Finance Associated Press

Hongjing Technology: Signed a 312 million yuan computing power business contract with China Mobile Ningxia Company

Today's Spotlight

[Xianggang Technology: Net profit is expected to increase by 713% to 917% year-on-year in the first quarter of 2025].

Xianggang Technology (603499.SH) announced that it is expected to achieve a net profit attributable to the owners of the parent company of 40 million yuan to 50 million yuan in the first quarter of 2025, an increase of 35.0819 million yuan to 45.0819 million yuan compared with the same period last year, an increase of 713.32% to 916.65% year-on-year. The performance growth is mainly due to the company's strengthening of market development, packaging and printing, packaging and container business performance is good, operating income has increased significantly over the same period, while the company has improved operating efficiency and product quality, strengthened cost control, and benefited from the substantial increase in sales, the company's scale effect has appeared.

[Hongjing Technology: Signed a 312 million yuan computing power business contract with China Mobile Ningxia Company].

Hongjing Technology (301396.SZ) announced that the company and China Mobile Ningxia recently signed the "China Mobile Ningxia 2025 Computing Service Introduction Procurement Framework Agreement", and the total amount of this framework agreement is capped at 312 million yuan. Hongjing Technology provides computing power services to China Mobile Ningxia Company.

[Guyue Longshan: price increase for some products].

Guyue Longshan (600059) announced that it decided to adjust the sales prices of some of the company's key products: the price increase of the color package Huadiao (Jiafan) series rice wine products is 2%-5%, the price increase of the three-year series of rice wine products is 4%-8%, the price increase of some altar wine series rice wine products is 8%-9%, the price increase of some five-year old series rice wine products is 5%-12%, the price increase of some blue and white drunk products is 2%-5%, and the price increase of daughter red barrel wine series rice wine products is 3%— 5%, the price increase of the daughter red old wine series rice wine products is 2%-5%. The new price will be implemented from April 22, 2025 according to the price adjustment notice of each product.

[BYD: The cumulative sales of new energy vehicles this year increased by 59.81% year-on-year].

BYD (002594.SZ) announced that the sales volume of new energy vehicles in March 2025 will be 377,400 units, and the cumulative sales volume this year will be 1,000,800 units, a year-on-year increase of 59.81%. In March, the total installed capacity of power batteries and energy storage batteries for new energy vehicles was about 20.347GWh, and the cumulative installed capacity in 2025 will be about 52.553GWh.

[General Shares: The actual controller will be changed to Jiangsu State-owned Assets Supervision and Administration Commission and the stock will resume trading].

General Shares (601500.SH) announced that the company's controlling shareholder Hongdou Group signed the "Share Transfer Agreement" with Soho Holdings on April 1, 2025, and Hongdou Group intends to transfer 389 million shares of General Shares held by it to Soho Holdings, accounting for 24.50% of the company's total share capital, with a total transfer price of RMB 2.118 billion. After the completion of this transaction, the controlling shareholder of the company will be changed from Hongdou Group to Soho Holdings, and the actual controller will be changed from Zhou Haijiang, Zhou Haiyan, Gu Cui and Liu Lianhong to the State-owned Assets Supervision and Administration Commission of Jiangsu Provincial Government. The company's shares will resume trading from the market open on April 2, 2025.

[Taier shares: Tai Zhengbiao, the controlling shareholder and actual controller of the company, was retained and filed].

Taier shares (002347.SZ) announced that the company recently received a notice of retention and a notice of filing issued by the Jianli Municipal Supervision Commission on the company's controlling shareholder and actual controller Tai Zhengbiao. Tai Zhengbiao currently serves as the honorary chairman of the company, does not assume the duties of a director, and does not hold other positions in the company. The directors, supervisors and senior management of the company have performed their duties normally, the control has not changed, the board of directors is operating normally, and the production and operation are normal. The Company will continue to monitor the progress of the above matters and fulfill its information disclosure obligations in a timely manner.

[SkyOcean New Materials: The controlling shareholder plans to change the control of the stock and suspend trading].

SkyOcean New Materials (603330.SH) announced that the company received a notice from Li Zhelong, the controlling shareholder and actual controller, that he was planning to transfer part or all of the company's shares by agreement, which could lead to a change in the company's control. In order to safeguard the interests of investors and avoid abnormal fluctuations in stock prices, the company's shares will be suspended from April 2, 2025, and the suspension is expected to last no more than 2 trading days. During the suspension period, the company will fulfill its information disclosure obligations according to the progress of the matter.

[Hunan Development: Plans to purchase 90% of the equity of Tongwan Hydropower and other assets, and the stock will resume trading tomorrow].

Hunan Development (000722.SZ) announced that the company intends to purchase 90% of the shares of Tongwan Hydropower, 90% of Qingshuitang Hydropower, 95% of Xiaoxi Hydropower and 85% of Gaotan Hydropower held by Xiangtou Energy by issuing shares and paying cash. At the same time, the company intends to issue shares to no more than 35 qualified specific investors to raise matching funds. This transaction is an M&A in the same industry, and through the acquisition of high-quality hydropower assets, the listed company's installed hydropower capacity and power generation capacity will be significantly increased, which is conducive to the listed company to further focus on its main business. The transaction is expected to constitute a major asset restructuring. Trading in the Company's shares will resume from the market open on Wednesday, April 2, 2025.

Stock price movements

[4 consecutive board Kemet special gas: the decline in the price of rare gas raw materials led to a decline in the price of the company's related products].

Kemei Special Gas (002549.SZ) issued an announcement on abnormal fluctuations in stock trading, saying that after self-inspection, the company did not violate the fair disclosure of information. The Company will fulfill its information disclosure obligations in strict accordance with the provisions of relevant laws and regulations. The company's main business is the research and development, production and sales of food additives liquid carbon dioxide, industrial-grade liquid carbon dioxide, dry ice and other industrial gases with petrochemical tail gas (waste gas) and flare gas as raw materials. Affected by the market environment and cyclical fluctuations in the industry, the price of rare gas raw materials declined, resulting in a decline in the price of related products and a year-on-year decline in revenue. Investors are advised to invest rationally and pay attention to risks.

[6 days 3 plate blue stone reloading: the company has no material information that should be disclosed but has not been disclosed].

Lanshi Heavy Equipment (603169.SH) announced that the company's shares on March 28, March 31, and April 1, 2025 for three consecutive trading days The deviation from the closing price has exceeded 20%, which is an abnormal fluctuation in stock trading. After self-examination and verification by the controlling shareholder, the company does not have any material information that should be disclosed but has not been disclosed. The company's main business has not undergone major changes, production and operation are normal, and the internal and external business environment has not undergone major changes.

Private placement & financing & repurchase

[Huali Chuangtong: It is planned to raise no more than 450 million yuan].

Huali Chuangtong (300045.SZ) announced that the company intends to issue A-share shares to specific objects, with a total amount of funds raised not exceeding 450 million yuan, and the net proceeds after deducting the issuance costs are intended to be invested in the development and industrialization of spaceborne computing and processing equipment based on anti-radiation modules, the development and industrialization of multi-mode satellite communication SOC chips, and the multi-mode navigation system project for the world and supplementary working capital.

Underweight & Overweight

[Dongyi Risheng: Xiaomi Technology completed the reduction of 1% of the company's shares].

Dongyi Risheng (002713.SZ) announced that the company's shareholder Xiaomi Technology (Wuhan) Co., Ltd. has reduced its holdings of 4.1954 million shares through centralized bidding transactions, accounting for 1% of the company's total share capital, and the implementation of the shareholding reduction plan has been completed. After the reduction, Xiaomi Technology holds 16.8047 million shares of the company, accounting for 4.01% of the company's total share capital.

[Gao Weida: Shareholder UnionPay Technology intends to reduce its holdings of no more than 1% of the company's shares].

Gao Weida (300465.SZ) announced that the shareholder UnionPay Technology plans to reduce the company's shares by centralized bidding within 3 months after 15 trading days from the date of disclosure of this announcement, and the total number of shares will not exceed 1% of the company's total shares, that is, no more than 4.4 million shares. UnionPay Technology currently holds 8.36% of the company's shares, and the reason for the reduction is the shareholders' own capital turnover needs.

Transfers & Acquisitions & Investments

[China Energy Construction: Subsidiary signed a 9.6 billion yuan water supply project contract].

China Energy Construction (601868.SH) announced that its subsidiary, China Gezhouba Group Co., Ltd., as the general contractor, signed a contract with the Astana Capital Water Supply Company for the Astana water supply project, with a contract value of about 651.2 billion tenge, equivalent to about 9.6 billion yuan. The project is located in the southeast of Astana, Kazakhstan, and the construction content includes the design, procurement, construction and commissioning of water intake pumping stations, pressurized pumping stations, water pipelines and water purification plants, with a total construction period of about 36 months.

[Chengdi Xiangjiang: A wholly-owned subsidiary received a formal contract for the data center project of China Telecom Shanghai's Lingang Park].

Chengdi Xiangjiang (603887.SH) announced that the company's wholly-owned subsidiary, Xiangjiang System Engineering Co., Ltd., received a formal contract from relevant parties for the data center project of China Telecom Shanghai Company's Lingang Park, with a total contract amount of 616 million yuan. The contract stipulates that Heung Kong Systems Engineering Co., Ltd. will be responsible for the mechanical and electrical design, mechanical and electrical equipment procurement, installation and construction of the project. The construction period of the A2 building of the project is 180 days, and the construction period of the A3 building is 120 days.

[Pearl River Piano: It is planned to set up a wholly-owned subsidiary of cultural tourism business with 200 million yuan].

Pearl River Piano (002678.SZ) announced that the company plans to invest 200 million yuan of its own funds to set up a wholly-owned subsidiary Guangzhou Pearl River Cultural Tour Investment Co., Ltd., which is responsible for the development of cultural tourism business. The investment is within the authority of the general manager's office meeting of the company, and the internal approval procedures have been carried out, and there is no need to submit it to the board of directors and the general meeting of shareholders for deliberation. The company said that this foreign investment will promote the industrialization of the company's cultural and tourism undertakings and form a new economic growth point, which is in line with the strategic needs of the company's diversified development.

[Oat Technology: It is planned to invest 20 million yuan to subscribe for 6.47% of the property share of Huake Zhixin].

Oat Technology (688312.SH) announced that the company intends to contribute 20 million yuan as a limited partner to subscribe for 6.47% of the property share of Shanghai Huake Zhixin Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Huake Zhixin") with its own funds. Huake Zhixin is mainly engaged in the investment of enterprises related to the upstream and downstream related fields of the semiconductor industry chain (including software and service business) in the semiconductor industry chain and industry, industry, automobile, new energy, high-tech and electronics. The Fund's investment areas are synergistic with the Company's main business areas.

Business & Performance

[SAIC: Sales of new energy vehicles in March were 125,700 units, a year-on-year increase of 48.22%].

SAIC Motor (600104.SH) released a production and sales report for March 2025, with a total sales volume of 385,700 vehicles in March, a year-on-year increase of 1.14%; The cumulative sales volume this year was 944,900 units, a year-on-year increase of 13.27%. Among them, the sales of new energy vehicles in March were 125,700, a year-on-year increase of 48.22%; The cumulative sales volume of this year was 273,000 units, a year-on-year increase of 29.89%.

[China Satcom: Net profit in 2024 will increase by 30.31% year-on-year, and it is proposed to distribute a cash dividend of 0.323 yuan per 10 shares].

China Satcom (601698.SH) released its 2024 annual report, and the company's net profit attributable to shareholders of listed companies in 2024 was 454.4928 million yuan, a year-on-year increase of 30.31%. The company plans to distribute a cash dividend of 0.323 yuan (tax included) to all shareholders for every 10 shares, with a total cash dividend of 136.4476 million yuan (tax included). The company's main business includes satellite operation services, network system integration and services, etc. During the reporting period, the company operated and managed 17 commercial communication and broadcasting satellites, and built China's first high-orbit Ka high-throughput satellite Internet that completely covered the entire territory of the country and the key areas of the "Belt and Road".

[Hangfa Power: net profit in 2024 will decrease by 39.48% year-on-year, and it is proposed to distribute 0.97 yuan per 10 shares].

Hangfa Power (600893.SH) released its 2024 annual report, and during the reporting period, the company achieved operating income of 47.88 billion yuan, a year-on-year increase of 9.48%; The net profit attributable to shareholders of the parent company was 860 million yuan, a year-on-year decrease of 39.48%. In 2024, the company plans to distribute 0.97 yuan (tax included) to all shareholders for every 10 shares.

Approved & Won

[Shenglong shares: received the designated development notice of the flying car company, and the total sales amount is expected to be 120 million yuan in 5 years].

Shenglong Co., Ltd. (603178.SH) announced that the company recently received a fixed-point development notice from a well-known domestic flying car company to provide intelligent actuators for its flying cars. The life cycle of the designated project is 5 years, and the total sales amount of the life cycle is expected to be about 120 million yuan. The fixed-point development notice does not reflect the customer's final actual purchase quantity, which is subject to the order settlement amount. After the follow-up sample products pass the customer review and verification, a formal order or sales contract can be signed.

[Asia Sky Integration: Asia Sky Singapore Branch plans to win the bid for about 3.163 billion yuan project].

ASG (603929.SH) announced that ASG System Integration Technology (Suzhou) Co., Ltd. Singapore Branch (hereinafter referred to as "ASG Singapore Branch") recently received an order from VisionPower Semiconductor Manufacturing Company Pte.Ltd. (VSMC), confirming that ASG Singapore Branch has become VSMC's MEP engineering contractor. The winning bid amount is about 3.163 billion yuan (before tax). VSMC's first fab will use 130nm to 40nm technology to produce mixed-signal, power management and analog products to support the needs of automotive, industrial, consumer and mobile markets. The new plant will start mass production in 2027 and is expected to have a total production capacity of 55,000 pieces per month in 2029. The winning project is the MEP project of the plant, including mechanical air conditioning, electricity, water supply and drainage, fire protection, automatic control, broadcasting, security monitoring, PCW/PV/CV, process exhaust, co-shelf, AMC, and THC.

[Huadong Medicine: Wholly-owned subsidiary received the notice of acceptance of the marketing authorization application for semaglutide injection].

Huadong Pharmaceutical (000963.SZ) announced that its wholly-owned subsidiary, Hangzhou Zhongmei Huadong Pharmaceutical Jiangdong Co., Ltd., received the "Notice of Acceptance" issued by the State Drug Administration, and the marketing authorization application for semaglutide injection declared by Jiangdong Company was accepted. The drug is a long-acting glucagon-like peptide-1 (GLP-1) receptor agonist for glycemic control in adults with type 2 diabetes.

Miscellaneous

[*ST Jiayu: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares].

*ST Jiayu (300117.SZ) announced that the company received the "Prior Notice" issued by the Shenzhen Stock Exchange on April 1, 2025, and the Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares.

[CNGR shares: plans to issue H shares and be listed on the main board of the Hong Kong Stock Exchange].

CNGR (300919.SZ) announced that in order to further promote the strategic deployment of "development globalization" and build an international capital operation platform, the company plans to issue H shares and be listed on the main board of the Stock Exchange of Hong Kong Limited. The company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and choose an appropriate time and issuance window to complete the issuance and listing within the validity period of the resolution of the general meeting of shareholders. On April 1, 2025, the company held the 29th meeting of the second board of directors and deliberated and approved the relevant proposals.

[Hainan Huatie: It is planned to issue debt financing instruments in the interbank bond market of no more than 2 billion yuan for project construction in the fields of intelligent computing and low-altitude computing].

Hainan Huatie (603300.SH) announced that in order to meet the company's diversified strategic development in the field of intelligent computing and low-altitude, optimize the financing structure and reduce financing costs, the company intends to apply to the National Association of Financial Market Institutional Investors for registration and issuance of debt financing instruments for non-financial enterprises in the interbank bond market with a total amount of no more than 2 billion yuan, including medium-term notes and ultra-short-term financing bonds. The purpose of the raised funds is to build projects in the fields of intelligent computing and low-altitude, repay the company's debts, and supplement the company's working capital. This matter has been deliberated by the tenth meeting of the fifth board of directors of the company, and needs to be submitted to the general meeting of shareholders for deliberation and approval, and can only be implemented after being accepted and registered by the National Association of Financial Market Institutional Investors of China. Collection

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