Today's focus

[Jindun Co., Ltd.: Shareholder Chen Genrong plans to reduce the company's shares by no more than 2%]

Jindun Co., Ltd. announced that Chen Genrong, a shareholder holding 8.14% of the shares, plans to reduce the company's shares by no more than 8.134,400 shares (2% of the company's total share capital) through centralized bidding within six months after 15 trading days.

[Six consecutive board Huasheng Technology: The company is not involved in low-altitude economy, parachute and other related businesses]

Liulian Huasheng Technology issued a change announcement. The company paid attention to discussions on the company's related business on some media, stock bars and other platforms, covering hot concepts such as the low-altitude economy and parachutes. According to the company's own investigation, the company is not involved in low-altitude economy, parachutes, etc. related businesses. Currently, the company's main products are divided into two categories: airtight materials and flexible materials. The above products are unrelated to parachute materials.

[Zhaoyi Innovation: Plans to increase capital of Changxin Technology by 1.5 billion yuan]

Zhaoyi Innovation announced that since the company first invested in “Changxin Technology” in 2020, the two sides have given full play to their respective professional advantages and continued to deepen cooperation in the field of memory business. Changxin Technology is currently carrying out a new round of equity financing. The company plans to use its own capital of 1.5 billion yuan to participate in the current round of Changxin Technology's capital increase. After the completion of this round of capital increase, the company will hold about 1.88% of Changxin Technology's shares. Changxin Technology's pre-investment valuation of this round of financing is approximately 139.882 billion yuan. Since 2020, the company and Changxin Storage, a wholly-owned subsidiary of Changxin Technology, have carried out business cooperation in DRAM product procurement and OEM services. Daily transaction situation in 2024. As of March 28, the company purchased about 180 million yuan of DRAM products from Changxin Storage.

[Jindun Co., Ltd.: Flying car electric duct fan products are still in the R&D stage to remind investors to pay attention to investment risks]

Jindun Co., Ltd. disclosed abnormal stock trading fluctuations and risk warning announcements. The flying car electric duct fan products that the company cooperated with Tsinghua University are currently still in the development stage and have not yet been applied. The company specifically reminds investors to pay attention to investment risks, make rational decisions, and invest prudently.

[Sino-Bay Communications: Plans to invest about 1 billion yuan to build the Qinghai Sanjiangyuan National Green Intelligent Computing Computing Power Scheduling Platform Project]

Sino-Bay Communications announced that the company signed a project cooperation agreement with the Xining (National) Economic and Technological Development Zone Management Committee to invest in the construction of the “Qinghai Sanjiangyuan National Green Intelligent Computing Power Scheduling Platform Project”, with a total project investment of about 1 billion yuan.

[Shanghai Yanpu: Net profit for the first quarter increased by about 176.96% year on year]

Shanghai Yanpu disclosed its annual report. In 2023, it achieved operating income of 1,519 billion yuan, an increase of 35.38% over the previous year; net profit of 91.782 million yuan, an increase of 99.32% over the previous year; and basic earnings per share of 1.14 yuan. The company plans to distribute a cash dividend of 3.75 yuan (tax included) to all shareholders for every 10 shares and transfer 4.8 shares. On the same day, Shanghai Yanpu announced a pre-increase in results for the first quarter of 2024. It is expected to achieve net profit of about 309.15,800 yuan in the first quarter of 2024, an increase of about 176.96% over the previous year. The company mainly produces car seat frame assemblies, precision stamping parts, and precision injection molded parts. The number of new mass production projects launched in the first quarter of 2024 increased, and the number of market orders was sufficient. Small financial note: Q4 net profit of 27.5547 million yuan. Based on this calculation, Q1 net profit is expected to increase 231% month-on-month.

Investments & Contracts

[Tangshan Port: It is planned to invest no more than 5.4 billion yuan to build a bulk cargo berth project in the Jingtang Port area of Tangshan Port]

Tangshan Port announced that it plans to invest in the construction of bulk cargo berths No. 51 and No. 52 in the Jingtang Port area of Tangshan Port. The estimated total investment of this project will not exceed 5.4 billion yuan.

[Energy-saving wind power: Intended to invest 290 million yuan in the construction of an energy-saving Wuwei Gulang 50,000 kilowatt wind power project]

Energy-saving wind power announcement. It is proposed to invest in the construction of an energy-saving Wuwei Gulang 50,000 kilowatt wind power project. The total approved investment of the project is 290 million yuan.

[Huaxin Environmental Protection: Plans to invest in 100,000 tons/year waste mineral oil resource utilization and waste emulsion and oily sludge disposal projects]

Huaxin Environmental Protection announced that the company signed an “Investment Promotion Agreement” with the People's Government of Qilin District, Qujing City, Yunnan Province, to invest in the construction of a “100,000 tons/year waste mineral oil resource utilization and waste emulsion and oily sludge disposal project” in the Yuezhou Chemical Park in Kirin Industrial Park, which mainly treats waste mineral oil, waste emulsion, oily sludge, etc., to produce naphtha, diesel, various base oils and other products, with a total project investment of 500 million yuan.

Changes in equity

[Nanjing Julong: Plans to transfer 25.3% of the holding subsidiary Jufeng New Materials]

Nanjing Julong announced that the company signed an “Equity Transfer Agreement” with Longsis. The agreement agreed that the company would transfer 25.3% of the shares held by the holding subsidiary Jufeng New Materials at a consideration of 6.454.03 million yuan. After the share transfer, the company's share ratio of Jufeng New Materials will change from 76.29% to 50.99%. Jufeng New Materials is still the company's holding subsidiary, which has not led to a change in the scope of the company's consolidated statement.

[Palm Shares: Proposed to transfer the shares of four wholly-owned subsidiaries to cover debts]

Palm Co., Ltd. announced that the company plans to transfer 100% of the shares of its four wholly-owned subsidiaries Palm Commercial, Zongying Commercial, Zongfa Commercial, and Chengdu Zongfa Commercial to Yuzi Guaranteed Housing, the controlling shareholder of the company, with a transaction amount of 201 million yuan. All of the transfer price payable this time will be used to settle part of the company's debt owed to Yuzi Guaranteed Housing. The loan amount is 201 million yuan, and the transferee does not need to pay any additional consideration for the transaction.

Increase/decrease holdings & repurchases

[Norsk: Shareholders plan to reduce their holdings of the company by a total of 3%]

Northgate announced that the shareholder Harmonious Growth Phase II (Yiwu) Investment Center (limited partnership) (“Harmonious Growth Phase II”), which holds 5% of the shares, and the shareholder Zhuhai Harmony Health Investment Fund (limited partnership) (“Harmonious Health”), which holds 2.2450% of the shares, plan to reduce their holdings of the company's shares by a total of 2.88 million shares (3% of the company's total share capital) through bulk transactions and centralized bidding transactions.

[Kuaike Electronics: Shareholders plan to reduce their holdings of the company by no more than 3%]

According to Kuaike's electronic announcement, the shareholder Chengdu Fuende Xingyu Equity Investment Fund Partnership (Limited Partnership) (“Chengdu Fuende Xingyu”), which holds 8.36% of the shares, plans to reduce the total holdings of the company's shares by no more than 2.496 million shares (3.00% of the company's total share capital) through centralized bidding transactions and bulk transactions.

Operation & Performance

[Naipu Mining: Expected net profit of 35 million yuan to 41 million yuan in the first quarter]

Naipu Mining released a performance forecast. The net profit for the first quarter is expected to be 35 million yuan to 41 million yuan, and a loss of 12.949 million yuan for the same period last year. During the reporting period, the company's operating and production costs declined further, and gross margin continued to rise.

[Zhongke Jiangnan: Net profit increased 15.92% year-on-year in 2023, and plans to convert 10 to 8 to 10 yuan]

Zhongke Jiangnan disclosed its annual report. In 2023, it achieved operating income of 1,208 billion yuan, an increase of 32.31% year on year; net profit of 300 million yuan, up 15.92% year on year; and basic income of 1.54 yuan per share. The company plans to increase 8 shares for every 10 shares and distribute a cash dividend of 10 yuan (tax included).

[China Metallurgical: Achieving net profit of 8.67 billion yuan in 2023, a year-on-year decrease of 15.63%]

China Metallurgical disclosed its annual report. In 2023, it achieved operating income of 633.87 billion yuan, up 6.95% year on year; net profit of 8.67 billion yuan, down 15.63% year on year; and basic earnings per share of 0.33 yuan. The company plans to distribute a cash dividend of 0.72 yuan (tax included) for every 10 shares to all shareholders.

[Gloria Ying: Net profit decreased by 31.28% year on year in 2023, plans to pay 10 to 18 yuan]

Gloria Ying disclosed its annual report. In 2023, it achieved operating income of 7.825 billion yuan, a year-on-year decrease of 23.7%; net profit of 2,269 billion yuan, a year-on-year decrease of 31.28%; and basic earnings per share of 6.26 yuan. The company plans to pay a cash dividend of 18 yuan (tax included) for every 10 shares.

[Wantai Biotech: Net profit in 2023 fell 73.65% year-on-year, and plans to pay 10 to 3.2 yuan]

Wantai Biotech disclosed its annual report. In 2023, it achieved operating income of 5,511 billion yuan, a year-on-year decrease of 50.73%; net profit of 1,248 billion yuan, a year-on-year decrease of 73.65%; and basic earnings per share of 0.99 yuan. The company plans to distribute a cash dividend of 3.2 yuan (tax included) for every 10 shares to all shareholders.

Contract & Project Bid Winning

[Star Shuier: Subsidiary signs major contract of 1,014 billion yuan for daily operation]

Star Shuier announced that the company's subsidiary Huangshan Fuller New Energy Technology Co., Ltd. (“Fuller New Energy”) signed a “PV Module Procurement Contract for Distributed Photovoltaic Projects in Qiandongnan, Guizhou” with China Energy Construction Group Northeast Electric Power Second Engineering Co., Ltd. (“China Energy Construction Dongdian Second Company”) on March 26. In order to meet the construction needs of distributed photovoltaic projects in the Qiandongnan region of Guizhou, China Energy Construction Dongdian II Company decided to purchase photovoltaic module equipment from Fuller New Energy. The total contract price was 1,014 billion yuan (tax included).

Stock price changes

[Sanxiang New Materials: Has carried out research and development of solid electrolytes and provided related zirconium-based materials to downstream customers]

Sanxiang New Materials disclosed an announcement of abnormal stock trading fluctuations. The company is concerned that the solid-state battery concept has received a lot of market attention recently. The company has carried out research and development of solid electrolytes and provided related zirconium-based materials to downstream customers. However, at present, this business revenue accounts for a small proportion of the company's main revenue, and the impact on the company's short-term performance is limited.

other

[Dream Lily: Production base expansion project in Arizona, USA postponed]

Dream Lily announced that due to a certain difference in the time of receipt of funds raised compared to the planned construction cycle, project capital investment was delayed compared to the plan, and the production base expansion project in Arizona, USA was postponed.

[Artes: The controlling shareholder patent lawsuit will not have a substantial impact on the company's production and operation before the project]

Artes announced that recently, the company learned that MaxeonSolar Pte.Ltd. (“Maxeon” for short) has filed a lawsuit against Canadian Solar Inc. (“CSIQ”), the controlling shareholder of the company, in the Eastern District of Texas, claiming that CSIq directly or indirectly damaged Maxeon's three “tunneling oxide layer passivation contact technology” (“TopCon”) patents for photovoltaic cells held by Maxeon through its affiliates. Up to now, CSIQ and any of the Company's subsidiaries or branches have not received formal litigation documents issued by the court relating to the above matters. This matter will not have a substantial impact on the company's production and operation prior to the project.

[Shanghai Electric Power Co., Ltd.: Resignation of the Chairman of the Company]

Shanghai Electric Power Co., Ltd. announced that due to his advanced age, Wu Ligan resigned as the company's chairman, director, and set up a special committee under the board of directors.