1. **Tongyu Communication**: The company announced its subsidiary Zhonghong Tongyu plans to introduce Wuhan Wuchuangyuan Investment Co. as an investor via capital increase, with the latter injecting RMB 10 million in cash. Post-investment, Tongyu Communication’s stake will decrease from 90% to 85.7143%. The move aims to bolster Zhonghong Tongyu’s capital for satellite communication R&D and operations.
2. **Sanli Pharmaceutical**: Signed a RMB 200 million technology transfer agreement with Hainan University for the HXW2324 compound and related patents, targeting Alzheimer’s disease treatment development. The deal includes milestone payments and sales royalties.
3. **Ningbo Huaxiang**: Subsidiary Huaxiang Qiyuan partnered with Shenzhen Dahuan Robotics to co-develop dexterous robotic hands for humanoid robots, focusing on R&D, manufacturing, and sales.
4. **Dook Media**: Trading halted from Dec 22 pending a change in control, as major shareholders negotiate terms. The suspension is expected to last up to two trading days.
5. **Nan Ya New Materials**: Approved a private placement of up to 70.43 million shares to raise RMB 900 million for AI-powered high-frequency PCB R&D and working capital.
6. **Hexing Packaging**: Major shareholder Xinjiang Xinghuiju sold 700,000 shares (0.06% stake) during a period of abnormal stock volatility, consistent with prior disclosure.
7. **YD Electronic**: Subsidiary Dingxin Optoelectronics will raise RMB 55 million from external investors, diluting YD’s direct stake to 22.7654%. The firm specializes in optical chip manufacturing.
8. **Ultrasonic Electronic**: Plans a RMB 1.008 billion expansion for high-performance HDI circuit boards, targeting annual capacity of 240,000 sqm and revenue of RMB 807 million by full production in 2027.
9. **Lingyi iTech**: Acquired 35% of thermal management firm Liminda for RMB 875 million, gaining 52.78% voting rights. Liminda specializes in server liquid cooling solutions.
10. **Sanhua Intelligent Control**: Forecasts 2025 net profit of RMB 3.87–4.65 billion, up 25–50% YoY, driven by automotive thermal management and HVAC components.
11. **Aolian Electronics**: Trading suspended pending a potential change in control via stake transfer by major shareholder Guangxi Ruiying Asset Management.
**Key Risks**: - Hexing Packaging’s major shareholder sold shares during volatility. - Chuangshi Tech’s controlling shareholder faces regulatory measures. - *ST Zhengtong to delist risk warning and revert to "Zhengtong Electronics."
**Share Moves**: - Nanshan Aluminum: Approved RMB 300–600 million buyback for cancellation. - Yongtai Tech: Executives plan to buy ≥RMB 5 million shares. - Zhejiang Conba Pharmaceutical: Second-largest shareholder transferred 2% stake to parent via block trade. - Huabao Technology: Shareholders to sell 3.93% via inquiry transfer. - Sinotrans: Senior executives plan减持.
**Major Contracts**: - Wireless Media: Subsidiary won RMB 4.89 million project. - *ST Jiaotou: Consortium awarded RMB 128 million wastewater plant contract. - Yongda Industries: Pre-selected for RMB 350 million cabin platform procurement. - Zhuoran Group: Subsidiary signed RMB 4.033 billion EPC contract.
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