Selected announcement of A-shares | China Everbright Bank (601818.SH) proposes to set a comprehensive credit limit of 29 billion yuan for CITIC FAMC.

Focus Today 1. China Everbright Bank: Intends to approve a comprehensive credit limit of 29 billion yuan for CITIC FAMC China Everbright Bank (601818.SH) announced that it intends to approve a comprehensive credit limit of 29 billion yuan for CITIC FAMC Management Company Limited for a period of 12 months. CITIC FAMC holds 8.02% of China Everbright Bank's shares and has one director on the board as a major shareholder, making this transaction a related party transaction. 2. New China Life Insurance: Expects a 45%-65% increase in net profit in the first three quarters New China Life Insurance (601336.SH) announced that it expects a net profit attributable to the company's shareholders of 29.986 to 34.122 billion yuan in the first three quarters of 2025, a year-on-year increase of 45% to 65%. The increase in performance is mainly due to the company's deepening reform and development, enhancing the value and quality of insurance business, advancing the transformation of dividend insurance, optimizing asset allocation, and continuing to significantly increase investment income from the high base of the previous year. 3. Qinghai Yanhu Industry: Expects a 97%-141% increase in net profit in the third quarter, driven by the rise in potassium chloride prices Qinghai Yanhu Industry (000792.SZ) announced that it expects a net profit attributable to the company's shareholders of 4.3 to 4.7 billion yuan in the first three quarters of 2025, an increase of 36.89% to 49.62% compared to the same period last year. The net profit attributable to the company's shareholders in the third quarter is expected to be 1.8 to 2 billion yuan, an increase of 97.41% to 141.28% compared to the same period last year. The increase in profitability is driven by the rise in potassium chloride prices, while the decline in lithium carbonate market prices did not affect the overall performance of the company. 4. China Northern Rare Earth: Issued a warning letter by the Inner Mongolia Securities Regulatory Bureau for undisclosed non-operational fund occupation by related parties China Northern Rare Earth (600111.SH) announced that it received a warning letter from the Inner Mongolia Securities Regulatory Bureau on October 13. The warning letter stated that from February 2019 to December 2024, the company's subsidiary Baotou Steel Group Energy Conservation and Environmental Protection Technology Industry Co., Ltd. provided a total of 8.9485 million yuan for salaries, welfare benefits, insurance premiums, and other expenses to Inner Mongolia Baorui Environmental Protection New Materials Co., Ltd., which constituted non-operational fund occupation by related parties. By December 31, 2024, Baorui Environmental Protection Company had repaid all the funds. The company did not fulfill its disclosure obligations on the matter, violating relevant regulations. The Inner Mongolia Securities Regulatory Bureau decided to issue a warning letter to the company and include it in the integrity archive of the securities and futures market. 5. Tianjin Yiyi Hygiene Products: Planning to acquire a pet food company, stock trading suspended Tianjin Yiyi Hygiene Products (001206.SZ) announced that the company is planning to issue shares and pay cash to acquire assets and raise matching funds. The target of the transaction is Hangzhou Gaoyejia Youduo Cat Pet Food Co., Ltd., and the transaction method is to issue shares and pay cash while raising matching funds. The specific range of the counterparty has not been finalized, and the specific transaction method and plan will be subject to subsequent announcements. The company has signed a memorandum of understanding with the main counterparty, reaching a preliminary intention to acquire assets. The company's stock has been suspended from October 14, 2025, and is expected to disclose the transaction plan within no more than 10 trading days. 6. Anhui Truchum Advanced Materials and Technology: Expects a 2058%-2243% increase in net profit in the first three quarters Anhui Truchum Advanced Materials and Technology (002171.SZ) released a performance forecast for the first three quarters of 2025, expecting a net profit attributable to the company's shareholders of 350 million to 380 million yuan, an increase of 2057.62% to 2242.56% year-on-year. During the reporting period, the company's orderly production of product upgrades and technological transformation projects has effectively driven the release of production capacity, leading to a continuous increase in sales scale and operating income. At the same time, the company is advancing product upgrades and fine management, increasing the value-added of products and enhancing core competitiveness. 7. Actions Technology: Expects a 113% increase in net profit in the first three quarters, with sales revenue of AI processor chips increasing several times Actions Technology (688049.SH) announced that it expects a net profit attributable to the owners of the parent company of 151 million yuan in the first three quarters of 2025, an increase of 112.94% year-on-year. In the third quarter, both sales revenue and net profit not only showed a month-on-month and year-on-year increase but also successively broke the historical peak of the company's single-quarter performance. During the reporting period, the company's promotion of end-side AI audio chips based on the first-generation in-storage computing technology has progressed smoothly, with multiple projects from top brands successfully approved and scheduled to enter production soon. The end-side AI processor chips have been successfully applied in high-end speakers and Party speakers of leading audio brands, leading to a significant increase in market penetration and several times increase in related sales revenue. The company is advancing the continuous iteration of its chip products, focusing on providing continuous empowerment to various product lines with in-storage computing technology, and progressing smoothly in the research and development of the ATW609X for the intelligent Bluetooth wearable field. The company's second-generation in-storage computing technology IP development work is also steadily progressing according to the established plan, aiming to achieve a multiple increase in single-core NPU computing power for the next-generation chips, significantly improving chip energy efficiency performance, and fully supporting Transformer models. 8. FUDANZHANGJIANG: The application for the listing of Obeticholic Acid Tablets for the treatment of primary biliary cholangitis was not approved FUDANZHANGJIANG (688505.SH) announced that its wholly-owned subsidiary, Taizhou FUDANZHANGJIANG Pharmaceutical Co., Ltd., received a "Notice of Non-Approval of Drug Listing Application" issued by the National Medical Products Administration for Obeticholic Acid Tablets used to treat primary biliary cholangitis. The drug did not meet the relevant requirements for drug registration, and the registration application was not approved. The cumulative research and development investment in this project is approximately 125 million yuan and will not have a significant impact on the company's current financial condition. The company will continue to increase research and development investment and accelerate the progress of ongoing projects. The drug is a generic drug of a foreign drug that is conditionally approved for listing overseas but has not been launched domestically. The reference formulation original drug did not receive conventional approval overseas after its market launch, and considering the lack of conclusive evidence of benefits and the presence of serious risks that cannot support the use of Obeticholic Acid for indications approved overseas, the current data is not sufficient to fully support the technical requirements for the conventional approval of this drug as a Class 3 generic drug. 9. Jones Tech Plc: Expects a 74%-104% increase in net profit in the first three quarters, driven by the growth in shipments of heat dissipation materials and components Jones Tech Plc (300684.SZ) released a performance forecast for the first three quarters of 2025, expecting a net profit attributable to the company's shareholders of 230 million to 270 million yuan, an increase of 74.16% to 104.45% year-on-year. During the reporting period, the company benefited from the release of new products and new projects from major North American customers, leading to an increase in shipments of heat dissipation materials and components. The company continues to deepen cooperation with global leading customers, steadily increasing the penetration rate and market share of heat dissipation products. The company continues to promote new heat dissipation solutions and core product research and development in emerging consumer electronics, digital infrastructure (data centers, communication base stations, etc.), under the empowerment of AI, advancing the company's second growth curve with significant revenue growth in high-efficiency heat dissipation modules, core heat dissipation components, high-performance thermal conductive materials, and so on. With optimized product structure and cost reduction, the company's profitability has significantly improved. Business Performance 1. Shenzhen FRD Science & Technology: Expects a 111%-130% increase in net profit in the first three quarters Shenzhen FRD Science & Technology announced that it expects a net profit attributable to the company's shareholders of 275 million to 300 million yuan in the first three quarters of 2025, an increase of 110.80% to 129.96% year-on-year. 2. Zhongtong Bus Holding: Sales volume increased by 36.88% year-on-year in September Zhongtong Bus Holding announced that the company's sales volume in September was 1106 vehicles, an increase of 36.88% year-on-year; the cumulative sales volume for the year is 9010 vehicles, an increase of 5.49% year-on-year. Repurchase & Shareholding Changes 1. Yuntian Lifefly: Yuntian Yuntian and Yuntian Phase One collectively reduced their holdings by 3.17 million shares from September 24 to October 10 Yuntian Lifefly announced that it has received a "Notice of Notification of a Change in Stock Rights Touching the 1% Scale Due to the Reduction of Stock" from shareholders Yuntian Yuntian and Yuntian Phase One. Yuntian Yuntian and Yuntian Phase One collectively reduced their holdings of the company's shares by 3.17 million shares through centralized bidding and block trading methods from September 24, 2025 to October 10, 2025, reducing their shareholding from 7.8697% to 6.9862%. Large Contracts 1. Beijing Hanjian Heshan Pipeline: Won a 207 million yuan onshore drainage project, accounting for 26.29% of the 2024 audited operating income Beijing Hanjian Heshan Pipeline announced that it has received a "Bid Winning Notice" issued by the bidding agency, confirming the winning bid of 207 million yuan for the "Steel Reinforced Concrete Drainage Pipe Routine Procurement (Section 1) of the Onshore Drainage Project of the China Nuclear Engineering Corporation's CNPEC Huxing Infrastructure Division." The winning amount accounts for approximately 26.29% of the company's 2024 audited operating income. 2. Zhejiang Reclaim Construction Group: Expects to win a 313 million yuan construction project Zhejiang Reclaim Construction Group announced that on October 11, the company learned that it was the candidate for winning the bid for the "Huaihe River Estuary Secondary Channel Project (within the jurisdiction of Huai'an City) River Channel Engineering Construction Section 14" project. The bid price for the project was 313 million yuan, and the expected winning amount accounts for 12.60% of the company's total audited operating income in 2024. This article is translated from Tencent Stock Selection, edited by Chen Xiaoyi, for GMTEight.