Today's focus

[Tianfu Communications: Net profit is expected to increase 167%-187% year-on-year in the first half of the year]

Tianfu Communications announced that it expects net profit of 0.63 billion yuan to 0.68 billion yuan in the first half of the year, an increase of 167%-187% over the previous year. During the reporting period, due to the development of artificial intelligence AI technology and the increase in computing power demand, global data center construction led to a continuous and steady increase in demand for high-speed optical device products, driving the company's active and passive product line revenue growth. Small financial note: Q1 net profit of 0.279 billion yuan. Based on this calculation, Q2 net profit is expected to be 0.351 billion yuan to 0.401 billion yuan, an increase of 25%-44% over the previous month.

[Qilianban Jinjiang Online: Some Jinjiang Rental companies' unmanned taxi operation activities are still in the experimental stage and basically do not generate revenue]

Jinjiang Online announced abnormal stock trading fluctuations. The company is concerned that the smart taxi concept has received a lot of attention in the market recently. Currently, some Jinjiang Rental companies under the company and related partners have carried out intelligent connected driverless taxi demonstration operation activities in designated areas in Shanghai's Jiading District and Lingang New Town. The above demonstration operation activities are still in the experimental stage and basically do not generate revenue. There is still uncertainty about future business development, and there will be no significant impact on the company's operating activities in the short term. As of July 17, 2024, the price-earnings ratio of the “G54 road transport industry” industry in which the company is located was 12.92, and the latest price-earnings ratio was 1.11; the company's price-earnings ratio was 50.47, and the net price-earnings ratio was 1.95. The company's current price-earnings ratio and price-net ratio are higher than the average in the same industry.

[Jufei Optoelectronics: Net profit for the first half of the year increased by 10%-30% year-on-year]

Jufei Optoelectronics announced that it expects net profit of 0.13 billion yuan to 0.153 billion yuan in the first half of the year, an increase of 10% to 30% over the previous year. During the reporting period, the company continued to increase investment in R&D, optimize the segmented product structure, steadily increased its global market share, achieved healthy and healthy development of its main business, and achieved steady growth in comprehensive business performance.

[Two-stage space-time technology: the company had no important information that should be disclosed but had an advance loss of 67 million yuan to 82 million yuan in the first half of the year]

Time Space Technology issued an announcement of abnormal fluctuations in stock trading. There were no major changes in the company's internal and external business environment. After self-inspection and verification with the controlling shareholders and actual controllers, as of the disclosure date of the announcement, there was no significant information that should have been disclosed but not disclosed, and there were no major matters in the planning stage. In 2023, the company achieved net profit attributable to shareholders of listed companies - 0.207 billion yuan; net profit attributable to owners of parent companies for the first half year of 2024 is expected to be -67 million yuan to -82 million yuan.

[Sany Heavy Industries: The holding subsidiary plans to apply to issue no more than 10 billion yuan ABS]

Sany Heavy Industries announced that in order to revitalize existing assets and broaden financing channels, Sany Financial Leasing Co., Ltd., the holding subsidiary of the company, plans to apply for registration and issuance of asset-backed securities (ABS) of no more than 10 billion yuan, which can be issued in one or more installments. The asset-backed securities to be issued are classified into priority asset-backed securities and secondary asset-backed securities. Among them, Sany Group, the controlling shareholder of the company, plans to subscribe for all secondary asset-backed securities (cumulative subscription amount not more than 1 billion yuan).

[6-day 3-board shipping shares: the company's price-earnings ratio is higher than the G54 road transport industry average issued by China Securities Index Co., Ltd.]

Jiaotong Co., Ltd. issued an announcement of abnormal fluctuations in stock trading. The company's daily business conditions are normal, there have been no major changes in the external environment, and there are no major issues affecting abnormal fluctuations in the company's stock trading price. According to the CSSC industry classification results published by China Securities Index Co., Ltd., as of July 16, 2024, the price-earnings ratio of the G54 road transport industry in which the company is located was 13.01, and the latest net market ratio was 1.12. The company's current price-earnings ratio is higher than the average of the G54 road transport industry published by China Securities Index Co., Ltd., and the net market ratio is lower than the average of the G54 road transport industry published by China Securities Index Co., Ltd.

[Liberal Arts Biotech: Plans to acquire 100% of Green Cross Hong Kong Holdings for 1.82 billion yuan]

Liberal Arts Biotech announced that in order to expand and strengthen the blood products business, the company plans to acquire 100% of the shares of Green Cross Hong Kong Holdings Co., Ltd. held by GC Corp., Synaptic and individual sellers for 1.82 billion yuan, thereby indirectly purchasing Green Cross (China) Biological Products Co., Ltd., a domestic blood product company. After the transaction is completed, the company will wholly-owned a blood products manufacturer, add a new production license, add 4 active plasma collection stations, and add 2 new provincial and regional plasma station layouts.

[Jet Biotech: Net profit is expected to increase 930% year-on-year in the first half of the year]

Jet Biotech announced that it expects net profit of 30.5 million yuan in the first half of the year, an increase of 929.77% over the previous year. The company's net profit for the same period last year was 2.9618 million yuan. During the reporting period, the company anchored in the life science industry, with the goal of building an overall solution for biological laboratories, speeding up the development of new products based on laboratory consumables and expanding the product line in a variety of ways. The company's gross margin level increased significantly compared to the same period last year. Small financial note: Q1 net profit of 8.1785 million yuan. Based on this calculation, net profit for Q2 is expected to be 22.32 million yuan, an increase of 173% over the previous month.

[2 consecutive boards, Nanjing Public Service: The company does not exist and should revise the 2024 semi-annual performance forecast]

The Nanjing government issued a stock price change announcement. After self-inspection, the company did not violate the fair disclosure of information. The company disclosed the “2024 Semi-Annual Results Forecast” on July 10, 2024. It is estimated that the company will achieve a net profit range of -14 million yuan to -20 million yuan attributable to shareholders of listed companies for the 2024 half-year year. The relevant data for this performance forecast is only the preliminary accounting results of the company's finance department. The company's 2024 semi-annual report will be disclosed on August 22, 2024. For specific business conditions and financial data, please pay attention to the company's regular reports. As of the disclosure date of this announcement, the company had no circumstances to revise its 2024 semi-annual results forecast.

[Jindun Co., Ltd.: Signed a contract with Tsinghua University to develop a flying vehicle duct fan and propulsion system]

Jindun Co., Ltd. announced that recently, the company and Tsinghua University reached an agreement on cooperation to complete the R&D project for flying vehicle ductwork fans and propulsion systems, and the two sides signed a “Technology Development Contract”. The project was specifically hosted by the National Key Laboratory of Intelligent Green Vehicles and Transportation of Tsinghua University. Facing the major strategic needs of the vehicle and transportation sector in China, the project strives to become a theoretical and technical source of intelligent and green vehicles and transportation, form a world-class team of scientists in the field of intelligent new energy vehicles and transportation, lead cutting-edge technology research in the field of smart green vehicles and transportation, strengthen research capabilities, and drive industry development.

[Fuchuang Precision: Net profit is expected to increase by 20%-41% year-on-year in the first half of the year]

Fortune Precision announced that it expects net profit of 0.115 billion yuan to 0.135 billion yuan in the first half of the year, an increase of 20.19%-41.09% over the previous year. During the reporting period, benefiting from the strong increase in demand in the domestic semiconductor market and the recovery of the foreign semiconductor market, the company continued to increase production capacity. The company's operating income, net profit attributable to the owner of the parent company, and net profit attributable to the owner of the parent company after deducting non-recurring profit and loss achieved varying degrees of growth. Small financial note: Q1 net profit of 60.4296 million yuan. Based on this calculation, the estimated net profit for Q2 is 54.57 million yuan to 74.75 million yuan, a change of -10% to 23% month-on-month.

Investments & Contracts

[Yonggui Electric: Establishing subsidiaries in Singapore and Thailand to invest in the construction of an electrical connector production project with an annual output of 0.8 million pieces]

Yonggui Electric announced that in order to further expand overseas markets, meet the needs of the company's strategic development, and enhance the competitiveness and popularity of the company's products in overseas markets, the company plans to use its own capital of 9.5 million US dollars to establish subsidiaries in Singapore and Thailand, and invest in the construction of an electrical connector production project with an annual output of 0.8 million pieces in Thailand through the establishment of a new Singapore company in Thailand.

[Jinhe Biotech: Holding subsidiary plans to establish research institutes with Chengdu Agricultural Science and Technology Center, etc.]

Jinhe Biotech announced that Jinhe Youben Biological Products Co., Ltd., a holding subsidiary of the company, plans to jointly establish Zhongnong Jinhe Youben Chengdu Research Institute Co., Ltd. with Chengdu Agricultural Science and Technology Center and Zhongnong Duchuang (Chengdu) Technology Service Co., Ltd. Jinheyouben provided 0.2 billion yuan in R&D and operating expenses for the Chengdu Research Institute within 10 years from the start of joint construction. Among them, the Chengdu Research Institute has a registered capital of 20 million yuan, and Jin He Youben invested 14 million yuan in cash from his own funds, with a shareholding ratio of 70%.

[Shanghai Phoenix: The subsidiary plans to continue to invest abroad and establish 3 subsidiaries]

Shanghai Phoenix announced that Phoenix Bicycle, a wholly-owned subsidiary of the company, plans to continue to invest abroad to establish 3 subsidiaries, namely Shanghai Phoenix Bicycle Tianjin Co., Ltd., Shanghai Phoenix Stroller Sales Co., Ltd., and Shanghai Phoenix Yuli Industrial Development Co., Ltd., with a total investment amount of 20 million yuan. In the past 12 months, the company and its wholly-owned subsidiary Phoenix Bicycle have invested abroad to establish 3 subsidiaries, with a total investment amount of 21 million yuan.

[Xinhe Cheng: Plans to invest 10 billion yuan to build a new nylon material project]

Xinhecheng announced that it plans to invest in the construction of a new nylon material project in the Tianjin Nangang Industrial Zone, with a total investment of about 10 billion yuan. The first phase of the project plans to invest about 3 billion yuan to build a 0.1 million ton/year adiponitrile-hexanediamine project using the company's own technology; after the first phase of the project is put into operation, the second phase of the project will be launched. The second phase of the project plans to invest about 7 billion yuan, plan to build 0.4 million tons/year adiponitrile-hexanediamine, and extend the construction of a 0.4 million tons/year nylon 66 project on the downstream material side.

Changes in equity

[Chow Tai Sang: Internal Transfer of Shares by Actual Controllers and Coordinating Actors]

Zhou Dasheng announced that the actual controller Zhou Zongwen plans to transfer 14.76% of the shares held by Zhou's controlling shareholder of the company to his son Zhou Feiming, and the actual controller Zhou Huazhen plans to transfer 2.7% of his shares in Zhou's Investment to his son Zhou Feiming. After the transfer, Zhou Zongwen holds 75.24% of Zhou's Investment shares, and Zhou Huazhen holds 7.3% of Zhou's Investment shares. Zhou Feiming holds 17.46% of Zhou's Investment shares, and Zhou Zongwen is still the absolute controlling shareholder of Zhou's Investments. Meanwhile, Zhou Zongwen transferred 80% of his shares in Jin Dayuan, the company's second-largest shareholder, to his son Zhou Feiming. After the transfer, Zhou Feiming held 100% of Jin Dayuan's shares. Zhou Zongwen, Zhou Huazhen, and Zhou Feiming are acting in concert. The share transfer was an internal transfer between the co-actors, and the total number and proportion of the company's shares held by the three has not changed. The three signed the “Concerted Action Agreement”. All parties agreed that when exercising the right to vote and propose shares of listed companies, Zhou Feiming acted in concert based on the opinions of Zhou Zongwen and Zhou Huazhen. The actual controllers of the company are still Zhou Zongwen and Zhou Huazhen.

[Rongsheng Development: Proposed withdrawal from subsidiary company shares]

Rongsheng Development announced that its wholly-owned subsidiaries Tangshan Rongsheng, Tangshan Rongrun, and Tangshan Meilong and Tangshan Zhengyao intend to sign an exit agreement and supplementary agreement. According to the withdrawal agreement and supplementary agreement, Tangshan Rongrun plans to transfer 51% of the shares in the project company Tangshan Hongzhou to Tangshan Zhengyao at a transaction consideration of 10 million yuan and completely withdraw from the project company's cooperative development. After this transaction, the company will no longer hold shares in Tangshan Hongzhou.

[Dunhuang Seed Industry: Controlling shareholder changed to actual controller of Jiugang Group changed to Gansu Provincial State-owned Assets Administration Commission]

Dunhuang Seed Industry announced that the company received the “Securities Transfer Registration Certificate” issued by China Securities Registration and Settlement Co., Ltd. on July 17, 2024. The 58.2166 million Dunhuang Seed Industry shares held by the Jiuquan Municipal Government's State-owned Assets Administration Commission were transferred free of charge to Jiugang Group on July 16, 2024, and the transfer registration procedure was completed. After the share transfer registration was completed, Jiugang Group held 58.2166 million shares of the company, accounting for 11.03% of the company's total share capital. The controlling shareholder of the company was changed from the Jiuquan Municipal Government's State-owned Assets Administration Commission to Jiugang Group, and the actual controller was changed from the Jiuquan Municipal Government's State-owned Assets Administration Commission to the Gansu Provincial People's Government.

Increase/decrease holdings & repurchases

[Zhongwang Software: Plans to buy back the company's shares with 30 million yuan to 50 million yuan]

Zhongwang Software announced that it plans to repurchase the company's shares for 30 million yuan to 50 million yuan, at a repurchase price of no more than 85 yuan/share. The shares repurchased will be used for employee stock ownership plans or equity incentives at an appropriate time in the future.

[Changyingtong: Plans to repurchase company shares between 20 million yuan and 40 million yuan]

Changyingtong announced that the company plans to repurchase shares through centralized bidding transactions for equity incentives or employee stock ownership plans. The total repurchase capital is not less than 20 million yuan, no more than 40 million yuan, and the repurchase price is no more than 33.13 yuan/share.

Operation & Performance

[Artes: Expected net profit of 1.2 billion yuan to 1.4 billion yuan in the first half of the year]

Artes announced that in the first half of 2024, the company continued to maintain a good level of profit through rational strategy, tactical adjustments, and the development of the second main energy storage business. It is estimated that in the first half of 2024, the net profit attributable to the owners of the parent company will be 1.2 billion yuan to 1.4 billion yuan, and the net profit attributable to the owner of the parent company after deducting non-recurring profit and loss will be 1.2 billion yuan to 1.4 billion yuan. Net profit for the second quarter of 2024 is expected to continue to increase from the first quarter, increasing by between 7% and 42% month-on-month.

[Langkun Environment: Net profit for the first half of the year increased by 20%-40% year-on-year]

According to Langkun Environmental's announcement, net profit attributable to shareholders of listed companies is expected to be 0.116 billion yuan to 0.135 billion yuan in the first half of 2024, an increase of 20% to 40% over the previous year. The main reason is that biomass waste collection and treatment volume increased compared to the same period last year, the gross margin of the operation service sector increased slightly, and the profitability of operation services increased steadily. At the same time, the company's BOT project construction revenue increased over the same period of the previous year. As operating income increased, net profit attributable to shareholders of listed companies increased compared to the same period of the previous year.

[Mingyang Electric: Net profit is expected to increase 36.07%-60.81% year-on-year in the first half of the year]

Mingyang Electric announced that it expects net profit of 0.22 billion yuan to 0.26 billion yuan in the first half of the year, an increase of 36.07%-60.81% over the previous year. During the reporting period, the increase in the company's on-hand orders and the increase in the actual delivery scale of the company's products contributed to an increase in revenue and profit scale.

Contract & Project Bid Winning

[Dongfang Electronics: Subsidiary won the bid for 0.217 billion yuan China Southern Power Grid Project]

Oriental Electronics announced that according to China Southern Power Grid Corporation's bid announcement for the first batch of measurement products in 2024, Weston, a wholly-owned subsidiary of the company, won a total of 7 packages, with a total bid amount of about 0.217 billion yuan, accounting for 3.34% of the company's audited revenue in 2023.

[Hemai Co., Ltd.: won the bid for China Power Investment Group Zhejiang Electric Power Company and other projects]

Hemai Co., Ltd. announced that the company recently received the bid winning notice from China Power Investment Group Zhejiang Electric Power Co., Ltd. in 2024 (Lishui Wanmu Gigabyte PV Project Phase I 10.8MW/10.8MWh Supporting Energy Storage System Equipment Procurement, Installation and Commissioning Service). The winning project was a 264MWp engineering energy storage system equipment procurement, installation and commissioning service section for the Wanmu Gigabit PV Project Phase I in Liandu District, Lishui City; the company recently received a notice of winning bid from Hunan Yingke Energy Storage Technology Co., Ltd. Centralized procurement of all-in-one machines (PCS) Project, project size: 241.5MW.

Financing & fixed growth

[Aggregate order: plan to issue convertible bonds to raise 0.338 billion yuan]

Aggregation announced that the total amount of capital raised by the company by issuing convertible corporate bonds to unspecified targets was RMB 0.338 billion, the number issued was 0.338 million lots (3.38 million sheets), and the initial share conversion price was 10.73 yuan/share.

Stock price changes

[Ryshen Psychic: The main business has not changed, and the daily business situation is normal]

Lai Shen Tongling issued an announcement about abnormal fluctuations in stock trading. After verification, the company's main business operations have not changed, the daily business situation is normal, there have been no major adjustments to the market environment or industry policies, the internal production and operation order is normal, no major contracts have been signed recently, and production costs and sales are normal. According to preliminary estimates by the finance department, the company is expected to lose money in the first half of 2024, achieving net profit attributable to the owner of the parent company -30 million yuan to -43 million yuan. Investors are reminded to invest rationally and pay attention to investment risks. In addition, Mr. Shen Dongjun, a shareholder holding more than 5% of the company's shares (the original number of shares was 36,426,362 shares, accounting for 10.61% of the company's total share capital) plans to reduce all of his shares through an agreed transfer on July 12, 2024. As of the date of this announcement, Mr. Shen Dongjun has reduced his shareholding by 18,213,200 shares (5.31% of the company's total share capital) through an agreed transfer.

other

[ST Eye Medication: The holding subsidiary was terminated from the health insurance agreement]

ST Medication announced that Sanshentai Traditional Chinese Medicine Clinic, a holding subsidiary of the company, violated the provisions of the medical insurance agreement due to problems such as medical programs not being recorded as required, physicians not signing in according to regulations, and some patients not in line with actual treatment. It was given 12 points by the Hangzhou Medical Insurance Management Service Center, terminated the agreement, stopped accepting designated applications within 1 year, and recovered the illegal expenses and payment of penalties. The Sanshentai TCM Clinic has set up a special working group to take corrective measures.

[Xing Sen Technology: A wholly-owned subsidiary, Yixing Silicon Valley received an administrative penalty decision]

Xingsen Technology announced that Yixing Silicon Valley, a wholly-owned subsidiary, received the “Administrative Penalty Decision of the Wuxi Municipal Bureau of Ecology and Environment”. The Wuxi Municipal Bureau of Ecology and Environment, together with the environmental protection department of the Yixing Economic Development Zone, inspected Yixing Silicon Valley and discovered that the Yixing Silicon Valley “1.68 million square meters annual production expansion” project has been partially completed and put into operation. The supporting pollution prevention and control facilities have only been partially completed and have not passed the “three simultaneous” environmental protection inspections. According to relevant regulations, the Wuxi Municipal Bureau of Ecology and Environment imposed a lighter fine of 0.27 million yuan on Yixing Silicon Valley.