A-share announcement highlights | 7 consecutive boards Kunshan Kersen Science & Technology(603626.SH): The company's folding screen hinge assembly business has a single customer.

Today Focus 1. Kunshan Kersen Science & Technology, which has been on a 7-day consecutive rise, announced that its folding screen hinge assembly business has a single customer. The company has recently been included in the concept stocks of folding screens by the media. Upon self-inspection, it was found that the company's folding screen hinge assembly business has a single customer, and currently the company uses externally purchased structural components for the assembly of folding screen mobile phone hinges. As of the date of this announcement, there has been no revenue generated for the year 2024. The company expects that the revenue generated by this business within the year will account for less than 1% of the total revenue for the year 2024, making a limited contribution to the company's overall revenue for 2024. 2. Guolian: Major asset restructuring approved by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission. Guolian announced that the company plans to issue A-shares to purchase 99.26% of the shares of Minsheng Securities Co., Ltd. and raise supporting funds for a significant asset restructuring, which has received approval from the Jiangsu Provincial State-owned Assets Supervision and Administration Commission. This transaction constitutes a major asset restructuring and a related party transaction, but does not constitute a restructuring for listing. The transaction is still subject to approval by the company's shareholders' meeting, A-share category shareholders' meeting, H-share category shareholders' meeting, as well as approval, confirmation, or registration by the relevant regulatory authorities. 3. China Shenhua Energy: Subsidiary obtains approval from the National Development and Reform Commission for two projects with total investments of 13.3 billion yuan each. China Shenhua Energy announced that its controlling subsidiary, Shenhuaxinjie Energy Co., Ltd., has received approval from the National Development and Reform Commission for the Xinjie First and Xinjie Second projects in the Xinjie Taigemiao Mining Area in Inner Mongolia. The construction scale of the two projects is 8 million tons/year, with total investments of 13.48 billion yuan and 13.163 billion yuan, respectively, with capital contribution ratios of 30.5% and 30.6%. Xinjie Energy is actively advancing preparations for the commencement of the projects. 4. Fujian Nanwang Environment Protection Scien-tech: Director and Vice General Manager Wang Xianfang under investigation. Fujian Nanwang Environment Protection Scien-tech announced that the company's director and Vice General Manager Wang Xianfang is under investigation by the Huian County Public Security Bureau for suspected bribery of non-state employees. The case is currently under investigation by the public security authorities, and specific details are pending confirmation from the relevant government departments. Apart from Wang Xianfang, the company's other senior executives are performing their duties as usual, and the production, operation, and management situation is normal. The company has made proper arrangements for the related matters and does not expect them to have a significant impact on its normal production and operation. 5. Baoding Tianwei Baobian Electric, which has risen for 2 consecutive days, released a statement regarding abnormal fluctuations in stock trading. Baoding Tianwei Baobian Electric announced that the integration of the power transmission and transformation equipment business between the Weapons and Equipment Group and China Electrical Equipment is still in the planning stage. The relevant plan still needs to go through internal decision-making procedures and obtain approval from the relevant regulatory authorities. The matter has uncertainties, and investors are advised to pay attention to the risks. 6. Zhejiang Dragon Technology, which has risen for 2 consecutive days, released a risk warning statement regarding stock trading. The company has recently noticed significant market attention towards the "folding screen" concept. Upon verification, the company produces PBO monomers used for supplying downstream customers with synthetic PBO fiber materials. PBO fibers have wide application areas, including aerospace, heat protection, material reinforcement, communication electronics, special ropes, etc. The company's PBO monomer business is still in a market cultivation stage, with the revenue share of PBO monomers in the first half of 2024 not exceeding 5%. The company's stock turnover rate fluctuates significantly, with a higher price-earnings ratio than the industry average. 7. Sundiro Holding: The subsidiary Wugong Group Yaxing Branch No.1 Well experienced a safety incident resulting in production suspension. Sundiro Holding announced that on August 30, 2024, a safety incident occurred at the Yaxing Branch No.1 Well of Inner Mongolia Yikestone Wugong Coal (Group) Co., Ltd., of which the company owns a 51% stake. The incident led to one hook operator being injured and subsequently dying after being taken to the hospital without response to resuscitation efforts. Following the incident, the Yaxing Branch No.1 Well was shut down for rectification. In the fiscal year 2023, the Yaxing Branch No.1 Well achieved operating income of 744 million yuan, accounting for 60.78% of the company's operating income and contributing a net profit of 152 million yuan to the company; in the first half of 2024, it generated operating income of 307 million yuan, accounting for 76.00% of the company's operating income and contributing a net profit of 59.9073 million yuan. The Yaxing Branch No.1 Mine is a significant contributor to the company's net profit. As the duration of the shutdown is uncertain, the financial impact on the company cannot be predicted. 8. Pinlive Foods: The company and related personnel received a warning letter from the Shanghai Securities Regulatory Bureau. Pinlive Foods announced that the company recently received a decision from the Shanghai Securities Regulatory Bureau on issuing a warning letter to Pinlive Foods Co., Ltd., Wang Mu, and Zhu Guohui. The company was found to have violated regulations, including mixing fundraising with its own funds for cash management and permanently using over 30% of the total excess funds raised in the past 12 months to supplement working capital. Chairman Wang Mu and company secretary and CFO Zhu Guohui bear primary responsibility for these violations. The Shanghai Securities Regulatory Bureau decided to issue a warning letter as an administrative supervisory measure against the company, Wang Mu, and Zhu Guohui.Applying for approval from the Shenzhen Stock Exchange to issue shares to specific recipients of iron and titanium.Sichuan Anning Iron And Titanium Announcement: The company has received a "Notice Letter" issued by the Shenzhen Stock Exchange Listing Review Center. The issuing and listing review institution of the Shenzhen Stock Exchange has reviewed the company's application for issuing shares to specific targets and believes that the company meets the conditions for issuance, listing, and disclosure requirements. Subsequently, the Shenzhen Stock Exchange will proceed with the relevant registration procedures with the China Securities Regulatory Commission. Thalys Medical Technology Group Corporation: Received an administrative supervision decision from the Hubei Securities Regulatory Bureau Thalys Medical Technology Group Corporation Announcement: The company has received a "Decision of the Hubei Securities Regulatory Bureau on issuing a warning letter to Thalys Medical Technology Group Corporation, Wen Wei, Wang Zheng, and Cai Feng." The company failed to complete the cancellation procedures within the specified time after repurchasing shares twice, and failed to disclose relevant information in a timely manner. Wen Wei, as the chairman of the company, Wang Zheng as the general manager, and Cai Feng as the secretary of the board of directors, failed to fulfill their duties diligently and responsibly, taking primary responsibility for the above violations. The Hubei Securities Regulatory Bureau has decided to issue a warning letter to the company, Wen Wei, Wang Zheng, and Cai Feng, as an administrative supervision measure, and to record it in the integrity file of the securities and futures market. Shenzhen Sunxing Light Alloys Materials: Intends to acquire 0.56% stake in Zhejiang Hongxin Semiconductor Co., Ltd. for 10 million RMB Shenzhen Sunxing Light Alloys Materials Announcement: The company has signed a share transfer agreement with Zhejiang Hongxin Semiconductor Co., Ltd. and its actual controller Wu Huiming and shareholder Anyang Huizheng, intending to acquire 0.5556% stake held by Anyang Huizheng in the target company for 10 million RMB. The company's by-product of potassium fluoroaluminate high-efficiency purified alpha-phase high-purity alumina produced by aluminum grain refinement agent is in collaboration with the target company in the alumina (Al2O3) business, supplying high-purity alumina to the target company for the preparation of ceramic materials and related semiconductor components, facilitating the synergy between the company and the target company in production technology, upstream and downstream channels, etc. Chn Energy Changyuan Electric Power: Completed a power generation of 4.013 billion kilowatt-hours in August, an increase of 35.75% year-on-year Chn Energy Changyuan Electric Power Announcement: In August 2024, the company completed a power generation of 4.013 billion kilowatt-hours, an increase of 35.75% year-on-year. Among them, thermal power generation increased by 43.05% year-on-year, hydropower generation decreased by 64.63% year-on-year, and new energy generation increased by 58.83% year-on-year. The cumulative power generation from January to August was 25.068 billion kilowatt-hours, an increase of 15.58% year-on-year. Among them, cumulative thermal power generation increased by 14.30% year-on-year, cumulative hydropower generation decreased by 4.26% year-on-year, and cumulative new energy generation increased by 56.67% year-on-year. Sunshine Guojian Pharmaceutical: Received a dividend of $62.4247 million from an equity investment company Sunshine Guojian Pharmaceutical Announcement: The company holds a 7.87% stake in the equity investment company Numab Therapeutics, AG. According to a special shareholder resolution related to its subsidiary made by Numab, Numab distributed a special dividend to its shareholders, and after completing all steps, the company received $62.4247 million. In accordance with relevant accounting standards, the above dividend will be included in the company's 2024 annual profit and loss, positively impacting the company's operational performance for 2024. Chongqing Port: Wholly-owned subsidiary intends to acquire 68% equity of a company belonging to Suzhou for 181 million RMB Chongqing Port Announcement: The wholly-owned subsidiary Chongqing Port Wanzhou Company intends to acquire 68% equity of a company belonging to Wanzhou Port Group held by Suzhou for 181 million RMB through private agreement. Jiangsu Sidike New Materials Science & Technology: Cancels capital increase to joint venture company Jiangsu Sidike New Materials Science & Technology Announcement: The company previously intended to jointly increase capital to Jiangsu Sidike New Materials Science & Technology with Suzhou Anjie Technology with a total investment of 26 million RMB, with the company contributing 11.7 million RMB based on a 45% shareholding. Considering the current market situation, after friendly negotiations between the company, Suzhou Anjie Technology, and Jiangsu Sidike New Materials Science & Technology, Suzhou Anjie Technology will independently increase capital to Jiangsu Sidike New Materials Science & Technology by 14 million RMB. The company, as a shareholder of Jiangsu Sidike New Materials Science & Technology, voluntarily waives participation in this capital increase. After the capital increase, the company will hold Jiangsu Sidike New Materials Science & Technology.The equity stake in Materials Science & Technology has decreased from 45.0000% to 28.4211%.Buyback & Increase/Decrease Holdings 1. Guangdong Mingzhu Group: Plans to repurchase shares for 150 million to 236.5 million yuan 2. Great Microwave Technology: Controlling shareholder and Chairman propose to repurchase company shares 3. Nextool Technology: General Manager proposes to repurchase company shares for 20 million to 30 million yuan 4. Tianjin Port: Indirect controlling shareholder plans to increase holdings by approximately 50 million yuan 5. Zhejiang Canaan Technology: Controlling shareholder plans to increase holdings of 1 million to 2 million shares of the company 6. ChengDu Sheng Nuo Biotec: Lepu Medical Technology plans to reduce holdings of no more than 2% of the company's shares Big Orders 1. Ningbo Sanxing Medical Electric: Wins bid for approximately 143 million yuan National Grid procurement project 2. Hangzhou Sunrise Technology: Wins bid for 120 million yuan National Grid procurement project This article is reprinted from "Tencent Self-selection Stock". Editor: Chen Wenfang.