Focus on today.

Jiangsu Zhengdan Chemical Industry: The net profit in the third quarter was 0.539 billion yuan, a year-on-year increase of 37872.2%.

Jiangsu Zhengdan Chemical Industry released the third quarter report for 2024. During the reporting period, the company achieved operating income of 1.214 billion yuan, a year-on-year increase of 214.25%; the net profit attributable to shareholders of the listed company was 0.539 billion yuan, a year-on-year increase of 37872.20%. The company achieved operating income of 2.596 billion yuan in the first three quarters, a year-on-year increase of 130.28%; the net profit was 0.825 billion yuan, a year-on-year increase of 2949.37%. Note: The net profit in Q2 was 0.227 billion yuan, based on this calculation, the net profit in Q3 increased by 137% compared to the previous quarter.

Wenyi Trinity Technology: The controlling shareholder and its concerted action parties plan to transfer 17.04% of the total share capital at a price of 24.45 yuan/share, and the stock will resume trading.

Wenyi Trinity Technology announced that the controlling shareholder Three Best Group and its concerted action party Ruizhen Business will transfer a total of 26,993,865 shares (17.04% of the total share capital) held by Hefei Innovation Investment at a price of 24.45 yuan per share, with a total consideration of 0.66 billion yuan. After the transfer, Three Best Group will still directly hold 5.10% of the company's shares, but will entrust the corresponding voting rights to Hefei Innovation Investment for exercise. After the completion of the transaction, Hefei Innovation Investment will become the company's controlling shareholder, and Hefei SASAC will become the actual controller. This transaction is not a related party transaction and does not involve a tender offer. The company's stock will resume trading from the morning of October 16, 2024.

Haiguang Information: The net profit in the third quarter of 2024 was 0.672 billion yuan, a year-on-year increase of 199.90%.

Haiguang Information released the third quarter report of 2024. During the reporting period, the company achieved an operating income of 2.374 billion yuan, a year-on-year increase of 78.33%; the net profit attributable to shareholders of the listed company was 0.672 billion yuan, a year-on-year increase of 199.90%. The company stated that the performance growth was mainly attributed to increased investment in technology research and development, maintaining market leadership in product competitiveness, and continuously increasing market demand. Xiaocai Note: Net profit in Q2 was 0.565 billion yuan, based on which, the net profit in Q3 increased by 19% compared to the previous quarter.

Hainan Shuangcheng Pharmaceuticals: The company has conducted a self-inspection and found no violation of fair information disclosure.

Hainan Shuangcheng Pharmaceuticals issued an announcement regarding abnormal fluctuations in stock trading and risk reminders. The company has conducted a self-inspection and found no violation of fair information disclosure. The company is planning a major asset restructuring. On September 10, 2024, the company held the fifteenth meeting of the fifth session of the Board of Directors and the fourteenth meeting of the fifth session of the Supervisory Committee to review proposals related to the issuance of shares, cash payment to purchase assets, and raising supporting funds, as well as related-party transactions. The auditing and evaluation work for this transaction has not yet been completed, and the specific transaction price has not been determined. This transaction requires further review and approval by the company's Board of Directors and shareholders' meeting, as well as regulatory approval before formal implementation. There is still some uncertainty as to whether the approval will be granted.

Beijing Starneto Technology: The company's qualification for full military material project service procurement activities has been temporarily suspended.

Beijing Starneto Technology announced that the company found a notice of suspension on the Army Procurement Website regarding the suspension of Beijing Starneto Technology Co., Ltd.'s qualification for military material project service procurement activities by the Army Logistics Department Procurement Supply Bureau, effective from October 14, 2024, due to irregularities. The company has organized personnel for self-inspection and actively communicated with all parties in accordance with the prescribed procedures. The overall business situation of the company is normal. During the suspension period, the company will not be able to participate in military material project service procurement activities, which will have a certain impact on the company's operations in the short term; however, contracts signed before the suspension date are still being executed normally.

Jiangsu Jiejie Microelectronics: Net profit for the first three quarters is expected to increase by 120%-150% year-on-year.

Jiangsu Jiejie Microelectronics announced its performance forecast for the first three quarters of 2024, expecting a net profit attributable to shareholders of the listed company to be between 0.314 billion yuan and 0.356 billion yuan, an increase of 120% to 150% compared to the same period last year. The reason for the performance change is the moderate recovery in the semiconductor industry, the company's comprehensive production capacity improvement, maintaining a high level of capacity utilization, and achieving effective improvement in the core business segment IDM model. With the continuous increase in production capacity, the profit-making ability of the company's holding subsidiary Jiangsu Jiejie Nantong Technology has been further enhanced, with a significantly higher net profit than the same period last year. Note: Q2 net profit was 0.122 billion yuan. Based on this, the estimated net profit for Q3 is 99.58 million yuan to 0.142 billion yuan, a quarter-on-quarter change of -18% to -16%.

China Tourism Group Duty Free Corporation: Net profit for the first three quarters decreased by 24.70% year-on-year.

China Tourism Group Duty Free Corporation released the performance report for the first three quarters of 2024, achieving a total operating revenue of 43.021 billion yuan, a year-on-year decrease of 15.38%; the net profit attributable to the shareholders of the listed company was 3.92 billion yuan, a year-on-year decrease of 24.70%. During the reporting period, the sales of the company's inbound and outbound duty-free stores achieved significant growth, with the duty-free store revenue at Beijing Airport increasing by over 140% year-on-year, and the duty-free store revenue at Shanghai Airport increasing by nearly 60% year-on-year. XC Note: Net profit in Q2 was 0.976 billion yuan, based on this calculation, net profit in Q3 was 0.638 billion yuan, a decrease of 35% from the previous quarter.

Anhui Jianghuai Automobile Group Corp.,Ltd.: Net profit for the first three quarters is expected to increase by 237.08% year-on-year.

Anhui Jianghuai Automobile Group Corp.,Ltd. announced that it is expected to achieve a net profit attributable to the owners of the parent company of around 0.62 billion yuan in the first three quarters of 2024, an increase of approximately 0.436 billion yuan compared to the same period last year, representing a year-on-year growth of 237.08%. The main reasons are the company's continuous optimization of product and debt structures, active exploration of domestic and overseas markets, increased exchange gains and reduced financial expenses, as well as a substantial increase in asset disposal gains. XC Note: Net profit in Q2 was 0.195 billion yuan, based on this calculation, the expected net profit in Q3 is 0.319 billion yuan, a 64% increase from the previous quarter.

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

China Pacific Insurance announced that the company's net profit attributable to the parent company's shareholders in the first three quarters of 2024 is expected to be approximately 37 billion yuan to 39.4 billion yuan, an increase of approximately 13.9 billion yuan to 16.3 billion yuan compared to the same period in 2023, representing a year-on-year increase of about 60% to 70%. The main reasons for the performance growth are the allocation of equity assets in the company's investment portfolio and the recent increase in investment income due to the rise in the capital market. XC Note: Net profit in Q2 was 13.37 billion yuan, based on this calculation, the expected net profit in Q3 is 11.87 billion yuan to 14.27 billion yuan, with a quarter-on-quarter change of -11% to -7%.

China State Construction Engineering Corporation: Controlling shareholder China State Construction Group plans to increase its shareholding in the company by 0.6 billion yuan to 1.2 billion yuan.

China State Construction Engineering Corporation announcement, the controlling shareholder, China State Construction Group, intends to increase its A-share holdings through the Shanghai Stock Exchange trading system by means of centralized bidding within 12 months from the date of the announcement disclosure, with the total shareholding amount not less than 0.6 billion yuan and not more than 1.2 billion yuan.

The People's Insurance: Net profit for the first three quarters is expected to increase by 65% to 85% year-on-year.

In the first three quarters of 2024, China Pacific Insurance announced that the net profit attributable to the shareholders of the parent company is expected to be RMB 33.83 billion to 37.931 billion, an increase of RMB 13.327 billion to 17.428 billion compared to the same period last year, a year-on-year increase of 65% to 85%. Excluding non-recurring gains and losses, the expected net profit is RMB 33.579 billion to 37.649 billion, a year-on-year increase of 65% to 85%. The main reasons for the performance increase are the continuous optimization of the business structure, effective risk control, significant cost reduction and efficiency improvement results, as well as a substantial increase in total investment income year-on-year due to the warming of the capital market. Q2 net profit was RMB 13.72 billion, based on this calculation, Q3 net profit is expected to be RMB 11.14 billion to 15.24 billion, a quarter-on-quarter change of -19% to -11%.

【Chongqing Sokon: The company's core team increased their holdings by a total of 1.6615 million shares as of October 15th】

Chongqing Sokon announced that as of October 15, 2024, the company's core team increased their holdings by a total of 1.6615 million shares through centralized bidding transactions, accounting for 0.11% of the total share capital, with a total increase of RMB 0.153 billion. The company previously announced that the core team would increase their holdings through centralized bidding transactions within 6 months starting from August 29, 2024, with the amount not less than RMB 0.1 billion and not more than RMB 0.2 billion.

【Hunan Yujing: The company's Deputy General Manager Zhu Haoyu is under investigation by the China Securities Regulatory Commission for alleged insider trading】

Hunan Yujing announced that the company's Deputy General Manager Zhu Haoyu is under investigation by the China Securities Regulatory Commission for alleged insider trading. The investigation is related to Zhu Haoyu's personal transactions in other company stocks and does not involve the trading of the company's stocks. Currently, all of the company's production and operation activities are proceeding normally and orderly. The company will continue to monitor the progress of the above-mentioned matters and fulfill its disclosure obligations in a timely manner.

【ZYF Lopsking: Controlling shareholders plan to collectively reduce their holdings of the company's shares by no more than 5%】

ZYF Lopsking announced that the controlling shareholder China Billionaire Holding Group Limited plans to reduce its holdings of the company's shares by no more than 20.2476 million shares, which is not more than 3% of the total number of company shares, through centralized bidding and block trades within 3 months after the announcement disclosure date, 15 trading days. Shareholder Chen Xingcan, who holds over 5% of the shares, plans to reduce his holdings by no more than 13.4984 million shares, which is not more than 2% of the total number of company shares, through block trades within 3 months after the announcement disclosure date, 15 trading days. After the completion of this reduction plan, Chen Xingcan's shareholding percentage will drop to below 5%, no longer being a shareholder with a holding of over 5% of the company.

【Pharmaron: Shareholders with more than 5% ownership collectively intend to reduce their holdings by no more than 0.90%】

Pharmaron announced that the shareholder with more than 5% shareholding, Shenzhen Xinzhong Kangcheng Investment Partnership Enterprise (limited partnership), and the acting in concert person Shenzhen Xinzhong Longcheng Investment Partnership Enterprise (limited partnership) plan to reduce the company's shares by no more than 16,000,074 shares within 3 months after 15 trading days from the disclosure date of this announcement through centralized bidding or block trading, accounting for 0.90% of the total share capital of the company excluding the repurchased shares. The reason for the shareholding reduction is their own capital needs.

Chengdu hi-tech development with two consecutive daily limit ups: net income for the first three quarters is expected to decrease by 48.79%-60.61% year-on-year.

Chengdu hi-tech development released a performance forecast for the first three quarters of 2024, expecting the net income attributable to shareholders of the listed company to be 0.1 billion-0.13 billion yuan, a decrease of 48.79%-60.61% compared to the same period last year. During this reporting period, the power semiconductor business on one hand was affected by the industry downturn, overall destocking, and the long verification cycle of some new customer products that have not yet generated batch scale revenue. On the other hand, the first phase of the chip non-semiconductor project went into production in the fourth quarter of 2023, and the production capacity has not been fully utilized, with significant impact on current profit and loss from fixed costs such as depreciation of factory buildings and production lines. Small fortune note: net income in Q2 was 24.18 million yuan, based on this calculation, Q3 net income is expected to be 41.32 million yuan-71.32 million yuan, a quarter-on-quarter growth of 71%-195%.

Optics technology holding with two consecutive daily limit ups of 20 cm: will continue to promote the purchase of 100% equity of leading electronics.

Optics technology holding announcement, the company's stock price deviated from the closing price for two consecutive trading days on October 14th and October 15th, with a cumulative deviation exceeding 30%, which is considered abnormal stock trading volatility. On October 14th, the company disclosed the summary of the 'Optics Technology Co., Ltd. Announcement of the Proposal for Issuing Shares, Paying Cash to Acquire Assets and Raising Matching Funds, and Related-party Transactions'. The company plans to acquire 100% equity of leading electronics held by Guangdong Leading Rare Materials Co., Ltd. and 55 other shareholders by issuing shares and paying cash, and to raise supporting funds. This transaction constitutes a related-party transaction. The parties involved in this transaction still need to fulfill the necessary internal decision-making procedures and obtain approval from the relevant regulatory authorities before the formal implementation, so the uncertainty of the implementation remains. The company and relevant parties will continue to promote the related work and strictly fulfill the disclosure obligations in a timely manner according to relevant regulations.

Huafon microfibre: subsidiary Weifutong mainly provides digital financial and marketing service solutions.

Huafon Microfibre issued an abnormal announcement, the company noted that some self-media platforms, stock forums, etc., are concerned about the business of its wholly-owned subsidiary Weifutong Technology Co., Ltd., and hereby clarifies as follows: Weifutong's main business is to provide digital financial and marketing service solutions for financial institutions, large enterprises, etc. In the first half of 2024, Weifutong's operating income accounted for approximately 3% of the total operating income of the listed company in the same period, and both operating income and net profit decreased by over 40% compared to the same period last year. The company's stock price has recently surged significantly, and the company solemnly reminds the majority of investors to pay attention to the risks of secondary market trading, make rational decisions, and invest cautiously.

Everbright Jiabao with 9 consecutive daily limit ups: the company and its managed enterprises have no substantial business cooperation with Everbright Jinou.

Everbright Jiabao has issued a stock trading risk warning notice. Currently, the company's headquarters and subsidiary enterprises (projects) operate normally, with the main business consisting of real estate development, real estate asset management, and real estate investment business, without any significant adjustments. The business model of real estate asset management involves "fundraising, investment, management, and exit." There have been no major changes in the internal and external business environment of the company. The actual controller of the company is China Everbright Group Co., Ltd., with Everbright Jinou Asset Management Co., Ltd., a subsidiary of Everbright Group, focusing on special asset acquisition and disposal business. As of now, the company and entities under its management have no substantial business cooperation with Everbright Jinou. The net income for the year 2023 is -1.997 billion yuan, and the net income for the first half of 2024 is -0.221 billion yuan. Currently, there are no other significant matters affecting abnormal fluctuations in the company's stock price.

[Hunan Huasheng: Intends to sell all shares of Xiangcai Co., Ltd. at the right time.]

Hunan Huasheng announced that the company plans to sell all stocks of Xiangcai Co., Ltd. currently held through centralized auction trading. As of now, the company holds 10.4752 million shares of Xiangcai Co., Ltd., accounting for 0.37% of the total shares. The board of directors has reviewed and approved the proposal, which still needs to be submitted for shareholder approval. This transaction is not considered a related party transaction nor a significant asset restructuring. The company stated that the sale of stock assets will help optimize the company's asset structure, realize the liquidation and realization of existing assets, and improve the liquidity and efficiency of asset utilization.

[2 consecutive limits for Anhui Greatwall Military Industry: The company's price-to-book ratio is higher than that of listed companies in the national defense military industry.]

Anhui Greatwall Military Industry issued a public announcement on abnormal stock trading fluctuations and risk warnings. According to the CSI AVIC Aerospace & Defense Index, as of October 15, 2024, the weighted average trailing P/E ratio of listed companies in the same industry was 60.59 times, with Anhui Greatwall Military Industry having a negative trailing P/E ratio; the weighted average P/B ratio of listed companies in the same industry was 3.03 times, with Anhui Greatwall Military Industry at 3.64 times. The price-to-book ratio of Anhui Greatwall Military Industry is higher than that of listed companies in the national defense military industry.

Global Top E-commerce, which has triggered two consecutive limit-up moves: There is still significant uncertainty as to whether the company has entered pre-reorganization or reorganization procedures.

Cross-border communication issued an announcement on the abnormal fluctuation of stocks trading. After self-inspection, the company has found no violation of fair disclosure of information. On May 12, 2023, the company received a "Notice Letter" from the applicant, Yin Jie, stating that the company is unable to repay the maturing debt and clearly lacks the ability to repay, but still has the value of reorganization. The applicant applied to the Taiyuan Intermediate People's Court for reorganization of the company on May 10, 2023, and applied for pre-reorganization registration. As of the date of this announcement, the company has not yet received any notice or ruling from the Taiyuan Intermediate People's Court regarding the applicant's application for company reorganization and pre-reorganization matters, and there is significant uncertainty as to whether the applicant's application has been accepted by the court and whether the company has entered into pre-reorganization and reorganization procedures.

[3 consecutive limits for Dongguan Huali Industries: The company's price-earnings ratio indicator is significantly higher than the industry average.]

Dongguan Huali Industries issued a risk reminder announcement for stock trading. As of the close on October 15, 2024, the company's latest trailing PE ratio was 173.03, and the latest PB ratio was 2.18. According to data released by China Securities Index Co., Ltd., the company is classified under the "Other Manufacturing" category by the China Securities Regulatory Commission, and the company's PE indicator is significantly higher than the industry average.

Kunlun Tech plans to establish a joint venture AI recruitment company with the foreign enterprise SHUK.For the exploration and promotion of the application of AI large model technology in the field of recruitment, the company and the fully-owned subsidiary of Beijing FESCO, Beijing Foreign Enterprise Digital Technology Co., Ltd., based on complementary advantages and the combination of technology and industry resources, recently decided to cooperate in establishing a joint venture AI recruitment company, Beijing Shuzhi Wanwei Human Resources Technology Co., Ltd., to carry out recruitment/job platform business using AI technology. The registered capital of the joint venture company is 30 million yuan, with the company contributing 11.7 million yuan, holding 39% equity in the joint venture company. Beijing Foreign Enterprise Digital Technology Co., Ltd. is one of the largest comprehensive human resources solution providers in China, and a fully-owned subsidiary of FESCO.

Kunlun Tech announced that in order to explore and promote the application of AI large model technology in the field of recruitment, the company has decided to cooperate with Beijing Foreign Enterprise HR Service Co., Ltd. (referred to as 'FESCO'), a fully-owned subsidiary of FESCO, based on complementary advantages and the combination of technology and industry resources, to establish a joint venture AI recruitment company, Beijing Shuzhi Wanwei Human Resources Technology Co., Ltd., to operate a recruitment/job platform business using AI technology. The registered capital of the joint venture company is 30 million yuan, with the company contributing 11.7 million yuan, holding 39% equity in the joint venture company. Beijing Foreign Enterprise Digital Technology Co., Ltd. is one of the largest comprehensive human resources solution providers in China and a fully-owned subsidiary of FESCO.

Sichuan Golden Summit, which has hit the limit up for two consecutive days, faces the risk of long-term inability to distribute cash dividends. Sichuan Golden Summit issued an abnormal announcement, stating that after self-inspection, the company's current daily production and operation are normal, and there have been no major adjustments in the market environment and industry policies. As of the first half of 2024, the net profit was -11.1623 million yuan, compared to a positive turned negative year-on-year. As of the end of 2023, the mother company's undistributed profits were -577.3132 million yuan. According to relevant regulations, profits will be used first to offset the losses of previous years until the losses are offset. Therefore, before the losses are offset, there is a risk that the company may not be able to distribute cash dividends in the long term. Park Soo Pure holds 71,553,484 shares of the company, accounting for 20.50% of the total share capital of the company. As of the date of this announcement, all shares held by Park Soo Pure have been pledged and frozen.

China Pacific Insurance announced that it plans to issue shares and pay cash to acquire 100% equity of Shiyao Baike.

Guangdong Qunxing Toys, which has hit the limit up for 3 days in 2 consecutive days, has uncertainty about whether the ultimate control of the company has actually changed.

cspc innovation pharmaceutical announcement, the company intends to purchase 100% equity of Stone Pharmaceutical Baike held by Weisheng Pharmaceutical, Shanghai Stone Pharmaceutical, and Enbipu Pharmaceutical in a transaction priced at 7.6 billion yuan through the issuance of shares and payment of cash. At the same time, the company plans to issue shares to raise matching funds from up to 35 specific investors, with the total amount not exceeding 100% of the transaction price of the target assets to be purchased by issuing shares. The proceeds from this transaction will be used after deducting intermediary fees and related taxes for paying the cash consideration for this transaction, the construction of the target company's projects, supplementary working capital, and other purposes.

Guangdong Qunxing Toys, which has hit the limit up for 3 days in 2 consecutive days, has uncertainty about whether the ultimate control of the company has actually changed.

Guangdong Qunxing Toys Joint-stock announced that the company's stock price has deviated by more than 20% for three consecutive trading days, which constitutes abnormal fluctuations in stock trading. Recently, the company terminated the issuance of A shares to specific parties for the year 2023, while planning to issue A shares to specific parties for the year 2024. There is uncertainty about the completion of the issuance of A shares to specific parties this time, and the uncertainty about whether the control of the company will actually change. The company currently has no actual controlling shareholder. After inquiring the current largest shareholder and its actual controller, the company confirmed that there are no undisclosed major issues related to the company, or undisclosed major issues in the planning stage.

Titan Wind Energy: The final outcome of the lawsuit may have a certain impact on the company's profits.

Hytera Communications Corporation issued an abnormal announcement. As of October 15, 2024, the company's stock price has experienced a significant short-term increase, with no major changes in the internal and external operating environment of the company. The scheduled release date for the third quarter 2024 report is October 31, 2024. Relevant financial data has not been provided to third parties. Regarding the commercial secrets and copyright infringement lawsuits between the company and MOTOROLASOLUTIONSINC., the United States Court of Appeals for the Seventh Circuit rejected the company's request for reconsideration of the judgment. 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 invest rationally and be aware of risks.

Investment & Signing

VT Industrial Technology: Wholly-owned subsidiary plans to establish a joint venture with Scania.

VT Industrial Technology announced that its wholly-owned subsidiary, VT Stamping, plans to jointly invest with Scania in establishing a joint venture company with a registered capital of 9 million RMB, where VT Stamping will hold a 49% stake. The joint venture company will engage in the manufacturing and selling of automotive beams and other auto parts. This investment aligns with the company's strategic planning and operational development needs, further enhancing the company's competitiveness and increasing future profit growth opportunities.

Equity Changes

Datang Telecom Technology: Selling assets and acquiring 71.79% equity of Datang Microelectronics.

Datang Telecom Technology announced that this restructuring plan includes significant asset acquisitions, significant asset sales, and related debt restructuring. The assets purchased this time are the 71.79% equity of Datang Microelectronics held by Datang Semiconductors Design, with a transaction price of 0.969 billion yuan. Asset one sold this time is the 100% equity of Unigroup Technology held by Datang Semiconductors Design to Datang Development, with a transaction price of 0.437 billion yuan. Asset two sold this time is the 56.38% equity of Datang Semiconductors Design held by Datang Development, with a transaction price of 1.592 billion yuan. Asset three sold this time is the sale of 30.82% equity of Jiangsu Security, 20.00% equity of Datang Telecom Energy-saving, 14.37% equity of Datang Asia Vets Card, and 80.00% equity of Chengdu Information held, with a total transaction price of 0.185 billion yuan. The debt restructuring related to this transaction results in a debt of 87.0142 million yuan from Datang Microelectronics to the listed company, and on the basis of paying 0.969 billion yuan for the purchase of assets, an additional 87.0142 million yuan is added, totaling 1.056 billion yuan.

Hundsun Technologies Inc.: Intends to transfer 51% equity of its wholly-owned subsidiary Jinrui Software for 62.6 million yuan.

Hundsun Technologies Inc. announced that the company plans to transfer 51% equity of its wholly-owned subsidiary Jinrui Software Technology (Hangzhou) Co., Ltd. to Huibo Yuntong for 62.6 million yuan. After the completion of this transaction, Jinrui will no longer be included in the company's consolidated financial statements. This transaction is expected to have no significant impact on the company's performance for the current year. The counterparty Huibo Yuntong is a listed company on the Shenzhen Stock Exchange and has no relationship with Hundsun Technologies Inc. This transaction still requires related parties to pay the transfer payment according to the agreement and complete the transfer of shares of the target company to minimize the risk of non-timely payment of the share transfer price as specified in the agreement.

Increase or Decrease of Shareholding & Share Repurchase

Zhejiang Meili High Technology: Shareholder Changjiang Capital intends to reduce its shareholding by no more than 3%.

Zhejiang Meili High Technology announcement, the company's shareholder Changjiang Growth Capital Investment Co., Ltd. plans to reduce the company's shares by no more than 6,243,004 shares, accounting for 3% of the total share capital, through centralized bidding or block trade within 3 months after 3 trading days from the date of this announcement. The reason for the shareholding reduction is for its own fund needs.

Anhui Zhonghuan Environmental Protection Technology: Specific shareholder Jintong Annaik intends to reduce its shareholding by no more than 4.06% of the company's shares.

Anhui Zhonghuan Environmental Protection Technology announced that a specific shareholder Anhui High-Tech Jintong Annaik Equity Investment Fund (Limited Partnership) plans to reduce its company's shares by a total of not more than 17.1983 million shares (i.e., not more than 4.06% of the total share capital of the company) through centralized bidding, block trading, and agreement transfer methods within 3 months after the announcement day and 3 trading days later (i.e., not more than 4.15% of the total share capital of the company, excluding the quantity of shares in the company's repurchase special account).

【Everfert: Shareholders intend to collectively reduce their shareholding by no more than 4%】

AFT's announcement, shareholder trust cornerstone and its concerted action person Ma'anshan cornerstone plan to reduce the total number of shares held by a centralized bidding method and a block trading method not exceeding 10.4356 million shares, the percentage of shares held shall not exceed 2% of the total share capital of the company. Shareholder Dinghui Yuanlin plans to reduce the total number of shares held by a centralized bidding method and a block trading method not exceeding 10.4356 million shares, the percentage of shares held shall not exceed 2% of the total share capital of the company. The reduction period is within 3 months after 15 trading days from the date of announcement of the reduction plan.

【Zhuhai Huajin Capital: Shenzhen Leaguer plans to reduce their shareholding by no more than 3%】

Zhuhai Huajin Capital announcement, shareholder Shenzhen Leaguer, holding more than 5% shares, plans to reduce the company's shares by no more than 10,341,249 shares (approximately 3% of the total share capital) within 3 months after 15 trading days from the disclosure date of the announcement through centralized bidding and block trading.

Operation & Performance

【Weice Technology: Net income in the third quarter increased by 171.09% year-on-year】

Weice Technology released the third quarter report of 2024. The company achieved an operating income of 0.74 billion yuan in the first three quarters, a year-on-year increase of 43.62%; the net profit attributable to shareholders of the listed company was 62.0178 million yuan, a year-on-year decrease of 30.81%. In the third quarter, the operating income was 0.31 billion yuan, a year-on-year increase of 52.47%; the net profit attributable to shareholders of the listed company was 51.1612 million yuan, a year-on-year increase of 171.09%. The company stated that the performance growth was mainly attributed to the gradual recovery of the semiconductor industry, as well as the increasing demand for high-performance chip testing such as CPU, GPU, AI, and high-reliability chip testing in industrial and automotive electronics.

【Joincare Pharmaceutical Group Industry: Injection-grade oxaliplatin microspheres passed consistency evaluation】

joincare pharmaceutical group industry announcement, the injectable insulin glargine microspheres produced by Livzon Pharmaceutical Group Inc.'s subsidiary Shanghai Livzon Pharmaceutical Co., Ltd. have passed the national regulatory authority's consistency evaluation of generic drug quality and efficacy. This medication is suitable for various conditions including endometriosis, uterine fibroids, breast cancer, prostate cancer, and central precocious puberty.

Guangxi Guiguan Electric Power: The net profit for the first three quarters of 2024 is expected to increase by approximately 85.94%-94.73% year-on-year.

Guangxi Guiguan Electric Power announced that it is expected to achieve a net profit attributable to shareholders of the listed company of about 2.114-2.214 billion yuan in the first three quarters of 2024, an increase of approximately 85.94%-94.73% year-on-year. The increase in performance is mainly due to the impact of water inflow, with the company's power generation increasing year-on-year. The water inflow in the Red Water River basin where the company's key power plants are located increased year-on-year, and power generation also increased. Hydropower stations in Guizhou, Sichuan, and Yunnan also saw an increase in water inflow in the respective regions year-on-year, resulting in a corresponding increase in power generation.

Lotus Holding: The net profit for the first three quarters is expected to increase by 69.15%-79.72% year-on-year.

Lotus Holding announced that it expects to achieve a net profit attributable to shareholders of the listed company of 0.16 billion to 0.17 billion yuan in the first three quarters of 2024, an increase of 69.15%-79.72% year-on-year. In the first three quarters, the company made breakthroughs in the expansion of chain channels such as supermarkets, and its new retail business grew rapidly, with significant increases in condiment sales volume and revenue.

Amlogic: The net profit for the first three quarters is expected to increase by about 90%.

Amlogic announced that it is expected to achieve revenue of approximately 4.64 billion yuan in the first three quarters of 2024, an increase of about 20% year-on-year; it is expected to achieve net income attributable to owners of the parent company of approximately 0.594 billion yuan, an increase of about 90% year-on-year; it is expected to achieve net income attributable to owners of the parent company after deducting non-recurring gains and losses of approximately 0.55 billion yuan, an increase of about 106% year-on-year. During the reporting period, the company's sales revenue and net income maintained rapid growth, mainly benefiting from the gradual market recovery, active sales strategy, and improvement in operational efficiency. The company's multi-product line strategy has made new breakthroughs, with good performance in new product development and market. At the same time, the company continues to strengthen research and development investment and take measures to improve operational efficiency. It is expected that the full-year revenue in 2024 will increase year-on-year, with certain uncertainties in specific performance.

Contract & Project Bid

Zhejiang Construction Investment Group Corp., Ltd.: Subsidiary Huaying Construction won the bid for a project worth 1.569 billion yuan.

Zhejiang Construction Investment Group announced that its subsidiary CR Construction Co., Ltd. successfully won the bid for the first and second phase public housing development project at No. 6, Jinshang Road, Yuen Long, with a bid price of 1.569 billion yuan.

Shaanxi Construction Engineering Group Corporation: The newly signed contract amount from January to September was 239.843 billion yuan.

Shaanxi Construction Engineering Group Corporation announcement: From January to September 2024, the company and its subsidiaries signed a total of 2172 new contracts, with a total contract amount of 239.843 billion yuan. Among them, in July-September, there were a total of 20 larger contracts with a single contract amount exceeding 0.5 billion yuan, including projects such as Dongming Zhongyou Fuel & Petrochemical Co., Ltd.'s 0.3 million tons/year UPC technology test project and Gutangshan Desert Base project.

Titan Wind Energy: Subsidiary signed a $45 million contract for the construction of a floating storage and offloading vessel.

Titan Wind Energy announcement: Wholly-owned subsidiary Nantong Changfeng signed an "Floating Storage and Offloading (FSO) EPC Construction Contract" with OceanSTAR company, with a total project amount of $45 million. The contract aims to provide Nantong Changfeng with related business services for the floating storage and offloading vessel (FSO), to be used for offshore oil field development projects in Southeast Asian waters. The construction period is estimated to be around 22 months, with payment in installments.

Financing & Private Placement

Jilin Electric Power: Intends to carry out REITs business with wind and photovoltaic power generation assets, with a total issue size not exceeding 1.4 billion yuan.

Jilin Electric Power announced that the company intends to apply to the Shenzhen Stock Exchange to register and issue an asset-backed special plan (similar to REITs) based on seven wind and photovoltaic power generation assets held by its subsidiary, with a total issuance size not exceeding 1.4 billion yuan. By issuing REITs-like products, the company can activate existing assets, introduce low-cost equity funds for the capital contribution of clean energy projects, broaden the funding sources for clean energy investments, reduce the debt-to-asset ratio, expand the company's investment and development space, and improve the company's asset-liability structure.

Stock Price Volatility

Fujian Furi Electronics, which has seen two consecutive trading limit ups: No significant issues that should be disclosed but have not been disclosed.

Fujian Furi Electronics issued an abnormal announcement, conducted self-inspection within the company, and verified in writing to the controlling shareholder and actual controller. As of the date of this announcement, there are no significant issues or important information that should be disclosed but have not been disclosed. The company's daily production and operation activities are all normal, and there have been no significant changes in internal and external operating environments and main business. The company has not found any media reports, market rumors, or market hot concepts that require clarification or response affecting the stock trading price.

Other products

Changbai Mountain: Subsidiaries pre-purchase tickets for Changbai Mountain Scenic Area from the company's controlling shareholder.

Changbai Mountain announcement: The company's wholly-owned subsidiaries Zhixing Company and Yiyou Company respectively signed contracts to purchase Changbai Mountain scenic area tickets with the controlling shareholder Changbai Mountain Group. They pre-purchased a total of 10 million yuan of Changbai Mountain North and West scenic area tickets at a 15% discount off the retail price from Changbai Mountain Group. The two companies jointly pre-purchased a total of 20 million yuan worth of tickets. This related trade transaction requires approval by the shareholders' meeting. The essence of the trade is to obtain discounts on Changbai Mountain North and West scenic area tickets through bulk purchasing, ensuring the interests of the company and shareholders without significantly affecting the company's financial condition and operations.

COFCO Technology and Industry: Received the administrative supervision measure decision from the Jiangsu Regulatory Authority.

COFCO Engineering & Technology announced that on October 15, 2024, the company received the "Administrative Supervision Measures Decision" issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. After investigation, the company was found to have the following violations: First, the company did not reperform the review procedures and disclosure obligations when using idle raised funds for cash management; second, there was a discrepancy between the actual investment progress of the raised investment projects and the investment plan, and the company did not explain the reasons for the discrepancy in the relevant reports. The company and relevant responsible persons will learn from this lesson, continue to strengthen their understanding of securities laws and regulations, further improve the company's standardized operation level and disclosure quality. This administrative supervision measure will not affect the company's normal production and operation activities.