Finance Associated Press

ZTE: It plans to use no more than 30 billion yuan of its own funds for entrusted financial management

Today's Spotlight

[Wuzhou New Year: It is planned to invest 1.5 billion yuan in the production of planetary roller screws, special bearings for general robots and other product projects].

Wuzhou New Year (603667.SH) announced that the company intends to sign an "investment agreement" with the Management Committee of Xinchang High-tech Industrial Park and Xinchang Gaochuang Holding Group Co., Ltd., and intends to invest in the production of planetary roller screws, micro-shaped ball screws, automotive steering system screws, brake parking system screws, suspension shock absorption system screws, general robot special bearings and other products, with a total planned investment of about 1.5 billion yuan and a total land area of about 100 acres. The production capacity of this layout is the expansion and extension of the company's main business, which further enhances the company's product competitiveness, economic benefits and comprehensive strength, and enhances the company's sustainable development ability.

[ZTE: It is planned to use no more than 30 billion yuan of its own funds for entrusted financial management].

ZTE (000063.SZ) announced that the company held a board meeting on February 28, 2025 to consider the proposal to use its own funds for entrusted financial management, with a total capital of no more than 30 billion yuan. The matter shall be submitted to the general meeting of shareholders for consideration. The company will choose wealth management products with high security, good liquidity and medium and low risk.

[ZTE: Net profit in 2024 will be 8.425 billion yuan, down 9.66% year-on-year].

ZTE (000063.SZ) announced that the company achieved operating income of 121.299 billion yuan, a year-on-year decrease of 2.38%; net profit was 8.425 billion yuan, down 9.66% year-on-year. The company plans to distribute a cash dividend of $6.17 for every 10 shares.

[Northern Rare Earth: The controlling shareholder Baotou Steel Group plans to increase its shareholding in the company by 500 million yuan to 1 billion yuan].

Northern Rare Earth (600111.SH) announced that the company's controlling shareholder, Baotou Steel Group, intends to increase its shareholding in the company with 500 million yuan to 1 billion yuan. Recently, the Agricultural Bank of China Baotou Lucheng Branch issued a loan commitment letter to Baotou Iron and Steel Group, agreeing to provide a loan of no more than 900 million yuan for Baotou Iron and Steel Group to increase its holdings of the company's shares, and the loan term shall not exceed 3 years.

[Guotai Junan: The record date for the implementation of the A-share exchange by absorbing and merging Haitong Securities is March 3].

Guotai Junan (601211.SH) announced that the registration date for the implementation of the A-share exchange of Haitong Securities is March 3, 2025, and the A-shares of Haitong Securities held by the A-share shareholders registered after the market close on the equity registration date of the share exchange will be converted into Guotai Junan A-shares at a ratio of 1:0.62, that is, every 1 A-share of Haitong Securities can be exchanged for 0.62 A-shares of Guotai Junan.

[Zhongji Innolight: net profit in 2024 will be 5.171 billion yuan, a year-on-year increase of 137.9%].

Zhongji Innolight (300308.SZ) announced that its total operating income reached 23.861 billion yuan, an increase of 122.63% over the same period last year; net profit attributable to shareholders of listed companies was 5.171 billion yuan, a year-on-year increase of 137.90%. The company said that the performance growth was mainly due to the continuous construction of computing infrastructure by end customers, the strong growth of capital expenditure, and the significant increase in sales of 800G and 400G high-end optical modules, and the continuous optimization of product structure.

[Kaiwang Technology: The cooperation between cable and precision cable connection components and robot-related manufacturers is in the early stage].

Kaiwang Technology (301182.SZ) issued an announcement on abnormal fluctuations in stock trading and risk warnings, the company is concerned that the recent market attention to robot-related concepts is high, the company's cable and precision cable connection components and robot-related manufacturers are in the early stage of personalized program customization, small batch supply, etc., accounting for a low proportion of the company's main business income (less than 1%), will not have a significant impact on the company's performance, combined with the company's recent business situation internal and external business environment analysis, The company's fundamentals have not changed significantly recently.

[Two-board Shanghai Wash: Solid-state battery-related business has not yet formed a long-term stable income].

Shanghai Xiba (603200.SH) issued an announcement on abnormal fluctuations in stock trading, and the company is concerned that the concept of solid-state batteries has received high market attention recently, and the company's related businesses have not yet formed long-term stable income, which will not affect the company's overall performance for the time being. At the same time, based on the uncertainty of product iteration and market development, the company's current relevant investment is relatively small, and the testing, matching results and application prospects of relevant samples are also uncertain.

[2 even board TENGEN Electric: the company's products are used in the robot industry to account for a very small proportion of operating income].

TENGEN Electric (605066.SH) issued an announcement on abnormal fluctuations in stock trading, saying that investors have recently paid more attention to whether the company's products can be applied to robots or robot industry, and the company further explained and reminded investors that circuit breakers, fuses, contactors, and transformers used in the robot industry are the same as the company's original products. At present, the operating income of the company's products applied to the robot industry is less than 2 million yuan, accounting for a very small proportion, and there is basically no impact on the company's performance. Investors are requested to invest rationally and pay attention to investment risks.

[China Nuclear Power: It is planned to increase its capital by 1 billion yuan to participate in the fusion company and lay out the nuclear fusion energy field].

China Nuclear Power (601985.SH) announced that the company intends to participate in China Fusion Energy Co., Ltd. by way of capital increase, with an investment of 1 billion yuan. The matter has been deliberated by the board of directors of the company, and it still needs to be approved by the State-owned Assets Supervision and Administration Commission of the State Council and go through the procedures for changing the registration of industry and commerce. The transaction is expected to constitute a connected transaction, but not a material asset restructuring. The company's shareholding in the fusion company aims to respond to the requirements of the country's future industrial strategic development, promote the development of the fusion industry, and lay the foundation for the commercial application of fusion reactors in the future. However, controlled nuclear fusion technology is still in the development stage, and the possibility of investing in fusion companies to achieve profitability in the short term is low, and there is also a risk of commercialization failure.

[East Sunshine: Established a joint venture with Zhongji InnoLight to engage in the R&D and production of liquid cooling technology].

East Sunshine (600673.SH) announced that the company's wholly-owned subsidiary, East Sunshine Liquid Cooling Technology Co., Ltd. and Zhongji InnoLight plan to jointly invest in the establishment of a joint venture in Guangzhou, Guangdong Shenrin Intelligent Refrigeration Technology Co., Ltd., to engage in the research and development, production and sales of liquid cooling and thermal management components and system solutions. The registered capital of the joint venture is 100 million yuan, and East Sunshine Liquid Cooling Technology subscribed and contributed 49 million yuan, accounting for 49%. This investment will help the company expand new profit growth points in the field of liquid cooling, further strengthen the full-cycle support ability from technology research and development to large-scale application, and enhance the company's market share and core competitiveness in the field of liquid cooling and thermal management.

[Zheneng Power: plans to increase capital by 750 million yuan to participate in the fusion company].

Zheneng Power (600023.SH) announced that the company intends to participate in China Fusion Energy Co., Ltd. by way of capital increase, with an investment of about 750 million yuan. Controlled nuclear fusion technology is still in the development stage, and technological breakthroughs require long-term research and large capital investment, and the results are uncertain.

[Liulianban Huafeng shares: generator set is not the core equipment directly related to computing power in the data center].

Huafeng Co., Ltd. (605100.SH) issued an announcement on abnormal fluctuations in stock trading, and the company paid attention to the market's high attention to the data center power supply sector. The company's intelligent generator set products are used as backup power supplies, in addition to communication base stations, oilfield oil wells, banks, mines and other application scenarios, they can also be used as emergency power supply in data centers. Generator sets are not the core equipment directly related to computing power in the data center, and there are uncertainties in the scale and development speed of downstream markets such as computing power, and there is also great uncertainty about its impact on the company's business. In November 2019, September 2021 and January 2022, the company won the bidding for the diesel generator set bidding project of China Unicom's Langfang base and Hohhot base data center, with a total of 30 units, accounting for a small proportion of the company's operating income. In 2023 and 2024, the company will actively explore the data center market, but due to various factors such as market competition environment and price, the company did not win the bid in this market and did not generate related revenue. In the future, the company will continue to develop the business of intelligent generator sets.

[3 days and 2 boards Sanxiang New Materials: The company's main business has not changed, and the main products are fused zirconia, sponge zirconium, etc.].

Sanxiang New Materials (603663.SH) announced that the company's main business is the research and development, production and sales of new industrial materials such as zirconium products and casting modified materials, and the main products are fused zirconia, sponge zirconium, zirconium oxychloride and special ceramics. Up to now, the company's main business has not changed, the internal production and operation activities are normal, and the market environment and industry policies have not been significantly adjusted.

[Zhizheng shares: intends to purchase 99.97% equity of AAMI through major asset replacement, issuance of shares and cash payment].

Zhizheng shares (603991.SH) announced that the company intends to obtain 99.97% of the equity of AAMI through major asset replacement, issuance of shares and cash payment, and place 100% of the equity of Shanghai Zhizheng New Materials Co., Ltd., a wholly-owned subsidiary of the listed company, and raise matching funds. AAMI is one of the world's top five semiconductor lead frame suppliers, and through this transaction, the company will accelerate the transformation and upgrading to the direction of new semiconductor productivity; At the same time, ASMPTHolding, a wholly-owned subsidiary of ASMPT, the world's leading semiconductor packaging equipment leader, will become an important shareholder of the listed company, which is the first demonstration of the introduction of international semiconductor leading shareholders by A-share listed companies, which will strongly promote the international cooperation of the semiconductor industry and guide more high-quality foreign capital to enter the A-share capital market for long-term investment.

Investment & Contracting

[Angel yeast: The Indonesian company plans to invest 880 million yuan to build a yeast project with an annual output of 20,000 tons].

Angel Yeast (600298.SH) announced that the company's subsidiary Indonesia plans to invest 880 million yuan to build a yeast project with an annual output of 20,000 tons, with a planned dry yeast production capacity of 18,800 tons per year and a fresh yeast drying capacity of about 2,000 tons per year. The project is expected to have a construction period of 24 months and will be put into operation in 2027. The project capital requirement is 880 million yuan, of which 511 million yuan is solved through borrowing and other means, and 369 million yuan is used by the Indonesian company's own funds. This project will help optimize the company's overseas yeast production layout, promote the implementation of the "14th Five-Year Plan" strategy, and further strengthen the development of the Indonesian yeast market.

[Changan Automobile: AVATR Technology has paid the second phase of the transfer price of 5.75 billion yuan to Huawei].

Changan Automobile (000625.SZ) announced that AVATR Technology, the company's joint venture, has paid the second phase of the transfer price of 5.75 billion yuan to Huawei. This transaction is an important milestone in the long-term strategic cooperation between AVATR Technology and Changan Automobile and Yinwang, marking that the two parties have taken the lead in entering the emerging strategic cooperation with capital as the link from industrial synergy, which will continue to help AVATR Technology and Changan Automobile accelerate the construction of leading competitive advantages in the field of automotive intelligence, and promote the leapfrog development of AVATR Technology and Changan Automobile. The transaction will not result in a change in the scope of Changan Automobile's consolidated financial statements, and will not have a significant impact on Changan Automobile's financial condition and operating results in the short term.

[Cialis: The second transfer price of 5.75 billion yuan has been paid to promote the delivery of 10% of the equity].

Sailis (601127.SH) announced that the company's wholly-owned subsidiary, Sailis Automobile, plans to purchase 10% of the shares of Shenzhen Yinwang Intelligent Technology Co., Ltd. held by Huawei for 11.5 billion yuan. As of the disclosure date of the announcement, the second payment precedent and the precedent for delivery agreed in the Equity Transfer Agreement have been satisfied, and the parties have determined February 28, 2025 as the closing date of this transaction. Yinwang has issued a capital contribution certificate and shareholder register to Sailis Automobile, and Ceris Automobile has paid the second transfer price of RMB 5.75 billion agreed in the Equity Transfer Agreement to Huawei. The parties to the transaction will handle the industrial and commercial change registration of the equity transfer as soon as possible, and actively and orderly promote the relevant work of the transaction.

Increase or decrease in holdings & repurchase

[Tangshan Port: Jiantou Transportation plans to increase its shareholding in the company by 250 million yuan to 500 million yuan].

Tangshan Port (601000.SH) announced that the company's second largest shareholder, Hebei Construction Investment Transportation Investment Co., Ltd., plans to increase its holdings of the company's shares through centralized bidding through the Shanghai Stock Exchange system within 12 months from the date of disclosure of the announcement, with an increase of not less than 250 million yuan and no more than 500 million yuan. There is no price range for the shareholding increase plan, and it will be implemented at an opportune time based on the fluctuation of the company's stock price and the overall trend of the capital market. The source of funds for the increase is bank credit funds and the construction investment and transportation's own funds, of which the bank credit funds do not exceed 90% of the upper limit of the proposed increase in holdings. Jiantou Transportation promised not to reduce its shareholding in the company during the period of shareholding increase and the statutory period.

[Telink Micro: The National Fund has reduced its holdings of 1% of the company's shares].

Telink Micro (688591.SH) announced that the company's shareholder, China Integrated Circuit Industry Investment Fund Co., Ltd., reduced its holdings of 2.4 million shares of the company from February 17 to February 28, reducing its shareholding by 1.00%, resulting in its shareholding ratio falling from 8.95% to 7.95%.

[Luwei Optoelectronics: Shareholder Xingsen Technology and its concerted actors plan to reduce their holdings of no more than 2% of the company's shares].

Luwei Optoelectronics (688401.SH) announced that the shareholder Xingsen Technology and its concerted action person Xingsen Equity plan to reduce their holdings of the company's shares through centralized bidding and block trading due to their own capital needs, with a total reduction of no more than 3,866,674 shares, that is, no more than 2.00% of the company's total share capital.

Business & Performance

[Haiguang Information: Net profit in 2024 will be 1.931 billion yuan, a year-on-year increase of 52.87%].

Haiguang Information (688041.SH) announced that during the reporting period, the company achieved operating income of 9.162 billion yuan, an increase of 52.40% over the same period of the previous year; The net profit attributable to the owners of the parent company was 1.931 billion yuan, an increase of 52.87% over the same period of last year. The company plans to distribute a cash dividend of 1.7 yuan (tax included) for every 10 shares.

[China Merchants Shekou: net profit in 2024 will decrease by 36.09% year-on-year].

China Merchants Shekou (001979.SZ) released a performance report, with a total operating income of 178.948 billion yuan in 2024, an increase of 2.25% year-on-year; net profit attributable to shareholders of listed companies was 4.039 billion yuan, down 36.09% year-on-year.

[Jiangfeng Electronics: Net profit in 2024 will increase by 56.90% year-on-year].

Jiangfeng Electronics (300666.SZ) released a performance report, with a total operating income of 3.619 billion yuan in 2024, a year-on-year increase of 39.11%; net profit attributable to shareholders of listed companies was 401 million yuan, a year-on-year increase of 56.90%. The change in the company's operating performance was mainly due to the continuous increase in orders from domestic and foreign customers and the continuous growth of operating income; At the same time, the company's strategic layout in the field of semiconductor precision parts has achieved results, and its products have successfully entered the core supply chain system.

[Yealink Network: Net profit in 2024 will be 2.645 billion yuan, a year-on-year increase of 31.55%].

Yealink Network (300628.SZ) released a performance report, with a total operating income of 5.618 billion yuan in 2024, a year-on-year increase of 29.22%, and a net profit attributable to shareholders of listed companies of 2.645 billion yuan, a year-on-year increase of 31.55%.

Financing & Private Placement

[Xinhua Insurance: plans to issue no more than 10 billion yuan of domestic non-fixed term capital bonds].

New China Insurance (601336.SH) announced that it intends to issue domestic indefinite capital bonds with an amount of no more than RMB 10 billion (including RMB 10 billion).

Contract & Project Winning Prize

[Jingshan Light Machinery: A wholly-owned subsidiary received a purchase order of 1.02 billion yuan].

Jingshan Light Machine (000821.SZ) announced that Sankyo Precision, a wholly-owned subsidiary, recently signed a daily purchase order agreement with a wholly-owned subsidiary of a leading lithium battery customer, with a total amount of about 1.02 billion yuan (including tax), accounting for 14.14% of the company's operating income in 2023.

Stock price movements

[Hanjia Design: In 2024, the operating income of AI, large model, and unmanned robot project business will account for 11.8% of the subsidiary's overall operating income].

Hanjia Design (300746.SZ) issued a change announcement, and the company's self-inspection found that as of the company's disclosure date, financial terminals such as Flush and Oriental Fortune showed that the company added the concept of "DeepSeeK" and "robot". The relevant situation is explained as follows: the company's holding subsidiary, Voltaic Technology, is an IT integrated service provider focusing on the field of urban governance digitalization and smart city operation, and in 2024, the operating income of Voltaire Technology's AI, large model and unmanned robot project business will be about 117 million yuan, accounting for about 11.8% of the overall operating income of Voltaire Technology.

Miscellaneous

[Yongan Xing: Terminate the purchase of 65% shares of Shanghai Lianshi Navigation Company].

Yongan Bank (603776.SH) announced that the company originally planned to purchase 65% of the shares of Shanghai Lianshi Navigation Technology Co., Ltd. (hereinafter referred to as "Shanghai Lianshi Navigation") by issuing shares and paying cash and raising matching funds. In view of the failure of the parties to the transaction to reach an agreement on the commercial terms such as the valuation of Shanghai Lianshi, the company intends to terminate the transaction after negotiation.

[Shanghai Silicon Industry: Plans to purchase minority shares and other assets, and stocks will continue to be suspended for no more than 5 trading days].

Shanghai Silicon Industry announced that the company is planning to purchase minority stakes in Shanghai Xinsheng Jingtou Semiconductor Technology Co., Ltd., Shanghai Xinsheng Jingke Semiconductor Technology Co., Ltd., and Shanghai Xinsheng Jingrui Semiconductor Technology Co., Ltd. by issuing shares and paying cash, and raise matching funds. Trading in the company's shares will be suspended from February 24, 2025, and the suspension is expected to last no more than 5 trading days. As the relevant parties are actively promoting the transaction, the company does not expect to be able to resume trading on March 3, 2025. Upon application, the company's shares will continue to be suspended from March 3, 2025, and it is expected that the suspension will continue for no more than 5 trading days.

[Huluwa: Obtained the drug registration certificate of calcitriol soft capsules].

Huluwa (605199.SH) announced that the company recently received the "Drug Registration Certificate" approved and issued by the State Drug Administration for calcitriol soft capsules. Indications for the drug include postmenopausal osteoporosis, chronic renal failure, etc. The company has invested a total of 10.7016 million yuan in research and development. Calcitriol softgels have terminal sales of more than 700 million yuan in China's urban public hospitals and county-level public hospitals. The approval of the drug will further enrich the company's product line, but the production and sales may be affected by changes in the policy and market environment, and there is uncertainty about the performance. Collection

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