Finance Associated Press

Daqin Railway: Won the license of CITIC Financial Assets and held 5% of the shares

Today's Spotlight

[Baobian Electric: net profit in the first quarter increased by 1251% year-on-year].

Baobian Electric (600550.SH) released the first quarter report showing that the company's operating income was 1.479 billion yuan, a year-on-year increase of 120.38%, mainly due to the increase in orders and product sales. At the same time, the net profit attributable to shareholders of listed companies was 28.3107 million yuan, a year-on-year increase of 1250.51%, mainly due to the increase in operating income, gross profit and other income.

[Daqin Railway: Obtained CITIC Financial Assets' shareholding ratio of 5%].

Daqin Railway (601006) announced that the company received the "Simplified Equity Change Report" issued by China CITIC Financial Asset Management Co., Ltd., informing it to increase its holdings of 2.0125 million shares of the company in the secondary market through the entrusted single asset service trust - CITIC Trust No. 1 Asset Service Trust Project. After this increase, CITIC Financial Assets holds a total of 1.007 billion A-share ordinary shares of Daqin Railway, accounting for 5.00% of the total issued shares of Daqin Railway.

[Goertek: plans to repurchase 500 million yuan to 1 billion yuan of the company's shares].

Goertek (002241.SZ) announced that the company intends to use its own funds and self-raised funds of 500 million yuan to 1 billion yuan to repurchase shares for the later implementation of employee stock ownership plans or equity incentive plans. The repurchase price does not exceed 38.97 yuan per share, and the number of shares that can be repurchased is expected to be about 25.6608 million shares, accounting for 0.74% of the company's total share capital. The period for repurchasing shares shall not exceed 12 months from the date on which the board of directors deliberates and approves the share repurchase plan.

[China Railway: The chairman proposed to repurchase 800 million yuan to 1.6 billion yuan of the company's A shares].

China Railway (601390.SH) announced that Chen Wenjian, chairman of the company, proposed to repurchase some of the company's A-share shares through centralized bidding transactions, with a total repurchase fund of 800 million yuan to 1.6 billion yuan. The repurchased shares will be used to reduce the registered capital to maintain the company's value and shareholders' equity. The upper limit of the repurchase price shall not be higher than 150% of the average trading price of the company's A shares in the 30 trading days before the board of directors deliberated and approved the resolution of the share repurchase plan. The repurchase period is 12 months from the date of approval of the plan by the general meeting of shareholders. Chen Wenjian promised to actively promote the company to convene a board of directors and a general meeting of shareholders as soon as possible to consider the repurchase of shares.

[Runze Technology: The chairman proposed to repurchase the company's shares with 500 million yuan to 1 billion yuan].

Runze Technology (300442.SZ) announced that Zhou Chaonan, chairman of the company, proposed on April 10, 2025 that the company repurchase part of the RMB ordinary shares (A shares), with a total repurchase fund of 500 million yuan to 1 billion yuan, and the repurchase price was not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberated and approved the resolution to repurchase shares. The repurchased shares will be used for equity incentives or employee stock ownership plans or for the conversion of corporate bonds issued by listed companies that can be converted into shares.

[6 Seagull Residential: Exports to the U.S. account for about 30% of the overall revenue].

Seagull Housing (002084.SZ) issued a change announcement, recently, the U.S. government announced that the United States will impose reciprocal tariffs on Chinese goods exported to the United States, and continue to increase the proportion of tariffs, and it is still necessary to pay attention to the progress of tariffs. The company's main business focuses on the manufacturing, service and sales of faucets and parts of bathroom and kitchen products, of which the export business to the United States accounts for about 30% of the overall revenue. In response to the continuous impact of Sino-US trade frictions since 2018, the company has started to establish a faucet production base in Vietnam in 2019 and began shipping in 2022, which will help the company better cope with the potential risks caused by the additional tariffs. In view of the fact that there are still many uncertainties in the current policy, investors are advised to invest rationally and pay attention to investment risks.

[Gifore Technology: The controlling shareholder plans to change the company's control related matters and the stock is suspended].

Gifore Technology (300022.SZ) announced that the company's controlling shareholder, Sichuan Teqi Education Management Co., Ltd., is planning matters related to the change of control of the company, and the specific plan is subject to the relevant agreements signed by all parties. In order to ensure fair information disclosure and avoid abnormal fluctuations in the company's stock price, the company's shares will be suspended from the market open on April 11, 2025, and the suspension is expected to last no more than 2 trading days.

[Highpower Technology: net profit in the first quarter is expected to increase by 847%-1004% year-on-year].

Highpower Technology (001283.SZ) announced that it expects operating income in the first quarter of 2025 to be 1.15 billion yuan to 1.25 billion yuan, a year-on-year increase of 15.74%-25.81%; The net profit attributable to shareholders of listed companies was 30 million yuan to 35 million yuan, a year-on-year increase of 846.70% to 1,004.48%. The increase in performance was mainly due to the deepening of the company's strategic cooperation with leading customers, which drove the growth of core business shipments, as well as the reduction of management costs and the improvement of operational efficiency after the integration of production capacity. At the same time, the company has made strategic layout and investment in the field of AI device-side applications, and actively integrated into the value creation activities of leading brands in subdivided fields.

[CICC: net profit is expected to increase by 50% to 70% year-on-year in the first quarter].

CICC (601995.SH) announced that it expects to achieve net profit attributable to shareholders of the parent company of 1.858 billion yuan to 2.106 billion yuan in the first quarter of 2025, a year-on-year increase of 50% to 70%. The main reason for the expected increase in performance is that the company actively grasped market opportunities, promoted cost control measures, and achieved substantial growth in wealth management, equity business and other business lines.

[China Securities Construction Investment: net profit in the first quarter is expected to increase by about 50% year-on-year].

China Securities Construction Investment (601066.SH) announced that it is expected to achieve a net profit attributable to shareholders of the parent company of about 1.843 billion yuan in the first quarter of 2025, a year-on-year increase of about 50%. The main reason for the increase in performance was the year-on-year increase in brokerage business and proprietary business income.

[Allwinner Technology: net profit is expected to increase by 73%-104% year-on-year in the first quarter, and it does not involve direct exports to the U.S. market].

Allwinner Technology (300458.SZ) announced that it is expected that the net profit attributable to shareholders of listed companies in the first quarter of 2025 will be 85 million yuan to 100 million yuan, an increase of 73.16%-103.72% over the same period last year. During the reporting period, the company actively expanded in the fields of intelligent automotive electronics, sweeping robot and intelligent projection, and achieved a year-on-year increase of about 50% in operating income. On the same day, it was announced that the company was not involved in direct exports to the U.S. market. The tariffs imposed this time have little direct impact on the company's overall operations.

[Shandong Diwei: Shandong University, the actual controller of the company, plans to deepen the reform of the school-affiliated enterprise system, which may lead to changes in the controlling shareholder and actual controller].

Shandong Diwei (688579.SH) announced that Shandong University, the actual controller of the company, is planning to deepen the reform of the school's affiliated enterprise system, which may lead to changes in the company's controlling shareholders and actual controllers. At present, the matter is still in the planning stage and there are uncertainties. The capital operation company holds 118,342,400 shares of the company, accounting for 29.58% of the company's total share capital, and is a wholly state-owned enterprise under Shandong University. At present, the controlling shareholder of the company is the capital operation company, and the actual controller is Shandong University.

Private placement & financing & repurchase

[Tianshan Aluminum: It is planned to repurchase the company's shares with no less than 200 million yuan and no more than 300 million yuan].

Tianshan Aluminum (002532.SZ) announced that the company intends to use special loans for share repurchase and its own funds to repurchase some of the company's A-share ordinary shares issued by the company in a centralized bidding transaction, with a total capital of not less than 200 million yuan (inclusive) and no more than 300 million yuan (inclusive). The repurchase price shall not exceed 10 yuan per share (inclusive), and the repurchased shares will be used to implement the employee stock ownership plan or equity incentive plan, and if it is not used for the above purposes within 36 months, the unused part of the repurchased shares shall be cancelled. The company has obtained the "Loan Commitment Letter" from the Xinjiang Branch of the Industrial and Commercial Bank of China, promising to provide a share repurchase loan of 270 million yuan.

[Shanghai Electric: plans to repurchase A-shares for 150 million yuan to 300 million yuan to reduce registered capital].

Shanghai Electric (601727.SH) announced that the company intends to repurchase the company's A shares in a centralized bidding transaction to reduce the company's registered capital. It is estimated that the repurchase amount shall not be less than 150 million yuan (inclusive) and not more than 300 million yuan (inclusive), and the repurchase price shall not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors deliberates and passes the repurchase resolution, that is, no more than 12.29 yuan per share (inclusive). The repurchase plan still needs to be submitted to the general meeting of shareholders, the meeting of class shareholders of A shares and the meeting of class shareholders of H shares for deliberation, and the repurchase period is three months from the date of approval by the general meeting of shareholders.

[AVIC Heavy Machinery: Obtained a letter of commitment for a share repurchase loan of no more than 360 million yuan from a financial institution].

AVIC Heavy Machinery (600765.SH) announced that the company recently obtained the "Loan Commitment Letter" issued by the Guizhou Branch of the Bank of China, promising that the loan amount will not exceed 360 million yuan, which will be used to repurchase the shares of listed companies and be valid for 1 year. This matter does not constitute a related party transaction or a major asset restructuring, and will not have a significant impact on the company's operating results for the year.

[Satellite Chemical: plans to repurchase the company's shares for 200 million yuan to 400 million yuan].

Satellite Chemical (002648.SZ) announced that the company plans to repurchase the company's issued RMB ordinary shares (A shares) with its own/self-raised funds of not less than 200 million yuan (inclusive) and no more than 400 million yuan (inclusive) for the implementation of the company's business partner stock ownership plan or other equity incentive plans.

[Guotai Junan: has repurchased 3,003,500 A shares for the first time].

Guotai Junan (601211.SH) announced that on April 10, 2025, the company repurchased 3,003,500 shares of A shares for the first time through centralized bidding transactions, accounting for 0.017% of the total share capital, with the highest purchase price of 16.72 yuan per share and the lowest price of 16.49 yuan per share, with a total amount of 50.0036 million yuan paid. The repurchase is used to maintain the company's value and shareholders' equity, the repurchase price does not exceed 26.35 yuan per share, and the total amount of funds is not less than 1 billion yuan and not more than 2 billion yuan.

Business & Performance

[Xiling Power: net profit is expected to increase by 98% to 117% year-on-year in the first quarter].

Xiling Power (300733.SZ) announced that it is expected that the net profit attributable to shareholders of listed companies in the first quarter of 2025 will be 20 million yuan to 22 million yuan, an increase of 97.68% to 117.44% over the same period last year. The main reasons are the continuous growth of the civil aviation business, the rebound of the military aviation parts business, and the optimization of the supply chain system and the improvement of product profitability of the auto parts business.

[Jinli Permanent Magnet: net profit in the first quarter is expected to increase by 50%-60% year-on-year].

Jinli Permanent Magnet (300748.SZ) announced that it is expected that the net profit attributable to shareholders of listed companies in the first quarter of 2025 will be 153 million yuan to 163 million yuan, a year-on-year increase of 50%-60%. In the first quarter, the company's management actively explored the market and simultaneously expanded production capacity to maintain stable operation. The company continues to focus on the field of new energy, energy conservation and environmental protection, focusing on core application fields such as new energy vehicles and auto parts, energy-saving inverter air conditioners, wind power generation, robots and industrial servo motors, 3C, low-altitude aerial vehicles, etc., and actively cooperates with internationally renowned technology companies in the research and development of embodied robot magnetic components. During the reporting period, the company's operating income is expected to be 1.7 billion yuan, a year-on-year increase of more than 10%.

[Wall Nuclear Materials: Net profit is expected to increase by 30%-40% year-on-year in the first quarter].

Wall Nuclear Materials (002130.SZ) announced that it is expected that the net profit attributable to shareholders of listed companies in the first quarter of 2025 will be 240 million yuan to 258 million yuan, an increase of 30% to 40% over the same period last year. The growth in performance was mainly due to the company's continuous increase in R&D and market development efforts, and the continuous development of new products and new customers, which made the company's operating income of electronic products, wire products and new energy vehicle business related products achieve varying degrees of growth. Among them, benefiting from the rapid growth of demand in downstream industries such as data communication, the company's high-speed communication line product revenue growth rate is relatively fast. At the same time, the company has improved profitability by improving the level of automation and improving production efficiency.

[East China Heavy Machinery: net profit of about 123 million yuan in 2024 year-on-year].

Huadong Heavy Machinery (002685.SZ) announced that its operating income in 2024 will be about 1.184 billion yuan, an increase of 76.48% year-on-year; The net profit attributable to shareholders of the listed company was about 123 million yuan, a year-on-year turnaround. The company has completed the divestiture of the CNC machine tool business, and has actively deployed in the field of new quality productivity, and the newly acquired GPU chip design business subsidiary has brought new business and profit growth points to the company.

[Feirongda: net profit is expected to increase by 77%-99% year-on-year in the first quarter].

Feirongda (300602.SZ) announced that it is expected that the net profit in the first quarter of 2025 will be 55 million yuan to 62 million yuan, a year-on-year increase of 76.69%-99.18%. The company's consumer electronics business continued to grow due to the recovery of market demand, and the business of terminal products such as mobile phones and laptops continued to grow. The company's operating income in the field of communications increased year-on-year, and the AI server-related business received small batch orders from customers and gradually entered mass production.

[Huali Group: Net profit in 2024 will increase by 20% year-on-year, and it is planned to distribute a cash dividend of 23 yuan for every 10 shares].

Huali Group (300979.SZ) released its 2024 annual report, and the company achieved operating income of 24.006 billion yuan, a year-on-year increase of 19.35%; net profit was 3.840 billion yuan, a year-on-year increase of 20%. The company intends to distribute a cash dividend of 23 yuan (tax included) for every 10 shares. The company is mainly engaged in the product development, design, production and sales of sports shoes, and is an important partner of Nike, Adidas and other internationally renowned sports and leisure brands. The main products include athleisure shoes, outdoor boots, sports sandals/slippers, etc.

[Beiyuan Group: net profit in the first quarter is expected to increase by 431% to 453% year-on-year].

Beiyuan Group (601568.SH) announced that it is expected to achieve a net profit attributable to the owners of the parent company of 86.04 million yuan to 89.55 million yuan in the first quarter of 2025, an increase of 69.85 million yuan to 73.36 million yuan compared with the same period last year, an increase of 431.44% to 453.12% year-on-year. The main reason is that the purchase price of calcium carbide and coal, the main raw materials, decreased year-on-year during the reporting period, and the production capacity of alumina, a downstream product of caustic soda, increased, the demand for caustic soda increased, and the sales price increased year-on-year.

[Changan Automobile: Net profit in 2024 will decrease by 35.37% year-on-year, and 10 distributions of 2.95 yuan will be proposed].

Changan Automobile (000625.SZ) announced that it will achieve operating income of 159.733 billion yuan in 2024, a year-on-year increase of 5.58%; net profit was 7.321 billion yuan, down 35.37% year-on-year. The company intends to distribute a cash dividend of 2.95 yuan (tax included) for every 10 shares.

Underweight & Overweight

[Goertek: The implementation of the controlling shareholder's shareholding increase plan has been completed, with a cumulative cost of about 1 billion yuan].

Goertek (002241.SZ) announced that the company received a letter from the controlling shareholder Goertek Group, and learned that Goertek Group increased its holdings of 3,568,400 shares and 43,871,200 shares of the company from March 4 to March 6 and April 10 respectively, accounting for 1.36% of the company's current total share capital, with a cumulative transaction amount of about 1 billion yuan, which has reached the upper limit of the shareholding increase plan, and the implementation of the shareholding increase plan has been completed.

[Inspur information: the chairman proposes to repurchase 200 million yuan-300 million yuan of the company's shares, and Inspur Group plans to increase its holdings of 100 million yuan-200 million yuan of the company's shares].

Inspur Information (000977.SZ) announced that Peng Zhen, chairman of the company, proposed to repurchase part of the company's shares for purposes permitted by laws and regulations such as reducing the company's registered capital. The price of the repurchased shares 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 the shares, and the total amount of funds shall not be less than RMB 200 million (inclusive) and not more than RMB 300 million (inclusive). The proposer did not buy or sell the company's shares within six months before this proposal, and there was no plan to increase or decrease the company's shares during the repurchase period. At the same time, Inspur Group intends to increase its holdings of the company's shares by no less than 100 million yuan and not more than 200 million yuan, and the main body of the increase, Inspur Group, directly holds 31.93% of the company's shares before the increase, and its concerted action Inspur Software Technology Co., Ltd. holds 0.39% of the shares. There is no price range for the shareholding increase plan, and it will be implemented at an opportune time based on the fluctuation of the company's stock price and the overall trend of the capital market.

Transfers & Acquisitions & Investments

[Dafeng Industry: Signed an equity cooperation agreement with Zhiyuan Robot to jointly develop a humanoid robot project].

Dafeng Industrial (603081.SH) announced that the company signed an "equity cooperation agreement" with Shanghai Zhiyuan Xinchuang Technology Co., Ltd., and the two parties will jointly invest in the establishment of a joint venture company, mainly engaged in the development and commercialization of humanoid robot projects that match the needs of cultural entertainment, sports, travel and business scenarios. The registered capital of the joint venture is 10 million yuan, of which Dafeng Industrial contributes 8.5 million yuan, accounting for 85% of the registered capital. The cooperation aims to further promote the resource integration and technical collaboration between the two parties in the fields of entertainment, sports, travel and business scenarios and embodied intelligent robots through the establishment of the joint venture and the clarification of implementation rules.

[East China Heavy Machinery: It is planned to invest 1 billion yuan to build an intelligent manufacturing base project for marine wharf engineering and land engineering].

Huadong Heavy Machinery (002685.SZ) announced that the company plans to invest in the construction of the "East China Heavy Machinery Intelligent Manufacturing Base Project" in the Lusi operation area of Nantong Port, with a total investment of 1 billion yuan for marine wharf engineering and land engineering. The main body of the project is Nantong Huadong Heavy Machinery Co., Ltd., a wholly-owned subsidiary, and the company has passed the resolution of the board of directors and requested the general meeting of shareholders to authorize the chairman of the board of directors to increase the capital of Nantong Huazhong in a timely manner within the scope of the total investment and determine the amount of capital increase. The construction period of the project is expected to be 10 months for the marine wharf project and 18 months for the land project. After the completion of the project, the marine wharf project is expected to achieve an annual shipment capacity of 105 units, and after the completion of the land project, it is expected to have an annual production capacity of 92 rail cranes and 28 quay cranes. The project will not have a significant impact on the company's operating performance in the short term, and the impact on the company's long-term development depends on the promotion and implementation of the follow-up project.

[Rongtai shares: plans to jointly invest with Runfu Power to establish Jiangsu Runtai Robot Technology Co., Ltd.].

Rongtai shares (605133.SH) announced that the company intends to jointly invest with Jiangsu Runfu Power Technology Co., Ltd. to establish "Jiangsu Runtai Robot Technology Co., Ltd.", with a registered capital of 65 million yuan, the company subscribed 29.25 million yuan, and paid in 65 million yuan, accounting for 45% of the equity of the joint venture. The joint venture's business scope is limited to the R&D, production, and sales of planetary roller screws and ball screws for humanoid robots and automotive chassis systems.

Stock price movements

[China Duty Free: The company's stock price fluctuates greatly in the short term].

China Duty Free (601888.SH) issued a change announcement that the deviation of the daily closing price increase of the company's A-share shares for three consecutive trading days (April 8, 2025 to April 10, 2025) exceeded 20%, and the company's stock price fluctuated greatly in the short term. The company's main business and fundamentals have not undergone major changes, please pay attention to the secondary market transaction risks, rational decision-making, prudent investment.

[2 Lianban Wangfujing: The company has not found any media reports or market rumors that need to be clarified or responded to].

Wangfujing (600859.SH) announced that the company's stock price has deviated from the closing price by more than 20% for three consecutive trading days, which is an abnormal fluctuation in stock trading. After self-inspection, the market environment and industry policies of the industry in which the company is located have not undergone major adjustments, sales and other conditions have not fluctuated significantly, and the internal production and operation order is normal; No media reports or market rumours were identified that required clarification or response. In addition, the company does not have any material matters that affect the abnormal fluctuation of the company's stock trading price, nor does it have any material information that should be disclosed but has not been disclosed.

Miscellaneous

[Kingsoft Office: The controlling shareholder of the company promised not to reduce the company's shares].

Kingsoft Office (688111.SH) announced that the company's controlling shareholder, KingsoftWPSCorporation Limited, voluntarily promised that from April 10, 2025 to December 31, 2025, it will not reduce its holdings of the company's shares in any way, including the new shares obtained due to the conversion of the company's capital reserve into share capital, distribution of stock dividends, allotment, additional issuance and other matters. As of the disclosure date of the announcement, WPS Hong Kong held 238,387,351 shares of the company, accounting for 51.52% of the company's total share capital.

[*ST Furun: The company's shares have touched the conditions for termination of listing and will be suspended from tomorrow].

*ST Furun (600070.SH) announced that as of April 10, 2025, the closing price of the company's shares was 0.42 yuan per share, and the closing price has been lower than 1 yuan for 20 consecutive trading days; The total market value of the closing market was about 213 million yuan, which has been less than 500 million yuan for 20 consecutive trading days. According to the regulations, the company's shares have reached the conditions for termination of listing. The Company's shares may be terminated from trading on the Shanghai Stock Exchange. Trading in the company's shares will be suspended from the market open on April 11, 2025. The SSE will issue a prior notice to the company of its intention to terminate the listing of its shares within 5 trading days after the company touches the situation of compulsory delisting of the trading type. According to the Stock Listing Rules, the shares of companies that are compulsorily delisted for trading do not enter the delisting period. Collection

Read 2531

I want to comment

image

You are welcome to post valuable comments, advertisements and discord comments will be deleted, and comments will be banned from your account.