A-share announcement highlights | China Merchants Shekou Industrial Zone Holdings (001979.SZ) achieved sales of nearly 8 billion yuan in January, with sales area exceeding 270,000 square meters.

Focus Today 1. Zhejiang Longsheng Group: The price of some varieties of dispersed dyes was adjusted again on February 8th, with the price of dispersed black dyes increasing by 5000 yuan/ton recently. Zhejiang Longsheng Group announced on February 9th that the company is a global leader in dyes and textile chemicals, with its manufacturing activities mainly focused on domestic dyes, disperse dyes, and intermediates, as well as real estate and investment businesses. The company's total dye production capacity is about 300,000 tons/year, and the intermediate capacity is about 120,000 tons/year. The recent price adjustment on February 8th was mainly due to the increase in the prices of reducing agents, leading to an increase in the price of dispersed black dyes by 5000 yuan/ton recently. The sustainability of the price increase will depend on supply and demand dynamics. In recent times, compared to dispersed dyes, large varieties of reactive dyes have seen a relatively moderate price increase, but there have been significant price increases in certain small varieties, such as the price of reactive brilliant blue rising from 150,000 yuan/ton to 180,000 yuan/ton. The main reason for the price increase was the rise in raw material prices, especially for important intermediates (such as reducing agents and hexachloro). With years of technological and industrial investment, the company has a high degree of self-sufficiency in intermediates, creating significant cost barriers. It is believed that the dye industry landscape will be further reshuffled, and the company's dye production capacity will be further enhanced. 2. Shandong Sanyuan Biotechnology: The final ruling of the US anti-dumping and countervailing duty investigation on Chinese erythritol has been announced, with a combined tariff of 93.58% when exporting to the US through a specific individual tax rate channel. Shandong Sanyuan Biotechnology announced on February 9th that the US Department of Commerce released the final ruling on the anti-dumping and countervailing duty investigation of erythritol products originating from China on February 4, 2026. As a mandatory respondent, the final countervailing duty rate for the company is 8.63%. Other Chinese producers/exporters are subject to countervailing duty rates ranging from 4.54% to 8.12%. As an exporter, the company did not qualify for separate rates in the anti-dumping case, and when directly exported to the US, it was subject to a unified national tariff rate of 184.26%, lower than the initial ruling of 450.64%. When exporting to the US through a specific individual tax rate channel, the company can apply a 84.95% anti-dumping cash deposit rate. Given that the combined execution tariff (anti-dumping cash deposit rate of 84.95% + countervailing duty rate of 8.63%) through the specific channel still reaches 93.58%, this tariff level is expected to weaken the company's cost competitiveness in the US market, posing risks of reduced orders for the products involved and loss of market share. 3. Guangzhou Zhiguang Electric: Subsidiary signs a contract for the purchase and sale of energy storage systems worth 1.004 billion yuan. Guangzhou Zhiguang Electric announced on February 9th that its subsidiary, Zhiguang Energy Storage, has signed a contract with a company to purchase energy storage systems totaling 1.004 billion yuan. The business covered by this contract is the company's main business, and if the contract is successfully executed, it is expected to have a positive impact on the company's financial condition and operational performance. 4. Yuanjie Semiconductor Technology: Plans to invest 1.251 billion yuan to build the second phase of the optoelectronic communication semiconductor chip and device research and production base. Yuanjie Semiconductor Technology announced on February 9th that the company plans to invest approximately 1.251 billion yuan to establish the second phase of the optoelectronic communication semiconductor chip and device research and production base. The project focuses on the high-speed optical chip field, aimed at continuously responding to market demand changes and enhancing the company's market share and overall competitiveness in the global optical chip field through capacity expansion and process optimization. Once completed, the project will help the company seize market growth opportunities, meet the increasing product demand in areas such as data center construction, and enhance the stability and response speed of order delivery. 5. Jinhui Mining Incorporation: Intends to acquire 100% equity of Fusheng Mining for 210 million yuan. The latter's Lao Sheng Gou gold mine mining rights have a production scale of 50,000 tons/year. Jinhui Mining Incorporation announced on February 9th that the company plans to acquire the entire equity of Fusheng Mining for 210 million yuan in cash, making Fusheng Mining a wholly-owned subsidiary of the company. Fusheng Mining's Lao Sheng Gou gold mine mining rights are located in Hui County, Shanxi province, which belongs to the Hui-Liangdui gold mine ore belt. The production scale is 50,000 tons/year, with a mining area of 1.2022 square kilometers, valid until April 20, 2035. The ore body in this area has good mineralization conditions, high gold grade, and obvious resource advantages. 6. Hainan Mining: Plans to acquire 69.9% equity of Fengrui Fluoride Industry, and trading of the stock will resume tomorrow. Hainan Mining announced on February 9th that the company is planning to acquire 69.90% of the equity of Fengrui Fluoride Industry through the issuance of shares and cash payment, and intends to issue shares to raise funds from no more than 35 specific investors. The target company is located in Luanchuan County, Henan Province, focusing on the investment and development of fluorite mines, with its main products being acid-grade fluorite powder, high-grade fluorite lump ore, and anhydrous hydrofluoric acid. After the transaction, the listed company will expand its fluorite mining business sector and enrich the types of high-quality strategic mineral resources on the basis of the company's existing resource varieties. The company's stock will resume trading on February 10, 2026. 7. Qingdao Topscomm Communication: Director and Vice General Manager Yuan Zhishuang fined 120,000 yuan. Qingdao Topscomm Communication announced on February 9th that the company's director and vice general manager, Yuan Zhishuang, has been fined 120,000 yuan for engaging in short-term trading activities. It was found that on November 25th and 26th, 2025, Yuan sold 610,000 shares of Qingdao Topscomm Communication with a transaction amount of 4.8537 million yuan, and on November 27th, 2025, bought back 200,000 shares with a transaction amount of 1.612 million yuan, which was deemed as a short-term trading behavior. In accordance with the relevant provisions of the Securities Law, Yuan Zhishuang was given a warning and fined 120,000 yuan. 8. Tianjin Guoan Mengguli New Materials Science & Technology: Plans to invest 929 million yuan to build a 30,000-ton/year lithium-ion battery cathode material project. Tianjin Guoan Mengguli New Materials Science & Technology announced on February 9th that the company plans to invest 929 million yuan to build a 30,000-ton/year lithium-ion battery cathode material project, with the first phase investment of 737 million yuan and the second phase investment of 192 million yuan. The project is expected to achieve an annual production capacity of 5,000 tons of high-voltage lithium cobaltate, 10,000 tons of NCA materials, and 15,000 tons of ultra-high-nickel ternary materials. The funds will be self-raised by the company and through fundraising, with the first-phase project planning to use fundraising funds of no more than 736 million yuan. The project construction period is 36 months, divided into two phases, with the first phase of 21 months and the second phase of 15 months. 9. Efute: Plans to acquire 100% of Shengpu's shares. Stock will resume trading on February 10th. Efute announced on February 9th that the company is planning to acquire 100% of the shares of Shanghai Shengpu Fluid Equipment Co., Ltd. through the issuance of shares and cash payment. The stock of the company will resume trading on February 10, 2026. The target company's main business is the research, production, and sales of precision fluid control equipment and its core components, with its main products being precision fluid control equipment used in the precise conveying, accurate metering, and precise coating of viscous fluids (mainly adhesives) in downstream industry production processes. 10. Hengdian Entertainment: Company's stock trading has experienced abnormal fluctuations, with risks of market sentiment overheating and irrational speculation. Hengdian Entertainment announced on February 9th that its stock price has deviated from the fundamentals of the company, with the closing price over three consecutive trading days on February 5th, 6th, and 9th accumulating a deviation exceeding 20%. Over the past 10 trading days, the company's stock price has increased by 83.98%, with a turnover rate of 4.48%, higher than the normal turnover rate. The stock price has significantly deviated from the basics of the company, posing risks of rapid price declines in the future. 11. Perfect World: The actual controller reduced its holdings by 1.247 million shares during the period of abnormal stock trading. Perfect World announced on February 9th that the company's stock price has deviated from the fundamentals of the company, with the closing price over three consecutive trading days accumulating a deviation exceeding 20%. After verification, the company's previous disclosures did not require correction or supplementation, and there were no significant changes in the company's operational situation and internal and external operating environments. The company's actual controller, Yu Feng, reduced his holdings by 1.247 million shares during the period of abnormal stock trading, accounting for 3.78% of the total shares reduced. 12. Zhejiang Runtu: The price of black disperse dyes has recently increased by about 5000 yuan per ton. Zhejiang Runtu announced on February 9th that China has become the world's largest producer, trader, and consumer of dyes, accounting for about 70%-75% of the world's total dye production. The main dye production areas in China are in Zhejiang, Jiangsu, and Shandong provinces, with a high degree of industry concentration. The main producers of disperse dyes are Zhejiang Longsheng Group, Zhejiang Runtu, ZheJiangJiHua Group, Shanghai Anoky Group, etc., while the main producers of reactive dyes include Zhejiang Runtu, Zhejiang Longsheng Group, JiangSu Jinji Industrial, etc. The Indian reactive dye production capacity has also reached a considerable scale. The dye industry is considered a fully competitive industry, with increasing dye production capacities both domestically and internationally, leading to heightened market competition in recent years. Reducing agent is one of the important intermediates for disperse dyes, and its price has been running at a low level in the past two years. Prices started rising from late January, and currently, the market price of reducing agents is around 70,000 yuan/ton. The prices of dye products are determined by factors such as market supply and demand and raw material prices. The company follows a pricing strategy that follows the market, and due to the recent increase in the price of reducing agents, the price of black disperse dyes has recently increased by about 5000 yuan per ton. The company's annual production capacity of reducing agents is about 8,000 tons. The production volume is responsive to market demand, with most of the production used for the company's own use in supporting its disperse dyes. 13. Huayi Brothers Media Corporation: The controlling shareholder Wang Zhongjun's holding of 70 million shares is set to be auctioned judicially. Huayi Brothers Media Corporation announced on February 9th that the company's controlling shareholder and actual controller, Wang Zhongjun, is planning to auction 70 million shares of the company, representing 42.89% of his shareholding in the company and 2.52% of the total share capital. This auction will not result in a change of the company's actual control and will have no significant impact on the company's production and operation or corporate governance. Financial Performance Forecast/Quick Report 1. China Merchants Shekou Industrial Zone Holdings: Achieved a signed sales amount of 7.674 billion yuan in January, with a sales area of 272,200 square meters. 2. Xiamen International Airport: Passenger throughput in January decreased by 3.84% year-on-year. 3. Hunan Xiangjia Animal Husbandry: Sold 4.0327 million live poultry in January. 4. Universal Scientific Industrial(Shanghai)Co.,: Achieved a consolidated revenue of 4.922 billion yuan in January, a year-on-year growth of 4%. 5. Chen Keming Food Manufacturing: Subsidiary's sales revenue from live pig sales in January was 68.002 million yuan. 6. Luoniushan Co., Ltd.: Sales revenue from live pig sales in January reached 103 million yuan, a year-on-year increase of 25.03%. 7. Shandong Xiantan: Achieved chicken product sales revenue of 546 million yuan in January, with sales volume of 55.9 thousand tons. 8. Jiangxi Zhengbang Technology: Sales revenue from live pig sales in January was 816 million yuan, up by 19.69% year-on-year. 9. Fujian Aonong Biological Technology Group Incorporation: Sold 166,600 heads of live pigs in January, a 35.36% year-on-year increase. 10. Shenzhen Kingsino Technology: Live pig sales volume in January increased by 60.64% year-on-year. Buyback & Increase/Decrease in Holdings 1. Zhongmin Energy: Plans to acquire 51% equity of Fujian Yongtai Mintou Pumped Energy Company for 864 million yuan. 2. Electric Connector Technology: Plans to repurchase shares worth 100 million to 200 million yuan. 3. Ningbo Boway Alloy Material: Controlling shareholder Bowe Group plans to increase holdings by 100 million to 150 million yuan. 4. Shandong Keyuan Pharmaceutical: Controlling shareholder plans to increase holdings of the company's shares by no less than 50 million yuan and no more than 100 million yuan. 5. Jouder Precision Industry(Kunshan)Co.,Ltd.: Shareholder UCM plans to reduce its holdings by a total of up to 3%. Large Orders Signed 1. Zhejiang Haiyan Power System Resources Environmental Technology: Signed a 54.98 million yuan contract for nuclear power equipment supply. 2. Guangzhou Metro Design & Research Institute: Signed a 9.24 billion yuan contract for energy management projects with Guangzhou Metro Group. 3. Traffic Control Technology: Signed a contract for the Sydney Metro Western Line TSMO signal system subcontract project in Australia. 4. Guangdong Songfa Ceramics: Subsidiary signed a contract for the construction of 10 158,000-ton crude oil transport ships. 5. Hsino Tower Group: Subsidiary is expected to win the State Grid project for around 835 million yuan. Others 1. Beijing Strong Biotechnologies, Inc.: Obtained the medical device registration certificate for the determination kit of fibrous protein (original) degradation products. 2. Chongqing Zhifei Biological Products: Recombinant herpes zoster ZFA01 adjuvant vaccine (CHO cells) received a clinical trial approval notice. 3. Shandong Xinhua Pharmaceutical: Obtained the drug registration certificate for ammonium glucosamine sulfate capsules. This article is reproduced from "Tencent Self-selected Stocks", GMTEight editing: Feng Qiuyi.