Today's key corporate announcements are summarized below.
Semiconductor Manufacturing International Corporation (ASX: 688981) announced it has completed the acquisition of a 49% stake in SMIC Northern. The company had previously disclosed its plan to issue shares to five shareholders, including the National Integrated Circuit Industry Investment Fund Co., Ltd., to acquire their combined 49.00% equity interest in SMIC Northern Integrated Circuit Manufacturing (Beijing) Co., Ltd. The transfer of the target assets was completed on June 12, 2026, making SMIC Northern a wholly-owned subsidiary. The new shares were registered on June 23, 2026, with an issue price of 74.2 yuan per share and a total of 547 million shares issued, all subject to trading restrictions. The final transaction value was 40.601 billion yuan.
Jiangsu Changdian Technology Co., Ltd. announced plans to invest 7.8 billion yuan to construct a high-end advanced packaging and testing facility. The company intends to establish a controlling subsidiary to build the factory in the Shanghai Lingang New Area, with a total investment of 7.8 billion yuan, of which the registered capital is expected to be 4 billion yuan. The project will be constructed in two phases, with the first phase, including plant construction, fit-out, and equipment investment, scheduled for completion in the second half of 2028. This investment aims to accelerate the layout of high-end advanced packaging capacity and enhance overall competitiveness.
Luxshare Precision Industry Co., Ltd. announced the publication of its post-hearing application proof on June 24, 2026. The company is proceeding with its application to issue H-shares and list on the Main Board of The Stock Exchange of Hong Kong Limited, having previously submitted the application and received filing from the China Securities Regulatory Commission. The announcement indicates that the Listing Committee of the Hong Kong Stock Exchange has held a hearing to review the application, and the company published the post-hearing application proof on the HKEX website on June 24, 2026. The listing is still subject to approval from relevant regulatory authorities and remains uncertain.
Zhongchuang Environmental Protection Co., Ltd. announced that its Chairman, Zhang Hongliang, has been criminally detained by public security authorities on suspicion of criminal offenses and has resigned. As he is unable to perform his duties normally, he has applied to resign from all his positions, including director, chairman, and member of all board committees. He will not hold any position in the company thereafter. The company stated this incident does not affect its normal business operations and it will expedite the process of electing new directors and a new chairman.
China Merchants Energy Shipping Co., Ltd. issued an unusual volatility announcement, stating that the operations of its various fleets are normal. Recently, traffic flow on routes in and out of the Persian Gulf in the Middle East has shown some recovery, driving up freight rates for VLCC tankers. The company expects the situation regarding the resumption of navigation in the Persian Gulf to remain uncertain in the short term, with related shipping market freight rates continuing to face risks of sharp fluctuations. The direction of freight rates involves many uncertainties, and risks are difficult to predict accurately at this time.
Gaoce Technology Co., Ltd. announced that its 12-inch silicon-based semiconductor slicing machines are seeing a surge in orders. The company's semiconductor products focus on core processes like cutting, edging, and grinding, with its product matrix expanding from single cutting equipment to the entire edging and thinning process, achieving an upgrade from single-point equipment to integrated line solutions. With increasing demand for large semiconductor silicon wafers and substrate manufacturers' expansion plans being implemented, the company's 12-inch silicon-based semiconductor slicing machines have seen a significant increase in orders, securing bulk orders from leading customers and capturing a major market share.
Hongban Technology Co., Ltd. announced that its wholly-owned subsidiary, Ganzhou Hongban, plans to invest up to 900 million yuan in an intelligent upgrade project for a high-end HDI precision circuit board production line, using its own and raised funds. The project will mainly produce high-end products like COB direct display HDI circuit boards, with a construction period of 12 months. It is expected to enhance the company's competitiveness in the high-end PCB sector.
Yunzhong Technology Co., Ltd. announced that its controlling subsidiary, Chizhou Yunzhong, intends to sign an investment agreement with the Management Committee of the Wanjiang Jiangnan Emerging Industry Cluster Zone to invest in a high-performance multilayer ceramic capacitor (MLCC) production project. The total investment is 1.5 billion yuan, to be implemented in two phases. The first phase involves an investment of 750 million yuan, funded by capital increases of 450 million yuan from Chizhou Yunzhong and 300 million yuan from the Chizhou Jiangnan Emerging Industry Fund. The second phase, estimated at 750 million yuan, will be invested based on the operational performance of the first phase. The project aims to expand MLCC capacity to meet market demand but carries risks related to funding, technical certification, and capacity ramp-up. The matter is subject to shareholder approval.
Dongyang Sunshine Co., Ltd. announced that its controlling subsidiary, Dongguan Yunnzhisuan, intends to sign an IDC service procurement contract with a related party, Qingyang Qinyang Information Technology Co., Ltd. It is estimated that over the next 12 months, the total procurement cost for related IDC service projects from Qinyang Company will not exceed 200 million yuan. This related-party transaction aims to meet the business development and routine operational needs of Dongguan Yunnzhisuan and represents a significant substantive step in the implementation of the company's computing power industry layout and the scaling of its business.
Ping'an Electrician Co., Ltd. issued a stock trading unusual volatility announcement, noting recent high market attention on the "quartz cloth" concept. As of the announcement date, the quartz cloth developed by the company is still in the sample verification stage and has not achieved industrial-scale supply. It will not have any impact on the company's operating performance for a considerable period. It must be clearly stated that high-end quartz cloth has stringent product performance requirements and a long verification cycle, with significant uncertainty regarding the sample submission progress. Investors are advised to be cautious of concept speculation risks and make rational investment judgments. The company is primarily engaged in the R&D, production, and sales of mica-based high-temperature insulation materials for electric heating systems (accounting for 62.67% of 2025 revenue), new energy thermal runaway safety protection components (25.04% of 2025 revenue), and fiberglass cloth (11.67% of 2025 revenue). Its products are mainly used in special cables, rail transit, smart home appliances, motors, generators, industrial electrical equipment, and other fields. They are not used in solid-state battery areas or other unrelated cutting-edge fields.
*ST Dongzhi announced that its shares will continue to be suspended from trading starting June 25. Trading in the company's shares will continue to be suspended from the market opening on Thursday, June 25, 2026, with an expected suspension period not exceeding three trading days. The company's controlling shareholder, Kexiang High-tech Development Co., Ltd., is planning matters involving the transfer of part of its shareholding in the company, which may lead to a change in control. The parties involved have signed a Letter of Intent and paid a deposit of 30 million yuan.
Shiming Technology Co., Ltd. announced that its stock trading price has seen a cumulative deviation of over 100% in closing prices over six consecutive trading days, constituting severe abnormal volatility. As of the announcement date, the company's electronic-grade hydrocarbon resin products generated revenue of 1.823 million yuan in 2026, accounting for approximately 0.25% of the company's audited consolidated revenue for 2025, and have not yet achieved large-scale sales. The company does not supply downstream manufacturers such as Guangdong Shengyi Technology Co., Ltd., Taiwan Guang Electronics Material Co., Ltd., or Elite Material (Hong Kong) Co., Ltd., and is currently in the sample submission and product verification stage. The company's electronic-grade hydrocarbon resin products are mainly used in M6~M8 grade high-speed CCL fields. Products targeting M9 grade or higher are currently only in the R&D and reserve stage and have not yet entered mass production. The high-end electronic new materials industry generally features long customer verification cycles and high market development difficulties, leading to significant uncertainty in business expansion and limited short-term contribution to overall performance. The company currently has no plans for capacity expansion related to hydrocarbon resin. Investors are advised to fully consider the potential investment risks associated with this matter.
Der Future Co., Ltd. issued a stock trading unusual volatility announcement, stating that its graphene-related business primarily involves selling graphene preparation equipment, application products, and providing testing services. In 2025, revenues from these businesses were 462,800 yuan, 43,000 yuan, and 402,800 yuan, respectively, collectively accounting for only 0.07% of the company's operating revenue. Current orders on hand are mainly sporadic graphene testing services, with a very small order value for 2026. As of March 31, 2026, revenue from graphene testing services was 169,300 yuan. The company's graphene application products are mainly civilian products like thermal cups and air purifiers, with no current orders for industrial application products. To date, there are no orders on hand for graphene preparation equipment and application products, and these two businesses have not generated any revenue in 2026.
Zhongguang Tianze Media Co., Ltd. announced that its controlling shareholder intends to transfer 28% of its shares at 22.95 yuan per share, with trading resuming on June 25. The company's controlling shareholder, Changsha Radio & Television Group Co., Ltd., signed a Share Transfer Agreement on June 24, 2026, with Changsha Chengfa Cultural Tourism Group Co., Ltd. to transfer 36.4 million shares (28% of total share capital) to Chengfa Cultural Tourism at a price of 22.95 yuan per share, for a total consideration of 835 million yuan. Upon completion of the transaction, the controlling shareholder will change from Changsha Radio & TV Group to Chengfa Cultural Tourism, while the actual controller will remain the State-owned Assets Supervision and Administration Commission of Changsha Municipal People's Government. The company's shares will resume trading at the market opening on June 25, 2026.
Aokang International Co., Ltd. announced it is planning a significant asset acquisition, leading to a trading halt. The company is planning a major matter involving asset acquisition, which is currently in the planning stage. Given the significant recent increase in the company's stock price and the uncertainty of the matter, to ensure fair information disclosure and protect investor interests, trading in the company's shares will be suspended from the market opening on June 25, 2026, with an expected continuous suspension period not exceeding two trading days. During the suspension, the company will actively advance related work and fulfill information disclosure obligations. The transaction still carries significant uncertainty, and investors are advised to be mindful of the risks.
*ST Zhisheng announced that the delisting risk warning will be removed starting June 26, and the stock abbreviation will change to "Chuanda Zhisheng". Trading in the company's shares will be suspended for one day starting from the market opening on June 25, 2026, and will resume on June 26, 2026. Effective June 26, 2026, the delisting risk warning on the company's shares will be removed. The stock abbreviation will change from "*ST Zhisheng" to "Chuanda Zhisheng", with the stock code unchanged. The daily price fluctuation limit will change from 5% to 10%.
China Jushi Co., Ltd. issued a stock trading unusual volatility announcement, noting recent high attention on its electronic cloth products, with the company being labeled a "PCB concept" stock. The company stated that the electronic cloth products it manufactures are mainly standard and thin series cloth. In 2025, the company sold 1.062 billion meters of electronic cloth, accounting for 17.77% of operating revenue. Products like low-dielectric specialty electronic cloth have not generated any orders or revenue.
Ping'an Electrician Co., Ltd. announced that its stock price has shown a cumulative deviation of over 20% in closing prices over three consecutive trading days (June 22, 23, and 24, 2026), constituting abnormal trading volatility. Regarding the "quartz cloth" concept that has attracted significant market attention recently, the company clarified that as of the announcement date, the quartz cloth it is developing remains in the sample verification stage and has not achieved industrial-scale supply. It will not have any impact on the company's operating performance for a considerable period, and there is significant uncertainty regarding the sample submission progress. Furthermore, as of June 24, 2026, the company's rolling P/E ratio is 127.26 times, significantly higher than the industry average rolling P/E ratio of 45.94 times for the non-metallic mineral products sector, indicating a high valuation risk.
Summary of Other Notable Announcements
Companies issuing unusual volatility or risk warnings include: Zhongchuang Environmental Protection Co., Ltd. (Chairman detained and resigned); Zhenlan Meter Co., Ltd. (Director Zhang Rong passed away, reducing board size to 10); *ST Dongzhi (continued trading halt); China Jushi Co., Ltd. (no orders/revenue for specialty electronic cloth); Ping'an Electrician Co., Ltd. (quartz cloth in verification stage); Cambridge Industries Holding Limited (normal operations); and Zhongguang Tianze Media Co., Ltd. (controlling shareholder change, trading resumption).
Share Repurchases and Changes in Holdings
Key actions include: Jinling Sports Co., Ltd. increased capital in a joint venture; Shanghai Yizhong Pharmaceutical Co., Ltd. plans a buyback; Shunfa Hengneng Co., Ltd. plans an energy storage project investment; Suzhou Tianzhun Technology Co., Ltd. increased investment in a subsidiary; Shenhua Holdings Co., Ltd. saw insider buying; Weixing New Building Materials Co., Ltd. had chairman share purchases; Aerospace Hi-Tech Holding Group Co., Ltd. plans an equity transfer; Tonghuashun Co., Ltd. faces insider selling; Three Squirrels Inc. completed buybacks; Zhejiang Jingxin Pharmaceutical Co., Ltd. chairman proposed a buyback for cancellation; Anhui Conch Cement Company Limited acquired a design institute; TKD Crystal Co., Ltd. controlling shareholder plans to reduce holdings; Shengbang Security Co., Ltd. plans a R&D base investment; Shanghai Zhonggu Logistics Co., Ltd. plans vessel sales; Sieyuan Electric Co., Ltd. executive plans to sell shares; InnoCare Pharma insiders plan to sell; Dongguan Delixi Electric Co., Ltd. major shareholder plans to reduce stake; Zhejiang Founder Motor Co., Ltd. chairman and CFO plan to sell shares; Shenzhen S.C New Energy Technology Corporation insiders and major shareholder plan to sell; Chongqing Polycomp International Corp. completed a shareholder's减持 plan; Shenzhen New Land Tool Planning & Architectural Design Co., Ltd. saw减持 by shareholders; Shandong Hailong Co., Ltd. related party plans to increase holdings; McAuto Industrial Co., Ltd. shareholder plans to sell; Nanhua Futures Co., Ltd. plans H-share buyback; Supply & Marketing Great Collection Co., Ltd. related party plans to increase holdings; and ChaCha Food Co., Ltd. actual controller made首次增持 and plans further purchases.
Major Contract Awards
Companies securing significant contracts include: Dayu Water-saving Group Co., Ltd. (预中标 project); Guanglian Aviation Industry Co., Ltd. (subsidiary drone wing panel contract); Baicheng CleanTech Co., Ltd. (OLED cleanroom contract); AsiaInfo Technologies Limited (subsidiary server hosting contract); and Dongyang Sunshine Co., Ltd. (subsidiary IDC service contract).
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