[Focus on hot topics]

Qianjiang Biochemical (600796.SH) announced. Recently, the company was concerned that some media incorporated the company into the concept of “synthetic biology.” The company's main business is ecological and environmental protection, biological pesticides, and water services. Among them, the biopesticide business achieved operating revenue of 311 million yuan in 2023, accounting for about 15.30% of total revenue, which is relatively small. The company currently does not involve products or businesses related to synthetic organisms, so it is not involved in the concept of “synthetic biology”. The media noticed that the company set up a molecular biology platform, but the platform was established in March 2024. The time of establishment is short and the investment is minimal. It is mainly used to provide scientific research support for the biological pesticide business, and currently has no related products or revenue.

Tuoxin Pharmaceutical (301089.SZ): Actively carry out research on the application of synthetic biology-related technologies in the field of nucleosides and nucleotide products

Tuoxin Pharmaceutical (301089.SZ) announced an announcement of abnormal fluctuations in stock trading. Recently, the company was concerned that the Internet and some media published reports on “synthetic biology.” Guided by the principles of systems biology and engineering, synthetic biology takes genomic and biochemical molecular synthesis as the core technology. Through biochemistry, biophysics, and bioinformatics, it continuously designs, transforms, and reshapes biomolecules, biological components, and biological differentiation processes, laying a solid foundation for constructing bioactive biological elements, systems, and artificial cells or organisms. In the medical field, synthetic biology is widely used and has broad prospects. Currently, the company is actively carrying out research on the application of synthetic biology-related technologies in the field of nucleosides and nucleotide products. The relevant technology is applied to the production of some products. In 2023, the revenue achieved by such products accounts for less than 5% of operating income, which is relatively low, and there is great uncertainty about future development.

Sichuan Jinding (600678.SH): Hydrogen energy products have yet to generate revenue

Sichuan Jinding (600678.SH) announced an announcement of abnormal fluctuations in stock trading. The company was concerned about discussions on the stock bar, such as Sichuan Xingong Green Hydrogen Technology Co., Ltd., which is a subsidiary of the company, engaged in hydrogen energy-related business and the classification of the company as a hydrogen energy concept. Up to now, the company's hydrogen energy products have not generated revenue.

6-board Azure Biology (603739.SH): Only 1 synthetic biotechnology innovation laboratory has been set up in the field of synthetic biology, and there are no conditions for industrialization

Weilan Biotech (603739.SH) announced an announcement of abnormal fluctuations in stock trading. Recently, the company paid attention to reports on “synthetic biology” published on the Internet and some media. The company's main business is R&D, production and sales of enzyme preparations, microecological preparations, and animal health products. According to the company's 2023 annual report, revenue from enzyme preparations was 44,14.485 million yuan, accounting for 37.49% of main business revenue; revenue from microecological products was 237.1405 million yuan, accounting for 20.14% of main business revenue; revenue from animal health products was 29,723 million yuan, accounting for 25.24% of main business revenue; and revenue from other products was 201.6.28 million yuan, accounting for 17.12% of main business revenue.

The company has set up only 1 synthetic biotechnology innovation laboratory in the field of synthetic biology, which is mainly used to develop functional proteins for feed, sweeteners for food, etc. However, the laboratory has few R&D projects in reserve, small investment amounts, and few professionals. Currently, it is still in the early stages of bacterial laboratory research and development. There is still a big gap between large-scale expansion, and it does not have the conditions for industrialization. The production of synthetic biology products involves production processes such as separation and purification, and the purification process is very difficult. Currently, the company does not have this process and needs to be further developed. At the same time, the future of products may also involve registration and regulatory approval, product selection and marketing, etc. The cycle is long and difficult, and there is significant uncertainty about commercialization. It is expected that it will not have a significant impact on the company's operations over a long period of time. Other than that, the company does not invest in R&D in other fields of synthetic biology.

4 Lianban Industrial Co., Ltd. (603928.SH): Sales of impregnated resin for C919 brake pads of large domestic aircraft are significantly minimal

Societe Generale Co., Ltd. (603928.SH) announced abnormal fluctuations in stock trading. The company's sales of impregnated resin for C919 brake pads for large domestic aircraft were significantly minimal, contributing less than 200,000 yuan to the 2023 annual revenue, accounting for about 0.01% of the main revenue.

[Investment projects]

Cathay Pacific Group (603977.SH): Plans to increase capital in Jiujiang Cathay Pacific to invest in a new energy-containing material production line project

Cathay Pacific Group (603977.SH) announced that it plans to increase the capital of its wholly-owned subsidiary Jiujiang Cathay Pacific by 340 million yuan through its wholly-owned subsidiary Weiyuan Minbang to build a new energy-containing material production line project with an annual output of 3,000 tons to 4,300 tons (multi-variety flexible). After the capital increase was completed, the registered capital of Jiujiang Cathay Pacific increased from 10 million yuan to 350 million yuan. It is still a wholly-owned subsidiary of Weiyuan Minbang, a wholly-owned subsidiary of the company. Two new energy-containing material production lines have been built, with a total annual production capacity of 3,000 tons to 4,300 tons (multi-variety flexibility); supporting the construction of buildings such as raw material storage, production workshops, physico-chemical analysis, wastewater treatment, power centers, etc.; and intelligent manufacturing equipment systems supporting the project. The scale of the project is approximately 1,238 billion yuan.

Duoli Technology (001311.SZ): Plans to invest 900 million yuan to build the Lingang Daya Auto Parts Intelligent Manufacturing Base Project

Duoli Technology (001311.SZ) announced that in order to promote business development, Shanghai Daya Auto Parts Co., Ltd. (“Shanghai Daya”), a wholly-owned subsidiary of Chuzhou Duoli Automobile Technology Co., Ltd., plans to sign an “Investment Agreement” with the Lingang New Area Management Committee of the China (Shanghai) Pilot Free Trade Zone, with a total investment of 900 million yuan to invest in the Lingang Daya intelligent manufacturing base project in the Lingang New Area.

[Contract won the bid]

Dayu Water Conservation (300021.SZ): The consortium won the bid for the 2024 50,000-mu high-standard farmland demonstration zone construction project in Puyang County, Henan Province

Dayu Water Saving (300021.SZ) announced that a consortium formed by the Puyang Public Resources Exchange Center in Henan Province issued the “2024 Puyang County 50,000 Mu High Standard Farmland Demonstration Zone Construction Project (EPC+O Model)”. Gansu Dayu Water Conservation Group Water Resources and Hydropower Engineering Co., Ltd., a wholly-owned subsidiary of Dayu Water Conservation Group Co., Ltd. and Puyang Kaizhou Investment Group Co., Ltd., Henan Longbang Survey, Planning and Design Engineering Co., Ltd. and Henan Funong Technology Co., Ltd. won the bid for the 2024 50,000 mu high-standard farmland demonstration zone construction project in Puyang County, Henan Province. The estimated total investment of the project was 150 million yuan, and the number of acres tendered was 50,000 mu; of these, it involved 38 administrative villages in 4 towns, Luhe Town, Wenliu Town, Liutun Town, and Zi'an Town.

Jiacheng International (603535.SH): Will provide Xiyin with warehousing and distribution services in logistics centers such as Foshan, Zhaoqing, and Heshan in Guangdong Province

Jiacheng International (603535.SH) announced that it has recently received two “Notice of Winning Bid” from Xiyin Company's wholly-owned subsidiary (collectively known as “Party A”). The company will provide Party A with warehousing and distribution services at logistics centers in Foshan, Zhaoqing, and Heshan in Guangdong Province. For the third-party logistics service that the company won the bid for, the company provided warehouses, was responsible for Party A's cross-border e-commerce logistics service projects in Foshan City, Zhaoqing City and Heshan City in Guangdong Province, and signed related service contracts with Party A. This service contract includes, but is not limited to, warehousing (receipt points of goods, listing, return, warehouse handling, reverse reception, abnormal handling, operation management, etc.), transportation (loading and unloading trucks, cargo transportation, etc.) and other related services. Party B provides Party A with a logistics center of about 130,000 square meters, with an estimated business volume of about 1.6 million units/day of integrated warehousing and distribution services. The package was eventually shipped by air to overseas markets such as Europe and America. The target of the service is all of Party A's existing products, mainly fast fashion, beauty, etc. Based on the full fiscal year, the contract's annual revenue is estimated to be about 300 million yuan, exceeding more than 10% of the company's total audited revenue in 2023.

Nachuan Co., Ltd. (300198.SZ): Shanghai Nachuan signed a procurement contract of 259.306 million yuan

Nachuan Co., Ltd. (300198.SZ) announced that recently, Shanghai Nachuan and Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. signed the “Guangdong Lianjiang Nuclear Power Project Phase I Project Water System HDPE Pipeline Equipment Purchase Contract”, with a contract amount of 259.306.41 million yuan.

Changgao Dianxin (002452.SZ): Wholly-owned subsidiaries won a total bid of about 229 million yuan for the National Grid Project

Changgao Electric (002452.SZ) announced that on May 8, 2024, the e-commerce platform of China Grid Co., Ltd. issued the “State Grid Co., Ltd. 2024 16th Batch Procurement (Second Substation Equipment (Including Cable) Bidding Notice)” and “State Grid Co., Ltd. 2024 17th Batch Procurement (Single Source Procurement of Second Substation Equipment for Transmission and Transformation Projects)” “State Grid Co., Ltd. 2024 18th Batch Procurement (First 35-110 kV Equipment Agreement Inventory Bidding and Procurement for Transmission and Transformation Projects) ”. Hunan Changgao Electric Co., Ltd., Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Senyuan Electric Equipment Co., Ltd., and Hunan Changgao Complete Electric Appliance Co., Ltd., which are wholly-owned subsidiaries of Changgao Electronics Technology Co., Ltd. (hereinafter referred to as the “Company”), won bids for three categories of products: combined electrical appliances, isolators, and switch cabinets. In the above tender project, the four wholly-owned subsidiaries won a total of 228.7616 million yuan.

[[Share acquisition]

Starlight Co., Ltd. (002076.SZ) announced that on May 8, 2024, Guangdong Starlight Investment Holdings Co., Ltd. (“Starlight Investment Control”), a wholly-owned subsidiary of Guangdong Starlight Development Co., Ltd., Guangzhou Tianxin Quantum Information Technology Co., Ltd. (“Tianxin Quantum” or “Target Company”) signed an investment agreement with Guangzhou Tianxin Quantum Information Technology Co., Ltd. (“Tianxin Quantum” or the “Target Company”), a wholly-owned subsidiary of Guangdong Starlight Development Co., Ltd. (“Starlight Investment Control”), and Guangzhou Tianxin Quantum Information Technology Co., Ltd. (“Tianxin Quantum” or the “Target Company”) signed an investment agreement with Guangzhou Tianxin Quantum Technology Co., Ltd. (“Tianxin Quantum” or the “Target Company”), a wholly-owned subsidiary of Guangdong Starlight Development Co., Ltd. Acquire 40% of the shares of Tianxin Quantum's original shareholders and increase Tianxin Quantum's capital with 4 million yuan in cash. After the share acquisition and capital increase is completed, Starlight Investment Holdings or its designated related third party will hold 51% of Tianxin Quantum's shares. Tianxin Quantum will become the company's holding subsidiary and be included in the scope of the company's consolidated statements.

[Business data]

Guangzhou Automobile Group (601238.SH): Automobile sales fell 24.78% year on year in April

Guangzhou Automobile Group (601238.SH) announced the April 2024 production and sales report. Automobile production in April was 146,278 units, down 17.39% year on year, with cumulative production of 549,081 vehicles, down 25.89% year on year; car sales in April were 133,313 units, down 24.78% year on year. The cumulative sales volume for this year was 543,011 vehicles, down 24.28% year on year.

Dongfeng Motor (600006.SH): Total vehicle sales volume in April was 13,125 units

Dongfeng Motor (600006.SH) released its April production and sales data report. The total sales volume for the year was 13,125 vehicles, with a cumulative sales volume of 58,357 vehicles this year.

Jinlong Motor (600686.SH): April bus sales volume of 3,758 vehicles fell 12.48% year on year

Jinlong Motor (600686.SH) released its April production and sales data report. Bus sales volume was 3,758 vehicles, down 12.48% year on year.

JAC (600418.SH): Total sales volume in April was 31,896 vehicles, down 12.95% year on year

JAC (600418.SH) announced its April production and sales report. Total sales volume was 31,896 vehicles, down 12.95% year on year.

[Repurchase]

Haitai Xinguang (688677.SH): Plans to buy back shares for 26 million yuan to 50 million yuan

Haitai Xinguang (688677.SH) announced that the company plans to repurchase the company's shares for 26 million yuan to 50 million yuan, at a repurchase price of no more than 69 yuan/share.

Seodaemun (605155.SH): Plans to spend 20 million yuan to 40 million yuan to buy back shares

Seodaemun (605155.SH) announced that the shares repurchased will be used for employee stock ownership plans or equity incentives. The total repurchase capital is not less than RMB 20 million (inclusive) and not more than RMB 40 million (inclusive), and the share repurchase price is not more than RMB 14.04 per share (inclusive).

Jinlei Co., Ltd. (300443.SZ): Plans to spend 80 million yuan to 120 million yuan to buy back shares

Jinlei Co., Ltd. (300443.SZ) announced that the company plans to use its own funds to repurchase some of the company's A-shares through centralized bidding transactions to protect the company's value and shareholders' rights. The repurchase amount shall not be less than RMB 80 million (inclusive) and not more than RMB 120 million (inclusive); the repurchase price shall not exceed RMB 31 per share (inclusive).

*ST Xinning (300013.SZ) announced that Suqian Jingdong Zhenyue Enterprise Management Co., Ltd. (hereinafter referred to as “JD Zhenyue”), the shareholder holding 22,336,311 shares of the company's total share capital (5% of the company's total share capital), plans to reduce its holdings by no more than 13,400,613 shares (3% of the company's total share capital) through centralized bidding and bulk transactions.

Taihe Technology (300801.SZ): The controlling shareholder, actual controller, and chairman of the board, all actors and executives plan to increase the company's shares by a total of 5.45 million yuan to 10.9 million yuan

Taihe Technology (300801.SZ) announced that on May 8, 2024, the company received the “Notice Letter on the Share Increase Plan” issued by the company's controlling shareholder, actual controller and chairman Mr. Cheng Zhongmin, the younger brother of Mr. Li Jingjuan, the younger brother of Mr. Li Jingjuan, and his spouse, Ms. Xie Xiaoxiao, the brother-in-law of Mr. Cheng Jingfa, and Mr. Liu Quanhua, the company's deputy general manager. The above personnel announcements are based on confidence in the company's future prospects and acceptance of the company's investment value. Within a month (except The total amount to increase the company's shares is not less than RMB 5.45 million (including capital) and not higher than RMB 10.9 million (including capital), and not higher than RMB 10.9 million (including capital). The price range for this increase plan is no more than 18 yuan/share (including capital).

Xianhe Co., Ltd. (603733.SH): The actual controller, Wang Minwen, plans to increase the company's shares by 30 million yuan to 50 million yuan

Xianhe Co., Ltd. (603733.SH) announced that based on his confidence in the company's future development and recognition of the company's long-term investment value, Mr. Wang Minwen, plans to use his own capital to increase his A-share holdings through methods permitted by the Shanghai Stock Exchange within 6 months from May 9, 2024. The cumulative amount of shares to be increased is not less than RMB 30 million and no more than RMB 50 million.

Xianheng International (605056.SH): Goldman Sachs Asia's strategy plans to reduce its holdings by no more than 3%

Xianheng International (605056.SH) announced that recently, the company received a “Notice Letter on the Share Reduction Plan” from Goldman Sachs Asia Strategy and learned that Goldman Sachs Asia's strategic plan is to reduce its total holdings of the company's shares by no more than 12,341,265 shares through centralized bidding and bulk transactions, with a reduction ratio of no more than 3% of the company's total share capital.

[Other]

Shaoyang Hydraulic (301079.SZ): Proposed capital increase of no more than 150 million yuan from the controlling shareholder

Shaoyang Hydraulic (301079.SZ) announced a plan to issue shares to specific targets for 2024. The number of shares issued to specific targets this time was no more than 15,368,852 shares (including shares), accounting for 13.93% of the company's total share capital before this issuance, and did not exceed 30% of the company's total share capital before this issuance. The price of issuing shares to specific targets this time is 9.76 yuan/share, and the issue price is not lower than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date. The target of this distribution to a specific audience is Mr. Su Wuhong. Mr. Su Wuhong is the controlling shareholder and actual controller of the company, and is the chairman of the company. The issuance of shares to a specific target constituted a related transaction. The total amount of capital raised by issuing shares to specific targets this time is no more than 150 million yuan (including the number of shares), and the net amount of capital raised after deducting issuance fees will be used to supplement working capital.

Tianjin Pulin (002134.SZ): Plans to raise no more than 90 million yuan to invest in PCB intelligent manufacturing technology improvement projects through simple procedures

Tianjin Pulin (002134.SZ) announced plans to issue shares to specific targets in 2024 using a simple procedure. The total capital raised in this offering is no more than RMB 90,000,000 (including the number of shares), no more than RMB 300 million, and no more than 20% of net assets at the end of the most recent year; the net amount of capital raised after deducting the relevant issuance fees is to be invested in PCB intelligent manufacturing technology reform projects.

Lizhong Group (300428.SZ): Received a targeted notice from the customer's project. The total sales volume during the project period is estimated to be about 1.41 billion yuan

Lizhong Group (300428.SZ) announced that its subsidiary, Tianjin Lizhong Wheel Co., Ltd. (hereinafter referred to as “Lizhong Wheel”), recently received a fixed-point notice (limited to a confidentiality agreement and unable to disclose its name, hereinafter referred to as “Customer 1”) and an internationally renowned automobile manufacturer (hereinafter referred to as “Customer 2”). The customer 1 project is expected to begin mass production in the second half of 2026. The project life cycle is 4-5 years, with an estimated sales amount of about 210 million yuan; the customer 2 project is expected to begin mass production in April 2025. The project life cycle is 5 years, and the estimated sales amount during the project cycle is about 1.2 billion yuan. Client 1 and Client 2 expect total sales of approximately $1.41 billion during the project period. This targeted project does not rule out the possibility of joint use of the product with other projects in the future.