Performance expected to be a loss, this company faces delisting risk! | Selected After-Hours Announcements

On February 28, JSSH is expected to report a net profit loss and faces delisting risk warnings. The well-known internet financial company DZH plans to sell its wholly-owned subsidiary. The leading enterprise in the segmented industry, HUAMING, plans to repurchase shares worth 150 million to 200 million yuan.

Here are the highlights from the after-hours announcements:

JSSH: Stock may face delisting risk warning after the disclosure of the 2024 annual report

JSSH announced that, according to preliminary calculations by the financial department, the audited net profit for 2024 is expected to be negative, and the operating income after deductions is less than 300 million yuan, which will trigger the delisting risk warning conditions stipulated in Article 9.3.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)." The company's stock may face delisting risk warnings after the disclosure of the 2024 annual report.

DZH: Plans to sell 100% equity of wholly-owned subsidiary Tianlanlan for 35.305 million yuan

DZH announced that the company plans to sign a "Share Transfer Agreement" with its controlling shareholder Zhang Changhong to sell 100% equity of its wholly-owned subsidiary Shanghai Tianlanlan Investment Management Co., Ltd. for 35.305 million yuan. This transaction constitutes a related party transaction, has been approved by the board of directors, and still needs to be submitted for shareholder meeting approval. This transaction is beneficial for optimizing the company's asset structure, continuously focusing on its main business, promoting operational development, and improving the quality of the listed company. After the transaction is completed, Tianlanlan will no longer be included in the company's consolidated financial statements.

HUAMING: Plans to repurchase shares worth 150 million to 200 million yuan

HUAMING announced that the company plans to repurchase shares worth 150 million to 200 million yuan, with funding sourced from its own or self-raised funds, and the repurchase price will not exceed 24.6 yuan per share. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives.

ZTE: Plans to use no more than 30 billion yuan of its own funds for entrusted wealth management

ZTE announced that the company held a board meeting on February 28, 2025, and approved the proposal to use its own funds for entrusted wealth management, with a total amount not exceeding 30 billion yuan. This matter needs to be submitted for shareholder meeting approval. The company will choose wealth management products with high safety, good liquidity, and medium to low risk.

ZTE: 2024 net profit of 8.425 billion yuan, down 9.66% year-on-year

ZTE announced that the operating income for 2024 is 121.299 billion yuan, a year-on-year decrease of 2.38%. The net profit attributable to ordinary shareholders of the listed company is 8.425 billion yuan, a year-on-year decrease of 9.66%. The company's profit distribution plan for 2024 is to distribute 6.17 yuan in cash (including tax) for every 10 shares based on the total share capital on the dividend record date to all shareholders.

Northern Rare Earth: Controlling shareholder Baogang Group plans to increase its stake in the company by 500 million to 1 billion yuan

Northern Rare Earth announced that its controlling shareholder Baogang Group plans to increase its stake in the company by 500 million to 1 billion yuan. Recently, Agricultural Bank of China Baotou Lucheng Branch issued a "Loan Commitment Letter" to Baogang (Group) Company, agreeing to provide a loan of no more than 900 million yuan to Baogang (Group) Company for increasing its stake in the company's A-shares, with a loan term not exceeding 3 years In addition to the above loans, the remaining funds for this increase plan are the self-owned funds of Baotou Steel (Group) Company.

Power Source: Plans to transfer 100% equity of Hong Kong Power Source to wholly-owned subsidiary Disaiqizheng for 15 million yuan

Power Source announced that the company plans to transfer 100% equity of its wholly-owned subsidiary Hong Kong Power Source International Limited to its wholly-owned subsidiary Beijing Disaiqizheng Technology Co., Ltd. at a transaction price of 15 million yuan. This transaction has been reviewed and approved by the company's board of directors, supervisory board, and independent directors' special meeting, and does not constitute a related party transaction or a major asset restructuring. After the transaction is completed, Hong Kong Power Source will no longer be included in the company's consolidated financial statements, but it will not have a significant impact on the company's production and operation.

Changan Automobile: Avita Technology has completed the payment of the second transfer price of 5.75 billion yuan

Changan Automobile announced that its joint venture Avita Technology has completed the payment of the second transfer price of 5.75 billion yuan to Huawei. This delivery is an important milestone in the strategic cooperation between Avita Technology, Changan Automobile, and Huawei, marking the transition of both parties from industrial synergy to emerging strategic cooperation linked by capital. This will continue to help Avita Technology and Changan Automobile accelerate the construction of leading competitive advantages in the field of automotive intelligence and promote leapfrog development. This transaction will not lead to changes in the scope of Changan Automobile's consolidated financial statements and will not have a significant impact on Changan Automobile's financial condition and operating results in the short term.

Tailing Micro: National Big Fund has reduced its stake in the company by 1%

Tailing Micro announced on February 28 that its shareholder, the National Integrated Circuit Industry Investment Fund Co., Ltd., reduced its stake in the company by 2.4 million shares from February 17 to February 28, resulting in a reduction ratio of 1.00%, causing its shareholding ratio to decrease from 8.95% to 7.95%.

China Electric Xinfeng: Securities abbreviation will change to "China Electric Xinlong" starting March 3

China Electric Xinfeng announced on the evening of February 28 that, approved by the Shenzhen Stock Exchange, starting from March 3, 2025, the company's securities abbreviation will change from "China Electric Xinfeng" to "China Electric Xinlong."

Seres: The acquisition of 10% equity of Yiwang has completed the payment of the second transfer price of 5.75 billion yuan

Seres announced that its wholly-owned subsidiary Seres Automobile plans to purchase 10% equity of Shenzhen Yiwang Intelligent Technology Co., Ltd. held by Huawei for 11.5 billion yuan. As of the announcement date, the preconditions for the second payment and delivery as stipulated in the "Equity Transfer Agreement" have been met, and all parties have determined February 28, 2025, as the delivery date for this transaction. Yiwang has issued a capital contribution certificate and shareholder register to Seres Automobile, which has completed the payment of the second transfer price of 5.75 billion yuan as stipulated in the "Equity Transfer Agreement" to Huawei. The parties involved will promptly handle the industrial and commercial change registration for the equity transfer and actively and orderly promote the relevant work for the delivery of this transaction.

Guotai Junan: The equity registration date for the A-share exchange of the merger with Haitong Securities is March 3, 2025

Guotai Junan announced that the equity registration date for the absorption and merger of Haitong Securities' A shares will be March 3, 2025. The A shareholders of Haitong Securities registered after the market closes on the equity registration date will convert their Haitong Securities A shares into Guotai Junan A shares at a ratio of 1:0.62, meaning each 1 share of Haitong Securities A shares can be exchanged for 0.62 shares of Guotai Junan A shares.

Dongjie Intelligent: Plans to establish a wholly-owned subsidiary in the United States and Germany

Dongjie Intelligent announced that the company plans to establish an overseas subsidiary, OMH (American) LLC, in the United States through its wholly-owned subsidiary Dongjie Haiden (Changzhou) Technology Co., Ltd., with a registered capital of USD 10,000; and to establish an overseas subsidiary, OMH (Germany) GMBH, in Germany with a registered capital of EUR 25,000. The business scope of both subsidiaries includes equipment installation, international trade, and supply chain management services. The establishment of these subsidiaries aims to enhance international competitiveness and service capabilities, improve the overall business layout and medium- to long-term strategic development plan of the company. The investment risk is controllable and will not adversely affect the company's finances and operations.

China Merchants Shekou: 2024 net profit of 4.039 billion yuan, a year-on-year decrease of 52.27%

China Merchants Shekou announced that the total operating revenue for 2024 is 178.948 billion yuan, a year-on-year increase of 2.25%; the net profit is 4.039 billion yuan, a year-on-year decrease of 52.27%.

Sanyuan Bio: Received corrective measures ordered by Shandong Securities Regulatory Bureau

Sanyuan Bio announced that the company and relevant responsible persons received the "Order for Correction Decision" and "Warning Letter Decision" from the Shandong Securities Regulatory Bureau. Upon investigation, it was found that the company had insufficient basis for selecting indicators such as revenue growth rate, net operating asset growth rate, and discount rate when conducting impairment testing on long-term equity investments at the end of 2023. Some indicators were improperly selected, and the proportion of held equity was not considered, violating relevant accounting standards and information disclosure management measures. The Shandong Securities Regulatory Bureau decided to take corrective measures against the company and issued warning letters to Chairman Nie Zhaojian, General Manager Cheng Baohua, and Chief Financial Officer Yu Junling.

Zhongji Xuchuang: 2024 net profit of 5.171 billion yuan, a year-on-year increase of 137.90%

Zhongji Xuchuang announced that the company achieved total operating revenue of 23.861 billion yuan in 2024, a year-on-year increase of 122.63%; the net profit attributable to shareholders of the listed company is 5.171 billion yuan, a year-on-year increase of 137.90%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is 5.068 billion yuan, a year-on-year increase of 138.64%; basic earnings per share is 4.71 yuan, a year-on-year increase of 135.50%.

Hu Silicon Industry: Plans to purchase minority equity and other assets, stock continues to be suspended for no more than 5 trading days

Hu Silicon Industry announced that the company is planning to purchase minority equity and other assets of Shanghai Xinxing Crystal Semiconductor Technology Co., Ltd., Shanghai Xinxing Crystal Semiconductor Technology Co., Ltd., and Shanghai Xinxing Crystal Semiconductor Technology Co., Ltd. through the issuance of shares and cash payment, and to raise matching funds. The company's stock will be suspended from trading starting February 24, 2025, with the original expected suspension time not exceeding 5 trading days Due to the active promotion of this transaction by relevant parties, the company expects that it will not be able to resume trading on March 3, 2025. Upon application, the company's stock will continue to be suspended from trading starting March 3, 2025, with the expected suspension period not exceeding 5 trading days.

Angel Yeast: Plans to invest 880 million yuan to build a 20,000-ton yeast project

Angel Yeast announced that its subsidiary PTANGELYEASTBUDIINDONESIA plans to invest 880 million yuan to build a 20,000-ton yeast project. The project is planned to have a dry yeast production capacity of 18,800 tons/year and a fresh yeast equivalent capacity of about 2,000 tons/year, along with the construction of a 3,500 tons/day wastewater treatment project and a 20,000-ton/year environmentally friendly organic fertilizer project. The project is expected to have a construction period of 24 months and to be put into production in 2027. The total estimated investment for the project is 880 million yuan, of which 511 million yuan will be financed through loans and other means, and 369 million yuan will be funded by the Indonesian company's own funds.

Shanghai Xiba: Solid-state battery-related business has not yet formed stable long-term income

Shanghai Xiba issued a notice of unusual movement, stating that the company has noticed a high level of market attention on solid-state battery concepts recently. The company's related business has not yet formed stable long-term income, which does not currently impact the company's overall performance. At the same time, due to uncertainties in product iteration and market development, the company's current related investments are relatively small, and the testing, matching results, and application prospects of related sample products also have significant uncertainties.

China Nuclear Power: Plans to invest 1 billion yuan to acquire shares in a fusion company

China Nuclear Power announced that the company plans to invest 1 billion yuan to acquire shares in China Fusion Energy Co., Ltd. through a capital increase. This matter has been approved by the company's first special meeting of independent directors, the second meeting of the fifth board of directors, and the second meeting of the fifth supervisory board, and is subject to approval by the State-owned Assets Supervision and Administration Commission of the State Council and the completion of industrial and commercial change registration procedures. This external investment constitutes a related party transaction but does not meet the conditions for a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not constitute a major asset restructuring. It will be conducted in cash and does not involve the issuance of shares, nor will it lead to a change in the company's control.

Huafeng Co., Ltd.: Generator sets are not core equipment directly related to data centers and computing power

Huafeng Co., Ltd. announced on February 28 that the company has noticed a high level of market attention on the power supply sector for data centers. The company's intelligent generator set products serve as backup power sources and can be used in various application scenarios, including communication base stations, oil fields, banks, and mines, as well as data centers as emergency power sources. Generator sets are not core equipment directly related to data centers and computing power, and there is significant uncertainty regarding the scale and development speed of downstream markets such as computing power, which also introduces considerable uncertainty regarding their impact on the company's business.

Zhejiang Energy Power: Plans to invest approximately 750 million yuan to acquire shares in a fusion company

Zhejiang Energy Power announced that the company plans to invest approximately 750 million yuan to acquire shares in China Fusion Energy Co., Ltd. through a capital increase. This matter has been approved by the seventh meeting of the fifth board of directors and the first meeting of the independent directors' special meeting in 2025, and is subject to approval by the State-owned Assets Supervision and Administration Commission of the State Council and the completion of industrial and commercial change registration procedures This external investment constitutes a related party transaction but will not reach the conditions for a major asset restructuring, does not involve the issuance of shares, and will not lead to a change in the company's control. The purpose of the investment is to proactively layout in the field of nuclear fusion energy and maintain competitiveness.

Tangshan Port: Jiantou Transportation plans to increase its stake in the company by 250 million to 500 million yuan

Tangshan Port announced that its shareholder holding more than 5%, Hebei Jiantou Transportation Investment Co., Ltd., plans to increase its stake in the company through the Shanghai Stock Exchange system via centralized bidding within 12 months from the date of the announcement, with an implementation amount not less than 250 million yuan and not exceeding 500 million yuan. There is no price range set for this increase, and Jiantou Transportation will implement the increase plan at an opportune time based on the company's stock price fluctuations and the overall trend of the capital market. The funds for the increase will come from bank credit funds and Jiantou Transportation's own funds, with bank credit funds not exceeding 90% of the proposed increase amount. As of the announcement date, Jiantou Transportation holds 481 million shares of the company, accounting for 8.11% of the company's total share capital.

Youan Design: Plans to deregister its holding subsidiary Youan Paiwo

Youan Design announced that it will hold the 33rd meeting of the third board of directors on February 28, 2025, to review and approve the proposal to deregister its holding subsidiary, Shanghai Youan Paiwo Architectural Design Engineering Co., Ltd., agreeing to cease operations and deregister, and authorizing the company's management to handle relevant liquidation and deregistration matters in accordance with the law. Youan Paiwo has a registered capital of 1 million yuan, with Youan Design holding 51% and Zang Tao holding 49%. Youan Paiwo's operating income for 2024 is 83,000 yuan, with a net profit of 91,500 yuan.

Xingrong Environment: Net profit of 1.996 billion yuan in 2024, a year-on-year increase of 8.28%

Xingrong Environment announced that in 2024, the company achieved a total operating revenue of 9.049 billion yuan, a year-on-year increase of 11.90%; the net profit attributable to shareholders of the listed company was 1.996 billion yuan, a year-on-year increase of 8.28%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.963 billion yuan, a year-on-year increase of 8.82%; basic earnings per share were 0.67 yuan, a year-on-year increase of 8.06%; and the weighted average return on net assets was 11.50%, a year-on-year decrease of 0.36%.

Jin'an Guoji: Plans to sell 60% equity of Shanghai Jinban for 127 million yuan

Jin'an Guoji announced that the company plans to sell 60% of the equity of its holding subsidiary, Shanghai Jinban Technology Co., Ltd., through public bidding on the Shanghai United Assets and Equity Exchange or similar trading platforms, with the final transferee determined through public bidding. After the completion of this transaction, the company will no longer hold equity in Shanghai Jinban, and Shanghai Jinban will no longer be included in the company's consolidated financial statements. According to the "Asset Valuation Report" issued by the qualified assessment agency Shanghai Jiace Asset Appraisal Co., Ltd., as of the assessment benchmark date of December 31, 2024, the assessed value of 100% equity of Shanghai Jinban is 211 million yuan, and the assessed value of the 60% equity held by the company is 127 million yuan. The company plans to publicly list the initial offering price of 127 million yuan based on the asset valuation price on the Shanghai United Assets and Equity Exchange or similar trading platforms and will adjust the listing price according to the rules of the equity exchange The final transaction price and the results of the bidding by the trading counterpart after public listing shall prevail.

Longjian Co., Ltd.: Net profit of 412 million yuan in 2024, a year-on-year increase of 23.45%

Longjian Co., Ltd. announced that it achieved an operating income of 18.29 billion yuan in 2024, a year-on-year increase of 4.95%; the net profit attributable to shareholders of the listed company was 412 million yuan, a year-on-year increase of 23.45%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 401 million yuan, a year-on-year increase of 21.96%; basic earnings per share were 0.41 yuan, a year-on-year increase of 24.24%; the weighted average return on net assets was 13.14%, an increase of 1.17 percentage points. At the end of the reporting period, the company's total assets were 37.682 billion yuan, an increase of 3.18% compared to the beginning of the reporting period; the equity attributable to shareholders of the listed company was 3.693 billion yuan, an increase of 34.95% compared to the beginning of the reporting period.

Absen: Net profit attributable to the parent company of 117 million yuan in 2024, a year-on-year decrease of 62.86%

According to Absen's announcement, the total operating income in 2024 was 3.666 billion yuan, a year-on-year decrease of 8.5%; the net profit attributable to the parent company was 117 million yuan, a year-on-year decrease of 62.86%; basic earnings per share were 0.32 yuan. During the reporting period, the company's overseas market showed good growth, achieving operating income of 2.928 billion yuan, a year-on-year increase of 13.68%; the Chinese market was affected by the economic environment and competitive situation, leading the company to shift from focusing on scale expansion to selecting valuable customers for deep cultivation, achieving operating income of approximately 738 million yuan, a year-on-year decrease of 48.44%.

NuoTai Bio: Subsidiary passes on-site inspection by the U.S. FDA

NuoTai Bio announced that its holding subsidiary NuoTai Nuohe Biomedical Technology Co., Ltd. underwent a cGMP on-site inspection by the U.S. Food and Drug Administration from October 28, 2024, to November 1, 2024, and passed successfully. NuoTai Nuohe focuses on the oligonucleotide business, and this FDA inspection pass marks NuoTai Bio as an industry-leading enterprise that has simultaneously passed FDA inspections in the fields of small molecules, peptides, and oligonucleotides.

China Resources Microelectronics: The company's medium and low voltage MOS, high voltage MOS, and SiC products are in the ramp-up stage for application in AI server power supplies

China Resources Microelectronics announced in its investor relations activity record that its medium and low voltage MOS, high voltage MOS, and SiC products are currently in the ramp-up stage for application in AI server power supplies. SiC JBS and SiC MOS have completed product series and mass production, covering 650V/1200V/1700V series, with performance reaching internationally leading levels; silicon carbide module products are already in the ramp-up stage. The products are being comprehensively promoted in fields such as new energy vehicles, charging piles, photovoltaic inverters, energy storage inverters, and server power supplies, with expectations for high growth this year.

Shanghai Sanmao: State-owned equity of the controlling shareholder Light Textile Group transferred without compensation

Shanghai Sanmao announced in the evening that Yufu Holdings intends to transfer 80% of its equity in the company's controlling shareholder, Light Textile Group, to its indirect controlling shareholder, Electromechanical Group, without compensation. At the same time, the Chongqing State-owned Assets Supervision and Administration Commission plans to transfer 20% of its equity in Light Textile Group to Electromechanical Group without compensation. After the equity transfer is completed, the "Custody Agreement" signed by the Chongqing State-owned Assets Supervision and Administration Commission, Yufu Holdings, Electromechanical Group, and Light Textile Group will be terminated. After this change is completed, Electromechanical Group will change from being a trustee managing Light Textile Group to directly holding 100% of the equity in Light Textile Group, which does not involve any changes in the voting rights of Shanghai Sanmao and will not lead to changes in the controlling shareholder and actual controller of Shanghai Sanmao. The controlling shareholder of Shanghai Sanmao remains Light Textile Group, and the actual controller remains the Chongqing State-owned Assets Supervision and Administration Commission.

Qiaoyin Co., Ltd.: Won the bid for the urban sanitation integration service project in the New District, with a bid amount of 89.7502 million yuan/year

Qiaoyin Co., Ltd. announced that it recently received the "Bid Notification" for the urban sanitation integration service project in the New District, with a bid amount of 89.7502 million yuan/year. The service period for this project is 12 months, and the content includes cleaning and sanitation within the jurisdiction of the New District, management of garbage transfer stations, collection and transportation of household waste, establishment of a smart sanitation platform, as well as sanitation work for major events and inspections. This project belongs to the company's main business and will have a positive impact on the company's future operating performance.

Laisentongling: The shareholding ratio of Continental Star Diamond has changed to 1%

Laisentongling announced that Continental Star Diamond has reduced its shareholding in the company from 7.16% to 7% due to the implementation of a share reduction plan. During this period, it reduced its shareholding by 694,300 shares through centralized bidding, while the company's total share capital decreased from 345 million shares to 343 million shares.

Hainan Mining: 20,000 tons of battery-grade lithium hydroxide project metallurgical section trial run successful

Hainan Mining announced that the metallurgical section of its 20,000-ton battery-grade lithium hydroxide project has successfully completed the trial run. The project has completed all civil engineering construction, installation of equipment in the metallurgical and wet sections, and installation of the main structure of all plant buildings. The company expects to officially put the project into production and roll out qualified products by April 2025.

Chifeng Gold: Plans to issue 205 million shares in Hong Kong, priced between 13.72-15.83 HKD

Chifeng Gold announced on the Hong Kong Stock Exchange that it plans to issue 205.6 million H shares (depending on the exercise of the over-allotment option and the adjustment of the offering amount) for its listing in Hong Kong, with the offering price not exceeding 15.83 HKD per share and expected to be no less than 13.72 HKD per share. The company expects its stock to begin trading on the Hong Kong Stock Exchange on March 10, with the code 6693