---
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-HK"
url: "https://longbridge.com/zh-HK/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)
---

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# 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

### 相關股票

- [Western Securities (002673.CN)](https://longbridge.com/zh-HK/quote/002673.CN.md)
- [SMIC (688981.CN)](https://longbridge.com/zh-HK/quote/688981.CN.md)
- [SMIC (00981.HK)](https://longbridge.com/zh-HK/quote/00981.HK.md)
- [Hua Hong (688347.CN)](https://longbridge.com/zh-HK/quote/688347.CN.md)
- [HUA HONG SEMI (01347.HK)](https://longbridge.com/zh-HK/quote/01347.HK.md)
- [PDH (600048.CN)](https://longbridge.com/zh-HK/quote/600048.CN.md)

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