[Inventory of important news].

Big news about chips! Ministry of Commerce: An investigation will be initiated

The spokesperson of the Ministry of Commerce answered reporters' questions on the domestic chip industry's reflection that the low price of mature process chips imported from the United States has impacted the domestic market

A reporter asked: There is news in the industry that China's domestic mature process chip industry is suffering from unfair competition from imported products from the United States, and there is a demand to apply for anti-dumping and countervailing investigations, has the Ministry of Commerce received the relevant application? Can you tell us more about that?

A: According to the domestic chip industry, the Biden administration has given a large number of subsidies to the chip industry for a period of time, so that US companies have gained an unfair competitive advantage and exported relevant mature process chip products to China at low prices, harming the legitimate rights and interests of China's domestic industry. It is normal for China's domestic industry to be concerned and has the right to file an application for a trade remedy investigation.

Comments: For the applications and appeals of the domestic industry, the investigation authorities will review them in accordance with China's relevant laws and regulations and WTO rules, and will initiate an investigation in accordance with the law.

The latest standards are announced! If the monthly salary is less than this amount, it is illegal

According to the data, there are currently 19 provinces in the country with a monthly minimum wage of 2,100 yuan or more.

Since 2024, Jiangsu, Zhejiang, Henan, Liaoning, Jilin, Heilongjiang, Jiangxi, Hubei, Hunan, Inner Mongolia, Sichuan, Chongqing, Shanxi, Xinjiang and other provinces have successively raised their minimum wage standards.

From January 1, 2025, Sichuan will adjust the province's current monthly minimum wage standard and hourly minimum wage standard for part-time employees. This month's minimum wage adjustment has been adjusted from the original three grades to two grades. Among them, the first level of the monthly minimum wage standard is 2,330 yuan, and the second level is 2,200 yuan. The hourly minimum wage standard for part-time employment is 23 yuan for the first level and 22 yuan for the second level.

Comments: At present, among the 31 provinces, 19 provinces have reached or exceeded the monthly minimum wage standard of the first tranche of 2,100 yuan; The monthly minimum wage standard of the first tranche in 8 provinces has reached or exceeded 2,300 yuan.

In response to the vicious case of online gambling and wire fraud on the Thai-Myanmar border, Wang Yi expressed his position

On January 16, 2025, Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, said in a meeting with the envoys of 10 ASEAN countries in Beijing that the recent vicious cases of online gambling and wire fraud have occurred in the Thai-Myanmar border area, threatening and harming the vital interests of citizens of China and other countries, and need to be paid close attention. It is hoped that relevant countries will shoulder their responsibilities and take strong measures to resolutely crack down on online gambling and wire fraud, safeguard the safety of people's lives and property, and never allow criminals to go unpunished.

Comments: China is ready to strengthen bilateral and multilateral law enforcement and security cooperation with ASEAN countries, provide a safe environment for people to travel with peace of mind, and maintain the good order of exchanges and cooperation among neighboring countries.

Many banks have lowered the "threshold" for credit card repayment, and the minimum repayment ratio has reached 2%.

The minimum repayment ratio of bank credit cards has reached a new low.

Recently, Bank of Communications has adjusted the minimum repayment ratio for some credit card customers in stages, and the minimum repayment ratio has been reduced from 5% to 2% during the preferential period. In addition to Bank of Communications, some banks have successively lowered the "threshold" for credit card repayment, and most banks have lowered the minimum repayment ratio from the original 10% to 5%.

Yang Haiping, a researcher at the Shanghai Academy of Finance and Law, told the Securities Daily that in the context of fierce competition in the credit card market, reducing the minimum repayment ratio can increase the attractiveness of bank credit cards, better serve customers, maintain existing customers, and attract incremental customers.

Comments: The so-called credit card minimum repayment amount refers to the minimum amount to be repaid before the credit card repayment date, and the repayment according to this amount will not incur a late fee, but the outstanding part of the repayment amount will incur overdraft interest. If the repayment amount is less than the minimum repayment amount, the cardholder will generally have to pay a certain percentage of the liquidated damages to the bank.

China and the Philippines agreed to properly handle maritime conflicts and differences

On January 16, 2025, Vice Foreign Minister Chen Xiaodong and Philippine Deputy Foreign Secretary Lazaro co-chaired the 10th meeting of the China-Philippines Bilateral Consultation Mechanism (BCM) on the South China Sea issue in Xiamen, Fujian Province.

The two sides had a frank and constructive exchange of views on the situation in the South China Sea. The Chinese side lodged solemn representations on the recent maritime infringement and provocation activities of the Philippine side and the hype up of China-Philippines maritime disputes, and demanded that the Philippine side strictly abide by the provisions of the Declaration on the Conduct of Parties in the South China Sea, adhere to the proper handling of differences with China through dialogue and consultation, jointly manage the maritime situation, and bring bilateral relations back on the right track at an early date.

Comments: The two sides reaffirmed the importance of maintaining peace and stability in the South China Sea, believing that this is in the common interests of countries in the region, including China and the Philippines, and agreed to strengthen dialogue, communication and ties on maritime issues, properly handle maritime contradictions and differences, and continue to advance practical maritime cooperation in various fields such as coast guard, marine science and technology, and environmental protection.

The countdown to "ban if you don't sell", TikTok received two big news!

CCTV News, local time on January 15, learned that three people familiar with the matter revealed that the Biden administration is considering how to keep TikTok operating in the United States.

A government official revealed that officials are "exploring various options" so that TikTok will not be banned this Sunday, January 19.

Previously, it was reported that Trump was considering issuing an executive order after taking office to suspend the TikTok ban for 60 to 90 days. Trump has more than 14 million followers on the TikTok platform, and Trump has repeatedly voiced his affection for TikTok.

Comments: TikTok has 170 million users in the United States. In the face of the unreasonable bill of the United States, ByteDance has made it clear many times that it will not sell its TikTok business.

Hundreds of thousands of them were used, all of which were non-compliant products! The regulatory storm of medical cosmetology is coming

Recently, some medical cosmetology industry insiders told the 21st Century Business Herald reporter that around January 14, medical cosmetology institutions have received notices from relevant regulatory departments, requiring medical cosmetology institutions to self-check whether they use hydroxyapatite products, and whether the products used are legal.

In addition, according to the information circulating in the industry, a certain area in Hubei Province issued an internal notice, requiring all medical institutions to carefully read and study relevant information, count whether to use hydroxyapatite products, and report the statistical table before the second day of the notice.

Comments: Hydroxyapatite is gradually becoming popular in the field of medical aesthetics, and hundreds of thousands of them may have been used up in a year, but there are no fully compliant products approved for marketing at present.

The Fed's pause in interest rate cuts in January is almost a foregone conclusion, and the strong dollar pattern may continue

Recently, global financial markets are closely watching the direction of the Federal Reserve's monetary policy. Last week's strong "non-farm" payrolls data pointed to the Fed slowing down the pace of interest rate cuts, and the latest US CPI data released on the evening of January 15, Beijing time, raised Fed interest rate cut expectations. Fed officials reiterated that the future direction of monetary policy depends on the performance of economic data.

In the view of institutions, the Federal Reserve will most likely stand still at the January interest rate meeting, and the pace of subsequent interest rate cuts is still unclear, and it will adopt more of a walk-and-see mode. Under current expectations, it is difficult to tell whether the top of the dollar index and US Treasury yields has arrived. The strong dollar pattern may persist in the short term, and the current high US Treasury yields may weigh on the performance of equity assets.

Comments: Although the latest data shows a marginal cooling of core inflation in the United States, institutional sources believe that inflation in the United States is still relatively stubborn, and there are still concerns about a rebound.

[Industry hot spots].

The construction of power grids has increased, the demand in many fields has surged, and the power equipment industry may enter a super cycle

The

scope of new purchase subsidies has been expanded, and the consumer electronics industry chain has ushered in new opportunities

The prices of polysilicon and wafers have stabilized, and the upstream of the photovoltaic industry chain is showing signs of recovery

[Market dynamics].

A-shares: On the 16th, the two markets continued to strengthen in the afternoon. At the close, the Shanghai Composite Index was at 3,236.03 points, up 0.28 percent, with a turnover of 499.055 billion yuan, the Shenzhen Component Index was at 10,101.09 points, up 0.41 percent, with a turnover of 774.747 billion yuan, and the ChiNext Index was at 2,051.35 points, up 0.66 percent, with a turnover of 354.790 billion yuan. In terms of industry sectors, kitchen and bathroom appliances, industrial metals, trade and other sectors were among the top gainers, while semiconductors, military equipment, liquor and other sectors were among the top decliners.

Hong Kong stocks: On the 16th, the three major indexes of Hong Kong stocks all rose by more than 1.2%, and recorded three consecutive gains, and the market sentiment was generally stable and improving. As of the close, the Hang Seng Index and the Hang Seng Technology Index both rose 1.23%, and the State-owned Enterprises Index rose 1.24%. On the disk, large technology stocks rose collectively, Xiaomi, JD.com, Meituan rose more than 2%, Kuaishou, NetEase rose 1.4%, Baidu, Tencent, Alibaba was red.

U.S. stocks: In the early morning of the 17th Beijing time, U.S. stocks closed down on Thursday, led by technology stocks. Apple and Tesla dragged the Nasdaq down 170 points. The Dow fell 68.42 points, or 0.16 percent, to 43,153.13, the Nasdaq lost 172.94 points, or 0.89 percent, to 19,338.29 and the S&P 500 lost 12.57 points, or 0.21 percent, to 5,937.34.

European stocks: Germany's DAX 30 index closed up 0.39% at 20,655.39 points, continuing to close at a record high. France's CAC 40 index closed up 2.14% at 7,634.74 points. The Dutch AEX closed up 1.53%, while the Danish OMX Copenhagen 20 closed down 0.53%. Italy's FTSE MIB index closed up 0.48% at 35,819.79 points, continuing to hit a new closing high since 2008, while the FTSE Italian Composite Banking Index closed up 0.33%. Britain's FTSE 100 index closed up 1.09% at 8391.90 points, the FTSE 250 index closed up 0.95%, and the FTSE 350 index closed up 1.08%.

Institutional Strategy

Huaan Securities said that there is an expectation that the banking sector will replenish capital and policy to protect the net interest margin, and the performance certainty and stability of bank stocks are relatively high. At the same time, before the Spring Festival is the traditional "good start" of banking business, due to the reduction of fund rates and insurance product fees, the "good start" of banks in 2025 has shown signs of rushing, and many banks have launched the "good start" preparations in December 2024 in advance. Subsequently, the internal screening ideas of the banking sector can continue to be considered from the perspectives of performance and dividend yield.

Huaan Securities believes that high-dividend assets still have good allocation opportunities and cost performance before the Spring Festival, mainly including banks, insurance sectors, as well as coal, petroleum and petrochemical stocks. Considering that absolute return funds such as insurance funds have allocation requirements in the new round of assessment cycle, on the whole, high dividends have good allocation opportunities.

[Topic Company].

Alipay responds to the payment discount bug late at night: admits the mistake and will not collect money from the user

According to previous reports, during the period of 14:40-14:45 pm on January 16, Alipay had a serious bug, and all orders were reduced by 20% by "government subsidies", which caused heated discussions.

According to the screenshots posted by netizens at the time, scenes including game recharge and transfer all show government subsidies when paying.

It is worth noting that some criminals keenly smelled the "business opportunity" and immediately packaged the phishing SMS as Alipay to collect money, and many people received similar messages.

Alipay responded to this late at night, saying that Alipay officials did not send any money recovery SMS, and if you receive a similar message, don't click on it, so as not to be deceived.

A-shares reappear in the sky-high divorce case, and the breakup fee exceeds 400 million yuan!

On January 16, Zongheng Co., Ltd. issued an announcement that Ren Bin, the controlling shareholder and actual controller, was sentenced to divide the company's shares due to a personal divorce dispute. According to the first-instance judgment of the Sichuan Tianfu New District People's Court, 12.3 million of the 20.5 million shares held by Ren Bin belonged to Kuang Mingfang. Ren Bin is required to assist in the transfer of ownership within 10 days after the judgment takes effect.

Based on the closing price of 35.20 yuan per share on January 16, the value of the shares that Ren Bin is about to transfer is about 433 million yuan.

Tencent punches hard against corruption! More than 100 people were dismissed, and more than 20 people were transferred to the public security organs for handling

Tencent strikes hard at corruption.

On January 16, Tencent handed over its anti-corruption "report card", and throughout 2024, Tencent's Anti-Fraud Investigation Department has found and investigated more than 100 cases of violating the "Tencent High Voltage Line", more than 100 people have been dismissed for violating the "Tencent High Voltage Line", and more than 20 of them have been transferred to the public security organs for handling on suspicion of crimes.

Internally, the 21 cases disclosed by Tencent mainly involved multiple business groups such as IEG (Interactive Entertainment Business Group), CSIG (Cloud and Smart Industry Business Group) and PCG (Platform and Product Business Group). Among them, the IEG business group and the CSIG business group are areas with a high incidence of internal corruption, with 9 and 6 cases respectively. In addition, PCG has 3 cases.

Vanke President Zhu Jiusheng updated the circle of friends, and the reporter successfully dialed his phone

Zhu Jiusheng, executive director, president and CEO of Vanke Co., Ltd., updated his WeChat circle of friends in the early morning of January 17, forwarded a link, and added the postscript to the link "business trip before the holiday, return to work after the Spring Festival reunion, and short-term business travel and short-term rental, and it is more affordable to live in a row". After Zhu Jiusheng updated the circle of friends, the reporter successfully dialed Zhu Jiusheng's phone and had a brief exchange with him.

[IPO dynamics].

Today's 1 new stock subscription: Beijing Stock Exchange Honghai Technology

On January 17, a total of 1 new shares were subscribed, which was Honghai Technology of the Beijing Stock Exchange.

Honghai Technology issued a total of 20 million shares, 16 million shares online, IPO issue price of 5.57 yuan / share, issue price-earnings ratio of 14.99 times, the company's main business is air conditioning structural parts, heat exchangers, display structural parts and other household appliances accessories products research and development, design, manufacturing and sales.

Announcement Reminder

[Business data].

China Duty Free Performance Express: Net profit in 2024 will decrease by 36.5% year-on-year

China Duty Free (601888) released a performance report on the evening of January 16, and the company will achieve operating income of 56.492 billion yuan in 2024, a year-on-year decrease of 16.36%; net profit attributable to shareholders of listed companies was 4.263 billion yuan, down 36.50% year-on-year; Basic earnings per share: 2.06 yuan. During the reporting period, the company continued to cultivate the Hainan market, launched a new "duty-free +" shopping experience, and created a new pattern of in-depth integration and development of "culture, commerce, sports and tourism", and the duty-free market share of Hainan Islands increased by nearly 2 percentage points year-on-year. The revenue of duty-free stores at Beijing Airport (including Capital International Airport and Daxing International Airport) increased by more than 115% year-on-year, and the revenue from duty-free stores at Shanghai Airport (including Pudong International Airport and Hongqiao International Airport) increased by nearly 32% year-on-year. Optimize the business layout of stores in the city, actively expand the new city store projects, and has won the bid for four city duty-free shop projects in Shenzhen, Guangzhou, Xi'an and Fuzhou, and Dalian city duty-free shop has been newly opened. Promote overseas business layout, and realize the opening of boutiques at Singapore Changi Airport and Hong Kong International Airport, the opening of duty-free counters for jewelry brands in Ginza in Tokyo and duty-free shops in Sri Lanka. As of now, the number of CDF-free members has exceeded 38 million, and the repurchase rate of members has increased by 1 percentage point year-on-year.

LONGi Green Energy: It is expected to lose 8.2 billion yuan to 8.8 billion yuan in 2024

LONGi Green Energy (601012) announced on the evening of January 16 that it expects to achieve a net loss attributable to shareholders of listed companies of 8.2 billion yuan to 8.8 billion yuan in 2024, a loss compared with the same period last year, and a profit of 10.751 billion yuan in the same period last year. In 2024, the global new installed capacity of photovoltaic will continue to grow, but the imbalance between supply and demand in the industry is prominent, the company adheres to steady operation, BC second-generation technology and forward-looking research and development continue to make breakthroughs, BC technology large-scale development conditions are mature, the United States local superior production capacity is successfully put into operation and achieve profitability, the advanced manufacturing model of lighthouse factories is rapidly promoted, and the customer-centric organizational reform has achieved remarkable results. During the reporting period, due to the intensification of competition in the industry, the company's second-generation BC product production accounted for a very low proportion, the price and gross profit margin of PERC and TOPCon products continued to decline, the operating capacity utilization rate was limited, the provision for asset impairment increased due to technology iteration, and the investment income of the polysilicon company in which it participated in the company incurred losses, resulting in a phased loss in operating performance.

Shanghai Pudong Development Bank's performance report: net profit in 2024 will be 45.257 billion yuan, a year-on-year increase of 23.31

Shanghai Pudong Development Bank (600000) released a performance report on the evening of January 16, achieving operating income of 170.748 billion yuan in 2024, a year-on-year decrease of 1.55%; net profit was 45.257 billion yuan, a year-on-year increase of 23.31%; Basic earnings per share was 1.36 yuan. At the end of the Reporting Period, the Group's non-performing loan balance and non-performing loan ratio achieved a "double decrease", of which the non-performing loan ratio was 1.36%, a decrease of 0.12 percentage points from the end of the previous year, and the forward-looking indicators of asset quality performed well, with the deviation of 90 days and 60 days remaining within 100%. The ability to offset risks continued to improve, and the provision coverage ratio was 186.96%, an increase of 13.45 percentage points from the end of the previous year.

Huayuan Holdings: Net profit in 2024 is expected to increase by 730.26%-848.87% year-on-year

Huayuan Holdings (002787) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 70 million yuan to 80 million yuan in 2024, a year-on-year increase of 730.26%-848.87%. In the same period last year, the company's net profit attributable to shareholders of listed companies was small, mainly due to the provision for goodwill impairment.

Sunshine Guojian: Net profit in 2024 is expected to increase by 137.73% to 162% year-on-year

Sunshine Guojian (688336) released a performance forecast on the evening of January 16, and it is expected to achieve a net profit attributable to the owners of the parent company of 700 million yuan to 772 million yuan in 2024, an increase of 137.73% to 162.00% year-on-year. During the reporting period, the revenue of the company's main products continued to achieve steady growth; At the same time, the company received a special dividend of US$62.4247 million (equivalent to about RMB 447 million) from Numab Therapeutics, AG, a shareholding company, which was included in the profit and loss of the current period, which had a positive impact on the company's operating performance in 2024.

Iceberg hot and cold: net profit in 2024 is expected to increase by 122.76%-143.01% year-on-year

Bingshan Cold & Hot (000530) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 110 million yuan to 120 million yuan in 2024, a year-on-year increase of 122.76%-143.01%. The company completed a major asset restructuring in November 2022, and the new subsidiaries brought more profit contributions during the reporting period; During the reporting period, the company completed the sale of the shares of Guotaijun Security Department, contributing about 51.38 million yuan to the company's net profit in 2024.

Bojun Technology: Net profit in 2024 is expected to increase by 90%-120% year-on-year

Bojun Technology (300926) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 586 million yuan to 679 million yuan in 2024, a year-on-year increase of 90%-120%. During the reporting period, the national passenger car market as a whole maintained a steady growth trend, the company seized market opportunities, efficiently allocated resources, vigorously expanded business, and achieved steady growth in operating income over the same period.

Shengde Xintai: Net profit in 2024 is expected to increase by 86.72%-95.01% year-on-year

Shengde Xintai (300881) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 225 million yuan to 235 million yuan in 2024, a year-on-year increase of 86.72%-95.01%. During the reporting period, the company's main business focused on the thermal power ultra-supercritical boiler manufacturing industry, benefiting from the surge in downstream orders, and the company's orders in hand increased accordingly during the same period. The output of stainless steel pipes increased by about 30.72% over the same period. The output of alloy steel pipes increased by 8.56% over the same period. The increase in the gross profit margin of the company's products drove the company's profit growth.

Haoli Technology: Net profit in 2024 is expected to increase by 81.95%-131.57% year-on-year

Haoli Technology (002729) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 33 million yuan to 42 million yuan in 2024, a year-on-year increase of 81.95%-131.57%. During the reporting period, the sales volume of the company's power fuse products and accessories used in photovoltaic, energy storage, wind power and other fields increased significantly. At the same time, the company continued to expand and optimize the product line, increase technical further education and iterative upgrading, fully expand sales channels, enhance the market competitiveness and market share of products, and promote performance growth.

Silver Jubilee Technology: Net profit in 2024 is expected to increase by 78%-96% year-on-year

Silver Jubilee Technology (300221) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 48 million yuan to 53 million yuan in 2024, a year-on-year increase of 78% to 96%. The amortization of equity incentive expenses in the reporting period was -11.93 million yuan, compared with 8.86 million yuan in the same period of last year, the equity incentive expenses in the reporting period decreased by 20.79 million yuan compared with the same period of last year, and the management expenses decreased more than that of the same period last year.

Xinpeng Micro: Net profit in 2024 is expected to increase by 68.13% to 101.76% year-on-year

E company news, Xinpeng Micro (688508) released a performance forecast on the evening of January 16, and it is expected that the net profit attributable to the owners of the parent company in 2024 will be 100 million yuan to 120 million yuan, a year-on-year increase of 68.13% to 101.76%. The main reason for the expected increase in performance: The company has always focused on the power semiconductor market, with the industry-leading high-voltage AC-DC as the entrance, and vigorously promoted the revenue of high/low voltage drive chips, digital power chips, intelligent power devices and modules in 2024 to increase by more than 60% year-on-year.

Ruo Yuchen: Net profit in 2024 is expected to increase by 65.77%-121.03% year-on-year

Ruoyuchen (003010) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 90 million yuan to 120 million yuan in 2024, a year-on-year increase of 65.77%-121.03%. During the reporting period, the revenue of its own brand business grew rapidly, and on the basis of maintaining the leading edge of a number of single products in the subdivided field, the sales of the strategic single product fragrance laundry detergent exploded after its launch.

Zhongpet shares: net profit in 2024 is expected to increase by 54.4%-71.55% year-on-year

Zhongpet Co., Ltd. (002891) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 360 million yuan to 400 million yuan in 2024, an increase of 54.4%-71.55% year-on-year. During the reporting period, the company adhered to the core of its own brand building, Wanpy Naughty ®, New Zealand ZEAL Zhenzhi ® and Toptrees led the continuous ® and steady development, the gross profit continued to increase, and the profitability level increased significantly, which promoted the company's overall profit to rise steadily, and the overseas business of its own brands maintained rapid development, accelerating the construction of brand globalization.

Guomai Technology: Net profit in 2024 is expected to increase by 53.17%-81.89% year-on-year

Guomai Technology (002093) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 160 million yuan to 190 million yuan in 2024, a year-on-year increase of 53.17%-81.89%. During the reporting period, the company's various businesses developed steadily, with annual revenue hitting a new high in the past six years and net profit hitting a record high.

Tengjing Technology: Net profit in 2024 is expected to increase by 51.24% to 80.05% year-on-year

Tengjing Technology (688195) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be 63 million yuan to 75 million yuan, an increase of 21.3441 million yuan to 33.3441 million yuan compared with the same period last year, a year-on-year increase of 51.24% to 80.05%. During the reporting period, the company focused on the main business of optics and optoelectronics, deeply cultivated precision optics and advanced optoelectronic technology innovation, and the overall operating income increased, the business structure and product structure were optimized, and the operating efficiency was improved, which had a positive impact on the performance. At the same time, the company's high-end optical module product business in emerging applications such as biomedical and semiconductor equipment has achieved significant growth.

Shunwei shares: net profit in 2024 is expected to increase by 50.51%-70.39% year-on-year

Shunwei Co., Ltd. (002676) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 53 million yuan to 60 million yuan in 2024, a year-on-year increase of 50.51%-70.39%. In 2024, benefiting from the increase in domestic demand and overseas export growth in the air-conditioning market, as well as the improvement of the company's product technology, quality and production efficiency, the company's sales revenue and profit of plastic air-conditioning blades increased year-on-year; At the same time, the company actively increased the development of new fields, new customers and new products, and the sales revenue and profit of engineering plastics and auto parts also increased year-on-year.

Hengmingda: Net profit in 2024 is expected to increase by 42.15%-77.69% year-on-year

Hengmingda (002947) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 400 million yuan to 500 million yuan in 2024, a year-on-year increase of 42.15%-77.69%. During the reporting period, the demand of the consumer electronics industry picked up, and the demand for computing power in the communication industry also increased significantly with the development of AI. The company seized the industry opportunities, and on the basis of consolidating its traditional business, it actively grasped the new opportunities for the iteration of new products and the enhancement of demand in consumer electronics, digital infrastructure and other industries under the empowerment of AI, and vigorously carried out new project business.

Northeast Securities Performance Express: Net profit of 903 million yuan in 2024 will increase by 35.07% year-on-year

Northeast Securities (000686) released its 2024 performance report on the evening of January 16, achieving operating income of 6.549 billion yuan in 2024, an increase of 1.14% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 903 million yuan, an increase of 35.07% over the same period of last year; The basic earnings per share was 0.3858 yuan, and the increase in the performance of the current period was mainly due to the year-on-year increase in the income of the company's investment and sales trading business, wealth management business and asset management business.

CTI performance express: net profit of 934 million yuan in 2024, a year-on-year increase of 2.64%.

CTI (300012) released its 2024 performance report on the evening of January 16, achieving a total operating income of 6.081 billion yuan in 2024, a year-on-year increase of 8.49%; net profit attributable to owners of the parent company was 934 million yuan, a year-on-year increase of 2.64%, and basic earnings per share were 0.5579 yuan. During the reporting period, while consolidating and deepening the existing business advantages, the company actively grasped market opportunities, focused on high-quality sustainable growth, tapped potential in an all-round way, improved quality and efficiency, and performed well in operating profit.

Sanyou Chemical: Net profit in 2024 is expected to decline by about 13% year-on-year

Sanyou Chemical (600409) announced on the evening of January 16 that according to the preliminary calculation of the financial department, the company expects to achieve a net profit attributable to the owners of the parent company of about 490 million yuan in 2024, a decrease of about 76 million yuan compared with 566 million yuan in the same period last year, a year-on-year decrease of about 13%. The main reason for the decrease in the performance of this period is that due to the continuous expansion of production capacity in the soda ash and organic silicon industries, as well as the severe and complex external situation such as high raw material prices and insufficient downstream demand, the company's leading products showed a weak adjustment market, among which the soda ash segment decreased significantly year-on-year, and although the chemical fiber sector, chlor-alkali sector and organic silicon sector improved year-on-year, the profitability was still insufficient, resulting in a year-on-year decline in net profit attributable to the owners of the parent company in the reporting period.

East Lake High-tech: Net profit in 2024 is expected to decrease by 44% to 54% year-on-year

Donghu High-tech (600133) released a performance forecast on the evening of January 16, and it is expected that the net profit attributable to shareholders of the parent company in 2024 will be 500 million yuan to 600 million yuan, a year-on-year decrease of 54% to 44%.

Weishi Electronics: Net profit in 2024 is expected to decrease by 47.46% to 55.93% year-on-year

Weishi Electronics (605218) announced on the evening of January 16 that according to the preliminary calculation of the financial department, the net profit attributable to shareholders of listed companies in 2024 is expected to be 52 million yuan to 62 million yuan, compared with 118 million yuan in the same period last year, it is expected to decrease by 56.0047 million yuan to 66.0047 million yuan, a year-on-year decrease of 47.46% to 55.93%. During the reporting period, the company continued to increase R&D investment and market development efforts, develop new customers and increase market share with more competitive prices and products, which put pressure on the company's profit margin while increasing its revenue scale. In addition, in the same period last year, due to the increase in the valuation of Anhui Dongchao Technology Co., Ltd., the company recognized the fair value change income on its investment, which correspondingly increased the profit level of the previous year.

Feike Electric: Net profit in 2024 is expected to decrease by about 54.45% year-on-year

Feike Electric (603868) released a performance forecast on the evening of January 16, and it is expected to achieve a net profit attributable to the owners of the parent company of 464 million yuan in 2024, a year-on-year decrease of about 54.45%. The main reasons for the decrease in performance: due to the dual impact of the company's market convergence and the change of the consumption environment due to the company's market convergence transition period of strategic adjustment of the dual-brand structure and the change of consumption environment, the company's operating situation was under great pressure during the reporting period; During the reporting period, the amount of government subsidies received by the Company decreased significantly compared with the previous year.

Ningshui Group: Net profit in 2024 is expected to decrease by 58.86% to 64.96% year-on-year

Ningshui Group (603700) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be 46 million yuan to 54 million yuan, a decrease of 77.2627 million yuan to 85.2627 million yuan compared with the same period last year, a year-on-year decrease of 58.86% to 64.96%. In 2024, affected by factors such as the downturn in real estate and the shortage of local financial funds, the growth of industry demand will slow down, and the pace of bidding in some regions will be delayed accordingly, which will restrict the expansion of the company's business to a certain extent, and the company's overall performance scale will decline to a certain extent. In addition, the price of key raw materials such as copper parts fluctuated significantly and hit new highs, directly compressing the company's profit margins.

Xinju Network: Net profit in 2024 is expected to decrease by 61.39% to 69.78% year-on-year

Xinju Network (605398) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, it is expected that the net profit attributable to shareholders of listed companies in 2024 will be 18 million yuan to 23 million yuan, a decrease of 36.563 million yuan to 41.563 million yuan compared with the same period last year, a year-on-year decrease of 61.39% to 69.78%. In 2024, with the structural transformation of the customer's business system served by the company, the foreign brands that originally dominated the market will gradually transition to Xinchuang products, and the sales revenue of the company's non-Xinchuang products will be affected.

Jianlong Hardware: Net profit in 2024 is expected to decrease by 62.96%-72.22% year-on-year

Jianlong Hardware (002791) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 90 million yuan to 120 million yuan in 2024, a year-on-year decrease of 62.96%-72.22%. In 2024, the construction industry is still in deep adjustment, the domestic construction accessories market demand will further decline, although the overseas market business has a certain growth, but the overall volume of overseas is still small, and the company's operating income in 2024 will decline by about 14%-15% year-on-year.

Harbin Air Conditioner: Net profit in 2024 is expected to decrease by 67.19% to 53.13% year-on-year

Harbin Air Conditioning (600202) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company will be 7 million yuan to 10 million yuan in 2024, a decrease of 14.3368 million yuan to 11.3368 million yuan compared with the same period last year, a year-on-year decrease of 67.19% to 53.13%. In 2024, the company's gross profit of products decreased compared with the previous year, the expenses during the period increased compared with the previous year, and the net profit decreased significantly compared with the same period last year.

Tongqing Building: Net profit in 2024 is expected to decrease by 69.56% to 78.93% year-on-year

Tongqinglou (605108) announced on the evening of January 16 that the net profit attributable to the owners of the parent company in 2024 is expected to be 64.0564 million yuan to 92.5259 million yuan, a year-on-year decrease of 69.56% to 78.93%. In 2023, the company's Wuxi store will receive compensation and disposal income of 50.48 million yuan due to municipal demolition, and there will be no such income in 2024.

Ginza shares: net profit in 2024 is expected to decrease by 70% to 79.92% year-on-year

Ginza shares (600858) released a performance forecast on the evening of January 16, and it is expected that the net profit attributable to shareholders of listed companies in 2024 will be 43.5 million yuan to 65 million yuan, a year-on-year decrease of 70% to 79.92%. During the reporting period, the consumer market was in the process of gradual recovery, but the physical retail industry still faced many challenges, especially department stores, affected by multiple factors such as changes in consumption habits and demand structure, and the impact of online retail, the passenger flow was affected to a certain extent, and the operating performance decreased compared with the same period.

Hualan Vaccine: Net profit in 2024 is expected to decrease by 70.93%-76.74% year-on-year

Hualan Vaccine (301207) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 200 million yuan to 250 million yuan in 2024, a year-on-year decrease of 70.93%-76.74%. In June 2024, the company adjusted the price of quadrivalent influenza vaccine products, and the prices of major products were reduced by more than 40%, in addition, in 2024, affected by multiple factors such as changes in public vaccination rates, declining vaccine market demand, and reduced sales, the company's business development and profitability were significantly impacted, resulting in a significant decline in the company's 2024 annual performance.

Kibing Group: Net profit in 2024 will decrease by 76.58% to 81.15% year-on-year

Kibing Group (601636) released a performance forecast on the evening of January 16, and the company expects to achieve a net profit attributable to the owners of the parent company of 330 million yuan to 410 million yuan in 2024, a year-on-year decrease of 76.58% to 81.15%. The main reasons for the decrease in performance: In 2024, affected by the downward cycle of real estate, the demand of the float glass industry will be insufficient, the supply and demand will increase, and the inventory will increase, and the product price will decline year-on-year, resulting in a year-on-year decline in the gross profit margin of the float glass business; Since the second half of 2024, the growth of photovoltaic power generation capacity has slowed down, the phased overcapacity of the photovoltaic glass industry has intensified, the imbalance between supply and demand, and the product price has dropped sharply year-on-year, resulting in a decline in the gross profit margin of the photovoltaic glass business; Due to the sharp decline in prices, the company made corresponding asset impairment provisions for some inventory products with a decrease in net realizable value.

China Television Media: Net profit in 2024 is expected to decrease by 79% to 84% year-on-year

China Television Media (600088) released a performance forecast on the evening of January 16, and it is expected to achieve a net profit attributable to the owners of the parent company of 39 million yuan to 49 million yuan in 2024, a year-on-year decrease of 79% to 84%. In 2024, the operating profit of the company's film and television and tourism business segment will decrease slightly compared with the same period last year. Affected by the changes in the stock prices of listed companies held by the funds in which the company participates, the company's investment income decreased compared with the same period last year.

Panjiang shares: net profit in 2024 is expected to decrease by 85.26% to 87.71% year-on-year

Panjiang Co., Ltd. (600395) announced on the evening of January 16 that according to the company's preliminary calculation, it is expected that the net profit attributable to the owners of the parent company in 2024 will be 90 million yuan to 108 million yuan, a decrease of 624 million yuan to 642 million yuan compared with 732 million yuan in the same period last year, a year-on-year decrease of 85.26% to 87.71%. The main reason for the decrease in performance is that the company's commercial coal production and sales volume decreased significantly compared with the same period last year due to the stricter safety supervision situation. Second, the downstream steel, coking and other industries of coal continued to weaken, and the price of refined coal fell, resulting in a significant reduction in the company's operating profit. On the same day, it was announced that in the fourth quarter of 2024, the company's commercial coal output was 2.4929 million tons, a year-on-year increase of 22.11%; the external sales volume of commercial coal was 1.9206 million tons, a year-on-year decrease of 5.32%; power generation was 2.612 billion kWh, a year-on-year increase of 1552.06%; The on-grid electricity was 2.409 billion kWh, a year-on-year increase of 1547.54%. In 2024, the output of commercial coal will be 9.4073 million tons, a year-on-year decrease of 16.52%; the external sales volume of commercial coal was 7.8419 million tons, a year-on-year decrease of 32.01%; power generation was 6.515 billion kWh, a year-on-year increase of 4019.76%; The on-grid electricity was 6.082 billion kWh, a year-on-year increase of 4060.31%. The company's power business is coal-fired power generation and new energy power generation, all of which are in Guizhou.

Lianhua Technology: In 2024, it is expected to achieve a net profit of 90 million yuan to 135 million yuan year-on-year

Lianhua Technology (002250) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 90 million yuan to 135 million yuan in 2024, compared with a loss of 465 million yuan in the same period last year, a year-on-year turnaround. In 2023, the company made an asset impairment provision of 238 million yuan for the related assets of the British subsidiary, and the company did not have the above matters in 2024.

Asia-Pacific Pharmaceutical: In 2024, it is expected to achieve a net profit of 25 million yuan to 37 million yuan year-on-year

Asia-Pacific Pharmaceutical (002370) announced on the evening of January 16 that it is expected to achieve a net profit attributable to shareholders of listed companies of 25 million yuan to 37 million yuan in 2024, a loss of 11.877 million yuan in the same period last year, and a net profit loss of 28 million yuan to 40 million yuan after deducting non-recurring gains and losses, a loss of 68.9445 million yuan in the same period last year. The year-on-year decrease in non-net profit deducted by the company in the current period was mainly due to the decrease in interest accrual and sales expenses on convertible bonds in the current period.

Huamai Technology: The net profit in 2024 is expected to be 11 million yuan to 15 million yuan to turn losses into profits

Huamai Technology (603042) announced on the evening of January 16 that after preliminary calculations by the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be 11 million yuan to 15 million yuan, compared with -84.2021 million yuan in the same period last year. During the reporting period, the company increased the promotion of new products, increased the expansion of the industry market, and improved the company's overall profitability.

*ST Weidi: In 2024, it is expected to achieve a net profit of 4 million yuan to 5.9 million yuan, turning losses into profits year-on-year

*ST Weidi (603023) released a performance forecast on the evening of January 16, and it is expected that the net profit attributable to the owners of the parent company in 2024 will be 4 million yuan to 5.9 million yuan, and it will turn losses into profits. The main reasons for the pre-profit of the performance: 1. The increase in national travel demand, especially the demand for tourist travel, the recovery of domestic tourist passenger transport and other market demand, the increase in the demand for passenger cars, and the recovery of overseas bus market demand and the growth of overseas new energy bus demand, export sales growth. The company's related orders increased, and the operating income increased. 2. The implementation of subsidy policies such as the "Implementation Rules for the Renewal Subsidy of New Energy City Buses and Power Batteries" has stimulated the renewal of new energy buses, increased the company's related orders, and increased operating income.

Remegen: The net profit in 2024 is expected to lose about 1.47 billion yuan

Remegen Biotechnology (688331) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the operating income in 2024 will be about 1.715 billion yuan, which will increase by about 632 million yuan compared with the same period last year, an increase of about 58% year-on-year. It is expected that the net loss attributable to the owners of the parent company in 2024 will be about 1.47 billion yuan, which will reduce the loss by about 41 million yuan compared with the same period last year. During the year, the company's new drug R&D pipeline continued to advance, a number of innovative drugs were in the key trial research stage, R&D investment increased, and the sales revenue of tetanercept and vedicitumab increased rapidly, the gross profit margin of products continued to grow, and the sales expense ratio decreased significantly.

MGI: The net profit in 2024 is expected to be a loss of 554 million yuan to 670 million yuan

MGI (688114) announced on the evening of January 16 that according to the company's preliminary calculation, it is expected to achieve a net profit attributable to the owners of the parent company of -554 million yuan to -670 million yuan in 2024, compared with a loss of 607 million yuan in the same period last year. During the reporting period, the company increased its market expansion efforts, resulting in an increase in related sales expenses. In addition, the fluctuation of foreign currency exchange rates such as the US dollar and the euro led to a year-on-year increase in the exchange loss of the company's foreign currency monetary items.

InnoCare: It is expected to lose about 443 million yuan in 2024

InnoCare (688428) released a performance forecast on the evening of January 16, and it is expected that the company's core product orelabrutinib will achieve revenue of about 1.001 billion yuan in 2024, an increase of about 49% compared with the same period last year. The total operating income was about 1.01 billion yuan, an increase of about 37% compared with the same period last year. Net profit attributable to owners of the parent company was about 443 million yuan, a decrease of about 30% compared with the same period last year.

Mengke Pharmaceutical: The net profit in 2024 is expected to lose 440 million yuan to 480 million yuan

Mengke Pharmaceutical (688373) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected to achieve an operating income of about 120 million yuan to 140 million yuan in 2024, an increase of 29.2236 million yuan to 49.2236 million yuan compared with the same period last year, an increase of 32.19% to 54.23% compared with last year. It is estimated that the net profit attributable to the owners of the parent company in 2024 will be about -440 million yuan to -480 million yuan, an increase of 18.8755 million yuan to 58.8755 million yuan over the loss in the same period last year. Although the company's operating income increased during the reporting period, with the continuous advancement of the clinical progress of the company's research projects, the investment in R&D expenses continued to increase. At the same time, with the active development of the company's sales business, sales expenses increased during the reporting period.

Liugang Co., Ltd.: The net profit in 2024 is expected to lose 375 million yuan to 470 million yuan

Liugang Co., Ltd. (601003) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be about -375 million yuan to -470 million yuan, compared with -1.012 billion yuan in the same period last year. Since 2024, the "three highs and three lows" situation of high output, high cost, high inventory, low demand, low price and low efficiency in the steel industry has continued to deteriorate, and the development of the entire industry has been struggling.

Furi Electronics: The net profit in 2024 is expected to lose 330 million yuan

Furi Electronics (600203) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -330 million yuan, and the net profit attributable to the owners of the parent company in the same period last year will be -286 million yuan. In 2024, due to the fierce competition in the industry and the price increase of key devices in the first half of 2024, the gross profit margin of consumer terminal products will decline.

Heyuan Biotech: The net profit in 2024 is expected to lose 282 million yuan to 339 million yuan

Heyuan Biotechnology (688238) announced on the evening of January 16 that the company expects to achieve a net profit attributable to the owners of the parent company of -282 million yuan to -339 million yuan in 2024, an increase of 154 million yuan to 211 million yuan compared with -128 million yuan in the same period last year. During the reporting period, the company's CDMO business continued to be affected by macro environmental changes, industrial conditions, downstream demand and other factors, and the price of executed orders was still at a historical low, while the first phase of the company's Lingang base has been fully put into operation, and it takes time to release production capacity, and operating costs such as depreciation and amortization costs, energy consumption costs, and administrative office expenses increased significantly year-on-year, resulting in a year-on-year decrease in operating gross profit and net profit of cell and gene therapy CDMO business during the reporting period.

Jiaao Environmental Protection: The net profit in 2024 is expected to lose 280 million yuan to 380 million yuan

Jiaao Environmental Protection (603822) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -280 million yuan to -380 million yuan, compared with 2.0888 million yuan in the same period last year, and will decrease by 382 million yuan to 282 million yuan from profit to loss. The environmental protection plasticizer sector is affected by the entire chemical industry, and the sales price of products continues to decline, and the gross profit margin of environmental protection plasticizers will remain low in 2024. In addition, the biomass energy sector was affected by the anti-dumping duties imposed by the European Union on China's biodiesel products, and the company's biodiesel product exports were blocked.

Lion Micro: In 2024, the pre-loss will be about 255 million yuan

Lion Micro (605358) released a performance forecast on the evening of January 16, and it is expected that the net profit attributable to shareholders of listed companies in 2024 will be a loss of about 255 million yuan, compared with a net profit of 65.7525 million yuan in the same period last year. With the successive conversion of expansion projects in 2023, the depreciation and amortization expense in the reporting period was approximately RMB938 million, an increase of approximately RMB206 million year-on-year.

Chinese enterprises: net profit in 2024 is expected to lose 220 million yuan to 390 million yuan

China Enterprises (600675) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to shareholders of listed companies in 2024 will be -390 million yuan to -220 million yuan, compared with 555 million yuan in the same period last year, and will decrease by 775 million yuan to 945 million yuan from profit to loss. In 2024, affected by factors such as the macroeconomic environment and industry policies, the company's carry-over projects will decrease, and the leasing will not meet expectations.

Cybrid Technology: Net profit in 2024 is expected to lose 200 million yuan to 250 million yuan

Cybrid Technology (603212) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -250 million yuan to -200 million yuan, compared with 104 million yuan in the same period last year, there will be a loss. During the reporting period, the company was affected by the changes in the supply and demand relationship of the photovoltaic industry, the transmission of price reduction pressure in the industrial chain, the intensification of market competition and other factors, resulting in a decline in the demand and unit price of photovoltaic backsheets, and the sales volume of photovoltaic film was basically flat but the unit price of products declined, resulting in a year-on-year decline in the company's operating income and a decline in product profitability.

Topstar: The net profit in 2024 is expected to lose 180 million yuan - 250 million yuan

Topstar (300607) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 180 million yuan to 250 million yuan, compared with a profit of 88.0334 million yuan in the same period last year. During the reporting period, the revenue of the smart energy and environmental management system business decreased by more than 50% compared with 2023, and the profitability declined sharply, resulting in a loss of about 200 million yuan (including impairment of accounts receivable and contract assets).

Hongdou shares: net profit in 2024 is expected to be 180 million yuan to 230 million yuan

Hongdou shares (600400) announced on the evening of January 16 that the company's net profit attributable to shareholders of listed companies in 2024 is expected to be -180 million yuan to -230 million yuan, compared with 30.0056 million yuan in the same period last year. The main reasons for the pre-loss of this period are: First, affected by factors such as the slowdown in domestic sales growth and the weak demand for optional consumption such as clothing, the company's main business income decreased by about 15%, with a decrease of about 350 million yuan, and the main business cost decreased by about 11%, with a decrease of about 160 million yuan, and the gross profit of the two decreased by about 190 million yuan; The above factors led to a year-on-year decline in the company's operating profit of about 220 million yuan, resulting in a loss in the company's profit. Second, the company's long-term equity investment in associates is accounted for by the equity method, and the recognized investment income decreased by about 25 million yuan year-on-year.

Sifang New Materials: The net profit in 2024 is expected to lose 153 million yuan to 229 million yuan

Sifang New Materials (605122) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, it is expected that the net profit attributable to shareholders of listed companies in 2024 will be -153 million yuan to -229 million yuan, compared with 12.9645 million yuan in the same period last year, there will be a loss. Affected by the decline in the real estate industry, from January to November 2024, the area of new real estate construction in Chongqing fell by 23.6%, which greatly reduced the demand for commercial concrete products in Chongqing. On the same day, it was announced that in the fourth quarter of 2024, the company's commercial concrete output was 1,104,800 cubic meters, a year-on-year decrease of 23.56%; The output of asphalt concrete was 64,800 tons, a year-on-year increase of 138.24%. In 2024, the company's commercial concrete output will be 4,106,200 cubic meters, a year-on-year decrease of 26.51%; The output of asphalt concrete was 123,900 tons, a year-on-year decrease of 2.44%.

ST Spring: Net profit in 2024 is expected to lose 145 million yuan to 174 million yuan

ST Spring (600381) announced on the evening of January 16 that the company expects the net profit attributable to shareholders of listed companies in 2024 to be -145 million yuan to -174 million yuan, and the net profit attributable to shareholders of listed companies in the same period last year will be -268 million yuan. The main reason for the pre-loss of the current period is that the original business plan of the company's wine sales segment business has not been fully implemented, and the follow-up company has made efforts to resume the normal operation of relevant products, and the related expenses have been invested relatively large, and the scale effect has not yet been formed; At the same time, the company has made provision for impairment losses on some investments, inventories, intangible assets, receivables, etc. If the company's audited total profit, net profit or net profit after deducting non-recurring gains and losses is negative, and the operating income after deducting business income unrelated to the main business and income without commercial substance is less than 300 million yuan, the company's shares will be delisted risk warning.

Lingkang Pharmaceutical: The net profit in 2024 is expected to lose about 120 million yuan

Lingkang Pharmaceutical (603669) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be about -120 million yuan, a decrease of about 20.79% compared with -151 million yuan in the same period last year. It is estimated that the operating income in 2024 will be about 380 million yuan, a year-on-year increase of about 93.06% compared with the same period of the previous year. The main reason for the loss in the current period was the decline in gross profit due to centralized procurement, and the gross profit from sales could not cover the expenses during the period, resulting in a loss in the current period.

Lanwei Medical: The net profit in 2024 is expected to lose 107 million yuan - 157 million yuan

Lanwei Medical (301060) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 107 million yuan to 157 million yuan, compared with a loss of 142 million yuan in the same period last year. During the reporting period, the long-aged accounts receivable of some of the company's testing business realized the collection, resulting in a significant decrease in the credit impairment loss accrued this year compared with the same period last year.

Cube Digital: The net profit in 2024 is expected to lose 76 million yuan to 96 million yuan

Cube Digital (300344) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 76 million yuan to 96 million yuan, compared with a loss of 127 million yuan in the same period last year. In 2024, the company's net loss attributable to shareholders of listed companies narrowed, mainly due to the further adjustment of the company's overall strategic planning, the expansion of the digital overall solution business and terminal hardware business, and the steady improvement of the basic business.

Baoming Technology: The net profit in 2024 is expected to lose 75 million yuan to 95 million yuan

Baoming Technology (002992) announced on the evening of January 16 that the net profit attributable to shareholders of listed companies in 2024 is expected to be a loss of 75 million yuan to 95 million yuan, compared with a loss of 124 million yuan in the same period last year. The main reason for the loss in this period is that the company's main business income and product gross profit margin have increased compared with the same period last year, but the fierce competition in the industry market and the continued low sales price of products cannot fully cover the company's costs and expenses, resulting in the company's continuous loss.

Zhongjing Electronics: The net profit in 2024 is expected to lose 70 million yuan - 90 million yuan year-on-year

Zhongjing Electronics (002579) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 70 million yuan to 90 million yuan, compared with a loss of 137 million yuan in the same period last year. During the reporting period, the company further optimized its product and customer structure to better match the production capacity needs of high-end production lines, and successively completed the introduction of a number of world-renowned terminal customers. Although it is still affected by the external unfavorable environment such as the weakening of structural demand in the industry, the company has actively adapted to the changes in customer needs by virtue of the wide range of market applications of its products, and the company's operating income in 2024 has increased compared with the previous year.

Hengshen New Materials: The net profit in 2024 is expected to be a loss of 61 million yuan to 79 million yuan

Hengshen New Materials (000782) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 61 million yuan to 79 million yuan, compared with a loss of 143 million yuan in the same period last year. After the change of controlling shareholder in early 2024, the company will adjust its organizational structure to improve operational efficiency and reduce expenses. At the same time, in the face of market demand and raw material price fluctuations, the company adjusted its production and sales strategy, optimized product structure, accelerated inventory turnover, expanded exports, improved gross profit margin, drove gross profit recovery, and the net profit loss after deducting non-profits narrowed significantly.

Changjiang Investment: The net profit in 2024 is expected to lose 58.7 million yuan to 88.04 million yuan

Changjiang Investment (600119) announced on the evening of January 16 that according to the preliminary calculation of the financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -88.04 million yuan to -58.7 million yuan, and the net profit attributable to the owners of the parent company in the same period last year will be 8.9018 million yuan, turning from profit to loss. Affected by the intensification of market competition, the company's business contracted and its revenue declined. In addition, due to the decline in market demand for the Shanghai BH license, the occupancy rate of the licensed operating assets has decreased significantly, and the recoverable amount is expected to be lower than the book value, and asset impairment provisions need to be made.

Yunnan City Investment: The net profit in 2024 is expected to lose 35 million yuan to 52.5 million yuan

Yunnan City Investment (600239) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, the company expects the net profit attributable to the owners of the parent company in 2024 to be -35 million yuan to -52.5 million yuan, a decrease of 53.85% to 30.77% compared with -75.8328 million yuan in the same period last year. In this period, according to the arbitration results and the settlement agreement, the estimated liabilities and debt restructuring proceeds of Yunnan Chengjiang Eagle Land Tourism Resort Co., Ltd., a shareholding company, were written off for overdue guarantees and the debt restructuring proceeds were recognized totaling 164 million yuan. In addition, the company's commercial operating performance improved.

Jinglun Electronics: The net profit in 2024 is expected to lose 34 million yuan to 43 million yuan

Jinglun Electronics (600355) announced on the evening of January 16 that according to the preliminary calculation of the company's financial department, it is expected that the net profit attributable to the owners of the parent company in 2024 will be -34 million yuan to -43 million yuan, with a loss of 43.3604 million yuan in the same period last year, and it is expected to achieve operating income of about 142 million yuan in 2024, and the operating income after deducting business income unrelated to the main business and income without commercial substance will be about 127 million yuan, less than 300 million yuan. It will trigger the delisting risk warning for the company's shares as stipulated in Article 9.3.2 (1) of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, which stipulates that "the lower of the audited total profit, net profit or net profit after deducting non-recurring gains and losses in the most recent fiscal year is negative and the operating income is less than 300 million yuan, or the total profit, net profit or net profit after deducting non-recurring gains and losses in the most recent fiscal year after retrospective restatement is negative and the operating income is less than 300 million yuan". The company's shares may be subject to delisting risk alert after the disclosure of the 2024 annual report (add "*ST" before the company's stock abbreviation).

BESTORE: In 2024, it will lose 25 million yuan to 40 million yuan

BESTORE (603719) released a performance forecast on the evening of January 16, and the company expects a net profit of -40 million yuan to -25 million yuan in 2024, compared with a net profit of 180 million yuan in the same period last year. In 2024, the company will still follow the policy of "price reduction without quality reduction", further implement the price reduction strategy for some products in the store channel, and make adjustments to the product structure and try new categories, the price reduction and product structure adjustment have affected the company's gross profit margin, so the company's net profit performance has declined.

Hangzhou High-tech: The net profit in 2024 is expected to lose 22 million yuan - 28 million yuan year-on-year

Hangzhou High-tech (300478) announced on the evening of January 16 that the net profit loss attributable to shareholders of listed companies in 2024 is expected to be 22 million yuan to 28 million yuan, compared with a profit of 23.65 million yuan in the same period last year. The large change in net profit attributable to shareholders of the listed company in the reporting period was due to the large non-recurring profit and loss in the previous year.

Ailong Technology: The net profit in 2024 is expected to lose 16.21 million yuan to 24.31 million yuan

Ailong Technology (688329) announced on the evening of January 16 that it is expected that the net profit attributable to the owners of the parent company in 2024 will be -16.21 million yuan to -24.31 million yuan, compared with 29.522 million yuan in the same period last year, from profit to loss, it will decrease by 45.732 million yuan to 53.832 million yuan. During the reporting period, the company was continuously affected by the market environment and other factors, resulting in a decline in operating income and comprehensive gross profit margin.

China Pacific Insurance: The cumulative original insurance premium income of CPIC Life Insurance in 2024 will be 238.823 billion yuan, a year-on-year increase of 2.4

China Pacific Life Insurance 601601 Co., Ltd. (hereinafter referred to as "CPIC Life"), a subsidiary of the Company, announced on the evening of January 16 that the cumulative original insurance premium income of China Pacific Life Insurance Co., Ltd. (hereinafter referred to as "CPIC Life"), a subsidiary of the Company, was 238.823 billion yuan, a year-on-year increase of 2.4%, and the cumulative original insurance premium income of China Pacific Property Insurance Co., Ltd. (hereinafter referred to as "CPIC Property Insurance"), a subsidiary of the Company, was 203.249 billion yuan, a year-on-year increase of 6.8%.

Hailu Heavy Industry: In 2024, the company will sign a new order amount of 2.766 billion yuan

Hailu Heavy Industry (002255) announced on the evening of January 16 that the amount of new orders signed by the company in 2024 will be 2.766 billion yuan, and the cumulative orders in hand as of December 31, 2024 will be 4.436 billion yuan.

[M&A and reorganization].

Ningbo Fuda: It is planned to acquire no less than 45% of the equity of Jingxin Materials

Ningbo Fuda (600724) announced on the evening of January 16 that the company signed the "Investment Cooperation Agreement of Intent" with the shareholders of Jingxin Materials, intending to acquire no less than 45% of the shares of Jingxin Materials, and Hou Xiaobao, a shareholder of Jingxin Materials, entrusts or transfers no less than 6% of the voting rights to the company to ensure that the company has no less than 51% of the voting rights of Jingxin Materials. According to preliminary estimates, this transaction is expected to constitute a major asset restructuring. After the completion of this transaction, Jingxin Materials will become the company's holding subsidiary, and the company will enter the field of electronic special materials based on photovoltaic silver powder on the basis of the original two main businesses of commercial real estate and cement building materials, and will rely on its own resource advantages to achieve effective synergy with Jingxin Materials to help the company achieve industrial transformation breakthroughs and energy level improvement.

[Change in equity].

Zangge Mining: The controlling shareholder plans to sell 24.82% of the company's shares for 13.729 billion yuan and resume trading

Zangge Mining (000408) announced on the evening of January 16 that the controlling shareholder Zangge Venture Capital and its concerted actors, Xinsha Hongyun Investment, intend to transfer a total of 24.82% of the company's shares held by it to Zijin International, and at the same time, Zangge Venture Capital promises to unconditionally and irrevocably give up its 79,021,800 shares of the company (accounting for 5% of the total share capital of the company) held by it from the day after the delivery date agreed in the "Control Transfer Agreement" to the date of 18 months after the completion of the delivery date ) to vote. Zijin International acquired 392 million shares of the Company held by the above-mentioned entities at a consideration of RMB 35 per share, with a total transaction amount of RMB 13.729 billion, and after the completion of the transaction, Zijin International and its persons acting in concert held 25% of the shares of the Company. The controlling shareholder of the company will be changed from Zangge Venture Capital to Zijin International, and the actual controller will be changed from Xiao Yongming to Shanghang County Finance Bureau. Trading in the company's shares will resume from the market open on the morning of Friday, January 17, 2025.

Baosheng shares: AVIC intends to transfer 3.94% of the company's shares by agreement

Baosheng shares (600973) announced on the evening of January 16 that the company's shareholder AVIC Industrial Investment Co., Ltd. (hereinafter referred to as "AVIC Investment") intends to transfer its 54 million shares of the company (accounting for 3.94% of the company's total shares) to the company's actual controller, Aviation Industry Corporation of China (hereinafter referred to as "AVIC"), by way of non-public agreement transfer. The transfer price is 4.98 yuan per share, and the total transfer price is 269 million yuan. After the completion of the transfer of this agreement, AVIC no longer holds shares in the company. Baosheng Group Co., Ltd. is still the controlling shareholder of the company, and AVIC is the actual controller of the company.

AVIC Airborne: Shareholder AVIC Industrial Investment intends to transfer 2.04% of the company's shares by agreement

AVIC Airborne (600372) announced on the evening of January 16 that the company received a notice from AVIC Aviation Industry Investment Co., Ltd. (hereinafter referred to as "AVIC Investment"), a shareholder holding 2.04% of the company's shares, that AVIC Industry Investment and the actual controller of the company, Aviation Industry Corporation of China (hereinafter referred to as "AVIC"), signed the "Asset Transfer Agreement", intending to transfer 98,695,600 shares of the company held by it to AVIC by way of non-public agreement transfer, with a transfer price of 12.07 yuan / shares, the total transfer price is 1.191 billion yuan. After the transfer, AVIC Investment's shareholding ratio changed from 3.80% to 5.84%.

[increase and decrease in holdings, repurchase].

Telink Micro: The National Fund plans to reduce its holdings of no more than 2% of the company's shares

Telink Micro (688591) announced on the evening of January 16 that the 8.95% shareholder of the National Integrated Circuit Industry Investment Fund Co., Ltd. (hereinafter referred to as the "National Fund") plans to reduce the total number of shares of the company held by it by centralized bidding transactions within 3 months after 15 trading days, and the proposed reduction ratio does not exceed 2.00% of the company's total share capital.

Zhijiang Biological: It is planned to repurchase shares for 60 million yuan to 110 million yuan

Zhijiang Biology (688317) announced on the evening of January 16 that the company intends to repurchase shares with 60 million yuan to 110 million yuan to maintain the company's value and shareholders' rights. The repurchase price does not exceed 25.99 yuan per share. The source of repurchase funds is the company's own funds and special loan funds for stock repurchase. The Company has obtained the Letter of Loan Commitment issued by China Merchants Bank Co., Ltd. Shanghai Branch, and the specific loan matters will be subject to the loan contract signed by both parties.

NOVOSENSE: Shareholders are expected to reduce their holdings of no more than 3% of the company's shares in total

NOVOSENSE (688052) announced on the evening of January 16 that the company's shareholders Guorun Ruiqi, Huiyue Growth, Suzhou Huaye and their concerted action Changsha Huaye intend to reduce their holdings of the company's shares through block transactions or bidding transactions. Guorun Ruiqi plans to reduce its holdings by no more than 1,425,300 shares, that is, no more than 1% of the company's total share capital. Huiyue Growth plans to reduce its holdings by no more than 1,425,300 shares, that is, no more than 1% of the company's total share capital. Suzhou Huaye and its concerted actor Changsha Huaye plan to reduce their holdings by no more than 1,425,300 shares, that is, no more than 1% of the company's total share capital.

Peacebird: Shareholder Chen Hongchao intends to reduce his holdings of no more than 1.4243% of the company's shares

Peacebird (603877) announced on the evening of January 16 that Chen Hongchao, a shareholder holding 5.70% of the shares, plans to reduce his holdings of no more than 6,748,700 shares of the company through centralized bidding transactions and block transactions within 3 months after 15 trading days, and intends to reduce his holdings by no more than 1.4243% of the company's total shares.

Hitech: Shareholders plan to reduce their holdings of no more than 1% of the company's shares

Hitech (301022) announced on the evening of January 16 that the shareholder Suzhou Xinlin Phase III Venture Capital Enterprise (Limited Partnership) currently holds 2.3513% of the company's shares, and plans to reduce the company's shares by no more than 847,600 shares (accounting for 1% of the company's total share capital) through centralized bidding or block trading.

Insigma: Wanliyang plans to reduce its holdings of no more than 0.5% of the company's shares

Insigma (600797) announced on the evening of January 16 that Zhejiang Wanliyang Co., Ltd. (hereinafter referred to as "Wanliyang"), a 5.35% shareholder, intends to reduce its total holdings of the company's shares by no more than 5.13 million shares through centralized bidding transactions within 3 months after 15 trading days, and the total proportion of the proposed reduction will not exceed 0.50% of the company's total share capital.

[Winning the Contract].

Molding Technology: Received three models of exterior trim product project designation The total sales are expected to be 1.23 billion yuan - 1.32 billion yuan

Moulding Technology (000700) announced on the evening of January 16 that the company recently received a well-known domestic new energy customer issued three models of exterior trim product project designation, according to customer planning, the project life cycle is 3 years. The three models are all new energy SUVs, with an estimated annual sales of about 100,000 sets/year for Project 1, 80,000 sets/year for Project 2, and 130,000 sets/year to 150,000 sets/year for Project 3, with a total life cycle sales of 1.23 billion yuan to 1.32 billion yuan. The designated project is expected to start production in May 2026.

Bomaike: signed a contract of 750 million yuan to 1 billion yuan

Bomec (603727) announced on the evening of January 16 that the company signed a contract with STS VOF (hereinafter referred to as "STS") for the construction of the upper module of the offshore floating production, storage and offloading (FPSO), which will be deployed in the Suriname oil field after the completion of the construction of the FPSO. The main scope of work covers the design, material procurement and construction of the FPSO upper module, with a contract value of 750 million yuan to 1 billion yuan, consisting of a fixed price part and the current estimated variable workload accounting amount. Conditions for the contract to take effect: January 2025.

Truide: Signed a supply and installation contract of about 700 million yuan for high-voltage mobile substations with Saudi Arabia's State Grid

300001 announced on the evening of January 16 that the company recently signed a contract with National Grid SA (hereinafter referred to as "Saudi State Grid") for the supply and installation of high-voltage mobile substations, with a total contract amount of 353 million Saudi riyals, equivalent to about 700 million yuan. The smooth progress of this project is of great significance to promote the company's strategic layout in the international market.

Zhongzhong Technology: Signed a general contracting order contract of 367 million yuan

Zhongzhong Technology (603135) announced on the evening of January 16 that the company and Fuzhou Xingshenghe Industrial Co., Ltd. signed the "1450mm hot-rolled coil production line electromechanical and hydraulic equipment general contracting order contract", with a contract amount of 367 million yuan. The signing of this contract will have a positive impact on the company's 2025 annual results, bring stable cash flow to the company, help improve the financial position and enhance the company's profit.

EFORT: The wholly-owned grandson company received a purchase order of about 109.82 million yuan

EFORT (688165) announced on the evening of January 16 that Autorobot, a wholly-owned subsidiary of the company, recently received a purchase order from customers for the construction of automobile production lines, equivalent to about 109.82 million yuan (calculated according to the exchange rate of 7.54 between the euro and the yuan). It is expected to have a positive impact on the company's results from 2025 to 2028, but it will not have a material impact.

[Other].

Dingyang Technology: Released a new high-resolution digital oscilloscope

Dingyang Technology (688112) announced on the evening of January 16 that the company officially released the 12-bit SDS5000X HD series 8-channel high-resolution digital oscilloscope and the SDS5000L series 8-channel compact high-resolution oscilloscope with a maximum bandwidth of 1 GHz on January 16, and increased the maximum measurement frequency of the SHA860A series handheld signal analyzer from 7.5GHz to 26.5GHz. The release of new products reflects the company's technological innovation capabilities, market adaptability and product development capabilities, further enriches the company's high-end product matrix, broadens the application scenarios and use of the company's products, will help consolidate and enhance the company's comprehensive competitiveness, and will have a positive impact on the company's future development.

Yitai B shares: Stop promoting the 2 million tons/year coal indirect liquefaction demonstration project of Inner Mongolia Yitai Coal-to-Liquids Co., Ltd

Yitai B shares (900948) announced on the evening of January 16 that based on the prudent judgment of the industry situation and the actual situation of the company, the company intends to stop promoting the 2 million tons/year coal indirect liquefaction demonstration project of Inner Mongolia Yitai Coal-to-Liquids Co., Ltd. The cessation of the 2 million tons of coal-to-liquid project will lead to the impairment of some of the company's assets, and the company will make asset impairment provisions for the relevant assets according to the evaluation report issued by a third-party intermediary, and the specific impairment amount is still uncertain. The matter still needs to be submitted to the general meeting of shareholders of the company for deliberation. The main reason for the cessation of the promotion: it is expected that the price of coal will continue to fall, the company plans to build two coal-to-liquid projects with a total investment of nearly 50 billion yuan, the large investment will occupy the company's funds for a long time, and the return on investment cycle of large-scale projects is longer, which poses a severe challenge to the company's financing ability, and the company is at the same time building two large-scale coal-to-liquid projects with greater economic risk.

Changchun High-tech: The clinical trial application of GenSci120 injection of its subsidiary was approved

Changchun High-tech (000661) announced on the evening of January 16 that its subsidiary Jinsai Pharmaceutical received the "Drug Clinical Trial Approval" approved and issued by the State Drug Administration, and the clinical trial application of GenSci120 injection of Jinsai Pharmaceutical was approved, and the indications are adult systemic lupus erythematosus and adult primary Sjögren's syndrome.

Novovi: SYS6043 antibody drug conjugate approved for clinical trial in the United States

Nova (300765) announced on the evening of January 16 that its holding subsidiary, Jushi Biotech, recently received a notice from the U.S. Food and Drug Administration ("FDA") that the clinical trial application for SYS6043 drugs for injection declared by Jushi Biotech has been approved by the US FDA and can carry out clinical trials in the United States. The approved indication is advanced/metastatic solid tumors, which are expected to be suitable for the treatment of small cell lung cancer, esophageal squamous cell carcinoma, etc.