Focus on today.

Senior material: Intends to strategically cooperate with China's Deep Blue Hui Ze to jointly develop solid-state electrolyte membranes.

Senior material announcement, the company signed a strategic cooperation framework agreement with China's Deep Blue Hui Ze New Energy (Changzhou) Co., Ltd. (referred to as "China's Deep Blue Hui Ze"), establishing a deep strategic cooperation relationship, jointly developing solid-state electrolyte membranes, and further expanding commercial cooperation at the appropriate time for the development, production, and sales of solid-state electrolyte membranes.

Longi Green Energy: Chairman Zhong Baoshen intends to increase his holdings of the company's shares within 12 months, with the amount not less than 0.1 billion yuan.

Longi Green Energy Announcement, Chairman Zhong Baoshen intends to increase his holdings of the company's shares through the Shanghai Stock Exchange system permitted methods within 12 months from the date of this announcement, with the amount not less than 0.1 billion yuan.

13 days and 8 boards Grinm Advanced Materials: There is a risk of market speculation.

Grinm advanced materials has published a risk warning announcement. As of now, the company's controlling shareholder holds 0.28 billion stocks of the company, accounting for 33.09% of the total share capital, while the rest are external circulating stocks. There is a risk of market speculation. Investors are advised to be cautious of secondary market trading risks, make rational decisions, and invest prudently.

tianjin binhai energy & development, with 6 consecutive trading limit up in 10 days: terminate the review of issuing shares to specific entities in 2024

tianjin binhai energy & development announced that on November 18, 2024, the company held the 16th meeting of the 11th board of directors and the 16th meeting of the 11th supervisory board, and approved the proposal on terminating the issuance of shares to specific entities in 2024 and withdrawing the application documents. The company and the sponsor Ping An Securities submitted an application to the Shenzhen Stock Exchange to withdraw the application documents for issuing shares to specific entities in 2024. On November 25, 2024, the company received a decision from the Shenzhen Stock Exchange on terminating the review of the application for tianjin binhai energy & development to issue shares to specific entities, and the Shenzhen Stock Exchange decided to terminate the review of the company's application to issue shares to specific entities.

tian jin bohai chemical, with 7 consecutive trading limit up: continuous losses due to the continuous release of PDH industry capacity, intensified domestic demand contraction and other factors

Tian Jin Bohai Chemical issued a public announcement on the abnormal fluctuations in stock trading. The company's stocks have been limit up for seven consecutive trading days from November 15, 2024 to November 25, 2024, with a deviation of 97.94% in the closing price over the seven consecutive trading days, and a turnover ratio of 52.73%. The increase in price is significantly higher than the industry and SSE A share index during the same period, with the turnover ratio also significantly higher than the average level of the SSE. Due to factors such as the macroeconomic environment, intensified continuous release of PDH industry capacity, and sluggish domestic demand, the company continues to incur losses.

ningbo techmation with 5 consecutive trading limit up: the company's subsidiary EEI in Italy does not directly produce and develop complete nuclear fusion machine devices

Ningbo Techmation issued a notice on abnormal fluctuations in stock trading and risk warning. The company noted the recent high market attention to the controllable nuclear fusion concept. The company's subsidiary, EEI in Italy, does not directly produce and develop complete nuclear fusion machine devices. Instead, it provides HDPS series power solutions with high dynamic characteristics for nuclear fusion devices, which are a component of nuclear fusion devices. Such solutions are customized and the business model involves project bidding with a long delivery cycle, with the order amount accounting for a low proportion of the total project investment. In 2024, this type of business is expected to account for approximately 2% of the company's main business income, with limited short-term impact on the company's performance. Global controllable nuclear fusion projects are currently mostly in the experimental stage, aiming to verify the scientific and technical feasibility of nuclear fusion energy production, ultimately achieving sustainable and clean energy production. The distance to commercial applications of controllable nuclear fusion is still considerable, and there is significant uncertainty about the sustainability of EEI's participation in such projects. Investors are advised to make decisions carefully.

anhui zhongyuan new materials, with 5 consecutive trading limit up: the main business remains unchanged and internal production and operation activities are normal

Anhui Zhongyuan New Materials has issued an announcement on unusual activities. The company has three sectors: new materials, new energy fund, and auxiliary business. Among them, the new materials business mainly involves the research, production, and sales of copper foil materials, which is the company's main business; the new energy fund business mainly involves the production and sales of metal structural components for batteries and aluminum foil; the auxiliary business mainly involves the production and sales of anti-corrosion materials and thermal insulation materials, equipment research and manufacturing sales, and 3D printing related business. Upon internal review, as of November 25, 2024, the company’s main business has not changed, the order of internal production operations is normal, and there have been no significant changes in daily operations.

Liuguo Chemical, which has had 5 consecutive trading limit-up days, does not have solid state battery products, nor does it have plans or intentions to develop solid state batteries.

In an announcement by Liuguo Chemical, the recent surge in the company's stock price has led to a higher PE ratio compared to industry peers. However, the company's fundamentals have not undergone major changes, which might pose a risk of a significant decline after a sharp increase in the short term. As of now, the controlling shareholder does not have plans to inject the New Bridge Pyrite Mine of Tonghua into the listed company, nor have there been any discussions with the shareholder about this asset injection. The company's main products include compound fertilizers, diammonium phosphate, monoammonium phosphate, with no solid state battery products, nor plans or intentions to develop solid state batteries. The company's three main raw materials are coal, phosphate ore, and sulfuric acid, mainly procured externally. The price of phosphate ore is high, sulfuric acid has increased by over 50% compared to the same period last year. If the upstream raw material prices rise without a corresponding increase in product prices, it will lead to a decrease in gross margin.

Teamsun Technology, with 3 consecutive trading limit-up days, stated that cooperation with Huawei does not have a significant impact on the company's performance.

Teamsun Technology issued a stock trading risk alert, noting the high media attention on the company's cooperation with Huawei. The main mode of cooperation between the company and Huawei is the procurement of Huawei's hardware and software products based on project construction and operational needs. The revenue from the aforementioned business accounts for a small proportion of the company's global revenue and does not have a significant impact on the company's performance.

Power HF Co., Ltd., which has had 3 consecutive trading limit-up days, is still in the research and development stage of new energy storage batteries, with uncertainties in the R&D cycle and outcomes.

Power HF Co., Ltd. announced that from November 20 to November 25, the company's stock trading price has cumulatively increased by 29.93%, with a recent significant surge, indicating potential downside risks after a significant short-term increase. The company has noticed the high market attention on the solid state battery concept recently. In its annual report for 2022 released on April 15, 2023, the company introduced its collaboration with Li Chilin's research team at the Shanghai Institute of Ceramics, Chinese Academy of Sciences, in developing new energy storage batteries. However, it is still in the R&D stage with uncertainties in the R&D cycle and outcomes, as well as uncertainties in industrial application and the formation of related products. Currently, it has no impact on the company's performance, and investors are advised to pay attention to investment risks.

Investment & Signing

Zuming Bean Products Corp. plans to acquire a 51% stake in Fruit Bean Food for 0.112 billion yuan.

Zuming Bean Products Corp. announced that the company will purchase 51% of the equity of Nanjing Guoguo Bean Food Co., Ltd., held by Nanjing Guoguo Food Co., Ltd., Cai Liqun, and Jiang Yuejun, in cash, with an initial transaction price of 0.112 billion yuan, to be paid in three phases. The actual payment amount will be adjusted based on the operating performance commitments of the target company for 2024, 2025, and 2026, not exceeding the initial transaction price. After the completion of this transaction, Nanjing Guoguo Bean Food Co., Ltd. will become a wholly-owned subsidiary of the company and be included in the company's consolidated financial statements.

Runjian Co., Ltd.: Subsidiary intends to invest 0.1 billion yuan to subscribe to Huajing Carbon Neutrality Fund.

Runjian Co., Ltd.'s wholly-owned subsidiary Runjian Energy, as a limited partner, signed a partnership agreement with general partners Huajing Energy Efficiency, Jingke Energy Control, and limited partner Chenping New Energy for the establishment of Huajing (Tianjin) Carbon Neutrality Equity Investment Fund Partnership. Together, they will invest in Huajing Carbon Neutrality Fund. The fund has a total fundraising scale of 0.502 billion yuan, with Runjian Energy subscribing 0.1 billion yuan, representing 19.92% of the total contribution. The initial fundraising amount is 10 million yuan, with Runjian Energy contributing 1.6 million yuan. The fund will mainly invest in enterprises related to the clean energy industry, focusing on centralized photovoltaics, distributed photovoltaics, and secondary energy storage and charging station.

Hubei Guangji Pharmaceutical: Enters into strategic cooperation agreement with Guosen Pharmaceutical and Pingguang Pharmaceutical.

Guangdong Guangji Pharmaceutical announced that the company has signed a strategic cooperation agreement with Qingdao Guosen Pharmaceutical Co., Ltd. to expand cooperation in the out-of-hospital market with the goal of creating greater value for patients. In addition, the company also announced that it has recently signed a strategic cooperation agreement with Pingguang Pharmaceutical Co., Ltd., based on the principles of complementary advantages, mutual benefit, and common development, to expand cooperation in the out-of-hospital market and create greater value for patients.

Equity Changes

Tansun Technology: Controlling shareholder's concerted action person intends to transfer 5.02% of the company's shares.

Tansun technology announced that its controlling shareholder and actual controller Ouyang Jianping's concerted action party, Jiangsu Lianyungang Port Haohong Zhiyie Venture Capital Partnership (Limited Partnership) (referred to as "Haohong Zhiyie"), signed a "Share Transfer Agreement" with Yunnan International Trust Co., Ltd. (representing the "Yunnan Trust - Yunsheng 2024-652 Collective Fund Trust Plan") on November 21, 2024. Haohong Zhiyie plans to transfer its 23.2 million unrestricted tradable shares of the company to Yunnan International Trust through an agreement. After the transfer is completed, Haohong Zhiyie will hold 16.5501 million shares of the company, accounting for 3.58% of the company’s total share capital, while Yunnan International Trust will hold 23.2 million shares of the company, accounting for 5.02% of the company’s total share capital. This change in equity will not lead to a change in the company's control.

Golden Dragon Development Inc.: The transfer of the equity of Zhongshan Securities has been pre-listed on the Shanghai United Property Exchange.

Guangdong Golden Dragon Development Inc. announcement, previously disclosed, the company plans to transfer its 67.78% equity in Zhongshan Securities, with the expected trade constituting a major asset restructuring. As of now, this trade has been pre-listed on the Shanghai United Property Exchange, and the company has hired securities institutions to conduct due diligence, audit, evaluation, and other work on this major asset restructuring.

Gpro Titanium Industry: A wholly-owned subsidiary plans to sell 100% equity of Dongyi Hotel Company.

Gpro Titanium Industry announced that its wholly-owned subsidiary, Nanjing Titanium Dioxide, plans to sell 100% equity of Dongyi Hotel Company. The company has no related relationship with the counterparty, Wentian Education. This transaction is not a related party transaction and does not constitute a major asset restructuring. The transaction price is 0.206 billion yuan.

Unittec Co., Ltd.: Northern Electronics Research Institute Co., Ltd. inquired about transferring 4.007 million shares.

Unittec Co., Ltd. Announcement: Northern Electronics Research Institute Co., Ltd. (Electronic Institute) reduced its shareholding by 4.007 million shares through an inquiry-based transfer, accounting for 1% of the total share capital of the company, at a transfer price of 37.91 yuan per share. After this equity change, the shareholding proportion of the Electronic Institute and its concerted action parties decreased to 18.97%. Based on the pricing principle specified in the subscription invitation letter, ultimately distributed to 10 investors.

Increase or Decrease of Shareholding & Share Repurchase

Huaan: Plans to buy back and cancel shares worth 0.1 billion yuan to -0.2 billion yuan.

Huaan announced the plan to repurchase shares amounting to 0.1 billion yuan to -0.2 billion yuan, with the repurchase price not exceeding 9.36 yuan per share. The shares repurchased will be fully used for cancellation and reduction of the company's registered capital.

Dongwei Technology: The employee shareholding platform plans to reduce the company's shares by no more than 2% in a block trade.

Dongwei Technology announced that the employees' shareholding platforms Fangfangyuan and Jiayue Jiayue plan to reduce their holdings of the company's shares through block trades. Fangfangyuan plans to reduce the number by no more than 3.7547 million shares, accounting for no more than 1.26% of the total share capital. Jiayue Jiayue plans to reduce the number by no more than 1.8122 million shares, accounting for no more than 0.61% of the total share capital. The reduction plan will be implemented within 3 months after the announcement disclosure, starting from 15 trading days later, and within any consecutive 90 natural days, the total number of shares reduced shall not exceed 2% of the total number of company shares. The reduction price will be determined based on the market price at the time of implementation, and not lower than the company's initial public offering price. The actual controller of the company and the executives will not participate in this shareholding reduction plan.

Contract & Project Bid

Unittec Co., Ltd.: Won the bid for a rail transit project worth 0.537 billion yuan.

Unittec Co., Ltd. announced that the company has been identified as the winning bidder for the 'Hangzhou Urban Rail Transit Line 18 Phase I Project Signal System and Platform Door System Tender Project'. The project's target amount is 0.537 billion yuan, starting from Xiaoshan Yiqiao Station to Century Avenue Station, with a total length of 48.3 kilometers and 19 stations.

Guangdong Construction Engineering: Wholly-owned subsidiary won the bid for mechanical and electrical installation engineering of Guangdong Construction Engineering Science Innovation Building project.

Guangdong Construction announced that its wholly-owned subsidiary, Guangdong Installation, received a "Bid Award Notification" from Guangzhou Trading Group Co., Ltd. on November 22, 2024, confirming Guangdong Installation as the winning bidder for the electromechanical installation project of the Guangdong Construction Innovation Building, with a bid price of 0.308 billion yuan.

Changshu Fengfan Power Equipment: Won the bid for the fourth/2024 exemption decree expansion project G03 group in Chile for 43.033 million US dollars.

Changshu Fengfan Power Equipment Announced that the company won the bid for the design, supply, and construction total package project (EPC) of the fourth/2024 exemption decree expansion project G03 group in Chile, with a bid amount of 43.033 million US dollars, accounting for about 9.11% of the company's audited revenue in 2023.

Financing & Private Placement

Xiangtan Electric Manufacturing: Plans to raise funds of no more than 2 billion yuan through private placement.

Xiangtan Electric Manufacturing announced that it plans to raise funds of no more than 2 billion yuan for the serialization research and industrialization project of aviation electrical systems, the research and industrialization project of magnetic levitation bearing high-speed electric machine systems, and to supplement working capital.

Stock Price Volatility

Shandong High Speed Renewable Energy: The company's industrial mixed oil products are included in the list of products for which export tax rebates are cancelled for two consecutive trading days.

Shandong High Speed Renewable Energy Announced that on November 15, the Ministry of Finance and the State Administration of Taxation issued Announcement No. 15 of 2024 on Adjusting the Export Tax Rebate Policy. After checking the "List of Products for Canceling Export Tax Rebates," the company's industrial mixed oil products are included in the list. The adjustment of this export tax rebate policy may cause certain fluctuations in the domestic and international industrial mixed oil market prices in the short term. However, from a medium to long-term perspective, industrial mixed oil is a domestically and internationally recognized renewable energy product with carbon reduction attributes. It is an important raw material for promoting the accelerated development of biodiesel and bio-aviation coal industries. With the deep implementation of the national "dual carbon" target and the continuous promotion of biodiesel and bio-aviation coal application trials, various types of domestic enterprises (central enterprises, listed companies, private companies, etc.) are actively deploying and gradually releasing production capacity. This series of measures will accelerate the demand in the domestic industrial mixed oil market. At the same time, as the overseas market gradually increases the mandatory blending ratio policy for bio-aviation fuel, given that bio-aviation fuel produced from industrial mixed oil as raw material has the highest carbon reduction attribute, there is strong overseas demand. In the future, the company will deepen the expansion strategy of domestic and foreign sales channels, seize policy opportunities, broaden the application areas and scenarios of company products, and enhance product added value.

Other products

Ningxia Baofeng Energy Group: The first series of production lines for the olefin project in Inner Mongolia has successfully completed trial production.

Baofeng Energy Group announced that the first series of the 3 million tons/year olefin project and the 1 million tons/year olefin production line of its subsidiary Inner Mongolia Baofeng Coal-based New Materials Co., Ltd. have successfully completed trial production, producing qualified products. As of the date of this announcement, the first series of the Inner Mongolia olefin project of Baofeng Energy Group is operating steadily.

Palm Eco-Town Development: Involved in a 0.395 billion yuan loan contract dispute and has been sued.

Palm Eco-Town Development announced that the company has been sued by Shanghai International Trust Co., Ltd. for a loan contract dispute involving an amount of 0.395 billion yuan, accounting for 12.02% of the audited net assets of the company in 2023. The case has been filed and accepted by the Shanghai Financial Court, and the trial has not yet begun. The current impact on the company's profits for the current period and subsequent periods is not yet clear. The company will closely monitor the progress of the case, handle it in accordance with accounting standards, and continue to fulfill its disclosure obligations.

Lepu Medical Technology: Subsidiaries MWN105 Injection and MWN109 Injection received approval notices for drug clinical trials.

Lepu Medical Technology announced that its holding subsidiary Shanghai Minsheng Biotechnology Co., Ltd. has received the Drug Clinical Trial Approval Notice issued by the National Medical Products Administration (NMPA). The clinical trial applications for MWN109 injection and MWN105 injection have been approved. The indications for MWN105 injection are overweight or obesity and type 2 diabetes, while the indications for MWN109 injection are type 2 diabetes and overweight or obesity. Minsheng Biotechnology is dedicated to the research and development of innovative drugs for metabolic diseases, and has accumulated rich experience in GLP-1 multi-target drug development. The company will actively advance the research and development progress of these drugs and fulfill its information disclosure obligations in a timely manner based on the progress of research and development.

Anhui Anke Biotechnology: Application for additional indications for human growth hormone injections has been accepted.

Anhui Anke Biotechnology announced that the company received the Administrative License Document "Acceptance Notice" from the National Medical Products Administration, and the supplementary application for the indication of growth hormone injection for preterm infants (SGA) was accepted.