Announcement on the evening of October 21st | SERES plans to purchase financial products not exceeding 15 billion; FAW Jiefang plans to sell 21.84% equity of FAW Finance

Wallstreetcn
2024.10.21 12:51
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On the evening of October 21st, SERES announced its plan to purchase financial products not exceeding 15 billion, while FAW Jiefang intends to sell 21.84% of its equity. ZTE's operating income in the third quarter was 27.557 billion yuan, a year-on-year decrease of 3.94%, with a net profit of 2.174 billion yuan, a year-on-year decrease of 8.23%. Several companies are involved in major asset restructurings, equity transfers, and repurchases, including JFMoyuan, Koyuan Pharmaceutical, and FAW Fuwei

I. Suspension and Resumption of Trading

  1. JFM Technologies: The company plans to acquire the controlling rights of Sichuan Yichong Technology Co., Ltd. and raise matching funds. As the transaction is expected to constitute a major asset restructuring and related party transaction, the stock will be suspended from trading starting tomorrow.

  2. Keyuan Pharmaceutical: The company plans to acquire 99.42% equity of Shandong Hongjitang Pharmaceutical Group Co., Ltd. The stock will resume trading from October 22, 2024.

II. Mergers and Acquisitions

  1. FAW Fuwei: Intends to transfer 6.4421% equity of FAW Finance to FAW Group. This transaction constitutes a related party transaction and a major asset restructuring.

  2. Jiangtian Chemical: Intends to acquire 100% equity of Sandaya. Sandaya and Jiangtian Chemical both belong to the industry of chemical raw materials and chemical products manufacturing. Through this transaction, Jiangtian Chemical will add a high water-absorbent resin business.

  3. Sino-UK Technology: Plans to acquire 55% equity of Suzhou Botemeng, with the target company's overall valuation ranging from 1.3 billion to 1.6 billion yuan.

III. Equity Transfer, Repurchase, and Private Placement

  1. CR Material: The Chairman proposes to repurchase shares worth 60 million to 110 million yuan.

  2. Trust Group: The largest shareholder plans to publicly solicit the transfer of 25.54% of shares.

  3. Fengshen Co.: Plans to raise funds not exceeding 300 million yuan through a simple process of issuing shares to specific targets.

Hong Kong Stock Market

  1. Miniso: Spent 1.15 million Hong Kong dollars on repurchasing 36,400 shares on October 18.

  2. Kuaishou: Repurchased 257,800 shares today.

IV. Increase and Decrease of Holdings

  1. Jiawei New Energy: Shareholders holding more than 5% intend to reduce their holdings by no more than 3%.

  2. Weimai: Shareholder Cai Youliang reduced holdings by 1.6515 million shares, decreasing ownership to 5%.

  3. Huifa Food: Shareholder Yang Hong plans to reduce holdings by no more than 2.4464 million shares, accounting for 1% of total share capital.

  4. Tianyima: Dongxing Boyuan plans to reduce holdings by no more than 3.68% due to capital needs.

  5. Huasen Pharmaceutical: Controlling shareholder plans to reduce holdings by no more than 3%.

  6. Cosci Technology: Shareholder Liang Hongjian reduced holdings by 1.60%, decreasing ownership to 21.56%.

  7. Maohua Shihua: Controlling shareholder plans to increase holdings by an amount not less than 10 million yuan.

  8. Jiangzhong Pharmaceutical: Controlling shareholder plans to increase holdings by 60 million to 120 million yuan.

Hong Kong Stock Market

  1. IGG: Executive Director and Chief Operating Officer Xu Yuan increased holdings by 1 million shares, spending approximately 3.84 million Hong Kong dollars.

2. CR Pharma: Jiangzhong Pharmaceutical, the controlling shareholder, plans to increase holdings by 60 million to 120 million yuan.

3. COSCO SHIPPING Energy: Controlling shareholder China COSCO Shipping Group plans to increase A-shares holdings by 679 million to 1.358 billion yuan.

  1. Alibaba: Reduced by approximately 5.194 billion Hong Kong dollars by JP Morgan.

V. Investment Cooperation and Business Operations

  1. SERES: Plans to use no more than 15 billion yuan of its own funds to purchase high-security, highly liquid, low-risk financial products to improve fund utilization efficiency and increase fund returns.

  2. Nengke Technology: Wholly-owned subsidiary Nengke Ruiyuan signed a "Large-scale Model Scenario Application Contract" with a certain research institute limited company, with a total contract amount of 145 million yuan, accounting for 10.31% of the company's audited operating income for 2023.

  3. Qiaoyin Shares: Signed a 497 million yuan contract for the Kaifeng project.

  4. FAW Jiefang: Planning a major asset restructuring, intending to sell 21.84% equity of FAW Finance.

  5. Sihuan Bio: The actual controller was investigated by the China Securities Regulatory Commission for violating information disclosure regulations.

  6. CSSC Emergency: Under investigation for suspected illegal information disclosure.

Hong Kong Stocks

  1. WuXi AppTec: Completed the issuance of $500 million zero-coupon guaranteed convertible bonds due in 2025, planned for global business development, etc.

  2. Country Garden: The "22 Bi Di 03" first bondholders' meeting in 2024 passed the early redemption proposal.

  3. Geely Auto: Acquired Ningbo Passenger Vehicle and signed a comprehensive service agreement.

  4. Bank of China: Listed $300 million floating rate notes due in 2027 on the London Stock Exchange.

  5. CITIC Securities: Sold the remaining equity and related shareholder loans of McDonald's China mainland and Hong Kong business.

  6. Yango Group: The UK restructuring plan meeting is scheduled for November 22.

VI. Performance Changes

  1. Juguang Technology: It is expected to achieve a profit of 110 million to 124 million yuan in the first three quarters of 2024, turning losses into profits year-on-year. The company's overall gross profit margin has increased compared to the same period last year.

  2. Shangjin International: Net profit for the first three quarters of 2024 was 1.727 billion yuan, a year-on-year increase of 54.46%. The company's production and operation management capabilities steadily improved, with increased trade volume and sales volume and prices of mineral products.

  3. Lihua Shares: Net profit for the first three quarters increased by 507.71% year-on-year.

  4. Hangzhou Bank: Net profit for the first three quarters was 13.87 billion yuan, an 18.63% year-on-year increase.

  5. Chuanning Bio: Net profit for the third quarter was 310 million yuan, a 24.20% year-on-year increase.

Hong Kong Stocks

  1. ZTE: Achieved operating income of 27.557 billion yuan in the third quarter, a 3.94% year-on-year decrease, and a net profit of 2.174 billion yuan, an 8.23% year-on-year decrease.

  2. China Mobile: Operating income for the third quarter was 244.7 billion yuan, a 0.1% year-on-year decrease; net profit attributable to equity shareholders of the parent company was 30.7 billion yuan, a 4.6% year-on-year increase.

  3. Ping An of China: Net profit attributable to the parent company for the first three quarters was 119.182 billion yuan, a 36.1% year-on-year increase. Ping An's individual customers reached 240 million, with customers holding 4 or more contracts within the group accounting for 25.1%, and a retention rate of 98.0%

  4. Lufax: Achieved operating income of RMB 5.54 billion in the third quarter. As of September 30, Lufax has served over 24.8 million borrowers.

  5. Binhai Investment: In the third quarter, pipeline gas sales volume increased by 24% year-on-year

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