlling shareholders, which will expire on March 22, 2024 [3]. - In January 2023, the company also suspended trading due to a similar situation regarding a potential change in control, which was later terminated due to disagreements on core terms with the transaction party [3]. Group 3: Financial Performance - For the year 2024, Changling Hydraulic reported a revenue of 883 million yuan, representing a year-on-year increase of 9.75%, while the net profit attributable to shareholders decreased by 6.84% to approximately 94.73 million yuan [4]. - This marks the fourth consecutive year of declining net profit since the company went public, contrasting with a steady increase in net profit from 2017 to 2020 [4].

【导读】实控人筹划控制权变更，长龄液压股票停牌 中国基金报记者 李智 7月3日，长龄液压（股票代码：605389）发布公告称，公司控股股东、实际控制人正在筹划重大事项，该事项可能导致公司控制权发生变更。 值得一提的是，长龄液压于2023年度完成收购江阴尚驰，切入光伏行业。 长龄液压彼时表示，标的公司江阴尚驰积累了丰富的研发经验与多样化的产品规格，可以为客户量身定制产品方案，满足不同客户不同形式的设计需求。 交易完成后，公司在原有产品的基础上将借助标的公司的生产能力进一步扩大光伏回转减速器、工程机械回转减速器等产品的研发、生产及销售。 同时，江阴尚驰原股东许建沪、尚拓合伙承诺江阴尚驰2023年度、2024年度、2025年度扣除非经常性损益后归属于母公司股东的净利润分别不低于 4769.19万元、4908.15万元、5505.22万元。 不过，此次收购对于长龄液压而言收效甚微。2024年，长龄液压只增收不增利，归母净利润同比下降6.84%。今年一季度，长龄液压营收、净利润同比双 双下滑，且应收账款体量较大，达4.09亿元。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | ...

【导读】实控人筹划控制权变更，长龄液压股票停牌 中国基金报记者 李智 7 月 3 日， 长龄液压（股票代码：605389） 发布公告称，公司控股股东、实际控制人正在 筹划重大事项，该事项可能导致公司控制权发生变更。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 605389 | 长龄液压 | A 股 停牌 | 2025/7/4 | | | | 鉴于该事项正在洽谈中，尚存不确定性，为避免造成公司股价异常波动，经申请，长龄液压 股票将于 7 月 4 日（星期五）上午开市起停牌 ，预计停牌时间不超过 2 个交易日。 截至今年一季度末，夏继发的持股数量为 5880 万股，占总股本的 40.81% ；夏泽民的持股 数量为 3920 万股，占总股本的 27.21% 。 | 房号 | 股东名称 | | 持股数量(股) | 占总股本比例(%) | 期末参考市值(亿元) | 持有限售股数量(股)方向(2 | | --- | --- | --- | --- | --- | -- ...