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Lotus Holdings: Net profit in the first quarter is expected to increase by 103% to 144% year-on-year

Today's Spotlight

[Fuling shares: The imposition of "reciprocal tariffs" in the United States will increase the adverse impact on the company's operation].

Fuling shares (001356.SZ) disclosed the announcement of stock trading changes, the company's products are mainly exported, and the United States is the company's most important sales market, and from January to June 2023 and 2024, the company's sales revenue to the United States market accounted for 65.73% and 65.74% of the main business income respectively. Since June 2018, due to the Sino-US trade friction, the United States has imposed 25% tariffs on some Chinese goods exported to the United States, and some products such as plastic straws, the company's main products, are also within the scope of the above-mentioned tariffs. The company has transferred some of the production capacity of the tariff products to overseas through the capacity deployment of production bases in the United States, Indonesia and Mexico, thereby reducing the impact of the tariffs on the company. However, the production capacity and output of the company's overseas production base are relatively low, and most of the production capacity and output are still in the Taizhou production base in China, and the company's products sold to the United States are still mainly exported from the Chinese production base. U.S. tariffs still have a significant impact on companies' operations. On April 3, 2025, the U.S. government announced "reciprocal tariffs" on U.S. global trading partners, with a tariff rate of 34% on Chinese mainland. The imposition of this "reciprocal tariff" will increase the adverse impact on the company's operations. At present, the company's production and operation are normal, and the company will continue to pay attention to and evaluate the specific impact of tariff matters on the company's operating performance.

[Lotus Holdings: net profit in the first quarter increased by 103% to 144% year-on-year].

Lotus Holdings (600186.SH) announced that it is expected to achieve a net profit attributable to shareholders of listed companies of 100 million yuan to 120 million yuan in the first quarter of 2025, an increase of 50.7767 million yuan to 70.7767 million yuan compared with the same period last year, a year-on-year increase of 103.16% to 143.79%. During the reporting period, the company's business development was stable and improving, and its core competitiveness continued to increase. In the first quarter of 2025, the total product sales volume will increase, the sales revenue will achieve a large increase, and the net sales profit margin will increase year-on-year. Xiaocai note: The net profit in Q4 of 2024 will be 42 million yuan, according to this calculation, it is expected that the net profit in Q1 will increase by 138.1%-185.71% month-on-month.

[Beijing-Shanghai High-speed Railway: A total of 181 million shares have been repurchased and a total of 999 million yuan has been paid].

Beijing-Shanghai High-speed Railway (601816.SH) announced that as of March 31, 2025, the company has repurchased a total of 181 million shares through centralized bidding, accounting for about 0.3682% of the company's total share capital, the highest price of the repurchase transaction is 5.72 yuan / share, the lowest price is 5.20 yuan / share, and the total amount of funds paid is 999 million yuan (excluding transaction costs). The company's repurchase of shares complies with the provisions of relevant laws and regulations and the requirements of the share repurchase plan.

[Two-plate Seagull Residential: The products of the holding subsidiary can be used for air energy heat pump water heaters, and the proportion of revenue is very low].

Seagull Housing (002084.SZ) issued a stock trading change announcement, saying that the company has noticed that some media have listed the company as a "heat pump concept" related stocks, and as of now, the company's main business focuses on the manufacturing services and sales of the whole group of faucets and parts of bathroom and kitchen products. The PTR valves and TVA valves produced by Zhuhai Edison Energy Saving Technology Co., Ltd., a holding subsidiary, can be applied to air energy heat pump water heaters, and all such valve bodies will be sold in China in 2024, achieving an operating income of about 35 million yuan, accounting for 1.2% of the company's operating income in 2023, which is extremely low and will not have an impact on the company's performance. Zhuhai Shengou Industrial Energy Saving Technology Co., Ltd., an associate of the company, develops, produces and sells self-produced heat pumps and energy-saving equipment, and there is no business development in 2024. In addition, the Company has not found any undisclosed material information reported by other public media that may or has had a significant impact on the trading price of the Company's shares.

[Zhaowei Electromechanical: Planning to issue H shares and list on the Hong Kong Stock Exchange].

Zhaowei Electromechanical (003021.SZ) announced that the company intends to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange"). The Company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and select an appropriate time and issuance window to complete the issuance and listing within the validity period of the resolution of the shareholders' meeting (i.e., 24 months from the date of deliberation and approval by the shareholders' meeting of the Company or other periods agreed to be extended).

[Founder Securities: China Cinda intends to reduce its holdings of no more than 1.00% of the company's shares].

Founder Securities (601901.SH) announced that the company's shareholder China Cinda plans to reduce its holdings of the company's shares by centralized bidding within three months after 15 trading days from the date of this announcement to no more than 82.321 million shares, accounting for about 1.00% of the company's total share capital. The reduction period is from April 29, 2025 to July 28, 2025. The source of the reduction of shares is obtained by agreement transfer.

Investment & Contracting

[Beijing-Shanghai High-speed Railway: Signed a strategic cooperation framework agreement with China Railway Economic Planning and Research Institute].

The Beijing-Shanghai High-speed Railway (601816.SH) announced that the company signed the "Strategic Cooperation Framework Agreement" with the China Railway Economic Planning and Research Institute on April 2, 2025, aiming to carry out long-term and stable strategic cooperation in operation management, operation and maintenance standards, digital and intelligent construction, scientific research and achievement transformation through strong alliances. The agreement is a strategic and framework agreement reached by the two parties based on the willingness to cooperate, and will not have a significant impact on the company's operating results in 2025. The follow-up cooperation content, including specific cooperation methods, cooperation projects and other matters, still needs to be further negotiated and determined by the two parties.

[Green Power: Signed a strategic cooperation agreement with Gootech Technology].

Green Power (601330.SH) announced that the company and Gootech signed a "strategic cooperation agreement" on April 3, 2025, and the two sides will carry out technical exploration and cooperation in the fields or directions of intelligent inspection robots or drones, smart park platform construction and carbon emission reduction, so as to promote the intelligent upgrading of robots (drones) in the waste incineration industry in terms of intelligent inspection, intelligent security, and dangerous space operations. At the same time, in the field of solid waste, the two sides have worked closely together to explore new processes for solid waste treatment. During the cooperation period, the two parties will set up a separate project according to the actual topic, and sign relevant cooperative R&D and intellectual property sharing agreements.

[Huada Technology: Signed a strategic cooperation framework agreement with Feilong Co., Ltd.].

Huada Technology (603358.SH) announced that the company signed a "strategic cooperation framework agreement" with Feilong Auto Parts Co., Ltd. The two parties will give full play to their respective advantages, focus on the fields of new energy vehicles, energy storage and data center thermal management, and jointly undertake the R&D, production and sales of core components, assemblies and integrated solutions of related products, form advantages integration and complementarity, achieve mutual benefit and win-win results, and make joint investments when necessary, in order to expand market share, achieve coordinated development, and respond to the ever-changing and fast-growing customer and market demand.

Increase or decrease in holdings & repurchase

[MGI: 5 shareholders inquire, transfer 1.85% shares].

MGI (688114.SH) announced that five shareholders, including CPE Investment (Hong Kong) 2018 Limited, CHD Biotech Co-invest Limited, Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited, and Ascent Cheer Limited, intend to reduce their holdings by way of inquiry transfer7. 710,256 shares, representing 1.85% of the company's total share capital. The transferor undertakes that the shares held by the transferor have been released from the restriction on sale, the ownership is clear, and there is no restriction or prohibition on transfer. The inquiry transfer is not carried out through centralized bidding transactions or block transactions, and the transferee shall not transfer within 6 months after the transfer. The minimum transfer price is 70% of the average trading price of the shares in the 20 trading days prior to the issuance of the invitation to subscribe. Investors participating in the transfer need to have the appropriate pricing power and risk tolerance.

[Sanlian Forging: High-tech Tonghua plans to reduce its holdings of no more than 3% of the company's shares].

Sanlian Forging (001282.SZ) announced that Anhui Tonghua High-tech Center (Limited Partnership), a shareholder of 10.14% of the company, plans to reduce the company's shares by a total of no more than 4,761,100 shares, that is, no more than 3% of the company's total share capital. Among them, if the shareholding is reduced through centralized auction trading, it will be carried out within 3 months after 15 trading days from the date of disclosure of the announcement, and the total number of shares reduced shall not exceed 1% of the company's total share capital within any consecutive 90 natural days; If the shareholding is reduced through block trading, it will be carried out within 3 months after 15 trading days from the date of disclosure of the announcement, and the total number of shares to be reduced shall not exceed 2% of the company's total share capital within any consecutive 90 natural days.

Business & Performance

[Lotus Holdings: Net profit in 2024 will be 207 million yuan, a year-on-year increase of 59.12%].

Lotus Holdings (600186.SH) announced that it will achieve operating income of 2.659 billion yuan in 2024, a year-on-year increase of 26.55%; net profit attributable to shareholders of listed companies was 207 million yuan, a year-on-year increase of 59.12%. The main factors include adhering to the brand revival strategy, optimizing the layout of the marketing network, promoting the upgrading of product channels, and continuing to promote the reform of the system and mechanism and the optimization of cost control.

Miscellaneous

[Zijin Mining: Completion of the sale of assets].

Zijin Mining (601899.SH) announced that on January 1, 2025, Norton Gold Fields Pty Ltd (hereinafter referred to as "Norton Gold Fields"), a wholly-owned subsidiary of the company's Australian subsidiary, signed an agreement with Minerals 260 (an ASX listed company, stock code: MI6, mainly engaged in mineral resource exploration and evaluation in Western Australia), stipulating that Norton Gold Fields will its wholly-owned subsidiary, Bullabulling Gold Pty Ltd for $106.5 million in cash and an additional $10 million worth of shares from MI6 to Norton Goldfield for zero consideration. To date, Norton Goldfield has received $156.5 million in cash and $10 million worth of 83.33 million MI6 shares (representing 3.87% of the total share capital of MI6 after the additional issue), and the transaction has been officially completed. This transaction is in line with the company's strategic plan of "grasping the big and letting go of the small" and divesting assets with limited contribution to the company's overall value, while achieving a good return on investment, which will help optimize the asset structure and improve the operational efficiency of Norton Goldfield. Collection

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