wen | yemacaijing wulijuan zhangkaijing

编辑丨高岩

guxizhinianhaiyaolihun，jiujingtushenme？

shige9geyuehou，shanghaihugong（603131.sh）shikongrenlihunsusonganluochui。7yue12riwanjiandegonggaoxianshi，shikongrenshuhongruihemoulipingshuangfangyijiechuhunyinguanxi，bingjiulihuncaichanfengeshiyizuochuxiangguananpai。shuhongruiyingyu7yue30rizhiqianjiangqichiyoudegongsi3970.75 wangugupiao（zhangongsizonggubende 12.49%）guohuzhimoulipingmingxia。ershuhongruijimoulipingmuqianyijing73sui、72suigaoling。

qunianyilai，agu“tianjialihunan”lvjianbuxian，baokuosanliuling（601360.sh）、bangyanjishu（688132.sh）、guoguanggufen（002749.sz）dengzainei，yiyouchaoshijiashangshigongsifabushikongrenfufuyinlihunchanshengguquanfengedegonggao。qizhongbushaoshiaibankuaideniugu，zheiyedaozhibufenguminyijing“tanlihunsebian”。

shanghaihugongshiguoneiguimozuidadehanjieyuqiegeshebeizhizaoshangzhiyi。erjishichangshang，shanghaihugong3yuezhongshangxungujiayidudadao19.08yuan/gu，jiezhi7yue15rishoupanyijiangzhi12.43yuan/gu，diefuyuewei34%。

“分手费”超5亿元，儿子成控股股东

2023nian10yue18ri，shanghaihugongcengfabugonggao，shuhongruiyingerenyuanyinxiangshanghaishixuhuiqurenminfayuantiqisuqing，yaoqiupanlingqiyumoulipingjiechuhunyinguanxi，bingjinxingcaichanfenge。bishi，shuhongrui、mouliping、shuzhenyuzaishanghaihugongdechigubilifenbiewei21.07%、6.81%he18.43%，sanrenjieshigongsishikongren。

7yue13ri，shanghaihugonggonggaocheng，jingfayuandiaojie，fufuliangshunlidachenglihunsuqiu，shuhongruiyingzai2024 nian7yue30rizhiqianjiangqichiyoudegongsi 3970.75wangugupiaoguohuzhiqianqimingxia。benciquanyibiandonghou，moulipingchiyou6135.85wangugongsigufen，zhangongsizonggubende19.3%。

angonggaori7yue12rishanghaihugongshoupanjia13.38yuanjisuan，shangshugufenjiazhiwei5.3yiyuan。

shanghaihugongbiaoshi，benciquanyibiandongjiangdaozhishuhongruihemoulipingfenbiechiyoudegongsiquanyifashengbiandong，buhuidaozhishijikongzhirenfashengbianhua，dangongsikonggugudongjiangyoushuhongruibiangengweishuzhenyu，shijikongzhirenjiqiyizhixingdongrenhejichigubilibaochibubian。

shuzhenyuxishuhongruiyumoulipingzhizi，2003nian11yuefenjiarushanghaihugongdianhanjizhizaoyouxiangongsi；2011nian10yuefenqizhijindanrenshanghaihugonghanjiejituangufenyouxiangongsidongshi、zongjingli；2021nian6yuefenqidanrengongsidongshizhang、zongjingli。

congquniangonggaolihundaorujindachengxieyi，shanghaihugongdeguminmenyeyizhidouyouzhiyideshengyin。

7yue15ri，shanghaihugongdikaidizou，panzhongyidudieyu8%zhi12.28yuan/gu，gujiachuang4yue24riyilaijin3geyuexindi。

yinfaguminreyidelingwaiyigeyuanyinshishanghaihugongchuangshirendenianling。shuhongruiyuqizimouliping，liangrenjunshiguxigaoling，erzishuzhenyuyeyijing47sui。zaizheigenianjixuanzelihun，bingbuchangjian。

buguo，shishikenengbingmeiyouguminmenxiangxiangchulaideneiyangfuza。

ciqian，shangshigongsidelihunanjian，guminjidong、shenzhifenkaiyushangshigongsishikongrentongguolihunguibijianchixianzhiyouguan，erxianzaiaguyijingchutaijianchixingui，“fenshoufei”buzaineimehaonale。

shangshigongsishikongrendelihun，daduocaiqudeshiyouhaoxieshangdefangshi，shuyu“hepingfenshou”。ershanghaihugongzeshiyinweidezhishuhongruifufushejilihunsusong，caijiangcishigonggaolechulai。

shanghaishenlunlvshishiwusuolvshixiahailongbiaoshi，xieyilihunxuyaoshuangfangtongyi，qieduijiechuhunyinguanxijihunneicaichanfengedengzhongdashixiangwuzhengyi，ruoyifangbutongyilihun，lingyifangzhinengtongguofayuansusongfangshiqingqiufayuanpanjuelihunbingfengegongtongcaichan。

huanyanzhi，shuhongruifufukenengzaishifoulihun、yihuoshicaichanfengefangmianchanshenglebutongdeyijian，zheicaixuyaofayuanchumianjiejuewenti。

erqie，muqianjianguanyijingchutailejianchixingui，jiusuanshishuhongruifufuzhenxiangtongguocijujianchitaoxian，yehuishoudaoyangedexianzhi。

julilaishuo，yigechigu20%degudong，jinxingjianchiqianxuyuxianpilujihua，qiemei3geyuejianchibilibudechaoguo1%。xinguichutaiqian，ruguolihunhouyifangfendao16%，lingyifangfendao4%，bushidagudong，jianchijiubuyongyupilu，yebuyongzhixingeduxianzhi。danxinguichutaihou，liangfangyijiuyaohebingjisuan，yejiushishuo，lihunyufoubingbuhuirangshikongrenfufudejianchixianzhifashengbianhua，kaolihunqujianchiyijingshiquleyiyi。

erqiegenjujianchixingui，shangshigongsicunzaipofa、pojingqingxing，huozuijinsannianweijinxingxianjinfenhong、leijixianjinfenhongjinediyuzuijinsanniannianjunjinglirun30%de，konggugudong、shijikongzhirenbudetongguoerjishichangjianchibengongsigufen。shanghaihugongzhengshifuhetiaojiandegongsizhiyi。

ciwai，zaozai2021nian，shuzhenyujiuyijingjieguoleshanghaihugongdongshizhangzhiwei。qi26suijinrushanghaihugongtixineigongsirenzhi，34suikaishidanrenshangshigongsidongshi、zongjinglizhijin，yufuqinjiebanhaisuanshunli。qijianshanghaihugongyemeiyouchuxianshikongrenjiazuneibuzhengduogongsikongzhiquandejixiang。

shuhongruifufu，kenengqueshishixianglihunle。

上海沪工两年亏1.8亿收购标的业绩变脸

jinnianlai，shanghaihugongyejibingbulixiang，2022nianhe2023nianjinglirunleijikuisunchaoguo1.8yiyuan。

zhideyitideshi，fengbozhongdeshanghaihugong，qunianhaibeishangjiaosuozhiyicunzaicaiwu“daxizao”deqingkuang。

wulunshikuisunhaishibeiwenxun，douyuqi5nianqianshougoudeyijiamingweihangtianhuayudebiaodeyouguan。

2018nian，shanghaihugongcengyixianjinjiadingzengdefangshi，leijichizi5.8yiyuanshougoulehangtianhuayu，pingguzengzhilv981.21%。

hangtianhuayudezigongsihebeichenghangshiwoguohangkonghangtianyuguofangzhuangbeilingbujianzhizaoshang，zhuyeshihangtianjungongxitongzhuangbeideshengchan，shuyushanghaihugonghanjieyewudexiayougongsi。zheibishougouyerangshanghaihugongrujudangshihuoredejungongxingye。erqunian10yueqijian，shanghaihugonggujialianzhang，yeyuhangtianhuayubeihouweixingtongxinbankuaibiaoxianhuoyueyouguan。

shougoutongshi，hangtianhuayuchengnuo2017nian-2020niangongsikoufeijinglirunfenbiebudiyu3000wanyuan、4100wanyuan、5500wanyuan、6700wanyuan。erhangtianhuayuyequeshiduixianlechengnuo，erqiemeiniandoushi“cabian”wancheng，wanchenglvfenbiewei103.33%、102.58%、106.35%、111.58%。

来源：上海沪工公告

raneryejichengnuoqiyiguo，hangtianhuayujinglirunlikekaishidiaotouxiangxia，ji2021nianchuxiantongbixiajianghou，2022nianshenzhiyouyingzhuankui，tongbixiahua107.18%。2023nian，hangtianhuayujinglirunkuisun813.46wanyuan，kuisunchixukuoda。

shanghaihugongdejinglirunyuanbenbingbusuangao，zaishougouhangtianhuayuqianshibuzu7000wanyuandeshuiping。yincizheibishougouduishanghaihugongjinglirundeyingxianghenda，2022nianhangtianhuayuyiwaikuisun，shangyujitijianzhisunshi1.41yiyuan，zhijiedaozhishanghaihugongchuxianshangshihoushoukui。

zaicibeijingxia，shangjiaosuoxiafaxinxipilujianguangongzuohan，yaoqiushanghaihugongshuomingyejichengnuoqiqianhouhangtianhuayuyejidafubianhuadeyuanyinjihelixing。

duicishanghaihugongdehuidashi，zhuyaoshougaoduanzhuangbeipeitaoxingyeshenjiazhengceyuguizediaozhengji2022nianditinggongtingchan、renyuanliudonghewuliushouxianyingxiang。2021nianzhiqian，hangtianhuayudemaolilvyizhibaochizai50%yishang，zhi2022nianjiangdaole28.23%。

zheigejiangfu，shishanghaihugongliechudetongxingyekebigongsizhongzuidade。kejianweilairuguozhengceheguizebugaibian，shanghaihugongshougouhangtianhuayu，weiyejizengsedexiaoguojiangdadazhekou。

2023nianbaozhong，shanghaihugongjieshao，2023nianduihangtianhuayushangyujitijianzhizhunbei9293.5wanyuan，xiangyingjianshaojinglirun9293.5wanyuan，hangtianhuayujingyingyejijishangyujianzhiduigongsi2023niandejinglirunyingxiangzongewei-1.01yiyuan。

chucizhiwai，2018nianqianhoushanghaihugonghaishougouleshenxingjiqirenheaoyujidian，danzheiliangjiagongsishenzhilianyejichengnuodoumeiwancheng。

2022nianhe2023nian，shanghaihugongzichanjianzhisunshifenbiewei1.58yiyuanhe1.03yiyuan，liangnianheji2.61yiyuan。

jinnianyijidu，shanghaihugongshixianyingshou2.21yiyuan，tongbizengzhang8.87%；guimujinglirunwei0.19yiyuan，tongbizengzhang168%。

rujin，tishengshangshigongsiyinglinenglidenanti，jiuliujile“erdai”shuzhenyu。

“创业目标不是赚大钱”，舒宏瑞家族已套现超9亿

shuhongruiyu1951nianchushengzaijiangxi，zaoqiyizhizaidianhanxingyedapin，dangguoguoqidejishuyuan、changzhang。buguo，shuhongruineixinyizhiyouchuangyedemengxiang，yushizai40suihou，tayirancizhibenfushanghaichuangye。

tongguo24niandekaituo，shuhongruijiangshanghaihugongdazaochengleguoneiguimojiaodadehanjieyuqiegeshebeizhizaoshang，chanpinyuanxiaoquanqiu100duogeguojiahediqu。gongsihaicengcanyushibochangguan、aoyunchangguan、xiqidongshu、sanxiashuilishuniu、shanghaicixuanfudengzhongdagongchengjianshe。

“wodechuangyemubiaoconglaibushizhuandaoyidabiqian。”shuhongruicengxiang《jiangxiribao》miaoshuzijideyuanjing，qixiwangnengliuxiayigebainianchanye。

buguo，jinjiniandeshuhongrui，yequeshimeishao“gaoqian”。

windshujuxianshi，2020nian-2022nian，shuhongruiyingerenzijinxuqiudengyuanyinfenbiejianchi456.27wangu、418.81wangu、1357.02wangu。2023nianshangbannian，shuhongruizaicijianchi794.87wangu。

muqian，shuhongruidechigubiliyijingyou2019niandide33.02%xiajiangzhi2023niandi21.07%，qijianleijitaoxiandejinechao5yiyuan。erjiezhi7yue10ri，zuixinchigubiliwei13.11%。

zuijindeyicishi，2024nian5yue22ri，shuhongruijiangchiyoude2531.41wangugongsigufenzhuanrangjishanghaimingxinguangchuqiyeguanliyouxiangongsi，zhangongsizonggubende7.96%，zhuanrangdanjiawei13.88yuan/gu，gufenzhuanrangjiagehejijineweirenminbi3.51yiyuan。

yinci，cong2019nianzhijin，shuhongruitongguojianchi、zhuanrangshanghaihugonggupiaohejitaoxian8.51yiyuan。cicilihunzhihou，shuhongruishouzhongjinjinshengxiabudao 200 wangushanghaihugonggupiao。

ciwai，shuzhenyucengyu2021niantongguojianchitaoxianjin9000wanyuan。qichigu47%deshanghaihugongyuangongchigupingtaisuzhouzhiqiang，2022nianyetongguojianchitaoxianshangyiyuan。

youcitongji，cong2019nianzhijin，shuhongruijiazutaoxianzhishaoyichao9yiyuan。

shuhongrui“gaoqian”detongshi，yemeiwanglezijidejiazu。shanghaihugongshidianxingdejiazuqiye，2016niangongsishangshishi，shuhongruihemouliping、shuzhenyugongjichigu94.19%。

lingju《jinlingwanbao》xiaoxi，chulezijidesankouzhijia，shuhongruiduiqitajiazuchengyuanyeshifenzhaogu。shuhongruidewaishengyudinghui、waishengxifuyuhuichuntongguosiyutouzifenbiechigu28.5wangu、19.5wangu。qizhong，yudinghuishishuhongruimeimeizhizi，muqianweifeidulidongshi；yuhuichunshishuhongruijiejiedeerxi，yeshifeidulidongshi。

rujin，jiazu“erdai”zhubuzhangkonggongsi，zheihuiruheyingxiangshanghaihugongweilaidezouxiangni？

niduishangshigongsipinpinchuxianshikongrenlihunanjianyouhekanfa？pinglunquliaoliaoba！