Announcement on the evening of October 24th | Tianqi Lithium Industries incurred a loss of over 5.4 billion RMB in the first three quarters; Shanghai Electric Power Co., Ltd. launched a new 4.3 billion RMB artificial intelligence PCB project
TIANQI LITHIUM incurred a loss of over 5.4 billion yuan in the first three quarters. Tesla raised its 2024 capital expenditure forecast, expecting it to exceed 11 billion US dollars. Zhejiang Medicine's net profit in the third quarter was 534 million yuan, a year-on-year increase of 1737.57%; Xinyisheng's net profit was 781 million yuan, a year-on-year increase of 453.07%; Dinglong's net profit was 376 million yuan, a year-on-year increase of 113.51%; Goodix's net profit was 448 million yuan, a year-on-year increase of 3499.3%; WUS's net profit was 708 million yuan, a year-on-year increase of 53.66%; Runhe Software's net profit increased by 40.11% year-on-year; Kema Technology's net profit was 86.6613 million yuan, a year-on-year increase of 275.56%; Chunqiu ET.'s net profit was 141 million yuan, a year-on-year increase of 1268%; Hunan Baiyin's net profit was 65.33 million yuan, a year-on-year increase of 688%; Xindonglianke's net profit was 81.6327 million yuan, a year-on-year increase of 45.53%; Huadong Medicine's net profit was 866 million yuan, a year-on-year increase of 14.71%; Pechoin's net profit was 298 million yuan, a year-on-year increase of 20.72%; Yantian Port's subsidiary adjusted the investment scale of the Huiyan Expressway project to 4.351 billion yuan; Hengrui Medicine's net profit in the first three quarters was 1.188 billion yuan, a year-on-year increase of 1.91%
1. Performance Changes
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Zhejiang Medicine: The net profit in the third quarter was 534 million yuan, a year-on-year increase of 1737.57%. The company's performance growth was mainly benefited from the sales volume and price increase of its leading products Vitamin E and Vitamin A.
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New Easywin: The net profit in the third quarter was 781 million yuan, a year-on-year increase of 453.07%.
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Dinglong Co., Ltd.: The net profit in the first three quarters was 376 million yuan, a year-on-year increase of 113.51%. The sales of CMP polishing pads in the first three quarters were about 524 million yuan, a year-on-year increase of 95%.
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Goodix: The net profit in the first three quarters was 448 million yuan, a year-on-year increase of 3499.3%.
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WUS: The net profit in the third quarter was 708 million yuan, a year-on-year increase of 53.66%.
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Runhe Software: The net profit in the third quarter increased by 40.11% year-on-year.
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Kema Technology: The net profit in the third quarter was 86.613 million yuan, a year-on-year increase of 275.56%.
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Chunqiu ET.: The net profit in the first three quarters was 141 million yuan, a year-on-year increase of 1268%. The performance change was mainly due to the growth in revenue during the reporting period and the impact of disposing of subsidiaries.
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Hunan Silver: The net profit in the third quarter was 65.33 million yuan, a year-on-year increase of 688%. The performance growth was mainly due to the expansion of the business chain after the acquisition of Baoshan Mining and an increase in advance payments.
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Xindonglian Technology: The net profit in the third quarter was 81.6327 million yuan, a year-on-year increase of 45.53%. During the reporting period, the company's products were successively verified and introduced by downstream users, and the application areas of the products continued to increase.
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Huadong Medicine: The net profit in the third quarter was 866 million yuan, a year-on-year increase of 14.71%.
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Pechoin: The net profit in the third quarter was 298 million yuan, a year-on-year increase of 20.72%.
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Yantian Port: Its subsidiary, Huiyan Expressway Company, adjusted the investment scale of the Shenzhen section of Huiyan Expressway expansion project from 2.92 billion yuan to 4.351 billion yuan.
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Jiangsu Hengrui Medicine: The net profit in the first three quarters was 1.188 billion yuan, a year-on-year increase of 1.91%.
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Jiejie Microelectronics: The net profit in the first three quarters was 333 million yuan, a year-on-year increase of 133.37%.
16. EVE Energy: The net profit in the third quarter of 2024 decreased by 17.44% year-on-year.
17. Tianqi Lithium: It is expected to incur a loss of 640 million to 320 million yuan in the third quarter of 2024; the net profit in the first three quarters is expected to be a loss of 5.45 billion to 5.85 billion yuan.
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Jiangsu Changjiang Electronics Technology: The net profit in the first three quarters increased by 752.58% year-on-year.
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Guangxi Energy: The net profit in the first three quarters was 450 million yuan, a year-on-year increase of 1,987.94%.
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Hengli Petrochemical: The revenue in the third quarter was 65.23 billion yuan, with a net profit of 1.09 billion yuan, a significant year-on-year decrease of 59%.
Regarding Hong Kong and U.S. Stocks
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Tesla raises its full-year capital expenditure forecast for 2024, expecting annual capital expenditures to exceed $11 billion, higher than the previous $10 billion.
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TAL Education Group's net revenue in the second quarter was $619.4 million, a year-on-year increase of 50%, estimated at $601.3 million.
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American Airlines expects adjusted earnings per share for the full year 2024 to be $1.35-1.6, raising guidance.
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UPS's third-quarter non-GAAP adjusted diluted earnings per share were $1.76, a 12.1% increase from the same period last year.
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NVIDIA's third-quarter earnings per share were $2.16, a 5% decrease year-on-year.
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Sinopec Oilfield Service: Net profit in the third quarter increased by 90.7% year-on-year.
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China Communications Construction: The newly signed contract amount in the first three quarters reached 1.280456 trillion yuan, a year-on-year increase of 9.28%.
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Bay Area Development: In September, revenue from the Guangzhou-Shenzhen Expressway increased by 6% year-on-year, while revenue from the Guangzhou-Zhuhai West Expressway decreased by 1%.
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Child City Technology: Social business revenue in the first three quarters increased by over 60% year-on-year.
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JL MAG Rare-Earth: Net profit in the third quarter decreased by 52.24% year-on-year, with a decrease in gross profit margin due to the impact of rare earth prices.
Investment Cooperation, Operating Conditions
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Poly Developments: Won the bid for a 2.434 billion yuan coal mining project.
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Shanghai Electric Power: New construction of AI chip supporting high-end printed circuit board expansion project, with a total investment of about 4.3 billion yuan, estimated to add approximately 4.8 billion yuan in annual revenue.
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Yuhetian: Won the bid for a 3.88 billion yuan government procurement service project in Tonghua City.
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State Power Investment Corporation: Investing in the construction of the Anhui Huoshan Pumped Storage Power Station project, with a total dynamic investment of 7.556 billion yuan.
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Bean God Education: Signed a strategic cooperation agreement to establish a joint venture company focusing on AI education product development and sales.
Hong Kong Stocks
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Good Resources Holdings: Listing status will be canceled from October 29th.
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Tai Fat Real Estate: The company's listing status on the Hong Kong Stock Exchange will be canceled.
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Yanzhou Coal Mining: Increased capital to acquire 45% equity of Wobok Technology and completed the delivery, promoting the transformation of smart logistics.
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Dealmoon: Acquired 10 million yuan worth of equity in Herun Shuke, with a transfer price of 2 million yuan.
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CITIC Securities: CITIC Securities International provided guarantees for the issuance of $27.9 million notes by CSI MTN Limited.
Repurchase, Increase Holdings
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Rongsheng Environmental Protection: Obtained a special loan quota of 200 million yuan from Bank of China for stock repurchase, planning to repurchase 100 million to 200 million yuan of shares.
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Chengde Lolo: Plans to repurchase 30-60 million shares
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Manner: Chairman Tang Xuejiao proposed to repurchase company shares worth 100 million to 200 million yuan.
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CCCC Highway: Signed a cooperation agreement with CCCC Bank to obtain a commitment of 432.6 million yuan in loans for stock repurchase.
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Liaogang Stock: One of the controlling shareholders received loan support for increasing A-share holdings.
Hong Kong Stock Market
1. Kuaishou: Today spent HKD 11.999 million to repurchase 26.27 thousand shares.
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Kanzhun Technology: Acquired 336,454 shares of Class A common stock, accounting for approximately 0.04% of the total share capital.
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COSCO Shipping: Signed a "Cooperation Agreement" with Bank of China to obtain financing support for repurchasing company shares.
IV. Reduction of Holdings
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Yuhetian: Shareholder Tibet Yuneng plans to reduce the company's shares by a total of no more than 11,957,760 shares, i.e., not more than 3.00% of the total share capital, through centralized bidding and block trading.
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Venustech: Shareholder Lei Yan Investment plans to reduce no more than 15,639,748 shares, i.e., not more than 1.9567% of the total share capital.
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Zhuojin Stock: Due to its own funding needs, shareholder Tianjin Zhongan plans to reduce a total of no more than 4,028,321 shares, not exceeding 3% of the total share capital.
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Yongxin Zhicheng: Shareholder Qi'an Chuangtou, holding more than 5% of the shares, plans to reduce a total of no more than 3,067,024 shares, i.e., not more than 3% of the total share capital, due to fund exit needs.
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Taihao Technology: Shanxi Bank plans to reduce its shareholding by no more than 1.11%.
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Huasheng Technology: The original Hua Ce Investment Partner (excluding directors and senior management) plans to reduce its shareholding by 1.16%