中经记者 庄灵辉 卢志坤 北京报道 以优化资产结构为目的，ST太重（600169.SH）近日再度提出向控股股东方出售资产。根据计划，ST太 重此次拟出售标的为全资子公司山西太重焦化设备有限公司（以下简称"太重焦化公司"）100%股权， 转让价格约为6.18亿元。 《中国经营报》记者注意到，2024年6月及12月，ST太重曾两度向控股股东转让名下资产，转让标的包 括太重（察右中旗）新能源实业有限公司（以下简称"察右中旗公司"）100%股权及风电类公司股权。 在抛出此次股权出售计划前不到两个月，太重焦化公司刚完成资产划转、更名及注册资本变更等系列调 整。 注册资本增至1亿元尚不足一月 根据披露信息，ST太重此次出售太重焦化公司100%股权，拟采用非公开协议方式，交易对方为太原重 型机械集团有限公司（以下简称"太重集团"）。目前，太重集团直接持有ST太重51.40%的股权，为ST 太重的控股股东，因此ST太重本次股权出售构成关联交易。 值得注意的是，抛出此次股权出售计划前不久，ST太重此次出售标的太重焦化公司刚完成了系列调 整。 2025年11月14日更名前，太重焦化公司原名为山西太重检测技术服务有限公司。更早前， ...

ST太重表示，太重焦化公司2025年11月14日完成工商变更后，原有检测业务不再经营，而变更经营范 围后的焦化设备业务板块已连续多年亏损，目前尚无扭亏为盈的相关举措。截至评估基准日，太重焦化 公司资产负债率82.86%。本次交易完成后，公司资产总额、负债总额将有所降低，资产流动性及偿债 能力得到提升，对公司财务状况和经营成果会产生积极影响。 当前焦化行业受钢铁行业疲软影响，盈利空间持续收窄，叠加"双碳"政策导向环保与产能的管控政策， 焦化业务板块营收规模和盈利能力逐年下降。2022—2024年期间，ST太重焦化板块收入平均每年降幅 约70%；毛利率平均每年下降约6个百分点。本次将经营情况疲弱的焦化业务板块剥离后，公司盈利能 力将得到提升。 ST太重（600169）12月5日晚间公告，为进一步优化资产结构，提升资产流动性和偿债能力，更加高效 盘活存量资产，公司拟将全资子公司山西太重焦化设备有限公司(以下简称"太重焦化公司")100%股权， 以非公开协议方式出售给控股股东太重集团，转让价格为6.18亿元。截至本公告披露日，太重集团直接 持有公司51.40%的股权，为公司的控股股东，本次交易构成关联交易。 太重焦化 ...

Core Viewpoint - Taiyuan Heavy Industry has received an administrative penalty notice from the Shanxi Securities Regulatory Bureau, leading to a risk warning for its stock, which will be renamed to "ST Tai Heavy" starting November 4, 2023 [1] Group 1: Company Overview - Taiyuan Heavy Industry, established in 1998, is a key state-owned enterprise in China, originally founded as the Taiyuan Heavy Machinery Plant in 1950, and is recognized as the first heavy machinery manufacturing enterprise designed and built independently in New China [2] - The company specializes in various equipment including rail transit, mining, lifting, rolling, coking, engineering machinery, gear transmission, and casting, serving industries such as metallurgy, mining, energy, transportation, aerospace, and environmental protection [2] - Since 2020, the company has undergone significant management changes and has initiated a strategy to divest underperforming assets and transform its operations, aiming for survival, recovery, and rebirth within five years [2] Group 2: Financial Performance - In the third quarter of 2025, Taiyuan Heavy Industry reported a revenue of 7.028 billion yuan, a year-on-year increase of 9.98%, driven by growth in bulk product sales and improved gross margins [3] - Research and development expenses rose by 26.4% to 357 million yuan, indicating ongoing investment in technology upgrades and product optimization [3] - The net profit attributable to shareholders reached 85.0635 million yuan, a year-on-year increase of 21.80%, while total profit grew by 4.83% to 199 million yuan [3] - The net cash flow from operating activities was 534 million yuan, up 34.41%, reflecting improved management of accounts receivable and sales collection efficiency [3] Group 3: Industry Outlook - The heavy machinery sector is recognized as a strategic emerging industry in China, with national policies promoting equipment upgrades and green transformation, leading to an expected steady improvement in industry capacity and market structure [4] - The company is focused on new industrialization, deepening state-owned enterprise reforms, and enhancing competitive advantages, with a development direction centered on precision, internationalization, high-end, and intelligence [4] - The product positioning emphasizes high-end, intelligent, green, and domestically produced equipment, with a commitment to four major transformations: technological innovation, production organization, product form, and business model [4]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated investigations into multiple listed companies, including *ST Mubang, *ST Wanfang, Ruibeka, and Taiyuan Heavy Industry, for violations related to financial data misrepresentation and information disclosure [1][5]. Group 1: Company Investigations - *ST Mubang is under investigation for suspected false disclosures in its annual reports and other periodic financial statements [1][3]. - Taiyuan Heavy Industry and Ruibeka are also being investigated for information disclosure violations, having previously received warnings from regulatory authorities [1][5]. - The investigations reflect a "zero tolerance" approach by regulatory bodies towards financial fraud, emphasizing the ongoing development of legal frameworks in the securities market [1]. Group 2: Financial Performance and Violations - *ST Mubang, which transitioned from a toy business to solar energy production, reported a net loss of 1.16 billion yuan for 2024, attributing this to overcapacity and intense competition in the solar industry [3][4]. - The company has been found to have committed four major violations, including inaccurate financial information and improper use of raised funds, leading to corrective measures from the Jiangxi Securities Regulatory Bureau [4]. - Taiyuan Heavy Industry has experienced significant fluctuations in its net profit from 2022 to 2024, with figures of 88.92 million yuan, -16.64 million yuan, and 28.02 million yuan respectively [6][7]. - Ruibeka reported a net loss of 118 million yuan in 2024, marking its first loss since going public, and has been cited for multiple disclosure issues by the Henan Securities Regulatory Bureau [7]. - *ST Wanfang's financial indicators have triggered delisting risk warnings, with a net profit of 10.65 million yuan for 2024 and a negative net profit of -460.13 million yuan after excluding non-recurring items [8].