A-share announcement highlights | Many companies expect good performance, industry giants such as Allwinner Technology (300458.SZ) shine

Focus today 1. Allwinner Technology: Non-GAAP net profit is expected to increase by 1456%-1951% year-on-year in 2024 Allwinner Technology released its performance forecast, expecting a net profit of 153 million to 190 million yuan in 2024, a year-on-year increase of 566.29% to 727.42%; the net profit after deducting non-recurring gains and losses is expected to be 110 million to 145 million yuan, a year-on-year increase of 1456.05% to 1951.15%. During the reporting period, the company actively seized the opportunity of the recovery of downstream market demand, improved its product matrix, vigorously expanded its business in the automotive, industrial, and consumer product lines, represented by the sweeping Siasun Robot&Automation and intelligent projection business lines, and significantly increased its shipment volume, resulting in a year-on-year increase in operating income of approximately 35% and reaching a historic high. The increase in operating income drove the growth of net profit. 2. Intco Medical Technology: Non-GAAP net profit is expected to increase by 990%-1277% year-on-year in 2024 Intco Medical Technology announced that its net profit for 2024 is expected to be 1.2 billion to 1.5 billion yuan, an increase of 213.32% to 291.65% year-on-year; the expected non-GAAP net profit is 950 million to 1.2 billion yuan, a year-on-year increase of 989.85% to 1276.66%. Since the second half of 2023, the downstream inventory of the industry has undergone deep adjustments, and the destocking process is approaching its end. During this period, high-cost and old production capacity were effectively cleared, the industry supply structure was optimized, concentration significantly increased, capacity utilization rate generally increased, and the supply-demand pattern steadily moved towards balance. The company achieved a capacity utilization rate of 100% during the reporting period, and at the same time, the average selling price of disposable nitrile gloves also increased compared to the same period last year. 3. Anshan Hifichem: Net profit is expected to increase by 900%-1172% year-on-year in 2024 Anshan Hifichem announced that the net profit attributable to shareholders of the listed company in 2024 is expected to be 110 million to 140 million yuan, an increase of 899.77% to 1172.44% year-on-year. The company strengthened market expansion, seized new industry opportunities, flexibly adjusted sales strategies, and focused on efforts in technological innovation and product application research and development, achieving the recovery and growth of operating performance. The production and sales volume of high-performance organic pigment products significantly increased, and the comprehensive gross margin improved. At the same time, the landing of new material products further optimized the company's product structure and improved overall operational quality. 4. Shengyi Electronics: Net profit is expected to be 300 million to 358 million yuan in 2024, turning losses into profits Shengyi Electronics announced that it expects to achieve a net profit attributable to the owners of the parent company of 299.5 million to 358.1 million yuan in 2024, turning losses into profits. During the reporting period, the company's operating income achieved significant growth compared to the same period last year, mainly due to the increasing demand from the market for high-layer, high-precision, high-density, and high-reliability multilayer printed circuit boards, as well as the company's continued optimization of product structure and active improvement of product business area layout. 5. Shanghai Welltech Automation: Expected loss of 16 million to 24 million yuan in 2024, may be subject to delisting risk warning after the annual report disclosure Shanghai Welltech Automation released its 2024 annual performance forecast, expecting a net loss of 16 million to 24 million yuan attributable to shareholders of the listed company in 2024, with a net loss of 16 million to 24 million yuan after deducting non-recurring gains and losses. The basic earnings per share are expected to be a loss of 0.112 yuan to 0.167 yuan per share. Operating income is expected to be 140 million to 175 million yuan, with operating income after deduction expected to be 140 million to 175 million yuan. According to the preliminary calculation by the finance department, the company's total profit, net profit, and net profit after deducting non-recurring gains and losses in 2024 are expected to be negative, and the operating income after deduction is less than 300 million yuan. The company may be subject to a delisting risk warning from the Shanghai Stock Exchange after the annual report disclosure in 2024. 6. GEN-S POWER Group: Company's stock may be subject to delisting risk warning GEN-S POWER Group announced that it expects to achieve a total profit of -190 million to -220 million yuan in 2024, a net profit attributable to shareholders of the listed company of -210 million to -240 million yuan, a net profit attributable to the owners of the parent company of -220 million to -260 million yuan after deducting non-recurring gains and losses; achieving operating income of 400 million to 440 million yuan, with operating income after deducting business income unrelated to the main business and income that does not have commercial substance of 220 million to 260 million yuan. If the audited total profit, net profit, or net profit after deducting non-recurring gains and losses in 2024 is negative and the operating income after deducting business income unrelated to the main business and income that does not have commercial substance is less than 300 million yuan, the company's stock may be subject to a delisting risk warning from the Shanghai Stock Exchange after the annual report disclosure in 2024. The company's stock will be suspended from trading from the date of the annual report disclosure in 2024, and the Shanghai Stock Exchange will implement a delisting risk warning for the company's stock within 5 trading days after the suspension, depending on the actual situation. This risk warning announcement is the first risk warning announcement that the company's stock may be subject to a delisting risk warning. 7. Thinker Agricultural Machinery: Expected net loss of 1.1 billion to 1.7 billion yuan in 2024, stock may be subject to delisting risk warning Thinker Agricultural Machinery announced that it expects to achieve a total profit of -1.8 billion to -1.The net profit attributable to the owners of the parent company is expected to be between -170 million yuan and -110 million yuan. It is expected that the annual operating income will be between 265 million yuan and 305 million yuan in 2024, and the operating income after deducting business income unrelated to the main business and income without commercial substance is expected to be between 250 million yuan and 290 million yuan. According to relevant regulations, the company's stock may be subject to delisting risk warning (*ST) after the disclosure of the 2024 annual report. The company's stock will be suspended from trading starting from the disclosure date of the 2024 annual report, and the Shanghai Stock Exchange will, within 5 trading days after the suspension of trading, implement the delisting risk warning on the company's stock based on the actual situation.8. Wus Printed Circuit Performance Report: Net profit in 2024 increased by 71% year-on-year Wus Printed Circuit released its performance report for 2024, with total operating income of 13.342 billion yuan, an increase of 49.26% year-on-year; net profit attributable to shareholders of listed companies was 2.587 billion yuan, an increase of 71.05% year-on-year. Basic earnings per share were 1.3516 yuan. The company stated that benefiting from the structural demand for PCB in emerging computing scenarios such as high-speed computing servers and artificial intelligence, the company's PCB business achieved operating income of approximately 12.839 billion yuan, an increase of approximately 49.78% year-on-year, with a gross profit margin of approximately 35.85%, an increase of approximately 3.39 percentage points year-on-year. 9. Xiamen Hongxin Electronics Technology Group Inc.: Expected net profit in 2024 is 45-67.5 million yuan, turning losses into profits Xiamen Hongxin Electronics Technology Group Inc. announced that it expects to achieve a net profit attributable to shareholders of listed companies of 45-67.5 million yuan in 2024, compared to a loss of 436 million yuan in the same period last year. The company's AI strategy has been successful, becoming the company's second growth curve. The company positions itself as a provider of intelligent hardware and overall solutions, providing comprehensive services from purchasing computing chips to matching computing orders for partners. During the reporting period, the company demonstrated strong execution in the landing of computing full-stack solutions, gaining recognition from customers in various fields. The company's AI business revenue is mainly focused on sales of computing servers, and since the fourth quarter, computing resource services and related technology comprehensive services have received a considerable scale of orders, showing a rapid growth trend. 10. Sichuan Huiyuan Optical Communications: Some media classify the company's stock as a "CPO concept stock" incorrectly Sichuan Huiyuan Optical Communications issued an announcement regarding the abnormal fluctuations in stock trading, stating that the optical modules used by the company for industrial automation (speed under 100 Megabits) have essential differences from the high-speed optical modules currently in focus for data centers and AI computing (speeds of 400G, 800G, or even 1.6T). Some media have incorrectly classified the company's stock as a "CPO concept stock." 11. Yonyou Network Technology: Expected net loss of 1.72-1.92 billion yuan in 2024 Yonyou Network Technology announced that it is expected to achieve a net loss attributable to the owners of the parent company of 1.72-1.92 billion yuan in 2024. The main reasons are the impact of the external macro environment, with some customer demands delayed temporarily, resulting in a year-on-year decrease in the total contract amount for the company. In addition, the amortization of intangible assets resulting from R&D investments increased by approximately 300 million yuan year-on-year, and severance payments increased by approximately 140 million yuan year-on-year. The company will adhere to the development strategy of customer success, ecological prosperity, global markets, AI supremacy, product excellence, and innovative delivery, actively increasing revenue and achieving profitable operations. 12. JiangSu Aisen Semiconductor Material: Intends to purchase controlling stake in Buno New Materials, stock trading suspended JiangSu Aisen Semiconductor Material announced that it is planning to purchase a controlling stake in Buno (Suzhou) New Materials Co., Ltd. ("Buno New Materials") through the issuance of shares and payment of cash, and to raise matching funds. This transaction will not lead to a change in the company's actual controlling shareholders and does not constitute a restructuring for listing. As this transaction is still in the planning stage and involves uncertainty, the company's stock will be suspended from the market opening on January 24, 2025, with the suspension expected to last no more than 5 trading days. 13. JA Solar Technology: Expected loss of 4.5-5.2 billion yuan in 2024 JA Solar Technology announced its performance forecast for 2024, expecting a net loss of 4.5-5.2 billion yuan attributable to shareholders of the listed company. During the reporting period, the company's shipment of battery modules increased significantly year-on-year, but due to the mismatch between supply and demand in the photovoltaic industry, intensified market competition, price declines in products, and severe international trade environment, the company's main business profitability continued to decline. At the same time, the company conducted impairment tests on long-term assets showing signs of impairment, and will make provisions for asset impairment according to enterprise accounting standards, with a significant impact on performance. 14. Aluminum Corporation Of China: Expected net profit of 12-13 billion yuan in 2024, an increase of 79-94% year-on-year Aluminum Corporation Of China announced that it expects to achieve a net profit of 12-13 billion yuan in 2024, an increase of 79-94% year-on-year. In 2024, the company adhered to the concept of extreme operation, seized favorable market opportunities, leveraged the advantages of the full industry chain, focused on improving operational efficiency and refined cost control, achieved high output, stable production, and superior quality, and may achieve its best performance since its establishment. 15. Beijing Tricolor Technology: Expected net profit growth of 380-477% in 2024 Beijing Tricolor Technology announced that it expects a net profit of 84-101 million yuan in 2024, with a year-on-year increase of 380.45% to 476.55%. During the reporting period, the company has always focused on its own product strength, adjusted its business development strategy in a timely manner, and laid out new products and60% technologies proactively, further consolidating the market-leading position of high-performance short-wave infrared products. The product R&D has led domestically and internationally, has entered the mass production stage, and is expected to increase sales by about 60% next year. This news is expected to have a positive impact on the company's future revenue and overall business performance.Track, new business, and achieve significant results. The company's performance has been effectively improved, and the overall gross profit margin has significantly increased compared to the same period last year.16. Tianshui Huatian Technology: Estimated profit for 2024 is 550 million to 630 million, an increase of 143% to 178% year-on-year. Tianshui Huatian Technology has released its performance forecast for 2024, with an estimated net profit attributable to shareholders of the listed company of 550 million to 630 million, an increase of 143.02% to 178.36% compared to the same period last year. In 2024, with the recovery of demand for related electronic terminal products, the integrated circuit industry is picking up. As a result, the company saw an increase in orders, improved capacity utilization, a significant increase in operating income compared to the same period last year, leading to a substantial improvement in the company's operating performance. 17. Zhangzhou Pientzehuang Pharmaceutical: Net profit for 2024 is 3 billion yuan, a year-on-year increase of 6%. Zhangzhou Pientzehuang Pharmaceutical has released its 2024 annual performance report, with total operating income of 10.769 billion yuan, a year-on-year increase of 7.06%; net profit attributable to shareholders of the listed company is 2.974 billion yuan, a year-on-year increase of 6.32%. The company strengthened market planning and expanded sales channels, with an increase in sales of core products Zhangzhou Pientzehuang Pharmaceutical series products and Zhangzhou Pientzehuang Pharmaceutical branded Angong Niuhuang Pills. The main reason for the slowdown in profit growth is the rise in the cost of important raw materials compressing profit margins. 18. Sicc Co., Ltd.: Expected net profit for 2024 is 170 million to 205 million, turning losses into profits. Sicc Co., Ltd. announced that it expects to achieve operating income of 1.75 billion to 1.85 billion yuan in 2024, an increase of 39.92% to 47.92% year-on-year; and a net profit attributable to the owners of the parent company of 170 million to 205 million yuan, turning losses into profits. Driven by the demand in sectors such as electric vehicles, new energy, power grids, data centers, and low-altitude flights, as well as the accelerated development of the 800V high-voltage platform for electric vehicles, the company has entered a strategic opportunity period. The company has achieved mass production of 4-8 inch substrate products, and its production capacity utilization rate has gradually increased in 2024, with product sales volume continuing to grow, scale effects gradually appearing, costs gradually optimizing, and high-quality conductive silicon carbide substrate products accelerating their global expansion. Operating income and product gross profit have increased significantly compared to the same period last year. 19. Shanghai Awinic Technology: Expected net profit for 2024 to increase by 351% to 420% year-on-year. Shanghai Awinic Technology has released its 2024 annual performance forecast, expecting a net profit of 230 million to 265 million yuan, an increase of 350.90% to 419.52% year-on-year. During the reporting period, with the gradual recovery of the electronic information industry and the increasing demand for new AI edge applications, the company has always adhered to a customer-oriented approach, actively explored the market, and continuously expanded into the consumer electronics, industrial Internet, and automotive fields. In 2024, the company achieved record high revenue and shipments, with product shipments exceeding 6 billion pieces, a continuous increase in comprehensive gross profit margin for four consecutive quarters, and an annual comprehensive gross profit margin expected to exceed 30%, an increase of over 5 percentage points compared to the same period last year, realizing double growth in revenue and profit. 20. Dingli Corp., Ltd.: General Manager Xu Zequan voluntarily foregoes remuneration until the company achieves positive net profit for two consecutive quarters. Dingli Corp., Ltd. announced that it has recently received a commitment from the company's director and general manager, Mr. Xu Zequan, to voluntarily forego remuneration. Considering that the company's operating performance is expected to remain in a loss-making state for the year 2024, to express confidence in the company's future development and determination to move forward together with the company, and to effectively seek opportunities for the company's operations and development to quickly reverse losses, Mr. Xu Zequan voluntarily foregoes remuneration, with the term effective from January 2025, until the company achieves positive net profit attributable to shareholders of the listed company for two consecutive quarters. 21. Shengyi Technology: Expected net profit for 2024 to increase by 46% to 55% year-on-year. Shengyi Technology announced that it expects a net profit attributable to the owners of the parent company of 1.7 billion to 1.8 billion yuan for 2024, an increase of 5.36 billion to 6.36 billion yuan compared to the same period last year, an increase of 46% to 55% year-on-year. The main reason for the expected increase in performance is the increase in sales volume of the company's copper-clad laminate products and the optimization of sales structure, leading to an increase in copper-clad laminate product revenue and gross profit margin compared to the previous year, driving profit growth. Meanwhile, the company's subsidiary, Shengyi Electronics Co., Ltd., continues to optimize product structure, improve product business area layout, and achieve a reversal of net losses into profits. 22. 7 Days 4 Boards Haoxiangni Health Food: Expected net loss for 2024 is 52 million to 75 million yuan. Haoxiangni Health Food has released its performance forecast for 2024, expecting a net loss of 52 million to 75 million yuan attributable to shareholders of the listed company during the reporting period, and a net loss of 62 million to 85 million yuan after deducting non-recurring gains and losses. During the reporting period, the company expanded high-quality channels such as Sam's Club, Yonghui Supermarket, Pang Donglai, and Mingmingheng Mang, leading the growth of offline channels and continuously improving market share. Changes in revenue structure have led to a decrease in gross profit margin, while the company implemented organizational changes to improve management efficiency, resulting in a year-on-year decrease in operating expenses. In addition, the company has confirmed a significant year-on-year increase in investment income from Hunan Mingming Hengheng Commercial Chain Co., Ltd.In addition, the gross profit and other income are still not enough to cover the period expenses, resulting in the company continuing to incur losses in 2024.23. Hubei Biocause Pharmaceutical: No Share Repurchase Implemented Hubei Biocause Pharmaceutical announced that the closing price of the company's stock has deviated by more than 20% for two consecutive trading days, indicating abnormal fluctuations in stock trading. Upon verification, there is no need for correction or supplementation to the information disclosed by the company earlier. Public media has not reported any undisclosed significant information that may have a significant impact on the company's stock trading price. The company's operating conditions and internal and external operating environment have not undergone significant changes recently. The company approved a share repurchase plan on July 1, 2024, but as of January 23, 2025, the share repurchase has not been implemented. The company has disclosed a forecast of a net loss of 500 million to 750 million yuan for the year 2024. 24. China Galaxy Performance Bulletin: Net Profit for 2024 is 10.133 Billion Yuan, a Year-on-Year Increase of 28.62% China Galaxy released a performance bulletin stating that the net profit for 2024 is 10.133 billion yuan, a year-on-year increase of 28.62%, with good development in investment transactions, wealth management, and other businesses. 25. Jiangsu Feymer Technology: Controlling Shareholder Plans for Change in Control, Stock and Convertible Bonds Suspended Jiangsu Feymer Technology announced that due to the controlling shareholder Jiangsu Feixiang Chemical Co., Ltd. planning for a transfer of company shares, the company's stock and convertible corporate bonds will be suspended from trading starting January 24, 2025, with an expected suspension period of not more than two trading days. 26. Kunlun Tech: Expected Net Loss of 1.39 Billion to 1.99 Billion Yuan for 2024 Kunlun Tech announced an expected net loss of 1.39 billion to 1.99 billion yuan for 2024, compared to a profit of 1.258 billion yuan in the same period last year. The company's performance during this reporting period has been under pressure, leading to a shift from profit to loss for the net profit attributable to the company's shareholders. Specifically, to maintain the company's leading position in the AI field, research and development expenses have increased, causing short-term costs and related expenses that have affected this periods profit performance. On the other hand, investment income performance is lower than the same period last year, with fluctuations in financial asset prices and expected investment losses totaling 1.1 billion yuan. These two factors combined have resulted in a loss for this reporting period. 27. New Hope Liuhe: Year-on-Year Net Profit Expected to Increase by 80.58%-120.71% in 2024 New Hope Liuhe issued a performance forecast, estimating a net profit of 450 million to 550 million yuan for the year 2024, a year-on-year increase of 80.58% to 120.71%. In 2024, the company focused on its core business, making efforts to promote high-quality development, significantly improving production management, steadily reducing breeding costs, and benefiting from the recovery of the pig market since the second quarter, leading to an increase in net profit after deductions and a substantial increase in year-on-year net profit. 28. Guangdong Green Precision Components: Year-on-Year Net Profit Expected to Increase by 300.66%-420.86% in 2024 Guangdong Green Precision Components released a performance forecast, expecting a net profit of 52 million to 67.6 million yuan for 2024, a year-on-year increase of 300.66% to 420.86%. During the reporting period, the company continuously optimized its product structure, strengthened cost control, improved internal management, actively increased operational efficiency, and raised the level of financial management, leading to a significant increase in net profit compared to the same period last year. Non-recurring gains or losses during the reporting period are estimated to impact the net profit attributable to the shareholders of the listed company by approximately 1.2 million yuan. 29. Shanghai Guangdian Electric Group: Year-on-Year Net Profit Expected to Increase by 310.52%-474.72% in 2024 Shanghai Guangdian Electric Group announced that preliminary calculations indicate an estimated net profit of 60 million to 84 million yuan for the year 2024, attributable to the owners of the company, representing an increase of 310.52% to 474.72% compared to the previous year. Factors affecting this reporting period include stable revenue growth due to the good operation of industrial customers and the smooth progress of projects. Additionally, the recovery of long-term accounts receivable resulted in reduced impairment losses, thus decreasing asset impairment losses compared to the same period last year. 30. Shede Spirits: Year-on-Year Net Profit Expected to Decrease by 76%-82% in 2024 Shede Spirits announced an estimated net profit of 320 million to 420 million yuan for the year 2024, representing a decrease of 76.29% to 81.93% compared to the previous year. The main reason for this decrease is the ongoing adjustment period in the liquor industry, intensified industry competition, pressure on product sales, and a need for recovery in consumer demand for high-end products. 31. Jiugui Liquor: Year-on-Year Net Profit Expected to Decrease by 97.26%-98.17% in 2024 Jiugui Liquor released a performance forecast for 2024, predicting a net profit attributable to the company's shareholders of 10 million to 15 million yuan, a decrease of 97.26% to 98.17% compared to the previous year. In 2024, the liquor industry was in a deep adjustment period, with increased competitive pressure, conservative actions by channel partners, and cautious customer payment intentions. The company proactively adjusted its market operation strategy, increased promotion expenses for consumers, such as scan codes and banquets, leading to a rise in sales expenses. Additionally, the impact of industry adjustments on the company's high-end products, along with the early stage of market expansion for certain products, resulted in a decrease in the proportion of high-end product revenue. 32. Changjiang (Note: The information for "Changjiang" is cut off and missing.)Pharmaceutical Group: The company's stock trading may be subject to delisting risk warning.Changjiang Pharmaceutical Group announced that, based on preliminary calculations, it is expected that the equity attributable to shareholders of the listed company at the end of 2024 will be between -370 million yuan and -550 million yuan. According to relevant regulations, if a listed company has a negative net asset value at the end of the most recent audited financial year, its stock trading will be subject to delisting risk warnings. If the audited net assets at the end of 2024 are negative, the company's stock trading will be subject to delisting risk warnings after the disclosure of the 2024 annual report. In addition, the company has initiated pre-restructuring, but the uncertainty exists as to whether it can enter the restructuring process. If the court accepts the restructuring application, the company's stock trading will be subject to delisting risk warnings. Even if the court formally accepts the restructuring application, there is still a risk of bankruptcy and liquidation if the restructuring fails. If the company is declared bankrupt due to a failed restructuring, the company's stock faces the risk of being delisted. Buyback Jiangxi Lian Chuang Optoelectronic Science and Technology: Plans to repurchase company shares worth 100 million to 150 million yuan Shenzhen Yinghe Technology: Plans to repurchase company shares worth 1 billion to 2 billion yuan Big Orders Qingdao TGOOD Electric: Expected to win the bid for a 122 million yuan project from Southern Power Grid This article was reproduced from "Tencent Stock Selection", GMTEight editor: Chen Xiaoyi.