Today's focus

[Wolong Electric Drive: The electric aviation business will have no significant impact on the company's revenue and profit levels in 2023]

Wolong Electric Drive disclosed a stock trading risk warning notice. The company's main businesses include motors and controls, photovoltaics and energy storage, industrial internet, etc. Among them, the motor and control business is mainly divided into industrial motors and drives, household motors, and control and electric transportation. The company's 2023 electric aviation business revenue was about 4,833,600 yuan, which had no significant impact on the company's 2023 revenue and profit level. There is still uncertainty about the signing of future related business orders or sales contracts.

[Huafeng Technology: The market environment and industry policy of the connector industry in which the company is located have not undergone major adjustments]

Huafeng Technology issued a change announcement. Recently, the company paid attention to discussions on the company's related business on some media, stock bars and other platforms, involving hot concepts. The market environment and industry policy of the connector industry where the company is located have not undergone major adjustments. The daily business situation and internal business order are normal. The company specifically reminds investors to make rational decisions and invest prudently.

Investments & Contracts

[Binhai Energy: Proposed construction of Rajinghe solar photovoltaic cell projects]

Binhai Energy announced that its subsidiary Baotou Xuyang New Energy Technology Co., Ltd. plans to invest in the construction of a 5GW solar photovoltaic cell project, and Sun Company Baotou Xuyang Silicon Technology Co., Ltd. plans to invest in the construction of a 10GW crystal project. The total investment of the project is estimated at about 3,983 billion yuan.

[Shanghai Energy: Proposed to build a 132MW photovoltaic power plant project in the Longdong coal mining subsidence area]

Shanghai Energy announced that it plans to invest in the construction of a 132 MW photovoltaic power plant project in the Longdong coal mining subsidence area, with an estimated total investment capital of 626 million yuan.

Changes in equity

[Sun Moon Co., Ltd.: The subsidiary plans to transfer 80% of Jiuquan Zhejiang Xinneng's shares for 382 million yuan]

Sun Moon Co., Ltd. announced that Gansu Riyue, a wholly-owned subsidiary of the company, plans to sign an equity acquisition agreement with Zhejiang Xinneng to transfer 80% of its shares in Jiuquan Zhejiang Xinneng, at a transfer price of 382 million yuan. After this equity transfer, Gansu Riyue's shareholding ratio in Jiuquan Zhejiang Xinneng was reduced from 95% to 15%, and Jiuquan Zhejiang Xinneng was no longer included in the scope of the company's consolidated statements. Proceeds from the disposal of 80% of Jiuquan Zhejiang Xinneng's shares will be included in investment income, amounting to about 240 million yuan, which will have an impact on the company's net profit in 2024.

[GAC Group: Plans to transfer 100% of Smart Share Company's equity agreement to subsidiary GAC Aian]

GAC Group announced that the board of directors agreed that the company would transfer 100% of the shares agreement of Hunan Zhixiang Automobile Management Co., Ltd. to the holding subsidiary GAC Aian at a transfer price of 190 million yuan; at the same time, GAC Aian agreed to transfer 100% of the shares of GAC Aian and inject capital of 1,858 billion yuan into it. On the same day, it was announced that the board of directors agreed to implement the second phase of the GAC Cloud Data Center construction project, with a total investment of 590 million yuan.

Increase/decrease holdings & repurchases

[Baodi Mining: Shareholder Haiyi Investment plans to reduce its holdings by no more than 3%]

Baodi Mining announced that shareholder Haiyi Investment plans to reduce the company's stock holdings by no more than 24 million shares, that is, no more than 3% of the company's total share capital.

[Shentong Express: Plans to repurchase shares for 30 million yuan to 50 million yuan]

Shentong Express announced that the company plans to use 30 million yuan to 50 million yuan to repurchase shares for equity incentives or employee stock ownership plans. The repurchase price will not exceed 11 yuan/share (including the number of shares).

[GM Shares: Plans to repurchase shares for 25 million yuan to 50 million yuan]

General Stock Company announced that it plans to repurchase shares at RMB 25 million to RMB 50 million, at a repurchase price of no more than RMB 7 per share.

[Titan Technology: Plans to buy back the company's shares for 10 million yuan to 15 million yuan]

Titan Technology announced that it plans to spend 10 million yuan to 15 million yuan to repurchase the company's shares. The repurchase price will not exceed RMB 48.84 per share. The shares repurchased will be used to cancel and reduce the registered capital accordingly.

Operation & Performance

[Songwon Co., Ltd.: Net profit for the first quarter increased 60.11%-78.59% year-on-year]

Songwon Co., Ltd. announced its results forecast for the first quarter of 2024. It is expected to achieve net profit of 52 million yuan to 58 million yuan, an increase of 60.11% to 78.59% over the previous year. Since 2024, the passenger car market side has remained stable, and the company has continued the rapid development trend of the previous year; the vehicle side's demand for cost reduction is in line with the high cost performance characteristics of the company's products, providing sufficient opportunities for business penetration. The strategic opportunities for domestic substitution and independent substitution have gradually been reflected, and reserve project orders have gradually been mass-produced and climbed upward.

[Weihai Guangtai: Net profit for the first quarter of 2024 increased 50%-65% year-on-year]

Weihai Guangtai released a performance forecast for the first quarter of 2024. It is expected to achieve net profit attributable to shareholders of listed companies of 458.972 million yuan to 504.8869 million yuan in the first quarter, an increase of 50%-65% over the previous year. As of the disclosure date of this announcement, the company has obtained new international orders of 280 million yuan this year, an increase of 520%; new domestic orders of 190 million yuan, an increase of 179%; the airport equipment business obtained a total of 470 million yuan in new orders, an increase of 312% over the same period in history.

[Dongfang Cable: Net profit increased 18.78% year-on-year in 2023, and plans to pay 10 to 4.5 yuan]

Dongfang Cable released its 2023 annual report. In 2023, it achieved operating income of 7.31 billion yuan, an increase of 4.3% year on year; achieved net profit attributable to shareholders of listed companies of 1 billion yuan, an increase of 18.78% year on year; basic income per share was 1.45 yuan; and plans to distribute a cash dividend of 4.5 yuan (tax included) for every 10 shares to all shareholders.

[Jinpan Technology: Net profit increased 78.15% year-on-year in 2023]

Jinpan Technology disclosed its annual report. In 2023, it achieved operating income of 6.668 billion yuan, a year-on-year increase of 40.5%; net profit of 505 million yuan, an increase of 78.15%; and basic earnings per share of 1.18 yuan. The company plans to distribute a cash dividend of 4.5 yuan (tax included) for every 10 shares to all shareholders. Jinpan Technology announced on the same day that Guangzhou Tongxiang, a wholly-owned subsidiary of the company, recently signed separate contracts for intelligent manufacturing projects and digital factory projects with customer C's subsidiary. The total contract amount was 229 million yuan (tax included), and the tax excluded amount accounted for 3.05% of the company's audited operating income in 2023.

[Jinko Energy: Indirect controlling shareholder Jinko Energy Holdings expects module shipments between 18 GW and 20 GW in the first quarter of 2024]

JinkoSolar Announcements, JinkoSolar Holding Co. , Ltd. (“Jinko Energy Holdings” for short) is expected to ship between 18 GW and 20 GW of modules in the first quarter of 2024, and between 100 GW and 110 GW for the full year of 2024. Jinko Energy Holdings is the controlling shareholder of Jinko Energy Investment, the controlling shareholder of the company, and indirectly holds 58.59% of the company's shares.

Contract & Project Bid Winning

[Tianyi Shangjia: Won bid for 171 million yuan railway operating materials joint procurement project]

Tianyi Shangjia announced that the company recently received the winning bid notice issued by China Railway Materials Co., Ltd., informing the company that won the bid for the “package number A3, package number A4, package number A5, package number A6, package number A7, package number A8, package number A9, package number A10, package number A12” for the joint procurement project of railway operating materials (EMU brake pads). The winning bid amount was 171 million yuan (tax included).

[China Express: From January to February, it won bids for projects totaling 2,316 billion yuan in the rail transit market]

China Express announced that it won bids for six important projects in the rail transit market from January to February, with a total bid amount of approximately RMB 2,316 billion, accounting for 5.76% of the company's 2022 audited revenue under China's accounting standards.

Financing & fixed growth

[Zhangjiang Hi-Tech: The public offering of no more than 3.27 billion yuan of corporate bonds was approved by the Securities Regulatory Commission]

Zhangjiang Hi-Tech announced that the company's public offering of corporate bonds with a total face value of not more than 3.27 billion yuan to professional investors has obtained registration approval from the China Securities Regulatory Commission.

Stock price changes

[Gansu Energy: There have been no major changes in the company's internal and external business environment]

Gansu Energy announced abnormal fluctuations in stock trading. The company has been operating normally recently, and there have been no major changes in the internal and external business environment. It has been verified that the company, controlling shareholders and actual controllers have no important matters relating to the company that should have been disclosed but not disclosed, or that are in the planning stage.

other

[Zhongtai Chemical: Notice of Case Filing Received Due to Suspected Illegal Disclosure]

Zhongtai Chemical announced that it has received a notice from the China Securities Regulatory Commission to file a case due to suspected illegal disclosure of information.

[Chaohua Technology: Guangzhou Taihua subsidiary is bankrupt and liquidated]

Chaohua Technology announced that the Guangzhou Intermediate Court accepted Mengfeng Company's bankruptcy and liquidation application against Guangzhou Taihua, a subsidiary of the company. Guangzhou Taihua entered bankruptcy proceedings. The court appointed manager Junxin and Jinglun Junhou to take over Guangzhou Taihua. The company lost control over it, and Guangzhou Taihua was no longer included in the scope of the company's consolidated statements.

[China Green Power: A 500,000 kilowatt wind power project in Haixi Prefecture, Qinghai was approved]

China Green Power announced that its subsidiary Qinghai Mangya Luneng New Energy Co., Ltd. has obtained approval for the 500,000 kilowatt wind power project in Haixi Prefecture in the second phase of the 2023 wind power project in Qinghai Province.