Focus on today.

Hangzhou Changchuan Technology: Net profit increased by 26858.78% in the first three quarters.

Hangzhou Changchuan Technology released the report for the third quarter of 2024, achieving operating income of 2.535 billion yuan in the first three quarters, a year-on-year increase of 109.72%; net profit attributable to shareholders of the listed company was 0.357 billion yuan, a year-on-year increase of 26858.78%; and basic earnings per share were 0.57 yuan. In the third quarter alone, operating income reached 1.007 billion yuan, a year-on-year increase of 125.51%; net profit attributable to shareholders of the listed company was 0.143 billion yuan, turning from a loss. Note: Net profit in Q2 was 0.211 billion yuan, based on which, Q3 net profit decreased by 32.23% quarter-on-quarter.

Suzhou Jinfu Technology: Its subsidiary Maizhi Technology will actively communicate potential equipment needs and order situations with various ODMs and cloud service providers including Nvidia.

Suzhou Jinfu Technology issued an announcement on abnormal fluctuations in stock trading, as some investors recently inquired through platforms like Interactive Easy and investor hotlines about cooperation matters between the company's controlling subsidiary Kunshan Maizhi Jig Technology Co., Ltd. (referred to as 'Maizhi Technology') and Nvidia Corporation (referred to as 'Nvidia'). Regarding the above matters, the controlling subsidiary Maizhi Technology, customized according to Nvidia's requirements, has verified the mass-produced version of AOI inspection equipment, which has been incorporated by Nvidia into the Incoming Quality Control (IQC) inspection specification document for a core material of the next-generation data center. This document will be gradually issued to its global server ODM subcontractors and cloud service providers. In the next two months, Maizhi Technology will actively communicate potential equipment needs and order situations with various ODMs and cloud service providers of Nvidia, and prepare for the mass production of related equipment. It is expected that this business will not have a significant impact on the company's operating performance for the current year.

Hao Ou Bo: Controlling shareholder plans changes in controlling interest matters, company's stock suspended from trading.

Hao Ou Bo announced that the company's controlling shareholder, Hai Rui Xiang Tian, is planning the transfer of company shares, which may result in a change in control. Due to the significant uncertainty of this matter, in order to ensure fair disclosure of information, protect the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company's stocks will be suspended from trading starting from October 24, 2024, with an expected suspension period of no more than 2 trading days.

Zhejiang Jingu: Subsidiary Hangzhou Jingu Avatar Low Carbon Wheels Co., Ltd. introduces strategic investors.

Announcement from Zhejiang Jingu: The company plans to introduce strategic investors through its wholly-owned subsidiary Hangzhou Jingu Advanced Low Carbon Wheels Co., Ltd., with financing based on a pre-investment valuation of 2 billion yuan. The total amount of this round of financing is expected to be no less than 0.8 billion yuan and no more than 1.2 billion yuan. The funds will mainly be used for expenses related to the main business of Hangzhou Avanda and its subsidiaries. China Building Materials New Materials Fund has agreed to contribute 0.4 billion yuan to subscribe to the target company's newly added registered capital of 20 million yuan, while Focus Fund has agreed to contribute 0.25 billion yuan to subscribe to the target company's newly added registered capital of 12.5 million yuan. The company has waived its priority subscription rights for this round of financing. After this round of financing is completed, the company's equity stake in Hangzhou Avanda will change to 71.43% (if calculated based on the minimum financing amount) or 62.50% (if calculated based on the maximum financing amount), with Hangzhou Avanda remaining a subsidiary controlled by the company.

Guangdong HEC Technology Holding: Controlling shareholder plans to increase company's shares by 0.5 billion to -0.8 billion yuan.

Guangdong HEC Technology Holding announcement, the company's controlling shareholder Shenzhen HEC Technology Holding plans to increase the company's A-shares within 12 months, with the amount of the increase not less than 0.5 billion yuan and not more than 0.8 billion yuan, and may subsequently increase the amount of the increase based on market conditions.

Infotmic Co.,Ltd.: Related parties involved in the restructuring are under investigation for suspected insider information leakage.

Infotmic Co., Ltd announced that the company has received a notice that individuals related to this restructuring are suspected of leaking insider information and have been issued a "Notice of Filing" by the China Securities Regulatory Commission. The case has not yet been closed, and there is a potential risk of suspension, termination, or cancellation of the trade. However, this matter will not have a significant adverse impact on the company's production and operation. The company will fulfill its disclosure obligations in a timely manner according to the progress of the restructuring.

IMEIK Technology Development: Net profit in the third quarter was 0.465 billion yuan, an increase of 2.13% year-on-year.

IMEIK Technology Development released the third quarter report of 2024, achieving operating income of approximately 2.376 billion yuan in the first three quarters, a year-on-year increase of 9.46%; net income was approximately 1.586 billion yuan, a year-on-year increase of 11.79%. In the third quarter alone, operating income reached approximately 0.719 billion yuan, a year-on-year increase of 1.10%; net income was around 0.465 billion yuan, a year-on-year increase of 2.13%. Little Finance Note: Net profit in Q2 was 0.593 billion yuan, based on this calculation, Q3 net profit decreased by 21.59%.

[Hithink Royalflush Information Network: Net profit in the third quarter was 0.288 billion yuan, a year-on-year decrease of 7.47%]

Hithink Royalflush Information Network released the third quarter report of 2024, with operating income of 0.945 billion yuan in the third quarter, a year-on-year growth of 4.81%; net profit attributable to shareholders of the listed company was 0.288 billion yuan, a year-on-year decrease of 7.47%. Operating income for the first three quarters was 2.335 billion yuan, a year-on-year decrease of 1.59%; net profit attributable to shareholders of the listed company was 0.651 billion yuan, a year-on-year decrease of 15.53%. The company's net profit decline was mainly due to the impact of financial information services demand affected by fluctuations in the capital markets and the increased investment in the field of artificial intelligence large models. Little Finance Note: Net profit in Q2 was 0.259 billion yuan, based on this calculation, Q3 net profit increased by 11.2%.

[Goertek Inc.: Net profit in the third quarter was 1.12 billion yuan, a year-on-year increase of 138.16%]

Goertek Inc. released the third quarter report of 2024, achieving operating income of 29.264 billion yuan during the reporting period, a year-on-year increase of 1.70%; net profit attributable to shareholders of the listed company was 1.12 billion yuan, a year-on-year increase of 138.16%. From the beginning of the year to the end of the reporting period, the company's operating income was 69.646 billion yuan, a year-on-year decrease of 5.82%; net profit was 2.345 billion yuan, a year-on-year increase of 162.88%. Little Finance Note: Net profit in Q2 was 0.846 billion yuan, based on this calculation, Q3 net profit increased by 32.39%.

[Zhejiang NHU: Net profit in the third quarter was 1.785 billion yuan, a year-on-year increase of 188.87%]

Zhejiang NHU released the third quarter report of 2024, achieving operating income of 15.782 billion yuan in the first three quarters, a year-on-year increase of 43.31%; net profit attributable to shareholders of the listed company was 3.99 billion yuan, a year-on-year increase of 89.87%. In the third quarter alone, operating income reached 5.937 billion yuan, a year-on-year increase of 65.21%; net profit attributable to shareholders of the listed company was 1.785 billion yuan, a year-on-year increase of 188.87%. Little Finance Note: Net profit in Q2 was 1.335 billion yuan, based on this calculation, Q3 net profit increased by 33.71%.

[Zhejiang Wanfeng Auto Wheel: Bank of China reduced its ownership by 1%]

Zhejiang Wanfeng Auto Wheel announced that China's Pacific Insurance Limited reduced its holdings of the company's shares by 21.2329 million shares from October 9th to October 22nd through centralized auction trading, accounting for 1% of the total share capital of the company. The source of this shareholding reduction was acquired through centralized auction trading in the secondary market and did not involve pre-disclosure of shareholding reduction. This shareholding reduction complies with regulations. As of the closing of October 22nd, China Pacific Insurance Holdings collectively held 0.125 billion shares of the company, accounting for 5.87% of the current total share capital.

Shenzhen Original Advanced Compounds: Major asset restructuring plan released, proposing to inject semiconductor lead frame business.

Shenzhen Original Advanced Compounds announced that the company intends to directly and indirectly acquire 99.97% equity of Advanced Assembly Materials International Limited (AAMI) through major asset swaps, issuing shares, and paying cash, and transfer 100% equity of its wholly-owned subsidiary, Shenzhen Original New Materials, while raising supporting funds. AAMI is one of the top five global suppliers of semiconductor lead frames, with products fully entering applications in automotive, computing, communication, industrial, consumer fields, covering leading semiconductor IDM factories and assembly and testing plants globally. Through this transaction, the company will accelerate its transformation and upgrade towards the new quality semiconductor productivity, fill the gap of high-end semiconductor materials domestically, promote the supply chain and strengthen the chain of emerging industries like automobiles, new energy, and computing power. At the same time, the globally leading semiconductor packaging equipment leader ASMPT will become an important shareholder of the company (with a shareholding ratio expected to be not less than 20% after the transaction is completed), realizing the optimization of the company's equity structure and governance framework. The company's shares will resume trading on October 24th.

Sichuan Changhong, rising for 6 consecutive days: Stock may be subject to irrational speculation. Sichuan Changhong issued a risk warning notice for stock trading. As of the closing on October 23rd, the company's stock price was 10.79 yuan/share, with a static P/E ratio of 72.43 times and a rolling P/E ratio of 65.03 times, higher than the industry average. The company's stock price has a large fluctuation range in the short term, indicating possible irrational speculation. Recently, the company has been listed in the concepts of 'Western Development' and 'Trade-in old for new.' Upon internal inspection, the company has not identified any significant events directly related to its business, nor any significant impacts on production and operation due to the 'Trade-in old for new' policy, which may have uncertainties regarding its performance.

Sichuan Changhong issued a stock trading risk warning notice. As of the closing on October 23rd, the company's stock price was 10.79 yuan per share, with a static P/E ratio of 72.43 times and a rolling P/E ratio of 65.03 times, higher than the industry's average level. The company's stock price has a large short-term fluctuation range, indicating potential irrational speculation. The company has recently been associated with concepts such as 'Western Development' and 'Trade-in old for new,' but upon the company's self-assessment, no significant events directly related to its business have been found, nor are there any major impacts on its production and operation due to the 'Trade-in old for new' policy. The impact of the policy on the company's performance remains uncertain.

Beijing Original Advanced Compounds: Received a notice of filing from the China Securities Regulatory Commission.

Beijing Original Advanced Compounds announced that the company and one of its actual controllers, Zhao Dezho, received a 'Notice of Case Filing' from the China Securities Regulatory Commission for suspected illegal and irregular information disclosure. The China Securities Regulatory Commission has decided to file a case. Upon the company's self-examination, this case may involve matters related to the company's 2021 technology transfer. The company has not yet received the final investigation conclusions from the China Securities Regulatory Commission, and its operation is normal.

Zhonghang Electronic Measuring Instruments: Net profit for the third quarter was 19.2082 million yuan.

AVIC Electronics Announcement, third quarter revenue was 0.37 billion yuan, a year-on-year increase of 4.93%; net income was 19.2082 million yuan.

[Hefei Taihe Intelligent Technology: Sungrow New Energy confirms no plans to change the company's main business in the next 12 months]

Hefei Taihe Intelligent Technology Group announced that the company is aware of the relevant reports about 'Offering 101% premium to take over Hefei Taihe Intelligent, what capital planning is hidden behind the acquisition by Sungrow Power Supply,' and after verification with Sungrow New Energy, it is confirmed that there are no plans to change the company's main business within the next 12 months that would result in a fundamental change in the company's main business.

[Guangdong Songfa Ceramics: Net loss of 60.31 million yuan in the first three quarters]

Songfa Ceramics Announcement, achieved operating income of 0.181 billion yuan in the first three quarters, a year-on-year increase of 16.44%; net loss attributable to shareholders of the listed company was 60.31 million yuan.

Investment & Signing

[Tongfu Microelectronics: Shenzhen Original Advanced Compounds intends to issue shares to purchase ChuZhou Guangtai's entire assets and related equity]

Tongfu Microelectronics announced that the company has signed an 'Asset Purchase Agreement' with Shenzhen Original Advanced Compounds. Shenzhen Original Advanced Compounds intends to issue shares to purchase all of the assets and related rights and interests held by the company in Chuzhou Guangtai.

Increase or Decrease of Shareholding & Share Repurchase

Yusys Technologies: Shareholder Mingfeng Development plans to reduce 2% of shares.

Yusys Technologies announced that shareholder Mingfeng Development currently holds 34,971,592 shares of the company's unrestricted tradable shares (4.9672% of the total share capital), and due to its own capital needs, plans to reduce its shareholding by 14,081,141 shares (2.00% of the current total share capital) through block trades and centralized competitive bidding. The reduction will take place within 90 days after three trading days from the date of this shareholding reduction plan announcement. Mingfeng Development has committed that the reduction price will not be lower than the issue price, and the reduction quantity will not exceed 100% of the total shares of Yusys Technologies held by them.

Beijing Dinghan Technology Group: Shareholder holding more than 5%, Chairman Gu Qingwei plans to reduce the company's shares by no more than 2%.

Beijing Dinghan Technology Group announced that Mr. Gu Qingwei, a shareholder with more than 5% of shares and the chairman, plans to reduce the company's shares through block trades and centralized bidding within 3 months after 15 trading days from the disclosure date of this announcement, for no more than 11,173,000 shares, accounting for 2% of the total voting shares of the company. The reason for the shareholding reduction is self-capital needs, and the sources of shares include shares held by the company before the initial public offering and listing, shares obtained through the implementation of capital reserve conversion by profit distribution, and shares acquired through participating in the company's non-public offering. The implementation of this shareholding reduction plan will not lead to a change in the company's controlling interest, nor will it have an impact on the company's governance structure and ongoing operation.

Weifu High-Technology Group: Controlling shareholder obtained a special loan quota to increase holdings of company shares.

Weifu High-Technology Group announcement, the controlling shareholder Wuxi Industrial Development Group Co., Ltd. plans to increase the company's A-share stocks through the trading system allowed by the Shenzhen Stock Exchange within 6 months from the date of this announcement, with a total increase amount not less than 45 million yuan and not more than 90 million yuan. Wuxi Industrial Group has obtained approval for a special loan quota for shareholding from China Citic Bank Corporation and signed a 'Cooperation Agreement' with them. China Citic Bank will provide financing support for Wuxi Industrial Group to increase the company's stocks, with a loan quota not exceeding 0.11 billion yuan, a term not exceeding 1 year, an interest rate in accordance with the relevant regulations of China Citic Bank, generally not exceeding 2.25%, specifically used for increasing the company's stocks through centralized bidding trading.

CSD Water Service: Shareholders CSD Clenergy and Xu Guodong plan to jointly reduce their company shares by no more than 3%.

CSD Water Service announced that shareholders Zhong Chi (Beijing) Eco-Friendly Development Co., Ltd. and Xu Guodong plan to reduce their specific shares by no more than 7.6596 million shares through the Shanghai Stock Exchange trading system via centralized bidding, block trading, not exceeding 3.00% of the total shares of the company.

Operation & Performance

CGN Power Co., Ltd.: Net profit in the first three quarters is about 9.984 billion yuan, a year-on-year increase of 2.93%.

cgn power co.,ltd. released the third quarter report for 2024, achieving revenue of approximately 62.27 billion yuan in the first three quarters, a year-on-year increase of 4.06%; the net income attributable to shareholders of the listed company was approximately 9.984 billion yuan, an increase of 2.93% year-on-year. During the reporting period, the total electricity generated by the nuclear power units operated by the company was approximately 166.89 billion kilowatt hours, an increase of 4.97% year-on-year; the electricity generated by the company's controlling subsidiary was approximately 130.332 billion kilowatt hours, an increase of 5.02% year-on-year.

Ningbo Orient Wires & Cables: Net profit in the third quarter increased by 40.28% compared to the same period last year.

Ningbo Orient Wires & Cables announced that in the first three quarters of 2024, the revenue reached 6.699 billion yuan, a year-on-year increase of 25.22%; the net profit attributable to the company's shareholders was 0.932 billion yuan, a year-on-year increase of 13.41%. In the third quarter, revenue was 2.631 billion yuan, up 58.34% year-on-year; net profit attributable to the company's shareholders was 0.288 billion yuan, a year-on-year increase of 40.28%.

Jinzai Food Group: Net profit in the third quarter increased by 42.58% year-on-year.

Jinzai Food Group released the third quarter report for 2024, achieving revenue of 1.772 billion yuan in the first three quarters, a year-on-year increase of 18.65%; net profit attributable to the company's shareholders was 0.215 billion yuan, a year-on-year increase of 61.20%. In the third quarter, revenue was 0.642 billion yuan, up 12.94% year-on-year; net profit was 71.3776 million yuan, a year-on-year increase of 42.58%.

CSPC Innovation Pharmaceutical: Net income in the third quarter decreased by 98.03% year-on-year.

CSPC Innovation Pharmaceutical released the third quarter report of 2024. In the third quarter of 2024, the company achieved revenue of 0.507 billion yuan, a decrease of 14.48% compared to the same period last year. The net income attributable to shareholders of the listed company was 2.3019 million yuan, a year-on-year decrease of 98.03%. The revenue of the caffeine and health food business of the company decreased, while research and development expenses increased significantly, affecting overall performance. Giant Stone Bioscience increased its research and development investment, and multiple products entered the clinical research and development stage.

Nanjing Gaoke: Net income increased by 59.33% year-on-year in the third quarter.

Nanjing Gaoke released the third quarter report for 2024, achieving revenue of 1.514 billion yuan in the first three quarters, a 64.25% year-on-year decrease; net income attributable to shareholders of the listed company was 1.838 billion yuan, a 10.08% year-on-year increase; basic earnings per share were 1.062 yuan. Revenue in the third quarter was 0.47 billion yuan, a 67.85% year-on-year decrease; net income attributable to shareholders of the listed company was 0.816 billion yuan, a 59.33% year-on-year increase.

Konfoong Materials International: Net income increased by 213.13% year-on-year in the third quarter.

Konfoong Materials International released the third quarter report of 2024, achieving revenue of 2.625 billion yuan in the first three quarters, a year-on-year growth of 41.77%; net income of 0.287 billion yuan, a year-on-year growth of 48.51%. In the third quarter alone, revenue reached 0.998 billion yuan, a year-on-year growth of 52.48%; net income of 0.126 billion yuan, a year-on-year growth of 213.13%.

Han's Laser Technology Industry Group: Net income in the first three quarters increased by 124.21% year-on-year.

Han's Laser Technology Industry Group released the third quarter report of 2024, achieving revenue of 10.129 billion yuan in the first three quarters, a year-on-year increase of 7.90%; net income of 1.426 billion yuan, a year-on-year increase of 124.21%. In the third quarter, revenue reached 3.774 billion yuan, a year-on-year increase of 14.34%; net income was 0.201 billion yuan, a year-on-year decrease of 2.32%.

Hengmingda: Net income increased by 59.30% year-on-year in the first three quarters.

Hengmingda released the third quarter report for 2024, achieving revenue of 1.699 billion yuan in the first three quarters, a year-on-year increase of 41.05%; net income of 0.311 billion yuan, a year-on-year increase of 59.30%; and basic earnings per share of 1.33 yuan. In the third quarter, revenue reached 0.758 billion yuan, a year-on-year increase of 40.83%; net income of 0.147 billion yuan, a year-on-year increase of 46.30%.

Contracts & Project Bids

Clenergy Technology: Signed a special loan contract for share buyback with Industrial Bank.

Clenergy Technology announced that the company signed a "Listed Company Share Repurchase Loan Contract" with Industrial Bank, with the Industrial Bank providing 25.5 million yuan of loan funds specifically for the company's share repurchase. The source of funds for the share buyback will be supplemented by a special repurchase loan provided by Industrial Bank on the basis of its own funds.

Jiangxi Hungpai New Material: Signed a special loan contract for share buyback.

Jiangxi Hungpai New Material announced that the company has signed a "Renminbi Stock Buyback/Shareholding Special Loan Contract" with China Citic Bank Corporation Nam Cheong Branch, applying for a loan amount of 60 million yuan, with a loan term of 12 months dedicated for share buybacks. The company will opportunely implement the buyback plan within the buyback period according to market conditions, strictly adhering to the principle of "special funds for special use, closed-loop operation" for the loan funds. This transaction will not have a significant impact on the company's annual operation performance.

Leike Defense Technology: Signed a 24 million yuan share buyback loan contract.

Lyle Technology announced that the company has decided to adjust the source of buyback funds from "company's own funds or self-raised funds" to "company's own funds and self-raised funds". The company has signed a "Listed Company Stock Buyback Loan Contract" with Industrial and Commercial Bank of China, with a loan amount of 24 million yuan and a loan term of 12 months, used to pay the repurchase transaction price.

Stock Price Volatility

chengdu road & bridge engineering: the stock price has significantly deviated from the industry average level

Chengdu Road & Bridge issued a stock trading serious abnormal fluctuation and risk warning announcement. Recently, the company's stock price has seen a large short-term increase. As of October 23, 2024, the company's static P/E ratio is 913.31 times, rolling P/E ratio is -146.32 times, P/B ratio is 1.39 times. The industry average static P/E ratio is 6.97 times, average rolling P/E ratio is 7.33 times, average P/B ratio is 0.65 times. The stock price has significantly deviated from the industry average level. There have been no significant changes in the company's fundamentals, nor are there any undisclosed significant information that should be disclosed.

Other products

beijing leike defense technology: the company and related persons received a warning letter from the Beijing Securities Regulatory Bureau

Beijing Leike Defense Technology announced that the company recently received a 'Warning Letter' issued by the Beijing Securities Regulatory Bureau. Due to the company's subsidiary not fully assuming the primary responsibility in some sales businesses, but recognizing the related revenue and cost of goods sold using the total amount method instead of the net amount method, resulting in inaccurate financial data in the 2023 annual report. The Beijing Securities Regulatory Bureau has decided to take administrative regulatory measures by issuing a warning letter to the company and related individuals, and recording it in the capital market integrity archives database.