Today's Spotlight

1. China Shipbuilding: The subsidiary signed a shipbuilding contract of 18 billion yuan to 19 billion yuan

China Shipbuilding (600150.SH) announced that its wholly-owned subsidiary, Jiangnan Shipbuilding, signed a contract with a shipowner for the construction of a batch of 18,000 TEU LNG dual-fuel container ships, with a contract amount of between 18 billion yuan and 19 billion yuan. This order is a large container ship that Jiangnan Shipbuilding conforms to the latest international green energy container ship design concept, completely independently develops and designs, and meets the latest rules and specifications. Due to the long performance period of the contract, the Company will recognize revenue according to the revenue standard, which will not have a significant impact on the Company's current profit. If the transaction is successfully implemented, it will have a positive impact on the company's future operating income and profit.

2. Gree Electric Appliances: Jinghai Internet plans to increase its holdings of 1.05 billion yuan to 2.1 billion yuan of the company's shares

Gree Electric Appliances (000651.SZ) announced that recently, the company received more than 5% of the company's shares of Tokyo Sea Internet Technology Development Co., Ltd. (hereinafter referred to as "Jinghai Internet") issued by the "Notice Letter on Increasing the Shares of Zhuhai Gree Electric Appliances Co., Ltd.", Jinghai Internet intends to increase its holdings of the company's shares through centralized bidding with its own funds and special loans from financial institutions within six months from the date of this announcement. There is no price range for this increase, and the amount of shares to be increased is not less than 1.05 billion yuan and not more than 2.1 billion yuan.

3. Xinxiangwei: Plans to purchase the control of Aixiesheng shares are suspended

Xinxiangwei (688593.SH) announced that the company is planning to purchase the control of Shenzhen Aixiesheng Technology Co., Ltd. by issuing shares and paying cash, and at the same time raise matching funds. After preliminary communication, this transaction is expected to constitute a major asset restructuring. Trading in the company's shares has been suspended since the market opened on March 3, 2025, and will continue to be suspended on March 4, 2025, and the suspension is expected to last no more than 5 trading days. The business scope of Aixierson is: design, development, testing and sales of integrated circuit products.

4. 3 boards Shanghai Xiba: The company's solid-state battery-related business has not yet received bulk orders

Shanghai Xiba (603200.SH) issued a stock trading risk reminder announcement, saying that 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 obtained bulk orders, and 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.

5. Oriental Zirconium: The samples provided by the company have been preliminarily approved by some solid-state battery material manufacturers for R&D and trial, and large-scale sample experiments will be carried out in the future

Oriental Zirconium (002167.SZ) issued an announcement on abnormal fluctuations in stock trading, saying that the company's stock trading price has deviated from the closing price by more than 20% for two consecutive trading days, which is an abnormal fluctuation in stock trading. After verification, there is no need to correct or supplement the information disclosed by the company in the early stage, and the current production and operation are normal, and there have been no major changes in the internal and external business environment. The samples provided by the company have been preliminarily approved by some solid-state battery material manufacturers for R&D and trial, and large-scale sample experiments will be carried out in the future.

6. Goertek: The application materials for the filing of H shares issued by subsidiaries were accepted by the China Securities Regulatory Commission

Goertek announced in the evening that the company intends to spin off its subsidiary Goertek Microelectronics Co., Ltd. (hereinafter referred to as "Goertek") to the main board of the Stock Exchange of Hong Kong Limited (hereinafter referred to as "Hong Kong Stock Exchange") for listing. Goertek has submitted an application to the Hong Kong Stock Exchange for an initial public offering of overseas listed foreign shares (H shares) and listing on the main board of the Hong Kong Stock Exchange. Goertek has submitted the application materials for the issuance and listing to the China Securities Regulatory Commission in accordance with the relevant regulations, and has recently been accepted by the China Securities Regulatory Commission.

7. Crestec: The configuration of UPS in the data center is still dominated by lead-acid battery solutions The company has a trend of domestic substitution in the data center industry

Crestec (002518.SZ) said in the record sheet of investor relations activities that there is a certain trend of domestic substitution in the domestic data center industry, especially in the communications, finance, government and other industries. The configuration time of a data center UPS generally ranges from 5 minutes to 1 hour. Although lithium batteries have the advantages of high energy density, small space occupation, and high cycle times, there is a risk of thermal runaway and is easy to cause fire and explosion. Lead-acid batteries have a long history of use, mature technology and relatively high stability, but they occupy a large space. For safety reasons, domestic data centers are still mainly equipped with lead-acid batteries. In addition, Crestec said that the energy storage business still has a large space to be developed in the global market, especially in the vast emerging markets, and the company is also constantly expanding new channels in Asia, Africa and Latin America.

8. Fengmao shares: has made preliminary technical discussions and exchanges with Unitree Technology on the application of products in robots

Fengmao Co., Ltd. (301459.SZ) recently said in the roadshow that the company has made preliminary technical discussions and exchanges with Unitree Technology on the application of products in robots. With years of technical accumulation and product development experience, the company is currently actively developing and promoting related products in the field of robots.

9. Zhite New Materials: Signed a strategic cooperation agreement with Quantum Innovation Center and Micro Era

Zhite New Materials (300986.SZ) announced that recently, the company signed a "strategic cooperation agreement" with the Yangtze River Delta Industrial Innovation Center of Quantum Technology and Hefei Micro Era Digital Technology Co., Ltd. to promote the industrial application and implementation of artificial intelligence and quantum technology in the field of new materials, and to cooperate with the industrial application and landing of quantum technology in the field of new materials. The cooperation includes: jointly building a new material R&D and manufacturing system supported by quantum technology and artificial intelligence, promoting the transformation and industrial application of quantum scientific and technological achievements, and helping to cultivate innovative talents in related fields.

10. Dongzhu Ecology: It will follow the pace of the national dual carbon policy and strive to strengthen the strategic layout in the field of carbon sinks to generate income

Thayer shares (300473.SZ) announced that based on the abnormal fluctuation of the company's stock trading price, the company noticed that the recent "solid-state battery concept" has attracted greater attention from the market. The company's verification and explanation are as follows: the company has established a Japanese subsidiary since 2018 to carry out the research and development of solid-state battery products, and the company's sample trial production line in Shanghai has been completed and used, but the current solid-state battery products are still in the development and trial production stage, and have not yet obtained orders and generated revenue. The above matters will not have a significant impact on the company's 2025 annual results. Investors are advised to make rational decisions, invest prudently, and pay attention to investment risks.

11. Hitevision Technology's special dividend plan: 10 cash dividends of 12.81 yuan are planned

Hitevision Technology (002955.SZ) announced that the company plans to pay a special dividend plan as follows: the company intends to distribute a cash dividend of 12.81 yuan (tax included) to all shareholders for every 10 shares. A total cash dividend of 300 million yuan (tax included) is proposed. This special dividend will not give bonus shares, and no provident fund will be converted into share capital.

12. Youfa Group: The holding subsidiary signed an agreement related to OTC derivatives trading

Youfa Group (601686) announced that Youfa Supply Chain, a holding subsidiary of the company, signed the "Master Agreement on Derivatives Trading in China's Securities and Futures Market" and related supplementary agreements with Hongyuan Hengli, Zhongtai Huirong and Shanghai Haitong respectively, and planned to carry out over-the-counter derivatives trading. These agreements aim to mitigate the risk of price fluctuations in the Company's raw materials and finished products, and to optimize and improve the supply chain management mechanism.

13. Hongqi Chain: Ongoing R&D and innovation of robot unmanned vending system

Hongqi Chain (002697) announced that while deeply cultivating the regional market in Chengdu, in order to better serve the living needs of residents in other parts of the province, the company is increasing the channel sinking in Sichuan Province. In order to accelerate technological innovation, the company is conducting R&D and innovation of unmanned robot vending systems, and integrates core technologies such as AI visual recognition and intelligent path planning by cooperating with leading humanoid robot companies to create intelligent retail solutions with both flexibility and commercial value. At the same time, the company actively lays out the talent strategy in the field of AI, hoping to introduce high-tech talents in the field of AI in the future, strengthen core capabilities such as algorithm optimization and robot autonomous decision-making, and promote technology iteration and scenario expansion.

14. Haixing Power: Signed a strategic cooperation agreement with Kerun Intelligent Control to promote the expansion of transformer products in overseas markets

Haixing Electric Power (603556) announced that the company and Kerun Intelligent Control Co., Ltd. (hereinafter referred to as "Kerun Intelligent Control") recently signed a "strategic cooperation agreement", with the goal of promoting the expansion of transformer products in overseas markets, giving full play to the core advantages of both parties in their respective fields, and establishing a long-term, stable and deeply integrated strategic cooperative relationship. The cooperation includes: Exclusive agency cooperation: Kerun Intelligent Control grants Haixing Power the exclusive agency right in specific overseas regions, and Haixing Power is exclusively responsible for the marketing, sales, customer service and other related businesses of Kerun Intelligent Control transformer products in the region. Relying on its overseas market resources and operational capabilities, Haixing Power formulates marketing strategies that meet the needs of local markets, actively expands sales channels, and increases product market share.

15. Cambrian: As of February 28, share repurchase has not been implemented

Cambrian (688256.SH) announced that as of February 28, 2025, the company has not implemented share repurchases. The company held a board meeting on July 26, 2024 to deliberate and approve the repurchase plan, and intends to use its own funds to repurchase shares through centralized bidding transactions for employee stock ownership plans or equity incentives, with a repurchase price of no more than 297.77 yuan per share, and a total repurchase fund of not less than 20 million yuan and no more than 40 million yuan, and the repurchase period is within 12 months from the date of deliberation and approval by the board of directors.

16. Yuyue Medical: The company's automated external defibrillator (AED) has obtained the EU MDR certification

Yuyue Medical (002223.SZ) announced that the company's self-developed automatic external defibrillator (AED) products have obtained the EU MDR certification and have the latest access conditions for the EU market. This certification is the result of the iterative upgrading of the company's products in the field of first aid, and will promote the company's first aid business in the global market, especially in the EU countries and other countries that recognize the EU MDR certification. However, the actual sales of products in the future are affected by a variety of factors, and there is uncertainty about the impact on the company's performance.

17. Guodian Electric Power: Invest 4.51 billion yuan to build the Dadu River Eagle Rock Grade 1 Hydropower Station Project

Guodian Power (600795.SH) announced that the company will increase its capital by 919.61 million yuan to its holding subsidiary Guoneng Dadu River Basin Hydropower Development Co., Ltd. for the construction of the Dadu River Eagle Rock Hydropower Station Project. The total installed capacity of the project is 300,000 kilowatts, with a total dynamic investment of 4,507.89 million yuan, 30% of the capital ratio, and the rest is solved through bank loans. The project is located in Shimian County, Ya'an City, Sichuan Province, and is a key construction project in the "14th Five-Year Plan" energy development plan of Sichuan Province.

18. China Resources Shuanghe: Dongying Tiandong Pharmaceutical Co., Ltd., a holding subsidiary, passed the GMP compliance inspection

China Resources Shuanghe (600062.SH) announced that Dongying Tiandong Pharmaceutical Co., Ltd., a subsidiary of the company, recently received the "Drug GMP Compliance Inspection Notice" issued by the Shandong Provincial Drug Administration, and the inspection scope is APIs (heparin sodium, nadroparin calcium). This drug GMP compliance inspection is the first inspection before the marketing of the new process of heparin sodium API and nadroparin calcium API, and no funds have been invested. The new process of heparin sodium API has obtained the "Notice of Approval of Marketing Application for Chemical API" issued by the State Drug Administration, and the nadroparin calcium API is under review and approval.

19. Samsung Medical: A wholly-owned subsidiary won the bid for a 115 million yuan project

Samsung Medical (601567.SH) announced that the company's wholly-owned subsidiary, Oaks Intelligent Technology, won the bid in the "Longyuan Power 2025-2026 New Energy Project 35kV Box Transformer and Accessory Equipment Framework Procurement Public Bidding", with a total amount of about 115 million yuan. The performance of the contract will have a positive impact on the operation and operating performance of Oaks Intelligent Technology, but will not have an impact on the company's business and operational independence.

Operational performance

Zhangyuan tungsten industry performance express: net profit of 177 million yuan in 2024, an increase of 23.25% year-on-year

Zhangyuan Tungsten (002378) released a performance report, with an operating income of 3.673 billion yuan in 2024, a year-on-year increase of 8.02%; the net profit attributable to the parent company was 177 million yuan, a year-on-year increase of 23.25%; Basic earnings per share was 0.15 yuan. During the reporting period, the price of tungsten products rose, the company closely followed the annual business objectives, strictly adhered to the bottom line of safety and environmental protection, drove business development through continuous technological innovation, developed new products to expand market space, optimized customer service capabilities, and promoted digital construction to empower production and operation, and maintained a steady development trend in the fluctuating market environment.

Aerospace Intelligent Manufacturing: Net profit in 2024 will be 791 million yuan, a year-on-year increase of 86.77%.

Aerospace Intelligent Manufacturing (300446.SZ) announced that the total operating income in 2024 will be 7.781 billion yuan, a year-on-year increase of 32.78%; net profit attributable to shareholders of listed companies was 791 million yuan, a year-on-year increase of 86.77%. The performance growth was mainly due to the improvement of the performance of the auto parts segment and the good control of costs and expenses. At the same time, the company's net profit after deducting non-recurring gains and losses increased by 212.83% year-on-year, mainly due to the recognition of non-recurring gains and losses in the first half of 2023 generated by subsidiaries added by business combinations under the same control in 2023.

Repurchase & increase or decrease holdings

Jinhui shares: the shareholder green mine fund has not implemented the shareholding reduction plan after the expiration of the time

Jinhui shares (603132) announced that on November 8, 2024, the company disclosed the "Announcement on the Share Reduction Plan of More than 5% Shareholders of Jinhui Shares", Gansu Green Mineral Investment and Development Fund (Limited Partnership) (hereinafter referred to as "Green Mine Fund") intends to reduce its holdings of the company's shares by no more than 9.78 million shares through centralized bidding transactions due to its own capital needs, and the reduction ratio does not exceed 1% of the company's total share capital; The reduction of shares through block trading shall not exceed 19.56 million shares, and the reduction ratio shall not exceed 2% of the company's total share capital. As of the disclosure date of the announcement, the time of the shareholding reduction plan has expired, and the green mine fund has not implemented the shareholding reduction.

Zhuye Group: Shareholder Xiangtou Jinye did not reduce its shareholding as planned

Zhuye Group (600961) announced that the company received the "Notification Letter on the Results of Reducing the Shares of Zhuye Group" issued by Hunan Xiangtou Jinye Private Equity Investment Fund Enterprise (Limited Partnership) (hereinafter referred to as "Xiangtou Jinye"), which accounts for 6.09% of the company's total share capital. On November 11, 2024, Xiangtou Jinye plans to reduce the number of shares of the company by centralized bidding transactions by no more than 10,728,700 shares, and the reduction ratio will not exceed 1% of the total number of shares of the company.

Shunhao shares: It is planned to repurchase the company's shares for employee stock ownership plans or equity incentives with no more than 1000000 yuan

Shunhao shares (002565.SZ) announced that the company plans to use no more than 10000000 yuan of its own funds or special repurchase loan funds to repurchase the company's shares, and the repurchase price does not exceed 4.55 yuan per share for the implementation of employee stock ownership plans or equity incentives.

Dinggu Jichuang: plans to repurchase 20 million yuan to 35 million yuan of shares

Dinggu Jichuang (300749.SZ) announced that the company's board of directors agreed to repurchase part of the public shares with its own funds and special loan funds for stock repurchase through centralized bidding transactions, which will be used for the later implementation of employee stock ownership plans or equity incentive plans. The total amount of repurchase funds shall not be less than 20 million yuan (inclusive) and not more than 35 million yuan (inclusive), the repurchase price shall not exceed 9.60 yuan per share, and the repurchase implementation period shall be within 12 months from the date of deliberation and approval by the board of directors. At the same time, the company's management is authorized to handle matters related to the repurchase of shares within the scope of laws and regulations.

Miscellaneous

Three Squirrels: It is planned to incubate the "second brain" of the coffee category sub-brand

Three Squirrels (300783.SZ) announced that the company invested in the establishment of a wholly-owned subsidiary, Wuhu Second Brain Coffee Co., Ltd., to incubate a new sub-brand of "Second Brain" and focus on the coffee category. The wholly-owned subsidiary has completed the industrial and commercial registration and obtained the business license, with a registered capital of 5 million yuan, and its registered address is located in Sunshine City, No. 8, Eshan East Road, Yigang Street, Yijiang District, Wuhu City, Anhui Province.

Guangzhou Port: The cargo throughput in February is expected to be 40.78 million tons, a year-on-year increase of 13.7%.

Guangzhou Port (601228.SH) announced that it is expected to complete a container throughput of 1.817 million TEUs in February 2025, a year-on-year increase of 18.1%; It is estimated that the cargo throughput will be 40.78 million tons, a year-on-year increase of 13.7%. From January to February 2025, the company expects to complete a container throughput of 3.945 million TEUs, a year-on-year increase of 7.5%; It is estimated that the cargo throughput will be 85.805 million tons, a year-on-year increase of 3.5%. The announcement reminds that the above data is a quick statistical data and may be different from the final actual data.

Fulongma: In February, the total contract amount of 5 sanitation service projects was 339 million yuan

Fulongma (603686) announced that the company won 5 bids for environmental sanitation service projects in February, with a total service fee of 117 million yuan in the first year (accounting for 2.28% of the company's audited operating income in 2023), a year-on-year increase of 28.26%; The total value of the contract is 339 million yuan.

Junxin Co., Ltd.: Sun Company signed a framework agreement with the Osh Municipal Government for the waste science and technology disposal project

Junxin Co., Ltd. (301109) announced that Dai Daoguo, general manager of Junxin Environmental Protection (Kyrgyzstan) Investment Co., Ltd., a wholly-owned subsidiary of the company, and Zhenishbek Toktorbayev, mayor of Osh City Government of the Kyrgyz Republic, signed the "Osh City Waste Science and Technology Disposal Project Framework Agreement" on March 3. If the Osh City Waste Technology Disposal Project (the waste treatment scale is expected to process 2,000 tons per day) agreed in the framework agreement is successfully implemented, it will be another major achievement in overseas market expansion after the company successfully obtained the concession right of the Bishkek City Waste Science and Technology Disposal Power Generation Project (planned waste treatment capacity of 3,000 tons/day) in 2024, which will help expand the company's business territory and find a new breakthrough in the relatively saturated and competitive market environment of the domestic market. Provide the company with new performance growth points and enhance the company's profitability and core competitiveness.

Zhongcheng Co., Ltd.: Carry out inverter and other related equipment procurement business with related parties

Zhongcheng Co., Ltd. (000151.SZ) announced that the company and its subsidiary Singapore Yade Co., Ltd. plan to sign the "Bulgaria St. George 225MWp photovoltaic power station project inverter sales contract" with China Machinery Europe Co., Ltd. (hereinafter referred to as "China Machinery Europe"), the company and its subsidiaries to provide inverter and other related equipment procurement and export, transportation, agency and other services for the project, the contract amount does not exceed 50 million yuan. This transaction constitutes a connected transaction.

Wanchen Group: Chairman Wang Jiankun was detained and placed on file for investigation

Wanchen Group (300972.SZ) announced that the company recently received a notice issued by a national supervision commission that Wang Jiankun, chairman of the company, was detained and investigated, and the matters involved have nothing to do with the company, and as of the date of this announcement, the company has not been asked to assist in the investigation. Now, with the unanimous consent of more than half of the directors of the board of directors of the company, during the period when Mr. Wang Jiankun is unable to perform the duties of the chairman, Wang Liqing, director and general manager of the company, will perform the relevant duties of the chairman of the board of directors of the company and the duties of a member of the special committee of the board of directors of the company.

Tianhe Magnetics: The company temporarily unmanned robot-related business

Tianhe Magnetics (603072.SH) announced that the company's shares on February 27, February 28 and March 3, 2025 for three consecutive trading days, the daily closing price increase deviation has reached 20%, which is an abnormal fluctuation in stock trading. According to the company's self-inspection, the current production and operation activities are normal, the market environment and industry policies have not undergone major adjustments, production costs and sales have not fluctuated significantly, and the internal production and operation order is normal. The company has paid attention to the recent market attention to the concept of humanoid robots, and the company has no related business, and the company's current operating performance is not affected.

ATXUN: At present, the business situation is normal

Aotexun (002227.SZ) announced that the company's shares have deviated from the closing price of more than 20% for two consecutive trading days, which is an abnormal fluctuation in stock trading. After verification, the information disclosed by the company in the early stage does not need to be corrected or supplemented, and no undisclosed material information has been reported by the public media recently that may or has had a greater impact on the company's stock trading price, the company's current business situation is normal, there have been no major changes in the internal and external business environment, and the company's controlling shareholders and actual controllers do not have major matters that should be disclosed but have not been disclosed, or major matters in the planning stage.

Solar: The subsidiary plans to purchase real estate for 367 million yuan

Solar Energy (000591.SZ) announced that the company's wholly-owned subsidiary, Solar Energy Technology Co., Ltd., plans to purchase 13 properties in Building 12, Building 12, China Energy Conservation Hui Center Project, Xihongmen Town, Daxing District, Beijing, developed and constructed by CECEP First (Beijing) Construction Co., Ltd., with a construction area of 10,144.25 square meters, which will be used as a centralized office space for solar energy technology companies and companies. The total transaction price was 367,221,850 yuan (including VAT). The source of funds for this transaction is the company's self-raised funds.

Hainan Rubber: Signed an insurance agreement for the 2025 rubber income insurance project

Hainan Rubber (601118.SH) announced that the insurance amount was 1.53 billion yuan. The insurance period is from January 1 to December 31, 2025, and the subject of the insurance is the natural rubber dry rubber produced by natural rubber trees. The insurance premium is 229.5 million yuan, of which the policyholder bears 20% or 45.9 million yuan, the remaining 80% is subsidized by the central government 45% or 103.275 million yuan, and Hainan Province subsidizes 35% or 80.325 million yuan. The insurance agreement can reduce the impact of the decline in natural rubber prices on the company, which is conducive to stabilizing the development of the main rubber business.

This article is reprinted from "Tencent Self-selected Stocks", Zhitong Finance Editor: Liu Xuan.