Selected A-share announcements | Qin Gang Co., Ltd. (601326.SH) will resume trading tomorrow to acquire part of the shares of 4 companies held by Hebei Port Group

Today's focus

1. Qingang shares: Disclosure of the restructuring plan to acquire part of the shares of 4 companies held by Hebei Port Group

Qin Gang Co., Ltd. (601326.SH) announced that it plans to purchase 25% of Tangshan Caofeidian Industrial Port Co., Ltd. shares held by Hebei Port Group, 24% of SDIC Caofeidian Port Co., Ltd., 28.2328% of Huaneng Caofeidian Port Co., Ltd., and 6% of Tangshan Caofeidian Coal Port Co., Ltd. and plans to raise supporting capital from the issuance of no more than 35 specific target shares; it is not expected to constitute a major asset restructuring. The company's A shares will resume trading on November 4.

2. Yunnan Germanium Industry: The subsidiary signed a five-year long order for indium phosphide substrates with AOI, an American optical communications company

Yunnan Germanium Industry (002428.SZ) announced that the holding subsidiary Yunnan Xinyao signed a “Long-term Supply Agreement” and “Annual Contract” with Applied Optoelectronics and is expected to purchase 180,000 pieces of 4-inch N-type indium phosphide substrates every year from 2027 to 2031; of these, the 2027 contract amount is US$194.4 million (excluding tax), equivalent to about RMB 1,305 million, accounting for 122.46% of the company's revenue in 2025. The actual delivery volume and amount are based on subsequent annual contracts and purchases The order and export license approval status shall prevail.

3. Youzu Network: plans to purchase GPU products for 4.225 billion yuan

Youzu Network (002174.SZ) announced that the wholly-owned subsidiary Shanghai Youzu Information Technology Co., Ltd. signed a “sales contract” with Company A to purchase PRO5500 (PCIe) GPU products, with a total agreement amount of 4.225 billion yuan (tax included). The funding source was a combination of own capital, bank credit, financial leasing, etc.; the company indicated that this procurement was limited by factors such as supply chain, industry supply and demand, and overseas technical controls, etc., and there are risks such as delays in batch delivery of equipment.

4. Fuling Electric Power: 41.65% of the shares will be transferred free of charge, and the direct controlling shareholder plans to change

Fuling Electric Power (600452.SH) announced that the State Grid Integrated Energy Service Group Co., Ltd. plans to transfer 639,942,063 shares (accounting for 41.65% of the total share capital) of its wholly-owned subsidiary Chuandong Electric Power to the State Grid General Energy Group free of charge. The two parties have signed the “Free Equity Transfer Agreement”; after the transfer is completed, the direct controlling shareholder of the company will change from Chuandong Electric Power to State Grid Integrated Energy Group. The actual controller is still the State Council's State-owned Assets Administration Commission.

5. Shennong Group: The actual controller divorced and divided the assets, and 78.305 million shares are to be transferred

Shennong Group (605296.SH) announced that the controlling shareholder and actual controller He Zuxun and Luo Yuen-yu went through divorce procedures and made arrangements for the division of property. According to the court's “Civil Mediation Letter”, 30% of the 261,016,651 shares directly held by He Zuxun, or 78,304,995 shares, are owned by Luo Yuen-yu alone; the two parties have signed a concerted action agreement, and this change in rights did not lead to a change in the company's control.

6. Shareholders of Pinming Technology Holdings and Samsung New Materials were filed by the Securities Regulatory Commission on the same day

Pinming Technology (688109.SH) announced that Mo Xujun, the controlling shareholder and actual controller, was filed by the China Securities Regulatory Commission on suspicion of manipulating the securities market. This is a personal investigation of Mr. Mo Xujun. He is only the honorary chairman of the company, and the filing of the case has nothing to do with the company's operations; Samsung New Materials (603578.SH) announced that the company was filed by the China Securities Regulatory Commission due to suspected illegal disclosure of information, and production and operation activities are normal.

7. Guangxun Technology: Clarifying the “Material Shortage” and “Production Shutdown” Rumors

Guangxun Technology (002281.SZ) announced that recent negative rumors circulating on online platforms about the company's “shortage of materials” and “production stoppage” are inconsistent with actual business conditions. The company's material supply is stable, production and delivery order is normal, R&D and business cooperation is progressing well, and the company reserves the right to investigate legal liability for related false statements in accordance with the law.

Operating performance

1. Solar energy: The cumulative power generation from January to October was 8.394 billion kilowatt-hours, an increase of 17.6% over the previous year

Solar Energy (000591.SZ) announced that it added 1,311.24 MW of PV operating project capacity and 4,320 MW of independent energy storage records during the same period.

2. Yutong Bus: October sales volume was 2,956 vehicles, down 2.76% year on year

Yutong Bus (600066.SH) announced that the cumulative sales volume from January to October was 33,885 vehicles, a year-on-year decrease of 7.41%.

Buyback & increase or decrease holdings

1. Joyson Electronics: Plans to repurchase shares for 150 million yuan to 300 million yuan, all for cancellation

Joyson Electronics (600699.SH) announced that the repurchase price is no more than 30 yuan/share, and the plan still needs to be submitted to the shareholders' meeting for consideration.

2. Huahai Qingke: Plans to repurchase shares for 50 million yuan to 100 million yuan for equity incentives

Huahai Qingke (688120.SH) announced that the repurchase price is no more than 335 yuan/share, and the period is 12 months after review and approval by the shareholders' meeting.

3. Guolian People's Livelihood: The controlling shareholder Guolian Group plans to increase its holdings by 80 million yuan to 100 million yuan

The League of Nations People's Livelihood (601456.SH) announced that the implementation period of the increase in holdings will be until March 31, 2027. There will be no price range, and the increase in holdings will not exceed 2% of the total share capital.

4. Xuerong Biology: The actual controller and controlling shareholder plan to increase their shares by 3% to 5%

Xuerong Biotech (300511.SZ) announced that it corresponds to 19.225,500 shares to 32.0423 million shares, and the implementation period is 6 months.

Sign a big order

1. China Western Power: won the bid for the National Grid power transmission and transformation project of about 1,1146.4 billion yuan

China Western Power (601179.SH) announced that 12 subsidiaries under the company were the winning bidders and have not yet signed formal commercial contracts with relevant agencies of the State Grid.

2. Zhejiang Construction Investment: A consortium of subsidiaries won the bid for the 1,503 billion yuan energy storage power plant project

Zhejiang Construction Investment (002761.SZ) announced that it won the bid for the Ningxia Lingwu Xinfeng 500mw/2000MWh energy storage power plant PC general contract project.