A-Share Announcement Highlights | Brother Enterprises (002562.SZ) Q3 Performance Expected to Rise 207%-253% YoY

**Today's Focus**

**1. Naura Technology: National IC Fund Shareholding Falls Below 5%** Naura Technology announced that shareholder National Integrated Circuit Fund reduced its holdings by 2.5919 million shares through centralized bidding from July 28 to September 15, 2025, representing 0.357947% of total share capital, with an additional passive dilution of 0.062843% due to equity incentive exercises. Following this change, the fund's holdings decreased from 38.7958 million shares to 36.2039 million shares, with its shareholding ratio falling from 5.420722% to 4.999932%, no longer qualifying as a shareholder with 5% or more ownership.

**2. Brother Enterprises: Q3 2025 Net Profit Expected to Rise 207%-253% YoY** Brother Enterprises Holding Co.,Ltd. announced its Q3 2025 performance forecast, expecting net profit attributable to shareholders to reach 100-115 million yuan, representing a YoY increase of 207.32%-253.42%. The performance growth is primarily attributed to rising prices of certain vitamin products, improved capacity utilization and increased sales of the phenol project, reduced costs for some products, and overall gross margin improvement compared to the same period last year.

**3. Haonn Auto Electronics: Receives Approximately 24.77 Billion Yuan Order for Global Auto Brand ADAS Camera Perception System and AK2 Radar System** Haonn Auto Electronics announced receiving designated supplier status from a global automotive brand for ADAS camera perception systems (11 units per vehicle) and AK2 radar systems (12 units per vehicle), with estimated total revenue of approximately 24.77 billion yuan over the product lifecycle. Mass production is expected to begin in April 2026. The client has been an important strategic partner for many years with strong operational performance and fulfillment capabilities. This designation demonstrates customer recognition of the company's project development, manufacturing, and quality management capabilities, benefiting market share expansion and brand recognition while significantly advancing the company's intelligent driving market positioning.

**4. Lux Share: Subsidiary Plans to Launch Household Embodied AI Service Robots, Targeting No Less Than 1 Million Units in US and European Markets by 2026-2028** Lux Share announced that its controlling subsidiary Ningbo Junwu Intelligent Technology Co., Ltd. signed a strategic cooperation agreement with Shanghai Kepler Robotics Co., Ltd. and a leading domestic cross-border e-commerce company. Kepler Robotics specializes in general-purpose humanoid robot development, production, and application ecosystems. The cooperation covers AI embodied intelligence technology development, US and European market collaboration, joint R&D, and brand building. Ningbo Junwu plans to launch household embodied AI service robots, procuring Kepler's embodied AI models and hardware modules to enable VLA autonomous mobility and Agent visual language interaction capabilities, achieving natural communication and instruction execution in household scenarios. Given Ningbo Junwu's expansion plans for US and European markets and the partner's comprehensive sales and after-sales service systems as a leading cross-border e-commerce enterprise, both parties are confident in achieving cumulative sales of no less than 1 million units across various products in US and European markets from 2026-2028.

**5. Hengwei Technology: Plans to Acquire 75% Stake in Shanghai Shuheng Information Technology Co., Ltd., Stock Suspended** Hengwei Technology announced it is planning to acquire a 75% stake in Shanghai Shuheng Information Technology Co., Ltd. through share issuance and cash payment, while simultaneously issuing shares to raise supporting funds. Upon completion, Shuheng Technology will become a controlling subsidiary. Company stock will be suspended from September 17, 2025, with expected suspension duration not exceeding 10 trading days.

**6. Hangke Technology: Inquiry Transfer Price Set at 28.61 Yuan per Share, 20% Discount to Closing Price** Hangke Technology announced that based on inquiry subscription results from September 16, 2025, the preliminary inquiry transfer price was set at 28.61 yuan per share. 17 institutional investors participated in the pricing, including fund management companies, insurance companies, securities firms, private fund managers, and qualified foreign institutional investors. The preliminary transferees are 17 institutional investors planning to acquire a total of 7.807 million shares. This inquiry transfer does not involve changes in company control and will not affect corporate governance structure or continuing operations. Note: Hangke Technology's closing price today was 35.66 yuan per share, making the inquiry transfer price a 20% discount to the closing price.

**7. Haohai Bio: Controlling Shareholder and Actual Controller Receives Administrative Penalty Notice for Non-Company Matters** Haohai Bio announced that controlling shareholder and actual controller Jiang Wei received a Case Filing Notice from China Securities Regulatory Commission in May 2025 for suspected insider trading. Recently, the company was notified that Jiang Wei received an Administrative Penalty Advance Notice from CSRC. The notice relates to Jiang Wei personally and involves matters unrelated to the company. As Jiang Wei does not participate in daily operations management, this matter will not significantly impact the company's daily operations, business, or finances.

**8. Fuchungprecision: Shareholder SDIC Venture Fund Plans to Reduce Holdings by No More Than 3%** Fuchungprecision announced that shareholder SDIC (Shanghai) Technology Achievement Transformation Venture Capital Fund Enterprise (Limited Partnership) plans to reduce holdings by no more than 9.1863 million shares through centralized bidding and block trading, representing no more than 3% of total share capital. The reduction period will be within three months starting 15 trading days after this announcement. Reduction prices will be determined by market conditions, with share quantities adjusted accordingly if corporate actions occur during the implementation period.

**9. Luxshare Precision: Actual Controller and Vice Chairman Wang Laisheng Completes Share Increase, Total Investment 200 Million Yuan** Luxshare Precision announced that actual controller and Vice Chairman Wang Laisheng completed his shareholding increase plan, accumulating 4.4145 million shares through centralized bidding on Shenzhen Stock Exchange for a total investment of 200 million yuan (excluding transaction fees). Following completion, Wang Laisheng and his acting-in-concert parties' shareholding ratio increased from 37.78% to 37.81%.

**10. SinoVideo: Plans to Sell No More Than 5% Stake in Bohui Technology** SinoVideo announced plans to improve asset operational efficiency and optimize asset structure by selling no more than 5% of its stake in Bohui Technology. The board approved related proposals on September 16, 2025, requesting shareholder authorization for management to handle the disposal, including timing, transaction methods, and pricing. This transaction does not constitute a related party transaction or major asset restructuring but requires shareholder approval. Bohui Technology operates audio-visual big data business; SinoVideo holds 6.5939 million shares representing 8.23% of total capital. The disposal period is within 12 months from shareholder approval.

**Risk Warning for Unusual Stock Movements** **Shoukai Co., Ltd. (10 limit-ups in 9 days)**: According to regulations, listed companies experiencing significant abnormal trading conditions may be suspended with mandatory verification requirements for stocks and derivatives.

**Buybacks & Shareholding Changes** 1. China Post Technologies: Shareholder Guohua Satellite plans to reduce holdings by no more than 3% 2. Canadian Solar: Shareholder Yuanhe Chongyuan plans to reduce holdings by no more than 2.04% of total share capital 3. MedicalSystem: Shareholder Weng Kang plans to reduce holdings by no more than 1.7% 4. Sichuan Gold: Shareholders Beijing Jinyang and Zijin Southern reduced holdings exceeding 1% 5. Xinhua Pharmaceutical: Director Fang Junwei plans to reduce holdings by no more than 75,200 shares

**Major Contract Signings** 1. RunJian Communications: Expected to win 111 million yuan China Unicom project bid 2. CRSC Urban Rail: Signs strategic cooperation agreement with Chengdu Institute Infrastructure Branch 3. CSSC Technology: Jointly signs green methanol sales contract