Group 1 - The CPO concept stocks in the A-share market experienced a widespread decline, with significant drops in several companies [1] - Jingwang Electronics saw a decrease of 4%, while Ruijie Networks, Changxin Bochuang, Hengdongguang, Zhongji Xuchuang, and Xinyi Sheng all fell by over 3% [1] Group 2 - The market capitalization of Jingwang Electronics is 72.8 billion, with a year-to-date increase of 1.15% [2] - Ruijie Networks has a market capitalization of 65.3 billion, with a year-to-date decline of 7.49% [2] - Changxin Bochuang's market capitalization stands at 38.5 billion, with a year-to-date decrease of 7.11% [2] - Zhongji Xuchuang has a market capitalization of 640.1 billion, with a year-to-date decline of 5.57% [2] - Xinyi Sheng's market capitalization is 395.1 billion, with a year-to-date decrease of 7.76% [2]

Group 1 - Fujian local stocks experienced a significant afternoon rally, with companies such as Xiamen Port Authority, Fuzhijng Technology, and Snowman Group hitting the daily limit up [1] - Other stocks that followed the upward trend include Xingyun Co., Pingtan Development, Xiamen Airport, Dongbai Group, and Haixia Innovation [1] Group 2 - Notable stock performances include: - Hengkun New Materials (688727) with a rise of 62.06% and a one-year increase of 314.01% [2] - Snowman Group (002639) up by 21.96% with a one-year increase of 212.82% [2] - Xiamen Port Authority (000905) increased by 14.17% with a one-year rise of 124.92% [2] - Fuzhijng Technology (002222) surged by 63.98% with a one-year increase of 94.47% [2] - Luyan Pharmaceutical (002788) rose by 24.99% with a one-year increase of 213.55% [2] - Shengtun Mining (600711) increased by 17.31% with a one-year rise of 283.81% [2] - Huamao Technology (603306) up by 67.02% with a one-year increase of 107.81% [2] - Aerospace Development (000547) increased by 36.16% with a one-year rise of 383.42% [2] - Xingyun Co. (300648) rose by 55.87% with a one-year increase of 131.73% [2] - ST Green Kang (002868) increased by 39.03% with a one-year rise of 170.48% [2]

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：113677 | 债券简称：华懋转债 | | 华懋（厦门）新材料科技股份有限公司 关于 2025 年第四季度可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 转股情况：2025 年 10 月 1 日至 2025 年 12 月 31 日期间，共有 186,000 元 "华懋转债"已转换成公司股份，本期因转股形成的股份数量为 5,504 股。截至 2025 年 12 月 31 日，累计已有 976,000 元"华懋转债"转换成公司股份，累计回 售 1,000 元"华懋转债"，累计因转股形成的股份数量为 28,877 股，占可转债转 股前公司已发行股份总额的 0.00886%。 根据有关规定和《华懋（厦门）新材料科技股份有限公司向不特定对象发行 可转换公司债券募集说明书》（以下简称"《募集说明书》"）的约定，公司本 次发行的"华懋转债"自 2024 ...

Core Viewpoint - Huamao Technology (603306.SH) is planning to acquire 100% equity of Shenzhen Fuchuang Youyue Technology Co., Ltd. (Fuchuang Youyue) and has responded to the Shanghai Stock Exchange's inquiries regarding the transaction's purpose, valuation, and integration risks [2][3]. Group 1: Acquisition Details - The total transaction price for the acquisition is 1.504 billion yuan, corresponding to a valuation of 2.6 billion yuan for Fuchuang Youyue, with a payment method involving both shares and cash [4]. - The company currently holds 42.16% of Fuchuang Youyue's shares, making it the largest single shareholder, and has been working on management integration for over a year [3][4]. Group 2: Market Potential and Business Strategy - The global market for automotive passive safety components is projected to grow from $22.469 billion in 2023 to $43.263 billion by 2029, with the company holding over 35% market share in the domestic segment [3]. - The semiconductor and information communication manufacturing sector is identified as a second growth curve, with a projected compound annual growth rate of 22% from 2024 to 2029 in the optical module market [3]. Group 3: Financial Performance and Valuation - Fuchuang Youyue's valuation increased from 950 million yuan in September 2024 to 2.6 billion yuan, attributed to industry growth and improved performance, with a net profit of 129 million yuan expected in 2024 [5]. - The estimated price-to-earnings ratio for the acquisition is 20.16, which is lower than the industry average of 51.07, indicating a favorable valuation [5]. Group 4: Integration and Independence - Fuchuang Youyue has achieved complete independence from its former parent company, Hai Neng Da, in terms of business, assets, and personnel, with fair rental agreements in place [6]. - The company has developed a detailed integration plan to maintain stability in Fuchuang Youyue's core team and leverage synergies between the automotive and semiconductor sectors [6].

Core Viewpoint - Huamao Technology (603306) is undergoing a significant asset restructuring involving the acquisition of stakes in Fuchuang Youyue and Yirui Technology, with a total transaction value of 150,383.53 million yuan, aimed at enhancing its dual business model in automotive safety and semiconductor sectors [1][2][3][5][6] Company Announcement Summary - The company received a supplementary legal opinion from Beijing Kanda Law Firm regarding the asset acquisition and fundraising, addressing transaction scheme and asset independence [1] - Shengan Securities provided an independent financial advisory report, confirming the necessity and feasibility of the transaction, highlighting Fuchuang Youyue's technological advantages in the optical module PCBA and high-speed copper cable connector sectors [2] - The company disclosed that the transaction constitutes a related party transaction and includes performance commitments, assessment methods, and financial conditions of the target companies [3][5] - The company has submitted responses to the Shanghai Stock Exchange's inquiry letter, detailing the historical evolution, independence, and financial aspects of the target assets [2][4] Transaction Details - The total transaction price is 150,383.53 million yuan, with 68% paid in shares and 32% in cash, and the company plans to raise up to 95,128.00 million yuan from its controlling shareholder, Dongyang Huasheng [1][6] - The transaction includes a performance commitment from the counterparties to ensure that Fuchuang Youyue achieves a cumulative net profit of no less than 78,000 million yuan from 2025 to 2027 [1][5]

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.：010-50867666 传真/Fax：010-56916450 网址/Website：www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于华懋（厦门）新材料科技股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易的 补 充 法 律 意 见 书（一） 康达股重字【2025】第 0003-1 号 二〇二五年十二月 | 问题 | 1.关于交易目的与跨行业并购 | 9 | | --- | --- | --- | | 问题 | 2.关于交易方案 | 35 | | 问题 | 4.关于标的资产历史沿革 | 50 | | 问题 | 5.关于标的公司独立性 | 79 ...

立信会计师事务所（特殊普通合伙） 关于华懋（厦门）新材料科技股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交 易申请的审核问询函的回复 信会师函字[2025]第 ZA686 号 上海证券交易所： 贵所于 2025 年 11 月 7 日出具了《关于华懋（厦门）新材料科技股份 有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易申请的 审核问询函》（以下简称"问询函"）。立信会计师事务所（特殊普通合 伙）（以下简称"申报会计师"或"会计师"）作为华懋（厦门）新材料 科技股份有限公司（以下简称"公司"、"上市公司"或"华懋科技"） 发行股份及支付现金购买资产并募集配套资金申请的申报会计师，对问询 函所列问题中需要会计师说明或发表意见的问题进行了认真核查，现就相 关问题回复如下： 6-3-1 请公司披露：（1）海能达 EMS 业务中部分涉及光通信和海事通信的业务及相关资 产出售给富创优越的背景和原因，相关业务和资产的定价以及其公允性，相关会计处理 及准确性；出售业务与海能达目前 EMS 业务的关系，出售前后相关业务的经营业绩情况； （2）姚培欣设立洇锐科技收购富创优越进而收购海能达相关业务的背景和 ...

沃克森（北京）国际资产评估有限公司关于 华懋（厦门）新材料科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易申请的审核问询函 之评估相关问题的回复之核查意见 二〇二五年十二月 上海证券交易所： 贵所于 2025 年 11 月 7 日出具了《关于华懋（厦门）新材料科技股份有限公司发行 股份及支付现金购买资产并募集配套资金暨关联交易申请的审核问询函》（以下简称"问 询函"）。根据问询函的要求，沃克森（北京）国际资产评估有限公司（以下简称"沃克 森评估"或"评估机构"）作为本项目的资产评估机构会同华懋（厦门）新材料科技股 份有限公司（以下简称"华懋科技"、"公司"或"上市公司"）、申港证券股份有限公司 （以下简称"申港证券"或"独立财务顾问"）、北京市康达律师事务所（以下简称"康 达律师"或"律师事务所"）、立信会计师事务所（特殊普通合伙）（以下简称"立信会 计师"或"审计机构"）对问询函所列要求评估师核查问题进行了认真讨论与核查，现 对问询函回复如下，请予以审核。 如无特别说明，本审核问询函回复中所使用的简称与《华懋（厦门）新材料科技股 份有限公司发行股份及支付现金购买资产并募集配套资金暨关联 ...

发行股份及支付现金购买资产 并募集配套资金暨关联交易 之 独立财务顾问报告 独立财务顾问 申港证券股份有限公司 关于 华懋（厦门）新材料科技股份有限公司 独立财务顾问声明和承诺 一、独立财务顾问声明 （一）本独立财务顾问报告所依据的文件和材料由本次交易各方提供，提供 方对所提供文件及资料的真实性、准确性和完整性负责，并保证该等信息不存在 虚假记载、误导性陈述或者重大遗漏。本独立财务顾问不承担由此引起的任何风 险责任； （二）本独立财务顾问报告是在假设本次交易各方当事人均全面和及时履行 本次交易相关协议和声明或承诺的基础上出具；若上述假设不成立，本独立财务 顾问不承担由此引起的任何风险责任； （三）本独立财务顾问报告不构成对上市公司的任何投资建议或意见，对投 资者根据本独立财务顾问报告作出的任何投资决策可能产生的风险，本独立财务 顾问不承担任何责任； （四）本独立财务顾问未委托或授权其他任何机构和个人提供未在独立财务 顾问报告中列载的信息，以作为本独立财务顾问报告的补充和修改，或者对本独 立财务顾问报告作任何解释或说明。未经独立财务顾问书面同意，任何人不得在 任何时间、为任何目的、以任何形式复制、分发或者摘录独 ...

关于华懋（厦门）新材料科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易申请的审核问询函的回复 独立财务顾问 （中国（上海）自由贸易试验区世纪大道 1589 号长泰国际金融大厦 16/22/23 楼） 二〇二五年十二月 华懋科技审核问询函回复 上海证券交易所： 贵所于 2025 年 11 月 7 日出具了《关于华懋（厦门）新材料科技股份有限公 司发行股份及支付现金购买资产并募集配套资金暨关联交易申请的审核问询函》 （以下简称"问询函"）。根据问询函的要求，华懋（厦门）新材料科技股份有 限公司（以下简称"华懋科技"、"公司"或"上市公司"）会同申港证券股份 有限公司（以下简称"申港证券"或"独立财务顾问"）、北京市康达律师事务 所（以下简称"康达律师"或"律师事务所"）、立信会计师事务所（特殊普通 合伙）（以下简称"立信会计师"或"审计机构"）以及沃克森（北京）国际资 产评估有限公司（以下简称"沃克森评估"或"评估机构"）对问询函所列问题 进行了认真讨论与核查，现对问询函回复如下，请予以审核。 如无特别说明，本审核问询函回复中所使用的简称与《华懋（厦门）新材料 科技股份有限公司发行股份及支付 ...