Core Viewpoint - The acquisition plan by Baicheng Co., Ltd. (601133) to purchase 55% of Shanghai Canxi Engineering Equipment Co., Ltd. has been terminated due to failure to reach agreement on key terms, leading to the end of the deal just 10 days after its announcement [1][5]. Group 1: Acquisition Details - Baicheng Co. announced the termination of the acquisition plan on October 10, 2023, which had been under consideration since September 30, 2023 [1]. - The company had previously signed an investment cooperation framework agreement with the sellers, which included specific pricing based on a report from a qualified assessment agency [5]. - The termination of the acquisition is stated not to adversely affect the company's business operations, financial status, or shareholder interests [5][6]. Group 2: Financial Performance - Baicheng Co. has experienced a decline in net profit, with a year-on-year decrease of 14.7% in 2023, followed by a further decline of 0.8% in 2024, and a continuation of this trend in the first half of 2025 [6][8]. - The company's revenue for the first half of 2025 was reported at 2.424 billion yuan, a decrease of 3.14% year-on-year, with a net profit attributable to shareholders of 83.4953 million yuan, reflecting a decline of 16.1% [8]. - The primary reason for the profit decline is attributed to an increase in bad debt provisions for contract assets, with asset impairment losses reaching 50.8 million yuan, a significant increase of 55% compared to the same period last year [8].

Core Viewpoint - The company announced the termination of its plan to acquire a 55% stake in Shanghai CanShih Engineering Equipment Co., Ltd., and its stock will resume trading on October 13, 2025 [1][2]. Group 1: Transaction Details - On September 29, 2025, the company signed a framework agreement to acquire the stake in Shanghai CanShih, intending to issue shares and pay cash [1]. - The company applied for a trading suspension starting September 30, 2025, with a pre-suspension stock price of 13.38 yuan per share, valuing the company at 7.065 billion yuan [1]. - The termination was due to the inability to reach consensus on key terms of the transaction, despite ongoing discussions [2]. Group 2: Company Background - Founded in 1994 and headquartered in Wuxi, Jiangsu Province, the company specializes in cleanroom system integration solutions for high-tech industries [2]. - The company serves key national industries, including semiconductors, life sciences, and new energy, and is one of the few providers capable of handling mainstream projects across multiple sectors [2]. Group 3: Financial Performance - For the first half of the year, the company reported revenue of 2.424 billion yuan, a decrease of 3.14% year-on-year [3]. - As of June 30, 2025, the company had an order backlog of 1.747 billion yuan (excluding tax) [3]. - The net profit attributable to shareholders was 83.4953 million yuan, reflecting a year-on-year decline of 16.10% [3].

Core Viewpoint - Bocheung Co., Ltd. plans to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds through share issuance [2]. Group 1: Acquisition Details - The acquisition involves signing an investment cooperation framework agreement with several parties, including Zhou Huajie, Tai Qing, Bai Lingyun, and Canxi Technology Development (Shanghai) Partnership [2]. - The pricing of the transaction will be based on a report from a qualified assessment agency and will be determined through negotiation among the parties involved [2]. - The transaction is not expected to constitute a major asset restructuring as defined by relevant regulations, nor will it lead to a change in the actual controller of the company [2]. Group 2: Company Background - Bocheung Co., Ltd. was founded in 1994 and specializes in providing integrated cleanroom system solutions for high-tech industries, covering sectors such as semiconductors, new displays, life sciences, and health [3]. - The company is one of the few domestic providers capable of undertaking mainstream projects across multiple industries [3]. - Bocheung Co., Ltd. was listed on the Shanghai Stock Exchange on April 10, 2023, but its performance post-listing has been underwhelming, with net profits declining in 2023 and continuing to decrease in 2024 and the first half of 2025 [3]. Group 3: Financial Performance - As of June 30, 2025, Bocheung Co., Ltd. reported total revenue of 2.424 billion yuan, a gross profit of 245.8 million yuan, and a net profit attributable to shareholders of 83.5 million yuan [4]. - Year-on-year revenue growth was -3.14%, with a gross profit margin decline of -16.10% [4]. - The company's market capitalization was 7.065 billion yuan as of September 29, 2025 [4].

Core Viewpoint - 柏诚股份 is planning to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through a combination of share issuance and cash payment, with the stock suspension expected to last no more than five trading days [1] Group 1: Company Overview - 柏诚股份, founded in 1994, specializes in providing integrated cleanroom system solutions for high-tech industries, covering sectors such as semiconductors, new displays, life sciences, and renewable energy [2] - Shanghai Canxi, established in 2012, focuses on manufacturing specialized equipment for the high-end biopharmaceutical industry, offering solutions for monoclonal antibodies, blood products, vaccines, and more [2] Group 2: Financial and Operational Updates - 柏诚股份 has received a bid notification confirming it as the winning bidder for a cleanroom-related project, with a contract value of 325 million yuan (including tax) [2] - The company remains optimistic about the long-term growth potential of the high-tech industry and is actively expanding into data centers and modular business areas while maintaining its operational targets for 2025 [3]

Company Overview - Bosheng Co., Ltd. reported a stock price of 13.40 yuan on August 25, down 0.20 yuan or 1.47% from the previous trading day [1] - The company operates in the engineering construction sector, providing cleanroom system integration solutions primarily for high-tech industries, including semiconductors, new displays, and life sciences [1] Financial Performance - For the first half of 2025, Bosheng Co., Ltd. achieved a revenue of 2.424 billion yuan, a year-on-year decrease of 3.14% [1] - The net profit attributable to shareholders was 83.4953 million yuan, reflecting a year-on-year decline of 16.10% [1] - The company plans to distribute a cash dividend of 0.5 yuan for every 10 shares to all shareholders [1] Market Activity - On August 25, the net outflow of main funds was 16.0184 million yuan, accounting for 0.8% of the circulating market value [1] - Over the past five days, the cumulative net outflow of main funds reached 9.7047 million yuan, representing 0.48% of the circulating market value [1] Upcoming Events - Bosheng Co., Ltd. will hold its fourth extraordinary general meeting of 2025 on September 11 to discuss proposals for expanding its business scope [1]

Core Viewpoint - The signing of a significant contract worth approximately 1.101 billion yuan is expected to positively impact the operational performance of Shenghui Integration [1][2]. Group 1: Contract Details - Shenghui Integration has signed a contract for a clean mechanical and electrical engineering project with a total amount of approximately 1.101 billion yuan (including tax) [1]. - The contract is a joint undertaking with China State Construction Third Engineering Division [2]. - The contract is expected to contribute positively to the company's business development and performance, with the contract amount exceeding 50% of the projected revenue for 2024 [2]. Group 2: Financial Performance - Shenghui Integration's projected revenue for 2024 is 2.008 billion yuan, with the clean engineering contract amounting to over 50% of this figure [2]. - The company has shown steady growth in revenue from 1.096 billion yuan in 2020 to 2.008 billion yuan in 2024 [3]. - In the first quarter of this year, the company achieved revenue and net profit attributable to shareholders of 575 million yuan and 28.95 million yuan, respectively, reflecting year-on-year growth of 62.74% and 62.59% [3]. Group 3: Business Overview - Shenghui Integration, established in September 2003, specializes in providing integrated cleanroom system solutions for high-tech industries [2]. - The company has a diverse portfolio, covering sectors such as semiconductors, precision manufacturing, optoelectronics, and more [2]. - The core area of revenue generation is the IC semiconductor industry, contributing 1.194 billion yuan, which accounts for 59.46% of total revenue in 2024 [2]. Group 4: Global Strategy and Market Presence - The company has established a global presence, collaborating with over a hundred well-known enterprises and implementing more than 450 cleanroom projects [3]. - Revenue from domestic and international markets for 2024 is projected at 1.328 billion yuan and 677 million yuan, respectively, representing 66.13% and 33.73% of total revenue [3]. - The international revenue primarily comes from markets in Vietnam and Thailand [3]. Group 5: Financial Health - As of the end of March this year, the company has a debt-to-asset ratio of 44.52% and cash reserves of 566 million yuan [4]. - The company also holds 80 million yuan in financial assets and has total interest-bearing liabilities of 93.25 million yuan [4]. - The financial expenses for the first quarter were recorded at -7.3725 million yuan, indicating a strong cash flow position [4].

招股说明书 柏诚系统科技股份有限公司 BOTH ENGINEERING TECHNOLOGY CO.,LTD. （无锡市隐秀路 800-2101） 首次公开发行股票并在主板上市 招股说明书 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 1-1-1 招股说明书 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-2 招股说明书 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | | | | --- | --- | --- | --- | --- | | 发行股数 | 本次发行股票的数量为 13,000.00 万股，占本次发行后总股本比 | ...

招股意向书 柏诚系统科技股份有限公司 BOTH ENGINEERING TECHNOLOGY CO.,LTD. （无锡市隐秀路 800-2101） 首次公开发行股票并在主板上市 招股意向书 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 1-1-1 招股意向书 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-2 招股意向书 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | | | | --- | --- | --- | --- | --- | | 发行股数 | 本次发行股票的数量为 13,000.00 万股，占本次发行后总股本比 | ...

招股说明书（注册稿） 柏诚系统科技股份有限公司 BOTH ENGINEERING TECHNOLOGY CO.,LTD. （无锡市隐秀路 800-2101） 首次公开发行股票并在主板上市 招股说明书 （注册稿） 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 1-1-1 招股说明书（注册稿） 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-2 招股说明书（注册稿） 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数 | 本次发行股票的数量为不超过 13,083.3333 万股，占本次发行后 总股本 ...

招股说明书（上会稿） 柏诚系统科技股份有限公司 BOTH ENGINEERING TECHNOLOGY CO.,LTD. （无锡市隐秀路 800-2101） 首次公开发行股票并在主板上市 招股说明书 （上会稿） 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 1-1-1 招股说明书（上会稿） 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-2 招股说明书（上会稿） 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数 | 本次发行股票的数量为不超过 13,083.3333 万股，占本次发行后 总股本 ...