A-share Announcement Highlights | China National Nuclear Power (601985.SH) and other companies announced to invest in China Fusion Energy Company.

Zhongji InnolightCold technology and Zhongji Innolight plan to jointly invest in establishing a joint venture company called Guangdong Shenling Intelligent Cold Technology Co., Ltd in Guangzhou, engaging in the research, production, and sales of liquid cooling heat management components and system solutions. The registered capital of the joint venture company is 100 million yuan, with Guangdong Hec Technology Holding Liquid Cooling Technology subscribing for 49 million yuan, accounting for 49%. This foreign investment will help the company expand new profit growth points in the liquid cooling field, further strengthen its full-cycle support capabilities from technology research and development to scale application, and enhance the company's market share and core competitiveness in the field of liquid cooling heat management.9. Guotai Junan: The implementation of the equity registration date for the absorption and merger of Haitong's A-shares by stock issuance will be March 3rd. Guotai Junan announced that the implementation of the equity registration date for the absorption and merger of Haitong's A-shares by stock issuance will be March 3, 2025. After the close of the registration date for the implementation of the equity registration date, Haitong A-share shareholders holding Haitong A-shares will convert to Guotai Junan A-shares at a ratio of 1:0.62, meaning that each Haitong A-share stock can be exchanged for 0.62 Guotai Junan A-share stocks. 10. Zhejiang XCC Group: Plans to invest 1.5 billion yuan in the production of planetary roller screw, general Siasun Robot&Automation special bearings and other products. Zhejiang XCC Group announced that the company plans to sign an "investment agreement" with the New Chang High-tech Industrial Park Management Committee and the New Chang County High-tech Holdings Group Co., Ltd. to invest in the production of planetary roller screws, miniature ball screws, automotive steering system screws, brake parking system screws, suspension shock absorber system screws, and Siasun Robot&Automation special bearings, among other products. The project is planned to have a total investment of approximately 1.5 billion yuan, on a total land area of about 100 mu. This capacity expansion and extension of the company's main business aims to further enhance the company's product competitiveness, economic benefits, and comprehensive strength, strengthening the company's sustainable development capabilities. 11. National Silicon Industry Group: Intends to purchase minority equity and other assets; stock trading remains suspended for no more than 5 trading days. National Silicon Industry Group announced that the company is planning to purchase minority equity and other assets of Shanghai Xinshengjing Semiconductor Technology Co., Ltd., Shanghai Xinshengjing Technology Semiconductor Technology Co., Ltd., Shanghai Xinshengjing Rui Semiconductor Technology Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. The company's stock has been suspended from trading since February 24, 2025, with the original anticipated suspension period not exceeding 5 trading days. Due to active progress in the transaction, the company anticipates that it will not resume trading on March 3, 2025. Upon application, the company's stock will continue to be suspended from trading starting March 3, 2025, with an expected time frame of no more than 5 trading days. 12. Power HF Co., Ltd.: The power generating unit is not a core equipment directly related to data centers and computing power. Power HF Co., Ltd. issued an announcement on the abnormal fluctuations in stock trading, noting the high market attention to the data center power supply sector. The company's intelligent power generating unit as a backup power source can be used not only in applications such as communication base stations, oil field wells, banks, and mines but also as an emergency power source in data centers. The power generating unit is not a core equipment directly related to data centers and computing power. There is uncertainty regarding the scale and development speed of downstream markets such as computing power, which may impact the company's business with significant uncertainty. The company won bids for a total of 30 diesel generator units for China United Network Communications' Langfang Base and Hohhot Base data centers in November 2019, September 2021, and January 2022, representing a small proportion of the company's operating income. In 2023 and 2024, the company actively expanded into the data center market, but due to market competition, prices, and other factors, the company did not win bids in this market, resulting in no related income. The company will continue to develop its intelligent power generating unit business in the future. 13. Sanxiang Advanced Materials: The company's primary business has not changed; main products include fused zirconia and sponge zirconia. Sanxiang Advanced Materials announced that its primary business is the research, production, and sale of zirconium-based products, casting modified materials, and other industrial new materials. The main products include fused zirconia, sponge zirconia, zirconium oxychloride, and special ceramics. As of now, the company's main business has not changed, its internal production and operational activities are in order, and the market environment and industry policies have not undergone major adjustments. 14. Shanghai Emperor of Cleaning Hi-Tech: Business related to solid-state batteries has not yet generated stable long-term income. Shanghai Emperor of Cleaning Hi-Tech issued an announcement on the abnormal fluctuations in stock trading, noting that the solid-state battery concept has recently received high market attention. The company's related business has not yet generated stable long-term income, which does not currently affect the overall performance of the company. At present, based on the uncertainty of product iterations and market development, the company's current investment is relatively small, and the testing, matching results, and application prospects of related sample products also have significant uncertainty. 15. Zhejiang Tengen Electric: Company products used in the Siasun Robot&Automation industry account for a very small percentage of operating income. Zhejiang Tengen Electric announced in a stock trading abnormal fluctuations notice that investors have recently shown interest in whether the company's products can be used in the Siasun Robot&Automation industry. The company clarified that its circuit breakers, fuses, contactors, and transformers used in the Siasun Robot&Automation industry are the same as the company's existing products. Currently, the company's products used in the Siasun Robot&Automation industry generate less than 2 million yuan in operating income, a negligible percentage that has minimal impact on the company's performance. The company encourages investors to make rational investment decisions and pay attention to investment risks.dangerous16. Henan Carve Electronics Technology: The cooperation between cable and precision cable connector components and related manufacturers of Siasun Robot & Automation is in the early stage. Henan Carve Electronics Technology has issued a notice of abnormal fluctuations in stock trading and risk warning. The company has noticed the recent market's high attention to the concept of Siasun Robot & Automation. The cooperation between the company's cable and precision cable connector components and related manufacturers of Siasun Robot & Automation is in the early stage of personalized solution customization, small batch supply, accounting for a low proportion (less than 1%) of the company's main business income. It will not have a significant impact on the company's performance. Based on the recent analysis of the company's internal and external operating environment, there have been no significant changes in the company's fundamentals. 17. Hanjia Design Group: The operating income of the AI, large model, and unmanned Siasun Robot & Automation project business in 2024 accounts for 11.8% of the overall operating income of its subsidiary. Hanjia Design Group has released a notice of abnormal fluctuations. Upon self-inspection, it was found that as of the disclosure date of the company, financial terminals such as Hithink RoyalFlush Information Network and East Money Information have added concepts of "DeepSeeK" and "Siasun Robot & Automation". The company's holding subsidiary Futai Technology is an IT comprehensive service provider focusing on digital urban governance and smart city operations. In 2024, the operating income of Futai Technology's AI, large model, and unmanned Siasun Robot & Automation project business is approximately 1.17 billion yuan, accounting for about 11.8% of Futai Technology's overall operating income. Financial Performance China Merchants Shekou Industrial Zone Holdings: Net profit decreased by 36.09% in 2024 compared to the previous year. China Merchants Shekou Industrial Zone Holdings has released its financial report for 2024, with a total operating income of 178.948 billion yuan, an increase of 2.25% year-on-year; the net profit attributable to shareholders of the listed company is 4.039 billion yuan, a decrease of 36.09% year-on-year. XINYI SOLAR: Shareholders' net profit in 2024 is approximately 1 billion yuan, a 73.8% decrease year-on-year. XINYI SOLAR has announced its 2024 performance on the Hong Kong Stock Exchange, with total revenue for the year reaching 21.9214 billion yuan, a 9.3% decrease year-on-year; the shareholders' net profit is 1.0082 billion yuan, a 73.8% decrease year-on-year; basic earnings per share are 0.1127 yuan, a 73.9% decrease year-on-year. Konfoong Materials International: Net profit increased by 56.90% in 2024 compared to the previous year. Konfoong Materials International has released its financial report for 2024, with total operating income of 3.619 billion yuan, an increase of 39.11% year-on-year; the net profit attributable to shareholders of the listed company is 401 million yuan, an increase of 56.90% year-on-year. The main reason for the change in operating performance is the continuous increase in orders from domestic and foreign customers, leading to a continuous increase in operating income. At the same time, the company's strategic layout in the field of semiconductor precision components has been successful, with products entering the core supply chain system. Share Repurchase & Shareholding Changes China Northern Rare Earth: Controlling shareholder Baosteel Group plans to increase its stake in the company by 500 million to 1 billion yuan. China Northern Rare Earth announced that its controlling shareholder, Baosteel (Group) Company, plans to increase its stake in the company by an amount not less than 500 million yuan (inclusive) and not more than 1 billion yuan (inclusive) of the company's A-share stocks. The increase will be conducted through the Shanghai Stock Exchange trading system through centralized bidding within 12 months from the date of the announcement. The source of funds includes special loans of up to 900 million yuan and self-owned funds. The purpose of this increase plan is to strengthen confidence in the company's future development prospects and long-term investment value, help the company manage its market value, and boost investor confidence. Tangshan Port Group: Jiantou Transportation plans to increase its stake in the company by 250 million to 500 million yuan. Tangshan Port Group announced that its second largest shareholder, Hebei Jiantou Transportation Investment Co., Ltd., plans to increase its stake in the company through centralized bidding on the Shanghai Stock Exchange trading system within 12 months from the date of the announcement, with an increase amount not less than 250 million yuan and not more than 500 million yuan. The increase plan does not specify a price range and will be implemented opportunistically based on the company's stock price fluctuations and the overall trend of the capital market. The source of the funds for the increase is bank credit funds and Jiantou Transportation's own funds, with bank credit funds not exceeding 90% of the proposed maximum increase amount. Jiantou Transportation has committed not to reduce its stake in the company during the increase period and within the statutory period. Huaming Power Equipment: Plans to repurchase company shares for 150 million to 200 million yuan. Huaming Power Equipment announced that it plans to repurchase a portion of the company's shares using its own or self-raised funds through centralized bidding, to be used for subsequent implementation of employee shareholding plans or equity incentives. The repurchase price will not exceed 24.60 yuan per share, with a total amount of funds not less than 150 million yuan and not more than 200 million yuan. The repurchase period will be within 12 months from the date of approval by the board of directors.Hai) Co., Ltd.: National Wealth Fund has reduced its holdings of company shares by 1%Telink Semiconductor (Shanghai) Co., Ltd. Announcement: Shareholder National Integrated Circuit Industry Investment Fund Co., Ltd. reduced its holdings of the company's shares by 2.4 million shares from February 17th to February 28th, with a reduction ratio of 1.00%, resulting in its shareholding ratio decreasing from 8.95% to 7.95%. Shenzhen Newway Photomask Making: Shareholder Shenzhen Fastprint Circuit Tech and its concerted action parties plan to reduce their stake in the company by no more than 2%. Shenzhen Newway Photomask Making announced that shareholder Shenzhen Fastprint Circuit Tech and its concerted action party, Xingsen Equity, plan to reduce their stake in the company through block trading, with a total reduction of no more than 3,866,674 shares, or 2.00% of the company's total share capital. Other: Aluminum Corporation of China: Baotou Aluminum intends to merge Inner Mongolia Huayun New Materials Co., Ltd. Aluminum Corporation of China announced that its wholly-owned subsidiary, Baotou Aluminum, intends to absorb and merge its controlled subsidiary, Inner Mongolia Huayun New Materials Co., Ltd., using part of Baotou Aluminum's equity to exchange for 50% of Inner Mongolia Huayun held by Aluminum Corporation of China. After the merger, Inner Mongolia Huayun will be deregistered, and Aluminum Corporation of China will become a shareholder of Baotou Aluminum, reducing its shareholding percentage to 65.5759%. J.S. Corrugating Machinery: Wholly-owned subsidiary receives a purchase order of 1.02 billion yuan J.S. Corrugating Machinery announced that its wholly-owned subsidiary, Sanxie Precision, recently signed a daily purchase order agreement with a leading lithium battery enterprise customer's wholly-owned subsidiary, with a total amount of approximately 1.02 billion yuan (including tax), accounting for 14.14% of the company's 2023 annual revenue. New China Life Insurance: Plans to issue domestic non-fixed-term capital bonds not exceeding 10 billion yuan New China Life Insurance announced plans to issue domestic non-fixed-term capital bonds not exceeding 10 billion yuan. Youon Technology: Terminates the purchase of 65% stake in Shanghai Lianshi Navigation Company Youon Technology announced that it has decided to terminate the planned acquisition of 65% stake in Shanghai Lianshi Navigation Technology Co., Ltd. (hereafter referred to as "Shanghai Lianshi") by issuing shares and paying cash, along with raising additional funds. Due to disagreements on the valuation of Shanghai Lianshi and other commercial terms between the parties, the company has decided to terminate the transaction. China Kings Resources Group: Subsidiary Jinchang Mining will gradually resume production from March 1st China Kings Resources Group announced that its subsidiary, Zhejiang Lanxi Jinchang Mining Co., Ltd., experienced a roof collapse accident on October 31, 2024, and received a production suspension and rectification request from the Lanxi Emergency Management Bureau. Recently, the Lanxi Emergency Bureau has agreed to allow Jinchang Mining to resume production starting from March 1, 2025. Meanwhile, the company will no longer outsource mining operations and will instead use its own mining construction team for operations. The company will strengthen safety production management and reminds investors to be aware of investment risks. Angel Yeast Co., Ltd.: Indonesian subsidiary plans to invest 880 million yuan to build a 20,000-ton yeast project Angel Yeast Co., Ltd. announced that its subsidiary, Angel Yeast Indonesia, plans to invest 880 million yuan to build a 20,000-ton yeast project, with planned production capacity of 18,800 tons/year of dry yeast and approximately 2,000 tons/year of fresh yeast converted to dry yeast. The project is expected to take 24 months to complete and commence production in 2027. The project requires a total investment of 880 million yuan, with 511 million yuan to be solved through loans and other means, and 369 million yuan to be funded by Angel Yeast Indonesia. This project will help optimize the company's overseas yeast production layout, advance the implementation of the "14th Five-Year Plan" strategy, and further strengthen the development of the yeast market in Indonesia. Shanghai DZH Limited: Intends to sell 100% equity of Tianlanlan to the controlling shareholder Shanghai DZH Limited announced that, in order to optimize the company's asset structure and focus on its main business, the company plans to sign a "Equity Transfer Agreement" with its controlling shareholder, Zhang Changhong, to sell 100% equity of its wholly-owned subsidiary, Shanghai Tianlanlan Investment Management Co., Ltd. (referred to as "Tianlanlan"), for 35.305 million yuan to Zhang Changhong. Henan Yicheng New Energy: Intends to publicly transfer 100% equity of Hengrui Xindiamond Products Company Henan Yicheng New Energy announced that the company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Kaifeng Hengrui Xindiamond Products Co., Ltd. (referred to as "Hengrui New") at the Henan Central Plains Property Rights Trading Co., Ltd. As of June 30, 2024, the total equity assessment value of Hengrui New is -227 million yuan. During the period when Hengrui New was a wholly-owned subsidiary of the company, the company had transactions totaling 212 million yuan with it. After the completion of this equity transfer, there is a risk of the above-mentioned funds being unable to be recovered due to passive financial assistance provided by the company to external parties. As Hengrui New has ceased production and operation, is insolvent, and there is a risk of the above-mentioned funds not being able to be recovered.