截至9月30日，隆华科技股东户数4.70万，较上期增加11.74%；人均流通股20766股，较上期增加 3.32%。2025年1月-9月，隆华科技实现营业收入23.26亿元，同比增长20.49%；归母净利润1.80亿元，同 比增长16.64%。 分红方面，隆华科技A股上市后累计派现3.15亿元。近三年，累计派现9808.55万元。 11月27日，隆华科技盘中上涨2.02%，截至10:08，报8.09元/股，成交4963.83万元，换手率0.64%，总市 值83.73亿元。 资金流向方面，主力资金净流入222.06万元，特大单买入848.68万元，占比17.10%，卖出301.85万元， 占比6.08%；大单买入1045.55万元，占比21.06%，卖出1370.32万元，占比27.61%。 隆华科技今年以来股价涨11.57%，近5个交易日跌3.80%，近20日跌3.00%，近60日跌6.80%。 资料显示，隆华科技集团(洛阳)股份有限公司位于河南省洛阳市洛龙区开元大道288号会展国际13-13A 层，成立日期1995年7月5日，上市日期2011年9月16日，公司主营业务涉及电子新材料业务、高分子复 合材料业务 ...

截至9月30日，隆华科技股东户数4.70万，较上期增加11.74%；人均流通股20766股，较上期增加 3.32%。2025年1月-9月，隆华科技实现营业收入23.26亿元，同比增长20.49%；归母净利润1.80亿元，同 比增长16.64%。 11月24日，隆华科技盘中上涨2.04%，截至13:16，报8.02元/股，成交1.66亿元，换手率2.16%，总市值 83.01亿元。 资金流向方面，主力资金净流入1557.62万元，特大单买入716.30万元，占比4.30%，卖出641.66万元， 占比3.86%；大单买入4084.18万元，占比24.54%，卖出2601.20万元，占比15.63%。 隆华科技今年以来股价涨10.61%，近5个交易日跌10.59%，近20日跌6.74%，近60日跌7.82%。 资料显示，隆华科技集团(洛阳)股份有限公司位于河南省洛阳市洛龙区开元大道288号会展国际13-13A 层，成立日期1995年7月5日，上市日期2011年9月16日，公司主营业务涉及电子新材料业务、高分子复 合材料业务、节能环保业务。主营业务收入构成为：节能换热装备业务35.87%，靶材及超高温特种材 料业务 ...

Core Viewpoint - The company Deguote (300950.SZ) announced the termination of its major asset restructuring plan to acquire 100% equity of Haowei Cloud Computing Technology Co., Ltd. due to the inability to reach a consensus on key commercial terms within the effective time window [1][2] Group 1: Acquisition Details - The acquisition was initiated on June 29, 2025, with plans to pay 70% in shares and 30% in cash, along with raising supporting funds [2] - The strategic rationale for the acquisition was to enhance Deguote's competitive edge in the digitalization field, as the company faced challenges in its core business due to market limitations and increased competition [2] - The acquisition was referred to as a "snake swallowing an elephant" due to the significant size difference between the two companies [3] Group 2: Company Profiles - Deguote, established in 2004, is a high-tech enterprise focused on energy-saving and environmental protection equipment manufacturing, with a revenue of just over 500 million yuan in 2024 [4] - In contrast, Haowei Technology, a software and IT service provider, reported revenues exceeding 3.6 billion yuan, making it approximately seven times larger than Deguote [4] - Haowei Technology has a more international presence, with subsidiaries in 20 countries and recognized as a global benchmark supplier in various sectors by Gartner [4] Group 3: Shareholding Structure - Haowei Technology has a dispersed shareholding structure with no controlling shareholder, comprising 14 shareholders, with the top three holding approximately 69.3% of the shares [5] - The largest shareholders include Nanjing Xiruang Enterprise Management Partnership (27.83%), ZTE Corporation (27.62%), and Nanjing Jiayuteng Enterprise Management Partnership (13.85%) [5] Group 4: Financial Performance - Deguote's financial performance has been declining, with a 9.29% year-on-year decrease in total revenue for the first three quarters of 2025, and a 26.39% drop in net profit [6] - Despite the decline in revenue and profit, the company reported a significant increase of 1447.22% in net cash flow from operating activities [6] - The company has committed not to plan any major asset restructuring for at least one month following the termination announcement [6]

Core Viewpoint - The company intends to terminate the major asset restructuring transaction to acquire 100% equity of Haowei Technology due to the inability to reach an agreement on key terms with the transaction parties [1][2]. Group 1: Transaction Details - The company planned to acquire Haowei Technology through a combination of issuing shares and cash payments, along with raising supporting funds [1][2]. - Despite multiple negotiations, the company could not agree on the transaction price and other core terms with the transaction parties [1][2]. - The termination of the transaction will not adversely affect the company's normal business operations or harm the interests of shareholders, particularly minority shareholders [2]. Group 2: Financial Comparison - In 2024, the company's revenue was just over 500 million, while Haowei Technology's revenue exceeded 3.6 billion [3]. - As of March 31 of this year, the company's total assets were 1.156 billion, with equity of 765 million, compared to Haowei Technology's total assets of 5.617 billion and equity of 2.954 billion, indicating a significant disparity between the two companies [3]. Group 3: Company Profiles - The company is a high-tech energy-saving and environmental protection equipment manufacturer, providing solutions in clean combustion and heat energy saving across various sectors [3]. - Haowei Technology is an international software and information technology service provider, offering digital and intelligent solutions to global telecom operators and enterprise clients [3].

Core Viewpoint - The company Qingdao Deguote Energy Equipment Co., Ltd. has announced the termination of its plan to acquire 100% equity of Haowei Cloud Computing Technology Co., Ltd. due to a lack of consensus on transaction terms among parties involved [1][2]. Group 1: Company Overview - Deguote is recognized as a "hidden leader" in the carbon black equipment manufacturing industry, focusing on four major sectors: energy efficiency, advanced environmental protection, resource recycling, and customized equipment [2]. - The company has three main product lines: energy-saving heat exchange equipment, powder equipment, and specialized customized equipment [2]. Group 2: Financial Performance - In Q3 2025, Deguote achieved a total operating revenue of 132 million yuan, a quarter-on-quarter increase of 4.94%, and a net profit attributable to shareholders of 23.23 million yuan [2]. - The net cash flow from operating activities for the first three quarters reached 60.55 million yuan, a significant year-on-year increase of 1447.22% [2]. - Total assets amounted to 1.238 billion yuan, reflecting a growth of 10.09% compared to the end of 2024 [2]. Group 3: Market Position and Strategy - Deguote holds a strong market share both domestically and internationally, maintaining a high gross profit margin due to its ongoing internationalization strategy [2]. - The company has established a global sales network and accumulated a substantial number of high-quality overseas clients [2]. - The termination of the acquisition is viewed as a proactive decision, indicating the company's commitment to exploring new development paths through capital operations [2][3]. Group 4: Industry Context - The termination of mergers and acquisitions is not uncommon in the capital market, with 48 announced terminations in the A-share market this year, reflecting a rational assessment of merger quality [3]. - Deguote's improved revenue and cash flow, along with steady asset expansion, demonstrate enhanced operational quality and resource readiness for future business development [3].

Group 1 - The core point of the article is that Degute is progressing with its acquisition of Haowei Cloud Computing Technology Co., Ltd., and has not identified any significant issues that could halt or alter the transaction [1] - Degute plans to acquire 100% equity of Haowei Technology through a combination of issuing shares and cash payments, while also raising supporting funds [1] - The acquisition is characterized as a "snake swallowing an elephant" due to the significant disparity in asset and revenue sizes between Degute and Haowei Technology [2] Group 2 - In the first half of this year, Degute reported revenue of 250 million yuan, a decrease of 8.66% year-on-year, and a net profit attributable to shareholders of 49.03 million yuan, down 28.23% year-on-year [3] - From 2022 to 2024, Degute's revenue figures were 324 million yuan, 310 million yuan, and 509 million yuan, with year-on-year changes of 9.84%, -4.19%, and 64.21% respectively [4] - The net profit attributable to shareholders for the same period was 65.58 million yuan, 38.66 million yuan, and 96.72 million yuan, with year-on-year changes of 52.85%, -41.04%, and 150.15% respectively [5] Group 3 - The industry is facing increasing competition, and traditional growth models are under pressure, prompting Degute to seek new breakthroughs, with the acquisition of Haowei Technology seen as a key strategy [6]

Core Viewpoint - The company, 德固特, is experiencing a slight increase in stock price and has a market capitalization of 4.728 billion yuan, with a focus on energy-saving and environmental protection equipment [1]. Group 1: Company Overview - 德固特 is located in Qingdao, Shandong Province, and was established on April 5, 2004, with its stock listed on March 3, 2021 [9]. - The company's main business involves the design, manufacturing, and sales of energy-saving and environmental protection equipment, with revenue composition as follows: 76.84% from energy-saving heat exchange equipment, 8.40% from equipment maintenance and modification, 5.27% from powder and other environmental protection equipment, 4.44% from equipment parts, 4.27% from specialized custom equipment, and 0.78% from other sources [10]. Group 2: Financial Performance - For the first half of 2025, 德固特 reported revenue of 250 million yuan, a year-on-year decrease of 8.66%, and a net profit attributable to shareholders of 49.03 million yuan, down 28.23% year-on-year [10]. - The company has distributed a total of 87.668 million yuan in dividends since its A-share listing, with 67.668 million yuan distributed over the past three years [11]. Group 3: Market Position and Recognition - 德固特 has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises in China, indicating its strong market position and innovation capabilities [2]. - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 59.28% of total revenue [4]. Group 4: Technological Innovations - The company has developed a high-temperature air preheater for gasification, which utilizes heat energy released during the cooling of high-temperature gas to significantly increase production and reduce fuel consumption, achieving a 30% increase in raw material input and a 9.3%-13.2% reduction in fuel usage [4]. - 德固特 has previously produced containers for storing spent fuel rods from the Fukushima nuclear power plant, showcasing its capabilities in the nuclear energy sector [5].

Group 1 - The core point of the news is that Longhua Technology's stock price increased by 5.15% to 8.57 CNY per share, with a trading volume of 213 million CNY and a turnover rate of 2.62%, resulting in a total market capitalization of 8.87 billion CNY [1] - Longhua Technology Group, established on July 5, 1995, and listed on September 16, 2011, is located in Luoyang, Henan Province. The company specializes in electronic new materials, polymer composite materials, and energy-saving environmental protection [1] - The main business revenue composition includes: energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), environmental water treatment product sales (13.49%), foam products and structural components (9.44%), extractants (8.76%), rail transit products (3.05%), sewage treatment (1.04%), others (0.89%), and environmental water treatment engineering contracting (0.55%) [1] Group 2 - From the perspective of major fund holdings, one fund under Jiao Yin Schroder holds Longhua Technology as a significant investment. The Jiao Yin CSI Environmental Governance Index (LOF) A (164908) held 418,500 shares in the second quarter, accounting for 2.09% of the fund's net value, ranking as the fourth-largest holding [2] - The Jiao Yin CSI Environmental Governance Index (LOF) A (164908) was established on July 19, 2016, with a current scale of 131 million CNY. Year-to-date returns are 17.26%, ranking 2793 out of 4220 in its category; the one-year return is 53.88%, ranking 1836 out of 3814; and since inception, it has a loss of 51.56% [2] - The fund manager of Jiao Yin CSI Environmental Governance Index (LOF) A (164908) is Shao Wenting, who has been in the position for 4 years and 149 days. The total asset scale is 12.623 billion CNY, with the best fund return during the tenure being 52.92% and the worst being -25.45% [3]

Group 1 - The core viewpoint of the news is that Longhua Technology's stock has shown fluctuations in price and trading volume, with a recent increase of 2.09% and a total market value of 8.32 yuan per share, amounting to 8.611 billion yuan [1] - As of June 30, 2025, Longhua Technology reported a revenue of 1.515 billion yuan, representing a year-on-year growth of 23.95%, and a net profit attributable to shareholders of 112 million yuan, with a growth of 5.83% [2] - The company has a diverse revenue structure, with the main business segments including energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), and environmental water treatment products (13.49%) [1] Group 2 - Longhua Technology has distributed a total of 315 million yuan in dividends since its A-share listing, with 98.085 million yuan distributed in the last three years [3] - The number of shareholders as of June 30, 2025, is 42,000, a decrease of 6.02% from the previous period, while the average circulating shares per person increased by 16.38% to 20,099 shares [2] - The company is categorized under the mechanical equipment industry, specifically in general equipment and other general equipment, with involvement in sectors such as large aircraft, military-civilian integration, drones, and aerospace military industry [2]

Company Overview - Longhua Technology Group (Luoyang) Co., Ltd. is located in Luoyang, Henan Province, and was established on July 5, 1995. The company was listed on September 16, 2011. Its main business includes electronic new materials, polymer composite materials, and energy-saving environmental protection [1][2]. Financial Performance - For the first half of 2025, Longhua Technology achieved operating revenue of 1.515 billion yuan, representing a year-on-year growth of 23.95%. The net profit attributable to the parent company was 112 million yuan, with a year-on-year increase of 5.83% [2]. - As of June 30, 2025, the company has distributed a total of 315 million yuan in dividends since its A-share listing, with 98.085 million yuan distributed over the past three years [3]. Stock Performance - As of September 11, Longhua Technology's stock price increased by 2.38%, reaching 8.62 yuan per share, with a total market capitalization of 8.922 billion yuan. The stock has risen 18.88% year-to-date and 21.07% over the past 60 days [1]. - The stock has seen a net inflow of main funds amounting to 18.2029 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Longhua Technology was 42,000, a decrease of 6.02% from the previous period. The average number of circulating shares per person increased by 16.38% to 20,099 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.3303 million shares, a decrease of 517,100 shares from the previous period [3]. Business Segments - The company's main business revenue composition includes: energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), environmental water treatment products (13.49%), foam products and structural components (9.44%), extractants (8.76%), rail transit products (3.05%), sewage treatment (1.04%), and other segments (0.89%) [1]. Industry Classification - Longhua Technology is classified under the machinery equipment sector, specifically in general equipment and other general equipment categories. The company is associated with concepts such as large aircraft, QLED, military-civilian integration, drones, and foldable screens [2].