Core Viewpoint - JiaHua Technology (688051.SH) is unable to resume trading on December 1, 2025, due to ongoing uncertainties related to a transaction, leading to an application for continued suspension of its stock for no more than five trading days [1] Summary by Relevant Sections - **Trading Suspension** - The company has applied for its stock to remain suspended from trading starting December 1, 2025, due to significant uncertainties surrounding a transaction [1] - **Investor Protection** - The decision to suspend trading is aimed at ensuring fair information disclosure and protecting investor interests, preventing abnormal fluctuations in the company's stock price [1]

人民财讯11月28日电，佳华科技(688051)11月28日公告，公司正在筹划以发行股份及支付现金的方式购 买数盾信息科技股份有限公司的控股权并募集配套资金。公司预计无法在2025年12月1日上午开市起复 牌。经申请，公司股票自2025年12月1日上午开市起继续停牌，预计继续停牌时间不超过5个交易日。 ...

罗克佳华科技集团股份有限公司董事会 证券代码：688051 证券简称：佳华科技 公告编号：2025-033 罗克佳华科技集团股份有限公司 关于筹划重大资产重组事项进展并继续停牌的公告 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。 罗克佳华科技集团股份有限公司（以下简称"公司"）正在筹划以发行股份及 支付现金的方式购买数盾信息科技股份有限公司的控股权并募集配套资金（以下 简称"本次交易"）。根据上海证券交易所的相关规定，经公司申请，公司股票 （证券简称：佳华科技，证券代码：688051）自 2025 年 11 月 24 日（星期一）开 市起停牌，预计停牌时间不超过 5 个交易日。具体内容详见公司于 2025 年 11 月 24 日刊登在上海证券交易所网站（www.sse.com.cn）的《关于筹划重大资产重组 事项停牌的公告》（公告编号：2025-032）。 截至本公告披露日，相关各方正在积极推进本次交易的各项工作，公司预计无 法在 2025 年 12 月 1 日（星期一）上午开市起复牌。鉴于上述事项尚存在重大不 确定性，为保 ...

格隆汇11月28日｜罗克佳华科技集团股份有限公司正在筹划以发行股份及支付现金的方式购买数盾信息 科技股份有限公司的控股权并募集配套资金。截至本公告披露日，相关各方正在积极推进本次交易的各 项工作，公司预计无法在2025年12月1日（星期一）上午开市起复牌。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，避免造成公司股价异常波动，根据《上海证券交易所上市 公司自律监管指引第4号——停复牌》等相关规定，经向上海证券交易所申请，公司股票自2025年12月1 日（星期一）上午开市起继续停牌，预计继续停牌时间不超过5个交易日。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

佳华科技公告，公司正在筹划以发行股份及支付现金的方式购买数盾信息科技股份有限公司的控股权并 募集配套资金。公司股票自2025年11月24日开市起停牌，预计停牌时间不超过5个交易日。截至本公告 披露日，相关各方正在积极推进本次交易的各项工作，公司预计无法在2025年12月1日（星期一）上午 开市起复牌。经向上海证券交易所申请，公司股票自2025年12月1日（星期一）上午开市起继续停牌， 预计继续停牌时间不超过5个交易日。 ...

Core Viewpoint - JiaHua Technology has announced a trading suspension due to a major asset restructuring plan, which involves acquiring controlling stakes in ShuDun Technology through a combination of share issuance and cash payment [1][3]. Group 1: Company Overview - JiaHua Technology reported a revenue of 166 million yuan for the first three quarters of 2025, as disclosed in its periodic reports [3]. - ShuDun Technology, established in 2002, specializes in domestic encryption and information security, holding commercial encryption qualifications verified by the National Cryptography Administration [3][10]. - The acquisition agreement has been signed with the actual controlling person of ShuDun, with specific details to be announced later [3]. Group 2: Transaction Details - The transaction is classified as a major asset restructuring, which will involve multiple approval and disclosure procedures according to the Shanghai Stock Exchange rules [5]. - The suspension of trading is expected to last no more than five trading days, allowing the company time for negotiations and preparation of materials [6]. - The company has emphasized that this transaction will not lead to a change in the actual controller, which is crucial for regulatory classification as a restructuring listing [8]. Group 3: Market and Regulatory Context - The integration of JiaHua's IoT big data capabilities with ShuDun's encryption and security capabilities could theoretically provide end-to-end trusted services, although the integration challenges related to team and technical standards are acknowledged [10]. - The regulatory environment imposes strict requirements on acquisitions involving encryption technology and national security, which may subject the transaction to more rigorous scrutiny [10][12]. - The cautious and formal language in the company's announcement reflects both compliance with disclosure rules and the ongoing negotiations between the parties [12][14]. Group 4: Stakeholder Concerns - Investors and minority shareholders are primarily concerned with information transparency and fair valuation, with the ambiguity during the announcement phase potentially amplifying market anxiety [14]. - The ongoing speculation about future strategic directions continues to attract attention from media, brokers, and industry observers [14].

Core Viewpoint - Jiahua Technology (688051.SH) is planning a major asset restructuring to acquire controlling interest in Shudun Technology, as it faces significant operational losses and seeks to improve its financial performance [1][4][6]. Group 1: Asset Restructuring - Jiahua Technology announced a suspension of trading on November 24, 2023, to facilitate the acquisition of Shudun Technology through a combination of share issuance and cash payment [1]. - The transaction is expected to be classified as a major asset restructuring, but it will not change the actual control of Jiahua Technology [1][2]. - Jiahua Technology has signed a share acquisition intention agreement with Shudun Technology's major shareholder, Zhu Yun, with key details still under negotiation [2]. Group 2: Financial Performance - Jiahua Technology's revenue peaked in 2020 at 681 million yuan, with a net profit of 177 million yuan, but has since experienced a decline in performance [4]. - From 2021 to 2024, the company's revenues were 486 million yuan, 261 million yuan, 322 million yuan, and 300 million yuan, all significantly lower than in 2020 [4]. - The net profits during the same period were -129 million yuan, -288 million yuan, -208 million yuan, and -103 million yuan, indicating continuous losses [4][5]. - In the first three quarters of 2025, Jiahua Technology reported revenues of 166 million yuan, a year-on-year decrease of 30.72%, and a net loss of 67 million yuan, worsening by 114.36% compared to the previous year [4]. Group 3: Market Reaction - Jiahua Technology's stock price increased from 20.82 yuan per share at the beginning of 2025 to 48 yuan per share by November 21, 2025, more than doubling within the year [7].

Group 1 - Three companies have been temporarily suspended from trading: Chaozhuo Hangke, Kaizhong Co., and Jiahua Technology [1][2] - Chaozhuo Hangke (688237.SH) is suspended for one day to announce important information [2] - Kaizhong Co. (603037.SH) is suspended for one day as it plans to reorganize significant assets [2] - Jiahua Technology (688051.SH) is suspended for one day to plan a major asset restructuring [2] Group 2 - Nine companies continue to be suspended from trading, including *ST Yuancheng, *ST Guangdao, and *ST IE Ping, due to various reasons such as publishing important announcements and abnormal trading fluctuations [2] - Dongxing Securities (601198.SH) is suspended as it plans to reorganize significant assets [2] - Other companies like Xinda Securities (601059.SH) and Zhongjin Company (601995.SH) are also suspended for similar reasons related to major asset restructuring [2]

新京报贝壳财经讯 11月23日，佳华科技发布重大资产重组停牌公告，宣布公司正筹划以发行股份及支 付现金的方式收购数盾信息科技股份有限公司（简称"数盾科技"）控股权并募集配套资金。经初步测 算，该交易可能构成重大资产重组，公司股票自11月24日开市起停牌，预计停牌时间不超过5个交易 日。此次交易不会导致佳华科技实际控制人发生变更，不构成重组上市。因标的公司审计评估、交易金 额、发行股份及支付现金比例等内容暂未确定，尚无法确定交易是否构成关联交易。 编辑 杨娟娟 ...

Core Viewpoint - JiaHua Technology (688051.SH) announced a major asset restructuring plan to acquire controlling interest in Shudun Information Technology Co., Ltd. through a combination of share issuance and cash payment, with the stock suspension expected to last no more than five trading days [1][2]. Group 1: Transaction Details - The transaction involves signing a share acquisition intention agreement with Shudun Technology's main shareholder, Zhu Yun, with key details such as transaction amount and payment structure still under negotiation [2]. - Shudun Technology, established in 2002, is recognized for its commercial password qualifications and has developed four major product systems, including password security and information security products [1][2]. - The company has achieved 108 bidding records since 2025, serving critical sectors such as energy, transportation, finance, and government [1]. Group 2: Financial Context - JiaHua Technology is facing performance pressure, with a 30.72% year-on-year decline in revenue and a net loss of 67.238 million yuan in the first three quarters of 2025 due to intensified industry competition and tightened customer budgets [2]. - The market has reacted to the acquisition news, with a significant price fluctuation observed on November 21, where the stock experienced a drop of 2.28% by the end of the day, despite a year-to-date increase of over 130% [2]. Group 3: Future Actions - The company emphasized that it will expedite the transaction process during the suspension period and will disclose the restructuring plan and subsequent documents in a timely manner [3].