Today's highlights.
1. China Rare Earth: Plans share issue to acquire equity in Chinalco Liangshan Rare Earth, trading suspended from Nov 2 open.
China Rare Earth Resources And Technology Co.,Ltd. (ASX: 000831.SZ) announced that it received a notice dated Oct 30, 2026 from its controlling shareholder China Rare Earth Group Co., Ltd. regarding planning a major asset restructuring. The company intends to acquire equity in Chinalco (Liangshan) Rare Earth Co., Ltd. by issuing shares and raise matching funds. The transaction is expected to constitute a major asset restructuring and a related-party transaction, but will not result in a backdoor listing. Currently in the planning stage, the specific plan will be subject to subsequently disclosed restructuring preliminary plan or restructuring report. Upon application, the company's shares will be suspended from trading from the open on Nov 2, 2026, and the trading plan is expected to be disclosed within no more than 10 trading days (i.e., before Nov 16, 2026). If not disclosed on time, the shares will resume trading no later than the open on Nov 16 and the planning of related matters will be terminated.
2. Traffic Control Technology: Chairman Gao Chunhai placed under detention and resigns, vice chairman to assume duties.
Traffic Control Technology (SSE: 688015.SH) announced that it received notice from a relevant supervisory commission that Chairman Gao Chunhai has been placed under detention for personal reasons. On the same day, the board received his written resignation report, applying to resign as chairman, director, and chairman of the board's strategy committee. After resignation, he will still serve as the company's chief scientist. This resignation did not cause the number of board members to fall below the statutory minimum. The company has approved the appointment of Vice Chairman Deng Aiqun to perform the duties of chairman, legal representative, and chairman of the board's strategy committee.
3. Shennan Power A: Plans cash acquisition of 51% to 70% equity in Trina Tracker, constituting a major asset restructuring.
Shennan Power A (SZSE: 000037.SZ) announced that it signed an equity acquisition letter of intent with Trina Solar (Changzhou) Technology Co., Ltd. and Trina Solar Co., Ltd., intending to acquire no less than 51% and no more than 70% equity in Trina Tracker Photovoltaic Bracket (Jiangsu Changzhou) Co., Ltd. held by Trina Technology via cash payment. After completion, the target company will be included in the company's consolidated financial statements. The transaction is expected to constitute a major asset restructuring, not a related-party transaction, does not involve share issuance, and will not result in a change of controlling shareholder or actual controller. The company's shares will not be suspended. The formal agreement has not yet been signed, and whether the deal can be reached remains uncertain.
4. Bank of Shanghai: Baoneng-related 2.58 billion yuan loan dispute terminated in this enforcement.
Bank of Shanghai (SSE: 601229.SH) announced that in the financial loan contract dispute between its Shenzhen Branch and Shenzhen Tuojisi Technology, Shenye Logistics, Baoneng Investment, Baoneng Holdings, and Yao Zhenhua, the court ruled to terminate this enforcement procedure. The loan principal involved is 2.58 billion yuan plus corresponding interest, penalty interest, and compound interest. The company is the applicant for enforcement. This litigation will not have a material impact on the company's current or subsequent profits.
5. Huaxin Building Materials: Signs exclusive agreement for Brazilian cement asset acquisition, enterprise value 12.7 billion reais.
Huaxin Building Materials (SSE: 600801.SH) announced that it signed an exclusive agreement with Brazilian National Steel Company (CSN) on Oct 30, 2026. CSN granted the company exclusive negotiation rights within a certain period. The two parties intend to sign final transaction documents for the company to acquire equity in CSN Cimentos Brasil S.A. held by CSN. The agreement stipulates the target company's enterprise value at 12.7 billion reais. The transaction still requires the signing of formal transaction documents and completion of domestic and overseas approval procedures. Whether it can ultimately be reached remains uncertain.
6. *ST Qingyue: Four former senior executives receive administrative penalty decisions, IPO prospectus financial data contained false records.
*ST Qingyue (SSE: 688496.SH) announced that four people including then-chairman and general manager Gao Yudi received the China Securities Regulatory Commission's administrative penalty decision on Oct 28, 2026. It was found that the company fabricated major false content in its disclosed securities offering documents, and the prospectus financial data contained false records. From 2020 to the first half of 2022, it inflated total profits by understating inventory write-down provisions and falsely selling chips. Because the company's stock closing price was below 1 yuan for 20 consecutive trading days, it triggered the STAR Market trading-based mandatory delisting circumstance on Sept 10, 2026. The stock has been suspended since Sept 11 and the company received the Shanghai Stock Exchange's advance notice of termination of listing.
7. Guosheng Technology: New litigation and arbitration totaling 53.1485 million yuan over 12 consecutive months, accounting for 17.10% of net assets.
Guosheng Technology (SSE: 603778.SH) announced that the company and its wholly-owned and controlled subsidiaries have accumulated new litigation and arbitration involving 53.1485 million yuan over 12 consecutive months, excluding previously disclosed matters, accounting for 17.10% of the company's latest audited net assets. Its wholly-owned subsidiary Jiangsu Qianjing Ruike New Energy recently received a court summons. The plaintiff is Yingkou Jinchen Machinery Co., Ltd. The company is mostly in the defendant position. The first instance of the above cases has not yet been heard, and the final outcome remains uncertain.
8. Hello Tech: Acquires 100% equity in Germany's Yuma for 12.5 million euros.
Hello Tech (SZSE: 301327.SZ) announced that its wholly-owned subsidiary Jackery Technology GmbH intends to use its own funds of 12.5 million euros (approximately 93.49 million yuan) to acquire 100% equity in Yuma GmbH held by Yuma Holding GmbH. After completion, the target company will become a wholly-owned subsidiary of the company and be included in the consolidated financial statements. This transaction does not constitute a related-party transaction or a major asset restructuring, and still needs to be submitted to the company's shareholders' meeting for review.
Operating performance.
1. Sailun Tire: Q3 tire sales up 14.25% year-on-year, revenue up 8.62% year-on-year.
Sailun Tire (SSE: 601058.SH) announced that Q3 operating revenue was 10.858 billion yuan, of which tire product revenue was 10.740 billion yuan.
2. Jinshiyuan: First three quarters provincial revenue 7.619 billion yuan, down 4.22% year-on-year.
Jinshiyuan (SSE: 603369.SH) announced that out-of-province revenue was 901 million yuan, up 12.04% year-on-year, while special A+ products fell 8.12%.
Buybacks & changes in holdings.
1. Eoptolink: First buyback of 975,653 shares, total transaction amount approximately 200 million yuan.
Eoptolink (SZSE: 300502.SZ) announced that the transaction price ranged from 196.97 yuan to 213.27 yuan per share, and the total buyback plan is 800 million yuan to 1 billion yuan.
2. Unigroup Guoxin: Chairman Chen Jie proposes buyback of 500 million yuan to 700 million yuan.
Unigroup Guoxin (SZSE: 002049.SZ) announced that the repurchased shares will be used for equity incentives or employee stock ownership plans, within 12 months.
3. Lao Feng Xiang: Plans to buy back 4 million to 8 million B shares and cancel them, amount 100 million yuan to 200 million yuan.
Lao Feng Xiang (SSE: 600612.SH) announced that the buyback price will not exceed 3.707 US dollars per share, with funds from the company's own funds.
4. Gaussian Bell: Controlling shareholder's 2.1 million shares judicially frozen, accounting for 1.26% of total share capital.
Gaussian Bell (SZSE: 002848.SZ) announced that the frozen shares account for 5.27% of the controlling shareholder's holdings, with the freeze period until October 2029.
Major contracts.
1. CRRC: Recent contracts total approximately 71.02 billion yuan, about 26% of 2025 operating revenue.
CRRC (SSE: 601766.SH) announced that among them, EMU-related contracts were 42.97 billion yuan, and locomotive-related contracts were 12.23 billion yuan.
2. Gold Mantis: October winning bids total 245 million yuan, each individual project exceeding 100 million yuan.
Gold Mantis (SZSE: 002081.SZ) announced that it won the Suzhou University Weige construction project for 132.9832 million yuan and the Luhua Peony Hotel project.
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