Tencent Securities, June 30. Summary of major favorable and negative news reports from listed companies this weekend:

[Science and Technology Innovation Board]

Ruichuang Microfinance: Determined through a preliminary inquiry that the price of this issue is 20 yuan/share

Tianzhun Technology: Through a preliminary inquiry, it was determined that the issue price was 25.50 yuan/share

Huaxing Yuanchuang: Winning numbers released, a total of 22,929

Advantages:

[Pacific Securities: ImproveKweichow MoutaiTarget price is 1,240 yuan]

According to a research report published by the Pacific Securities Food and Beverage Huang Fusheng team, the main reasons for this round of collective liquor growth include: continued accumulation of long-term capital, concentrated groups of domestic institutions, low sales of famous liquor in the off-season, and better growth expectations. Combined with the past cycle and its valuation center, the current valuation of liquor has not clearly bubble. Judging that Kweichow Moutai's valuation will continue to rise, the target price was raised to 1,240 yuan based on 2020 EPS by 30 times PE, corresponding to the 2019 PE rating of 34.9 times.

[San'an OptoelectronicsRemoved from the “unverified list” by the US BIS]

Recently, the Bureau of Industry and Security (BIS) of the US Department of Commerce removed eight Chinese entities, including San'an Optoelectronics, from the “Unverified List” (UVL). Industry insiders pointed out that this move means that BIS has passed the authenticity review of the end users and end uses of these companies and has fully complied with the relevant provisions of the US Export Administration Regulations (EAR). As a result, these enterprises can resume normal business dealings and business cooperation with parties involved in the international industry chain (especially US companies). (Securities Times)

[The Securities Regulatory Commission agreed to register for IPO on the Science and Technology Innovation Board of Rongbaetech and Guangfeng Technology]

The Securities Regulatory Commission reported on the evening of the 30th that recently, in accordance with legal procedures, the Securities Regulatory Commission approved the initial public offering of shares by the Science and Technology Innovation Board of the following companies: Ningbo Rongbai New Energy Technology Co., Ltd. and Shenzhen Guangfeng Technology Co., Ltd. The companies mentioned above and their underwriters will separately negotiate with the Shanghai Stock Exchange to determine the issuance schedule and publish prospectus documents one after another.

[HISCO: Performance for the first half of the year is expected to increase by 50%-65%]

　On the evening of June 30, Hisco (002653) disclosed its 2019 semi-annual results forecast. The company had an estimated profit of 218 million yuan to 240 million yuan, an increase of 50%-65% over the previous year. The reason for the increase in performance is that the company's marketing team actively promoted various related tasks, resulting in a significant increase in sales revenue and sales volume over the same period last year.

[*ST integration: The shareholding company plans to cooperate to invest in the construction of a new power lithium battery production line and introduce a capital increase of 3.5 billion yuan]

*ST Integration announced in the evening that the shareholding company Lithium Battery Technology signed an agreement with the Xiamen Torch High-tech Industrial Development Zone Management Committee and Xiamen Jinyuan Investment Group Co., Ltd. to cooperate to invest in the construction of a new power lithium battery production line project. The project plan finally forms an annual production capacity of 20 Gwh. At the same time, the Xiamen side plans to gradually increase the capital of lithium battery technology by no more than 3.5 billion yuan. The company plans to abandon the capital increase of the same ratio, and the proportion of shares held by the company in lithium battery technology will gradually decrease.

[Limin Co., Ltd.: Performance forecast for the first half of the year is 90%-100%]

On the evening of June 30, Limin Co., Ltd. disclosed its 2019 semi-annual results forecast. The company's pre-profit was 196 million yuan to 206 million yuan, an increase of 90% -100% over the previous year. The increase in performance was due to continued growth in market demand for the products of the company, participating companies and holding subsidiaries, sharp increases in volume and price, and profit growth brought about by the merger of Weiyuan Asset Group.

[Jinglan Technology: Jinglan Muhe plans to introduce war investment to increase capital by no more than 900 million yuan]

Jinglan Technology announced in the evening that its subsidiary, Jinglan Muhe, plans to introduce strategic investor Zheshang Investment by means of a capital increase. The proposed capital increase amount will not exceed 900 million yuan. The value of 100% of Jinglan Muhe's shares on the evaluation benchmark date (December 31, 2018) is 2,818 billion yuan. The capital increase will not affect the company's actual control over it and the scope of consolidated statements.

[Chairman of Zhongke Investment Promotion: The proposed introduction of war investment is a very large state-owned enterprise that completed due diligence in May]

This morning, Shan Xiangshuang, chairman of Zhongke Investment Promotion, said at the 2018 Annual Shareholders' Meeting, “We hope for the exact date the sooner the better. The current situation is that the other party has completed due diligence on us in May and has begun the decision-making process. Because the other party is a very large state-owned enterprise, we have also signed a confidentiality agreement with them and cannot disclose relevant information.” Regarding the request from some small to medium investors to repurchase shares, Shan Xiangshuang pointed out that the Office of Directors and Secretaries is currently actively studying the relevant plans and hopes to come up with a plan in the second half of the year. (Surge News)

[China Industrial International: The signing of US$295 million project contracts accounted for nearly 20% of last year's revenue]

China Industrial International announced in the evening that the company signed a commercial contract for the Ghanaian Lalao Industrial Project with Ghanaian Lalao Industrial Holdings Co., Ltd., with a contract amount of US$295 million, or RMB 2,029 billion, or 19.99% of the company's total revenue in 2018. The contract period was 32 months.

[Derun Electronics: Holding subsidiary Meta increases capital and introduces Hong Kong Wing Group]

Derun Electronics announced on the evening of June 30 that Derun Europe, a wholly-owned subsidiary, plans to transfer 6% of its Meta shares to Hong Kong Rong Group for 16.2 million euros. Meanwhile, Hong Kong Rong Group increased Meta's capital by 76.26 million euros and obtained 22.02% of Meta's shares after the capital increase. Additionally, Derun Group plans to transfer 10% of Meta's shares at a price of 27 million euros. Meta is currently focusing on expanding the NEV charger business. The current investment period of the Hong Kong Wing Group is 5 years. The exit method is Meta's independent listing or corporate buyback.

[Xinfengming: The application for a non-public offering of shares was reviewed and approved by the Securities Regulatory Commission]

Xin Fengming announced that the issuance review committee of the Securities Regulatory Commission reviewed the company's application for a non-public offering of A-shares on June 28, 2019, and the company's application for a non-public offering of A-shares was approved.

[Qujiang Cultural Tourism: Proposed capital increase of no more than 481 million yuan]

Qujiang Cultural Tourism revealed a fixed increase plan for the evening. The total amount of capital raised in this non-public offering is no more than 481 million yuan, investing in the Datang Hibiscus Garden Night Tour series, the “Dream Back to Datang” gold edition, the Imperial Palace upgrade and renovation, liquidity supplementation, and repayment of bank loans. The issuance does not include the controlling shareholders of the company, the actual controller, and their controlling affiliates.

[ZTE Commercial:Fangda Group[Completed the offer and trading will resume tomorrow]

ZTE Commercial (000715) announced on the evening of June 30 that the Fangda Group's takeover bid had been completed. In the end, 609 accounts totaling 26.459 shares (estimated to account for 9.3% of the company's total share capital) accepted the offer issued by the acquirer. After the takeover bid, Fangda Group and its co-actor Fang Wei held a total of 109 million shares of the company, accounting for 39.24% of the company's total share capital. Trading of the company's shares resumed from the opening of the market on July 1.

Unfavorable:

[Xiangdian Co., Ltd.: The counterparty to the subsidiary's pulp trading business is suspected of contract fraud]

Xiangdian Co., Ltd. announced in the evening that multiple pulp trading business partners of Guomao Co., Ltd., a wholly-owned subsidiary, were suspected of contract fraud. International Trade Company purchases pulp from Shanghai Xulin and stores it in a third-party warehouse in Kunxiang, Shanghai. After payment is made by Shanghai Hongsheng, it picks up the goods directly from Shanghai Kunxiang. According to police investigation, the actual controllers of Shanghai Xulin, Shanghai Hongsheng, and Shanghai Kunxiang are all the same person. The total amount of contracts suspected of fraud was about 370 million yuan, all of which were settled by forward letters of credit; the amount of pulp stored at the Kunxiang warehouse in Shanghai should be 420 million yuan; the contract amount for other possible economic disputes was about 190 million yuan.

[Kevin Education: Terminate the acquisition of the three WCC colleges and cooperate with Reed University in the US]

Kevin Education announced on the evening of June 30 that in order to avoid the uncertainty faced by continuing the original transaction after June 30 from adversely affecting the company's international education layout, it is also to promote cooperation between the company and Reed University in the United States as soon as possible. The parties to the transaction decided to terminate the original “Acquisition and Sale Agreement”. The company signed a “termination and cooperation agreement” with Reed University in the United States. Three colleges (WCC's three colleges), including Westminster Choir School, will continue to belong to Reed University in the United States, and Reed University in the United States will cooperate with the company in teacher program support and academic exchanges.

 China Securities Co., Ltd.(002883) On the evening of June 30, it was announced that shareholder Wang Mingchang's previous holdings reduction plan had expired. The amount of holdings reduced was 860,000 shares, and the number of shares held after the holdings reduction accounted for 3.36% of the total share capital. Wang Mingchang plans to continue reducing his holdings by no more than 1 million shares (1.15% of the company's total share capital).