On March 31, the popular robotics concept stock XUELONG, which has seen twelve consecutive days of gains, issued an announcement regarding unusual market activity, warning of the risk of overheated market sentiment. The low-priced stock MEICHEN SCI & TECH. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws. AVIC I.F, a central enterprise backed by a military giant with a market value of 30 billion, plans to proactively terminate its stock listing through a shareholder meeting resolution.

Here are the highlights from the after-hours announcements:

XUELONG: Significant abnormal fluctuations in stock trading with no major undisclosed information

XUELONG announced that its stock has risen a cumulative 98.56% since March 18, far exceeding the industry average during the same period, indicating a risk of overheated market sentiment. The company's price-to-earnings ratio is significantly higher than the industry average, with large turnover and volatility. The company's production and operations are normal, with no major undisclosed matters such as asset restructuring. The company has no business cooperation with Yushu Technology. The actual controllers collectively hold 70.80% of the company's shares, with a small external circulation.

MEICHEN SCI & TECH.: Under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws

MEICHEN SCI & TECH. announced that on March 31, 2025, it received a "Notice of Investigation" from the China Securities Regulatory Commission due to suspected violations of information disclosure laws. The Commission has decided to investigate the company. If subsequent administrative penalties by the Commission confirm facts that trigger other risk warnings or major illegal mandatory delisting situations as stipulated in the "Shenzhen Stock Exchange GEM Listing Rules," the company's stock will be subject to other risk warnings or major illegal mandatory delisting. During the investigation period, the company will actively cooperate with the Commission's investigation and strictly fulfill its information disclosure obligations according to regulatory requirements.

AVIC I.F: The shareholder meeting for the termination of listing will have a share registration date of April 2, 2025

AVIC I.F announced that if the proposal to proactively terminate the company's stock listing is approved at the second extraordinary general meeting of shareholders on April 14, 2025, all A-share shareholders registered on the cash option share registration date (excluding shares with restrictions or rights limitations) will have cash option rights, except for China Aviation Industry Corporation and its subsidiaries. If the proposal is not approved at the shareholder meeting, all shareholders will not be able to obtain cash option rights. The company's stock will be suspended from trading starting April 3, 2025, with the cash option share registration date tentatively set for April 22, 2025.

Chengdi Xiangjiang: Consortium wins bid for China Mobile Anhui Company's Wuhu Data Center Electromechanical Engineering EPC0 Project framework procurement project

Chengdi Xiangjiang announced that its wholly-owned subsidiary, Xiangjiang System Engineering Co., Ltd., formed a consortium with China Mobile Communications Group Design Institute Co., Ltd. and Huawei Technology Services Co., Ltd. to win the bid for the "China Mobile Anhui Company 2025-2028 Wuhu Data Center Electromechanical Engineering EPC0 Project Framework Procurement Project - Package 1," with a bid price of 2.433 billion yuan and a construction period of 138 days. This matter is part of the company's daily operations, and the related revenue is expected to have a positive impact on the company in the current and future years. However, it should be noted that the project is still in the bidding announcement period, and there is uncertainty regarding whether the bid notification will be obtained

Hualin Securities: Received Administrative Regulatory Measures Decision from the China Securities Regulatory Commission

Hualin Securities announced that the company received the "Decision on Regulatory Talks Measures for Hualin Securities Co., Ltd., Zhu Wenjin, and Ge Qiming" issued by the China Securities Regulatory Commission, due to insufficient due diligence on individual projects; inadequate quality control and internal review; and non-standard project initiation procedures, violating relevant regulations. Zhu Wenjin and Ge Qiming are responsible for the aforementioned issues. According to Article 64 of the "Sponsorship Measures," the China Securities Regulatory Commission decided to take administrative regulatory measures of regulatory talks against Hualin Securities, Zhu Wenjin, and Ge Qiming. The company will deeply learn from the lessons, thoroughly identify problems, and rectify them to ensure standardized business operations.

ST Muyu: 2024 Net Profit of 15.2458 Million Yuan, Turning Losses into Profits Year-on-Year

ST Muyu announced that the operating income for 2024 is 217 million yuan, a year-on-year increase of 78.44%. The net profit attributable to shareholders of the listed company is 15.2458 million yuan, compared to a net loss of 38.2751 million yuan in the same period last year. The company plans not to distribute profits for the 2024 profit distribution plan, nor to increase capital stock from capital reserves or other forms of distribution.

Youxunda: 2024 Net Profit of 198 Million Yuan, Year-on-Year Increase of 3.43%

Youxunda announced that the operating income for 2024 is 1.01 billion yuan, a year-on-year decrease of 7.95%; the net profit attributable to shareholders of the listed company is 198 million yuan, a year-on-year increase of 3.43%. The basic earnings per share is 0.99 yuan/share, a year-on-year increase of 3.13%. Based on a base of 200 million, a cash dividend of 3 yuan (including tax) will be distributed for every 10 shares to all shareholders, with no bonus shares (including tax), and no increase in shares from capital reserves for every 10 shares.

Glodon: Plans to Repurchase Shares for 105 Million to 210 Million Yuan

Glodon announced that the company plans to repurchase shares at a price not exceeding 21 yuan/share, with the number of shares to be repurchased not less than 5 million and not exceeding 10 million shares. The total amount of funds expected for the repurchase is 105 million to 210 million yuan, with funding sourced from its own funds or self-raised funds. The repurchased shares will be used for equity incentives or employee stock ownership plans, with an implementation period of no more than 12 months from the date of approval by the board of directors.

Chipsource Micro: Northern Huachuang Acquires 8.41% of the Company's Shares

Chipsource Micro announced that its shareholder, Zhongke Tiansheng, holding more than 5% of the shares, has agreed to transfer 16.8997 million shares of the company through public solicitation, accounting for 8.41% of the company's total share capital. Zhongke Tiansheng has confirmed Northern Huachuang as the transferee and signed the "Share Transfer Agreement." The transaction price is 85.71 yuan/share, with a total price of 1.448 billion yuan. After the completion of this transfer, Zhongke Tiansheng will no longer hold shares in the company. Northern Huachuang will hold 8.41% of the company's shares, becoming the fourth largest shareholder.

Dingsheng Technology: 2024 Net Profit of 472 Million Yuan, Year-on-Year Decrease of 75.48%

DASUNG Technology announced that the operating revenue for 2024 is expected to be 7.593 billion yuan, a year-on-year decrease of 49.80%. The net profit attributable to shareholders of the listed company is 472 million yuan, a year-on-year decrease of 75.48%. A cash dividend of 2 yuan (including tax) will be distributed for every 10 shares to all shareholders, totaling 101 million yuan in cash dividends. The company will not increase its share capital from capital reserves for the year 2024.

Shanke Intelligent: Shareholder Liu Tao plans to transfer 5.0244 million shares

Shanke Intelligent announced that Mr. Liu Tao, a shareholder holding more than 5% of the shares, intends to transfer 5.0244 million unrestricted tradable shares (accounting for 5.0000% of the company's total share capital, and 5.0581% after excluding shares in the company's repurchase account) to Jiaxing Linchang Equity Investment Partnership (Limited Partnership) through a negotiated transfer. The transfer price for this share agreement is 21.2 yuan per share, with a total transfer price (including tax) of 107 million yuan.

SMIC: Xinxin Hong Kong reduced its holdings by 11.3 million shares on March 28

SMIC announced that its shareholder Xinxin Investment Co., Ltd. reduced its holdings of 11.3 million shares of the company's Hong Kong stock through a block trading method on March 28, 2025, with a reduction ratio of 0.14%. After the reduction, Xinxin Hong Kong holds 551 million shares of SMIC, accounting for 6.91% of the company's total share capital. This change in equity does not trigger a mandatory tender offer, does not involve the disclosure of an equity change report, and does not alter the company's status of having no controlling shareholder or actual controller.

Changliang Technology: Controlling shareholder Wang Changchun plans to reduce holdings by 7 million shares

Changliang Technology announced that controlling shareholder Wang Changchun plans to reduce his holdings of the company's shares by 7 million shares from April 23, 2025, to July 22, 2025, through centralized bidding or block trading, accounting for 0.86% of the company's total share capital. Shareholder Zheng Kang plans to reduce holdings by 2 million shares, accounting for 0.25% of the company's total share capital; shareholder Li Jinsong plans to reduce holdings by 1.1 million shares, accounting for 0.14%; shareholder Xu Yali plans to reduce holdings by 360,000 shares, accounting for 0.04%; and shareholder Gong Xinghua plans to reduce holdings by 1.23 million shares, accounting for 0.15%. The reason for the reduction is personal funding needs of the shareholders.

Zhou Dasheng: Canceling 10.4524 million repurchased shares

Zhou Dasheng announced that the company held the fifth meeting of the fifth board of directors and the fifth meeting of the fifth supervisory board on March 28, 2025, and approved the proposal on the cancellation of repurchased shares and reduction of registered capital. The company decided to cancel all 10.4524 million repurchased shares held in the special repurchase securities account and correspondingly reduce the company's registered capital.

Ashi Chuang: Reached a settlement in the contract dispute with Guangdong Tengsheng

Ashi Chuang announced that the company has reached a settlement in the contract dispute with Guangdong Tengsheng, with Guangdong Tengsheng agreeing to pay the company 7.83 million yuan, and the company agreeing that Guangdong Tengsheng will pay the aforementioned amount in installments before December 31, 2025 The company has received the first repayment of 1 million yuan from Guangdong Tengsheng on March 31, 2025.

*ST Furun: The company's stock may be delisted

*ST Furun announced that the closing price of its stock on March 31, 2025, was 0.59 yuan, which has been below 1 yuan for 13 consecutive trading days. Even if the stock hits the daily limit for the next 7 trading days, it will still face mandatory delisting due to the closing price being below 1 yuan for 20 consecutive trading days. The total market value of the company's stock on March 31, 2025, was approximately 299 million yuan, which has been below 500 million yuan for 13 consecutive trading days. Even if the stock hits the daily limit for the next 7 trading days, it will still face mandatory delisting due to the total market value being below 500 million yuan for 20 consecutive trading days. Additionally, the company expects its operating revenue for 2024 to be approximately 306 million yuan, with operating revenue of about 287 million yuan after deducting revenue unrelated to its main business and revenue lacking commercial substance, which is below 300 million yuan. The company may face financial delisting risks, and its stock will be delisted after the disclosure of the 2024 annual report.

Decai Co., Ltd.: Dikong Chanquan plans to reduce its holdings by no more than 3% of the company's shares

Decai Co., Ltd. announced that its shareholder Qingdao Dikong Chanquan Development Co., Ltd. plans to reduce its holdings by no more than 4.2 million shares, accounting for 3% of the company's total share capital, within 3 months after the announcement date through centralized bidding or block trading. Dikong Chanquan currently holds 3.75% of the shares. The reason for the reduction is funding needs, and the reduction price will be determined at market price.

Heshun Petroleum: The company's production and operation activities are currently normal, and there have been no significant changes in daily operations

Heshun Petroleum issued a notice of unusual fluctuations, and after verification by the company, its production and operation activities are currently normal, and there have been no significant changes in daily operations. The market environment or industry policies have not undergone significant adjustments, production costs and sales have not experienced substantial fluctuations, and internal production and operational order is normal. The company, its controlling shareholder, and actual controller do not have any significant information that should be disclosed but has not been disclosed, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping, asset injection, share repurchase, equity incentives, bankruptcy reorganization, major business cooperation, and introduction of strategic investors.

AVIC Shenyang Aircraft: 2024 net profit of 3.394 billion yuan, a year-on-year increase of 12.86%, plans to distribute 2.6 yuan for every 10 shares

AVIC Shenyang Aircraft announced that the net profit for 2024 is 3.394 billion yuan, a year-on-year increase of 12.86%. The company plans to distribute a cash dividend of 2.6 yuan (tax included) for every 10 shares to all shareholders. Based on the total share capital of 2.7556 billion shares as of December 31, 2024, the planned cash dividend distribution is 716 million yuan (tax included), plus the cash dividend of 386 million yuan (tax included) distributed in the first three quarters, totaling 1.102 billion yuan (tax included) for the year, accounting for 32.48% of the net profit attributable to shareholders of the listed company for the year

Taihe Water: Major Matters Planned by Controlling Shareholder, Stock Continues to be Suspended

Taihe Water announced that the company's controlling shareholder and actual controller, Mr. He Wenhui, is planning to transfer part or all of the shares he holds in the company through an agreement, which may lead to a change in the company's control. Due to the uncertainty of this matter, the company's stock will continue to be suspended from trading on April 1, 2025. The company has been suspended since March 31, 2025, and it is expected that trading will not resume on April 1, 2025. During the suspension period, the company will fulfill its information disclosure obligations based on the progress of the matter and will timely announce the application for resumption of trading after the matter is determined. The company reminds investors to pay attention to subsequent announcements and be aware of investment risks.

2 Consecutive Limit-Up for Western Gold: Company Currently Operating Normally

Western Gold issued an announcement regarding unusual trading, stating that after the company's self-inspection, all production and operational conditions are currently normal, with good internal production and operational order. There have been no significant changes in daily operations, production costs, and sales, and there have been no substantial fluctuations. The market environment and industry policies have not undergone significant adjustments, and there is no major information that should have been disclosed but has not been disclosed.

Xingfa Group: 2024 Net Profit of 1.601 Billion Yuan, a Year-on-Year Increase of 14.33%, Plans to Distribute 10 Yuan per 10 Shares

Xingfa Group announced that the net profit for 2024 is 1.601 billion yuan, a year-on-year increase of 14.33%. A cash dividend of 10 yuan (including tax) will be distributed for every 10 shares. Based on the company's total share capital of 1.103 billion shares as of March 29, 2025, the expected cash dividend distribution is 1.103 billion yuan (including tax), accounting for 68.89% of the net profit attributable to shareholders of the listed company for the year. If there are changes in the total share capital before the implementation of the equity distribution registration date, the company intends to maintain the per-share distribution ratio unchanged and adjust the total distribution amount accordingly.

*ST Jiayu: Company Stock Will be Delisted, Suspension Starts Tomorrow

*ST Jiayu announced that as of March 31, 2025, the closing price of the company's stock has been below 1 yuan for twenty consecutive trading days, which has triggered the delisting conditions stipulated in Article 10.2.1 of the Shenzhen Stock Exchange's listing rules for the Growth Enterprise Market. The company's stock may be delisted from trading on the Shenzhen Stock Exchange and will be suspended from trading starting April 1, 2025. Due to triggering the mandatory delisting conditions, the company's stock will not enter the delisting arrangement period.

Kingsoft Office: Inquiry Transfer Price Set at 267.5 Yuan per Share

Kingsoft Office announced that based on the inquiry subscription situation on March 31, 2025, the preliminary inquiry transfer price has been set at 267.50 yuan per share. A total of 19 institutional investors participated in the bidding, including fund management companies, insurance companies, securities companies, qualified foreign institutional investors, and private fund managers. The preliminary determination is that there will be 16 transferees, with a total of 7.76 million shares to be transferred. This inquiry transfer does not involve a change in the company's control and will not affect the company's governance structure and ongoing operations

Semir Apparel: Net profit of 1.137 billion yuan in 2024, a year-on-year increase of 1.42%, plans to distribute 3.5 yuan for every 10 shares

Semir Apparel announced that the operating income for 2024 is 14.626 billion yuan, a year-on-year increase of 7.06%; the net profit attributable to shareholders of the listed company is 1.137 billion yuan, a year-on-year increase of 1.42%; the basic earnings per share is 0.42 yuan/share, unchanged from the previous year. The company plans to distribute a cash dividend of 3.5 yuan (including tax) for every 10 shares to all shareholders, with no bonus shares and no capital reserve conversion to increase share capital.

*ST Dongfang: Stock price has been below 1 yuan for 11 consecutive days, stock may be delisted by the Shanghai Stock Exchange

*ST Dongfang announced that the closing price of the company's stock on March 31, 2025, was 0.55 yuan/share, having been below 1 yuan for 11 consecutive trading days. Even if the stock hits the daily limit for the next 9 trading days, it will still face mandatory delisting due to the closing price being below 1 yuan for 20 consecutive trading days. According to Article 9.2.1 of the Stock Listing Rules, if a company listed on the Shanghai Stock Exchange that only issues A-shares has a daily closing price below 1 yuan for 20 consecutive trading days, the company's stock may be delisted by the Shanghai Stock Exchange. According to Article 9.6.1 of the Stock Listing Rules, stocks of companies subject to mandatory delisting will not enter a delisting arrangement trading period. The last trading day for the company's stock will be April 14, 2025.

Fuchuang Precision: Plans to invest 600 million yuan to hold 27.65% equity in Shenyang Zhengxin

Fuchuang Precision announced that the company plans to invest 600 million yuan in a special purpose company and hold 27.65% equity in that company. The special purpose company plans to acquire controlling interest in Zhejiang Poxin, with 100% equity priced at 3.8 billion yuan, and the special purpose company will pay 2.448 billion yuan to acquire 64.42% equity. In addition, Haining Industrial Investment Group Co., Ltd. and Bank of China Investment Zhejiang Merchants Industry Fund Management (Zhejiang) Co., Ltd. plan to publicly transfer their combined 16.39% equity in Zhejiang Poxin, and the special purpose company will actively participate in the bidding. If successful, the special purpose company will acquire a total of 80.81% equity in Zhejiang Poxin for approximately 3.071 billion yuan.

Hesheng New Materials: Expected net profit in Q1 2025 to increase by 72.14% to 90.07% year-on-year

Hesheng New Materials announced that from January 1, 2025, to March 31, 2025, the net profit attributable to shareholders of the listed company is expected to be between 48 million yuan and 53 million yuan, an increase of 72.14% to 90.07% compared to the same period last year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be between 48 million yuan and 53 million yuan, an increase of 69.65% to 87.32% compared to the same period last year; the basic earnings per share is expected to be between 0.19 yuan/share and 0.21 yuan/share

WanYe Enterprise: Plans to Sell 21.8539% Equity in Zhejiang Panxin for 830 Million Yuan

WanYe Enterprise announced that the company plans to transfer its 21.8539% equity in Zhejiang Panxin to Wuxi Zhengxin for a transfer price of 830 million yuan. This transaction does not constitute a related party transaction or a major asset restructuring, and has been approved by the company's 12th Board of Directors at a temporary meeting, without the need for submission to the shareholders' meeting for approval. The transaction still requires both parties to complete the equity delivery, which carries uncertainty.

PianZaiHuang: PianZaiHuang Investment Plans to Invest 200 Million Yuan in ZhaoYing Fund

PianZaiHuang announced that its wholly-owned subsidiary, PianZaiHuang Investment, plans to act as a limited partner to contribute 200 million yuan in self-owned or self-raised funds, accounting for 20% of the target fundraising scale of ZhaoYing Fund. The fund primarily invests in fields such as biomedicine, traditional Chinese medicine, medical devices, consumer healthcare, and medical services. This external investment constitutes a related party transaction with affiliated asset management and travel investment groups, but does not constitute a major asset restructuring.

PuMen Technology: Holding Subsidiary Obtains Medical Device Registration Certificate

PuMen Technology announced that its holding subsidiary, Chongqing PuMen Chuang Biotechnology Co., Ltd., recently received the "Medical Device Registration Certificate of the People's Republic of China" issued by the Chongqing Drug Administration. The specific product is the "Air Wave Pressure Circulation Therapy System," classified as Class II, with registration certificate number YuXieZhuZhun 20252090123, valid until March 20, 2030. This product is suitable for assisting treatment of limb dysfunction caused by cerebrovascular accidents, brain injuries, post-brain surgery, spinal cord lesions, and diabetic lower limb arterial occlusion, as well as for preventing venous thrombosis and reducing limb edema. The acquisition of the medical device registration certificate further enriches and improves the company's clinical medical product line, helping to enhance the company's market competitiveness in the treatment and rehabilitation field, which will have a positive impact on the company's future operations.

ZhongJin Gold: Inner Mongolia Mining's Unugetushan Copper-Molybdenum Mine Tailings Dam Heightening and Expansion Project Approved

ZhongJin Gold announced that its holding subsidiary, Inner Mongolia Mining, currently has first and second phase tailings dams, and to avoid production interruptions, it is necessary to heighten and expand the tailings dam. The total investment for the project is 2,948.72 million yuan, of which fixed asset investment is 1,672.12 million yuan. This investment matter is within the decision-making authority of the company's board of directors and does not require submission to the shareholders' meeting for approval. The project construction period is 5 months, with a service period of 3.5 years. The main risk comes from government approvals, but it is understood that Inner Mongolia Mining has communicated multiple times with relevant government departments, and the project is basically recognized, with environmental protection and safety approval risks being controllable.

HeLin WeiNa: Expects Net Profit of Approximately 27 Million Yuan in Q1 2025

HeLin WeiNa announced that it expects to achieve operating revenue of approximately 205 million yuan in the first quarter of 2025, an increase of about 112% year-on-year. It is expected that the net profit attributable to the parent company's owners will be approximately 27 million yuan in the first quarter of 2025, achieving a turnaround from loss to profit. The net profit attributable to the parent company's owners, excluding non-recurring gains and losses, is expected to be approximately 25 million yuan, also achieving a turnaround from loss to profit

Satellite Chemical: Expected Net Profit Growth of 41.79%-61.35% Year-on-Year in Q1 2025

Satellite Chemical announced that from January 1, 2025, to March 31, 2025, the net profit attributable to shareholders of the listed company is expected to be between 1.45 billion yuan and 1.65 billion yuan, representing a year-on-year growth of 41.79% to 61.35%. The net profit after deducting non-recurring gains and losses is expected to be between 1.512 billion yuan and 1.712 billion yuan, with a year-on-year growth of 42.23% to 61.05%. The basic earnings per share are expected to be between 0.43 yuan/share and 0.49 yuan/share.

Chengdu XianDao: Plans to Acquire Approximately 65% Equity of Nanjing Haina Pharmaceutical Technology Co., Ltd.

Chengdu XianDao announced that the company is planning to acquire approximately 65% equity of Nanjing Haina Pharmaceutical Technology Co., Ltd. through cash transactions. After the completion of this transaction, Chengdu XianDao will become the controlling shareholder of the target company. The transaction is still in the planning stage, and specific plans, equity ratios, transaction prices, etc., have not yet been determined. The company will expedite related work and fulfill information disclosure obligations in a timely manner, with plans to disclose the transaction proposal or formal plan within 6 months.

Jiangshan Co., Ltd.: Plans to Invest 92.7777 Million Yuan to Build a Digital Center Project

Jiangshan Co., Ltd. announced that the company plans to invest 92.7777 million yuan to build a "Digital Center Project" in the East Plant area. The project construction period is 1 year, and the funding source is the company's self-raised funds. The project aims to enhance the company's safety management level, digitalization level, and meet the needs for office and related supporting functions. However, the project faces approval risks and construction risks, including potential acceptance failures and construction delays during subsequent project construction. The company will actively respond to these risks to ensure the project proceeds on schedule.

RunJian Co., Ltd.: Plans to Conduct Asset Pool Business Not Exceeding 5 Billion Yuan for Funding Needs of Company’s Computing Power Network and Other Business Developments

RunJian Co., Ltd. announced that the company and its controlling subsidiaries plan to conduct an asset pool business with commercial banks with a total limit not exceeding 5 billion yuan, which can be recycled and used during the business term. This matter still needs to be submitted to the company's shareholders' meeting for approval. The asset pool business aims to meet the funding needs for the company's computing power network and other business developments, improve asset utilization efficiency, and reduce funding costs.

Huangshi Group: Company Received Notice of Case Filing

Huangshi Group announced that on March 28, 2025, the company received a notice of case filing issued by the China Securities Regulatory Commission (CSRC) due to the company's suspected violations of information disclosure laws and regulations. The CSRC decided to file a case against the company. After self-examination of recent operating conditions, the company stated that on November 11, 2019, its subsidiary Huangshi Shuzhi Co., Ltd. signed the "Partnership Agreement of Tai'an Dongyue Shuzhi Equity Investment Fund Partnership (Limited Partnership)" and the "Supplementary Agreement" with Tai'an Dongyue Wealth Equity Investment Fund Co., Ltd. The company disclosed the "Partnership Agreement" on November 12, 2019, but did not disclose the "Supplementary Agreement" until receiving relevant litigation materials in November 2023, at which point the main content of the "Supplementary Agreement" was disclosed The company is currently operating normally, and the above matters will not have a significant impact on the company's production and operations.

Dongfang Electric: Expected net profit growth of 15%-25% in Q1 2025

Dongfang Electric announced that the company expects to achieve total operating revenue of RMB 15.8 billion to RMB 16.6 billion in Q1 2025, an increase of 5%-10% compared to the same period last year; it is expected that the total profit in Q1 2025 will be RMB 1.37 billion to RMB 1.48 billion, an increase of 20%-30% compared to the same period last year; and the net profit is expected to be RMB 1.13 billion to RMB 1.23 billion, an increase of 15%-25% compared to the same period last year.

Chifeng Gold: Holding subsidiary obtains mining license

Chifeng Gold announced that on March 31, 2025, its holding subsidiary Eryuan Jintai Mining Development Co., Ltd. obtained a mining license issued by the Yunnan Provincial Department of Natural Resources. The mining rights holder is Eryuan Jintai Mining Development Co., Ltd., and the mine name is Xidengping Gold Mine, with an economic type of limited liability company. The validity period is ten years, from March 7, 2025, to March 6, 2035. The mined minerals are gold and silver, with an open-pit mining method and a production scale of 600,000 tons/year. The mining area is 1.14 square kilometers, with a mining depth ranging from 2,200 meters to 2,000 meters elevation, defined by 26 turning points. The acquisition of this mining license is beneficial for further enhancing the company's gold resource assurance capability and mining scale.

Haitai Xinguang: Has repurchased 160,000 shares with a total fund of RMB 5.9766 million

Haitai Xinguang announced that on March 3, 2025, the board of directors approved a share repurchase plan, intending to repurchase shares with funds ranging from RMB 50 million to RMB 100 million through centralized bidding, for employee stock ownership plans or equity incentives. As of March 31, 2025, the company has repurchased a total of 160,000 shares, accounting for 0.1327% of the company's total share capital, with a repurchase price range of RMB 36.88/share to RMB 37.9/share, and a total fund used of RMB 5.9766 million (excluding transaction fees).

Guangzhou Port: Expected container throughput growth of 5.7% in March 2025

Guangzhou Port announced that it expects to complete a container throughput of 2.261 million TEUs in March 2025, a year-on-year increase of 5.7%; it is expected to complete a cargo throughput of 49.363 million tons, a year-on-year increase of 0.2%. From January to March, it is expected to complete a container throughput of 6.24 million TEUs, a year-on-year increase of 7.5%; and a cargo throughput of 135.35 million tons, a year-on-year increase of 2.4%.

*ST Navigation: Has repurchased 436,900 shares with a total fund of RMB 9.9732 million

*ST Navigation announced that as of March 31, 2025, the company repurchased 436,900 shares through the Shanghai Stock Exchange trading system via centralized bidding, accounting for 0.50% of the company's total share capital, with the highest repurchase price being RMB 25.96/share and the lowest price being RMB 21.65/share The total amount of funds paid is RMB 9.9732 million (excluding transaction costs such as stamp duty and trading commissions).

Huasheng Lithium: Plans to repurchase company shares with funds of RMB 50 million to 100 million

Huasheng Lithium announced in the evening that the company plans to repurchase shares with funds of RMB 50 million to 100 million, with a repurchase price not exceeding RMB 32 per share. The funds for this repurchase will come from the company's own funds and a special stock repurchase loan provided by the Agricultural Bank of China Zhangjiagang Branch. The company has obtained a "Loan Commitment Letter" issued by the Agricultural Bank of China Zhangjiagang Branch, and the specific loan matters will be subject to the loan contract signed by both parties. The repurchased shares will be used for the employee stock ownership plan or equity incentive plan.

Zhongtung High-tech: Issuing shares to specific targets to raise RMB 1.8 billion

Zhongtung High-tech announced that, according to the approval of the China Securities Regulatory Commission, the company will issue 189 million shares of RMB ordinary A-shares to 17 specific targets, with an issue price of RMB 9.5 per share, raising a total of RMB 1.8 billion. After deducting issuance costs (excluding tax) of RMB 19.6981 million, the net amount raised will be RMB 1.78 billion.

Lingyun Optoelectronics: Plans to cancel 2.5233 million shares, total share capital will be reduced to 461 million shares

Lingyun Optoelectronics announced that the company plans to cancel part of the shares in the repurchase special securities account, totaling 2.5233 million shares, accounting for 0.5444% of the total shares before cancellation. After the cancellation is completed, the company's total share capital will be reduced from 463 million shares to 461 million shares, and the registered capital will be reduced from RMB 463 million to RMB 461 million. This cancellation complies with relevant laws, regulations, and normative documents, is beneficial for enhancing the earnings per share level, improving the investment returns for the company's shareholders, and will not have a significant impact on the company's financial status, operating results, and future development