Tianjin Investment City Development announced on the evening of December 17 that due to the planning of major asset restructuring related to asset replacement, the company's shares have been suspended since the market opened on December 18, and it is expected that the suspension will not exceed 10 trading days. As of the close of trading on the 17th, the company's latest market value was 3.008 billion yuan.

According to the disclosure, the state-owned controlling shareholder of Tianjin Investment Urban Development decided that the listed company intends to purchase the controlling stake in five companies held by Tianjin Energy Investment Group Co., Ltd. and its subsidiaries through asset replacement, issuance of shares and cash payment, and raise matching funds. After the completion of the transaction, the company's main business will be changed from real estate development and operation to heating, comprehensive energy services and new energy power generation.

On the evening of the same day, Guocheng Mining also disclosed an important announcement that the company intends to purchase no less than 60% of the equity of Inner Mongolia Guocheng Industrial Co., Ltd. (hereinafter referred to as "Guocheng Industrial") held by Guocheng Holding Group by paying cash and assuming debts, aiming to lay out molybdenum concentrate resources. It is reported that the estimated value of 100% equity of Guocheng Industrial is about 5.5 billion yuan, and this transaction is expected to constitute a major asset restructuring.

In addition, Gaoling Information announced that the company intends to purchase 100% of the shares of Shanghai Xinnuo Communication Technology Co., Ltd. by issuing shares and paying cash, and raise matching funds. Up to now, the audit and evaluation of the transaction has not been completed, the valuation and pricing of the underlying assets have not yet been determined, according to the preliminary calculation of relevant data, the transaction is expected to meet the standard of material asset restructuring, thus constituting a major asset restructuring of the listed company.

Xinnuo Communication is deeply engaged in the field of communications, mainly providing network communication products and network security products for telecom operators and government and enterprise customers, and has high product complementarity and business synergy with Gaoling Information in communication and network security and other businesses. Gaoling Information will resume trading from the market open on December 18, 2024.

Asset Injection! The main business of Tianjin Investment Urban Development is planned to be changed

According to the announcement of Tianjin Investment Urban Development, Tianjin State-owned Capital Investment and Operation Co., Ltd. (hereinafter referred to as "Tianjin Investment Capital"), the controlling shareholder of the company, decided that the company intends to purchase the controlling stakes of Tianjin Jinneng Co., Ltd., Tianjin Heating Co., Ltd., Tianjin Gangyi Heating Co., Ltd., Tianjin Jinneng Wind Power Co., Ltd. and Tianjin Energy Group New Energy Co., Ltd. held by Tianjin Energy Investment Group Co., Ltd. and its subsidiaries through asset replacement, issuance of shares and cash payment. and raise matching funds (the "Transaction").

The transaction is still in the planning stage, and it is preliminarily determined that the assets involved are all the assets and liabilities of the company except for the 46.33% equity of Huafugong Company to be sold.

After the completion of this transaction, the company's main business will be changed from real estate development and operation to heating, integrated energy services and new energy power generation business. This transaction is expected to constitute a major asset restructuring and related party transaction, and does not constitute a change of actual controller.

According to public information, Tianjin Investment Urban Development has been under great operating pressure in recent years. Since 2020, the company has lost non-net profit for four consecutive years. From January to September this year, the company achieved revenue of 1.022 billion yuan, a year-on-year decrease of 72.55%, and a net profit loss of 215 million yuan. After this major asset restructuring, the company is expected to be "reborn".

The layout of molybdenum concentrate Guocheng Mining plans to hold Guocheng Industrial

According to the restructuring plan disclosed by Guocheng Mining on the evening of December 17, the company intends to purchase no less than 60% of the equity of Guocheng Industrial held by the controlling shareholder Guocheng Holding Group by paying cash and assuming debts.

According to preliminary estimates, the estimated value of 100% equity of Guocheng Industrial in this transaction is about 5.5 billion yuan, and the estimated value of 60% equity is 3.3 billion yuan. The listed company said that the listed company intends to pay the transaction price through its own funds, debt assumption or bank merger and acquisition loans.

According to the announcement, the target company is mainly engaged in non-ferrous metal mining and dressing business, and the revenue and profit of the target company mainly come from the production and sales of molybdenum concentrate.

According to financial data, as of September 30, 2024, Guocheng Industrial has total assets of 2.73 billion yuan and owners' equity of 2.11 billion yuan. In the first three quarters of this year, the operating income was 1.539 billion yuan and the net profit was 704 million yuan.

Guocheng Mining said that through this transaction, the listed company will realize the holding of Guocheng Industrial, and increase the mining and dressing business of molybdenum concentrate on the basis of the existing non-ferrous metal layout with zinc concentrate, lead concentrate, silver concentrate and copper concentrate as the main products, and the company's product structure will be further enriched.

Three-minute announcements a day are light

Guocheng Mining: It is planned to purchase no less than 60% of the equity of Guocheng Industrial to increase the molybdenum concentrate mining and dressing business; Changan Automobile: plans to increase its capital by 4.551 billion yuan to its joint venture AVATR Technology, Xiangshan Co., Ltd.: Shareholder Joyson Electronics plans to increase its shareholding in the company by 150 million to 250 million yuan, PowerChina Corporation: signed a contract for the Belgrade Metro Project of about 5.488 billion yuan, Telink Micro: released TLEdgeAI-DK, a machine learning and artificial intelligence development platform, and Sichuan Investment Energy: plans to terminate the listing ...... of the spin-off subsidiary Jiaoda Guangguang

Today's highlights

Focus 1: Changan Automobile: It plans to increase its capital by 4.551 billion yuan to the joint venture AVATR Technology

Changan Automobile announced that AVATR Technology, an associate of the company, has been introduced to investors by increasing its capital and shares through public listing on the Shanghai United Equity Exchange, and the investor has been basically determined. The company, Southern Assets and other parties to the transaction plan to sign a capital increase agreement with AVATR Technology. AVATR Technology plans to increase the registered capital by 1070.1818 million yuan, from 1994.9649 million yuan to 3065.1467 million yuan. The company plans to increase its capital by 4550.5824 million yuan, of which 438.7113 million yuan is included in the registered capital; Southern Assets plans to increase its capital by 40,000.00 yuan, of which 38,563,100 yuan will be included in the registered capital; Anyu Fund plans to increase its capital by 280,000.00 yuan, of which 269,941,600 yuan will be included in the registered capital; BOCOM Investment plans to increase its capital by 70,000,000 yuan, of which 67,485,400 yuan will be included in the registered capital; Other new shareholders plan to increase their capital by a total of 265,000.00 yuan, of which 255,480,400 yuan will be included in the registered capital. After the completion of the capital increase, the company's shareholding ratio remained unchanged at 40.99%, the shareholding ratio of Southern Assets was diluted from 7.81% to 6.34%, the shareholding ratio of Anyu Fund was 8.81%, and the shareholding ratio of Bank of Communications Investment increased from 1.76% to 3.34%. In addition to the above, other existing shareholders of AVATR Technology plan not to participate in this capital increase.

At the same time, the company announced that Chang'an Kaicheng, a holding subsidiary of the company, introduced investors by increasing its capital and shares in the form of public listing on the Chongqing Industrial Exchange, with an increase of no more than 2.5 billion yuan. Among them, the company intends to increase the capital by cash and intangible assets of no more than 500 million yuan, giving up the right to increase capital in the same proportion, China Chang'an, Southern Assets intends to participate in the capital increase, and other capital increase parties are still uncertain, and the final transaction results will be determined according to the actual situation of the public solicitation of investors on the Chongqing Stock Exchange.

In addition, the People's Government of Yubei District, Chongqing Municipality intends to expropriate the company's land, above-ground houses and related ancillary assets located at No. 579 Konggang Avenue, Yubei District, Chongqing, and the expropriation department is the Yubei District Housing and Urban-Rural Development Commission. The Company intends to sign the Agreement on the Expropriation of Houses on State-owned Land in Yubei District, Chongqing with the Yubei District Housing and Urban-Rural Development Commission, and the total compensation for this expropriation is expected to be RMB 2,558,180,000, and the final compensation amount is subject to the expropriation agreement formally signed by both parties.

Focus 2: Telink: Released TLEdgeAI-DK, a machine learning and artificial intelligence development platform

Telink Micro announced that recently, the company released TLEdgeAI-DK, a machine learning and artificial intelligence development platform based on TL721x and TL751x chips. The company said that the company has successfully used the TLEdgeAI-DK platform to integrate the machine learning model of edge AI into smart home and smart audio products, realizing the close integration with practical applications, and is also working with more users and strategic partners to develop a variety of innovative products with edge AI functions suitable for different application fields. The release of the TLEdgeAI-DK platform will enhance the competitiveness of the company's products in related fields, further open up the huge and fast-growing market that requires both wireless connectivity and edge AI computing capabilities, and is expected to have a positive impact on the company's future market expansion and performance growth.

Significant Events

C&D Co., Ltd.: The company intends to acquire 10% of the equity of C&D Real Estate Group Co., Ltd., a holding subsidiary of Xiamen C&D Group Co., Ltd., the controlling shareholder, and the purchase price is 3.066 billion yuan corresponding to the 10% equity of C&D Real Estate. After the completion of this transaction, the company will hold 64.654% of the equity of C&D Real Estate. In addition, the board of directors of the company intends to formulate a profit distribution plan for 2024 and 2025 that meets the following requirements: the profit distributed in cash each year shall not be less than 30% of the distributable profit attributable to shareholders of the listed company in the consolidated statement realized in the current year, and the annual dividend per share shall not be less than 0.7 yuan.

SHEMAR shares: The company intends to acquire 44.55% of the equity of Henan Shenma Catalytic Technology Co., Ltd. (hereinafter referred to as "Catalytic Technology") held by the controlling shareholder China Pingmei Shenma Group and 8.18% of the equity of Catalytic Technology held by 24 natural persons (all of whom are employees of Catalytic Technology), with a total purchase price of 388.4493 million yuan. After the completion of the equity transaction, the company holds 52.73% of the equity of Catalytic Technology, which has become a holding subsidiary of the company, and Catalytic Technology will be included in the company's consolidated financial statements. Catalysis Technology is mainly engaged in the research and development, production and sales of precious metal catalysts and special molecular sieve catalysts. The catalyst produced by Catalytic Technology is an indispensable production aid material in the production process of the company's main products, nylon 6 and nylon 66.

Mousse shares: The company intends to acquire Mattress International Pte. through its wholly-owned subsidiaries Mousse International Holdings and Hong Kong Mousse for S$46 million in cash. Ltd. (hereinafter referred to as "MIPL Company", a Singapore company) and certain assets of PT. Tai Cheng Development (hereinafter referred to as "PTTC Company"), an Indonesian company. MIPL is a well-known local bedding, sofa and other household products sales company in Singapore, with its own brand products such as Maxcoil, Viro and MooZzz. PTTC has a production base in Batam, Indonesia, which mainly produces bedding, sofas and other household products for MIPL companies. The company said that this acquisition is conducive to improving the layout of the company's overseas production bases, broadening the company's overseas sales channels, and accelerating the company's internationalization process.

PowerChina: Recently, the company signed a contract with Belgrade Metro Company for Section 2 of the first phase of the main line project of Belgrade Metro Line 1 in Serbia, with a contract amount of about 5.488 billion yuan. The main scope of the project includes the geological survey, construction drawing design and main structure construction of part of the vertical shaft, shield section, above-ground section and open-cut section of Belgrade Metro Line 1, relocation and reconstruction of public facilities, on-site temporary construction, camp construction, shield machine procurement and segment plant construction. The contract duration is approximately 45 months.

Sichuan Investment Energy: The meeting of the board of directors and the board of supervisors of the company deliberated and approved the "Proposal Report on the Termination of the Listing of Chengdu Jiaotong University Guangguang Technology Co., Ltd., a spin-off subsidiary". The board of directors and the board of supervisors of the company agreed to terminate the listing of Chengdu Jiaotong University Guangguang Technology Co., Ltd., a spin-off subsidiary, and withdraw the relevant listing guidance documents. The matter still needs to be submitted to the general meeting of shareholders for deliberation.

Mengtai High-tech: On December 17, 2024, Guo Hongjiang, one of the controlling shareholders and actual controllers of the company, signed share transfer agreements with Zhejiang Huiwei Private Equity Fund Management Co., Ltd. (on behalf of Huiwei Xinxiang No. 1 Private Securities Investment Fund) and Shenzhen Qianhai Rongqi Fund Management Co., Ltd. (on behalf of Rongqi Langya Ge No. 3 Private Securities Investment Fund). Guo Hongjiang intends to transfer a total of 9,600,400 shares of the company's unrestricted tradable shares (as of the announcement date, accounting for 10.07% of the total share capital after excluding the number of shares in the company's repurchase special securities account) to Zhejiang Huiwei and Qianhai Rongqi respectively by way of agreement transfer, with a share transfer price of 20.09 yuan per share (80.07% of the closing price of the trading day before the date of signing the agreement), with a total transfer price of 192,872,036.00 yuan. This change in equity has not led to a change in the controlling shareholder and actual controller of the company.

Shanghai Construction Engineering: Shanghai Minhang District Jiangchuan Road Sub-district Office organized the relocation compensation for two non-residential houses opposite No. 40 Huayin Road and No. 40 Huaning Road, a wholly-owned subsidiary of the company, Shanghai Installation Engineering Group Co., Ltd., and recently signed the "Non-residential Housing Relocation Compensation Agreement", with a total compensation amount of 428 million yuan. In accordance with the "Accounting Standards for Business Enterprises" and other relevant regulations, the impact of the company's asset disposal gains recognized due to the relocation compensation on the current profit and loss is expected to reach 10% of the latest audited net profit.

Qiaqia Food: Disclose the profit distribution plan for the first three quarters of 2024, based on the company's total share capital of 507,002,453 shares on December 16, 2024 and 498,035,984 shares after deducting 8,966,469 shares that have been repurchased on the special repurchase account as of the announcement date, and distribute cash of 3 yuan (tax included) to all shareholders for every 10 shares, with a total cash dividend of 149,410,795.2 yuan.

Heyuan Gas: Disclosed the 2024 interim profit distribution plan, based on the total share capital of 208,000,000 shares, and distributed cash of 1.00 yuan (tax included) to all shareholders for every 10 shares, with a total cash dividend of 20.80 million yuan (tax included).

Anfu Technology: Recently, the company's board of directors received a written resignation report submitted by Xia Zhubing, chairman of the company. Xia Zhubing resigned as a director, chairman of the board of directors and chairman of the strategy committee of the company and related subsidiaries due to work reasons, and no longer held any positions in the company and subsidiaries after his resignation. According to the relevant regulations, Xia Zhubing's resignation will not cause the number of members of the company's board of directors to fall below the legal minimum, and will not affect the normal operation of the board of directors, and his resignation report will take effect from the date of delivery to the board of directors.

Jiuzhou Group: On December 17, 2024, the Daqing wind power project in which the company holds 100% equity entered the subsidy catalog. Among them, the grid-connected scale of Daqing Dagang Wind Power Project is 48MW, and all units were connected to the grid on December 26, 2020, and the feed-in tariff (including tax) is 0.61 yuan/kWh; The grid-connected scale of Daqing Pingqiao Wind Power Project is 48MW, and all units were connected to the grid on November 9, 2020, with a feed-in tariff (including tax) of 0.61 yuan/kWh. As of November 30, 2024, the balance of renewable energy subsidies for the Daqing wind power project was about 310 million yuan.

Tongda Co., Ltd.: The company has become the winning candidate recommended by the 88th batch of procurement of State Grid Corporation of China in 2024 (the sixth bidding and procurement of line installation materials for power transmission and transformation projects) package 6, package 7, package 52 and package 68, and the winning materials are all ground wires; The company became the winning candidate recommended by the State Grid Corporation of China in 2024 for the 89th batch of procurement (the second 35-330 kV material agreement inventory bidding and procurement for power transmission and transformation projects) package 3, and the winning material is the ground wire. According to the company's estimates, the total value of the above-mentioned bid-winning materials totaled 174,337,138,290 yuan, accounting for about 3.13% of the company's total operating income in 2023.

Dalian Electric Porcelain: On December 16, 2024, the State Grid Corporation of China released the "Announcement of the Winning Candidates Recommended by the State Grid Corporation of China in the 88th Batch of Procurement in 2024 (the Sixth Bidding and Procurement of Line Installation Materials for Power Transmission and Transformation Projects)" and "The Announcement of the Winning Candidates Recommended by the State Grid Corporation of China in the 89th Batch of Procurement in 2024 (the Second 35-330 kV Material Agreement Inventory Bidding and Procurement of Power Transmission and Transformation Projects)" and " State Grid Corporation of China 2024 85th batch of procurement (the sixth substation equipment (including cable) bidding and procurement of power transmission and transformation projects) recommended by the winning candidates publicity". Dalian Electric Porcelain Group Power Transmission and Transformation Materials Co., Ltd., a wholly-owned subsidiary of the Company, was the recommended winning candidate, with a total pre-winning bid amount of approximately RMB55.7 million, accounting for 6.63% of the Company's total audited operating revenue in 2023.

Zhongke Cloud Network: Recently, Inspur Group Co., Ltd. released the announcement of winning the bid for the third phase of the silicon solar cell procurement project, and the company became the first candidate for the transaction and entered the publicity period. The amount involved in this publicity project is about 70.11 million yuan, accounting for 36.79% of the company's total audited operating income in 2023.

CNEC: Disclosure of business briefing. As of November 2024, the company has signed a total of 142.451 billion yuan of new contracts and achieved a cumulative operating income of 99.854 billion yuan.

China Coal Energy: The company's commercial coal sales volume in November 2024 was 25.8 million mt, a year-on-year increase of 11.4%; The cumulative sales volume of commercial coal this year was 256.41 million tons, down 1.9% year-on-year.

Sincerity Pharmaceutical: Recently, the company received the "Notice of Approval of Drug Supplementary Application" approved and issued by the State Drug Administration, and the amikacin sulfate injection produced by the company [specification: 2ml: 0.2g (200,000 units)] has passed the consistency evaluation of generic drug quality and efficacy. Amikacin sulfate is an aminoglycoside antibiotic, which is clinically suitable for serious infections caused by sensitive gram-negative bacilli such as Pseudomonas aeruginosa and other Pseudomonas, Escherichia coli and Staphylococcus (methicillin-sensitive strains), such as bacteremia or sepsis, bacterial endocarditis, etc.

Biological shares: After the review of the Ministry of Agriculture and Rural Affairs, the company's wholly-owned subsidiary, Jinyu Baoling Biological Pharmaceutical Co., Ltd., was approved to produce live brucellosis vaccine (S19 strain), and the approval number of veterinary drug products was issued.

Increase or decrease in holdings

Xiangshan shares: The company's shareholder Joyson Electronics plans to increase its holdings of the company's shares through the methods permitted by the Shenzhen Stock Exchange system (including but not limited to centralized bidding, block trading, etc.) within 6 months from December 16, 2024, and the amount of the proposed increase in shares is not less than 150 million yuan and not more than 250 million yuan. Joyson Electronics has recently obtained the "Agricultural Bank of China Loan Commitment Letter" issued by the Agricultural Bank of China Ningbo Yinzhou Branch. Agricultural Bank of China Ningbo Yinzhou Branch agreed to provide a special loan line of RMB 200 million for Joyson Electronics, with a loan term of 1 year. The purpose of the loan is limited to the increase in the company's shares, and the specific rights and obligations are stipulated in the loan contract signed by the Agricultural Bank of China Ningbo Yinzhou Branch and Joyson Electronics.

HBIS Resources: HBIS Group, the controlling shareholder of the company, plans to increase its holdings of the company's shares through centralized bidding through the Shenzhen Stock Exchange trading system within 6 months from the date of the announcement, with a total amount of not less than 100 million yuan, no more than 200 million yuan, and no more than 2% of the company's total share capital. The source of funds for this shareholding increase plan is HBIS Group's own funds and special loan funds, of which special loan funds account for no more than 90%. On December 10, Bank of China Co., Ltd. Hebei Branch issued a Letter of Commitment to HBIS Group, agreeing to provide a stock increase loan for HBIS Group to increase its holdings of the company's A shares. The letter of commitment is valid for 1 year from the date of issuance.

Chongqing Department Store: The company recently received a notice from Tianjin Binhai New Area Wumei Jinrong Trading Co., Ltd. (hereinafter referred to as "Wumei Jinrong"), a shareholder holding more than 5% of the shares, that Wumei Jinrong has recently obtained the "Loan Commitment Letter" issued by Shanghai Pudong Development Bank Co., Ltd. Beijing Branch (hereinafter referred to as "Shanghai Pudong Development Beijing Branch"). SPD Beijing Branch intends to provide a special loan for Wumei Jinrong to increase its shareholding in the company, with a loan amount of no more than 100 million yuan and a loan term of no more than 1 year.

Suspension and resumption of trading

Resumption company: Gaoling Information (688175).

Suspended company: Jintou Chengkai (600322).

(Note: Data as of 21:00 on December 17).