Focus on today.

Kosen Technology, which has had 7 consecutive limit up days, has a single customer in the foldable screen hinge assembly business.

Kosen Technology has issued a notice regarding the significant abnormal fluctuations in stock trading and potential risks. Recently, the company has been included in the foldable screen concept stocks by the media. After the company's self-inspection, it was found that the foldable screen hinge assembly business has a single customer, and the company currently purchases structural components from outside for the assembly of foldable screen hinges. As of the date of this announcement, no revenue has been generated in the 2024 fiscal year. The company expects that the income generated by this business in the current year will account for less than 1% of the revenue in the 2024 fiscal year, making a limited contribution to the overall revenue of the company in 2024.

KeSheng Technology, which has had 4 limit up days in the past 7 days, has generated less than 3% of its overall revenue from the production of ultra-thin flexible glass (UTG) so far, and is expected to make a limited contribution to the overall revenue of the company in 2024.

KeSheng Technology has issued a notice regarding the significant abnormal fluctuations in stock trading and potential risks. Recently, the company has been included in the foldable screen concept stocks by the media. After the company's self-inspection, it was found that the revenue generated by the production of ultra-thin flexible glass (UTG) accounts for less than 3% of the overall revenue. It is expected to make a limited contribution to the overall revenue of the company in 2024.

NanDu Power, which has had 2 limit up days, will not engage in large-scale production of solid state batteries in the short term.

Zhejiang Narada Power Source issued an announcement on the abnormal fluctuations in stock trading. The company noticed that the "solid state battery concept" and the "implementation of the plan to promote the replacement of old electric bicycles with new ones" have received significant market attention recently. After verification, the company has been conducting research and development of solid state batteries since 2017, and undertook the key research and development plan for solid state batteries in Zhejiang Province in 2020. Currently, the energy density of solid state battery products can reach 350Wh/kg, with a cycle life of 2000 times, and has passed safety tests such as heat box and short circuit. However, mass production will not occur in the short term, and will not have a significant impact on the company's performance in 2024.

Colin Electric: The company's controlling shareholder has changed to Hisense Net Energy and is in a state of no actual control.

Shijiazhuang Kelin Electric announcement: According to the current shareholding situation of the company's shareholders and the composition of the board of directors, Hisense Network Energy holds 34.94% of the company's shares and holds the voting rights of 9.57% of the shares entrusted by Li Yanru and Qu Guowang, totaling 44.51% of the voting rights of the company. At the same time, the number of directors elected by the candidates nominated by Hisense Network Energy exceeds half of the number of the company's board of directors. Therefore, Hisense Network Energy has become the controlling shareholder of the company, and the company has changed to a state without an actual controller. This change in the controlling shareholder and the actual controller will not have any adverse effects on the company's daily operations.

China Shenhua: Subsidiary has obtained approval for the New Street Platform Temple Mining Area New Street No. 1 and New Street No. 2 projects in Inner Mongolia.

China Shenhua announced that its holding subsidiary Shenhua Xijie Energy Co., Ltd. obtained the approval of the National Development and Reform Commission for the Xijie No.1 and Xijie No.2 projects in Xijie Taigemiao Mining Area, Inner Mongolia. The construction scale of the two projects is 8 million tons/year, with a total investment of 13.348 billion yuan and 131.63 billion yuan respectively, and the capital contribution ratio is 30.5% and 30.6%. Xijie Energy Company is actively promoting the pre-construction preparation work for the projects.

Nanwang Technology: Director and Vice General Manager Wang Xianfang is under investigation.

Nanwang Technology announced that the company's director and Deputy General Manager Wang Xianfang are under investigation by the Huian County Public Security Bureau for alleged bribery of non-state personnel. The case is currently under investigation by the public security organs, and the specific situation awaits confirmation from relevant departments. Apart from Wang Xianfang, other company executives are performing their duties normally, and the production operation and management are normal. The company has made proper arrangements for the related matters and is expected not to have a significant impact on the company's normal production and operation.

Guolian Securities: Major asset restructuring has been approved by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission.

Guolian Securities announcement: The company plans to issue A-shares to purchase 99.26% of the shares of Minsheng Securities Co., Ltd. and raise matching funds. The major asset restructuring has obtained the approval of the Jiangsu Provincial Government's State-owned Assets Supervision and Administration Commission. This transaction constitutes a major asset restructuring and a related party transaction, but does not constitute a restructuring for listing. The transaction still requires approval and review from the shareholders' general meeting, the A-share category shareholders' general meeting, the H-share category shareholders' general meeting, and the approval, examination or registration by the authorized regulatory agency.

【2连板保变电气：兵器装备集团与中国电气装备开展输变电装备业务整合事宜尚处于筹划阶段】

Baoding Tianwei Baobian Electric has released an announcement on the abnormal volatility of stock trading. The integration of power transmission and transformation equipment business between China Weapon Equipment Group and China Electric Equipment is still in the planning stage. The relevant plans still need to go through internal decision-making procedures and obtain approval from the relevant regulatory authorities. The related matters have uncertainties. Investors are advised to pay attention to the risks.

【2连板鼎龙科技：PBO单体业务目前仍处于市场培育期 上半年收入占比未超过5%】

鼎龙科技发布股票交易风险提示公告，公司关注到近期“折叠屏”概念受市场关注较大，经核实，公司生产的PBO单体用于供给下游客户合成PBO纤维材料，PBO纤维的应用领域比较广泛，主要包括航空航天、耐热防护、材料增强、通讯电子、特种绳索等。公司PBO单体业务目前仍处于市场培育期，2024年上半年PBO单体收入占比未超过5%。公司股票换手率波动较大，市盈率高于同行业平均水平。

Investment & Signing

【深圳新星：拟10 million元收购泓芯半导体0.080989 million股】

深圳新星公告，近日，公司与浙江泓芯半导体有限公司（浙江泓芯新材料股份有限公司）及其实际控制人吴慧明及股东安阳汇正企业管理合伙企业（有限合伙）签署了《关于浙江泓芯新材料股份有限公司的股份转让协议》，公司拟以人民币10 million元收购安阳汇正持有的浙江泓芯半导体有限公司（浙江泓芯新材料股份有限公司）0.080989 million股股份，占标的公司总股本的0.5556%。

Gem Co., Ltd.: Signed a cooperation agreement with Minmetals Graphite, Boreal Equations to build a graphene integrated recycling industry chain.

Gem Co., Ltd. announced that the company, along with China Minmetals Corporation (Heilongjiang) Graphite Industry Co., Ltd. (referred to as "Minmetals Graphite"), and Shenzhen Boreal Equations Graphene Technology Co., Ltd. (referred to as "Boreal Equations"), jointly signed a "Cooperation Framework Agreement". Based on Minmetals Graphite's full industry chain advantages in the "resources + capacity + technology + new materials" field, graphite purification technology advantages, and the approved "Heilongjiang Graphite Purification Processing Center" innovation platform, as well as Gem Co., Ltd. and Boreal Equations' leading advantages in areas such as recycling of abandoned resources, anode material preparation, etc., the parties intend to cooperate in graphite recycling and purification technology research and development, high-performance anode material development, application scenario expansion, and market promotion to accelerate the construction of an integrated recycling industry chain from waste lithium battery recycling to high-purity graphite production to lithium battery anode materials, driven by technological innovation, and jointly promote the green transformation of waste lithium battery anode materials.

Chongqing Port: Subsidiary proposes to acquire 68% equity of Sushang Company for 0.181 billion yuan.

Chongqing Port announcement, in order to avoid industry competition and promote the integration of port logistics resources, the company's wholly-owned subsidiary, Chongqing Port Wanzhou Company, intends to acquire 68% equity of Su Shang Company held by Wanzhou Port Group through a non-public agreement, with an acquisition price of 0.181 billion yuan. This transaction constitutes a related party transaction, but does not constitute a major asset restructuring. After the completion of the transaction, it can effectively avoid industry competition and improve the company's market competitiveness and sustainable development capabilities.

Increase or Decrease of Shareholding & Share Repurchase

Shengnuo Biology: Lepu Medical plans to reduce its shareholding by no more than 2% of the company's shares.

Shengnuo Biology announced that Lepu Medical, a shareholder holding 5.5013% of the company's shares, intends to reduce its total holdings by no more than 2.24 million shares through centralized bidding and block trading, i.e., no more than 2% of the company's total share capital.

Nack Equipment: The General Manager proposes to repurchase company shares in the range of 20 million to 30 million yuan.

Naike Equipment announced that Director and General Manager Zheng Tianqin, who acts as the Chairman of the company, proposed to repurchase company shares in the range of 20 million yuan to 30 million yuan. The repurchased shares will be used for employee stock ownership plans or stock-based incentives.

[Canaan Technology: Controlling shareholder intends to increase its holdings by 1 million shares to 2 million shares of company stock.]

Canaan Technology announced that the actual controlling shareholder, Fang Hengzhi, plans to increase his holdings of company stock through centralized bidding within 6 months from the disclosure date of this announcement, using self-owned or self-raised funds. The number of shares to be increased will not be less than 1 million shares and not exceed 2 million shares.

[Dongbao Biology: Shareholder plans to reduce its holdings by no more than 2% of the company's shares.]

Dongbao Biology announced that shareholder Banashengyuan, with a 7.61% stake, plans to reduce its holdings of the company's shares by no more than 11.872 million shares (not exceeding 2% of the total share capital) through centralized bidding or bulk trading.

Operation & Performance

[Mingtai Aluminum Industry: Aluminum sheet and foil sales volume for the first 8 months is 0.9603 million tons.]

henan mingtai al.industrial announcement: The output of aluminum sheet, strip and foil in August was 0.1275 million tons, with sales of 0.1281 million tons. The output from January to August was 0.9625 million tons, with sales of 0.9603 million tons.

Sunshine Guojian: Received a dividend of 62.4247 million USD from its equity company.

Sunshine Guojian announcement, the company holds 7.87% of the shares of its equity company Numab Therapeutics, AG. According to a special shareholder resolution related to its subsidiary, Numab distributed a special dividend to its shareholders, and the company received 62.4247 million USD. In accordance with relevant accounting standards, the above-mentioned dividend will be included in the company's 2024 profit and loss, which will have a positive impact on the company's 2024 operating performance.

Contracts & Project Bids

Changgao Electric: Subsidiary won a bid of 0.233 billion yuan in State Grid.

Changgao Electric announcement, the wholly-owned subsidiaries within the scope of consolidation, Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Senyuan Electric Power Equipment Co., Ltd., and Hunan Changgao Complete Electrical Appliance Co., Ltd. respectively won the bids in the four categories of composite appliances, isolation switches, circuit breakers, and switch cabinets, with a total winning bid of 0.233 billion yuan. This accounts for 15.61% of the company's audited consolidated operating income in 2023. After signing the formal contract, it is expected to have a positive impact on the company's operating performance in 2024 and beyond, without affecting the company's independence.

Canaan Intelligent: Won the national power grid procurement project with a bid of about 98.3111 million yuan.

Canaan Intelligent announcement, the company received the bid notification from State Grid Corporation of China and State Grid Material Co., Ltd. In the "State Grid Corporation of China 2024 64th batch of procurement (second metering equipment bidding and procurement)" project, the company was the successful bidder for A-level single-phase smart energy meter, B-level three-phase smart energy meter, C-level three-phase smart energy meter, concentrator and collector, and dedicated transformer collection terminal, winning a total of 6 bid packages. The total quantity of electricity meters and other products awarded was about 0.324 million. The total bid amount was about 98.3111 million yuan, accounting for about 10.82% of the company's audited main business income in 2023.

Jiangsu Linyang Energy: Won the State Grid procurement project.

In the "National Grid Corporation of China's 64th batch of procurement (second bidding and procurement of measuring equipment for marketing projects)" project, Linyang Energy announced that the company has become the winning bidder for A-level single-phase smart energy meters, B-level three-phase smart energy meters, C-level three-phase smart energy meters, concentrators and data collectors, and special transformer data collectors, winning a total of 6 packages with a total bid amount of approximately 98.1542 million yuan.

Yueyang Forest & Paper has announced that its wholly-owned subsidiary, Chengtong Carbon Sinks, has signed a cooperation agreement with Duolun County Urban and Rural Construction Investment Group Co., Ltd. for the development of carbon sink resources in Duolun County. If the project is successfully implemented, based on the current domestic carbon trading price, it is estimated that the project will generate at least 20 million yuan in net profit during the cooperation period.

Yueyang Forest & Paper has announced that its wholly-owned subsidiary, Chengtong Carbon Sinks, has signed a cooperation agreement with Duolun County Urban and Rural Construction Investment Group Co., Ltd. for the development of carbon sink resources in Duolun County. If the project is successfully implemented, based on the current domestic carbon trading price, it is estimated that the project will generate at least 20 million yuan in net profit during the cooperation period.

Samsung Medical announced that the company and its wholly-owned subsidiary, Samsung Smart, have won the bid for the Nigeria TCN (Transmission Company of Nigeria) smart meter package project with a total contract amount of approximately 0.493 billion yuan. As a supplier, the company and Samsung Smart will provide electric meters, meter boxes, systems, installation, and maintenance services.

Samsung Medical announced that the company and its wholly-owned subsidiary, Samsung Smart, have won the bid for the Nigeria TCN (Transmission Company of Nigeria) smart meter package project. As a supplier, the company and Samsung Smart will provide electric meters, meter boxes, systems, installation, and maintenance services. The total contract amount is approximately 0.493 billion yuan.

Xingdesheng announced that it has recently received a designated letter from a well-known global automotive parts company to develop and supply a customized new energy vehicle thermal management system water valve motor. The project is expected to submit the PPAP in December 2024 and has a lifecycle from 2025 to 2035 with a total sales amount of approximately 0.1 billion yuan.

Xingdesheng announced that it has recently received a designated letter from a well-known global automotive parts company to develop and supply a customized new energy vehicle thermal management system water valve motor. The project is expected to submit the PPAP in December 2024 and has a lifecycle from 2025 to 2035 with a total sales amount of approximately 0.1 billion yuan.

Stock Price Volatility

Shenzhen Zowee Technology: There have been no significant changes in the recent operation and internal and external operating environment.

Zowee Technology Announcement: The trading of the company's stock has experienced abnormal fluctuations, with a cumulative deviation of more than 20% in the closing price for two consecutive trading days. After verification, there is no need to correct or supplement the information disclosed by the company in the previous period; no recent public media reports have been found that may or have had a significant impact on the trading price of the company's stock; there have been no significant changes in the recent operation and internal and external operating environment; there are no major undisclosed matters related to the company that should be disclosed by the controlling shareholder and the actual controller.

Other products

Pinlive Foods: The company and relevant personnel have received a warning letter from the Shanghai Securities Regulatory Bureau.

Pinlive Foods Announcement: Recently, the company received the "Decision on Issuing a Warning Letter to Pinlive Foods Co., Ltd., Wang Mu, and Zhu Guohui" (referred to as the"Warning Letter") issued by the Shanghai Securities Regulatory Bureau. The company has violated regulations such as commingling raised funds with its own funds for cash management and using the raised funds to permanently supplement working capital in an accumulative amount exceeding 30% of the total raised funds within 12 months. Wang Mu, the Chairman of the Company, and Zhu Guohui, the Secretary of the Board of Directors and Chief Financial Officer of the Company, are primarily responsible for the company's aforementioned violations. The Shanghai Securities Regulatory Bureau has decided to impose administrative regulatory measures by issuing a warning letter to the company, Wang Mu, and Zhu Guohui.

Thalys Medical Technology: Received the decision on administrative regulatory measures from the Hubei Securities Regulatory Bureau.

Thalys Medical Technology Group Corporation announced that the company and executives Wen Wei, Wang Zheng, and Cai Feng have received a warning letter from the Hubei Securities Regulatory Bureau. The warning letter points out that the company failed to handle the deregistration procedures within the specified time after repurchasing shares twice, and did not timely disclose relevant information, which is a violation of regulations. The Hubei Securities Regulatory Bureau has decided to take administrative regulatory measures against the company and the above-mentioned executives by issuing a warning letter and record it in the integrity file of the securities and futures market. The company stated that it will learn from the lessons, strengthen the study of relevant laws and regulations, and improve the level of standardized operations and quality of information disclosure.