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Oriental Wealth: Net profit in 2024 will be 9.61 billion yuan, a year-on-year increase of 17.29

Today's Spotlight

[CATL: net profit in 2024 increased by 15.01% year-on-year, and cash dividends of 45.53 yuan per 10 shares].

CATL (300750.SZ) released its annual report, and the company's operating income in 2024 will be 362.013 billion yuan, a year-on-year decrease of 9.70%; net profit attributable to shareholders of listed companies was 50.745 billion yuan, a year-on-year increase of 15.01%. The company plans to distribute a cash dividend of 45.53 yuan (tax included) to all shareholders for every 10 shares.

[Oriental Wealth: net profit of 9.61 billion yuan in 2024, a year-on-year increase of 17.29%].

Oriental Fortune (300059.SZ) disclosed its 2024 annual report, and the company achieved a total operating income of 11.604 billion yuan in 2024, a year-on-year increase of 4.72%; net profit attributable to shareholders of listed companies was 9.610 billion yuan, a year-on-year increase of 17.29%. The company intends to distribute a cash dividend of 0.60 yuan (tax included) to all shareholders for every 10 shares. Benefiting from the significant year-on-year increase in the income of securities proprietary fixed income business, the company realized investment income and fair value change income (excluding total operating income) of 3.371 billion yuan, a year-on-year increase of 50.79%.

[CATL: It is planned to use no more than 40 billion yuan of its own idle funds for entrusted financial management].

CATL (300750.SZ) announced that the company and its holding subsidiaries plan to use no more than 40 billion yuan of their own idle funds for entrusted financial management.

[*ST Pharmaceutical: The company's shares will be terminated from listing and delisted on March 21].

*ST Pharmaceutical (603963.SH) announced that the company received the "Decision on the Termination of the Listing of Dali Pharmaceutical Co., Ltd." issued by the Shanghai Stock Exchange on March 14, 2025, and the Shanghai Stock Exchange decided to terminate the listing of the company's shares. The company's shares will not enter the delisting period, and the date of termination of listing and delisting is March 21, 2025. The company will be transferred to the national small and medium-sized enterprise share transfer system, relying on the sponsoring brokerage agency share transfer system to establish and manage the two network companies and delisted companies on behalf of the listed company.

[Ping An Bank: Net profit in 2024 will decrease by 4.2% year-on-year].

Ping An Bank (000001.SZ) announced that it will achieve a net profit of 44.508 billion yuan in 2024, a year-on-year decrease of 4.2%. At the end of 2024, the total assets amounted to RMB5,769.270 billion, an increase of 3.3% from the end of the previous year. The non-performing loan ratio was 1.06%, unchanged from the end of the previous year. In the end of 2024, a cash dividend of RMB3.62 will be distributed for every 10 shares.

[Desay SV: It is planned to carry out no more than 4.5 billion yuan of financial derivatives investment business].

Desay SV (002920.SZ) announced that in order to avoid foreign exchange market risks and reduce foreign exchange settlement costs, the company plans to carry out financial derivatives investment business, with a contract volume of no more than RMB 4.5 billion. The business can be used on a rolling basis within 12 months from the date of approval by the board of directors, and the total contract volume of derivatives transactions carried out at any point in time shall not exceed the aforesaid amount. The company has passed the relevant proposals and feasibility analysis reports, and authorized the chief financial officer to exercise the relevant investment decision-making power within the specified quota.

[Jiaozuo Wanfang: Plans to acquire 100% of the shares of Sanmenxia Aluminum and resume trading].

Jiaozuo Wanfang (000612.SZ) announced that the company intends to purchase 100% of the shares of Sanmenxia Aluminum held by Jinjiang Group and other counterparties by issuing shares, and raise matching funds. As of the date of signing the plan, the audit, evaluation and due diligence work related to this transaction have not been completed, and the transaction price of the underlying assets has not yet been finalized. After the completion of this transaction, the target company will become a wholly-owned subsidiary of the listed company, and the business layout of the aluminum industry of the listed company will expand upstream, forming a complete aluminum-based material industry chain of "alumina-electrolytic aluminum-aluminum processing", further enhancing industrial synergies, forming a strong industrial cluster, and building a world-leading leading aluminum-based material enterprise with strong resource security, complete industrial elements, green, clean and low-carbon. The company's shares will resume trading from the market open on March 17.

[Oriental Group: The company's shares may have the risk of termination of listing due to the stock price being less than 1 yuan].

Oriental Group (600811.SH) announced that the closing price of the company's shares on March 14, 2025 was 0.92 yuan per share, less than 1 yuan. According to the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, if the daily closing price of the stock is less than 1 yuan for 20 consecutive trading days, the company's shares may be terminated from trading on the Shanghai Stock Exchange. In addition, the company is expected to touch the situation of forced delisting in a material violation of the law, and the financial information disclosed by the company from 2020 to 2023 is seriously untrue due to suspected material financial fraud. At the same time, there is a risk that the company does not meet the conditions for reorganization, because it has been investigated and there is a risk of forced delisting due to major violations. 、

[Deep-water Haina: Marine engineering intelligent equipment and other businesses related to the water environment account for a very low proportion of the company's main business income].

300961.SZ The company noted that the concept of "deep-sea technology" has attracted great attention from the market recently, and the company has verified and explained as follows: The company and Shenzhen Kaihong Digital Industry Development Co., Ltd. and Shenzhen Haina Chuangzhan Technology Co., Ltd. established a joint venture company, Hua Hon Haina Digital Industry (Shenzhen) Co., Ltd., on March 15, 2024, to jointly promote the construction of an open source Hongmeng ecology of environmental protection, water affairs, water conservancy, marine and related municipal facilities. Accelerate the company's digital layout and development in the field of smart governance of the ecological environment and smart water operation and management. In addition, the company and Jiangsu JCDECAUX IoT Technology Co., Ltd. jointly invested in the establishment of a holding subsidiary, Nantong Haina Intelligent IoT Technology Co., Ltd., on May 31, 2023, which is mainly engaged in the research and development, manufacturing, and sales of marine engineering intelligent equipment, marine environmental monitoring and detection equipment, intelligent robots, and intelligent instrumentation related to the water environment. At present, the business in this field accounts for a very low proportion of the company's main business revenue and will not have a significant impact on the company's performance.

[Huluwa: Ordered to correct due to inaccurate information disclosure in the 2023 annual report].

Huluwa (605199.SH) announced that the company received the "Decision on Administrative Supervision Measures" issued by the Hainan Securities Regulatory Bureau on March 14, 2025. The decision pointed out that the company's 2023 annual report on the disclosure of operating income, profits and other financial information was inaccurate, and the Hainan Securities Regulatory Bureau decided to take administrative supervision measures against the company to order corrections, and recorded the relevant violations in the capital market integrity file database.

[Wonders: The actual controller plans for matters that may lead to a change of control of the company, and the stock is suspended].

Wonders (688178.SH) announced that the actual controller of the company is planning a major event, which may lead to a change of control of the company. In order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company's shares will be suspended from March 17, 2025, and the suspension time is expected to be no more than 2 trading days.

[Xinxiangwei: plans to purchase 100% of the shares of Aixiesheng and resume trading next Monday].

Xinxiangwei (688593.SH) announced that the company intends to purchase 100% of the equity of Shenzhen Aixiesheng Technology Co., Ltd. through the issuance of shares, convertible corporate bonds and cash payment, and issue shares to no more than 35 specific investors to raise matching funds. The company's shares will be suspended from the market open on March 3, 2025, and will resume trading from the market open on March 17, 2025. Since the audit and evaluation of the assets involved in this transaction have not been completed, the company decided not to convene a general meeting of shareholders to consider the transaction for the time being. Aixiesheng is mainly engaged in the research and development, design and sales of various chip products such as display driver chips and touch driver chips.

[Potassium International: The largest shareholder is proposed to be changed to Huineng Group].

Potassium International (000893.SZ) announced that the company's shareholder of more than 5% of the company's shares, China Agricultural Production Materials Group Co., Ltd. (hereinafter referred to as "China Agricultural Group") recently signed an agreement with more than 5% of the shareholders of Huineng Holding Group Co., Ltd. (hereinafter referred to as "Huineng Group") related to the transfer of shares, and China Agricultural Group intends to transfer its 46,202,600 shares of the company's unrestricted tradable shares (accounting for 5% of the company's total share capital) to Huineng Group by way of agreement transfer. After this change in equity, the company's largest shareholder will be changed from Zhongnong Group to Huineng Group.

[Zhaofeng shares: the company indirectly holds part of the shares of Hangzhou Yunshen Technology Co., Ltd., and the shareholding ratio is small].

Zhaofeng Co., Ltd. (300695.SZ) announced that the company previously established a joint venture with the controlling shareholder Zhaofeng (Hangzhou) Intelligent Equipment Co., Ltd., which aims to carry out the research and development, manufacturing and sales of ball screws and planetary roller screws, as well as the research and development, production and sales of bearing unit products. At present, Zhaofeng Intelligent Equipment Co., Ltd. is in the early stage of its establishment, and has not yet carried out business operations, nor has it generated business income, and has no significant impact on the company's operating performance in the short term. The company indirectly holds part of the shares of Hangzhou Yunshen Technology Co., Ltd. through Yunqi Fund, with a small shareholding ratio (the company's shareholding ratio of Yunqi Fund is 8.05%, and the shareholding ratio of Yunqi Fund to Hangzhou Yunshen Technology Co., Ltd. is 7.11%), and in addition to the above-mentioned investment, the company currently has no other business cooperation with Hangzhou Yunshen Technology Co., Ltd.

[Guangdong Expressway A: Received relevant documents from the government to clarify that the Guangzhou-Foshan Expressway will be recovered and managed by the government].

Guangdong Expressway A (000429.SZ) announced that the company received relevant documents from the government, clarifying that the Guangfo Expressway is recovered and managed by the government, and the operation and maintenance expenses of Guangfo Expressway Co., Ltd. (hereinafter referred to as "Guangfo Company") will be paid by the relevant units after the audit and liquidation are carried out in accordance with the procedures. The company holds 75% of the equity of Guangfo Company, and Guangfo Company intends to reverse the bad debt provision that has been accrued to advance the maintenance expenses of Guangfo Expressway. The impact of this matter on the company's financial position needs to be further evaluated, and the actual impact is subject to the audited liquidation amount.

[Valin Cable: Plans to acquire control of Xingxin Aerospace in cash].

Valin Cable (001208.SZ) announced that the company intends to acquire control of Hunan Xingxin Aerospace New Materials Co., Ltd. in cash. At that time, Hunan Iron and Steel Group Co., Ltd. (the ultimate controlling shareholder of the company) and other enterprises controlled by it may jointly participate in the acquisition according to the actual situation, which shall be subject to the formal transaction agreement signed. Xingxin Aerospace's main business is high-temperature and heat-resistant materials, silicon nitride ceramic products, phenolic resin materials, etc., providing supporting products for Shenzhou series spacecraft, Chang'e series probes, Tiangong space station and a variety of launch vehicles, and participated in the first manned spaceflight project. The target company has many years of experience in the field of aerospace and fusion equipment, and is expected to expand the company's industrial chain in the field of aerospace and fusion equipment through linkage to expand market share.

Investment & Contracting

[Aoruide: The subsidiary plans to invest 10 million US dollars in the establishment of a wholly-owned subsidiary in Hong Kong, mainly engaged in computing power comprehensive services and other businesses].

Allred (600666.SH) announced that the company's wholly-owned subsidiary, Beijing Zhishuan, plans to set up a wholly-owned subsidiary in Hong Kong, with an investment amount of 10 million US dollars (based on the actual exchange rate to calculate the amount of RMB capital contribution), mainly engaged in computing power integrated services and other businesses.

[Shede Liquor: It is planned to jointly invest 1.2 billion yuan with related parties to set up a joint venture company to build Shede Wine and Tourism Integration Project].

Shede Liquor (600702.SH) announced that the company intends to jointly invest in the establishment of a joint venture with the controlling shareholder Sichuan Tuopai Shede Group Co., Ltd. and the non-related party Shehong Tongquan Liquor Investment and Development Co., Ltd. to build a Shede wine and tourism integration project. The total investment is 1.2 billion yuan, of which Shede Liquor will invest 588 million yuan, holding 49% of the equity of the joint venture; Tuopai Shede Group invested 432 million yuan and held 36% of the equity of the joint venture; The liquor investment company invested 180 million yuan and held 15% of the equity of the joint venture company. The transaction constituted a connected transaction, but did not constitute a material asset restructuring. In the past 12 months, the company has made one transaction with the same related person, with a cumulative amount of more than 30 million yuan, and reached 5% of the absolute value of the company's latest audited net assets.

Changes in shareholding

[Genesis: plans to transfer 100% equity of Dongguan Jinsheng Precision Electronic Components Co., Ltd., a wholly-owned subsidiary].

Genesis (300083.SZ) announced that the company plans to transfer 100% of the equity of its wholly-owned subsidiary, Dongguan Jinsheng Precision Electronic Components Co., Ltd., in order to revitalize the company's idle properties and improve the efficiency of asset operation. The transfer is intended to be completed by bidding, and the counterparty and transfer price have not yet been determined, and it is not expected to constitute a major asset restructuring. The Company will fulfill its review procedures and information disclosure obligations in a timely manner according to the progress of relevant matters.

[Oceanpower Intelligence: Zhongjing Zhixin will become the controlling shareholder of the company].

Oceanpower Intelligent (300720.SZ) announced that Zheng Jinkang, the controlling shareholder of the company, signed the "Share Transfer Agreement" with Suzhou Zhongjing Zhixin Semiconductor Partnership (Limited Partnership), and Zhongjing Zhixin intends to agree to acquire 58.4 million shares of the company held by Zheng Jinkang, accounting for 29.9676% of the company's total share capital. At the same time, Zheng Jinkang, Zheng Xuefen, Wu Guifang and Zhongjing Zhixin signed the "Voting Rights Waiver Agreement" and the "Letter of Commitment not to seek control of listed companies". If the share transfer is successfully implemented, Zhongjing Zhixin will become the controlling shareholder of the company.

[United Imaging Medical: Shareholders plan to inquire about the transfer of 3.53% shares].

United Imaging Medical (688271.SH) announced that shareholders Zhongke State Street and Beiyuan Investment plan to reduce their holdings by a total of 29,086,400 shares, accounting for 3.53% of the company's total share capital, through inquiry and transfer, and the reason for the reduction is their own capital needs. The transferor promises that the shares held by it have been lifted, the ownership is clear, and there is no situation where the shareholding cannot be reduced. The minimum transfer price shall not be less than 70% of the average stock trading price in the 20 trading days prior to the date of sending the subscription invitation, which will be organized and implemented by China International Capital Corporation Limited. The transferee must be an institutional investor with appropriate pricing power and risk tolerance.

Increase or decrease in holdings & repurchase

[Peneng Technology: Shareholder Rongke Venture Capital plans to reduce its holdings of no more than 3% of the company's shares].

Peneng Technology (688063.SH) announced that the company's shareholder Rongke Venture Capital plans to reduce the total number of shares of the company through centralized bidding and block trading not more than 7,360,776 shares due to its own capital turnover needs, and the reduction ratio does not exceed 3% of the company's total share capital.

[Xing Shuaier: The chairman proposed to repurchase the company's shares with 50 million yuan to 100 million yuan].

Xingshuaier (002860.SZ) announced that the company received a letter from Lou Yongwei, the controlling shareholder, actual controller and chairman of the board of directors, proposing to repurchase the company's shares on March 14, 2025. The proposed repurchase of shares shall be used for the implementation of equity incentives or employee stock ownership plans for core backbone employees, with a total amount of funds not less than RMB50 million (inclusive) and no more than RMB100 million (inclusive). The repurchase price shall not be higher than 150% of the average trading price of the company's shares in the 30 trading days prior to the resolution of the board of directors to repurchase shares. The repurchase period shall be within 12 months from the date of approval of the repurchase plan by the board of directors.

Business & Performance

[Desay SV: Net profit in 2024 will increase by 29.62% year-on-year, and it is proposed to distribute 12 yuan per 10 shares].

Desay SV (002920.SZ) released its annual report, achieving operating income of 27.618 billion yuan in 2024, a year-on-year increase of 26.06%; net profit was 2.005 billion yuan, a year-on-year increase of 29.62%. The company intends to distribute a cash dividend of 12 yuan (tax included) to all shareholders for every 10 shares.

[China Shenhua: Coal sales fell 11.4% year-on-year in February].

China Shenhua (601088.SH) announced that in February 2025, the company's coal sales were 34.3 million tons, down 11.4% year-on-year. The main reasons include weak coal procurement demand, insufficient downstream coal demand and windy weather.

[Air China: Passenger turnover in February decreased by 3% year-on-year].

Air China (601111.SH) announced that in February 2025, the consolidated passenger turnover of the company and its subsidiaries (measured in revenue passenger kilometers) decreased year-on-year. Passenger capacity input (measured in available seat kilometres) fell 2.4% year-on-year, and passenger turnover decreased 3% year-on-year. In terms of freight, freight capacity input (measured in available freight tonne-kilometres) increased by 0.9% year-on-year, and cargo and mail turnover (measured in revenue freight tonne-kilometres) increased by 2.9% year-on-year. The freight load factor was 29.8%, up 0.6 percentage points year-on-year.

[Shaanxi Coal Industry: Net profit in 2024 will be 22.196 billion yuan, down 3.97% year-on-year].

Shaanxi Coal Industry (601225.SH) announced that the company's raw coal output in 2024 will be 170 million tons, a year-on-year increase of 4.13%; Coal sales were 260 million tons, a year-on-year increase of 9.91%. operating income was 184.145 billion yuan, a year-on-year increase of 1.47%; The net profit attributable to shareholders of listed companies was 22.196 billion yuan, a year-on-year decrease of 3.97%. The change in performance was mainly due to the Company's acquisition of the equity interest in Shaanxi Coal Power Group Co., Ltd., as well as the year-on-year decrease in coal prices and the year-on-year decrease in the fair value of trust assets.

Miscellaneous

[Beingmate: The controlling shareholder Beingmate Group received the enforcement notice and ruling].

Beingmate (002570.SZ) announced that the company's controlling shareholder, Beingmate Group Co., Ltd., recently received the "Enforcement Notice" and "Enforcement Ruling" issued by the Intermediate People's Court of Hangzhou Municipality, Zhejiang Province.

[Jiudian Pharmaceutical: The company obtained the drug registration certificate of ornidazole injection].

Jiudian Pharmaceutical (300705.SZ) announced that the company recently received the "Drug Registration Certificate" issued by the State Drug Administration, approving the drug registration application for ornidazole injection. The drug is a chemical drug class 3, which is suitable for preoperative prevention and postoperative treatment of anaerobic bacterial infections and severe amebiasis of the intestine and liver.

[Huaan Securities: Deputy General Manager Gu Yong resigned for personal reasons].

Huaan Securities (600909.SH) announced that the company's board of directors recently received a written resignation submitted by Gu Yong, deputy general manager. Gu Yong resigned as deputy general manager for personal reasons, and will no longer hold any position in the company and the holding company after his resignation. Collection

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