**Today's Highlights** 1. **Shangwei New Materials**: Trading Halt for One Day as Zhiyuan Hengyue’s Takeover Offer Expires Shangwei New Materials (688585.SH) announced a one-day trading halt on October 29, 2025, due to a takeover offer by Shanghai Zhiyuan Hengyue Technology Partnership. The stock will resume trading upon the release of the takeover results. The offer targeted 149 million shares (37% of total shares) at ¥7.78/share, valid from September 29 to October 28, 2025.
2. **ZTE Corporation**: Q3 Net Profit at ¥264 Million ZTE reported Q3 revenue of ¥28.97 billion (+5.11% YoY), but net profit fell 87.84% YoY to ¥264 million.
3. **Sungrow Power (300274.SZ)**: Q3 Net Profit Up 56% YoY Sungrow’s Q3 revenue rose 20.83% YoY to ¥22.87 billion, with net profit climbing 57.04% to ¥4.15 billion. For the first three quarters, revenue grew 32.95% to ¥66.4 billion, and net profit increased 56.34% to ¥11.88 billion, driven by expanded sales.
4. ***ST Zhengping**: Trading Halt Pending Review After 152% Surge *ST Zhengping’s shares surged 152.42% from September 1 to October 28, triggering five trading volatility alerts. The company will halt trading from October 29 for a review, citing a significant deviation from market trends. The halt is expected to last up to 10 trading days.
5. **Jiquan Tech**: Subsidiary to Invest ¥150 Million in Chip-Focused Industrial Fund Jiquan Tech’s wholly-owned subsidiary, Xinjuquan, will invest ¥150 million as a limited partner in an industrial fund targeting chips, integrated circuits, and high-growth sectors. Post-investment, Jiquan will hold 99.93% of the fund’s initial capital.
6. **Yuneng Holdings**: Terminates 17 Distributed Solar Projects Worth ¥1.2 Billion Yuneng Holdings canceled 17 solar projects due to unfavorable market conditions, avoiding a planned ¥1.2 billion investment. The move will not materially impact financials.
**Operational Performance** 1. **Suli Co.**: Q3 Net Profit Soars 2750% YoY Suli’s Q3 revenue rose 26% to ¥762 million, with net profit surging 2750% to ¥59.42 million. Nine-month net profit grew 1522% to ¥139 million.
2. **Xianda Co.**: Q3 Net Profit Up 5447% on Herbicide Price Surge Xianda’s Q3 net profit jumped 5447% to ¥59.85 million despite a 5.59% revenue decline, driven by higher prices for clethodim and new product sales.
3. **Yutong Bus (600066.SH)**: Q3 Net Profit Up 78.98% Yutong’s Q3 revenue grew 32.27% to ¥10.24 billion, with net profit up 78.98% to ¥1.36 billion. Nine-month net profit rose 35.38% to ¥3.29 billion.
4. **Actions Tech**: Q3 Net Profit Doubles Actions Tech reported a 101.09% rise in Q3 net profit to ¥60.27 million, with revenue up 46.64% to ¥273 million.
5. **DBG Technology**: Q3 Net Profit Up 99.68% DBG’s Q3 revenue surged 57.46% to ¥2.94 billion, with net profit nearly doubling to ¥99.61 million.
6. **Moog Inc.**: Q3 Net Profit Up 215.97% Moog’s Q3 net profit rose 215.97% to ¥22.88 million, though nine-month growth was modest at 5.43%.
7. **Central Microelectronics**: Q3 Net Profit Down 3.66% Despite a 21.88% revenue increase to ¥269 million, Q3 net profit dipped 3.66% to ¥65.82 million.
8. **Yiming Pharmaceutical**: Q3 Net Profit Up 1934% Yiming’s Q3 net profit skyrocketed 1934% to ¥44.21 million, though nine-month revenue fell 4.65%.
9. **Vland Biotech**: Q3 Net Profit Up 205% Vland’s Q3 net profit rose 205% to ¥35.06 million, with nine-month growth at 51.24%.
10. **Baiyunshan**: Q3 Net Profit Up 30.28% Baiyunshan’s Q3 net profit grew 30.28% to ¥794 million, with nine-month revenue up 4.31%.
11. **Giant Network**: Q3 Net Profit Up 81.19% Giant’s Q3 revenue more than doubled to ¥1.71 billion, with net profit up 81.19% to ¥640 million.
**Share Buybacks & Stake Changes** 1. **Haida Group**: Plans ¥1–1.6 Billion Buyback Haida Group approved a buyback of up to ¥1.6 billion at ≤¥62/share for capital reduction or employee incentives.
**Major Contracts** 1. **Biaoo Intelligent**: Wins ¥97.22 Million Project Biaoo secured a ¥97.22 million contract for assembly systems from a state-owned enterprise.
2. **Guangdong Construction**: Signs ¥1.92 Billion Contract Guangdong Construction’s subsidiary won a ¥1.92 billion, 1,365-day contract for a Guangzhou redevelopment project.
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