A-share announcement selection | BYD Company Limited plans to issue new H-shares for fundraising of HK $43.5 billion Orient Group Incorporation (600811.SH) warns of the risk of delisting.

1. Orient Group Incorporation: Significant Risk of Forced Delisting Due to Major Violations Orient Group Incorporation issued an abnormal announcement stating that the company is under investigation by the China Securities Regulatory Commission for suspected major financial fraud, which may lead to a significant risk of forced delisting. In addition, the company does not meet the conditions for restructuring due to the investigation and the risk of forced delisting. The company is also unable to repay the raised funds of 629 million yuan on time. 2. Kweichow Moutai: Has Spent 1.2 Billion yuan to Repurchase 822,000 shares Kweichow Moutai (600519.SH) announced that by the end of February 2025, the company had repurchased a total of 822,000 shares, accounting for 0.0655% of the total share capital of the company. The highest purchase price was 1507.41 yuan per share, and the lowest price was 1417.01 yuan per share. The total amount paid was 1.2 billion yuan (excluding transaction costs). 3. BYD COMPANY: Plans to Raise 43.5 Billion Hong Kong Dollars through the Placement of New H Shares BYD COMPANY announced on the Hong Kong Stock Exchange that it has entered into a placement agreement with placement agents on March 3, 2025. The placement of shares will be issued according to general authorization. Assuming that all placed shares are fully placed, the total proceeds from the placement are expected to be approximately 43.5 billion Hong Kong dollars, with a net amount of approximately 43.83 billion Hong Kong dollars after deducting commissions and estimated expenses. The net proceeds from the placement will be used for the company's research and development investment, overseas business development, supplementary operating funds, and general corporate purposes. The placed shares represent approximately 11.82% of the existing 1,098,000,000 H shares issued, and approximately 4.46% of the total number of issued shares as of the date of this announcement. The placement price per share is 335.2 Hong Kong dollars. 4. Chongqing Changan Automobile: Sales in February were 161,400, an increase of 5.72% year-on-year Chongqing Changan Automobile (000625.SZ) announced that sales in February 2025 were 161,400 units, an increase of 5.72% year-on-year. Cumulative sales for January-February were 437,100 units, an increase of 0.94% year-on-year. 5. DBG Technology: Plans to Acquire 100% Equity of AC Company and 0.003% Equity of TIS Company for 733 million yuan DBG Technology (300735.SZ) announced that the company plans to purchase the 100% equity of AC Company and 0.003% equity of TIS Company from transaction parties Hiwinglux S.A. and IEE International Electronics & Engineering S.A. with cash payment, at a purchase price of 733 million yuan. AC Company is mainly engaged in electronic manufacturing services, with main clients in Europe, America, Africa, among other places. After the transaction is completed, the company will control 100% equity of AC Company and its subsidiary TIS Company. This transaction is expected to constitute a significant asset reorganization. 6. Jiangsu Kanion Pharmaceutical: Received Approval Notice for Clinical Trial of Guben Xiaozhen Granules Jiangsu Kanion Pharmaceutical (600557.SH) announced that the company recently received the approval notice for the clinical trial of Guben Xiaozhen Granules issued by the National Medical Products Administration. 7. Zhejiang Chunhui Intelligent Control: Intends to Acquire Chunhui Instrument Control Rights, Stock Trading Suspended from Tomorrow Zhejiang Chunhui Intelligent Control (300943) announced that the company is planning to acquire assets through issuing shares and cash payment. The company intends to acquire the control rights of Zhejiang Chunhui Instrument Co. Ltd. (referred to as "Chunhui Instrument") through issuing shares and cash payment. The transaction will not result in a change of the company's actual controller. Due to the uncertainties of the matter, the company's stock will be suspended from trading starting from the market opening on March 5, 2025. 8. Chongqing Fuling Electric Power Industrial: Chairman Lei Shanchun Resigns Due to Personal Job Changes Chongqing Fuling Electric Power Industrial (600452) announced that Lei Shanchun has resigned from his positions as director, chairman, legal representative, and various committee roles of the company due to personal job changes. After resignation, Lei Shanchun will no longer hold any position in the company. As of the date of this announcement, Lei Shanchun does not hold any shares of the company. 9. Zhejiang Sunoren Solar Technology: Controlling Shareholder Plans to Increase Company Stake by 50-100 Million yuan Zhejiang Sunoren Solar Technology (603105.SH) announced that the controlling shareholder and one of the actual controlling persons plan to increase their A-share holdings through centralized bidding. Since the combined shareholding of Zhejiang Sunoren Solar Technology and its associated persons before the implementation of this plan is between 30% and 50%, the total increase in shareholding within 12 months will not exceed 2%. Subject to this condition, the total amount of this increase will not be less than 50 million yuan (including this amount), and not more than 100 million yuan (including this amount). The funds for this planned increase of shares will come from a special loan provided by the Industrial and Commercial Bank of China Zhejiang Provincial Branch to Zhejiang Sunoren Solar Technology and the company's own funds. Recently, China Industrial and Commercial Bank of China has provided special loans to Zhejiang Sunoren Solar Technology.And the Commercial Bank of China issued a "Loan Commitment Letter" to Zhengda Jingbian, agreeing to provide special loan support for Zhengda Jingbian to increase its holdings of the company's A-share stock. The loan amount will not exceed 80 million yuan, and the commitment letter will be valid for 1 year from the date of issuance.10. Shanghai Highly: Hailite Cold sells cooling systems for lithography machines, the business scale is relatively small. 11. Berry Genomics: Currently, the company's AI-related business and products have not had a significant impact on the overall performance of the company. 12. Warom Technology Incorporated: The application of the company's Siasun Robot & Automation products in the industrial intelligent business is still in the initial stage. 13. Darbond Technology: A subsidiary provides a thermal interface material to Yushu Technology. 14. Shanghai Xujiahui Commercial: Vice Chairman Fei Weimin resigns due to work reasons. 15. Xinjiang Haoyuan Natural Gas: Applies to revoke the company's stock other risk warnings. 16. Jiayu Holding: The company's stock faces the risk of being delisted due to the stock price falling below face value. 17. Shanghai Fosun Pharmaceutical: A subsidiary has received approval for clinical trials of a 24-valent pneumococcal polysaccharide conjugate vaccine.The preventive biological product developed by the main research and development is intended for preventing infectious diseases caused by different serotypes of Streptococcus pneumoniae. Fosun Pharma plans to conduct Phase I clinical trials of the vaccine in China when conditions are met. As of January 2025, the cumulative research and development investment in this vaccine by the group is approximately RMB 44 million. According to current requirements for vaccine products in China, the vaccine still needs to complete relevant clinical trials, have production facilities pass GMP compliance checks, and undergo on-site verification for registration, and then obtain market registration approval before it can be marketed.18APT Medical Inc.: Wholly-owned subsidiary obtains medical device registration certificate APT Medical Inc. (688617.SH) announced that its wholly-owned subsidiary, Hunan Apte Medical Devices Co., Ltd., obtained a medical device registration certificate on March 3, 2025. The product is called the Inferior Vena Cava Filter System, registered as a Class III passive medical device, intended for preventing pulmonary embolism caused by the detachment of thrombi from the inferior vena cava system. The acquisition of this registration certificate will help enrich the company's product variety, expand its product layout in the peripheral field, meet diverse clinical needs, and strengthen its core competitiveness. However, the actual sales situation depends on the market promotion effect, and the impact on the company's future revenue cannot be predicted. Operational Performance Shanghai Lujiazui Finance & Trade Zone Development Interim Report: Net profit increased by 5.26% year-on-year in 2024 Shanghai Lujiazui Finance & Trade Zone Development (600663.SH) released its interim report for 2024, with a total operating income of 14.344 billion yuan, an increase of 30.33% from the same period last year. This is mainly due to the completion of the Dongfang Yuelan Residential Project, Fu Hui Building B and C Office Building Project during the year. The net profit attributable to shareholders of the listed company in 2024 was 1.508 billion yuan, an increase of 5.26% from the same period last year. Shandong Huifa Foodstuff: Revised annual performance forecast for 2024, expected loss of 13 million to 18 million yuan Shandong Huifa Foodstuff (603536.SH) announced that after communication with the auditing firm, the company has revised its annual performance forecast for 2024. It is expected that the net profit attributable to shareholders of the listed company in 2024 will be between -18 million and -13 million yuan, a decrease of 20.51 million to 25.51 million yuan from the previous year, a year-on-year decrease of approximately 272.97% to 339.49%. The previous forecast for the net profit in 2024 was between 2.6 million and 3.7 million yuan. The main reason for the revision of the performance forecast is that the company signed a Project Cooperation Agreement with a partner, but during the project implementation, the partnership failed to agree on a cooperative model, and the partner did not allocate operating funds, leading to the inability to continue to fulfill the original agreement. The company will offset the above income, resulting in the need to adjust the 2024 annual performance. Share Repurchase & Increase/Decrease in Holdings Shanghai Pudong Development Bank: Shanghai State-owned Assets Operation Co., Ltd. completes increase plan, with a total increase of 93.99979 million shares Shanghai Pudong Development Bank (600000.SH) announced that Shanghai State-owned Assets Operation Co., Ltd. increased the company's common stock by 93.99979 million shares through concentrated bidding, accounting for 0.32% of the total share capital. The amount of the increase has reached the planned limit, and the increase plan has been completed. After the increase, the proportion of the largest shareholder, Shanghai International Group Co., Ltd., and its concerted action parties holding common stock of the company is 29.99%. Hoymiles Power Electronics Inc.: Controlling shareholder plans to increase company's shares by 112 million to 223 million yuan Hoymiles Power Electronics Inc. (688032.SH) announced that its controlling shareholder, Hangkai Group, plans to increase its holdings of the company's shares using stock increase special loans and own funds in ways allowed by the Shanghai Stock Exchange within 6 months from the date of announcement (including but not limited to concentrated bidding, block trading, etc.). The amount of the increase shall not be less than 1.115 billion yuan and not exceed 2.23 billion yuan. This increase plan does not set a price range, and Hangkai Group will opportunistically implement the increase plan within the implementation period based on the overall market trend and a reasonable assessment of the company's value. CITIC BANK Hangzhou Branch has committed to provide Hangkai Group with a special loan of up to 200 million yuan with a term of 3 years. Jiangsu Maixinlin Aviation Science and Technology Corp.: Shareholders plan to collectively reduce holdings of up to 2% of the company's shares Jiangsu Maixinlin Aviation Science and Technology Corp. (688685.SH) announced that shareholders Yili Suxin and their concerted action parties, Daofeng Investment, for their own operational needs, plan to collectively reduce their holdings by 2.9085 million shares, not exceeding 2% of the company's share capital. Jiangnan Yifan Motor: Chen Yuanji and Gong Jianfen plan to collectively reduce holdings by no more than 3% of shares Jiangnan Yifan Motor (301023.SZ) announced that the directors and shareholders holding company shares, Mr. Chen Yuanji, who holds 5,350,900 shares (accounting for 9.6238% of the total share capital excluding the company's repurchased shares), and Ms. Gong Jianfen, who holds 5,282,546 shares (accounting for 9.5008% of the total share capital excluding the company's repurchased shares), plan to collectively reduce their holdings by no more than 556,008 shares (accounting for 1.0000% of the total share capital excluding the company's repurchased shares) through concentrated bidding 15 trading days after the disclosure of this announcement for a period of 3 months, and no more than 1,112,016 shares (accounting for 2.0000% of the total share capital excluding the company's repurchased shares) through block trading. Guangdong Wenke Green Technology Corp., Ltd.Ze Guang Investment plans to reduce its stake in the company by no more than 1.6%.33511%Shan Port Co., Ltd. is expected to achieve a container throughput of 3.35 million TEUs, a year-on-year increase of 11%; and a cargo throughput of 80.07 million tons, a year-on-year increase of 0.5%.ShenZhen Longtu Photomask: Plans to increase capital by 100 million yuan to its wholly-owned subsidiary Zhuhai Longtu Shenzhen Longtu Photomask (688721) announced that the company plans to increase the capital of Zhuhai Longtu by 100 million yuan with its own funds. After this capital increase, the registered capital of Zhuhai Longtu will increase from 200 million yuan to 300 million yuan. After the capital increase is completed, the company will still hold 100% equity of Zhuhai Longtu, which will remain a wholly-owned subsidiary of the company. Ingenic Semiconductor: Company's SOC chip integrates key modules independently developed, including CPU, VPU, NPU, ISP, etc. Ingenic Semiconductor (300223.SZ) released an Investor Relations Activity Records Announcement, stating that the company's SOC chip integrates key modules independently developed by the company, including CPU, VPU, NPU, ISP, etc., with different configurations for different computing chip products. Computing chips are mainly targeted at the consumer market, with over 80% targeting security monitoring products, mainly civilian camera products. The remaining market types include barcode equipment, biometrics, educational electronics, smart locks, printers, etc. The latest technology is 12nm. Shanghai Sinotec: Plans to transfer part of its Weixin Titanium K fund shares Shanghai Sinotec (603121) announced that on March 4th, the company signed a "Partnership Equity Transfer Agreement" with Wan Liujun, agreeing to transfer its 6 million shares of Weixin Titanium K fund that have not been fully paid to Wan Liujun for 0 yuan. After the transfer of the above-mentioned equity is completed, the company will hold 14 million shares of the Weixin Titanium K fund. Harbin Sayyas Windows: Company's stock triggers the condition to initiate stable stock price measures Harbin Sayyas Windows (301227) announced that from February 5, 2025, to March 4, the closing price of the company's stock for 20 consecutive trading days (adjusted for the 2023 annual equity distribution results) was lower than the audited net asset per share of 19.44 yuan/share at the end of 2023, triggering the initiation condition for stable stock price commitment. The company will initiate a board meeting process within 10 trading days from the date when the condition for triggering the stable stock price measures is met, to formulate specific measures to stabilize the stock price. This article is reprinted from "Tencent Stock Selection". Editor: Xu Wenqiang.