The North-South Shipping 100 billion merger has been approved! “Generation Shoe King” Cross-border Takeover Has Come to an End | Selected After-Market Announcements

On January 7, China's plan for the absorption and merger of Chinese ships with China Heavy Industries was approved in principle by the State Council's State-owned Assets Administration Commission and other competent authorities. Meibang Co., Ltd., whose stock price has broken out of the quadruple market, warned that the company's external circulation market is small, and there may be a risk of irrational speculation on the stock. AOKANG International terminated the cross-border acquisition of shares in chip companies and will resume trading tomorrow.

Here are a selection of post-market announcements:

China Shipping: Major asset restructuring received approval from the State Council's State-owned Assets Administration Commission and other competent authorities

China Shipbuilding announced that it intends to transfer shares to absorb and merge China Heavy Industries by issuing A-shares to all exchange shareholders of China Heavy Industries, constituting a major asset restructuring. Recently, the State Council's State-owned Assets Administration Commission and other competent authorities issued relevant approval opinions, agreeing in principle to the overall plan for this transaction.

Four consecutive Meibang shares: there is a risk of irrational speculation in the secondary market

Meibang Co., Ltd. issued a change announcement. Up to now, the company's controlling shareholders, actual controllers and co-actors hold a total of 93,400,000 shares of the company's shares, accounting for 69.08% of the company's total share capital. The rest are external tradable shares. The circulation market is small, and there is a risk of irrational speculation in the secondary market.

AOKANG International: Trading of the company's shares will resume on January 8

AOKANG International announced that due to the termination of the issuance of shares to purchase assets, trading of the company's shares will resume on January 8, 2025. The company suspended trading on December 24, 2024, and planned to purchase shares of Lianhe Storage Technology (Jiangsu) Co., Ltd. by issuing shares or paying cash, but the parties to the transaction failed to reach a final substantive agreement on the specific plan and transaction conditions, so they decided to terminate the matter. The termination will not affect the normal operation and development of the company. The company will strive to improve quality and efficiency, enhance profitability, consolidate the core competitiveness of its main business, and actively seek an epitaxial development path suitable for the company.

CITIC Haizhi: Holding subsidiary Haizhi General Aviation received a government subsidy of 29.73 million yuan

CITIC Haizhi announced that Haizhi General Aviation Co., Ltd., a holding subsidiary of the company, recently received a government subsidy of 29.73 million yuan. The subsidy will be included in the company's 2025 profit and loss in accordance with regulations such as “Corporate Accounting Standard No. 16 - Government Grants”. The specific impact is based on the final audit results of the 2025 accounting firm.

Tianneng Heavy Industries: Plans to establish a wholly-owned subsidiary in Zhuhai with a registered capital of 500 million yuan

Tianneng Heavy Industries announced that the company plans to establish a wholly-owned subsidiary in Zhuhai with a registered capital of 500 million yuan. The wholly-owned subsidiary will serve as the company's technology research and development platform for future product diversification and new product development. The funding source is the company's own and self-funded capital.

Hewang Electric: Data center related business is still in the early stages of demonstration

Hewang Electric issued a change announcement. After the company's own investigation, the company was concerned about market rumors that the company was involved in the data center concept. The company's related business is still in the early stages of verification, and there are currently no orders. There is great uncertainty about this business. The company's current production and operation activities are normal, and there have been no major changes in the daily business situation.

Guohai Securities: Issuing no more than 10 billion yuan of corporate bonds was approved by the Securities Regulatory Commission

Guohai Securities announced that the company received approval from the Securities Regulatory Commission to register the company to publicly issue corporate bonds with a total face value of not more than 10 billion yuan to professional investors.

Bomin Electronics: Supervisory Warning Due to Information Disclosure Violations

Bomin Electronics issued an announcement. The company was supervised and warned by the Shanghai Stock Exchange due to improper information disclosure and standardized operation. From 2020 to 2022, the company had many irregularities in accounting for operating income and net profit, including problems such as irregular accounting of trade business income and errors in raw material accounting, which led to inaccurate disclosure of annual reports. In 2021 and 2022, the company confirmed more revenue of 95.5554 million yuan and 18.9895 million yuan, respectively. In addition, the company also had inaccuracies in goodwill impairment tests, related transaction amounts, and disclosure of details of deferred income tax liabilities. In response to this, Xu Yan, then chairman and general manager, and Liu Remote, who was the current financial director, were accused of not being diligent and responsible. The company is required to carry out the rectification and submit a rectification report.

Yuantong Express: The wholly-owned subsidiary plans to acquire 100% of Guangzhou Yuanshengtong's shares for 234 million yuan

Yuantong Express announced that Yuantong Express Co., Ltd., a wholly-owned subsidiary of the company, plans to purchase 100% of its shares in Guangzhou Yuanshengtong from the controlling shareholder Jiaolong Group at a transaction price of 234 million yuan. Guangzhou Yuanshengtong owns land and housing buildings located at No. 50 Lianglong South Street, Huashan Town, Huadu District, Guangzhou. The company currently leases and pays rent as a whole for use as an operating site for the Guangzhou Transit Center. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The transaction is based on the company's business development and business planning needs. The acquisition of 100% of Guangzhou Yuanshengtong's shares will enable the self-ownership of the company's assets related to the Guangzhou transit center, further improve the layout of the company's transit center in the Guangzhou region, promote the optimal allocation of the company's assets in South China, and enhance control over the company's core assets.

Colon Pharmaceuticals: The subsidiary's core product, Bodutrastuzumab's new drug application was accepted by the NMPA

Colon Pharmaceutical announced that the new drug application (NDA) for Bodutrazumab, an antibody drug conjugate (ADC) targeting HER2, has been accepted by the China National Drug Administration (NMPA) Drug Evaluation Center (CDE) for the treatment of adults with HER2-positive unresectable or metastatic breast cancer who have previously received at least one type of anti-HER2 treatment. The innovative drug development process has a long cycle, many steps, and there is some uncertainty about whether it can be successfully developed and commercialized. Investors are kindly requested to make careful decisions and be careful to prevent investment risks. The company will promptly fulfill its obligation to disclose information in accordance with subsequent developments.

*ST Aonong: Sales of 2,0984 million pigs in 2024 decreased by 64.19% year-on-year

*ST Aonong announced in the evening that in December 2024, the company sold 126,400 pigs, a year-on-year decrease of 76.22% and an increase of 38.04% over November 2024. At the end of December 2024, the company kept 512,900 pigs, a decrease of 53.26% from the end of December 2023 and a decrease of 1.81% from the end of November 2024. From January to December 2024, the company sold a total of 2,0984 thousand pigs, a year-on-year decrease of 64.19%.

Golden ham: shareholder Shi Yanjun plans to reduce his holdings by no more than 1.30%

According to the Golden Ham announcement, shareholder Shi Yanjun holds 63.072 million shares of the company (accounting for 5.20% of the company's total share capital), and plans to reduce his holdings by no more than 15.751,800 shares (that is, no more than 1.30% of the company's total share capital) through centralized bidding or bulk transactions within three months after 15 trading days from the date of publication of the pre-disclosure notice to reduce its holdings.

Sinotrans: Infrastructure Public Offering REITs Applications Accepted

Sinotrans announced that on December 27, 2024, BOC Fund Management Co., Ltd. and BOC Asset Management Co., Ltd. submitted application materials for BOC COSCO Warehousing and Logistics Closed Infrastructure Securities Investment Fund registration, listing and transfer of the BOC Asset Management - Sinotrans Warehousing and Logistics Infrastructure Phase 1 Asset Support Special Plan, and were recently separately accepted by the China Securities Regulatory Commission and the Shanghai Stock Exchange. In accordance with the relevant listing rules of the Hong Kong Stock Exchange, the Company applied for infrastructure REITs to be distributed and listed separately. The Company has submitted a PN15 application in accordance with the regulations of the Hong Kong Stock Exchange, and the Hong Kong Stock Exchange has agreed to the Company's spin-off listing.

Haitian Co., Ltd. competed for prospecting rights for Baishantou Copper Polymetallic Mine Survey (Zone 2) in Ruoqiang County, Xinjiang for 305.11 million yuan

Haitian Co., Ltd. announced that in accordance with legal procedures, the company recently participated in the Baishantou Copper Polymetallic Mine Survey (Zone 2) prospecting rights listing auction in Ruoqiang County, Xinjiang, to win the prospecting rights for 305.11,000 yuan, and signed a “Prospecting Rights Transfer Transaction Confirmation” with the Xinjiang Uygur Autonomous Region Government Affairs Service and Public Resources Exchange Center. The company still needs to sign a “Prospecting Rights Concession Contract” with the Department of Natural Resources of the Xinjiang Uygur Autonomous Region, go through the registration procedures for prospecting rights in accordance with relevant regulations and requirements, and obtain an exploration license.

Kangqiang Electronics: There are no important matters involving the company that should have disclosed but not disclosed

Kangqiang Electronics issued a change notice. There have been no recent major changes in the company's business situation or internal and external business environment; the largest shareholder has no major matters involving the company that should have disclosed but not disclosed, or important matters in the planning stage.

Sophia: Sophia invests in a share sale transaction and no longer holds shares in Minsheng Securities

Sophia announced earlier that its wholly-owned subsidiary Sophia Investment signed an “Asset Issuance Agreement” with Guolian Securities. Sophia Investment plans to sell 294 million shares of Minsheng Securities to Guolian Securities at a price of 768 million yuan, and accept the issuance of 687.382 million A-shares by Guolian Securities to Sophia Investment in consideration. Recently, the new shares added to this transaction have completed registration procedures at the Shanghai branch of China Securities Registration and Settlement Co., Ltd. Sophia Investments holds 687.38,200 shares of Guolian Securities, accounting for 1.26% of the total share capital of Guolian Securities, and no longer holds shares in Minsheng Securities.

China's nuclear power: power generation will increase by 3.09% year-on-year in 2024

China Nuclear Power announced that as of December 31, 2024, the company's cumulative commercial power generation capacity for the full year of 2024 was 216.349 billion kilowatt-hours, up 3.09% year on year; feed-in power was 203,923 billion kilowatt-hours, up 3.28% year on year. Among them, part of nuclear power generation decreased by 1.80% year on year, and feed-in electricity volume decreased by 1.83% year on year; power generation of new energy part increased by 42.21% year on year, and feed-in electricity increased by 42.07% year on year. In 2025, the company's annual power generation target is 237 billion kilowatt-hours, of which 195.4 billion kilowatt-hours are planned from nuclear power and 41.6 billion kilowatt-hours from new energy sources.

Dongfeng shares: NEV sales fell 24.49% year on year in December 2024

Dongfeng Co., Ltd. announced that in December 2024, NEV sales volume was 2,901 units, down 24.49% year on year. Among commercial vehicles, the monthly production of light goods vehicles was 17,000 units, down 5.49% year on year. The cumulative production volume was 138,200 units, down 5.49% year on year; sales volume was 14,500 units, up 1.43% year on year. The cumulative sales volume was 141,300 units, up 1.43% year on year.

Klaus: Equipment Luxembourg is no longer included in the scope of the company's merger, which will cause the company's revenue to shrink

Klaus announced a stock price change. Equipment Luxembourg will no longer be included in the scope of the company's merger, which will cause the company's revenue to shrink, and at the same time, the main business will change to focus on two segments: chemical equipment business and rubber machinery business. In the future, the company will focus on improving quality and efficiency to further expand and increase profits in the chemical equipment business and rubber machinery business; adhere to innovation, develop new products and break through key technologies, and find new profit growth points, but there may be risks that performance will fluctuate and profits will not meet expectations. Investors are reminded of investment risks.

Hope Co., Ltd.: The wholly-owned subsidiary Hope plans to absorb and merge Shanghai Qianxu

Hope Co., Ltd. announced that in order to further optimize the organizational structure and improve operational efficiency, Hope, a wholly-owned subsidiary of the company, plans to absorb and merge its wholly-owned subsidiary Shanghai Qianxu. After the merger is completed, Shanghai Qianxu will be dissolved and cancelled in accordance with law, and all of its assets, liabilities, business, personnel, and all other rights and obligations will be assumed by Hope Planning.

Dongrui shares: pig sales revenue of 160 million yuan in December

Dongrui Co., Ltd. announced that in December 2024, the company sold a total of 112,900 pigs, with sales revenue of 160 million yuan, an increase of 27.93% over the previous month. The average sales price of commercial pigs was 17.29 yuan/kg, down 5.68% from the previous month. From January to December 2024, the company sold a total of 874,400 pigs, with sales revenue of 1,448 billion yuan. The average sales price of commercial pigs was 18.16 yuan/kg. The year-on-year changes were 40.03%, 47.22%, and 6.06%, respectively.

China Salt Chemical: Chairman completed an increase of 23,900 shares

China Salt Chemical announced that as of January 7, 2025, Chairman Zhou Jie's cumulative increase amount has exceeded the lower limit of the increase range agreed in the holdings increase plan, and the implementation of the holdings increase plan has been completed. Zhou Jie increased his holdings of the company's shares by a total of 23,900 shares through centralized bidding, accounting for 0.0016% of the company's total share capital, and the total increase amount was 191,420 yuan.

Taotao Auto Industry: The subsidiary plans to invest no more than 600 million yuan to build new projects

Taotao Auto Industry announced that Yongkang Taotao Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to use no more than RMB 600 million of its own capital or self-financing to invest in the construction of an “industrialization project with an annual output of 10,000 golf cars and key vehicle components” in Yongkang, Zhejiang. The total land area of the project is about 80 acres, and the total planned construction area is about 130,000 square meters. It mainly constructs production workshops and supporting facilities for electric golf carts and spare parts as well as key components. The construction cycle of the project is no more than 3 years, and the construction is carried out in stages. In the end, the actual construction situation shall prevail. The source of funding for the project is Taotao Technology's own funds or self-financing, and will be invested in instalments according to the specific needs of the project.

Dongfang Electric: The holding subsidiary transferred 51% of Mulei Dongxin's shares for 929 million yuan

Dongfang Electric announced in the evening that recently, Dongfang Wind Power, its holding subsidiary, transferred 51% of its subsidiary Mulei Dongxin New Energy Co., Ltd. to Sichuan Chuantou New Energy Co., Ltd. at a price of 929 million yuan. The completion of this transaction is expected to increase the company's total profit and cash flow in 2024.

Seagull Co., Ltd.: The company currently produces and operates normally

Seagull Co., Ltd. issued a change announcement. Currently, the company's production and operation are normal, there have been no major changes in the market environment or industry policies, and there is no major information that should be disclosed but not disclosed.

Ankai Bus: Sales volume of 1,037 vehicles in December 2024

Ankai Bus announced that as of December 2024, the company sold 1,037 vehicles this month, including 220 large buses, 379 medium buses, and 438 light buses. The cumulative sales volume this year was 5,837 vehicles, an increase of 34.87% over the same period last year. In terms of production, the total production in December 2024 was 1,024 vehicles, including 128 large buses, 440 medium buses, and 456 light buses. The cumulative production this year was 5,807 vehicles, an increase of 30.61% over the same period last year.

Aimu Co., Ltd.: Chairman and General Manager Zhu Xinai lifted his detention

Aimu Co., Ltd. announced that the company recently received the “Notice of Release of Detention” issued by the Shanghai Hongkou District Supervisory Commission and decided to lift the lien measures against Chairman and General Manager Zhu Xinai. At present, Zhu Xinai has been able to perform his duties as chairman and general manager of the company normally, and the company's production, operation and management situation is normal.

Shennong Group: Sales volume of 21,500,000 pigs in December increased 63.19% year-on-year

Shennong Group announced that in December 2024, the company sold 21,500 pigs, including 198,800 commercial pigs, with sales revenue of 404 million yuan. From January to December 2024, the company sold a total of 2.2715 million pigs, with sales revenue of 4.495 billion yuan. In December 2024, the average sales price of the company's commercial pigs was 15.64 yuan/kg, down 6.40% from November.

Shaanxi coal industry: coal production increased by 21.01% year-on-year in December 2024

The Shaanxi Coal Industry announced that in December 2024, coal production was 14.9 million tons, up 21.01% year on year; self-produced coal sales were 15.26 million tons, up 9.64% year on year. In 2024, cumulative coal production was 170 million tons, up 4.13% year on year; cumulative sales volume of self-produced coal was 169 million tons, up 3.30% year on year. The data comes from internal company statistics and may differ from the data disclosed in regular reports.