胜通能源股份有限公司：七腾机器人有限公司发起部分要约收购—第二次提示性公告详解
要约收购核心内容
- 收购方：七腾机器人有限公司（简称“七腾机器人”）
- 标的公司：胜通能源股份有限公司（简称“胜通能源”）
- 要约收购股份数量：42,336,000 股，占总股本的 15.00%
- 要约价格：13.28 元/股
- 要约收购期限：2026 年 4 月 28 日至 2026 年 5 月 27 日
- 申报代码：990093
对投资者与股东的重要提示
- 要约价格大幅低于市场价： 截至2026年5月13日，公司收盘价为53.76元/股，远高于要约价格13.28元/股。若投资者接受要约，等于以明显低于市场价的价格出售股份，将产生较大损失。
- 要约收购为主动行为： 本次要约收购属于收购人主动行为，不是履行法定要约收购义务，且不以终止公司上市地位为目的。若因收购导致上市公司股权分布不符合上市条件，收购人将协调解决以维持上市地位。
- 资金来源及履约保障： 本次要约收购最高资金需求为5.622亿元，收购人已存入20%（约1.124亿元）作为履约保证金。资金来源均为自有或自筹资金，包括与多家银行签署银团并购贷款合同，贷款额度6.818亿元，期限10年，利率为5年期LPR减50基点。拟以收购的15%股份作为质押担保，朱冬提供连带责任保证。
- 要约申报与撤回流程： 投资者可在要约期内通过深交所交易系统申报。申报当日可撤销，非当日申报在最后三个交易日内不可撤销。已申报的股份将由中登公司深圳分公司临时保管，期间不得转让、质押、转托管。
- 最新要约进展： 截至2026年5月12日，净预受要约户数6户，预受要约股份总数41,924,124股，占总股本99.027%（指本次要约股份数），占公司总股本14.8541%。若全部成交，收购方将获得接近目标上限的股份。
- 资金与股份结算细节： 要约期满，收购人将足额划入收购资金，完成股份转让与资金划转后，及时公告收购结果。
- 可能风险： 若要约完成后股权分布不符合上市条件，公司有退市风险，收购人承诺协调解决，但投资者需高度风险意识。
操作流程及注意事项
- 申报数量不得超过股东账户内无质押、无冻结、无权利限制的股份数量。
- 预受要约股份如被质押或司法冻结，证券公司应协助撤回相关申报。
- 申报、撤回均须通过证券公司及深交所交易系统办理，具体流程详见公司公告。
- 出现竞争要约时，原已申报股份需撤回后方可再次申报预受新要约。
- 余股处理、资金划转、股份划转均依照中登公司相关规则执行。
对股价的潜在影响
- 要约价格远低于市场价： 若有大量股东接受要约，可能表明市场对公司未来信心不足，但当前市场价与要约价价差巨大，预计大部分理性投资者不会接受，短期内影响有限。但若后续收购方通过其他方式增持股份，可能影响公司控制权及未来经营决策，值得持续关注。
- 资金安排及质押： 收购方大额贷款及质押股份安排，显示其收购意愿强烈，若后续杠杆高企或质押风险暴露，或对公司股价产生负面影响。
- 退市风险提示： 若股权分布不达标导致退市，属于极端情况，但投资者需警惕相关风险。
更多信息获取
投资者可于2026年4月27日登录巨潮资讯网（www.cninfo.com.cn）查阅《胜通能源股份有限公司要约收购报告书》及相关公告，获取更多细节。
免责声明
本文仅为信息解读，不构成投资建议。投资者操作前请充分了解风险，理性判断。文中内容如有变动，请以公司最新公告为准。
Shengtong Energy: Qiteng Robotics Launches Partial Tender Offer—In-Depth Analysis for Investors
Key Details of the Tender Offer
- Acquirer: Qiteng Robotics Co., Ltd. (“Qiteng Robotics”)
- Target: Shengtong Energy Co., Ltd. (“Shengtong Energy”)
- Number of Shares to Be Acquired: 42,336,000 shares, representing 15.00% of total share capital
- Offer Price: RMB 13.28 per share
- Offer Period: April 28, 2026 – May 27, 2026
- Application Code: 990093
Important Information for Shareholders and Price-Sensitive Points
- Offer Price Significantly Below Market Price: As of May 13, 2026, the company’s closing price was RMB 53.76 per share, far exceeding the offer price of RMB 13.28. Investors accepting the tender will sell at a much lower price, incurring substantial losses.
- This Is a Voluntary Tender: The tender offer is a voluntary move by the acquirer, not a statutory obligation, and is not intended to delist the company. If post-offer shareholding structure fails listing requirements, the acquirer will coordinate to resolve, aiming to maintain listing status.
- Funding and Performance Guarantee: The maximum funds required for this offer are RMB 562.22 million. The acquirer has deposited 20% (approx. RMB 112.44 million) as a performance bond. Funding is from own and raised funds, including a syndicated M&A loan of RMB 681.8 million with major banks, 10-year term, interest rate based on 5-year LPR minus 50 basis points. The acquired 15% equity will be pledged as collateral, with joint liability guarantee from Zhu Dong.
- Tender Application & Withdrawal Process: Investors can apply via Shenzhen Stock Exchange during the offer period. Applications can be withdrawn on the same day; prior applications cannot be withdrawn in the last three trading days. Applied shares are held in escrow and cannot be transferred or pledged.
- Latest Progress: As of May 12, 2026, there were 6 net households accepting the offer, with a total of 41,924,124 shares tendered, accounting for 99.027% (of the offer shares), or 14.8541% of total share capital. If all are transacted, the acquirer will reach the upper limit of the offer.
- Settlement Details: After the offer period, funds will be transferred, shares confirmed, and results announced promptly.
- Potential Risks: If post-offer shareholding fails listing requirements, the company faces delisting risk. Although the acquirer promises to coordinate solutions, investors must be aware of this risk.
Operational Procedures and Precautions
- The number of shares applied for must not exceed those without pledge, freeze, or restrictions.
- If pledged or frozen, brokers must assist withdrawal of those applications.
- All applications and withdrawals must go via brokers and the Shenzhen Stock Exchange system; see company announcements for details.
- In case of a competing offer, previously tendered shares must be withdrawn before re-tendering.
- Odd-lot, fund transfer, and share transfer all follow CSDC rules.
Potential Impact on Share Price
- Offer Price Far Below Market Price: If many shareholders accept, it may signal weak confidence in the company, but given the huge price gap, most rational investors are unlikely to tender. Short-term impact may be limited. However, if the acquirer increases holdings via other means, potential changes in control and management could affect future share price.
- Funding and Pledge Arrangements: The acquirer’s large loans and pledge arrangements signal strong acquisition intent. High leverage or pledge risk exposure in the future could negatively affect share price.
- Delisting Risk: If shareholding structure fails requirements, extreme case of delisting exists, but acquirer promises to coordinate solutions. Investors should remain vigilant.
More Information
Investors can visit cninfo.com.cn for the full “Shengtong Energy Tender Offer Report” published on April 27, 2026, for further details.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Please fully understand the risks and make rational judgments before acting. If any information changes, please refer to the latest company announcements.
