Focus on hot topics

Shandong Gold Phoenix (603586.SH) issued a risk alert announcement on stock trading. The company's stock has risen for five consecutive days since June 20, 2024, with a cumulative increase of 61.10%, while the same period of the Shen Wan auto parts index and the Shanghai Composite Index fell -1.79% and -1.51% respectively. The short-term increase of the company's stock price is higher than that of the industry and the Shanghai Composite Index in the same period, indicating an overheated market sentiment. The company's revenue scale is relatively small, and its profitability is relatively limited.

Beijing New Space Technology (605178.SH): Joint venture has no AI related technology.

Beijing Newspace Technology (605178.SH) issued a risk alert announcement on stock trading. The company's stock has risen by 47.51% since June 18, 2024, and the short-term increase is large and has clearly deviated from the growth rate of the industry and the Shanghai Composite Index. There may be irrational speculation risks. The company's fundamentals have not undergone major changes. On June 14, 2024, the company participated in the establishment of Beijing Shanhai Shikong Zhiyou Technology Co., Ltd., with a registered capital of 50 million yuan. The company's share accounted for 40%, and it has been paid in full. The establishment of the company aims to expand cultural tourism business. There is no reserve of artificial intelligence related technology, personnel, and business and the enterprise has not yet carried out any operation. This will not affect the company's operation.

Investment project:

Shenzhen Zhongjin Lingnan Nonfemet (000060.SZ): Plans to invest 913 million yuan in building the first phase of the Fankou lead-zinc ore resource integration and enlargement project at the Shilingdong mining area of 300,000 tons per year.

Shenzhen Zhongjin Lingnan Nonfemet (000060.SZ) announced that the company held the 31st meeting of the ninth board of directors on June 25, 2024. They approved the proposal on investment in the construction of the first phase of the Fankou lead-zinc ore resource integration and enlargement project at the Shilingdong mining area of 300,000 tons per year. The project aims to achieve the continuity of mineral resources and the high-quality development of mining enterprises, and to achieve the stable production target of Fankou lead and zinc mine. The company plans to invest 913 million yuan in the construction of the project. The project will expand the mining area of the Fankou lead-zinc mine to 4.314 square kilometers, with a new addition of lead-zinc reserves of 666,500 tons within the mine license area. The company will carry out mining engineering construction, using underground mining methods to mine lead, zinc, silver, and pyrite, and the mining elevation ranges from -750 meters to 248.7 meters. The project aims to produce 300,000 tons of ore annually at the Shilingdong mining area after reaching production.

Defu Technology (301511.SZ): Plans to invest about 2 billion yuan in building a 30,000-ton electronic chemical project.

Defu Technology (301511.SZ) announced that the company signed a contract with the People's Government of Ruichang City on June 25, 2024, to build a 30,000-ton electronic chemical project (in two phases) with a planned investment of about 2 billion yuan. The electronic chemical products produced by the project are mainly the raw materials of the company's electrolytic copper foil additives. Based on strategic development needs, the project aims to extend the upstream industrial chain and help to further enhance the company's comprehensive competitiveness.

Asia Vets (301320.SZ): Plans to invest 240 million yuan to build a new electronic factory project for Asia Vets.

Shanghai CDXJ Digital Technology (301320.SZ) announced that the company held the seventh meeting of the third board of directors on June 25, 2024, and approved the proposal on investment in the construction of the new plant project of Haojiang Digital Electronics Factory. With the continuous development of the company’s business and the need for operational planning, the company's wholly-owned subsidiary Qingdao Haojiang Intelligent Electronics Co., Ltd., plans to invest its own funds of 240 million yuan to build the new plant of Haojiang Intelligent Electronics Factory.

Contracts awarded:

Shanghai CDXJ Digital Technology (603887.SH): Wins the bid for China Mobile IDC computing facility project.

Shanghai CDXJ Digital Technology (603887.SH) announced that on June 24, 2024, China Mobile Procurement and Tendering Network published the "Publicity of Selected Candidates for China Mobile Yangtze River Delta (Yangzhou) Data Center Computing Infrastructure Construction Maintenance Service Project", which determined that Shenzhen ZTE Technology Service Co., Ltd., the company's wholly-owned subsidiary, CDXJ System Engineering Co., Ltd. and Shanghai Qisi Cloud Computing Co., Ltd. were awarded the bid for China Mobile Yangtze River Delta (Yangzhou) Data Center Computing Infrastructure Construction and Maintenance Service Project (referred to as the "China Mobile IDC Computing Facility Project") after bidding. According to the publicized winning information, the project B01-B06 machine room building of the China Mobile IDC computing facility project is expected to purchase a total of 172.5MW. According to the response unit price and the estimated service life and the agreement on workload in the comprehensive consortium agreement, the company's expected actual bid amount is estimated to be 3.304 billion yuan.

Jishi Media (601929.SH) has won the bid for the grassroots disaster prevention project of the Jilin Province Natural Disaster Emergency Response Capacity Enhancement Project.

Jishi Media (601929.SH) announced that its wholly-owned subsidiary, Jishi Media Information Service Co., Ltd. received the bidding notice from the Jilin Provincial Emergency Management Department (on this level), and became the winning bidder of the "Jilin Province Natural Disaster Emergency Response Capability Enhancement Project Grassroots Disaster Prevention Project". The total bid is 53,999,600 yuan.

Weiye Construction Group (300621.SZ): Zhuhai Haulong won the bid for approximately 1.009 billion yuan for the fine decoration and supporting works of the large cargo space of Block 40 and 57 in Zhuhai Cross Gate and Hengqin Huafa Century Square.

Weiye Construction Group (300621.SZ) announced that its wholly-owned subsidiary, Zhuhai Hualong Decoration Co., Ltd. (hereinafter referred to as "Zhuhai Hualong"), recently received a bid award notice from Zhuhai Shizimen Central Business District Construction Holdings Co., Ltd. (hereinafter referred to as "Zhuhai Shizimen") for the horizontal Qinhua Huafa Century Plaza 40-57 Block Large Cargo Fine Decoration and Supporting Engineering (hereinafter referred to as "this project"), confirming that Zhuhai Hualong is the winning bid unit for this project, with a bid amount of approximately 1.009 billion yuan. Zhuhai Hualong is a wholly-owned subsidiary of the company, and Zhuhai Shizimen is a holding subsidiary indirectly controlled by Huafa Group Co., Ltd. (hereinafter referred to as "Huafa Group"). Zhuhai Shizimen and the company are related parties under the same control of Huafa Group, and according to the relevant regulations of the GEM Stock Listing Rules of the Shenzhen Stock Exchange, this transaction constitutes a related transaction.

Shanghai Construction Group (600170.SH) won the bid of the "Jinqiao South WH4A-1 Jingu Universal Plant Project (main project)" with a total contract value of 6.108 billion yuan.

Shanghai Construction Group (600170.SH) announced that its subsidiary, Shanghai Construction Group Intelligent Construction Co., Ltd. won the bid for the "Jinqiao South WH4A-1 Jingutan General Plant Project (main project)" (hereinafter referred to as "this project") and received the "Bid Notice." The successful bid price for this project is 6.108 billion yuan. The project is located in Tangzhen, Pudong New Area, Shanghai, to the east of Taiwang Road, to the west of Taihua Road, to the south of Longgui Road, and to the north of Longhulu Road. The total construction area of the project is 409,088.25 square meters, mainly including 12 stand-alone buildings such as production plants, power plants, comprehensive buildings, and supporting buildings, as well as two underground floors. The project is planned to be completed in 643 calendar days.

Qianjiang Water Resources Development Co., Ltd. (600283.SH) announced that the company has participated in the bidding for the equity transfer of Yuhuan Water Affairs and Kaihua Tianhui 100% equity on May 21, 2024, which was listed publicly on the Zhejiang Property Rights Trading Exchange. The company received the "Contract Notice" from Zhejiang Property Rights Trading Co., Ltd. on June 25, 2024. The company has been confirmed as the transferee of Yuhuan Environmental Protection Water Affairs Co., Ltd. and Kaihua Tianhui Environmental Energy Co., Ltd., both of which are under Zhejiang Zheneng Xingyuan Energy Saving Technology Co., Ltd., a subsidiary of Zhejiang Zheneng Xingyuan Energy Co., Ltd., for 100% equity of the two companies. The transaction price is 3.2215 billion yuan.

Qingdao Port International (601298.SH) plans to transfer 2.58% equity of Shandong Port Shipping Group.

Qingdao Port International Co., Ltd. (601298.SH) announced that the proposal on "Transferring the 2.58% Equity of Shandong Port Shipping Group Co., Ltd." has been effectively voted on at the meeting, and the company agreed to transfer its 2.58% equity of Shandong Port Shipping Group Co., Ltd. held by the company for a consideration of RMB 61.4744 million to Shandong Port Qingdao Port Group Co., Ltd.

[Performance data]

Wintime Energy Co., Ltd. (600157.SH): The net profit in the first half of 2024 is expected to increase by 14.54% to 24.41% year-over-year.

Wintime Energy Co., Ltd. (600157.SH) announced that the net profit attributable to shareholders of the listed company in the first half of 2024 is expected to be between RMB 1.16 billion and RMB 1.26 billion, an increase of 14.54% to 24.41% compared with the same period last year (statutory disclosed data); the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be between RMB 1.11 billion and RMB 1.21 billion, an increase of 10.46% to 20.41% compared with the same period last year (statutory disclosed data).

Espressif Systems (688018.SH): Net income for January-May is expected to increase by around 123.51% year-on-year.

Espressif Systems (688018.SH) announced that according to the preliminary estimates by the financial department, it is expected to achieve a net profit attributable to the owners of the parent company of approximately RMB 118.71 million in the first five months of 2024, an increase of approximately RMB 65.6 million compared with the same period last year, up by approximately 123.51% year on year. The net profit after deducting non-recurring gains and losses is expected to be approximately RMB 118.06 million, an increase of approximately RMB 74.8 million compared with the same period last year, up by approximately 172.90% year on year.

[Repurchase]

Chunli Medical (688236.SH) announced that the company plans to repurchase its shares to implement an employee stock ownership plan or a stock incentive plan. The planned repurchase amount is between RMB 20 million and RMB 40 million, and the planned repurchase price is no more than RMB 28.56 per share. The planned repurchase period is within 12 months from the date of approval of the share repurchase plan by the company's board of directors.

Jilin Yatai (600881.SH): Plans to buy back company shares for RMB 30 million to RMB 50 million

Jilin Yatai (600881.SH) announced that it plans to repurchase the company's shares with an amount not less than RMB 30 million and not exceeding RMB 50 million. The repurchase price for this repurchase of shares is no more than RMB 1.60 per share. The company's repurchased shares will be sold through centralized bidding trading method after the announcement of the repurchase results and share changes, and the sale will be completed within three years after the announcement. If the company fails to complete the sale within the above period, the unimplemented portion of the shares will be cancelled through relevant procedures.

Zhejiang Meorient Commerce & Exhibition (300795.SZ): Plans to buy back company shares for RMB 5 million to RMB 10 million

Zhejiang Meorient Commerce & Exhibition (300795.SZ) announced that the company plans to repurchase some of its public shares (hereinafter referred to as "this repurchase") through centralized bidding trading method using its own funds for implementing employee stock ownership plans or stock incentive plans. The repurchase amount is not less than RMB 50 million and not more than RMB 100 million (both inclusive), and the actual total amount of repurchase funds will be subject to the actual use of funds. The repurchase price of this repurchase of shares is no more than RMB 25.00 per share (including the face value). The planned repurchase period is no more than three months from the date of approval of this share buyback plan by the company's board of directors.

Jiangsu Jiangnan High Polymer Fiber (600527.SH) plans to repurchase shares worth 40-50 million yuan.

Jiangsu Jiangnan High Polymer Fiber Co., Ltd. (600527.SH) announced that it plans to repurchase its shares with funds no less than RMB 40 million and no more than RMB 50 million for stock-based incentives, and the repurchase price per share will not exceed RMB 2.50.

Foshan Electrical and Lighting (000541.SZ) announced that on June 26, 2024, the company received a notice from Guangdong Electronic Information Industrial Group Co., Ltd. (hereinafter referred to as "Electronics Group"), one of the unanimous action parties of the controlling shareholder Guangdong Province Guangsheng Holding Group Co., Ltd., and its wholly-owned subsidiary Hong Kong Huasheng Holdings Co., Ltd. (hereinafter referred to as "Hong Kong Huasheng"), regarding the increase in shareholding of Foshan Electrical and Lighting and the subsequent increase in shareholding plan. Based on the confidence in the company's future development prospects and the recognition of its value, Electronics Group and Hong Kong Huasheng accumulated a total of 14,164,350 shares of the company's stock through the Shenzhen Stock Exchange trading system by means of centralized bidding trading from June 3, 2024 to June 25, 2024, accounting for 0.915% of the total share capital of the company. Among them, 8,745,300 A-shares were increased at an average price of RMB 4.772 per share, and 5,419,050 B-shares were increased at an average price of HKD 2.368 per share. Electronics Group and Hong Kong Huasheng plan to increase their shareholdings by no less than 1% of the total share capital of the company and no more than 2% of the total share capital of the company. The implementation period is within six months from the date of the first increase (June 3, 2024).

Jishi Media (601929.SH): The controlling shareholder plans to increase the shareholding of the company's shares by 15-30 million yuan.

Jishi Media (601929.SH) announced that its controlling shareholder Jilin Broadcasting and TV Station, based on confidence in the company's future development prospects and recognition of its long-term investment value, plans to use its own funds to increase its holdings of the company's shares through the Shanghai Stock Exchange trading system by means of centralized bidding within 6 months from the announcement disclosure date (June 27, 2024). The amount of this increase shall not be less than RMB 15 million and shall not exceed RMB 30 million.

Feima International (002210.SZ): Some directors and executives plan to increase their holdings of the company's shares by a total of RMB 10-20 million.

Feima International (002210.SZ) announced that Mr. Zhao Libin, Chairman of the Board, Mr. Huang Xiaoyun, Director and General Manager, Ms. Wang Chaohui, Deputy General Manager and Chief Financial Officer, Mr. Li Min, Deputy General Manager, and Mr. Zhu Liangyi, Deputy General Manager, based on their confidence in the company's future development and recognition of its long-term investment value, plan to increase their holdings of the company's shares by means of the trading system allowed by the Shenzhen Stock Exchange within 3 months from the date of this announcement, with the total planned amount of increased holdings not less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive).

Baodi Mining (601121.SH): Haiyi Investment plans to reduce its holdings of no more than 24 million shares, accounting for no more than 3.00% of the total share capital.

Baodi Mining (601121.SH) announced that Haiyi Investment plans to reduce its holdings of the company's shares through centralized bidding and bulk trading methods due to its own operational development needs, with the reduction no more than 24 million shares, or no more than 3.00% of the total share capital.

Lvtian Machinery (605259.SH): Shareholder Shao Yutian plans to reduce shareholding by no more than 3%.

Lvtian Machinery (605259.SH) announced that Mr. Shao Yutian, a shareholder of the company, plans to reduce his holdings of the company's shares through centralized bidding by no more than 1,232,000 shares (i.e. no more than 1.00% of the total share capital of the company), and through bulk trading by no more than 2,464,000 shares (i.e. no more than 2.00% of the total share capital of the company). The implementation period of this reduction plan is from July 19, 2024 to October 18, 2024.

【Other】

MeliiXin (301307.SZ): The controlling shareholder Yu Kefei lifted the detention.

MeliiXin (301307.SZ) announced that on January 12, 2024, the company disclosed the notice of "Announcement on the Detention of the Actual Controller and Directors of the Company" (Announcement No.: 2024-003), and Yu Kefei, the actual controller and then director of the company, was detained by the relevant disciplinary inspection and supervision department. The company received a notice from the family of Yu Kefei that he has received a "Notice of Lifting Detention" issued by the relevant disciplinary inspection and supervision department on June 25, 2024, and the relevant disciplinary inspection and supervision department has lifted the detention measures against Yu Kefei.

Hengdian Group Tospo Lighting (603303.SH) received a letter of appointment from NIO Inc regarding a project with a total amount of about 143 million yuan.

Hengdian Group Tospo Lighting (603303.SH) announced that its wholly-owned subsidiary Debao Import and Export has recently received a project appointment letter from NIO Inc., and Debao Import and Export will customize and develop headlamp controllers for NIO Inc. in accordance with its needs. During the project period from 2025 to 2028, the total amount of headlamp controller products provided by the company is expected to reach about RMB 143 million.