--- title: "Announcement on the evening of November 7 | Western Securities plans to acquire over 60% equity in Guorong Securities; SMIC's net profit in the third quarter increased by over 50% year-on-year" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/219072430.md" description: "Western Securities plans to acquire over 60% equity of Guorong Securities, with a total transaction price of approximately 3.825 billion yuan. SMIC's net profit in the third quarter increased by 56.4% year-on-year, with revenue growth of 32.5%. Hua Hong Semiconductor's net profit attributable to the parent company in the third quarter was 44.8 million USD, a year-on-year increase of 222.6%. PDH's signed area and amount in October increased by 23.98% and 27.85%, respectively" datetime: "2024-11-07T13:42:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/219072430.md) - [en](https://longbridge.com/en/news/219072430.md) - [zh-HK](https://longbridge.com/zh-HK/news/219072430.md) --- > 支持的语言: [English](https://longbridge.com/en/news/219072430.md) | [繁體中文](https://longbridge.com/zh-HK/news/219072430.md) # Announcement on the evening of November 7 | Western Securities plans to acquire over 60% equity in Guorong Securities; SMIC's net profit in the third quarter increased by over 50% year-on-year ## I. Performance Changes 1. **SMIC: Net profit in the third quarter was 1.06 billion yuan, a year-on-year increase of 56.4%; revenue was 15.609 billion yuan, a year-on-year increase of 32.5%.** 2. PDH: The contracted area in October increased by 23.98% year-on-year, and the contracted amount increased by 27.85%. 3. Shengnong Development: Sales revenue in October was 1.583 billion yuan, a year-on-year increase of 7.51%. 4. Foton Motor: Overall sales in October were 56,053 vehicles, with new energy vehicle sales at 6,572 vehicles. **In the Hong Kong stock market** **1\. Hua Hong Semiconductor: Net profit attributable to shareholders in the third quarter was 44.8 million USD, a year-on-year increase of 222.6%.** 1. GAC Group: Automobile sales in October were 185,800 units, a year-on-year decrease of 17.23%. ## II. Mergers, Acquisitions, and Private Placements 1. Ruipu Biological: Plans to acquire 15% equity of Zhongrui Huapu for 131 million yuan. 2. Huadong Heavy Industry: The acquisition of Ruixin Tuxin equity has completed the first phase of capital increase and equity transfer payment. 3. Western Securities: **Plans to acquire 59.61% of Guorong Securities, with a total price of approximately 3.825 billion yuan.** 4. Hongxin Electronics: Plans to raise no more than 600 million yuan through a private placement, with an issue price of 14.20 yuan per share. 5. Donghu Gaoxin: Plans to acquire the controlling stake of Hubei Progre Technology in cash, with a transaction amount not exceeding 700 million yuan. **In the Hong Kong stock market** Zijin Mining: Plans to acquire 100% equity of the La Arena gold mine and Phase II project under Pan American Silver in Peru. ## III. External Investments and Daily Operations 1. Pingzhi Information: Pre-bid for a 230 million yuan Binjiang computing power resource service project. 2. Anhui Construction: Jointly won a 9.525 billion yuan highway project. 3. Jianghe Group: Subsidiary won a curtain wall engineering project worth approximately 318 million yuan. 4. Jiming Health: Plans to establish an industrial fund, mainly investing in new quality productivity directions. 5. Founder Motor: Became the supplier of drive motor rotor assembly components for two projects of Leapmotor. 6. Guoxin Technology: Quantum security chips and quantum password card new products successfully passed internal testing. 7. Qianjiang Water Conservancy: Plans to acquire a sewage treatment plant concession project for 247 million yuan. 8. Zhengbang Technology: Sales revenue from live pigs in October was 3.8 billion yuan, a year-on-year increase of 155.08%. 9. Desheng Technology: Awarded the world's first ISO 55013 data asset management system certification by SGS. 10. Bainian Qiancheng: Signed a 400 million yuan film and television series cooperation contract with Tencent Penguin Pictures. 11. Power Source: Listed on the SDN list by the U.S. Department of the Treasury OFAC. 12. Qiaoyin Co., Ltd.: Pre-bid for a market-oriented sanitation operation project in Pingyi County, Linyi City, Shandong Province, worth approximately 719 million yuan. **In the Hong Kong stock market** Xidi Zhijia: Submitted a listing application to the Hong Kong Stock Exchange. ## IV. Repurchases and Increases 1. Minfeng Special Paper: The controlling shareholder plans to increase its holdings by 20 million to 40 million yuan. 2. Huatong Cable: Received 70 million yuan in special financing support for stock repurchase from Agricultural Bank. **Regarding Hong Kong stocks** 1. Alibaba: On November 6th, spent 19.95 million USD to repurchase 1.654 million shares. 2. COSCO Shipping Holdings: Today spent HKD 6.025 million to repurchase 2.9765 million shares. 3. GAC Group: Today spent HKD 3.1656 million to repurchase 1.09 million H shares. 4. Jitu Express: Today spent HKD 6.17 million to repurchase 1.035 million shares. 5. Guoquan: Today spent HKD 9.92 million to repurchase 4.8 million ordinary shares ### 相关股票 - [Western Securities (002673.CN)](https://longbridge.com/zh-CN/quote/002673.CN.md) - [SMIC (688981.CN)](https://longbridge.com/zh-CN/quote/688981.CN.md) - [SMIC (00981.HK)](https://longbridge.com/zh-CN/quote/00981.HK.md) - [Hua Hong (688347.CN)](https://longbridge.com/zh-CN/quote/688347.CN.md) - [HUA HONG SEMI (01347.HK)](https://longbridge.com/zh-CN/quote/01347.HK.md) - [PDH (600048.CN)](https://longbridge.com/zh-CN/quote/600048.CN.md) ## 相关资讯与研究 - [Hua Hong Semiconductor Wins SSE Acceptance for Share-Issuance Acquisition Plan](https://longbridge.com/zh-CN/news/281182290.md) - [1 undervalued semiconductor stock you can buy today](https://longbridge.com/zh-CN/news/281076419.md) - [There are 10 trillion-dollar stocks on the market. 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