1. **Huayou Cobalt Signs High-Nickel Ternary Cathode Material Supply Agreement with Eve Energy** Zhejiang Huayou Cobalt Co., Ltd. (603799.SH) announced that its subsidiary, Chengdu Bamo, has entered into a product supply framework agreement with Eve Energy Co., Ltd. (300014.SZ). Under the agreement, Chengdu Bamo’s Hungary plant is expected to supply approximately 127,800 tons of high-nickel ternary cathode materials to Eve Energy’s Hungary facility from 2026 to 2035, with around 126,500 tons to be delivered between 2027 and 2031. While the deal will not significantly impact current performance, it is anticipated to positively influence the company’s future financial results.
2. **Hengrui Medicine Receives Approval for Clinical Trials of Innovative Drug HRS-8364** Hengrui Medicine (600276.SH) disclosed that it has obtained approval from China’s National Medical Products Administration (NMPA) to conduct clinical trials for HRS-8364 tablets, a self-developed innovative anti-tumor drug intended for treating advanced solid tumors. No similar drugs have been approved globally to date. The company has invested approximately RMB 21.65 million in the project. Further regulatory approvals will be required post-clinical trials before commercialization.
3. **Shangwei New Materials Clarifies Business Independence in Embodied AI Robotics** Shangwei New Materials issued a risk warning notice, addressing market speculation about potential integration with assets controlled by its actual controller, Deng Taihua. The company emphasized that it operates independently from affiliates in embodied AI robotics, ensuring no material adverse competition.
4. **Shiji Huatong Secures RMB 900 Million Special Loan for Share Buyback** Shiji Huatong (002602.SZ) announced it has received a loan commitment letter from China Merchants Bank Shanghai Branch for up to RMB 900 million, earmarked for share repurchases over a three-year period. The credit-backed loan has a 12-month validity.
5. **Chalco’s Subsidiary to Acquire Minority Stakes for RMB 2.267 Billion** Chalco (601600.SH) revealed that its subsidiary, Yunnan Aluminium, plans to acquire minority stakes in three affiliated companies from Yunnan Metallurgical Group for RMB 2.267 billion. Post-transaction, Yunnan Aluminium’s ownership in these firms will rise to 96.0766%, 97.4560%, and 100%, respectively.
**Shareholding Changes** - **Yidian Tianxia**: Shareholder Ningbo Zhongdian Yi reduced its stake by 13.97 million shares (2.9607%) via block trades and centralized bidding from October 28 to November 25. - **Shannon Corecrest**: Three executives plan to sell shares totaling 0.047%, 0.006%, and 0.004% of the company’s capital from December 17, 2025, to January 16, 2026. - **Jiejie Weichuang**: Shareholder Li Shijun sold 0.8451% of shares, completing the reduction plan ahead of schedule. - **Luxshare Tech**: Controlling shareholder Luxshare Group intends to offload up to 3% of shares to reduce leverage. - **Tongkun Group**: Zhejiang Leixin Industrial completed a 1.05% stake increase, spending RMB 279 million.
**Buybacks** - **China Jushi**: Repurchased 0.86% of shares for RMB 540 million. - **Baiyun Electric**: Initiated buybacks, acquiring 0.016% of shares for RMB 1.0034 million. - **Sitech**: Concluded a 0.66% buyback with RMB 21.9003 million spent.
Comments