A-share announcement highlights: China Tourism Group Duty Free Corporation's (601888.SH) net profit in 2024 decreased by 36.44% year-on-year.

focus today 1. China Tourism Group Duty Free Corporation: Net profit decreased by 36.44% year-on-year in 2024, with a proposed dividend of 10.5 yuan per share. China Tourism Group Duty Free Corporation (601888.SH) announced that it achieved operating income of 56.474 billion yuan in 2024, a year-on-year decrease of 16.38%; the net profit attributable to the shareholders of the listed company was 4.267 billion yuan, a year-on-year decrease of 36.44%. The company plans to distribute a cash dividend of 10.5 yuan (including tax) to all shareholders for every 10 shares, totaling 2.172 billion yuan. 2. *ST Dongfang: The company's stock may be delisted due to a price below 1 yuan. *ST Dongfang (600811.SH) announced that the closing price of the company's stock on March 28, 2025, was 0.58 yuan per share, which has been below 1 yuan for 10 consecutive trading days. Even if there is a continuous limit up for the next 10 trading days (excluding full-day suspension), it will trigger the delisting due to the closing price being below 1 yuan for 20 consecutive trading days. The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, and if a formal penalty decision concludes that the company meets the criteria for mandatory delisting for major violations, the company's stock will be delisted. 3. Xiangcai Co.,Ltd: Intends to absorb and merge Shanghai DZH Limited through stock issuance and raise supplementary funds. Stock trading resumes. Xiangcai Co.,Ltd (600095.SH) announced that the company intends to absorb and merge Shanghai DZH Limited through issuing A shares to all shareholders of Shanghai DZH Limited and raise supplementary funds through the issuance of A shares. The company's A shares will resume trading starting from March 31, 2025. This transaction is expected to constitute a major asset restructuring. 4. Industrial and Commercial Bank of China: Net profit for the full year of 2024 was 365.86 billion yuan, an increase of 0.5% year-on-year. Industrial and Commercial Bank of China announced that its full-year revenue for 2024 was 786.126 billion yuan, a year-on-year decrease of 2.5%; net profit was 365.86 billion yuan, an increase of 0.5% over the same period last year, which was 363.99 billion yuan. The board of directors recommended the distribution of a year-end cash dividend in 2024, with 1.646 yuan (including tax) per 10 shares. 5. Agricultural Bank Of China: Net profit attributable to shareholders increased by 4.7% year-on-year in 2024, with a proposed dividend of 1.255 yuan per 10 shares. Agricultural Bank Of China released its 2024 annual report on the evening of March 28. The company achieved operating income of 710.555 billion yuan in 2024, a year-on-year increase of 2.3%; net profit attributable to shareholders was 282.083 billion yuan, a year-on-year increase of 4.7%. The board of directors recommended a dividend of 1.255 yuan (including tax) per 10 shares to ordinary shareholders at the end of 2024, totaling 43.923 billion yuan (including tax). As of the end of the year, the non-performing loan ratio was 1.30%, a decrease of 0.03 percentage points from the end of the previous year; the overdue loan ratio was 1.18%, the provision coverage ratio was 299.61%, maintaining a leading position compared to peers. The capital adequacy ratio was 18.19%, an increase of 1.05 percentage points from the end of the previous year, continuously solidifying the foundation for development. 6. China Construction Bank Corporation: Net profit attributable to shareholders increased by 0.88% year-on-year in 2024, with a proposed dividend of 2.06 yuan per 10 shares. China Construction Bank Corporation released its 2024 annual report on the evening of March 28. The company achieved operating income of 750.151 billion yuan in 2024, a year-on-year decrease of 2.54%; net profit attributable to shareholders was 335.577 billion yuan, an increase of 0.88% year-on-year. The board of directors recommended the distribution of a cash dividend of 0.206 yuan (including tax) per share to all shareholders at the end of 2024, totaling approximately 51.502 billion yuan. As of the end of 2024, the total assets of the group were 40.57 trillion yuan, an increase of 2.25 trillion yuan from the previous year, with a growth rate of 5.86%. As of the end of 2024, the non-performing loan ratio was 1.34%, and the provision coverage ratio was 233.60%. 7. S.F. Holding: Net profit for 2024 was 10.17 billion yuan, an increase of 23.51% year-on-year. S.F. Holding announced that the operating income for 2024 was 284.42 billion yuan, a year-on-year increase of 10.07%. The net profit attributable to shareholders of the listed company was 10.17 billion yuan, a year-on-year increase of 23.51%. The profit distribution plan approved by the board of directors for the end of 2024 is to distribute a cash dividend of 4.4 yuan (including tax) for every 10 shares to all shareholders of the total share capital registered on the record date of the future implementation of the profit distribution plan for the end of 2024, with no bonus shares (including tax) and no capitalization of the capital reserve. 8. Two consecutive limit-up for Keystone Technology: The proportion of revenue from the optical mask manufacturing project in the company's operating income is less than 1%. Keystone Technology (605588.SH) issued a notice regarding abnormal fluctuations in stock trading. The company found that the market has recently associated the company with New Kyrale Semiconductor-related equipment concepts. As of December 31, 2024, the revenue from the optical mask manufacturing project accounted for less than 1% of the company's operating income, and did not have a significant impact on the company's business performance. 9. Chifeng Jilong Gold Mining: Net profit increased by 119.46% in 2024, with a proposed dividend for every 10 shares.Distribute cash dividend of 1.60 yuan.Chifeng Jilong Gold Mining (600988.SH) released its annual report for 2024, with the company achieving operating income of 9.026 billion yuan, a year-on-year increase of 24.99%. The net profit attributable to the shareholders of the listed company was 1.764 billion yuan, a year-on-year increase of 119.46%. The company plans to distribute a cash dividend of 1.60 yuan (including tax) per 10 shares. Its main business includes the mining, selection, and sales of gold, owning 7 gold and multi-metal mines. In 2024, the international gold price volatility increased, with the company's main products being gold, electrolytic copper, and other precious and non-ferrous metals. 10, CIG Shanghai: Plans to issue H shares and list on the Hong Kong Stock Exchange CIG Shanghai (603083.SH) announced its plan to issue overseas listed foreign shares (H shares) and apply for listing on the main board of The Stock Exchange of Hong Kong Limited. Financial Performance Inspur Software: Net profit for 2024 was 13.6273 million yuan, a year-on-year decrease of 85.02%. Inspur Software (600756.SH) released its annual report for 2024, with the company's operating income at 1.87 billion yuan, a year-on-year decrease of 26.77%, and a net profit attributable to the shareholders of the listed company of 13.6273 million yuan, a year-on-year decrease of 85.02%. The main reasons for the decrease were the impact of the macroeconomic situation, customer fund shortages, project tender delays, and delayed delivery and acceptance, resulting in a decrease in the company's operating income and gross profit. Additionally, due to factors such as customer fund shortages and lengthy approval processes, the company's accounts receivable increased, leading to an increase in credit impairment losses and further declining profits. Furthermore, the profit distribution plan for 2024 did not involve cash dividends, bonus shares, or capital reserves converting into share capital. CSSC Offshore & Marine Engineering: Net profit for 2024 was 377 million yuan, a year-on-year increase of 685%. CSSC Offshore & Marine Engineering (600685.SH) announced that in 2024, the company achieved operating income of 19.402 billion yuan, a year-on-year increase of 20.17%, with a net profit attributable to the shareholders of the listed company of 377 million yuan, a year-on-year increase of 684.86%. The company plans to distribute a cash dividend of 0.70 yuan (including tax) per 10 shares to all shareholders, totaling 98.9454 million yuan (including tax). The company did not implement the conversion of capital reserves into share capital for the 2024 fiscal year. China Galaxy: Net profit for 2024 increased by 27.31%, with a cash dividend of 1.96 yuan per 10 shares. China Galaxy (601881.SH) announced that in 2024, the company achieved operating income of 35.471 billion yuan, a year-on-year increase of 5.43%, and a net profit attributable to the parent company's shareholders of 10.031 billion yuan, a year-on-year increase of 27.31%. The company plans to distribute a cash dividend of 2.143 billion yuan (including tax), with a cash dividend of 1.96 yuan (including tax) per 10 shares. Furthermore, the company's wealth management business, investment banking business, institutional business, international business, investment trading business, and other integrated business with its subsidiaries all achieved stable development. Hundsun Technologies Inc.: Net profit for 2024 decreased by 26.75%, with a cash dividend of 1 yuan per 10 shares. Hundsun Technologies Inc. (600570.SH) released its annual report for 2024, with the company achieving operating income of 6.581 billion yuan, a year-on-year decrease of 9.62%, and a net profit attributable to the shareholders of the listed company of 1.043 billion yuan, a year-on-year decrease of 26.75%. The company plans to distribute a cash dividend of 1 yuan (including tax) per 10 shares to all shareholders, totaling 189 million yuan. Yonyou Network Technology: Net loss for 2024 was 20.61 billion yuan. Yonyou Network Technology announced that in 2024, the company's operating income was 9.153 billion yuan, a year-on-year decrease of 6.57%. The net loss attributable to the shareholders of the listed company was 20.61 billion yuan, compared to a net loss of 9.67 billion yuan in the same period last year. Basic earnings per share were -0.62 yuan per share. The Board of Directors decided not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2024 fiscal year. Zhejiang Fulai New Material: Net profit for 2024 increased by 98.42%, with a distribution of 1.5 yuan for every 10 shares converted to 4 shares. Zhejiang Fulai New Material (605488.SH) announced that in 2024, the company achieved operating income of 2.541 billion yuan, a year-on-year increase of 19.23%, and a net profit attributable to the shareholders of the listed company of 139 million yuan, a year-on-year increase of 98.42%. The company plans to distribute a cash dividend of 1.50 yuan (including tax) for every 10 shares, with 4 shares converted. The company successfully developed high-performance flexible sensor materials, providing key material support for humanoid Siasun Robot & Automation touch and electronic skin, industrial testing, wearable devices, medical health, and new energy battery testing. Shanghai International Airport: Net profit for 2024 was 1.934 billion yuan, a year-on-year increase of 107.05%. Shanghai International Airport (600009.SH) announced that in 2024, the company's total operating income was 12.369 billion yuan, a year-on-year increase of 11.97%, with a net profit attributable to the shareholders of the listed company of 1.934 billion yuan, a year-on-year increase of 107.05%. This was mainly due to the annual passenger throughput at Shanghai's two airports exceeding 124 million people in 2024, reaching a historical high, and the company.The operating income increased significantly year-on-year, costs were strictly controlled, and this year's increase in profits was due to compensation for house expropriation and stable growth in the operating performance of investment enterprises.Hualan Biological Engineering, Inc.: Net profit in 2024 decreased by 26.57% year-on-year, with a proposed dividend of 2 yuan per 10 shares. Hualan Biological Engineering, Inc. (002007.SZ) released its annual report for 2024, achieving operating income of 4.379 billion yuan, a year-on-year decrease of 18.02%; net profit attributable to shareholders of the listed company was 1.088 billion yuan, a year-on-year decrease of 26.57%. The company plans to distribute a cash dividend of 2 yuan (tax included) per 10 shares to all shareholders. Seazen Holdings: Net profit in 2024 was 752 million yuan, an increase of 2.07% year-on-year. Seazen Holdings released its annual report for 2024 on the evening of March 28, with operating income of 88.999 billion yuan in 2024, a year-on-year decrease of 25.32%; net profit attributable to shareholders of the listed company was 752 million yuan, an increase of 2.07% year-on-year; basic earnings per share was 0.33 yuan. During the reporting period, the company's main operating income from real estate development sales amounted to 76.041 billion yuan, a decrease of 29.16% year-on-year; while property rental and management operating income reached 12.029 billion yuan, an increase of 13.15% from the previous year. Joinn Laboratories: Net profit in 2024 was 74.0754 million yuan, a decrease of 81.34% year-on-year. Joinn Laboratories announced that its operating income in 2024 was 2.018 billion yuan, a decrease of 15.07% year-on-year. Net profit attributable to shareholders of the listed company was 74.0754 million yuan, a decrease of 81.34% year-on-year. Basic earnings per share were 0.1 yuan/share, a decrease of 81.13% year-on-year. The profit distribution plan approved by the board of directors is to distribute a cash dividend of 0.3 yuan (tax included) per 10 shares to all shareholders based on the total share capital after deducting the shares repurchased in the company's designated account. PNC Process Systems: Expected net profit in 2024 to decrease by 64.22%-76.14% year-on-year. PNC Process Systems (603690.SH) issued a notice of abnormal stock trading fluctuations, stating that the company is planning to issue shares and pay cash to purchase 83.7775% of the shares of Guizhou Weldon Crystal Phosphorus Electronic Materials Co., Ltd., and raise supporting funds, but the relevant work has not been completed, and there is uncertainty. The company expects a net profit between 90 million yuan and 135 million yuan in 2024, a decrease of 64.22% to 76.14% year-on-year, mainly due to increased R&D expenses, single-item provisions for credit impairment, and a decrease in non-recurring gains and losses. Hongta: Net profit in 2024 increased by 144.66% year-on-year. Hongta announced that its operating income in 2024 was 2.022 billion yuan, a year-on-year increase of 68.36%. Net profit attributable to shareholders of the listed company was 764 million yuan, a year-on-year increase of 144.66%. The profit distribution plan for 2024 is to distribute a cash dividend of up to 1.03 yuan (tax included) per 10 shares (excluding the cash dividend for the first half of 2024 already distributed by the company), with a total cash dividend not exceeding 486 million yuan (tax included, excluding the cash dividend for the first half of 2024 already distributed by the company). Shenzhen Hepalink Pharmaceutical Group: Net profit in 2024 was 647 million yuan, turning from a loss to a profit year-on-year. Shenzhen Hepalink Pharmaceutical Group announced that its operating income in 2024 was 5.281 billion yuan, a decrease of 3.03% year-on-year. Net profit attributable to shareholders of the listed company was 647 million yuan, turning from a loss of 783 million yuan the previous year, to a profit year-on-year. Basic earnings per share were 0.4408 yuan/share. The company plans to distribute a cash dividend of 2.5 yuan (tax included) per 10 shares to all shareholders, without bonus shares or capitalization from reserves. Zhuzhou Times New Material Technology: Net profit in 2024 was 434 million yuan, an increase of 32.90% year-on-year. Zhuzhou Times New Material Technology announced that in 2024, the company achieved total operating income of 20.055 billion yuan, a year-on-year increase of 14.35%; net profit attributable to shareholders of the listed company was 4.45 billion yuan, an increase of 15.20% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 4.11 billion yuan, a decrease of 2.46% year-on-year; basic earnings per share was 0.55 yuan, an increase of 14.58% year-on-year; the weighted average return on net assets was 7.47%, an increase of 0.68 percentage points. Tongling Nonferrous Metals Group: Subsidiary Zhongtiejian Tongguan's net profit in 2024 was 1.487 billion yuan, a decrease of 16.9% year-on-year. Tongling Nonferrous Metals Group announced that its subsidiary Zhongtiejian Tongguan's total operating income in 2024 was 8.027 billion yuan, an increase of 0.14% year-on-year; operating profit was 2.432 billion yuan, a decrease of 15.15% year-on-year; total profit was 2.435 billion yuan, a decrease of 15.06% year-on-year; net profit was 1.487 billion yuan, a decrease of 16.9% year-on-year. Sangfor Technologies Inc.: Net profit in 2024 was 197 million yuan, a decrease of 0.49% year-on-year. Sangfor Technologies Inc. announced that its operating income in 2024 was 7.52 billion yuan, a decrease of 1.86% year-on-year. Net profit attributable to shareholders of the listed company was 197 million yuan, a decrease of 0.49% year-on-year. The company plans to distribute a cash dividend of 0.63 yuan (tax included) per 10 shares to all shareholders this year.Do not send bonus shares and do not increase the share capital with the public reserve fund.Hebei Sinopack Electronic Technology: Shareholder Zhongdian Fund plans to reduce its stake in the company by no more than 1%. Hebei Sinopack Electronic Technology (003031.SZ) announced that shareholder Zhongdian Electronic Information Industry Investment Fund (Tianjin) Partnership Enterprise (Limited Partnership) plans to reduce its holdings of the company's shares by no more than 451,052.9 shares, or 1% of the total shares, within three months after the announcement disclosure for 15 trading days through centralized bidding and/or block trading. Zhejiang Changsheng Sliding Bearings: Share repurchase plan implementation completed Zhejiang Changsheng Sliding Bearings (300718.SZ) announced that the company approved a share repurchase plan on September 27, 2024, to implement an employee stock ownership plan and/or equity incentive. The total repurchase amount is not less than 20 million yuan and not more than 40 million yuan, with a maximum repurchase price of 21 yuan per share. The repurchase period is within six months from the date of the board's approval. The company has adjusted the repurchase price limit based on the equity distribution to a final price of 128.5 yuan per share. As of March 27, 2025, the company has repurchased a total of 240,600 shares, accounting for 0.08% of the total share capital, with a total payment of 20.05 million yuan. The repurchase plan has been completed in compliance with relevant laws and regulations and the company's established plan. Yinchuan Weili Transmission Technology: Plans to repurchase shares amounting to 60-90 million yuan Yinchuan Weili Transmission Technology announced that the company plans to use its own funds and self-raised funds to repurchase a portion of its RMB ordinary shares (A shares) through centralized bidding trading for implementing an employee stock ownership plan or equity incentive. Based on the minimum repurchase amount of 60 million yuan and a maximum repurchase price of 70 yuan per share, the calculated repurchased share quantity is approximately 857,100 shares, accounting for 1.18% of the company's current total share capital; based on the maximum repurchase amount of 90 million yuan and a maximum repurchase price of 70 yuan per share, the calculated repurchased share quantity is approximately 1,285,700 shares, accounting for 1.78% of the company's current total share capital. The specific quantity of repurchased shares will be subject to the actual quantity repurchased upon completion or expiration of the repurchase period, which is within 12 months from the date of the board's approval of the repurchase plan. Chimin Health Management: Plans to repurchase shares amounting to 100-200 million yuan for an employee stock ownership plan or equity incentive Chimin Health Management (603222.SH) announced that the company plans to repurchase shares through centralized bidding trading, with an amount not less than 1 billion yuan (including) and not more than 2 billion yuan (including). The repurchased shares will be used for an employee stock ownership plan or equity incentive, and the company will complete the transfer within 36 months after announcing the repurchase results and share change. Unutilized funds will be cancelled in accordance with the law if the company fails or is unable to fully implement the above purposes. The repurchase price for shares will not exceed 10.00 yuan per share, with the maximum repurchase price limit not exceeding 150% of the average trading price of the company's stock in the 30 trading days before the board's approval of the repurchase resolution. The repurchase period is within 12 months from the date of the board's approval of the repurchase plan. Others Chengdu Wintrue Holding: Signs 15.9 billion yuan investment cooperation agreement with the People's Government of Guigang, Guangxi and the People's Government of Tanm Town, Guigang City Chengdu Wintrue Holding (002539.SZ) announced that the company recently signed an agreement on the "Yuntu Zhileng Green Chemical New Energy Materials Project Investment Cooperation" with the People's Government of Guigang, Guangxi and the People's Government of Tanm Town, Guigang City. The agreement stipulates that the company will invest in and construct the Yuntu Zhileng Green Chemical New Energy Materials Project in Guigang, Guangxi, with a total investment of about 15.9 billion yuan, to be built in three phases. This agreement is only an intention agreement, does not represent the company's forecast of future performance, and does not constitute a commitment to investors. The actual investment and construction of the project are still to be determined. Guizhou Gas Group Corporation: Plans to acquire 100% equity of Guizhou Shale Gas Exploration and Development Co., Ltd for 1.59 billion yuan and will halt trading next Monday Guizhou Gas Group Corporation (600903.SH) announced that it plans to acquire 100% equity of Guizhou Shale Gas Exploration and Development Co., Ltd held by Guizhou Wujiang Energy Investment Co., Ltd., Guizhou New Energy Industrial Development Fund Partnership Enterprise, and Guizhou New Industrialization Equity Investment Fund Partnership Enterprise through the issuance of shares and raise matching funds from no more than 35 specific investors. The company's stock, convertible bonds, and convertible bond conversion will halt trading from the opening of the market on March 31, 2025, with an estimated trading suspension period not exceeding 10 trading days. Shandong High Speed Renewable Energy: Subsidiary receives 51.1 million yuan government subsidy Shandong High Speed Renewable Energy(000803.SZ) announced that its subsidiary Beijing Xincheng Heat Co., Ltd. received a government subsidy of 51.1 million yuan on March 28, 2025, accounting for 577.33% of the recent audited net profit of the company. The subsidy is related to income, related to the company's daily operating activities, and has sustainability.Ctronics Group: received the administrative supervision measures decision from the Shenzhen Securities Regulatory Bureau.Fine Made Microelectronics Group Announcement: Today, we received the "Decision of Shenzhen Securities Regulatory Bureau on Issuing Warning Measures to Fine Made Microelectronics Group Electronic Group Co., Ltd., Liu Jingyu, and Luo Qiong." The company has issues such as inaccurate provision for inventory impairment, untimely and imprudent bad debt provision for accounts receivable, non-standard reporting of individual accounting items, failure to timely implement review procedures for changes in fundraising, and non-standard signing of some contracts. Accounting issues have led to inaccurate disclosure of related information by the company, in violation of Article 3, Paragraph 1 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). Chairman and General Manager Liu Jingyu and Finance Director Luo Qiong are responsible for the above violations. The Shenzhen Securities Regulatory Bureau has decided to issue a warning letter to Fine Made Microelectronics Group Electronic Group Co., Ltd., Liu Jingyu, and Luo Qiong as regulatory measures. STShenzhen Zqgame: Received an administrative penalty decision from the Shenzhen Securities Regulatory Bureau STShenzhen Zqgame Announcement: The company and related parties have received an administrative penalty decision from the Shenzhen Securities Regulatory Bureau. The annual reports from 2019 to 2021 contained false records, artificially inflating or deflating profits. Failure to timely disclose that the actual controller was subject to criminal coercive measures. The Shenzhen Securities Regulatory Bureau has issued a warning to the company and imposed a fine of 4 million yuan; fined Li Ruijie and Zhang Yunxia 2 million yuan each; fined Li Yilun 1 million yuan; and fined Zhang Siqun 500,000 yuan. The warning was issued to Shenzhen Zqgame for failing to timely disclose the act of the actual controller being subject to criminal coercive measures, and a fine of 1 million yuan was imposed; 3.5 million yuan each was fined to Zhang Yunxia and Li Ruijie; 500,000 yuan was fined to Li Yilun; and 200,000 yuan to Gao Guozhou. Chongqing Sansheng Industrial: Expected negative net assets at the end of 2024, stock trading may be subject to delisting risk warning Chongqing Sansheng Industrial Announcement: According to preliminary calculations by the company's finance department, it is expected that the net assets at the end of 2024 will be between -390 million yuan and -260 million yuan. In accordance with the relevant provisions of the "Stock Listing Rules of Shenzhen Stock Exchange," the company's stock trading will be subject to delisting risk warning after the disclosure of the 2024 annual report. This article is reprinted from "Tencent Self-selected Stocks", GMTEight Editor: Li Fo.