Source: Market Information

Affect the stock market positive and negative news

Macro news

1. The Information Office of the State Council will hold a press conference at 9 a.m. today, inviting Wu Qing, chairman of the China Securities Regulatory Commission, Liao Min, vice minister of finance, Li Zhong, vice minister of human resources and social security, Zou Lan, member of the party committee of the People's Bank of China, and Xiao Yuanqi, deputy director of the State Administration of Financial Supervision and Administration, to introduce the relevant situation of vigorously promoting medium- and long-term capital entry into the market and promoting the high-quality development of the capital market, and answer questions from reporters.

2. After the deliberation and approval of the Central Financial Commission, the Central Financial Office, the China Securities Regulatory Commission and other six departments jointly issued the "Implementation Plan for Promoting the Entry of Medium and Long-term Funds into the Market". It is mentioned that the proportion and stability of A-share investment in commercial insurance funds will be improved; optimize the investment management mechanism of the national social security fund and the basic pension insurance fund; improve the level of market-oriented investment and operation of enterprise (occupational) annuity funds; increase the size and proportion of equity funds; Optimize the investment ecology of the capital market.

3. The Central Committee of the Communist Party of China and the State Council issued the "Plan for Comprehensive Rural Revitalization (2024-2027)". The goal is that by 2027, substantial progress will be made in the comprehensive revitalization of rural areas. It mentions that a new round of urbanization of the agricultural transfer population will be implemented to protect the legitimate land rights and interests of farmers who have settled in the city.

4. Foreign Ministry Spokesperson Mao Ning held a regular press conference yesterday. A reporter asked, have China and the United States communicated or are in the process of communicating on the tariff issue? Mao Ning said that China is willing to maintain communication with the US side, properly handle differences, expand mutually beneficial cooperation, and promote the stable, healthy and sustainable development of China-US relations.

5. The Indian government is considering options to deal with potential U.S. trade actions, including trade deals, tariff cuts, and imports of more U.S. goods. Among the options discussed, the government could buy more whiskey, steel and oil from the United States, people familiar with the matter said.

Industry news

1. The People's Bank of China and other five departments jointly issued the "Opinions on Promoting Institutional Opening-up in the Financial Sector in Conditional Pilot Free Trade Zones (Hong Kong) Pilot Docking with International High Standards". It proposes that, on the premise of true compliance, all transfers related to foreign investors' investments in the pilot areas that are genuinely compliant and related to foreign investors' investments are allowed to be freely remitted in and out without delay.

2. The reporter learned from many parties that the 12 science and technology composite index ETFs reported on January 13 were approved yesterday. The index was officially released on January 20, and the first batch of 12 products are divided into two categories: first, 9 fund companies, including E Fund, ChinaAMC, Huatai Pineberry, Southern, China Universal Wealth, Bosera, China Merchants, Tianhong, and CCB, have reported the Science and Technology Innovation Composite Index ETF; Second, three fund companies, including Wells Fargo, Invesco Great Wall, and ICBC Credit Suisse Fund, reported the science and technology innovation comprehensive price ETF.

3. The head of Norway's $1.8 trillion sovereign wealth fund said investors willing to buck the market in the coming months should consider selling U.S. technology stocks and private credit, while increasing their holdings of Chinese assets.

4. The National Health Commission and the State Administration of Traditional Chinese Medicine jointly issued the "Influenza Diagnosis and Treatment Plan (2025 Edition)", adding two new anti-influenza virus drugs, mabaloxavir and favipiravir, and clearly not recommending the combined application of antiviral drugs with the same mechanism of action.

5. Liu Kun, Secretary of the Party Group of the Social Security Foundation, presided over the meeting of the Party Group. The meeting emphasized that the role of long-term capital and patient capital should be actively played to help the capital market run smoothly and promote high-quality economic and social development. It is necessary to focus on improving the professional level of investment and operation, improve the value preservation and appreciation system of the social security fund, continuously accelerate the accumulation of income, and make the social security fund bigger and stronger.

6. It was learned from a number of people familiar with the matter that the gross profit margin of the bean bag model was still positive after the price was cut sharply last year. Doubao-1.5-pro, which sells APIs on Volcano Engine, can still achieve a gross profit margin of 50%. In May last year, ByteDance officially released the bean bag model. Among them, the model inference input price of the Doubao general model Pro-32K version is only 0.8 yuan per million tokens, while the pricing of the model of the same specification in the market at that time is generally 120 yuan per million tokens, which is 150 times the price of the bean bag model.

7. The COMEX gold price was reported at $2,762 per ounce, a new high in nearly two months. According to media reports, the price of pure gold jewelry of major gold brands is also rising, with the gold price of Chow Tai Fook on the day being 833 yuan/gram, and the pure gold price of brands such as Lao Fengxiang, Liuliufu and Chow Sang Sang also exceeding 830 yuan/gram.

8. The National Development and Reform Commission and the General Administration of Sports issued the "Guiding Opinions on Building High-quality Outdoor Sports Destinations", focusing on the construction of a number of high-quality outdoor sports venues and facilities such as ice and snow, mountains, water, land, and aviation, and supporting the construction of automobile self-driving sports camps, aviation flight camps, mountaineering camps, and boat docks. Cultivate a number of leading outdoor sports enterprises, strengthen the formulation, application and promotion of outdoor sports products and service standards, and enhance the leading and exemplary role.

Company News

1. CPIC announced that net profit in 2024 will increase by about 55%-70% year-on-year.

2. CNOOC Limited announced that the total capital expenditure budget for 2025 will be RMB 125 billion to RMB 135 billion, and the dividend payout ratio from 2025 to 2027 will not be less than 45%.

3. *ST Pengbo announced that the company's shares may be terminated from listing.

4. Changshan Beiming announced that it is expected to lose 580 million to 700 million yuan in 2024.

5. The announcement of the gold securities shares will terminate the planning of the change of control, and the stock will resume trading from today.

6. Fosun Pharma announced that the merger and privatization transaction of its holding subsidiary, Henlius, was not approved by the general meeting of shareholders. On the same day, the company announced that it planned to repurchase the company's shares with 300 million yuan to 600 million yuan.

7. Northern Rare Earth announced that it is expected that the net profit in 2024 will decrease by 54.41% to 59.90% year-on-year.

8. ST Shengtun announced that it is expected to achieve a net profit of 1.85 billion yuan to 2.15 billion yuan in 2024, a year-on-year increase of 599% to 712%.

9. Xin Yisheng announced that it was suspected of violating the restrictive provisions to transfer stocks and disclose information illegally, and the actual controller Gao Guangrong was confiscated of 9.5 million yuan of illegal gains and fined 22 million yuan.

10. Jindan Technology issued a short-form equity change report, Li Zhongmin will hold 24 million shares of the company due to the dissolution of marriage and property division, accounting for 12.61% of the total share capital.

11. Hualin Securities announced that its net profit in 2024 is expected to increase by 973%-1289% year-on-year.

12. Silan Micro announced that the net profit is expected to be 150 million yuan to 190 million yuan in 2024, turning losses into profits year-on-year.

13. The Federation of Industry announced that a total of 9,323,300 shares were repurchased, costing 200 million yuan.

14. Huifeng shares announced that the company's shares may be subject to delisting risk warning.

15. Lihang Technology announced that the 2024 annual performance is expected to be a loss, and it may be subject to a delisting risk warning.

16. CMOC announced that its net profit in 2024 is expected to be 12.8 billion yuan to 14.2 billion yuan, an increase of 55% to 72% year-on-year.

Global Markets

1. The three major U.S. stock indexes collectively closed up, with the Nasdaq up 1.28% to regain the 20,000-point mark, the S&P 500 up 0.61%, the Dow up 0.30%, most of the large technology stocks rose, and Microsoft rose more than 4%. The Nasdaq China Golden Dragon Index closed down 0.66%, with most of the popular Chinese concept stocks falling.

2. COMEX gold futures closed up 0.26% at $2766.3 per ounce; COMEX silver futures closed down 0.34% at $31.39 an ounce.

3. WTI crude oil futures settled down 0.51% at $75.44 per barrel; Brent crude futures settled down 0.37% at $79 a barrel.

Investment Opportunity Reference

1. The country's first heterogeneous humanoid robot training ground was officially opened, opening a new chapter in embodied intelligence

The country's first heterogeneous humanoid robot training ground was officially opened. Zhang Hongtao, deputy director of the Shanghai Municipal Commission of Economy and Information Technology, said that the humanoid robot and embodied intelligence industry is on the eve of an outbreak. Shanghai has made remarkable achievements in the field of humanoid robots, including the open-source "Qinglong" public version machine, the release of the "Eighteen King Kong" array, the open-source million-dollar real machine dataset and the first batch of group standards. In the future, Shanghai will focus on promoting the construction of the "1+N" virtual and real integration training ground, accelerating the application of the landing, and promoting the integration of humanoid robots and large models. The training ground opened this time is the core of the "1+N" pattern, and more than 100 heterogeneous humanoid robots will be deployed in the first phase to help technological breakthroughs and application landing.

Jiang Lei, chief scientist of the National and Local Humanoid Robot Innovation Center, looked forward to the development of humanoid robots in 2025, and he believes that humanoid robots will start from the elderly care service scene to mass production and wide application. According to its analysis, the humanoid robot industry is growing rapidly, with an output value of 2.76 billion yuan in 2024, which is expected to double to 5.3 billion yuan in 2025 and 75 billion yuan in 2029. Humanoid robots are regarded as a key technology to solve the problem of aging, and 2025 will be the first year of mass production. In terms of technology, humanoid robots will integrate embodied intelligence, autonomous driving and other technologies to form a new scientific research paradigm.

2. The AI boom has driven soaring demand, and technology giants such as Microsoft and Google have bet on this segment

According to media reports, Darryl White, CEO of BMO Financial Group, said that the nuclear energy sector has undergone profound changes in recent years, but the world has not yet agreed on key issues. He noted that nuclear energy has the potential to provide reliable electricity and large-scale construction, but differences in frameworks and classification systems remain. Especially in terms of financing, the need for large amounts of capital to support nuclear power projects in the future is a challenge that is often underestimated and needs to be addressed more seriously and in order to promote the further development of the industry.

According to Gartner's forecast, the power demand of data centers only for running AI-optimized servers is expected to reach 500 TWh per year by 2027, 2.6 times the level in 2023, according to the research report of Zheshang Securities. AI has created a huge demand for electricity, and data centers need round-the-clock power supply, and nuclear energy has become an important choice as an efficient, clean, and stable energy source. In the face of the surge in demand for power for AI large model training and inference, all parties are looking to nuclear energy in order to find a solution to energy supply, and technology companies such as Microsoft, Google, Amazon, and Meta have bet on nuclear energy. UBS, Morgan Stanley analysts are bullish on the outlook for nuclear power stocks in 2025 as power demand soars in connection with the AI boom.

3. The

indispensable core components of optical modules, domestic enterprises may enter the key development window period of the supply chain

The agency pointed out that as the core technology unit in the optical module, the performance and cost of the optical chip directly determine the competitiveness of the optical module. According to the Hexian Industry Research Center, under the continuous demand for high-speed optical chips driven by AI, overseas high-speed optical chip manufacturers will expand production slowly, resulting in a supply and demand gap, and China's high-speed optical chip companies will usher in a critical development window period to cut into the supply chain.

Optical chips are chips that realize basic optical communication functions such as optical to electricity, electric to light, shunting, attenuation, and combined and wave-splitting, and are the core of optical devices and optical modules. The principle of optical chips is based on the principle of photonics, that is, the use of the wave and particle properties of light to transmit and process information. The "2024 White Paper on China's Hard Technology Innovation and Development" proposes that the future of information is moving towards the intelligent era of "light + AI". In the context of the bottleneck of "Moore's Law", the information industry represented by photonic technology, artificial intelligence and quantum technology will trigger technological change and industrial restructuring in the information field. It is predicted that the scale of China's optical chip market will grow to 15.156 billion yuan in 2024, and China will also become one of the regions with the fastest growth rate in the global optical chip market.

4. The Ministry of Industry and Information Technology said that in 2025, it will orderly promote the optimization of the layout of the construction of the computing center

According to media reports, Xie Cun, director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, said at a press conference on the 21st that in 2025, it will continue to do a good job in "construction, use, and research" to promote the development of the information and communication industry to achieve three "upgrades". First, the network will evolve and upgrade, improve the "dual gigabit" network upgrade policy, pilot the deployment of 10 gigabit optical networks, and orderly promote the optimization of the construction and layout of computing power centers. The second is to integrate application upgrades, create an upgraded version of 5G application "sailing" and "5G + industrial Internet", and accelerate the all-round and full-chain popularization and application of a new generation of information technology; The third is to upgrade innovation capabilities, increase investment in 5G evolution and 6G technology innovation, expand the opening up of telecommunications services in a timely manner, and promote the sustainable and healthy development of the information and communication industry.

With the emergence of smart glasses, robots and various wearable devices, the combination of new applications and new hardware terminals is expected to create more explosive scenarios, which will further boost the demand for infrastructure, and continue to be optimistic about the AI sector, including the infrastructure industry chain and the end-side AI application related industry chain.

Suspension and resumption of trading

[Suspension].

688656 Ho Obo

[Resumption].

600446 Gold Securities Shares

Announcement Express

[Hot Spots].

Gold Securities Shares: Terminate the planning for a change of control The stock will resume trading tomorrow

Gold Securities Co., Ltd. (600446) announced on the evening of January 22 that the company's shares will be suspended from January 16, 2025 due to the planning of a change of control. During the suspension period, the company actively promoted the relevant work, but due to the large number of matters involved, no consensus was reached with the counterparty, and it was decided to terminate the planning of this major event. The company's shares will resume trading from the market open on January 23, 2025.

Xin Yisheng: The actual controller received the "Prior Notice of Administrative Punishment" from the China Securities Regulatory Commission

Xin Yisheng (300502) announced on the evening of January 22 that Gao Guangrong, the controlling shareholder and actual controller of the company, received the "Prior Notice of Administrative Punishment" from the China Securities Regulatory Commission, and after investigation, the facts of Gao Guangrong's violation are as follows: From March 15 to April 11, 2023, Gao Guangrong transferred a total of 1.42% of the total share capital of Xin Yisheng through the No. 2 account of the family trust and Gao Guangrong Huatai Securities account, of which 0.42% was transferred in violation of restrictive provisions, and the illegal income was 9.4986 million yuan. During the period when Gao Guangrong held "New Yisheng" through the No. 2 account of the family trust, he did not truthfully report the actual shareholding situation to New Yisheng, resulting in false records of the shareholders' relevant information disclosed in the 2020, 2021 and 2022 annual reports of New Yisheng. The China Securities Regulatory Commission intends to make the following decisions: 1. For Gao Guangrong's illegal act of transferring shares in violation of restrictive provisions, it will be ordered to make corrections, given a warning, confiscate 9.4986 million yuan of illegal gains, and impose a fine of 20 million yuan. 2. For Gao Guangrong's illegal information disclosure, he was ordered to make corrections, given a warning, and fined 2 million yuan. Based on the above two illegal facts, Gao Guangrong was confiscated with a total of 9.4986 million yuan of illegal gains and fined 22 million yuan.

[Performance].

CMOC: Net profit is expected to increase by 55.15% to 72.12% year-on-year in 2024

China Molybdenum (603993) announced on the evening of January 22 that it expects to achieve a net profit attributable to shareholders of listed companies of 12.8 billion yuan to 14.2 billion yuan in 2024, an increase of 55.15% to 72.12% year-on-year. The reason for the sharp year-on-year increase in the company's performance in 2024 is that the production and sales of the main products copper and cobalt have achieved a significant year-on-year increase, and the superimposed measures such as the year-on-year increase in the price of copper products, cost reduction and efficiency increase have obvious effects, so that the company has achieved a year-on-year increase in profit.

Azure lithium core: net profit in 2024 is expected to increase by 198.26%-255.07% year-on-year

Azure Lithium Core (002245) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 420 million yuan to 500 million yuan, a year-on-year increase of 198.26%-255.07%. In 2024, with the resumption of procurement by overseas customers of power tools, as well as the company's expansion in the field of smart travel, the lithium battery business will show a year-on-year continuous growth trend, and the company's lithium battery sales will reach the best level in history. At the same time, as the LED chip industry market continues to recover, benefiting from the company's persistent layout in the field of Mini LED and other displays, the company's LED business has performed well, and its profit contribution has increased significantly year-on-year.

Junda shares: net profit loss of 550 million yuan to 650 million yuan in 2024

Junda Co., Ltd. (002865) released a performance forecast on the evening of January 22, and it is expected that the net profit loss attributable to the parent company in 2024 will be 550 million yuan to 650 million yuan, and the profit in the same period last year will be 816 million yuan. Affected by the continuous expansion of production capacity in all links of the industrial chain in the past few years, the photovoltaic industry will face a phased supply and demand mismatch in 2024, with intensified competition in all links of the industrial chain and continuous downward trend in product prices. The profitability of photovoltaic companies is facing great challenges, and the company's 2024 annual operating results finally recorded a loss.

Keming Food: It is expected that the net profit in 2024 will be 120 million yuan - 180 million yuan year-on-year

Keming Food (002661) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 120 million yuan to 180 million yuan, compared with a loss of 65.6534 million yuan in the same period last year. During the reporting period, the price of live pigs increased compared with the same period, the gross profit margin of the company's breeding business segment increased, and the operating loss decreased year-on-year. The company's food business segment continued to optimize the product structure, the proportion of sales of high-margin products increased, and the cost of wheat decreased year-on-year, which increased the gross profit margin of products and the gross profit, resulting in the simultaneous growth of the company's operating performance.

Silan Micro: It is expected that the net profit in 2024 will be 150 million yuan to 190 million yuan year-on-year

Silan Micro (600460) announced on the evening of January 22 that it is expected that the net profit attributable to the owners of the parent company in 2024 will be 150 million yuan to 190 million yuan, a year-on-year turnaround, and a loss of 35.7858 million yuan in the same period last year. During the reporting period, the company's subsidiary Silan Integrated 5 and 6-inch chip production lines, subsidiary Silan Jixin 8-inch chip production lines, and important shareholding enterprises Silan Jike 12-inch chip production lines all achieved full production. The company has arranged technical transformation funds to further increase the production capacity of 8-inch line MEMS chips, 12-inch line IGBT chips and analog circuit chips. The company expects that the 5, 6, 8 and 12-inch chip production lines will continue to maintain a high output level in 2025.

Montage Technology: Net profit in 2024 is expected to increase by 205.62%-218.93% year-on-year

Montage Technology (688008) announced on the evening of January 22 that it expects to achieve a net profit attributable to the owners of the parent company of 1.378 billion yuan to 1.438 billion yuan in 2024, an increase of 205.62%-218.93% over the same period last year. In 2024, the main reasons for the significant increase in the company's operating performance over the same period of the previous year include: on the one hand, benefiting from the gradual recovery of demand in the global server and computer industry, the company's demand for memory interface and module supporting chips has achieved restorative growth, and at the same time, benefiting from the improvement of DDR5 downstream penetration rate and the continuous iteration of the subgeneration, the company's DDR5 memory interface chip shipments exceeded DDR4 memory interface chips, and the shipments of DDR5 second-generation memory interface chips exceeded that of the first sub-generation; On the other hand, benefiting from the trend of the AI industry, the company's three new high-performance capacity chips (PCIe Retimer, MRCD/MDB, and CKD chips) began to be shipped on a large scale, contributing new performance growth points to the company. In 2024, the company expects that the sales revenue of interconnection chips, the net profit attributable to the owners of the parent company, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will all reach a record high in the company's history.

Jiangsu Thorpe: Net profit in 2024 is expected to increase by 1016.95% to 1128.65% year-on-year

Jiangsu Thorpe (600746) announced on the evening of January 22 that it is expected that the net profit attributable to shareholders of listed companies in 2024 will be 200 million yuan to 220 million yuan, an increase of 1016.95% to 1128.65% year-on-year compared with 17.9059 million yuan in the same period last year. In 2024, the production and sales of the company's main products increased year-on-year, the unit cost decreased year-on-year, and the comparison base in the same period of the previous year was small, so that the company's operating performance in 2024 is expected to increase significantly compared with the previous year.

Juhua shares: net profit in 2024 is expected to increase by 98% to 123% year-on-year

Juhua Co., Ltd. (600160) announced on the evening of January 22 that it is expected that the net profit attributable to shareholders of listed companies in 2024 will be 1.87 billion yuan to 2.1 billion yuan, a year-on-year increase of 98% to 123% compared with 944 million yuan in the same period last year. The growth of the company's performance in the current period is mainly due to the increase in the external sales volume and price of the company's main products, and the increase in main business income and product gross profit margin.

Northern Rare Earth: Net profit is expected to decrease by 54.41%-59.9% year-on-year in 2024

Northern Rare Earth (600111) announced on the evening of January 22 that it is expected to achieve a net profit attributable to the owners of the parent company of 950 million yuan to 1.08 billion yuan in 2024, a year-on-year decrease of 54.41% to 59.9%. In 2024, affected by market supply and demand factors such as sluggish global economic growth and lower than expected growth in downstream demand, the prices of major rare earth products, represented by rare earth praseodymium and neodymium products, will generally show a downward trend, with the average price declining year-on-year.

Deye shares: net profit is expected to increase by 61.92%-73.09% year-on-year in 2024

Deye Co., Ltd. (605117) announced on the evening of January 22 that it is expected that the net profit attributable to the owners of the parent company in 2024 will be 2.9 billion yuan to 3.1 billion yuan, an increase of 61.92% to 73.09% year-on-year. In 2024, the growth of overseas photovoltaic storage market demand will be more regional, the Asian, African and Latin American markets will continue to increase the demand for household energy storage products that can be switched to the grid due to the outdated infrastructure of the national power grid and the shortage of power, the European market such as the German market will focus more on the economic demand for energy storage products due to its high electricity prices, and the Ukrainian market will continue to grow due to the geopolitical impact of the rigid demand for electricity.

CPIC: Net profit is expected to increase by about 55%-70% year-on-year in 2024

China Pacific Insurance (601601) announced on the evening of January 22 that it is expected that the company's net profit attributable to shareholders of the parent company in 2024 will be about 42.2 billion yuan to 46.3 billion yuan, an increase of about 55% to 70% year-on-year. Benefiting from a series of favorable national policies and the upward fluctuation of the overall performance of the capital market, the Company's investment income in 2024 achieved a significant year-on-year growth, and at the same time, the value foundation of the insurance business continued to be consolidated, driving a significant increase in net profit.

Capital Environmental Protection: Net profit in 2024 is expected to increase by about 117.93% year-on-year

Capital Environmental Protection (600008) announced on the evening of January 22 that it is expected to achieve a net profit attributable to the owners of the parent company of about 3.5 billion yuan in 2024, an increase of about 117.93% year-on-year. During the reporting period, the company actively expanded its main business, continued to enhance its core competitiveness, put new projects into operation one after another, continuously improved the profitability of existing projects, and continued to grow in various business segments such as urban water operation and solid waste operation.

Shengda Resources: Net profit in 2024 is expected to increase by 136.51%-170.29% year-on-year

Shengda Resources (000603) disclosed its performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 350 million yuan to 400 million yuan, a year-on-year increase of 136.51%-170.29%. During the reporting period, thanks to the increase in the price of base metals, the average sales price of the company's main mine products increased compared with the same period last year, and the capital occupation fees and liquidated damages received from related lawsuits were superimposed, which contributed to the significant year-on-year growth of the company's operating performance.

Doushen Education: Net profit in 2024 is expected to increase by 358.93%-485.54% year-on-year

Doushen Education (300010) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 145 million yuan - 185 million yuan, a year-on-year increase of 358.93% - 485.54%. At the end of 2023, the company completed bankruptcy reorganization, and during the reporting period, the company achieved comprehensive optimization in various directions such as governance structure, asset-liability structure, development strategy and main business. Due to changes in the market environment and other reasons, the company optimized the content of the art learning service business, upgraded the teaching methods, created artificial intelligence teaching applications, enriched sales channels, and increased the gross profit margin during the reporting period compared with the previous year.

Goodix: Net profit is expected to increase by 233.22%-287.75% year-on-year in 2024

Goodix Technology (603160) announced on the evening of January 22 that it expects to achieve a net profit attributable to the owners of the parent company of 550 million yuan to 640 million yuan in 2024, an increase of 385 million yuan to 475 million yuan compared with the same period last year, an increase of 233.22% to 287.75% year-on-year. During the reporting period, the company's new products such as ultrasonic fingerprints, new-generation light sensors and NFC/eSE were shipped in batches on brand clients, benefiting from the decline in chip procurement costs and the positive impact of the company's iteration of existing products, product costs have decreased, and gross profit margins have been effectively improved.

Hualin Securities: Net profit in 2024 is expected to increase by 973.03%-1288.62% year-on-year

Hualin Securities (002945) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 340 million yuan to 440 million yuan, a year-on-year increase of 973.03%-1288.62%. The company continued to promote the transformation strategy of technology and finance, and the revenue of wealth management online business increased significantly year-on-year. The proprietary investment business actively seized market opportunities and further enhanced its ability to allocate assets, resulting in a significant increase in revenue. In addition, the Company made an estimated liability of approximately RMB228 million in 2023 for the arbitration of the asset-backed special plan for beneficiary rights of the Red Expo and Exhibition Trust, resulting in a significant year-on-year decrease in related non-operating expenses in 2024. The non-operating expense is a non-recurring profit or loss.

Zhejiang Yongqiang: Net profit in 2024 is expected to increase by 686.31%-1079.46% year-on-year

Zhejiang Yongqiang (002489) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 400 million yuan to 600 million yuan, a year-on-year increase of 686.31%-1079.46%. During the reporting period, the land and factory owned by the company located in Shuiyuntang, Linhai City, were expropriated by the relevant departments of the Linhai Municipal Government according to the needs of urban construction and development and planning, and a total of 177 million yuan of compensation was obtained, and the net profit of the above-mentioned assets increased by about 145 million yuan during the reporting period. In addition, due to the fluctuation of the securities market, the net profit of the reporting period increased by approximately RMB168 million due to the impact of equity investment income and fair value change income. The above-mentioned expropriation compensation and the profit and loss from the stock investment business are non-recurring gains and losses.

Polyfluoride: net profit in 2024 is expected to be 260 million yuan to 320 million yuan

Duofluoride (002407) released a performance forecast on the evening of January 22, and it is expected that the net profit loss attributable to the parent company in 2024 will be 260 million yuan to 320 million yuan, and the profit in the same period last year will be 511 million yuan. During the notice period, the company's operating performance loss, mainly due to the following reasons: 1. There are signs of impairment in some production lines in the new energy battery sector, and the total amount of impairment is expected to be about 340 million yuan. 2. The competition in the new energy materials and electronic information materials industry is intensifying, and the product price is running at a low level. The company actively promoted various measures to reduce costs and increase efficiency, and the sales scale of its main products such as lithium hexafluorophosphate and new energy batteries still maintained growth, but the average selling price of related products in 2024 decreased significantly compared with 2023, and the gross profit did not meet expectations.

Air China Cargo: Net profit in 2024 is expected to increase by 56%-73% year-on-year

Air China Cargo (001391) released a performance forecast on the evening of January 22, and it is expected that the net profit attributable to the parent company in 2024 will be 1.8 billion yuan to 1.99 billion yuan, a year-on-year increase of 56% to 73%. The main reason for the increase in performance is that with the gradual return to normal operation of the air cargo industry and the gradual stabilization of the global supply chain system, coupled with the strong demand for air cargo by cross-border e-commerce, air freight rates and cargo and mail turnover have also begun to gradually recover from the industry low point at the beginning of 2023, making the performance in 2024 increase significantly year-on-year.

[Increase or decrease in holdings].

Linggang shares: The controlling shareholder increased his holdings of 504,100 shares of the company

Linggang Co., Ltd. (600231) announced on the evening of January 22 that the company's controlling shareholder, Linggang Group, increased its holdings of 504,100 shares of the company through centralized bidding on January 22, with an increase of 0.02%, and the total amount of the increase was 853,200 yuan. Linggang announced on the evening of December 4, 2024 that the company's controlling shareholder plans to increase its holdings of the company's A shares through centralized bidding within 12 months from the date of disclosure of the announcement, with the upper limit of 40 million yuan and the lower limit of 22 million yuan. There is no price range for this shareholding increase plan.

Xingfa Group: Shareholder Zhejiang Jinfanda plans to increase its shareholding in the company by 220 million yuan to 440 million yuan

Xingfa Group (600141) announced on the evening of January 22 that the shareholder Zhejiang Jinfanda intends to increase its holdings of the company's shares through centralized bidding transactions, using bank special loans and its own funds, with an increase of not less than 220 million yuan (including the number) and no more than 440 million yuan (including the number), and the increase plan does not set a price range. Before the implementation of the shareholding increase plan, Zhejiang Jinfanda held 14.72% of the company's shares.

[Repurchase].

Fosun Pharma: plans to repurchase the company's A shares for 300 million yuan to 600 million yuan

Fosun Pharma (600196) announced on the evening of January 22 that it plans to repurchase the company's A shares for 300 million yuan to 600 million yuan, and the upper limit of the repurchase price is 30 yuan per share. On the same day, Fosun Pharma announced that the board of directors deliberated and approved the "Proposal on the Plan for Repurchase of H Shares", and approved the company to repurchase the company's overseas listed ordinary shares (H shares) with its own funds and/or self-raised funds within 6 months from the date of the board of directors' deliberation and approval of the plan, and the number of H shares to be repurchased shall not exceed 5% of the company's total number of H shares (i.e. 552 million shares) (i.e. no more than 27.597 million shares), and the purpose of the H shares to be repurchased, including but not limited to cancellation or use as treasury shares.

[Contract Winning Bid].

Shanghai Yanpu: The wholly-owned subsidiary received two fixed-point notices

Shanghai Yanpu (605128) announced on the evening of January 22 that its wholly-owned subsidiary, Liuzhou Yanpu Automobile Technology Co., Ltd., recently received a "fixed-point notice" from an important customer (a company in Shenzhen), and Liuzhou Yanpu Technology will produce and supply automotive seat frame assembly products for the whole chair of a model of the customer. At present, according to customer forecasts, the life cycle of the new project in this announcement is expected to be 5 years (2025-2030), and it is expected to generate about 520.13 million yuan of operating income during the life cycle of the project. Shanghai Yanpu announced on the same day that its wholly-owned subsidiary, Huangshan Yanpu Metal Products Co., Ltd., recently received a "fixed-point letter" from an important customer, and Huangshan Yanpu will supply automotive seat frame assembly products for the whole chair production of the customer's two models. At present, according to customer forecasts, the life cycle of the first model project in the fixed-point letter of this announcement is 7 years (2025-2032), and the life cycle of the project is expected to generate about 2.0594 billion yuan of operating income. The life cycle of the second model project is four years (2025-2028), and the life cycle of the project is expected to generate about 862.66 million yuan of operating income.

Ouma Software: Pre-won the bid for the project of 53.4 million yuan

Ouma Software (301185) announced on the evening of January 22 that the company pre-won the bid for the national unified examination project for the registration of national certification personnel, with a bid amount of 53.4 million yuan, accounting for 24.16% of the company's audited operating income in 2023. In the next 3 years, the company will provide services for the national unified examination for the registration of national certification personnel, and the annual examination plan is arranged for 2-4 batches, which will be carried out on a quarterly basis.

Beijing Cree: pre-won the bid for the 486 million yuan China Southern Power Grid project

Beijing Cree (002350) announced on the evening of January 22 that China Southern Power Grid Co., Ltd. recently released the "Announcement of the Winning Candidates for the Second Batch of Framework Bidding Projects for Distribution Network Equipment of China Southern Power Grid Corporation in 2024" on its supply chain unified service platform, and the company is the winning candidate for the above projects, and the total amount of the company's pre-winning bid is estimated to be about 486 million yuan.

Infore Environment: Subsidiaries won a total of 262 million yuan for the project

Infore environment (000967) announced on the evening of January 22 that recently, Changsha Zoomlion Environmental Industry Co., Ltd., a wholly-owned subsidiary of the company, received the notice of winning the bid for two projects, the first project is the "city housekeeper" service project in the old town of Chengxiang Town, Taicang City (2025-2028), and the second project is the equipment procurement project for the construction of garbage classification system in Weinan City (Phase I). The total amount of bids for the above two projects is 262 million yuan.

Shanghai Harbor: The subsidiary won the bid for the foundation treatment project of Island B in the Dubai Islands with an amount of about 140 million yuan

Shanghai Harbor (605598) announced on the evening of January 22 that recently, its subsidiary Harbor Dubai received a notice of winning the bid from Dubai Is Lands L.L.C, confirming that Harbor Dubai won the bid for the foundation treatment project of Island B in the Dubai Islands, with a total contract amount of 69.9751 million UAE dirhams, equivalent to about 140 million yuan.

Yangdian Technology: pre-won the bid of 78.6213 million yuan for the China Southern Power Grid project

Yangdian Technology (301012) announced on the evening of January 22 that the company pre-won the bid for the second batch of framework bidding projects for distribution network equipment of China Southern Power Grid Corporation in 2024, with a total amount of about 78.6213 million yuan.

Kinpan Technology: Won the bid for CGN New Energy's 2025 energy storage system framework procurement (bid section 4).

Kinpan Technology (688676) announced on the evening of January 22 that the company recently received the notice of winning the bid for the "CGN New Energy 2025 Energy Storage System Framework Procurement (Bid Section 4)", the winning project is CGN New Energy's 2025 energy storage system framework procurement, which belongs to the company's daily business behavior, with a bid amount of 695 million yuan (including tax) and an amount of 615 million yuan excluding tax, accounting for 9.22% of the company's audited operating income (excluding tax) in 2023.

[Change in equity].

Jindan Technology: The actual controller Zhang Peng has gone through the procedures for dissolving the marriage relationship and intends to split 12.47% of the company's shares into Li Zhongmin's name

Jindan Technology (300829) announced on the evening of January 22 that the company recently received a notice from Zhang Peng, the controlling shareholder, actual controller and chairman of the board, and learned that Mr. Zhang Peng and Ms. Li Zhongmin have gone through the procedures for dissolving the marriage relationship through friendly negotiation and made relevant arrangements for the division of shares. According to the "Divorce Agreement" signed by Zhang Peng and Li Zhongmin, Zhang Peng intends to divide his 24 million shares of the company, accounting for about 12.47% of the company's total share capital (accounting for 12.61% of the total share capital after excluding the shares of the repurchase account), into Li Zhongmin's name.

[Significant investment].

Scitech New Materials: It is planned to invest 200 million yuan in the construction of a vacuum insulation panel project for energy thermal management

Scitech New Materials (688398) announced on the evening of January 22 that the company intends to sign the "Investment Contract" with the Liancheng County Investment Promotion Center, and the company will rent a total area of about 31,177.96 square meters of plant from Liancheng County Industry and Trade Development Co., Ltd. for the implementation of the "vacuum insulation panel project applied to energy and thermal management", with a total investment of 200 million yuan.

Zhongding Co., Ltd.: The subsidiary purchased robot reducer manufacturing equipment for 12.8928 million yuan

Zhongding Co., Ltd. (000887) announced on the evening of January 22 that in order to speed up the production of the company's robot parts products and improve the company's competitiveness, the company's wholly-owned subsidiary, Anhui Wangjin Auto Parts Co., Ltd. (hereinafter referred to as "Anhui Wangjin") and Anhui Julong Robot Reducer Co., Ltd. (hereinafter referred to as "Anhui Julong Robot") signed the "Equipment Transfer Contract". Anhui Wangjin purchased the robot reducer manufacturing equipment held by Anhui Julong Robot for 12.8928 million yuan, and Anhui Julong Robot transferred its robot business to the company's subsidiary.

Lianhuan Pharmaceutical: It plans to jointly acquire 54% of the shares of Changle Pharmaceutical with Huixian Construction Investment

Lianhuan Pharmaceutical (600513) announced on the evening of January 22 that the company intends to jointly acquire 54% of the shares of Xinxiang Changle Pharmaceutical Co., Ltd. (hereinafter referred to as "Changle Pharmaceutical") held by Li Donghong and others in cash with Huixian Construction Investment Co., Ltd. (hereinafter referred to as "Huixian Construction Investment"), of which the company acquired 49% of the equity of Changle Pharmaceutical for 183 million yuan, and Huixian Construction Investment acquired 5% of the equity of Changle Pharmaceutical for 18.7 million yuan. After the completion of this acquisition, Changle Pharmaceutical became a holding subsidiary of the company and was included in the company's consolidated financial statements.

Bojun Technology: It is planned to invest 360 million yuan in the construction of auto parts and precision mold production projects

Bojun Technology (300926) announced on the evening of January 22 that the company intends to sign an "investment agreement" with the Kunshan Economic and Technological Development Zone Management Committee, and plans to build an auto parts and precision mold production project in Kunshan Economic and Technological Development Zone, with a total investment of 360 million yuan.

[Refinancing].

Bofei Electric: It is planned to raise no more than 146 million yuan for the project with an annual output of 70,000 tons of motor insulation materials

Bofei Electric (001255) announced on the evening of January 22 that the company intends to issue shares to specific objects through simplified procedures to raise a total of no more than 146 million yuan, and will invest all in the project with an annual output of 70,000 tons of motor insulation materials.

[Other].

Fosun Pharma: The merger and privatization transaction of its holding subsidiary, Henlius, was not approved

Fosun Pharma (600196) announced on the evening of January 22 that its holding subsidiary, Shanghai Fosun New Drug Research Co., Ltd. (hereinafter referred to as "Fosun New Medicine") (i.e., the offeror and merger), intends to acquire and cancel all shares of Henlius (including H shares and unlisted shares) held by other existing shareholders of Henlius by way of cash and/or share exchange, and privatize Henlius. On January 22, 2025, the merger by absorption was approved as a special resolution by more than two-thirds of the voting shareholders present at the extraordinary general meeting of shareholders of Henlius, but was not approved at the general meeting of shareholders of H shares of Henlius, which only has the right to vote by independent H-share shareholders.

Zhongsheng Pharmaceutical: Brain Thrombosis Capsule has been approved as a national protected variety of traditional Chinese medicine

Zhongsheng Pharmaceutical (002317) announced on the evening of January 22 that on January 21, the website of the State Food and Drug Administration issued the "Announcement on Protected Varieties of Traditional Chinese Medicine (No. 22)" (No. 8 of 2025), and the State Food and Drug Administration approved the cerebral thrombosis capsule of Guangdong Huanan Pharmaceutical Group Co., Ltd., a wholly-owned subsidiary of Guangdong Zhongsheng Pharmaceutical Co., Ltd., as the first second-level protected variety of traditional Chinese medicine.