A-share Announcement Highlights | Tungsten industry leader's net profit expected to rise over 200%; CATL plans to contribute 400 million yuan to participate in a venture capital fund.

Today's Focus 1. China Tungsten and Hightech Materials: Net profit for the first three quarters expected to rise 219%-241% year-on-year, PCB micro-drill business achieves both volume and price increases China Tungsten and Hightech Materials announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 2.90 billion yuan - 3.10 billion yuan, up 219%-241% year-on-year (restated). During the reporting period, the average price of tungsten concentrate rose year-on-year, and the profitability of tungsten concentrate and powder products improved. At the same time, leveraging its full industry chain cost advantages, the company expanded profit margins in both upstream and downstream businesses. The company continued to optimize its product structure, promoted the expansion and capacity increase of related products, and achieved both volume and price increases in its PCB micro-drill business, effectively enhancing profitability. 2. Contemporary Amperex Technology: Plans to contribute 400 million yuan to invest in Shanghai Times Chenyuan Venture Capital Fund Contemporary Amperex Technology announced that the company, as one of the limited partners, will participate in the investment in Shanghai Times Chenyuan Venture Capital Partnership (Limited Partnership), with a subscribed capital contribution of 400 million yuan, holding a 26.64% subscription ratio in the fund. The total subscribed capital contribution of the fund is 1.502 billion yuan, mainly investing in new energy and future energy, the cross-integration of artificial intelligence and digital technology with energy and power, artificial intelligence, new quality productive forces and future industries. This investment does not constitute a related-party transaction or a major asset restructuring. 3. Fuchun Dye and Weave Group: Net profit for the first three quarters of 2026 expected to rise 1348%-1519% year-on-year, smart factory fully unleashes efficiency Fuchun Dye and Weave Group announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 338 million yuan - 378 million yuan, up 1348%-1519% year-on-year. The change in performance is mainly due to the company's continued deepening of its full industry chain layout, the smart factory fully unleashing efficiency, significantly reduced energy consumption and costs per unit of product, and the coordinated rise in product output, sales volume and prices. 4. Inspur Electronic Information Industry: Net profit for the first three quarters expected to rise 156%-177% year-on-year, strong demand in the server market Inspur Electronic Information Industry announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 3.80 billion yuan - 4.10 billion yuan, up 156.40%-176.64% year-on-year. The change in performance is mainly due to the rapid development of the artificial intelligence industry, strong demand in the server market, and the company seizing the industry uptrend, improving its product line layout, enhancing product added value, and promoting substantial growth in operating performance. 5. Baoding Technology: Net profit for the first three quarters of 2026 expected to be 330 million yuan - 370 million yuan, up 536.88%-614.07% year-on-year Baoding Technology announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 330 million yuan to 370 million yuan, up 536.88% to 614.07% year-on-year; net profit after deducting non-recurring gains and losses to be 340 million yuan to 380 million yuan, up 530.30% to 604.45% year-on-year. The performance growth is mainly due to the turnaround to profitability in the copper-clad laminate and electronic copper foil businesses, rising product sales volume and prices, and rising sales prices of finished gold from the Hexi Gold Mine. The relevant financial data have not been audited by an accounting firm. 6. Shenzhen Fastprint Circuit Tech: Net profit for the first three quarters expected to rise 204%-227% year-on-year, optical module mSAP substrate business has full order backlog Shenzhen Fastprint Circuit Tech announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 400 million yuan - 430 million yuan, up 204.20%-227.02% year-on-year. During the reporting period, driven by AI infrastructure construction, the PCB industry maintained high prosperity. Through product structure optimization, price adjustments and cost reduction and efficiency enhancement measures, the company achieved steady growth in operating revenue and year-on-year improvement in profitability. Among them, the CSP packaging substrate project achieved both volume and price increases, with full orders and substantial year-on-year growth in revenue and profit; the optical module mSAP substrate business achieved breakthroughs with first-tier industry customers, with full order backlog, maintaining high standards in yield and delivery, and contributing significantly to revenue and profit. Yixing Silicon Valley, due to product structure adjustment and unit price increases, significantly improved its operating performance year-on-year and achieved a turnaround to profitability. 7. Suchangchai A: Net profit for the first three quarters of 2026 expected to rise 158.49%-192.21% year-on-year Suchangchai A announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 115 million yuan - 130 million yuan, up 158.49%-192.21% from 44.4888 million yuan in the same period last year; net profit after deducting non-recurring gains and losses to be 35 million yuan - 50 million yuan, up 125.03%-221.48% from 15.5532 million yuan in the same period last year. The performance growth is mainly due to the company's continued efforts to expand domestic and overseas markets, optimize sales structure and increase sales revenue year-on-year; in addition, the sale of some stocks generated investment income of 17.1355 million yuan, and asset disposal gains of 66.2725 million yuan. 8. Qinghai Yanhu Industry: Net profit for the first three quarters expected to rise 88%-92% year-on-year, lithium carbonate capacity significantly increased year-on-year Qinghai Yanhu Industry announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 8.84 billion yuan - 9.05 billion yuan, up 87.96%-92.42% year-on-year. The company's potassium chloride production and sales remained stable, with product prices rising compared with the same period, solidifying the performance foundation; the company's lithium carbonate capacity increased significantly compared with last year, especially the smooth mass production of the 40,000-ton/year basic lithium salt project, which, leveraging cost advantages and recovering product prices, became the core driver of performance growth. The two major businesses worked in synergy, driving substantial growth in the company's overall performance. During the reporting period, the company included Minmetals Salt Lake in the scope of consolidated financial statements. 9. Shenzhen Xinyuren Technology: The company and actual controller Yang Zhiming were placed on file for investigation on October 13, 2026 Shenzhen Xinyuren Technology announced that the company and actual controller Yang Zhiming received a notice of filing from the China Securities Regulatory Commission on October 13, 2026. Due to suspected violations of laws and regulations in information disclosure, the CSRC decided to file a case against the company and Yang Zhiming. During the investigation, the company's various operating activities and businesses are carried out normally, and the company will actively cooperate with the relevant work of the CSRC. 10. SigmaStar Technology: Net profit for the first three quarters of 2026 expected to be 1.543 billion yuan - 1.613 billion yuan, up 663.13%-697.75% year-on-year SigmaStar Technology announced that it expects net profit attributable to shareholders for the first three quarters of 2026 to be 1.543 billion yuan - 1.613 billion yuan, up 663.13%-697.75% year-on-year; net profit after deducting non-recurring gains and losses to be 1.382 billion yuan - 1.452 billion yuan, up 739.89%-782.44% year-on-year; operating revenue to be 4.538 billion yuan - 4.608 billion yuan, up 109.48%-112.71% year-on-year. It expects net profit attributable to shareholders for the third quarter to be 680 million yuan - 750 million yuan, up 5.80%-16.69% quarter-on-quarter. The company stated that during the reporting period, product shipments and average selling prices increased simultaneously. 11. Nexwise Intelligence China: Net profit for the first three quarters of 2026 expected to rise 61.16%-116.93% year-on-year Nexwise Intelligence China announced that it expects net profit attributable to shareholders for the first three quarters of 2026 to be 36.70 million yuan - 49.40 million yuan, up 61.16%-116.93% year-on-year; net profit after deducting non-recurring gains and losses to be 25.70 million yuan - 38.40 million yuan, up 70.90%-155.36% year-on-year. Third-quarter operating revenue was flat year-on-year and up about 50% quarter-on-quarter, with net profit attributable to shareholders up about 1000% year-on-year and up about 300% quarter-on-quarter. The company stated that the performance growth was mainly affected by factors such as the steady development of the "AI + cloud computing" business and the continuous delivery of newly built intelligent computing cloud clusters entering the billing cycle. 12. Hangzhou Star Shuaier Electric Appliance: Plans to acquire 100% equity of Fanyu Technology, stock to resume trading Hangzhou Star Shuaier Electric Appliance announced that the company plans to acquire 100% equity of Fanyu Technology through the issuance of shares and payment of cash. In this transaction, the tentative transaction consideration for Hangzhou Star Shuaier Electric Appliance to purchase 100% equity of Fanyu Technology held by the counterparties is 840 million yuan. The target company is deeply engaged in the field of precision tool manufacturing equipment and drill needle semi-finished products. Through long-term independent research and development innovation, its business scope has formed a collaborative layout of "equipment manufacturing + drill needle semi-finished products" and has accumulated corresponding technical barriers and customer resources. The company's stock will resume trading from the opening of the market on October 14. 13. Power Construction Corporation of China, Ltd (POWERCHINA): Signs contract for Belgrade Metro Line 1 in Serbia, amount approximately 12.526 billion yuan Power Construction Corporation of China, Ltd (POWERCHINA) announced that recently the company signed a contract with the Ministry of Construction, Transport and Infrastructure of Serbia, the Secretariat for Public Transport of Serbia and Belgrade Metro Company for Section 3 of the main line of Phase 1 of the Belgrade Metro Line 1 project in Serbia, with a contract amount of 1.621 billion euros, equivalent to approximately 12.526 billion yuan. The project is located in Belgrade, Serbia, and the main work includes construction drawing design, main structure construction, decoration, mechanical and electrical installation, and landscape greening, etc. The project duration is 60 months, and the warranty period is 2 years. Operating Performance 1. Chongqing Sifang New Material: Asphalt concrete production in Q3 2026 increased 142.50% 2. Suchangchai A: Net profit for the first three quarters expected to rise 158.49%-192.21% year-on-year 3. Jl Mag Rare-Earth: Net profit for the first three quarters of 2026 expected to rise 42.59%-55.20% year-on-year 4. Gepic Energy Development: Net profit for the first three quarters expected to fall 9.09%-10.99% year-on-year 5. Three Gorges Energy: Q3 total power generation 19.062 billion kWh, up 9.3% year-on-year 6. CGN Power Co., Ltd.: Total power generation for the first three quarters up 3.76% year-on-year 7. New Hope Liuhe: September sales of commercial pigs 1.1397 million head, sales revenue 1.382 billion yuan 8. Ningbo Zhenyu Technology: Net profit for the first three quarters of 2026 expected to rise 57.79%-69.93% year-on-year 9. Chenguang Biotech Group: Net profit for the first three quarters of 2026 expected to fall 6.53%-16.40% year-on-year 10. Baoding Technology: Net profit for the first three quarters of 2026 expected to rise 537%-614% year-on-year 11. Hainan Jinpan Smart Technology: Net profit for the first three quarters of 2026 up 12.02% year-on-year 12. Centre Testing International Group: Net profit for the first three quarters expected to rise 17.6%-19.1% year-on-year 13. Shenzhen Bingchuan Network: Expected to turn from profit to loss in the first three quarters of 2026, net loss 125 million yuan - 178 million yuan 14. Xuchang Yuandong Drive Shaft: Net profit for the first three quarters of 2026 expected to rise 58.37%-73.05% year-on-year 15. Sichuan Chuantou Energy: Net profit for the first three quarters of 2026 up 4.36% year-on-year 16. Shandong Dawn Polymer: Net profit for the first three quarters of 2026 expected to rise 117.38%-194.10% year-on-year 17. Xiangtan Electric Manufacturing: Net profit for the first three quarters of 2026 expected to fall 93.02%-95.01% year-on-year 18. Goode EIS: Net profit for the first three quarters of 2026 expected to rise 42.50%-56.92% year-on-year 19. Shandong Jinling Mining: Q3 2026 net profit 48.2498 million yuan, down 31.24% year-on-year 20. Jiangxi Ganneng: On-grid electricity for the first three quarters of 2026 up 27.91% year-on-year 21. Nexwise Intelligence China: Net profit for the first three quarters of 2026 expected to rise 61.16%-116.93% year-on-year Risk Warnings for Abnormal Stock Movements 1. BeiJing StarNeto Technology: Suspended from procurement qualification across the military, will have a certain impact on operations in the short term 2. Cinda: Stock will be delisted on October 19 and share exchange procedure will be initiated 3. Dongxing: Stock will be delisted on October 19 and share exchange procedure will be initiated 4. Changzhou Aohong Electronics: The company and controlling shareholder have no major undisclosed information that should be disclosed 5. Shandong Newjf Technology Packaging: GAPACK has submitted an application for review of the delisting decision 6. Shenzhen Qingyi Photomask: Actual controller changed to Tang Yingnian 7. Shenzhen Xinyuren Technology: The company and actual controller Yang Zhiming were placed on file for investigation on October 13 8. *ST Xilv: Real estate company sued, amount involved 39.949 million yuan Buybacks & Increases/Decreases in Holdings 1. Shandong Huifa Foodstuff: Shareholder Hui Xiping plans to reduce holdings by no more than 3% 2. GuiZhou YongJi Printing: Acquisition of minority shareholder equity in Pijen completed, shareholding increased to 100% 3. Yuan Cheng Cable: Plans to acquire control of a clean energy materials company for no more than 500 million yuan 4. Shaanxi Beiyuan Chemical Industry Group: Shareholder Hengyuan Investment plans to transfer 5.5% of shares by agreement to Xi'an Huiyuan 5. Hunan Corun New Energy: Signs project disposal framework agreement, installment payment of 370 million yuan transfer fee and 121 million yuan compensation 6. Anhui Hwasu Co., Ltd.: Shareholder plans to reduce holdings by no more than 1% 7. Gripm Advanced Materials Co., Ltd.: Plans to increase capital by 186 million yuan in wholly-owned subsidiary 8. Shanghai Newtouch Software: Shareholders plan to collectively reduce holdings by no more than 4% 9. Shandong Xinhua Pharmaceutical: Board secretary Cao Changqiu plans to reduce holdings by no more than 83,300 shares 10. Contemporary Amperex Technology: Plans to contribute 400 million yuan to invest in Shanghai Times Chenyuan Venture Capital Fund 11. Zhejiang Zoenn Design: Shareholders plan to collectively reduce holdings by no more than 2% 12. Shanghai Allist Pharmaceuticals Co., Ltd.: Plans to repurchase shares for 100 million yuan - 200 million yuan, repurchase price no more than 150 yuan/share 13. Fujian Tianma Science And Technology Group: Shareholder Tianma Investment plans to passively reduce holdings by no more than 3% 14. ICkey (Shanghai) Internet and Technology: Fuhai series funds plan to reduce holdings by no more than 2.80% 15. Jiangxi Bestoo Energy: Plans to acquire 100% equity of Hebi Dingju 16. Changsha Jingjia Microelectronics: Chenghui Micro's 170 million yuan capital increase approved by the board 17. Elec-Tech International: Zongde Lighting again lists assets for sale, listing price 39.7888 million yuan 18. Guangzhou Hi-Target Navigation Tech: Plans to sell 100% equity of Dushi Quan for 1.5 million yuan 19. Sinomag Technology: Company has completed reduction of 1.8053 million repurchased shares, accounting for 1.51% of total share capital 20. Shaoxing Xingxin New Materials: Board agrees to increase capital by 10 million yuan and waive part of preemptive subscription rights Major Contracts 1. Tansun Technology: Signs contract to purchase 20,000 NVIDIA GPUs 2. Hangzhou Shenhao Technology: Wholly-owned subsidiary selected for central state-owned enterprise intelligent computing project, total winning bid amount 336 million yuan 3. Wuhan Hiteck Biological Pharma: Signs HT006.2.2 eye drop project licensing agreement 4. Shanghai Tianyong Engineering: Wins 29.49 million yuan assembly line project 5. Acter Technology Integration Group: Signs 858 million yuan construction project and fixed asset procurement contract 6. Wuhan Huakang Century Clean Technology: Wins bid for high-performance diffractive optical components and specialized equipment standardized production line project 7. Power Construction Corporation of China, Ltd (POWERCHINA): Signs major contract for Belgrade Metro project 8. Shandong Donghong Pipe Industry: Pre-wins Hunan Loudi Meishan Irrigation District project, bid price 232 million yuan 9. Shenzhen Heungkong Holding: Wholly-owned subsidiary signs 158 million yuan computing power technical service contract 10. Zhejiang Yatai Pharmaceutical: Shengyao Guangyan signs innovative drug letter of intent, milestone payment 25 million yuan This article is reprinted from "Tencent Stock Picker", GMTEight editor: Li Fo.