The general manager of YTO resigned; Muyuan shares, directors, supervisors, senior executives and core personnel plan to increase their holdings; Longbai Group participated in the auction and transfer of vanadium titanomagnetite mining rights

Every reporter: Wang Jiafei Every editor: Chen Junjie

1. Establish a subsidiary

The Yellow River Cyclone invested in the establishment of a wholly-owned subsidiary for the operation and management of the park

On October 29, the Yellow River Cyclone announced that it intends to invest in the establishment of a wholly-owned subsidiary, with an investment amount of 50 million yuan, and its business scope is park management services, enterprise management, enterprise credit management consulting services, enterprise credit investigation and evaluation, supply chain management services, commercial complex management services, etc.

Comments: Park management services are a high value-added industry, and the Yellow River Cyclone intends to expand the park management services and other related businesses, which is conducive to the transformation and upgrading of the Yellow River Cyclone and the improvement of brand influence and market share. Through the establishment of a wholly-owned subsidiary, the Yellow River Cyclone is expected to better integrate resources and advantages, improve the professionalism and quality of park management services, and build core competitiveness.

NorthGlass established a wholly-owned subsidiary

On October 23, NorthGlass announced that it plans to use its own funds to invest 10 million yuan to set up a wholly-owned subsidiary, NorthGlass New Functional Glass, which is mainly engaged in the research and development, design, manufacturing, sales and after-sales service of new functional glass deep processing equipment and technology.

Comments: New functional glass is a promising industry, but it also needs continuous innovation and investment, and NorthGlass needs to strengthen its independent research and development capabilities and market development capabilities in order to gain advantages in this field. Through the establishment of a wholly-owned subsidiary, NorthGlass can focus more on the R&D, design, manufacturing, sales and after-sales service of new functional glass deep processing equipment and technology, and increase the added value and market share of products.

2. Financing

Zhongyuan Environmental Protection registered and issued debt financing instruments for non-financial enterprises of no more than 5 billion yuan

On October 27, Zhongyuan Environmental Protection announced that it planned to register and issue debt financing instruments for non-financial enterprises of no more than 5 billion yuan. Among them, medium-term notes are 2 billion yuan, ultra-short-term financing bonds are 1 billion yuan, and perpetual medium-term bills are 2 billion yuan. Medium-term notes shall not exceed 5 years, ultra-short-term financing bonds shall not exceed 270 days, and perpetual medium-term notes shall not exceed 5+N years.

Comments: By registering and issuing debt financing instruments of no more than 5 billion yuan for non-financial enterprises, Zhongyuan Environmental Protection can obtain a low-cost source of funds, meet short-term and long-term capital needs, and support the company's development strategy. However, debt financing will increase Zhongyuan Environmental Protection's financial leverage and debt repayment risk, and will also reduce Zhongyuan Environmental Protection's net profit and earnings per share. Centaline Environmental Protection needs to strengthen internal management and cost control to improve operating efficiency and cash flow levels.

CITIC Heavy Industries' issuance of shares to specific targets was approved

On October 23, CITIC Heavy Industries announced that it had been approved to issue shares to specific targets. According to the previous announcement, the number of shares issued to specific objects this time does not exceed 400 million shares (including the number of shares), and the funds raised do not exceed 828 million yuan (including 828 million yuan).

Comments: CITIC Heavy Industries intends to expand its capital scale and enhance its strength through equity financing. Equity financing can reduce the company's financial leverage and debt repayment pressure, and can also increase CITIC Heavy Industries' strategic partners and market credibility. But equity financing will also dilute CITIC Heavy Industries' shareholders' equity and earnings per share, and will also be affected by market sentiment and regulatory policies.

3. Changes in "key figures".

The general manager of YTO resigned and hired a new general manager

On October 23, Yituo Co., Ltd. announced that Chairman Liu Jiguo applied for resignation as general manager of the company and continued to serve as the chairman of the company, and the company held the 14th meeting of the ninth board of directors on October 23, 2023, and agreed to appoint Wei Tao as the general manager of the company.

Comments: Changes in senior management may have a certain impact on the strategic direction and execution of YTO, but may also bring new opportunities and challenges. Wei Tao, the new general manager, needs to be familiar with the business conditions and market environment of YTO as soon as possible, formulate reasonable development plans and goals, and lead YTO to achieve steady growth. After the resignation of the former general manager, Liu Jiguo, continued to serve as the chairman of the company, which can maintain the strategic guidance and supervision of the company and maintain the stability and continuity of the company.

Fourth, three quarterly reports

Anyang Iron and Steel released a third-quarter performance announcement on October 27, with revenue of about 32.518 billion yuan in the first three quarters of 2023, an increase of 8.95% year-on-year; The net profit loss attributable to shareholders of the listed company was about 894 million yuan.

Comments: Anyang Iron and Steel is affected by the cyclical fluctuations of the steel industry and market competition, and is facing the pressure of rising costs and declining profits. Anyang Iron and Steel needs to strengthen the optimization of product structure and quality to enhance market competitiveness and anti-risk ability. The financial report data shows that the company's profitability is weak, cost control is not effective, and the scale of losses is large.

I miss you on October 27, announcing the third quarter report of 2023, and the company achieved operating income of 1.091 billion yuan in the first three quarters, a year-on-year increase of 11.89%; Net profit attributable to shareholders of listed companies was -40.8362 million yuan, compared with a loss of 53.4402 million yuan in the same period last year.

Comments: I really want your business conditions to improve in the first three quarters of 2023, and the amount of losses has decreased. Affected by the epidemic and the consumption environment, the company is facing changes in sales channels and customer needs, and needs to strengthen brand building and marketing promotion, and expand new market space and growth points. I think your net profit in the first three quarters is still in the red, indicating that the company's profitability is still weak and the market competition is still large.

Muyuan Co., Ltd. announced the third quarter report of 2023 on October 27, and the company's revenue in the first three quarters was about 82.969 billion yuan, an increase of 2.72% year-on-year; the net profit loss attributable to shareholders of listed companies was about 1.842 billion yuan, a year-on-year decrease of 221.82%; The basic earnings per share loss was 0.34 yuan, a year-on-year decrease of 217.24%.

Comments: Muyuan shares are facing the dilemma of declining inventory and rising costs, and it is necessary to strengthen the management of pig breeding and restore the scale and efficiency of production.

CMOC announced its third-quarter results on October 27, showing that in the first three quarters of 2023, the company's operating income was 82.969 billion yuan, a year-on-year increase of 2.72%; The net profit attributable to shareholders of listed companies was -1.842 billion yuan, down 221.82% year-on-year, and the basic earnings per share was -0.34 yuan per share, down 217.24% year-on-year.

Comments: CMOC is affected by international trade frictions and metal price fluctuations, and is facing the problem of blocked exports and declining profits. The company needs to strengthen international market development and risk management to enhance product competitiveness and profitability.

AVIC Optoelectronics released a third-quarter performance announcement on the evening of October 24, with revenue of about 15.359 billion yuan in the first three quarters of 2023, an increase of 23.33% year-on-year; net profit attributable to shareholders of listed companies was about 2.894 billion yuan, an increase of 26.64% year-on-year; Basic earnings per share was 1.3947 yuan, an increase of 25.02% over the same period last year.

Comments: AVIC Optoelectronics has seen a significant increase in revenue and profit in the first three quarters of 2023. The company benefits from the rapid development and technological innovation of the optoelectronic industry, and has a strong market demand and competitive advantage. AVIC Optoelectronics needs to continue to strengthen scientific and technological research and development and product innovation to maintain its leading position and rapid growth in the industry.

5. Other hot events

Longbai Group participated in the auction and transfer of vanadium titanomagnetite mining rights

On October 25, Longbai Group announced that in order to increase the company's vanadium titanomagnetite resource reserves, enhance the industry status and economic benefits, it will participate in the auction of the mining rights of Honggnan vanadium titanomagnetite in Yanbian County, Sichuan Province. The bidding deposit is RMB 200 million, and the starting price of the auction is RMB 1.05 million.

Comments: Vanadium titanomagnetite is an important strategic resource with a wide range of application prospects and market value. By participating in the auction of mining rights, Longbai Group can increase its own resource reserves and supply guarantees, and enhance its industry status and profitability. Longbai Group participated in the auction with a bidding deposit of 200 million yuan, which shows the great importance and confidence in the project, and also reflects the company's financial strength and risk tolerance.

The directors, supervisors, senior executives and core personnel of Muyuan Co., Ltd. plan to increase their holdings

On October 24, Muyuan Co., Ltd. announced that some directors, supervisors, senior executives and core personnel plan to increase their holdings by no less than RMB 1 billion (inclusive) and no more than RMB 1.2 billion (inclusive) within 6 months from October 25, 2023. The subject of the increase will choose the opportunity to implement the shareholding increase plan according to the fluctuation of the company's stock price and the overall trend of the capital market.

Comments: The increase in holdings of directors, supervisors, senior executives and core personnel can enhance the market reputation and shareholder confidence of Muyuan shares, and can also stabilize the stock price and market value of Muyuan shares. Muyuan shares need to continue to maintain good operating performance and development momentum, and repay the trust and support of investors. Muyuan plans to increase its holdings by no less than 1 billion yuan and no more than 1.2 billion yuan within 6 months, which shows the recognition of the company's value and the grasp of market opportunities, and also reflects the company's growth potential and investment value.

National Business Daily