【Announcement Selection】Sanlian Board Chunguang Technology Prompts Risks;Chengzhi Shares and Tiantie Shares Announce Turnaround

【Hot Spots】

Polydi: The COFs materials mass-produced by the subsidiary have not yet been sold in batches

Polydi (300905) disclosed on the evening of April 16 that covalent organic framework materials (COFs) have important application prospects in many fields such as catalytic chemicals, gas separation and storage, biomedical purification, environmental protection, petroleum separation, nuclear industry wastewater treatment, seawater desalination, and optoelectronic materials.

The COFs materials mass-produced by the company's subsidiary, Yaoke New Materials (Suzhou) Co., Ltd. (hereinafter referred to as "Yaoke"), are in the process of industrialization and commercialization, and have not yet been sold in batches. In the future, Yaoke will increase investment in R&D and production, enrich the product types and application scenarios of COFs, and further expand production capacity to meet the growing market demand. Polydy has a 20% daily limit today.

Sanlian Board Chunguang Technology: The company's stock price may have a downside risk

Chunguang Technology (603657) issued a risk warning on the evening of April 16 that the company's stock price may be at risk of falling. From April 12 to April 16, 2024, the company's stock price has been limited for three consecutive trading days, with a large short-term increase, and there may be a downside risk after a large short-term increase.

Risk of a sharp decline in the company's 2023 annual performance: On January 31, 2024, the company disclosed the "Chunguang Technology 2023 Annual Performance Forecast", which is expected to achieve a net profit attributable to shareholders of listed companies of 27.5 million yuan to 41.2 million yuan in 2023, a year-on-year decrease of 72.04% to 58.11%, and a sharp decline from the company's performance in the same period last year. The company's circulation is small, and there is a risk of speculation in the secondary market. Chunguang Technology has a daily limit for three consecutive trading days.

【Performance】

Three squirrels: net profit of 308 million yuan in the first quarter, a year-on-year increase of 60.8%

Three Squirrels (300783) disclosed the first quarter report of 2024 on the evening of April 16, the company achieved operating income of 3.646 billion yuan in the first quarter of 2024, a year-on-year increase of 91.83%, a net profit attributable to the parent company of 308 million yuan, a year-on-year increase of 60.80%, and basic earnings per share of 0.77 yuan.

Tiandeyu: net profit in the first quarter increased by 205% year-on-year

Tiandeyu (688252) released a performance forecast for the first quarter of 2024 on the evening of April 16, and it is expected that the net profit attributable to the owners of the parent company in the first quarter of 2024 will be 32.4173 million yuan, an increase of 21.7885 million yuan compared with the same period last year, an increase of 205% year-on-year. The change in the performance of the period was mainly due to the increase in sales and market share by the Company by launching new products and optimizing the existing product structure to meet market demand.

Three Gorges Water Conservancy: The cumulative power generation capacity in the first quarter was 298 million kWh, an increase of 189.52% year-on-year

Three Gorges Water Conservancy (600116) announced on the evening of April 16 that in the first quarter of 2024, the hydropower stations of the company's subsidiaries and holding companies will have completed a total of 298 million kWh, an increase of 189.52% year-on-year. The hydropower stations of the company's subsidiaries and holding companies have completed a total of 293.44 million kWh of on-grid electricity, an increase of 191.23% year-on-year.

Shenghua New Materials: net profit in the first quarter increased by 175.25%-312.88% year-on-year

Shenghua New Materials (603026) released an announcement on the expected increase in performance for the first quarter of 2024 on the evening of April 16, and it is expected that the net profit attributable to shareholders of listed companies in the first quarter of 2024 will be 22 million yuan to 33 million yuan, a year-on-year increase of 175.25% to 312.88%. In the first quarter of 2024, the market gradually recovered, and the company's units operated stably due to the recovery of downstream demand.

Xuantai Pharmaceutical: net profit in the first quarter increased by 201% year-on-year

Xuantai Pharmaceutical (688247) released a performance forecast for the first quarter of 2024 on April 16, and it is expected to achieve a net profit attributable to the owners of the parent company of 23.1986 million yuan in the first quarter of 2024, a year-on-year increase of 201%. During the reporting period, the company seized market opportunities and increased product sales, and product sales revenue increased significantly compared with the same period last year.

Chengzhi shares: net profit of 154 million yuan in the first quarter year-on-year turnaround

Chengzhi Co., Ltd. (000990) disclosed the first quarter report of 2024 on the evening of April 16, the company achieved operating income of 2.721 billion yuan, a year-on-year decrease of 19.14%, a net profit of 154 million yuan, a loss of 56.9798 million yuan in the same period last year, a year-on-year turnaround, and basic earnings per share of 0.13 yuan. The increase in performance was mainly due to the continuous improvement of the company's operation and the increase in the profitability of its main products during the period.

Tiantie shares: 13 million yuan - 18 million yuan in the first quarter, year-on-year turnaround

Tiantie Co., Ltd. (300587) released a performance forecast on the evening of April 16, and it is expected that the net profit attributable to the parent company in the first quarter of 2024 will be 13 million yuan to 18 million yuan, and the loss in the same period last year will be 8.8281 million yuan, a year-on-year turnaround. In the first quarter of 2024, the normal construction of some projects that were delayed, hindered and slow in construction progress due to the phased external environment and other reasons resumed normal construction, which had a positive impact on the revenue of the company's vibration reduction business. In addition, in the first quarter of 2024, with the improvement of downstream demand, the price of lithium salt products began to show signs of recovery.

Obi Zhongguang: First-quarter revenue is expected to increase by about 52% year-on-year

Obi Zhongguang (688322) released the first quarter of 2024 performance forecast on the evening of April 16, since 2023, the company has focused on self-developed core technologies and products for the application of business breakthroughs, and the reporting period has achieved initial results, the company's operating income in the first quarter of 2024 increased by about 51.81% over the same period last year, of which medical insurance verification, three-dimensional scanning and other fields showed a rapid growth trend.

Zhaomin Technology: net profit in the first quarter increased by 68%-97% year-on-year

Zhaomin Technology (301000) released a performance forecast on the evening of April 16, and it is expected that the net profit attributable to the parent company in the first quarter of 2024 will be 34 million yuan to 40 million yuan, a year-on-year increase of 68%-97%.

During the reporting period, the company continued to develop new products, fully expand market share and product value, and strive to improve the performance and quality of products, and the number of project points and new customers continued to increase, especially in the new energy vehicle parts market, which was applied to a number of well-known brands of new energy vehicles at home and abroad and entered the mass production stage, and the profit increased over the same period last year.

Lishang Guochao: net profit in the first quarter increased by 144.57%-160.87% year-on-year

Lishang Guochao (600738) released the first quarter of 2024 performance forecast on the evening of April 17, and the company expects to achieve a net profit attributable to shareholders of listed companies of 60 million yuan to 64 million yuan in the first quarter of 2024, an increase of 144.57% to 160.87% year-on-year. The company's professional market operation in the current period has been rapidly restored, the rent level has been relatively increased, and the commercial and retail business has continued to develop, resulting in a significant increase in the profitability of the main business.

BIWIN Storage: In the first quarter, it is expected to achieve a net profit of 150 million yuan to 180 million yuan year-on-year

BIWIN Storage (688525) released its performance forecast for the first quarter of 2024 on the evening of April 16, and it is expected that the net profit attributable to the owners of the parent company in the first quarter of 2024 will be 150 million yuan to 180 million yuan, compared with the same period last year (statutory disclosure data).

In addition, the company continued to increase R&D investment in the fields of storage solution R&D, chip design, advanced packaging and testing and test equipment, and the R&D expenditure in the first quarter of 2024 was approximately 100 million yuan, a year-on-year increase of more than 200%.

Haomei New Materials: net profit of 58.7133 million yuan in the first quarter, a year-on-year increase of 177.6%

Haomei New Materials (002988) disclosed the first quarter report of 2024 on the evening of April 16, the company's operating income in the first quarter of 2024 was 1.411 billion yuan, a year-on-year increase of 7.85%, the net profit attributable to the parent company was 58.7133 million yuan, a year-on-year increase of 177.6%, and the basic earnings per share was 0.24 yuan.

【Repurchase】

Jianghan New Materials: It is proposed to adjust the upper limit of the price of repurchased shares to no more than 25 yuan per share

Jianghan New Materials (603281) announced on the evening of April 16 that the company intends to adjust the upper limit of the price of the repurchased shares from no more than 23.5 yuan / share to no more than 25 yuan / share, and the number of repurchased shares is about 2 million to 4 million shares according to the adjusted upper limit of 25 yuan / share.

Guangfeng Technology: The chairman proposed 20 million yuan to 30 million yuan to repurchase the company's shares

Guangfeng Technology (688007) announced on the evening of April 16 that Li Yi, the actual controller, chairman and general manager of the company, proposed to repurchase the company's shares again with over-raised funds and its own funds, with a repurchase price of no more than 27 yuan per share (inclusive), and a total repurchase fund of no more than 30 million yuan (inclusive) and not less than 20 million yuan (inclusive), and the repurchased shares will be used for employee stock ownership plans or equity incentives.

Minde Electronics: The actual controller proposed that the company repurchase shares for 30 million yuan to 60 million yuan

Minde Electronics (300656) announced on the evening of April 16 that Xu Wenhuan, the company's controlling shareholder, actual controller, chairman and general manager, proposed that the company repurchase shares with 30 million yuan to 60 million yuan, and all the repurchased shares were used for equity incentives and employee stock ownership plans.

Jingu shares: The chairman proposed that the company repurchase shares for 30 million yuan to 60 million yuan

Jingu shares (002488) announced on the evening of April 16 that Sun Fengfeng, chairman of the company, proposed that the company repurchase shares with 30 million yuan to 60 million yuan, and the repurchased shares are intended to be used to implement equity incentives or employee stock ownership plans in the future.

【Change in Shareholding】

Yatong shares: plans to transfer 100% equity of Shanghai Yinma Industrial Co., Ltd

Yatong Co., Ltd. (600692) announced on the evening of April 16 that it intends to transfer 100% of the equity of Shanghai Yinma Industrial Co., Ltd. to Dongtan Construction through a non-public agreement on the Shanghai United Equity Exchange, and the transaction price is determined to be 22.1324 million yuan based on the evaluation results. This transaction is expected to positively affect the company's book profit in 2024 of about 5.9292 million yuan.

【M&A】

Starlight shares: plans to increase capital to acquire 51% equity of Guangdong Ruifeng Culture Technology

Xingguang shares (002076) announced on the evening of April 16 that the company intends to use its own funds of 35.3878 million yuan to increase the capital of Guangdong Ruifeng Culture Technology Co., Ltd. (hereinafter referred to as "Guangdong Ruifeng Culture and Technology"), after the completion of the capital increase, the registered capital of Guangdong Ruifeng Culture and Technology increased from 20.08 million yuan to 40.9796 million yuan, the company will hold 51% of the equity of Guangdong Ruifeng Culture Technology, and Guangdong Ruifeng Culture Technology will become the company's holding subsidiary. This investment is conducive to promoting the rapid development of the company's cultural tourism commercial lighting, stage lighting, urban lighting and other businesses, forming a new growth point.

Henglin shares: terminated the purchase of 100% equity of Hengsheng Zhisuan, a related party

Henglin shares (603661) announced on the evening of April 16, previously announced, the company intends to purchase 100% of the equity of Hengsheng Intelligent Computing and carry out server procurement, after the signing of the "Equity Acquisition Agreement", the company continues to pay attention to the delivery progress of the computing power server purchased by the target company, as of the "Equity Acquisition Termination Agreement" On the date of signing, the delivery progress of the server was less than expected, and after taking into account the factors such as the company's core main business oriented by foreign trade exports and the long-term coordinated development of the company's business, it is believed that the implementation conditions of the equity acquisition have changed greatly, and the company intends to terminate the purchase of related party equity and carry out server procurement.

ZWSOFT: It plans to acquire 35.34% of the equity of Beijing Bochao for 53.0061 million yuan

ZWSOFT (688083) announced on the evening of April 16 that the company plans to use 53.0061 million yuan of its own funds to acquire 35.34% of the shares of Beijing Bochao held by Lin Fei, Xiao Zhou, Li Yonghe, Cao Weiwei, Jianzhao Technology and Jianyuan Changxing, minority shareholders of Beijing Bochao. After the completion of the transaction, the company holds 100% of the equity of Beijing Bochao, which is a wholly-owned subsidiary of the company. Beijing Bochao is a high-tech enterprise dedicated to the research and development of electrical industrial design software and engineering digital services.

[Others]

Xinyu Guoke: The company was banned from participating in the procurement of materials and engineering services for the whole army for 2 years

Xinyu Guoke (300722) announced on the evening of April 16 that the Army Procurement Network (hereinafter referred to as the "Military Procurement Network") issued a penalty announcement on April 16, and the Procurement and Supply Bureau of the Army Logistics Department decided to prohibit the company from participating in the procurement of materials and engineering services for 2 years from April 16, 2024 in accordance with the relevant regulations on the management of military suppliers.

During the prohibition period, other enterprises controlled or managed by the legal representative Jin Weiping are prohibited from participating in the military procurement activities within the above-mentioned scope, and Hou Shuai, the bidding representative, is prohibited from participating in the military procurement activities within the above-mentioned scope on behalf of other suppliers.

Due to the fact that the company's business income from material engineering services with the military in recent years is very small (the proportion of operating income with the military from 2021 to 2023 does not exceed 1.5% of the company's main business income every year), the impact on the company's overall operation is very small. This penalty decision is not an administrative penalty, and does not touch the situation of mandatory delisting for major violations stipulated by the Shenzhen Stock Exchange.

Yangtze River Materials: The subsidiary obtained a mining license

Changjiang Materials (001296) announced on the evening of April 16 that recently, Zhangwu Minerals, a wholly-owned subsidiary of the company, has completed the work related to the conversion of prospecting rights to mining rights of Taijia natural quartz sand mine in Zhangwu County, Liaoning Province, and obtained the "Mining License" issued by the Natural Resources Bureau of Fuxin City. Quartz sand is the main raw material required for the company's production, and Zhangwu Minerals' acquisition of the "Mining License" will further enhance the company's ability to guarantee raw sand resources.

Luxi Chemical: The approval of the issuance of shares to absorb and merge Luxi Group expired

Luxi Chemical (000830) announced on the evening of April 16 that on April 17, 2023, the China Securities Regulatory Commission issued the "Reply on Agreeing to the Registration of Luxi Chemical Group Co., Ltd. to Absorb and Merge Luxi Group Co., Ltd.", agreeing to the company's registration application for absorption and merger of Luxi Group Co., Ltd., which is valid for 12 months from the date of issuance.

Affected by the accident of the company's subsidiary on May 1, 2023, the company failed to complete the share issuance within 12 months from the date of the approval issued by the CSRC, and the approval will automatically become invalid when it expires. At present, the company's production and operation are normal, and the expiration of this approval will not have a significant impact on the company's production and operation activities.

Super Communication: A lawsuit was filed against Lanzhou Kewen Tourism because the cooperation intention was not returned after the expiration of the cooperation intention period

Super Communication (603322) announced on the evening of April 16 that in view of the fact that the company's "strategic cooperation agreement" signatory, Lanzhou Kewen Tourism, has not returned the cooperation intention after the expiration of the period, the company filed a lawsuit against Lanzhou Kewen Tourism to the Guangzhou Intermediate People's Court on April 8, and received the "Notice of Acceptance of the Case" served by the court on April 15, involving an amount of 218 million yuan.