Finance Associated Press

Hainan Huatie: The subsidiary signed a five-year computing power service agreement of 3.69 billion yuan with Hangzhou X Company

Today's Spotlight

[Youyan Silicon: Plans to acquire about 60% of the shares of High-Frequency (Beijing) Technology Co., Ltd. This transaction is expected to constitute a major asset restructuring].

Youyan Silicon (688432.SH) announced that it intends to acquire about 60% of the equity of High-Frequency (Beijing) Technology Co., Ltd. by paying cash, and the company will achieve a controlling stake in the target company after the completion of the transaction. The target company is an ultrapure water system supplier focusing on the core industries of integrated circuits such as chip manufacturing, and this transaction is in line with the company's development strategy of actively expanding new businesses around integrated circuit-related fields, which will help build new advantages and give new momentum to the company's long-term development, support the company to form a second growth curve around the core industry, and accelerate the company to become a leading domestic and international first-class semiconductor company. The transaction is expected to constitute a major asset restructuring and will not involve the issuance of shares by the company and will not result in a change of control of the company.

[Hainan Huatie: The subsidiary signed a five-year computing power service agreement of 3.69 billion yuan with Hangzhou X Company].

Hainan Huatie (603300.SH) announced that its wholly-owned subsidiary, Hainan Huatie Bumblebee Construction Machinery Equipment Co., Ltd., signed a "Computing Service Agreement" with Hangzhou X Company to provide computing power services for Company X, with a computing power service period of 5 years and an estimated total contract amount of 3.69 billion yuan (including tax). This contract is a computing power service contract, with a long contract performance period, and is expected to generate an average annual operating income of about 700 million yuan.

[2 Connected Plate Highly Co., Ltd.: Highly has sales of cooling systems for lithography machines, and the scale of the business is small].

Highly (600619.SH) issued an announcement on abnormal fluctuations in stock trading, saying that the company's holding subsidiary, Highly Refrigeration, has sales of cooling systems for lithography machines, and the business scale is small, and the annual sales in the past three years account for less than 0.003% of the annual operating income of Highly shares.

[2 Lianban Huarong shares: the application of the company's robot products in the Angong intelligent business is still in its infancy].

Huarong shares (603855.SH) issued an announcement on abnormal fluctuations in stock trading, saying that the company has noticed that the market has recently paid more attention to the concept of humanoid robots. Based on the advantages of resource complementarity and technical synergy with a robot manufacturer, the two sides cooperated to develop industrial execution robots instead of humanoid robots, aiming to enhance the competitive advantage of Angong intelligent system solutions through this industrial robot product and accelerate the company's intelligent transformation process. At present, the application of the robot product in the Angong intelligent business is still in its infancy, and it is recommended that the market look at it rationally.

[ST Haoyuan: Apply for the cancellation of other risk warnings for the company's shares].

ST Haoyuan (002700.SZ) announced that the company has solved the problem of non-operating capital occupation of the original controlling shareholder and its affiliates, the internal control defects have been rectified, and the administrative penalties involving capital occupation violations have been implemented. The Company meets the conditions for applying for the withdrawal of other risk warnings and has submitted an application to the Shenzhen Stock Exchange. However, the application is subject to the approval of the Shenzhen Stock Exchange, and there is uncertainty.

[Oriental Group: The company has the risk of forced delisting in a major violation of the law].

Oriental Group (600811.SH) announced that the company's stock trading on February 28, March 3, and March 4, 2025 has deviated from the daily closing price by more than 20% in three consecutive trading days, which is an abnormal fluctuation in stock trading according to the "Shanghai Stock Exchange Trading Rules". The company has the risk of being forced to delist due to material violations. The company has been investigated by the China Securities Regulatory Commission. According to the progress of the phased investigation released by the China Securities Regulatory Commission, it has been preliminarily ascertained that the financial information disclosed by Oriental Group from 2020 to 2023 is seriously untrue, suspected of major financial fraud, and may touch the situation of forced delisting in violation of major laws. In addition, the company does not meet the conditions for reorganization, and is at risk of being forced to delist due to being investigated and having major violations. The company has not been able to return the 629 million yuan of raised funds on time.

[Kweichow Moutai: It has spent 1.2 billion yuan to repurchase 822,200 shares].

Kweichow Moutai (600519.SH) announced that as of the end of February 2025, the company has repurchased a total of 822,200 shares, accounting for 0.0655% of the company's total share capital, with the highest purchase price of 1,507.41 yuan per share and the lowest price of 1,417.01 yuan per share, and the total amount paid is 1.2 billion yuan (excluding transaction costs).

[Guanghong Technology: plans to acquire 100% equity of AC company and 0.003% equity of TIS company for 733 million yuan].

Guanghong Technology (300735.SZ) announced that the company plans to purchase 100% of the shares of AC and 0.003% of the shares of TIS from two counterparties, including Hiwinglux S.A. and IEE International Electronics &Engineering S.A., in cash, with a purchase price of 733 million yuan. AC is mainly engaged in electronic manufacturing services, and its main customers are in Europe, America, Africa and other places. Upon completion of the transaction, the Company will control 100% of the equity interest in AC and its controlling subsidiary, TIS. The transaction is expected to constitute a major asset restructuring.

[Chunhui Intelligent Control: It is planned to purchase the control of Chunhui Instrument, and the stock will be suspended from tomorrow].

Chunhui Intelligent Control (300943.SZ) announced that the company is planning to purchase assets by issuing shares and paying cash. The company intends to purchase the control of Zhejiang Chunhui Instrument Co., Ltd. (hereinafter referred to as "Chunhui Instrument") by issuing shares and paying cash, and this transaction will not lead to a change in the actual controller of the company. Due to the uncertainty of relevant matters, the company's shares will be suspended from the market open on March 5, 2025.

[Berry Gene: At present, the company's AI-related business and products have not had a significant impact on the company's overall performance].

Berry Gene (000710.SZ) announced that the company's shares on March 3, 2025 and March 4, 2025 for two consecutive trading days The deviation from the closing price has exceeded 20%, which is an abnormal fluctuation in stock trading. The company has noticed that the market has recently paid more attention to the concept of AI medical care. The company's main business is still based on reagent and equipment sales, medical testing services, and basic scientific research services, and AI technology has not yet become a core business component, nor has it generated direct revenue, and the related AI services that have been formed are currently used by customers as an added value part of the overall business. Among the intelligent products, the two self-developed intelligent platforms that have been put into use, the CNVisi intelligent interpretation report system and the WESisi platform were released in mid-2020 and the end of 2022 respectively, and the platform is still gradually improving. The WESisi platform has helped hospitals build a comprehensive management system for the localization of genetic diseases, and has served 9 medical institutions. At present, the company's AI-related business and products have not yet had a significant impact on the company's overall performance, and there are still many uncertainties about its potential impact on the company's future performance, and a mature business model and stable profit system have not yet been formed.

Private placement & financing & repurchase

[Xineng Technology: The controlling shareholder intends to increase the company's shares by 50 million yuan to 100 million yuan].

Xineng Technology (603105.SH) announced that Zhengda Warp Knitting, one of the controlling shareholders and actual controllers, plans to increase its holdings of the company's A shares through centralized bidding transactions. Since the proportion of shares held by Zhengda Warp Knitting and its concerted actors before the implementation of the shareholding increase plan was between 30% and 50%, the total shareholding increase ratio will not exceed 2% within 12 months; Under the premise of guaranteeing this, the total amount of this increase is not less than 50 million yuan (including the number) and not more than 100 million yuan (including the number). The funds for the proposed increase in shares come from the special loan provided by the Zhejiang Branch of Industrial and Commercial Bank of China Co., Ltd. to Zhengda Warp Knitting and Zhengda Warp Knitting's own funds. Recently, the Industrial and Commercial Bank of China (ICBC) issued a "Loan Commitment Letter" to Zhengda Warp Editor, agreeing to provide special loan support for Zhengda Warp Editor to increase its holdings of the Company's A shares, with a maximum loan amount of no more than 80 million yuan, and the validity period of the commitment letter is one year from the date of issuance.

Winning & Approved

[Gan Consulting: Subsidiary won the bid for the modernization project of Jingdian Irrigation District in Gansu Province].

Gan Consulting (000779.SZ) announced that the company's wholly-owned subsidiary, Gansu Provincial Water Conservancy and Hydropower Survey, Design and Research Institute Co., Ltd., recently won the bid for the preliminary design stage of the Gansu Jingdian Irrigation Area Modernization Project, with an estimated investment of 6.45 billion yuan.

[Zhonglan Environmental Protection: Pre-won the bid for the 167 million yuan domestic waste landfill ecological treatment project].

Zhonglan Environmental Protection (300854.SZ) announced that the company was the first winning candidate for the "Yuheng Domestic Waste Landfill Ecological Treatment Project in Yulin High-tech Zone", with a total bid price of about 166.7117 million yuan. The project is the company's main business, which is expected to have a positive impact on the company's subsequent market development and have a positive effect on the company's operating performance in the relevant construction years.

[Hongrun Construction: The subsidiary won the bid for EPC general contracting of 248 million yuan energy storage project].

Hongrun Construction (002062.SZ) announced that Anhui Tezhu Electric Power Engineering Co., Ltd., a subsidiary of the company, received a notice of winning the bid, and the EPC general contracting of Jiangsu Huiran user-side energy storage project was contracted by the consortium with a winning bid price of 247.9799 million yuan. The winning bid price of the project accounts for 3.86% of the company's operating income in 2023, and has no significant impact on the company's financial position and operating results in 2025 and the future.

[Fosun Pharma: Holding subsidiary obtained clinical trial approval for 24-valent pneumococcal polysaccharide conjugate vaccine].

Fosun Pharma (600196.SH) announced that Fosun Antekin, a subsidiary of the company, received clinical trial approval from the State Food and Drug Administration for a 24-valent pneumococcal polysaccharide conjugate vaccine. The vaccine is a prophylactic biological product independently developed by the Group and is intended to be used for the prevention of infectious diseases caused by pneumococcal serotypes. Fosun Antkin intends to carry out phase I clinical trials of the vaccine in China when conditions are met. As of January 2025, the Group's cumulative R&D investment in the vaccine was approximately RMB44 million. According to the current approval requirements for vaccine products in China, the vaccine needs to complete relevant clinical trials, pass GMP compliance inspections and on-site registration inspections at production facilities, and obtain marketing registration approval before it can be marketed.

[Yitong Century: Won the bid for the 228 million yuan China Mobile centralized procurement project].

Yitong Century (300310.SZ) announced that the company became the winning candidate for 4 bids of the project, with a total of 228 million yuan (including tax) in the entire service cycle. The winning provinces include Guangdong, Hainan, Liaoning and Sichuan. The company has not yet received the notice of winning the bid, and there is uncertainty as to whether the contract can be finally signed. The total amount of this project is subject to the duly signed contract, and there may be situations where the final total amount is less than the estimate.

Underweight & Overweight

[Maixinlin: shareholders plan to reduce their holdings of no more than 2% of the company's shares in total].

Maixinlin (688685.SH) announced that the shareholder Yili Suxin and its concerted action Daofeng Investment planned to reduce their holdings by a total of 2,908,500 shares, not exceeding 2% of the company's share capital, due to their own business needs.

[Hoymiles shares: the controlling shareholder intends to increase the company's shares by 112 million yuan to 223 million yuan].

Hoymiles (688032.SH) announced that the company's controlling shareholder, Hangkai Group, intends to increase its holdings of the company's shares within 6 months from the date of disclosure of the announcement with special loans for stock holdings and its own funds through the methods permitted by the Shanghai Stock Exchange (including but not limited to centralized bidding transactions, block transactions, etc.). The amount of increase is not less than 111.5 million yuan, not more than 223 million yuan, the increase plan does not set the price range, Hangkai Group will be based on the overall market trend and reasonable judgment of the company's value, in the implementation period of the opportunity to implement the increase plan. China CITIC Bank Hangzhou Branch promised to provide a special loan of no more than 200 million yuan for Hangzhou Kai Group, with a loan term of 3 years.

[Liberal arts shares: Zeguang Investment intends to reduce its holdings of no more than 1.6% of the company's shares].

Wenke Co., Ltd. (002775.SZ) announced that Shenzhen Zeguang Investment Co., Ltd. (hereinafter referred to as "Zeguang Investment"), a 3.12% shareholder, intends to reduce its holdings of the company's shares by no more than 9,653,700 shares (accounting for 1.6% of the company's total share capital) by centralized bidding or block trading.

Transfers & Acquisitions & Investments

[Sichuan Road and Bridge: Subordinate construction enterprises participate in the investment in the Panzhihua-Yanyuan Expressway Project].

Sichuan Road and Bridge (600039.SH) announced that the company's subordinate construction enterprises Road and Bridge Group, Communications Construction Group, and East China Company plan to jointly form a consortium with Sichuan High Company and High Road Information to participate in the bidding of investors in the Panzhihua-Yanyuan Expressway project, and Sichuan High Company will serve as the leader of the consortium. The total investment of the project is 34.957 billion yuan, and the proportion of self-financing principal of the project is 20.2%, about 7.061 billion yuan. The company's shareholding ratio is 5%, of which Road and Bridge Group, Communications Construction Group and East China Company hold 2%, 2% and 1% respectively, and a total of about 353 million yuan of project capital is required.

[Jinghua New Materials: It is planned to invest 300 million yuan to build a production and R&D center project for electronic-grade high-end adhesive new materials].

Jinghua New Materials (603683.SH) announced that Kunshan Jinghua Xingye Electronic Materials Co., Ltd. (hereinafter referred to as "Kunshan Jinghua"), a wholly-owned subsidiary of the company, and the Management Committee of Kunshan Economic and Technological Development Zone plan to sign an "investment agreement" to invest 300 million yuan to invest in the construction of an electronic-grade high-end adhesive new material production and R&D center project in Kunshan Development Zone. The total planned land area of the project is 24 acres, mainly engaged in the research and development and production of various electronic grade viscose new material products.

[Jiabiyou: plans to purchase 63.2134% of the equity of OKX Biotech at a transaction price of 831 million yuan].

Jiabiyou (688089.SH) announced that it intends to purchase 63.2134% of the equity of OKX Biotechnology from 13 counterparties including Wang Shuwei and Dong Dong by issuing shares and paying cash, and raise matching funds at a transaction price of 830 million yuan.

[Aerospace Electric: It is planned to acquire 32.7% of the shares of Jiangsu Aolei for 56.9333 million yuan].

Aerospace Electric (002025.SZ) announced that the company intends to acquire 32.7023% of the shares of Jiangsu Aolei Optoelectronics Co., Ltd. (hereinafter referred to as "Jiangsu Aolei") held by China Aolei Group Co., Ltd. for 56.9333 million yuan. After the completion of the equity acquisition, the company holds 96.5370% of the equity of Jiangsu Aolei, and Zhenjiang Runqiao Investment Partnership (Limited Partnership), the original shareholder of Jiangsu Aolei, holds 3.4630% of the equity of Jiangsu Aolei. In 2016, after Aerospace Electric invested in Jiangsu Ore, it gradually mastered the core technology of optical module products in the field of defense, and made market breakthroughs, and product orders continued to increase. After the completion of this acquisition, the company will be able to more efficiently implement the industrial planning layout and continue to carry out internal resource integration, enhance the market competitiveness of the company's system integration and interconnection integrated solutions, and promote the high-quality development of optoelectronic business.

[Vertex Software: It is planned to transfer 20% of the equity of Shanghai Beifa for 31.4987 million yuan].

Vertex Software (603383.SH) announced that the company intends to transfer 20% of the equity of its shareholding company Shanghai Beifa Information Technology Co., Ltd. to Fuzhou Apex Electronics Co., Ltd., which is controlled by Yan Mengyu, the actual controller. The transfer price was based on the appraisal price, and the two parties negotiated and determined it to be 31.4987 million yuan. This transaction constitutes a connected transaction and does not constitute a material asset restructuring.

[Panjiang Co., Ltd.: A wholly-owned subsidiary plans to invest 6.67 billion yuan to build Guizhou Energy Puding Power Plant Project].

Panjiang Co., Ltd. (600395.SH) announced that Panjiang (Puding) Power Generation Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 6.67 billion yuan to build the Guizhou Energy Puding Power Plant Project, which will include 2×660MW high-efficiency secondary reheat ultra-supercritical coal-fired power generation units, and simultaneous construction of flue gas dust removal, desulfurization, denitrification devices and other supporting projects. The investment matters still need to be submitted to the general meeting of shareholders of the company for deliberation, which is not a related party transaction and does not constitute a major asset restructuring.

[Sinan Navigation: Signed a major contract of 145 million yuan].

Sinan Navigation (688592.SH) announced that the company signed the "Procurement Contract" with 45 procurement units including the Gansu Provincial Meteorological Information and Technical Equipment Support Center, with a total contract amount of 145 million yuan (tax included). The contract includes the sale of integrated water vapor ionospheric detection equipment, the provision of GNSS/MET water vapor observation station construction services, and the subsequent 8-year warranty/maintenance service from the day after the completion of acceptance. Delivery within 165 days of the signing of the contract is expected to have a positive impact on the company's operating results from 2025 to 2026.

Business & Performance

[Changan Automobile: February sales were 161,400 units, a year-on-year increase of 5.72%].

Changan Automobile (000625.SZ) announced that its sales in February 2025 will be 161,400 units, a year-on-year increase of 5.72%. The cumulative sales from January to February were 437,100 units, a year-on-year increase of 0.94%.

[Huifa Food: 2024 annual performance forecast correction with an estimated loss of 13 million yuan to 18 million yuan].

Huifa Food (603536.SH) announced that after communicating with the auditor, the company corrected the 2024 annual performance forecast, and it is expected that the net profit attributable to shareholders of listed companies in 2024 will be -18 million yuan to -13 million yuan, a decrease of 20.5159 million yuan to 25.5159 million yuan compared with the same period last year, a year-on-year decrease of about 272.97%-339.49%. The previous forecast for 2024 net profit is 2.6 million yuan to 3.7 million yuan. The main reason for the correction of the performance forecast is that the company signed the "Project Cooperation Agreement" with the partner, but due to the failure to reach an agreement on the cooperation model during the project development, the partner did not allocate operating expenses, resulting in the inability to continue to perform the original agreement. The company will write off the above gains, resulting in the need for adjustment of the 2024 annual results.

Miscellaneous

[Caesars Tourism: Carry out shareholder feedback activities].

Caesars Tourism (000796.SZ) announced that in order to thank shareholders for their support, the company will carry out the "Caesars Tourism Shareholder Feedback" activity. The event will be held from 18:00 on March 4, 2025 to 24:00 on March 15, 2025. The range of shareholders participating in the event is shareholders holding shares of the Company as of February 21, 2025. The content of the activity is that eligible shareholders can scan the QR code through WeChat to conduct shareholder certification and receive coupons, which can be used to deduct the purchase of the company's "Aida Modu" cruise tourism products on April 6, 2025. The activity is not a profit distribution, and the non-use of coupons does not affect the rights of shareholders.

[Ankai Micro: Launched a new generation of low-power Bluetooth chip AK1080 series].

Ankai Micro (688620.SH) announced that the company recently launched the Internet of Things Bluetooth audio chip AK1080 series, which is the fifth generation of Bluetooth chips, using 22nm process and built-in 32-bit RISC-V core. The AK1080 series has the characteristics of low power consumption, support for classic Bluetooth and BLE dual-mode, high-quality audio, and good compatibility, and can be applied to scenarios such as smart headphones, smart helmets, and Bluetooth dual-mode transparent transmission. In addition, the company also released the AnyBlue1080 system platform product development kit and solution. This new product helps the company strengthen its industry position in the field of IoT Bluetooth audio, but it is still in the market introduction period, and there is a risk that the marketing and customer development progress will not be as expected.

[Aiwei Electronics: self-developed 4×80W automotive-grade digital audio power amplifier products have been successfully mass-produced].

Aiwei Electronics (688798.SH) announced that the company's self-developed 4×80W automotive-grade digital audio power amplifier products, 15V flagship digital audio power amplifier products, medium-power digital audio power amplifier products and vehicle-grade atmosphere lamp driver chip products have been successfully mass-produced. Collection

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