转自：山东财经报道 文｜经济导报 徐松丽 1月4日下午，圣阳股份（002580.SZ）公告称，拟以自有资金7447.08万元收购深圳达人高科电子有限公司（下称"达人高科"）51%股权。交易完成后，达 人高科将成为公司控股子公司，并纳入公司合并报表范围。 达人高科成立于2011年6月，位于深圳市龙华区，注册资本为1000万元，法定代表人为蒋忠伟。 资料显示，达人高科是专业从事锂电池管理系统（BMS）产品研发、设计、生产及销售的国家级高新技术企业、国家级专精特新"小巨人"企业，其核心产 品BMS作为保障锂电池安全运行的关键配套部件，广泛应用于新能源储能、通信基站储能等储能场景，以及智能穿戴、手机、笔记本电脑、电动工具、 扫地机、吸尘器等消费电子领域。 财务数据方面，2024年达人高科营业收入为2.39亿元，净利润为2270.46万元；2025年1—5月，公司营业收入为1.04亿元，净利润为830.74万元；截至2025 年5月31日，公司资产总额为2.42亿元，净资产为7310.70万元，经营活动产生的现金流量净额为1130.97万元。 股权结构方面，蒋忠伟、蒋忠伟妻子王容、郝现柱、熊靖分别持有达人高科75%、1 ...

1月4日下午，圣阳股份（002580.SZ）公告称，拟以自有资金7447.08万元收购深圳达人高科电子有限公司（下称"达人高科"）51%股权。交易完成后，达 人高科将成为公司控股子公司，并纳入公司合并报表范围。 达人高科成立于2011年6月，注册资本为1000万元，法定代表人为蒋忠伟，住所位于深圳市龙华区。 资料显示，达人高科是专业从事锂电池管理系统（BMS）产品研发、设计、生产及销售的国家级高新技术企业、国家级专精特新"小巨人"企业，其核心产 品BMS作为保障锂电池安全运行的关键配套部件，广泛应用于新能源储能、通信基站储能等储能场景，以及智能穿戴、手机、笔记本电脑、电动工具、 扫地机、吸尘器等消费电子领域。 财务数据方面，2024年达人高科营业收入为2.39亿元，净利润为2270.46万元；2025年1—5月公司营业收入为1.04亿元，净利润为830.74万元；截至2025年5 月31日，公司资产总额为2.42亿元，净资产为7310.70万元，经营活动产生的现金流量净额为1130.97万元。 股权结构方面，蒋忠伟、蒋忠伟妻子王容、郝现柱、熊靖分别持有达人高科75%、10%、10%、5%的股权；本次交易完成后 ...

Core Viewpoint - The controlling shareholder of Nandu Power is planning a change in control and the sale of its lead recycling segment, with the stock expected to be suspended for up to two trading days starting December 12, 2025 [2] Group 1: Company Performance - Nandu Power has been focusing on the development and application of energy storage technologies, with main products including lithium-ion batteries, lead-acid batteries, hydrogen energy equipment, and recycling products [2] - The company has faced significant challenges since initiating its "abandon lead for lithium" strategy in 2020, resulting in a record net loss of 1.497 billion yuan in 2024 [2] - For the first three quarters of 2025, Nandu Power reported revenue of 5.911 billion yuan, a year-on-year decline of 24.80%, and a net loss of 220 million yuan, a year-on-year increase in loss of 189.22% [2] Group 2: Financial Health - The company's debt pressure is notable, with the asset-liability ratio increasing from 68.53% in 2022 to 79.01% in 2025 [4] - As of the third quarter of 2025, Nandu Power had total cash of 1.864 billion yuan, while short-term loans and current portion of non-current liabilities totaled 6.349 billion yuan, resulting in a funding gap exceeding 4.4 billion yuan [4] Group 3: Market Reaction - On December 11, 2025, Nandu Power's stock price surged over 14% at one point, closing up 8.69% at 18.38 yuan per share, with a total market capitalization of 16.51 billion yuan [5]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 百亿A股，拟易主 来源：中国基金报 记者 若文 【导读】南都电源公司控股股东正在筹划控制权变更等事宜 12月11日，南都电源发布公告称，公司于近日收到公司控股股东杭州南都电源有限公司、上海益都实业 有限公司、上海南都集团有限公司通知，获悉其正在筹划控制权变更、促进再生铅板块股权出售事宜。 公司股票自2025年12月12日（星期五）开市起停牌，预计停牌时间不超过2个交易日。 南都电源表示，目前各方尚未签署相关协议，拟就具体交易方案、协议等相关事项进行论证和磋商，具 体情况以各方签订的相关协议为准。 此外，公司负债压力亦不容忽视。截至2025年三季度，公司资产负债率从2022年的68.53%升至 79.01%；货币资金合计18.64亿元，而短期借款及一年内到期的非流动负债合计达63.49亿元，资金缺口 超过44亿元，现金流压力突出。 12月11日，南都电源股价一度涨超14%，截至收盘，上涨8.69%，报18.38元/股，总市值为165.1亿元。 | 南都电源@ | | | | | | | | --- | --- | --- | --- | ...

Core Viewpoint - The controlling shareholder of Nandu Power is planning a change in control and the sale of its lead recycling segment, which has led to significant financial challenges for the company [2][4]. Financial Performance - Nandu Power recorded a net loss of 1.497 billion yuan in 2024, marking the largest loss since its listing [4]. - In the first three quarters of 2025, the company achieved revenue of 5.911 billion yuan, a year-on-year decline of 24.80%, and a net loss of 220 million yuan, a year-on-year increase in loss of 189.22% [4]. - The company has been under pressure due to a strategic shift from lead to lithium, which has not improved its operational situation as expected [4]. Debt and Cash Flow - As of the third quarter of 2025, the company's asset-liability ratio increased from 68.53% in 2022 to 79.01% [5]. - The total cash available is 1.864 billion yuan, while short-term loans and current portion of non-current liabilities amount to 6.349 billion yuan, resulting in a funding gap exceeding 4.4 billion yuan, indicating significant cash flow pressure [5]. Stock Performance - On December 11, 2025, Nandu Power's stock price rose over 14% at one point, closing up 8.69% at 18.38 yuan per share, with a total market capitalization of 16.51 billion yuan [5].

公司称，控股股东杭州南都电源有限公司、上海益都实业有限公司、上海南都集团有限公司尚未签署相 关协议，还在就具体交易方案、协议等事项协商。 从股权结构看，截至2025年9月30日，杭州南都电源有限公司、上海益都实业有限公司和上海南都集团 有限公司分别持有公司8.43%、1.47%、0.62%的股份，三者合计持股约10.52%，是公司第一大股东集 团，背后为实际控制人周庆治。 智通财经12月11日讯（记者 陈抗）南都电源（300068.SZ）今日晚间宣布正在筹划公司控制权变更相关 事宜，并推动再生铅板块的股权出售。公司股票将自12月12日开市起停牌，预计停牌时间不超过两个交 易日。 今年开始，南都电源进入转型阵痛期，公司对外透露，今年前三季度营收约59.11亿元，同比下降 24.80%，主要系公司战略转型完成后，进行再生铅板块主动减产所影响，再生铅业务板块同比营收减 少20亿元；归母净利润约-2.2亿元，去年同期2.47亿，亏损主要来自回收板块。 对比公司2024年和2025年上半年各板块表现可以看出，再生铅产品的收入占比从42.31%骤减到 19.35%，而今年上半年再生铅产品毛利率已经跌至-11.02%，去年 ...

Core Viewpoint - The company, Nandu Power (300068), is undergoing a potential change in control and is planning to sell its recycling lead segment, with no agreements signed yet [1][3]. Group 1: Company Developments - The company has received notifications from its controlling shareholders regarding the planned change in control and the sale of the recycling lead segment [1]. - The company has applied for a trading suspension starting December 12, 2025, to ensure fair information disclosure and protect investor interests [3]. - During the suspension, the company will adhere to legal regulations for timely information disclosure based on the progress of the related matters [4]. Group 2: Financial Performance - For the first half of the year, the company reported revenue of 3.923 billion yuan, a year-on-year decrease of 31.67%, with revenue from recycling lead products at 759 million yuan, down 72.33% [4]. - The decline in revenue is attributed to the company's strategic transformation and the proactive reduction of production in the lead recycling segment [4]. - The third-quarter report indicated a revenue of 5.911 billion yuan, a year-on-year decrease of 24.80%, continuing the trend of reduced income due to strategic adjustments [5]. Group 3: Market Performance - The company's stock experienced a significant increase of over 14% in early trading, closing with an 8.69% rise at 18.38 yuan per share, resulting in a total market capitalization of 16.512 billion yuan [6].

Core Viewpoint - Nandu Power (300068) announced a suspension of trading due to potential changes in control and the sale of its lead recycling segment, with no agreements signed yet [1][6][8]. Company Overview - Nandu Power focuses on the development and application of energy storage technologies and products, providing lithium-based products and services across various sectors including new energy storage, communication, and data centers [3][9]. - The company has established a comprehensive ecosystem around energy storage, covering the entire industry chain from lithium battery manufacturing to resource recycling [8][9]. Financial Performance - For the first half of the year, Nandu Power reported revenue of 3.923 billion yuan, a year-on-year decrease of 31.67%, with revenue from lead recycling products dropping to 759 million yuan, down 72.33% [4][9]. - The third-quarter report indicated a revenue of 5.911 billion yuan for the first three quarters, reflecting a year-on-year decline of 24.80%, primarily due to strategic adjustments and reduced output in the recycling segment [4][9]. Stock Market Activity - On the day of the announcement, Nandu Power's stock initially surged over 14% before closing with an increase of 8.69% at 18.38 yuan per share, with a total market capitalization of 16.512 billion yuan [4][9].

明起停牌。 南都电源（300068）12月11日晚间公告，公司于近日收到公司控股股东杭州南都电源有限公司、上海益 都实业有限公司、上海南都集团有限公司通知，获悉其正在筹划控制权变更、促进再生铅板块股权出售 的相关事宜。目前各方尚未签署相关协议，拟就具体交易方案、协议等相关事项进行论证和磋商，具体 情况以各方签订的相关协议为准。 公告称，停牌期间，公司将根据相关事项进展情况，严格按照法律法规的有关规定及时履行信息披露义 务。 鉴于上述事项尚存在重大不确定性，为保证公平信息披露，维护投资者利益，避免公司股价异常波动， 根据《深圳证券交易所创业板股票上市规则》及《深圳证券交易所上市公司自律监管指引第6号——停 复牌》的相关规定，经公司向深圳证券交易所申请，公司股票（股票简称：南都电源，股票代码： 300068）自2025年12月12日（星期五）开市起停牌，预计停牌时间不超过2个交易日。 根据公司半年报，南都电源长期专注于储能技术、产品的开发与应用，面向新型电力储能、通信和数据 中心储能和民用储能领域，提供以锂电为主的产品、系统集成及服务，并已打通从锂电池制造、系统集 成、运营服务到锂资源回收的全产业链，形成了围绕储 ...

Core Viewpoint - The company, Nandu Power (300068), is undergoing a potential change in control and is planning to sell its lead recycling segment, which has led to a temporary suspension of its stock trading starting December 12, 2025 [1][3]. Group 1: Company Announcement - Nandu Power announced that it received notifications from its major shareholders regarding the planning of a change in control and the sale of its lead recycling segment [1]. - The company has not yet signed any agreements, and discussions regarding specific transaction plans are ongoing [1]. Group 2: Stock Suspension Details - The stock of Nandu Power will be suspended from trading for up to two trading days to ensure fair information disclosure and protect investor interests [3]. - The company will fulfill its information disclosure obligations in accordance with legal regulations during the suspension period [4]. Group 3: Business Overview - Nandu Power focuses on the development and application of energy storage technologies and products, providing lithium-based products and services across various sectors, including new energy storage and communication [4]. - The company has established a comprehensive ecosystem around energy storage, covering the entire industry chain from lithium battery manufacturing to resource recycling [4]. Group 4: Financial Performance - In the first half of the year, Nandu Power reported revenue of 3.923 billion yuan, a year-on-year decrease of 31.67%, with lead recycling product revenue dropping by 72.33% to 759 million yuan [4]. - The decline in revenue is attributed to the company's strategic transformation and a voluntary reduction in lead recycling operations [5]. - For the first three quarters, the company reported revenue of 5.911 billion yuan, a year-on-year decrease of 24.80%, primarily due to ongoing strategic adjustments and reduced output in the recycling segment [5].