A-share announcement highlights | Smart Element Holdings' acquisition of Swancor Advanced Materials Co., Ltd. (688585.SH) completed, increasing its shareholding to 58.62%

Focus Today 1. Swancor Advanced Materials Co., Ltd.: Completion of the tender offer delivery, Zhiyuan Hengyue's shareholding ratio increased to 58.62%; Nominate "Zhihui Jun" Peng Zhihui and others as candidates for non-independent directors of the company Swancor Advanced Materials Co., Ltd. announced that the tender offer report disclosed by the company on September 25, 2025, has been completed. Zhiyuan Hengyue has completed the settlement transfer procedures and now holds 2.36 billion shares of Swancor Advanced Materials Co., Ltd., accounting for 58.6232% of the total share capital. Zhiyuan Hengyue and its concerted actors together hold 257 million shares, accounting for 63.6232% of the total share capital. Note: Zhiyuan Hengyue is a holding platform established by the core team of Zhiyuan Siasun Robot&Automation, which controls the shares of the listed company Swancor Advanced Materials Co., Ltd. through agreement transfer and tender offer. On the same day, the company announced that the 20th meeting of the third board of directors was held on November 6, and approved the proposal to change the company's domicile and revise and amend some corporate governance rules, as well as the proposal for the early election and nomination of non-independent directors and independent directors of the fourth board of directors. The meeting agreed to nominate Peng Zhihui, Tian Hua, Zhou Bin, Jiang Qingsong, and Niu Jia as candidates for non-independent directors of the fourth board of directors, and Deng Xiaoyang, Ma Huimin, and Shen Zhen as candidates for independent directors. The above proposals still need to be submitted to the shareholders' meeting for approval. At the same time, the meeting decided to convene the 2025 third extraordinary shareholders' meeting on November 25. 2. Guangzhou Tinci Materials Technology and its wholly-owned subsidiary Jiujiang Tianci supply 725,000 tons and 870,000 tons of electrolyte products to CALB and Gotion High-tech from 2026 to 2028 Guangzhou Tinci Materials Technology announced that its wholly-owned subsidiary Jiujiang Tianci has signed an "annual purchase contract" with Gotion High-tech to purchase an estimated total of 870,000 tons of electrolyte products from Jiujiang Tianci for the years 2026 to 2028. The agreement is a framework agreement, and the actual purchase volume is subject to the "purchase order" confirmed by both parties, with certain uncertainties. In the event of unforeseen or force majeure factors during the performance of the agreement, there may be a risk that the agreement cannot be fulfilled on schedule or in full. The signing of this agreement is expected to have a positive impact on the company's operating performance from 2026 to 2028. On the same day, Guangzhou Tinci Materials Technology announced that it has signed a "2026-2028 supply guarantee framework agreement" with CALB. The company commits to supply an estimated total of 725,000 tons of electrolyte products to CALB for the years 2026 to 2028. The agreement is a framework agreement, and the specific purchase volume, unit price, specifications, and delivery time are subject to the "purchase order" confirmed by both parties. There are uncertainties and risks in the performance of the agreement, but it is expected to have a positive impact on the company's operating performance from 2026 to 2028. 3. BeiJing StarNeto Technology: Restored qualification to participate in military supplies procurement activities BeiJing StarNeto Technology announced that the company has been removed from the list of prohibited military procurement on the military procurement website, restoring its qualification to participate in military supplies procurement activities. Previously, the company engaged in irregularities in military procurement activities and was banned from participating in the military's general material engineering service procurement activities for a year. With the restoration of its qualification, the company can fully participate in military procurement activities, which will bring a positive impact on the company's normal operation and development. 4. Sinofibers Technology: Signed a 563 million yuan material procurement contract for carbon fiber, accounting for 69.34% of the main business income in the last fiscal year Sinofibers Technology announced that it has signed a "material procurement contract" with customer A, with a total amount of 563 million yuan, accounting for 69.34% of the company's main business income in the last fiscal year as audited. The contract covers carbon fiber and carbon fiber cloth. 5. Do-Fluoride New Materials: Subsidiary obtained orders from China Guangdong Nuclear Power Company to start delivering boron isotope products Do-Fluoride New Materials announced that its subsidiary, Do-Fluoride New Materials Boron-based (Shandong) New Material Technology Co., Ltd., has officially accepted an order from China Guangdong Nuclear Power Company Suzhou Thermal Engineering Research Institute Co., Ltd. after an on-site audit led by the latter. The subsidiary will start delivering boron isotope products. Do-Fluoride New Materials has been researching boron isotope products since 2017 and successfully achieved independent separation of boron isotopes in September 2023. The products are mainly used in industries such as nuclear energy, life health, semiconductors, new energy, etc. The company has completed the construction of a 100-ton/year boron stable isotope series new material production line, which can meet the requirements for products of different abundance and purity in related fields. Currently, the product's revenue share is relatively low, with a relatively small impact on the current operating performance. 6. New Hope Liuhe: Intends to establish a joint venture company with central enterprise funds and underdeveloped funds; will establish sixteen new subsidiaries for pig farming New Hope Liuhe announced that it intends to jointly invest with central enterprise funds and underdeveloped funds to establish Xinliuchang Yixiang Rural Development Co., Ltd. with a registered capital of 2.87 billion yuan. The company will contribute 21 billion yuan in monetary capital, accounting for 73.17%. After the establishment of the joint venture company, it will acquire 100% equity of the company's wholly-owned subsidiaries Baiyin New Hope Liuhe, Panzhou New Hope, and the controlling subsidiary Guanling Xinmu, and set up sixteen new subsidiaries for pig farming in key assistance areas. This external investment has brought in a new strategic partner for the company, allowing it to leverage the partner's strengths for long-term sustainable development. 7. Svg Tech Group: Plans to acquire a 51% stake in Changzhou Vipu Semiconductor Equipment Co., Ltd. for 510 million yuan Svg Tech Group announced that it plans to acquire a 51% stake in Changzhou Vipu Semiconductor Equipment Co., Ltd. for 510 million yuan using existing or self-raised funds. After the transaction is completed, Changzhou Vipu will become a subsidiary of the company and will be included in the company's consolidated financial statements. Changzhou Vipu is one of the few companies in China that has achieved large-scale production in the field of semiconductor photomask defect detection equipment. Its core components are domestically produced and under independent control. The company's products have entered the production lines of top domestic wafer fabs and leading photomask manufacturers domestically and internationally. The completion of this acquisition is expected to help the company continuously upgrade its laser direct writing lithography machines and photomask defect detection equipment, creating new profit growth points for the company. 8. Jiangyin Pivot Automotive Products: Terminates the planned change of control and resumes trading of stocks Jiangyin Pivot Automotive Products announced that due to the inability to reach an agreement on core terms between the company's controlling shareholder Bangfang Network and the counterparty Zhao Qi, it has decided to terminate the planned change of control. This matter will not have a significant adverse impact on the company's operating performance and financial condition. The company's stock will resume trading from the morning of November 7, 2025. 9. CECEP Wind-Power Corporation: Plans to raise no more than 3.6 billion yuan through private placement for projects such as the 100,000 kW wind power project in Akesai County, Zhongjie, etc. CECEP Wind-Power Corporation announced that it plans to raise no more than 3.6 billion yuan through private placement for the projects such as the 500,000 kW industrial park green power supply project in Zhayou County (part of Zhayou County), the 500,000 kW industrial park green power supply project in Zhayou County (part of Xinghe County), the 100,000 kW wind power project in Akesai County, the 100,000 kW wind power project in Mountain Lake, Ganzhou, the 100,000 kW project in Huai'an, the 50 MW wind power project in Shengleng Nanhe District, Xingtai City, and the 50 MW wind power project in Nanhe District, Shengleng, Xingtai City. 10. Aluminum Corporation Of China: Elects He Wenjian as Chairman and appoints Zhang Ruizhong as General Manager Aluminum Corporation Of China announced that at the 6th meeting of the 9th board of directors on November 6, 2025, He Wenjian was elected as the Chairman of the 9th board of directors of the company. His term will be from the date of election by the board of directors until the expiration of the term of the 9th board of directors of the company. At the same time, due to work needs, He Wenjian resigned from the position of General Manager of the company. Nominated by the Chairman, deliberated and approved by the board of directors, Zhang Ruizhong was appointed as the General Manager of the company. He Wenjian has been diligent and dedicated during his tenure as General Manager, making outstanding contributions to the company. Zhang Ruizhong has the qualifications, professional capabilities, and conditions to serve as a senior management of the company. 11. Jiangsu LiXing General Steel Ball: Signed a strategic cooperation agreement with Zhejiang Rongtai Electric Material to conduct strategic cooperation in the application of rolling bodies in the field of screw components for industrial Siasun Robot&Automation Jiangsu LiXing General Steel Ball announced that it has signed a "strategic cooperation agreement" with Zhejiang Rongtai Electric Material on November 6, 2025. The two parties intend to conduct strategic cooperation in the application of rolling bodies in the field of screw components for industrial Siasun Robot&Automation, creating a win-win and sustainable strategic partnership. This agreement is only a strategic cooperation agreement and does not require approval from the company's board of directors or shareholders' meeting or relevant department. The company will fulfill the decision-making procedures and information disclosure obligations according to relevant laws, regulations, and provisions of the company's articles of association after clarifying specific cooperation matters. Zhejiang Rongtai Electric Material is mainly engaged in the research, production, and sales of various high-temperature resistant mica insulation products and precision screw components, and has customer resources related to new energy vehicles and humanoid Siasun Robot&Automation. Jiangsu LiXing General Steel Ball is a leading global rolling body manufacturer with excellent product quality and high market recognition. 12. BEIGENE: Bei Yuezehas is a leading position in the U.S. market and continues to expand in other important markets globally. Adjusted the forecasted operating income for 2025 to be between 36.2 billion yuan and 38.1 billion yuan BEIGENE announced that the company has updated its expected full-year operating performance under Chinese Enterprise Accounting Standards for 2025. The pre-adjustment forecasted operating income for 2025 is expected to be between 35.8 billion yuan and 38.1 billion yuan. After the adjustment, the forecasted operating income for 2025 is expected to be between 36.2 billion yuan and 38.1 billion yuan, with total research and development, sales, and management expenses of 29.5 billion yuan to 30.9 billion yuan, and a gross profit margin maintained at the midpoint to high level of 80% to 90%. The forecasted full-year operating income is expected to exceed the total of operating costs, sales expenses, management expenses, and research and development expenses. The adjusted growth forecast is mainly attributed to Bei Yuezehas's leading position in the U.S. market and its continued expansion in Europe and other important global markets. Stock Market Risk Alerts 1. Allied Machinery, which rose for 3 consecutive days within 6 days: One of the controlling shareholders and concerted actors collectively reduced their holdings of 1,952,800 shares of the company's stock on November 5. 2. Jiangsu HSC New Energy Materials, which rose by 20cm: Due to the uncertainty facing the recovery of the downstream lithium battery industry, the company still faces the risk of declining performance or losses. Share Buybacks & Insider Trading 1. Shandong Sinocera Functional Material: Intends to buy back company shares for 100 million to 200 million yuan 2. Shanghai Xintonglian Packing: Shareholder Bifang Investment plans to reduce its holdings by up to 3% of the company's shares 3. Qingdao Victall Railway: Shareholder Ruizhe Investment plans to reduce its holdings by no more than 3% of the company's shares 4. Hangzhou Xili Intelligent Technology: Shareholders collectively plan to reduce their holdings by up to 2.08% 5. Fujian Nanping Sun Cable: Shareholder Yili Group reduces the company's total share capital by 1.20% 6. Hunan SUND Technological Corporation: Shareholder Zhang Li collectively reduced its holdings by 531,900 shares from October 24 to November 6 Major Deals 1. Chongqing Construction Engineering Group: Consortium of subsidiaries won a 7.81 billion yuan EPC general contracting project for the Jiangwan Project (Phase I) 2. Longhorn Auto: Received designated point agreement from a leading new energy vehicle brand, estimating a total turnover of approximately 470 million yuan over its lifecycle 3. Dayu Irrigation Group: Consortium pre-winning the 3.10 billion yuan Hainan water conservancy project 4. Long Jian Road & Bridge: Company won a 4.41 billion yuan project This article is a reprint from Tencent's self-selected stock information. GMTEight Editor: Chen Wenfang.