Today's focus
1. Tuojing Technology: The acquisition of 82.97% of Shangji Semiconductor's shares was approved by the Shanghai Stock Exchange and is yet to be registered by the Securities Regulatory Commission
Tuojing Technology (688072.SH) announced that the company plans to purchase 82.97% of the shares of Wuxi Shangji Semiconductor Technology Co., Ltd., 100% of the shares of Shanghai Taina Micro Enterprise Management Co., Ltd., and 100% of the shares of Wuxi Kuanxing Enterprise Management Co., Ltd. and raise supporting capital; the Shanghai Stock Exchange has reviewed and approved the transaction. The transaction still needs to be approved by the China Securities Regulatory Commission before it can be implemented. There is uncertainty about whether registration can be obtained and when registration will be completed. After obtaining registration, the company will process the delivery of the underlying assets and issue new shares for listing.
2. Lanshield Optoelectronics: Acquired 100% of Suzhou Lanchuang's shares for 1.35 billion yuan and moved into vacuum coating equipment
Lanshield Optoelectronics (300862.SZ) announced that the company plans to purchase 100% of Suzhou Lanchuang Technology Co., Ltd.'s total shares held by 7 counterparties including Zheng Yanfei by issuing shares and paying in cash, at a transaction price of 135,000 million yuan, while issuing shares to no more than 35 specific investors to raise supporting capital; the total equity value of the target shareholders as assessed by market law is 1,361 million yuan. It is mainly engaged in the development and manufacture of high-performance vacuum coating equipment, which is a special equipment manufacturing industry. The transaction constitutes a related transaction. It still needs to be reviewed by the shareholders' meeting, reviewed by the Shenzhen Stock Exchange, and registered by the Securities Regulatory Commission, and there is a risk that the underlying asset will be depreciated on goodwill and performance commitments that will not fully cover the consideration.
3. *ST Ruimao: The closing price of 0.96 yuan fell below the face value of 1 yuan, indicating the risk of termination of listing
*ST Ruimao (600180.SH) announced that the closing price of the company's stock on November 12 was 0.96 yuan/share, below the face value of 1 yuan. According to the Shanghai Stock Exchange stock listing rules, the listing of listed companies that only issue A shares will be terminated for 20 consecutive trading days, and the mandatory trading delisting will not enter the delisting period; the company's 2025 financial and accounting report was issued, and internal control audits were rejected. If the relevant circumstances are not eliminated in 2026, the listing may also be terminated. As of August 15, the total amount of overdue financial institutions, overdue commercial tickets, and unpaid bonds of the company and subsidiaries was about $6.274 billion; as of November 3, the total amount involved in litigation, arbitration, and execution in the past 12 months was about $12.377 billion.
4. Yingjianke: 21.14 yuan/share transferred 15.34% of the shares, and the actual controller was reduced to 3
Yingjianke (300935.SZ) announced that Zhang Jianyun, one of the actual controllers, signed a “Share Transfer Agreement” with Yancheng Ziji Science and Technology Innovation Investment Center (limited partnership) to transfer all 12,182,716 unrestricted tradable shares (accounting for 15.34% of the total share capital) at 21.14 yuan/share, for a total transfer price of 257,542,616 yuan; after the transfer is completed, Zhang Jianyun no longer holds shares and is no longer the actual controller of the company. The actual controllers are Chen Lin, Zhang Jianyun, Ren Weijiao, and Zhang Dai 3 more people, and the transferee holds 15.34% of the shares Become a shareholder of 5% or more. This transfer does not involve an offer acquisition, and is subject to Shenzhen Stock Exchange compliance confirmation and transfer registration.
5. Hegang Steel Co., Ltd. increased the capital of two wholly-owned steel companies by a total of 6 billion yuan and expanded their registered capital
Hegang Steel Co., Ltd. (000709.SZ) announced that the company plans to increase capital by 2 billion yuan in cash to the wholly-owned subsidiary Hangang Nengjia Steel, and that the capital increase will be included in the registered capital. At the same time, the registered capital will increase by 4 billion yuan to Hanbao Steel from 12 billion yuan to 16 billion yuan, a total of 6 billion yuan. After the capital increase, the company still holds 100% of the shares of the two companies. The company said that the registered capital of Hangang Steel Nengjia and Hanbao companies are not well suited to the scale of operation, the balance ratio of Hanbao Company is high, and the capital increase is used to supplement capital and optimize the financial structure.
6. MeiG Intelligence: Participating in the Hong Kong Stock Exchange listing of the company Hongxinyu, which is expected to increase profit by RMB 88.47 million
MeiG Smart (002881.SZ) announced that Shenzhen Hongxinyu Electronics Co., Ltd., a wholly-owned subsidiary of MeiG Smart Investment, was listed on the main board of the Hong Kong Stock Exchange on November 12, under the stock code 02681.HK. The current global sale of 14,717,200 H shares at an issue price of HK$72.83 per share; MeiG Smart Investment invested in 2020 and currently holds 3 million shares of Hongxinyu. The ban period is 12 months after listing. The company classified this portion of the shares as financial assets measured at fair value and the change included in current profit and loss. According to preliminary estimates, it is estimated to affect the 2026 net profit of about 88,477 million yuan, accounting for about 61.99% of the audited net profit to mother in 2025. The final report is based on the regular report.
7. Central Shopping Mall: The bankruptcy and liquidation of the subsidiary was accepted by the court and will no longer be listed
The Central Mall (600280.SH) announced that the company received a “Civil Ruling” from the People's Court of Wuzhong District of Suzhou City, ruling to accept the bankruptcy and liquidation application of Suzhou Zhongshang Land Co., Ltd., a wholly controlled subsidiary of the company; after the court appoints a manager to take over, the company will lose actual control over the subsidiary and will no longer be included in the scope of consolidated financial statements from the date of takeover. Suzhou China Commercial Land has had no actual business activities for a long time, and the company has no guarantee or joint liability for settlement of its debts. According to preliminary estimates, this matter is expected to bring profit contributions to the current consolidated statement. The specific amount is subject to the annual audit results.
8. *ST unnamed: Listed to transfer the subsidiary's shares and two pharmaceutical technologies, to remove reservations
*ST Weiming (002581.SZ) announced that the company plans to transfer 100% of the shares of the wholly-owned subsidiary Jilin Weiming Tianren Chinese Herbal Medicine Technology Development Co., Ltd. and the “recombinant anti-TNFα all-human monoclonal antibody injection” and “injectable recombinant anti-CD25 human mouse chimeric monoclonal antibody”. The initial public listing price is not lower than the historical cost; Jilin Weiming's total assets are 15.4029 million yuan and net assets of 10.513,200 yuan at the end of 2025. The company said that the purpose of this transfer is to eliminate the impact of qualified opinions in the 2025 audit report and optimize resource allocation, and the transferee has not yet been determined.
Operating performance
1. Xincheng Holdings: October contract sales of 1,030 billion yuan
Metro Holdings (601155.SH) announced that total commercial operating revenue in October was 1,260 billion yuan, up 6.24% year on year.
2. Yitian Intelligence: Total computing power service contracts reduced from 1,106 billion yuan to 780 million yuan
Yitian Intelligence (300911.SZ) announced that the subsidiary signed a supplementary agreement with customer Y to reduce the scale of computing power and service fees.
Buyback & increase or decrease holdings
1. Huahong Hongli: Plans to repurchase 300 million yuan to 500 million yuan, all for cancellation
Huahong Hongli (688347.SH) announced that the repurchase price will not exceed 255.55 yuan/share, and the plan is yet to be approved by the shareholders' meeting.
2. Tianci materials: It is proposed to repurchase 50 million yuan to 100 million yuan to cancel capital reduction
Tianci Materials (002709.SZ) announced that the repurchase price did not exceed 45 yuan/share, and the plan still needs to be reviewed and approved by the shareholders' meeting.
3. Keboda: Chairman proposes to repurchase 150 million yuan to 250 million yuan
Keboda (603786.SH) announced that the repurchase of shares is intended to be used for equity incentives or employee stock ownership for a period of 6 months.
4. Qianyuan Electric Power: Guoxin Industrial's capital holdings increased to 6%, and plans to increase no less than 6 million shares
Qianyuan Electric Power (002039.SZ) announced that it increased its holdings by 4.275,700 shares from October 29 to November 11, accounting for 1% of the total share capital.
Sign a big order
1. Rena Smart: 202 million yuan won the bid for the Urumqi heating metering transformation project
Rena Intelligence (301129.SZ) announced that the project is still in the process of announcing the bid results, and the company has yet to receive a notice of winning the bid.
2. Dayu Water Saving: The consortium won the bid for the Yunnan Xundian Water Saving Irrigation Project, amounting to 99.2711 million yuan
Dayu Water Saving (300021.SZ) announced that the subsidiary is the consortium leader, and the project operation period is 3 years.