Today's focus

[Lihang Technology: Currently, there is no revenue from the low-altitude economy business]

Lihang Technology issued a stock trading risk warning notice. From March 8, 2024 to March 13, 2024, the company's stock turnover rates were 33.64%, 41.98%, 27.41%, and 52.62%, respectively. The turnover rate is significantly larger than before. Investors are kindly requested to make rational decisions and invest carefully. The company's main business is aircraft ground support equipment, aircraft testing and inspection equipment, aircraft process equipment, aircraft parts processing, and aircraft parts assembly. The company's business has not changed since its launch. The company currently has no revenue from the low-altitude economy business. Investors are kindly requested to pay attention to the risk of conceptual hype.

[Shichiren Ai Seiko: Does not involve hot market concepts such as robots]

Qilianban Ai Precision issued a risk alert. Currently, the company's main business has not changed. The main business is R&D, production and sales of lightweight conveyor belts, and does not involve hot market concepts such as robots. Film companies for solar cell packaging are still in the early R&D stage, and there is great uncertainty about whether they can successfully develop and start production in the future, and there is no impact on the company's performance in the short term. The company's stock price has risen quite a bit recently, and there may be a risk of irrational hype.

[Poly Development: Proposed issuance of no more than 10 billion yuan of bonds]

Poly Development announced that it plans to issue no more than 10 billion yuan of bonds. The term of the corporate bonds issued this time is no more than 10 years (including 10 years). They can be single-term varieties or mixed varieties with multiple maturities. The funds raised are intended to be used to repay interest-bearing debts, supplement working capital, project construction, mergers and acquisitions of real estate projects, and other purposes permitted by applicable laws and regulations.

[3-in-1 Pocket Reading Technology: The company is integrating existing AI models and reading apps on the market]

Zhangyue Technology issued an indicative announcement on stock trading risks. The company is integrating existing AI models and reading apps in the market, including recommendations before reading, interaction during reading, knowledge maps after reading, etc. Related products are being developed and iterated internally. There is uncertainty about when they will be introduced to the market, and it is expected that there will be no significant impact on the company's current business and operating conditions. On March 13, 2024, the company's shareholder Quantum Dynamic reduced its holdings by 0.47% of the company's shares through centralized bidding transactions; from May 5, 2023 to March 13, 2024, Quantum Power reduced its holdings of the company's shares by a total of 1.07% through centralized bidding transactions and bulk transactions. Small financial note: There are market rumors that Zhangyue Technology has integrated Kimi, an AI dialogue assistant product owned by the domestic AI startup Moon's Dark Side. In response to this, in response to a Financial Services Association reporter today, Palm Reading Technology said that it will select the AI model with the strongest support capacity according to the needs of the scenario.

Investments & Contracts

[Zhenyu Technology: Proposed to build a European production base project for iron core precision structural parts of new energy motors]

Zhenyu Technology announced that the company plans to invest in the construction of a European production base project for iron core precision structural parts of new energy motors through the establishment of a new wholly-owned subsidiary in Serbia, with a total planned investment of 72 million euros. The project is being built in stages, and the construction period is expected to be 4.5 years (June 2024 to the end of 2028).

[Yahua Group: Signed an offtake and sales agreement for spodumene concentrate]

Yahua Group announced that on March 12, Yahua International Investment and Development Co., Ltd. (“Yahua International”), a wholly-owned subsidiary of the company, signed an “offtake and sales agreement” with Electramin DMCC (“DMCC Company”). Yahua International will purchase spodumene concentrate from DMCC from 2024 to 2028. According to the agreement, the first batch of products will be delivered in 2024, with an amount of not less than 15,000 tons of spodumene concentrate, which will be shipped in the fourth quarter; no less than 125,000 tons of spodumene concentrate will be delivered every year from 2025 to 2028. The price of the product is calculated and determined according to the pricing method agreed upon by both parties.

Increase/decrease holdings & repurchases

[Time and Space Technology: Shareholder Yang Yaohua plans to reduce the company's shares by no more than 3%]

Time Space Technology announced that Yang Yaohua, the shareholder holding 13% of the company's shares, plans to reduce the total holdings of the company by no more than 2,977,500 shares through centralized bidding and bulk transactions, that is, no more than 3% of the company's total share capital.

[Lanco Technology: Shareholder Deng Guoshun plans to reduce the company's shares by no more than 2.29%]

Lanco Technology announced that Deng Guoshun, the shareholder holding 9.16% of the company's shares, plans to reduce the company's shares by no more than 4.5896 million shares (2.29% of the company's total share capital) within 3 months after 15 trading days through centralized bidding transactions, bulk transactions or other methods.

[Hewang Electric: Sheng Xiaojun plans to reduce holdings by no more than 2.26%]

Hewang Electric announced that shareholder Sheng Xiaojun plans to reduce his holdings by no more than 2.26%.

[Taienkang: Juland plans to reduce holdings by no more than 1.72%]

Taienkang announced that shareholder Juland plans to reduce its holdings by no more than 1.7214%.

Operation & Performance

[Chuanhuan Technology: Net profit for the first quarter increased by 80.29% — 113.15% year-on-year]

Chuanhuan Technology announced that net profit for the first quarter is expected to be 40.6 million yuan to 48 million yuan, an increase of 80.29%-113.15% over the previous year; the company's expanded liquid cooling pipeline system products used in energy storage and data center servers are beginning to bear fruit. Bulk supply of liquid cooling piping systems in the energy storage sector has begun, and liquid cooling pipeline systems in the data center server sector have achieved small-batch supply. Chuanhuan Technology also released a quick performance report. In 2023, it achieved operating income of 1,109 billion yuan, an increase of 22.25% year on year; net profit of 164 million yuan, an increase of 34.01% year on year; and basic earnings per share of 0.76 yuan.

[Shaanxi coal industry: net profit fell 39.59% year on year in 2023]

The Shaanxi coal industry released a quick performance report. Net profit in 2023 was 21.26 billion yuan, a year-on-year decrease of 39.59%.

[Gan-Guangdong Expressway: Vehicle traffic service revenue of 306 million yuan in February]

The Gan-Guangdong Expressway announced that the company's vehicle traffic service revenue for February 2024 was 306 million yuan.

Contract & Project Bid Winning

[Zhejiang University Network New: Wholly-owned subsidiary jointly won the bid for the 721 million yuan construction project]

Zhejiang University Network News announced that a consortium formed by Netcom Systems, a wholly-owned subsidiary, and China Railway Fifth Bureau Group Electric Engineering Co., Ltd. won the bid to build the CDWRDJC-1 section of the Chengdu-Dazhou to Wanzhou Railway four-power system integration and related engineering construction. The bid amount was 721 million yuan (of which, the bid amount for the new network system was 128 million yuan).

[Xinyu people: won the bid for 440 million yuan lithium battery industrial base equipment procurement and installation project]

Xinyu People announced that the company won the bid for the “50Gwh Lithium Battery Industrial Base (New Energy Battery Standardized Plant) Phase 1 Equipment Procurement and Installation Project” project of Anhui Xinqiao Investment and Development Co., Ltd. This project procures positive and negative high-speed dispersion mixing; positive and negative electrode coating machines; integrated positive and negative roller splitters; pole ear pressing; contact vacuum ovens and other omnidirectional 5GWH equipment. The total project amount is 440 million yuan. Complete all work such as supply, installation, commissioning, and acceptance within 180 days from the date of signing the contract.

[Yingfeng Environmental: Subsidiary won the bid of 231 million yuan for a new energy sanitation vehicle procurement project]

Yingfeng Environmental announced that its wholly-owned subsidiary, Changsha Zhonglian Heavy Industries Environmental Industry Co., Ltd. received a bid notice for the second phase of the new energy sanitation vehicle procurement (second) from Tangshan Jinchi New Energy Environmental Protection Equipment Rental Co., Ltd., with a bid amount of 231 million yuan.

Financing & fixed growth

[Chuanyi Co., Ltd.: Proposed capital increase of no more than 660 million yuan]

Chuanyi Co., Ltd. announced that it plans to raise no more than 660 million yuan in capital for intelligent control valve construction projects and to supplement working capital.

[Pingji Information: Termination of the issuance of convertible bonds to unspecified targets]

According to the Pingzhi Information Notice, based on its own business development and strategic plan, after thorough communication and careful analysis with relevant parties, the company decided to stop issuing convertible corporate bonds to unspecified targets.

other

[Baili Tianheng: BL-M05D1 (ADC) Project for Injection Approved for Clinical Trials]

Baili Tianheng announced that the innovative biopharmaceutical BL-M05D1 (ADC) independently developed by the company recently received the “Drug Clinical Trial Approval Notice” officially approved and issued by the State Drug Administration. BL-M05D1 is an ADC drug that comes from the same technology platform as BL-B01D1 and shares the same “connector+toxin” platform with BL-B01D1. Its indications are locally advanced solid tumors.

[Alice: Clinical trial of AST2169 liposomal drug for injection approved]

Alice announced that the company recently received the “Drug Clinical Trial Approval Notice” approved and issued by the State Drug Administration. The phase I clinical study on the safety, tolerability, pharmacokinetics and initial curative effects of AST2169 liposomes for injections in patients with advanced solid tumors with KRAS G12D mutations was approved for drug clinical trials.

[Welcome to Liquor: Chairman proposes to distribute a cash dividend of 13 yuan for every 10 shares to all shareholders]

A cash dividend proposal for 2023 was received from the chairman. The proposal was to distribute a cash dividend of 13 yuan (tax included) to all shareholders for every 10 shares and a total cash dividend of 1.04 billion yuan (tax included) based on the company's total share capital registered on the 2023 equity distribution registration date.