Key A-Share Announcements: Oriental Yuhong's Subsidiary Loses $1.2M in Fraud; PowerChina Secures $662M Contract

Stock News12-23 20:00

1. **Jiufeng Energy Signs Agreement with China Long March Rocket** Jiufeng Energy announced an agreement to support Hainan Commercial Space Launch Site's expansion (Phase II), involving a total investment of approximately 300 million yuan. The project aims to meet increased demand for rocket propellants and satellite manufacturing.

2. **Ningbo Huaxiang's Subsidiary Wins Robotics Joint Order** Ningbo Huaxiang Qiyuan Technology secured a two-year contract to produce robotic joints for a leading domestic manufacturer. The collaboration will enhance its competitive edge in smart robotics components, with mass production starting in January 2026.

3. **Dongcai Technology Warns of Raw Material Price Volatility** The company noted significant stock price fluctuations due to intense market competition. Key product costs are tied to crude oil prices, potentially impacting earnings stability. Mitigation strategies include diversifying product lines and optimizing inventory.

4. **Jiamei Packaging Denies Backdoor Listing Plans** Amid a five-day rally, Jiamei Packaging clarified it has no plans for backdoor listings or major business adjustments within 36 months, maintaining its focus on food/beverage packaging.

5. **Haohai Biotech's Chair Fined $2M for Insider Trading** Controlling shareholder Jiang Wei was penalized by regulators for insider trading. The company stated the penalty is personal and won’t affect operations.

6. **BOE Energy Tech Clears Listing Guidance** BOE’s subsidiary passed Beijing regulatory review for a potential IPO. The energy tech firm is currently listed on the NEEQ (Code: 874526).

7. **Oriental Yuhong Reports $1.2M Cyber Fraud in U.S. Subsidiary** OYH Building Materials, a U.S. unit, fell victim to email spoofing, leading to unauthorized payments. Local authorities and the FBI are investigating. The incident is deemed isolated with no material operational impact.

8. **Hyper Strong Plans $200M Smart Energy Storage Factory** The Beijing-based project will integrate R&D, manufacturing, and testing facilities to boost high-end energy storage capabilities.

9. **Zhuhai Duty-Free Sells Gree Real Estate for $552M** The 100% stake transfer to Toujie Holdings was completed on December 22, with full cash payment.

10. **Grinda Invests in GPU Startup Muxi’s IPO** The electronic chemicals firm cited synergies in chip-material R&D and supply chain security as reasons for the strategic stake purchase.

11. **Libote Denies Nuclear Fusion Business Links** After a two-day surge, the industrial module specialist clarified it has no involvement in nuclear fusion, with minimal revenue from nuclear sector contracts (6.48% of 2024 sales).

12. **CFLD Revises Shareholder Meeting Rules** Prompted by Ping An Life Insurance, the property developer raised approval thresholds for guarantee-related board decisions from 50% to two-thirds majority.

13. **Hangzhou Bank Plans $4B Bond Issuance** The bank will issue up to 40 billion yuan in non-capital bonds with maturities ≤10 years.

**Market Alerts**: - Shengtong Energy flagged abnormal trading; An Tong Holdings warned of potential share buyback shortfalls.

**Corporate Actions**: - **Buybacks**: Weimersi (50–100M yuan), Biosino (50–100M yuan). - **Contracts**: PowerChina’s $662M Turkey gas project; Baosheng’s $120M Singapore power cable deal.

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