A-Share Announcement Highlights | "20CM" Limit Up! VNA Concept Stock Uni-Trend Technology (688628.SH) Issues Risk Warning

Today's Focus 1. Xingyun Technology: Wholly-owned subsidiary signs an RMB 872 million intelligent computing resource leasing service contract Xingyun Technology announced that its wholly-owned subsidiary, Changsha Xiangshuyun Technology Co., Ltd., signed an "Intelligent Computing Resource Leasing Service Contract" with a VE customer. Xiangshuyun will provide computing power services to the VE customer. The agreement has a service term of 5 years, with a total tax-inclusive amount of RMB 872 million. The contract has a relatively long performance period, and revenue will be recognized in installments. There is a risk that both parties may lose the ability to perform due to changes in operating conditions, deterioration in financial condition, and other factors. Currently, the company's procurement of the corresponding servers has been completed and is undergoing acceptance inspection, with delivery to the VE customer expected to be completed before September 30, 2026. If the contract is implemented smoothly, it is expected to have a certain impact on the company's future operating performance. 2. Zhejiang Huatong Meat Products: Deputy General Manager Zhu Wenwen subjected to compulsory measures by public security bureau Zhejiang Huatong Meat Products announced that on September 23, 2026, the company learned that Deputy General Manager Zhu Wenwen was subjected to compulsory measures on September 22 by the Jiaojiang Branch of the Taizhou Public Security Bureau. The case is still under investigation. The company has not received any notice from the public security authorities, and the matter has not caused a material adverse impact on daily operations. 3. Shenzhen Edadoc Technology: Plans to invest no more than RMB 800 million to build Phase II of Zhuhai PCB plant, focusing on medium-to-large volume production of mid-to-high-end PCB products Shenzhen Edadoc Technology announced that its wholly-owned subsidiary, Zhuhai Yibo Electronics, plans to make additional investment to build Phase II of the PCB plant. The Phase II investment in the Zhuhai PCB plant mainly consists of production machinery and equipment. Based on current capacity planning, the total additional investment is approved at no more than RMB 800 million. Phase II will focus on medium-to-large volume production of mid-to-high-end PCB products, serving customers in high value-added sectors. The combined capacity of Phase I and Phase II will cover the PCB production needs of the vast majority of target customers, from R&D to large-volume production. 4. Jiangsu Sidike New Materials Science & Technology: Plans to invest RMB 1.652 billion to build an expansion project with annual output of 103,000 tons of high-end functional BOPET base film; large-scale production of MLCC release film base film and other products Jiangsu Sidike New Materials Science & Technology announced that the company's board of directors approved a proposal for its wholly-owned subsidiary, Jiangsu Xingyuantai New Material Technology Co., Ltd., to implement an investment project to build an expansion project with annual output of 103,000 tons of high-end functional BOPET base film. The total investment is expected to be RMB 1.652 billion, funded by self-owned and self-raised funds, with the construction site located in Sihong, Jiangsu. This project will carry out large-scale production of multiple series of high-end functional BOPET substrate products, including MLCC release film base film and polarizer release and protective film base film. The products are mainly suitable for downstream fields such as microelectronics MLCC manufacturing, special optical devices, precision PCB circuits, smart terminal protection, automotive and architectural energy-saving window films, and industrial precision protection. 5. Hangzhou Oxygen Plant Group: Plans to contribute RMB 50 million to invest in StarRing Fusion, enabling substantive participation in the controlled nuclear fusion field Hangzhou Oxygen Plant Group announced that the company plans to jointly invest in Shanghai StarRing Fusion Technology Co., Ltd. ("StarRing Fusion") with Zhejiang Hangqi Turbine Power Technology Group Co., Ltd. and other investors. Among them, the company will contribute RMB 50 million to acquire a 0.66% equity stake in StarRing Fusion. Through this investment, the company can substantively participate in the controlled nuclear fusion field, gain in-depth exposure to and study existing controlled nuclear fusion technology pathways, and conduct targeted, experimental technology R&D on key nodes in each technology pathway that are related to the company's business and share commonalities, helping the company explore new markets and investment opportunities in the nuclear fusion field. Risk Warning for Unusual Stock Movements Uni-Trend Technology: The company's vector network analyzer (VNA) has a maximum frequency coverage of 9 GHz and does not yet possess the testing capabilities required for the application scenarios described in the report Buybacks & Shareholding Changes 1. Changsha Jingjia Microelectronics: Plans to repurchase RMB 130 million to RMB 260 million worth of shares 2. Zhejiang Biyi Electric Appliance: Controlling shareholder plans to reduce holdings by no more than 3% 3. Darbond Technology: Actual controller and persons acting in concert plan to collectively reduce holdings by no more than 3% 4. Verisilicon Microelectronics (Shanghai) Co., Ltd.: Executive Vice President Wang Zhiwei plans to reduce holdings by no more than 31,000 shares Major Contracts 1. Ningbo Sanxing Medical Electric: Subsidiary signs U.S. data center energy storage oil-immersed transformer project contract worth approximately RMB 885 million 2. Shanghai Tongji Science & Technology Industrial: Wholly-owned subsidiary wins joint bid for RMB 810 million commercial housing project 3. Jangho Group: Wholly-owned subsidiary wins AED 174 million curtain wall project in the UAE 4. Sichuan Goldstone: Subsidiary signs RMB 30 million mask blank coating equipment R&D contract This article is reprinted from Tencent Stock Picker. GMTEight Editor: Chen Siyu.