筹划控制权变更事项两个多月的佳创视讯（300264），突然公告该事项终止。 佳创视讯（300264）10月9日晚间公告称，公司控股股东、实际控制人陈坤江与交易对方因未能就核心交易要素达成一致意见，决定终止本次控制权变更 事项。终止筹划本次控制权变更事项不会对公司经营业绩和财务状况产生重大不利影响。 值得注意的是，早在佳创视讯8月3日公司公告停牌筹划该事项前，股价已出现异动，成交量较前期放大，被质疑涉嫌内幕信息泄露。 | ● 大 訳 | | 都在用的商业查询工具 | ■公司 查老板 | 萱关系 查风险 | 天眼一下 | 齢 应用 ▼ | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 国家中小企业发展子基金旗下机构 | 深圳市瑞能实业股份有限公司 | | 8 | | 商务合作 企业级产品 · 曾 开通会员 | | | 基本信息 168 | | 上市信息 62 | 法律诉讼 1 | 经营风险 | 经营信息 999+ | 公司发展 94 | 知识产权 377 | | | 序号 | | 股东名称 | | 持股比例÷ | | 认缴出资额 ...

编号：2025-005 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 西南证券 杨云杰；华西证券 王宁；长江证券 王硕；国信证券 吴 | | 及人员姓名 | 双；工银瑞信 谢怡婷 | | 时间 2025 | 年 月 日 9 12 10:00-11:00；12:30-13:30；13:30-14:30 | | 地点 | 公司会议室；线上交流 | | 上市公司接待 | 董事、副总经理、财务总监兼董事会秘书：王桂杰女士 | | 人员姓名 | | | | 一、介绍公司基本情况和业务概况 | | | 公司专注于智能装备的研发、设计、生产、销售和技术服务， | | | 重点面向智能制造中的检测和组装工序提供自主研发的智能装 | | | 备产品，公司核心产品是检测设备和精密组装设备。目前主要的 | | | 服务领域为消费电子和新能源。 | | 投资者关系活 | 年来自苹果的订单主要有无线充电、 消费电子领域，2025 | | VC | 散热片、智能眼 ...

Group 1: Company Overview and Business Focus - The company specializes in the research, design, production, sales, and technical services of intelligent equipment, primarily targeting the inspection and assembly processes in smart manufacturing [2] - Key service areas include consumer electronics and new energy, with significant orders from Apple and META for smart inspection and assembly equipment [2][3] Group 2: Performance Metrics - In the first half of 2025, the overall shipment volume increased by approximately 40.08% compared to the same period last year [2] - As of June 30, 2025, the company's backlog of orders rose by about 135.34% year-on-year [2] Group 3: Product Development and Market Outlook - The company is providing inspection equipment for Apple's smart glasses, focusing on appearance defect detection, and assembly equipment for META's smart glasses [3] - The future outlook for the smart glasses market is positive, with expectations for significant growth in the coming year [3] Group 4: New Energy Sector Insights - The company's inspection equipment covers multiple quality inspection stages in lithium battery production, significantly enhancing safety through advanced AI inspection technologies [4] - There has been a noticeable increase in orders from the new energy sector compared to the previous year [4] Group 5: Strategic Development and M&A Considerations - The company is actively seeking mergers and acquisitions to extend its main business and achieve synergistic development while remaining cautious and strategic [5][6] - Future plans include expanding product sales in consumer electronics and new energy, improving service quality, and enhancing profitability through cost control [6]

Group 1 - The core point of the article is the change of control at Jiachuan Video, where the actual controller will shift from Chen Kunjian to Mao Guangfu and Li Li, who are also the controlling shareholders of Ruineng Co., Ltd [3][7] - Ruineng Co., Ltd has been attempting to go public since 2017, undergoing three rounds of guidance from different securities firms, and has shifted its target from the Growth Enterprise Market to the Beijing Stock Exchange [1][8] - The control transfer plan for Jiachuan Video consists of share transfer, voting rights delegation, and a directed share issuance, aiming to raise up to 354 million yuan for working capital and debt repayment [4] Group 2 - Chen Kunjian will transfer 4.66% of his shares in Jiachuan Video to Li Li and delegate the voting rights of his remaining 13.97% shares to Mao Guangfu [4] - Jiachuan Video has faced continuous losses since 2019, with a net profit of -599 million yuan as of the end of 2024, and is at risk of delisting if certain financial thresholds are not met [6][10] - The new controlling shareholders, Mao Guangfu and Li Li, are also linked to Ruineng Co., Ltd, which has faced challenges in its IPO process due to insufficient profit margins and multiple inquiries from the Shenzhen Stock Exchange [8][9] Group 3 - Ruineng Co., Ltd's financial performance has been declining, with net profits of 99 million yuan, 52 million yuan, and 65 million yuan from 2019 to 2021, representing a cumulative drop of over 30% [9] - The company has resumed its IPO efforts in December 2023 with Guosen Securities as the new advisor, targeting the Beijing Stock Exchange [8][10] - The industry outlook for Ruineng Co., Ltd appears challenging, with many comparable companies in the lithium battery equipment sector experiencing revenue declines [9][10]

Group 1 - The core point of the article is the planned change of control at Jia Chuang Video, a listed company with a market value of nearly 3 billion, where the current controlling shareholder Chen Kunjian will transfer control to the couple Mao Guangfu and Li Li [1][2] - The control change involves a three-step plan: share transfer, voting rights transfer, and a private placement of shares to raise funds [3][4] - Chen Kunjian, the founder, previously attempted to consolidate control by investing 140 million yuan in a private placement just three months ago, highlighting a significant shift in strategy [2][4] Group 2 - Jia Chuang Video has faced financial difficulties, with continuous losses since 2017, including a net loss of 77.1 million yuan in 2022 [4][5] - The company has diversified its business into gaming, cloud services, and VR products, but has struggled to maintain profitability [4] - The new controlling shareholders, Mao Guangfu and Li Li, have a background in the lithium battery testing equipment industry through their company Rui Neng Industrial, which previously attempted an IPO [6][10] Group 3 - Rui Neng Industrial, controlled by Mao and Li, has significant partnerships with major battery manufacturers and has been recognized for its market position in the lithium battery sector [11] - The potential acquisition of Jia Chuang Video by Rui Neng Industrial could provide new funding and opportunities for growth, although the specifics of the control transfer agreement remain unclear [10][12] - The market is watching closely to see how this change in control will impact Jia Chuang Video's future, especially given its current financial struggles and the potential for a new strategic direction under the new owners [12]

Core Viewpoint - The control of Jiachuan Vision (佳创视讯) is set to change hands from Chen Kunjian to the couple Li Li and Mao Guangfu, reflecting the company's ongoing operational struggles and financial difficulties [2][3]. Group 1: Control Change - On August 10, Jiachuan Vision announced that its controlling shareholder Chen Kunjian signed a framework agreement to transfer 2,006,240 shares (4.66% of total shares) to Li Li, while also assisting her in acquiring an additional 0.34% of shares from other shareholders [2]. - The remaining 60,187,300 shares (13.97% of total shares) held by Chen will have their voting rights entrusted to Mao Guangfu [2]. - Li Li and Mao Guangfu may subscribe to a private placement of up to 6,786,010 shares, raising no more than 354 million yuan, which will be used for working capital and debt repayment [2]. Group 2: Financial Performance - Jiachuan Vision has faced significant financial challenges, with net losses of 105 million yuan, 77 million yuan, 67 million yuan, and 58 million yuan from 2021 to 2024, totaling 307 million yuan in losses [4]. - In Q1 2025, the company briefly turned a profit with a net income of 1.94 million yuan, but the net profit excluding non-recurring items still showed a loss of 1.25 million yuan [5]. - The company's gross margin plummeted from 28.83% in 2023 to 4.81% in 2024, primarily due to a high proportion of low-margin projects in its traditional broadcasting business [5].

Core Viewpoint - The couple Mao Guangfu and Li Li are attempting to gain control of the A-share listed company Jiachuan Vision after years of unsuccessful attempts to list their own company, Shenzhen Ruineng Industrial Co., Ltd. [1][3] Group 1: Control Acquisition - On August 10, Jiachuan Vision announced that its controlling shareholder and actual controller would change from Chen Kunjiang to Mao Guangfu and Li Li [3] - Li Li plans to acquire 4.6564% of the company's shares from Chen Kunjiang, who will also assist in finding other shareholders willing to sell their shares [3] - The couple may also subscribe to a private placement of up to 67.86 million shares, raising no more than 354 million yuan for working capital and debt repayment [3][10] Group 2: Financial Performance - Jiachuan Vision has reported net losses for six consecutive years from 2019 to 2024, with total revenues of approximately 1.64 billion yuan in 2019 and 1.49 billion yuan in 2024 [10] - The company achieved a revenue of approximately 56.1 million yuan in the first quarter of 2025, marking a year-on-year increase of 207.34%, and a net profit of approximately 1.94 million yuan, indicating a turnaround [10] - The company's high asset-liability ratio stood at 87.79% as of the end of the first quarter of 2025 [12] Group 3: Background and Relationships - Mao Guangfu and Li Li have a history in the capital market, having previously attempted to list their company Ruineng, which was established in 2003 and attempted an IPO in 2021 but withdrew in 2022 [4][5] - Jiachuan Vision's independent director Zhang Xuebin has prior connections with Ruineng, having served as an independent director there from 2018 to 2021 [6][9] - The couple's core business, Ruineng, focuses on lithium battery testing equipment, which is expected to grow due to increasing demand in the clean energy and electric vehicle sectors [12]

Group 1 - The core point of the article highlights the stock performance of Xingyun Co., which closed at 54.82 yuan on August 7, experiencing a slight decline of 0.15% from the previous trading day [1] - On the same day, the stock opened at 53.99 yuan, reached a high of 56.49 yuan, and a low of 52.88 yuan, with a total trading volume of 101,213 hands and a transaction amount of 553 million yuan [1] - The company specializes in the research, production, and sales of lithium battery testing equipment, with applications in power batteries and energy storage batteries [1] Group 2 - As a leading supplier of lithium battery testing equipment in China, the company's product lines include battery pack testing systems and battery module testing systems [1] - On August 7, the net inflow of main funds was 25.6883 million yuan, with a cumulative net inflow of 1.31 billion yuan over the past five trading days [1] - The turnover rate on that day was 9.53%, indicating active market trading [1]

Core Viewpoint - The article highlights the upcoming 13th Energy Storage International Summit and Exhibition (ESIE 2025) scheduled for April 10-12, 2025, at the Capital International Exhibition Center, showcasing advancements in the energy storage industry and featuring key players like Fujian Xingyun Electronics Co., Ltd. [2][21] Company Overview - Fujian Xingyun Electronics Co., Ltd. specializes in the research, development, and production of lithium battery testing equipment, intelligent manufacturing solutions, energy storage inverters, charging piles, and battery swap cabinets. The company was established in 2005 and went public in 2017 with stock code 300648 [3][4]. Product and Technology Highlights - The company offers a diverse product line applicable to various sectors, including smartphones, laptops, electric vehicles, and energy storage. Recent focus areas include energy storage and charging solutions, providing products like energy storage inverters and smart energy management platforms [4][5]. - Xingyun's energy storage inverters cover a wide power range, including 100-215kW string inverters and 630-3450kW centralized inverters, designed for high efficiency and modular components, enhancing energy storage system capabilities [4][5]. - The latest high-power energy storage inverter and flow battery storage solutions will be showcased at ESIE 2025, aiming to support the industry's transition to the 6MW+ era [5]. Key Projects - Notable projects include the Hubei Jingmen Park energy storage project (73.6MW/150MWh), the Fujian Fuzhou Park energy storage project (10MW/20MWh), and the Shanxi Yuncheng flywheel + lithium battery frequency regulation energy storage project (50MW/50MWh) [15][17]. Event Details - ESIE 2025 will feature over 800 leading enterprises, 500 new product launches, and attract more than 200,000 professional visitors. The event will also host over 40 thematic forums with participation from 400+ core policymakers and industry experts [21][24].