[headline announcement Nuggets]

Tianqi Lithium Industry (09696): SQM debt has been repaid in full, further improving overall asset-liability ratio and financial leverage ratio

Tianqi Lithium Industry announced that as of July 27, 2022, the group has fully repaid the SQM debt. The Company and its related subsidiaries are in the process of relieving the related pledge guarantee for SQM debt.

Comments:Tianqi Lithium Industry is a leading new energy material enterprise with lithium as the core in China and the world. The business covers the key stages of the lithium industry chain, including the development of hard rock lithium ore resources, the processing and sales of lithium concentrate and the production and sales of lithium chemical products.

The company is sitting on the world's high-quality mines and salt lakes, with great potential in the future. In terms of mines, Terlison Mine has a capacity of 1.34 million tons of lithium concentrate; the new tailing reservoir project has been completed and put into production, contributing an additional 280000 tons of production capacity; and the third phase of the production expansion project (520000 tons / year) is expected to be put into production in 2025. In addition, the resumption of the Yajiang Zola lithium mine has been planned to be exploited as soon as possible.

Salt Lake, the company currently has a production capacity of about 45000 tons of lithium chemical products, medium-term planned production capacity of more than 110000 tons. Among them, Sichuan Suining Anju 20,000 tons of lithium carbonate project is expected to be completed and commissioned by 2023H2. The first phase of Quinana 24000 tons of lithium hydroxide project has been put into trial operation, has produced battery-grade lithium hydroxide products.

Full repayment of SQM debt will help to further improve the company's overall asset-liability ratio and financial leverage ratio, reduce financial costs, enhance operating efficiency, and enhance competitiveness in an all-round way. In 2022, Q1 returned to its mother with a net profit of 3.33 billion yuan, a month-on-month ratio of + 115%, entering the performance-redeeming period. SQM's investment in Q1 brings the company a confirmed investment return of about 500 million, which is + 656% compared with the same period last year.

[key announcement Nuggets]

People's livelihood Education (01569): acquire 51% stake in Shanghai CIIC for 8.75 million yuan and enter into strategic cooperation agreement with CIIC Science and Technology.

Minsheng Education announced that the company's wholly-owned subsidiary "Beijing Aopeng" distance Education Center Co., Ltd. intends to acquire 51% of the shares of China Intelligence Science and Technology Group Co., Ltd. signed an agreement, the transaction price is 8.75 million yuan. On the same day, the company entered into a strategic cooperation agreement with CIIC Technology.

Comments:Since 2019, Minsheng Education has actively sought the transformation of the Internet, and has successively acquired leading education and technology platforms related to vocational education, such as Duxue Network, TVU online, Xiaoai Science and Technology, Minsheng online, YouTube, and so on. The main business has changed from campus education to the combination of online education and campus education, and the strategic transformation of "Internet +" vocational education has been completed.

In 2021, the company's revenue from online education and other education services reached 1.14 billion yuan, accounting for 48% of the company's total revenue, of which distance education services achieved revenue of 800 million yuan. The number of users of the company's main online education platform is growing steadily:

Aopeng Education provided distance education and open education to 1.07 million students, and the number of students served increased by 2.3% over the same period last year. The number of new users of the Duxue network was 606000, an increase of 41.6% over the same period last year. 158000 students were enrolled in Minsheng online service and above, an increase of 18.8%.

The board of directors believes that the acquisition further deepens the development strategy of "Internet + Vocational Education", gives full play to the advantages of the full integration of state-owned capital and private capital, combines the high-quality resources of both sides, and consolidates the Group's resources and brand advantages in international education. effectively expand the international education cooperation channel network, and lay a good foundation for the implementation of the strategy of "going out" and "bringing in" of the group's service talents.

Great Wall Motor (02333): buy back 8.689 million shares at a cost of about HK $110 million

Great Wall Motor announced that the company spent about HK $110 million on July 28, 2022 to buy back 8.689 million shares at a price of HK $12.54-HK $12.90 per share.

Comments:Great Wall Motor Co., Ltd. is the largest SUV manufacturer in China, with two brands of Harvard and Great Wall, four vehicle production bases and independent supporting capabilities of core components such as engines and transmissions.

In the first half of the year, the proportion of models based on lemon platform (including lemon hybrid DHT), tank platform and coffee intelligence increased to 69% from 57% in 2021, intelligent vehicles increased to 85% from 74% in 2021, and vehicles worth more than 200000 yuan increased to 14% from 10% in 2021. Product structure continues to be optimized, superimposed Harvard, tanks and other brand models benefit from the purchase tax halving policy, providing support for the company to improve profitability.

The company changed the underlying structure, the enterprise orientation changed from "automobile manufacturing enterprise" to "user service operation enterprise", and the business model changed to "product + software + service", which laid the foundation for it to effectively tap the market demand. In the critical period of the reform of electric intelligence in the automotive industry, the company is a traditional independent car company with early transformation. The long-term accumulation of core technology and the product strategy of each brand focusing on subdivision are important driving forces for the company's continuous transformation of electric intelligence.

Prior to the performance forecast, the company expected to achieve a net profit of 53-5.9 billion yuan in the first half of 2022, an increase of 50.2%-67.2% over the same period last year, and a non-return net profit of 18-2.3 billion yuan.

[list of important announcements for Hong Kong stocks]