A-share Announcement Highlights | No electronic cloth sales orders have been formed yet! BZS (603082.SH), up for 2 consecutive limit-ups, warns of risks.

Today's Focus 1. Shaanxi Kanghui Pharmaceutical: Subsidiary signs RMB 1.72 billion computing power service contract and RMB 1.141 billion computing power server purchase and sales contract Shaanxi Kanghui Pharmaceutical announced that its wholly-owned subsidiary Beijing Kanghui Zhichuang signed a "Computing Power Service Contract" with Customer A, with a total contract amount of approximately RMB 1.72 billion (tax included), for a term of five years. To ensure the contract's implementation, Beijing Kanghui Zhichuang signed a "Purchase and Sales Contract" for computing power servers with Supplier G, with a total amount of approximately RMB 1.141 billion (tax included). Supplier G is a controlled subsidiary of an A+H share listed company, with good credit status and sufficient performance guarantee capability. The contract stipulates that within 50 days after each batch of computing power servers is delivered, Beijing Kanghui Zhichuang must pay the full price of that batch of computing power servers, and Beijing Kanghui Zhichuang faces significant short-term funding pressure. The company expects to invest approximately RMB 1.141 billion to purchase servers, with funds mainly relying on financial institution financing, and the asset-liability ratio is expected to rise from 69% to around 78%. Computing power delivery will be implemented in batches from the end of Q3 2026 to the end of Q1 2027. If the computing power services under this contract can be delivered on schedule, it is expected to add approximately RMB 30 million in new revenue for the company in 2026, and the impact on the company's 2026 net profit cannot currently be determined. 2. Sany Heavy Industry: Repurchased 16.6206 million shares today, paying RMB 299 million Sany Heavy Industry announced that on September 16, 2026, the company repurchased 16.6206 million shares through centralized bidding, accounting for 0.1808% of the company's total share capital. The highest purchase price was RMB 18.96 per share, and the lowest was RMB 17.64 per share, with a total amount paid of RMB 299 million (excluding transaction fees). As of September 16, 2026, the company had cumulatively repurchased 18.3685 million shares through centralized bidding, accounting for 0.1998% of total share capital, with a cumulative total amount paid of RMB 333 million. This repurchase plan is expected to involve a repurchase amount of RMB 400 million to RMB 800 million, to be used for employee stock ownership plans or equity incentives. 3. Sanbo Hospital Management: Joint actual controllers plan to donate shares worth RMB 100 million without compensation to support the educational development of Capital Medical University Sanbo Hospital Management announced that the company's controlling shareholders and actual controllers Zhang Yang, Yu Chunjiang, Shi Xiang'en, and Luan Guoming signed a donation agreement with the Capital Medical University Education Foundation. The joint actual controllers plan to donate the company's shares they hold to the Capital Medical University Education Foundation without compensation in three batches, with a total value of RMB 100 million in market value. The donated shares are all unrestricted tradable shares. The public welfare purpose of this donation is to support the educational development of Capital Medical University, for funding talent cultivation, education and teaching, medical research, academic exchanges, and school construction, and to reward excellence and support students. This donation will not cause changes in the company's controlling shareholders or actual controllers, and will not have a material impact on the company's governance or going concern. 4. Hangzhou Electronic Soul Network Technology: Actual controller divorces and splits shares, signs concerted action agreement Hangzhou Electronic Soul Network Technology announced that the company's actual controllers Hu Jianping and Chen Fang dissolved their marriage and split shares. Hu Jianping will transfer 7.2829 million shares (3% of total share capital) to Chen Fang. After the split, Hu Jianping's shareholding will decrease to 2.78%, and Chen Fang's shareholding will increase to 13.78%. Both parties have signed a "Concerted Action Agreement" for a term of 36 months, jointly controlling 16.56% of the company's shares. The company's actual controllers have not changed, and no change of control is involved. 5. Wingtech Technology: Company's entity credit rating downgraded to "BBB-" with negative outlook Wingtech Technology announced that the rating agency China Chengxin recently conducted an unscheduled tracking rating in accordance with the relevant management system for tracking ratings, and on September 15, 2026 issued the "China Chengxin International Announcement on Downgrading the Entity and Related Debt Credit Ratings of Wingtech Technology Co., Ltd." The rating results are as follows: the company's entity credit rating was adjusted to "BBB-", with a negative outlook; at the same time, the credit rating of "Wingtech Convertible Bonds" was adjusted to "BBB-". Before the adjustment, the Wingtech Convertible Bonds rating had an entity credit rating of "BBB+", with a negative outlook; and a debt credit rating of "BBB+". 6. Hengong Precision Equipment: Plans to issue convertible bonds of no more than RMB 810 million for embodied intelligence Siasun Robot&Automation and other projects Hengong Precision Equipment announced that the company plans to issue convertible bonds to unspecified objects, with total raised funds not exceeding RMB 810 million. After deducting issuance expenses, the funds will be used for the embodied intelligence Siasun Robot&Automation body manufacturing project, the embodied intelligence Siasun Robot&Automation pilot test base and Shanghai R&D center project, the high-end equipment parts capacity expansion project, the high-end parts new materials capacity expansion project, and to supplement working capital. 7. Shanghai Yahong Moulding: Feike Investment will become the company's controlling shareholder, stock to resume trading tomorrow Shanghai Yahong Moulding announced that the company's controlling shareholder Ningsheng Group, and major shareholders holding more than 5% Xie Yaming and Xie Yue signed a share transfer agreement with Feike Investment, planning to transfer a total of 29.99% of the company's shares to Feike Investment at a transfer price of RMB 21.43 per share, with a total transfer price of RMB 900 million. After this equity change is completed, Feike Investment will become the company's controlling shareholder, and Li Gaiteng will become the company's actual controller. In addition, on the premise that the above agreement transfer matters are completed, Feike Investment plans to issue a partial tender offer to acquire 10.21% of the company's shares at RMB 21.43 per share. The company's stock will resume trading on September 17, 2026. Risk Warnings for Unusual Stock Movements 2 consecutive limit-ups BZS: Electronic cloth weaving machines are in the production verification stage, and no sales orders have been formed Repurchases & Increases/Decreases in Holdings 1. Ningbo Deye Technology Corporation: Plans to repurchase company shares for RMB 100 million to RMB 200 million 2. Amoy Diagnostics: Multiple directors and senior executives plan to increase their holdings of company shares 3. Zhejiang Yueling: Shareholder Lin Xianming plans to reduce holdings by no more than 3% 4. Shenzhen Sinovatio Technology: Concerted action persons of controlling shareholder cumulatively reduced 2.1393 million shares from September 10 to September 15 5. Henan Shijia Photons Technology: Recent shareholder Hebi Investment Group completed reduction of 1% of shares Major Contracts Signed 1. Zhejiang Haiyan Power System Resources Environmental Technology: Signed a supply contract of RMB 68.156 million 2. Xinhua Winshare publishing & Media: Signed a free textbook procurement contract of RMB 1.311 billion 3. Hangzhou Seck Intelligent Technology: Won a bid for a water meter and water quality testing equipment procurement project worth RMB 23.1484 million This article is reprinted from "Tencent Stock Picker", edited by GMTEight: Feng Qiuyi.