[Inventory of important news].

Li Qiang presided over the seventh plenary meeting of the State Council to discuss the draft of the "Government Work Report" and mobilize the work of the beginning of the year

Beijing, 5 Feb (Xinhua) -- Premier Li Qiang presided over the seventh plenary meeting of the State Council on 5 February to discuss the government work report to be submitted to the Third Session of the 14 th National People's Congress (NPC) for deliberation and to mobilize for the start of the year.

Li Qiang pointed out that in the new year, in the face of the new situation and tasks, the major policies and strategic arrangements of the CPC Central Committee have been very clear, and they must be implemented systematically and creatively. It is necessary not only to pay attention to the overall grasp, coordinate the relationship between domestic and foreign, current and long-term, macro and micro, development and security, etc., and effectively strengthen the efficient coordination of all aspects of work under multiple goals, but also seek breakthroughs and breakthroughs, identify development areas with full potential and large space, plan a good grasp of work with strong traction and leverage, and create more outstanding highlights that can drive the overall situation. It is necessary to conscientiously summarize and enrich the experience and practices explored and formed in the practice of expanding work, anchor the development goals, and increase counter-cyclical adjustment according to the time and situation; Focus on outstanding problems, integrate resources, concentrate efforts, and work in the same direction; dare to break the routine and launch policy initiatives that can be felt; Respond to concerns in a timely manner and strengthen the interaction between policies and the market.

Comments: Members of the plenary meeting of the State Council attended the meeting, and heads of relevant departments and units attended the meeting as observers.

Zheng Shajie, director of the National Development and Reform Commission: Increase counter-cyclical adjustment of macro policies

Overall, in 2024, China's economy will face difficulties and forge ahead, with momentum rebounding, structural optimization, people's livelihood improving, and risks being mitigated, and the main goals and tasks of economic and social development throughout the year will be successfully completed. Against the backdrop of world turmoil, China remains an important engine of world economic growth, demonstrating the unique strong resilience and great potential of China's economy.

Leading the development of new productive forces with scientific and technological innovation. Strengthen basic research and key core technology research, strengthen the construction of national strategic scientific and technological forces, advance the layout of major scientific and technological projects, and carry out large-scale application demonstration actions of new technologies, new products and new scenarios. We will vigorously support the high-quality development of the manufacturing industry, comprehensively rectify the "involution" competition, and strengthen the regulation and control of supply and demand and the connection between production and marketing. Accelerate the development of emerging industries and the cultivation of future industries, grasp the high-quality development of the digital economy, accelerate the construction of a national integrated computing power network, and cultivate a number of internationally competitive digital industrial clusters.

Comments: Overall, in 2024, China's economy will face difficulties and forge ahead, with momentum rebounding, structural optimization, people's livelihood improving, and risks being mitigated, and the main goals and tasks of economic and social development throughout the year will be successfully completed.

The U.S. Postal Service resumed accepting packages from Chinese mainland and Hong Kong

Less than a day after the U.S. Postal Service (USPS) announced on the evening of Feb. 4 that it was suspending packages sent from Chinese mainland and Hong Kong, the USPS website updated the announcement that it was withdrawing the prohibition and that "the U.S. Postal Service will continue to accept all international inbound mail and packages from China and Hong Kong Post as of February 5, 2025."

Previously, the United States Postal Service (USPS) announced on Tuesday (February 4) evening local time that it would suspend receiving packages sent from Chinese mainland and Hong Kong, China from February 4 until further notice.

The decision coincides with the Trump administration's tariff hike on China, which came into effect on February 4, and is believed to be directly related to the Trump administration's latest trade policy.

Comments: The USPS suspension of package services is expected to have an impact on cross-border e-commerce platforms such as Shein and Temu, which rely on the low-cost advantage of China's direct mail to deliver millions of items to the U.S. market every week.

Trump's threat to take over the Gaza Strip has sparked opposition from various countries, and critics say it is tantamount to advocating ethnic cleansing

On February 4, local time, U.S. President Trump held talks with visiting Israeli Prime Minister Benjamin Netanyahu at the White House. At the press conference, Trump made a surprising statement, claiming that the United States would "take over" the Gaza Strip and support the "permanent" resettlement of Gaza residents.

According to Al Jazeera, Trump's controversial remarks immediately sparked strong criticism and opposition from all walks of life in the United States, with domestic critics and human rights groups pointing out that proposing a plan to "take over Gaza" and "expel Gaza residents" is tantamount to advocating genocide and crimes against humanity. Even some U.S. politicians have opposed and condemned Trump, urging all sectors of society to oppose the plan.

Comments: The United Kingdom, France, Germany and other Western countries expressed their opposition to the US takeover of the Gaza Strip and the expulsion of Gaza residents, and reaffirmed their support for the two-state solution. Russia has also pointed out that the two-state solution is the only way to resolve the Palestinian-Israeli issue.

On the first day of construction, there was good news from the property market! Experts: There may be a "small spring" trend in March

The real estate industry is developing in a healthy and stable direction.

On February 5, 2025, the first day of the New Year, data from the China Index Research Institute showed that during the Spring Festival holiday this year, the overall transaction volume of the national property market was relatively stable, and the average daily transaction area of new houses in 28 representative cities in China increased by 8% compared with last year's holiday (February 10 ~ February 17, 2024).

"From the perspective of market performance, affected by the Spring Festival holiday in January, the transaction volume of new and second-hand houses in key cities decreased month-on-month, and the year-on-year growth rate of second-hand housing transactions narrowed. Liu Shui, director of enterprise research at the China Index Research Institute, analyzed to the reporter of "Daily Economic News".

Comments: During the Spring Festival this year, Zhengzhou, Harbin, Yinchuan, Hefei, Chongqing and other places have launched promotional activities, aiming to stimulate market vitality, boost market confidence, and promote the continuous recovery of the real estate industry.

Guangdong has formally established a private economic bureau

On February 5, the press conference of the 2025 Provincial High-quality Development Conference was held. At the press conference, it was revealed that the Guangdong Provincial Development and Reform Commission has officially established a private economic bureau.

In response to questions from the media, Ai Xuefeng, director of the Guangdong Provincial Development and Reform Commission, said that enterprises are the main body of industrial development, and accelerating the construction of a modern industrial system is inseparable from the strong support and hard work of enterprises and entrepreneurs. Guangdong will fully support enterprises to play the leading role in innovation, and vigorously promote Shenzhen's six "90%" experience practices (more than 90% of innovative enterprises are local enterprises, and more than 90% of R&D institutions, R&D personnel, R&D funds, service invention patents, and invention patents for major scientific and technological projects are concentrated in enterprises), and promote the gathering of innovation resources to high-quality enterprises. Guangdong will also strengthen policy support for enterprises, and fully implement a series of powerful policies such as "10 technological transformations", "10 manufacturing cost reductions", "15 science and technology finance", manufacturing single champion awards and subsidies, and specialized and special new "little giant" awards and subsidies.

Comments: The establishment of the Guangdong Provincial Development and Reform Commission and the introduction of a series of policies to support the development of enterprises reflect Guangdong's positive actions in promoting high-quality economic development, and inject new impetus into the development of the private economy and manufacturing industry by strengthening policy support and optimizing the business environment.

"The first meeting of the new year", these keywords are very important

On February 5, the first working day after the Spring Festival of the Year of the Snake, Anhui, Guangdong, Shandong, Shanghai, Liaoning, Hubei and other places held the "first meeting of the New Year" to plan the work of the new year. The "first meeting of the new year" often has the significance of "weather vane" for the work of the whole year. This year, high-quality development, scientific and technological innovation, and optimization of the business environment have become the keywords of the "first meeting of the new year" in various places.

On the first working day after the Spring Festival, the Guangdong Provincial High-quality Development Conference was held in Guangzhou, with the theme of "Building a Modern Industrial System". This is the third consecutive year that Guangdong has held the "First Meeting of the New Year" on the first working day after the Spring Festival, and all of them have achieved high-quality development.

Comments: Guangdong and Shandong, two major economic provinces that "take the lead", will be the "first meeting of the new year" this year for high-quality development.

It is related to the circulation of refined oil products, and the State Council issued it

According

to the Chinese government network on February 5, in order to further improve the refined oil circulation management system and promote the high-quality development of refined oil circulation, the General Office of the State Council recently issued the "Opinions on Promoting the High-quality Development of Refined Oil Circulation", proposing 21 specific measures in 5 aspects.

In terms of improving the management system of refined oil circulation, the "Opinions" proposed to improve the retail management system of refined oil. Formulate and strictly implement the national unified access standards for refined oil retail business qualifications, and the approval department shall enter the results of the license (Golden Kylin analyst) into the relevant information system, and disclose and notify the relevant departments in a timely manner. It is strictly forbidden to alter, resell, lease, lend or transfer the refined oil business license. It is strictly forbidden to modify and expand the retail outlets of refined oil products without authorization. Establish an annual supervision and inspection system for refined oil retail business enterprises, and order rectification within a time limit for enterprises that do not accept inspections or fail to pass inspections.

Comments: Crack down on violations of laws and regulations. Local people's governments at all levels should coordinate the supervision and investigation of violations of laws and regulations in the field of refined oil circulation, and strictly prohibit the sale of vehicle fuels with gasoline or diesel as the main component and not in accordance with national policies and regulations in the name of "new energy" and "alternative energy".

What signal? The price limit and the down limit are staged at the same time, and cross-border ETFs are both hot and cold

On February 5, high-premium cross-border ETFs pulled back one after another, Harvest German ETF closed the fall limit, and the Southern Asia-Pacific Select ETF fell sharply for two consecutive trading days, nearly 20% from the high. In addition, the Southern Saudi ETF and Huatai Berry Saudi ETF both closed down more than 5%.

At the same time, during the Spring Festival holiday, Hong Kong stocks performed strongly, and funds flocked to new varieties led by Hong Kong stocks. Yinhua Hong Kong Technology 30 ETF, Yinhua New Economy ETF and Bosera Education ETF are three cross-border ETFs, which are different from tracking overseas companies, and the listed companies tracked by these three cross-border ETFs are mainly Chinese assets. Two of the ETFs have a premium of more than 15%.

Comments: The funds participating in cross-border ETFs are mainly intraday T+0 trading, and the temporary suspension of intraday trading can lock in the participating funds, increase the cost of participating funds, and increase the risk of overnight trading, which may help the speculation of cross-border ETFs cool down.

"Nezha 2" broke into the top 3 of the box office list in Chinese film history, and Jia Ling spoke out

At about 19 o'clock on February 5, the box office of the domestic animated film "Nezha's Demon Boy in the Sea" broke 5.414 billion, surpassing "Hello, Li Huanying" and breaking into the top three of the Chinese film box office. Next, it will continue to challenge "Wolf Warrior 2" (5.694 billion) and "Changjin Lake" (5.775 billion), and sprint to the throne of "No. 1 box office in film history". Subsequently, the official blog of the movie "Hello Li Huanying" sent congratulations: "Congratulations to @ Movie Nezha's Demon Boy Havoc Sea The box office has reached a new high!" Come on! Mothers' children are the best, and Chinese movies are getting better and better together! The accompanying picture is, "Look, our children are all promising!" ”

Comments: This kind of friendship between filmmakers who cherish each other and make progress together once again deeply moved fans.

6 Chinese citizens were kidnapped in the Philippines and 4 were killed! The main suspect was arrested

According to Red Star News, on February 4, 2025, the Philippine Police Anti-Kidnapping Brigade issued a notice on its official social account saying that local police arrested John Oliver Villanueva Cousson, a suspect involved in multiple kidnapping cases, in a law enforcement operation. Police records show that on October 30, 2023, nine people (including six Chinese and three Filipinos) were kidnapped from a home in the Philippines, and Coussen is the main suspect in the case.

The Anti-Kidnapping Brigade said that during an arrest operation, officers from the agency's Luzon Field Service Unit and Special Operations Group and the Boon Chun Yuba City Police Department coordinated to arrest Kusen for his involvement in multiple kidnapping cases.

Comments: The abductees include Mr. Zeng's husband and wife, Mr. Zeng's brother and sister-in-law, and Mr. Zeng's brother's 12-year-old son, as well as one person whose identity is unknown.

[Industry hot spots].

Ice and snow are hot and cultural tourism is prosperous, and consumption during the Spring Festival holiday is full of vitality

DeepSeek has sparked a boom in AI investment

Semiconductor projects in many places have been intensively started, and listed companies have actively participated

The box office of Spring Festival movies hit a new high, and "Nezha 2" led a new trend in the industry

The

enthusiasm for investment in oil and gas development is undiminished, and the prosperity of the oil service industry is expected to continue

[Market dynamics].

A-shares: On February 5, the three major indexes collectively fell in the afternoon, the Shanghai Composite Index extended its intraday decline, and the Innovation Index closed slightly lower. As of today's close, the Shanghai Composite Index was at 3,229.49 points, down 0.65 percent, with a turnover of 521.103 billion yuan, the Shenzhen Component Index was at 10,164.22 points, up 0.08 percent, with a turnover of 768.449 billion yuan, and the ChiNext Index was at 2,062.92 points, down 0.04 percent, with a turnover of 378.666 billion yuan. In terms of sectors, IT services, software development, precious metals and other sectors were among the top gainers, while airport shipping, insurance, liquor and other sectors were among the top decliners.

Hong Kong stocks: On February 5, the Hang Seng Index closed down 0.93%, and the Hang Seng Tech Index fell 0.95%. In terms of individual stocks, Weimob Group fell by more than 12%, Maoyan Entertainment fell by more than 11%, MicroPort Robotics fell by nearly 10%, Dongfang Selection fell by more than 8%, and Nongfu Spring and Ctrip Group fell by more than 6%; Gold stocks were strong, and Shandong Gold rose more than 10%.

U.S. stocks: In the early morning of the 6th, Beijing time, U.S. stocks closed higher on Wednesday, and the Dow rose more than 300 points, the second consecutive trading day of gains. The Dow closed up 317.24 points, or 0.71 percent, at 44,873.28, the Nasdaq added 38.31 points, or 0.19 percent, to 19,692.33 and the S&P 500 added 23.60 points, or 0.39 percent, to 6,061.48.

European stocks: Most of Europe's major stock indexes rose, with Germany's DAX 30 up 0.34%, Britain's FTSE 100 up 0.6%, France's CAC 40 down 0.19%, and Euro Stoxx 50 up 0.13%.

Institutional Strategy

China Securities said that before the Spring Festival, a number of policies were launched, holiday consumption data exceeded expectations, DeepSeek exceeded market expectations, the RMB exchange rate against the US dollar stabilized, and multiple factors such as capital repatriation are expected to promote the New Year's Eve market to meet the main upward stage, and investors can consider actively attacking. Structurally, "AI+" is still the core theme, and DeepSeek's breakthrough will continue to promote the re-evaluation of confidence in China's "AI+" and new quality productivity industries.

Dongxing Securities believes that the economic data continues to improve, the policy side continues to exert force, and China's technology assets show strong stamina, and the three form a resonance, and the spring market is expected to continue to unfold. Stimulated by the DeepSeek news, the imagination space of the technology stock market in 2025 will be opened, and the application side represented by artificial intelligence is expected to explode, especially the humanoid robot, automatic driving, electronic consumer terminals and other industrial directions are expected to continue to ferment, and the technology stock market is optimistic throughout the year.

[Topic Company].

Nissan responds to rumors that it has stopped working with Honda: integration discussions are still ongoing

On February 5, Nissan China responded to the online rumor that "Nissan may stop cooperation with Honda and withdraw the memorandum of understanding on business integration", saying that the two companies (Nissan Motor and Honda Motor) originally planned to determine the feasible direction of business integration at the end of January, but the discussion of the preparatory committee for integration is still ongoing, and the direction of integration is planned to be announced in mid-February.

Fat Donglai responded to the fading allergy of the red panties sold

In response to the video posted by netizens saying that the red underwear purchased from Fat Donglai had faded and allergies, on February 4, Fat Donglai Trading Group issued a statement saying that the company has set up a special investigation team to conduct a strict investigation and implementation of the details of the incident, and after the investigation is clear, the results of the incident will be publicized through the official platform as soon as possible. In order to ensure safety and quality, the company first removed the brand series products from the shelves before the investigation results came out, and at the same time conducted a comprehensive review of all underwear and underwear products in the clothing department, department store department and supermarket department.

The 30% apple tax is too high! According to the media, Chinese officials will investigate the Apple App Store

Fast Technology reported on February 6 that, according to some media reports, people familiar with the matter revealed that China's anti-monopoly regulator is preparing to investigate Apple's policies and app store fees.

According to the report, China's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30% on in-app purchases and restrictions on external payment services and app stores.

Also known as the "apple tax", the percentage varies across the globe, but the Chinese market is currently at the top of the spectrum, charging 30% and 15% commissions for standard businesses and small businesses, respectively.

The relevant person in charge of the working group of the real estate financing coordination mechanism: the construction of Vanke's real estate project is progressing smoothly and orderly

According to the situation grasped by the special class, in 2024, Vanke will deliver more than 180,000 housing units, fully completing the target task of ensuring the delivery of housing. According to the understanding of the working group of the urban real estate financing coordination mechanism in various places, the construction of Vanke real estate projects is progressing smoothly and orderly, and the "white list" system will provide strong financing support to fully guarantee the delivery of project construction.

Huawei's sales revenue in 2024 will exceed 860 billion yuan

Liang Hua, chairman of Huawei, said in Guangzhou on the 5th that Huawei's overall operation in 2024 will meet expectations, the ICT (information and communication technology) infrastructure business will remain stable, the consumer business will return to the growth track, and the intelligent vehicle solution business will develop rapidly, with annual sales revenue exceeding 860 billion yuan (RMB, the same below).

At the Guangdong Provincial High-Quality Development Conference held on May 5, Liang Hua said that Huawei will continue to build a solid foundation for digital intelligence infrastructure, solidly promote the AI development strategy, empower thousands of industries through technological innovation and scenario innovation, and facilitate the integrated development of the digital economy and the real economy. "Facing the future, external uncertainties are still very large, but the development trend of digitalization, intelligence and low-carbon is certain."

[IPO dynamics].

1 new stock listed today: Honghai Technology on the Beijing Stock Exchange

On February 6, a total of 1 new shares were launched, which was Honghai Technology of the Beijing Stock Exchange.

Honghai Technology issued a total of 20 million shares, 19 million shares online, IPO issue price of 5.57 yuan per share, issue price-earnings ratio of 14.99 times, the company's main air conditioning structural parts, heat exchangers, display structural parts and other household appliances accessories products research and development, design, manufacturing and sales.

Announcement Reminder

Hangzhou Iron and Steel Co., Ltd.: It has nothing to do with core technologies such as the development and application of DeepSeek system

Hangzhou Iron and Steel Co., Ltd. (600126) issued a clarification announcement on the evening of February 5, saying that the company has paid attention to the relevant reports in the media about the deployment and adaptation of the subsidiary DeepSeek, and now clarifies the relevant situation: the company's main business is the production and sales of steel and its rolled products, and the operating income of steel and related businesses accounts for more than 90% of the total, and the company's main business will not change in the short term; The company has nothing to do with the development and application of core technologies such as the DeepSeek system, and has no business dealings with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd.

360: The company does not provide any services to DeepSeek for the time being

360 (601360) issued an announcement on the evening of February 5 on the stock trading change, saying that under the ecological environment of DeepSeek based on the MIT open source protocol, some products under the company's banner (Golden Kylin Analysts) have been connected and localized deployed by DeepSeek; The Company does not provide any services to DeepSeek at this time.

Huajin Capital: Neither the funds managed by the Company nor its subsidiaries participate in the DeepSeek financing

Huajin Capital (000532) disclosed on the evening of February 5 that there were rumors on some social platforms that the company "indirectly participated in the DeepSeek Pre-A round of financing", and then some media classified the company's shares as "DeepSeek concept stocks", which attracted the attention of the capital market. After verification, neither the company (including its holding subsidiaries) nor the funds managed by the company's subsidiaries participated in the financing of DeepSeek. Investors should pay attention to identifying the source of news, make rational judgments, invest cautiously, and pay attention to risks.

Jikai shares: robot-related business income has a limited impact on the company's short-term performance

Jikai shares (002691) disclosed on the evening of February 5 that the announcement of stock trading changes said that some media listed the company as a "robot concept" related stocks, and as of now, related business income has a limited impact on the company's short-term performance. Investors are advised to invest rationally and pay attention to investment risks.

Guangguang Media: From "Nezha's Demon Boy in the Sea", the revenue is 950 million to 1.01 billion yuan

Guangguang Media (300251) announced on the evening of February 5 that the film "Nezha's Demon Boy in the Sea" produced and distributed by the company and its subsidiaries has been released in Chinese mainland since January 29. As of February 4, the company's operating income from the film ranged from about 950 million yuan to 1.01 billion yuan.

Beijing Culture: From the movie "Fengshen Part II", the revenue is 90 million to 120 million yuan

Beijing Culture (000802) announced on the evening of February 5 that the film "Fengshen Part II: War Xiqi" produced, produced and distributed by the company has been released in Chinese mainland from 9 o'clock on January 29. As of February 4, the company's operating income from the film was about 90 million yuan to 120 million yuan.

Huace Film and Television: The revenue from the film "Tang Detective 1900" is 2.29 million to 3.1 million yuan

Huace Film and Television (300133) announced on the evening of February 5 that the film "Tang Detective 1900" (hereinafter referred to as "the film") invested by Shanghai Huace Film Co., Ltd., a wholly-owned subsidiary of the company, has been released in Chinese mainland since January 29. As of February 4, the company's operating income from the film ranged from about 2.29 million yuan to 3.1 million yuan.

Cixing shares: terminate the planning to purchase assets, and the stock will resume trading tomorrow

Cixing shares (300307) announced on the evening of February 5 that the company's shares have been suspended since the market opened on January 15 due to the planning to issue shares and pay cash to purchase a controlling stake in Wuhan Minsheng New Technology Co., Ltd. and raise matching funds. After discussion and research by the relevant parties of the transaction, it was decided to terminate the planning of the transaction, and the company's shares will resume trading from the opening of the market on February 6 (Thursday).

Ryoden Electric Control: It is planned to purchase 98.43% of the shares of Aoyix and resume trading on the 6th

Ryoden Electronic Control (688667) disclosed the restructuring plan on the evening of February 5, the company intends to issue shares and pay cash to purchase 98.43% of the shares of Jiangsu Aoyi x Automotive Electronics Technology Co., Ltd. (hereinafter referred to as "Aoyix"), and the transaction price has not yet been determined. Both the company and Aoyi are engaged in the business of automotive power electronic control systems, and the two sides have synergies in many aspects. After the completion of this transaction, it is conducive to the integration of market resources between the two parties to form a joint force and promote the domestic substitution of EMS products; It is conducive to the integration of the supply chain system between the two parties and the improvement of the company's profitability. The company's shares resumed trading on February 6.

Juju Shun: It is proposed to acquire 14% of the equity of Juju Shunluhua, a holding subsidiary

Juju Shun (605166) announced on the evening of February 5 that the company intends to acquire 14% of the equity of Juju Shunluhua held by minority shareholders of its holding subsidiary, Shandong Juju Shunluhua New Materials Co., Ltd. (hereinafter referred to as "Juju Shunluhua"), for 112 million yuan. Upon completion of the transaction, the Company will hold a 65% stake in Convergence Shunluhua. As an important holding subsidiary of the company, Polymeric Shunluhua is mainly engaged in the research and development, production and sales of nylon 6 chips.

Shenlian Biotech: The subsidiary plans to increase its capital to obtain 20.48% of the equity of Shizhiyuan

Shenlian Biotechnology (688098) announced on the evening of February 5 that the company intends to increase or borrow money from its wholly-owned subsidiary, Shanghai Bentiancheng Biopharmaceutical Co., Ltd. (hereinafter referred to as "Bentiancheng"), and Bentiancheng will subscribe to the new registered capital of Yangzhou Shizhiyuan Biotechnology Co., Ltd. (hereinafter referred to as "Shizhiyuan") with 60 million yuan, and after the completion of the capital increase, the company indirectly holds 20.48% of the equity of Shizhiyuan through this Tiancheng, and Shizhiyuan has become the company's shareholding company. For the synthetic peptide and peptide drugs to be developed in the future, the company will provide exclusive and exclusive contract production services for it, and if the stock solution or preparation of other drugs (including monoclonal antibodies) of the world is outsourced at that time, the company should be given priority to provide process scale-up and contract production services.

Shijia Photonics: The industrial fund signed a framework agreement to purchase 53% of the shares of Fukexima

Shijia Photonics (688313) announced on the evening of February 5 that Henan Hongqi Optoelectronics Industry Fund Partnership (Limited Partnership) (hereinafter referred to as "Hongqi Optoelectronics Fund") signed an equity transfer framework agreement with Zhishang Technology, intending to purchase 53% of the equity of Dongguan Fukexima Communication Technology Co., Ltd. (hereinafter referred to as "Fukexima") held by Zhishang Technology at a cash consideration of 326 million yuan. As a limited partner of Hongqi Optoelectronics Fund, the company subscribed and contributed 160 million yuan, with a capital contribution ratio of 39.8%, through Hongqi Optoelectronics Fund, the company indirectly invested in Fukexima, which is conducive to the company to maintain the stability of the continuous supply of MT ferrules.

Kede CNC: Net profit in 2024 will be 130 million yuan, a year-on-year increase of 27.91%.

Kede CNC (688305) released a performance express report on the evening of February 5, achieving a total operating income of 605 million yuan in 2024, a year-on-year increase of 33.88%; net profit was 130 million yuan, a year-on-year increase of 27.91%; Basic earnings per share was 1.32 yuan. During the reporting period, the company's sales orders grew rapidly, product sales diversified, in addition to high-end CNC machine tool products such as five-axis vertical machining centers, five-axis horizontal mill-turn compound machining centers, five-axis horizontal machining centers, and new sales orders for flexible automated production lines.

Jiaocheng Ultrasound: The net profit in 2024 will be 84.7591 million yuan, a year-on-year increase of 27.37%.

Jiaocheng Ultrasound (688392) released a performance express report on the evening of February 5, and the company will achieve a total operating income of 583 million yuan in 2024, a year-on-year increase of 11.03%; net profit was 84.7591 million yuan, a year-on-year increase of 27.37%; Basic earnings per share was 0.75 yuan. During the reporting period, the company's operating profit increased by 30.68% year-on-year, mainly due to the growth of the company's equipment batch shipments and accessories in the fields of wire harness connectors, semiconductors, etc., the income from asset disposal and the receipt of government subsidies.

Bank of Hangzhou: net profit in 2024 will be 16.983 billion yuan, a year-on-year increase of 18.08%.

Bank of Hangzhou (600926) released a performance report on the evening of February 5, achieving operating income of 38.381 billion yuan in 2024, a year-on-year increase of 9.61%; net profit was 16.983 billion yuan, a year-on-year increase of 18.08%; Basic earnings per share was 2.74 yuan.

Qilu Bank: Net profit in 2024 will be 4.986 billion yuan, a year-on-year increase of 17.77%.

Qilu Bank (601665) released a performance express report on the evening of February 5, achieving operating income of 12.496 billion yuan in 2024, a year-on-year increase of 4.55%; net profit was 4.986 billion yuan, a year-on-year increase of 17.77%; Basic earnings per share was 0.97 yuan. As of the end of 2024, the company's non-performing loan ratio was 1.19%, a decrease of 0.07 percentage points from the beginning of the year, and the provision coverage ratio was 322.38%, an increase of 18.8 percentage points from the beginning of the year.

Galaxy Electronics: The controlling shareholder intends to increase its shareholding by 20 million to 40 million yuan

Galaxy Electronics (002519) announced on the evening of February 5 that the company's controlling shareholder, Galaxy Electronics Group Investment Co., Ltd., plans to increase its holdings of the company's shares within 6 months from February 6, with a cumulative increase of not less than 20 million yuan and no more than 40 million yuan.

Juneyao Airlines: plans to repurchase the company's shares for 250 million to 500 million yuan

Juneyao Airlines (603885) announced on the evening of February 5 that the company intends to repurchase shares for 250 million yuan to 500 million yuan for employee stock ownership plans or equity incentives, and the repurchase price does not exceed 15.8 yuan per share (inclusive).

Shengde Xintai: raised the upper limit of the repurchase price to 40 yuan per share

Shengde Xintai (300881) announced on the evening of February 5 that in view of the recent fact that the company's stock price continues to exceed the upper limit of the repurchase price proposed by the share repurchase plan, the company will adjust the upper limit of the repurchase price from 21.46 yuan / share to 40 yuan / share. In addition, the other contents of the share repurchase plan remain unchanged.

Dongfang Zhongke: Directors and others will reduce their holdings of the company by no more than 3% in total

Oriental Zhongke (002819) announced on the evening of February 5 that the company's director Xu Yan, deputy general manager Zhang Qiming and Dalian Financial Industry Investment Group Co., Ltd., a shareholder of 12.68%, will reduce their holdings of the company by no more than 3%.

Zhongbei Communication: Won the bid for about 357 million yuan for the procurement project of the county intelligent computing center

Zhongbei Communication (603220) announced on the evening of February 5 that the company participated in the bidding of the project of "Software and Hardware Equipment and Integrated Service Procurement of Xinjiang Hami Yiwu County Intelligent Computing Center Project" of Jinkai Xinneng Yiwu Digital Technology Co., Ltd., and recently received a transaction notice, with a total transaction amount of about 357 million yuan.

Samsung Medical: The subsidiary won the bid for about 309 million yuan of Guodian power procurement project

Samsung Medical (601567) announced on the evening of February 5 that the company recently received a notice of winning the bid from its wholly-owned subsidiary, Oaks Intelligent Technology, in the "Guodian Power 2025-2026 New Energy Project Box Transformer Equipment Framework Procurement Public Bidding" project, with a total bid of about 309 million yuan, accounting for 2.7% of the company's total operating income in 2023.

Aerospace Technology: Signed long-term supply agreements with overseas customers with a total amount of about 473 million yuan

Aerospace Technology (688239) announced on the evening of February 5 that the company recently signed a long-term supply agreement with an international commercial aircraft engine customer (hereinafter referred to as "an overseas customer"). Based on the agreement, an overseas customer will purchase a total of about 65 million US dollars (about 473 million yuan) of aero engine forging products from the company from 2025 to 2030.

Asia-Pacific Co., Ltd.: Designated by a large automobile group, the total sales are expected to be about 1 billion yuan

Asia-Pacific Co., Ltd. (002284) announced on the evening of February 5 that the company recently received a fixed-point notice from a large domestic automobile group that the company will provide integrated brake control module (IBS onebox) products for the customer's two new energy models. According to the customer's plan, the life cycle of the above project is 5 years, and mass production is expected to start in the first quarter of 2026, with a total life cycle sales of about 1 billion yuan.

Fengmao shares: the total sales of the customer project is expected to be about 170 million yuan

Fengmao Co., Ltd. (301459) announced on the evening of February 5 that the company recently received a supplier designation notice email issued by a well-known domestic car company (hereinafter referred to as "the customer"), and the company will develop and supply battery pipelines, motor pipelines and battery buffer products for a new energy vehicle of the customer. According to the customer's planning, the life cycle of the fixed-point project is 7 years (2025-2031), and the total sales volume in the life cycle is expected to be about 170 million yuan (of which the sales amount of battery pipelines and motor pipelines is expected to be 70 million yuan, and the sales amount of battery buffer products is expected to be 100 million yuan).

Wuzhou Special Paper: It is planned to invest 2.94 billion yuan in the construction of a chemical pulp project with an annual output of 600,000 tons

Wuzhou Special Paper (605007) announced on the evening of February 5 that Wuzhou Special Paper (Jiangxi), a wholly-owned subsidiary of the company, plans to invest 2.94 billion yuan to build a chemical pulp project with an annual output of 600,000 tons, and the total construction period is expected to be 30 months.

Conch Cement: Terminated the subscription of non-public shares of Western Construction

Conch Cement (600585) announced on the evening of February 5 that the company signed a termination agreement with Western Construction on the same day, stipulating that the company and Western Construction would terminate the performance of the "Conditional Effective Stock Subscription Agreement", and the company would no longer participate in the subscription of Western Construction's non-public issuance of A shares. The termination of the subscription will not have any adverse impact on the existing cooperation between the Company and Western Construction.