Selected A-share announcements | Multiple stocks including Shanghai Laiyifen (603777.SH) have been continuously hitting the limit, prompting trading risks.

Focus Today 1. Shanghai Laiyifen, which has had 5 consecutive trading days of gains: The company's sales on WeChat channels account for less than 1% of the company's revenue Shanghai Laiyifen announced abnormal fluctuations in stock trading and is mainly engaged in the research and development, commission production, sales and brand operation of leisure food, as well as chain operation business. The sales on WeChat channels account for less than 1% of the company's revenue, and there is great uncertainty in the growth trend of this channel in the future. The company's products, main business, and business model have not undergone significant changes. 2. Shenzhen Kingdom Sci-Tech: Planning for a change in controlling interest, stock trading halted Shenzhen Kingdom Sci-Tech announced that the company is planning for a major event that may result in a change in controlling interest. The company's stock has been halted from trading since January 16, 2025 (Thursday), and the trading suspension is expected to last no more than 2 trading days. 3. Beijing Wantai Biological Pharmacy Enterprise: Expects a 90% to 93% decrease in net profit in 2024 Beijing Wantai Biological Pharmacy Enterprise announced that it expects to achieve a net profit attributable to the owners of the parent company of 86 to 120 million yuan in 2024, a decrease of 90.38% to 93.11% year-on-year. The main reason is that the vaccine sector has been affected by market adjustments, government procurement, and the expansion of the nine-valent HPV vaccine age range, resulting in lower-than-expected sales, and a significant decrease in revenue and profits. At the same time, the company has promoted international market sales through multiple ways and channels, with overseas operating income increasing by 55% compared to the same period last year. The sales revenue and profits of the diagnostic sector have also shown rapid growth compared to the same period last year. 4. Nanjing Chemical Fibre: Expects a loss of 393 million to 570 million yuan in 2024 Nanjing Chemical Fibre announced that, according to preliminary estimates by the finance department, the company is expected to achieve a net profit attributable to shareholders of the listed company of -393 million yuan to -570 million yuan in 2024. The company's wholly-owned subsidiary, Nanjing Jinling Biopolymer Fiber Co., Ltd., and controlling subsidiary, Shanghai Yueke New Materials Co., Ltd., have operated at a loss in 2024, with signs of impairment in the value of fixed assets, construction in progress, inventory for Nanjing Jinling Biopolymer Fiber, and fixed assets, construction in progress for Shanghai Yueke. 5. Espressif Systems: Expects a 120%-150% increase in net profit in 2024 Espressif Systems expects to achieve operating income of 1.985 to 2.015 billion yuan in 2024, an increase of 39% to 41% year-on-year. Net profit attributable to the owners of the parent company is expected to be 300 million to 340 million yuan, an increase of 120% to 150% year-on-year. Net profit after deducting non-recurring gains and losses is expected to be 280 to 320 million yuan, an increase of 157% to 194% year-on-year. The revenue growth in this period is mainly due to the continuous increase in digitalization and intelligence penetration in various downstream industries and the gradual expansion of potential new clients in 2023-2024. The company's gross profit margin is maintained at above 40%, achieving the expected target. The main expense is research and development investment, which is expected to increase by 20% to 25% year-on-year. When revenue growth exceeds the growth rate of research and development expenses, operational leverage drives profit growth quickly. The above forecasted data are preliminary and specific accurate financial data will be based on the company's officially disclosed audited financial report for 2024. 6. Hubei Dinglong: Expects a profit of 490 million to 530 million yuan in 2024, a year-on-year increase of about 121%-139% Hubei Dinglong released its 2024 annual performance forecast, expecting a net profit attributable to the shareholders of the listed company of 490 million to 530 million yuan, a year-on-year increase of about 120.71% to 138.73%. The semiconductor materials business and the integrated circuit chip design and application business are expected to achieve operating income of about 1.56 billion yuan, a year-on-year increase of about 79%; the printing copier general supplies business is expected to achieve operating income of about 1.8 billion yuan, with a slight increase year-on-year. 7. 5 consecutive days of gains for Soho Holly Corporation: The main business has not changed and does not involve AI-related technology Soho Holly Corporation announced abnormal fluctuations in stock trading and stated that the main business of the company has not changed and does not involve AI-related technology. The intelligent plush toys introduced by the company's holding subsidiary, Jiangsu Hongye Yongheng Import and Export Co., Ltd., contain modules with AI functions to enable them to communicate with users, but this does not involve AI-related technology. This product has not yet been launched for sale, and the future revenue also has uncertainty. 8. 5 days with 4 consecutive days of gains for Zhejiang XCC Group: The latest TTM P/E ratio is 122.46 times, deviating from the industry 184.46% Zhejiang XCC Group announced abnormal fluctuations in stock trading and as of January 15, 2025, the company's latest TTM P/E ratio is 122.46 times. According to Wind financial terminal data, the latest TTM P/E ratio of the China Securities Regulatory Commission industry classification "C34 General Equipment Manufacturing" is 43.05 times, deviating from the industry by 184.46%; the company's TTM P/E ratio valuation is significantly higher than that of the industry, and investors are advised to pay attention to investment risks. According to the company's self-inspection, the company's production and operation are normal at present, the domestic business is stable, affected by the policy and operating environment changes in Mexico, the performance of the company's Mexican factory in 2024 fell below expectations, with a loss of nearly 20 million in the first three quarters, and there have been no major changes in the internal and external environment, nor any expected significant changes. The company does not have any other significant information that should be disclosed and has not been disclosed. 9. Today's FocusIndustrial Bank: Net profit in 2024 is 77.205 billion yuan, a year-on-year increase of 0.12%.Industrial Bank announced its 2024 annual performance report, achieving a total profit of 87.12 billion yuan during the reporting period, a year-on-year increase of 3.31%; the net profit attributable to shareholders of the parent company was 77.205 billion yuan, a year-on-year increase of 0.12%. As of the end of 2024, the total assets of the company were 10.51 trillion yuan, an increase of 3.47% over the previous year, with outstanding loans amounting to 5.74 trillion yuan, an increase of 5.05% over the previous year. Total liabilities were 9.62 trillion yuan, an increase of 2.85% over the previous year, with total deposits amounting to 5.53 trillion yuan, a 7.69% increase over the previous year. Non-performing loan balance was 61.477 billion yuan, an increase of 2.986 billion yuan over the previous year; the non-performing loan ratio was 1.07%, unchanged from the previous year; the provision coverage ratio was 237.78%, a decrease of 7.43 percentage points from the previous year. 10. Wuhan Lincontrol Automotive Electronics Co., Ltd.: Intends to purchase 51%-100% equity of Jiangsu Aoyikes, stock trading suspended Wuhan Lincontrol Automotive Electronics Co., Ltd. announced that the company is planning to purchase 51%-100% equity of Jiangsu Aoyikes Automotive Electronic Technology Co., Ltd. through the issuance of shares and cash payment. As the transaction is still in the planning stage and subject to uncertainties, the company's stock will be suspended from trading starting January 16, 2025, with an expected suspension period of not more than 5 trading days. The transaction counterparties are tentatively set as all shareholders of Aoyikes, and the specific transaction method and plan will be based on information disclosed in future announcements. 11. Wuliangye Yibin: Implementation of 2024 mid-term profit distribution scheme Wuliangye Yibin announced that the 2024 mid-term profit distribution plan has been approved at the shareholder meeting, with each shareholder receiving a cash dividend of 25.76 yuan (including tax) per 10 shares, totaling 9,999,022,220.88 yuan (including tax) based on the company's total share capital of 3,881,608,005 shares. There will be no bonus shares or capitalization from the surplus fund. The distribution plan to be implemented is consistent with the one approved at the shareholder meeting. The ex-dividend date is January 23, 2025, and the dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Shenzhen Branch after the close of trading on January 22, 2025. 12. IKD Co., Ltd.: Intends to purchase 71% equity of Zhuo'erbo, stock trading to resume IKD Co., Ltd. announced that it intends to purchase 71% equity of Zhuo'erbo through the issuance of shares and cash payment, and stock trading will resume. Business Performance 1. Zhejiang Sanfer Electric: Expects a 58.35%-72.06% year-on-year decrease in net profit for 2024 Zhejiang Sanfer Electric announced that it expects to achieve a net profit attributable to the parent company's owner of 53-79 million yuan for the full year of 2024, which is a decrease of 111 million to 137 million yuan compared to the previous year and a year-on-year decrease of 58.35% to 72.06%. The main reasons for the profit decrease include a slowdown in the integrated stove market demand and increased competition in the industry, leading to lower than expected sales volume and a decrease in new orders compared to the same period last year. 2. Shanjin International Gold: Expects a 50.25%-57.27% year-on-year increase in net profit for 2024 Shanjin International Gold announced that it expects a net profit attributable to shareholders of the company of 2.14-2.24 billion yuan for the full year of 2024, representing a 50.25%-57.27% increase over the previous year. The performance improvement is mainly attributed to the rise in gold and silver prices and an increase in sales volume of high-quality gold. 3. Aerospace Intelligent Manufacturing Technology: Expects a 70%-103% year-on-year profit increase for 2024 Aerospace Intelligent Manufacturing Technology announced that it expects a net profit attributable to shareholders of 720-860 million yuan for the full year of 2024, representing a 70.08%-103.15% increase over the previous year. The company attributed the performance growth to the completion of a major asset restructuring, which allowed the company to focus on the "aerospace +" and "intelligent manufacturing" industry lines, leading to rapid business performance growth. The automotive components sector saw a significant performance increase in 2024, driving the overall revenue growth by over 30%. Additionally, through measures such as refined management and technology upgrades, cost control has been effective, and the proportion of high-value-added products has increased, thereby driving rapid profit growth. 4. Beijing YanDong MicroElectronic: Expects a net profit loss of 172-206 million yuan for 2024 Beijing YanDong MicroElectronic released its 2024 performance forecast, expecting a net profit attributable to the owner of the parent company of -172 to -206 million yuan. The main reasons for the predicted loss include changes in the market due to macroeconomic factors affecting demand for consumer products, leading to a decrease in product prices; and objective environmental changes impacting the high-reliability business, causing a decline in business performance due to a decrease in product demand and changes in customer requirements for product quality. 5. Shanghai Hajime Advanced Material Technology: Expects a 35%-Increa.eof-% year-on-year profit growth for 2024."50%" translates to "fifty percent" in English.Shanghai Hajime Advanced Material Technology announced that the net profit attributable to shareholders of the listed company is expected to be between 139 million and 155 million yuan in 2024, a 35%-50% increase from the previous year. The main reasons for the performance growth are the continuous development of new products, expansion of market share and product value, improvement of product performance and quality, and the continuous addition of project targets and new customers. Especially in the new energy vehicle parts market, new breakthroughs have been made, with applications for various domestic and foreign renowned brands of new energy vehicles entering the mass production stage, leading to increased profits compared to the same period last year. Gdh Supertime Group announced that the net profit attributable to shareholders of the listed company is expected to be between 260 million and 338 million yuan in 2024, a 49.8%-94.74% increase from the previous year. The company actively expanded its target market and increased research and development efforts for new products and customized products in 2024, continuously strengthening product quality control to better meet customer demands, leading to a certain increase in sales compared to the same period last year. Jiawei Renewable Energy announced that it is expected to incur a net loss of 250 million to 285 million yuan in 2024, compared to a profit of 15.91 million yuan in the previous year. This is due to market trading electricity price changes, decreased electricity settlement unit prices, and insufficient new energy power consumption in some provinces and cities, resulting in increased curtailment rates for some photovoltaic power stations, reducing revenue and profits. The company conducted impairment tests on fixed assets and goodwill at the end of the reporting period, and based on the principle of prudence, it plans to make provision for impairment losses of approximately 110 million yuan for assets showing signs of impairment; new energy EPC income and profits decreased significantly during the reporting period. Shenzhen Xinhao Photoelectricity Technology released its 2024 performance forecast, expecting a net loss of 290 million to 355 million yuan, compared to a profit of 40.50 million yuan in the previous year. The main reasons for the performance change include increased losses due to deep adjustments in the photovoltaic industry and increased inventory impairment; the impact of customer Huatai's restructuring and overdue payments led to a higher provision for credit impairment; the large research and development investment in a newly constructed factory by a wholly-owned subsidiary resulted in a higher current period loss; intense industry competition led to a decrease in the average selling price of glass cover plate business, and a decrease in gross profit margin on a year-on-year basis. Shanghai Tianchen announced that it expects a net profit of approximately 30-34 million yuan in 2024, a 37.54%-55.88% increase compared to the previous year, mainly due to optimizing the industrial structure and disposal of subsidiary equity generating related income. Xiangxue Pharmaceutical announced a projected loss of 600 million to 862 million yuan in 2024, a decrease of 54.15%-121.73% compared to the previous year. This is mainly attributed to the company's large amount of outstanding short-term and long-term loans, resulting in financial expenses of approximately 230 million yuan; the impact of depreciation and amortization of fixed assets amounting to around 190 million yuan; estimated provisions of approximately 308 million yuan for impairment of inventory, work in progress, fixed assets, and development expenses. Additionally, business outside expenses related to lawsuits and overdue interest amount to around 83 million yuan; the expected impact of non-recurring gains and losses on net profit is approximately 29 million yuan. Air China Limited reported a 14.1% year-on-year increase in passenger turnover in December 2024 China Southern Airlines reported a 10.07% year-on-year increase in passenger turnover in December 2024 Hainan Airlines Holding reported a 30.65% year-on-year increase in passenger transport volume in December 2024 China Eastern Airlines Corporation reported a 17.33% year-on-year increase in passenger turnover in December 2024 Buyback Sangfor Technologies Inc. intends to repurchase company shares worth 100 million to 200 million yuan. This article is reprinted from "Tencent Stock Selection", GMTEight editor: Xu Wenqiang.