908 lines
52 KiB
HTML
908 lines
52 KiB
HTML
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<!DOCTYPE html>
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<meta charset="utf-8" />
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<title>2025年换股合并潮 - 行业洞察报告</title>
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<div class="container mx-auto px-4 py-8 max-w-6xl">
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<!-- 标题部分 -->
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<div class="text-center mb-12">
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<h1 class="text-4xl md:text-5xl font-bold text-gray-800 mb-4">2025年换股合并潮</h1>
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<p class="text-xl text-gray-600 max-w-3xl mx-auto">中国资本市场新一轮换股吸收合并浪潮深度解析</p>
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<div class="mt-6">
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<span class="inline-block bg-indigo-100 text-indigo-800 text-sm font-medium px-4 py-2 rounded-full">行业洞察报告</span>
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<span class="inline-block bg-purple-100 text-purple-800 text-sm font-medium px-4 py-2 rounded-full ml-2">2025年7月</span>
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</div>
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</div>
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<!-- 概念事件 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-exchange-alt text-indigo-600 mr-3"></i>
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概念事件
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</h2>
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<p class="text-gray-700 mb-6">
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2024-2025年，中国资本市场出现一轮密集的<strong>换股吸收合并</strong>浪潮，涉及军工、券商、科技、消费等多个行业。
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</p>
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<!-- 时间轴 -->
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<div class="relative pl-8 mb-8">
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<div class="timeline-line"></div>
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<div class="relative mb-6">
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<div class="timeline-dot"></div>
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<div class="ml-4">
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<h3 class="font-semibold text-gray-800">2024年9月</h3>
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<p class="text-gray-700">中国船舶拟换股吸收合并中国重工（换股比例1:0.1335），打造全球造船龙头。</p>
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</div>
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</div>
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<div class="relative mb-6">
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<div class="timeline-dot"></div>
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<div class="ml-4">
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<h3 class="font-semibold text-gray-800">2024年10月</h3>
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<p class="text-gray-700">国泰君安换股吸收合并海通证券（比例1:0.62），募资100亿元，成为券商"航母"。</p>
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</div>
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<div class="relative mb-6">
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<div class="timeline-dot"></div>
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<div class="ml-4">
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<h3 class="font-semibold text-gray-800">2025年1月</h3>
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<p class="text-gray-700">奥瑞金完成收购中粮包装（金属包装行业整合）。</p>
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</div>
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</div>
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<div class="relative mb-6">
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<div class="timeline-dot"></div>
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<div class="ml-4">
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<h3 class="font-semibold text-gray-800">2025年3月</h3>
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<p class="text-gray-700">湘财股份换股合并大智慧（比例1:1.27），整合券商牌照与流量平台。</p>
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</div>
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</div>
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<div class="relative">
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<div class="timeline-dot"></div>
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<div class="ml-4">
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<h3 class="font-semibold text-gray-800">2025年6月</h3>
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<p class="text-gray-700">海光信息换股吸收合并中科曙光（比例0.5525:1），强化算力芯片生态。</p>
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</div>
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</div>
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</div>
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<!-- 时间轴表格 -->
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<div class="overflow-x-auto">
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<table class="min-w-full bg-white border border-gray-200 rounded-lg">
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<thead>
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<tr class="bg-gray-100">
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<th class="py-3 px-4 text-left text-gray-700 font-semibold">时间</th>
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<th class="py-3 px-4 text-left text-gray-700 font-semibold">事件</th>
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<th class="py-3 px-4 text-left text-gray-700 font-semibold">行业</th>
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<th class="py-3 px-4 text-left text-gray-700 font-semibold">换股比例/溢价</th>
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</tr>
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</thead>
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<tbody>
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<tr class="border-b border-gray-200">
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<td class="py-3 px-4 text-gray-700">2024年9月</td>
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<td class="py-3 px-4 text-gray-700">中国船舶→中国重工</td>
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<td class="py-3 px-4 text-gray-700">军工/造船</td>
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<td class="py-3 px-4 text-gray-700">1:0.1335（重工溢价1.4%）</td>
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</tr>
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<tr class="border-b border-gray-200">
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<td class="py-3 px-4 text-gray-700">2024年10月</td>
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<td class="py-3 px-4 text-gray-700">国泰君安→海通证券</td>
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<td class="py-3 px-4 text-gray-700">券商</td>
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<td class="py-3 px-4 text-gray-700">1:0.62（海通折价38%）</td>
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</tr>
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<tr class="border-b border-gray-200">
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<td class="py-3 px-4 text-gray-700">2025年3月</td>
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<td class="py-3 px-4 text-gray-700">湘财股份→大智慧</td>
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<td class="py-3 px-4 text-gray-700">券商+金融科技</td>
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<td class="py-3 px-4 text-gray-700">1:1.27（大智慧溢价30%）</td>
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</tr>
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<tr class="border-b border-gray-200">
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<td class="py-3 px-4 text-gray-700">2025年6月</td>
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<td class="py-3 px-4 text-gray-700">海光信息→中科曙光</td>
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<td class="py-3 px-4 text-gray-700">算力芯片</td>
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<td class="py-3 px-4 text-gray-700">0.5525:1（曙光溢价28%）</td>
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</tr>
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<tr>
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<td class="py-3 px-4 text-gray-700">2025年1月</td>
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<td class="py-3 px-4 text-gray-700">奥瑞金→中粮包装</td>
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<td class="py-3 px-4 text-gray-700">包装</td>
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<td class="py-3 px-4 text-gray-700">未披露（行业整合）</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="bg-gradient-to-r from-indigo-600 to-purple-600 rounded-xl card-shadow p-6 mb-8 text-white">
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<h2 class="text-2xl font-bold mb-4 flex items-center">
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<i class="fas fa-lightbulb mr-3"></i>
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核心观点摘要
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="bg-white bg-opacity-20 rounded-lg p-4">
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<h3 class="font-bold text-lg mb-2">阶段判断</h3>
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<p>2025年换股合并潮已从<strong>政策驱动</strong>进入<strong>市场化整合</strong>阶段，科技、消费、军工等行业龙头通过换股实现<strong>规模扩张+生态协同</strong>。</p>
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</div>
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<div class="bg-white bg-opacity-20 rounded-lg p-4">
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<h3 class="font-bold text-lg mb-2">核心驱动力</h3>
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<p>政策鼓励（"打造航母级企业"）、行业集中度提升需求（如券商CR5仅40%）、技术/渠道互补（如湘财+大智慧流量变现）。</p>
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</div>
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<div class="bg-white bg-opacity-20 rounded-lg p-4">
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<h3 class="font-bold text-lg mb-2">未来潜力</h3>
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<p>预计2025-2027年将延续，<strong>半导体、新能源、消费</strong>或成下一批整合热点。</p>
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</div>
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</div>
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</div>
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<!-- 核心逻辑与市场认知分析 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-brain text-indigo-600 mr-3"></i>
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核心逻辑与市场认知分析
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</h2>
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<div class="mb-6">
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<h3 class="text-xl font-semibold text-gray-800 mb-3">核心驱动力</h3>
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<div class="mb-4">
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<h4 class="font-semibold text-gray-700 mb-2">1. 政策端</h4>
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<ul class="list-disc pl-6 text-gray-700 space-y-1">
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<li>国资委要求"央企专业化整合"，2024年《关于促进证券行业高质量发展意见》明确鼓励券商合并。</li>
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<li><strong>数据</strong>：2024年船舶行业全球市占率中国达60%（合并后目标70%）。</li>
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</ul>
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</div>
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<div class="mb-4">
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<h4 class="font-semibold text-gray-700 mb-2">2. 行业端</h4>
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<ul class="list-disc pl-6 text-gray-700 space-y-1">
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<li><strong>券商</strong>：行业佣金率下滑至<strong>万2.5</strong>，倒逼头部化（国泰君安+海通证券合并后客户数3500万，跃居第一）。</li>
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<li><strong>科技</strong>：海光信息（GPU）合并中科曙光（服务器），形成"芯片+整机"闭环，对标英伟达+Dell模式。</li>
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</ul>
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</div>
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<div>
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<h4 class="font-semibold text-gray-700 mb-2">3. 估值端</h4>
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<p class="text-gray-700">被合并方普遍<strong>PB<1</strong>（海通证券PB 0.7倍），换股溢价吸引中小股东。</p>
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</div>
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</div>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div>
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<h3 class="text-xl font-semibold text-gray-800 mb-3">市场热度与情绪</h3>
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<ul class="list-disc pl-6 text-gray-700 space-y-1">
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<li><strong>新闻热度</strong>：2025年3-6月合并公告后，相关股票复牌<strong>一字涨停</strong>（中科曙光封单168亿元）。</li>
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<li><strong>分歧点</strong>：部分投资者担忧合并后商誉减值（海通证券海外亏损50亿元需一次性计提）。</li>
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</ul>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-gray-800 mb-3">预期差分析</h3>
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<ul class="list-disc pl-6 text-gray-700 space-y-1">
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<li><strong>市场忽略点</strong>：
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<ul class="list-circle pl-6 mt-1 space-y-1">
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<li><strong>中国船舶</strong>：合并仅为起点，后续<strong>沪东中华（LNG船龙头）</strong>等资产注入预期未充分定价。</li>
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<li><strong>湘财股份</strong>：大智慧1000万月活用户转化率被低估（参考东方财富单用户价值379元，潜在增量利润10亿元）。</li>
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</ul>
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</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- 关键催化剂与未来发展路径 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-rocket text-indigo-600 mr-3"></i>
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关键催化剂与未来发展路径
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div>
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<h3 class="text-xl font-semibold text-gray-800 mb-3">近期催化剂（3-6个月）</h3>
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<div class="space-y-3">
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<div class="bg-blue-50 rounded-lg p-4">
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<h4 class="font-semibold text-blue-800 mb-1">政策落地</h4>
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<p class="text-gray-700">2025年Q3《证券业并购细则》或出台，明确换股合并税收优惠。</p>
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</div>
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<div class="bg-purple-50 rounded-lg p-4">
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<h4 class="font-semibold text-purple-800 mb-1">业绩验证</h4>
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<ul class="list-disc pl-5 text-gray-700 space-y-1 mt-2">
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<li>国泰君安合并后Q2财报将首次披露<strong>协同效应</strong>（成本削减5%+投行市占率提升）。</li>
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<li>海光信息合并后<strong>AI服务器订单</strong>（阿里3万颗深算三号芯片交付）。</li>
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</ul>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-gray-800 mb-3">长期路径（2025-2027）</h3>
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<div class="relative pl-8">
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<div class="timeline-line"></div>
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<div class="relative mb-4">
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<div class="timeline-dot bg-green-500"></div>
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<div class="ml-4">
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<h4 class="font-semibold text-gray-800">阶段1（2025）</h4>
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<p class="text-gray-700">央企主导（船舶、券商）</p>
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</div>
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</div>
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<div class="relative mb-4">
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<div class="timeline-dot bg-yellow-500"></div>
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<div class="ml-4">
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<h4 class="font-semibold text-gray-800">阶段2（2026）</h4>
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<p class="text-gray-700">市场化并购（半导体、新能源）</p>
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</div>
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</div>
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<div class="relative">
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<div class="timeline-dot bg-red-500"></div>
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<div class="ml-4">
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<h4 class="font-semibold text-gray-800">阶段3（2027）</h4>
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<p class="text-gray-700">国际化整合（如中船收购韩国船厂）</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 产业链与核心公司深度剖析 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-sitemap text-indigo-600 mr-3"></i>
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产业链与核心公司深度剖析
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</h2>
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<div class="mb-6">
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<h3 class="text-xl font-semibold text-gray-800 mb-3">产业链图谱</h3>
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<div class="bg-gray-100 rounded-lg p-4 text-center">
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<div class="flex flex-col md:flex-row justify-center items-center space-y-2 md:space-y-0 md:space-x-8">
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<div class="bg-blue-100 px-4 py-2 rounded-lg font-semibold text-blue-800">上游：军工/科技资产<br><span class="text-sm font-normal">（沪东中华、中科曙光）</span></div>
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<div class="text-2xl text-gray-500">→</div>
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<div class="bg-purple-100 px-4 py-2 rounded-lg font-semibold text-purple-800">中游：整合平台<br><span class="text-sm font-normal">（中国船舶、国泰君安、海光信息）</span></div>
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<div class="text-2xl text-gray-500">→</div>
|
||
<div class="bg-green-100 px-4 py-2 rounded-lg font-semibold text-green-800">下游：应用场景<br><span class="text-sm font-normal">（LNG船、券商服务、AI算力）</span></div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-800 mb-3">核心玩家对比</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">公司</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">角色</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">优势</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">风险</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国船舶</td>
|
||
<td class="py-3 px-4 text-gray-700">军工整合龙头</td>
|
||
<td class="py-3 px-4 text-gray-700">全球造船市占率22%，LNG船技术突破</td>
|
||
<td class="py-3 px-4 text-gray-700">船价周期见顶风险</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">国泰君安</td>
|
||
<td class="py-3 px-4 text-gray-700">券商航母</td>
|
||
<td class="py-3 px-4 text-gray-700">合并后净资产4800亿，投行第一</td>
|
||
<td class="py-3 px-4 text-gray-700">海通证券商誉减值</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">海光信息</td>
|
||
<td class="py-3 px-4 text-gray-700">算力生态核心</td>
|
||
<td class="py-3 px-4 text-gray-700">GPU业务60倍PE，绑定阿里/政府订单</td>
|
||
<td class="py-3 px-4 text-gray-700">寒武纪等竞品技术追赶</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">流量变现平台</td>
|
||
<td class="py-3 px-4 text-gray-700">大智慧1000万月活，券商牌照稀缺</td>
|
||
<td class="py-3 px-4 text-gray-700">整合不及预期</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-6">
|
||
<h3 class="text-xl font-semibold text-gray-800 mb-3">验证与证伪</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
|
||
<div class="bg-green-50 rounded-lg p-4">
|
||
<h4 class="font-semibold text-green-800 mb-2">数据印证</h4>
|
||
<p class="text-gray-700">中国船舶2024年新接订单<strong>800万载重吨</strong>（同比+50%），验证行业高景气。</p>
|
||
</div>
|
||
<div class="bg-red-50 rounded-lg p-4">
|
||
<h4 class="font-semibold text-red-800 mb-2">矛盾点</h4>
|
||
<p class="text-gray-700">东北证券预测国泰君安合并后市值7000亿（PB 1.6倍），但华泰证券修正为5000亿（PB 1.1倍），<strong>估值分歧显著</strong>。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-indigo-600 mr-3"></i>
|
||
潜在风险与挑战
|
||
</h2>
|
||
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">风险类型</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">具体表现</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">案例</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">技术风险</td>
|
||
<td class="py-3 px-4 text-gray-700">LNG船国产化率仅70%，核心部件依赖进口</td>
|
||
<td class="py-3 px-4 text-gray-700">中国重工亏损7亿（低价订单）</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">商业化风险</td>
|
||
<td class="py-3 px-4 text-gray-700">券商合并后客户流失（网点重叠）</td>
|
||
<td class="py-3 px-4 text-gray-700">国泰君安+海通上海网点重复率30%</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">政策风险</td>
|
||
<td class="py-3 px-4 text-gray-700">反垄断审查（如券商合并后CR5>50%）</td>
|
||
<td class="py-3 px-4 text-gray-700">欧盟曾否决韩国现代+大宇合并</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">信息矛盾</td>
|
||
<td class="py-3 px-4 text-gray-700">海通证券净资产数据差异（2000亿 vs 2800亿）</td>
|
||
<td class="py-3 px-4 text-gray-700">需核查减值计提口径</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="bg-gradient-to-r from-indigo-600 to-purple-600 rounded-xl card-shadow p-6 mb-8 text-white">
|
||
<h2 class="text-2xl font-bold mb-4 flex items-center">
|
||
<i class="fas fa-chart-line mr-3"></i>
|
||
综合结论与投资启示
|
||
</h2>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-3">阶段判断</h3>
|
||
<p class="mb-4">当前处于<strong>主题炒作向基本面驱动过渡期</strong>，合并后协同效应（如中国船舶成本下降10%）将逐步验证。</p>
|
||
</div>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-3">投资方向</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">军工整合</h4>
|
||
<ul class="list-disc pl-5 space-y-1">
|
||
<li>中国船舶（沪东中华注入预期）</li>
|
||
<li>中船防务（华南军船基地）</li>
|
||
</ul>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">券商流量变现</h4>
|
||
<ul class="list-disc pl-5 space-y-1">
|
||
<li>湘财股份（大智慧月活转化）</li>
|
||
<li>东方财富（估值对标）</li>
|
||
</ul>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">科技生态</h4>
|
||
<ul class="list-disc pl-5 space-y-1">
|
||
<li>海光信息（GPU+服务器闭环）</li>
|
||
<li>中科曙光（液冷技术）</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold mb-3">跟踪指标</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">订单数据</h4>
|
||
<p>中国船舶2025年LNG船接单量（目标全球50%）</p>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">用户转化</h4>
|
||
<p>湘财股份合并后Q3新增开户数（需达50万/月）</p>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-bold mb-2">技术落地</h4>
|
||
<p>海光信息深算三号芯片在阿里数据中心的渗透率（当前3万颗→目标10万颗）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-6 bg-red-500 bg-opacity-30 rounded-lg p-4">
|
||
<p class="font-semibold">风险提示</p>
|
||
<p>若2025年Q3合并后业绩不及预期（如海通证券商誉减值超预期），可能引发板块回调。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
|
||
<i class="fas fa-table text-indigo-600 mr-3"></i>
|
||
关联股票数据
|
||
</h2>
|
||
|
||
<!-- 中船合并 -->
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-semibold text-gray-800 mb-4">中船合并(250706)</h3>
|
||
<div class="table-container">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">股票</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">分类</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">业务相关</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">持股比例</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">信息来源</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中船防务</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶工业集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船工业集团持股56.89%；公司为大型综合性海洋与防务装备企业集团，是中国海军华南地区重要的军用舰船生产和保障基地，是国内重要的公务船建造基地</td>
|
||
<td class="py-3 px-4 text-gray-700">56.89%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">公司作为中船工业集团控股企业，聚焦海洋防务装备与公务船建造，符合集团战略定位</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国船舶</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶工业集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船工业集团持股47.23%；公司为国内最大造船产能的上市企业，军民舰船产品谱系持续完善</td>
|
||
<td class="py-3 px-4 text-gray-700">47.23%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">作为中船工业集团旗下核心造船平台，承担军民舰船研发生产任务</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中船科技</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶工业集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船工业集团持股21.25%；公司为中船集团清洁能源领域核心企业（风电）；业务涵盖船舶配套</td>
|
||
<td class="py-3 px-4 text-gray-700">21.25%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">聚焦清洁能源装备研发，与集团新能源战略高度协同</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中船特气</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股69.17%；公司国内电子特种气体领域的骨干力量，部分产品品质已达到国际领先水平，已进入境外集成电路3nm先进制程</td>
|
||
<td class="py-3 px-4 text-gray-700">69.17%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">电子特气技术突破国际先进制程，符合半导体产业链自主可控需求</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国海防</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股62.91%；水声电子是公司的核心业务，产品覆盖水下信息系统、信息探测、信息获取、信息对抗、信息传输等各专业</td>
|
||
<td class="py-3 px-4 text-gray-700">62.91%</td>
|
||
<td class="py-3 px-4 text-gray-700">互动</td>
|
||
<td class="py-3 px-4 text-gray-700">水声电子技术覆盖全链条，支撑海军信息化建设</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">昆船智能</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股60%；公司瞄准"智能制造+智慧物流"的产业方向，服务于烟草、酒业、医药、快速电商、军事军工、汽车、家电、3C等行业</td>
|
||
<td class="py-3 px-4 text-gray-700">60%</td>
|
||
<td class="py-3 px-4 text-gray-700">官网</td>
|
||
<td class="py-3 px-4 text-gray-700">智慧物流系统集成能力突出，服务多领域高端制造</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">久之洋</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股58.25%；公司主营业务包括红外热像仪、激光传感器、光学镜头及光学元件和光学星体跟踪器等业务</td>
|
||
<td class="py-3 px-4 text-gray-700">58.25%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">光电探测技术领先，支撑军工装备升级需求</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中船应急</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股57.49%；公司为中国专业化军工后勤运输投送保障装备（舟桥、机械化桥）领域的国家级高新技术企业</td>
|
||
<td class="py-3 px-4 text-gray-700">57.49%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">军工应急装备技术壁垒高，符合国防动员体系建设需求</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国重工</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股46.31%；公司为海军装备的主要供应商，涵盖海洋防务、深海装备等业务板块</td>
|
||
<td class="py-3 px-4 text-gray-700">46.31%</td>
|
||
<td class="py-3 px-4 text-gray-700">官网</td>
|
||
<td class="py-3 px-4 text-gray-700">海军装备核心总装平台，受益于舰船换装周期</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国动力</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股40.11%；公司为国内海军舰船动力及传动装备的主要研制商和生产商</td>
|
||
<td class="py-3 px-4 text-gray-700">40.11%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">舰船动力系统独家供应商，技术壁垒显著</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中船汉光</td>
|
||
<td class="py-3 px-4 text-gray-700">中国船舶重工集团</td>
|
||
<td class="py-3 px-4 text-gray-700">中船重工集团持股26.89%；公司为国内OPC鼓及墨粉的主要生产企业之一</td>
|
||
<td class="py-3 px-4 text-gray-700">26.89%</td>
|
||
<td class="py-3 px-4 text-gray-700">年报</td>
|
||
<td class="py-3 px-4 text-gray-700">办公耗材领域细分龙头，技术积累深厚</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 湘财合并大智慧 -->
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-semibold text-gray-800 mb-4">湘财合并大智慧(250329)</h3>
|
||
<div class="table-container">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">股票</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">分类</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">项目/持股公司/关联公司/合作方</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">业务相关性/持股比例/实际控制人/合作内容</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">资料来源</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">并购重组</td>
|
||
<td class="py-3 px-4 text-gray-700">拟换股吸收合并大智慧</td>
|
||
<td class="py-3 px-4 text-gray-700">2025年3月31日复牌；3月28日晚公告，拟换股吸收合并大智慧，全面提升综合金融服务能力</td>
|
||
<td class="py-3 px-4 text-gray-700">公告</td>
|
||
<td class="py-3 px-4 text-gray-700">公司计划通过换股吸收合并大智慧以增强综合金融服务能力</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">参股湘财</td>
|
||
<td class="py-3 px-4 text-gray-700">新湖发展</td>
|
||
<td class="py-3 px-4 text-gray-700">合计持有总股本27.82%（直接持有16.24%；通过新湖控股间接持有11.58%）</td>
|
||
<td class="py-3 px-4 text-gray-700">爱企查</td>
|
||
<td class="py-3 px-4 text-gray-700">新湖发展通过直接和间接方式合计持有湘财股份27.82%股权</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">参股湘财</td>
|
||
<td class="py-3 px-4 text-gray-700">华升股份</td>
|
||
<td class="py-3 px-4 text-gray-700">0.37%（1047.52万股）</td>
|
||
<td class="py-3 px-4 text-gray-700">公告</td>
|
||
<td class="py-3 px-4 text-gray-700">华升股份持有湘财股份0.37%股权</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">参股湘财</td>
|
||
<td class="py-3 px-4 text-gray-700">中国长城</td>
|
||
<td class="py-3 px-4 text-gray-700">2024年半年报显示持有湘财股份，期末账面价值1190.16万元</td>
|
||
<td class="py-3 px-4 text-gray-700">公告</td>
|
||
<td class="py-3 px-4 text-gray-700">中国长城在2024年半年报中披露持有湘财股份</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">参股湘财</td>
|
||
<td class="py-3 px-4 text-gray-700">国网英大</td>
|
||
<td class="py-3 px-4 text-gray-700">控股股东国网英大国际控股集团持有湘财股份总股本11.3%</td>
|
||
<td class="py-3 px-4 text-gray-700">公告</td>
|
||
<td class="py-3 px-4 text-gray-700">国网英大国际控股集团直接持有湘财股份11.3%股权</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">浙江系券商</td>
|
||
<td class="py-3 px-4 text-gray-700">财通证券</td>
|
||
<td class="py-3 px-4 text-gray-700">浙江省财政厅</td>
|
||
<td class="py-3 px-4 text-gray-700">爱企查</td>
|
||
<td class="py-3 px-4 text-gray-700">财通证券与湘财股份同属浙江省财政厅控制的券商</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">浙江系券商</td>
|
||
<td class="py-3 px-4 text-gray-700">浙商证券</td>
|
||
<td class="py-3 px-4 text-gray-700">浙江交通投资集团（浙江国资委持股90%）</td>
|
||
<td class="py-3 px-4 text-gray-700">爱企查</td>
|
||
<td class="py-3 px-4 text-gray-700">浙商证券与湘财股份同属浙江省属券商</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">湘财股份</td>
|
||
<td class="py-3 px-4 text-gray-700">战略合作</td>
|
||
<td class="py-3 px-4 text-gray-700">九方智投控股（港股）</td>
|
||
<td class="py-3 px-4 text-gray-700">2024年3月8日，子公司九方智投与湘财股份签署战略合作协议</td>
|
||
<td class="py-3 px-4 text-gray-700">官微</td>
|
||
<td class="py-3 px-4 text-gray-700">双方在2024年3月签署战略合作协议</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 重组-中科院系&海光系 -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-800 mb-4">重组-中科院系&海光系(250525)</h3>
|
||
<div class="table-container">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">股票</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">重组公司/中科曙光持股/中科院持股/产业链/项目/北交所</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">持股比例/项目/产业链</th>
|
||
<th class="py-3 px-4 text-left text-gray-700 font-semibold">原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科曙光</td>
|
||
<td class="py-3 px-4 text-gray-700">重组公司</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股14.68%，为第一大股东</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院为中科曙光第一大股东，公司涉及数据中心液冷技术</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">海光信息</td>
|
||
<td class="py-3 px-4 text-gray-700">重组公司</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光持股27.96%，为第一大股东</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光为海光信息第一大股东，共同布局数据中心液冷领域</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">曙光数创</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光持股</td>
|
||
<td class="py-3 px-4 text-gray-700">62.07%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光控股子公司，专注数据中心液冷技术</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科星图</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光持股</td>
|
||
<td class="py-3 px-4 text-gray-700">15.7%（第二大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光为第二大股东，业务涉及航天测控与数字孪生</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">星图测控</td>
|
||
<td class="py-3 px-4 text-gray-700">中科曙光持股</td>
|
||
<td class="py-3 px-4 text-gray-700">间接持股5.26%</td>
|
||
<td class="py-3 px-4 text-gray-700">中科星图子公司，航天测控与数字仿真业务</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">新致软件</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系持股</td>
|
||
<td class="py-3 px-4 text-gray-700">基于海光深算系列芯片推出AI一体机产品</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系技术路线延伸至AI硬件领域</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国长城</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系持股</td>
|
||
<td class="py-3 px-4 text-gray-700">服务器产品覆盖海光等技术路线</td>
|
||
<td class="py-3 px-4 text-gray-700">海光技术应用于服务器产品</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">禾盛新材</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系持股</td>
|
||
<td class="py-3 px-4 text-gray-700">协同研发适配人工智能计算的芯片</td>
|
||
<td class="py-3 px-4 text-gray-700">与海光合作研发AI计算芯片</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">华宇软件</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系持股</td>
|
||
<td class="py-3 px-4 text-gray-700">联合海光发布万象公文大模型一体机</td>
|
||
<td class="py-3 px-4 text-gray-700">与海光合作开发AI大模型硬件</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">思特奇</td>
|
||
<td class="py-3 px-4 text-gray-700">海光系持股</td>
|
||
<td class="py-3 px-4 text-gray-700">全栈异构资源统一纳管能力，支持x86、ARM架构</td>
|
||
<td class="py-3 px-4 text-gray-700">支持海光等多架构计算资源管理</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中国科传</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">74.4%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院控股的科技出版平台</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">奥普光电</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">长春光机所持股42.4%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">长春光机所控股，涉及光刻机部件</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科环保</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">39.98%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的环保技术企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科信息</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">30.53%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院控股的智能识别技术企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">联泓新科</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">25.27%（第二大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的新材料企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">机器人</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">25.18%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院控股的工业机器人企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">福晶科技</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">20.58%（第一大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的光学材料企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">龙芯中科</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">19.32%（第二大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的芯片设计企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">寒武纪</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">15.73%（第二大股东）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的AI芯片企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科方德</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">14.17%（未上市）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院参股的国产操作系统企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">东方中科</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">12.19%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的测试技术企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">国科恒泰</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">11.4%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的医疗供应链企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科软</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">背景持股</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的软件企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">国盾量子</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">4.43%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的量子技术企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">森远股份</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">3.86%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院参股的公路设备企业</td>
|
||
</tr>
|
||
<tr class="border-b border-gray-200">
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科三环</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院持股</td>
|
||
<td class="py-3 px-4 text-gray-700">0.82%（间接持股）</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的稀土材料企业</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 text-gray-700 font-semibold">中科美菱</td>
|
||
<td class="py-3 px-4 text-gray-700">北交所</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院理化所间接持股20.16%</td>
|
||
<td class="py-3 px-4 text-gray-700">中科院背景的医疗设备企业</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Vanta.js 背景效果 -->
|
||
<script src="https://cdnjs.cloudflare.com/ajax/libs/three.js/r134/three.min.js"></script>
|
||
<script src="https://cdnjs.cloudflare.com/ajax/libs/vanta/0.5.24/vanta.waves.min.js"></script>
|
||
<script>
|
||
VANTA.WAVES({
|
||
el: "#vanta-bg",
|
||
mouseControls: true,
|
||
touchControls: true,
|
||
gyroControls: false,
|
||
minHeight: 200.00,
|
||
minWidth: 200.00,
|
||
scale: 1.00,
|
||
scaleMobile: 1.00,
|
||
color: 0x667eea,
|
||
shininess: 30.00,
|
||
waveHeight: 15.00,
|
||
waveSpeed: 0.75,
|
||
zoom: 0.75
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |