A-share announcement compilation | 12 consecutive trading days suspension of Baoding Tianwei Baobian Electric (600550.SH) warns of risks.
19/09/2024
GMT Eight
Focus today
1. 12-day 8-board Baoding Tianwei Baobian Electric: The company's stock price has had a significant short-term increase, there may be stock price speculation risks.
Baoding Tianwei Baobian Electric issued a notice of abnormal fluctuations in stock trading. The integration of the transformer equipment business with China Electrical Equipment by the Weapon and Equipment Group is still in the planning stage, and the relevant proposals still need to go through internal decision-making procedures and obtain approval from relevant regulatory authorities. The uncertainties of these matters require investors to pay attention to the risks.
Since September, the company's stock price has increased by 127.7%, with a turnover rate of 115.99%. As of September 19, 2024 closing, the company's closing price-earnings ratio (TTM) was -130, price-to-book ratio was 35.21, much higher than the industry average price-to-book ratio of 2.18. The company's stock has shown a significant short-term increase in price, high turnover rate, and high price-to-book ratio, indicating potential stock price speculation risks.
2. 3 consecutive boards Beijing Electronic Zone High-tech Group: The new business has not yet contributed significantly to the company's revenue and profits.
Beijing Electronic Zone High-tech Group issued a risk warning notice for stock trading, stating that the company is currently operating dozens of technology spaces and technology innovation service projects. The company is facing many challenges in its operations due to a complex and challenging market environment. The demand for industrial park space has significantly decreased, the market performance has not met expectations, and there is pressure on industrial investment. Additionally, the company's business is still in the transition phase towards technology city renewal services, technology industry services, and information and digital services, with the new business not yet contributing significantly to the company's revenue and profits.
3. Anhui Xinli Finance: Controlling shareholder intends to change to Huilong Investment
Anhui Xinli Finance announced that it has received notice from Xinli Science and Technology that Xinli Science and Technology intends to transfer a total of 121 million shares of Anhui Xinli Finance to Huilong Investment through an agreement. After this equity change, Huilong Investment will directly hold 121 million shares of the company, accounting for 23.60% of the total share capital and becoming the controlling shareholder of the company, while the actual controller of the company will remain Anhui Provincial Supply and Marketing Cooperative Union. This transfer of equity will not change the actual controller of the company and will not have a negative impact on the normal production and operation or continued development of the company. However, the completion of this equity transfer is subject to approval from the appropriate authorities and the signing of the equity transfer agreement, with inherent uncertainties and risks.
4. 3 consecutive boards Dalian Thermal Power: The company's stock has a significant short-term increase, with certain trading risks.
Dalian Thermal Power issued a risk warning notice for stock trading, stating that the company's stock has shown a significant short-term increase in price and volatility, posing certain trading risks. As of September 19, 2024 closing, the company's closing price-earnings ratio (TTM) was -18.02 and price-to-book ratio was 5.06. The company's price-to-book ratio has already exceeded the industry average of 1.87 for the electricity, heat production, and supply sector. The company has confirmed through its own inspection that its recent production and operations are normal and there have been no significant changes in its internal and external operating environment. However, due to the high coal prices and increased depreciation costs from completed projects, the company's operating costs remain high.
5. 3 days 2 boards Yangmei Chemical: Foryou Corporation plans to increase its investment in Lu'an Chemical by 24.19%
Yangmei Chemical issued a notice of abnormal fluctuations in stock trading, stating that the controlling shareholder Foryou Corporation intends to increase its investment in Lu'an Chemical by 24.19% of the company's shares. After the capital increase, Lu'an Chemical will directly hold 24.19% of the company's shares, becoming the largest shareholder of the listed company, while Foryou Corporation will no longer hold any shares of the company. Currently, the relevant equity changes will require compliance review and confirmation by the Shanghai Stock Exchange regarding the transaction, as well as completing the share transfer registration procedures with China Securities Depository and Clearing Corporation Limited. The company will actively monitor the progress of these matters and fulfill its disclosure obligations in a timely manner.
6. ZOOMLION: Termination of the split of subsidiary HITOP through reorganization with Shenzhen Roadrover Technology for listing
ZOOMLION announced that, given the significant changes in the market environment compared to the initial planning of the split, the company has decided to terminate the split of its subsidiary HITOP through reorganization with Shenzhen Roadrover Technology for listing. The company has held board of directors and supervisory board meetings to discuss this decision, which will still need to be approved by the shareholders' meeting. The termination of the split will not have a substantive impact on the company, its current production and operation, or financial condition, and will not affect the implementation of its future strategic plans. On November 17, 2023, the Hong Kong Stock Exchange confirmed that the company can proceed with the split.
7. Yangzhou Yaxing Motor Coach: Shanghai Stock Exchange accepts the company's application to voluntarily delist its stock
Yangzhou Yaxing Motor Coach announced that it plans to voluntarily withdraw its A shares from trading on the Shanghai Stock Exchange through a resolution passed at a shareholders' meeting, and instead apply for listing on the National Equities Exchange and Quotations system. On September 13, 2024, the company submitted the application to delist to the Shanghai Stock Exchange and received confirmation of acceptance on September 19. The delisting resolution was approved at a shareholders' meeting held on August 26, 2024.
8. Hwatsing Technology: Precision thinning of 12-inch ultra-precision wafers.The machine completes the first verification.Hwatsing Technology announcement, the company's 12-inch ultra-precision wafer thinning machine Versatile-GP300 has completed the first validation, marking its performance being recognized by customers and meeting the needs for mass production. This machine model, with innovative layout and advanced technology, has advantages such as high precision and rigidity, suitable for manufacturing processes such as integrated circuits and advanced packaging. With the application of advanced packaging technologies such as HBM, the demand for thinning equipment in the market will significantly increase.
Financial Performance
Guilin Layn Natural Ingredients Corp.: Net profit for the first three quarters is expected to increase by 100% - 150% year-on-year.
Hefei Fengle Seed: Operating revenue for the 2023-2024 seed industry annual year-on-year increase by 28.64%.
Buybacks
Sinomag Technology: Plans to repurchase company shares worth 20-40 million yuan.
Wuchan Zhongda Group: Plans to repurchase company shares worth 20-40 million yuan.
JZJ Chain Drugstore Corporation: Plans to repurchase company shares worth 20-30 million yuan.
Increase and Decrease Holdings
Shanghai Bolex Food Technology: Chairman plans to increase holdings of company stock by 10-11 million yuan.
Shandong Sinoglory Health Food: Controlling shareholder Gao Zelin plans to increase holdings of company shares by 250,000 to 500,000 shares.
Sunyes Manufacturing: Two shareholders plan to collectively reduce their holdings by up to 6%.
Finework: Hunan Intellectual Property and its concerted action plan to collectively reduce holdings by no more than 3%.
Wuhan Lincontrol Automotive Electronics Co., Ltd.: Shareholders Tan Chun and Director Wu Zhanghua plan to reduce their holdings in the company.
CNSIG Inner Mongolia Chemical Industry: Chairman plans to increase holdings of company shares by 150,000 to 200,000 yuan.
Large Orders
Sinomach Automobile: Wholly-owned subsidiary won a 250 million yuan engineering general contracting project.
LB Group Co., Ltd.: Subsidiary won the survey and exploration rights for the Changchong Titanium Mine with a bid of 99.9 million yuan.
Xinhua Winshare Publishing & Media: Signed a government textbook procurement contract worth about 1.256 billion yuan.
Wuxi Autowell Technology Co., Ltd.: Wholly-owned subsidiary signed a sales contract worth about 400 million yuan.
This article is reprinted from "Tencent Stock Selection". Editor: Xu Wenqiang.