Focus on today.

Guotai Junan: Plans to exchange stocks to absorb and merge Haitong Securities and raise supporting funds. The stock will resume trading tomorrow.

Guotai Junan's announcement stated that the company is planning a major asset restructuring with Haitong Securities through an exchange of stocks and raising supporting funds. This transaction includes issuing shares to all A-share and H-share shareholders of Haitong Securities. According to the transaction plan, Guotai Junan also plans to issue A-shares to state-owned companies to raise no more than RMB 10 billion in funding, at a price of RMB 15.97 per share. The company's A-shares have been suspended since September 6, 2024, as the related audit work is still ongoing, and the shareholders' meeting is not yet convened. The stock will resume trading on October 10, 2024. This transaction still requires multiple approvals and confirmations, with uncertainties present, so investors are reminded to be cautious of risks.

Guotai Junan: The exchange ratio between Haitong Securities and Guotai Junan is 1:0.62.

gtja announced that the A-share swap price for gtja is 13.83 yuan per share, while the A-share swap price for haitong sec is 8.57 yuan per share. According to the above formula, the swap ratio between haitong sec and gtja is 1:0.62, meaning that each share of haitong sec A-share stocks can be exchanged for 0.62 shares of gtja A-share stocks, and each share of haitong sec H-share stocks can be exchanged for 0.62 shares of gtja H-share stocks. The H-share swap price for gtja is 7.73 Hong Kong dollars per share, while the H-share swap price for haitong sec is 4.79 Hong Kong dollars per share.

Haitong Securities: Disclosure of major asset restructuring plan, will resume trading tomorrow.

Haitong Securities announced a major asset restructuring plan. The specific implementation of this transaction is that Guotai Junan will acquire Haitong Securities by issuing shares in exchange for Guotai Junan A shares to all A share shareholders of Haitong Securities, as well as H shares to all H share shareholders, with the corresponding cancellation of Haitong Securities' A shares and H shares. Haitong Securities will also be delisted. At the same time, Guotai Junan plans to issue A shares to state-owned companies to raise supporting funds of no more than 10 billion yuan, with an issue price of 15.97 yuan per share. From the delivery date of this merger, the surviving company will inherit all assets, liabilities, businesses, personnel, contracts, qualifications, and all other rights and obligations of Haitong Securities. After the delivery date, Guotai Junan will handle the relevant industrial and commercial registration procedures for company name, registered capital, etc., while Haitong Securities will cancel its legal entity status. The merged company will adopt a new company name, and establish a new legal governance structure, management framework, development strategy, and corporate culture based on the applicable laws and regulations at that time and the specific circumstances of this merger. The company's A shares will resume trading from the market opening on October 10, 2024.

Well Semiconductor: Net profit in the first three quarters is expected to increase by 515.35%-569.64% year-on-year.

Will Semiconductor announced that the company expects to achieve net income attributable to the owners of the parent company of 2.267 billion yuan to 2.467 billion yuan in the first three quarters of 2024, an increase of 515.35% to 569.64% year-on-year. The company stated that the market demand continues to recover, downstream customer demand is growing, and the continuous penetration of products in the high-end smart phone market and the application of autonomous driving in the autos market have significantly increased revenue and gross margin.

Muyuan Foods: Net profit in the third quarter is expected to increase by 861%–967% year-on-year.

Muyuan Foods released its performance forecast for the first three quarters of 2024, expecting a net profit attributable to shareholders of listed companies to be between 10 billion yuan and 11 billion yuan, turning losses from the previous year into profits. The net profit attributable to shareholders of the listed company in the third quarter is expected to be between 9 billion yuan and 10 billion yuan, an increase of 860.63%–967.36% year-on-year. The main reasons for the performance change are the increase in the number of hogs slaughtered and the average selling price of hogs compared to the same period last year, as well as the decrease in hog farming costs compared to the same period last year.

Xiong'an New Power: The company is not required to disclose performance forecasts as there are no such circumstances.

Xiong'an New Power Technology has announced abnormal fluctuations in stock trading and a serious abnormal trading announcement. The company plans to disclose the "2024 Third Quarter Report" on October 30, 2024. The relevant preparation work is currently proceeding normally, and the company is not required to disclose performance forecasts, nor has it provided third parties with performance information for the third quarter of 2024.

Tianfeng Securities: The company is not planning any merger and reorganization matters despite its continuous 7-day trading suspension.

Tianfeng Securities issued an abnormal announcement, the company noted recent market rumors that the company has merger and reorganization plans. After the company's self-examination and confirmation with the controlling shareholder, the company has no planned major issues to be disclosed for merger and reorganization or other undisclosed matters, nor does the company have any undisclosed information. The company's stock has been continuously hitting the daily limit from September 24th to October 9th for 7 consecutive trading days, with a cumulative deviation in the closing price reaching 75.96%, showing significant gains.

[Jinghe Integrated: It is expected that the net profit for the first three quarters will increase by 744.01%-837.79% year-on-year]

Jinghe Integrated released its performance forecast for the first three quarters of 2024, expecting to achieve operating income of 6.7 billion-6.8 billion yuan, a year-on-year increase of 33.55% to 35.54%; it is expected to achieve a net profit attributable to the owners of the parent company of 0.27 billion-0.3 billion yuan, a year-on-year increase of 744.01% to 837.79%. With the industry's outlook gradually improving, the company's production capacity has been operating at full capacity since March this year, and it adjusted some product processing prices from June this year, which helped steadily increase the company's revenue and product gross margin levels. In 2024, as the localization substitution of CIS technology accelerates, the company closely follows the development trends within and outside the industry, continuously adjusting and optimizing its product structure.

[Runhe Software up four consecutive trading limits of 20cm: There is a risk of a significant fall after a substantial rise in stock price]

Jiangsu Hoperun Software issued an abnormal announcement, and the company has not found any significant undisclosed information that may have had a major impact on the company's stock trading price in recent public media reports. There have been no significant changes in the company's recent operations and internal and external operating environment. There are no major undisclosed matters that should be disclosed by the company, controlling shareholders, and actual controllers. The recent sharp rise in the company's stock price may involve irrational speculation, posing a risk of a sharp fall after the price has risen significantly.

[Jiejie Microelectronics up three consecutive trading limits: The company's financial data for the third quarter of 2024 is under calculation process]

Jiangsu Jiejie Microelectronics issued an announcement on the abnormal fluctuations in stock price. After self-examination, the company found no violations of fair disclosure of information. The company has scheduled to disclose the "2024 Third Quarter Report" on October 25, 2024, when the operating situation and specific financial data for the third quarter of 2024 will be disclosed. As of the date of this announcement, the financial data for the third quarter of 2024 is still being finalized and has not been provided to third parties.

[Shenzhen Farben Information: The company's stock price has risen significantly in the short term, potentially indicating speculative activities]

Shenzhen Farben Information Technology announced that the company's stock price on October 9th closed with a cumulative deviation exceeding 30%, indicating abnormal fluctuations in stock trading. At the same time, the company's stock price has consecutively closed with a cumulative deviation exceeding 100% for 9 trading days, and over 200% for 23 consecutive trading days, indicating a severe abnormal trading situation. The company is dedicated to providing professional software technology and solutions services to customers. The recent significant short-term rise in the company's stock price may involve irrational speculation; the company's recent turnover ratio and trading volume have significantly increased, posing a risk of a sharp decline in stock price after a significant rise. The company earnestly reminds investors to pay attention to the risks in the secondary market trading, make rational decisions, and invest cautiously.

Gtja: After merging with Haitong Securities, a new company name will be adopted.

Following the delivery date, gtja will handle the industrial and commercial changes such as company name and registered capital, and haitong sec will cancel its legal person qualification. The merged company will adopt a new company name and take a series of measures to establish a new corporate governance structure, management framework, development global strategy, and corporate culture in accordance with the applicable laws and regulations at that time and the specific situation of this stock-for-stock absorption merger.

After 10 consecutive days of hitting the limit, Hytera Communications Corporation: The final outcome of the lawsuit may have a certain impact on the company's profits.

Hytera Communications Corporation issued an abnormal announcement, where the company's stock price closed with a cumulative deviation exceeding 20% for two consecutive trading days, indicating abnormal fluctuations in stock trading. Upon verification, the company's current operations are normal, with no significant changes in the internal and external operating environment. Regarding the business secrets and copyright infringement lawsuits between the company and MOTOROLA SOLUTIONS INC. and Motorola Malaysia, the United States Court of Appeals for the Seventh Circuit rejected the company's motion for reconsideration of the ruling after an appeal following a second ruling. The company's current business and production operations are all normal. The final outcome of the lawsuit may have a certain impact on the company's profits. Investors are advised to make rational investments and be cautious of risks.

Shenzhen Infogem Technologies: The company's recent significant rise in stock price may pose a risk of sharp decline after the surge.

Shenzhen Infogem Technologies issued a notice of abnormal and seriously abnormal stock trading fluctuations, with the closing price deviation exceeding 100% for five consecutive trading days (from September 26, 2024 to October 9, 2024). According to the relevant regulations of the Shenzhen Stock Exchange, this constitutes a case of seriously abnormal stock trading fluctuations. The company's recent stock price has risen sharply, with the risk of a significant decline after the sharp increase in stock price.

Shanghai CDXJ Digital Technology: Planning major events, will resume trading tomorrow.

Shanghai CDXJ Digital Technology announced that due to the planned issuance of A-shares to specific entities, the matter may result in a change in the company's controlling interest. The relevant issuance plan has been disclosed on the same day of resumption of trading. The company applied to the Shanghai Stock Exchange on September 30 to suspend trading from the morning of October 8, 2024. The suspension is expected to last no more than 2 trading days. The relevant issuance plan has been disclosed, and the company has applied for resumption of trading in accordance with relevant regulations.

Heilongjiang InterChina Water Treatment: The final implementation and specific progress of the acquisition-related matters have significant uncertainties.

Heilongjiang InterChina Water Treatment issued an abnormal trading announcement. The company's stock price deviated from the closing prices on September 30, October 8, and October 9 for three consecutive trading days by an accumulated amount exceeding 20%, which falls under abnormal stock trading volatility. There have been no major changes in the company's fundamentals, and there are no undisclosed significant information. On September 29, the company received an 'Administrative Penalty Decision' from the Heilongjiang Regulatory Bureau of the China Securities Regulatory Commission for failing to disclose related-party non-operating fund utilization and for untimely disclosure of significant investment matters. The equity acquisition of Zhuji Wenshenghui Private Equity Investment Co., Ltd. is still in the preliminary planning stage, with significant uncertainties regarding the final implementation and specific progress. The trading counterparty holds 52.47% equity of Zhuji Wenshenghui is frozen by the People's Court of Futian District, Shenzhen. The company will continue to monitor the progress of the above-mentioned matters.

Semiconductor Manufacturing International Corporation: Stock trading has been volatile, but daily operations are currently normal.

In a notice by Semiconductor Manufacturing International Corporation, the company's stocks have shown a deviation in closing prices over three consecutive trading days exceeding 30%, indicating abnormal fluctuations in stock trading. Upon the company's self-inspection, the current daily operations are normal with no significant changes. There are no major undisclosed matters that should have been disclosed by the company. The company has not found any media reports or market rumors that could have a significant impact on the trading price of its stocks.

Jiangsu Yabang Dyestuff: The downstream demand for the company's products is weak, impacting the company's third-quarter business performance to some extent.

Jiangsu Yabang Dyestuff issued a notice of abnormal fluctuation in stock trading. Affected by the domestic and international economic situation, the downstream demand for the company's products is weak, market competition is fierce, sales prices are falling, leading to a continuous decline in revenue, which has certain impacts on the company's third-quarter business performance. Please refer to the specific company business data in the third quarter report disclosed by the company, and kindly remind all investors to pay attention to investment risks.

Shanghai Amarsoft Information & Technology: There may be instances of irrational speculation.

Aso announced abnormal fluctuations. The company's main business is to provide IT services for crediting and risk management to financial institutions, with a focus on banks. Currently, there have been no significant changes in the main business and client characteristics. The deviation of the company's stock price from the CHINEXT composite index during the same period is significant, and compared to other companies in the same industry, the increase is greater, indicating potential irrational speculation.

Inner Mongolia Baotou Steel Union: Plans to adjust the price of rare earth concentrates in the fourth quarter to 17,782 yuan per ton excluding tax.

Inner Mongolia Baotou Steel Union announced that the company plans to adjust the price of rare earth concentrates in the fourth quarter of 2024 to 17,782 yuan per ton excluding tax (dry weight, REO=50%). For every 1% increase or decrease in REO content, the price excluding tax will increase or decrease by 355.64 yuan per ton.

Tianjin Troila Information Technology: No undisclosed significant information that should be disclosed found during the on-going investigation by the CSRC.

Troila Information Technology announced abnormal fluctuations. The company's stock price experienced a cumulative deviation exceeding 20% from October 8th to October 9th for two consecutive trading days. Following a self-inspection by the company and verification with the controlling and indirectly controlling shareholders, as of October 9th, no undisclosed significant information was found. The company received a "Notice of Case Filing" from the China Securities Regulatory Commission on March 14th for suspected illegal disclosures. As of the date of this announcement, the investigation by the CSRC is on-going, and the company has not received any conclusive opinions or decisions on the above case. During the investigation, the company will actively cooperate with the CSRC's work, and strictly follow the relevant regulations of the "Shanghai Stock Exchange Stock Listing Rules" to issue a risk advisory announcement monthly to explain the progress of the investigation.

ST Baoli: Company and its actual controller are under investigation by the China Securities Regulatory Commission for suspected illegal disclosures.

ST Baoli announcement, the company and the actual controller Wang Hairong received the "Notice of Filing" from the China Securities Regulatory Commission, and the China Securities Regulatory Commission decided to file a case against the company and the actual controller Wang Hairong. Currently, all production and operation activities of the company are being carried out normally, and they will actively cooperate with the investigation and fulfill the disclosure obligations in a timely manner.

Ncm three-tier board newcomer: No major adjustments in the market environment or industry policies have been made.

New Hope Micro released an abnormal announcement, after self-inspection by the company and verification with the actual controller, there is no significant undisclosed information that should be disclosed, and there are no major issues involving the company in the planning stage. The company has not found any media reports or market rumors that may significantly impact the trading price of the company's stocks, nor has it involved market hot topics. Through self-inspection, the company's current production and operation activities are all normal, with no major adjustments in the market environment or industry policies, no significant fluctuations in production costs and sales, and normal internal production and operation order.

Jianda Group and Keda: The company's controlling shareholder and its shareholders face the risk of overdue debts.

Keda issued an abnormal announcement, and the company's stock trading canceled the 'delisting risk warning' from the opening of the market on September 10. After canceling the delisting risk warning, there has been no significant change in the company's operation. Although the company has opened up new business growth points, it may still face multiple uncertainties in actual operations, such as changes in industry policies, intensified market competition, operational management challenges, etc. There is a certain degree of uncertainty in business development. In August 2022, one of the sources of funding for the acquisition of the company's controlling stake by the company's controlling shareholder, Shenzhen Fengqi Zhiyuan Technology Co., Ltd., was a loan from Fuyang Fuying Kequan Investment Center (Limited Partnership). As of now, this loan has been overdue, and the company's controlling shareholder and its shareholders face the risk of debt overdue. The current debt repayment plan is still under discussion.

Equity Changes

Tongling Jingda: The controlling shareholder intends to transfer 8.06% of the total share capital by agreement, and the company will have no controlling shareholder.

In an announcement from Tongling Jingda special magnet wire, the company's controlling shareholder, Te Hua Investment, intends to transfer 0.17 billion shares held by Qiao Xiaohui through an agreement, accounting for 8.06% of the total share capital of the company. The transfer price is 4.72 yuan per share, with a total transfer amount of 0.8024 billion yuan. This change in equity will not trigger a mandatory takeover bid. After implementation, it will result in the change of the company's controlling shareholder from Te Hua Investment to a non-controlling shareholder, making Hua An Insurance passively become the largest single shareholder. Both Hua An Insurance and Qiao Xiaohui, shareholders with over 5% stake in the company, have committed not to seek actual control of the listed company in any way during their holding period. There is still uncertainty as to whether this transaction will ultimately be completed.

Sunstone Development: Acquires the equity of Jiayuguan Company for a total price of 0.5 billion yuan.

Sunstone Development announced that its wholly-owned subsidiary, Sunstone New Momentum, intends to acquire 19.53% equity of Jiyuguan Prebaked Anode and Jiyuguan Carbon Materials, held by Oriental Assets, through a cash transaction, at a total price of 0.5 billion yuan. The transfer price for the equity of Jiyuguan Prebaked Anode is 0.226 billion yuan, and the transfer price for the equity of Jiyuguan Carbon Materials is 0.274 billion yuan. This transaction does not involve related-party transactions, has been approved by the board of directors, and does not require approval from the shareholders' meeting. After the completion of the transaction, the company's shareholding percentage in the controlling subsidiary will increase, which is expected to enhance shareholders' equity and will not have any adverse impact on the company's operations and financial condition.

Increase or Decrease of Shareholding & Share Repurchase

Der Future Science and Technology Holding Group: intends to repurchase shares with an amount between 30 million yuan and 60 million yuan.

Der Future Science and Technology Holding Group announced that the company plans to repurchase some of the RMB ordinary shares (A shares) through centralized bidding with its own funds. The total amount of the repurchase funds shall not be less than 30 million yuan (inclusive) and not more than 60 million yuan (inclusive), and the repurchase price shall not exceed 5.95 yuan/share (inclusive). The repurchased shares will be used to convert convertible corporate bonds into stocks. If the company fails to use the repurchased shares within 36 months after the completion of the repurchase, the unused repurchased shares will be cancelled in accordance with the law.

Shanghai Haishun New Pharmaceutical Packaging: intends to repurchase shares with an amount between 0.1 billion yuan and 0.2 billion yuan, and plans to invest in securities not exceeding 50 million yuan.

Shanghai Haishun New Pharmaceutical Packaging announced that the company plans to repurchase stocks with its own funds and self-raised funds for converting convertible corporate bonds issued by the company. The repurchase price shall not exceed 17.55 yuan/share, and the total repurchase funds shall not be less than 0.1 billion yuan and not more than 0.2 billion yuan. On the same day, the company and its subsidiaries plan to use unused self-owned funds of not more than 50 million yuan to invest in securities.

Anhui Anfu Battery Technology: Controlling shareholder concerted action plans to increase shareholding by not less than 0.3 billion yuan.

Anhui Anfu Battery Technology announced that the actual controller Yuan Yonggang, Wang Wenjuan, based on a firm confidence in the company's strategic planning and future development prospects, plans to increase the company's shares through the controlling shareholder Qianhai Rongyao, which is controlled by them. Within 6 months from the date of this announcement, with self-raised funds, they plan to increase the company's shares through agreement transfer and trading system allowed by the Shanghai Stock Exchange, with a total planned amount of no less than 0.3 billion yuan. Among them, 5.00% of the company's shares held by the company shareholder Qin Daqian will be acquired through agreement transfer, while the remaining part will be increased through block trading or collective bidding. Qianhai Rongyao is a concerted action person of Heifei Rongxin, a controlling shareholder of the company. This increase not only reflects the full recognition of the company's actual controller for the company's long-term value but also will further stabilize the company's controlling rights and help the company achieve sustained and steady development.

Operation & Performance

Special treat Tianbang: It is expected to turn losses into profits in the first three quarters of 2024, with a net income of 1.3-1.35 billion yuan.

Special treat Tianbang released a performance forecast for the first three quarters of 2024, expecting a net profit of 1301.05 million to 1351.05 million yuan, compared to a loss of 1565.8591 million yuan in the same period last year; after deducting non-recurring gains and losses, the net profit is expected to be 118.84 million to 168.84 million yuan, compared to a loss of 1681.9746 million yuan in the same period last year. Basic earnings per share are expected to be 0.5855 yuan/share to 0.6081 yuan/share, compared to a loss of 0.8514 yuan/share in the same period last year. The company stated that the increase in net profit is mainly due to the investment income generated by the sale of equity in the first quarter of Sanji Biology, as well as the rebound in hog prices and the effects of cost reduction measures. However, the company is still in the pre-reorganization stage, and there is uncertainty about entering the reorganization process, as well as the risks of the stock trading being subject to delisting warnings and termination of listing.

Jcet Group Co., Ltd.: The estimated consolidated revenue in the third quarter is around 9.49 billion yuan.

jcet group co., ltd. announcement, the estimated consolidated revenue for the third quarter of 2024 is around 9.49 billion yuan, a year-on-year increase of about 14.9% compared to the same period last year, and a quarter-on-quarter increase of about 9.8% compared to the second quarter. The estimated consolidated revenue from January to September 2024 is around 24.98 billion yuan, an increase of about 22.3% compared to the same period last year.

Dongpeng Beverage: Net profit for the first three quarters of 2024 is expected to increase by 57.04%-64.89%.

Dongpeng Beverage announced that the net profit attributable to the owners of the parent company in the first three quarters of 2024 is expected to be between 2.6 billion yuan and 2.73 billion yuan, an increase of 0.944 billion yuan to 1.074 billion yuan compared to the same period last year, with an increase of 57.04% to 64.89%. The expected net profit attributable to the owners of the parent company after deducting non-recurring gains and losses for the same period is 2.55 billion to 2.68 billion yuan, an increase of 1.048 billion to 1.178 billion yuan compared to the same period last year, with an increase of 69.76% to 78.41%. The performance growth is mainly due to the company's continued implementation of its national strategy, strengthening channel operation capabilities, increasing product exposure and end-sales, while actively exploring multi-category development to drive revenue growth.

Pacific Shuanglin Bio-pharmacy: Net profit is expected to increase by 60%-70% year-on-year for the first three quarters.

pacific shuanglin bio-pharmacy announced that in the first three quarters of 2024, the net income attributable to the shareholders of the listed company was 521.91 million yuan - 554.53 million yuan, an increase of 60% - 70% year-on-year. The net income after deducting non-recurring gains and losses was 485.53 million yuan - 512.51 million yuan, a year-on-year increase of 80% - 90%. The basic EPS was 0.7140 yuan/share - 0.7587 yuan/share. The performance growth was mainly due to the good year-on-year growth in raw plasma collection, the prosperous demand in the blood product market, an increase in the quantity and sales volume of company's salable products, and a growth in the main business revenue compared to the same period of the previous year.

Zhejiang Huahai Pharmaceutical: Net profit is expected to increase by 37%-45% in the first three quarters.

Zhejiang Huahai Pharmaceutical announced that the company's net profit attributable to shareholders of listed companies in the first three quarters of 2024 is expected to be between 0.988 billion yuan and 1.046 billion yuan, an increase of about 37% to 45% year-on-year. The main reasons for the performance growth include the explosion of the sales team and organizational restructuring, market penetration, and exploration of new business models.

Poly Developments: The contract amount in September reached 20.916 billion yuan, a year-on-year decrease of 41.93%.

Poly Developments announced that in September, the company achieved a contracted area of 1.2498 million square meters, a year-on-year decrease of 36.36%; the contract amount was 20.916 billion yuan, a year-on-year decrease of 41.93%. From January to September 2024, the company achieved a contracted area of 13.4962 million square meters, a year-on-year decrease of 29.66%; the contract amount was 241.686 billion yuan, a year-on-year decrease of 27.89%.

Jinghe Integrated: The 28-nanometer logic chip of the company successfully lit up the TV after passing functional verification.

Jinghe Integrated announced that the company has made significant progress in recent new product development, with the 28-nanometer logic chip passing functional verification and successfully lighting up the TV. The company is closely collaborating with strategic customers, synchronously verifying digital and analog modules in the chip to ensure the performance and stability of the process platform. This product has wide applicability and can support the development and design of multiple application chips. The company plans to further enhance the performance and power consumption of the 28-nanometer logic chip to meet market demands. This progress lays the foundation for the smooth mass production of the company's subsequent 28-nanometer chips and further enriches the company's product structure.

Dong-E-E-Jiao: Net profit in the first three quarters is expected to increase by 40%-50% year-on-year.

Dong-E-E-Jiao released performance forecast, expecting a net profit of 1.1 billion yuan to 1.175 billion yuan in the first three quarters, a year-on-year growth of 40%-50%. During the reporting period, the company's main product channels maintained good inventory, the pricing system continued to standardize, profitability performance remained robust, investment return capability significantly increased, research and development investment further increased, and overall operational quality improved comprehensively.

Shanghai Shyndec Pharmaceutical: Net profit for the first three quarters of 2024 is expected to increase by 64.01%-74.65% year-on-year.

Shanghai Shyndec Pharmaceutical announced that it is expected to achieve a net income attributable to shareholders of the listed company of 0.925 billion yuan to 0.985 billion yuan for the first three quarters of 2024, with a year-on-year growth of 64.01% to 74.65%. The main reasons for the performance increase include strong demand in the penicillin and macrolide antibiotic active pharmaceutical ingredient markets, the company actively seizing market opportunities, dynamically optimizing product structure, increasing sales of related active pharmaceutical ingredients, thereby driving the year-on-year increase in gross margin of the pharmaceutical intermediates and active pharmaceutical ingredients sector; as well as the company's continuous efforts to improve quality, reduce costs and expenses, enhance management efficiency, resulting in a significant year-on-year decrease in expenses.

Shengtak New Materials: Net profit for the first three quarters is expected to increase by 155.41%-162.32% year-on-year.

Shengtak New Materials released the performance forecast for the first three quarters of 2024. The company expects to achieve a net profit attributable to shareholders of the listed company of 0.185 billion yuan-0.19 billion yuan, with a year-on-year growth of 155.41%-162.32%. The net profit attributable to shareholders of the listed company for the third quarter is expected to be 63 million yuan-68 million yuan, with a year-on-year growth of 199.78%-223.58%. During the reporting period, the company's core focus on the ultra-supercritical boilers in the thermal power industry benefited from the surge in downstream orders, resulting in a corresponding increase in the company's order backlog during the same period.

Zhejiang Huace Navigation Technology: Net profit for the first three quarters is expected to increase by 32.64%-37.95%.

Zhejiang Huace Navigation Technology released the performance forecast for the first three quarters of 2024, expecting a net profit attributable to shareholders of the listed company to be between 0.375 billion yuan and 0.39 billion yuan, an increase of 32.64% to 37.95% compared to the same period last year; a net profit excluding non-recurring gains and losses attributable to shareholders of the listed company is expected to be between 0.327 billion yuan to 0.342 billion yuan, an increase of 29.53% to 35.47% compared to the same period last year. During the reporting period, the company achieved rapid growth in net profit attributable to shareholders of the listed company, mainly due to active expansion of industry application of products and solutions, leading to significant growth in operating income related to resources, public utilities, geographic spatial information, and other business areas.

Hubei Dinglong: The company's CMP polishing pad product monthly sales volume exceeded 0.03 million pieces for the first time.

Hubei Dinglong announced that its subsidiary Dinghui Microelectronics' CMP polishing pad product sales have continued to maintain a rapid growth trend and achieved a historic high of over 0.03 million pieces in monthly sales in September 2024. Currently, the company has the existing production capacity of 0.4 million hard pads per year in Wuhan, and 0.2 million soft pads and matching polishing pad cushion in Qianjiang. At the same time, the company has initiated a capacity expansion plan for the Wuhan hard pad production line, expecting to reach a monthly production of 0.04 million pieces (i.e., an annual production of 0.48 million pieces) by the first quarter of 2025.

Linglong Tire: It is expected that the net income for the first three quarters will increase by 72%-82% year-on-year.

Linglong Tyre announced that it is expected to achieve a net income attributable to shareholders of the listed company of 1.65 billion-1.75 billion yuan in the cumulative first three quarters of 2024, an increase of 72%-82% year-on-year; and expects to achieve a net income attributable to shareholders of the listed company after deducting non-recurring gains and losses of 1.35 billion-1.43 billion yuan, an increase of 52%-60% year-on-year. The performance growth is mainly due to the company actively upgrading products, continuously carrying out structural adjustments in domestic and foreign markets, gradually releasing production capacity at overseas secondary bases, and increasing product sales. At the same time, the company has received anti-dumping tax refunds, increased company income, and continues to promote cost reduction and efficiency improvement to enhance profitability.

Contract & Project Bid

Zhejiang Jingu: Obtained the notice of appointment from VinFast, a new energy automotive force in Vietnam.

Zhejiang Jingu announced that the company recently received a notice of appointment from VinFast, a leading new energy automotive force in Vietnam, to develop and supply SUV wheel products as its primary component supplier. This is the company's first appointed passenger car target in Southeast Asia, marking high recognition of Zhejiang Jingu's brand and product quality in overseas markets. VinFast is Vietnam's first domestic brand automotive manufacturer, with its models sold in multiple markets. This appointment is of strategic importance for the company's layout in Southeast Asia and global markets. The project is expected to be mass-produced next year with no significant impact on the company's revenue and profit levels this year.

Stock Price Volatility

Camat: Profit share from the lithography equipment field is relatively low.

Kemai Technology issued an abnormal announcement. The company's advanced ceramic materials components are mainly used in the front-end processes of semiconductor manufacturing, covering equipment for etching, thin film deposition, ion implantation, photolithography, and oxide diffusion. Currently, the company's revenue from the photolithography equipment sector is relatively low, with a relatively low profit margin. Investors are advised to pay attention to investment risks, make rational decisions, and invest prudently.

Other products

Shanghai Industrial Development: Holding subsidiary Shanghai Longchuang applied for bankruptcy liquidation.

Shanghai Industrial Development Co., Ltd. announced that its holding subsidiary Shanghai Industrial Dragonasia Vets Technology Co., Ltd. (referred to as 'Shanghai Dragonasia Vets') has been applied for bankruptcy liquidation by Shanghai Industrial Venture Capital Co., Ltd. (referred to as 'Shanghai Industrial Venture Capital') to the Third Intermediate People's Court of Shanghai. After Shanghai Dragonasia Vets receives the court notice, any objections must be raised in writing within seven days. As the controlling shareholder of Shanghai Dragonasia Vets, the company will actively cooperate with the court's relevant work. If the court formally accepts the bankruptcy application, Shanghai Dragonasia Vets may enter bankruptcy liquidation proceedings and be taken over by the administrator, resulting in the company losing control over it. In addition, Shanghai Dragonasia Vets has not repaid the shareholder loans and interest to the company, amounting to approximately 0.462 billion yuan. If it enters bankruptcy liquidation proceedings, there may be a risk of not being able to fully recover the amount. Currently, the company and Shanghai Dragonasia Vets have not received any rulings from the court regarding this bankruptcy liquidation, and there is uncertainty about whether they will enter bankruptcy liquidation proceedings.