Macro news
1. Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Notice on Doing a Good Job in Relevant Work During the Spring Festival on New Year's Day in 2024". The circular proposes to encourage all units to combine the implementation of paid annual leave and other systems to arrange for employees to rest on Chinese New Year's Eve; strictly implement the policy of free passage of minibuses during the Spring Festival holiday; vigorously rectify the problem of hedonism and extravagance behind the phenomena of high-end tobacco, alcohol and tea, "luxury Chinese New Year's Eve dinner", and excessive packaging of Boxing gifts.
2. At the press conference of the Ministry of Foreign Affairs on the 25th, a reporter asked about the arrest of an employee of vivo India by law enforcement authorities, and Chinese Foreign Ministry spokesperson Mao Ning said that China is paying close attention to the above situation, and the Chinese government firmly supports Chinese enterprises to safeguard their legitimate rights and interests, and we urge the Indian side to fully understand the mutually beneficial and win-win nature of China-India economic and trade cooperation, and provide a fair, just, transparent and non-discriminatory business environment for Chinese enterprises to invest and operate in India.
3. According to the data of China Bond Information Network, Jiangsu, Hebei, Shanxi, Hainan and other places have recently disclosed their local government bond issuance plans in the first quarter of 2024, and the scale of bond issuance is expected to exceed 220 billion yuan in the first quarter. Previously, the Ministry of Finance clarified that this year will issue part of the new local government debt quota in 2024 in advance. The market widely expects this scale to exceed 2 trillion yuan.
Industry news
1. Following the establishment of diplomatic relations between the workers and peasants and the six major commercial banks such as the Postal Savings Bank, a number of national joint-stock banks announced that they would lower the listed interest rate of RMB deposits from the 25th. At present, 12 national joint-stock banks have lowered the listed interest rates of RMB deposits, and most joint-stock banks have lowered their interest rates by 10 basis points for one-year time deposits, 20 basis points for two-year fixed deposits, and 25 basis points for three-year and five-year fixed deposits.
2. It was learned from a number of independent sources that in the past period of time, Blizzard negotiated the "return of the national server" with a number of domestic game manufacturers, and finally chose to re-cooperate with NetEase. In response to media rumors, NetEase said it would not respond.
3. Following the announcement of Kaiying Network after last Friday's market that the chairman intends to continue to increase his holdings by no less than 20 million yuan, six more game stocks joined yesterday, Giant Network, Sanqi Mutual Entertainment, Perfect World, Gigabit, Electric Soul Network and Chinese Media issued a buyback or increase in holdings announcement, and the chairman of Sanqi Mutual Entertainment proposed that the repurchased shares will be cancelled.
4. Guangzhou issued the "Notice of the Guangzhou Housing Provident Fund Management Center on Printing and Distributing the Administrative Measures for the Withdrawal of Housing Provident Fund in Guangzhou", which will come into force next year and will be valid for 5 years. The Measures make it clear that depositors who repay the loan on a monthly basis can withdraw the loan once every 3 months after the housing provident fund loan is settled, until the cumulative withdrawal amount reaches the total amount that can be withdrawn. Those who have not repaid the loan on a monthly basis can withdraw the housing provident fund once every 3 months until the cumulative withdrawal amount reaches the total amount that can be withdrawn.
5. According to the data of the Ministry of Industry and Information Technology, from January to November, the mainland's software business revenue was 110447 billion yuan, a year-on-year increase of 13.9%, and the total profit of the software industry was 1,303.3 billion yuan, a year-on-year increase of 12.9%. From January to November, the export of software business was 44.95 billion US dollars, a year-on-year decrease of 3.8%.
6. Before and after the resumption of the "highest bidder" bidding method for land transfer in Hangzhou, Ningbo, Quzhou, Shaoxing and other cities in Zhejiang Province have cancelled the land auction price limit. However, judging from the performance of the land auction market after the price limit was lifted, only some high-quality land plots in Hangzhou still have premiums, and most other places have been sold at the reserve price or unauctioned.
7. Music blogger "Acoustics" publicly reported the Mayday concert fake singing to the China Consumers Association, and the Mayday "fake singing turmoil" attracted widespread attention. On December 25, a staff member of the Shanghai Municipal Bureau of Culture and Tourism said that the matter was still under investigation and that "conclusions cannot be drawn lightly." It said that if there are investigation results, they will be released as soon as possible.
8. Anshun City, Guizhou Province issued the "Several Measures to Promote the Virtuous Cycle and Healthy Development of the Real Estate Industry in Anshun City (Trial)", which proposes that for those who purchase houses in Anshun outside the province, with relevant documents and the "Commercial Housing Sales Contract", they can enjoy the discount of tickets for all state-owned scenic spots in the city in that year.
Company News
1. Kaiying Network announced that the chairman of the board of directors has increased his holdings by about 20,002,400 yuan and intends to continue to increase his holdings by no less than 100 million yuan.
2. Amethystum Storage, the first delisted company on the Science and Technology Innovation Board, recently announced that Zheng Mu, the actual controller, and Luo Tiewei, the actual controller acting in concert, were suspected of fraudulent issuance of securities and were taken compulsory measures. According to another announcement, the two have now been arrested by the Meizhou Municipal Procuratorate.
3. Perfect World announced that the chairman proposed to repurchase shares with 100 million yuan to 200 million yuan.
4. Giant Network announced that it intends to repurchase shares with 100 million yuan to 200 million yuan.
5. Tongwei Co., Ltd. announced that it plans to invest 28 billion yuan in the construction of a green substrate integration project.
6. Changan Automobile announced that it signed a memorandum of cooperation with Ganfeng Lithium to promote the joint venture project of (semi-)solid-state battery research and development.
7. According to the official website of Jiangsu Sunshine Group, Weichuang Group Co., Ltd. issued a statement on the relevant situation of Weichuang shares, stating that there is no illegal information disclosure between the company and the upper-level information disclosure obligor.
Global Markets
1. The European and American stock markets, international crude oil futures, and international gold futures are collectively closed due to Christmas.
2. Israeli Prime Minister Benjamin Netanyahu's Likud Party issued a statement on December 25 saying that Netanyahu said at the Likud meeting that day that Israel's military operation in the Gaza Strip was far from over.
3. A member of Iran's Islamic Revolutionary Guard Corps was killed in an attack, and Iranian President Raisi said that Israel would "pay the price."
Investment Opportunity Reference
1. At present, Vision Pro has been mass-produced, or will start mass shipment in the first week of January 2024
Ming-Chi Kuo, an analyst at Tianfeng International, said that Vision Pro shipments are estimated to be about 500,000 units in 2024. The Vision Pro is currently in mass production and is expected to start mass shipments in the first week of January 2024. Based on the current high-volume shipping schedule, Apple will most likely ship the Vision Pro in late January or early February.
Apple's Vision Pro is the most anticipated consumer electronics product in recent years. In addition to entertainment functions, Vision Pro is also expected to become a productivity tool to play its value, combining with underlying technologies such as AI and digital twins to open up new space. Cinda Securities believes that the design of Apple's Vision Pro is based on the user, and there is no positioning as an "advanced game console" with volume cost reduction configuration, which is expected to open up a new cycle of consumer electronics.
2. The results of the first "large model standard compliance test" in China were announced
According to media reports, the results of China's first official "large model standard compliance evaluation" were announced, and it is understood that the first batch of 360, Baidu, Tencent, and Ali passed.
The test was initiated by the China Electronics Standardization Institute of the Ministry of Industry and Information Technology, and the evaluation focused on the multi-domain and multi-dimensional model evaluation framework and index system, and was carried out from the dimensions of the versatility, intelligence, and security of the large model, covering multi-modal fields such as language, speech, and vision, aiming to establish a large model standard compliance directory and lead the healthy and orderly development of the artificial intelligence industry. CITIC Securities believes that the general model pursues high generalization capabilities and can complete natural language understanding and generation tasks with high quality, and continues to be optimistic about the landing opportunities of large models in thousands of industries.
3. The basic device of power semiconductors, the kinetic energy of the product has been warmed up one after another
According to media reports, after several quarters of inventory adjustment, the inventory of basic power module MOSFET chips has returned to a healthy level, and the momentum of customer sales in the third and fourth quarters has also recovered one after another, and at the same time, it has negotiated with wafer foundries to gradually reduce prices from 2024, hoping to push up the gross profit margin.
MOSFETs are the basic devices of power semiconductors due to their low control power and fast switching speed, which are widely used in low, medium and high voltage circuits. With the growth of demand in the downstream high-voltage field, high-voltage MOSFETs will increase their market share. According to Yole data, automobiles will become the largest incremental market for MOSFETs, accounting for more than 30% of the MOSFET market share by 26 years, thereby driving the growth of the high-voltage MOSFET market. Among them, electric vehicles and charging piles accounted for 25% and 8% respectively.
4. Huawei Announces Two Satellite Communication Network Patents to Deploy "5G Base Stations on Satellites"
According to the official website of the State Intellectual Property Office, Huawei's two satellite communication network patents were recently announced. The patent names are: "a satellite network routing method and communication device" and "an inter-satellite link construction method and communication device".
With the launch of China Starnet and G60 Starlink, as well as the participation of communication giants such as Huawei, the satellite industry is in a stage of rapid expansion. AVIC Securities believes that in 2023 and the next few years of the "14th Five-Year Plan", the potential market space of the satellite communication industry is expected to reach 25 billion yuan per year, and the overall market growth rate is expected to usher in a historical inflection point, increasing to more than 15%.
Suspension
600290 *ST Huayi
300010 *ST Bean God
000657 Chinatungsten High-tech
Resumption of trading
603358 Huada Technology
600306 *ST Mall
000620 *ST Xinlian
603030 *ST full building
【Hot Spots】
Zheshu Culture: At present, the company's game business is normal
Zhejiang Digital Culture (600633) announced on the evening of December 25 that in 2022, the company achieved an online game operation business income of 1.724 billion yuan, accounting for 33.24% of the company's consolidated operating income in 2022. At present, the company's game business is normal. The R&D of new game products continues to advance and continue to obtain game version numbers, and the company will continue to promote the R&D and operation of online games under the guidance of industry regulatory authorities.
Tongwei Co., Ltd.: It is planned to invest 28 billion yuan in the construction of green substrate integration project
Tongwei Co., Ltd. (600438) announced on the evening of December 25 that the company intends to jointly sign the "Green Substrate Integration Project Investment Agreement" with the People's Government of Ordos Municipality and the People's Government of Zhunger Banner, and reach cooperation on the company's investment of 28 billion yuan in the Zhunger Economic Development Zone of Zhunger Banner, Ordos City, to build a green substrate integration project. The phased implementation of the project is not expected to have a significant impact on the company's operating income and net profit in 2023 and 2024. Among them, the first phase of the construction of 200,000 tons of green substrate (industrial silicon) and 200,000 tons of high-purity crystalline silicon project, with an estimated total investment of about 13 billion to 14 billion yuan, subject to the implementation of the project, the second phase of the construction of 300,000 tons of green substrate (industrial silicon) and 200,000 tons of high-purity crystalline silicon project, according to market conditions to choose the opportunity to start.
【Increase/Decrease】
Quanyangquan: Shareholders plan to reduce their holdings of no more than 1% of the company's shares
Quanyangquan (600189) announced on the evening of December 25 that Beijing Ruide Jiaxin Trading Co., Ltd., a shareholder of 7.16%, intends to reduce its holdings of no more than 1% of the company's shares.
Great Wall Electrician: The controlling shareholder plans to increase his holdings by 12 million yuan
Great Wall Electric (600192) announced on the evening of December 25 that the controlling shareholder Gansu Electrical Equipment Group Co., Ltd. plans to increase its holdings of the company's shares within 6 months, with an increase of 12 million yuan, and the price range is not set for this increase plan.
Kaiying Network: The actual controller intends to continue to increase his holdings of no less than 100 million yuan in the company's shares
Kaiying Network (002517) announced on the evening of December 25 that the company received a notice from Jin Feng, the actual controller and chairman of the company, that Jin Feng has increased his holdings of 2.0307 million shares of the company through centralized bidding, accounting for 0.09% of the company's total share capital, with a cumulative increase of about 20.0024 million yuan, and the shareholding increase plan has been completed. Jin Feng intends to continue to increase his holdings of the company's shares, and increase his holdings of the company's shares within 6 months from the date of disclosure of the shareholding increase plan, with a total amount of not less than 100 million yuan.
Weiye shares: Zhongyingji intends to reduce its holdings of no more than 1% of the company's shares
Weiye shares (300621) announced on the evening of December 25 that Yunnan Zhongyingji Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Zhongyingji"), a 9.26% shareholder, plans to reduce the number of shares of the company by centralized bidding or other methods within 3 months after 15 trading days from the date of disclosure of the announcement, accounting for 1% of the company's total shares.
【Repurchase】
Perfect World: The actual controller proposed to repurchase shares for 100 million to 200 million yuan
Perfect World (002624) announced on the evening of December 25 that Chi Yufeng, the actual controller and chairman of the company, proposed that the company repurchase the company's shares by centralized bidding, and the repurchased shares were intended to be used for equity incentives or employee stock ownership plans, with a total repurchase fund of not less than 100 million yuan and no more than 200 million yuan.
Gigabit: The chairman proposed to repurchase shares for 50 million yuan to 100 million yuan
Gigabit (603444) announced on the evening of December 25 that the chairman proposed to repurchase shares with 50 million yuan to 100 million yuan, and the repurchased shares will be used for employee stock ownership plans and/or equity incentive plans.
Chinese Media: It is planned to repurchase shares for 50 million to 100 million yuan
Chinese Media (600373) announced on the evening of December 25 that it intends to repurchase shares with 50 million to 100 million yuan, and it is expected that the price of the repurchased shares will not be higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberated and passed the resolution to repurchase shares. The repurchased shares are all used to reduce the company's registered capital.
Dongshan Precision: The controlling shareholder proposed to repurchase shares for 20 million yuan to 30 million yuan
Dongshan Precision (002384) announced on the evening of December 25 that Yuan Yonggang, the company's controlling shareholder, actual controller and chairman, proposed that the company repurchase part of the company's shares in a centralized bidding transaction, and the repurchased shares will be used for employee stock ownership plans, equity incentive plans or reduction of registered capital. The total amount of funds for this repurchase shall not be less than 20 million yuan and not more than 30 million yuan.
Electric Soul Network: The chairman proposed to repurchase shares for 20 million yuan to 40 million yuan
Electric Soul Network (603258) announced on the evening of December 25 that the chairman proposed to repurchase the company's shares for 20 million yuan to 40 million yuan.
Giant Network: It plans to repurchase shares for 100 million to 200 million yuan
Giant Network (002558) announced on the evening of December 25 that the company intends to repurchase shares in a centralized bidding transaction for the company's employee stock ownership plan or equity incentive plan. The total amount of repurchase shall not exceed 200 million yuan and not less than 100 million yuan, and the repurchase price shall not exceed 20 yuan per share.
【Contract Winning Bid】
Changan Automobile: Signed a memorandum of cooperation with Ganfeng Lithium
Changan Automobile (000625) announced on the evening of December 25 that the company and Ganfeng Lithium signed a "Memorandum of Cooperation" in Ningbo, Zhejiang. Changan Automobile and its affiliates intend to establish a long-term strategic cooperative relationship with Ganfeng Lithium, and will accelerate the promotion of (semi-)solid-state battery R&D joint venture projects and manufacturing industrialization projects in accordance with the principle of "equal shareholding and efficient operation", and based on the R&D cooperation of the next generation of automotive power battery (semi-)solid-state batteries, explore the extension of cooperation in upstream lithium ore resources, lithium salt deep processing, battery materials, midstream battery manufacturing and downstream comprehensive recycling of waste batteries, and promote strategic cooperation in the whole chain of the battery industry.
Baoying Co., Ltd.: The subsidiary won the bid for a project of 1.379 billion yuan
Baoying Co., Ltd. (002047) announced on the evening of December 25 that its wholly-owned subsidiary, Baoying Construction, won the bid for the main mechanical and electrical installation and curtain wall engineering construction project of Hengqin Science City (Phase III), with a bid price of 1.379 billion yuan, accounting for 37% of the company's audited operating income in 2022.
Seiko Steel Structure: Won the bid for a major overseas project of 218 million US dollars
Seiko Steel Structure (600496) announced on the evening of December 25 that recently, the company successfully won the bid for the steel structure professional contracting business of the BDO Corporate Center Makati project in the Philippines, with a bid amount of 218 million US dollars (equivalent to about 1.551 billion yuan), which is the largest single steel structure professional subcontracting order undertaken by the company so far, and the winning bid amount accounts for about 10% of the company's latest audited operating income.
Sanxiang New Materials: Signed the "Strategic Cooperation Framework Agreement" with Nanjing Youtian
Sanxiang New Materials (603663) announced on the evening of December 25 that it signed the "Strategic Cooperation Framework Agreement" with Nanjing Youtian Metal Technology Co., Ltd. on December 22, and the two sides will establish a long-term and stable partnership on their respective advantages in the industrial market, product technology, etc., give full play to the technical advantages of all parties to form a deep integration and integrated coordinated development of the zirconium and hafnium industry chain, create a "zirconium and hafnium ecological chain", and jointly help the development of the industry.
Tengda Construction: won the bid for a project of 45.3198 million yuan
Tengda Construction (600512) announced on the evening of December 25 that it won the bid for the "Hongjia South Ring Road (Haizhou Street-Central Avenue) Road Project of the Urban Parking Lot and Supporting Facilities Construction Project in the Core Area of Taizhou City", with a winning bid price of 45.3198 million yuan.
SNBC: The subsidiary won the bid for the super ATM procurement project of the postal group
SNBC (002376) announced on the evening of December 25 that Rongxin Technology, a subsidiary of the company, won the bid for the 2023 super teller machine (STM) procurement project of China Post Group Co., Ltd.
Advertised shares: received four fixed-point notices from customers with an estimated total amount of 625 million yuan
Advertised shares (301181) announced on the evening of December 25 that the company recently received four fixed-point notices from a leading domestic automobile main engine factory and three well-known domestic new energy vehicle OEMs on new energy vehicle projects, and the designated products were 23 cooling system connection pipeline assembly products, 27 cooling system connection pipeline products, 18 cooling system connection pipeline assembly products, and 12 cooling system connection pipeline products, with a planned mass production time of 2024 and a life cycle of 4— 7 years, the total amount of the life cycle is estimated to be 625 million yuan.
Super Communication: The subsidiary intends to provide customers with GPU module procurement and sales services
Super Communication (603322) announced on the evening of December 25 that the company's wholly-owned subsidiary, Super News Equipment, signed a "Sales Contract" with Jining High-tech Ninghua Big Data Co., Ltd. to provide customers with GPU module procurement and sales services, with a contract amount of about 472 million yuan including tax.
Zuoli Pharmaceutical: The company's products are planned to be selected for the fourth batch of centralized procurement of drugs in Fujian Province
Zuoli Pharmaceutical (300181) announced on the evening of December 25 that recently, the company participated in the fourth batch of centralized drug procurement in Fujian Province, according to the Fujian Provincial Medical Security Bureau on December 19 issued the "Fujian Province Fourth Batch of Drugs Centralized Procurement Announcement (No. 10)" shows that the company's product Wuling Capsule intends to be selected for this centralized procurement.
Shijing Technology: Signed an equipment procurement contract of 104 million yuan with Taiyuan Tiansong
Shijing Technology (301030) announced on the evening of December 25 that the company recently received the "Equipment Procurement Contract" signed with Taiyuan Branch of Tiansong Construction Group Co., Ltd. (hereinafter referred to as "Taiyuan Tiansong"), with a contract amount of 104 million yuan (tax included), and the project content is battery pure water system equipment. As of December 25, the company has signed contracts with Taiyuan Tiansong for a total of 535 million yuan (including tax) in 12 consecutive months, accounting for 37.36% of the company's audited operating income in 2022.
Moulding Technology: The subsidiary obtained the designation book for the exterior trim product project of luxury car customers
Moulding Technology (000700) announced on the evening of December 25 that Shenyang Minghua, a wholly-owned subsidiary of the company, recently received a fixed-point letter for exterior trim products issued by a leading luxury car customer, with an estimated mass production time of January 2027 and a life cycle of 7 years.
NavInfo: The company's intelligent cockpit chip has been notified by an internationally renowned electronics manufacturer
NavInfo (002405) announced on the evening of December 25 that the company's subsidiary, Jiefa Technology, received a fixed-point notice from an internationally renowned electronics manufacturer that Jiefa Technology will provide a new generation of intelligent cockpit chip AC8025 from Jiefa Technology for internationally renowned electronics manufacturers. The specific sales quantity and sales amount of Jiefa Technology depend on the product sales volume of internationally renowned electronic manufacturers.
Palm shares: won the bid for the first bid section of the new hospital construction project of the First People's Hospital of Zhoukou City
Palm shares (002431) announced on the evening of December 25 that the consortium formed by the company and China Railway 17th Bureau Group Co., Ltd., China Nuclear Survey, Design and Research Co., Ltd., and China Zhongyuan International Engineering Co., Ltd. won the bid for the first section of the construction project (EPC model) of the new hospital area of the First People's Hospital of Zhoukou City. The amount of construction and safety fees involved in the winning bid of the company is 763 million yuan, accounting for 18.19% of the company's audited net assets in 2022. In addition, the company received the "prior notice of administrative punishment" delivered by the Henan Securities Regulatory Bureau, and the palm shares did not fulfill the information disclosure obligation in a timely manner on land acquisition and storage matters, and the Henan Securities Regulatory Bureau intends to decide: order the company to correct, give a warning, and impose a fine of 1.5 million yuan.
Ouma Software: Won the bid for the online marking and scanning technical service project of Shandong Provincial Education Admissions Examination Institute
Ouma Software (301185) announced on the evening of December 25 that the company won the bid for the online marking and scanning technical service project of Shandong Provincial Education Admissions Examination Institute, with a project budget of 24.3501 million yuan, accounting for 16.41% of the company's audited operating income in 2022.
【Change in Shareholding】
Newpoint Software: The free transfer of the equity of the largest shareholder was terminated
Xindian Software (688232) announced on the evening of December 25 that the company previously announced that Zhangjiagang Industrial Development Group Co., Ltd. intends to acquire 100% of the shares of the company's largest shareholder, Guotai Trade, held by the Zhangjiagang Municipal People's Government, by way of free transfer. On December 25, the company received the notice on the termination of the free transfer of 100% of the state-owned equity of Jiangsu Guotai International Trade Co., Ltd. by the Zhangjiagang State-owned Assets Management Center, in view of the immaturity of the conditions for the free transfer, out of prudence, decided to terminate the transfer of 100% equity of the State and Thailand Trade.
Jizhi shares: the controlling shareholder and its persons acting in concert agree to transfer part of the company's shares
Jizhi shares (300553) announced on the evening of December 25 that Lou Rongwei, chairman and general manager of the company, intends to transfer 4.056 million shares of the company (accounting for 5% of the company's total share capital) to Zhao Yang, and at the same time, Lou Rongwei intends to transfer 2.5632 million shares of the company (accounting for 3.16% of the company's total share capital) and 1.5035 million shares (accounting for 1.85% of the company's total share capital) held by Hangzhou Jizhi Investment Co., Ltd., a person acting in concert, to Zhao Lei. After the completion of the transfer of the above agreement, Lou Rongwei is still the controlling shareholder and actual controller of the company.
【Major Investments】
Guangzhou Development: Signed an investment and development agreement with the People's Government of Liuhe District, Nanjing
Guangzhou Development (600098) announced on the evening of December 25 that it signed an investment and development agreement with the People's Government of Liuhe District, Nanjing, for the Yeshan Pumped Storage Project in Liuhe District, Nanjing. A consortium led by the company or the company will set up a project company within the jurisdiction of the Liuhe District Government to plan and invest in the construction of Yeshan pumped storage and comprehensive cultural tourism projects as a whole. Among them, the Yeshan pumped storage project has an investment of about 7 billion yuan, with a construction scale of 1.05 million kilowatts, and the comprehensive cultural tourism project has an investment of about 800 million yuan, which is invested and implemented by a third party.
Kehui shares: plans to invest 50 million yuan to build a reluctance motor project
Kehui Co., Ltd. (688681) announced on the evening of December 25 that it signed a cooperation agreement with the People's Government of Zichuan District, Zibo City on December 25, 2023, and the company plans to invest 50 million yuan to build a reluctance motor project.
Dinglong Co., Ltd.: It is planned to increase capital and expand shares of subsidiaries to invest in the construction of an annual output of 300 tons of KrF/ArF photoresist industrialization project
Dinglong Co., Ltd. (300054) announced on the evening of December 25 that the company plans to increase the capital of its wholly-owned subsidiary, Qianjiang New Materials, and introduce two employee shareholding platforms and a new investor to jointly invest in the construction of an annual output of 300 tons of KrF/ArF photoresist industrialization project by way of capital increase and share expansion. The company and the new investor plan to simultaneously increase the capital of Qianjiang New Materials by a total of 140 million yuan, of which the company intends to subscribe to the new registered capital of Qianjiang New Materials of 102.5 million yuan with 102.5 million yuan. After the capital increase, the company's equity ratio in Qianjiang New Materials will be changed from 100% to 75%, and the company will still be the controlling shareholder of Qianjiang New Materials.
Montnets Technology: The subsidiary plans to increase its capital to New Computing Technology to obtain 51% of its equity
Montnets Technology (002123) announced on the evening of December 25 that Shenzhen Montnets, a wholly-owned subsidiary of the company, and New Computing (Beijing) Technology Co., Ltd. (hereinafter referred to as "New Computing Technology") signed the "Agreement on the Capital Increase of New Computing (Beijing) Technology Co., Ltd." on December 25, which stipulates that Shenzhen Montnets will invest no more than 11.5 million yuan to increase the capital of New Computing Technology to obtain 51% of its equity after the capital increase. The core business of the company is divided into four sectors: consulting, training, technology platform services and data operation.
【M&A】
Western Gold: It is planned to acquire 100% equity of Hengsheng Beryllium Industry for 107 million yuan
Western Gold (601069) announced on the evening of December 25 that the company intends to acquire 100% of the shares of Fuyun Hengsheng Beryllium Industry Co., Ltd. (hereinafter referred to as "Hengsheng Beryllium") held by Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., with a transaction price of 107 million yuan. After the completion of the acquisition, the two parties will give full play to the synergies in smelting, technical equipment, procurement and sales, and operation management.
Huada Technology: It is planned to issue shares and pay cash to purchase assets, and the stock will resume trading
Huada Technology (603358) announced on the evening of December 25 that it intends to purchase a total of 44% of the shares of Jiangsu Hengyi held by Ju Xiaoping, He Liping, Wan Xiaomin, Zheng Xinrong and Zou Zhanwei by issuing shares and paying cash. Jiangsu Hengyi is a holding subsidiary of the company, mainly engaged in the research and development, production and sales of battery system parts for new energy vehicles, in addition, the listed company intends to acquire a total of 10.2% of the equity of Jiangsu Hengyi held by Yibin Chendao and Ningbo Chaoxing with its own funds. After the completion of this transaction, Jiangsu Hengyi will become a wholly-owned subsidiary of the listed company. The company's shares resumed trading on December 26.
【Refinancing】
Hainan Mining: Terminated the issuance of convertible bonds to unspecified targets
Hainan Mining (601969) announced on the evening of December 25 that after comprehensively considering the current capital market environment, policy changes, the company's development plan and market financing environment and many other factors, after full communication and prudent analysis with relevant parties, the company decided to terminate the issuance of convertible corporate bonds to unspecified objects.
[Others]
China Satcom: It is estimated that the asset impairment loss will be about 260 million yuan
China Satcom (601698) announced on the evening of December 25 that recently, according to the statistics of the in-orbit telemetry data of the Zhongxing 6C satellite and the analysis and evaluation by experts, due to the failure of the satellite thruster, the satellite control subsystem works in the underconfiguration and reorganization state of the thruster, resulting in an increase in propellant consumption and a decrease in the remaining life of the satellite. According to the estimated service life of the Zhongxing 6C satellite, the company made a preliminary estimate, and it is estimated that the asset impairment loss will be about 260 million yuan.
Radio and Television Network: The company was suspected of violating laws and regulations and was filed by the Securities Regulatory Commission
Radio and Television Network (600831) announced on the evening of December 25 that the company received the "Notice of Case Filing" issued by the China Securities Regulatory Commission on December 25. Due to the company's suspected illegal information disclosure, the China Securities Regulatory Commission decided to file a case against the company. At present, the company's business activities are carried out normally.
First Pharma: Obtained ethics approval for the pivotal Phase III clinical trial of SY-3505, a third-generation ALK kinase inhibitor
First Pharma Holdings (688197) announced on the evening of December 25 that it had recently received an approval report issued by the Ethics Committee of the Cancer Hospital of the Chinese Academy of Medical Sciences, and after voting, the Ethics Committee of the hospital approved the approval application for "a randomized, controlled, multicenter phase III clinical trial to evaluate the efficacy and safety of CT-3505 capsules versus crizotinib capsules in patients with ALK-positive non-small cell lung cancer". The pivotal Phase III clinical trial of SY-3505 was officially initiated.
Xinjin Road: Director Dong Jianfeng is under disciplinary review and supervisory investigation
Xinjin Road (000510) announced on the evening of December 25 that the company recently learned that the company's director Dong Jianfeng is suspected of serious violations of law and discipline, and is currently undergoing disciplinary review and supervision investigation. The above matters will not have a significant impact on the operation of the board of directors of the company and the normal operation of the company.
Wandong Medical: X-ray computed tomography equipment obtained medical device registration certificate
Wandong Medical (600055) announced on the evening of December 25 that the company's X-ray computed tomography equipment recently received the "Medical Device Registration Certificate of the People's Republic of China" issued by the State Drug Administration.
Huasen Pharmaceutical: Received the notice of approval for drug re-registration
Huasen Pharmaceutical (002907) announced on the evening of December 25 that the company recently received the "Drug Re-registration Approval Notice" approved and issued by the Chongqing Municipal Food and Drug Administration on the company's product Pain Diarrhea Granules.
Hualu Hengsheng: The high-end solvent project was put into production
Hualu Hengsheng (600426) announced on the evening of December 25 that the high-end solvent project has opened up all processes, produced qualified products, and entered the production stage. After the high-end solvent project reaches production, it can produce 600,000 tons of dimethyl carbonate (including 300,000 tons of sales), 300,000 tons of methyl ethyl carbonate and 50,000 tons of diethyl carbonate annually. In addition, the project of replacing the construction of 3×480t/h high-efficiency and large-capacity coal-fired boiler with equal capacity has been completed and put into operation and entered the trial production stage.
Shapu Aisi: Atropine sulfate eye drops entered the phase III clinical trial and completed the enrollment of the first subject
Shapu Aisi (603168) announced on the evening of December 25 that atropine sulfate eye drops entered the phase III clinical trial and completed the enrollment of the first subject.