Finance Associated Press

Guotai Junan: Zhu Jian was elected as chairman and Li Junjie was elected president and a number of senior executives were hired

Today's Spotlight

[Lier Chemical: net profit is expected to increase by 203%-224% year-on-year in the first quarter of 2025].

Lier Chemical (002258.SZ) announced that from January 1, 2025 to March 31, 2025, the net profit attributable to shareholders of listed companies is expected to be 145 million yuan to 155 million yuan, an increase of 203.08%-223.98% from 47.8418 million yuan in the same period last year. During the reporting period, the sales volume and price of some of the company's products increased, resulting in a year-on-year increase in operating performance in the first quarter.

[Guotai Junan: elected Zhu Jian as chairman and Li Junjie as president and hired a number of senior executives].

Guotai Junan (601211.SH) announced that the first meeting of the company's seventh board of directors was held on April 3, 2025, and Zhu Jian was elected as chairman and Zhou Jie as vice chairman. The meeting also deliberated and passed the proposal on the appointment of senior management personnel of the company, appointing Li Junjie as president, Mao Yuxing, Xie Lebin, Luo Dongyuan, Nie Xiaogang, Pan Guangtao, Zhang Xinjun, Chen Zhongyi, and Han Zhida as vice presidents. In addition, the company also deliberated and passed the proposal on the establishment of a special committee of the seventh board of directors of the company, as well as the proposal on optimizing the company's organizational structure and revising some systems.

[Chengda Bio: Shaoguan Gaoteng's tender offer expires and the stock is suspended for one day].

Chengda Biotechnology (688739.SH) announced that due to Shaoguan Gaoteng's offer to acquire the company's shares, the company's shares will be suspended for one trading day on April 7, 2025. The tender offer period is from March 5 to April 3, 2025, and the number of shares scheduled to be acquired in the tender offer is 184 million shares, accounting for 44.18% of the company's total share capital, and the tender offer price is 25.51 yuan per share. During the suspension period, the company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations, and resume trading on the day of the announcement of the tender offer results.

[Sany Heavy Industry: intends to issue H shares and list on the Hong Kong Stock Exchange].

Sany Heavy Industry (600031.SH) announced that in order to further promote the company's globalization strategy, strengthen the docking with overseas capital markets, and further enhance the transparency and standardization of corporate governance, the company intends to issue shares (H shares) overseas and be listed on the Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange").

[*ST Jinke: Huang Hongyun, the actual controller of the company, and Jinke Holdings, the controlling shareholder, received the notice of filing the case].

*ST Jinke (000656.SZ) announced that the company's actual controller Huang Hongyun and its controlling shareholder Jinke Holdings recently received a notice from the China Securities Regulatory Commission. The China Securities Regulatory Commission decided to file a case against Huang Hongyun and Jinke Holdings on suspicion of failing to disclose the risk of forced transfer of shares and failing to disclose information on changes in equity in a timely manner. The investigation involved the passive reduction of shares by Jinke Holdings and Huang Hongyun in 2022 due to the handling of the pledged repurchase business of securities firms, as well as the failure of Huang Hongyun and Jinke Holdings to timely perform their disclosure obligations after the termination of the concerted action relationship with the original concerted actors and the change in equity caused by the reduction of the company's shares in 2022. During the investigation, Huang Hongyun and Jinke Holdings will actively cooperate with the relevant work of the China Securities Regulatory Commission, and the company will continue to promote the reorganization work and will not adversely affect the reorganization plan that has been voted on.

[Power Xinke: SAIC Hongyan's 281 million yuan of raised funds was forcibly deducted].

Power Xinke (600841.SH) announced that the 281 million yuan of funds deposited by its wholly-owned subsidiary SAIC Hongyan in the special account for raising funds of Everbright Bank Shanghai Branch (all of which have been frozen by the court) were forcibly deducted by the relevant courts. The deduction of the raised funds will have an adverse impact on the investment and construction of the "new generation of smart heavy truck" project and the payment of the balance of the "smart factory" project of SAIC Hongyan's fund-raising project, and may have an adverse impact on the daily operation of SAIC Hongyan.

[Dongpeng Beverage: The company has submitted an application for the issuance of H shares to the Hong Kong Stock Exchange and published the application materials].

Dongpeng Beverage (605499.SH) announced that the company has submitted an application to the Hong Kong Stock Exchange on April 3, 2025 for the issuance of overseas listed foreign shares (H shares) and listing on the main board of the Hong Kong Stock Exchange, and published the application materials for the issuance on the website of the Hong Kong Stock Exchange on the same day. The application information has been prepared and published by the Company in accordance with the requirements of the Securities and Futures Commission of Hong Kong and the Hong Kong Stock Exchange, and is a draft version and the information contained therein may be updated and changed from time to time. The company's offering is subject to filing, approval or approval from relevant government agencies, regulatory agencies and stock exchanges such as the China Securities Regulatory Commission, the Hong Kong Securities Regulatory Commission and the Hong Kong Stock Exchange, and there are still uncertainties in this matter.

Private placement & financing & repurchase

[Sany Heavy Industry: It is planned to repurchase the company's shares with 1 billion yuan to 2 billion yuan for employee stock ownership plan].

Sany Heavy Industry (600031.SH) announced that the company plans to repurchase the company's shares in a centralized bidding transaction, with an amount of between 1 billion yuan and 2 billion yuan, and the source of funds is new bank loans or other sources of funds. The upper limit of the price of the repurchased shares is 29.10 yuan per share, and the repurchase period is no more than 12 months from the date of deliberation and approval by the board of directors. The repurchased shares will be used for the employee stock ownership plan and will be cancelled in accordance with the law if they are not used for such purposes within 3 years from the date of completion of the repurchase.

[Tongyu Heavy Industry: The company and its subsidiaries plan to apply for a financing line of no more than 7 billion yuan and carry out guarantee authorization].

Tongyu Heavy Industry (300185.SZ) announced that the 19th interim meeting of the company's sixth board of directors was held on April 3, 2025, and the "Proposal on the Company and its Subsidiaries Applying for a Financing Quota of No More than 7 Billion Yuan from Financial Institutions and Authorizing the Company to Provide Guarantees for the Financing of Subsidiaries" was deliberated and approved. In addition, the meeting also deliberated and approved the proposal on the change of the company's accounting policy, as well as the proposal to convene the third extraordinary general meeting of shareholders in 2025 on April 21, 2025.

Underweight & Overweight

[Pu Nai shares: some members of the controlling shareholder and actual controller Liu Baikuan's family plan to reduce their holdings of no more than 0.993% of the company's shares].

Pu Nai shares (002225.SZ) announced that the company's controlling shareholder, the actual controller of Liu Baikuan, some members of the family Liu Baichun, Liu Baiqing, Liu Caili, Yan Ruilead, Yan Ruiming, a total of 5 people plan to reduce their holdings of the company's shares through centralized bidding no more than 9,900,000 shares, accounting for 0.993% of the company's total share capital (excluding the shares held in the company's special repurchase account). The reduction period is 3 months after 15 trading days from the date of disclosure of this announcement, and the window period stipulated by laws and regulations will not reduce holdings.

Transfers & Acquisitions & Investments

[Xiaxia Precision: It is planned to invest no more than 1 billion yuan to build production projects such as planetary roller screws and reducers].

Xiaxia Precision (001306.SZ) announced that the company plans to obtain the right to use the state-owned construction land of "Zhenhai District ZH08-04-02-55-a plot" in Ningbo City through bidding, which will be used to build the "Intelligent Transmission System Core Components Industrialization and Equipment Collaborative Development and Construction Project", with a total investment of no more than 1 billion yuan and an estimated construction period of 3 years. The project mainly produces precision gears, planetary roller screws, ball screws, reducers and corresponding machine tools. Sources of funding include own funds, bank loans, or other financing methods. The project needs to go through the relevant approval procedures, and there is a risk of uncertainty.

[Gaoce shares: the controlling shareholder Zhang Ji intends to inquire about the transfer of 4.99% of the shares].

Gaoce Co., Ltd. (688556.SH) announced that the company's controlling shareholder Zhang Ji plans to transfer 27,308,000 shares, accounting for 4.99% of the company's total share capital, through inquiry transfer, and the reason for the transfer is his own capital needs. The transferor declares that the ownership of the shares held by the transferor is clear, there is no restriction or prohibition on transfer, and there is no violation of the relevant shareholding reduction regulations and commitments. The transferee of this inquiry transfer shall be an institutional investor with corresponding pricing power and risk tolerance. The lower price of this inquiry transfer shall not be less than 70% of the average trading price of Gaotei shares in the 20 trading days before the date of sending the subscription invitation (i.e., April 3, 2025).

[Agile shares: a subsidiary signed a lithium battery separator film supply agreement with a well-known automobile company in the United States].

002812.SZ The company announced that its subsidiary, the United States, signed a "supply agreement" with a well-known automobile company in the United States, and is expected to purchase about 973 million square meters of lithium battery separator film from the United States (and its affiliates) from 2026 to 2030, which is subject to the purchase order. The agreement is valid for a period of five years from the date of supply and will be automatically renewed for a period of one year. The signing of this agreement is expected to have a positive impact on the Company's operating results from 2026 to 2030.

[Chengdi Xiangjiang: Subsidiary signed a contract for the construction and maintenance service project of computing power infrastructure of China Mobile Hohhot data center].

Chengdi Xiangjiang (603887.SH) announced that the company's subsidiary, as a member of the consortium, won the bid for the "China Mobile Hohhot Data Center Computing Infrastructure Construction and Maintenance Service Project", with an estimated total contract amount of 4.452 billion yuan. In the early stage, the company has disclosed the announcement that the subsidiary won the bid for the "China Mobile Hohhot Data Center Computing Infrastructure Construction and Maintenance Service Project" and arranged the progress announcement of the signing of its contract, and now all parties involved in the contract of the project have been signed.

[Sany Renewable Energy: It is proposed to invest a total of no more than 1 billion US dollars to build two wind farm projects in Uzbekistan].

Sany Renewable Energy (688349.SH) announced that the company intends to sign an investment agreement with the government of the Republic of Uzbekistan to set up two wholly-owned subsidiaries in Uzbekistan to invest in the construction of Kungrad Wind Farm 1 Project and Kungrad Wind Farm 2 Project respectively, with an investment amount of no more than 500 million US dollars respectively.

[Times New Materials: Signed a contract of about 1.98 billion yuan for wind turbine blades and related services].

Times New Materials (600458.SH) announced that the company signed the "Blade Sales Contract" with major wind power OEMs, with a total contract amount of about 1.98 billion yuan (tax included). The contract is a contract for the company's daily operations, and there is uncertainty about the impact on the company's current performance in 2025, but it is expected to have a positive impact on the company's performance. During the performance of the contract, there may be a risk that it will not be able to perform on time or in full due to changes in the external environment.

Business & Performance

[Guangdong Media: Net profit in 2024 will increase by 259% year-on-year].

Guangdong Media (002181.SZ) released its 2024 annual report, and the company achieved operating income of 597 million yuan, a year-on-year increase of 6.77%; The net profit was 29.9944 million yuan, a year-on-year increase of 258.78%. The company plans to distribute a cash dividend of RMB 0.68 (tax included) for every 10 shares. In 2024, the company actively explored new businesses and developed new quality productivity, and achieved sustained revenue growth throughout the year, with the proportion of transformation business revenue exceeding more than half of the overall revenue, and steady progress in all aspects of work. Xiaocai note: Q3 net profit was 9.8958 million yuan, according to this calculation, Q4 net profit was 68.0275 million yuan, an increase of 587% month-on-month.

[Jinxi axle: net profit in 2024 increased by 13.39% year-on-year].

Jinxi Axle (600495.SH) released its annual report, and Jinxi Axle will achieve operating income of 1.314 billion yuan in 2024, a year-on-year increase of 2.40%; The net profit attributable to shareholders of listed companies was 23.0758 million yuan, a year-on-year increase of 13.39%. The company plans to distribute a cash dividend of RMB 0.14 (tax included) to all shareholders for every 10 shares.

Miscellaneous

[Hongbo shares: the company and related personnel received a warning letter from the Fujian Securities Regulatory Bureau].

Hongbo Co., Ltd. (002229.SZ) announced that the company and related personnel received a warning letter from the Fujian Securities Regulatory Bureau, due to the insufficient risk reminder of the "purchase and sale contract" of the subsidiary InBev Digital Technology and Ziguang Xiaotong in the temporary announcement, the inaccurate disclosure of the progress of the important contract between InBev Digital Technology and Beijing Jingneng International Holdings Co., Ltd. in the 2024 annual report, and the failure to timely disclose the progress of the important contract between InBev Digital Technology and Ziguang Xiaotong and Beijing Baichuan Intelligent Technology Co., Ltd. Ni Hui, Li Honglei, and Wang Binbin are primarily responsible for the above violations. The company will conscientiously summarize and learn lessons and submit a written rectification report to the Fujian Securities Regulatory Bureau within the time limit.

[China Resources Micro: President Li Hong resigned].

China Resources Micro (688396.SH) announced that Li Hong, director, president and core technical personnel, no longer holds any position in the company due to personal reasons.

[Huisheng Bio: The sustainability of price fluctuations of tylosin and tylosin products is uncertain].

Huisheng Biotechnology (300871.SZ) issued a change announcement, and the company has paid attention to the recent market rumors about the price fluctuations of tylosin and tywanmycin on stock bars and other platforms. After verification, the market price of the company's main products tylosin and tyvancin products has fluctuated recently. Due to the uncertainty of the sustainability of product price fluctuations, if the market supply increases or the demand decreases in the future, there may be a risk that the product price will fall, which will adversely affect the company's performance. Collection

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