A-share Announcement Highlights | Guangdong Songfa Ceramics (603268.SH): Subsidiary Company Signs $1.7-2 billion Shipbuilding Contract

Today Focus 1. Unisplendour Corporation: Plans to raise up to 5.57 billion yuan through private placement for the acquisition of a 6.98% stake in New H3C, among other purposes. Unisplendour Corporation announced on February 11 that the company plans to issue A shares to specific investors to raise funds totaling no more than 5.57 billion yuan. The funds will be used to acquire a 6.98% stake in New H3C, purchase research and development equipment, and repay bank loans. The acquisition of a 6.98% stake in New H3C will help increase the net profit attributable to the company's shareholders, thereby strengthening and enhancing the company's ongoing operational capabilities. At the same time, the company has decided to terminate the planned issuance of H shares and the listing on the main board of the Hong Kong Stock Exchange. 2. Dawei Technology (Guangdong) Group: The Zhangbei Data Center project does not involve computing power leasing business. Dawei Technology (Guangdong) Group announced on February 11 that the company provided leasing services to more than ten clients through self-purchase and leasing of servers and chips in 2024. The revenue for the first three quarters was 11.232 million yuan (52.46% from self-purchase, 47.54% from leasing), accounting for 3.59% of the operating income, and the impact of the related business on the company's performance is relatively small. The first phase of the Zhangbei Data Center project is expected to be completed and delivered in October 2025, with a small contribution to revenue in 2025. The project mainly provides customized standard machine room environments, available racks and areas, and supporting equipment and facilities to customers, which is the same as the existing main business model and does not involve computing power leasing business. 3. Kingnet Network: Subsidiary signs settlement agreement with Legendary IP, expected to have a positive impact of about 200 million yuan on current profits. Kingnet Network announced on February 11 that its wholly-owned subsidiary, Shanghai Kaiying, has signed a "Settlement Agreement" with Legendary IP Co., Ltd. The agreement includes terminating legal actions and settlement payments, mutual waivers, termination and continuation of execution, settlement costs, and other terms. Within 10 working days after Legendary IP sends a notice of withdrawal and dismissal of the case to Shanghai Kaiying under Article 1.3 of the agreement, Shanghai Kaiying shall pay a one-time settlement amount of 199 million yuan to the bank account designated by Legendary IP that can receive RMB. The signing of the agreement helps to release frozen assets, improve the company's asset liquidity, resolve the uncertainty brought by long-term litigation, and is expected to have a positive impact of about 200 million yuan on the company's current profits. 4. Shareate Tools Ltd: Plans to acquire 70% equity of PCB tool company Huilian Electronics for up to 700 million yuan. Shareate Tools Ltd announced on February 11 that the company plans to use up to 700 million yuan to acquire 70% equity held by the main shareholder of Xinxiang Huilian Electronics Technology Co., Ltd., to obtain control. At the same time, to solve the issue of same industry competition with the target company and develop overseas markets, the company plans to acquire 70% equity of WINWIN company held by Xu Meihua's spouse Zhang Zhe for up to 28 million yuan. Huilian Electronics is a company engaged in PCB tool, cutting tool, and precision parts business, and is a national-level specialized, sophisticated, and new "small giant" in the PCB tool sub-sector and a champion enterprise in the manufacturing sector of Henan Province, with a strong market competitiveness and industry influence in the PCB tool field. 5. Swancor Advanced Materials Co., Ltd.: The company's smart Siasun Robot & Automation business is currently in the product development stage. Swancor Advanced Materials Co., Ltd. announced on February 11 that the company's smart Siasun Robot & Automation business focuses on the development of products for personal and home scenarios (not for commercial and industrial sectors). The business is currently in the product development stage, has not yet achieved mass production and large-scale sales, and has not generated revenue and profits. Substantial investment is still required in the future, and it is not expected to have a positive impact on the performance of 2025. The company's smart Siasun Robot & Automation business is currently in the prototype output stage of research and development, at the early stage of promotion and publicity, and the success of new product development and market success, as well as the timing of product launch and market promotion after the launch, has a certain degree of uncertainty. The risks such as the slowing of research and development progress, changes in market environment, intensified competition, and insufficient market promotion and customer development may lead to lower-than-expected product benefits. The company is unable to predict the impact on revenue and profitability in 2026. 6. Lanzhou LS Heavy Equipment Co., Ltd.: Vice General Manager Wang Bingzheng is under investigation and placed under detention for suspected violations of discipline and duty-related crimes. Lanzhou LS Heavy Equipment Co., Ltd. announced on February 11 that the company received a "Notice of Case Filing" and a "Detention Notice" issued by the Jingning County Supervision Commission recently, Vice General Manager Wang Bingzheng of the company is under investigation and has been placed under detention for suspected violations of discipline and duty-related crimes. In addition to serving as the Vice General Manager of the company, Wang Bingzheng also concurrently serves as the Secretary of the Party Committee and Director of Lanzhou Lanshi Super Alloy New Materials Co., Ltd., a subsidiary. Currently, the company has made proper arrangements for the work supervised by Wang Bingzheng. As of the date of the announcement, the directors and other senior management of the company are performing their duties normally, the company's production and operation are normal, and have not been affected. 7. Tonze New Energy Technology: Investigated by the China Securities Regulatory Commission for suspected illegal disclosure of information. Tonze New Energy Technology announced on February 11 that the company has been investigated by the China Securities Regulatory Commission for suspected illegal disclosure of information. The company's various production and operational activities are currently normal, and the investigation will not have a significant impact on the company's normal production and operation. The company will actively cooperate with the work of the China Securities Regulatory Commission and strictly fulfill its information disclosure obligations. 8. Ningbo Tuopu Group: Expects a year-on-year decrease of 3%-13% in net profit in 2025. Ningbo Tuopu Group announced on February 11 that the estimated revenue for 2025 is 28.75 billion yuan to 30.35 billion yuan, an increase of 8.08% to 14.10% year-on-year. The expected net profit attributable to the company's shareholders is 2.6 billion yuan to 2.9 billion yuan, a year-on-year decrease of 3.35% to 13.35%. The expected net profit attributable to the company's shareholders after deducting non-recurring gains and losses is 2.42 billion yuan to 2.72 billion yuan, a year-on-year decrease of 0.30% to 11.30%. The main reasons include the Tier 0.5 level cooperation model being recognized by customers, the deepening layout of product platforms, and the acceleration of international layout, but the profit growth did not meet expectations due to fluctuations in raw material prices, intensified market competition, and the influence of international situations. 9. BTG Hotels: Homeinns (China) plans to invest 281 million yuan in a new hotel property project. BTG Hotels announced on February 11 that its indirectly wholly-owned subsidiary Homeinns Hotel Chain (China) Co., Ltd. plans to invest in a new hotel property (including decoration and supporting engineering) project with a total estimated investment of 281 million yuan. The funding will come from Homeinns (China)'s own funds. The project is located at 1066 Lushen Avenue in Fenhuhigh-tech Zone, Wujiang District, Suzhou City, Jiangsu Province, with a planned total construction area of approximately 26,000 square meters, mainly including the construction of two new hotel properties, decoration, and related supporting engineering. The project construction period is estimated to be 1 year and 2 months, with a planned start date of March 9, 2026, and an estimated internal rate of return of about 4%. After the investment in the project is completed, it will help to improve the company's business scale and profit capabilities in the mid-to-high-end hotel sector. 10. Hangzhou Anysoft Information Technology: Plans to raise up to 1 billion yuan for the construction of a domestic intelligent computing center project. Hangzhou Anysoft Information Technology announced on February 11 that the company plans to issue shares to specific investors to raise funds totaling no more than 1 billion yuan for the construction of a domestic intelligent computing center project and to supplement working capital. The company's controlling shareholder, Guo Qing, plans to subscribe for an amount not less than 50 million yuan and not more than 400 million yuan. 11. Business-intelligence Of Oriental Nations Corporation: The Inner Mongolia Smart Computing Center project has been partially completed and delivered, with a small percentage of revenue. Business-intelligence Of Oriental Nations Corporation announced on February 11 that the company's stock price has had an abnormal fluctuation over three consecutive trading days from February 9 to 11, with an accumulated deviation exceeding 30%, indicating an unusual market move. Recently, the capital market has shown high interest in concepts such as "AIDC" and "computing power leasing," with the secondary market performance of related sectors being more active. As of now, the Inner Mongolia Smart Computing Center project has been partially completed and delivered to customers, while the remaining parts are still under construction. The current revenue contribution of this business to the company's total revenue is relatively small and does not have a significant impact on the current operational performance. The future revenue contribution will mainly depend on the progress of the project's delivery and the pace of customer onboarding, with uncertainties present. Investors are advised to make rational judgments and be aware of investment risks. 12. China Micro Semicon (Shenzhen): Plans to use 100 million yuan of surplus funds for the new investment project "IPM Production Line Project." China Micro Semicon (Shenzhen) announced on February 11 that it plans to close the IPO investment project of the company and use the surplus funds of 121 million yuan for permanent working capital and 100 million yuan for the new investment project "IPM Production Line Project." To ensure the smooth implementation of the new investment project, the company plans to establish a wholly-owned subsidiary, Zhongwei Zixin Technology (Sichuan) Co., Ltd., in Ziyang City, Sichuan Province, and to contribute a registered capital of 100 million yuan to implement the "IPM Production Line Project." 13. Qingdao Guolin Technology Group: Plans to issue no more than 16.5 million shares of stocks to specific investors. Qingdao Guolin Technology Group announced on February 11 that the company plans to issue no more than 16.5 million shares of stocks to specific investors, not exceeding 30% of the total share capital of the company before the issuance. Before this issuance, the total share capital of the company was 184 million shares, with Mr. Ding Xiangpeng, the controlling shareholder and actual controller of the company, holding 43.5703 million shares, accounting for 23.6775% of the total share capital. After this issuance is completed, with the calculation of the upper limit of 16.5 million shares for this issuance, the total share capital of the company will increase to 201 million shares, and Mr. Ding Xiangpeng's shareholding will account for 29.9579% of the total share capital. Performance Forecast/Report 1. Beijing Dabeinong Technology Group: The sales volume of live pigs in January was 471,200, an increase of 22.71% year-on-year. 2. Amlogic: Expects a 10%-20% year-on-year increase in revenue in the first quarter of 2026. 3. Q TECH: The sales volume of mobile phone camera modules in January was 41.482 million pieces, an increase of 19.5% year-on-year. 4. Suzhou Everbright Photonics: Net profit in 2025 was 19.5226 million yuan, turning from a loss to a profit year-on-year. 5. State Grid Information & Telecommunication: Net profit in 2025 was 678 million yuan, a decrease of 16.91% year-on-year. Buyback & Shareholding Changes 1. Wanhua Chemical Group: Director and Executive Vice President Hua Weiqi purchased 2,000 shares of A shares of the company. 2. NYOCOR: Obtained a commitment letter for a stock repurchase loan of up to 540 million yuan. 3. Quzhou DFP New Material Group: Plans to repurchase company shares for 50 to 100 million yuan. 4. Robotechnik Intelligent Technology: Shareholder Kejun Investment plans to sell less than 1.313% of the company's shares. 5. Shenzhen Colibri Technologies: Shareholders jointly plan to sell less than 3.13% of the company's shares. 6. Guangdong Tloong Technology Group: Deputy General Manager Wang Na plans to sell less than 0.1171% of the company's shares. 7. OKE Precision Cutting Tools: Shareholder Leqing Dehui plans to sell less than 1% of the company's shares. Major Orders 1. Guangdong Songfa Ceramics: Its subsidiary signed shipbuilding contracts worth 1.7-2 billion US dollars. 2. Shanghai Luoman Technologies Inc.: Won the bid for a 2.6 billion yuan wind power project. 3. Beijing Zhongkehaixun Digital S&T Co., Ltd.: Expected to win a 288 million yuan project. 4. Shanghai Pudong Construction: Subsidiaries won a total of 1.41 billion yuan in projects. 5. Wuxi Taiji Industry: The consortium won the general contracting of the Huahong FAB9B project, with a bid price of 3.778 billion yuan. 6. Shaanxi Construction Engineering Group Corporation: Won four construction projects worth over 5 billion yuan each in January, with a total bid amount of 4.834 billion yuan. 7. Qingdao East Steel Tower Stock: Won about 111 million yuan in a State Grid project. 8. Arcplus Group PLC: Its subsidiary Jiangsu East won a 69.4813 million yuan contract with Tianjin Tianxinhua Kai Co., Ltd. 9. Zhejiang Southeast Space Frame: Consortium won a 484 million yuan EPC project for a commercial complex. 10. Shandong Linuo Pharmaceutical Packaging: Signed a procurement contract with an affiliate, Lino Industry, totaling 14.9023 million yuan. 11. Hsino Tower Group: Subsidiary expected to win a 621 million yuan Southern Power Grid project. Others 1. Shanghai Pharmaceuticals Holding: Its subsidiary's listing application for Tamsulosin Hydrochloride API has been approved. 2. Jiangsu Hengrui Pharmaceuticals: Injection of Trastuzumab Dunatuzumab has been included in the breakthrough therapy category. This article was originally published on "Tencent Stock Picks" and translated by "GMTEight" editor: Xu Wenqiang.