Selection of A-share Announcements | Zhongji Innolight (300308.SZ) announces a share repurchase plan exceeding 4 billion yuan.

Todays Focus 1. Suiyuan Technology: IPO issue price set at 142.18 yuan per share on the Sci-Tech Innovation Board Suiyuan Technology announced that the company will conduct its initial public offering (IPO) and list on the Sci-Tech Innovation Board, with an issue price of 142.18 yuan per share. A total of 43.035173 million shares will be issued, aiming to raise approximately 6.119 billion yuan. The company is not yet profitable, and this issuance will use the price-to-sales ratio as a valuation metric, corresponding to a diluted static price-to-sales ratio of 61.80 times for 2025, lower than the average level of comparable companies in the industry. The online and offline subscription date is September 2, 2026. 2. Zhongji Innolight: Plans to buy back 4 billion to 8 billion yuan worth of shares for equity incentives or employee stock ownership plans Zhongji Innolight announced that the company intends to repurchase shares using its own funds or self-raised funds, with a total repurchase amount not less than 4 billion yuan and not exceeding 8 billion yuan, with a repurchase price not exceeding 1,200 yuan per share. Based on the upper limit of the repurchase amount, it is estimated that approximately 6.6667 million shares will be repurchased, accounting for 0.57% of the company's total share capital. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. If not fully utilized within the stipulated time, the unused portion will be lawfully canceled. The repurchase period will not exceed 12 months from the date of approval by the board of directors. 3. Z.AI revenue of 953.9 million yuan in the first half of the year, up approximately 400% year-on-year Z.AI reported a revenue of 953.9 million yuan for the first half of the year, representing a year-on-year increase of approximately 400%, with a forecast of 1.35 billion yuan; gross profit was 251.6 million yuan, with a forecast of 338.4 million yuan; operating loss was 2.15 billion yuan, with a forecast loss of 2.93 billion yuan; R&D expenditure was 2.13 billion yuan. Z.AIs revenue from open platform and API services was approximately 825 million yuan (about 123 million USD), a year-on-year increase of 2,735.7%. 4. Chongqing Polycomp International Corporation: Changes original high-frequency, high-speed electronic fabric project to build LDK generation one and two high-frequency, high-speed electronic fabric capacity of 25.13 million meters/year Chongqing Polycomp International Corporation announced that due to changes in market demand, the company has adjusted its project for producing 36 million meters of high-frequency, high-speed electronic fabric per year. The project name has been changed to the high-performance substrate high-frequency, high-speed electronic fabric project, which will establish LDK generation one and two high-frequency, high-speed electronic fabric capacity of 25.13 million meters/year, with a total estimated investment of 3.021 billion yuan, increasing investment by 1.328 billion yuan. As of the first half of 2026, the market supply and demand for LDK generation one products are basically balanced; starting from July 2026, technological updates will rapidly drive the core material demand to switch to LDK generation two high-performance glass fiber fabric, leading to a supply-demand imbalance for LDK generation two glass fiber fabric. This change aligns with market trends, meets the explosive growth demand in the market, and is beneficial for the company to consolidate its technological first-mover advantage, seize the high-end industrial chain high ground, stabilize strategic partnerships, and expand its high-end customer base. 5. Guangdong Senssun Weighing Apparatus: Plans to issue shares and pay cash to acquire 100% equity of Wuluo Smart, stock suspended Guangdong Senssun Weighing Apparatus announced that the company is planning to issue shares and pay cash to acquire 100% equity of Zhejiang Wuluo Smart City Technology Co., Ltd. and raise supporting funds. This transaction is expected not to constitute a significant asset reorganization or related party transaction and will not lead to a change in the companys actual controller. The companys stock has been suspended from trading since September 1, 2026, and it is expected to disclose the transaction plan within no more than 10 trading days. 6. Wingtech Technology: Court ruling freezes relevant equity assets of Anshi and Antai Ke Wingtech Technology announced that the company and its subsidiary Yucheng Holdings are involved in an infringement liability dispute case with defendants including Anshi Holdings, and the court has issued a "Civil Ruling." Based on the property preservation application made by the company and Yucheng Holdings, the court has ruled to seal, seize, and freeze assets equivalent to 2.139 billion yuan held by the respondents Anshi Limited and Antai Ke Limited, and the ruling will take immediate effect. On the same day, the company received a notice from the Intermediate Peoples Court of Dongguan City, Guangdong Province, indicating that the court froze the 100% equity of Anshi Semiconductor (China), 99% equity of Anshi Semiconductor Technology (Shanghai), 100% equity of Anshi Semiconductor (Wuxi), 100% equity of Anshi Semiconductor (Shanghai), and the 100% equity of Antai Ke Technology (Wuxi) held by Antai Ke Limited, effective from August 25, 2026, to August 24, 2029. Risk Warning on Stock Movements 2-day consecutive rise ZhongTongGuoMai Communication: Has not yet launched computing power-related business Buybacks & Significant Share Changes 1. Sichuan Meifeng Chemical Industry: Plans to buy back shares worth 70 million to 100 million yuan 2. Iflytek Co., Ltd.: First buyback of 750,000 shares, total transaction amount of 30.02 million yuan 3. XCMG Construction Machinery: Controlling shareholder plans to increase holdings of company shares by 100 million to 200 million yuan 4. Shandong Donghong Pipe Industry: Controlling shareholder has obtained a loan commitment letter for share buyback, with a maximum loan amount not exceeding 54 million yuan 5. Bestore Co., Ltd.: Shareholder Dayong Limited aims to reduce holdings by no more than 3% 6. Wetown Electric Group: Two shareholders plan to collectively reduce holdings by no more than 2% 7. Zhejiang Zomax Transmission: Actual controllers Sheng Guiying and Jiang Shaoyi plan to collectively reduce holdings by no more than 1% Major Contract Signings 1. Jangho Group: Wholly-owned subsidiary wins approximately 223 million yuan curtain wall project 2. Ceepower Co., Ltd: Wins 384 million yuan project for China Energy Engineering Corporation's 0.4kV switch cabinet Others Guangdong QW SOLAR Technology: Projected revenue of 48.0853 million yuan in 2025, with the potential for the company's stock to be delisted. This article is reproduced from "Tencent Self-selected Stocks," edited by GMTEight: Xu Wenqiang.