Today's Focus 1. Cambricon: Forecasts 2025 Net Profit of 18.50-21.50 Billion Yuan, Turning Loss into Profit Year-on-Year Cambricon Technologies Corporation Limited (688256.SH) announced that it expects the net profit attributable to shareholders of the listed company in 2025 to be between 18.50 billion yuan and 21.50 billion yuan, achieving a turnaround from a loss to a profit compared to the previous year. During the reporting period, benefiting from the continuously rising demand for computing power in the artificial intelligence industry, the company leveraged the excellent competitiveness of its products to continuously expand its market presence and actively promote the implementation of AI application scenarios. This led to a substantial year-on-year increase in operating revenue for the period, which in turn drove an improvement in the company's overall operating performance and resulted in a net profit turnaround. Note: The Q3 net profit was 5.67 billion yuan; based on this calculation, the Q4 net profit is estimated to be between 2.45 billion yuan and 5.45 billion yuan, representing a sequential change of -56% to -3%. The consensus analyst forecast for Q4 net profit was 6.13 billion yuan, indicating that Q4 performance fell short of expectations. 2. BlueFocus: Chairman Zhao Wenquan Plans to Reduce Holdings by Up to 20 Million Shares BlueFocus announced that Chairman Zhao Wenquan plans to reduce his holdings by no more than 20 million shares, representing 0.5571% of the company's total share capital, within three months starting fifteen trading days after the disclosure of the announcement, through centralized bidding or block trades. Director and Vice President Xiong Jian plans to reduce his holdings by no more than 354,500 shares, representing 0.0099% of the company's total share capital, via centralized bidding during the same period. The reason for the share reductions is stated as personal capital needs for both individuals. 3. Huayou Cobalt: Plans to Cooperate on Building Integrated Battery Industry Chain Project in Indonesia Huayou Cobalt announced that its controlling subsidiary, HYD, has signed a cooperation framework agreement with ANTAM and IBC. The three parties will collaborate in Indonesia around the entire industrial chain for new energy vehicle batteries. The parties to the agreement intend to invest in and build an integrated battery industry in Indonesia, aiming to establish Indonesia as a production base for electric vehicle batteries and other battery application products to supply the domestic Indonesian market, regional markets, and international markets, thereby having a positive impact on Indonesia's sustainable economic development. 4. Jihua Group: Controlling Shareholder Planning Control Rights Change; Trading Halt Starting Next Monday Jihua Group announced that it received a notice from its controlling shareholder, Hangzhou Jinhui Mechanical & Electrical Equipment Co., Ltd., informing that it is planning matters related to the agreed transfer of part of its equity in the company, which may lead to a change in the company's controlling shareholder and actual controller. To ensure fair information disclosure and protect the interests of investors, the company's stock will be suspended from trading starting at the market open on February 2, 2026, with an expected suspension period of no more than 2 trading days. 5. Minblast Optoelectronics: Plans to Acquire 51% Equity in Xiamen Xiazhi Precision Technology Co., Ltd. via Cash; Stock Resumes Trading Minblast Optoelectronics announced its intention to acquire a 51% equity stake in Xiamen Xiazhi Precision Technology Co., Ltd. held by Xiamen Maida Intelligent Technology Co., Ltd. through a cash payment. Upon completion of this transaction, Minblast Optoelectronics will become the controlling shareholder of Xiazhi Precision, and the target company will become a controlled subsidiary of Minblast Optoelectronics. Prior to this transaction, Minblast Optoelectronics was primarily engaged in the R&D, design, manufacturing, sales, and service of LED green lighting products. Xiazhi Precision focuses on the R&D, production, and sales of micro drill bits, deeply cultivating the core consumables sector for PCB manufacturing. After the transaction, Minblast Optoelectronics' business will expand into the field of specialized PCB drill bits for high-end applications, which is conducive to accelerating its strategic transformation. In accordance with the relevant regulations of the Shenzhen Stock Exchange, and upon the company's application, the company's stock will resume trading on the morning of Monday, February 2, 2026.
Performance Forecasts/Reports 1. Western Region Gold: Expects 2025 net profit of 4.25 billion yuan to 4.90 billion yuan, a year-on-year increase of 46.78%-69.23%. 2. China International Capital Corporation Limited (CICC): Expects 2025 net profit of 8.542 billion yuan to 10.535 billion yuan, a year-on-year increase of 50%-85%. 3. Shandong Gold: Expects 2025 net profit of 4.6 billion yuan to 4.9 billion yuan, a year-on-year increase of 56%-66%. 4. 360 Security Technology: Expects 2025 net profit to be approximately 213 million yuan to 318 million yuan, turning a loss into a profit year-on-year. 5. Changchun High & New Technology Industry Group: Expects 2025 net profit of 150 million yuan to 220 million yuan, a year-on-year pre-decrease of 91%-94%. 6. OCT Group: Expects 2025 net loss of 13 billion yuan to 15.5 billion yuan. 7. Tiandi Online (10 days, 6 limit-ups): Expects 2025 net loss of 86 million yuan to 153 million yuan. 8. Kunlun Tech: Expects 2025 net loss of 1.35 billion yuan to 1.95 billion yuan. 9. Aerospace Development: Expects 2025 net loss of 1 billion yuan to 1.65 billion yuan. 10. China Eastern Airlines: Expects 2025 net loss of 1.3 billion yuan to 1.8 billion yuan. 11. Air China: Expects 2025 net loss of 1.3 billion yuan to 1.9 billion yuan. 12. Wingtech Technology: Expects 2025 net loss of 9 billion yuan to 13.5 billion yuan. 13. Huayi Brothers Media: Expects its net asset value at the end of 2025 to be between -94 million yuan and 63 million yuan; the company's stock may be subject to delisting risk warning. 14. East China Information Technology: Expects 2025 net loss of 2.176 billion yuan to 2.791 billion yuan; the company's stock trading may be subject to delivery risk warning. 15. Xi'an Tourism: Expects its net asset value for 2025 may be negative; stock trading may be subject to delisting risk warning. 16. Mogao: Expects 2025 net loss of 100 million yuan to 120 million yuan; stock may be subject to delisting risk warning.
Share Repurchases & Shareholding Changes 1. Tianhao Energy: Plans to repurchase company shares with 100 million yuan to 150 million yuan. 2. Leading Optics: Shareholder Yiweda Partnership plans to reduce holdings by no more than 2.92%. 3. Novosense Microelectronics: Shareholder Guorun Ruiqi plans to reduce holdings by no more than 0.36%; Huiyue Chengzhang plans to reduce holdings by no more than 1.39%. 4. Huafeng Chemical: Shareholders You Jinhuan, Chen Linzhen, You Xiaoling, and You Xiaoyan plan to collectively reduce holdings by no more than 0.73%. 5. Jolywood: Shareholder Lin Jianwei plans to reduce holdings by no more than 3.00%.
Major Contract Awards 1. Haige Communications: Received an operating contract worth approximately 335 million yuan. 2. Changyuan Donggu: Received a letter of intent for product designation for engine blocks and front-end covers from a new customer. 3. United Science and Technology: Won a bid for a 432 million yuan signaling system procurement project for Taizhou City Rail Line S2. 4. Qianyu Shares: Won a bid for a 61 million yuan integrated sanitation and landscaping services project.
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