Announcement on the evening of August 13th | CH ENERGY ENG signs a 7 billion Saudi photovoltaic project; Tongwei plans to acquire Runyang for 5 billion; FII's interim report shows a 22.04% increase in net profit
CH ENERGY ENG signs a 7 billion Saudi solar project, Tongwei plans to acquire Runyang for 5 billion, FII's interim net profit increases by 22.04%. Hainan Mining plans to repurchase shares for 50 to 100 million RMB, CH ENERGY ENG, China Tianying, China Baoan, and Xinjiang Construction sign major contracts, AI server business shines, FII's interim net profit increases by 20%, CIS helps Jinghe Integrated turn losses into profits, Tongwei Co., Ltd. plans to acquire Runyang shares for 5 billion
I. Mergers and Acquisitions, Equity Increase
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Tongwei Co.,Ltd.: The company plans to use its own funds or self-raised funds to make a cash capital increase to Runyang Shares. At the same time, it will acquire Runyang Shares' equity obtained through a cash acquisition of Yueda Group for 1 billion RMB, totaling no less than 51% of Runyang Shares' equity. The total transaction amount does not exceed 5 billion RMB. After the transaction is completed, Runyang Shares will become a subsidiary of Tongwei Co.,Ltd.
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Kanglongda: Some supervisors and senior management personnel plan to increase their holdings of company shares by 1-1.6 million RMB within 6 months, with no price range set for the increase plan.
II. Equity Transfer, Repurchase
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Hainan Mining: Plans to repurchase shares worth 50-100 million RMB to cancel and reduce the company's registered capital, with a repurchase price not exceeding 8.90 RMB per share.
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Huibo Cloud: Angze Taihe No. 3 Private Equity Securities Investment Fund intends to acquire 5.01% of the company's shares at a price of 15 RMB per share.
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Haier Biomedical: Shareholder Qijun Investment inquired about transferring 6.35905 million shares, reducing its shareholding to 4.19%.
III. Investment Cooperation, Business Operations
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CH ENERGY ENG: As the general contractor, the company's affiliated consortium signed the Saudi PIF Phase 4 Haden2GW Photovoltaic Project EPC contract with Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company. The contract amount is approximately 972 million USD, equivalent to about 6.979 billion RMB.
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China Tianying: A wholly-owned subsidiary signed a "Green Hydrogen Project Investment Cooperation Agreement," planning to invest in, construct, and operate a 150,000-ton-per-year green hydrogen project in Liaoyuan High-tech Industrial Park, with a total investment of 4.85 billion RMB. The first phase will have a production capacity of 40,000 tons of green hydrogen per year.
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China Baoan: A subsidiary plans to invest in and construct a 60,000-ton lithium battery negative electrode material integrated project in Morocco through its wholly-owned subsidiary Bettery Mediterranean Negative Electrode Material Technology Co., Ltd., with a total expected investment not exceeding 2.618 billion RMB.
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Xinjiang Construction: A wholly-owned subsidiary won the bid for the Intelligent Computing Center project in municipal rail transit, with a bid price of 1.299 billion RMB. The project covers an area of 40 acres, with a computing capacity of 6000P, including computing rooms, Chuangbei incubators, expert apartments, and artificial intelligence exhibition halls, implemented in a design, procurement, and construction general contracting model.
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Tianshun Wind Energy: A wholly-owned subsidiary recently successively won bids and signed contracts for offshore wind farm projects, with a total bid weight of 16,540.8 tons.
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Shenghang Co., Ltd.: The company recently obtained a "Domestic Waterway Transportation Operation Permit" issued by the Ministry of Transport, approving the addition of domestic coastal inter-provincial liquefied gas ship transportation operations.
IV. Performance Changes
- FII: Net profit in the first half of the year was 8.739 billion RMB, a year-on-year increase of 22.04%. In the first half of the year, FII's cloud computing revenue increased by 60% year-on-year, with cloud service provider revenue accounting for 47%, an increase of 5 percentage points from the same period last year; AI server revenue accounted for 43% of the overall server revenue, with revenue increasing by over 230% year-on-year. **2. Jinlongyu:**In the first half of the year, the net profit was 1.097 billion yuan, a year-on-year increase of 13.57%; during the reporting period, the sales volume of kitchen food, feed raw materials, and oil and fat technology products all increased, but the overall revenue performance was affected by the decrease in product prices.
**3. JHICC:**The net profit in the first half of the year was 0.187 billion yuan, turning losses into gains year-on-year. The proportion of CIS in the main business income has significantly increased, becoming the company's second largest product axis, with CIS production capacity at full load.
**4. Weixing Shares:**The net profit in the first half of the year was 1.6 billion yuan, a year-on-year increase of 37.79%; in addition, the board of directors approved the 2024 mid-term cash dividend plan, distributing a cash dividend of 2 yuan for every 10 shares, without bonus shares.
**5. Wanfu Biology:**The net profit in the first half of the year was 0.356 billion yuan, a year-on-year increase of 6.37%; the company plans not to distribute cash dividends, bonus shares, or increase capital through capital reserve.
**6. Tibet Pharmaceutical:**Achieved operating income of 1.615 billion yuan in the first half of the year, a year-on-year decrease of 11.29%; the net profit attributable to shareholders of the listed company was 0.623 billion yuan, a year-on-year increase of 4.57%. It is proposed to distribute a cash dividend of 9.67 yuan (tax included) for every 10 shares to all shareholders.
**7. Jiangsu Boyun:**Achieved operating income of 0.311 billion yuan in the first half of the year, a year-on-year increase of 31.7%; net profit was 69.3254 million yuan, a year-on-year increase of 29.96%. It is proposed to distribute a cash dividend of 3 yuan (tax included) for every 10 shares to all shareholders.
**8. Shuanghui Development:**The operating income in the first half of the year was 27.593 billion yuan, a year-on-year decrease of 9.31%; the net profit was 2.296 billion yuan, a year-on-year decrease of 19.05%. It is proposed to distribute a cash dividend of 6.60 yuan (tax included) for every 10 shares.
Hong Kong Stocks
**1. Tencent Music:**The total revenue in the second quarter was 7.16 billion yuan (985 million US dollars), with adjusted net profit reaching 1.99 billion yuan (273 million US dollars), a year-on-year increase of 25.7%.
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Evergrande Property: The unaudited net profit for the first half of the year is expected to decrease by about 37% compared to the same period in 2023.
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Minmetals Resources: The net profit in the first half of the year increased significantly to 795 million US dollars, turning losses into gains year-on-year, with the acquisition of the Khoemacau mine contributing to performance improvement