Focus on today.

Dongan Auto Engine, which has seen four consecutive daily limit increases, currently has no revenue related to flying car operations.

Harbin Dongan Auto Engine issued an announcement on abnormal fluctuations in stock trading. The company has recently observed that some media have listed the company as a concept stock of flying autos. Upon verification, the company currently has no revenue related to flying autos business. In the first three quarters of 2024, the company achieved revenue of 2.992 billion yuan, a year-on-year decrease of 22.24%, and realized a net income attributable to shareholders of the listed company of -1.5979 million yuan, turning from profit to loss.

Zhongxin Shares announced that the U.S. Department of Commerce has initiated anti-dumping and anti-subsidy investigations into the company's products.

Zhongxin Shares announced that on October 29, 2024, U.S. time, the U.S. Department of Commerce officially initiated anti-dumping and anti-subsidy investigations into hot-molded fibrous products originating from China and Vietnam. The anti-dumping case number is A-570-182, the investigation period is expected to be from April 1, 2024, to September 30, 2024; the anti-subsidy case number is C-570-183, the investigation period is expected to be from January 1, 2023, to December 31, 2023. The sales amount of hot-molded fibrous products exported to the U.S. accounts for a high proportion of the company's total revenue for the period. The company has set up a special working group, hired a professional legal team to actively respond to this "double reverse investigation," and accelerated the construction progress of the factory in Thailand, striving to officially start production in the first quarter of 2025 to fulfill orders from U.S. customers.

Innuovo Technology plans to acquire 100% equity of SME-ChiNext Tech 100 for 0.12 billion yuan.

Innuovo Technology announced that the company plans to use its own funds of 0.12 billion yuan to acquire 99% equity of Zhejiang Allway Technology Co., Ltd. held by Hengdian Group Holding Co., Ltd., and 1% equity of Allway Technology held by Dongyang Hengdian Enterprise Management Service Co., Ltd. This acquisition of Allway Technology's equity is based on the company's global strategic considerations and will help to achieve resource integration and complementary advantages, further optimize the business structure, and enhance overall competitiveness. This transaction constitutes a related party transaction. Upon completion of the transaction, Allway Technology will become a wholly-owned subsidiary of the company and be included in the company's consolidated financial statements.

Changyongtong: planning to issue shares and pay cash to purchase 1 shareholding of Shengyisheng. The stock will be suspended from trading starting tomorrow.

Changyingtong announcement, the company is planning to purchase the equity of Wuhan Shengyisheng Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, while raising matching funds. According to preliminary calculations, this transaction is expected to not constitute a major asset restructuring, not constitute a related party transaction of the company, will not lead to a change in the actual controller of the company, and will not constitute a backdoor listing. Due to the remaining uncertainties of this transaction, the company's stocks will be suspended from November 1, 2024, and the suspension period is expected not to exceed 5 trading days.

Sungrow Power Supply: Achieved a net income of 2.64 billion yuan in the third quarter, a year-on-year decrease of 7.96%.

Sungrow Power Supply released the third quarter report for 2024, achieving revenue of 49.946 billion yuan in the first three quarters, a year-on-year increase of 7.61%; net income attributable to shareholders of the listed company was 7.6 billion yuan, a year-on-year increase of 5.21%. Achieved a net income of 2.64 billion yuan in the third quarter, a year-on-year decrease of 7.96%. Note: Net income in Q2 was 2.863 billion yuan. Based on this calculation, net income in Q3 decreased by 7.76%.

4 consecutive boards' Doushen Education: The revenue generated from AI education products in the first three quarters accounted for no more than 4% of total revenue.

Doushen Education issued an announcement regarding abnormal fluctuations in stock trading. On October 25th, the company disclosed the strategic cooperation framework agreement with Beijing Huazhang Technology Co., Ltd. and Hainan Hezun Network Technology Co., Ltd., and announced the establishment of a joint venture company specializing in the research and sales of AI education products, which has not generated revenue yet. There are risks that the investment progress may not meet expectations. In the first three quarters of 2024, revenue generated from AI education products accounted for no more than 4% of total revenue.

ST Jingga: The company's stock will resume trading from November 1st, 2024.

ST Jingga announced that due to the inability to disclose the 2024 interim report within the statutory period, the company's stock has been suspended from trading since September 2nd, 2024. Recently, the 2024 interim report was reviewed and approved by the Board of Directors and the Supervisory Board and was disclosed on October 31st, 2024. According to relevant regulations, the company's stock will resume trading from November 1st, 2024.

Investment & Signing

Chongqing Yukaifa: According to the shareholding proportion, the controlling subsidiary will be converted into shares for capital increase.

In a Chongqing Yukaifa announcement, the company's board of directors approved a proposal agreeing that the company and Shanghai Fude Investment Management Co., Ltd. will convert their respective 0.155 billion yuan shareholder loans to Chongqing Langfu Real Estate Co., Ltd., a subsidiary controlled by the company, into shares for a capital increase of 0.31 billion yuan, with the shareholding proportions remaining unchanged after this capital increase.

Equity Changes

Longgao shares: The controlling shareholder plans to transfer 3.35% of the company's stake to the concerted action parties.

In a Longgao shares announcement, the company's controlling shareholder Longyan Investment Development Group Co., Ltd. (referred to as the "Investment Group") plans to transfer its pre-initial public offering shares of 6 million shares (approximately 3.35% of the total share capital) of the company to Longyan Hongtong Investment Co., Ltd. (referred to as "Hongtong Investment") through an agreement transfer. The transfer price is 17.26 yuan per share, with a total transaction price of 0.104 billion yuan. The Investment Group and Hongtong Investment have signed a "Consistent Action Agreement", where the Investment Group and Hongtong Investment's actual controllers are both controlled by the Longyan City State-owned Assets Supervision and Administration Commission of Fujian Province. This agreement transfer between concerted action parties under the same control will not lead to changes in the company's controlling shareholder, the actual controller, or the corresponding control rights, and will not have adverse effects on the company's ongoing stable operations.

Increase or Decrease of Shareholding & Share Repurchase

Changzhou NRB Corporation: Intends to repurchase shares of 70 million to -0.1 billion yuan.

Changzhou NRB Corporation announced that the company plans to repurchase shares at a price range of 70 million to -0.1 billion yuan for the implementation of an employee shareholding plan and/or stock-based incentives. The repurchase price will not exceed 12 yuan per share. The source of funds for this share repurchase comes from the company's own funds and specialized stock repurchase loan funds. The company has obtained a "Loan Commitment Letter" issued by the Construction Bank of China Changzhou Branch, agreeing to provide a specialized stock repurchase loan of 70 million yuan for the company's share buyback, with a loan term of 1 year.

Harbin Gloria Pharmaceuticals: Obtained special financing support for repurchasing company shares.

Harbin Gloria Pharmaceuticals announced that on October 30, 2024, the company received a 'Loan Commitment Letter' issued by the Bank of China Harbin Pingfang Branch, promising to provide a maximum of 70 million RMB loan funds specifically for share buyback. The loan has a duration of one year, with the commitment letter valid until October 7, 2025. This loan commitment letter obtained will provide financing support for the company's share repurchase.

Cheng De LoLo: Received a "Loan Commitment Letter" of 0.49 billion yuan for repurchasing company shares.

Cheng De LoLo announcement that the company recently received a "Loan Commitment Letter" issued by the Construction Bank of China, committing to provide 0.49 billion yuan of specialized loan funds for share repurchase to be used for increasing shareholding.

China Zhenhua: Controlling shareholder's plan to increase company's shares receives loan support.

China Zhenhua announced that the controlling shareholder, China Zhenhua Electronics Group Co., Ltd., plans to increase the company's shares through the trading system allowed by the Shenzhen Stock Exchange within 6 months from the disclosure date, with the planned increase amount not less than 0.1 billion yuan and not exceeding 0.2 billion yuan. The current increase price is not higher than 59.60 yuan per share. Recently, China Zhenhua received a "Loan Commitment Letter" from Guizhou City North Branch of the Construction Bank of China, providing a specialized loan of 0.14 billion yuan RMB for the payment of trading price and expenses for increasing Zhenhua Technology's shares, with a loan term of 1 year. This increase plan may face risks of not achieving expected results due to changes in capital market conditions or other risk factors.

Zhejiang Unifull Industrial Fibre: Cancels the upper limit of 4 yuan per share for increasing shareholding.

Zhejiang Unifull Industrial Fibre announced that some of the directors, senior management, and core middle managers (the shareholding parties) voluntarily cancelled the maximum shareholding price limit (i.e. RMB 4 per share) in the shareholding plan. As of October 18, 2024, the shareholding parties collectively increased their holdings of the company's shares by 1.3416 million shares, accounting for 0.1361% of the total share capital of the company, with a cumulative increase of RMB 3.9103 million. This shareholding plan will not lead to the company's equity distribution not meeting the listing conditions, nor will it cause changes in the company's equity structure. The shareholding parties will continue to implement a shareholding plan of no less than RMB 5.1 million within the shareholding period.

Shenzhen TXD Technology: The Chairman proposed to repurchase company shares of RMB 0.25 billion to RMB -0.4 billion.

Shenzhen TXD Technology announced that the Chairman, Wan Feng, proposed that the company repurchase some of its issued Renminbi ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by centralized bidding with self-raised funds and other means. The repurchased shares are intended to be used for stock-based incentives or employee stock ownership plans. The total amount of the repurchase fund shall not be less than RMB 0.25 billion and not exceed RMB 0.4 billion. The maximum repurchase price shall not exceed 150% of the average trading price of the company's shares on the 30 trading days prior to the board of directors' approval of the repurchase proposal. The repurchase period is within 12 months after the board of directors' approval of this share repurchase plan.

Contracts & Project Bids

China Green Electricity Investment of Tianjin: Subsidiary obtains construction indicators for 250MW photovoltaic complementary fishing and light project in Fujian.

China Green Electricity Investment of Tianjin announced that on October 30, the Fujian Provincial Development and Reform Commission issued the 'Fujian Development and Reform Commission's Notice on the 2024 Annual Plan for the Development and Construction of Photovoltaic Power Stations in Fujian,' approving the company's subsidiary, Luneng New Energy (Group) Co., Ltd. Jiangsu Branch's application for the inclusion of the 'Luneng New Energy Longhai Baishui 250MW Photovoltaic Complementary Fishing and Light Photovoltaic Power Station' into the '2024 Annual Plan for the Development and Construction of Photovoltaic Power Stations in Fujian project list.' This project is located in Zhangzhou City, Fujian Province, with a project type of fishing and light complementary, and an installed capacity of 250MW.

Fujian Zhangzhou Development: Subsidiary's rooftop photovoltaic power station project included in the 2024 Annual Plan for the Development and Construction of Photovoltaic Power Stations in Fujian project list.

Fujian Zhangzhou Development announced that the projects of Fujian Zhangzhou New Energy Investment Co., Ltd., including the 'Zhangzhou New Energy Zhao'an Sido 25MW Rooftop Photovoltaic Power Station' project and the 'Zhangzhou New Energy (Zhangzhou High-tech Zone) Co., Ltd.' The 'Zhangzhou New Energy Zhangzhou High-tech Industrial Development Zone Jingyuan Area 110MW Rooftop Photovoltaic Power Station' project was included in the 2024 Annual Plan for the Development and Construction of Photovoltaic Power Stations in Fujian project list. The projects are still in the preliminary preparation stage, and the subsequent approval procedures will be carried out according to relevant regulations based on the progress.

Lujiazui: Won the land use rights of a land parcel in Pudong New Area, Shanghai with a bid of 3.441 billion yuan

Lujiazui announcement, on October 31, 2024, the company won the state-owned construction land use rights of land parcel C000101, Unit 2E8, Block 2E8-17 in Meiyuan Community, Pudong New Area, Shanghai (referred to as "Parcel 17") with a bid of 3,440.53 million yuan. The company will establish a wholly-owned subsidiary Shanghai Lurong Real Estate Co., Ltd. (referred to as "Lurong Real Estate", temporary name subject to final approval by the market supervision department) to develop Parcel 17 and sign a transfer contract in accordance with regulations (2.0). Lurong Real Estate has a registered capital of 3800 million yuan.

Eastone Century: Awarded the comprehensive maintenance service project for Guangdong Tower from 2025 to 2027

Eastone Century announced that the company has been awarded the bid for the share four of the comprehensive maintenance service project for Guangdong Tower from 2025 to 2027. The project includes providing comprehensive maintenance services to Guangdong Tower, such as daily inspections (including fault handling) of tower, indoor distribution, microsites, and new business sites (only in 2025), repairs (excluding FSU, towers, specialized repairs for switch power supply), emergency power generation, communication support, etc. The service period is from January 1, 2025 to December 31, 2027. The estimated discounted amount after winning the bid is 0.124 billion yuan. If a formal contract is signed and successfully implemented, it will have a positive significance on the company's business growth and further expansion in Guangdong and other regions, positively impacting the company's performance. However, the company has not yet signed a formal project contract with the bidding party, so there is uncertainty as to whether the contract will be finalized.

Stock Price Volatility

Hefei Taihe Intelligent: Confirming no plans to change the company's main business in the next 12 months

Taihe Intelligent issued a notice of abnormal stock fluctuations, noting related reports like "Buying 101% premium into Taihe Intelligent, what capital plan does Sungrow Power have behind buying the shell?" Upon verification with Sungrow Power, they confirmed that there are no plans to change the main business of the company within the next 12 months that would fundamentally alter the company's main business.